---
title: "ATS: Revenue plunged 93% and net loss widened as asset sales reduced production, but cash remains strong"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296313584.md"
description: "Revenue fell 93% year-over-year to $0.51 million, with a net loss of $2.59 million as production volumes dropped following the sale of producing assets. Preparations for new drilling under the Carry Program advanced, and cash reserves stood at $11.2 million at period end.Original document: Australis Oil & Gas Ltd. [ATS] Interim report — Aug. 19 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source."
datetime: "2026-08-19T06:46:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296313584.md)
  - [en](https://longbridge.com/en/news/296313584.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296313584.md)
generator: "portal-rs"
---

# ATS: Revenue plunged 93% and net loss widened as asset sales reduced production, but cash remains strong

Revenue fell 93% year-over-year to $0.51 million, with a net loss of $2.59 million as production volumes dropped following the sale of producing assets. Preparations for new drilling under the Carry Program advanced, and cash reserves stood at $11.2 million at period end.

Original document: Australis Oil & Gas Ltd. \[ATS\] Interim report — Aug. 19 2026

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**