Kistos PLC (KIST) AI Stock Analysis

• Market Cap: £181.47M
• Dividend Yield: N/A
• Average Volume (3M): 223.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.44
• Revenue Growth: -16.87%
• EPS Growth: 21.18%
• Country: UK
• Employees: 52
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.11
• Shares Outstanding: 82,863,750
• 10 Day Avg. Volume: 444,348
• 30 Day Avg. Volume: 223,544
• PEG Ratio: -0.02
• Price to Book (P/B): 2.86
• Price to Sales (P/S): 0.47
• P/FCF Ratio: -2.61
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £285.00
• Price Target Upside: 88.74% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: 206.00p ▲(36.42% Upside)

The overall stock score is primarily impacted by the company's weak financial performance and poor valuation metrics. Technical analysis provides a slightly positive outlook with a short-term bullish trend, but the negative MACD and oversold Stochastic suggest caution. The absence of earnings call data and corporate events limits further insights.

Positive Factors

North Sea asset focus & technical expertise

A concentrated North Sea strategy and in-house technical expertise create durable operational advantages: access to existing infrastructure, basin knowledge that lowers development risk and costs, and the ability to optimize production—supporting sustainable value creation over months.

Positive underlying EBITDA

A 17% EBITDA margin indicates the core producing assets generate operating cash profitability despite headline losses. This underlying cash generation can support near-term operations and reinvestment if maintained, making recovery more feasible than for firms with negative EBITDA.

Partnerships and shared-infrastructure potential

Ability to pursue JVs and share infrastructure reduces capital intensity and spreads exploration and development risk. Structurally, this improves capital efficiency and optionality, enabling growth or sustainment of production with lower balance-sheet strain over the medium term.

Negative Factors

Weak balance sheet and rising leverage

A sharply reduced equity base and low equity ratio signal high leverage and limited loss-absorbing capacity. This constrains financing flexibility, raises refinancing and covenant risk, and limits the company's ability to fund capex or pursue deals without dilutive or costly financing over the coming months.

Negative free cash flow and deteriorating operating cash flow

Persistent negative free cash flow driven by rising capex and weaker operating cash reduces liquidity and raises the need for external funding. Over a multi-month horizon, this pressure can limit maintenance spending, delay projects, and increase dependency on equity or high-cost debt financing.

Declining revenue and margin compression

Steep revenue decline and gross-margin erosion reflect either price, cost, or production issues that weaken the business's resilience. Margin compression reduces the buffer against commodity swings and undermines the company's ability to restore positive net income and self-fund growth over the medium term.

Kistos PLC Business Overview & Revenue Model

Company Description

Kistos PLC (KIST) is a UK-based independent energy company engaged primarily in the exploration and production of oil and gas. The company focuses on acquiring and developing assets in the North Sea, leveraging its technical expertise to optimize production and maximize value. Kistos aims to play a significant role in the transition to a lower carbon economy while maintaining a strong commitment to operational efficiency and sustainability.

How the Company Makes Money

Kistos PLC generates revenue primarily through the sale of hydrocarbons, including natural gas and oil, produced from its exploration and production activities in the North Sea. The company earns income by selling production to various markets, including wholesale energy markets and direct contracts with end-users. Key revenue streams include the sale of gas at prevailing market prices and potential long-term contracts that provide price stability. Additionally, Kistos may benefit from partnerships with other energy companies for joint ventures, exploration agreements, and shared infrastructure investments, which can enhance revenue opportunities and reduce operational risks. The company's focus on cost-effective production and strategic asset management also plays a crucial role in its financial performance.

Kistos PLC Financial Statement Overview

Summary

Kistos PLC is facing significant financial challenges with declining revenues, negative net income, and increasing leverage. The company's operational efficiency has deteriorated, and liquidity issues are evident with negative free cash flow.

Income Statement

The company has experienced a significant decline in revenue and profitability. Gross profit margin dropped from 94.44% in 2022 to 52.81% in 2024, and net profit margin turned negative. Despite a positive EBITDA margin of 17.31% in 2024, EBIT remains negative, indicating operational challenges.

Balance Sheet

The balance sheet shows a weakening financial position with a declining equity base, from $102.71 million in 2022 to $36.76 million in 2024. The debt-to-equity ratio has increased significantly, indicating high leverage and potential financial risk. The equity ratio decreased to 4.48% in 2024, reflecting low asset backing by equity.

