TipRanks
Go Ultimate55% OFF

Oilex Ltd (SYN) AI Stock Analysis

GB:SYN

Oilex Ltd

(LSE:SYN)

Select Model
Rating:45Neutral
Price Target:GBX 0.01â–²(30.00% Upside)
Action:reiterated
Date:03/12/26

The overall score of 45 reflects significant operational and technical weaknesses. While a completely debt-free balance sheet provides exceptional financial flexibility, severe cash burn, collapsing revenues, and bearish long-term price momentum highlight the substantial risks of this speculative asset.

Positive Factors
Low leverage / strong balance sheetThe company reported zero total debt and ~£9.1m equity in 2025, which materially reduces near-term insolvency risk and interest burden. This capital structure gives management flexibility to pursue farm-outs, asset sales or selective drilling without immediate refinancing pressure, supporting execution over the next several quarters.
Negative Factors
Sharp revenue decline and weak unit economicsRevenue contracted sharply (~60% year-over-year) while gross profit stayed deeply negative, signaling weak underlying unit economics. Persistent negative gross margins imply operations are not yet profitable at the asset level, making sustainable earnings recovery dependent on project improvement or non-recurring gains.

Oilex Ltd (SYN) vs. iShares MSCI United Kingdom ETF (EWC)

-60%-40%-20%0%20%40%GB:SYN-50.00%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 1.32M
Dividend Yield
―
Average Volume (3M)
38.81M
Price to Earnings (P/E)
-0.8
Beta (1Y)
-0.20
Revenue Growth
280.76%
EPS Growth
-233.33%
Country
UK
Employees
29
Sector
Energy
Sector Strength
65
Industry
Oil & Gas Exploration & Production

Oilex Ltd Business Overview & Revenue Model

Company Description

Synergia Energy Ltd is an energy company involved in the full spectrum of oil and gas operations, from exploration and appraisal to development, production, and marketing across its operating regions in Australia, India, and Indonesia. A significant...

How the Company Makes Money

Oilex’s revenue model is tied to monetising petroleum assets and related rights. In general, an exploration and development company like Oilex can generate income through: (1) sales of crude oil and/or natural gas from producing fields (where it hold...

Oilex Ltd Financial Statement Overview

Summary

The company benefits from a pristine, zero-debt balance sheet, but this is deeply overshadowed by a 60% revenue collapse, negative core operating margins, and severe cash burn.

Income Statement

32Negative

Balance Sheet

88Very Positive

Cash Flow

15Very Negative
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue181.30K146.27K638.46K1.30M141.44K0
Gross Profit-636.18K-389.68K-410.54K-1.27M-1.05M-140.26K
EBITDA-2.52M-3.49M-1.13M-4.98M-1.26M-1.46M
Net Income-3.37M4.99M-2.80M-5.38M-2.06M-614.35K
Balance Sheet
Total Assets22.80M11.43M19.87M18.98M25.78M15.14M
Cash, Cash Equivalents and Short-Term Investments621.53K581.03K1.07M938.59K4.91M4.75M
Total Debt001.74M774.67K451.36K-215.27K
Total Liabilities4.84M2.36M9.91M8.64M11.19M6.16M
Stockholders Equity17.96M9.06M9.96M10.34M14.58M8.98M
Cash Flow
Free Cash Flow-819.06K-6.16M-3.36M-5.38M-4.84M-1.53M
Operating Cash Flow-686.08K-3.91M-2.75M-5.37M-4.80M-1.39M
Investing Cash Flow-498.32K1.23M-608.95K-3,227-2.58M501.20K
Financing Cash Flow693.58K826.09K3.47M1.54M7.80M4.77M

Oilex Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

GB:SYN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
GB:SYNGB:SYN45NeutralGBP 1.32M-0.81-24.91%―280.76%-233.33%
GB:BUCEGB:BUCE39UnderperformGBP 2.20M-1.17123.80%―-20.00%50.00%
GB:PETGB:PET38UnderperformGBP 1.66M-6.0038.44%――42.31%
GB:BCEGB:BCE37UnderperformGBP 2.93M-0.59102.72%―――

* Energy Sector Average

Performance Comparison

-60%-40%-20%0%GB:SYNGB:ADMEGB:BUCEGB:BCEGB:PETDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:SYN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:SYNOilex Ltd0.01-0.01-50.00%
GB:ADMEADM Energy plc0.01-0.04-78.18%
GB:BUCENostra Terra Oil and Gas0.01-0.01-45.00%
GB:BCEAdvance Energy Plc2.35-1.55-39.73%
GB:PETPetrel Resources0.80-0.05-5.88%

Oilex Ltd Corporate Events

Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance

Synergia Energy Promotes Long-Serving Executive to Company Secretary

Positive
Jul 24, 2026

Synergia Energy Ltd has appointed long-serving executive Stacey Britza as its new Company Secretary, effective immediately. Britza, who became a non-executive director in May 2026 and has spent 18 years in roles supporting governance and compliance,...

Business Operations and StrategyPrivate Placements and Financing

Synergia Energy Grants Over 2.1 Billion Share Options Linked to Loan Deal

Neutral
Jun 29, 2026

Synergia Energy Ltd has issued 2,169,649,244 share options to Republic Investment Management Pte Ltd, in connection with a previously announced loan agreement. The options are exercisable at 0.0119 pence per share, representing a 10% premium to the s...

Business Operations and Strategy

Synergia Energy to Relinquish Camelot CCS Licence and Refocus on Indian Cambay Field

Negative
Jun 16, 2026

Synergia Energy has decided to relinquish its 50% interest in the CS019 Camelot carbon storage licence in the UK Southern North Sea, after legacy well integrity concerns and uncertainty over securing a storage permit for the Leman Sandstone reservoir...

Business Operations and Strategy

Synergia Advances Cambay Workovers and Plans New Eocene Well

Positive
May 27, 2026

Synergia Energy reported progress on its Cambay PSC workover campaign in India, completing interventions on four legacy wells with mixed but generally modest initial oil production rates. The company also noted ongoing production from existing wells...

Executive/Board Changes

Synergia Energy Elevates Long-Serving Executive Assistant to Non-Executive Director

Positive
May 12, 2026

Synergia Energy Ltd has appointed long-time employee Stacey Britza as a Non-Executive Director with immediate effect, elevating her from her previous roles as Executive Assistant and Assistant Company Secretary. Her 18 years of involvement with the c...

Business Operations and StrategyExecutive/Board Changes

Synergia Energy Updates Cambay Output and Reshapes Board

Positive
May 5, 2026

Synergia Energy reported that April 2026 oil production from its Cambay PSC in India averaged 148 barrels per day, mainly from two recently worked-over wells, while gas output reached 39 thousand cubic feet per day from the C-77H well. The company is...

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: Aug 04, 2026