CAPRICORN ENERGY HOLDINGS 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

  -87.5%

  £598,041 → £74,755

• Net assets

  +23.4%

  £275,846,602 → £340,509,830

• Employees

  -71.6%

  88 → 25

• Operating profit

  +64.3%

  -£31,172,909 → -£11,138,521

• Profit before tax

  +182.5%

  -£84,323,839 → £69,597,070

• Wages

  -50.4%

  £8,746,356 → £4,335,800

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. CAPRICORN ENERGY HOLDINGS LIMITED 2021-12-10 → present
2. CAPRICORN ENERGY LIMITED 2008-03-31 → 2021-12-10
3. CAPRICORN OIL LIMITED 2008-03-04 → 2008-03-31
4. CAPRICORN ENERGY INTERNATIONAL LIMITED 2008-02-18 → 2008-03-04

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have a reasonable expectation that the Company will continue in operational existence for a period of at least 12 months from the date of approval of these Financial Statements and have therefore used the going concern basis in preparing the Financial Statements. The Company has received a letter of support from Capricorn Energy PLC to meet liabilities as they become due for the 12-month period from the date of approval of these Financial Statements.”

Group structure

1. CAPRICORN ENERGY HOLDINGS LIMITED · parent
   1. Capricorn Americas Limited 100% · Scotland · Holding company
   2. Capricorn Energy Mexico S. de R.L. de C.V. 100% · Mexico · Exploration
   3. Capricorn Exploration and Development Company Limited 100% · Scotland · Exploration
   4. Capricorn Mauritania Limited 100% · Scotland · Exploration
   5. Capricorn Low Carbon Solutions Limited 100% · England · Carbon Trading
   6. Capricorn Offshore Exploration Limited 100% · Scotland · Exploration
   7. Capricorn Petroleum Limited 100% · Scotland · Holding company
   8. Capricorn Resources Management Limited 100% · Scotland · Royalty interest
   9. Capricorn Suriname B.V. 100% · The Netherlands · Exploration
   10. Capricorn Nicaragua B.V. 100% · The Netherlands · Exploration
   11. Capricorn Energy UK Limited 100% · England · Exploration
   12. Agora Oil and Gas (UK) Limited 100% · Scotland · Exploration

Significant events

• “During the year, the Company made a profit after tax of $92.4m (2023: loss $112.8m) mainly due to an impairment reversal of investments in subsidiaries of $99.9m (2023: impairment charge $68.8m).”
• “Intercompany loan waivers were $nil (2023: $7.5m).”
• “Prior year comparatives for right-of-use assets have been restated to reflect the disposal of fully amortised office leases for the previous head office in Edinburgh and satellite office in London.”
• “Additional disposals of $9.8m have been recorded. The closing net book value of right-of-use assets at 31 December 2023 is unchanged.”
• “In 2023, the total additions of $15.5m in right-of-use assets related to office lease contracts in the UK for the Edinburgh head office. One lease entered into during 2023 was subsequently cancelled leading to a further disposal of $9.5m, bringing total restated disposals to $20.0m.”
• “Prior-year comparatives have been restated to recognise the deletion of balances related to subsidiaries that were liquidated as at 31 December 2023.”
• “In 2024, the Directors reassessed the classification of intercompany loans based on the nature and timing of the underlying transactions. As a result of this review, it was determined that the intercompany loan receivable of $403.9m due from its parent, Capricorn Oil Limited, is not expected to be settled within the next 12 months.”
• “In November 2019, the Company agreed the sale of the entire share capital of Capricorn Norge AS to Sval Energi AS ("Sval") with the deal completing in February 2020. Under the sales and purchase agreement ("SPA"), the Company provided a tax payment indemnity in the event of a tax assessment by the Norwegian authorities for income years prior to 1 January 2020. In May 2024, following a tax assessment by the Norwegian Oil Taxation Office, the Norwegian authorities requested a payment of NOK 7,550,908 ($0.7m). The Company paid the full NOK 7,550,908 ($0.7m) to Sval on 21 February 2025.”

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.