ITHACA SP E&P LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +42.5%

  £434,027,809 → £618,535,546

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -220.7%

  £211,887,568 → -£255,799,507

• Profit before tax

  -330.7%

  £155,402,557 → -£358,503,401

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

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.

1. ITHACA SP E&P LIMITED 2022-07-01 → present
2. SICCAR POINT ENERGY E&P LIMITED 2017-01-13 → 2022-07-01
3. OMV (U.K.) LIMITED 1988-11-17 → 2017-01-13
4. OMV INTERNATIONAL MARKETING LIMITED 1984-02-03 → 1988-11-17
5. OEMV TRADING AND EXPLORATION (U.K.) LIMITED 1983-06-15 → 1984-02-03
6. OEMV EXPLORATION (U.K.) LIMITED 1980-12-31 → 1983-06-15
7. BIDBILL LIMITED 1980-06-27 → 1980-12-31

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have obtained confirmation from Ithaca Energy plc that it will provide the necessary support to enable the Company to meet its obligations as they fall due. This confirmation is valid until 31 December 2026. To conclude on the going concern for the Company, the Directors have considered the liquidity and solvency of Ithaca Energy plc and have considered going concern at the Group level.”

Significant events

• “On 30 January 2025, the Court of Session ruled that consent had been unlawfully given in relation to the sanctioning of the Rosebank field development and that a new consent application would be required which included scope 3 emissions.”
• “On 28 February 2025, the Company acquired additional equity in Elgin Franklin and Jade, from fellow group company, Ithaca EF Limited.”
• “On 18 June 2025, the Cambo licence was extended by 18 months from 31 March 2026 to 30 September 2027, confirming the regulator's trust in the Group's ability to continue progressing the project towards the licence milestones.”
• “On 20 October 2025, the Company approved a deed of indemnity with Axis Speciality Europe (ASE) for the provision of surety bond facilities, whereby the Company becomes indemnitor for obligations taken within the Ithaca Group under any bond arrangements with ASE.”

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

Filings

3

last 12 months

Capital events

0

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.