NAVITAS 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

  —

  Not reported

• Cash

  -82.8%

  £148,015 → £25,417

• Net assets

  +33.3%

  -£16,714,510 → -£11,147,492

  highest in 6 filed years

• Employees

  —

  Not reported

• Operating profit

  -65.4%

  -£38,873 → -£64,289

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

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have adopted the going concern basis of accounting for the preparation of the Company's financial statements. The Company's parent, Navitas Petroleum LP, has agreed to provide the necessary financial support to the Company, as and when required, to enable the Company to meet all of its liabilities when the fall due for a period of at least 12 months from the date of signing these financial statements. As such, in making their assessment of going concern, the directors of the Company have considered the outlook and financial position of Navitas Petrolcum LP. Taking into consideration the assurances provided by Navitas Petroleum LP and having made duc and careful enquirics of the parent company's management and directors, the directors of the Company have concluded that there is a basis for reliance on the support pledged, and thus that it is appropriate to prepare the Company's financial statements on a going concern basis, as the Company expects to have sufficient funds to continue in operational existence for at least 12 months from the date of signing these financial statements.”

Group structure

1. NAVITAS PETROLEUM LIMITED · parent
   1. Navitas Petroleum Development and Production Limited 100% · UK · Investment in Oil & Gas
   2. Navitas Petroleum Atlantic Limited 100% · UK

Significant events

• “In 2024 a group reorganization was carried out and this investment was distributed to the parent company.”
• “In May 2025, a new private limited company, Navitas Petroleum Atlantic Limited was incorporated as a subsidiary to the Company. The Company holds 100% of Navitas Petroleum Atlantic.”
• “After the year end, the Directors became aware that the distribution in kind made on 10 April 2024, relating to the transfer of the Company's interest in Navitas Petroleum Holdings, LLC to Navitas Petroleum Limited Partnership, (see note 4a) was made at a time when the Company did not have sufficient distributable reserves.”
• “In December 2025 there was a further share subscription by the Company's sole shareholder, Navitas Petroleum Limited Partnership, for one £1.00 share at a premium of £25,000,000 (a subscription of £25,000,001), creating share premium of £25,000,000).”
• “On 4th March 2026: A capital reduction of the share premium account in the same amount to create a positive level of distributable reserves; Such amount of those reserves as is equal to the unlawful element of the distribution in kind be appropriated towards the payment of the unlawful element of the distribution in kind; and Then, also on that date, there was executed a Deed of Release between (i) the Company (ii) Navitas Petroleum Limited Partnership, and (iii) the Company's Directors, to release potential liabilities associated with the unlawful distribution.”

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

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.