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The latest update is out from New Zealand Oil & Gas Limited ( (AU:ECH) ).
Echelon Resources Limited reported a significant financial performance for the year ending June 2025, with a 34% increase in revenue to A$115.3 million and a 26% rise in production volumes. The company’s net profit after tax, excluding impairments and exploration expenditure, rose by 42% to A$16.5 million. The increase in production and revenue is attributed to the acquisition of an additional 25% interest in the Mereenie field and successful drilling operations. Despite a 12% decline in group NPAT, Echelon’s operating cash flows surged by 62%, reflecting strong commodity prices and increased production. The company announced a final dividend of AUD 0.75 cents per share, prioritizing reinvestment into strategic growth initiatives to enhance long-term shareholder value.
More about New Zealand Oil & Gas Limited
Echelon Resources Limited is a company in the oil and gas industry, focusing on production and exploration activities. It operates primarily in the Mereenie field in the Amadeus Basin, Northern Territory, and has interests in Indonesia and New Zealand through its subsidiary Cue.
Average Trading Volume: 12,805
Technical Sentiment Signal: Sell
Current Market Cap: A$77.26M
For detailed information about ECH stock, go to TipRanks’ Stock Analysis page.