Key points
- Record production and sales volumes of 2.15 MMboe and 1.98 MMboe, respectively
- Underlying revenue of US$107.2 million, up 2%
- Final unfranked dividend of AUD 1.0 cent per share
- Acquisition of Exxon's Thailand upstream business
- Off-market takeover of Cue Energy Resources Limited
Full summary
Horizon Oil Ltd announced its financial results for the year ended 30 June 2026. The company reported record production and sales volumes of 2.15 MMboe and 1.98 MMboe, respectively, up 33% and 22% on the previous year. Underlying revenue was US$107.2 million, 2% higher than the previous year, including US$23.0 million from the newly acquired Thailand assets. The company also announced a final unfranked dividend of AUD 1.0 cent per share, to be paid in October 2026. Key highlights include the acquisition of Exxon's Thailand upstream business, which added interests in the Sinphuhorm and Nam Phong gas fields, and the off-market takeover of Cue Energy Resources Limited, securing a 57.03% controlling interest. The company's 2P reserves increased 51% to 13.6 MMboe, primarily due to the acquisitions.
Guidance
Underlying revenue of US$107.2 million for FY26
Outlook
Horizon is entering a new phase of growth, supported by an active investment and operational programme designed to unlock further value across the portfolio and enhancing the long-term sustainability of the business.