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Horizon Oil Limited
(OTC:HZN)
Horizon Oil Limited (HZN) vs. iShares MSCI Australia ETF (EWA)
Horizon Oil Limited Business Overview & Revenue Model
Horizon Oil Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 77.95M | 104.13M | 111.60M | 148.65M | 106.76M | 70.58M |
| Gross Profit | 18.03M | 27.37M | 55.19M | 66.77M | 50.73M | 20.52M |
| EBITDA | 21.87M | 22.83M | 42.30M | 147.95M | 99.56M | 39.57M |
| Net Income | 8.94M | 12.25M | 25.90M | 43.85M | 24.33M | 4.51M |
Balance Sheet | ||||||
| Total Assets | 180.16M | 180.16M | 205.28M | 184.64M | 183.50M | 186.92M |
| Cash, Cash Equivalents and Short-Term Investments | 39.78M | 39.78M | 52.57M | 43.49M | 44.08M | 44.44M |
| Total Debt | 25.66M | 25.66M | 25.86M | 8.21M | 1.23M | 12.42M |
| Total Liabilities | 114.86M | 114.86M | 122.03M | 89.08M | 84.29M | 76.64M |
| Stockholders Equity | 65.30M | 65.30M | 83.24M | 95.55M | 99.21M | 110.28M |
Cash Flow | ||||||
| Free Cash Flow | 15.59M | 20.86M | 54.52M | 40.50M | 44.07M | 16.15M |
| Operating Cash Flow | 28.83M | 35.89M | 64.22M | 71.05M | 53.97M | 23.31M |
| Investing Cash Flow | -15.61M | -16.52M | -36.01M | -31.88M | ― | ― |
| Financing Cash Flow | -25.30M | -32.06M | -19.22M | -39.81M | -44.40M | ― |
Horizon Oil Limited Technical Analysis
Horizon Oil Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | AU$317.38M | 16.81 | 16.49% | 15.38% | -4.57% | -52.65% | |
47 Neutral | AU$152.55M | -60.48 | -4.74% | ― | ― | 70.00% | |
47 Neutral | $164.60M | 46.00 | 1.40% | ― | ― | ― | |
35 Underperform | AU$754.78M | -9.79 | ― | ― | ― | ― |
Horizon Oil Limited Corporate Events
Horizon Oil Limited announced a change in the director’s interest, specifically concerning Richard Beament, who has acquired additional Long Term Performance Rights. This adjustment results from the company’s unfranked dividend declaration, impacting the director’s securities holdings and reflecting the company’s ongoing financial strategies.
Horizon Oil Limited announced the issuance of 2,083,877 unquoted share rights as part of an employee incentive scheme. This move is not intended for quotation on the ASX and reflects the company’s strategy to align employee interests with its long-term growth objectives, potentially strengthening its operational framework and stakeholder engagement.
Horizon Oil Limited has announced a gas supply agreement with McArthur River Mining through the Mereenie joint venture, securing 4.9 Petajoules of gas for 2026 and 2027. This agreement ensures a stable revenue stream with firm supply and fixed pricing, while also allowing for the sale of additional volumes, reinforcing Horizon’s position as a dependable energy provider in the region.
Echelon Resources Limited announced a gas supply agreement with McArthur River Mining Pty Ltd, involving 2.1 Petajoules of firm gas and ‘as available’ gas to be supplied in 2026 and 2027. This agreement, part of the Mereenie joint venture, includes take-or-pay provisions and pricing indexed to CPI, highlighting Echelon’s strategic positioning in supplying critical energy resources to significant industrial operations in the Northern Territory.
Horizon Oil Limited has announced its 2025 Annual General Meeting, scheduled for November 19, 2025, in Sydney, with a live webcast option available. This meeting is a significant event for shareholders, providing an opportunity to engage with the company’s strategic direction and operational updates.
Horizon Oil Limited has released a presentation at the RIU Good Oil & Gas Energy Conference held in Perth, which highlights its current operations and strategic initiatives. This announcement underscores Horizon Oil’s commitment to engaging with industry stakeholders and enhancing its market positioning through active participation in key industry events.
Horizon Oil Limited announced a change in the director’s interest, specifically for Richard Beament, involving the acquisition of 703,260 fully paid ordinary shares and the disposal of 1,326,906 deferred STI rights. This transaction, valued at $274,515.69, reflects a strategic adjustment in the director’s holdings, potentially impacting the company’s governance and signaling confidence in the company’s future prospects.
