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ADX Energy (AU:ADX)
ASX:ADX

ADX Energy (ADX) AI Stock Analysis

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AU:ADX

ADX Energy

(Sydney:ADX)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
AU$0.03
â–²(6.67% Upside)
The score is held back primarily by weak financial performance (persistent losses and negative operating/free cash flow) and a negative P/E driven by unprofitability. Technicals provide partial support with strong trend/momentum signals, though overbought RSI adds near-term risk.
Positive Factors
Production-based revenue model
A core upstream production business provides durable revenue mechanics: extracting and selling hydrocarbons yields recurring cash inflows tied to physical output and commodity markets. Long-term contracts and JV structures noted by the company can stabilize revenue and align capex with partners, supporting project execution over the next 2–6 months and beyond.
Low leverage and improving equity
Moderate leverage and rising equity improve financial flexibility, reducing near-term refinancing risk and enabling the company to fund exploration/appraisal activity or partner with JV counterparts. A healthier balance sheet supports durable access to capital markets or partners for project development over a multi-month horizon.
Modest revenue growth trend
A positive revenue growth metric indicates the company has generated modest top-line expansion historically, suggesting some success in asset monetization or production increases. Sustained organic revenue improvement supports longer-term project economics and can help narrow operating losses if continued or accelerated.
Negative Factors
Persistent unprofitability
Consistent negative margins signal structural profitability issues: costs and fixed charges exceed revenues, impairing retained earnings and limiting reinvestment capacity. Over months this undermines internal funding for development, raises dependence on external capital, and increases execution and survival risk if margins don't recover.
Negative operating and free cash flow
Persistent cash outflows from operations and declining free cash flow create an ongoing funding gap that must be closed via equity, debt, or JV monetization. This reduces flexibility to develop reserves, increases dilution or leverage risk, and is a durable constraint on growth and capital allocation for the coming months.
Very limited operational scale
A four-person employee base indicates constrained internal operational capacity and reliance on contractors or partners for exploration, production, and compliance. Limited scale can slow project execution, increase third-party dependency, and heighten operational risk when advancing multiple field activities over the medium term.

ADX Energy (ADX) vs. iShares MSCI Australia ETF (EWA)

ADX Energy Business Overview & Revenue Model

Company DescriptionADX Energy (ADX) is an Australian oil and gas exploration and production company focused on the development of oil and gas resources in Europe and Australia. The company primarily operates in the upstream sector, engaging in the exploration, appraisal, and production of hydrocarbons. ADX's core activities involve acquiring and developing oil and gas fields, with a strategic focus on enhancing existing assets and discovering new reserves to drive growth in energy production.
How the Company Makes MoneyADX Energy generates revenue primarily through the production and sale of oil and gas. The company monetizes its assets by extracting hydrocarbons from its operational fields and selling them on the open market. Key revenue streams include the sale of crude oil, natural gas, and other hydrocarbons to domestic and international markets. Additionally, ADX may engage in joint ventures and partnerships, which can provide capital and share operational costs, enhancing profitability. The company also benefits from favorable pricing agreements and long-term contracts with customers, which help stabilize revenue amid market fluctuations.

