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Jadestone Energy AIM:JSE

Founded
2016 · Singapore
Incorporated
United Kingdom
Chief executive
Thomas Mitchell Little
Employees
421
Reports in
USD
Companies House
13152520

Asia-Pacific focused oil and gas producer with assets including the Montara and Stag fields offshore Australia, producing fields in Malaysia and Vietnam interests, and the Akatara gas development in Indonesia. Built by ex-Talisman executives as a consolidator of mid-life producing assets in the region.

EnergyOil and gas production
Where the figures come from
How we read

Read straight from the annual reports

Share price and financials

No price history · 10 reported years, 2017–2025

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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.

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The latest report

— annual report

JSONComing soon
Next report26 May 2027for the year to 31 Dec 2026, 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

Crude oil, condensate and LPG liftings across Montara, Stag, CWLH, PenMal and Akatara

Oil sales volume 4,230,397 bbls at realized price US$74.42/bbl (2024: US$85.21/bbl); revenue of US$408.1m, +3% YoY

page 33
And

Gas sales from Akatara (first full year of production) and PenMal

Gas sales volume rose to 7,052,210 Mscf (2024: 2,216,652) at US$5.83/Mscf; Akatara revenue rose US$75.4m to US$90.3m

page 34
What moved the margintailwind

Production cost reduction (-19% YoY)

Production costs fell to US$232.7m (2024: US$286.9m) on lower PenMal, CWLH, Stag and Montara costs; adjusted opex/boe fell to US$28.02 (2024: US$35.28)

page 34
Andheadwind

Lower realized oil prices

Realized oil price down 13% to US$74.42/bbl, reducing revenue by US$51.4m

page 34
One-offs in the year

$126m charge: Impairment of oil and gas properties (Stag and Montara)

page 36
What management said

CEO: 2026 production guidance reiterated at 18-21,000 boe/d prior to further clarity on Cyclone Narelle's impact on Stag; outcome in the lower half of the range is more likely.

page 8
After the year end

18 March 2026: Vietnam Field Development Plan approved for Nam Du/U Minh gas fields, enabling booking of ~32 MMboe of 2P reserves

page 152
The dividend

No dividend declared for 2025 or 2024. The Board assessed cash balances and cash flow projections and determined not to recommend any dividend. The March 2026 US$200m senior secured bond's terms prohibit distributions to shareholders, including dividends and share buybacks, prior to the third anniversary of the bond issue.

page 49
Going concern and the audit

Directors concluded going concern is appropriate for at least 12 months from approval (18 May 2026), despite total liabilities exceeding total assets at 31 December 2025, based on the March 2026 US$200m senior secured bond refinancing of the RBL facility, base case of Brent US$80/bbl (rest of 2026) and US$75/bbl (2027), and a downside case of US$65/bbl with 10% opex increase and extra downtime, both of which remain covenant compliant. Auditor: Deloitte (NI) Limited, lead partner Cathal Treacy completing his fifth and final year; total audit fees US$1,375k (2025) with no non-audit fees.

page 94
The risks it names first
  • Climate change transition risk (decreased in year)p.25
  • Development and recovery of reserves - reliance on a small number of mid/late-life producing assetsp.25
  • IT resiliency, continuity and securityp.26
  • Health, safety and environment (HSE)p.26

Read from C000697-AR-2025-ch.

Filings

0 annual reports read

Sources: Companies House (5), Company website (4)

No filings have been read for this company yet.

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