• Completed acquisition of Thailand assets, boosting production and cashflow
• Maintained strong operating cost discipline, with cash costs of ~US$20/boe
• Declared AUD 1.5 cents per share interim dividend, continuing shareholder returns

Horizon Oil Ltd has reported its financial results for the half-year ended 31 December 2025, highlighting a robust operational and financial performance. The company completed the acquisition of a 75% interest in the Sinphuhorm and Nam Phong gas fields in Thailand, which contributed to a 26% increase in net working interest production and a 25% increase in sales volumes compared to the prior corresponding period. Underlying revenue for the half-year was US$54.2 million, comprising US$9.6 million from the Thailand assets and US$44.6 million from the group's pre-existing assets. Despite a 15% reduction in the realised oil price, the company maintained its strong operating cost discipline, with cash costs of approximately US$20 per barrel of oil equivalent. EBITDAX for the half-year was US$28.6 million, in line with the prior period, while cashflow from operating activities increased by 37% to US$25.1 million. The company's financial position remains robust, with cash reserves of US$35.6 million and a modest net debt position of US$9.8 million at the end of the period. Horizon Oil also declared an interim unfranked dividend of AUD 1.5 cents per share, continuing its track record of shareholder returns.

The company has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.

The company has not provided any comprehensive forward-looking outlook statements in the announcement.