IN BRIEF: Cadogan Energy Solutions shares rise amid increasing revenue

Cadogan Energy Solutions PLC - "multi-energy company" with gas-to-power production in Ukraine and gas exploration projects in Italy - Reports pretax loss of USD718,000 in first half of 2026, swung from a USD907,000 profit a year before. Revenue rises 78% to USD5.5 million from USD3.1 million and gross profit more than doubles, but Cadogan takes a USD451,000 net foreign exchange loss, compared to a gain of USD1.5 million a year before. Average oil production over the recent six months is 330 barrels per day, up slightly from 326 a year before, while average electricity production is 61.2 megawatt hours per day.

Cadogan notes that the gas-to-power infrastructure at the Blazhiv field in western Ukraine became operational in February. The company aims to use non-commercial gas associated with its oil production there to generate electricity for sale. Cadogan said that while the war in Ukraine continued to affect its production in the first half, all employees and assets remained safe. The company has USD18 million in cash on June 30, down from USD20.1 million a year before. Cadogan says capital is sufficient to fund operations for the foreseeable future.

Current stock price: 4.45 pence, closed up 19% in London on Monday

12-month change: up 11%

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