Selan Exploration Technology Limited has informed the Exchange regarding 'Presentation on Annual Financial Results FY 2024-25 '.

Selan Exploration Technology reported strong FY25 results, with average sales volumes rising 61% year-on-year to ~1,193 barrels of oil equivalent per day (boepd), led by stable output from the Bakrol field (~650 boepd) and contributions from the newly acquired Cambay field. Revenue from operations (net of profit petroleum to the government) grew to INR 258.08 Cr from INR 165.60 Cr last year. EBITDA jumped ~80% to INR 150.22 Cr, and net profit surged ~126% to INR 73.98 Cr, despite lower commodity price realisations and higher amortisation. The company highlighted that 2P in-place resources more than doubled in the Bakrol and Karjisan fields, and a Phase 2 drilling campaign is set to begin by end of Q1 FY26. The merger with Antelopus Energy Private Limited (AEPL) is nearly complete, with the NCLT having reserved its order on May 8, 2025, and the merger expected to be effective by July 2025, adding new fields like Duarmara, Dangeru, and D-12 to the portfolio.