{
  "entity_id": "S-QLD-044",
  "folder": "Stanwell-Corporation",
  "name": "Stanwell Corporation",
  "type": "Government-Owned Corporation",
  "jurisdiction": "QLD",
  "portfolio": "Energy",
  "website": "https://www.stanwell.com/",
  "data_status": "rich",
  "completeness": {
    "has_strategy_brief": true,
    "has_strategy_structured": true,
    "has_vision": false,
    "has_kpi_targets": true,
    "has_kpi_results": true,
    "has_strategy_overview": true,
    "has_legislation_text": true,
    "has_legislation_structured": false,
    "has_global_initiatives_text": false,
    "has_ideas": true,
    "has_artifacts": true,
    "n_ideas": 12,
    "n_legislation": 0,
    "n_artifacts": 6,
    "n_kpi_targets": 8,
    "n_kpi_results": 8,
    "n_outcomes": 2,
    "verified_own_data": true
  },
  "strategy_profile": {
    "status": "published",
    "confidence": "high",
    "summary": "Our purpose is to be a major provider of electricity and energy solutions to Queensland, the National Electricity Market and large energy users throughout Australia. [AR p.5]",
    "official_site_url": "https://www.stanwell.com/",
    "source_documents": [
      {
        "type": "annual_report",
        "title": "Download our 2024-25 Annual Report",
        "url": "https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf",
        "period": "2024-25",
        "confidence": "high"
      }
    ],
    "purpose": {
      "text": "Our purpose is to be a major provider of electricity and energy solutions to Queensland, the National Electricity Market and large energy users throughout Australia. [AR p.5]",
      "source_url": "",
      "source_page": 5,
      "source_deep_url": ""
    },
    "vision": null,
    "strategic_priorities": [
      {
        "title": "Ensuring that host communities benefit from the shift to renewable energy",
        "description": "Ensuring that host communities benefit from the shift to renewable energy",
        "source_url": "",
        "source_page": 5,
        "source_deep_url": ""
      }
    ],
    "values": [
      {
        "name": "WE CARE",
        "description": "",
        "source_url": "",
        "source_page": null
      },
      {
        "name": "WE ADAPT",
        "description": "",
        "source_url": "",
        "source_page": null
      },
      {
        "name": "WE DELIVER",
        "description": "",
        "source_url": "",
        "source_page": null
      }
    ],
    "outcomes": [
      {
        "name": "Outcome 1: Reliable and affordable electricity",
        "description": "Ensuring a secure and commercial coal supply is managed to support the high availability and capacity of our power stations and into the future. [AR p.10]",
        "activities": [
          "Operating our Tarong and Stanwell power stations",
          "Acquiring 100 per cent of the up to 120 MW Lockyer Energy Gas project"
        ],
        "source_url": "",
        "source_page": 10,
        "source_deep_url": ""
      },
      {
        "name": "Outcome 2: Diversified renewable energy portfolio",
        "description": "Diversifying our portfolio by adding firming and renewable projects to the mix, including both offtake agreements and projects in which we have equity. [AR p.18]",
        "activities": [
          "Acquiring energy produced by Wambo Wind Farm",
          "Locking in a 15-year power purchase agreement with Genex Power for a 550 MW offtake from the Bulli Creek Solar Farm"
        ],
        "source_url": "",
        "source_page": 18,
        "source_deep_url": ""
      }
    ],
    "performance_measures": [
      {
        "code": "CCE01",
        "measure": "Return on equity",
        "target": "16.8%",
        "latest_result": "20.5%",
        "status": "Achieved",
        "target_source_url": "",
        "target_source_page": 13,
        "result_source_url": "https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf",
        "result_source_page": 14
      },
      {
        "code": "CCE02",
        "measure": "Cost of energy",
        "target": "64.40 $/MWh sold",
        "latest_result": "69.65 $/MWh sold",
        "status": "Achieved",
        "target_source_url": "",
        "target_source_page": 13,
        "result_source_url": "https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf",
        "result_source_page": 14
      },
      {
        "code": "CCE03",
        "measure": "Operating profit",
        "target": "198.5M $",
        "latest_result": "235.3M $",
        "status": "Achieved",
        "target_source_url": "",
        "target_source_page": 13,
        "result_source_url": "https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf",
        "result_source_page": 14
      },
      {
        "code": "CCE04",
        "measure": "EBIT",
        "target": "531.3M $",
        "latest_result": "623.1M $",
        "status": "Achieved",
        "target_source_url": "",
        "target_source_page": 13,
        "result_source_url": "https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf",
        "result_source_page": 14
      },
      {
        "code": "CCE05",
        "measure": "Net profit after tax",
        "target": "354.3M $",
        "latest_result": "429.2M $",
        "status": "Achieved",
        "target_source_url": "",
        "target_source_page": 13,
        "result_source_url": "https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf",
        "result_source_page": 14
      },
      {
        "code": "CCE06",
        "measure": "Capital expenditure",
        "target": "1,223.9M $",
        "latest_result": "800.3M $",
        "status": "Achieved",
        "target_source_url": "",
        "target_source_page": 13,
        "result_source_url": "https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf",
        "result_source_page": 14
      },
      {
        "code": "CCE07",
        "measure": "Total debt to total capital",
        "target": "41.7%",
        "latest_result": "33.7%",
        "status": "Achieved",
        "target_source_url": "",
        "target_source_page": 13,
        "result_source_url": "https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf",
        "result_source_page": 14
      },
      {
        "code": "CCE08",
        "measure": "EBITDA debt service coverage",
        "target": "3.85 times",
        "latest_result": "3.89 times",
        "status": "Achieved",
        "target_source_url": "",
        "target_source_page": 13,
        "result_source_url": "https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf",
        "result_source_page": 14
      }
    ],
    "document_alignment_terms": {
      "must_support": [
        "Our purpose is to be a major provider of electricity and energy solutions to Queensland, the National Electricity Market and large energy users throughout Australia. [AR p.5]",
        "Ensuring that host communities benefit from the shift to renewable energy"
      ],
      "watch_terms": [
        "Return on equity",
        "Cost of energy",
        "Operating profit",
        "EBIT",
        "Net profit after tax",
        "Capital expenditure",
        "Total debt to total capital",
        "EBITDA debt service coverage"
      ],
      "avoid_claiming_without_evidence": []
    },
    "review_note": ""
  },
  "strategy_brief_md": "# Stanwell Corporation — Strategy Brief\n\n**Reporting period**: 2024-25\n**Corporate plan in force**: 2025-26\n**Annual Report**: [2024-25](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)\n\n## Our purpose / purposes\n\n> Our purpose is to be a major provider of electricity and energy solutions to Queensland, the National Electricity Market and large energy users throughout Australia. [AR p.5](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=5) [CP p.5]\n\n## How we deliver\n\n> We achieve our purpose by adding dispatchable energy, renewable energy, and storage to our portfolio to continue supplying Queensland with affordable, reliable, and sustainable electricity as demand grows. [AR p.5](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=5) [CP p.5]\n\n## Government priorities for this department\n\n- Ensuring that host communities benefit from the shift to renewable energy [CP p.5]\n\n## Outcomes\n\n### Outcome 1: Reliable and affordable electricity\nEnsuring a secure and commercial coal supply is managed to support the high availability and capacity of our power stations and into the future. [AR p.10](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=10) [CP p.10]\n\n**Key activities:**\n- Operating our Tarong and Stanwell power stations\n- Acquiring 100 per cent of the up to 120 MW Lockyer Energy Gas project\n\n### Outcome 2: Diversified renewable energy portfolio\nDiversifying our portfolio by adding firming and renewable projects to the mix, including both offtake agreements and projects in which we have equity. [AR p.18](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=18) [CP p.18]\n\n**Key activities:**\n- Acquiring energy produced by Wambo Wind Farm\n- Locking in a 15-year power purchase agreement with Genex Power for a 550 MW offtake from the Bulli Creek Solar Farm\n\n## Values and principles\n\n_Stanwell’s values_\n\n- WE CARE\n- WE ADAPT\n- WE DELIVER\n\n## What they will measure themselves on this year (targets from 2025-26 corporate plan)\n\n| Code | Measure | Target | Source |\n|---|---|---|---|\n| CCE01 | Return on equity | 16.8% | CP p.13 |\n| CCE02 | Cost of energy | 64.40 $/MWh sold | CP p.13 |\n| CCE03 | Operating profit | 198.5M $ | CP p.13 |\n| CCE04 | EBIT | 531.3M $ | CP p.13 |\n| CCE05 | Net profit after tax | 354.3M $ | CP p.13 |\n| CCE06 | Capital expenditure | 1,223.9M $ | CP p.13 |\n| CCE07 | Total debt to total capital | 41.7% | CP p.13 |\n| CCE08 | EBITDA debt service coverage | 3.85 times | CP p.13 |\n\n## How they performed last year (results from 2024-25 annual report)\n\n| Code | Measure | Result | Status | Source |\n|---|---|---|---|---|\n| CCE01 | Return on equity | 20.5% | Achieved | [AR p.14](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14)(https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14) |\n| CCE02 | Cost of energy | 69.65 $/MWh sold | Achieved | [AR p.14](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14)(https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14) |\n| CCE03 | Operating profit | 235.3M $ | Achieved | [AR p.14](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14)(https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14) |\n| CCE04 | EBIT | 623.1M $ | Achieved | [AR p.14](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14)(https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14) |\n| CCE05 | Net profit after tax | 429.2M $ | Achieved | [AR p.14](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14)(https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14) |\n| CCE06 | Capital expenditure | 800.3M $ | Achieved | [AR p.14](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14)(https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14) |\n| CCE07 | Total debt to total capital | 33.7% | Achieved | [AR p.14](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14)(https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14) |\n| CCE08 | EBITDA debt service coverage | 3.89 times | Achieved | [AR p.14](https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14)(https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf#page=14) |",
  "strategy_overview_evidence_md": null,
  "internal_strategy_evidence_md": "# Stanwell Corporation - Strategy, Performance, and Operating Profile\n\n**Generated at**: 2026-05-09T22:52:00.589255+00:00\n**Entity ID**: S-QLD-044\n**Entity type**: Government-Owned Corporation\n**Jurisdiction**: QLD\n**Portfolio**: Energy\n**Website**: https://www.stanwell.com/\n\n> Draft generated from scraped source material. Treat this as an evidence pack for editorial review, not a final judgement.\n\n## Source Coverage\n\n| Source type | Count |\n|---|---:|\n| annual-reports | 1 |\n| other-pdfs | 5 |\n| pages | 9 |\n\n## Executive Readout\n\n### Purpose\n\n- [Page 6]\nStanwell Corporation Limited\nAnnual Report 2024/25\nOur performance highlights\nAchieved the 2024/25 Refreshed our health, safety and environment vision to\nElectricity Maintenance ‘Safe Today.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [pages 38,39,40]\nective risk management assurance on the\nday-to-day activities. activities performed and control policies. effectiveness of\nby A. governance, risk\n• Execute risk and • Independently challenge\nmanagement, and internal\ncontrol procedures on • Monitor compliance and oversee the 1st line of\ncontrols, including the\na day-to-day basis. with the organisation’s defence.\nmanner in which the other\nrisk appetite, risk\n• Ensure risks are within • Monitor and report risk lines of defence achieve\nmanagement and\nthe organisation’s risk exposure (including internal risk management and\ncontrol policies.\nappetite, risk control) status. control objectives.\nmanagement and • Provide input for risk\n• Provide training, tools,\ncontrol policies. reporting.\nadvice and support to the 1st\nline.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- This process has so far culminated in Stanwell\nexecuting 23 development pipeline agreements\nDuring 2025, we introduced several new products\n(DPAs) (as at 30 June 2025) with renewable energy\nto the commercial and industrial market,\nand firming developers.\nincluding our:\nThe DPA frames the interactions Stanwell has\n• Onsite solar and battery solution ranging from\nwith the developer in a way that facilitates good\n100 kW to 5 MW, allowing our customers to\ncommercial outcomes and provides detailed\nlower their electricity bills, have reliable backup\nproject information, as well as transparency\npower to avoid disruptions, and the ability\nof the development timeline.