Horizon Oil posted a half-year statutory profit after tax of US$18.3 million ($28 million).

The company declared an interim dividend of 1.51 Australian cents per share. The company announced further distributions, implying a total return of around $24 million.

 The company reported sales revenue of US$66.1 million ($101.1 million). EBITDAX stood at US$44 million ($67.3 million), supported by strong oil prices, disciplined spending, and efficient operations.

Horizon Oil plans to invest in production growth through drilling in Block 22/12 and workover operations in the Maari field, aiming to enhance short to medium-term production rates and extend field life.