CHK Oil Issues Profit Warning; Projects HK$15.40 Million Interim Loss on Higher Impairment Provisions

Bulletin Express08-27

CHK Oil Limited has alerted shareholders and potential investors to expect a loss attributable to owners of approximately HK$15.40 million for the six months ended 30 June 2026 (1H 2026), widening from the HK$11.10 million loss recorded in the same period of 2025.

The escalated deficit is primarily driven by an estimated HK$3.90 million increase in impairment provisions for trade and other receivables, stemming from longer ageing of outstanding balances and the resulting rise in expected credit losses.

Management emphasised that the figures are derived from unaudited consolidated management accounts and are subject to review. The interim results are scheduled for release by the end of August 2026 in compliance with Hong Kong Listing Rules.

Stakeholders are advised to exercise caution in any dealings involving CHK Oil shares pending the formal publication of the interim results.

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