Serica Energy AIM:SQZ
- Founded
- 2004 · London, England
- Incorporated
- United Kingdom
- Chief executive
- Chris Cox
- Employees
- 233
- Reports in
- USD
- Companies House
- 05450950
One of the UK North Sea's largest independent oil and gas producers, supplying a meaningful share of UK gas from the Bruce, Keith and Rhum fields plus the Triton area hubs. Generates substantial cash returned via dividends, though heavily exposed to the UK's Energy Profits Levy windfall tax.
Read straight from the annual reports
257c at close on 2 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | later 35.7 | later 788.9 | ||||||||||
| Gross profit | later 20.0 | later 382.1 | ||||||||||
| Operating profit | later 8.0 | later 399.9 | ||||||||||
| Exceptional items | — | — | — | — | — | — | — | — | — | |||
| Net finance cost | later 0.08 | later 10.1 | ||||||||||
| Profit before tax | later 39.5 | later 380.4 | ||||||||||
| Adjusted profit before tax | — | — | — | — | — | — | — | — | — | — | ||
| Tax charge | later (12.0) | later 252.6 | ||||||||||
| Profit for the year | later 51.5 | later 127.8 | ||||||||||
| EBITDA | ||||||||||||
| Adjusted minus statutory PBT | — | — | — | — | — | — | — | — | — | — | ||
| 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.
11 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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Gas sales (NBP-linked pricing)
Gas sales revenue $360.925m in 2025 (2024: $374.719m), average realised gas price 84p/therm (2024: 76p/therm)
page 131Oil sales (spot-linked pricing)
Oil sales revenue $218.984m in 2025 (2024: $317.478m), average realised oil price $67/bbl (2024: $75/bbl)
page 131Unplanned Triton FPSO maintenance/outages
Around $250 million of revenue deferred due to unscheduled Triton outages; production 27,600 boepd vs 34,600 boepd in 2024
page 21Sterling strengthening against US dollar
Cost base largely GBP-denominated; sterling strengthening amplified field operating costs when translated to USD
page 23Chair: 'Our strategic actions in 2025 have positioned Serica well to continue delivering for shareholders'; the acquisitions announced in 2025 will significantly enhance Serica going forward, adding materially to reserves, production and cash flow, and reducing reliance on two major producing hubs
page 5Note 32 (Events Since Balance Sheet Date) and the Directors' Report both state there have been no events since the balance sheet date that require disclosure
page 162Final dividend for 2025 of 10.0 pence per share proposed (2024: 10.0p), generating a payment of approximately $52.7m, subject to AGM approval; an interim dividend of 6.0p per share was paid in November 2025 ($31.0m/£23.5m); total dividend relating to 2025 of 16p/share; total shareholder returns (dividends plus buybacks) of $85m in 2025 (2024: $114m), reflecting a prudent rebalancing toward capital allocation to growth opportunities
page 138Auditor (Ernst & Young LLP, signed by Khilan Shah, 25 March 2026) issued an unqualified opinion; going concern period assessed to 30 June 2027 using a base case and downside/reverse stress-test scenario; as at 20 March 2026 Group held cash of $94m, restricted cash of $12m, and undrawn RBL facility of $198m; auditor concluded no material uncertainty regarding going concern; group materiality set at $10.6m (5% of adjusted PBT of $212m). Note: a resolution to appoint BDO as the new auditor (replacing EY) is to be put to shareholders at the 2026 AGM.
page 109- Business conditions may deteriorate and stock market support may be eroded, lowering investor appetite and hindering fundraisingp.28
- Each investment carries its own risk profile and no M&A outcome can be certainp.28
- Production may be interrupted, causing significant revenue loss while costs continue to be incurred (as evidenced by Triton FPSO outages in 2025)p.28
- Safety may be compromised or control of wells may be lostp.28
Read from C001177-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 19 Apr 2027