ITHACA MA 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

  -10.5%

  £362,777,155 → £324,545,862

• Cash

  —

  Not reported

• Net assets

  -84.1%

  £427,645,959 → £68,094,491

• Employees

  —

  Not reported

• Operating profit

  -78.1%

  £42,137,251 → £9,243,478

• Profit before tax

  -173.8%

  £22,889,288 → -£16,883,457

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 MA LIMITED 2022-03-15 → present
2. ITHACA OIL & GAS (U.K.) LIMITED 2022-02-07 → 2022-03-15
3. MARUBENI OIL & GAS (U.K.) LIMITED 2000-03-09 → 2022-02-07

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors consider the preparation of the financial statements on a going concern basis to be appropriate. This is due to the following key factors relevant to the assessment of the Group's ability to continue as a going concern and therefore its ability to provide support if required to the Company: Continuing robust commodity price backdrop and a well hedged portfolio over the next 12 months; Reserves Based Lending ("RBL") liquidity headroom of $1,220 million ($80 million drawn versus $1.3 billion available), plus circa $272 million cash at the end of November 2025; and Resilient operational performance and well-diversified portfolio.”

Significant events

• “2024 has been a transformational year for Ithaca Energy PLC ("the Group"), having made material progress across its strategic objectives. The Group's Business Combination with substantially all of the upstream assets of Eni S.p.A in the UK brings together highly complementary portfolios, offering significant scale, balance and optionality, creating a powerful platform to deliver material cash flow generation, organic and inorganic growth and value creation.”
• “During the year there was a share capital reorganisation to allow for the distribution of dividends. On 4 September 2024, a resolution was passed whereby the Company issued 448,052,300 ordinary shares of £1.00 each... Following the share capital reduction and cancellation, a dividend in kind was paid to Ithaca Energy (UK) Limited amounting to $945.6 million.”
• “On 29 January 2025, the Group announced a reorganisation and streamlining of the organisational structure for onshore staff which completed in 1H 2025.”

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

Filings

4

last 12 months

Capital events

3

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.