CHK Oil expects FY2025 net profit at least HK$16 million

Reuters03-30

CHK Oil expects FY2025 net profit at least HK$16 million

CHK Oil forecast net profit attributable to owners of at least HK$ 16 million for year ended Dec. 31, 2025, versus net loss of about HK$ 22 million a year earlier.
Outlook driven mainly by expected reversal of impairment on Utah oil and gas properties, estimated at about HK$ 51 million.
FY2024 results included one-off lease termination penalty of about HK$ 5 million, not expected to recur.
Receivables impairment expected to reverse by about HK$ 0.2 million, versus impairment charge of about HK$ 6 million in prior year.
Annual results announcement scheduled for March 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CHK Oil Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260330-12077621), on March 30, 2026, and is solely responsible for the information contained therein.

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