Savannah Energy AIM:SAVE
- Founded
- 2014 · London, England
- Incorporated
- United Kingdom
- Chief executive
- Andrew Knott
- Employees
- 276
- Reports in
- USD
- Companies House
- 09115262
Africa-focused energy company whose core business is gas production and processing in Nigeria through the Accugas midstream network supplying power stations, plus development assets in Niger and renewable energy projects in Africa. Built through transformational acquisitions, with periods of share suspension during reverse takeovers.
Read straight from the annual reports
5.5c at close on 2 Oct 2026 · 11 reported years, 2014–2024
| Line | FY201412/14 | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | ||||||||
| Gross profit | — | — | — | — | later 139.3 | |||||||
| Operating profit | later 92.8 | later 61.0 | ||||||||||
| Exceptional items | — | — | — | — | — | |||||||
| Net finance cost | vs 0.54 | later 77.8 | ||||||||||
| Profit before tax | later 10.4 | later (53.7) | ||||||||||
| Tax charge | later 4.7 | |||||||||||
| Profit for the year | later (6.7) | later (61.3) | ||||||||||
| EBITDA | ||||||||||||
| Basic EPS | ||||||||||||
| Diluted EPS |
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.
7 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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Long-term fixed-price gas sales agreements (GSAs) with Nigerian customers
88% of the 2024 revenue stream was derived from fixed price gas sales agreements; weighted average remaining contract life of 13 years and US$3.4bn of remaining life-of-contract revenues
page 21Oil production from the Stubb Creek and Uquo fields, Nigeria
2024 average gross daily production of 23.1 Kboepd; Stubb Creek expansion programme targeting an increase from 2.7 to up to 4.7 Kbopd
page 43High-margin fixed-price gas contracts and midstream scale
Adjusted EBITDA margin of 70% in 2024 versus the Supermajors' average of 22.3%
page 19Tight cost control amid Nigerian inflation
Operating expenses plus administrative expenses of US$71.0m (2023: US$68.8m), better than guidance of <US$75m
page 83$15.3m charge: Transaction and other related expenses (Chad/Cameroon arbitration and acquisition-related costs)
page 147We remain unequivocally an "AND" company. We are focused on investments in both hydrocarbon AND renewable energy assets. We are delivering on the short term AND planning for the long term.
page 18SIPEC Acquisition completed 10 March 2025: acquisition of the 49% non-operated JV interest in the Stubb Creek Field, taking Savannah's effective ownership to 100%; net consideration of US$37.1m (US$35.1m cash plus US$2.0m deferred)
page 179No dividend was paid or proposed for FY2024 (or FY2023); the Consolidated and Company Statements of Changes in Equity show no dividend line item and no dedicated dividends note exists in the financial statements, consistent with a reinvestment-focused growth strategy.
page 125The independent auditor, BDO LLP, issued a disclaimer of opinion (not qualified or unqualified) on both the Group and Company financial statements, stating it was unable to obtain sufficient appropriate audit evidence to support an opinion. This followed a Q2 2025 Board-initiated investigation that identified significant deficiencies in the design, implementation and operation of key internal controls within the Nigerian operations (segregation of duties, supplier onboarding, FX transactions, contract management, and risk of management override of controls). Because of the significance of these scope limitations, the auditor also states it could not obtain sufficient evidence to support management's application of the going concern basis. The Directors nonetheless continued to adopt the going concern basis, using a base-case Brent oil price assumption of US$65.0/bbl for the review period to 31 October 2026 (versus actuals of US$81.0/bbl in 2024 and US$69.7/bbl in Jan-Sept 2025), with a downside sensitivity case of US$60/bbl.
page 118Read from C001138-AR-2024-ch.
10 annual reports read, FY2015 to FY2024
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2025Next report expected 14 Jun 2026