\nto generate revenue by connecting to virtual\npower plants;\nIn this way, Stanwell can manage its portfolio\n• Electric vehicle charging solution for businesses, requirements and facilitate access to the best\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 4]\nStanwell Corporation Limited\nAnnual Report 2024/25\nAbout\nStanwell\nOur purpose\nStanwell is a major provider of electricity and Our maintenance services business, Stanwell Asset\nenergy solutions to Queensland, the National Maintenance Company (SAMCo), is redefining\nElectricity Market and large energy users operations and maintenance services across all\nthroughout Australia.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n\n### Role and Functions\n\n- The committee’s primary function is to assist the\nThe names, qualifications and relevant skills,\nBoard to:\nexperience and expertise of the directors who\n• review and monitor Stanwell’s financial held office during the financial year and up to\nmanagement and reporting processes; the date of this report, along with their terms\nof appointment, are set out on pages 48 to 50.\n• review and oversee systems for risk management,\ninternal control and legal compliance;\nThe Board considers that, individually and\n• oversee the process for identifying and managing collectively, the directors bring a level of skill,\nmaterial business risks; knowledge and experience that enables the Board\nto discharge its role and responsibilities effectively.\n• oversee the process for implementing appropriate\nand adequate control, monitoring and\nreporting mechanisms; and\n33 Corporate governance\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [pages 32,33]\nand relevant skills,\nBoard to:\nexperience and expertise of the directors who\n• review and monitor Stanwell’s financial held office during the financial year and up to\nmanagement and reporting processes; the date of this report, along with their terms\nof appointment, are set out on pages 48 to 50.\n• review and oversee systems for risk management,\ninternal control and legal compliance;\nThe Board considers that, individually and\n• oversee the process for identifying and managing collectively, the directors bring a level of skill,\nmaterial business risks; knowledge and experience that enables the Board\nto discharge its role and responsibilities effectively.\n• oversee the process for implementing appropriate\nand adequate control, monitoring and\nreporting mechanisms; and\n33 Corporate governance\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 31]\nSSSSttttaaaannnnwwwweeeellllllll CCCCoooorrrrppppoooorrrraaaattttiiiioooonnnn LLLLiiiimmmmiiiitttteeeedddd\nAAAAnnnnnnnnuuuuaaaallll RRRReeeeppppoooorrrrtttt 2222000022224444////22225555\nPrinciple one\nof Directors or any other person on the terms\nFoundations of management and and subject to any restrictions that the Board\nmay decide.\noversight\nThe delegation of the Board’s specific standing\npowers and limits of authority are documented\nRole and function of the Board in the Board Delegations of Authority Policy, the\nAudit and Risk Management Committee Charter,\nThe Board’s primary function is to ensure that\nand the People and Safety Committee Charter.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- 2025\nFair value included\nClass of derivative in level 3 Asset/ Relationship of unobservable\nfinancial instrument (Liability) $’000 Unobservable inputs inputs to fair value\nElectricity contracts - 127,049 Adjustment of broker quotes A 20% increase or decrease\nfair value through profit using a number of IES long- in the unobservable forward\nor loss term forward curve scenarios, price used in the contract\nweighed by the strike prices of valuations would result in\nexisting long-term deals in the a $177,666,000 increase\nportfolio to determine the fair or decrease in the fair\nvalue where a product does value asset.\nnot have an observable market\nprice.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Electricity contracts - (15,322) Adjustment of broker quotes A 20% increase or decrease\ncash flow hedges using a number of IES long- in the unobservable forward\nterm forward curve scenarios, price used in the contract\nweighted by the strike prices valuations would result\nof existing long-term deals in in a $2,149,000 increase\nthe portfolio to determine the or decrease in the fair\nfair value where a product does value liability.\nnot have an observable market\nprice.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 2]\nStanwell Corporation Limited\nAnnual Report 2024/25\nTable\nof contents\nAbout this report 4\nAbout Stanwell 5\nOur performance highlights 7\nOur portfolio 8\nChair and CEO’s statement 9\nOur 2024/25 performance 12\nPerformance indicators 13\nOperations 16\nDiversifying our portfolio with firmed renewable energy 18\nCustomers, partners and suppliers 21\nPeople 23\nEnvironment 25\nCommunities 27\nCorporate governance 29\nFinancial results 43\nDirectors’ report 44\nAuditor’s independence declaration 55\nFinancial statements 56\nNotes to the consolidated financial statements 60\nConsolidated entity disclosure statement 124\nDirectors’ declaration 126\nIndependent auditor’s report 127\n3 Table of contents\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n\n### Strategic Priorities\n\n- Electricity Maintenance Guarantee results\nCategory KPI Target Jul - Sep Oct - Dec Jan - Mar Apr - Jun Year\nPersonal Critical control\nYear: 744 300 282 251 304 1,137\nSafety verifications (leading)\nValues interactions\nYear: 5,940 1,980 2,146 2,076 2,315 8,517\n(leading)\nActual serious injury\nor fatality (SIF) 0 0 0 0 0 0\n(lagging)\nSerious environmental\nevents (impact level 4 or 5) 0 0 0 0 0 0\n(lagging)\nHSE gateway (based on\nleading 60 per cent and Achieved Achieved Achieved Achieved Achieved Achieved\nlagging 40 per cent)\nProcess Bowtie review 100% of planned NA 100% 100% 100% 100%\nSafety\nCritical element 100% of planned\nNA NA 100% 100% 100%\nverifications (CEV) (70 CEVs)\nOperational 12 month moving\nPerformance average (MMA) of forced ≤ 5% 1.21% 1.67% 1.90% 1.72% 1.72%\noutage factor\n≥ 90%\navailability NA 93% 97% NA 96%\nSummer availability (Dec to Mar)\nMaintenance Statutory maintenance\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Better Tomorrow.’\nGuarantee key performance\nindicators across the four categories Achieved one of the highest reliability performances\nof personal safety, process safety, of any energy provider in the National Electricity\noperational performance and Market, with our assets operating at 98.3 per cent\nmaintenance investment. reliability during 2024/25 (2023/24: 99.0 per cent).\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- In 2024/25, we achieved another year of strong\nfinancial performance, returning a Net Profit After\nTax of $429.2 million (2023/24: $594.4 million) and\nReinforcing a holistic approach\nan Operating Profit of $235.3 million (2023/24:\nto safety $293.5 million).\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 12]\nStanwell Corporation Limited\nAnnual Report 2024/25\nPerformance indicators\nIn 2024/25, Stanwell committed to achieving the following financial and non-financial targets:\nShareholder return measures\nIndicator 2024/25 actual 2024/25 target 2023/24 actual\nReturn on equity (%)1 20.5 16.8 34.5\nCost of energy2 ($/MWh sold) 69.65 64.40 52.62\n1 Return on equity = annualised Net Profit After Tax / ((opening shareholder equity + closing shareholder equity)/2).\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Financial performance measures\nCorporate measures 2024/25 actual 2024/25 target 2023/24 actual\nOperating profit ($M) 235.3 198.5 293.5\nEBIT ($M) 623.1 531.3 874.4\nNet profit after tax ($M) 429.2 354.3 594.4\nCapital expenditure3 ($M) 800.3 1,223.9 806.8\nTotal debt to total capital (%)4 33.7 41.7 34.3\nEBITDA debt service coverage (times)5 3.89 3.85 5.80\n3 Capital expenditure includes both sustaining and renewable capital.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 13]\nStanwell Corporation Limited\nAnnual Report 2024/25\nOther non-financial performance measures\nNon-corporate measures 2024/25 actual 2024/25 target 2023/24 actual\nTotal recordable injury frequency rate (TRIFR) 5.20 <3.49 6.04\nLost time injury frequency rate (LTIFR) 1.82 <0.29 1.86\nEnvironmental enforcement actions 0.0 0.0 0.0\nForced outage factor 1.7% 2.3% 1.0%\nFurther information on our health, safety and environment results for 2024/25 is provided on page 16.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- In response, Stanwell and Coronado\nagreed to amend one of our long-term coal\nIn 2024/25, our assets achieved a reliability\nsupply agreements in exchange for short-term\nfactor of 98.3 per cent (2023/24: 99.0 per cent),\nliquidity support.\nwhich puts them among Australia’s most reliable\ncoal-fired power stations.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- 2024/25 2024/25 December 2022\nCorporate measures actual (%) target (%) baseline (%)\nPercentage of Aboriginal and/or Torres Strait\nIslander employees 2.46 2.20 0.99\nN/A\nGender pay gap1 9.88 9.90 10.05 (June 2024)\nPercentage of roles held by women 29.70 31.30 26.19\nPercentage of leadership roles held by women 29.90 31.30 23.68\nPercentage of technical and trade roles held by women 8.85 10.0 4.81\n1 G ender Pay Gap calculation methodology was amended in FY25, in line with Workplace Gender Equality Agency Australia.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Stanwell has successfully achieved the 2024/25\nCombined, the Stanwell and Tarong power\nKPIs across the four categories of personal safety,\nstations sent out 17,096 GWh of energy\nprocess safety, operational performance and\n(2023/24: 19,085 GWh) in 2024/25.\nmaintenance investment.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- At a Federal Government level,\nMember of Audit and Risk Management Committee Mr Morrison has been a member of Australian\nTerm of appointment: 7 May 2020 to 31 March delegations to the Carbon Sequestration\n2023; 1 April 2023 to 30 September 2026 Leadership Forums (Paris and Oslo).\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n\n## KPIs, Targets, and Where They Are At\n\n- Electricity Maintenance Guarantee results\nCategory KPI Target Jul - Sep Oct - Dec Jan - Mar Apr - Jun Year\nPersonal Critical control\nYear: 744 300 282 251 304 1,137\nSafety verifications (leading)\nValues interactions\nYear: 5,940 1,980 2,146 2,076 2,315 8,517\n(leading)\nActual serious injury\nor fatality (SIF) 0 0 0 0 0 0\n(lagging)\nSerious environmental\nevents (impact level 4 or 5) 0 0 0 0 0 0\n(lagging)\nHSE gateway (based on\nleading 60 per cent and Achieved Achieved Achieved Achieved Achieved Achieved\nlagging 40 per cent)\nProcess Bowtie review 100% of planned NA 100% 100% 100% 100%\nSafety\nCritical element 100% of planned\nNA NA 100% 100% 100%\nverifications (CEV) (70 CEVs)\nOperational 12 month moving\nPerformance average (MMA) of forced ≤ 5% 1.21% 1.67% 1.90% 1.72% 1.72%\noutage factor\n≥ 90%\navailability NA 93% 97% NA 96%\nSummer availability (Dec to Mar)\nMaintenance Statutory maintenance\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Better Tomorrow.’\nGuarantee key performance\nindicators across the four categories Achieved one of the highest reliability performances\nof personal safety, process safety, of any energy provider in the National Electricity\noperational performance and Market, with our assets operating at 98.3 per cent\nmaintenance investment. reliability during 2024/25 (2023/24: 99.0 per cent).\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- In 2024/25, we achieved another year of strong\nfinancial performance, returning a Net Profit After\nTax of $429.2 million (2023/24: $594.4 million) and\nReinforcing a holistic approach\nan Operating Profit of $235.3 million (2023/24:\nto safety $293.5 million).\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 12]\nStanwell Corporation Limited\nAnnual Report 2024/25\nPerformance indicators\nIn 2024/25, Stanwell committed to achieving the following financial and non-financial targets:\nShareholder return measures\nIndicator 2024/25 actual 2024/25 target 2023/24 actual\nReturn on equity (%)1 20.5 16.8 34.5\nCost of energy2 ($/MWh sold) 69.65 64.40 52.62\n1 Return on equity = annualised Net Profit After Tax / ((opening shareholder equity + closing shareholder equity)/2).\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Financial performance measures\nCorporate measures 2024/25 actual 2024/25 target 2023/24 actual\nOperating profit ($M) 235.3 198.5 293.5\nEBIT ($M) 623.1 531.3 874.4\nNet profit after tax ($M) 429.2 354.3 594.4\nCapital expenditure3 ($M) 800.3 1,223.9 806.8\nTotal debt to total capital (%)4 33.7 41.7 34.3\nEBITDA debt service coverage (times)5 3.89 3.85 5.80\n3 Capital expenditure includes both sustaining and renewable capital.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 13]\nStanwell Corporation Limited\nAnnual Report 2024/25\nOther non-financial performance measures\nNon-corporate measures 2024/25 actual 2024/25 target 2023/24 actual\nTotal recordable injury frequency rate (TRIFR) 5.20 <3.49 6.04\nLost time injury frequency rate (LTIFR) 1.82 <0.29 1.86\nEnvironmental enforcement actions 0.0 0.0 0.0\nForced outage factor 1.7% 2.3% 1.0%\nFurther information on our health, safety and environment results for 2024/25 is provided on page 16.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 14]\nSSttaannwweellll CCoorrppoorraattiioonn LLiimmiitteedd\nAAnnnnuuaall RReeppoorrtt 22002244//2255\nElectricity Maintenance\nGuarantee\nIn accordance with the Electricity Maintenance The Stanwell Board has implemented a no\nGuarantee, Stanwell will prioritise the financial and performance payments policy for Stanwell’s\nnon-financial performance of its existing portfolio Chief Executive and Senior Executives if the full\nof thermal generation assets to provide safe, year Electricity Maintenance Guarantee KPIs\nsecure and reliable electricity supply. are not achieved.