Corcel plc AIM:CRCL
- Incorporated
- United Kingdom
- Chief executive
- Scott Gilbert
- Employees
- 10
- Reports in
- GBP
- Companies House
- 05227458
Read straight from the annual reports
0.4p at close on 5 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201506/15 | FY201606/16 | FY201706/17 | FY201806/18 | FY201906/19 | FY202006/20 | FY202106/21 | FY202206/22 | FY202306/23 | FY202406/24 | FY202506/25 | FY2026unreported |
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| Revenue | — | |||||||||||
| Operating profit | — | |||||||||||
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| EBITDA | — | |||||||||||
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| 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.
10 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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No current revenue — Group is a pre-production E&P exploration/appraisal company
Oil and gas development and production activity are capital intensive. The Group currently generates no cash from operations and relies on investment capital and farm outs to move the business forward.
page 10Rapid scale-up of oil and gas activities and expansion of technical/operational/corporate teams
Loss recorded £7.02m (2024: £3.04m)... reflecting the rapid scale-up of oil and gas activities, expansion of the technical, operational and corporate teams, and the write-down of legacy non-core assets.
page 7Low fixed cost base and relatively limited committed expenditure
Borrowings remain nominal, and the Group continues to operate with a relatively low fixed cost base and limited committed expenditure.
page 29£179k charge: Impairment of mineral tenements (Mt Weld rare earth project, Australia)
page 7Corcel ends the year as a fundamentally stronger business: a focused portfolio aligned to high-value oil and gas opportunities, a significantly enhanced balance sheet, a broadened institutional investor base, and a leadership team built to execute with speed and discipline.
page 415 July 2025: placing of 323,529,407 new shares at 0.01p to raise £1.1m gross
page 76The Directors do not recommend the payment of a dividend (2024: nil). No dividend policy stated beyond this.
page 26Financial statements prepared on a going concern basis. Unqualified ('true and fair') audit opinion by PKF Littlejohn LLP (signed by Imogen Massey, Senior Statutory Auditor, 19 December 2025); no material uncertainty related to going concern identified. Two key audit matters: (1) carrying value of exploration & evaluation assets (£6,806k) — recoverability/impairment judgement; (2) carrying value of investments in subsidiaries and receivables from subsidiary (Company only). Post year-end the Group raised further funding (July 2025 placing £1.1m, warrant exercises £3.85m, December 2025 placing £3m) giving cash and cash equivalents of approximately £5.2m as at 16 December 2025.
page 31- Health, Safety and Environment (HSE) — major accidents, personal health/safety, environmental harmp.9
- Exploration, Development and Production risk — success depends on ability to increase production and create value from exploration/appraisal activitiesp.9
- Reserves and Resources estimation risk — high degree of subjective judgmentp.9
- Portfolio Concentration — assets concentrated in Kwanza Basin, Angola, a single jurisdiction/basinp.9
Read from C000323-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 12 Dec 2026