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Kalina Power Limited
(Sydney:KPO)
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Rating:59Neutral
Price Target:
AU$0.02
▲(110.00% Upside)
Action:Reiterated
Date:09/10/26
The score is held back primarily by weak financial performance quality and sustainability (no revenue and multi-year operating losses, despite a strong 2026 improvement). Offsetting this, technicals are strong with price above all key moving averages and positive momentum indicators, and valuation looks favorable on a low P/E.
Positive Factors
Technology-led business model
KPO owns a defined energy-technology proposition centred on the Kalina Cycle, with applications in waste-heat recovery and geothermal generation. A licensing and engineering model can scale through third-party projects without requiring ownership of a large generation-asset base.
Negative Factors
No demonstrated revenue base
The absence of reported revenue across six annual periods indicates that KPO has not yet demonstrated recurring commercial monetisation of its technology. This weakens visibility on the business model, limits proof of customer adoption, and makes future earnings dependent on successful project deployment.
Read all positive and negative factors
Positive Factors
Negative Factors
Technology-led business model
KPO owns a defined energy-technology proposition centred on the Kalina Cycle, with applications in waste-heat recovery and geothermal generation. A licensing and engineering model can scale through third-party projects without requiring ownership of a large generation-asset base.
Read all positive factors
Kalina Power Limited (KPO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$59.44M
Dividend YieldN/A
Average Volume (3M)3.24M
Price to Earnings (P/E)3.6
Beta (1Y)0.63
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees1
SectorUtilities
Sector Strength65
IndustryDiversified Utilities
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,971,887,700
10 Day Avg. Volume1,642,102
30 Day Avg. Volume3,242,160
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.80
Price to Sales (P/S)0.00
P/FCF Ratio3.16
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)N/A
Revenue Forecast (FY)N/A
Kalina Power Limited Business Overview & Revenue Model
Company Description
Operating as an energy enterprise, Kalina Power Limited extends its reach across Australia, China, Canada, and the United States. The company primarily generates electricity by utilizing its proprietary Kalina Cycle technology, drawing power from ...
How the Company Makes Money
KPO’s publicly described business model has historically been based on commercialising its Kalina Cycle intellectual property rather than operating as a large-scale owner of power-generation assets. Revenue would therefore be expected to come prim...
Kalina Power Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
55
Neutral
Cash Flow
48
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -5.29K | 0.00 | -9.67K | -11.78K | -9.66K |
| EBITDA | -3.93M | ― | -3.99M | -4.78M | -4.93M |
| Net Income | 15.84M | -4.67K | -4.08M | -4.66M | -4.66M |
Balance Sheet | |||||
| Total Assets | 14.96M | 1.69M | 461.10K | 875.71K | 5.49M |
| Cash, Cash Equivalents and Short-Term Investments | 12.33M | 1.52M | 255.21K | 706.66K | 5.35M |
| Total Debt | 2.65M | 2.61M | 2.42M | 2.30M | 2.16M |
| Total Liabilities | 3.50M | 5.12M | 3.18M | 3.32M | 2.97M |
| Stockholders Equity | 22.83M | 7.92M | 8.93M | 9.13M | 13.81M |
Cash Flow | |||||
| Free Cash Flow | 13.05M | -3.47K | -3.87M | -4.64M | -5.03M |
| Operating Cash Flow | 13.05M | -3.46K | -3.86M | -4.64M | -5.02M |
| Investing Cash Flow | -2.25M | 1.11K | 521.00 | 2.46M | -2.42M |
| Financing Cash Flow | 501.00 | 3.62K | 3.41M | 1.88K | 9.30M |
Kalina Power Limited Technical Analysis
Negative
0.01
Price Trends
0.02
Negative
0.02
Positive
0.02
Positive
Market Momentum
>-0.01
Positive
43.13
Neutral
23.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KPO, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.13 is Neutral, neither overbought nor oversold. The STOCH value of 23.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:KPO.