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- In response, Stanwell and Coronado\nagreed to amend one of our long-term coal\nIn 2024/25, our assets achieved a reliability\nsupply agreements in exchange for short-term\nfactor of 98.3 per cent (2023/24: 99.0 per cent),\nliquidity support.\nwhich puts them among Australia’s most reliable\ncoal-fired power stations.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- 2024/25 2024/25 December 2022\nCorporate measures actual (%) target (%) baseline (%)\nPercentage of Aboriginal and/or Torres Strait\nIslander employees 2.46 2.20 0.99\nN/A\nGender pay gap1 9.88 9.90 10.05 (June 2024)\nPercentage of roles held by women 29.70 31.30 26.19\nPercentage of leadership roles held by women 29.90 31.30 23.68\nPercentage of technical and trade roles held by women 8.85 10.0 4.81\n1 G ender Pay Gap calculation methodology was amended in FY25, in line with Workplace Gender Equality Agency Australia.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Stanwell has successfully achieved the 2024/25\nCombined, the Stanwell and Tarong power\nKPIs across the four categories of personal safety,\nstations sent out 17,096 GWh of energy\nprocess safety, operational performance and\n(2023/24: 19,085 GWh) in 2024/25.\nmaintenance investment.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- 2025\nFair value included\nClass of derivative in level 3 Asset/ Relationship of unobservable\nfinancial instrument (Liability) $’000 Unobservable inputs inputs to fair value\nElectricity contracts - 127,049 Adjustment of broker quotes A 20% increase or decrease\nfair value through profit using a number of IES long- in the unobservable forward\nor loss term forward curve scenarios, price used in the contract\nweighed by the strike prices of valuations would result in\nexisting long-term deals in the a $177,666,000 increase\nportfolio to determine the fair or decrease in the fair\nvalue where a product does value asset.\nnot have an observable market\nprice.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Electricity contracts - (15,322) Adjustment of broker quotes A 20% increase or decrease\ncash flow hedges using a number of IES long- in the unobservable forward\nterm forward curve scenarios, price used in the contract\nweighted by the strike prices valuations would result\nof existing long-term deals in in a $2,149,000 increase\nthe portfolio to determine the or decrease in the fair\nfair value where a product does value liability.\nnot have an observable market\nprice.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Environmental contracts (114,340) Site specific forecast A 20% increase or decrease\n- fair value through profit generation to determine the in the generation forecasts\nor loss fair value where a product does used in the contract valuations\nnot have a fixed volume. would result in a $20,072,000\nincrease or decrease in fair\nvalue liability.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Environmental contracts 169,234 Site specific forecast A 20% increase or decrease\n- fair value through profit generation to determine in the generation forecasts\nor loss the fair value where a product used in the contract valuations\ndoes not have a fixed volume. would result in a $35,288,000\nincrease or decrease in the fair\nvalue asset.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n\n## Key Metrics\n\n| Values found | Evidence | Source |\n|---|---|---|\n| $58 million, 99.95 per cent, 58 million | However, SAMCo\nreliable operations and maintenance providers in draws from Stanwell Corporation’s existing\nQueensland, maintaining an average of 99.95 per cent corporate services and support functions to\navailability across its sites in 2024/25. streamline operating efficiencies, and to draw\nfrom the corporate knowledge operating two\nAs at 30 June 2025, SAMCo has executed of the most reliable assets in the National\napproximately $58 million in to | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $253.6 million, 253.6 million | Invested $253.6 million in sustaining Provided a secure supply of electricity\ncapital across our existing assets to for Queenslanders, with 17,096 GWh\nensure we continued to provide a reliable supply (2023/24: 19,085 GWh) of electricity sent out by\nof energy for Queenslanders. | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $253.6 million, 253.6 million | [Page 9]\nStanwell Corporation Limited\nAnnual Report 2024/25\nStrong sustaining capital investment of Our future energy mix\n$253.6 million in 2024/25, and our commitment\nto asset maintenance, means that we can continue While we are well positioned to continue to operate\nto operate at high levels of reliability and dispatch our highly reliable Stanwell Power Station and\nelectricity as and when the market needs. | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $411.6 million, 411.6 million | Principal activities\nIn 2024/25, the Group recorded an impairment\nThe Group’s principal activities during the 2024/25 reversal of $411.6 million, as the carrying amounts\nfinancial year were the operation of its energy of Stanwell’s generating assets are significantly\nportfolio which includes the origination, generation, less than their recoverable amounts. | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $116.1 million, 116.1 million | The financial liquidity provided by Stanwell comprises:\n• A cash payment of $116.1 million in June 2025 representing a partial, upfront payment for the additional\ncoal to be supplied (the “Prepayment”); and\n• Deferral of amounts payable by Coronado to Stanwell during the period April - December 2025\nunder the coal revenue sharing arrangements for a 5-year period commencing in 2027 (the “Rebate\nDeferral”). | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| 98.3 per cent, 99.0 per cent | Better Tomorrow.’\nGuarantee key performance\nindicators across the four categories Achieved one of the highest reliability performances\nof personal safety, process safety, of any energy provider in the National Electricity\noperational performance and Market, with our assets operating at 98.3 per cent\nmaintenance investment. reliability during 2024/25 (2023/24: 99.0 per cent). | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $429.2 million, $594.4 million, $235.3 million, $293.5 million, 429.2 million, 594.4 million | In 2024/25, we achieved another year of strong\nfinancial performance, returning a Net Profit After\nTax of $429.2 million (2023/24: $594.4 million) and\nReinforcing a holistic approach\nan Operating Profit of $235.3 million (2023/24:\nto safety $293.5 million). | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| 60 per cent, 40 per cent | Electricity Maintenance Guarantee results\nCategory KPI Target Jul - Sep Oct - Dec Jan - Mar Apr - Jun Year\nPersonal Critical control\nYear: 744 300 282 251 304 1,137\nSafety verifications (leading)\nValues interactions\nYear: 5,940 1,980 2,146 2,076 2,315 8,517\n(leading)\nActual serious injury\nor fatality (SIF) 0 0 0 0 0 0\n(lagging)\nSerious environmental\nevents (impact level 4 or 5) 0 0 0 0 0 0\n(lagging)\nHSE gateway (based on\nleading 60 per cent and A | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| 98.3 per cent, 99.0 per cent | In response, Stanwell and Coronado\nagreed to amend one of our long-term coal\nIn 2024/25, our assets achieved a reliability\nsupply agreements in exchange for short-term\nfactor of 98.3 per cent (2023/24: 99.0 per cent),\nliquidity support.\nwhich puts them among Australia’s most reliable\ncoal-fired power stations. | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $177,666,000 | 2025\nFair value included\nClass of derivative in level 3 Asset/ Relationship of unobservable\nfinancial instrument (Liability) $’000 Unobservable inputs inputs to fair value\nElectricity contracts - 127,049 Adjustment of broker quotes A 20% increase or decrease\nfair value through profit using a number of IES long- in the unobservable forward\nor loss term forward curve scenarios, price used in the contract\nweighed by the strike prices of valuations w | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $35,288,000 | Environmental contracts 169,234 Site specific forecast A 20% increase or decrease\n- fair value through profit generation to determine in the generation forecasts\nor loss the fair value where a product used in the contract valuations\ndoes not have a fixed volume. would result in a $35,288,000\nincrease or decrease in the fair\nvalue asset. | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $163.1 million, 163.1 million | During the 2024/25 financial year, this contributed\nStanwell also proactively supports health and $163.1 million to Stanwell’s revenue.\nwellbeing through its dedicated Health and\nWellbeing Strategy. | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $32.2 million, 32.2 million | The difference between the fair value and the\nconsideration provided (being the gross value of the Prepayment and the Rebate Deferral provided by\nStanwell prior to 30 June 2025) of $32.2 million has been recognised as a loss on initial recognition of the\nfinancial asset in the Statement of Profit and Loss. | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $253.6 million, 253.6 million | If Queensland needs additional\n$253.6 million in sustaining capital across\nelectricity from 2027 onwards, we are now\nthe business to conduct planned maintenance\nin a strong position to supply that energy from\nand overhauls of our assets. | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $1.3 billion, 98.5 per cent, 1.3 billion, 63 per cent | In 2024/25, 98.5 per cent of Stanwell’s total\nspend was with Australian entities, with $1.3 billion\n(63 per cent) directed to Queensland-based\nentities. | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $335.9 million, $594.4 million, 335.9 million, 594.4 million | On this basis, Stanwell will pay a dividend to\nour shareholder, the Queensland Government,\nin respect of this financial year of $335.9 million\n($594.4 million in 2023/24). | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| 60 per cent, 40 per cent | Electricity Maintenance Guarantee results\nCategory KPI Target Jul - Sep Oct - Dec Jan - Mar Apr - Jun Year\nPersonal Critical control\nYear: 744 300 282 251 304 1,137\nSafety verifications (leading)\nValues interactions\nYear: 5,940 1,980 2,146 2,076 2,315 8,517\n(leading)\nActual serious injury\nor fatality (SIF) 0 0 0 0 0 0\n(lagging)\nSerious environmental\nevents (impact level 4 or 5) 0 0 0 0 0 0\n(lagging)\nHSE gateway (based on\nleading 60 per cent and A | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| 98.3 per cent, 99.0 per cent | Better Tomorrow.’\nGuarantee key performance\nindicators across the four categories Achieved one of the highest reliability performances\nof personal safety, process safety, of any energy provider in the National Electricity\noperational performance and Market, with our assets operating at 98.3 per cent\nmaintenance investment. reliability during 2024/25 (2023/24: 99.0 per cent). | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| $429.2 million, $594.4 million, $235.3 million, $293.5 million, 429.2 million, 594.4 million | In 2024/25, we achieved another year of strong\nfinancial performance, returning a Net Profit After\nTax of $429.2 million (2023/24: $594.4 million) and\nReinforcing a holistic approach\nan Operating Profit of $235.3 million (2023/24:\nto safety $293.5 million). | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n| 98.3 per cent, 99.0 per cent | In response, Stanwell and Coronado\nagreed to amend one of our long-term coal\nIn 2024/25, our assets achieved a reliability\nsupply agreements in exchange for short-term\nfactor of 98.3 per cent (2023/24: 99.0 per cent),\nliquidity support.\nwhich puts them among Australia’s most reliable\ncoal-fired power stations. | `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)` |\n\n## Key Achievements\n\n- Electricity Maintenance Guarantee results\nCategory KPI Target Jul - Sep Oct - Dec Jan - Mar Apr - Jun Year\nPersonal Critical control\nYear: 744 300 282 251 304 1,137\nSafety verifications (leading)\nValues interactions\nYear: 5,940 1,980 2,146 2,076 2,315 8,517\n(leading)\nActual serious injury\nor fatality (SIF) 0 0 0 0 0 0\n(lagging)\nSerious environmental\nevents (impact level 4 or 5) 0 0 0 0 0 0\n(lagging)\nHSE gateway (based on\nleading 60 per cent and Achieved Achieved Achieved Achieved Achieved Achieved\nlagging 40 per cent)\nProcess Bowtie review 100% of planned NA 100% 100% 100% 100%\nSafety\nCritical element 100% of planned\nNA NA 100% 100% 100%\nverifications (CEV) (70 CEVs)\nOperational 12 month moving\nPerformance average (MMA) of forced ≤ 5% 1.21% 1.67% 1.90% 1.72% 1.72%\noutage factor\n≥ 90%\navailability NA 93% 97% NA 96%\nSummer availability (Dec to Mar)\nMaintenance Statutory maintenance\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- This achievement Stanwell has a comprehensive and integrated Equity,\nreflects Brendon’s high level of skill, as well as Diversity and Inclusion (EDI) Strategy, which focuses\nhis exceptional effort during the three days on five key areas - reconciliation, age diversity,\nof rigorous competition. gender equity, respect, and an inclusive and diverse\nculture, and we have made strong progress\nThe Russell Vorpagel Scholarship was launched implementing our targets for 2024/25.\nthis year to honour Russell Vorpagel, who retired\nin February 2025 after a 46-year career in In 2025/26, Stanwell will implement its refreshed\nQueensland’s energy industry, including 32 years EDI Strategy for 2026 to 2028.\nat the Tarong power stations.