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Ascent Resources plc AIM:AST

Incorporated
United Kingdom
Chief executive
Andrew Dennan
Employees
6
Reports in
GBP
Companies House
05239285
Energy
Where the figures come from
How we read

Read straight from the annual reports

Share price and financials

0.4p at close on 5 Oct 2026 · 10 reported years, 2015–2024

Years in viewFY2015 – FY2026
5 Oct 20260.4p−99.6% since 4 Jan 2016
0.4p
LineFY201512/15FY201612/16FY201712/17FY201812/18FY201912/19FY202012/20FY202112/21FY202212/22FY202312/23FY202412/24FY2026unreported
Revenue—
Gross profit—
Operating profit
Net finance cost
Profit before tax
Tax charge
Profit for the year
EBITDA——
Basic EPS
Diluted EPS
Dividend per share—————

GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.

2 figures

9 years, at a glance

GBP · %
0500k1m1.5m2m-8000%-6000%-4000%-2000%0%FY2016FY2024

Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.

FY2024Revenue£0Operating margin—
The latest report

FY2024 annual report

year to 31 Dec 2024 · approved 30 May 2025 · 94 pages · Companies House

Open the reportJSONComing soon
Next report7 Jun 2026for the year to 31 Dec 2025, the date the register holds, plus this company's usual gap to publication
Sixty seconds on this reportPlaceholder

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From the reportevery line sits on the page it names
What drove revenue

Slovenian hydrocarbon production (Petišovci JV, Pg-10/Pg-11a wells)

Revenue of £nil in 2024 (2023: £1,412,000); production ceased after JV partner Geoenergo's insolvency and termination of the RJOA on 19 January 2024

page 2
And

Future US gas/helium processing and liquefaction (GNG Lisbon Valley plant)

60 MMscfd plant with 1.1 MMscfd helium processing capacity; targeted to resume full natural gas production Summer 2025 and helium liquefaction re-commissioning by 2025 year-end; helium prices reaching US$750-1,450/Mcf

page 4
What moved the marginheadwind

Loss of Slovenian production revenue

Revenue fell from £1,412k (2023) to £nil (2024) following termination of RJOA on 19 January 2024

page 49
Andtailwind

Helium price strength

Global helium prices reaching as high as c.US$1,250-1,450/Mcf in 2024, versus c.US$60/Mcf when the liquefaction unit went dormant in 2013

page 9
One-offs in the year

£194k charge: Fair value loss on financial assets (GNG convertible loan note initial recognition)

page 49
What management said

The Company believes that natural gas will be the transitional fuel of choice to power the energy intensive and growing number of AI data centres across North America over the next 5 years.

page 8
After the year end

Second distribution of preference shares completed Q1 2025, giving shareholders entitlement to up to 90% of net ECT claim proceeds cumulatively (49% + 41%)

page 22
The dividend

The Directors do not recommend the payment of a dividend (2023: Nil)

page 22
Going concern and the audit

Auditors PKF Littlejohn LLP issued an unmodified opinion with a material uncertainty related to going concern; the Group requires further funds to be raised in the next 12 months to fund working capital and operations; forecasts to 31 May 2026 show funds raised together with existing bank balances may not provide sufficient funding for twelve months, and additional funding may be needed in 2H 2025

page 43
The risks it names first
  • Slovenia Disputes Risk - inherent risk that the full €600m ECT damages claim amount might not be recovered despite a strong claim position post-hearingp.14
  • Commodity Prices - fluctuations in oil, gas and helium prices affect commerciality of investments and evaluation of new opportunitiesp.15
  • Permitting risk - inefficiencies/uncertainties in Slovenian environmental permitting process, and the 2022 hydraulic stimulation banp.16
  • Concession extension risk - Slovenian mining right for the Murska depresija area ceased 19 April 2024 following Geoenergo's insolvencyp.16

Read from C000098-AR-2024-ch.

Filings

9 annual reports read, FY2016 to FY2024

Open a year to see what its report said. Every line in it carries the page it was read from.

Sources: Companies House (9)

  1. FY2025Next report expected 7 Jun 2026

Every figure above,
back to the page it was printed on