Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 111.60M | 148.65M | 106.76M | 70.58M | 77.46M |
Gross Profit | 55.19M | 66.77M | 50.73M | 20.52M | 19.36M |
EBITDA | 42.30M | 147.95M | 99.56M | 39.57M | 42.02M |
Net Income | 25.90M | 43.85M | 24.33M | 4.51M | -56.99M |
Balance Sheet | |||||
Total Assets | 205.28M | 184.64M | 183.50M | 186.92M | 172.95M |
Cash, Cash Equivalents and Short-Term Investments | 52.57M | 43.49M | 44.08M | 44.44M | 26.09M |
Total Debt | 25.86M | 8.21M | 1.23M | 12.42M | 24.96M |
Total Liabilities | 122.03M | 89.08M | 84.29M | 76.64M | 89.57M |
Stockholders Equity | 83.24M | 95.55M | 99.21M | 110.28M | 83.38M |
Cash Flow | |||||
Free Cash Flow | 54.52M | 40.50M | 44.07M | 16.15M | 29.64M |
Operating Cash Flow | 64.22M | 71.05M | 53.97M | 23.31M | 37.97M |
Investing Cash Flow | -36.01M | -31.88M | ― | ― | ― |
Financing Cash Flow | -19.22M | -39.81M | -44.40M | ― | -25.05M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
74 Outperform | $325.06M | 15.04 | 17.20% | 103.08% | -28.47% | -67.00% | |
47 Neutral | AU$167.50M | ― | -3.68% | ― | ― | 72.09% | |
44 Neutral | AU$1.42B | -7.04 | -23.02% | 8.33% | 5.33% | -26.92% | |
― | $134.10M | 13.42 | 3.89% | ― | ― | ― | |
― | $185.07M | ― | -16.84% | ― | ― | ― | |
― | $52.55M | ― | 10.46% | ― | ― | ||
35 Underperform | AU$378.45M | ― | -10.88% | ― | ― | 56.73% |
Horizon Oil Limited has successfully reached financial close on an amended senior debt facility with Macquarie Bank, which includes Tranches A and B1 totaling approximately US$21.5 million. The funds are intended to support the completion of a Thailand acquisition and further development of secured assets. This strategic move is backed by recent well results and strategic gas sales agreements, positioning Horizon for enhanced operational capabilities and market presence.
Horizon Oil Limited has finalized an amendment to its senior debt facility agreement with Macquarie Bank to finance its acquisition of interests in the Sinphuhorm and Nam Phong gas fields in Thailand. This transaction, conducted through a consortium with Matahio Energy, is expected to add approximately 2,000 boe/d to Horizon’s production and significantly reduce the cash consideration required. The amended debt facility provides Horizon with increased financial flexibility and liquidity, supporting further development of its resources and enhancing its industry positioning.
Horizon Oil Limited has successfully commenced production from the A9H infill well in the WZ12-8 Mid field, located in Block 22/12 in the Beibu Gulf, China. This development marks a significant achievement for the company as it not only targets unswept oil in the primary U4 reservoir but also unexpectedly tapped into the shallower U1 reservoir, potentially increasing oil recovery. The initial production from the U1 reservoir is promising, with a gross flow rate of 372 barrels of oil per day, and the company plans to book reserves consistent with pre-drill estimates. This advancement underscores Horizon’s strategic efforts to enhance production capabilities and optimize resource recovery within the joint venture framework.
Horizon Oil Limited has announced the appointment of Catherine Costello as a new director, effective from June 1, 2025. This appointment is part of the company’s ongoing efforts to strengthen its leadership team, although currently, Catherine Costello does not hold any relevant interests in the company’s securities.
Horizon Oil Limited has appointed Catherine Costello as an independent non-executive director, effective June 1, 2025, as part of a planned board refresh. Costello, who brings over 25 years of experience in the resources industry, will replace Sandra Birkensleigh as Chair of the Audit Committee following Birkensleigh’s retirement later in 2025. This transition aims to ensure continuity and strengthen the board’s financial expertise.
Horizon Oil Limited has announced a change in the interests of its substantial holder, Spheria Asset Management Pty Ltd. As of May 28, 2025, Spheria’s voting power in Horizon Oil has decreased from 6.70% to 5.66%, reflecting a reduction in their holding of ordinary fully paid shares. This change may impact Horizon Oil’s shareholder dynamics and could have implications for its corporate governance and decision-making processes.
Horizon Oil Limited reported steady production and financial performance for the quarter ending 31 March 2025. The company paid an interim dividend and maintained robust cash reserves, supported by successful infill drilling at Mereenie and strategic acquisition of gas fields in Thailand. This acquisition marks a significant re-entry into the Thai market, expected to enhance production and provide stable cash flow. The company’s balance sheet remains strong, with continued investment in asset growth and shareholder returns.
Horizon Oil Limited has commenced a 2025 infill drilling operation in Block 22/12, Beibu Gulf, China, with a COSL-owned rig mobilized for a one-well campaign. This operation aims to recover incremental oil from an existing field, with an estimated recovery of 0.4 million barrels gross, of which Horizon’s net share is 0.1 million barrels. The project, operated by CNOOC, is expected to enhance production growth and will be funded from Horizon’s existing cash reserves, reflecting the company’s commitment to expanding its production capabilities.