AFENTRA (ANGOLA) LTD

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

  +585.3%

  £19,727,891 → £135,202,213

• Cash

  +274.4%

  £7,708,754 → £28,862,226

• Net assets

  +2,545.9%

  £1,777,678 → £47,035,957

• Employees

  —

  Not reported

• Operating profit

  +642%

  £8,375,570 → £62,150,706

• Profit before tax

  +981.8%

  £5,097,556 → £55,144,651

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

BDO LLP UK

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has sufficient cash resources for its working capital needs and its committed capital expenditure programme for at least for the next 12 months from the signing of these financial statements. Consequently, the Directors believe that the Company is well placed to manage its business risks successfully.”

Significant events

• “2024 was a transformative year for the Company in which it achieved the strategic milestones of completing its inaugural deals in Angola and expanding its portfolio through the addition of prospective onshore licences.”
• “Completion of Azule transaction in May 2024 expanded Afentra's interest in Angolan offshore blocks.”
• “Angolan asset acquisitions delivered strong cash flow and full payback.”
• “Entry into onshore Kwanza basin with Block KON19 awarded in July 2024.”
• “Disciplined screening of M&A opportunities continued.”
• “Engagement with key Angolan stakeholders reinforced confidence in the region.”
• “Technical and operational capabilities strengthened to support growth.”
• “Cash resources increased significantly to $38.6 million by year-end 2024. Up from $10.3 million in 2023.”
• “Year-end net debt position reduced significantly to $1.8 million.”
• “Crude oil sales for 2024 totalled 2.3 million barrels across four liftings, generating $180.9 million in revenue.”
• “Post year end, on 19 February 2025, Afentra provided an update on its latest Competent Person's Report (CPR) for Block 3/05.”
• “On 25 February 2025, Presidential Decree approved KON15 onshore licence.”
• “On 19 June 2025 Afentra announced an agreement to acquire a further interest in Block 3/05 and 3/05A offshore Angola.”
• “On 23 June 2025, Afentra announced that it has initialed a Risk Service Contract ("RSC") for Block KON4.”
• “A dividend of $10 million was declared by the directors in July 2025.”

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

Filings

6

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.