ADX Energy Financial Statement Overview

Summary
Weak fundamentals: revenue declined most recently, profitability is negative (gross/EBIT/EBITDA/net margins), and operating/free cash flow are consistently negative. Balance sheet leverage is relatively low with improving equity, but high liabilities and cash constraints remain key risks.
Income Statement
45
Neutral
ADX Energy's revenue has seen fluctuations, with a decline in the most recent year. The gross profit margin is negative, indicating cost structure challenges. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and high fixed costs. Net profit margin is negative, indicating consistent losses.
Balance Sheet
50
Neutral
The debt-to-equity ratio is relatively low, indicating moderate leverage. However, stockholders' equity has been improving, signaling potential recovery. The equity ratio suggests a reasonable level of financial stability, but the company faces high total liabilities, which could pose risks.
Cash Flow
40
Negative
Operating cash flow is consistently negative, indicating cash outflows from core operations. Free cash flow is also negative with a significant decline, implying cash constraints. The ratio of operating cash flow to net income indicates inefficiencies in converting income into cash.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue11.51M10.14M12.88M14.45M9.66M5.38M
Gross Profit-3.01M-4.66M-3.60M2.39M3.75M-1.21M
EBITDA-3.96M-2.85M-695.46K598.99K-1.82M-2.25M
Net Income-9.07M-7.87M-4.06M-2.30M-4.17M-4.28M
Balance Sheet
Total Assets48.76M51.27M42.64M32.66M36.14M30.80M
Cash, Cash Equivalents and Short-Term Investments4.78M9.08M8.01M3.57M5.94M2.14M
Total Debt2.37M3.04M3.23M1.47M4.79M5.33M
Total Liabilities28.98M28.54M26.89M20.26M24.45M22.10M
Stockholders Equity11.18M14.94M7.63M4.02M3.21M-144.37K
Cash Flow
Free Cash Flow-18.49M-29.49M-8.01M-2.27M-3.08M-5.43M
Operating Cash Flow-2.40M-1.77M-2.92M3.64M-2.25M-1.45M
Investing Cash Flow-4.79M-10.31M456.61K-4.83M174.01K-3.78M
Financing Cash Flow-952.68K13.04M6.77M-1.19M5.97M2.30M

ADX Energy Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.03
Price Trends
50DMA
0.03
Positive
100DMA
0.03
Positive
200DMA
0.03
Positive
Market Momentum
MACD
<0.01
Negative
RSI
64.66
Neutral
STOCH
65.87
Neutral
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, above 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 64.66 is Neutral, neither overbought nor oversold. The STOCH value of 65.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ADX.

ADX Energy Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
52
Neutral
AU$21.58M43.332.14%―-22.76%―
51
Neutral
AU$91.35M-61.11-13.64%――30.77%
50
Neutral
AU$22.67M-1.96-59.58%―4.41%-49.06%
49
Neutral
AU$16.73M-62.00-6.43%16.82%―-257.14%
45
Neutral
AU$21.08M-12.50-1.94%――89.19%
44
Neutral
AU$36.51M-16.25-6.62%――20.00%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ADX
ADX Energy
0.03
<0.01
14.81%
AU:OEL
Otto Energy Limited
0.01
<0.01
18.18%
AU:HHR
Hartshead Resources NL
0.01
0.00
0.00%
AU:FZR
Fitzroy River Corp. Ltd.
0.16
0.05
43.52%
AU:BLU
Blue Energy Limited
0.01
0.00
0.00%
AU:EMP
Emperor Energy Ltd
0.11
0.08
266.67%

ADX Energy Corporate Events

ADX Energy Director Ian Tchacos Increases Indirect Shareholding and Options
Jan 16, 2026

ADX Energy has disclosed a change in director Ian Tchacos’s interests in the company’s securities, filed in accordance with ASX listing rules. Through his indirect holding vehicle Eonia Pty Ltd, where he is a director and shareholder, Tchacos acquired 3,846,154 fully paid ordinary shares and 1,923,077 free attaching unlisted options exercisable at 3.9 cents and expiring on 17 January 2028. The transaction increases the director’s indirect stake in the company and may be read by investors as a signal of confidence in ADX Energy’s prospects, while also incrementally raising potential future dilution through the newly issued options.

The most recent analyst rating on (AU:ADX) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.

ADX Energy Director Increases Indirect Stake via Share Placement
Jan 16, 2026

ADX Energy has disclosed a change in director Edouard Etienvre’s interests, with his indirect holding increasing through NGX Commodities Ltd following participation in a shareholder-approved share placement on 16 January 2026. Etienvre acquired 769,230 fully paid ordinary shares at 2.6 cents per share for $20,000, along with 384,615 free attaching unlisted options exercisable at 3.9 cents and expiring in January 2028, lifting his indirect shareholding to 6,061,997 shares and formalising his deeper financial alignment with the company’s capital-raising activities.

The most recent analyst rating on (AU:ADX) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.

