HANSA HYDROCARBONS LIMITED

• ⚠

  Material uncertainty over going concern

  The company recognised a loss of €15,790,821 during the financial year ended 31 December 2024, and had net current liabilities of €262,660,241 and net liabilities of €84,934,822. These conditions, along with the below uncertainties with regards to the company's ability to generate sufficient funds through its operating assets for its working capital and planned exploration and development needs indicates the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Figures converted to GBP from EUR at 0.870 per EUR (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

  -7.3%

  £32,829 → £30,425

• Net assets

  -22.8%

  -£60,130,447 → -£73,862,790

• Employees

  —

  Not reported

• Operating profit

  -609.9%

  £2,692,985 → -£13,732,343

• Profit before tax

  -609.9%

  £2,692,985 → -£13,732,343

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

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte Ireland LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company recognised a loss of €15,790,821 during the financial year ended 31 December 2024, and had net current liabilities of €262,660,241 and net liabilities of €84,934,822. These conditions, along with the below uncertainties with regards to the company's ability to generate sufficient funds through its operating assets for its working capital and planned exploration and development needs indicates the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “The N05-A platform began producing gas on 05 March 2025 and the N05-A-01 well, the first production well, is producing in the region of 1.9 million cubic metres gross (0.63 million net) of gas per day.”

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

Filings

20

last 12 months

Capital events

1

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.