ADX Energy (AU:ADX)
ASX:ADX
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ADX Energy
(Sydney:ADX)
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Rating:42Neutral
Price Target:
AU$0.02
▼(-23.33% Downside)
Action:Reiterated
Date:06/27/26
The score is held down primarily by weak financial performance—persistent losses and structurally negative free cash flow imply ongoing funding risk. Technicals add further pressure with price trading below key moving averages and negative MACD. Valuation is not supportive given a negative P/E (loss-making) and no dividend yield data.
Positive Factors
Asset base in Austria & Italy
ADX’s concentrated upstream asset base in Austria and Italy gives it durable operational optionality in stable European jurisdictions. That geographic focus supports long-term development potential, access to existing infrastructure and regulatory predictability for multi‑year projects.
Negative Factors
Persistent negative cash generation
Chronic negative operating cash flow and perennial free cash flow deficits force reliance on external capital and create recurring funding risk. Over the medium term this constrains the company’s ability to self‑fund exploration, carry development work or sustain capital programs without dilution.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset base in Austria & Italy
ADX’s concentrated upstream asset base in Austria and Italy gives it durable operational optionality in stable European jurisdictions. That geographic focus supports long-term development potential, access to existing infrastructure and regulatory predictability for multi‑year projects.
Read all positive factors
ADX Energy (ADX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$21.57M
Dividend YieldN/A
Average Volume (3M)1.58M
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth3.57%
EPS Growth-43.48%
CountryAU
Employees4
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.02
Shares Outstanding898,727,970
10 Day Avg. Volume1,157,866
30 Day Avg. Volume1,579,211
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.98
Price to Sales (P/S)1.42
P/FCF Ratio-1.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
ADX Energy Business Overview & Revenue Model
Company Description
ADX Energy Ltd specializes in the exploration, evaluation, and extraction of oil and gas reserves. The company's diverse portfolio of projects spans multiple European regions, encompassing the Gaiselberg and Zistersdorf fields in the Vienna Basin,...
How the Company Makes Money
ADX makes money through upstream oil and gas operations and related asset transactions. Revenue (when applicable) is generated primarily from the sale of produced hydrocarbons (oil, natural gas, and/or condensate) from fields in which ADX holds wo...
ADX Energy Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
43
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.50M | 10.14M | 12.88M | 14.45M | 9.66M |
| Gross Profit | -7.33M | -4.66M | -3.60M | 2.39M | 3.75M |
| EBITDA | -7.05M | -2.85M | -695.46K | 598.99K | -1.82M |
| Net Income | -11.79M | -7.87M | -4.06M | -2.30M | -4.17M |
Balance Sheet | |||||
| Total Assets | 43.77M | 51.27M | 42.64M | 32.66M | 36.14M |
| Cash, Cash Equivalents and Short-Term Investments | 4.76M | 9.08M | 8.01M | 3.57M | 5.94M |
| Total Debt | 2.76M | 3.04M | 3.23M | 1.47M | 4.79M |
| Total Liabilities | 28.98M | 28.54M | 26.89M | 20.26M | 24.45M |
| Stockholders Equity | 7.52M | 14.94M | 7.63M | 4.02M | 3.21M |
Cash Flow | |||||
| Free Cash Flow | -7.61M | -29.49M | -8.01M | -2.27M | -3.08M |
| Operating Cash Flow | -3.48M | -1.77M | -2.92M | 3.64M | -2.25M |
| Investing Cash Flow | -3.59M | -10.31M | 456.61K | -4.83M | 174.01K |
| Financing Cash Flow | 2.55M | 13.04M | 6.77M | -1.19M | 5.97M |
ADX Energy Technical Analysis
Negative
0.03
Price Trends
0.03
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
42.75
Neutral
58.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ADX, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.75 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ADX.
