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ADX Energy
(Sydney:ADX)
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Rating:42Neutral
Price Target:
AU$0.02
â–Ľ(-5.00% Downside)
Action:Upgraded
Date:07/31/26
The score is driven primarily by weak financial performance, with persistent losses and structurally negative free cash flow indicating ongoing funding dependence. Technicals also weigh on the score as the stock trades below all major moving averages, signaling a sustained downtrend. Valuation does not offset these risks because the negative P/E reflects unprofitable operations and there is no dividend yield data to support the investment case.
Positive Factors
Manageable Recent Leverage
Recent leverage appears manageable, with debt at a modest level relative to equity and positive equity in 2024–2025. This provides some balance-sheet support for continuing operations and may preserve more financial flexibility than a highly leveraged capital structure.
Negative Factors
Persistent Loss-Making Operations
The company has not demonstrated stable profitability: revenue declined across the latest three years while gross profit and operating profitability remained negative. Persistent losses reduce internally generated funding, weaken earnings visibility, and make sustained investment dependent on external capital or asset transactions.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Recent Leverage
Recent leverage appears manageable, with debt at a modest level relative to equity and positive equity in 2024–2025. This provides some balance-sheet support for continuing operations and may preserve more financial flexibility than a highly leveraged capital structure.
Read all positive factors
ADX Energy (ADX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$20.59M
Dividend YieldN/A
Average Volume (3M)582.58K
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue Growth-15.18%
EPS Growth-20.25%
CountryAU
Employees4
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.02
Shares Outstanding1,083,863,400
10 Day Avg. Volume283,257
30 Day Avg. Volume582,581
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 primarily through hydrocarbons-related value creation and cash flows: (1) Production revenue (if/when fields are in production): ADX earns sales revenue from its working interest share of produced oil and/or natural gas, with reven...
ADX Energy Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
43
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.65M | 10.50M | 10.14M | 12.88M | 14.45M | 9.66M |
| Gross Profit | -8.87M | -7.33M | -4.66M | -3.60M | 2.39M | 3.75M |
| EBITDA | -8.66M | -7.05M | -2.85M | -695.46K | 598.99K | -1.82M |
| Net Income | -13.03M | -11.79M | -7.87M | -4.06M | -2.30M | -4.17M |
Balance Sheet | ||||||
| Total Assets | 41.21M | 43.77M | 51.27M | 42.64M | 32.66M | 36.14M |
| Cash, Cash Equivalents and Short-Term Investments | 2.20M | 4.76M | 9.08M | 8.01M | 3.57M | 5.94M |
| Total Debt | 1.80M | 2.76M | 3.04M | 3.23M | 1.47M | 4.79M |
| Total Liabilities | 28.16M | 28.98M | 28.54M | 26.89M | 20.26M | 24.45M |
| Stockholders Equity | 6.02M | 7.52M | 14.94M | 7.63M | 4.02M | 3.21M |
Cash Flow | ||||||
| Free Cash Flow | -12.31M | -7.61M | -29.49M | -8.01M | -2.27M | -3.08M |
| Operating Cash Flow | -5.23M | -3.48M | -1.77M | -2.92M | 3.64M | -2.25M |
| Investing Cash Flow | -3.39M | -3.59M | -10.31M | 456.61K | -4.83M | 174.01K |
| Financing Cash Flow | 6.25M | 2.55M | 13.04M | 6.77M | -1.19M | 5.97M |
ADX Energy Technical Analysis
Negative
0.02
Price Trends
0.02
Positive
0.02
Negative
0.03
Negative
Market Momentum
<0.01
Negative
49.32
Neutral
33.33
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 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.32 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$35.96M | 6.15 | 16.54% | 5212.50% | -6.93% | 300.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | AU$23.49M | -39.14 | -3.17% | ― | -13.00% | 33.33% | |
57 Neutral | AU$44.59M | -1.13 | -129.02% | ― | -59.94% | -297.26% | |
46 Neutral | AU$17.66M | -3.11 | -23.11% | ― | ― | 71.52% | |
43 Neutral | AU$15.13M | -0.31 | -133.55% | ― | ― | -1008.33% | |
42 Neutral | AU$20.59M | -1.08 | -192.54% | ― | -15.18% | -20.25% |
* Energy Sector Average
AU:ADX
ADX Energy
0.02
-0.01
-41.18%
AU:ATS
Australis Oil & Gas
0.03
0.02
230.00%
AU:BRU
Buru Energy
0.01
>-0.01
-26.32%
AU:MAY
Melbana Energy Limited
0.01
>-0.01
-41.18%
AU:OEL
Otto Energy Limited
―
―
―
AU:BAS
Bass Oil Ltd
0.06
0.02
57.50%
ADX Energy Corporate Events
ADX Energy Targets Rapid European Production Growth With Audited Reserves Framework
Sep 17, 2026
ADX Energy Ltd, listed on the ASX, operates as a European-focused oil and gas producer and explorer with core assets in Austria and Italy. Its business hinges on the appraisal, development and production of hydrocarbon reserves, backed by independ...