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- More insights on the total electricity market from AEMO\nLatest News\nView all News\nEnergising transformers: Another key milestone for Stanwell Battery\nArticles\nBattery storage\nEnergising transformers: Another key milestone for Stanwell Battery\n06 May 2026\nFrom the Army to energy generation: Steven Kuhl’s Anzac legacy powers on\nArticles\nThermal power\nCommunities\nFrom the Army to energy generation: Steven Kuhl’s Anzac legacy powers on\n23 April 2026\nWambo Wind Farm reaches major milestone with delivery of all turbines\nMedia releases\nWind power\nWambo Wind Farm reaches major milestone with delivery of all turbines\n07 April 2026\nSubscribe to our newsletter\nSTANWELL SPARK\nStay up to date with quarterly news from Stanwell, delivered straight to your inbox.\n  Source: `pages/about.html (https://www.stanwell.com/about-us)`\n- Explore our\nEnergy Assets\nto learn more about how our generation portfolio supports the grid and powers Queensland.\n>98%\nAverage reliability factor (twelve month moving average)\nLatest Media Releases\nView all Media Releases\nWambo Wind Farm reaches major milestone with delivery of all turbines\nMedia releases\nWind power\nWambo Wind Farm reaches major milestone with delivery of all turbines\n07 April 2026\nStanwell’s first battery project commences commercial operations at Tarong\nMedia releases\nBattery storage\nStanwell’s first battery project commences commercial operations at Tarong\n13 February 2026\nQueensland’s Future Energy Workforce Powers Up at Tarong\nMedia releases\nCommunities\nQueensland’s Future Energy Workforce Powers Up at Tarong\n13 February 2026\nSubscribe to our newsletter\nSTANWELL SPARK\nStay up to date with quarterly news from Stanwell, delivered straight to your inbox.\n  Source: `pages/homepage.html (https://www.stanwell.com/)`\n- [Page 6]\nStanwell Corporation Limited\nAnnual Report 2024/25\nOur performance highlights\nAchieved the 2024/25 Refreshed our health, safety and environment vision to\nElectricity Maintenance ‘Safe Today.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 44]\nSSttaannwweellll CCoorrppoorraattiioonn LLiimmiitteedd\nAAnnnnuuaall RReeppoorrtt 22002244//2255\nStrategy Key strategic achievements include:\nStanwell continually monitors and models • Achieved the Queensland Government’s\nthe political, technical, social, environmental, 2024/25 Electricity Maintenance Guarantee key\nregulatory, economic and market factors that performance indicators across the four categories\ninfluence the market in which we operate. of personal safety, process safety, operational\nperformance and maintenance investment.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 2]\nStanwell Corporation Limited\nAnnual Report 2024/25\nTable\nof contents\nAbout this report 4\nAbout Stanwell 5\nOur performance highlights 7\nOur portfolio 8\nChair and CEO’s statement 9\nOur 2024/25 performance 12\nPerformance indicators 13\nOperations 16\nDiversifying our portfolio with firmed renewable energy 18\nCustomers, partners and suppliers 21\nPeople 23\nEnvironment 25\nCommunities 27\nCorporate governance 29\nFinancial results 43\nDirectors’ report 44\nAuditor’s independence declaration 55\nFinancial statements 56\nNotes to the consolidated financial statements 60\nConsolidated entity disclosure statement 124\nDirectors’ declaration 126\nIndependent auditor’s report 127\n3 Table of contents\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- We continued making progress on our pipeline of\nOnce both stages are operational, 83 turbines\nprojects in 2024/25, with more than 4,000 MW\nwill add more than 500 MW of clean energy to\nof renewable energy and storage now either under\nQueensland’s energy system.\ndevelopment or construction, or in operation.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- This process has so far culminated in Stanwell\nexecuting 23 development pipeline agreements\nDuring 2025, we introduced several new products\n(DPAs) (as at 30 June 2025) with renewable energy\nto the commercial and industrial market,\nand firming developers.\nincluding our:\nThe DPA frames the interactions Stanwell has\n• Onsite solar and battery solution ranging from\nwith the developer in a way that facilitates good\n100 kW to 5 MW, allowing our customers to\ncommercial outcomes and provides detailed\nlower their electricity bills, have reliable backup\nproject information, as well as transparency\npower to avoid disruptions, and the ability\nof the development timeline.\nto generate revenue by connecting to virtual\npower plants;\nIn this way, Stanwell can manage its portfolio\n• Electric vehicle charging solution for businesses, requirements and facilitate access to the best\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 29]\nSSStttaaannnwwweeellllll CCCooorrrpppooorrraaatttiiiooonnn LLLiiimmmiiittteeeddd\nAAAnnnnnnuuuaaalll RRReeepppooorrrttt 222000222444///222555\nKey areas of governance focus • reviewing Stanwell’s governance processes for\nand achievement in 2024/25 the preparation of the financial statements; and\n• participating in the detailed examinations\nThe Board, with assistance from its committees, of Stanwell’s key strategic risks.\nengaged in key strategic governance and oversight\nactivities in 2024/25, including:\nApproach to corporate\n• conducting a Board strategy workshop focused\ngovernance\non the long-term success of the company;\n• regularly discussing the risks and opportunities Stanwell defines governance as ‘the system by\narising from the significant structural which the Corporation is directed, managed\nchanges occurring within the National and held to account’.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 43]\nSSttaannwweellll CCoorrppoorraattiioonn LLiimmiitteedd\nAAnnnnuuaall RReeppoorrtt 22002244//2255\nDirectors’ report\nYear in review\nThe directors present their report on the\nconsolidated entity consisting of Stanwell\nCorporation Limited and its subsidiaries Financial performance\n(together, referred to as the ‘Group’) as at\nThe Group delivered a Net Profit After Tax of\nthe end of the 2024/25 financial year.\n$429.2 million (2023/24: $594.4 million) for the\nyear ended 30 June 2025.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- National Electricity Market, with our assets\nStanwell continues to implement our Corporate\noperating at 98.3 per cent reliability during\nStrategy in ways which address risks, as well as\n2024/25 (2023/24: 99 per cent).\npositioning the business to leverage the long-term\nopportunities associated with the energy shift. • Regular planned maintenance and major\noverhauls of our plant ensured Stanwell\nIn early-2025, the Board and senior leaders\nmaintained the required level of reliability to\nrefreshed Stanwell’s Corporate Strategy to\nsupport Queensland’s energy requirements.\nensure that the group is well positioned to\nThis included statutory maintenance on Stanwell\nrespond to challenges that are occurring\nPower Station Unit 2, Tarong Power Station Unit 2\nin its external environment and deliver on\nand Tarong North Power Station.\nshareholders’ requirements.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n\n## Key Issues, Risks, and Recommendations\n\n- The Group Manager,\nin turn, reports functionally to the Audit and Risk In addition, the CEO and CFO state to the Board\nManagement Committee and administratively in writing that:\nto the Company Secretary.\n• the assurances given above, and the integrity of\nFollowing the conclusion of audits, the Group Stanwell’s financial statements, are founded on\nManager Internal Audit prepares and issues to a sound system of risk management, compliance\nmanagement a formal Internal Audit Report and internal control which implements, in all\nof findings and recommendations. material respects, the policies and processes\nadopted by the Board; and\nA summary of the final report, together with\n• to the extent that they relate to financial\nmanagement’s agreed actions and implementation\nreporting, the risk management, compliance and\ndates, is presented to the Audit and Risk\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 40]\nSSttaannwweellll CCoorrppoorraattiioonn LLiimmiitteedd\nAAnnnnuuaall RReeppoorrtt 22002244//2255\nStanwell’s climate-related risk profile (both physical Management Policy outlines Stanwell’s commitment\nand transitional) will change over time. to ensuring that Stanwell is able to meet all of its\ncompliance obligations and appropriately respond\nThe Audit and Risk Management Committee\nto any compliance and/or regulatory issues.\nreceives presentations from management at each\nmeeting on Stanwell’s material strategic risks (both\nfinancial and non-financial), the controls in place to Principle eight\nmanage those risks and actions to reduce the risk\nRemunerate fairly and\nto the target level within a prescribed timeframe.\nresponsibly\nStanwell has implemented several other\npolicies that directly or indirectly serve to\nmitigate and manage risk, including the Trading\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- At a Federal Government level,\nMember of Audit and Risk Management Committee Mr Morrison has been a member of Australian\nTerm of appointment: 7 May 2020 to 31 March delegations to the Carbon Sequestration\n2023; 1 April 2023 to 30 September 2026 Leadership Forums (Paris and Oslo).\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 52]\nStanwell Corporation Limited\nAnnual Report 2024/25\nMeetings of Directors\nThe numbers of meetings of the Company’s Board\nof directors and of each Board committee held\nduring the 2024/25 financial year, and the numbers\nof meetings attended by each director were:\nPeople & Safety Audit & Risk\nBoard\nCommittee Management Committee\nA B A B A B\nPaul Binsted 11 11 N/A N/A 4 4\nHoward Morrison1 8 8 2 2 N/A N/A\nJane Schmitt3 11 11 3 3 N/A N/A\nJohn Thompson3 11 11 3 3 N/A N/A\nKara Cook2 5 5 N/A N/A 2 2\nLaurie Lefcourt 11 11 N/A N/A 4 4\nMarianna O’Gorman3 11 11 3 3 4 4\n1 Howard Morrison took leave of absence from 3 July 2024 to 30 September 2024.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Support Teams Risk, Compliance, Business Internal Audit External Audit\nCorporate Teams (within Divisional Continuity, Financial Control, Regulator\n(front line) and Corporate Teams) Security, Health, Safety and\nWellbeing, Information\nSecurity, etc.\n• Identify, take and • Monitor and test risk • Develop and facilitate • Provide independent\nmanage risks in management effective risk management assurance on the\nday-to-day activities. activities performed and control policies. effectiveness of\nby A. governance, risk\n• Execute risk and • Independently challenge\nmanagement, and internal\ncontrol procedures on • Monitor compliance and oversee the 1st line of\ncontrols, including the\na day-to-day basis. with the organisation’s defence.\nmanner in which the other\nrisk appetite, risk\n• Ensure risks are within • Monitor and report risk lines of defence achieve\nmanagement and\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [pages 38,39,40]\nective risk management assurance on the\nday-to-day activities. activities performed and control policies. effectiveness of\nby A. governance, risk\n• Execute risk and • Independently challenge\nmanagement, and internal\ncontrol procedures on • Monitor compliance and oversee the 1st line of\ncontrols, including the\na day-to-day basis. with the organisation’s defence.\nmanner in which the other\nrisk appetite, risk\n• Ensure risks are within • Monitor and report risk lines of defence achieve\nmanagement and\nthe organisation’s risk exposure (including internal risk management and\ncontrol policies.\nappetite, risk control) status. control objectives.\nmanagement and • Provide input for risk\n• Provide training, tools,\ncontrol policies. reporting.\nadvice and support to the 1st\nline.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- National Electricity Market, with our assets\nStanwell continues to implement our Corporate\noperating at 98.3 per cent reliability during\nStrategy in ways which address risks, as well as\n2024/25 (2023/24: 99 per cent).\npositioning the business to leverage the long-term\nopportunities associated with the energy shift. • Regular planned maintenance and major\noverhauls of our plant ensured Stanwell\nIn early-2025, the Board and senior leaders\nmaintained the required level of reliability to\nrefreshed Stanwell’s Corporate Strategy to\nsupport Queensland’s energy requirements.\nensure that the group is well positioned to\nThis included statutory maintenance on Stanwell\nrespond to challenges that are occurring\nPower Station Unit 2, Tarong Power Station Unit 2\nin its external environment and deliver on\nand Tarong North Power Station.\nshareholders’ requirements.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- [Page 31]\nSSSSttttaaaannnnwwwweeeellllllll CCCCoooorrrrppppoooorrrraaaattttiiiioooonnnn LLLLiiiimmmmiiiitttteeeedddd\nAAAAnnnnnnnnuuuuaaaallll RRRReeeeppppoooorrrrtttt 2222000022224444////22225555\nPrinciple one\nof Directors or any other person on the terms\nFoundations of management and and subject to any restrictions that the Board\nmay decide.\noversight\nThe delegation of the Board’s specific standing\npowers and limits of authority are documented\nRole and function of the Board in the Board Delegations of Authority Policy, the\nAudit and Risk Management Committee Charter,\nThe Board’s primary function is to ensure that\nand the People and Safety Committee Charter.