Central Petroleum lifts underlying profit, reshapes portfolio with new gas contracts

The latest announcement is out from Central Petroleum Limited ( (AU:CTP) ).

Central Petroleum reported a strong underlying performance for the half year to 31 December 2025, with sales revenue up 17% to $22.1 million and underlying profit after tax rising 17% to $2.5 million, despite lower production volumes. A $4.2 million impairment linked to its withdrawal from exploration permit EP82 pushed the company to a statutory net loss of $1.7 million, though operating cash flow improved and net cash increased to $5.3 million.

The company strengthened its market position through new and expanded gas sales arrangements and a strategic shift in its asset portfolio. It signed a firm gas sales agreement for 2026–27, advanced a long-term supply arrangement with the Northern Territory’s Power and Water Corporation to secure offtake through 2034, acquired interests in Cooper and Otway basin permits with several wells planned, and agreed conditionally to sell two Northern Territory sub-salt exploration permits, collectively enhancing cash flow visibility and refocusing its exploration exposure.

The most recent analyst rating on (AU:CTP) stock is a Buy with a A$0.11 price target. To see the full list of analyst forecasts on Central Petroleum Limited stock, see the AU:CTP Stock Forecast page.

More about Central Petroleum Limited

Central Petroleum Limited is an ASX-listed Australian oil and gas producer and the largest onshore gas operator in the Northern Territory, supplying gas to customers across central and northern Australia. The company also pursues growth through exploration, appraisal and development projects in the Amadeus, Cooper and onshore Otway basins, targeting some of the country’s key hydrocarbon regions.

Average Trading Volume: 1,058,798

Technical Sentiment Signal: Buy

Current Market Cap: A$69.25M

For an in-depth examination of CTP stock, go to TipRanks’ Overview page.