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Kistos PLC
(LSE:KIST)
Select Model
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Rating:44Neutral
Price Target:
269.00 p
▲(78.15% Upside)
Action:Reiterated
Date:06/30/26
The score is driven primarily by below-average financial performance: improving operating and free cash flow provides support, but persistent losses and very elevated leverage materially increase financial risk. Valuation is also constrained by a negative P/E (loss-making) and the absence of dividend yield data, while technical analysis cannot be evaluated from the indicators provided.
Positive Factors
Improving cash generation
A move to positive free cash flow and materially higher operating cash flow provides durable liquidity to fund sustaining capex, service debt, and support field development. Strong cash generation reduces reliance on equity raises and underpins operational continuity over months.
Negative Factors
Very elevated leverage
A sharply higher debt load materially increases financial risk: greater interest expense, tighter covenants, and refinancing exposure. High leverage constrains strategic flexibility, raises default risk if cash generation weakens, and limits capacity for opportunistic investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
A move to positive free cash flow and materially higher operating cash flow provides durable liquidity to fund sustaining capex, service debt, and support field development. Strong cash generation reduces reliance on equity raises and underpins operational continuity over months.
Read all positive factors
Kistos PLC (KIST) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£230.24M
Dividend YieldN/A
Average Volume (3M)223.54K
Price to Earnings (P/E)―
Beta (1Y)0.62
Revenue Growth-4.86%
EPS Growth95.89%
CountryUK
Employees53
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.02
Shares Outstanding83,117,645
10 Day Avg. Volume444,348
30 Day Avg. Volume223,544
Financial Highlights & Ratios
PEG Ratio0.96
Price to Book (P/B)3.99
Price to Sales (P/S)0.79
P/FCF Ratio8.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£325.00Price Target Upside115.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.64
Revenue Forecast (FY)£438.57M
Kistos PLC Business Overview & Revenue Model
Company Description
Kistos plc is an energy company specializing in the production of natural gas, known for its commitment to low carbon intensity operations. The company's primary asset is a significant 60% stake in the Q10-A gas field, located within the Dutch sec...
How the Company Makes Money
Kistos makes money primarily by producing and selling hydrocarbons (natural gas, crude oil, and associated liquids) from the upstream assets in which it holds working interests. Revenue is generated from its share of production volumes sold to mar...
Kistos PLC Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
24
Negative
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 217.41M | 221.51M | 222.83M | 411.51M | 91.64M |
| Gross Profit | 7.92M | 116.95M | 144.41M | 388.58M | 71.66M |
| EBITDA | 92.81M | 38.37M | 90.14M | 374.37M | 76.08M |
| Net Income | -1.86M | -52.00M | -24.68M | 25.96M | -41.01M |
Balance Sheet | |||||
| Total Assets | 912.15M | 819.75M | 816.46M | 613.68M | 357.42M |
| Cash, Cash Equivalents and Short-Term Investments | 164.71M | 113.75M | 194.43M | 211.96M | 77.27M |
| Total Debt | 281.63M | 253.56M | 216.63M | 82.01M | 145.16M |
| Total Liabilities | 869.23M | 782.99M | 734.50M | 510.97M | 286.85M |
| Stockholders Equity | 42.92M | 36.76M | 81.95M | 102.71M | 70.57M |
Cash Flow | |||||
| Free Cash Flow | 20.32M | -40.30M | 83.84M | 271.02M | 21.00M |
| Operating Cash Flow | 144.41M | 103.51M | 203.16M | 290.47M | 41.40M |
| Investing Cash Flow | -131.74M | -196.27M | -138.66M | -66.77M | -123.36M |
| Financing Cash Flow | 133.75K | -9.01M | -104.50M | -83.82M | 160.98M |
Kistos PLC Technical Analysis
Positive
151.00
Price Trends
266.99
Positive
268.03
Positive
228.79
Positive
Market Momentum
6.42
Negative
60.11
Neutral
44.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KIST, the sentiment is Positive. The current price of 151 is below the 20-day moving average (MA) of 259.77, below the 50-day MA of 266.99, and below the 200-day MA of 228.79, indicating a bullish trend. The MACD of 6.42 indicates Negative momentum. The RSI at 60.11 is Neutral, neither overbought nor oversold. The STOCH value of 44.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:KIST.