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Derivative financial instruments (continued)\nAverage price increase Average price decrease\nEffect on profit Effect on Effect on profit Effect on\nbefore tax equity before tax equity\n%\nchange $’000 $’000 % change $’000 $’000\nElectricity price - 2025 20% 350,971 (500,188) (20%) (343,539) 492,731\nElectricity price - 2024 20% 465,114 (487,755) (20%) (497,768) 483,012\nEnvironmental price - 2025 20% 39,416 - (20%) (40,163) -\nEnvironmental price - 2024 20% 120,233 - (20%) (120,553) -\nCredit risk\nCredit risk exposure refers to the situation where the Group may incur financial loss as a result of another\nparty to a financial instrument failing to fulfil their contractual obligation.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- A summary of the credit quality of derivative financial assets is assessed by reference to external credit\nratings as reflected in the following table:\nConsolidated\n2025 2024\n$’000 $’000\nAA+ to AA- 13,825 20,150\nA+ to A- 330,890 894,020\nBBB+ to BBB- 26,222 61,184\nOther and non-rated 504,575 499,751\n875,512 1,475,105\nCredit risk incorporates the risks associated with the Group transacting with customers and counterparties\nwho could be impacted by climate change or by changes to laws, regulations or other policies adopted\nby governments or regulatory authorities including carbon pricing and climate change adaptation\nor mitigation policies.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Derivative financial instruments (continued)\nThe effect of the cash flow hedge in the statement of profit or loss and other comprehensive income\nis as follows:\nChange in fair\nvalue of the\nEffective Ineffective Change in hedged item Gain/(loss)\ngain/(loss) gain/(loss) fair value attributable reclassified\nrecognised in recognised in of hedging to the hedged from OCI to\nOCI profit or loss instrument risk profit or loss\n$’000 $’000 $’000 $’000 $’000\nYear ended 30 June 2025\nHighly probable forecast\nelectricity sales 17,363 59,043 76,406 (19,966) (415,723)\nHighly probable forecast\nelectricity purchases 4,830 (1,861) 2,969 (4,768) 100,892\n22,193 57,182 79,375 (24,734) (314,831)\nYear ended 30 June 2024\nHighly probable forecast\nelectricity sales 404,811 55,393 460,204 (379,623) (109,750)\nHighly probable forecast\nelectricity purchases (185,321) (6,588) (191,909) 184,333 (28,124)\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Non-current borrowing (continued)\nBasis points increase Basis points decrease\nEffect on profit Effect on Effect on profit Effect on\nbefore tax equity before tax equity\n2024 % $’000 $’000 % $’000 $’000\nCash and cash equivalents 1.00% 1,326 - (1.00%) (1,326) -\nAdvances facility 1.00% 814 - (1.00%) (814) -\nBorrowings 1.00% (129) - (1.00%) 168 -\n2,011 - (1,972) -\nLiquidity risk\nThe Group is subject to cash flow volatility and manages a substantial portion of that risk by entering\ninto derivatives.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- In 2024/25,\nthe use of quarried material.\nwe rehabilitated 29.9 hectares of mined area,\ntaking our total to 734.4 hectares of progressively\nrehabilitated land, with 152.9 hectares signed\nClimate-related risks and\noff by the regulator.\nopportunities\nWater management Risk management is fundamental to maximising\nthe value of our business and informing its strategic\nWater is a critical input for electricity generation. direction.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Audit and Risk Management Committee\nPrinciple two\nAs at 30 June 2025, the Audit and Risk Management\nCommittee comprised the following directors: Structure the Board to add value\n• Laurie Lefcourt (Chair);\n• Paul Binsted; and At the date of this report, the Board consisted\nof five independent, non-executive directors\n• Marianna O’Gorman.\nand an independent non-executive Chair.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n\n## Corporate Values and Operating Culture\n\n- [Page 34]\nSSttaannwweellll CCoorrppoorraattiioonn LLiimmiitteedd\nAAnnnnuuaall RReeppoorrtt 22002244//2255\nand cultural attributes (diversity and personal The guiding principles underlying the Code of\nbehaviour) and, ultimately, a Board’s effectiveness Conduct are:\ndepends on obtaining the right mix of these skills.\n• we contribute to a safe and healthy\nThe Board has established a composition matrix work environment, which safeguards our\nwhich outlines the range of knowledge, skills and environmental and social right to operate;\ncultural attributes which have been assessed\n• we act ethically at all times;\nas ideal for the Stanwell Board to hold to drive\nStanwell’s strategic direction, as well as to • we treat others with fairness and respect,\neffectively govern the organisation. and value equity, diversity and inclusion;\n• we identify conflicts of interest and manage\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Non-current provisions\nConsolidated\n2025 2024\n$’000 $’000\nEmployee benefits - long service leave 1,952 1,511\nRestoration, rehabilitation and decommissioning 493,385 391,511\nOther provisions 20,927 19,615\n516,264 412,637\nTotal\nRestoration\nConsolidated - 2025 $’000\nCarrying amount at the start of the year 400,734\nPayments (3,752)\nMovement in estimates 37,391\nNew provisions - renewable projects 55,061\nUnwinding of discount 16,294\nUnused provision (206)\nCarrying amount at the end of the year 505,522\nLong-term employee benefit obligations\nThe liability for long service leave which is not expected to be settled within 12 months after the\nend of the period in which the employees render the related service is recognised in the provision\nfor employee benefits and measured as the present value of expected future payments to be made\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- The framework\nand professional development opportunities\nseeks to provide effective and responsible\nfor directors, thereby ensuring that the\ndecision making to assist the delivery of Stanwell’s\nBoard has the skills, appropriate knowledge,\nstrategic goals.\nand experience required to effectively lead\nand govern Stanwell in response to changes This report outlines the key areas\nin its external business environment; of the framework, which includes:\n• setting the tone from the top, and influencing\n• an experienced and independent Board,\nStanwell’s culture, values and ethical standards.\nsupported by a Board Committee structure\nThis includes the Board satisfying itself that\nwhich is regularly reviewed to ensure it continues\nthe desired culture is being lived in practice\nto operate effectively and add value;\nand is reflective of the behaviours associated\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Financial performance measures\nCorporate measures 2024/25 actual 2024/25 target 2023/24 actual\nOperating profit ($M) 235.3 198.5 293.5\nEBIT ($M) 623.1 531.3 874.4\nNet profit after tax ($M) 429.2 354.3 594.4\nCapital expenditure3 ($M) 800.3 1,223.9 806.8\nTotal debt to total capital (%)4 33.7 41.7 34.3\nEBITDA debt service coverage (times)5 3.89 3.85 5.80\n3 Capital expenditure includes both sustaining and renewable capital.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Electricity Maintenance Guarantee results\nCategory KPI Target Jul - Sep Oct - Dec Jan - Mar Apr - Jun Year\nPersonal Critical control\nYear: 744 300 282 251 304 1,137\nSafety verifications (leading)\nValues interactions\nYear: 5,940 1,980 2,146 2,076 2,315 8,517\n(leading)\nActual serious injury\nor fatality (SIF) 0 0 0 0 0 0\n(lagging)\nSerious environmental\nevents (impact level 4 or 5) 0 0 0 0 0 0\n(lagging)\nHSE gateway (based on\nleading 60 per cent and Achieved Achieved Achieved Achieved Achieved Achieved\nlagging 40 per cent)\nProcess Bowtie review 100% of planned NA 100% 100% 100% 100%\nSafety\nCritical element 100% of planned\nNA NA 100% 100% 100%\nverifications (CEV) (70 CEVs)\nOperational 12 month moving\nPerformance average (MMA) of forced ≤ 5% 1.21% 1.67% 1.90% 1.72% 1.72%\noutage factor\n≥ 90%\navailability NA 93% 97% NA 96%\nSummer availability (Dec to Mar)\nMaintenance Statutory maintenance\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- 2025\nFair value included\nClass of derivative in level 3 Asset/ Relationship of unobservable\nfinancial instrument (Liability) $’000 Unobservable inputs inputs to fair value\nElectricity contracts - 127,049 Adjustment of broker quotes A 20% increase or decrease\nfair value through profit using a number of IES long- in the unobservable forward\nor loss term forward curve scenarios, price used in the contract\nweighed by the strike prices of valuations would result in\nexisting long-term deals in the a $177,666,000 increase\nportfolio to determine the fair or decrease in the fair\nvalue where a product does value asset.\nnot have an observable market\nprice.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Electricity contracts - (15,322) Adjustment of broker quotes A 20% increase or decrease\ncash flow hedges using a number of IES long- in the unobservable forward\nterm forward curve scenarios, price used in the contract\nweighted by the strike prices valuations would result\nof existing long-term deals in in a $2,149,000 increase\nthe portfolio to determine the or decrease in the fair\nfair value where a product does value liability.\nnot have an observable market\nprice.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n- Environmental contracts (114,340) Site specific forecast A 20% increase or decrease\n- fair value through profit generation to determine the in the generation forecasts\nor loss fair value where a product does used in the contract valuations\nnot have a fixed volume. would result in a $20,072,000\nincrease or decrease in fair\nvalue liability.\n  Source: `annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)`\n\n## Global Ideas and Case Study Inputs\n\n_No global-intelligence source text found yet. Run `CLAUDE/global-ideas-scraper.py <entity>` to populate case-study sources._\n\n## Source Artifacts Used\n\n- `annual-reports/2024-25.pdf` - annual-reports - https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf\n- `pages/about.html` - pages - https://www.stanwell.com/about-us\n- `pages/contact.html` - pages - https://www.stanwell.com/contact-us\n- `pages/homepage.html` - pages - https://www.stanwell.com/\n- `pages/media-releases-index.html` - pages - https://www.stanwell.com/info-hub/latest-news\n- `pages/media-releases-index__00.html` - pages - https://www.stanwell.com/info-hub/latest-news\n- `pages/media-releases-index__01.html` - pages - https://www.stanwell.com/info-hub/article/statement-regarding-queensland-energy-roadmap\n- `pages/media-releases-index__02.html` - pages - https://www.stanwell.com/info-hub/article/statement-regarding-the-cqh2-project\n- `pages/news-latest.html` - pages - https://www.stanwell.com/info-hub\n- `pages/priorities-index.html` - pages - https://www.stanwell.com/community\n- `other-pdfs/Application_Guide_-_Stanwell_Power_Station_Community_Partnership_Fund.pdf` - other-pdfs - https://assets.ctfassets.net/g6959sqmk0wu/5ouUGRbEPEwML2YzMk30R7/044657a5d6bff52e6c74f23bc423545e/Application_Guide_-_Stanwell_Power_Station_Community_Partnership_Fund.pdf\n- `other-pdfs/Application_Guide_-_Tarong_Community_Partnership_Fund.pdf` - other-pdfs - https://assets.ctfassets.net/g6959sqmk0wu/5RfCpEbkRJf5UtJOTI1QUk/f85f3c9b2d73fd35cb17bd6df6ed82c3/Application_Guide_-_Tarong_Community_Partnership_Fund.pdf\n- `other-pdfs/Application_Guide__-_Community_Sponsorship_Program.pdf` - other-pdfs - https://assets.ctfassets.net/g6959sqmk0wu/3Fj2aCiWfEcYW5Vjwe245c/efe4ff73d54fd748d817e0bd25219e42/Application_Guide__-_Community_Sponsorship_Program.pdf\n- `other-pdfs/SPS_-_Community_Newsletter_-_April_2026.pdf` - other-pdfs - https://assets.ctfassets.net/g6959sqmk0wu/7F5950dVQytAom8TfSDyVL/8f97037fdec7415f53956d415835dcc5/SPS_-_Community_Newsletter_-_April_2026.pdf\n- `other-pdfs/Community_Newsletter_Southern_Queensland_April_2026.pdf` - other-pdfs - https://assets.ctfassets.net/g6959sqmk0wu/4AIkIbm0kVHKeFot9NgvwQ/113685bdbc5276f226a92053471ee998/Community_Newsletter_Southern_Queensland_April_2026.pdf\n\n## Gaps To Fix\n\n- No corporate plan text source found.\n- No global comparison/case-study sources found.",
