ADX Energy (AU:ADX)
ASX:ADX
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ADX Energy
(Sydney:ADX)
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Rating:40Underperform
Price Target:
AU$0.03
â–¼(-3.33% Downside)
Action:DowngradedDate:04/08/26
The score is primarily held down by weak financial performance—persistent losses and structurally negative free cash flow imply ongoing funding needs—while technicals also point to bearish momentum (below key moving averages with negative MACD). Valuation offers limited support because the negative P/E reflects unprofitable operations and no dividend yield is available.
Positive Factors
Manageable leverage and positive equity
Recent modest debt levels and a positive equity balance provide durable financial flexibility versus highly leveraged peers. This reduces near-term default risk, supports the ability to negotiate partnerships or staged financing, and gives the company runway to pursue selective E&P activity without immediate distress.
Negative Factors
Persistent negative cash generation
Consistently negative operating and free cash flow is a structural weakness. It forces reliance on external financing, constrains reinvestment in exploration and development, raises financing costs, and increases the probability of dilutive capital raises during periods of weak commodity prices.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage and positive equity
Recent modest debt levels and a positive equity balance provide durable financial flexibility versus highly leveraged peers. This reduces near-term default risk, supports the ability to negotiate partnerships or staged financing, and gives the company runway to pursue selective E&P activity without immediate distress.
Read all positive factors
ADX Energy (ADX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$26.83M
Dividend YieldN/A
Average Volume (3M)1.58M
Price to Earnings (P/E)―
Beta (1Y)1.12
Revenue Growth3.57%
EPS Growth-43.48%
CountryAU
Employees4
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.02
Shares Outstanding894,356,400
10 Day Avg. Volume1,157,866
30 Day Avg. Volume1,579,211
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.98
Price to Sales (P/S)1.42
P/FCF Ratio-1.95
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)-0.01
Revenue Forecast (FY)N/A
ADX Energy Business Overview & Revenue Model
Company Description
ADX Energy Ltd engages in the production, appraisal, and exploration of oil and gas properties. Its project portfolio comprises the Gaiselberg and Zistersdorf fields in the Vienna basin, Austria; the Nilde Oil Field offshore redevelopment project ...
How the Company Makes Money
ADX makes money through upstream oil and gas operations and related asset transactions. Revenue (when applicable) is generated primarily from the sale of produced hydrocarbons (oil, natural gas, and/or condensate) from fields in which ADX holds wo...
ADX Energy Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
43
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.50M | 10.14M | 12.88M | 14.45M | 9.66M |
| Gross Profit | -7.33M | -4.66M | -3.60M | 2.39M | 3.75M |
| EBITDA | -7.05M | -2.85M | -695.46K | 598.99K | -1.82M |
| Net Income | -11.79M | -7.87M | -4.06M | -2.30M | -4.17M |
Balance Sheet | |||||
| Total Assets | 43.77M | 51.27M | 42.64M | 32.66M | 36.14M |
| Cash, Cash Equivalents and Short-Term Investments | 4.76M | 9.08M | 8.01M | 3.57M | 5.94M |
| Total Debt | 2.76M | 3.04M | 3.23M | 1.47M | 4.79M |
| Total Liabilities | 28.98M | 28.54M | 26.89M | 20.26M | 24.45M |
| Stockholders Equity | 7.52M | 14.94M | 7.63M | 4.02M | 3.21M |
Cash Flow | |||||
| Free Cash Flow | -7.61M | -29.49M | -8.01M | -2.27M | -3.08M |
| Operating Cash Flow | -3.48M | -1.77M | -2.92M | 3.64M | -2.25M |
| Investing Cash Flow | -3.59M | -10.31M | 456.61K | -4.83M | 174.01K |
| Financing Cash Flow | 2.55M | 13.04M | 6.77M | -1.19M | 5.97M |
ADX Energy Technical Analysis
Positive
0.03
Price Trends
0.03
Positive
0.03
Positive
0.03
Positive
Market Momentum
<0.01
Negative
59.67
Neutral
91.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ADX, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.67 is Neutral, neither overbought nor oversold. The STOCH value of 91.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ADX.
