Borders & Southern Petroleum

BOR · AIM · Energy · mcap £73m · 8.1p

Beta Briefing, track record and signals & risks are not ready for Borders & Southern Petroleum yet.

We follow 817 UK small caps and every one of their announcements – often hundreds per company. 61 companies are already wired into a briefing: browse them.

Financials · LTM to 30 Jun 26

Source: results 21 Sep 26 ↗

Qualified audit

Revenue: –
Operating profit: −£1.2m
Net income: −£1.3m
Free cash flow: −£1.9m
Net cash: £767k
Market cap: £72.6m
EV / EBIT: –
FCF yield: −2.6%
Price / book: 0.3×

Latest half-year · H1 26 vs H1 25 results 21 Sep 26 ↗

Operating profit: −£543k
Net income: −£540k
Cash from operations: −£1.0m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies – figures the company reported in USD are converted to £ at the average rate of each period (balance sheets: at the date); when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Latest report: H1 26 (six months to 30 Jun 26), published 21 Sep 26 · read the results ↗

Source ↗

	6 months ended 30 June 2026 (unaudited) $000	12 months ended 31 Dec 2025 (audited) $000	6 months ended 30 June 2025 (unaudited) $000
N otes
Administrative expenses	(730)	(1,502)	(608)
LOSS FROM OPERATIONS	(730)	(1,502)	(608)
Finance income	5	11	168
Finance costs	(1)	104	(1)
LOSS BEFORE TAX	(726)	(1,387)	(441)
Tax expense	-	-	-
LOSS FOR THE PERIOD AND TOTAL COMPREHENSIVE LOSS FOR THE PERIOD ATTRIBUTABLE TO EQUITY OWNERS OF THE PARENT	(726)	(1,387)	(441)
Loss per share – basic and diluted	(0.08) cents	(0.16) cents	(0.05) cents
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
At 30 June 2026
ASSETS NON-CURRENT ASSETS
Property, plant and equipment	2	5	7
Intangible assets	295,822	295,306	294,787
Total non-current assets	295,824	295,311	294,794
CURRENT ASSETS
Other receivables	606	1,087	626
Cash and cash equivalents	1,016	2,560	3,199
TOTAL CURRENT ASSETS	1,622	3,647	3,825
TOTAL ASSETS	297,446	298,958	298,619
LIABILITIES CURRENT LIABILITIES
Trade and other payables	(64)	(1,163)	(90)
TOTAL LIABILITIES	(64)	(1,163)	(90)
TOTAL NET ASSETS	297,382	297,795	298,529
EQUITY
Share capital	13,118	13,086	12,533
Share premium Other reserve	1,948	313,592	1,851
Retained deficit	(31,103)	(30,377)	(29,431)
Foreign currency reserve	(16)	(16)	(16)
TOTAL EQUITY	297,382	297,795	298,529

Source ↗

	30 June 2026 (unaudited) $000	31 December 2025 (audited) $000	30 June 2025 (unaudited) $000
ASSETS NON-CURRENT ASSETS
Property, plant and equipment
Intangible assets	295,822	295,306	294,787
Total non-current assets	295,824	295,311	294,794
CURRENT ASSETS
Other receivables	606	1,087	626
Cash and cash equivalents	1,016	2,560	3,199
TOTAL CURRENT ASSETS	1,622	3,647	3,825
TOTAL ASSETS	297,446	298,958	298,619
LIABILITIES CURRENT LIABILITIES
Trade and other payables	(64)	(1,163)	(90)
TOTAL LIABILITIES	(64)	(1,163)	(90)
TOTAL NET ASSETS	297,382	297,795	298,529
EQUITY
Share capital	13,118	13,086	12,533
Share premium Other reserve	1,948	313,592	1,851
Retained deficit	(31,103)	(30,377)	(29,431)
Foreign currency reserve	(16)	(16)	(16)
TOTAL EQUITY	297,382	297,795	298,529

Source ↗

	6 months ended 30 June 2026 (unaudited) $(‘000)	12 months ended 31 December 2025 (audited) $(‘000)	6 months ended 30 June 2025 (unaudited) $(‘000)
Cash flow from operating activities
Loss before tax Adjustments for	(726)	(1,387)	(441)
Depreciation	3	5	3
Share-based payment	-	97	-
Finance Income	(5)	(11)	(168)
Finance costs	1	(104)	1
Cash flows used in operating activities	(727)	(1,400)	(605)
Decrease/ (increase) in trade and other receivables	481	3	464
(Decrease)/ increase in trade and other payables	(1,099)	(18)	(1,093)
Net cash outflow from operating activities	(1,345)	(1,415)	(1,234)
Cash flows used in investing activities
Purchase of tangibles fixed assets	-	-	–
Purchase of intangible fixed assets	(516)	(1,037)	(518)
Interest received	5	11	-
Net cash used in investing activities	(511)	(1,026)	(518)
Cash flows from financing activities
Share issue	313	2,807	2,693
Net cash generated from financing activities	313	2,807	2,693
Net (decrease)/ increase in cash and cash equivalents	(1,543)	366	941
Cash, cash equivalents and restricted use cash at the beginning of the period	2,560	2,090	2,090
Exchange gains/loss on cash and cash equivalents	(1)	104	168
Cash, cash equivalents and restricted use cash at the end of the period	1,016	2,560	3,199