ADX Energy Releases Half-Year Financial Report and Highlights Corporate Framework
Sep 10, 2026
ADX Energy Ltd has released its half-year financial report for the six months ended 30 June 2026, detailing its corporate governance and administrative framework. The report underscores the company’s established board, secretarial support, a...
ADX Energy Director Increases Equity Stake Through Share Placement
Sep 10, 2026
ADX Energy has disclosed a change in director Paul Fink’s interests following his participation in a recent shareholder-approved placement. Fink acquired 750,000 fully paid ordinary shares and 750,000 free attaching listed options, each exer...
ADX Energy Director Lifts Indirect Stake via Share Placement
Sep 10, 2026
ADX Energy director Edouard Etienvre has increased his indirect holding in the company through participation in a shareholder-approved placement. The transaction, executed via NGX Commodities Ltd in which he is a beneficiary, involved the acquisit...
ADX Energy Issues 7.25 Million Shares Under Disclosure Exemption
Sep 10, 2026
ADX Energy has issued 7,250,000 ordinary fully paid shares without a disclosure document, relying on provisions of Section 708 of the Corporations Act 2001 for this capital move.The company states it is compliant with key reporting and continuous ...
ADX Energy Seeks ASX Quotation for 7.25 Million New Shares
Sep 10, 2026
ADX Energy Ltd, an ASX-listed oil and gas explorer and producer, is active in upstream energy projects and uses capital markets to support its asset portfolio. The company operates under the ticker ADX and aims to attract investors interested in c...
ADX Energy’s 2026 Options Show Highly Concentrated Ownership
Sep 10, 2026
ADX Energy’s latest registry snapshot shows that its 2026 listed options are tightly held, with 80 holders collectively owning 249,275,000 options as of 10 September 2026. The distribution is highly concentrated, with the top ten investors c...
ADX Energy Seeks ASX Quotation for 249 Million New Options
Sep 10, 2026
ADX Energy Ltd, an ASX-listed oil and gas company, is leveraging the Australian equity market to support its operations through tradable securities. The firm’s use of options and other instruments underscores its strategy of tapping listed c...
ADX Energy Launches Speculative Multi-Tranche Options Offering
Sep 4, 2026
ADX Energy Ltd has issued a prospectus outlining several option offers to investors, directors, brokers and advisors, all exercisable at $0.03 each and expiring on 31 December 2027. The placement, broker and advisor option tranches collectively re...
ADX Energy Shareholders Approve All Resolutions at General Meeting
Sep 4, 2026
ADX Energy Ltd has announced that it held a General Meeting of shareholders on 4 September 2026, at which all resolutions put forward were passed by way of a poll. The company reported that details of the resolutions and the proxy votes received h...
ADX Energy Expands Sicily Channel Gas Acreage With Third Permit Bid
Sep 3, 2026
ADX Energy has lodged a third exploration permit application, d 370 C.R-.AU, covering 517 square kilometres in Italy’s Sicily Channel, expanding its position around the existing C.R 150.AU permit and two earlier applications. The move builds...