  "legislation_md": "# Stanwell Corporation - Acts and Legislation Discovery\n\n**Generated at**: 2026-05-09T21:37:44.588551+00:00\n**Entity ID**: S-QLD-044\n**Jurisdiction**: Queensland\n**Portfolio**: Energy\n\n> This is an evidence-based discovery list from scraped department material. A mention does not always mean the department administers the legislation; high-confidence and official register links should be reviewed.\n\n## Summary\n\n- Source files scanned: 15\n- Unique legislation references found: 16\n\n| Type | Count |\n|---|---:|\n| Act | 14 |\n| Regulation | 2 |\n\n## Legislation References\n\n### Owned Corporations Act 1993\n\n**Type**: Act\n**Confidence**: high\n**Mentions**: 4\n**Register search**: https://www.legislation.qld.gov.au/search?query=Owned+Corporations+Act+1993\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- behalf of,\nthe Queensland Auditor-General. The external disclosures\nauditor’s role is to provide an independent opinion\nthat Stanwell’s financial reports are true and\nIn line with the requirements of the Government\nfair and comply with applicable regulations.\nOwned Corporations Act 1993 (Qld), shareholding\nThe Auditor General has unfettered access and can\nMinisters are advised in a timely manner of all issues\nexamine and report to Parliament on the efficiency\nlikely to have a significant financial, operational,\nand effectiveness of any aspec\n  Source: `annual-reports/2024-25.pages.jsonl`\n- published on Stanwell’s website;\n• Stanwell applies a structured and comprehensive\n• an Annual Report (containing those matters\napproach to risk management to ensure that it\noutlined in section 120 of the Government\nachieves consistent and measurable results;\nOwned Corporations Act 1993 (Qld)) is\n• the risk environment is not static; therefore,\nprepared and issued to shareholders and\nour people should be aware of and respond\ninterested stakeholders and is published\nto internal or external changes and events\non Stanwell’s website;\nin an appro\n  Source: `annual-reports/2024-25.pages.jsonl`\n- ce management systems – Guidelines.\ngave notice under section 114 of the Government\nThe Board approved Compliance and Regulatory\n41 Corporate governance\n\n[page 41]\nSSttaannwweellll CCoorrppoorraattiioonn LLiimmiitteedd\nAAnnnnuuaall RReeppoorrtt 22002244//2255\nOwned Corporations Act 1993 that the following Corporate entertainment and hospitality\npolicies (as amended from time to time) will apply\n(individual events over $5,000)\nto Stanwell:\nCorporate entertainment and hospitality\n• the Building Policy Framework; expenditure over $5,000 for the\n  Source: `annual-reports/2024-25.pages.jsonl`\n- cents per share payable to the State Transmission constraints and fluctuating consumer\nof Queensland (as the owner of the shares in demand further compounded market dynamics,\naccordance with section 80 of the Government while global commodity price movements\nOwned Corporations Act 1993). continued to influence domestic coal and gas costs.\nDespite these challenges, Queensland maintained\nrelatively moderate wholesale electricity prices\ncompared to other NEM regions.\nWhile significant challenges remain, the energy\nshift presents many opportuni\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Accounting Standards, the Corporations Regulations 2001\n\n**Type**: Regulation\n**Confidence**: medium\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Accounting+Standards%2C+the+Corporations+Regulations+2001\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- Stanwell Corporation Limited\nAnnual Report 2024/25\nDirectors’ declaration\n30 June 2025\nIn the Directors’ opinion:\n(a) the financial statements and notes set out on pages 44 to 123 are in accordance with the\nCorporations Act 2001, including:\n(i) complying with Accounting Standards, the Corporations Regulations 2001 and other mandatory\nprofessional reporting requirements, and\n(ii) giving a true and fair view of the consolidated entity’s financial position as at 30 June 2025\nand of its performance for the financial year ended on that date, and\n(b) there are reasonable gro\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Australian Accounting Standards Board, the Corporations Act 2001\n\n**Type**: Act\n**Confidence**: medium\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Australian+Accounting+Standards+Board%2C+the+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- oration Limited\nAnnual Report 2024/25\n1. Material accounting policy information (continued)\nBasis of preparation\nThese general purpose financial statements have been prepared in accordance with Australian\nAccounting Standards and Interpretations issued by the Australian Accounting Standards Board,\nthe Corporations Act 2001 and the Queensland Government Owned Corporations Act 1993 (GOC Act).\nStanwell Corporation Limited is a for-profit entity for the purpose of preparing the financial statements.\nHistorical cost convention\nThe financial statements have been prepared under the hi\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Australian Accounting Standards and the Corporations Act 2001\n\n**Type**: Act\n**Confidence**: medium\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Australian+Accounting+Standards+and+the+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- esponsibilities of the Directors for the financial report\nThe directors of the company are responsible for the preparation of:\na) the financial report (other than the consolidated entity disclosure statement) that gives\na true and fair view in accordance with Australian Accounting Standards and the\nCorporations Act 2001; and\nb) the consolidated entity disclosure statement that is true and correct in accordance with\nthe Corporations Act 2001, and,\nfor such internal controls as the directors determine is necessary to enable the preparation\nof:\ni. the financial report (other th\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Australian Accounting Standards and the Corporations Regulations 2001\n\n**Type**: Regulation\n**Confidence**: medium\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Australian+Accounting+Standards+and+the+Corporations+Regulations+2001\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- ing financial report of the group is in accordance with the Corporations Act\n2001, including:\na) giving a true and fair view of the group’s financial position as at 30 June 2025, and its financial\nperformance for the year then ended; and\nb) complying with the Australian Accounting Standards and the Corporations Regulations 2001.\nBasis for opinion\nI conducted my audit in accordance with the Auditor-General Auditing Standards, which incorporate the\nAustralian Auditing Standards. My responsibilities under those standards are further described in the\nAuditor’s responsibilities for the a\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Constitution, the Group Corporations Act 2001\n\n**Type**: Act\n**Confidence**: medium\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Constitution%2C+the+Group+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- Corporation Limited\nAnnual Report 2024/25\nIndemnification and insurance of Officers Auditor’s Independence Declaration\nA copy of the auditor’s independence declaration,\nIndemnification and insurance as required under section 307C of the\nIn accordance with its Constitution, the Group Corporations Act 2001 (Cth), is set out on page 55.\nhas entered into a standard form Deed of Access,\nInsurance and Indemnity with the current directors\nRounding of amounts\nof the Group to indemnify them to the maximum\nextent permitted by law against all liabilities which The Compa\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Cth) and the Government Owned Corporations Act 1993\n\n**Type**: Act\n**Confidence**: medium\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Cth%29+and+the+Government+Owned+Corporations+Act+1993\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- iewed and, where necessary, updated to take\naccount of changes and other developments\nStanwell’s Constitution allows the Board to\nin the committees’ areas of responsibility.\ndelegate any of their powers as Directors (as\npermitted by the Corporations Act 2001 (Cth)\nand the Government Owned Corporations Act\n1993 (Qld)), including delegation to a committee\nCorporate governance 32\n\n[page 32]\nSSttaannwweellll CCoorrppoorraattiioonn LLiimmiitteedd\nAAnnnnuuaall RReeppoorrtt 22002244//2255\nEach committee meets several times a year, • review the performance of the internal\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Queensland Government Owned Corporations Act 1993\n\n**Type**: Act\n**Confidence**: medium\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Queensland+Government+Owned+Corporations+Act+1993\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- mation (continued)\nBasis of preparation\nThese general purpose financial statements have been prepared in accordance with Australian\nAccounting Standards and Interpretations issued by the Australian Accounting Standards Board,\nthe Corporations Act 2001 and the Queensland Government Owned Corporations Act 1993 (GOC Act).\nStanwell Corporation Limited is a for-profit entity for the purpose of preparing the financial statements.\nHistorical cost convention\nThe financial statements have been prepared under the historical cost convention, except for, where\napplicable, fi\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Standards, the Corporations Act 2001\n\n**Type**: Act\n**Confidence**: medium\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Standards%2C+the+Corporations+Act+2001\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- ial statements and notes to\nAuthority has been granted to the internal audit\nthe financial statements comply in all material\nfunction for full, free and unrestricted access\nrespects with the Australian Accounting\nto any and all of Stanwell’s records, physical\nStandards, the Corporations Act 2001, and other\nproperties and personnel relevant to any function\nprescribed requirements, and present a true\nunder review.\nand fair view of the company’s financial position\nThe internal audit personnel report to the Group and performance.\nManager Internal Audit.\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Income Tax Assessment Act 1997\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 2\n**Register search**: https://www.legislation.qld.gov.au/search?query=Income+Tax+Assessment+Act+1997\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- rulings\nset out in the Treasurer’s Tax Equivalents Manual. The National Tax Equivalents Regime gives rise\nto obligations which reflect in all material respects those obligations for taxation which would\nbe imposed by the Income Tax Assessment Act 1936 and the Income Tax Assessment Act 1997.\nIncome tax equivalent expense is made up of current tax equivalent expense and deferred tax\nequivalent expense. Current tax equivalent expense represents the expected tax payable on the\ntaxable income for the year, using current tax rates and any adjustment\n  Source: `annual-reports/2024-25.pages.jsonl`\n- Acts 2001 requires that the tax residency of each entity which is\nincluded in the Consolidated Entity Disclosure Statement (CEDS) be disclosed. In the context of an entity\nwhich was an Australian resident, “Australian resident” has the meaning provided in the Income Tax\nAssessment Act 1997. The determination of tax residency involves judgment as the determination of tax\nresidency is highly fact dependent and there are currently several different interpretations that could be\nadopted, and which could give rise to a different conclusion on reside\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Environmental Protection Act 1994\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Environmental+Protection+Act+1994\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- Group\nenvironmental regulation under both during the 2024/25 financial year and up to the\nCommonwealth and State legislation. date of this report:\nThe primary environmental State legislation\n• Paul Binsted;\ngoverning Stanwell’s activities in Queensland\nis the Environmental Protection Act 1994 (Qld) • Howard Morrison;\nand the Mineral Resources Act 1989 (Qld).\n• Jane Schmitt to 14 August 2025;\nStanwell prioritises environmental responsibility • John Thompson to 14 August 2025;\nand compliance with regulatory requirements.\n• Kara Cook to 19 December 2\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Income Tax Assessment Act 1936\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Income+Tax+Assessment+Act+1936\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- 9(4) of the GOC Act and are based upon rulings\nset out in the Treasurer’s Tax Equivalents Manual. The National Tax Equivalents Regime gives rise\nto obligations which reflect in all material respects those obligations for taxation which would\nbe imposed by the Income Tax Assessment Act 1936 and the Income Tax Assessment Act 1997.\nIncome tax equivalent expense is made up of current tax equivalent expense and deferred tax\nequivalent expense. Current tax equivalent expense represents the expected tax payable on the\ntaxable income for the year, usin\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Mineral Resources Act 1989\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Mineral+Resources+Act+1989\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- ial year and up to the\nCommonwealth and State legislation. date of this report:\nThe primary environmental State legislation\n• Paul Binsted;\ngoverning Stanwell’s activities in Queensland\nis the Environmental Protection Act 1994 (Qld) • Howard Morrison;\nand the Mineral Resources Act 1989 (Qld).\n• Jane Schmitt to 14 August 2025;\nStanwell prioritises environmental responsibility • John Thompson to 14 August 2025;\nand compliance with regulatory requirements.\n• Kara Cook to 19 December 2024;\nThe business operates under a comprehensive\nHealth, Saf\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Modern Slavery Act 2018\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Modern+Slavery+Act+2018\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- ct spend –\nwe also invest in industry capability uplift.\nDoing business with integrity, probity and\naccountability is important to us, and we expect\nour suppliers to commit to the same standards.\nOur Modern Slavery Statement is prepared in\naccordance with the Modern Slavery Act 2018,\nand is available on our website. It outlines our\napproach to ensuring that we have robust\nframeworks and processes in place to minimise\nthe risks of modern slavery in our business\noperations and supply chain.\nCustomers, partners and suppliers 22\n\n[page 22]\nS\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Security of Critical Infrastructure Act 2018\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Security+of+Critical+Infrastructure+Act+2018\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- agement, and equity,\ndiversity and inclusion strategies and plans; • a risk management framework which\nis regularly reviewed.\n• regularly discussing and having oversight of\nStanwell’s response to regulatory changes;\n• monitoring Stanwell’s compliance with\nits Security of Critical Infrastructure Act\n2018 obligations and the adequacy and\neffectiveness of its Critical Infrastructure\nRisk Management Program;\nCorporate governance 30\n\n[page 30]\nSSStttaaannnwwweeellllll CCCooorrrpppooorrraaatttiiiooonnn LLLiiimmmiiittteeeddd\nAAAnnnnnnuuuaaalll RRReeepppooorrrttt 22\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n### Superannuation Industry (Supervision) Act 1993\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.qld.gov.au/search?query=Superannuation+Industry+%28Supervision%29+Act+1993\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- ‘Trustee’). The Trustee is\nresponsible for managing the Fund for the benefit of all members, in accordance with the trust deed\nand relevant legislation. The Fund is regulated by the Australian Prudential Regulation Authority under\nthe Superannuation Industry (Supervision) Act 1993.\n83 Notes to the consolidated financial statements\n\n[page 83]\nStanwell Corporation Limited\nAnnual Report 2024/25\n11. Retirement benefit surplus (continued)\nApplication of accounting policies\nThe present value of the defined benefit obligation at the end of th\n  Source: `annual-reports/2024-25.pages.jsonl`\n\n## Files Scanned\n\n- `pages/about.html` (page)\n- `pages/contact.html` (page)\n- `pages/homepage.html` (page)\n- `pages/media-releases-index.html` (page)\n- `pages/media-releases-index__00.html` (page)\n- `pages/media-releases-index__01.html` (page)\n- `pages/media-releases-index__02.html` (page)\n- `pages/news-latest.html` (page)\n- `pages/priorities-index.html` (page)\n- `annual-reports/2024-25.pages.jsonl` (pdf_pages)\n- `other-pdfs/Application_Guide_-_Stanwell_Power_Station_Community_Partnership_Fund.pages.jsonl` (pdf_pages)\n- `other-pdfs/Application_Guide_-_Tarong_Community_Partnership_Fund.pages.jsonl` (pdf_pages)\n- `other-pdfs/Application_Guide__-_Community_Sponsorship_Program.pages.jsonl` (pdf_pages)\n- `other-pdfs/Community_Newsletter_Southern_Queensland_April_2026.pages.jsonl` (pdf_pages)\n- `other-pdfs/SPS_-_Community_Newsletter_-_April_2026.pages.jsonl` (pdf_pages)",