ADX Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
57 Neutral | AU$21.65M | -14.94 | -6.54% | ― | 27.55% | -60.00% | |
52 Neutral | AU$27.75M | -0.51 | -75.72% | ― | -25.04% | -192.86% | |
52 Neutral | AU$23.98M | 3.49 | 30.01% | ― | -17.90% | ― | |
49 Neutral | AU$34.04M | -4.02 | -6.67% | ― | ― | -283.33% | |
40 Underperform | AU$26.83M | -1.26 | -126.10% | ― | 3.57% | -43.48% | |
39 Underperform | AU$16.17M | -2.75 | -35.17% | ― | ― | 64.71% |
* Energy Sector Average
AU:ADX
ADX Energy
0.03
<0.01
26.09%
AU:ATS
Australis Oil & Gas
0.02
<0.01
81.82%
AU:BRU
Buru Energy
0.02
-0.02
-58.33%
AU:MAY
Melbana Energy Limited
0.01
-0.02
-60.00%
AU:OEL
Otto Energy Limited
0.01
<0.01
30.00%
AU:BAS
Bass Oil Ltd
0.06
0.02
42.50%
ADX Energy Corporate Events
ADX Energy Advances Hochfeld-1 Shallow Gas Well in Austria
May 4, 2026
ADX Energy has provided an operational update on its Hochfeld-1 shallow gas exploration well in the ADX-AT-I licence in Upper Austria, where it is operator with a 50% economic interest. The HOCH-1 well, targeting Miocene Hall formation sandstones ...
ADX Energy Posts Cash Outflows but Bolsters Funding Through Equity Raise
Apr 30, 2026
ADX Energy reported operating cash receipts of A$2.1 million for the March 2026 quarter but recorded a net operating cash outflow of A$2.3 million, reflecting ongoing spending on exploration, production, staff and corporate costs. The company also...
ADX Energy lifts Austrian output, launches shallow gas push and readies Oslo listing
Apr 30, 2026
ADX Energy reported higher quarterly production and revenue from its Austrian operations, supported by well workovers in the Vienna Basin and rising Brent prices, leaving the company with A$4.9 million in unrestricted cash. The company also comple...
ADX Energy Advances HOCH-1 Shallow Gas Drilling in Upper Austria After Overcoming Delays
Apr 28, 2026
ADX Energy has provided an update on drilling operations at its Hochfeld-1 shallow gas exploration well in Upper Austria, the first of three shallow gas prospects scheduled for drilling in 2026. The HOCH-1 well, operated by ADX with a 50% economic...
ADX Energy Plans Webinar to Outline European Gas Strategy and Exploration Results
Apr 23, 2026
ADX Energy has scheduled a shareholder webinar to provide a corporate update and strategic outlook, highlighting its positioning within the changing European gas market. The event aims to brief investors on how the company is aligning its operatio...
ADX Energy to Outline European Growth Plans in Investor Webinar
Apr 20, 2026
ADX Energy will host a webinar led by Executive Chairman Ian Tchacos to brief shareholders and investors on recent progress and near-term opportunities across its European portfolio. The session will outline the company’s strategic outlook, ...
ADX Energy Starts Drilling HOCH-1 Shallow Gas Well in Austria
Apr 19, 2026
ADX Energy has begun drilling the Hochfeld-1 shallow gas exploration well in its ADX-AT-I exploration licence in Upper Austria, where it holds a 50% economic interest and operates the project. The well targets highly productive Miocene-age Hall fo...
ADX Energy Plans New Share and Long-Dated Option Issue
Apr 17, 2026
ADX Energy has notified the ASX of a proposed issue of securities comprising up to 4,945,000 ordinary fully paid shares and 4,240,000 unlisted options with expiries ranging from May 2030 to January 2031. The placement, scheduled for issue by 31 De...
ADX Energy Sets 2026 AGM to Approve Incentive and Capital Management Plans
Apr 17, 2026
ADX Energy has called its Annual General Meeting for 19 May 2026 in Nedlands, Western Australia, setting out the agenda, resolutions, and shareholder voting procedures. The notice details how shareholders can participate in person or by proxy, def...
