PANTHEON RESOURCES PLC (LSE) reports results for the year ended 30 june 2025

2025-12-30 · Stocks · QuoteReporter

The stocks discussed are traded on the London Stock Exchange (LSE). On December 30, 2025, Pantheon Resources plc announced its final financial results for the year ended June 30, 2025. The company, focused on developing the Kodiak and Ahpun oil fields in Alaska, reported a total comprehensive loss after taxation of $5.0 million for the financial year, a notable improvement compared to a loss of $13.4 million in the previous year. This reduction in loss was primarily attributed to non-cash accounting adjustments related to convertible bonds, which offset an increase in general and administrative expenses.

In terms of revenue, Pantheon did not report specific figures, but the financial results indicate a focus on capital raising activities, with approximately $64.0 million raised during the financial year through a combination of convertible bonds and equity issuances. These funds were primarily allocated to the Megrez-1 drilling program, preparatory activities for the Dubhe-1 well, and general administrative expenditures. Following the end of the financial year, the company raised an additional $46.25 million to support ongoing work related to the Dubhe-1 well and to meet corporate needs.

Earnings per share (EPS) figures were not disclosed in the announcement. However, the company emphasized its commitment to maintaining a disciplined approach to capital allocation while investing in its operational capabilities and governance structures. Pantheon reported cash, cash equivalents, and term deposits of $13.2 million as of June 30, 2025, up from $7.9 million in the previous year. Additionally, the company successfully eliminated its Heights convertible bond, reducing the notional principal outstanding from $9.8 million at the end of June 2025 to zero by December 2025.

The company’s guidance indicates a continued focus on operational advancements and strategic initiatives. Pantheon has made significant progress in its engagement with Glenfarne Alaska LNG regarding the proposed Alaska Natural Gas Pipeline, aiming to secure a Gas Sales Agreement. The company is also advancing its development planning and environmental permitting processes, following the independent certification of its resource base in 2024, which identified approximately 1.6 billion barrels of ANS crude and 6.6 trillion cubic feet of natural gas.

Overall, Pantheon Resources plc’s financial results for the year ended June 30, 2025, reflect a strategic focus on investment and preparation for future development activities, with a clear emphasis on strengthening its organizational and technical capabilities. The company is positioning itself to capitalize on its resource potential while ensuring financial discipline and operational readiness as it moves towards its development goals.

Original Announcement

Title: Final Results for the Year Ended 30 June 2025
Date: 2025-12-30
Source: London Stock Exchange