---
title: "Eco Atlantic FY26 net loss widens to US$7.51 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293565617.md"
description: "Eco Atlantic Oil & Gas reported a widened FY26 net loss of US$7.51 million, up from US$2.28 million previously. Operating losses increased to US$6.97 million due to higher costs and a US$1.53 million license impairment. The company holds US$10.75 million in cash with no debt. Key developments include Navitas exercising its Block 1 CBK option and Eco farming down 60% of Namibia PEL97/99/100 to BP for US$2.7 million."
datetime: "2026-07-23T06:02:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293565617.md)
  - [en](https://longbridge.com/en/news/293565617.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293565617.md)
generator: "portal-rs"
---

# Eco Atlantic FY26 net loss widens to US$7.51 million

-   Eco (Atlantic) Oil & Gas posted a net loss of US$7.51 million, widening from US$2.28 million a year earlier. \* Operating loss widened to US$6.97 million; operating costs rose to US$2.88 million, with a US$1.53 million Sharon license impairment. \* Cash and cash equivalents climbed to US$10.75 million; total assets rose to US$30.68 million, with no debt reported. \* Non-operating items included a US$4.97 million fair-value loss on warrant liability, partly offset by a US$4.43 million reversal of associate impairment. \* Navitas exercised its Block 1 CBK option, conditional on approvals and a US$4 million payment; Eco also agreed to farm down 60% of Namibia PEL97/99/100 to BP for US$2.7 million. 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. Eco (Atlantic) Oil & Gas Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202607230200ACCESSWRNAPR\_\_\_\_\_1195252) on July 23, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**