Seascape Energy Asia Plc

SEA · AIM · Energy · mcap £70m · 99.5p

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Financials · LTM to 30 Jun 26

Source: results 30 Sep 26 ↗

Revenue: –
Operating profit: −£2.4m
Net income: −£701k
Free cash flow: −£989k
Net cash: £4.9m
Market cap: £70.0m
EV / EBIT: –
FCF yield: −1.4%
Price / book: 5.0×

Latest half-year · H1 26 vs H1 25 results 30 Sep 26 ↗

Operating profit: −£585k
Net income: −£464k
Cash from operations: −£851k

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; 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 30 Sep 26 · read the results ↗

Source ↗

	2026 unaudited £	2025 unaudited £
Other income	-	209,878
Administrative expenses	(585,066)	(2,822,246)
Operating loss	(585,066)	(2,612,368)
Finance costs	(7,037)	(27,063)
Finance income	26,441	-
Investment income	101,550	111,877
Loss before taxation from continuing operations	(464,112)	(2,527,554)
Income tax expense	-	-
Loss for the period from continuing operations	(464,112)	(2,527,554)
Profit for the period from discontinued operations, net of tax	-	8,206,361
(Loss)/profit for the period	(464,112)	5,678,807
Other comprehensive (expense)/income
Currency translation differences from continuing operations	(28,728)	73,373
Total items that may be reclassified to profit or loss	(28,728)	73,373
Total other comprehensive (loss)/income for the period	(28,728)	73,373
Total comprehensive (loss)/income for the period	(492,840)	5,752,180
Earnings/(losses) per share Pence Pence
Basic - continuing	(0.69)	(4.01)
Basic - discontinued	-	13.03
Diluted - discontinued	-	0.11

Source ↗

	30 June 2026 unaudited £	31 December 2025 audited £
Non-current assets
Intangible assets	5,915,711	2,924,227
Property, plant and equipment	23,751	27,301
Other financial assets	1,458,586	1,409,055
Total non-current assets	7,398,048	4,360,583
Current assets
Trade and other receivables	513,770	322,964
Cash and cash equivalents	4,943,441	4,120,638
Restricted cash and bank	2,181,384	2,105,769
Total current assets	7,638,595	6,549,371
Total assets	15,036,643	10,909,954
Current liabilities
Trade and other payables	833,025	925,456
Provisions	-	694,384
Total current liabilities	833,025	1,619,840
Net current assets	6,805,570	4,929,531
Non-current liabilities
Other financial liabilities	300,284	290,087
Total liabilities	1,133,309	1,909,927
Net assets	13,903,334	9,000,027
Equity
Called up share capital	7,033,913	6,312,798
Share premium account	40,813,440	36,880,949
Other reserves	450,000	450,000
Share option reserve	1,917,557	1,177,579
Currency translation reserve	8,444	37,172
Accumulated losses	(36,320,020)	(35,858,471)
Total equity	13,903,334	9,000,027

Source ↗

	2026 unaudited £	2025 unaudited £
Cash flow from operating activities
Cash used by continuing operations 1	(851,430)	(3,069,739)
Cash generated by operating activities from discontinued operations	-	165,485
Net cash used in operating activities 2	(851,430)	(2,904,254)
Investing activities
Purchase of property, plant and equipment	(2,937)	(11,599)
Purchase of exploration and evaluation assets	(2,905,083)	(328,277)
Interest received	101,550	112,303
Investing activities from discontinued operations	-	(40,782)
Proceeds from disposal of investment in subsidiary	-	8,740,023
Cash (used in)/generated from investing activities	(2,806,470)	8,471,668
Movement in restricted cash and bank balances	(40,511)	(1,529,634)
Net cash (used in)/generated from investing activities	(2,846,981)	6,942,034
Financing activities
Proceeds from issuance of ordinary shares, representing net cash generated from financing activities	4,653,606	-
Net increase in cash and cash equivalents	955,195	4,037,780
Cash and cash equivalents at beginning of the period	4,120,638	2,783,262
Foreign exchange 2	(132,392)	(190,101)
Cash and cash equivalents at end of the period	4,943,441	6,630,941
Relating to
Bank balances and short-term deposits	7,124,825	8,646,963
Cash restricted in use	(2,181,384)	(2,016,022)
Total relating to	4,943,441	6,630,941

