Rockhopper Exploration AIM:RKH
- Founded
- 2004 · Salisbury, England
- Incorporated
- United Kingdom
- Chief executive
- Samuel Moody
- Employees
- 7
- Reports in
- USD
- Companies House
- 05250250
Oil exploration company that discovered the Sea Lion field in the North Falkland Basin, now carried through development by operator Navitas Petroleum toward first oil. Value is concentrated in its Sea Lion interest and a favourable arbitration award relating to its former Italian Ombrina Mare project.
Read straight from the annual reports
60.7c at close on 2 Oct 2026 · 12 reported years, 2014–2025
| Line | FY201412/14 | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
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| Revenue | — | — | |||||||||||
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| Operating profit | later (3.9) | ||||||||||||
| Exceptional items | — | — | — | — | — | ||||||||
| Net finance cost | later (1.1) | ||||||||||||
| Profit before tax | later (2.8) | ||||||||||||
| Tax charge | |||||||||||||
| Profit for the year | |||||||||||||
| EBITDA | |||||||||||||
| Basic EPS | |||||||||||||
| Diluted EPS | |||||||||||||
| Dividend per share | — | — | — |
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. 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 pre-revenue pending Sea Lion Phase 1 first oil (targeted Q1 2028)
"There is no revenue in either this or the prior period" (Note 1.6(F))
page 63Administrative expenses rose to US$9.8m (2024: $3.3m) on exceptional corporate activity
Increase reflects FID process, equity fundraise, Senior Debt Facility entry, and $1.8m accrued Employers' NI on in-the-money employee share options due to share price rise
page 14Majority of Sea Lion Phase 1 costs fixed/lump-sum
"The total cost estimate...is externally validated and is predominantly based on executed contracts. The majority of costs within the Assessment Period are fixed or substantially fixed in nature"
page 60$42.9m charge: Monetisation Agreement fair value reduction (Ombrina Mare annulment)
page 70Having sanctioned Phase 1 of Sea Lion, we look forward to continuing our work with Operator Navitas — not only toward first oil in 2028, but also to explore opportunities to accelerate the development of remaining discovered resources and exploration upside in the basin.
page 12Open Offer to Qualifying Shareholders completed 15 January 2026 (admission 21 Jan 2026), raising gross proceeds of approximately £6.9m (US$9.2m) via 13,188,036 new ordinary shares at 53p; issued share capital became 860,504,777 ordinary shares
page 83No dividend recommended for FY2025 (2024: £nil); no stated formal dividend policy disclosed - Group is pre-revenue and funding a major capital project
page 53Financial statements prepared on a going concern basis for the Assessment Period to 30 June 2027; Directors concluded no material uncertainty exists. Auditor (BDO LLP, Peter Acloque senior statutory auditor) issued an unqualified opinion; Key Audit Matters were Valuation of the Ombrina Mare Monetisation Award and Insurance repayment (2025 and 2024) and Uncertain tax positions (2024 only, resolved via FIG settlement in 2025). Group materiality $5.5m (1% of total assets); Parent company materiality $5.225m.
page 90- Funded to First Oil - cost overruns, project delays or debt facility disruption could require additional capitalp.18
- Falkland Islands sovereignty dispute with Argentina; diplomatic risk could affect service providers, logistics, insurance and financingp.18
- Funded and committed operator - as 35% non-operating partner, Rockhopper does not control day-to-day development decisions made by Navitasp.18
- Potential project costs could increase due to global supply chain/geopolitical conditions, requiring Rockhopper to fund 11.66% of any additional gross JV equity requirement not covered by contingencyp.20
Read from C001111-AR-2025-ch.
11 annual reports read, FY2015 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 (11)
FY2026Next report expected 3 Jun 2027