SHELL QGC HOLDINGS LIMITED

1. SHELL QGC HOLDINGS LIMITED 2017-10-03 → present
2. BG 456 LIMITED 2008-05-07 → 2017-10-03
3. ALNERY NO. 2775 LIMITED 2008-04-09 → 2008-05-07

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

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In determining the appropriate basis of preparation of the financial statements, the Directors are required to consider whether the Company can continue in operational existence over the period to 31 December 2026 (the 'going concern period'). The Directors have considered the potential risks and uncertainties relating to ongoing geo-political events and its related economic impact on the Company's business, credit, market, and liquidity position. Based on the above, together with the Directors knowledge and experience of the market, the Directors consider it appropriate to prepare the financial statements for the year ended 31 December 2024 on a going concern basis.”

Group structure

1. SHELL QGC HOLDINGS LIMITED · parent
   1. QGC Holdings 2 Pty Ltd 100% · Australia
   2. QGC Holdings 3 Pty Ltd 100% · Australia
   3. QGC Upstream Holdings Pty Ltd 100% · Australia
   4. QGC Midstream Holdings Pty Ltd 100% · Australia
   5. Shell QGC Midstream 1 Limited 100% · United Kingdom
   6. Shell QGC Midstream 2 Limited 100% · United Kingdom
   7. Shell QGC Upstream 1 Limited 100% · United Kingdom
   8. Shell QGC Upstream 2 Limited 100% · United Kingdom
   9. QGC Upstream Finance Pty Ltd* 100% · Australia
   10. QGC Train 1 Tolling Pty Ltd* 100% · Australia
   11. QGC Train 2 Tolling No.2 Pty Ltd* 100% · Australia
   12. QGC Train 2 Tolling Pty Ltd* 100% · Australia
   13. QGC Midstream Limited Partnership* 100% · Australia
   14. QGC Upstream Limited Partnership* 100% · Australia
   15. QGC Upstream Investments Pty Ltd* 100% · Australia
   16. Pure Energy Resources Pty Limited* 100% · Australia
   17. QGC Midstream Investments Pty Ltd* 100% · Australia
   18. Walloons Coal Seam Gas Company Pty Limited* 75% · Australia
   19. OME RESOURCES AUSTRALIA PTY. LTD.* 100% · Australia
   20. QGC Common Facilities Company Pty Ltd* 100% · Australia
   21. QCLNG Operating Company Pty Ltd* 75% · Australia
   22. QGC Train 1 UJV Manager Pty Ltd* 100% · Australia
   23. QGC Train 2 Pty Ltd* 100% · Australia
   24. QGC Train 2 UJV Manager Pty Ltd* 100% · Australia
   25. QGC Train 1 Pty Ltd* 100% · Australia
   26. QGC Midstream Land Pty Ltd* 100% · Australia
   27. QGC Pty Limited* 100% · Australia
   28. QGC (B7) Pty Ltd* 100% · Australia
   29. QGC (Infrastructure) Pty Ltd* 100% · Australia
   30. QGC Sales Qld Pty Ltd* 100% · Australia
   31. Roma Petroleum Pty Limited* 100% · Australia
   32. Starzap Pty Ltd* 100% · Australia
   33. QCLNG Pty Ltd* 100% · Australia
   34. SGA (Queensland) Pty Ltd* 100% · Australia
   35. QGC Midstream Services Pty Ltd* 100% · Australia
   36. QGC Northern Forestry Pty Ltd* 100% · Australia
   37. QGC (Exploration) Pty Ltd* 100% · Australia
   38. QUEENSLAND GAS COMPANY PTY LIMITED* 100% · Australia
   39. Shell QGC Pty Ltd* 100% · Australia
   40. Condamine 1 Pty Ltd* 100% · Australia
   41. BNG (SURAT) PTY. LTD.* 100% · Australia
   42. New South Oil Pty Ltd* 100% · Australia
   43. Sunshine 685 Pty Limited* 100% · Australia
   44. Condamine 2 Pty Ltd* 100% · Australia
   45. Condamine 3 Pty Ltd* 100% · Australia
   46. Condamine 4 Pty Ltd* 100% · Australia
   47. Condamine Power Station Pty Ltd* 100% · Australia

Significant events

• “The decrease in profit was primarily due to the impairment charge of $2,278,522,000 during the year (2023: nil).”
• “During the year, the Company has distributed dividends amounting to $2,477,938,000 (2023: 2,256,837,000).”
• “As a result of the annual impairment review, management has assessed that there are indicators of impairment in investments in certain subsidiaries having carrying value of $17,232,678,000 and accounted an impairment loss of $2,278,522,000 mainly due to the revision of Shell's mid and long-term commodity price assumptions reflecting the current energy market demand and supply fundamentals.”
• “On 13 March 2025, Shell completed the sale of SPDC to Renaissance.”

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

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -13.9%

  £9,317,770,154 → £8,022,144,618

• Employees

  —

  Not reported

• Operating profit

  -97.6%

  £1,209,711,085 → £29,258,148

• Profit before tax

  -97.3%

  £1,213,573,649 → £32,887,007

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