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The latest update is out from Otto Energy Limited ( (AU:OEL) ).
Otto Energy Limited reported its financial results for the fiscal year ending June 30, 2025, highlighting a net operating revenue of US$15.6 million, a decrease from the previous year due to lower crude prices and production declines. Despite these challenges, the company achieved a net profit after tax of US$0.7 million and maintained a debt-free status with enhanced liquidity, including a cash balance of US$14.9 million. The company is committed to streamlining its corporate structure and maximizing revenue from its assets, with recent changes in executive leadership, including the appointment of Chris Dorros as CEO.
More about Otto Energy Limited
Otto Energy Limited is an energy company operating in the oil and gas industry, focusing on maximizing revenues from its existing asset base and reducing costs. The company has offices in Australia and Houston, Texas, and is listed on the Australian Securities Exchange (ASX: OEL).
Technical Sentiment Signal: Hold
Current Market Cap: A$21.58M
For an in-depth examination of OEL stock, go to TipRanks’ Overview page.