REG - Pennpetro Energy PLC - Update on Audit for 2024/25 accounts

Pennpetro EnergyAnnouncement

19/02/2026 11:00

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RNS Number : 6886T  Pennpetro Energy PLC  19 February 2026

19 February 2026

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Update on Audit for  2024/25 accounts

Pennpetro Energy plc, the company focused on developing strategic traditional
and transition energy projects, notes that it has received an update regarding
the timeline from the Company's auditors relating to the 2024/25 accounts and
interim statement for 2025/26.

The auditors are due to complete their remaining procedures by the end of this
week, 20(th) February 2025 as previously announced.

However, the Company believes that in order for it to satisfy the regulatory
authorities to the fullest extent we should take the extra time to be sure and
certain of the quality and integrity of the accounts. Therefore the Company is
comfortable with Crowe taking a further week to fully satisfying the integrity
of the audit, corporate governance aspect, and expect Crowe to issue their
auditor's report by 27 February 2026.

From this point the Board of Pennpetro will review and publish the audited
2024/25 accounts, and understand from Crowe that the interim accounts for the
period 2025/26 will follow very shortly afterwards, at this point the Company
will request to return to trading on the London Stock Exchange.

Richard Spinks, Executive Chairman added: "We continue to work with the
Company's auditors to ensure we can publish the final set of overdue accounts
as soon as possible, and then the interim accounts for 2025/26 very shortly
after that. Our auditors would like additional time to ensure the audit
process is fully compliant and we are comfortable with this. At the point we,
as the Board of Directors, are happy with the accounts we will publish the
2024/25 audited accounts, interims, and then request to trading on the London
Stock Exchange."

ENDS

For further information, contact:

 Pennpetro Energy Plc                    c/o Camarco

 Richard Spinks                          +44 (0) 20 3757 4980
 Capital Plus Partners Limited - Broker  +44 (0) 20 7432 0501

 Jon Critchley
 Camarco - Financial PR                  +44 (0) 20 3757 4980

 Andrew Turner | Fergus Young            ppp@camarco.co.uk

 

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