ADX Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | AU$16.88M | -14.41 | -6.54% | ― | 27.55% | -60.00% | |
52 Neutral | AU$23.98M | 2.17 | 30.01% | ― | -17.90% | ― | |
49 Neutral | AU$15.13M | -40.00 | -6.67% | ― | ― | -283.33% | |
46 Neutral | AU$20.81M | -0.52 | -75.72% | ― | -25.04% | -192.86% | |
43 Neutral | AU$14.93M | -1.64 | -35.17% | ― | ― | 64.71% | |
42 Neutral | AU$21.57M | -1.21 | -126.10% | ― | 3.57% | -43.48% |
* Energy Sector Average
AU:ADX
ADX Energy
0.02
>-0.01
-22.58%
AU:ATS
Australis Oil & Gas
0.02
<0.01
36.36%
AU:BRU
Buru Energy
0.01
-0.01
-52.17%
AU:MAY
Melbana Energy Limited
0.01
-0.01
-54.55%
AU:OEL
Otto Energy Limited
―
―
―
AU:BAS
Bass Oil Ltd
0.05
0.03
130.00%
ADX Energy Corporate Events
ADX Energy posts strong initial gas flow from Hochfeld-1 test in Austria
Jun 21, 2026
ADX Energy has reported encouraging initial test results from its Hochfeld-1 shallow gas exploration well in Upper Austria, the first of three planned shallow gas prospects in the region. The well has intersected up to eight gas-bearing sand inter...
ADX Energy Reports Strong Initial Gas Flow From HOCH-1 Well in Austria
Jun 18, 2026
ADX Energy has reported a successful initial production test from the HOCH-1 shallow gas exploration well in Upper Austria, the first of three planned shallow gas prospects in the region. The well, operated by ADX with a 50% economic interest, int...
ADX Energy Updates Registered Office and Principal Place of Business
Jun 8, 2026
ADX Energy Ltd has updated investors that its registered office and principal place of business have been relocated to Level 1, 168 Stirling Highway in Nedlands, Western Australia. The company emphasized that its telephone and email contact detail...
ADX Energy Director Ian Tchacos Increases Equity Stake
Jun 1, 2026
ADX Energy has disclosed changes in the holdings of director Ian Tchacos, detailing an increase in his direct stake in the company’s fully paid ordinary shares and unlisted options. The update, lodged with the ASX, reflects the acquisition o...
ADX Energy boosts director Paul Fink’s equity-based compensation
Jun 1, 2026
ADX Energy has reported a change in the holdings of director Paul Fink, who increased his direct stake through an issue of shares and options. The update reflects the company’s practice of partially remunerating directors and consultants in ...
ADX Energy boosts director stake through equity-based fee payment
May 31, 2026
ADX Energy has increased director Edouard Etienvre’s equity stake under its shareholder-approved Directors’ Share Plan, issuing him 112,069 fully paid ordinary shares directly and 197,198 shares indirectly via NGX Commodities Ltd. Thes...
ADX Energy Issues New Shares Under Corporations Act Exemption
May 29, 2026
ADX Energy has issued 3,371,620 ordinary fully paid shares without a disclosure document under the Corporations Act’s exemption provisions. The company states it remains compliant with its financial reporting and continuous disclosure obliga...
ADX Energy Issues Shares to Settle Consulting Fees
May 29, 2026
ADX Energy Ltd has issued 2,694,356 fully paid ordinary shares on the ASX as part of its latest capital-related move. The shares were issued in lieu of a portion of consulting fees for the quarter ended 31 March 2026, representing a non-cash payme...
ADX Energy Seeks ASX Quotation for Additional Ordinary Shares
May 29, 2026
ADX Energy Ltd has applied for quotation on the ASX of 677,264 ordinary fully paid shares, with an issue date of 29 May 2026. The newly quoted securities stem from previously announced transactions, indicating a modest expansion of the companyR...
ADX Energy Issues 889,010 New Unlisted Options Expiring in 2030
May 29, 2026
ADX Energy Ltd has notified the market of the issue of 889,010 unlisted options with a nil exercise price and an expiry date of May 31, 2030. The new unquoted securities form part of previously announced transactions and are not intended to be lis...
ADX Energy Issues 13.9 Million Unquoted Options Expiring 2028
May 21, 2026
ADX Energy Ltd has notified the market of the issue of 13,900,000 unquoted options with an exercise price of $0.045 and an expiry date of 31 May 2028. The options, issued under a previously announced capital transaction and not intended to be quot...
ADX Energy Identifies Multiple Viable Gas Zones at Hochfeld-1 in Upper Austria
May 10, 2026
ADX Energy has reported that wireline logging at its Hochfeld-1 shallow gas exploration well in Upper Austria has identified seven gas-bearing zones within the deeper Base Hall channel formation. These intervals, with a combined net sand thickness...
ADX Energy Confirms Gas Discovery at Hochfeld-1 Shallow Well in Austria
May 7, 2026
ADX Energy has reported that its Hochfeld-1 shallow gas exploration well in Upper Austria has intersected biogenic, methane-rich gas-filled sands in the Hall formation at around 1,350 metres, closely matching pre-drill 3D seismic predictions. The ...
