Business
Interim Results
Deltic Energy Plc announced its unaudited interim results for the six months ended 30 June 2025. The company reported a loss of £1.0 million, compared to a loss of £1.3 million for the same period in 2024, before the impairment of Pensacola. The company's cash balance decreased from £1.4 million at the start of the year to £0.3 million. To support liquidity, Deltic entered a two-year term loan agreement with Viaro Bidco for £2.7 million, accruing interest at 10% per annum, to settle £1.3 million of liabilities due to Shell and for working capital. Exploration assets increased by £0.3 million to £2.2 million, reflecting spending on the Selene discovery. The company's acquisition by Viaro Bidco is expected to complete in early Q4 2025. Disclaimer*
About this update from Deltic Energy Plc
[{"type":"text","content":"\n\nDeltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources\n \n24 September 2025\n \n\n \nDeltic Energy Plc (\"Deltic\" or \"the Company\")\nInterim Results\n \nDeltic Energy Plc (\"Deltic\" or the \"Company\"), the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern North Sea (\"SNS\") is pleased to announce its unaudited interim results for the six months ended 30 June 2025, which are summarised below.\n \nFor further information please contact the following:\n \n\n\n\n\nDeltic Energy Plc \n\n\nTel: +44 (0) 20 7887 2630 \n\n\n\n\nAndrew Nunn / Sarah McLeod \n\n\n\n\n\n\n\n \nAllenby Capital Limited (Nominated Adviser) \n\n\n \nTel: +44 (0) 20 3328 5656\n\n\n\n\nDavid Hart / Alex Brearley (Corporate Finance)\n\n\n\n\n\n\n\n \nCanaccord Genuity Limited (Broker)\nAdam James / Charlie Hammond\n \n\n\n \nTel: +44 (0) 20 7523 8000\n\n\n\n\nVigo Consulting (IR Adviser) \n\n\nTel: +44 (0) 20 7390 0230\n\n\n\n\nPatrick d'Ancona / Finlay Thomson\n\n\n\n\n\n\n\n \nChairman's Statement\n \nThis is clearly a time for reflection on our company and our industry.\n \nCluff Natural Resources, then Deltic, formed a very simple business plan that was not able to be followed previously:\n ...