EQUUS PETROLEUM 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

  -22.5%

  £50,253,420 → £38,947,447

• Cash

  -60.5%

  £1,220,004 → £482,171

• Net assets

  +2.5%

  £58,781,491 → £60,260,148

• Employees

  +2.5%

  442 → 453

• Operating profit

  -37.4%

  £7,836,585 → £4,903,192

• Profit before tax

  +3.6%

  £12,437,019 → £12,887,792

• Wages

  +15.7%

  £4,036,780 → £4,672,199

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. EQUUS PETROLEUM LIMITED 2019-07-16 → present
2. EQUUS PETROLEUM PLC 2011-09-08 → 2019-07-16

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the current plans described in note 3.1 to the financial statements, and the current cash flow projections for the Group, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future (12 months from the date of signing of financial statements). Therefore, the financial statements continue to be prepared on a going concern basis, which assumes the realisation of assets and discharge of liabilities in the normal course of business for the foreseeable future. Following its assessment of going concern, the Directors have formed a judgement that there are no material uncertainties that cast significant doubt on the Group and Company's ability to continue as a going concern and that there is a reasonable expectation that the Group and Company have adequate resources to continue in operational existence for the foreseeable future. For this reason, the Group and Company continue to adopt the going concern basis in preparing the financial statements. Management has prepared a monthly cash flow projections for the period from January 2025 to December 2026, which demonstrates that the Group will not face a cash deficit in any month during the forecasted period.”

Group structure

1. EQUUS PETROLEUM LIMITED · parent
   1. Equus Petroleum B.V. 100% · Netherlands · Holding company
   2. Kumkol Trans Service LLP 100% · Kazakhstan · Oil & gas exploration and production
   3. Kush-Kuat Munai LLP 50% · Kazakhstan · Selling of oil products
   4. KazMunayTrade Expo II LLP 50% · Kazakhstan · Selling of oil products

Significant events

• “On 4 January 2023 KTS and its affiliates established two organisations in Kazakhstan that have significantly contributed to a shift in the Group's revenue streams.”
• “On 29 May 2024, the KTS received a resolution from the Ministry of Energy of the Republic of Kazakhstan in connection with non-compliance with contractual obligations under the subsoil use work program for 2022, 2021 and 2020 in amount of US$1.4 million. In accordance with the resolution, the Company is required to pay US$1.4m in line with a payment instalment plan for one year.”
• “The Group has recently been subject to inspections by tax authorities in Kazakhstan with no significant adverse outcomes.”
• “In 2024, the Group paid to the budget US$100,000 (in 2023: US$140,000).”
• “In October 2025, KTS refinanced all loans from JSC Eurasian Bank through JSC Halyk Bank for a total of US$37.0 million at an annual interest rate of 7.94%. Under the refinancing agreement, the loan from JSC Halyk Bank is scheduled for full repayment in 2030.”

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

Filings

2

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.