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Central Petroleum Limited ( (AU:CTP) ) just unveiled an announcement.
Central Petroleum Limited has reported a significant improvement in its financial results for the year ending June 2025, with a 43% increase in underlying EBITDAX to $19.6 million and a net profit after tax of $7.7 million. The company’s robust financial performance is attributed to new long-term gas contracts, successful drilling operations, and a restructured loan facility, leading to enhanced cash flows and the first shareholder returns through a share buy-back program. These developments position Central Petroleum for potential growth through production expansion, exploration, and strategic financial management.
More about Central Petroleum Limited
Central Petroleum Limited is an ASX-listed Australian oil and gas producer, primarily operating in the Northern Territory (NT). It is the largest onshore gas operator in the NT, supplying both residential and industrial customers across the NT and the wider Australian east coast market. The company is focused on becoming a major domestic energy supplier, with plans for exploration, appraisal, and development across extensive tenements in the NT, including significant onshore conventional gas prospects in the Amadeus Basin.
Average Trading Volume: 569,611
Technical Sentiment Signal: Buy
Current Market Cap: A$45.92M
Find detailed analytics on CTP stock on TipRanks’ Stock Analysis page.