REG - Georgina Energy PLC - Interim Results
27/10/2025 07:45
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RNS Number : 9125E Georgina Energy PLC 27 October 2025
GEORGINA ENERGY PLC
Company Number: 08377465
Interim Results for the Six Months Ended 31 July 2025
Table of Contents
Company Directory
3
Chairman's
Statement
4
Operations Review
5
Statement of Profit or Loss and Other Comprehensive Income for the Half Year
Ended 31 6
July 2025
Consolidated Statement of Financial Position as at 31 July
2025
7
Consolidated Statement of Changes in Equity for the Half Year Ended 31 July
2025
8
Consolidated Statement of Cash Flows for the Half Year Ended 31 July
2025
10
Notes to the Financial Statements
11
Company Directory
Directors Peter Bradley
Roy Pitchford
Anthony Hamilton
John Heugh
Mark Wallace
Company Number 08377465
Company Secretary Silvertree Partners LLP
Registered Office 167-169 Great Portland Street
Fifth Floor
London, England
W1W 5PF
Financial Adviser and Broker Tavira Financial Limited
13(th) Floor
88 Wood Street
London
EC2V 7DA
Auditors PKF Littlejohn LLP
15 Westferry Circus, Canary Wharf
London
E14 4HD
Registrars Neville Registrars Limited
Steelpark Road
Halesowen
B62 8HD
Company Website www.georginaenergy.com (http://www.georginaenergy.com)
Chairman's Statement
Dear Shareholders,
Georgina Energy plc ("Georgina" or the "Company") is pleased to present its
unaudited financial statements for the 6 months ended 31 July 2025 ("2025
Interim Financial Statements").
Georgina is an early-stage resource company with a strategy of actively
pursuing the exploration, commercial development and monetisation of helium,
hydrogen and hydrocarbon interests located in the Amadeus and Officer Basins
in Northern and Western Australia.
In August 2025, Georgina successfully raised £1,000,000 (gross proceeds)
through the issue of 20,000,000 new ordinary shares at a placing price of 5.0
pence per share (the "Placing"). The net proceeds of the Placing are to
advance the ongoing work programmes in relation to Hussar and Mt Winter and
for general working capital purposes.
Operations at Hussar continue to advance with the Company having completed its
initial site operations and reporting obligations to lodge a permit with the
Western Australian Department of Mines, Petroleum and Exploration seeking
drilling approval.
Since listing on LSE in July 2024, the Company engaged a Geological Consultant
to undertake a review of the Hussar and Mt Winter seismic data. The updated
seismic mapping and reprocessing enabled a comprehensive review of the
resource potential resulting in an overall increase of approximately 20% at
Hussar and an increase in net attributable 2U Prospective (Recoverable)
Resources of 15% of both Helium and Hydrogen at Mt Winter.
Georgina continues to negotiate with potential off-take parties, and we remain
open to strategic partnerships that can accelerate our path to development
while managing risk and capital exposure.
Governance and ESG Commitment
We are committed to high standards of corporate governance, transparency, and
environmental responsibility. During the period, we began implementing
frameworks that will support responsible operations as we transition from
exploration to development.
In all our activities, we engage respectfully with local communities and
stakeholders, ensuring that our presence brings shared value and long-term
benefit to host regions.
Closing Remarks
We are steadily building the foundations of a company capable of delivering
long-term value in a low-carbon future. I would like to thank our shareholders
for their continued belief in our vision, our partners for their
collaboration, and our dedicated team for their resilience and commitment.
Peter Bradley
Chairman
Operations Review
The Company was successfully readmitted to the London Stock Exchange main
market on 30 July 2024 with a capital raise of £5.0 million in gross funds.
The Company subsequently raised a further £1,000,000 in August 2025 for
further working capital. The funds have been applied to the advancement of the
helium, hydrogen and natural gas assets held by the Company.
