Zenith Energy Ltd - Publication of 2026 FY Annual Audited Report
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Publication of 2026 FY Annual Audited Report
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA; XSAT: ZENA SDR), the international energy production and development company, is pleased to publish its independently audited financial results for the financial year ended
The Annual Report can be viewed here: http://www.rns-pdf.londonstockexchange.com/rns/0611O_1-2026-7-27.pdf
A copy of the Annual Report will also be made available for review on the Company's website: www.zenithenergy.ca.
Key Highlights
During the financial year ended
· The Group generated revenues from oil and natural gas of
· Inventory consists of
· The Company sold 178,778 thousand cubic feet of natural gas ("Mcf") of natural gas from its Italian assets, as compared to 185,080 mcf of natural gas in the 2025 similar period.
· The Company sold 12,121 Megawatt-hour ("MWh") of electricity from its Italian assets, as compared to 11,321 MWh of electricity in the 2025 similar period.
The loss for the financial year was significantly impacted by the following extraordinary items:
· Extraordinary legal, advisory, administrative and Court costs related to the arbitration proceedings against the
· Non-cash items, including the fair value calculation of the stock options issued, totalling
· Costs associated with the listing on the Spotlight Stock Market in
In addition, in light of the continuing uncertainty arising from the actions of the
· Impairment of the Company's asset in
· Impairment of the inventory of oil produced in
"The financial results for the year reflect a period of significant strategic investment rather than the underlying performance of the business. The reported loss was primarily driven by non-recurring legal costs sustained in advancing our international arbitration proceedings against the
During the year, we continued to transform Zenith into a more diversified international energy company. We significantly expanded our renewable energy platform in
Our international legal proceedings remain one of the Company's most significant value drivers. Across the ICSID and ICC proceedings, our wholly owned subsidiary claimants are pursuing aggregate claims of approximately
The Company enters the new financial year with considerable momentum across each of its core strategic pillars. Alongside the continued advancement of the arbitration proceedings, we are progressing a growing portfolio of energy assets spanning conventional energy, renewable power and uranium, with a clear focus on creating sustainable long-term shareholder value. The foundations established during the year position Zenith strongly for the opportunities ahead."
Further Information:
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Zenith Energy Ltd
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Tel: +1 (587) 315 1279 |
Notes to Editors:
Zenith Energy Ltd. is a revenue generating, independent energy company with energy production, exploration and development assets in
Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.
For more information, please visit: www.zenithenergy.ca
Twitter: @zenithenergyltd
LinkedIn: https://bit.ly/3A5PRJb
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
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