Delay to Publication of 31 Dec 2025 Results

Summary by AI ^BETAClose X

Caspian Sunrise plc has announced a delay in the publication of its audited financial statements for the year ended 31 December 2025, due to the acquiring company of the MJF and South Yelemes structures refusing access to financial records, despite a headline sale price of $88 million with $5 million deferred consideration outstanding. Consequently, trading in the company's shares on AIM will be temporarily suspended from 7:30 a.m. on 1 July 2026, pending the release of these statements, with the delay expected to be a matter of weeks.

Disclaimer*

Caspian Sunrise plc

26 June 2026

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Caspian Sunrise PLC ("Caspian Sunrise" or the "Group")

Delay to Publication of Results for the Year Ended 31 December 2025

The Board of Caspian Sunrise updates the market with news of an expected delay to the publication of the 2025 financial statements.

Background

In July 2025 the Company completed the disposal of the MJF and South Yelemes structures on the BNG Contract Area for a headline price of $88 million of which there remains a $5m deferred consideration amount outstanding, which is due to be paid in monthly instalments over a 12 month period.

Despite numerous requests, the acquiring company has refused access to both the Company and the Company's auditors to the financial records now in their possession. To avoid an unnecessary further delay the Company is considering available options that would enable the issuance of the 2025 financial statements on the basis of the financial information it has access to.

Suspension

Under AIM Rule 19, the Company is required to publish its audited financial statements for the year ended 31 December 2025 by 30 June 2026. As a result of the audit access issues outlined above, the Company announces that the 2025 financial statements will not be finalised by 30 June 2026, and accordingly trading in the Company's shares on AIM will be temporarily suspended with effect from 7.30 a.m. on 1 July 2026, pending publication of the 2025 financial statements. The expected delay is anticipated to be a matter of weeks rather than months.

The Company will update shareholders and the market in due course.

Contacts:

Zeus

James Joyce

James Bavister

Andrew de Andrade

+44 (0) 203 829 5000

This announcement has been posted to:

www.caspiansunrise.com/investors

The person responsible for arranging the release of this announcement on behalf of the Company is Clive Carver, Chairman of the Company.

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