Georgina Energy has two projects; Hussar EP513 located in the Officer Basin of
Western Australia and Mt Winter EPA155 located in the Amadeus Basin of
Australia's Northern Territory.
During the 12-month period to 31 July 2025 since re-listing the Company has
made significant operational developments comprising:
1. Final drilling approval for Hussar
The Company has submitted all required documentation to the Western Australian
Department of Mines, Petroleum and Exploration (DMPE). The Company was
formally notified on the 14 July approval of the Well Management Plan and in
turn confirming approval of the exploration and recovery of Helium. On 22
October 2025, Georgina announced it had received formal Environmental
Management Plan ("EMP") approval from DMPE to drill the Hussar Prospect in
EP513. The company is currently awaiting final drill approval from (DMPE)
which is anticipated to occur shortly.
2. Drilling of the well target at Hussar
Subject to the final drilling approval for the re-entry/drilling of the Hussar
well, the company can commence repairs at the Airstrip, access roads,
preparation of the drill pad and the scoping of site locations for the drill
rig and crew.
The contracted drill crew will be engaged for the re-entry and deepening of
the well to the main target zone of the Townsend Formation. In addition, the
potential of fractured basement to host commercial gases will be tested by
drilling beneath the main target zone.
Hussar will be re-entered subject to an independent engineering inspection of
casing integrity and will be extended to test the main target zone(s) by
running additional case strings. Should the independent engineering inspection
deem the existing casing to not be competent, the Company already has several
contingency plans including sites identified to drill a new test well.
3. Completion of the acquisition of Mt Winter
The Company has been in constant dialogue with the Central Land Council and
awaits the draft Aboriginal Land Rights Act Agreement (ALRA). Once the ALRA is
executed, the Northern Territory Department of Mines and Energy will grant
EP155, hosting the Mt Winter prospect, in turn finalising the acquisition of
the tenement upon settlement of AUD$300,000 to Mosman Oil & Gas Plc. The
Company, via its wholly owned subsidiary Westmarket Oil and Gas Pty Ltd will
then own 100% of EP 155.
Upon review of the Mt Winter seismic data, two additional wells have been
identified and are currently under review for potential prospectivity.
4. Ahead of the acquisition of the Mt Winter tenement, the Company has
provided the Northern Territory Department of Mining and Energy (NTDME), with
a detailed Well Re-entry and Management Plan, (WMP), HSE safety plan and a
comprehensive Environmental Management Plan.
5. Upon re-entry, the Company plans to test Mt Winter for the presence
of HE3. An independent report by Dr Chris Boreham identifies the Amadeus Basin
to potentially host high concentrations of the high value Helium.
6. Additional Targets
The company continues negotiations for the acquisition of additional targets
with advanced prospects of proven high concentrations of Helium, Hydrogen and
Hydrocarbons. The Company anticipates further updates shortly subject final
agreed terms.
Anthony Hamilton
Director
27 June 2025
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
for the period ended 31 July 2025
For six months ended For six
31 July 2025 (unaudited) months ended
31 July 2024 (unaudited)
(Restated)
£ £
Note
Project costs (310,296) (188,573)
Administrative expenses (732,631) (416,401)
Operating loss (1,042,927) (604,974)
Finance income 4,769 88
Finance costs (189,513) (1,457,533)
Share based payments on reverse acquisition - (2,415,663)
Foreign exchange 139,939 1,270
Loss before taxation (1,087,732) (4,476,812)
Income tax - -
(1,087,732) (4,476,812)
Loss after taxation
Other comprehensive income
Foreign exchange gain/(loss) on translation of overseas subsidiaries (121,846) 47,507
Total Comprehensive loss (1,209,578) (4,429,305)
Earnings per share (pence) 7 (1.08) (33.66)
The accompanying notes form an integral part of the financial information.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 31 July 2025
The accompanying notes form an integral part of the financial information.
