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Karoon Energy Ltd (ASX:KAR)

ALERT: Price-sensitive ASX Announcement for KAR
Current share price for KAR : $1.395 -0.24 (-14.68%)+
Announcement
Release
26 Feb 2026 9:35AM
Price at Release
$1.635
Full Release
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Summary
In 2025, Karoon Energy Ltd reported a 16% total shareholder return, driven by operational performance and strategic acquisitions. The company focused on enhancing its Baúna FPSO's efficiency and plans to transition operatorship by mid-2026. Despite a weaker commodity environment, Karoon maintained strong cash margins and a low breakeven oil price of US$31/boe. The company's production remained stable at 10.3 MMboe, supported by improvements in FPSO reliability and reduced emissions. Financial highlights included a sales revenue of US$628.6 million and a final dividend of 3.1 Australian cents per share, reflecting a payout ratio of 25% of underlying NPAT. Karoon's outlook for 2026 anticipates full operational control of Baúna FPSO and further production enhancements.
Key Points
  • 16% total shareholder return in 2025.
  • Operational performance and strategic acquisitions, notably Baúna FPSO.
  • Baúna FPSO efficiency improvements and planned operatorship transition by mid-2026.
  • Stable production at 10.3 MMboe in 2025.
  • Sales revenue of US$628.6 million in 2025.
  • Final dividend of 3.1 Australian cents per share for 2025.
  • Strong cash margins and low breakeven oil price of US$31/boe.
  • Anticipation of full operational control of Baúna FPSO in 2026.
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.