Business
Annual Report and Full Year Results
Helix Exploration PLC has released its audited Annual Report for the year ended 30 September 2025, detailing a year of significant transformation with the commencement of production at its Rudyard Project post-period end, exceeding expectations with strong flow rates and helium concentrations up to 1.2%. The company successfully completed a £4.5 million institutional fundraise in June 2025 and a further £2.2 million in March 2026 to support operations and working capital. Financially, the company reported intangible assets of £9,819,000 and property, plant, and equipment of £3,687,000 as of 30 September 2025, with total assets increasing to £16,777,000 from £9,150,000 in the prior year, while the net loss for the year was £1,864,000. Disclaimer*
About this update from Helix Exploration Plc
[{"type":"text","content":"\n\n26 March 2026\nHelix Exploration PLC\n \n(\"Helix Exploration\" or \"Helix\" or the \"Company\")\n \nAnnual Report and Full Year Results\n \nHelix Exploration, the helium exploration and development company with near-term production assets within the Montana Helium Fairway, is pleased to announce its audited Annual Report and Financial Statements for the year ended 30 September 2025 (\"Annual Report\") which have been sent to shareholders and published on the Company's website at:\n \nhttps://www.helixexploration.com/investors/company-documents/\n \nHighlights:\n· Year of significant transformation, building on the Group's successful IPO in 2024 and laying the foundations for the next stage of growth\n· Commencement of production at Rudyard Project post period end, marking a major milestone for the Company\n· Rudyard exceeded expectations, with successful testing of Linda #1, Weil #1 and Inez #1 confirming excellent reservoir quality, strong flow rates and helium concentrations of up to 1.2%\n· Scalability and upside demonstrated, with results supporting multiple production wells, meaningful cash flow potential over the life of the project, and further upside from ongoing evaluation at Inez and additional planned wells\n· Processing facility fully operational post year-end, featuring a cost‑effective Xebec PSA plant, positioning Helix as one of the most efficient helium production platforms in North America and establishing the Company as the first helium producer in Montana\n· Strong financial position, following a £4.5 million institutional fundraise in June 2025 to bring the Group to production and a further £2.2 million raised post period end in March 2026 to provide working capital headroom while negotiating offtake agreements\nKeith Spickelmier, Non-Executive Chairman, said:\n \n\"FY2025 has been a year of significant transformation for Helix. We have delivered exceptional operational progress at Rudyard and, subsequent to the period end, achieved the major milestone of first production. With a high‑quality asset base, an efficient production platform and a strong financial position, Helix is well‑placed for its ...