Note At 31 July 2025 (unaudited) At 31 July 2024 (unaudited) At 31 January 2025 (audited)
(Restated)
£ £ £
ASSETS
Current assets
Trade and other receivables 9 101,380 4,299,594 385,689
Cash and cash equivalents 112,302 287,315 1,215,874
Total current assets 213,682 4,586,909 1,601,563
Non-current assets
Right of use assets 10,177 39,334 21,814
Total non-current assets 10,177 39,334 21,814
Total assets 223,859 4,626,243 1,623,377
EQUITY
Equity Attributable to Owners of the company
Share capital 8 5,179,699 4,504,420 4,851,362
Share premium 3,890,959 3,750,130 3,890,372
Merger Reserve 2,437,500 1,950,000 1,950,000
Reverse acquisition reserve (3,857,674) (3,857,674) (3,857,674)
Share based payment reserve 619,349 507,108 619,349
Shares to issue reserve 3,125,000 3,937,500 3,937,500
Foreign exchange reserve 11,148 151,407 132,994
Retained earnings (14,120,885) (10,929,541) (13,033,153)
Total equity (2,714,904) 13,350 (1,509,250)
LIABILITIES
Current liabilities
Trade and other payables 10 1,240,838 2,162,653 1,231,792
Borrowings 756,105 1,162,294 969,184
Lease liability 8,241 38,506 20,175
Total current liabilities 2,005,184 3,363,453 2,221,151
Non-current liabilities
Derivative liability 83,288 502,524 83,288
Borrowings 850,291 746,916 828,188
Total non-current liabilities 933,579 1,249,440 911,476
Total liabilities 2,938,763 4,612,893 3,132,627
TOTAL EQUITY AND LIABILITIES 223,859 4,626,243 1,623,377
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
for the period to 31 July 2025
Share capital Share premium Retained earnings Other reserves Total equity
£ £ £ £ £
Balance at 1 February 2024 (restated) 2,806,543 - (6,452,729) 103,900 (3,542,286)
Total comprehensive loss for the year - - (4,476,812) - (4,476,812)
Impact of foreign exchange gains and losses - - - 47,507 47,507
Total comprehensive income - - (4,476,812) 47,507 (4,429,305)
Recognition of Georgina Energy plc equity at acquisition date (1,186,043) 406,167 - 2,029,826 1,249,950
Issue of shares 2,883,920 3,448,130 - - 6,332,050
Issue of warrants (104,168) - 507,108 402,941
Total transactions with owners 1,697,877 3,750,130 - 2,536,934 7,984,941
Balance at 31 July 2024 (restated) 4,504,420 3,750,130 (10,929,541) 2,688,341 13,350
As at 1 February 2025 4,851,362 3,890,372 (13,033,153) 2,782,169 (1,509,249)
Total comprehensive loss for the year - - (1,087,732) - (1,087,73)
Impact of foreign exchange gains and losses - - - (121,846) (121,846)
Total comprehensive income - - (1,087,732) (121,846) (1,209,578)
Transactions with owners
Issue of shares 328,337 587 - (325,000) 3,924
Total transactions with owners 328,337 587 - (325,000) 3,924
Balance at 31 January 2025 5,179,699 3,890,959 (14,120,885) 2,335,323 (2,714,904)
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY CONTINUED
for the period to 31 July 2025
Other Reserves RTO reserve Merger reserve Share based payment reserve Shares to issue reserve Foreign exchange translation reserve Total
£ £ £ £ £ £
Balance at 1 February 2024 (restated) - - - - 103,900 103,900
Impact of foreign exchange gains and losses - - - - 47,507 47,507
Total comprehensive income - - - - 47,507 47,507
Recognition of Georgina Energy plc equity at acquisition date (3,857,674) 1,950,000 - 3,937,500 - 2,029,826
Issue of warrants - - 507,108 - - 507,108
Total Transactions with owners (3,857,674) 1,950,000 507,108 3,937,500 - 2,536,934
As at 31 July 2024 (restated) (3,857,674) 1,950,000 507,108 3,937,500 151,407 2,688,341
As at 1 February 2025 (3,857,674) 1,950,000 619,349 3,937,500 132,994 2,782,169
Impact of foreign exchange gains and losses - - - - (121,846) (121,846)
Total comprehensive income - - - - (121,846) (121,846)
Transactions with owners
Issue of shares - 487,500 - (812,500) - (325,000)
Total transactions with owners - 487,500 - (812,500) - (325,000)