  "global_initiatives_md": null,
  "strategy": {
    "reporting_period": "2024-25",
    "corporate_plan_period": "2025-26",
    "vision": null,
    "vision_source_page": null,
    "purposes": "Our purpose is to be a major provider of electricity and energy solutions to Queensland, the National Electricity Market and large energy users throughout Australia. [AR p.5]",
    "purposes_source_page": 5,
    "how_we_deliver": "We achieve our purpose by adding dispatchable energy, renewable energy, and storage to our portfolio to continue supplying Queensland with affordable, reliable, and sustainable electricity as demand grows. [AR p.5]",
    "how_we_deliver_source_page": 5,
    "government_priorities": [
      {
        "text": "Ensuring that host communities benefit from the shift to renewable energy",
        "source_page": 5
      }
    ],
    "outcomes": [
      {
        "name": "Outcome 1: Reliable and affordable electricity",
        "description": "Ensuring a secure and commercial coal supply is managed to support the high availability and capacity of our power stations and into the future. [AR p.10]",
        "key_activities": [
          "Operating our Tarong and Stanwell power stations",
          "Acquiring 100 per cent of the up to 120 MW Lockyer Energy Gas project"
        ],
        "source_page": 10
      },
      {
        "name": "Outcome 2: Diversified renewable energy portfolio",
        "description": "Diversifying our portfolio by adding firming and renewable projects to the mix, including both offtake agreements and projects in which we have equity. [AR p.18]",
        "key_activities": [
          "Acquiring energy produced by Wambo Wind Farm",
          "Locking in a 15-year power purchase agreement with Genex Power for a 550 MW offtake from the Bulli Creek Solar Farm"
        ],
        "source_page": 18
      }
    ],
    "values": [
      "WE CARE",
      "WE ADAPT",
      "WE DELIVER"
    ],
    "values_framework_name": "Stanwell’s values",
    "kpi_targets_2025_26": [
      {
        "code": "CCE01",
        "measure": "Return on equity",
        "target": "16.8%",
        "source_page": 13
      },
      {
        "code": "CCE02",
        "measure": "Cost of energy",
        "target": "64.40 $/MWh sold",
        "source_page": 13
      },
      {
        "code": "CCE03",
        "measure": "Operating profit",
        "target": "198.5M $",
        "source_page": 13
      },
      {
        "code": "CCE04",
        "measure": "EBIT",
        "target": "531.3M $",
        "source_page": 13
      },
      {
        "code": "CCE05",
        "measure": "Net profit after tax",
        "target": "354.3M $",
        "source_page": 13
      },
      {
        "code": "CCE06",
        "measure": "Capital expenditure",
        "target": "1,223.9M $",
        "source_page": 13
      },
      {
        "code": "CCE07",
        "measure": "Total debt to total capital",
        "target": "41.7%",
        "source_page": 13
      },
      {
        "code": "CCE08",
        "measure": "EBITDA debt service coverage",
        "target": "3.85 times",
        "source_page": 13
      }
    ],
    "kpi_results_2024_25": [
      {
        "code": "CCE01",
        "measure": "Return on equity",
        "result": "20.5%",
        "status": "Achieved",
        "source_page": 14
      },
      {
        "code": "CCE02",
        "measure": "Cost of energy",
        "result": "69.65 $/MWh sold",
        "status": "Achieved",
        "source_page": 14
      },
      {
        "code": "CCE03",
        "measure": "Operating profit",
        "result": "235.3M $",
        "status": "Achieved",
        "source_page": 14
      },
      {
        "code": "CCE04",
        "measure": "EBIT",
        "result": "623.1M $",
        "status": "Achieved",
        "source_page": 14
      },
      {
        "code": "CCE05",
        "measure": "Net profit after tax",
        "result": "429.2M $",
        "status": "Achieved",
        "source_page": 14
      },
      {
        "code": "CCE06",
        "measure": "Capital expenditure",
        "result": "800.3M $",
        "status": "Achieved",
        "source_page": 14
      },
      {
        "code": "CCE07",
        "measure": "Total debt to total capital",
        "result": "33.7%",
        "status": "Achieved",
        "source_page": 14
      },
      {
        "code": "CCE08",
        "measure": "EBITDA debt service coverage",
        "result": "3.89 times",
        "status": "Achieved",
        "source_page": 14
      }
    ],
    "_source_urls": {
      "annual_report_url": "https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf",
      "corporate_plan_url": ""
    }
  },
  "ideas": [
    {
      "entity_id": "S-QLD-044",
      "entity_name": "Stanwell Corporation",
      "folder_name": "Stanwell-Corporation",
      "category": "Risk & Assurance",
      "scale": "small",
      "title": "Recommendation tracker for audits, reviews, and inquiries",
      "idea": "Publish a single internal tracker for audit/review recommendations, owners, due dates, and implementation evidence.",
      "quote": "Support Teams Risk, Compliance, Business Internal Audit External Audit\nCorporate Teams (within Divisional Continuity, Financial Control, Regulator\n(front line) and Corporate Teams) Security, Health, Safety and\nWellbeing, Information\nSecurity, etc.\n• Identify, take and • Monitor and test risk • Develop and facilitate • Provide independent\nmanage risks in management effective risk management assurance on the\nday-to-day activities. activities performed and control policies. effectiveness of\nby A. governance, risk\n• Execute risk and • Independently challenge\nmanagement, and internal\ncontrol procedures on • Monitor compliance and oversee the 1st line of\ncontrols, including the\na day-to-day basis. with the organisation’s defence.\nmanner in which the other\nrisk appetite, risk\n• Ensure risks are within • Monitor and report risk lines of defence achieve\nmanagement and",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "Executives / assurance teams",
      "source": "annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)",
      "implementation": [
        "Pick one high-volume process or document family.",
        "Name an owner and baseline current volume, time, cost, and satisfaction.",
        "Run a 4-8 week pilot with clear before/after metrics.",
        "Publish lessons and decide whether to scale."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Regulatory capture",
        "Over-automation of judgement"
      ]
    },
    {
      "entity_id": "S-QLD-044",
      "entity_name": "Stanwell Corporation",
      "folder_name": "Stanwell-Corporation",
      "category": "Risk & Assurance",
      "scale": "large",
      "title": "Integrated assurance and lessons-learned system",
      "idea": "Create an assurance system that connects audit findings, risk registers, delivery reviews, and investment decisions.",
      "quote": "Support Teams Risk, Compliance, Business Internal Audit External Audit\nCorporate Teams (within Divisional Continuity, Financial Control, Regulator\n(front line) and Corporate Teams) Security, Health, Safety and\nWellbeing, Information\nSecurity, etc.\n• Identify, take and • Monitor and test risk • Develop and facilitate • Provide independent\nmanage risks in management effective risk management assurance on the\nday-to-day activities. activities performed and control policies. effectiveness of\nby A. governance, risk\n• Execute risk and • Independently challenge\nmanagement, and internal\ncontrol procedures on • Monitor compliance and oversee the 1st line of\ncontrols, including the\na day-to-day basis. with the organisation’s defence.\nmanner in which the other\nrisk appetite, risk\n• Ensure risks are within • Monitor and report risk lines of defence achieve\nmanagement and",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Executives / assurance teams",
      "source": "annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)",
      "implementation": [
        "Create a senior responsible owner and cross-functional delivery team.",
        "Map legislation, data, privacy, procurement, cyber, and workforce constraints.",
        "Co-design with users and frontline staff before technology selection.",
        "Stage delivery through pilots, benefits tracking, and public reporting."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Regulatory capture",
        "Over-automation of judgement"
      ]
    },
    {
      "entity_id": "S-QLD-044",
      "entity_name": "Stanwell Corporation",
      "folder_name": "Stanwell-Corporation",
      "category": "Data & Performance",
      "scale": "small",
      "title": "KPI evidence register with named owners",
      "idea": "Create a simple register mapping each KPI to source data, owner, frequency, target, and last result.",
      "quote": "Financial performance measures\nCorporate measures 2024/25 actual 2024/25 target 2023/24 actual\nOperating profit ($M) 235.3 198.5 293.5\nEBIT ($M) 623.1 531.3 874.4\nNet profit after tax ($M) 429.2 354.3 594.4\nCapital expenditure3 ($M) 800.3 1,223.9 806.8\nTotal debt to total capital (%)4 33.7 41.7 34.3\nEBITDA debt service coverage (times)5 3.89 3.85 5.80\n3 Capital expenditure includes both sustaining and renewable capital.",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "Executives / Parliament / public",
      "source": "annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)",
      "implementation": [
        "Pick one high-volume process or document family.",
        "Name an owner and baseline current volume, time, cost, and satisfaction.",
        "Run a 4-8 week pilot with clear before/after metrics.",
        "Publish lessons and decide whether to scale."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability"
      ]
    },
    {
      "entity_id": "S-QLD-044",
      "entity_name": "Stanwell Corporation",
      "folder_name": "Stanwell-Corporation",
      "category": "Data & Performance",
      "scale": "large",
      "title": "Outcome dashboard linking budget, delivery, and public impact",
      "idea": "Build a public-facing outcome dashboard showing spend, outputs, outcomes, and delivery confidence.",
      "quote": "Financial performance measures\nCorporate measures 2024/25 actual 2024/25 target 2023/24 actual\nOperating profit ($M) 235.3 198.5 293.5\nEBIT ($M) 623.1 531.3 874.4\nNet profit after tax ($M) 429.2 354.3 594.4\nCapital expenditure3 ($M) 800.3 1,223.9 806.8\nTotal debt to total capital (%)4 33.7 41.7 34.3\nEBITDA debt service coverage (times)5 3.89 3.85 5.80\n3 Capital expenditure includes both sustaining and renewable capital.",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Executives / Parliament / public",
      "source": "annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)",
      "implementation": [
        "Create a senior responsible owner and cross-functional delivery team.",
        "Map legislation, data, privacy, procurement, cyber, and workforce constraints.",
        "Co-design with users and frontline staff before technology selection.",
        "Stage delivery through pilots, benefits tracking, and public reporting."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability"
      ]
    },
    {
      "entity_id": "S-QLD-044",
      "entity_name": "Stanwell Corporation",
      "folder_name": "Stanwell-Corporation",
      "category": "Procurement & Delivery",
      "scale": "small",
      "title": "Procurement lessons library for repeat purchases",
      "idea": "Capture reusable procurement clauses, market lessons, supplier performance notes, and common evaluation criteria.",
      "quote": "Stanwell calls for new apprentices and trainees\n14 July 2025\nMega delivery marks major milestone for Stanwell big battery\nMedia releases\nBattery storage\nMega delivery marks major milestone for Stanwell big battery\n10 July 2025\nTarong fund powers more community projects\nMedia releases\nCommunities\nTarong fund powers more community projects\n02 July 2025\nStatement regarding the Central Queensland Hydrogen Project (CQ-H2)\nMedia releases\nStatement regarding the Central Queensland Hydrogen Project (CQ-H2)\n29 June 2025\nLooking for a career energy boost?",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "Delivery teams / suppliers",
