GULFSANDS PETROLEUM PLC

• ⚠

  Material uncertainty over going concern

  The Group may need to raise additional finance, and there is no guarantee that the required funding will be available. This indicates a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern.

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

  —

  Not reported

• Cash

  -22.2%

  £475,443 → £370,038

• Net assets

  —

  Not reported

• Employees

  0%

  9 → 9

• Operating profit

  +2.9%

  -£2,154,444 → -£2,090,902

• Profit before tax

  +47%

  -£4,035,284 → -£2,137,998

• Wages

  +1.5%

  £705,689 → £716,155

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group may need to raise additional finance, and there is no guarantee that the required funding will be available. This indicates a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern.”

Group structure

1. GULFSANDS PETROLEUM PLC · parent
   1. Gulfsands Petroleum Ltd 100% · Cayman Islands · Holding Company
   2. Gulfsands Petroleum Holdings Ltd 100% · Cayman Islands · Holding Company
   3. Gulfsands Middle East Limited 100% · Abu Dhabi · Management services
   4. Gulfsands Petroleum Levant Ltd 100% · Cayman Islands · Oil and gas exploration
   5. Gulfsands Petroleum Iraq Ltd 100% · Cayman Islands · Oil and gas exploration
   6. Gulfsands Petroleum (MENA) Ltd 100% · Cayman Islands · Oil and gas exploration

Significant events

• “Subsequent to the year-end, £2 million Unsecured bridge loan financing was agreed with Waterford and Blake, to provide funding for 2025.”
• “The fall of the Assad Regime happened in December 2024, just prior to the year-end, suggesting positive momentum towards a united Syria.”
• “In March 2025 the UK Government's OFSI removed certain relevant entities from its Designated List; in April 2025, the UK Government lifted all material sanctions relating to the Energy and Oil and Gas Sector.”

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

Filings

9

last 12 months

Capital events

6

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.