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Quadrise Fuels International (QED) AI Stock Analysis

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GB:QED

Quadrise Fuels International

(LSE:QED)

Select Model
Rating:50Neutral
Price Target:GBX 1.50â–²(3.45% Upside)
Action:reiterated
Date:10/31/26

The score is held down primarily by weak financial performance (persistent losses and negative free cash flow with increasing burn, despite low debt). Technicals show improved short-term momentum but also overbought signals and a still-weak longer-term trend. The latest earnings call adds modest support due to clear commercialization milestones and disclosed cash runway, but delays and partner-dependent execution risk remain significant; valuation remains constrained by ongoing losses and no dividend.

Positive Factors
Low financial leverageVery low leverage gives Quadrise greater financial flexibility while it develops its commercial pipeline. Limited debt reduces interest pressure and refinancing exposure, allowing more of its available resources to support trials, engineering work, and market expansion before revenues scale.
Negative Factors
Persistent unprofitable operationsThe current revenue base is not yet sufficient to cover Quadrise’s operating cost structure, leaving profitability structurally weak. Continued losses indicate that commercialization has not produced meaningful operating leverage, and the company remains dependent on future scale or external funding.

Quadrise Fuels International (QED) vs. iShares MSCI United Kingdom ETF (EWC)

-80%-60%-40%-20%0%20%40%GB:QED-48.21%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 31.41M
Dividend Yield
―
Average Volume (3M)
3.69M
Price to Earnings (P/E)
-6.9
Beta (1Y)
1.87
Revenue Growth
111.90%
EPS Growth
-23.53%
Country
UK
Employees
10
Sector
Energy
Sector Strength
65
Industry
Oil & Gas Integrated

Quadrise Fuels International Business Overview & Revenue Model

Company Description

Quadrise Plc, an enterprise based in London, United Kingdom, and its associated companies, focus on the creation, promotion, and sale of distinctive emulsion-based fuels. These specialized fuels are primarily applied within the UK across diverse area...

Quadrise Fuels International Earnings Call Summary

Earnings Call Date:Mar 22, 2026(Q2-2026)|% Change Since:-3.33%|Next Earnings Date:Mar 28, 2027
Earnings Call SentimentPositive

The call conveys cautious optimism: multiple near-term operational positives (MSC/Cargill trial close, OCP traction, Valkor payments and pilot plan, USD 4.0M cash + expected receipts, strengthened team and R&D collaborations) signal momentum toward commercialization. However, material execution risks remain—legal/commercial finalization for the MSC trilateral agreement, Valkor pilot/sample delays, feedstock scaling complexity, regulatory/IMO timing uncertainty, and increased cash burn. Management presents these as manageable pragmatic issues rather than fundamental technology failures, resulting in a constructive but cautious outlook.

Positive Updates

Near-Term Progress on MSC / Cargill Trial
Management reports the MSC–Cargill–Quadrise trilateral trial agreement is close to signature; VAT concern for Antwerp resolved and a Belgian branch filed to avoid delays. Team describes remaining issues as pragmatic/legal rather than principal, and expects a single signing for the related agreements.

Negative Updates

Delays & Legal/Commercial Friction on MSC Signing
Agreement signature has been delayed by detailed commercial/legal negotiations (including tripartite wording and standard buyer terms). Management declined to give a hard timetable and notes large buyers’ internal priorities (e.g., fuel availability, geopolitical events) can slow decisions.

Company Guidance

The call set out clear near‑term milestones and cash guidance: cash at 31 Dec was $4.0m, historical cash burn ~$3.0m/yr (recently +10–15% → ~ $3.3–3.45m/yr), and management expects ~USD 950k–1.0m from Valkor (a $300k installment due end of month and ~$650k due end of year), plus small grant receipts (c.$12k recognized in the period; ~ $50k total grant cash); tax losses stand at ~£68m. Operational metrics and timing include two MSC/Cargill trials (MSAR and bioMSAR) now close to signature, an OCP trial of ~15–30 days depending on kiln size, Valkor pilot runs producing samples with pilot plant installation targeted in Q3 and full plant operational in Q4 and Quadrise’s unit shipping in Q2. Scale‑up planning covers a gross shortlist of ~25 refineries, an Antwerp branch filed, priority bunkering hubs (Singapore, N. Europe, Med, Americas), ISCC audit post‑commissioning, and technology constraints (MSAR ~30% water vs bioMSAR ~10% water); the company is also in an EU digital‑twin project with ~18 partners (modelling 4 existing + 4 new‑build vessel types) and has added hires (Matthew Hyde, 30+ years; Michael Covington), with 45 investor questions logged.

Quadrise Fuels International Financial Statement Overview

Summary

Overall financials reflect an early-stage profile: very small/volatile revenue, persistently deep losses, and consistently negative operating/free cash flow with rising cash burn. The key offset is a low-debt balance sheet (low leverage), though equity has declined, highlighting ongoing funding dependence until meaningful commercialization.

