Business
Results for six-month period ended 31 March 2025
UK Oil & Gas PLC reported unaudited interim results for the six months ended 31 March 2025, revealing a retained loss of £1.37 million compared to a £1.43 million loss in the first half of 2024. Revenue decreased to £0.31 million from £0.63 million due to lower production volumes. The cost of sales increased to £0.78 million, resulting in a gross loss of £0.47 million, a shift from the previous year's £0.22 million profit. Administrative expenses were significantly reduced to £0.44 million. The company reported an operating loss of £0.91 million. Non-current assets totaled £2.7 million. The company sold its subsidiary UKOG (GB) Limited for £400,000. Basic and diluted loss per share was 0.0004 pence. Disclaimer*
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n\n 30 September 2025\nUK OIL & GAS PLC\n(\"UKOG\" or the \"Company)\n \nUnaudited results for the six-month period ended 31 March 2025\n \nUK Oil & Gas Plc (AIM: UKOG) is pleased to announce its Interim Results for the period ended 31 March 2025. A copy of the Interim Results will also be made available on the Company's website: www.ukogplc.com.\n \nFollowing the publication of the 2024 Annual Report and the 2025 Interim Report today, it is expected that the suspension of trading the Company's ordinary shares will be lifted and trading will resume as soon as the annual report and 2025 interim results are available on the Company's website.\n \nCHIEF EXECUTIVE'S STATEMENT\n \nI am pleased to present the unaudited results of UK Oil & Gas PLC (\"UKOG\") for the six-month period ended 31 March 2025.\n \nThe Company is advancing its transition from a petroleum exploration company to a pioneering clean energy developer with a bold vision to deliver nationally significant salt cavern hydrogen storage projects in South Dorset and East Yorkshire. This transition is fully in line with the Government's Clean Power 2030 target. We regard our planned at scale storage projects to be key enablers to deliver the government's clean power and decarbonisation targets in the south and north-east of the UK.\n \nOur South Dorset project remains the sole planned at scale hydrogen storage project ...