Source ↗

	2025 $'000	2024 $'000
Continuing Operations
Administrative expenses	(1,502)	(1,159)
Loss from operations	(1,502)	(1,159)
Finance income	11	15
Finance gain/(loss)	104	(73)
Loss before tax	(1,387)	(1,217)
Tax expense	-	-
Loss for the year and total comprehensive loss for the year attributable to equity owners of the parent	(1,387)	(1,217)
Basic and diluted loss per share (see note	(0.16) cents	(0.16) cents
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
At 31 December 2025
Total at 31 December 2025	2025	2024
$'000 $'000 $'000 $'000
Assets
Non-current assets
Property, plant and equipment	5	10
Intangible assets	295,306	294,269
Total non-current assets	295,311	294,279
Current assets
Other receivables	1,087	1,090
Cash and cash equivalents	2,560	2,090
Total current assets	3,647	3,180
Total assets	298,958	297,459
Liabilities
Current liabilities
Trade and other payables	(1,163)	(1,181)
Total net assets	297,795	296,278
Equity attributable to the equity owners of the parent company
Share capital	13,086	12,456
Share premium	313,154	310,977
Other reserves	1,948	1,851
Retained deficit	(30,377)	(28,990)
Foreign currency reserve	(16)	(16)
Total equity	297,795	296,278

Source ↗

	2025	2024
Assets
Non-current assets
Property, plant and equipment
Intangible assets	295,306	294,269
Total non-current assets	295,311	294,279
Current assets
Other receivables	1,087	1,090
Cash and cash equivalents	2,560	2,090
Total current assets	3,647	3,180
Total assets	298,958	297,459
Liabilities
Current liabilities
Trade and other payables	(1,163)	(1,181)
Total net assets	297,795	296,278
Equity attributable to the equity owners of the parent company
Share capital	13,086	12,456
Share premium	313,154	310,977
Other reserves	1,948	1,851
Retained deficit	(30,377)	(28,990)
Foreign currency reserve	(16)	(16)
Total equity	297,795	296,278

Source ↗

	2025	2024
Cash flow from operating activities
Loss before tax	(1,387 )	(1,217)
Adjustments for: Depreciation	5	6
Share-based payment charge	97	73
Finance costs	(104)	73
Finance income	(11)	(15)
Cash flows used in operating activities before changes in working capital	(1,400)	(1,080)
Decrease/(increase) in other receivables	3	(926)
(Decrease)/increase in trade and other payables	(18)	1,025
Net cash outflow from operating activities	(1,415)	(981)
Cash flows used in investing activities
Purchase of tangible assets	-	(8)
Purchase of intangible assets	(1,037)	(528)
Interest received	11	15
Net cash used in investing activities	(1,026)	(521)
Cash flows from financing activities
Shares issue, net of directly attributable costs	2,807	1,737
Net cash from financing activities	2,807	1,737
Net increase in cash and cash equivalents	366	235
Cash and cash equivalents at the beginning of the year	2,090	1,928
Exchange gain/(loss)on cash and cash equivalents	104	(73)
Cash and cash equivalents at the end of the year	2,560	2,090

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Operating profit	(1.2)	(1.1)	(0.9)
Share-based payments	–	0.1	0.1
Operating profit to net income
Finance costs	0.1	0.1	–
Profit before tax	(1.3)	(1.1)	(1.0)
Net income (owners)	(1.3)	(1.1)	(1.0)
Per share
EPS basic	(0.1p)	(0.1p)	(0.1p)
EPS diluted	(0.1p)	(0.1p)	(0.1p)

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Operating profit	(0.5)	n/m	(0.7)	(0.5)
Operating profit to net income
Finance costs	(0.0)	n/m	0.1	(0.0)
Profit before tax	(0.5)	n/m	(0.7)	(0.3)
Net income (owners)	(0.5)	n/m	(0.7)	(0.3)
Per share
EPS basic	(0.1p)	–	(0.1p)	(0.0p)
EPS diluted	(0.1p)	–	(0.1p)	(0.0p)

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	(1.1)	(1.1)	(0.8)
Investing activities
Capex (PP&E)	–	0.0	(0.0)
Capex (intangibles)	(0.8)	(0.8)	(0.4)
Financing activities
Shares issued	0.3	2.1	1.4

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(1.0)	n/m	(0.1)	(1.0)
Investing activities
Capex (intangibles)	(0.4)	−4%	(0.4)	(0.4)
Financing activities
Shares issued	0.2	−89%	0.1	2.1

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Other intangibles	223.2	219.3	234.5
Property, plant & equipment	0.0	0.0	0.0
Non-current assets	223.2	219.3	234.5
Current assets
Trade receivables	0.5	0.8	0.9
Cash	0.8	1.9	1.7
Current assets	1.2	2.7	2.5
Total assets	224.4	222.0	237.0
Current liabilities
Trade payables	0.0	0.9	0.9
Non-current liabilities
Total liabilities	0.0	0.9	–
Equity
Total equity	224.4	221.1	236.1

	30 Jun 26	31 Dec 25	30 Jun 25	31 Dec 24
Non-current assets
Other intangibles	223.2	219.3	214.9	234.5
Property, plant & equipment	0.0	0.0	0.0	0.0
Non-current assets	223.2	219.3	214.9	234.5
Current assets
Trade receivables	0.5	0.8	0.5	0.9
Cash	0.8	1.9	2.3	1.7
Current assets	1.2	2.7	2.8	2.5
Total assets	224.4	222.0	217.7	237.0
Current liabilities
Trade payables	0.0	0.9	0.1	0.9
Non-current liabilities
Total liabilities	0.0	0.9	0.1	–
Equity
Total equity	224.4	221.1	217.6	236.1

Read automatically from each results announcement. Check the source before relying on a figure.

Spotted an error in this income statement? Report it

Company filings. Not investment advice.