Aminex PLC (GB:AEX)
LSE:AEX
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Aminex plc
(LSE:AEX)
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Rating:52Neutral
Price Target:
2.50 p
▲(35.87% Upside)
Action:Reiterated
Date:04/29/26
The score is held back primarily by persistent losses and mostly negative operating/free cash flow, despite a relatively strong low-debt balance sheet. Technicals are mildly supportive with a gentle uptrend and neutral momentum, while valuation remains constrained by loss-making results and no dividend yield data.
Positive Factors
Low leverage / strong balance sheet
Aminex's minimal debt and sizable equity provide durable financial flexibility for an E&P company. Low leverage reduces default risk, supports funding of appraisal or farm-out programs, and gives management optionality to finance development or wait for higher commodity prices without forced disposals.
Negative Factors
Negative operating/free cash flow
Sustained negative operating and free cash flow demonstrates ongoing cash burn to sustain operations and exploration. This structural cash shortfall pressures liquidity, forces reliance on partner funding or disposals, and constrains the company's ability to self-fund development without dilution or external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Aminex's minimal debt and sizable equity provide durable financial flexibility for an E&P company. Low leverage reduces default risk, supports funding of appraisal or farm-out programs, and gives management optionality to finance development or wait for higher commodity prices without forced disposals.
Read all positive factors
Aminex plc (AEX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£114.56M
Dividend YieldN/A
Average Volume (3M)10.23M
Price to Earnings (P/E)―
Beta (1Y)0.41
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 Ratio2.56
Price to Book (P/B)3.49
Price to Sales (P/S)2002.98
P/FCF Ratio-39.64
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 makes money through its economic interests in oil and gas licenses and projects. Where projects are producing, the company can earn revenue from its share of hydrocarbons sold (often net of royalties, taxes, and operating and transportation...
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 |
|---|---|---|---|---|---|---|---|
73 Outperform | £120.05M | -24.47 | 1.89% | 6.46% | -18.06% | -127.50% | |
72 Outperform | £49.48M | 5.83 | 12.09% | ― | -58.10% | 100.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | £165.09M | -1,450.90 | -0.15% | ― | -38.66% | -105.50% | |
52 Neutral | £114.56M | -28.88 | -18.36% | ― | 21.14% | 10.00% | |
52 Neutral | £234.83M | 46.51 | -2.23% | ― | -47.84% | -277.39% | |
49 Neutral | £101.30M | -93.97 | -0.28% | ― | ― | 7.69% |
* Energy Sector Average
GB:AEX
Aminex plc
2.56
1.29
100.78%
GB:BOR
Borders & Southern Petroleum
11.50
4.70
69.12%
GB:CASP
Caspian Sunrise
2.10
-0.45
-17.65%
GB:AET
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73.00
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53.36%
GB:TLW
Tullow Oil
15.50
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GB:PHAR
Pharos Energy
29.10
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54.20%
Aminex plc Corporate Events
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...
Regulatory Filings and Compliance
Aminex Chairman Exercises Options and Sells 5 Million Shares
Neutral
May 11, 2026
Aminex plc disclosed that Executive Chairman Charles Santos has exercised options over 5,000,000 ordinary shares at an exercise price of 0.60 pence per share. He subsequently sold the same number of shares at 2.10 pence each on 7 May 2026 on the L...
Private Placements and FinancingRegulatory Filings and Compliance
Aminex boosts working capital with share issue from executive option exercise
Neutral
May 11, 2026
Aminex plc has issued 5,000,000 new ordinary shares following the exercise of compensation options by Executive Chairman Charles Santos under its 2020 Restricted Share Plan, a scheme designed to use equity in lieu of salary to reduce cash costs. T...
Regulatory Filings and Compliance
Aminex Director Thomas Mackay Sells 2.65 Million Shares
Negative
Apr 30, 2026
Aminex plc has disclosed that director Thomas Mackay has sold a total of 2,654,988 ordinary shares in the company on 28 and 30 April 2026. The disposal, executed on the London Stock Exchange at an average price of 2.16 pence per share, was notifie...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Aminex moves into construction phase at Tanzanian Ntorya gas project
Positive
Apr 28, 2026
Aminex plc reported that 2025 marked a decisive shift from planning to execution at its Ntorya gas project in Tanzania, with the Ntorya-Madimba pipeline now under construction and key civil works, drilling preparations, and processing facility con...
Business Operations and StrategyRegulatory Filings and Compliance
Aminex Discloses Intragroup Transfer of Major Stake Linked to Director
Neutral
Mar 12, 2026
Aminex plc disclosed that Eclipse Investments LLC, a company closely associated with non-executive director Sultan Al-Ghaithi, has transferred its entire holding of 1,225,598,100 Aminex ordinary shares to another associated entity, ARA Offshore In...
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.