Horizon Oil Ltd Reports FY25 Results
Key points
- Strong EBITDAX of $45.6 million
- Robust cash flow from operating activities
- Significant increase in sales revenue and volumes
Full summary
Horizon Oil Ltd has announced its FY25 results, delivering a strong operational and financial performance. The company reported an EBITDAX of $45.6 million, a 5.5% increase compared to the previous year. Cash flow from operating activities remained robust at $29.6 million, while total FY25 dividends reached $3.9 million. Sales volumes increased by 22% to 5.5 MMboe, driving a 28% rise in sales revenue to $45.6 million. The company's disciplined cost management and operational efficiencies contributed to these positive results. Horizon Oil continues to focus on sustainable growth, investing in its core assets and exploring new opportunities to create long-term value for shareholders.
Summary generated by a large language model. Please interpret with care.