**Summary**
Prospex Energy PLC, an AIM-quoted investment company in the oil and gas sector, released its final results for the year ended 31 December 2025 and announced its Annual General Meeting (AGM) on 23 June 2026. The company reported a loss of £2,795,169, primarily due to an unrealized loss on revaluation of investments related to reserve depletion and lower gas prices. Key highlights include the acquisition of Tarba Energía S.L., new gas sales agreements, successful funding activities, and strategic appointments. Post-period, the company strengthened its board, conducted a strategic review, raised additional funds via Convertible Loan Notes, and expanded into Poland with new exploration licenses. Despite operational challenges, Prospex remains focused on shareholder value creation, with stable production from its Selva Field and progress in Spain and Poland. The company is fully funded for its 2026 capex commitments and anticipates leveraging European energy security trends to enhance investor exposure.
| Financial Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Loss for the Year | £46,759 | £2,795,169 | Increase by £2,748,410 |
| Unrealized Loss on Revaluation of Investments | £713,583 (Gain) | £2,541,311 (Loss) | Increase in Loss by £3,254,894 |
| Shareholder Equity (Net Asset Value) | £24,590,154 | £22,939,921 | Decrease by £1,650,233 |
| Total Assets | £25,757,867 | £24,509,190 | Decrease by £1,248,677 |
| Cash and Cash Equivalents | £1,185,386 | £38,935 | Decrease by £1,146,451 |
| Total Liabilities | £1,167,713 | £1,569,269 | Increase by £401,556 |
| Financial Liabilities - Borrowings (Unsecured Loan Notes) | £0 | £536,971 | Increase by £536,971 |