Cash Flow

The cash flow analysis reveals a concerning trend with negative free cash flow of -$40.30 million in 2024 due to higher capital expenditures. Operating cash flow decreased significantly from 2023 to 2024, which, coupled with negative free cash flow, suggests potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	183.83M	221.51M	207.00M	411.51M
Gross Profit	108.96M	116.95M	128.57M	388.58M
EBITDA	41.13M	38.37M	90.14M	374.37M
Net Income	-36.44M	-52.00M	-24.68M	25.96M
Balance Sheet
Total Assets	933.20M	819.75M	816.46M	613.68M
Cash, Cash Equivalents and Short-Term Investments	83.88M	113.75M	194.43M	211.96M
Total Debt	260.92M	253.56M	216.63M	82.01M
Total Liabilities	901.48M	782.99M	734.50M	510.97M
Stockholders Equity	31.72M	36.76M	81.95M	102.71M
Cash Flow
Free Cash Flow	15.73M	-40.30M	83.84M	271.02M
Operating Cash Flow	115.23M	103.51M	203.16M	290.47M
Investing Cash Flow	-99.93M	-196.27M	-128.25M	-66.77M
Financing Cash Flow	-2.14M	-9.01M	-104.50M	-83.82M

Kistos PLC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 151.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 184.88, below the 50-day MA of 175.18, and below the 200-day MA of 162.75, indicating a bullish trend. The MACD of 8.04 indicates Negative momentum. The RSI at 69.49 is Neutral, neither overbought nor oversold. The STOCH value of 74.94 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAVE	69 Neutral	£148.26M	1.15	34.81%	―	7.74%	―
PHAR	66 Neutral	£86.63M	21.21	1.91%	6.46%	-9.43%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GENL	55 Neutral	£176.21M	-4.02	-11.54%	―	-0.20%	-25.68%
JSE	54 Neutral	£136.08M	8.90	56.01%	―	4.56%	―
CNE	52 Neutral	£157.88M	-9.63	-6.29%	―	-32.66%	72.67%
KIST	44 Neutral	£181.47M	-4.82	-92.03%	―	-16.87%	21.18%

Kistos PLC Corporate Events

Kistos lifts output, strengthens balance sheet and expands into Oman with value-accretive deal

Kistos reported that 2025 proforma exit production reached 22,700 boepd including its pending Omani interests, while actual average production of 9,000 boepd came in at the top end of guidance, supported by strong performance from Norway’s Balder area following start-up of the Jotun FPSO and Balder Future wells. Year-end proforma net 2P reserves are estimated at 49 mmboe, with 2026 proforma production guidance reaffirmed at 19,000–21,000 boepd. Financially, the company ended 2025 with $199 million of cash and near-cash, boosted by Norwegian tax rebates, and adjusted net debt of approximately $81 million, leaving the balance sheet positioned to fund further growth. Operational progress included final investment decisions on Balder Phase VI and the first phase of the Balder Next debottlenecking and drilling programme, improved uptime at the Q10-A asset in the Netherlands, and the restart project for the Hole House gas storage facility, which will lift storage capacity by 63% over two years. Strategically, the binding agreement to acquire interests in Omani Blocks 9, 3 and 4—expected to add 25.6 mmboe of 2P reserves at about $5.80 per barrel of oil equivalent—marks a significant geographic diversification beyond the North Sea and gives Kistos exposure to high-quality onshore assets with growth potential, while the anticipated assumption of operatorship of the Greater Laggan Area by Serica Energy is expected to unlock additional infill drilling and tie-back opportunities, underlining the company’s focus on both organic growth and further value-accretive M&A in the North Sea and MENA regions.

The most recent analyst rating on (GB:KIST) stock is a Hold with a £170.00 price target. To see the full list of analyst forecasts on Kistos PLC stock, see the GB:KIST Stock Forecast page.

Kistos Expands into MENA with Strategic Acquisition in Oman

Kistos Holdings PLC has announced a strategic acquisition of interests in Block 9 and Blocks 3 & 4 onshore Oman, marking its entry into the MENA region. This $148 million acquisition, funded from existing cash, is expected to be immediately cash-generative and will add significant reserves and production capacity to Kistos’ portfolio. The move aligns with Kistos’ strategy to diversify geographically and enhance its production capabilities, complementing its existing North Sea assets and providing a platform for long-term growth and increased cash flow.

The most recent analyst rating on (GB:KIST) stock is a Hold with a £149.00 price target. To see the full list of analyst forecasts on Kistos PLC stock, see the GB:KIST Stock Forecast page.

Kistos Holdings PLC Seeks Block Admission for Share Options

Kistos Holdings PLC has applied for a block admission of 2,000,000 ordinary shares to be traded on AIM, in line with their Employee Incentive and Long-Term Incentive Plans. This move is part of their strategy to incentivize employees and align their interests with the company’s growth, potentially impacting shareholder value and market positioning.

The most recent analyst rating on (GB:KIST) stock is a Hold with a £156.00 price target. To see the full list of analyst forecasts on Kistos PLC stock, see the GB:KIST Stock Forecast page.