Horizon Oil Limited announced the issuance of 2,286,537 fully paid ordinary shares to settle obligations under the company’s Deferred Short-Term Incentive (STI) Framework. This move is part of the company’s financial strategy to manage employee obligations, as detailed in their 2024 and 2025 Annual Financial Reports, potentially impacting its financial positioning and stakeholder relations.
Horizon Oil Limited announced the retirement of Sandra Birkensleigh from its Board as part of a planned Board refresh. Birkensleigh, who served over nine years and held key roles including Chair of the Audit Committee, is succeeded by Catherine Costello. The transition reflects Horizon’s ongoing strategic adjustments to strengthen its governance and operational oversight.
Horizon Oil Limited has released its Corporate Governance Statement, detailing the company’s commitment to robust governance practices. The Board is responsible for overseeing company strategy, performance, and compliance with governance standards, including diversity and environmental social governance priorities. The statement highlights the Board’s role in strategic guidance, financial oversight, and management appointments, emphasizing the importance of diversity and effective management processes. This governance framework aims to enhance the company’s reputation and ensure resource availability for senior management, impacting stakeholders positively by fostering transparency and accountability.
Horizon Oil Limited’s 2025 Sustainability Report highlights significant progress in its Environmental, Social, and Governance (ESG) Action Plan, including a 15% increase in production from the Mereenie gas field and the acquisition of interests in two Thai gas fields. The company has executed new gas sales agreements with the Northern Territory Government, ensuring a steady supply of gas to support local industries and communities. Additionally, Horizon has made strides in community engagement and emissions reduction initiatives, reflecting its commitment to sustainability and the global energy transition.
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.
Horizon Oil Limited is an Australian company operating in the oil and gas sector, focusing on petroleum production, development, and exploration across several regions including Australia, New Zealand, China, and Thailand. In its latest earnings report for the financial year 2025, Horizon Oil Limited highlighted a strong performance with a total shareholder return of 25% and significant strategic acquisitions, notably in Thailand. The company successfully integrated the Mereenie asset and completed the acquisition of Exxon’s Thailand assets, which added approximately 2,100 barrels of oil equivalent per day to its production base. Key financial metrics included a statutory profit after tax of US$12.2 million, sales revenue of US$105.3 million, and an EBITDAX of US$54.8 million. The company also declared a total dividend of AUD 3.0 cents per share for the year. Looking forward, Horizon Oil Limited remains focused on maximizing free cash flow from its diversified asset base, continuing shareholder returns, and exploring growth opportunities, while maintaining a strong financial position.
Horizon Oil Limited has announced that the Maari Joint Venture has received a ten-year extension for the PMP 38160 permit from New Zealand Petroleum & Minerals, extending its term to December 2037. This extension allows the joint venture to continue economic production, explore production enhancement opportunities, and plan for the project’s decommissioning. The extension is seen as a significant milestone, providing stability and certainty for stakeholders amidst increased focus on energy security in New Zealand. Recent production increases at the Maari oilfield underscore the value of the extension, aligning with recent legislative changes aimed at boosting sector investment.
Horizon Oil Limited has announced a shareholder briefing scheduled for 28 August 2025, where the FY25 Full Year Financial Results will be discussed via a live audio webcast. Additionally, the company has set the date for its Annual General Meeting on 19 November 2025, with further details to be provided later.
Horizon Oil Limited has completed the acquisition of a 7.5% interest in the Sinphuhorm gas field and a 60% interest in the Nam Phong gas field, both located onshore in Thailand. This strategic acquisition is expected to significantly enhance Horizon Oil’s operational capabilities and strengthen its position in the Southeast Asian energy market, potentially offering increased value to its stakeholders.
Horizon Oil Limited has completed the acquisition of a 7.5% interest in the Sinphuhorm gas field and a 60% interest in the Nam Phong gas field in Thailand, adding approximately 2,100 barrels of oil equivalent per day to its production. This acquisition, executed through a consortium with Matahio Energy, positions Horizon for growth in Thailand and Southeast Asia, offering stable cash flow and potential for further development, while maintaining a low-cost platform and limited abandonment obligations.
Horizon Oil Limited’s 2025 Reserves and Resources Statement reports a 9% decrease in net Proved + Probable (2P) Reserves, primarily due to production activities, offset by a life extension project at the Maari field. The company experienced a strong production year with 1.6 MMboe, despite a natural decline in China oil production. The statement also highlights a significant acquisition in Thailand, expected to add materially to Horizon’s reserves, although these will be formally booked in the next report. This acquisition and the ongoing projects underscore Horizon’s strategic efforts to stabilize and potentially grow its resource base, impacting its industry positioning and stakeholder interests.