ADX Energy Advances Hochfeld-1 Shallow Gas Well in Austria
May 4, 2026
ADX Energy has provided an operational update on its Hochfeld-1 shallow gas exploration well in the ADX-AT-I licence in Upper Austria, where it is operator with a 50% economic interest. The HOCH-1 well, targeting Miocene Hall formation sandstones ...
ADX Energy Posts Cash Outflows but Bolsters Funding Through Equity Raise
Apr 30, 2026
ADX Energy reported operating cash receipts of A$2.1 million for the March 2026 quarter but recorded a net operating cash outflow of A$2.3 million, reflecting ongoing spending on exploration, production, staff and corporate costs. The company also...
ADX Energy lifts Austrian output, launches shallow gas push and readies Oslo listing
Apr 30, 2026
ADX Energy reported higher quarterly production and revenue from its Austrian operations, supported by well workovers in the Vienna Basin and rising Brent prices, leaving the company with A$4.9 million in unrestricted cash. The company also comple...
ADX Energy Advances HOCH-1 Shallow Gas Drilling in Upper Austria After Overcoming Delays
Apr 28, 2026
ADX Energy has provided an update on drilling operations at its Hochfeld-1 shallow gas exploration well in Upper Austria, the first of three shallow gas prospects scheduled for drilling in 2026. The HOCH-1 well, operated by ADX with a 50% economic...
ADX Energy Plans Webinar to Outline European Gas Strategy and Exploration Results
Apr 23, 2026
ADX Energy has scheduled a shareholder webinar to provide a corporate update and strategic outlook, highlighting its positioning within the changing European gas market. The event aims to brief investors on how the company is aligning its operatio...
ADX Energy to Outline European Growth Plans in Investor Webinar
Apr 20, 2026
ADX Energy will host a webinar led by Executive Chairman Ian Tchacos to brief shareholders and investors on recent progress and near-term opportunities across its European portfolio. The session will outline the company’s strategic outlook, ...
ADX Energy Starts Drilling HOCH-1 Shallow Gas Well in Austria
Apr 19, 2026
ADX Energy has begun drilling the Hochfeld-1 shallow gas exploration well in its ADX-AT-I exploration licence in Upper Austria, where it holds a 50% economic interest and operates the project. The well targets highly productive Miocene-age Hall fo...
ADX Energy Plans New Share and Long-Dated Option Issue
Apr 17, 2026
ADX Energy has notified the ASX of a proposed issue of securities comprising up to 4,945,000 ordinary fully paid shares and 4,240,000 unlisted options with expiries ranging from May 2030 to January 2031. The placement, scheduled for issue by 31 De...
ADX Energy Sets 2026 AGM to Approve Incentive and Capital Management Plans
Apr 17, 2026
ADX Energy has called its Annual General Meeting for 19 May 2026 in Nedlands, Western Australia, setting out the agenda, resolutions, and shareholder voting procedures. The notice details how shareholders can participate in person or by proxy, def...
ADX Energy starts mobilisation for Hochfeld-1 shallow gas well in Austria
Apr 13, 2026
ADX Energy has begun mobilising a drilling rig for its Hochfeld-1 shallow gas exploration well in the ADX-AT-I licence in Upper Austria, with spudding expected on 16 April 2026. The company operates the prospect with a 50% economic interest and pl...
ADX Energy options set to expire out of the money in May 2026
Apr 10, 2026
ADX Energy has notified the market that 64,285,731 quoted options (ASX: ADXO), each exercisable at $0.15, will expire at 5.00pm AWST on 8 May 2026, with quotation ceasing on 4 May 2026. As the options are substantially out of the money relative to...
ADX Energy Options Lapse, Removing 25.5 Million Potential Shares
Apr 1, 2026
ADX Energy Ltd has announced the expiry of several tranches of listed options that were not exercised by their 31 March 2026 deadline, resulting in the cessation of 25.5 million securities. The expired options carried exercise prices ranging from ...
ADX Energy Outlines 2025 Corporate Governance and Diversity Benchmarks
Mar 30, 2026
ADX Energy has released its corporate governance statement for the year to 31 December 2025, confirming broad compliance with the ASX Corporate Governance Council’s latest principles. The board has formalised roles via a board charter, writt...
ADX Energy Publishes Comprehensive 2025 Annual Report
Mar 30, 2026
ADX Energy Ltd has released its annual report for the year ended 31 December 2025, providing shareholders with a comprehensive overview of its operations, reserves position and financial performance. The report consolidates key governance, audit a...
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.