United States Securities and Exchange Commission · EDGAR Accession 0002014861-26-000014

Form C-AR

Annual Report — Regulation Crowdfunding
Issuer CIK 2014861
Period 2025-12-31

Pytheas Energy Inc.

CorporationNVIncorporated 2024Aventura, FLpytheasenergy.com
B

Financial Condition

two fiscal years, as filed
Revenue −40% YoYBurn increasingDebt / assets 82%1 employee
Line itemMost recent FYPrior FYΔ
Revenue108,798181,027▼ 40%
Cost of goods sold0(0)▲ 100%
Net income(5,778,132)(3,477,580)▼ burn
Total assets9,452,9924,488,150▲ 111%
Cash & equivalents2,257,909195,825
Accounts receivable41,0480
Short-term debt6,339,6983,358,604▲ 89%
Long-term debt1,396,7770
Taxes paid00

Figures in USD as reported by the issuer.