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Aminex plc
(LSE:AEX)
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Rating:43Neutral
Price Target:
1.50 p
▲(36.36% Upside)
Action:Reiterated
Date:08/28/26
The score is held down primarily by persistent losses and continued negative operating/free cash flow, alongside a weak technical setup (negative MACD and price below key moving averages). The key stabilizer is the relatively strong, low-debt balance sheet, while valuation is constrained by the company being loss-making and the lack of a provided dividend yield.
Positive Factors
Low Financial Leverage
Minimal debt and a substantial equity base reduce refinancing risk and give Aminex greater flexibility to fund corporate activities, negotiate partnerships, or absorb delays while its Tanzanian development interests progress.
Negative Factors
Persistent Unprofitability
Recurring gross and net losses show that Aminex has not yet converted its asset base into a profitable operating model. Continued losses can erode equity and increase reliance on transactions or external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
Minimal debt and a substantial equity base reduce refinancing risk and give Aminex greater flexibility to fund corporate activities, negotiate partnerships, or absorb delays while its Tanzanian development interests progress.
Read all positive factors
Aminex plc (AEX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£71.60M
Dividend YieldN/A
Average Volume (3M)10.23M
Price to Earnings (P/E)―
Beta (1Y)0.12
Revenue Growth21.14%
EPS Growth10.00%
CountryUK
Employees5
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding4,475,001,000
10 Day Avg. Volume20,541,583
30 Day Avg. Volume10,232,433
Financial Highlights & Ratios
PEG Ratio2.52
Price to Book (P/B)3.49
Price to Sales (P/S)2002.59
P/FCF Ratio-39.63
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
Aminex plc Business Overview & Revenue Model
Company Description
Aminex PLC, alongside its various subsidiaries, is involved in the prospecting, assessment, extraction, and development of petroleum and natural gas resources. The company functions through three primary divisions: existing oil and gas production ...
How the Company Makes Money
Aminex’s earnings potential is primarily tied to monetizing its upstream oil and gas interests rather than selling finished products or operating downstream infrastructure. In practice, the company can make money through: (1) Production-linked inc...
Aminex plc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 49.00K | 39.00K | 112.00K | 64.00K | 143.00K |
| Gross Profit | -10.00K | -12.00K | 30.00K | -220.00K | -149.00K |
| EBITDA | -4.49M | -5.14M | -957.00K | -3.16M | -8.27M |
| Net Income | -4.98M | -5.30M | -1.12M | -4.06M | -8.56M |
Balance Sheet | |||||
| Total Assets | 43.93M | 41.54M | 42.62M | 45.18M | 44.21M |
| Cash, Cash Equivalents and Short-Term Investments | 3.41M | 1.13M | 3.04M | 5.80M | 4.68M |
| Total Debt | 0.00 | 376.00K | 0.00 | 0.00 | 450.00K |
| Total Liabilities | 15.85M | 13.92M | 10.01M | 11.80M | 11.46M |
| Stockholders Equity | 28.08M | 27.62M | 32.61M | 33.38M | 32.75M |
Cash Flow | |||||
| Free Cash Flow | -2.48M | -2.42M | -2.92M | -2.37M | 3.98M |
| Operating Cash Flow | -2.13M | -2.16M | -2.65M | -1.89M | 4.89M |
| Investing Cash Flow | -348.00K | -259.00K | -264.00K | -482.00K | -904.00K |
| Financing Cash Flow | 4.82M | 452.00K | 0.00 | 3.73M | 238.00K |
Aminex plc Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £44.77M | 3.47 | 22.39% | ― | ― | ― | |
74 Outperform | £123.76M | -24.75 | -2.30% | 4.21% | -18.06% | -127.50% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | £199.30M | -1,238.17 | -0.15% | ― | -38.66% | -105.50% | |
54 Neutral | £302.40M | 69.35 | -2.23% | ― | -47.84% | -277.39% | |
49 Neutral | £109.33M | -101.49 | -0.47% | ― | ― | 7.69% | |
43 Neutral | £71.60M | -18.61 | -18.36% | ― | 21.14% | 10.00% |
* Energy Sector Average
GB:AEX
Aminex plc
1.65
-0.33
-16.67%
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12.00
1.90
18.81%
GB:CASP
Caspian Sunrise
1.90
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-11.63%
GB:AET
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73.20
24.00
48.78%
GB:TLW
Tullow Oil
20.50
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90.52%
GB:PHAR
Pharos Energy
30.00
9.28
44.76%
Aminex plc Corporate Events
Business Operations and Strategy
Aminex Engages Tanzanian Authorities on Strategically Important Ntorya Gas Development
Positive
Aug 27, 2026
Aminex said it is actively engaged in ongoing discussions with Tanzania’s Ministry of Energy, the Tanzania Petroleum Development Corporation, the Petroleum Upstream Regulatory Authority and ARA Petroleum Tanzania to progress the coordinated ...
Business Operations and StrategyLegal Proceedings
Aminex Escalates Dispute Over Delayed Ntorya Gas Development Plan
Negative
Aug 21, 2026
Aminex has initiated a formal dispute process with ARA Petroleum Tanzania, operator of the Ruvuma PSA, over alleged breaches of the farmout and joint operating agreements tied to the approved 2026 work programme and budget for the Ntorya gas devel...
Business Operations and Strategy
Aminex Challenges Operator’s Bid to Scale Back Ruvuma Work Programme
Negative
Jul 14, 2026
Aminex plc has disclosed that ARA Petroleum Tanzania, operator of the Ruvuma PSA and Ntorya Development, has requested material changes to the approved 2026 work programme and budget. The proposed revisions would significantly cut planned spending...
Regulatory Filings and Compliance
Aminex Confirms Total Voting Rights Following Capital Update
Neutral
Jun 1, 2026
Aminex plc has confirmed that, as of 31 May 2026, its issued share capital comprises 4,475,001,044 ordinary shares with voting rights, and it holds no shares in treasury. This disclosure sets the official total voting rights figure that shareholde...
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.