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Corporate Update, Delay to the Publication of Annual Results and Half-year Report, Continued Suspension to Trading on AIM

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ADM Energy's investee company, JKT Reclamation, LLC, signed an 18-month funded swap agreement for the forward sale of 1,200 barrels of oil a month, effective November 25, 2025. This agreement generated proceeds of approximately US$223,000, received on September 30, 2025, to be used for reclamation operations. ADM Energy holds a 41.4% economic interest in JKT. In March 2025, ADM Energy raised £587,000 via a Subscription and Broker Option. The company anticipates publishing its 2024 Annual Report and its 2025 Half-year Report by December 31, 2025, which were previously due June 30, 2025, and September 30, 2025, respectively. Trading of the company's shares on AIM remains suspended until these reports are published.

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ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing company, provides the following update in relation to trading activity of its investee company, JKT Reclamation, LLC, working capital position and its continued suspension.

The Company was advised that on 29 September 2025, JKT Reclamation, LLC (”JKT”), ADM’s investee company, signed an 18 month funded ISDA (International Swaps and Derivatives Association, Inc.) swap agreement (effective 25 November 2025) with a large privately held US corporation (“Purchaser”) for the forward sale of 1,200 barrels of oil a month (the “Swap Agreement”). The proceeds of the Swap Agreement, approximately US$223,000, which were received on 30 September 2025, will be used by JKT to continue to develop the reclamation operations at the site and the Company expects to provide further updates on JKT’s development as the funds are deployed. The Company has a 41.4% economic interest in JKT Reclamation, LLC, through its subsidiary ADM Energy (USA), Inc.

In March 2025, the Company raised £587,000 via a Subscription and Broker Option, which was used to provide further capital to increase the Company’s interest in its portfolio of investments, including JKT and the Altoona Lease in Kern County, California. Despite the positive progress made by its investee companies and the recent funding being sourced by the Swap Agreement for JKT, limited funds are being returned to the Company to support its ongoing operations and the Company’s working capital remains very constrained as previously announced.

Since this fundraise, the Board has been carefully managing the Company’s working capital while it explores longer-term structured solutions. It has reduced creditor liabilities and remains in discussions with key stakeholders to manage the financial position of the Company. Further, the Company is in continued discussions with an interested party in relation to further funding of its investee companies, and at the PLC level. However, in the event that these discussions do not progress, the Board will need to carefully consider the company’s financial position and solvency.

Delay to the Publication of 2024 Annual Results and 2025 Half-year Report

Further to the announcement made on 1 July 2025, the Company announces that it anticipates being able to publish its Annual Report and Financial Statements for its financial year ended 31 December 2024 ("2024 Annual Report") and its Half-year Report for the six months ended 30 June 2025 ("2025 Half-year Report") by 31 December 2025.

As announced previously, pursuant to Rule 19 of the AIM Rules for Companies (the "AIM Rules"), the Company was required to publish its 2024 Annual Report by 30 June 2025 and its 2025 Half-year Report by 30 September 2025. Trading in the Company's ordinary shares on AIM will remain suspended pending publication of its 2024 Annual Report and Accounts and its 2025 Half-year Report.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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