Balance at 31 January 2025 (3,857,674) 2,437,500 619,349 3,125,000 11,148 2,335,323
CONSOLIDATED STATEMENT OF CASHFLOWS
for the period ended 31 July 2025
Period ended Period ended
31 July 31 July
2025 2024
(restated)
£ £
Cash flows from operating activities
Loss before taxation (1,087,732) (4,476,812)
Depreciation 11,122 23,601
Finance costs 189,513 264,797
Share-based payments finance costs - 402,941
Share-based payments on RTO - 2,415,663
Equity settled transactions 3,924 325,000
Decrease/(Increase) in receivables 284,309 (51,542)
(Decrease) / increase in payables (108,350) 1,067,523
Unrealised foreign exchange (175,195) (292,415)
Net cash outflow from operations (882,409) (321,244)
Cash inflows from financing activities
Proceeds from issue of shares net of issue costs - 334,965
Proceeds of new borrowings, as received net of associated fees - -
Repayment of borrowings including interest (181,655) -
Lease liability payments (39,508) (13,401)
Net cash inflow from financing activities (221,163) 321,564
Cash inflows from investing activities
Cash acquired from RTO - 284,299
Net cash inflow from investing activities - 284,299
Net increase in cash and cash equivalents (1,103,572) 284,619
Cash and cash equivalents at the beginning of year 1,215,874 2,696
Cash and cash equivalents at end of period 112,302 287,315
The accompanying notes form an integral part of the financial information.
This report was approved by the board and authorised for issue on 26 October
2025 and signed on its behalf by:
Peter Bradley - Chairman
NOTES TO THE FINANCIAL INFORMATION
1. GENERAL INFORMATION
The Company was incorporated on 28 January 2013 in England and Wales as a
limited company, limited by shares and with Registered Number 08377465 under
the Companies Act 2006. The Company's registered office address is 167-169
Great Portland Street, Fifth Floor, London, W1W 5PF, United Kingdom.
On 30 July 2024, the Company completed the acquisition of the then named
company Georgina Energy plc (since renamed Georgina Production Limited) in a
share for share transaction constituting a reverse takeover under the listing
rules. The compinged Group was readmitted to the trading on the London Stock
Exchange Main market on 30 July 2024.
The Combined Group, via the Company's subsidiary undertakings, holds
exploration licences and entitlements to acquire an interest in exploration
licences in Australia specifically targeting helium, hydrogen and natural gas.
Other than the Directors the company did not have any staff.
2. ACCOUNTING POLICIES
Basis of preparation
The principal accounting policies adopted by the Group in the preparation of
the Company Financial Information are set out below.
The financial statements have been prepared in accordance with Uk adopted
International Accounting Standards and IFRIC interpretations ("IFRS") and the
requirements of the Companies Act applicable to companies reporting under
IFRS.
The Group Financial Information has been presented in Pounds Sterling, being
the functional currency of the Company. The Group includes subsidiaries
whose functional and reporting currency is Australian Dollars, giving rise to
a currency translation reserve on translation of the assets, liabilities,
reserves and performance for the period into the Group reporting currency on
consolidation.
The preparation of the financial statements in conformity with IFRS requires
the use of certain critical accounting estimates. It also requires the
Directors to exercise their judgment in the process of applying the Company's
accounting policies. The Company's accounting policies as well as the areas
involving a higher degree of judgment and complexity, or areas where
assumptions and estimates are significant to the Company financial statements
are disclosed in the audited annual report for the year ended 31 January 2025
and are available on the Company's website.
