The opening of Navitas Petroleum 's website to users in Argentina has revealed highly relevant documentation that, until now, had remained under strict corporate secrecy. A detailed analysis of its consolidated Annual Financial Report , approved on March 17, 2026, by the board of directors in Tel Aviv, exposes how the economic viability of this multinational is almost desperately tied to the plundering of the Argentine continental shelf .

The balance sheet reveals monumental figures, scandalous fiscal maneuvers, and very long-term sovereignty commitments that shatter, once and for all, the diplomatic lie that it is a mere "private undertaking" outside the control of the state and global finance .

For a clear understanding by our readers, Agenda Malvinas has divided the 103-page document into five journalistic reports: 1) The $183 Million Tax Fraud; 2) Who Finances the Looting; 3) The Silent Territorial Expansion; 4) 35-Year Licenses and Environmental Deregulation; 5) The Distribution of Stolen Wealth.

The $183 million trick: How the Malvina Islands colony "saved" the balance sheet of the oil company Navitas

To understand how the plunder in the South Atlantic is financed, one must examine the accounting books of these companies. In its latest annual report, the Israeli oil company Navitas Petroleum declared a profit of USD 178.6 million. At first glance, it appears to be an extremely successful company. But when one reads the fine print of the report audited by the firm EY ( Kost Forer Gabbay & Kasierer) in Tel Aviv, a monumental deception is revealed: that profit is an "accounting trick" gifted to them by the colonial government occupying our islands.

What is "Deferred Tax"?

In the business world, when a company incurs losses in a country, the law allows it to record those losses as a "tax credit" to avoid paying taxes in the future when it starts making money. This is called a Deferred Tax Asset . It is, essentially, a tax credit voucher for the future.

The colonial "gift" in the islands

Before Navitas acquired 65% of the Sea Lion field, other British oil companies (such as Premier Oil and Harbour Energy ) spent years illegally drilling in the Argentine Sea without success, accumulating losses of more than USD 765 million.

When Navitas bought Harbour Energy's stake, the Malvina Islands colonial government allowed it to "inherit" those losses and transform them into a tax credit in its favor worth USD 183 million .

By signing the Final Investment Decision (FID) in December 2025, Navitas recorded that $183 million tax "gift" on its balance sheet, listing it as if it were real money it already owned.

In the actual balance sheet, Navitas is in the red.

If we subtract the tax break granted by the British colony, Navitas' overall financial result for 2025 showed real losses of USD 4.4 million . Without the tax protection afforded by the occupation of the Malvina Islands, the flagship oil company of the libertarian model would be reporting losses to its investors on the Tel Aviv Stock Exchange today.