Kalina Power Limited Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
59 Neutral | AU$59.44M | 3.64 | 65.86% | ― | ― | ― | |
58 Neutral | AU$20.38M | 11.26 | 12.83% | ― | 57.73% | 30.59% | |
50 Neutral | AU$140.60M | -10.19 | -718.72% | ― | 27.74% | 49.26% | |
47 Neutral | AU$85.46M | -28.57 | -14.42% | ― | 42.98% | -9.38% | |
45 Neutral | AU$41.43M | -3.69 | -138.53% | ― | ― | -29.75% | |
42 Neutral | AU$30.82M | -7.31 | -14.97% | ― | ― | 16.28% |
* Utilities Sector Average
AU:KPO
Kalina Power Limited
0.02
<0.01
66.67%
AU:CCE
Carnegie Clean Energy Ltd
0.20
0.09
81.82%
AU:JNS
ReNu Energy Limited
0.77
0.59
316.22%
AU:14D
1414 Degrees Ltd.
0.06
0.02
38.10%
AU:VPR
Volt Power Group Ltd
0.13
-0.03
-19.35%
AU:BTE
Botala Energy Ltd.
0.08
0.02
31.67%
Kalina Power Limited Corporate Events
Kalina Power Details Governance Framework in 2026 Annual Report
Sep 24, 2026
Kalina Power Limited has released its annual report to shareholders for the year ended 30 June 2026, outlining its corporate structure, governance arrangements, and key advisory relationships. The report confirms the company’s ongoing compli...
Kalina Power Files Appendix 4G, Confirms 2026 Governance Compliance
Sep 24, 2026
Kalina Power Limited has lodged its Appendix 4G and confirmed that its corporate governance statement for the year to 30 June 2026 is available on its investor website, in line with ASX Listing Rule requirements. The company states that the govern...
Kalina Power Outlines Board Structure and Governance Practices
Sep 24, 2026
Kalina Power Limited has detailed its corporate governance framework, outlining how its board of directors oversees business strategy, risk management, compliance and performance, while delegating daily operations to executive directors and senior...
Kalina Power seeks ASX quotation for 37.8 million new shares
Sep 23, 2026
Kalina Power Limited has applied to the ASX for quotation of 37,800,000 ordinary fully paid shares, expanding its listed securities base under the code KPO. The new shares, issued on 23 September 2026, indicate a material increase in the company&#...
Kalina Power Sets Date for Online AGM and Director Nomination Deadline
Sep 17, 2026
Kalina Power Limited has scheduled its 2026 Annual General Meeting for 17 November 2026 at 10:00am AEDT, to be held online, with formal meeting materials to be circulated to shareholders in due course. The decision to host the AGM virtually unders...
Kalina Power seeks ASX quotation for 1,017,000 new shares
Sep 15, 2026
Kalina Power Limited has lodged an application with the ASX for quotation of additional ordinary fully paid shares. The company is seeking quotation for 1,017,000 new KPO securities, which were issued on 15 September 2026, modestly increasing its ...
Kalina Power Seeks ASX Quotation for Additional Ordinary Shares
Aug 31, 2026
Kalina Power Limited, an energy-focused company listed on the ASX under code KPO, issues ordinary fully paid shares to fund and advance its power-related technologies and projects. The company’s listed equity provides investors with direct e...
Kalina Power Swings to Profit Despite Zero Operating Revenue
Aug 26, 2026
Kalina Power Limited has reported a sharp turnaround in its preliminary results for the year to 30 June 2026, posting a net profit attributable to members of $15.84 million compared with a loss of $4.67 million in the prior year. The improvement w...
Kalina Power leverages Alberta’s data centre boom with early-mover power portfolio
Jul 29, 2026
Kalina Power’s quarterly update highlights its expanding Alberta power development portfolio as surging AI and data centre demand reshapes the province’s energy landscape. The company has structured its projects to connect to the grid ...
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.