Lansdowne Resources plc
Lansdowne Resources Plc (formerly Lansdowne Oil & Gas Plc) was, during FY2025, a pre-revenue upstream oil and gas exploration company with a 20% interest in the Barryroe oil and gas field offshore Ireland, pursuing compensation from the Irish Government under the Energy Charter Treaty after its Lease Undertaking application was refused in 2023. The Group's exploration intangible assets were fully impaired in 2023 and it had no ongoing exploration or development activity in the year. Subsequent to year-end (April-May 2026), the Company completed a reverse takeover of São Gabriel Mineração Ltda, a Brazilian graphite mining company, and was renamed Lansdowne Resources plc, re-admitted to AIM under ticker LRES, moving the business into the critical minerals sector.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 30 Jun 2026 · 62 pages · Companies House
Lansdowne Resources Plc, then called Lansdowne Oil & Gas, held a stake in the Barryroe oil and gas field off Ireland but had no production and earned no revenue in 2025. Its loss for the year widened to £881k, from £336k the year before. The main reason was a sharp rise in legal and professional fees, to £596k. These were spent on a compensation claim against the Irish Government, which refused Barryroe a key approval in 2023, and on a deal to buy a Brazilian graphite miner.
It ended the year with just £6k in cash and £1.1m of borrowings from a major shareholder, and its debts exceeded its assets by £2.1m. It raised £145,000 through loans that convert into shares, and paid no dividend.
After the year end the company completed the graphite purchase, raised £1.9m from investors and took its new name. Management described great progress in the second quarter of 2026. The auditor warned of a material uncertainty, meaning real doubt about whether the company can keep going. Its survival depends on winning the claim, progressing the Brazilian graphite project and continued support from its lender.
Listed-company overheads and legal/professional fees for ECT arbitration
Legal and professional fees rose to £596k (2024: £132k) within operating expenses of £0.9m (2024: £0.3m), driven by ECT claim and RTO work.
page 43Throughout 2025 the Company continued work on two key projects: the Reverse Take Over to bring in graphite mining properties in Brazil, and pursuing ECT arbitration against Ireland for the Barryroe loss.
page 5No dividends were declared or paid for the year ended 31 December 2025 (2024: £Nil); directors do not recommend payment of a further dividend.
page 10£596k charge: Legal and professional fees relating to ECT arbitration and RTO
page 4311 years on one page · FY2015–FY2025
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. 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.
7 figures restated in a later report
Every figure is read again from the following year’s report: 228 confirmed, 1 differ, 7 restated.
| Line | Year | As first filed | In the later report |
|---|---|---|---|
| FY2023 | −£420kFY2023 report | −£412kFY2024 report | |
| FY2023 | £1.1mFY2023 report | £1.1mFY2024 report | |
| FY2023 | −£1.1mFY2023 report | −£1.1mFY2024 report | |
| FY2023 | £1.1mFY2023 report | £1.1mFY2024 report | |
| FY2023 | £99kFY2023 report | £107kFY2024 report | |
| FY2023 | −£15kFY2023 report | −£7kFY2024 report |
1 more figure was restated in FY2015 to FY2022, which a free account opens.