United Oil & Gas

UOG · AIM · Energy · mcap £10m · 0.2p

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Financials · LTM to 30 Jun 26

Source: results 28 Sep 26 ↗

Going-concern uncertainty

Revenue: £0k
Operating profit: −£1.3m
Net income: −£1.3m
Free cash flow: −£1.2m
Net cash: £373k
Market cap: £10.4m
EV / EBIT: –
FCF yield: −11.4%
Price / book: 1.5×

Latest half-year · H1 26 vs H1 25 results 28 Sep 26 ↗

Revenue: £0k
Operating profit: −£618k
Net income: −£595k
Cash from operations: −£392k

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

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it, newest first – each period in the latest version the company published (restated figures where a later report restated them), in its own currency and units. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: H1 26 (six months to 30 Jun 26), published 28 Sep 26 · read the results ↗

Reported in US$ as the company published it. The key figures convert to £ at the rate of each period.

	FY 25 source	FY 24 source
Continuing operations:
Revenue	-	-
Other income	-	-
Cost of sales	-	-
Gross profit	-	-
Administrative expenses
Other administrative expenses	(1,174,704)	(963,968)
New Venture write offs	(228,546)	(392,182)
Foreign exchange gains / (losses)	45,884	(550,531)
Operating loss	(1,357,366)	(1,906,681)
Finance expense	(19,107)	(15,478)
Loss before taxation	(1,376,473)	(1,922,159)
Taxation	-	-
Loss for the financial year attributable to the Company's equity shareholders from continued operations	(1,376,473)	(1,922,159)
Profit / (loss) for the year from discontinued operations	124,302	(519,248)
Loss for the financial year attributable to the Company's equity shareholders	(1,252,171)	(2,441,407)
Total loss per share
From continuing operations expressed in cents per share
Basic	(0.06)	(0.18)
Diluted	(0.06)	(0.18)
From continuing and discontinued operations expressed in cents per share
Basic	(0.05)	(0.23)
Diluted	(0.05)	(0.23)

Reported in US$ as the company published it. The key figures convert to £ at the rate of each period.

	H1 26 source	H2 25 calc.	H1 25 source
Continuing operations:
Revenue	-	-	-
Cost of sales	-	-	-
Gross profit	-	-	-
Administrative expenses
Other administrative expenses	(809,848)	(606,062)	(568,642)
Exploration and New Venture write offs	-	–	-
Foreign exchange gains / (losses)	(21,727)	(75,177)	121,061
Operating loss	(831,575)	(909,785)	(447,581)
Finance expense	20,711	(5,508)	(13,599)
Loss before taxation	(810,864)	(915,293)	(461,180)
Taxation	-	-	-
Loss for the period from continuing operations	(810,864)	–	(461,180)
Discontinued operations	10,000	–	122,641
Loss for the financial period attributable to the Company’s equity shareholders	(800,864)	–	(338,539)
Loss per share from continuing operations expressed in cents per share
Basic	(0.02)	(0.04)	(0.02)
Diluted	(0.02)	(0.04)	(0.02)
Total loss per share expressed in cents per share
Basic	(0.02)	(0.03)	(0.02)
Diluted	(0.02)	(0.03)	(0.02)

Reported in US$ as the company published it. The key figures convert to £ at the rate of each period.

	30 Jun 26 source	31 Dec 25 source	31 Dec 24 source
NON-CURRENT ASSETS
Intangible assets	10,192,165	8,897,500	7,413,031
Property, plant and equipment	3,957	2,786	867
Total nON-CURRENT ASSETS	10,196,122	8,900,286	7,413,898
CURRENT ASSETS
Trade and other receivables	69,662	105,322	67,728
Cash and cash equivalents	494,482	1,674,924	775,288
Total cURRENT ASSETS	564,144	1,780,246	843,016
CURRENT LIABILITIES
Trade and other payables	(1,112,382)	(1,133,832)	(1,858,271)
Borrowings	-	-	(189,356)
Total cURRENT LIABILITIES	(1,112,382)	(1,133,832)	(2,047,627)
NET CURRENT LIABILITIES	(548,238)	–	–
NON-CURRENT LIABILITIES
Provisions	–	(276,657)	(254,933)
Total non-current liabilities	–	(276,657)	(254,933)
Decommissioning Provisions	(260,597)	–	–
NET ASSETS	9,387,287	9,270,043	5,954,354
Share capital	–	8,884,315	8,850,905
CAPITAL AND RESERVES ATTRIBUTABLE TO EQUITY
HOLDERS OF THE COMPANY Share capital	8,888,622	–	–
Share premium	23,440,492	22,791,839	18,440,093
Share-based payment reserve	2,594,221	2,341,590	2,126,752
Merger reserve	(2,697,357)	(2,697,357)	(2,697,357)
Translation reserve	(1,114,483)	(1,127,000)	(1,032,274)
Retained earnings	(21,724,208)	(20,923,344)	(19,733,765)
Shareholders' funds	–	9,270,043	5,954,354
TOTAL EQUITY	9,387,287	–	–

Reported in US$ as the company published it. The key figures convert to £ at the rate of each period.