      "source": "pages/media-releases-index.html (https://www.stanwell.com/info-hub/latest-news)",
      "implementation": [
        "Pick one high-volume process or document family.",
        "Name an owner and baseline current volume, time, cost, and satisfaction.",
        "Run a 4-8 week pilot with clear before/after metrics.",
        "Publish lessons and decide whether to scale."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability"
      ]
    },
    {
      "entity_id": "S-QLD-044",
      "entity_name": "Stanwell Corporation",
      "folder_name": "Stanwell-Corporation",
      "category": "Procurement & Delivery",
      "scale": "large",
      "title": "Portfolio delivery office for major investments",
      "idea": "Stand up a portfolio delivery office that tracks benefits, risks, dependencies, procurement, and delivery confidence.",
      "quote": "Stanwell calls for new apprentices and trainees\n14 July 2025\nMega delivery marks major milestone for Stanwell big battery\nMedia releases\nBattery storage\nMega delivery marks major milestone for Stanwell big battery\n10 July 2025\nTarong fund powers more community projects\nMedia releases\nCommunities\nTarong fund powers more community projects\n02 July 2025\nStatement regarding the Central Queensland Hydrogen Project (CQ-H2)\nMedia releases\nStatement regarding the Central Queensland Hydrogen Project (CQ-H2)\n29 June 2025\nLooking for a career energy boost?",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Delivery teams / suppliers",
      "source": "pages/media-releases-index.html (https://www.stanwell.com/info-hub/latest-news)",
      "implementation": [
        "Create a senior responsible owner and cross-functional delivery team.",
        "Map legislation, data, privacy, procurement, cyber, and workforce constraints.",
        "Co-design with users and frontline staff before technology selection.",
        "Stage delivery through pilots, benefits tracking, and public reporting."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability"
      ]
    },
    {
      "entity_id": "S-QLD-044",
      "entity_name": "Stanwell Corporation",
      "folder_name": "Stanwell-Corporation",
      "category": "Regulation & Policy",
      "scale": "small",
      "title": "Regulatory burden scan for forms, guidance, and reporting",
      "idea": "Identify the top 10 highest-friction reporting obligations and simplify guidance, forms, or evidence requirements.",
      "quote": "[Page 40]\nSSttaannwweellll CCoorrppoorraattiioonn LLiimmiitteedd\nAAnnnnuuaall RReeppoorrtt 22002244//2255\nStanwell’s climate-related risk profile (both physical Management Policy outlines Stanwell’s commitment\nand transitional) will change over time. to ensuring that Stanwell is able to meet all of its\ncompliance obligations and appropriately respond\nThe Audit and Risk Management Committee\nto any compliance and/or regulatory issues.\nreceives presentations from management at each\nmeeting on Stanwell’s material strategic risks (both\nfinancial and non-financial), the controls in place to Principle eight\nmanage those risks and actions to reduce the risk\nRemunerate fairly and\nto the target level within a prescribed timeframe.\nresponsibly\nStanwell has implemented several other\npolicies that directly or indirectly serve to\nmitigate and manage risk, including the Trading",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "Regulated entities / policy teams",
      "source": "annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)",
      "implementation": [
        "Pick one high-volume process or document family.",
        "Name an owner and baseline current volume, time, cost, and satisfaction.",
        "Run a 4-8 week pilot with clear before/after metrics.",
        "Publish lessons and decide whether to scale."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Regulatory capture",
        "Over-automation of judgement"
      ]
    },
    {
      "entity_id": "S-QLD-044",
      "entity_name": "Stanwell Corporation",
      "folder_name": "Stanwell-Corporation",
      "category": "Regulation & Policy",
      "scale": "large",
      "title": "Adaptive regulation program with live feedback loops",
      "idea": "Create an adaptive regulation model using sandboxes, industry data, risk scoring, and regular rule updates.",
      "quote": "[Page 40]\nSSttaannwweellll CCoorrppoorraattiioonn LLiimmiitteedd\nAAnnnnuuaall RReeppoorrtt 22002244//2255\nStanwell’s climate-related risk profile (both physical Management Policy outlines Stanwell’s commitment\nand transitional) will change over time. to ensuring that Stanwell is able to meet all of its\ncompliance obligations and appropriately respond\nThe Audit and Risk Management Committee\nto any compliance and/or regulatory issues.\nreceives presentations from management at each\nmeeting on Stanwell’s material strategic risks (both\nfinancial and non-financial), the controls in place to Principle eight\nmanage those risks and actions to reduce the risk\nRemunerate fairly and\nto the target level within a prescribed timeframe.\nresponsibly\nStanwell has implemented several other\npolicies that directly or indirectly serve to\nmitigate and manage risk, including the Trading",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Regulated entities / policy teams",
      "source": "annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)",
      "implementation": [
        "Create a senior responsible owner and cross-functional delivery team.",
        "Map legislation, data, privacy, procurement, cyber, and workforce constraints.",
        "Co-design with users and frontline staff before technology selection.",
        "Stage delivery through pilots, benefits tracking, and public reporting."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Regulatory capture",
        "Over-automation of judgement"
      ]
    },
    {
      "entity_id": "S-QLD-044",
      "entity_name": "Stanwell Corporation",
      "folder_name": "Stanwell-Corporation",
      "category": "Citizen Services",
      "scale": "small",
      "title": "Plain-language service pages and proactive status updates",
      "idea": "Rewrite high-volume pages and letters into plain language, add status notifications, and measure contact reduction.",
      "quote": "This process has so far culminated in Stanwell\nexecuting 23 development pipeline agreements\nDuring 2025, we introduced several new products\n(DPAs) (as at 30 June 2025) with renewable energy\nto the commercial and industrial market,\nand firming developers.\nincluding our:\nThe DPA frames the interactions Stanwell has\n• Onsite solar and battery solution ranging from\nwith the developer in a way that facilitates good\n100 kW to 5 MW, allowing our customers to\ncommercial outcomes and provides detailed\nlower their electricity bills, have reliable backup\nproject information, as well as transparency\npower to avoid disruptions, and the ability\nof the development timeline.\nto generate revenue by connecting to virtual\npower plants;\nIn this way, Stanwell can manage its portfolio\n• Electric vehicle charging solution for businesses, requirements and facilitate access to the best",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "Citizens / service users",
      "source": "annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)",
      "implementation": [
        "Pick one high-volume process or document family.",
        "Name an owner and baseline current volume, time, cost, and satisfaction.",
        "Run a 4-8 week pilot with clear before/after metrics.",
        "Publish lessons and decide whether to scale."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Digital exclusion",
        "Low public trust if feedback is not acted on"
      ]
    },
    {
      "entity_id": "S-QLD-044",
      "entity_name": "Stanwell Corporation",
      "folder_name": "Stanwell-Corporation",
      "category": "Citizen Services",
      "scale": "large",
      "title": "Single front door for life-event based services",
      "idea": "Bundle services around life events so citizens can complete related steps across agencies in one journey.",
      "quote": "This process has so far culminated in Stanwell\nexecuting 23 development pipeline agreements\nDuring 2025, we introduced several new products\n(DPAs) (as at 30 June 2025) with renewable energy\nto the commercial and industrial market,\nand firming developers.\nincluding our:\nThe DPA frames the interactions Stanwell has\n• Onsite solar and battery solution ranging from\nwith the developer in a way that facilitates good\n100 kW to 5 MW, allowing our customers to\ncommercial outcomes and provides detailed\nlower their electricity bills, have reliable backup\nproject information, as well as transparency\npower to avoid disruptions, and the ability\nof the development timeline.\nto generate revenue by connecting to virtual\npower plants;\nIn this way, Stanwell can manage its portfolio\n• Electric vehicle charging solution for businesses, requirements and facilitate access to the best",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Citizens / service users",
      "source": "annual-reports/2024-25.pdf (https://assets.ctfassets.net/g6959sqmk0wu/65aQQ0IB5Vtms8wTSw2Swc/edabcc0dd9837cdb15470e5c75859ead/Stanwell_Corporation_-_Annual_Report_-_2024-25.pdf)",
      "implementation": [
        "Create a senior responsible owner and cross-functional delivery team.",
        "Map legislation, data, privacy, procurement, cyber, and workforce constraints.",
        "Co-design with users and frontline staff before technology selection.",
        "Stage delivery through pilots, benefits tracking, and public reporting."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Digital exclusion",
        "Low public trust if feedback is not acted on"
      ]
    },
    {
      "entity_id": "S-QLD-044",
      "entity_name": "Stanwell Corporation",
      "folder_name": "Stanwell-Corporation",
      "category": "Citizen Participation",
      "scale": "small",
      "title": "Consultation feedback summaries with response tracking",
      "idea": "Summarise consultation submissions by theme and publish what changed in response.",
      "quote": "CONTACT DETAILS\nCALL US: 1800 300 351\nBRISBANE OFFICE\n+61 7 3228 4333\nSTANWELL POWER STATION\n+61 7 4930 3444\nTARONG POWER STATION\n+61 7 4160 9444\nMEANDU MINE\n+61 7 4160 7250\nMEDIA\n1800 531 877\nEMAIL US:\ninfo@stanwell.com\nSTANWELL PROCUREMENT\nibuy@stanwell.com\nSTANWELL ENERGY SOLUTIONS\nretailsales@stanwell.com\nSTANWELL ASSET MAINTENANCE\nsamco@stanwell.com\nCOMMUNITY QUERIES SOUTHERN QLD\nsouthernengagements@stanwell.com\nCOMMUNITY QUERIES CENTRAL QLD\ncentralengagements@stanwell.com\nCAREERS\ncareers@stanwell.com\nMEDIA QUERIES\nmedia@stanwell.com\nADDRESS:\nStanwell Corporation\nLevels 2-4 180 Ann Street\nBrisbane, QLD\n4000\nGOOGLE MAP\nPOST:\nStanwell Corporation\nPO Box 800\nBrisbane, QLD\n4001\nSubscribe to our newsletter\nSTANWELL SPARK\nStay up to date with quarterly news from Stanwell, delivered straight to your inbox.",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "Citizens / stakeholders / policy teams",
      "source": "pages/contact.html (https://www.stanwell.com/contact-us)",
      "implementation": [
        "Pick one high-volume process or document family.",
        "Name an owner and baseline current volume, time, cost, and satisfaction.",
        "Run a 4-8 week pilot with clear before/after metrics.",
        "Publish lessons and decide whether to scale."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Digital exclusion",
        "Low public trust if feedback is not acted on"
      ]
    },
    {
      "entity_id": "S-QLD-044",
      "entity_name": "Stanwell Corporation",
      "folder_name": "Stanwell-Corporation",
      "category": "Citizen Participation",
      "scale": "large",
      "title": "Always-on policy participation platform",
      "idea": "Create a standing participation platform where citizens and stakeholders can propose, vote, and track ideas.",
      "quote": "CONTACT DETAILS\nCALL US: 1800 300 351\nBRISBANE OFFICE\n+61 7 3228 4333\nSTANWELL POWER STATION\n+61 7 4930 3444\nTARONG POWER STATION\n+61 7 4160 9444\nMEANDU MINE\n+61 7 4160 7250\nMEDIA\n1800 531 877\nEMAIL US:\ninfo@stanwell.com\nSTANWELL PROCUREMENT\nibuy@stanwell.com\nSTANWELL ENERGY SOLUTIONS\nretailsales@stanwell.com\nSTANWELL ASSET MAINTENANCE\nsamco@stanwell.com\nCOMMUNITY QUERIES SOUTHERN QLD\nsouthernengagements@stanwell.com\nCOMMUNITY QUERIES CENTRAL QLD\ncentralengagements@stanwell.com\nCAREERS\ncareers@stanwell.com\nMEDIA QUERIES\nmedia@stanwell.com\nADDRESS:\nStanwell Corporation\nLevels 2-4 180 Ann Street\nBrisbane, QLD\n4000\nGOOGLE MAP\nPOST:\nStanwell Corporation\nPO Box 800\nBrisbane, QLD\n4001\nSubscribe to our newsletter\nSTANWELL SPARK\nStay up to date with quarterly news from Stanwell, delivered straight to your inbox.",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Citizens / stakeholders / policy teams",
      "source": "pages/contact.html (https://www.stanwell.com/contact-us)",
      "implementation": [
        "Create a senior responsible owner and cross-functional delivery team.",
        "Map legislation, data, privacy, procurement, cyber, and workforce constraints.",
        "Co-design with users and frontline staff before technology selection.",
        "Stage delivery through pilots, benefits tracking, and public reporting."
      ],
      "risks": [
        "Privacy and data quality",
        "Change fatigue",
        "Unclear accountability",
        "Digital exclusion",
        "Low public trust if feedback is not acted on"
      ]
    }
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