With projected/targetted NPAT for FY26, does this target...

With projected/targetted NPAT for FY26, does this target accomodate or include any expected provisions/benefits from the PWC case? If the PWC case is successful for Pioneer, will this non-recurring item be excluded from the FY26 LTIP NPAT target?


It's a reasonable question and I don't have a definitive answer, however I would note two things:

1. Any writebacks of the PDP writedown in the FY24 are not part of the LTI NPAT target, which I read as a general rule on goosing NPAT to hit the LTI.

2. There is a waterfall chart that shows the path to FY26 $18m NPAT and doesn't include any settlement profit.

Those two taken together would lead me to believe that a one off gain like the PwC case are not part of the LTI, but as I said I don't know for certain.