	30 Jun 26 source	31 Dec 25 source	30 Jun 25 source	31 Dec 24 source
NON-CURRENT ASSETS
Intangible assets	10,192,165	8,897,500	7,780,463	7,413,031
Property, plant and equipment	3,957	2,786	976	867
Total nON-CURRENT ASSETS	10,196,122	8,900,286	7,781,439	7,413,898
CURRENT ASSETS
Trade and other receivables	69,662	105,322	85,226	67,728
Cash and cash equivalents	494,482	1,674,924	209,213	775,288
Total cURRENT ASSETS	564,144	1,780,246	294,439	843,016
CURRENT LIABILITIES
Trade and other payables	(1,112,382)	(1,133,832)	(1,409,957)	(1,858,271)
Borrowings	-	-	(189,356)	(189,356)
Total cURRENT LIABILITIES	(1,112,382)	(1,133,832)	(1,599,313)	(2,047,627)
NET CURRENT LIABILITIES	(548,238)	–	(1,304,874)	–
NON-CURRENT LIABILITIES
Provisions	–	(276,657)	–	(254,933)
Total non-current liabilities	–	(276,657)	–	(254,933)
Decommissioning Provisions	(260,597)	–	(292,629)	–
NET ASSETS	9,387,287	9,270,043	6,183,936	5,954,354
Share capital	–	8,884,315	–	8,850,905
CAPITAL AND RESERVES ATTRIBUTABLE TO EQUITY
HOLDERS OF THE COMPANY Share capital	8,888,622	–	8,857,568	–
Share premium	23,440,492	22,791,839	19,013,115	18,440,093
Share-based payment reserve	2,594,221	2,341,590	2,259,959	2,126,752
Merger reserve	(2,697,357)	(2,697,357)	(2,697,357)	(2,697,357)
Translation reserve	(1,114,483)	(1,127,000)	(1,177,045)	(1,032,274)
Retained earnings	(21,724,208)	(20,923,344)	(20,072,304)	(19,733,765)
Shareholders' funds	–	9,270,043	–	5,954,354
TOTAL EQUITY	9,387,287	–	6,183,936	–

Reported in US$ as the company published it. The key figures convert to £ at the rate of each period.

	FY 25 source	FY 24 source
Cash flow from operating activities
Loss for the financial year before tax	(1,252,171)	(2,441,407)
Share-based payments	102,128	(15,026)
Depreciation & Amortisation	2,099	78,574
Interest expense	19,107	15,478
Foreign exchange movements	(45,536)	581,067
Tax paid	-	-
Total cash flow from operating activities	(1,174,373)	(1,781,314)
Changes in working capital
(Increase) / Decrease in trade and other receivables	(37,594)	1,944,531
Decrease in trade and other payables	(721,822)	(53,790)
Cash (used in)/generated from operating activities	(1,933,789)	109,427
Cash outflow from investing activities
Purchase of property, plant & equipment	(2,782)	-
Spend on exploration activities	(1,432,999)	(1,291,111)
Net cash used in investing activities	(1,435,781)	(1,291,111)
Cash flow from financing activities
Issue of ordinary shares net of expenses	4,560,458	1,652,496
Repayments on oil swap financing arrangement	(189,356)	(1,000,000)
Capital payments on lease	-	(86,799)
Interest paid on lease	-	(3,327)
Net cash used in financing activities	4,371,102	562,370
Net increase / (decrease) in cash and cash equivalents	1,001,532	(619,314)
Cash and cash equivalents at beginning of financial year	775,288	1,992,495
Effects of exchange rate changes	(101,896)	(597,893)
Cash and cash equivalents at end of financial year	1,674,924	775,288
Basis of preparation
Basis of consolidation
Going Concern
Monitoring and Forecasting Activities
Key Assumptions and Sensitivities
a. No Jamaican farmout within 12 months
b. Different quantities of warrants exercised upon expiry in October 2026
c. No further warrants exercised
d. Additional equity requirements
New and amended International Financial Reporting Standards adopted by the Group
IAS 21 Lack of Exchangeability (Amendments to IAS 1 January 2025 Yes Immaterial	21)	–

Reported in US$ as the company published it. The key figures convert to £ at the rate of each period.