ADX Energy Issues New Shares Under Corporations Act Exemption
Jan 16, 2026

ADX Energy has issued 4,615,384 ordinary fully paid shares without a disclosure document under the small-scale or exempt provisions of Section 708 of the Corporations Act. The company confirms it remains compliant with its financial reporting and continuous disclosure obligations and states there is no excluded information requiring disclosure, signalling that the new share issue is being undertaken within existing regulatory frameworks and without undisclosed price-sensitive information for investors.

The most recent analyst rating on (AU:ADX) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.

ADX Energy Seeks ASX Quotation for 4.6 Million New Shares
Jan 15, 2026

ADX Energy Ltd has applied to the Australian Securities Exchange for quotation of 4,615,384 new fully paid ordinary shares, expanding its listed equity base. The issuance, which follows a previously announced transaction, modestly increases the company’s share count and provides additional tradable stock for investors, signaling ongoing capital markets activity that may support future corporate or operational initiatives.

The most recent analyst rating on (AU:ADX) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.

ADX Energy Issues 84.6 Million Unlisted Options Expiring in 2028
Jan 15, 2026

ADX Energy Ltd has notified the market of the issue of 84.6 million unlisted options with an exercise price of 3.9 cents and an expiry date of 17 January 2028. The options, which are unquoted and not intended to be quoted on the ASX, were issued as part of a previously flagged transaction, signalling a further use of equity-linked incentives or financing that could lead to future dilution if exercised and potentially support the company’s capital management and growth plans.

The most recent analyst rating on (AU:ADX) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.

ADX Energy Shareholders Pass All Resolutions at General Meeting
Jan 15, 2026

ADX Energy Ltd has announced that all resolutions put to shareholders at its General Meeting held on 15 January 2026 were passed on a poll. The company reported that poll results and a table of valid proxies for each resolution were recorded in accordance with ASX listing rules and the Corporations Act, underscoring shareholder support for the matters put forward by the board.

The most recent analyst rating on (AU:ADX) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.

ADX Energy Highlights Independently Audited European Reserves in Investor Update
Jan 14, 2026

ADX Energy has released an investor presentation outlining its investment proposition and operating strategy as a Europe-focused oil and gas producer and explorer, highlighting independently audited developed reserves in its Zistersdorf and Gaiselberg fields in the Vienna Basin and the Anshof project in Upper Austria. The company emphasises its compliance with internationally recognised PRMS reserve and resource classifications, the independent review of its production forecasts, costs and project economics by RISC Advisory, and the technical oversight of its Austrian and Italian prospective resources, providing investors and stakeholders with greater transparency and confidence in the quality and reliability of its reported reserves and growth potential.

The most recent analyst rating on (AU:ADX) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.

ADX Energy Sets February Date for Welchau-1 Testing and Advances Austrian Shallow Gas Drilling Plans
Dec 23, 2025

ADX Energy has outlined its 2026 work program in Upper Austria, confirming that flow testing at the Welchau-1 well will resume in early February 2026 using a contracted workover unit, initially targeting the shallow Reifling carbonate reservoir with stimulation measures to improve productivity. In parallel, the company is progressing environmental and mining permits and finalising service and rig contracts for a three-well shallow gas drilling campaign, starting with the HOCH-1 prospect, which has a mean prospective resource of 8 Bcf of 99% pure methane; permitting for HOCH-1 and GOLD-1 is expected by mid-January and for SCHOEN-1 by mid-February, positioning ADX to advance its Austrian gas portfolio and potentially strengthen its role in the regional gas market.

The most recent analyst rating on (AU:ADX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.

ADX Energy Announces Proposed Securities Issue to Bolster Financial Position
Dec 16, 2025

ADX Energy Ltd has announced a proposed issue of securities, including 2,000,000 unlisted options with an exercise price of 3.9 cents expiring on January 17, 2028, and 1,792,000 ordinary fully paid shares. This move is part of a strategic effort to raise capital and potentially strengthen its financial position, which could impact its operational capabilities and market competitiveness.

The most recent analyst rating on (AU:ADX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.