In the opinion of the management, the interim unaudited financial information
includes all adjustments considered necessary for fair and consistent
presentation of this financial information. The interim unaudited financial
information should be read in conjunction with the Company's audited financial
statements and notes for the year ended 31 January 2025.
Acquisition of Subsidiary in the Prior Period - Restatement
On 30 July 2024, the Company acquired 100% of the shares in issue of Georgina
Energy plc (thereafter renamed "Georgina Production Limited") for the
allotment of new shares in the Company to the vending shareholders of the
acquired entity. Under the listing rules, the transaction constituted a
reverse takeover.
It is the opinion of the directors that, at the date of the above transaction,
neither the Company nor the acquired subsidiaries met the definition of a
"business" under IFRS 3 and therefore that the transaction is outside the
scope of the standard and cannot be accounted for as a business combination.
Following determination that the acquisition failed to satisfy the definitions
of a business as defined by IFRS 3, management decided in the prior period to
adopt a "merger accounting" method of consolidation as the most relevant
method to be used. The approach adopted in the prior period by the Group in
applying merger accounting was as follows:
· The acquired assets and liabilities are recorded at their existing
carrying values rather than at fair value;
· No goodwill is recorded;
· All intra-group transactions, balances and unrealised gains and losses
on transactions are eliminated from the beginning of the first comparative
period;
· Comparative periods are restated from the beginning of the earliest
comparative period presented based on the assumption that the companies have
always been combined;
· All pre-acquisition accumulated losses of the legal acquiree are
assumed by the Group as if the companies have always been combined;
· All the share capital and share premium of the companies included in
the legal acquiree sub-group less the Company's cost of investment into these
companies are included into the merger reserve; and
· The Company's share capital, premium and shares to issue reserves
are restated at the preceding reporting date to reflect the value of the new
shares and reserves that would have been created to acquire the merged company
had the merger taken place at the first day of the comparative period. Where
new shares have been issued during the current reporting period that increase
net assets (other than as consideration for the merger), these are recorded
from their actual date of issue and are not included in the comparative
statement of financial position.
Subsequent to the publication of the prior period interim financial statements
to 31 July 2024, and following completion of the annual report for the period
ended 31 January 2025, management revised its assessment of the approach to
consolidating the acquired entities as follows:
· The reverse acquisition is considered to fall within the scope of
IFRS 2 - share based payments;
· The consolidated financial statements include the historical
performance of the acquired subsidiaries for the period 1 February 2024 to 31
July 2024, and those of the legal parent for the period from acquisition of 30
July 2024 to 31 July 2024;
· In accordance with IFRS 2, the value of obtaining the listing under a
reverse acquisition is calculated on the net assets of the legal parent. The
share based payment of £2,415,663 arising from the acquisition is
attributable to the value of the parent company being an LSE main market
listed entity to the Legal Subsidiary and has been recognised as an expense in
the statement of comprehensive income.
Further details of the basis of consolidation and accounting for the reverse
takeover in the prior period can be found in notes 2 and 18 to the Group
audited financial statements for the period ended 31 January 2025.
As a consequence of this revision to the determination of the basis of
consolidation of the Group following the reverse takeover, the comparative
financial information for the period to 31 July 2024 has been restated to be
consistent with the approach adopted in the Group's audited financial
statements for the period to 31 January 2025.
The impact of the above restatement to the comparative financial information
is as follows:
6 month period to 31 July 2024 As previously reported Adjustment As restated
£ £ £
Profit for the period (3,294,033) (1,182,779) (4,476,812)
Net Assets at the end of the period (2,107,123) 2,120,473 13,350
Going Concern
On 28 August 2025 the Company announced it had completed a fundraising of £1
million (before expenses) through the placing of 20m new ordinary shares at 5
pence per share. The directors have determined these funds to be sufficient
to fund certain near-term exploration work for the licences EP513 and EPA155,
as well as meet working capital requirements.
