AFENTRA PLC

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

  +585.3%

  £19,727,891 → £135,202,213

• Cash

  +218.3%

  £11,010,690 → £35,045,227

• Net assets

  +105.6%

  £35,861,553 → £73,730,283

• Employees

  +50%

  10 → 15

• Operating profit

  +3,052.8%

  £1,765,717 → £55,669,433

• Profit before tax

  +7,337.9%

  -£677,282 → £49,020,707

• Wages

  +2.1%

  £3,490,319 → £3,562,832

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. AFENTRA PLC 2021-05-04 → present
2. STERLING ENERGY PLC 2002-10-23 → 2021-05-04
3. LEPCO PLC 1997-07-31 → 2002-10-23
4. LONDON EXPLORATION AND PRODUCTION COMPANY LIMITED 1983-12-19 → 1997-07-31
5. RIBBONWELL LIMITED 1983-09-30 → 1983-12-19

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group has sufficient cash resources for its working capital needs and its committed capital expenditure programme at least for the next 12 months from signing of the annual report. Consequently, the Directors believe that both the Group and Company are well placed to manage their business risks successfully.”

Group structure

1. AFENTRA PLC · parent
   1. Afentra (UK) Limited 100% · UK · Exploration for oil and gas
   2. Afentra (Angola) Ltd 100% · Angola · Extraction of crude petroleum
   3. Afentra (Northwest Africa) Limited 100% · Jersey, CI · Exploration for oil and gas
   4. Afentra Holdings Limited 100% · Jersey, CI · Investment holding company
   5. Afentra (East Africa) Limited 100% · Jersey, CI · Exploration for oil and gas
   6. Afentra (Offshore Developments) Ltd 100% · UK · Extraction of crude petroleum
   7. Afentra (Onshore Developments) Ltd 100% · UK · Extraction of crude petroleum

Significant events

• “During Q1 2025, the Group made contingent consideration payments of $3.5 million, $1.2 million, and $0.9 million to Sonangol, INA, and Azule respectively.”
• “On 28 March 2025, the Group made a scheduled redetermination payment on its RBL facility of $7.0 million comprised of $5.4 million debt principal and $1.6 million accrued interest.”
• “On 19 February 2025, Afentra provided an update on its latest Competent Person's Report (CPR) for Block 3/05. As of 31 December 2024, total net 2P working interest reserves stand at 34.2 million barrels of oil (mmbo), (gross 114 mmbo). Since the previous CPR in June 2023, gross production of approximately 11 mmbo was offset by a reserve replacement ratio of 140% over the 18-month period. Contingent resources on Block 3/05 have also increased since the last CPR with net working interest 2C resources of 13.8 mmbo (gross 46 mmbo).”
• “On 24 February 2025, Afentra announced the formal approval by Presidential Decree of the onshore licence KON15, the formal signing of the contract occurred on 07 April 2025. Under the terms of the KON15 award, Afentra has secured a 45% non-operated interest in the block, alongside Sonangol who will be block operator.”

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

1

last 24 months

Officers appointed

1

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.