Horizon Oil Limited has released its detailed remuneration report for key management personnel (KMP), outlining executive compensation and governance practices for the financial year ended 30 June 2026. The report provides comprehensive disclosures on the remuneration of KMP, including short-term employee benefits, post-employment benefits, and share-based payments.
Material actions and disclosures
The total key management personnel remuneration for the financial year was US$2,387,718, a decrease from US$2,512,286 in the previous year. The report also highlights the remuneration of external auditors, with fees paid or payable to PWC Australia totaling US$311,325 and to KPMG Australia totaling US$264,824.
The report outlines the remuneration framework for executives, which is based on principles for guiding the Group’s decisions regarding executive remuneration. Executives were eligible for a possible Short-Term Incentive (STI) award equal to 100% of their total STI opportunity due to the outstanding company performance during the year. The final STI awards for executives were settled in a combination of cash and deferred STI rights.
Horizon’s Corporate Governance Statement was approved by the Board on 27 August 2026, and the Company’s Sustainability Report was also approved on the same date. The report emphasizes the importance of sustainability and progress made during the current financial year on Horizon’s Environmental Social and Governance (ESG) Action Plan.
The Company continues to monitor Australia’s climate-related financial disclosure framework and is actively preparing for the mandatory compliance requirement for Group 3 reporting entities, which will commence for the reporting period beginning 1 July 2027.
Horizon Oil Limited’s detailed remuneration report for the financial year ended 30 June 2026 is available on the Company’s website at www.horizonoil.com.au.