Horizon Oil Delivers Record Production Volumes Amid Strategic Expansion

Horizon Oil Limited () presented its fiscal 2026 results on August 27, 2026, showcasing a transformational year marked by record production volumes and strategic acquisitions that expanded the company's footprint across five Asia-Pacific countries. The company delivered record net production of 2.15 million barrels of oil equivalent (MMboe) in FY26, representing a 33% increase from 1.62 MMboe in the prior year.

The Thailand acquisition added 3.9 MMboe of 2P reserves at the January 1, 2025 effective date, with subsequent activities increasing reserves by an additional 0.8 MMboe. The Cue Energy Resources acquisition contributed 2.6 MMboe of acquired 2P reserves.

Underlying revenue totaled US$107.2 million, broadly in line with the prior year's US$105.3 million, despite higher volumes. EBITDAX reached US$56.4 million compared to US$54.8 million in FY25, while operating cash flow increased 32% to US$47.2 million from US$35.9 million.