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Aminex plc
(LSE:AEX)
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Rating:58Neutral
Price Target:
2.00 p
â–²(81.82% Upside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by persistent losses and ongoing cash burn, despite a comparatively strong, low-debt balance sheet. Technically, the trend is positive with price above major moving averages and MACD strength, but overbought RSI/Stoch readings temper the outlook. Valuation is constrained by negative earnings and no provided dividend yield.
Positive Factors
Low leverage
Minimal debt and substantial equity provide financial flexibility relative to the asset base. Low leverage reduces balance-sheet risk and may leave Aminex better positioned to pursue development, partnerships, or asset monetization without excessive financing pressure.
Negative Factors
Persistent unprofitability
Repeated gross and net losses show that Aminex has not yet converted its upstream interests into sustainable earnings. Continued unprofitability can consume equity, constrain reinvestment, and make future development dependent on successful commercialization or external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Minimal debt and substantial equity provide financial flexibility relative to the asset base. Low leverage reduces balance-sheet risk and may leave Aminex better positioned to pursue development, partnerships, or asset monetization without excessive financing pressure.
Read all positive factors
Aminex plc (AEX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£96.43M
Dividend YieldN/A
Average Volume (3M)8.29M
Price to Earnings (P/E)―
Beta (1Y)0.13
Revenue Growth26.79%
EPS Growth-10.00%
CountryUK
Employees5
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding4,485,001,000
10 Day Avg. Volume6,759,738
30 Day Avg. Volume8,292,903
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.72K | 49.00K | 39.00K | 112.00K | 64.00K | 143.00K |
| Gross Profit | -9.00K | -10.00K | -12.00K | 30.00K | -220.00K | -149.00K |
| EBITDA | -4.56M | -4.49M | -5.14M | -957.00K | -3.16M | -8.27M |
| Net Income | -6.14M | -4.98M | -5.30M | -1.12M | -4.06M | -8.56M |
Balance Sheet | ||||||
| Total Assets | 43.15M | 43.93M | 41.54M | 42.62M | 45.18M | 44.21M |
| Cash, Cash Equivalents and Short-Term Investments | 2.24M | 3.41M | 1.13M | 3.04M | 5.80M | 4.68M |
| Total Debt | 0.00 | 0.00 | 376.00K | 0.00 | 0.00 | 450.00K |
| Total Liabilities | 17.60M | 15.85M | 13.92M | 10.01M | 11.80M | 11.46M |
| Stockholders Equity | 25.56M | 28.08M | 27.62M | 32.61M | 33.38M | 32.75M |
Cash Flow | ||||||
| Free Cash Flow | -2.79M | -2.48M | -2.42M | -2.92M | -2.37M | 3.98M |
| Operating Cash Flow | -2.42M | -2.13M | -2.16M | -2.65M | -1.89M | 4.89M |
| Investing Cash Flow | -402.09K | -348.00K | -259.00K | -264.00K | -482.00K | -904.00K |
| Financing Cash Flow | 4.13M | 4.82M | 452.00K | 0.00 | 3.73M | 238.00K |
Aminex plc Technical Analysis
Positive
1.10
Price Trends
1.61
Positive
1.99
Positive
2.04
Positive
Market Momentum
0.11
Positive
62.54
Neutral
47.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AEX, the sentiment is Positive. The current price of 1.1 is below the 20-day moving average (MA) of 2.07, below the 50-day MA of 1.61, and below the 200-day MA of 2.04, indicating a bullish trend. The MACD of 0.11 indicates Positive momentum. The RSI at 62.54 is Neutral, neither overbought nor oversold. The STOCH value of 47.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:AEX.
