Australia · Delayed Price · Currency is AUD Horizon Oil Earnings Call Transcripts
Fiscal Year 2026
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Strong half-year results driven by disciplined cost control, Thailand asset integration, and portfolio diversification offset lower oil prices. Production and cash flow rose, with new investments and permit extensions supporting future growth.
Fiscal Year 2025
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The meeting highlighted strong financial results, robust dividends, and successful strategic acquisitions, notably in Thailand and Australia. Board renewal and governance enhancements were addressed, with all resolutions recommended for approval. Management emphasized disciplined growth, diversification, and risk management.
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FY25 delivered strong operational and financial results, with production and reserves boosted by the Thailand acquisition and a 10-year Maari permit extension. Despite lower oil prices, robust cash flow supported dividends and growth investments.
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Production and sales volumes rose 11% year-over-year, driven by the Mereenie acquisition, with strong free cash flow and a robust balance sheet supporting a 15% annualized dividend yield. Ongoing asset upgrades and drilling programs are set to sustain production and cash flow.
Fiscal Year 2024
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The meeting highlighted strong financial results, continued dividend payments, and successful asset acquisitions. Leadership transitions were announced, with a focus on disciplined growth, infill drilling, and maintaining robust cash flow. Voting on all resolutions was conducted by poll.
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A transformative year saw the addition of the Mereenie asset, doubling reserves and diversifying production. Strong free cash flow and robust dividends were maintained, with a net cash position and continued investment in growth and ESG initiatives.