CORO ENERGY PLC

• ⚠

  Material uncertainty over going concern

  As stated in note 2(c), these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the group's and parent company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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

  +26.4%

  £175,675 → £222,023

• Cash

  -76.6%

  £818,569 → £191,373

• Net assets

  -293.8%

  -£5,319,578 → -£20,949,391

• Employees

  0%

  3 → 3

• Operating profit

  -1,068.8%

  -£1,377,738 → -£16,103,013

• Profit before tax

  -323.2%

  -£3,772,894 → -£15,965,463

• Wages

  -0.5%

  £325,185 → £323,690

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. CORO ENERGY PLC 2018-04-05 → present
2. SAFFRON ENERGY PLC 2016-11-10 → 2018-04-05

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As stated in note 2(c), these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the group's and parent company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. CORO ENERGY PLC · parent
   1. Coro Energy Asia Limited 100% · England · Holding company
   2. Coro Energy Holdings Cell A Limited 100% · England · Holding company
   3. Coro Energy (Singapore) Pte Ltd 100% · Singapore · Holding company
   4. Coro Energy Bulu (Singapore) Pte Ltd 100% · Singapore · Holding company
   5. Coro Energy Duyung (Singapore) Pte Ltd 100% · Singapore · Exploration and development company
   6. Coro Asia Renewables Ltd 100% · Scotland · Holding company
   7. Coro Clean Energy Philippines Inc 40% · Philippines · Exploration and development company
   8. Coro Philippines Project 109 Inc 39.98% · Philippines · Exploration and development company
   9. Coro Philippines Project 121 Inc 39.98% · Philippines · Exploration and development company
   10. Coro Philippines Project 128 Inc 39.98% · Philippines · Exploration and development company
   11. Coro Clean Energy Ltd 100% · England · Holding company
   12. Coro Clean Energy Vietnam Ltd 100% · England · Holding company
   13. Coro Renewables VN1 Joint Stock Company 92.5% · Vietnam · Holding company
   14. Coro Renewables VN2 Company Ltd 92.5% · Vietnam · Holding company
   15. Coro Renewables Vietnam Company Ltd 92.5% · Vietnam · Exploration and development company

Significant events

• “On 12 April 2024, the Company received a standstill letter in respect of its Eurobonds which provided a conditional standstill on the repayment of the current debt obligations on expiry.”
• “On 15 August 2024, the Company raised funding from a convertible loan note of $0.5m and a further funding of $0.25m on 6 November 2025 which attracted an interest charge for 2024 of $0.1m.”
• “Post the year under review, the Company announced on 10 April 2025 that it had conditionally sold its interest in the Duyung PSC.”
• “At the same time as completing the restructuring, the Company completed an equity fundraise and capital reorganisation on 5 February 2025.”

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

Filings

15

last 12 months

Capital events

10

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.