PROTOS ERF LIMITED

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Ernst & Young

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors consider the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the Company to continue as a going concern. The Company has appropriate financing arrangements in place at the Statement of Financi”

Significant events

• “The construction of the Protos ERF is delayed, with operational commencement, originally planned for 2024, now expected in 2026. The completion of the project has seen delays due to construction delays, including supply chain challenges driven by the Russia-Ukraine war.”
• “Lenders of the project have been requested to approve formally an extension of the longstop date under the Protos financing to 30 September 2026, and on 19 June 2025 confirmation was received that approval would be forthcoming.”
• “On 14 June 2025, Encyclis Protos Holdco Limited signed a Share Purchase Agreement with Biffa Corporate Holdings Limited for the purchase of the additional 25% interest in Protos Holding Limited... the sale is subject to lender consents and expected to close in July 2025.”
• “Upon completion, the Company will be an indirect 100% subsidiary of Encyclis Protos Holdco Limited, with Encyclis Holdco Limited as the expected ultimate parent company.”

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

Filings

19

last 12 months

Capital events

14

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

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