Want to see AU:ADX full AI Analyst Report?
Top Page
ADX Energy
(Sydney:ADX)
Select Model
Select Model
Rating:42Neutral
Price Target:
AU$0.02
▼(-20.00% Downside)
Action:Upgraded
Date:07/31/26
The score is driven primarily by weak financial performance, with persistent losses and structurally negative free cash flow indicating ongoing funding dependence. Technicals also weigh on the score as the stock trades below all major moving averages, signaling a sustained downtrend. Valuation does not offset these risks because the negative P/E reflects unprofitable operations and there is no dividend yield data to support the investment case.
Positive Factors
Multiple monetisation routes
ADX’s stated model includes production revenue, asset development/farm-downs and exploration partnering (farm-outs). These complementary paths reduce reliance on a single outcome, enable staged capital deployment, and allow value crystallisation via partners or asset sales over the medium term.
Negative Factors
Consistent negative cash flow
Operating cash flow is negative in most years and free cash flow is negative every year, with heavy cash burn noted in 2024. Persistent deficits force reliance on external financing or asset disposals, constraining the firm's ability to self-fund drilling/appraisal and raising dilution risk over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Multiple monetisation routes
ADX’s stated model includes production revenue, asset development/farm-downs and exploration partnering (farm-outs). These complementary paths reduce reliance on a single outcome, enable staged capital deployment, and allow value crystallisation via partners or asset sales over the medium term.
Read all positive factors
ADX Energy (ADX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.33M
Dividend YieldN/A
Average Volume (3M)1.58M
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue Growth3.57%
EPS Growth-43.48%
CountryAU
Employees4
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.02
Shares Outstanding1,073,662,000
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 specializes in the exploration, evaluation, and extraction of oil and gas reserves. The company's diverse portfolio of projects spans multiple European regions, encompassing the Gaiselberg and Zistersdorf fields in the Vienna Basin,...
How the Company Makes Money
ADX makes money primarily through hydrocarbons-related value creation and cash flows: (1) Production revenue (if/when fields are in production): ADX earns sales revenue from its working interest share of produced oil and/or natural gas, with reven...
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 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% | |
59 Neutral | AU$28.77M | 2.61 | 30.01% | ― | -17.90% | ― | |
56 Neutral | AU$17.25M | -15.01 | -6.54% | ― | 27.55% | -60.00% | |
49 Neutral | AU$27.75M | -0.70 | -75.72% | ― | -25.04% | -192.86% | |
45 Neutral | AU$15.13M | -40.00 | -6.67% | ― | ― | -283.33% | |
43 Neutral | AU$16.30M | -1.79 | -35.17% | ― | ― | 64.71% | |
42 Neutral | AU$19.33M | -0.91 | -126.10% | ― | 3.57% | -43.48% |
* Energy Sector Average
AU:ADX
ADX Energy
0.02
-0.01
-45.16%
AU:ATS
Australis Oil & Gas
0.02
<0.01
66.67%
AU:BRU
Buru Energy
0.01
-0.01
-50.00%
AU:MAY
Melbana Energy Limited
0.01
-0.01
-54.55%
AU:OEL
Otto Energy Limited
―
―
―
AU:BAS
Bass Oil Ltd
0.05
0.02
60.00%
ADX Energy Corporate Events
ADX Energy Director Ian Tchacos Increases Direct Shareholding
Jul 31, 2026
ADX Energy Ltd, an Australia-listed oil and gas exploration and production company, maintains a capital structure comprising fully paid ordinary shares and numerous unlisted options held directly and via associated entities. The company’s go...
ADX Energy Issues Shares Under Corporations Act Exemption
Jul 31, 2026
ADX Energy Ltd has issued 2,959,011 ordinary fully paid shares without a disclosure document under the exemption provisions of Section 708 of the Corporations Act 2001. The company has lodged a formal notice confirming the regulatory basis for thi...
ADX Energy Seeks ASX Quotation for New Share Issue
Jul 31, 2026
ADX Energy has applied for the quotation of 2,959,011 new ordinary fully paid shares on the ASX, with an issue date of July 31, 2026. The additional securities, arising from the exercise or conversion of existing instruments, modestly increase the...
ADX Energy Posts Negative Cash Flow Amid Continued Investment in Production Assets
Jul 31, 2026
ADX Energy reported a net cash outflow from operating activities of A$1.23 million in the June 2026 quarter, driven by production, staff, and corporate costs exceeding customer receipts. Additional investment in property, plant and equipment, incl...
ADX Energy boosts revenue on higher prices and advances Austrian gas and Sicily Channel prospects
Jul 31, 2026
ADX Energy reported average net production of 197 BOEPD for the June quarter, slightly down on the prior period, but benefited from sharply higher Brent oil and European gas prices that lifted sales revenue 71% to A$3.6 million despite a reduction...
ADX Energy Issues 171.9 Million Shares Under Disclosure Exemption
Jul 30, 2026
ADX Energy has issued 171,975,000 ordinary fully paid shares without a disclosure document, relying on exemptions under Section 708 of the Corporations Act 2001. The move reflects a capital-raising or share-based transaction structured within the ...
ADX Energy Seeks ASX Quotation for 171.9 Million New Shares
Jul 30, 2026
ADX Energy Ltd has applied for the quotation of 171,975,000 new ordinary fully paid shares on the ASX, with an issue date of July 30, 2026. The application, lodged under Appendix 2A of the ASX Listing Rules, relates to securities issued as part of...
