Borders & Southern Petroleum plc AIM:BOR
- Incorporated
- United Kingdom
- Chief executive
- Harry Baker
- Employees
- 4
- Reports in
- USD
- Companies House
- 05147938
Read straight from the annual reports
No price history · 11 reported years, 2015–2025
No daily prices have been collected for this company.
| Line | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA |
USD millions, negatives in brackets. Per-share lines in cents, 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.
11 years, at a glance
Operating profit before depreciation and amortisation — a rough measure of trading cash before capital spending.
C000197-AR-2025-ch
— annual report
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Low overhead / no debt policy
The Company has robust financial controls in-place. We maintain a low overhead, hold no debt, and ensure that our financial resources are effectively directed towards our strategic objectives.
page 5Administrative expenses growth
Administrative expenses (loss from operations) increased to $1,502k (2024: $1,159k), driven by higher staff costs ($662k vs $496k) and share-based payment charge ($97k vs $73k).
page 24The key piece of corporate development directly affecting Borders and Southern was FID being declared by Navitas Petroleum and partner Rockhopper Exploration on Sea Lion... This event has put Borders & Southern's Darwin project, and our extensive prospect portfolio firmly in the spotlight; re-invigorating the farm-out process.
page 4On 2 February 2026, a Non-Executive Director purchased 1.5 million shares at a price of 8.93 pence per share.
page 15Financial statements prepared on a going concern basis but auditor (BDO LLP) identified a material uncertainty related to going concern (unmodified opinion, not qualified). Group had net cash of $2.56m at 31 Dec 2025 (2024: $2.09m), no external borrowings. Cashflow forecast to 30 June 2027 indicates insufficient cash to cover costs during the going concern period without a capital raise in late 2026/early 2027 and/or a farm-out; the Group also has a well commitment before licence expiry on 31 December 2026. Auditor: BDO LLP (Sameera Amarasiri, Senior Statutory Auditor), unqualified true-and-fair opinion, three KAMs: carrying value of exploration and evaluation assets, going concern, and (2024 only) impairment of intercompany loan receivable (no longer a KAM in 2025 due to low complexity). Materiality $4.2m (1.4% of total assets).
page 16- Sub-surface risk — exploration for oil and gas is inherently risky and commercial success cannot be guaranteedp.6
- Health and Safety risk — drilling in a remote, offshore environment presents risks including serious injury or deathp.6
- Environmental risk — remote area with abundant wildlife/plant life that could be at risk from operational incidentsp.6
- Climate change risk — activities could be subject to restrictions or moratoriums in response to carbon emission reduction targetsp.6
Read from C000197-AR-2025-ch.
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Sources: Companies House (10)
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