ADX Energy Ltd Announces General Meeting to Discuss Key Resolutions
Dec 16, 2025

ADX Energy Ltd has announced a General Meeting scheduled for January 15, 2026, in Nedlands, Western Australia. The meeting will address several key resolutions, including terms of placement, employee incentive securities, and directors’ salary sacrifice plans. Shareholders are encouraged to participate either in person or by proxy, as the outcomes of these discussions could significantly impact the company’s strategic direction and shareholder value.

The most recent analyst rating on (AU:ADX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.

ADX Energy Completes Independent Audit of Austrian Reserves
Dec 2, 2025

ADX Energy has announced the completion of an independent audit of its developed reserves in Austria, conducted by RISC Advisory Pty Ltd. The audit evaluated the company’s fields, including production forecasts and project economics, classifying production from existing wells as Developed Producing and from planned recompletion as Developed Non-Producing. This audit is significant for ADX Energy as it provides a detailed assessment of its reserves, potentially impacting its operational strategies and market positioning.

The most recent analyst rating on (AU:ADX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.

ADX Energy Announces 31% Increase in Sicily Channel Gas Resources
Dec 1, 2025

ADX Energy Ltd has announced a 31% increase in its prospective gas resource estimates for the C.R 150.AU Permit in the Sicily Channel, offshore Italy. This revision, based on new data and additional prospects, suggests a significant enhancement in the company’s resource base, potentially impacting its operational strategy and market positioning positively.

The most recent analyst rating on (AU:ADX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on ADX Energy stock, see the AU:ADX Stock Forecast page.

Mitsubishi UFJ Financial Group Ceases Substantial Holding in ADX Energy
Nov 25, 2025

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in ADX Energy Ltd, a company involved in the energy sector. This change is due to the sale of securities by an entity controlled by Morgan Stanley, which affected the voting rights and ownership of Mitsubishi UFJ Financial Group in ADX Energy. The transactions involved the sale and purchase of fully paid ordinary shares, impacting the company’s shareholder structure and potentially its market influence.

Morgan Stanley Ceases Substantial Holding in ADX Energy
Nov 24, 2025

Morgan Stanley and its subsidiaries have ceased to be substantial holders in ADX Energy Ltd, a company involved in the energy sector. The change in their holding status was due to a series of transactions involving the selling and buying of ordinary shares by Morgan Stanley Australia Securities Limited, which culminated in the cessation of their substantial holding on November 19, 2025.

ADX Energy Issues New Shares in Strategic Move
Nov 19, 2025

ADX Energy Ltd has issued 134,615,385 ordinary fully paid shares without a disclosure document under Section 708 of the Corporations Act 2001. The company confirms compliance with relevant provisions of the Corporations Act and states there is no excluded information that needs disclosure. This move could potentially impact the company’s capital structure and investor relations, reflecting its strategic financial maneuvers in the energy sector.

ADX Energy Announces Quotation of New Securities
Nov 19, 2025

ADX Energy Ltd has announced the quotation of 134,615,385 ordinary fully paid securities on the Australian Securities Exchange as of November 19, 2025. This move is part of previously announced transactions and is expected to impact the company’s market presence by potentially increasing liquidity and investor interest.

ADX Energy Announces Proposed Securities Issue to Boost Capital
Nov 13, 2025

ADX Energy Ltd has announced a proposed issue of securities, including unlisted options and fully paid ordinary shares, set to be issued on November 18, 2025. This move is part of the company’s strategic efforts to raise capital, potentially impacting its operational capabilities and market positioning by providing additional financial resources to support its projects.

ADX Energy Secures A$3.5 Million for Expansion and Dual Listing
Nov 13, 2025

ADX Energy Ltd has successfully raised A$3.5 million through a placement to sophisticated investors, which will fund several key activities including the recommencement of testing at the Welchau-1 well in Upper Austria, drilling of shallow gas wells, and seismic purchases for the Sicily Channel gas permit offshore Italy. Additionally, the company is preparing for a dual listing on Oslo Børs’ Euronext Growth market to enhance its visibility and liquidity, which is expected to support future growth opportunities.

