CHK OIL (00632) Announces Annual Results: Turns to Profit with HK$16.23 Million Attributable to Owners

Stock News03-31

CHK OIL (00632) has disclosed its annual financial results for the period ending December 31, 2025. The group reported revenue of HK$58.797 million, representing a decrease of 61.6% compared to the previous year. Profit attributable to owners of the company was HK$16.232 million, a significant turnaround from a loss of HK$21.482 million in the same period last year. Basic earnings per share stood at 1.88 HK cents.

According to the announcement, the shift from a net loss attributable to owners last fiscal year to a net profit this year is primarily attributed to the reversal of impairment losses. A total of HK$51.4 million in impairment losses related to the group's oil and gas assets and intangible assets at its oil and gas field in Utah was reversed.

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