KISTOS HOLDINGS PLC

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

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“To assess the Group's ability to continue as a going concern, base case and downside cash flow forecasts have been prepared that cover a period of 21 months from the approval of this report (ie to 31 December 2026).”

Group structure

1. KISTOS HOLDINGS PLC · parent
   1. Kistos plc 100% · United Kingdom · Provision of head office and administrative services
   2. Kistos Energy Limited 100% · United Kingdom · Offshore exploration and production of hydrocarbon volumes
   3. Kistos Finance Limited 100% · United Kingdom · Dormant company
   4. Kistos NL1 B.V. 100% · Netherlands · Onshore and offshore exploration and production of hydrocarbon volumes
   5. Kistos NL2 B.V. 100% · Netherlands · Offshore exploration and production of hydrocarbon volumes
   6. Kistos Energy (Norway) AS 100% · Norway · Offshore exploration and production of hydrocarbon volumes
   7. Kistos Energy Storage Ltd 100% · United Kingdom · Onshore gas storage
   8. Spiralis Energy Ltd 10% · United Kingdom · Engineering service for Tidal Power

Significant events

• “Significant progress on Balder Future First stage of the Jotun sail away programme has completed...targeting first oil by the end of the second quarter in 2025.”
• “Organic growth onshore UK Following the acquisition of EDF's onshore UK gas storage assets...Kistos increased the working gas capacity in July 2024, to 22.1 million therms...”
• “Change of operator The change of operator in the GLA is expected to provide additional momentum in sanctioning a number of development projects...”
• “Capital expenditure on a cash basis was $144 million...representing the significant planned ongoing investment in Norway to progress the Balder Future project to first oil.”
• “Norwegian tax rebate receivable of approximately $65 million...in respect of investments in the 2024 calendar year payable in December 2025.”
• “The acquisition of 100% of the share capital of EDF Energy (Gas Storage) Limited (subsequently renamed Kistos Energy Storage Limited) from EDF Energy (Thermal Generation) Limited for cash consideration of £25 million ($31.1 million) less closing working capital adjustments (the Gas Storage Acquisition).”

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

Filings

12

last 12 months

Capital events

4

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

  -3%

  £165,331,357 → £160,355,078

• Cash

  -47%

  £159,220,904 → £84,323,944

• Net assets

  -59.4%

  £67,087,472 → £27,249,073

• Employees

  +57.6%

  33 → 52

• Operating profit

  -0.1%

  -£30,183,840 → -£30,204,596

• Profit before tax

  -95.2%

  -£36,421,053 → -£71,076,353

• Wages

  -22.9%

  £6,272,053 → £4,834,692

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