ADX Energy Posts Strong Gas Flows from Austrian Hochfeld-1 Well
Aug 28, 2026
ADX Energy has reported encouraging production test results from its Hochfeld-1 shallow gas exploration well in Upper Austria, where up to eight biogenic gas reservoirs have been encountered in the Hall and Hall Channel formations. The well’...
ADX Energy Moves to Expand Sicily Channel Gas Acreage with Two New Permit Applications
Aug 19, 2026
ADX Energy has lodged applications with Italy’s Ministry of Environment and Energy Security for two offshore exploration permits, d 368 C.R.-AU and d 369 C.R.-AU, adjoining its existing CR 150.AU acreage in the Sicily Channel and covering a ...
ADX Energy Reports Strong Initial Gas Test at Hochfeld-1, Plans Wider Appraisal
Aug 13, 2026
ADX Energy has reported encouraging initial results from production testing at its Hochfeld-1 shallow gas exploration well in Upper Austria, where the first Hall formation zone flowed water-free gas at an average rate of 2.7 million cubic feet per...
ADX Energy Director David Gilbert Increases Equity Stake via Share-Based Fees
Aug 12, 2026
ADX Energy has reported a change in the interests of director David Gilbert following the issue of new shares under the company’s Directors’ Share Plan. Gilbert’s direct holding increased to 494,199 fully paid ordinary shares, al...
ADX Energy Details Equity-Based Increase in Director’s Holdings
Aug 12, 2026
ADX Energy has reported a change in director Paul Fink’s holdings, with an increase in his stake through the issuance of fully paid ordinary shares and unlisted options. The new securities were issued and granted as part payment of director ...
ADX Energy boosts director shareholdings via equity-based fees
Aug 12, 2026
ADX Energy Ltd has disclosed a change in director Edouard Etienvre’s holdings following the issue of new shares under its Directors’ Share Plan. The plan, approved by shareholders in May 2026, enables the company to pay a portion of di...
ADX Energy Updates Director Ian Tchacos’s Share and Option Holdings
Aug 12, 2026
ADX Energy Ltd is an Australian-listed energy company focused on the exploration and development of oil and gas assets. The company operates in the upstream energy sector, using ASX markets to support its growth and to manage director and investor...
ADX Energy Issues New Shares Under Corporations Act Disclosure Exemption
Aug 12, 2026
ADX Energy has issued 2,951,401 ordinary fully paid shares without a disclosure document, relying on provisions under Section 708 of the Corporations Act. The company has notified the market under Section 708A(5)(e), confirming the regulatory basi...
ADX Energy Issues 734,932 Unlisted Options Under Appendix 3G
Aug 12, 2026
ADX Energy Ltd has notified the market of a new issue of unquoted equity securities, specifically 734,932 unlisted options carrying a nil exercise price and an expiry date of July 31, 2030. The issuance has been recorded as a new announcement to t...
ADX Energy Issues Shares in Lieu of Consulting Fees
Aug 12, 2026
ADX Energy Ltd has applied to the ASX for quotation of 2,193,199 new ordinary fully paid shares. The shares, issued on August 12, 2026, were granted in lieu of a portion of consulting fees for the quarter ended June 30, 2026, totalling $60,987.The...
ADX Energy Seeks ASX Quotation for Additional Shares
Aug 12, 2026
ADX Energy Ltd has applied for the quotation of an additional 758,202 ordinary fully paid shares on the Australian Securities Exchange. The new securities, issued as part of previously announced transactions, are scheduled to be quoted from August...
ADX Energy Corrects Lead Manager Option Details Ahead of September General Meeting
Aug 12, 2026
ADX Energy has issued an addendum to its previously released Notice of General Meeting to correct the number of Lead Manager Options proposed under one of the meeting resolutions. The change affects Resolution 4 and corresponding explanatory secti...
ADX Energy Calls September 2026 General Meeting for Shareholder Votes
Aug 4, 2026
ADX Energy Ltd, an Australian oil and gas explorer and producer headquartered in Nedlands, Western Australia, has convened a General Meeting for its shareholders. The company, which operates under Australian corporate and securities rules, continu...