ADX Energy starts mobilisation for Hochfeld-1 shallow gas well in Austria
Apr 13, 2026
ADX Energy has begun mobilising a drilling rig for its Hochfeld-1 shallow gas exploration well in the ADX-AT-I licence in Upper Austria, with spudding expected on 16 April 2026. The company operates the prospect with a 50% economic interest and pl...
ADX Energy options set to expire out of the money in May 2026
Apr 10, 2026
ADX Energy has notified the market that 64,285,731 quoted options (ASX: ADXO), each exercisable at $0.15, will expire at 5.00pm AWST on 8 May 2026, with quotation ceasing on 4 May 2026. As the options are substantially out of the money relative to...
ADX Energy Options Lapse, Removing 25.5 Million Potential Shares
Apr 1, 2026
ADX Energy Ltd has announced the expiry of several tranches of listed options that were not exercised by their 31 March 2026 deadline, resulting in the cessation of 25.5 million securities. The expired options carried exercise prices ranging from ...
ADX Energy Outlines 2025 Corporate Governance and Diversity Benchmarks
Mar 30, 2026
ADX Energy has released its corporate governance statement for the year to 31 December 2025, confirming broad compliance with the ASX Corporate Governance Council’s latest principles. The board has formalised roles via a board charter, writt...
ADX Energy Publishes Comprehensive 2025 Annual Report
Mar 30, 2026
ADX Energy Ltd has released its annual report for the year ended 31 December 2025, providing shareholders with a comprehensive overview of its operations, reserves position and financial performance. The report consolidates key governance, audit a...
ADX Energy Issues Over 162 Million New Shares Under Disclosure Exemption
Mar 20, 2026
ADX Energy has issued 162,962,963 new ordinary fully paid shares without a disclosure document under the small-scale or other exemption provisions of Section 708 of the Corporations Act 2001. The company stated it remains compliant with its financ...
ADX Energy Seeks ASX Quotation for 163 Million New Shares
Mar 20, 2026
ADX Energy has applied to the ASX for quotation of 162,962,963 new ordinary fully paid shares, to be issued on 20 March 2026. The move, lodged as an Appendix 2A, reflects the conversion of previously announced transactions into quoted equity, expa...
ADX Energy denies undisclosed news behind share price slide after ASX query
Mar 19, 2026
ADX Energy has responded to an ASX price query following a sharp fall in its share price and a spike in trading volumes between 18 and 19 March 2026. The company stated it is not aware of any undisclosed information that could explain the trading ...
ADX Energy Plans Major Equity and Options Issue to Bolster Funding
Mar 12, 2026
ADX Energy has outlined plans for a new capital raising, proposing the issue of 163,962,963 fully paid ordinary shares alongside substantial tranches of unlisted options. The options, which carry an exercise price of 4.05 cents and expire 24 month...
ADX Energy Raises A$4.4m to Accelerate European Oil and Gas Growth
Mar 12, 2026
ADX Energy has raised A$4.4 million through a discounted share placement to new and existing sophisticated and institutional investors, issuing 163 million new shares with free-attaching options. The capital injection strengthens the company’...
ADX Energy Seeks Trading Halt Ahead of Capital Raising Announcement
Mar 10, 2026
ADX Energy has requested a trading halt in its securities on the ASX from market open on 11 March 2026, as the company prepares an announcement regarding a planned capital raising. The halt will remain in place until the earlier of the start of no...
ADX Energy Plans Issue of 13.9 Million Unlisted Options
Mar 10, 2026
ADX Energy has notified the market of a proposed issue of 13.9 million unlisted options as part of a new securities placement. The options will carry an exercise price of $0.045 and are scheduled to expire on 31 May 2028, with the issue date targe...
ADX Energy extends loan notes to fund European drilling push
Mar 10, 2026
ADX Energy has secured an extension of A$750,000 in loan note funding to 30 September 2027, with A$500,000 to be repaid in March 2026, in a move that enhances financial flexibility for its European growth plans. The revised terms, including the la...
ADX Energy Highlights Independently Audited Reserves and Resource Classifications
Mar 6, 2026
ADX Energy has outlined its position as a European-focused oil and gas producer and explorer, detailing its portfolio of developed and undeveloped reserves and prospective resources across Austria and Italy. The company emphasised that its reserve...
