COLOMBIA ENERGY DEVELOPMENT CO.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Accounting and financial reporting standards accepted in Colombia

Reporting scope

Standalone (parent only)

Auditor

PwC Contadores y Auditores S.A.S.

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared under a going concern basis and the expectation that the Company will realize its assets and discharge its liabilities in the normal course of business. [...] The Directors are satisfied that the Company's forecasts and projections show that the Company has adequate resources to continue in operational existence for at least the next 12 months from the date of the financial statements and that it is appropriate to adopt the going concern basis.”

Significant events

• “On 6 August 2024, the Company acquired control of Cepsa Colombia S.A.'s interests in the Caracara and Llanos 22 contracts. On 1 October 2024, Cedco completed the acquisition of a non-operated participating interest in the San Jacinto and Río Paez association contracts.”
• “New crude oil sales contracts were signed post balance sheet with Perenco (Rio Verde field, effective Jan 2025-Dec 2025) and Hidrocarburos del Casanare S.A.S (Llanos 23, with 95% advance payment).”
• “On March 5, 2025, $14 million was paid under the Andina loan agreement, followed by a $10 million prepayment for Cedco-COG on March 25, 2025.”

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

3

last 12 months

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

• Turnover

  +35.2%

  £60,250,556 → £81,457,376

• Cash

  +25.9%

  £18,914,010 → £23,819,125

• Net assets

  +0.4%

  £56,013,343 → £56,259,451

• Employees

  +54.2%

  59 → 91

• Operating profit

  +377.1%

  -£9,710,897 → £26,910,304

• Profit before tax

  +281.6%

  -£11,022,239 → £20,014,826

• Wages

  +51.7%

  £1,805,782 → £2,739,807

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