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Eneco Refresh Limited (AU:ERG)
ASX:ERG
Australian Market
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Eneco Refresh Limited (ERG) AI Stock Analysis

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AU:ERG

Eneco Refresh Limited

(Sydney:ERG)

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Neutral 59 (OpenAI - Gpt-5.6Sol)
Rating:59Neutral
Price Target:
AU$0.02
▼(-15.00% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily supported by improving fundamentals (return to profitability and positive free cash flow) and a reasonably moderate P/E. These positives are offset by weaker technical signals (negative MACD, below the 200-day average, and an overbought RSI) and the risk that thin, previously volatile margins and cash flows may not remain stable.
Positive Factors
Revenue and Profitability Recovery
Steady revenue growth and a return to profitability indicate improving commercial traction and operating execution. If maintained, this recovery can rebuild earnings capacity and provide a stronger base for reinvestment over the next several quarters, despite the still-thin margin.
Negative Factors
Thin and Volatile Profit Margins
FY2026 net margin recovered to only about 2.5%, while profitability was near break-even in FY2025 and negative in FY2024. Thin and volatile earnings leave limited protection against cost increases or softer demand, making the recovery less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Recovery
Steady revenue growth and a return to profitability indicate improving commercial traction and operating execution. If maintained, this recovery can rebuild earnings capacity and provide a stronger base for reinvestment over the next several quarters, despite the still-thin margin.
Read all positive factors

Eneco Refresh Limited (ERG) vs. iShares MSCI Australia ETF (EWA)

Eneco Refresh Limited Business Overview & Revenue Model

Company Description
Eneco Refresh Limited, an Australian enterprise founded in 1997 (initially as Refresh Group Limited), primarily manufactures and supplies bottled water and water filtration solutions across Australia. The company further expands its services by of...
How the Company Makes Money
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Eneco Refresh Limited Financial Statement Overview

Summary
Financials show a turnaround with steady revenue growth, a return to profitability in FY2026, and positive free cash flow. However, margins remain thin and historical earnings/cash-flow volatility (including prior negative FCF) reduces confidence in durability.
Income Statement
63
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
BreakdownJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue17.73M16.60M15.45M14.49M13.98M
Gross Profit7.24M6.25M5.25M5.26M5.41M
EBITDA1.58M440.82K-1.39M1.22M822.59K
Net Income451.00K24.66K-1.59M97.69K-205.50K
Balance Sheet
Total Assets14.49M14.02M13.98M16.38M14.81M
Cash, Cash Equivalents and Short-Term Investments5.02M4.51M4.31M5.40M1.28M
Total Debt3.54M3.50M3.83M2.20M2.88M
Total Liabilities5.62M5.60M5.57M6.38M4.91M
Stockholders Equity8.87M8.43M8.41M9.99M9.90M
Cash Flow
Free Cash Flow1.25M903.29K-855.32K-169.54K273.60K
Operating Cash Flow1.71M1.39M104.84K151.00K602.99K
Investing Cash Flow-423.25K-460.58K-546.31K4.18M-338.37K
Financing Cash Flow-774.60K-732.27K-640.51K-683.17K-475.00K

Eneco Refresh Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.02
Price Trends
50DMA
0.02
Positive
100DMA
0.02
Positive
200DMA
0.02
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
78.98
Negative
STOCH
-16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ERG, the sentiment is Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 78.98 is Negative, neither overbought nor oversold. The STOCH value of -16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ERG.

Eneco Refresh Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
59
Neutral
AU$4.36M17.785.14%1.59%6.80%1600.00%
45
Neutral
AU$8.91M-0.97-464.75%-2.26%-30.73%
45
Neutral
AU$6.62M-2.50-57.30%48.54%22.22%
44
Neutral
AU$5.28M-2.34-49.07%-33.53%42.98%
41
Neutral
AU$1.61M-0.38-239.37%
39
Underperform
AU$6.99M-0.01226.76%-33.05%94.22%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ERG
Eneco Refresh Limited
0.02
<0.01
6.67%
AU:PFT
Pure Foods Tasmania Ltd.
0.03
>-0.01
-13.33%
AU:EVE
EVE Health Group Limited
0.02
-0.02
-50.00%
AU:NGS
Nutritional Growth Solutions Ltd.
0.02
<0.01
16.67%
AU:OMG
Forbidden Foods Ltd
0.01
0.00
0.00%
AU:HPC
Hydration Pharmaceuticals Co. Ltd.
0.01
0.00
0.00%

Eneco Refresh Limited Corporate Events

Eneco Refresh boosts profit as efficiency gains offset cost shocks
Aug 31, 2026
Eneco Refresh Limited reported a 6.8% rise in revenue to $17.73 million for the year to 30 June 2026, with profit after tax attributable to members surging to $446,491 from $20,556, its best result in five years. The company credited efficiency in...
Eneco Refresh Lifts FY2026 Revenue Amid Resin Price Volatility
Jul 31, 2026
Eneco Refresh reported fourth-quarter revenue of $4.2 million, up 7% year-on-year, with full-year to June 2026 revenue rising 7% to $17.7 million, driven by gains in Western Australia, Victoria and a strong 46% surge in Refresh Plastics. Refresh W...
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.Date of analysis: Sep 06, 2026