HELLENIQ ENERGY FINANCE PLC

1. HELLENIQ ENERGY FINANCE PLC 2023-07-25 → present
2. HELLENIC PETROLEUM FINANCE PLC 2005-11-02 → 2023-07-25

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 31 December 2024, HELLENIQ ENERGY Finance PLC had net current liabilities of €553,098 (2023: net current assets of €23,848,703). The Company's receivables are predominantly intercompany loans, the recovery of which is used to enable the Company to satisfy its obligations under its borrowings consisting of Eurobonds. Loans provided by the Company reflect the maturity of the loans raised from the capital markets by the Company. Also, the Company may ask the counterparties to repay either part of their loans or the whole loan for restructuring purposes among the Group companies and always after considering the counterparty's ability to repay the respective amount at a given point in time. The borrower must repay the loan on demand by the lender at any time. All loans shall, if not demanded previously, be repaid after a number of years specified in each agreement (see also Note 9). The Company is therefore reliant on the wider HELLENIQ ENERGY Group to repay its borrowings as they become due. In addition, the Parent Company and HELLENIQ Petroleum S.A. (former HELPE R.S.S.O.P.P. S.A.) have provided a guarantee for the repayment of the Eurobonds. The Directors have obtained a joint letter of support from the Parent Company and a fellow subsidiary. This letter states that HELLENIQ ENERGY Holdings S.A. and HELLENIQ Petroleum S.A. (former HELPE R.S.S.O.P.P. S.A.) will provide financial support to HELLENIQ Energy Finance PLC for a period until 30 June 2026. The Company Directors are confident with the Group's financial performance as of the date of authorization of these Financial Statements. The actual KPIs are aligned with forecast assumptions, supporting the ability to honour the provided letter of support. Through this analysis, the Company's Directors have satisfied themselves that the Company can continue its operational existence through to 30 June 2026 and beyond and that the use of the going concern assumption is appropriate for the preparation of the financial statements.”

Significant events

• “In July 2024, HEF issued a €450 million 5-year Eurobond due on July 2029, fully guaranteed by HELLENIQ ENERGY Holdings S.A. and HELLENIQ Petroleum S.A.”
• “The new notes were combined with a simultaneous tender offer for cash to the holders of the previous notes of a total outstanding amount of €600 million, which carried a fixed coupon of 2% and matured in October 2024.”
• “Following the tender offer process, in October 2024, HEF fully repaid on maturity date the outstanding balance of €300 million.”
• “In April 2025, the United States government announced significant new economic policies, including the implementation of varying import tariffs based on the exporting country.”
• “Since then, all major financial markets including commodities and bonds have experienced increased volatility, indicating heightened levels of investor uncertainty on the impact that the new policies will have.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -60.2%

  £1,206,466 → £480,029

• Net assets

  +5.9%

  £20,673,286 → £21,899,223

• Employees

  —

  Not reported

• Profit before tax

  -58.5%

  £3,938,333 → £1,634,583

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers