Wildcat Petroleum (WCAT) H2 2025 earnings summary

Executive summary

• Loss for the year ended 30 June 2025 was £310,359, compared to £255,288 in FY24.

• Net assets at year-end were £145,102, down from £253,196 in FY24.

• The company focused on identifying acquisition opportunities in the upstream petroleum sector and explored gold mining projects.

• Entered and subsequently terminated MOUs with Nilepet (South Sudan) and WGMT (Sudan) due to political and security risks.

• Raised £156,000 in October 2024 and £45,000 post year-end through equity placings.

Financial highlights

• Administrative expenses for the year were £310,359 (FY24: £255,288).

• Cash and cash equivalents at year-end were £190,806 (FY24: £286,573).

• Current assets totaled £205,209; current liabilities were £60,107.

• Share-based payment expense increased to £57,185 (FY24: £6,759).

• No revenue was generated; all losses are from administrative expenses.

Outlook and guidance

• The company intends to continue seeking acquisitions in the upstream petroleum sector or related industries.

• Directors believe sufficient working capital exists for ongoing operations, but further capital will be needed for any acquisition.

• Focus remains on developing relationships in Sudan and South Sudan, with flexibility to pivot to other opportunities.