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Why Did Karoon Energy’s Profit Halve Despite Rising Asset Value?
9:50am on Thursday 26th of February, 2026 AEDT
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Energy
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Why Did Karoon Energy’s Profit Halve Despite Rising Asset Value?
9:50am on Thursday 26th of February, 2026 AEDT
Key Points
Revenue declined 19% to US$628.6 million in 2025
Net profit after tax halved to US$125.5 million
Underlying net profit also fell sharply
Net tangible asset backing per share rose to $1.38
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Karoon Energy (ASX:KAR)
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