ADX Energy flags larger Welchau gas and light oil potential in Austria
Mar 3, 2026
ADX Energy has updated its resource assessment for the Welchau prospect in Austria, combining newly identified updip light oil volumes in the Welchau 1 well with gas resources beneath the well and updip of the historic Molln-1 gas condensate disco...
ADX Energy Highlights Independently Audited Reserves in European Portfolio
Feb 22, 2026
ADX Energy has released an investor presentation outlining its status as a Europe-focused oil and gas producer and explorer with assets in Austria and Italy, including the Zistersdorf, Gaiselberg and Anshof fields. The company highlights its use o...
ADX Energy Ramps Up Austrian Drilling, Testing and Workover Program
Feb 6, 2026
ADX Energy has commenced a multi-pronged operational program in its Austrian portfolio, including the resumption of flow testing at the Welchau-1 well in the Upper Austria exploration area to assess the hydrocarbon content and flow characteristics...
ADX Energy boosts director’s equity stake through share-based remuneration
Feb 5, 2026
ADX Energy has increased Director Edouard Etienvre’s equity stake through the issuance of new shares under its Directors’ Share Plan, following shareholder approval in May 2025. Etienvre received 120,370 shares directly and 298,611 sha...
ADX Energy Grants Shares and Options to Director Paul Fink as Part of Fee Package
Feb 5, 2026
ADX Energy has reported a change in the holdings of Director Paul Fink, who has received additional fully paid ordinary shares and unlisted options as part of his remuneration for the quarter ended 31 December 2025. The 46,297 new shares were issu...
ADX Energy director converts fees into equity to boost holdings
Feb 4, 2026
ADX Energy announced that director David Gilbert received 1,064,801 fully paid shares and two million unlisted options through the company’s shareholder-approved Directors’ Share Plan and director appointment arrangements, converting a...
ADX Energy Director Ian Tchacos Increases Equity and Option Holdings
Feb 4, 2026
ADX Energy has reported a change in the holdings of director Ian Tchacos, who has increased his direct interest in the company through the acquisition of 46,297 fully paid ordinary shares and 520,833 unlisted options on 4 February 2026. The disclo...
ADX Energy Issues Over 6 Million Shares Under Disclosure Exemption
Feb 4, 2026
ADX Energy has issued 6,062,695 ordinary fully paid shares without a disclosure document under the small-scale exemption provisions of the Corporations Act. The company states it remains compliant with financial reporting and continuous disclosure...
ADX Energy issues 2 million unquoted options under prior agreement
Feb 4, 2026
ADX Energy issued 2 million unquoted options expiring in January 2028 at an exercise price of $0.039, completing a previously flagged Appendix 3B process that adds incentive-linked equity without immediate dilution. The fresh tranche of options bo...
ADX Energy Issues Additional Long-Dated Incentive Options
Feb 4, 2026
The company has issued 1,098,957 unlisted nil-cost options expiring 31 January 2030 pursuant to a previously flagged Appendix 3B transaction, enlarging its unquoted incentive pool without diluting quoted equity. The expanded option grant signals A...
ADX Energy Seeks ASX Quotation for Additional Shares
Feb 4, 2026
ADX Energy lodged an Appendix 2A application with the ASX to quote 1,064,801 newly issued ordinary shares tied to a previously flagged transaction, effectively expanding its listed equity. The small-scale issuance highlights ongoing capital struct...
ADX Energy Seeks ASX Quotation for Additional 511,575 Shares
Feb 4, 2026
ADX Energy Ltd has applied for quotation on the ASX of 511,575 new ordinary fully paid shares, with an issue date of 4 February 2026. The newly issued securities form part of transactions previously announced via an Appendix 3B, indicating the com...
ADX Energy Identifies Dual Oil and Gas Targets at Welchau Anticline
Feb 4, 2026
ADX Energy has updated its technical interpretation of the Welchau anticline in its ADX-AT-II licence, identifying a dual appraisal opportunity comprising a potential light oil accumulation about 500 metres updip of the Welchau-1 well and gas cond...
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.