	H1 26 source	H2 25 calc.	H1 25 source
Cash flows from operating activities
Loss before taxation	(800,864)	–	(338,539)
Adjustments for
Share-based payments	252,631	86,731	15,397
Depreciation & amortisation	671	2,099	-
Interest expense	(20,711)	5,508	13,599
Foreign exchange movements	21,726	75,526	(121,062)
Total adjustments for	(546,547)	–	(430,605)
Decrease / (Increase) in trade and other receivables	35,660	(20,096)	(17,498)
Decrease in trade and other payables	(16,799)	(297,603)	(424,219)
Net cash used in from operating activities	(527,686)	–	(872,322)
Cash flows from investing activities
Purchase of property, plant & equipment	(1,911)	(2,782)	-
Spend on exploration activities	(1,308,414)	(1,128,637)	(304,362)
Net cash used in investing activities	(1,310,325)	(1,131,419)	(304,362)
Cash flows from financing activities
Issue of ordinary shares (net of expenses)	652,959	3,862,963	697,495
Repayments on swap financing arrangement	-	–	-
Net cash generated by financing activities	652,959	–	697,495
(Decrease) / increase in cash and cash equivalents	(1,185,052)	–	(479,189)
Cash and cash equivalents at beginning of period / year	1,674,923	–	775,288
Effects of exchange rate changes	4,611	(15,010)	(86,886)
Cash and cash equivalents at end of period / year	494,482	–	209,213

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	0.0	0.0	0.0
Operating profit	(1.3)	(1.0)	(1.5)
Share-based payments	0.3	0.1	(0.0)
Operating profit to net income
Finance costs	0.0	(0.0)	(0.0)
Profit before tax	(1.3)	(1.0)	(1.5)
Tax	0.0	0.0	–
Net income (owners)	(1.3)	(1.0)	(1.9)
Discontinued operations	0.0	0.1	(0.4)
Per share
EPS basic	–	(3.7p)	(18.3p)
EPS diluted	–	(3.7p)	(18.3p)

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	0.0	n/m	0.0	0.0
Operating profit	(0.6)	n/m	(0.7)	(0.3)
Share-based payments	0.2	n/m	0.1	0.0
Operating profit to net income
Finance costs	0.0	n/m	(0.0)	(0.0)
Profit before tax	(0.6)	n/m	(0.7)	(0.4)
Tax	0.0	n/m	0.0	0.0
Net income (owners)	(0.6)	n/m	(0.7)	(0.3)
Discontinued operations	0.0	n/m	(0.0)	0.1

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	(1.2)	(1.5)	0.1
Tax paid	–	0.0	0.0
Investing activities
Capex (PP&E)	(0.0)	(0.0)	0.0
Financing activities
Lease principal paid	–	0.0	(0.1)
Lease interest paid	–	0.0	(0.0)
Shares issued	3.4	3.5	1.3

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(0.4)	n/m	(0.8)	(0.7)
Investing activities
Capex (PP&E)	(0.0)	n/m	(0.0)	0.0
Financing activities
Shares issued	0.5	−10%	2.9	0.5

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Other intangibles	–	6.6	5.9
Property, plant & equipment	0.0	0.0	0.0
Current assets
Trade receivables	0.1	0.1	0.1
Cash	0.4	1.2	0.6
Current assets	–	1.3	0.7
Current liabilities
Trade payables	0.8	0.8^r	1.5
Borrowings, current	–	0.0	0.2
Equity
Total equity	7.1	6.9	4.7

	30 Jun 26	31 Dec 25	30 Jun 25	31 Dec 24
Non-current assets
Other intangibles	–	6.6	–	5.9
Property, plant & equipment	0.0	0.0	0.0	0.0
Current assets
Trade receivables	0.1	0.1	0.1	0.1
Cash	0.4	1.2	0.2	0.6
Current assets	–	1.3	–	0.7
Current liabilities
Trade payables	0.8	0.8^r	1.0	1.5
Borrowings, current	–	0.0	–	0.2
Equity
Total equity	7.1	6.9	4.5	4.7

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

Company filings. Not investment advice.