BROOGE PETROLEUM AND GAS INVESTMENT COMPANY (BPGIC) PLC

• ◆

  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  0%

  USD 149 → USD 149

• Net assets

  -6.5%

  USD -1,706,882 → USD -1,817,943

• Employees

  —

  Not reported

• Operating profit

  +36.8%

  USD -235,201 → USD -148,566

• Profit before tax

  +36.8%

  USD -235,201 → USD -148,566

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. Sector-distribution context coming next.

1. BROOGE PETROLEUM AND GAS INVESTMENT COMPANY (BPGIC) PLC 2018-10-11 → present
2. YELLOWTRAIL PLC 2018-07-23 → 2018-10-11

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

The GKP Partnership

Audit opinion

Disclaimer of opinion

Going concern

Affirmed

“Whilst there is a material uncertainty regarding Going Concern, as outlined by Notes 6 and 14 in these financial statements, the Directors believe, after due and careful enquiry, that the Company has sufficient resources to continue in operational existence for the foreseeable future, and therefore consider it appropriate to adopt the going concern basis in preparing the financial statements.”

Group structure

1. BROOGE PETROLEUM AND GAS INVESTMENT COMPANY (BPGIC) PLC · parent
   1. BPGIC Holdings Limited 100% · Cayman
   2. Brooge Energy Limited 85.6% · Cayman · providing oil storage and related services

Significant events

• “Subject to further restructuring, disposal of assets or subsidiaries for resolution of group debt obligations as per Notes 6 and 14 the directors do not expect any significant changes to the activity of the company or Group in the forthcoming year.”
• “As described in Note 14, the group is currently restructuring in order to satisfy past debts.”
• “On March 5, 2024, the Federal Supreme Court in United Arab Emirates confirmed a further debt obligation that BPGIC FZE pay Al Brooge International Advisory - (BIA) $130 million, plus four percent interest per annum from December 26, 2023, until the date of payment and that BIA may proceed to enforce the judgment against BPGIC FZE's assets.”
• “The Directors and shareholders continue to progress discussion with the various parties for concluding an amicable resolution of these debt obligations and for the UAE based operating entities, are considering multiple options including bank financing and possible mergers.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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