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 | 3.41 | 22.39% | 2.11% | ― | ― | |
74 Outperform | £122.52M | -38.38 | -1.49% | 4.47% | -7.76% | -176.77% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | £193.62M | -20.15 | -9.14% | ― | -6.06% | -127.98% | |
58 Neutral | £96.43M | -35.64 | -22.89% | ― | 26.79% | -10.00% | |
52 Neutral | £97.37M | -113.84 | -0.56% | ― | ― | -40.00% | |
47 Neutral | £295.43M | -3.84 | 20.15% | 2.73% | -21.40% | 30.63% |
* Energy Sector Average
GB:AEX
Aminex plc
2.15
0.05
2.38%
GB:BOR
Borders & Southern Petroleum
10.30
-0.10
-0.96%
GB:CASP
Caspian Sunrise
1.90
-0.25
-11.63%
GB:AET
Afentra
69.90
22.70
48.09%
GB:TLW
Tullow Oil
10.26
-0.12
-1.16%
GB:PHAR
Pharos Energy
29.80
9.46
46.48%
Aminex plc Corporate Events
Business Operations and StrategyShareholder Meetings
Aminex Shareholders Approve All Resolutions at AGM
Positive
Oct 1, 2026
Aminex plc reported that all resolutions proposed at its latest Annual General Meeting were approved by shareholders, with each motion passed via poll voting by substantial majorities. The resolutions included receiving the 2025 accounts, authoris...
Business Operations and StrategyExecutive/Board Changes
Aminex Grants 70m Share Options and Extends Incentive Scheme Amid Ntorya Delay
Neutral
Sep 30, 2026
Aminex plc has approved the grant of 70 million compensation share options under its Restricted Share Plan, with awards to Executive Chairman Charles Santos, Senior Independent Director Tom Mackay and staff at an exercise price of 2 pence per shar...
Business Operations and StrategyExecutive/Board Changes
Aminex Brings Back Philip Thompson as Independent Non-Executive Director
Positive
Sep 25, 2026
Aminex plc has appointed Philip Thompson as an Independent Non-Executive Director, effective 1 October 2026, marking his return to the company’s board after previously serving as Chief Operating Officer and executive director. Thompson, a ge...
Business Operations and StrategyFinancial Disclosures
Aminex Keeps Ntorya First Gas on Track as Tanzanian Pipeline Nears Completion
Positive
Sep 25, 2026
Aminex PLC reported significant operational progress in the first half of 2026, with construction of the Ntorya–Madimba pipeline largely complete and connection works slated for year-end. Topographical surveys have been finalised, and the re...
Business Operations and Strategy
Aminex Sets $75m Ntorya Work Plan as Tanzania Gas Pipeline Nears Completion
Positive
Sep 23, 2026
Aminex has agreed with operator ARA Petroleum Tanzania on a revised 2026 work programme and a provisional 2027 plan for the Ntorya gas development, approving up to $75 million of gross spending over the period. The schedule includes testing and fi...
Business Operations and StrategyExecutive/Board Changes
Aminex Refreshes Board with New Non-Executive Directors from ARA Petroleum
Positive
Sep 18, 2026
Aminex plc has announced board changes, appointing ARA Petroleum executives Dr Salman Al Shidi and Dr Omar Al-Jaaidi as non-executive directors from 1 October 2026, while incumbent directors Sultan Al-Ghaiti and Robert Ambrose step down on 30 Sept...
Private Placements and FinancingRegulatory Filings and Compliance
Aminex Issues New Shares After Option Exercise, Updates Voting Rights
Positive
Sep 14, 2026
Aminex plc has issued 10,000,000 new ordinary shares following the exercise of options by a former employee, raising £140,000 to support general working capital. The new shares are expected to be admitted to the FCA’s Official List and ...
Regulatory Filings and ComplianceShareholder Meetings
Aminex Sets Date and Venue for 2026 Annual General Meeting
Positive
Sep 8, 2026
Aminex plc has scheduled its Annual General Meeting for 2.00 pm on 30 September 2026 at The Geological Society, Burlington House, Piccadilly, London. Shareholders who have opted for paper communications are being sent the Annual Report and AGM not...
Business Operations and StrategyLegal Proceedings
Aminex Secures Accelerated Ntorya Gas Development Schedule in Tanzania
Positive
Sep 2, 2026
Aminex has agreed a revised implementation programme for the Ntorya gas development in Tanzania after a meeting convened by the Ministry of Energy rejected operator ARA Petroleum Tanzania’s proposed delay. The new schedule sets October 2026 ...
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...
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.