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Horizon Oil Limited ( (AU:HZN) ) has issued an update.
Horizon Oil Limited reported strong financial results for the year ending June 2025, highlighted by a 13% increase in production volumes and a final dividend of AUD 1.5 cents per share. The company’s acquisition of the Mereenie asset and Thailand production assets significantly contributed to production growth, while the Maari field received a ten-year permit extension, ensuring continued operations and strategic planning. Despite a slight decrease in production revenue due to lower oil prices, Horizon maintained robust cash flow and continued its strategy of returning value to shareholders while investing in production growth.
More about Horizon Oil Limited
Horizon Oil Limited operates in the energy sector, focusing on the exploration, development, and production of oil and gas. The company has a significant presence in New Zealand and South-East Asia, with key assets including the Maari oil field in New Zealand and recent acquisitions in Thailand, which have bolstered its production capabilities.
Average Trading Volume: 1,273,630
Technical Sentiment Signal: Buy
Current Market Cap: A$341.3M
See more insights into HZN stock on TipRanks’ Stock Analysis page.