Source ↗

	2025 £	2024 £
GROUP
Other income	202,053	934,570
Administrative expenses	(4,586,404)	(6,709,728)
Operating loss	(4,384,351)	(5,775,158)
Finance costs	(28,717)	(21,681)
Investment income	239,631	111,758
Loss before taxation from continuing operations	(4,173,437)	(5,685,081)
Income tax expense	405	(419)
Loss for the year from continuing operations	(4,173,032)	(5,685,500)
Profit/(loss) for the year from discontinued operations, net of tax	9,615,416	(10,761,709)
Profit/(loss) for the year	5,442,384	(16,447,209)
Other comprehensive income/(expense)
Currency translation differences from discontinued operations	-	349,929
Currency translation differences from continuing operations	44,044	(32,254)
Total items that may be reclassified to profit or loss	44,044	317,675
Total other comprehensive income for the year	44,044	317,675
Total comprehensive profit/(loss) for the year	5,486,428	(16,129,534)
Earnings/(losses) per share Pence Pence
Basic - continuing	(6.62)	(9.88)
Basic - discontinued	15.25	(18.70)
Diluted - discontinued	14.00	-
COMPANY
Profit/(loss) for the year	6,123,114	(12,565,269)

Source ↗

	2025 £	2024 £
Non-current assets
Intangible assets	2,924,227	285,358
Property, plant and equipment	27,301	11,495
Other financial assets	1,409,055	-
Total non-current assets	4,360,583	296,853
Current assets
Trade and other receivables	322,964	112,927
Cash and cash equivalents	4,120,638	2,467,899
Restricted cash and bank	2,105,769	520,708
Total current assets	6,549,371	3,101,534
Asset in disposal group held for sale	-	1,018,570
Total assets	10,909,954	4,416,957
Current liabilities
Trade and other payables	925,456	669,357
Provisions	694,384	702,000
Total current liabilities	1,619,840	1,371,357
Liabilities in disposal group held for sale	-	71,388
Net current assets	4,929,531	2,677,359
Non-current liabilities
Other financial liabilities	290,087	308,825
Deferred tax	-	427
Total non-current liabilities	290,087	309,252
Total liabilities	1,909,927	1,751,997
Net assets	9,000,027	2,664,960
Equity
Called up share capital	6,312,798	6,281,895
Share premium account	36,880,949	36,809,420
Other reserves	450,000	450,000
Share option reserve	1,177,579	466,198
Currency translation reserve	37,172	(6,872)
Accumulated losses	(35,858,471)	(41,335,681)
Total equity	9,000,027	2,664,960

Source ↗

	2025 £	2024 £
Cash flow from operating activities
Cash used by continuing operations	(3,158,976)	(3,323,980)
Cash generated/(used) by operating activities from discontinued operations	165,485	(610,151)
Net cash used in operating activities	(2,993,491)	(3,934,131)
Investing activities
Purchase of property, plant and equipment	(26,237)	(8,437)
Purchase of exploration and evaluation assets	(2,829,468)	(63,579)
Purchase of intangible assets	(30,347)	-
Interest received	239,631	112,301
Investing activities from discontinued operations	427	(214,308)
Proceeds from disposal of investment in subsidiary/ joint venture	8,740,023	1,935,912
Cash generated from investing activities	6,094,029	1,761,889
Movement in restricted cash and bank balances	(2,105,769)	329,976
Net cash generated from investing activities	3,988,260	2,091,865
Financing activities
Proceeds from issuance of ordinary shares 24/25	3,015	1,775,133
Net cash generated from financing activities	3,015	1,775,133
Net increase/(decrease) in cash and cash equivalents	997,784	(67,133)
Cash and cash equivalents at beginning of the year	3,303,970	2,833,857
Foreign exchange	(181,116)	16,538
Cash and cash equivalents at end of the year	4,120,638	2,783,262
Relating to
Bank balances and short-term deposits	6,226,407	2,988,607
Cash classified as held for sale	-	315,363
Total relating to	6,226,407	3,303,970
Cash restricted in use	(2,105,769)	(520,708)
Total relating to	4,120,638	2,783,262
Company statement of cash flows
Total company statement of cash flows	2025	2024
Notes £ £
Cash flow from operating activities
Profit/(loss) before taxation	6,123,114	(16,030,082)
Adjustments for
Depreciation	5,376	6,227
Interest income	(172,673)	(205,656)
Share based payment expense	746,207	527,411
Unwinding discount on financial liability	10,507	14,114
Fair value loss on financial liability	84,279	55,023
Gain on disposal of subsidiary	(8,506,782)	-
Loss on disposal of joint venture	-	12,074,783
Operating loss before working capital changes	(1,709,972)	(3,558,180)
Trade and other receivables	(2,403,292)	714,941
Trade and other payables	(242,702)	(158,855)
Provisions	( 21,055 )	519,483
Cash used in operating activities	(4,377,021)	(2,482,611)
Movement in restricted cash and bank balances	-	803,417
Net cash used in operating activities	(4,377,021)	(1,679,194)
Cash flow from investing activities
Purchase of property, plant and equipment	(12,768)	(1,506)
Interest received	172,673	101,426
Advances to subsidiaries	(3,541,688)	(2,487,867)
Investment in subsidiaries	(299,897)	(191,673)
Proceeds from disposal of investment in subsidiary/joint venture	8,740,023	1,935,912
Net cash generated from investing activities	5,058,343	(643,708)
Cash flow from financing activities
Proceeds from issuance of ordinary shares 24/25	3,015	1,775,133
Net cash used in financing activities	3,015	1,775,133
Net increase/(decrease) in cash and cash equivalents	684,337	(547,769)
Cash and cash equivalents at beginning of the year	2,191,612	2,739,381
Foreign exchange	(14,107)	-
Cash and cash equivalents at end of the year	2,861,842	2,191,612
Relating to
Bank balances and short-term deposits	2,861,842	2,191,612

