Karoon Energy (ASX:KAR) plans to buy back a further $75 million of its shares this year, according to a Thursday filing with the Australian bourse.
Shareholders will vote on the plan at the annual general meeting in May.
Further, the board eyes capital returns this year comprising semi-annual dividends of 20% to 40% of underlying net profit after tax. This is on top of the said $75 million additional buyback and the existing $25 million share repurchases announced in October 2024.
Karoon Energy's shares were up over 6% in recent Thursday trade.
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