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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:57Neutral
Price Target:GBX 1.50â–¼(-6.25% Downside)
Action:reiterated
Date:11/14/26

The score is primarily constrained by persistent losses and significant cash burn despite low leverage and improving revenue. Technical conditions are moderately supportive, while the earnings call indicates commercialization progress but continued execution and funding risks.

Positive Factors
Conservative leverageVery low leverage gives Quadrise greater financial flexibility while it develops its fuel technology and pursues commercialization. Limited debt reduces interest burden and near-term refinancing pressure, allowing more available capital to support trials, engineering work, and market development.
Negative Factors
Persistent losses and cash burnOngoing negative cash generation means Quadrise remains dependent on receipts, funding, or successful commercialization to sustain operations. Rising burn reduces the time available to complete trials and scale the business, while persistent losses indicate that current revenue is not yet supporting the cost base.

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

-80%-60%-40%-20%0%20%40%GB:QED-40.30%EWC+21.04%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
GBP 34.66M
Dividend Yield
―
Average Volume (3M)
6.44M
Price to Earnings (P/E)
-7.6
Beta (1Y)
1.60
Revenue Growth
111.90%
EPS Growth
-23.53%
Country
UK
Employees
12
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 23, 2026(Q2-2026)|% Change Since:6.67%|Next Earnings Date:Mar 29, 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

Revenue growth and very low leverage are offset by substantial net losses, a negative 47.0% net margin, negative operating cash flow, negative free cash flow, and declining equity and assets.

Income Statement

15Very Negative

Balance Sheet

68Positive

Cash Flow

12Very Negative
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 Price1.60

Price Trends

50DMA1.19Positive
100DMA1.15Positive
200DMA1.71Negative

Market Momentum

MACD0.16Positive
RSI55.24Neutral
STOCH25.21Neutral

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 1.60 is above the 20-day moving average (MA) of 1.39, above the 50-day MA of 1.19, and below the 200-day MA of 1.71, indicating a neutral trend. The MACD of 0.16 indicates Positive momentum. The RSI at 55.24 is Neutral, neither overbought nor oversold. The STOCH value of 25.21 is Neutral, 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 31.81M1.9622.39%―-42.74%-12.50%
GB:NWFGB:NWF74OutperformGBP 81.09M8.8510.04%5.34%1.90%48.28%
GB:SEAGB:SEA66NeutralGBP 67.58M-28.94-18.42%――68.98%
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
GB:QEDGB:QED57NeutralGBP 29.46M-7.62-61.19%―111.90%-23.53%
GB:TLWGB:TLW48NeutralGBP 140.29M-3.4820.15%―-21.40%30.63%
GB:AETGB:AET45NeutralGBP 171.14M-18.50-9.14%―-6.06%-127.98%

* Energy Sector Average

Performance Comparison

0%100%GB:QEDGB:CASPGB:NWFGB:AETGB:TLWGB:SEADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
GB:QED and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:QEDQuadrise Fuels International1.60-1.30-44.83%
GB:CASPCaspian Sunrise1.10-1.05-48.84%
GB:NWFNWF Group plc163.006.584.20%
GB:AETAfentra Plc64.4018.4040.00%
GB:TLWTullow Oil9.340.556.26%
GB:SEALongboat Energy Plc95.5027.0039.42%

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 2026. The partners a...

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...

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: Nov 14, 2026