BW KUDU LIMITED

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors confirm that the financial statements have been prepared on a going concern basis. In December 2024, the Company raised USD 15,000,000 through an issue of new ordinary shares. As set out on page 13, the company continues to be reliant on financial support from the BW Energy Limited group for its future funding for the Kudu development. BW Energy Ltd has confirmed to the company's directors in writing that it will continue to make available funds as required by the Company to meet its financial liabilities for at least twelve months from the date of approval of these financial statements. On this basis, the financial statements have been prepared on a going concern basis.”

Significant events

• “In 2024, the processing of ~5,000 square kilometres of 3D seismic to enhance the depositional model and identify potential upside targets in the Kudu licence was completed. BW Energy has sanctioned the drilling of an appraisal well targeting the Kharas Prospect north-west in the Kudu licence with planned start-up of drilling in the third quarter of 2025.”
• “In December 2024, the Company raised USD 15,000,000 through an issue of new ordinary shares.”

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

Filings

16

last 12 months

Capital events

15

last 24 months

Officers appointed

0

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

  +87.5%

  £1,614,529 → £3,027,428

• Net assets

  +23.7%

  £46,569,311 → £57,608,599

• Employees

  +50%

  2 → 3

• Operating profit

  +87.9%

  -£833,951 → -£100,815

• Profit before tax

  +90.4%

  -£830,245 → -£80,059

• Wages

  +25.6%

  £205,337 → £257,969

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