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Central Petroleum Limited (ASX:CTP)

ALERT: Price-sensitive ASX Announcement for CTP
Current share price for CTP : $0.068 0.008 (13.33%)+
Announcement
Release
17 Sep 2025 6:10PM
Price at Release
$0.060
Full Release
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Summary
Central Petroleum Limited reported significantly improved financial results for the fiscal year ending 30 June 2025. Key achievements included securing new long-term gas contracts with the Northern Territory Government, which enhanced cash flows, and commissioning two new production wells at Mereenie, which exceeded production targets. The company restructured its loan facility to eliminate refinancing risk and announced its first shareholder returns via a share buy-back. Financial highlights include a 17% increase in sales revenue to $43.6 million, a 43% increase in underlying EBITDAX to $19.6 million, and a turnaround to a statutory net profit of $7.7 million. Central plans to leverage its strong financial position for production expansion, exploration, and potentially sustainable dividends.
Key Points
  • Significant improvement in financial results for FY2025.
  • Secured new long-term gas contracts with Northern Territory Government.
  • Commissioned two new production wells at Mereenie.
  • Restructured loan facility to eliminate refinancing risk.
  • Announced shareholder returns via a share buy-back.
  • Sales revenue increased by 17% to $43.6 million.
  • Underlying EBITDAX rose by 43% to $19.6 million.
  • Statutory net profit was $7.7 million.
  • Plans for production expansion and potential sustainable dividends.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.