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Central Petroleum Limited ( (AU:CTP) ) has shared an update.
Central Petroleum Limited announced an on-market share buy-back program, leveraging its strong financial performance and cash reserves. The company reported a 28% increase in revenue for the second half of FY2025, driven by new production wells and long-term gas sale agreements, resulting in a record net operating cash flow of $6.3 million in the June quarter. The buy-back, marking Central’s first return of capital to shareholders, aims to purchase up to 10% of its issued capital over a 12-month period starting 15 September 2025. This move reflects Central’s confidence in its financial position and future cash flows, with additional plans for capital allocation, including growth initiatives and a sustainable dividend program.
More about Central Petroleum Limited
Central Petroleum Limited is an established ASX-listed Australian oil and gas producer with exploration and appraisal permits in the Northern Territory. It is the largest onshore gas operator in the NT, supplying residential and industrial customers in the NT and the wider Australian east coast market. The company aims to become a major domestic energy supplier, focusing on helium and naturally occurring hydrogen, with extensive exploration and development plans across significant tenements in the NT, including the Amadeus Basin.
Average Trading Volume: 467,259
Technical Sentiment Signal: Hold
Current Market Cap: A$40.99M
For detailed information about CTP stock, go to TipRanks’ Stock Analysis page.