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Melbana Energy Limited
(Sydney:MAY)
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Rating:43Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:09/30/26
The score is primarily held down by weak financial performance: near-zero revenue versus prior levels, persistent operating losses, a large FY2026 loss, and consistently negative operating/free cash flow. Low leverage is a partial offset, but shrinking equity/assets adds risk. Technical analysis is neutral due to missing indicators, and valuation is pressured by a negative P/E and no available dividend yield.
Positive Factors
Low financial leverage
Minimal debt reduces mandatory financing costs and preserves financial flexibility relative to a highly leveraged explorer. This gives Melbana greater capacity to direct available capital toward appraisal, partnerships, or development while limiting balance-sheet pressure during periods of weak operations.
Negative Factors
Near-zero revenue and persistent losses
The collapse in revenue and recurring operating losses indicate that Melbana does not currently demonstrate a stable earnings engine. Continued earnings volatility makes internal funding harder, reduces visibility on future profitability, and leaves value creation dependent on successful project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Minimal debt reduces mandatory financing costs and preserves financial flexibility relative to a highly leveraged explorer. This gives Melbana greater capacity to direct available capital toward appraisal, partnerships, or development while limiting balance-sheet pressure during periods of weak operations.
Read all positive factors
Melbana Energy Limited (MAY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$15.13M
Dividend YieldN/A
Average Volume (3M)5.07M
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue GrowthN/A
EPS Growth-1008.33%
CountryAU
Employees4
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.01
Shares Outstanding3,781,968,800
10 Day Avg. Volume4,204,347
30 Day Avg. Volume5,073,703
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.95
Price to Sales (P/S)0.00
P/FCF Ratio-2.83
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
Melbana Energy Limited Business Overview & Revenue Model
Company Description
Melbana Energy Limited, a company founded in 1994 and based in Sydney, Australia, is engaged in the exploration for oil and gas across both Cuba and Australia. Its assets in Australia include complete ownership of the Tassie Shoal Methanol and LNG...
How the Company Makes Money
Melbana Energy’s earnings potential is primarily tied to upstream oil and gas value creation, which typically monetises in several ways: (1) Hydrocarbon production and sales: If an asset reaches development and production, revenue is generated fro...
Melbana Energy Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 10.39M |
| Gross Profit | -196.55K | -5.89K | -135.00K | -126.00K | -121.64K |
| EBITDA | -3.52M | -3.67M | 3.60M | -563.00K | 6.51M |
| Net Income | -50.22M | -4.15M | 3.26M | -1.00M | 6.33M |
Balance Sheet | |||||
| Total Assets | 27.27M | 80.17M | 96.35M | 58.21M | 50.25M |
| Cash, Cash Equivalents and Short-Term Investments | 472.50K | 5.12M | 12.32M | 34.98M | 35.57M |
| Total Debt | 0.00 | 0.00 | 0.00 | 130.82K | 0.00 |
| Total Liabilities | 15.52M | 24.24M | 40.42M | 5.21M | 13.08M |
| Stockholders Equity | 11.75M | 55.93M | 55.93M | 52.99M | 37.17M |
Cash Flow | |||||
| Free Cash Flow | -3.94M | -38.27M | -69.60M | -48.50M | -41.34M |
| Operating Cash Flow | -3.94M | -3.62M | -3.67M | -2.62M | -2.12M |
| Investing Cash Flow | -6.81M | -3.80M | -18.67M | -13.87M | 3.26M |
| Financing Cash Flow | 6.54M | 0.00 | 0.00 | 15.77M | 23.83M |
Melbana Energy Limited 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% | |
46 Neutral | AU$17.66M | -3.11 | -23.11% | ― | ― | 71.52% | |
44 Neutral | AU$41.94M | -17.78 | -14.52% | ― | ― | ― | |
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:MAY
Melbana Energy Limited
0.01
>-0.01
-41.18%
AU:ADX
ADX Energy
0.02
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-41.18%
AU:BRU
Buru Energy
0.01
>-0.01
-26.32%
AU:OEL
Otto Energy Limited
―
―
―
AU:TDO
3D Oil Limited
0.08
-0.07
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AU:BAS
Bass Oil Ltd
0.06
0.02
57.50%
Melbana Energy Limited Corporate Events
Melbana Energy Files Updated Corporate Governance Statement With ASX
Sep 29, 2026
Melbana Energy Limited has lodged its updated corporate governance statement for the financial year ended 30 June 2026, confirming compliance with ASX Listing Rules on governance disclosure. The statement, current as at 29 September 2026 and appro...
Melbana Energy Highlights Growth-Focused Oil and Gas Strategy
Sep 29, 2026
Melbana Energy Limited is an Australian independent oil and gas company listed on the ASX, with a portfolio spanning exploration, appraisal and development projects in Cuba and Australia. It aims to build a world-class exploration and production b...
Melbana Energy Sets 2026 AGM Date and Opens Director Nominations
Sep 25, 2026
Melbana Energy Limited has scheduled its 2026 Annual General Meeting for 19 November 2026, with further details to be provided to shareholders in a forthcoming Notice of Meeting lodged with the ASX. The company is reinforcing its adherence to mark...
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.