Santos Ltd (STO) — Free Cash Flow Generation Index
Latest as of December 2025:
0.17x
Santos Ltd (STO) has a Free Cash Flow Generation Index of 0.17x as of December 2025. Free cash flow of AU$190.61 Million represents 0% of operating cash flow (AU$1.12 Billion). Read total liabilities of Santos Ltd for a breakdown of total debt and financial obligations.
FCF Generation Index
0.17x
Free Cash Flow / Operating CF
Free Cash Flow
AU$190.61 Million
AUD
Operating Cash Flow
AU$1.12 Billion
AUD
Capital Expenditures
AU$930.22 Million
AUD
Santos Ltd Free Cash Flow Generation Index (1991–2025)
Historical FCF Generation Index trend for Santos Ltd across 35 annual periods. Explore reinvestment intensity of Santos Ltd to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Santos Ltd (1991–2025)
Year-by-year Free Cash Flow Generation Index for Santos Ltd. For the full company profile including market capitalisation, see market value of Santos Ltd.
| Year | FCG Index | Free Cash Flow (AUD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.24x | AU$642.66 Million | AU$2.65 Billion | AU$2.00 Billion | ▲ +54.2% |
| 2024 | 0.16x | AU$449.00 Million | AU$2.85 Billion | AU$2.40 Billion | ▼ -42.3% |
| 2023 | 0.27x | AU$889.00 Million | AU$3.26 Billion | AU$2.37 Billion | ▼ -51.1% |
| 2022 | 0.56x | AU$2.15 Billion | AU$3.86 Billion | AU$1.71 Billion | ▲ +8.4% |
| 2021 | 0.51x | AU$1.17 Billion | AU$2.27 Billion | AU$1.10 Billion | ▼ -41.1% |
| 2020 | 0.87x | AU$1.29 Billion | AU$1.48 Billion | AU$186.00 Million | ▲ +0.0% |
| 2019 | 0.87x | AU$1.79 Billion | AU$2.05 Billion | AU$258.00 Million | ▼ -9.5% |
| 2018 | 0.97x | AU$2.16 Billion | AU$2.24 Billion | AU$76.00 Million | ▲ +190.2% |
| 2017 | 0.33x | AU$340.77 Million | AU$1.02 Billion | AU$683.00 Million | ▼ -32.2% |
| 2016 | 0.49x | AU$643.41 Million | AU$1.31 Billion | AU$667.00 Million | ▲ +178.6% |
| 2015 | -0.62x | AU$-561.70 Million | AU$899.59 Million | AU$1.46 Billion | ▲ +22.2% |
| 2014 | -0.80x | AU$-1.23 Billion | AU$1.53 Billion | AU$2.76 Billion | ▲ +58.5% |
| 2013 | -1.93x | AU$-2.49 Billion | AU$1.29 Billion | AU$3.78 Billion | ▼ -136.2% |
| 2012 | -0.82x | AU$-1.45 Billion | AU$1.77 Billion | AU$3.22 Billion | ▼ -16.9% |
| 2011 | -0.70x | AU$-912.39 Million | AU$1.30 Billion | AU$2.21 Billion | ▼ -86.1% |
| 2010 | -0.38x | AU$-472.19 Million | AU$1.25 Billion | AU$1.73 Billion | ▲ +4.2% |
| 2009 | -0.39x | AU$-434.98 Million | AU$1.11 Billion | AU$1.54 Billion | ▼ -267.0% |
| 2008 | 0.24x | AU$337.93 Million | AU$1.44 Billion | AU$1.10 Billion | ▲ +355.8% |
| 2007 | -0.09x | AU$-97.88 Million | AU$1.06 Billion | AU$1.16 Billion | ▼ -151.4% |
| 2006 | 0.18x | AU$217.55 Million | AU$1.22 Billion | AU$999.21 Million | ▼ -38.1% |
| 2005 | 0.29x | AU$316.32 Million | AU$1.10 Billion | AU$778.79 Million | ▲ +186.5% |
| 2004 | -0.33x | AU$-158.89 Million | AU$475.77 Million | AU$634.66 Million | ▼ -304.9% |
| 2003 | 0.16x | AU$111.11 Million | AU$681.77 Million | AU$570.66 Million | ▲ +18.5% |
| 2002 | 0.14x | AU$62.01 Million | AU$450.90 Million | AU$388.89 Million | ▲ +215.7% |
| 2001 | -0.12x | AU$-37.56 Million | AU$315.98 Million | AU$353.54 Million | ▼ -132.7% |
| 2000 | 0.36x | AU$220.79 Million | AU$607.29 Million | AU$386.50 Million | ▲ +96.3% |
| 1999 | 0.19x | AU$62.92 Million | AU$339.78 Million | AU$276.86 Million | ▼ -67.9% |
| 1998 | 0.58x | AU$154.84 Million | AU$268.69 Million | AU$113.85 Million | ▲ +4.4% |
| 1997 | 0.55x | AU$157.31 Million | AU$284.94 Million | AU$127.63 Million | ▲ +222.5% |
| 1996 | 0.17x | AU$58.55 Million | AU$341.96 Million | AU$283.41 Million | ▼ -62.2% |
| 1995 | 0.45x | AU$120.88 Million | AU$266.78 Million | AU$145.90 Million | ▲ +52.7% |
| 1994 | 0.30x | AU$84.55 Million | AU$285.00 Million | AU$200.44 Million | ▼ -13.3% |
| 1993 | 0.34x | AU$97.97 Million | AU$286.26 Million | AU$188.29 Million | ▼ -29.3% |
| 1992 | 0.48x | AU$124.90 Million | AU$257.86 Million | AU$132.96 Million | ▲ +34.6% |
| 1991 | 0.36x | AU$87.18 Million | AU$242.28 Million | AU$155.10 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).