ADX Energy Unveils 2026 Work Programs and Reserve Audit Results
Nov 10, 2025

ADX Energy has announced an investor update detailing its 2026 work programs, highlighting an independent audit of its developed reserves in Austria. The audit, conducted by RISC Advisory, confirms the classification of production from existing wells and planned recompletions, indicating a stable and strategically managed resource base. This development is expected to reinforce ADX Energy’s operational capabilities and market position in the European energy sector.

ADX Energy Reports Quarterly Cash Flow with Continued Investment in Energy Assets
Oct 31, 2025

ADX Energy Ltd reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $564,000 and a year-to-date outflow of $1.928 million. The report indicates ongoing investments in property, plant, and equipment, with a net cash outflow from investing activities of $106,000 for the quarter, reflecting the company’s continued focus on developing its energy assets despite financial challenges.

ADX Energy Advances Strategic Projects Amid Production Challenges
Oct 31, 2025

ADX Energy Ltd reported a decrease in net production rates due to well downtime but saw a significant increase in sales revenue for the quarter ended September 2025. The company is advancing several projects, including the drilling of shallow gas prospects and the development of the Anshof Permanent Production Facility. ADX is also exploring opportunities for dual listing to enhance market visibility and liquidity. The overturning of environmental objections for the Welchau project and the acquisition of the Sicily Channel Gas Exploration Permit are pivotal for ADX’s strategic growth, potentially boosting its production capabilities and market presence.

ADX Energy Director Increases Stake Through Equity Compensation
Oct 31, 2025

ADX Energy Ltd announced a change in the director’s interest, with Paul Fink acquiring additional shares and options as part of his director and consulting fees. This move, approved by shareholders, reflects the company’s strategy to compensate its directors and consultants through equity, aligning their interests with the company’s performance and potentially impacting its financial structuring and stakeholder relations.

ADX Energy Director Increases Stake through Share Plan
Oct 30, 2025

ADX Energy Ltd has announced a change in the director’s interest, with Edouard Etienvre acquiring additional shares in the company. This acquisition, made through the company’s Directors’ Share Plan, reflects a strategic move to align director compensation with company performance, potentially impacting stakeholder confidence and market perception.

ADX Energy Announces Director’s Interest Change
Oct 30, 2025

ADX Energy Ltd has announced a change in the director’s interest, with Ian Tchacos acquiring 41,667 fully paid ordinary shares and 700,000 unlisted options. This acquisition reflects a strategic move by the director, potentially impacting the company’s governance and signaling confidence in its future prospects.

ADX Energy Issues Shares in Compliance with Corporations Act
Oct 30, 2025

ADX Energy Ltd has issued 2,641,247 ordinary fully paid shares without a disclosure document, in compliance with the Corporations Act 2001. The company confirms adherence to relevant legal provisions and states there is no undisclosed information required under the Act, indicating a transparent operational stance.

ADX Energy Issues Shares for Consulting Fees
Oct 30, 2025

ADX Energy Ltd has announced the issuance of 2,324,580 ordinary fully paid shares as a part of consulting fees for the quarter ending September 30, 2025, totaling $69,737. This strategic move, approved by the Board, reflects the company’s ongoing efforts to manage its financial obligations and maintain operational efficiency.

ADX Energy Issues Unlisted Options to Strengthen Equity Position
Oct 30, 2025

ADX Energy Ltd has announced the issuance of 1,095,312 unlisted options with no exercise price, set to expire on October 31, 2029. This move is part of a previously announced transaction and reflects the company’s strategic efforts to manage its equity securities, potentially impacting its financial structure and stakeholder interests.

ADX Energy Ltd Announces Quotation of New Securities
Oct 30, 2025

ADX Energy Ltd has announced the application for quotation of 316,667 ordinary fully paid securities on the ASX, with the issue date set for October 30, 2025. This move is part of previously announced transactions, potentially impacting the company’s market presence and offering stakeholders insights into its financial strategies.

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: Jan 28, 2026