ADX Energy to Release 1.7 Million Shares from Escrow in August
Jul 23, 2026
ADX Energy Ltd has announced that 1,724,138 ordinary fully paid shares will be released from voluntary escrow on 4 August 2026, in line with ASX Listing Rule 3.10A. The release will increase the number of freely tradable shares on the market, pote...
ADX Energy Plans Major Share and Options Placement on ASX
Jul 22, 2026
ADX Energy Ltd has notified the ASX of a proposed securities issue, outlining plans for a substantial placement of ordinary shares and accompanying options. The company intends to issue 179,225,000 ordinary fully paid shares along with several tra...
ADX Energy raises A$3.58m to accelerate European oil and gas growth
Jul 22, 2026
ADX Energy has secured firm commitments to raise A$3.58 million through a discounted share placement to sophisticated investors, with additional free-attaching options intended for ASX listing. Board members will also participate, subject to share...
ADX Energy lifts Austrian output 35% with Vienna Basin workover
Jul 8, 2026
ADX Energy has boosted output from its Vienna Basin fields in Austria after a behind-pipe perforation program on two existing wells added approximately 75 BOEPD of oil and gas production. The work increased field volumes from about 150 BOEPD to 22...
ADX Energy details audited reserves and multi-well growth program in Austria
Jul 1, 2026
ADX Energy has released a corporate presentation outlining a near-term multi-well program aimed at accelerating production growth from its Austrian oil and gas fields. The company emphasises its focus on European operations, combining development ...
ADX Energy posts strong initial gas flow from Hochfeld-1 test in Austria
Jun 21, 2026
ADX Energy has reported encouraging initial test results from its Hochfeld-1 shallow gas exploration well in Upper Austria, the first of three planned shallow gas prospects in the region. The well has intersected up to eight gas-bearing sand inter...
ADX Energy Reports Strong Initial Gas Flow From HOCH-1 Well in Austria
Jun 18, 2026
ADX Energy has reported a successful initial production test from the HOCH-1 shallow gas exploration well in Upper Austria, the first of three planned shallow gas prospects in the region. The well, operated by ADX with a 50% economic interest, int...
ADX Energy Updates Registered Office and Principal Place of Business
Jun 8, 2026
ADX Energy Ltd has updated investors that its registered office and principal place of business have been relocated to Level 1, 168 Stirling Highway in Nedlands, Western Australia. The company emphasized that its telephone and email contact detail...
ADX Energy Director Ian Tchacos Increases Equity Stake
Jun 1, 2026
ADX Energy has disclosed changes in the holdings of director Ian Tchacos, detailing an increase in his direct stake in the company’s fully paid ordinary shares and unlisted options. The update, lodged with the ASX, reflects the acquisition o...
ADX Energy boosts director Paul Fink’s equity-based compensation
Jun 1, 2026
ADX Energy has reported a change in the holdings of director Paul Fink, who increased his direct stake through an issue of shares and options. The update reflects the company’s practice of partially remunerating directors and consultants in ...
ADX Energy boosts director stake through equity-based fee payment
May 31, 2026
ADX Energy has increased director Edouard Etienvre’s equity stake under its shareholder-approved Directors’ Share Plan, issuing him 112,069 fully paid ordinary shares directly and 197,198 shares indirectly via NGX Commodities Ltd. Thes...
ADX Energy Issues New Shares Under Corporations Act Exemption
May 29, 2026
ADX Energy has issued 3,371,620 ordinary fully paid shares without a disclosure document under the Corporations Act’s exemption provisions. The company states it remains compliant with its financial reporting and continuous disclosure obliga...
ADX Energy Issues Shares to Settle Consulting Fees
May 29, 2026
ADX Energy Ltd has issued 2,694,356 fully paid ordinary shares on the ASX as part of its latest capital-related move. The shares were issued in lieu of a portion of consulting fees for the quarter ended 31 March 2026, representing a non-cash payme...
ADX Energy Seeks ASX Quotation for Additional Ordinary Shares
May 29, 2026
ADX Energy Ltd has applied for quotation on the ASX of 677,264 ordinary fully paid shares, with an issue date of 29 May 2026. The newly quoted securities stem from previously announced transactions, indicating a modest expansion of the companyR...
ADX Energy Issues 889,010 New Unlisted Options Expiring in 2030
May 29, 2026
ADX Energy Ltd has notified the market of the issue of 889,010 unlisted options with a nil exercise price and an expiry date of May 31, 2030. The new unquoted securities form part of previously announced transactions and are not intended to be lis...
ADX Energy Issues 13.9 Million Unquoted Options Expiring 2028
May 21, 2026
ADX Energy Ltd has notified the market of the issue of 13,900,000 unquoted options with an exercise price of $0.045 and an expiry date of 31 May 2028. The options, issued under a previously announced capital transaction and not intended to be quot...
ADX Energy Identifies Multiple Viable Gas Zones at Hochfeld-1 in Upper Austria
May 10, 2026
ADX Energy has reported that wireline logging at its Hochfeld-1 shallow gas exploration well in Upper Austria has identified seven gas-bearing zones within the deeper Base Hall channel formation. These intervals, with a combined net sand thickness...
ADX Energy Confirms Gas Discovery at Hochfeld-1 Shallow Well in Austria
May 7, 2026
ADX Energy has reported that its Hochfeld-1 shallow gas exploration well in Upper Austria has intersected biogenic, methane-rich gas-filled sands in the Hall formation at around 1,350 metres, closely matching pre-drill 3D seismic predictions. The ...
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...
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.