Update on Audit for 2024/25 accounts

Summary by AI ^BETAClose X

Pennpetro Energy Plc has provided an update on its 2024/25 accounts audit, indicating that while auditors are expected to complete remaining procedures by February 20th, 2025, the company is comfortable allowing an additional week for Crowe to ensure full integrity and corporate governance compliance. Consequently, the auditor's report is now anticipated by February 27th, 2026, after which the Board will review and publish the audited 2024/25 accounts and the interim 2025/26 statement, with a request to resume trading on the London Stock Exchange to follow shortly thereafter.

Disclaimer*

Pennpetro Energy PLC

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

Richard Spinks

c/o Camarco

+44 (0) 20 3757 4980

Capital Plus Partners Limited - Broker

Jon Critchley

+44 (0) 20 7432 0501

Camarco - Financial PR

Andrew Turner | Fergus Young

+44 (0) 20 3757 4980

ppp@camarco.co.uk

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