Otto Energy Cashes In on FY26 Amid Oil Price Boost

Otto Energy Limited has wrapped up its fiscal year FY26 on a strong note, reporting increased cash and profit despite a slight dip in revenue.

The Australia-headquartered oil and gas producer saw net operating revenue come in at US$15.2 million for the period, down from the previous year but boosted by improved operational efficiency and reduced overheads.

The company's adjusted EBITDA stood at US$6.9 million, while its net profit after tax surged to US$4.1 million. Notably, Otto Energy ended the year debt-free with a cash balance of US$23.2 million.

Otto Energy's oil production remained steady despite lower gas volumes and prices, thanks to debottlenecking, improved gas lift, and other cost-effective interventions across its Gulf of America assets.