The directors have further considered that, to the extent further funding is
required for the business to continue meeting its obligations as they fall
due, the Company retains the capacity to undertake further institutional
fundraising activity, either through the placing of further ordinary shares or
entering into potential debt arrangements, such that the directors are
satisfied that the Group will be able to continue to meet its financial
obligations for the foreseeable future.
As a consequence, the directors are satisfied that the production of these
financial statements on the going concern basis is justified and appropriate.
3. DIRECTORS' EMOLUMENTS
Directors emoluments during the period has been as follows:
Director Appointment/Resignation date 6m to 31 July 2025 6m to 31 July 2024
£ £
Peter Bradley Appointed 30-7-24 27,500 -
Robin Fryer Departed 11-02-25 2,902 -
Anthony Hamilton Appointed 30-7-24 75,000 -
John Heugh Appointed 30-7-24 52,500 -
Mark Wallace Appointed 30-7-24 75,000 -
Johnny Smith Resigned on 30-7-24 - 20,000
Kay Asare Bedlako Resigned on 30-7-24 - 20,000
Mike Stewart Resigned on 30-7-24 - 60,000
Roy Pitchford 12,500 100,000
Total Directors emoluments 245,402 200,000
Directors' remuneration charged in the prior period is for settlement of fees
relating to services over a period of approximately three years during which
no accrual had been charged for such fees due to the lack of operational
activity over this time.
4. FINANCIAL RISK MANAGEMENT
The Company uses a limited number of financial instruments, comprising cash
and various items such as trade payables, which arise directly from
operations. The Company does not trade in financial instruments.
Financial risk factors
The Company's activities expose it to a variety of financial risks: credit
risk and liquidity risk. The Company's overall risk management programme
focuses on the unpredictability of financial markets and seeks to minimise
potential adverse effects on the Company's financial performance.
(a) Credit risk
The Company does not have any major concentrations of credit risk related to
any individual customer or counterparty.
(b) Liquidity risk
Prudent liquidity risk management implies maintaining sufficient cash, the
Company ensures it has adequate resource to discharge all its liabilities. The
directors have considered the liquidity risk as part of their going concern
assessment.
Fair values
Management assessed that the fair values of cash trade payables and other
current liabilities approximate their carrying amounts largely due to the
short-term maturities of these instruments.
5. CAPITAL MANAGEMENT POLICY
The Company's objectives when managing capital are to safeguard the Company's
ability to continue as a going concern in order to provide returns for
shareholders and benefits for other stakeholders and to maintain an optimal
capital structure to reduce the cost of capital. The capital structure of the
Company consists of equity attributable to equity holders of the Company,
comprising issued share capital and reserves.
6. FINANCIAL INSTRUMENTS
The Company's principal financial instruments comprise cash and cash
equivalents, prepayments and other receivables, trade and other payables,
borrowings and lease liabilities. The Company does not use financial
instruments for speculative purposes.
The principal financial instruments used by the Company, from which financial
instrument risk arises, are as follows:
31 July 31 July 31 January 2025
2025 2024 £
£ £
Financial assets
Trade and other receivables 101,380 4,299,594 385,689
Cash and cash equivalents 112,302 287,315 1,215,874
Total financial assets 213,682 4,586,909 1,601,563
Financial liabilities measured at amortised cost
Trade and other payables 1,240,838 2,162,653 357,000
Lease liabilities 8,241 38,506 20,175
Borrowings 1,606,396 1,909,210 1,797,372
Total financial liabilities 2,855,475 4,110,369 2,174,547
7. EARNINGS PER SHARE
The loss per share has been calculated using the loss for the year and the
weighted average number of ordinary shares entitled to dividend rights which
were outstanding during the period, as amended for the merger accounting
applied to the reverse acquisition in the period whereby the shares issued in
consideration for the acquisition have been recognised as if they had been
issued at the start of the comparative period.
