Business
Full Year Results for year ended 31 December 2025
Reabold Resources plc reported a loss of £7.9 million for the year ended December 31, 2025, an increase from the previous year's loss of £3.4 million, primarily due to a £4.0 million non-cash impairment charge related to its investment in Danube. The company increased its interest in Rathlin Energy (UK) Limited to 79.8%, giving it a 69.9% economic interest in the West Newton project, and also increased its stake in LNEnergy to 47.6%. Post-year-end, Reabold raised £4.2 million in April 2026 to fund the West Newton A-2 well recompletion, and has since completed the first stage of its LNEnergy divestment to Beacon Energy. Disclaimer*
About this update from Reabold Resources Plc
[{"type":"text","content":"\n\n30 June 2026\nReabold Resources plc\n(\"Reabold\" or the \"Company\")\n \nFull Year Results for the year ended 31 December 2025\n \nReabold Resources plc, the investing company focused on developing strategic gas projects for European energy security, today announces its audited financial results for the year ended 31 December 2025 and the Annual Report is publicly available at https://reabold.com/presentations.\n2025 Highlights\n \nRathlin Energy (UK) Limited (\"Rathlin\") and West Newton - PEDL 183\n \n· Reabold increased its interest in West Newton via the acquisition of 20.4% of the shares in Rathlin from Connaught Oil & Gas Limited for a total cash consideration of £700,000. Reabold's total shareholding in Rathlin now stands at 79.8%, and its economic interest in West Newton stands at 69.9%.\n \n· In August 2025, Reabold announced the potential use of gas produced from the existing wells at West Newton to generate on-site electricity and power crypto mining activities, and that it had entered into a non-binding Letter of Intent (\"LOI\") with 360 Energy, Inc. to scope and design a potential bitcoin mining solution at West Newton, subject to regulatory and third-party approvals.\n \n· In March 2025, Paul Harris, former CEO of NEO Energy, was appointed to the Board of Rathlin.\n \nLNEnergy - Colle Santo gas field, Italy\n \n· In August 2025, LNEnergy's Small Scale-LNG development plan in Colle Santo, Italy, was granted a positive opinion by the Independent Environmental Impact Assessment (\"EIA\") Commission of the Italian Ministry for the Environment and Energy Security - a significant milestone towards the final EIA Ministerial Decree and the award of the Natural Gas Production Concession.\n \n· In March 2025, LNEnergy Limited (\"LNEnergy\") acquired the entire outstanding issued share capital of LNEnergy S.r.l. LNEnergy S.r.l is the Italian company that has a 90% interest in the Colle Santo gas field in the Abruzzo region of Italy, a highly material gas resource with an estimated 65Bcf of 2P reserves1.\n1 RPS estimate, September 2022\n· During the year, Reabold increased its interest in LNEnergy from 29.2% to 4...
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