ADX Energy Director Boosts Shareholding Through Option Exercise
Aug 2, 2026
ADX Energy Ltd has reported a change in the equity interests of director Paul Fink following the exercise of unlisted options. The transaction converts previously held options with a nil exercise price into fully paid ordinary shares, increasing h...
ADX Energy Director Ian Tchacos Increases Direct Shareholding
Jul 31, 2026
ADX Energy Ltd, an Australia-listed oil and gas exploration and production company, maintains a capital structure comprising fully paid ordinary shares and numerous unlisted options held directly and via associated entities. The company’s go...
ADX Energy Issues Shares Under Corporations Act Exemption
Jul 31, 2026
ADX Energy Ltd has issued 2,959,011 ordinary fully paid shares without a disclosure document under the exemption provisions of Section 708 of the Corporations Act 2001. The company has lodged a formal notice confirming the regulatory basis for thi...
ADX Energy Seeks ASX Quotation for New Share Issue
Jul 31, 2026
ADX Energy has applied for the quotation of 2,959,011 new ordinary fully paid shares on the ASX, with an issue date of July 31, 2026. The additional securities, arising from the exercise or conversion of existing instruments, modestly increase the...
ADX Energy Posts Negative Cash Flow Amid Continued Investment in Production Assets
Jul 31, 2026
ADX Energy reported a net cash outflow from operating activities of A$1.23 million in the June 2026 quarter, driven by production, staff, and corporate costs exceeding customer receipts. Additional investment in property, plant and equipment, incl...
ADX Energy boosts revenue on higher prices and advances Austrian gas and Sicily Channel prospects
Jul 31, 2026
ADX Energy reported average net production of 197 BOEPD for the June quarter, slightly down on the prior period, but benefited from sharply higher Brent oil and European gas prices that lifted sales revenue 71% to A$3.6 million despite a reduction...
ADX Energy Issues 171.9 Million Shares Under Disclosure Exemption
Jul 30, 2026
ADX Energy has issued 171,975,000 ordinary fully paid shares without a disclosure document, relying on exemptions under Section 708 of the Corporations Act 2001. The move reflects a capital-raising or share-based transaction structured within the ...
ADX Energy Seeks ASX Quotation for 171.9 Million New Shares
Jul 30, 2026
ADX Energy Ltd has applied for the quotation of 171,975,000 new ordinary fully paid shares on the ASX, with an issue date of July 30, 2026. The application, lodged under Appendix 2A of the ASX Listing Rules, relates to securities issued as part of...
ADX Energy to Release 1.7 Million Shares from Escrow in August
Jul 23, 2026
ADX Energy Ltd has announced that 1,724,138 ordinary fully paid shares will be released from voluntary escrow on 4 August 2026, in line with ASX Listing Rule 3.10A. The release will increase the number of freely tradable shares on the market, pote...
ADX Energy Plans Major Share and Options Placement on ASX
Jul 22, 2026
ADX Energy Ltd has notified the ASX of a proposed securities issue, outlining plans for a substantial placement of ordinary shares and accompanying options. The company intends to issue 179,225,000 ordinary fully paid shares along with several tra...
ADX Energy raises A$3.58m to accelerate European oil and gas growth
Jul 22, 2026
ADX Energy has secured firm commitments to raise A$3.58 million through a discounted share placement to sophisticated investors, with additional free-attaching options intended for ASX listing. Board members will also participate, subject to share...
ADX Energy lifts Austrian output 35% with Vienna Basin workover
Jul 8, 2026
ADX Energy has boosted output from its Vienna Basin fields in Austria after a behind-pipe perforation program on two existing wells added approximately 75 BOEPD of oil and gas production. The work increased field volumes from about 150 BOEPD to 22...
ADX Energy details audited reserves and multi-well growth program in Austria
Jul 1, 2026
ADX Energy has released a corporate presentation outlining a near-term multi-well program aimed at accelerating production growth from its Austrian oil and gas fields. The company emphasises its focus on European operations, combining development ...
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.