Fully diluted earnings per share, taking account of the warrants in issue as
at the reporting date, has not been prepared as the Company is loss making and
the effects of these warrants is antidilutive.
31 July 31 July
2025 2024
£ £
Loss for the period attributable to equity holders of the Company (1,087,732) (4,476,812)
Weighted average number of ordinary shares (number of shares) 100,638,910 13,299,996
Loss per share (pence per share) (1.08) (33.66)
8. SHARE CAPITAL
As at 31 July 2024
Ordinary shares of £0.01 each
Number of shares Amount
£
Issued, called up and paid 90,088,396 4,504,420
90,088,396 4,504,420
As at 31 July 2025
Ordinary shares of £0.05 each
Number of shares Amount
£
Issued, called up and paid 103,593,987 5,179,699
103,593,987 5,179,699
On 30 July 2024, the Company undertook a 1 for 5 share consolidation whereby 1
new ordinary share of £0.05 each was issued for every 5 ordinary shares of
£0.01 each held.
On 30 July 2024 the Company issued 26m shares in consideration for the
acquisition of Georgina Production Limited. Coincident with this
acquisition, the Company issued 57.7m new ordinary shares to investors and
various debtholders for cash and in conversion of amounts owing respectively.
On 28 February 2025 the Company issued 66.7k shares in settlement of an
administrative error at the time of the Company's readmission to trading on 30
July 2024.
On 23 April 2025 the Company issued 6.5m shares in settlement of the first
tranche of conditional "performance shares" consideration payable to the
vendors of Georgina Production Limited to the Company under the reverse
takeover completed on 30 July 2024, following meeting of the performance
criteria for this tranche of consideration payable following the increase to
the mineral resource on the Hussar licence asset.
As at 31 July 2025, the Company had 13,930,450 warrants on issue exercisable
at prices ranging from £0.0875 per share to £0.16 per share and expiries
ranging from 30 July 2026 to 30 July 2027.
9. TRADE & OTHER RECEIVABLES
31 July 31 January 2025
2025 £
£
Trade & other receivables
Prepayments 6,925 83,780
VAT receivable 94,455 301,909
Total trade & other receivables 101,380 385,689
10. TRADE & OTHER PAYABLES
31 July 31 January 2025
2025 £
£
Trade & other payables
Trade payables and accruals 363,961 357,000
Other payables 878,877 874,792
Total trade & other payables 1,240,838 1,231,792
11. RELATED PARTY TRANSACTIONS
Key management are considered to be the directors, and the key management
personnel compensation has been disclosed in note 3.
During the period, Westmarket Corporation Pty Ltd (WMC), a company controlled
by Mark Wallace and Anthony Hamilton, provided working capital support to the
Group and met £0.6m of Group transactions on its behalf, which were
subsequently recharged to the Group for reimbursement.
12. POST BALANCE SHEET EVENT
On 28 August 2025 the Company announced it had undertaken a £1 million
fundraise (before costs) through the issuance of 20m new ordinary shares at a
price of 5 pence per share. As part of the fundraise 1.2m warrants were
issued to the Company brokers, exercisable at 5 pence per share and for a
period of 3 years.
13. ULTIMATE CONTROLLING PARTY
At 31 July 2025, there was no ultimate controlling party.
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Copyright 2019 Regulatory News Service, all rights reservedRecent news on Georgina Energy
See all newsREG - Georgina Energy PLC - Hussar EP513 Drilling Approval
AnnouncementREG - Georgina Energy PLC - Hussar EP513 Drilling Approval Obtained
AnnouncementREG - Georgina Energy PLC - Interim Results
AnnouncementREG - Georgina Energy PLC - Hussar EP513 Environmental Plan APPROVAL
AnnouncementREG - Official List - Official List Notice
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