Income Statement

18Very Negative

Balance Sheet

56Neutral

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue89.00K89.00K42.00K0075.00K
Gross Profit-2.00M-2.00M-1.58M-1.46M-1.74M-1.37M
EBITDA-4.24M-4.24M-3.01M-2.85M-3.06M-2.64M
Net Income-4.18M-4.18M-3.10M-2.86M-3.09M-2.60M
Balance Sheet
Total Assets7.16M7.16M10.38M6.73M5.02M8.03M
Cash, Cash Equivalents and Short-Term Investments2.12M2.12M5.89M3.05M1.34M4.42M
Total Debt319.00K319.00K181.00K145.00K253.00K71.00K
Total Liabilities1.31M1.31M886.00K440.00K175.00K262.00K
Stockholders Equity5.84M5.84M9.50M6.29M4.85M7.76M
Cash Flow
Free Cash Flow-3.82M-3.83M-3.25M-2.25M-3.08M-2.58M
Operating Cash Flow-3.58M-3.58M-2.81M-2.16M-2.99M-2.52M
Investing Cash Flow-240.00K-240.00K-442.00K-66.00K-95.00K-58.00K
Financing Cash Flow50.00K50.00K6.09M3.93M-66.00K0

Quadrise Fuels International Technical Analysis

Technical Analysis SentimentPositive
Last Price1.45

Price Trends

50DMA1.04Positive
100DMA1.16Positive
200DMA1.74Negative

Market Momentum

MACD0.03Negative
RSI71.35Negative
STOCH84.16Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:QED, the sentiment is Positive. The current price of 1.45 is above the 20-day moving average (MA) of 1.01, above the 50-day MA of 1.04, and below the 200-day MA of 1.74, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 71.35 is Negative, neither overbought nor oversold. The STOCH value of 84.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:QED.

Quadrise Fuels International Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

GB:QED against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:CASPGB:CASP74OutperformGBP 44.77M3.4422.39%―――
GB:NWFGB:NWF74OutperformGBP 79.85M8.7410.04%5.40%1.90%48.28%
GB:SEAGB:SEA66NeutralGBP 76.38M-32.88-18.42%――68.98%
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
GB:TLWGB:TLW52NeutralGBP 158.17M-3.9520.15%―-21.40%30.63%
GB:QEDGB:QED50NeutralGBP 31.41M-6.90-61.19%―111.90%-23.53%
GB:AETGB:AET45NeutralGBP 191.72M-20.60-9.14%―-6.06%-127.98%

* Energy Sector Average

Performance Comparison

-50%0%50%100%150%GB:QEDGB:CASPGB:NWFGB:AETGB:TLWGB:SEADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:QED and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:QEDQuadrise Fuels International1.45-1.48-50.51%
GB:CASPCaspian Sunrise1.90-0.25-11.63%
GB:NWFNWF Group plc161.00-3.96-2.40%
GB:AETAfentra Plc70.8022.8047.50%
GB:TLWTullow Oil10.440.676.86%
GB:SEALongboat Energy Plc108.5040.1058.63%

Quadrise Fuels International Corporate Events

Business Operations and StrategyPrivate Placements and FinancingProduct-Related Announcements

Quadrise Advances Valkor Utah Fuel Project as Licence Payments Progress

Positive
Oct 15, 2026

Quadrise has received a representative heavy sweet oil sample from Valkor Technologies’ pilot plant in Utah and successfully formulated MSAR® and bioMSAR™ emulsions, with further optimisation work planned in the fourth quarter of 202...

Business Operations and StrategyExecutive/Board Changes

Quadrise boosts equity incentives with new option grants to conserve cash and align staff with shareholders

Positive
Sep 22, 2026

Quadrise plc has granted 35 million new share options to directors and employees under its existing 2016 Unapproved Share Option Plan and EMI scheme, reinforcing long-term incentives tied to the commercialisation of its low-emission fuel technologies...

Business Operations and StrategyProduct-Related Announcements

Quadrise Advances Utah Valkor Project as Licence Payment Nears

Positive
Sep 16, 2026

Quadrise Plc has reported progress on its collaboration with Valkor Technologies at the Asphalt Ridge site in Utah, where drilling has begun at two new pilot wells informed by a core study validating an enhanced oil recovery approach. Valkor plans an...

Business Operations and StrategyFinancial Disclosures

Quadrise to unveil full-year results and project milestone update in October

Neutral
Aug 6, 2026

Quadrise Plc, traded on AIM as QED, is a manufacturer of lower-cost, lower-emission replacement fuels and biofuels serving the shipping and heavy industry markets. The Group seeks to offer cleaner alternatives to traditional marine and industrial fue...

Business Operations and Strategy

Quadrise Extends Morocco Deal and Sets Warrant Incentives for MSAR® Fuel Contracts

Positive
Jul 31, 2026

Quadrise has amended its representation agreement with its Moroccan representative, Younes Maamar, to extend the term through 31 December 2026, maintaining a success‑based incentive framework tied to commercialisation of MSAR® fuel project...

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.

Date of analysis: Oct 31, 2026