Kistos PLC Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £241.01M | 17.49 | 5.30% | ― | -11.74% | ― | |
69 Neutral | £99.71M | 3.04 | 34.89% | ― | ― | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | £159.39M | -1.97 | 154.72% | ― | 0.42% | -136.04% | |
54 Neutral | £474.58M | 1,714.62 | 0.54% | 4.36% | -13.35% | -104.39% | |
50 Neutral | £141.25M | -0.52 | -11.54% | ― | -10.76% | 88.89% | |
44 Neutral | £230.24M | -186.25 | -136.50% | ― | -4.86% | 95.89% |
* Energy Sector Average
GB:KIST
Kistos PLC
277.00
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Kistos PLC Corporate Events
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Kistos Sets Virtual AGM for 23 July 2026
Positive
Jun 30, 2026
Kistos Holdings plc has called its Annual General Meeting for 23 July 2026 at 2:00 p.m., which will be conducted as a virtual event. The notice of meeting and proxy form have been distributed to shareholders and are available on the company’...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Kistos hails transformational year as Balder first oil and Oman deal lift reserves and growth outlook
Positive
Jun 26, 2026
Kistos reported that 2025 was a transformational year, with first oil from the Balder Future project via the Jotun FPSO and expansion into onshore assets in Oman, lifting proforma average production to 18,470 boepd and proforma 2P reserves to 48.8...
Business Operations and Strategy
Kistos gains boost as Balder Next project advances with new North Sea wells
Positive
Jun 18, 2026
Kistos has strengthened its position in Norway’s offshore energy sector as partner to Vår Energi on the Balder Next New Wells project in the North Sea, where a final investment decision has been taken on seven new production wells tied ...
Business Operations and StrategyRegulatory Filings and Compliance
Kistos Updates Market on Employee Share Option Allotments
Neutral
May 12, 2026
Kistos Holdings plc has reported its latest block admission return for shares allocated to its 2021 Employee Incentive Plan and 2025 Long-Term Incentive Plan. During the period from 21 October 2025 to 12 May 2026, the company issued 424,997 new sh...
Business Operations and StrategyRegulatory Filings and Compliance
Kistos directors boost holdings as options vest and SIP purchases complete
Neutral
May 11, 2026
Kistos Holdings plc disclosed a series of share transactions by senior executives under its Share Incentive Plan and Employee Incentive Plan. Directors including Executive Chairman Andrew Austin and CEO Peter Mann acquired shares via salary-funded...
Other
Kistos Chairman Retains Voting Control After Court-Ordered Share Transfer
Neutral
May 8, 2026
Kistos Holdings plc has disclosed a transfer of ordinary shares involving its executive chairman, Andrew Austin, arising from property division arrangements linked to his divorce. Under a High Court order, Austin will transfer 50% of the 6,000,000...
Business Operations and StrategyPrivate Placements and Financing
Kistos prices oversubscribed $300m bond to refinance debt and fund Oman expansion
Positive
May 1, 2026
Kistos Holdings has priced a USD 300 million issue of four-year senior secured bonds at par with a 9.875% coupon, drawing oversubscribed demand from a wide base of international institutional investors across the Nordics, the UK and other regions....
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Kistos Boosts Output and Nears Oman Deal as It Prepares New Bond
Positive
Apr 22, 2026
Kistos reported a sharp increase in pro forma production in the first quarter of 2026, averaging 21.8 kboepd, and reiterated full-year guidance of 19–21 kboepd, underpinned by strong Norwegian output. The company ended the period with $204 m...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.