Wildcat Petroleum (WCAT) H1 2026 earnings summary

Executive summary

• Interim results cover 1 July 2025 to 31 December 2025, focusing on ongoing listed company costs and strategic transition from oil to gold sector.

• Board changes included new appointments and resignations, with governance strengthening efforts underway.

• Shareholder approval obtained for cancellation of Main Market listing and intended admission to Aquis Growth Market, pivoting to African gold processing.

• Strategic review led to a proposed shift from petroleum to gold due to challenging oil market conditions and better prospects in gold.

Financial highlights

• Administrative expenses for the six months ended 31 Dec 2025 were £124k, down from £154k year-over-year.

• Operating loss for the period was £124k, compared to £154k in the same period last year.

• Loss per share was (0.00004), improved from (0.00005) year-over-year.

• Cash and cash equivalents at 31 Dec 2025 were £97k, with net current assets of £66k.

• £50,000 (£45,000 net) raised via share placement in October 2025 for working capital.

Outlook and guidance

• Board intends to pursue gold sector opportunities, aiming to develop as an African-based gold processing business.

• Plans to fundraise before end of March 2026 to support corporate activity for at least twelve months.

• Further funding expected in 2Q 2026 to complete Aquis move and fund projects.

• Focus on rapid gold production, maximizing shareholder returns through dividends.