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Operating profit	(2.4)	(4.4)	(5.8)
Amortisation	–	0.0	–
Share-based payments	1.1	0.7	–
Operating profit to net income
Finance costs	(0.0)	(0.0)	(0.0)
Profit before tax	(2.1)	(4.2)	(5.7)
Tax	–	0.0	(0.0)
Net income (owners)	(0.7)	5.4	(16.4)
Discontinued operations	1.4	9.6	(10.8)
Per share
EPS diluted	–	14.0p	–

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Operating profit	(0.6)	n/m	(1.8)	(2.6)
Depreciation (owned assets)	0.0	n/m	–	0.0
Share-based payments	0.7	+106%	0.4	0.4
Operating profit to net income
Finance costs	(0.0)	n/m	(0.0)	(0.0)
Profit before tax	(0.5)	n/m	(1.6)	(2.5)
Net income (owners)	(0.5)	n/m	(0.2)	5.7
Discontinued operations	0.0	n/m	1.4	8.2

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	(0.9)	(3.0)	(3.9)
Investing activities
Capex (PP&E)	(0.0)	(0.0)	(0.0)
Capex (intangibles)	–	(0.0)	–
Financing activities
Shares issued	4.7	0.0	1.8

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(0.9)	n/m	(0.1)	(2.9)
Investing activities
Capex (PP&E)	(0.0)	n/m	(0.0)	(0.0)
Financing activities
Shares issued	4.7	n/m	0.0	0.0

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Other intangibles	5.9	2.9	0.3
Property, plant & equipment	0.0	0.0	0.0
Other investments	1.5	1.4	–
Non-current assets	7.4	4.4	1.3
Current assets
Trade receivables	0.5	0.3	0.1
Cash	4.9	4.1	2.5
Current assets	7.6	6.5	3.1
Total assets	15.0	10.9	4.4
Current liabilities
Trade payables	0.8	0.9	0.7
Current liabilities	0.8	1.6	1.4
Non-current liabilities
Non-current liabilities	0.3	0.3	0.4
Total liabilities	1.1	1.9	1.8
Equity
Total equity	13.9	9.0	2.7

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Other intangibles	5.9	2.9	0.3
Property, plant & equipment	0.0	0.0	0.0
Other investments	1.5	1.4	–
Non-current assets	7.4	4.4	1.3
Current assets
Trade receivables	0.5	0.3	0.1
Cash	4.9	4.1	2.5
Current assets	7.6	6.5	3.1
Total assets	15.0	10.9	4.4
Current liabilities
Trade payables	0.8	0.9	0.7
Current liabilities	0.8	1.6	1.4
Non-current liabilities
Non-current liabilities	0.3	0.3	0.4
Total liabilities	1.1	1.9	1.8
Equity
Total equity	13.9	9.0	2.7

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

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Company filings. Not investment advice.