SOUND ENERGY MERIDJA LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 2 in the financial statements. The Company is reliant on funding from its parent Company, Sound Energy plc, to enable it to meet its obligations. The Directors have received assurances from the parent Company that it will continue to support the Company, including not recalling any intercompany balances due where such a recall might cause the company not to continue as a going concern, to enable it to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. The parent Company's consolidated financial statements for the year ended 31 December 2024 contain a material uncertainty on the Group and parent Company's ability to continue as a going concern. These conditions, along with other matters set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as going concern. Our conclusion is not modified in respect of this matter.

1. SOUND ENERGY MERIDJA LIMITED 2016-09-13 → present
2. SOUND ENERGY MAGHREB LTD 2016-05-10 → 2016-09-13

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

UK-adopted international accounting standards

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 2 in the financial statements. The Company is reliant on funding from its parent Company, Sound Energy plc, to enable it to meet its obligations. The Directors have received assurances from the parent Company that it will continue to support the Company, including not recalling any intercompany balances due where such a recall might cause the company not to continue as a going concern, to enable it to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. The parent Company's consolidated financial statements for the year ended 31 December 2024 contain a material uncertainty on the Group and parent Company's ability to continue as a going concern. These conditions, along with other matters set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as going concern. Our conclusion is not modified in respect of this matter.”

Significant events

• “In March 2025, the parent Company announced the mLNG project main contractor, Italfluid, and the operator of the Tendrara Production Concession had agreed to amend their contractual arrangement by terminating the vendor financed lease agreement entered into in 2020 and entering into an engineering, procurement and Construction (EPC) contract.”

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

Filings

6

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

  0%

  £2,000 → £2,000

• Net assets

  -7,229.8%

  -£1,701,000 → -£124,680,000

• Employees

  —

  Not reported

• Operating profit

  -446,570.4%

  -£27,000 → -£120,601,000

• Profit before tax

  -574,190.5%

  -£21,000 → -£120,601,000

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