Blue Energy Limited (BLU) AI Stock Analysis

• Market Cap: AU$18.07M
• Dividend Yield: N/A
• Average Volume (3M): 1.33M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.14
• Revenue Growth: N/A
• EPS Growth: 89.19%
• Country: AU
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.00
• Shares Outstanding: 3,011,973,600
• 10 Day Avg. Volume: 1,327,033
• 30 Day Avg. Volume: 1,327,033
• PEG Ratio: 0.09
• Price to Book (P/B): 0.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.92
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: AU$0.01 ▲(0.00% Upside)

The score is driven primarily by weak financial performance (losses, minimal revenue, and ongoing cash burn) despite a notably strong, low-debt balance sheet. Valuation signals are limited by negative earnings and no dividend data, and technical analysis cannot be assessed due to missing indicators.

Positive Factors

Balance Sheet Strength

Blue Energy's low leverage and high equity-to-assets ratio provide financial stability, allowing for potential future investments without the burden of high debt.

New Lease Acquisition

Securing a new lease allows Blue Energy to expand its drilling operations, potentially increasing gas supply and addressing regional shortages, which can enhance long-term revenue prospects.

Capital Raising Success

The successful capital raising reflects strong shareholder support and provides the financial resources needed to advance exploration activities, supporting long-term growth.

Negative Factors

Weak Revenue Generation

The lack of a meaningful revenue base and persistent losses highlight challenges in achieving profitability, which may hinder the company's ability to sustain operations without external funding.

Negative Cash Flow

Consistently negative cash flow indicates operational inefficiencies and reliance on external financing, which could limit long-term financial flexibility.

Earnings Quality Concerns

Ongoing losses and lack of recurring revenue raise concerns about the company's ability to achieve sustainable profitability, impacting its long-term viability.

Blue Energy Limited Business Overview & Revenue Model

Company Description

Blue Energy Limited, an oil and gas exploration company, engages in the exploration, evaluation, and development of conventional and unconventional oil and gas resources primarily in Queensland and the Northern Territory in Australia. It holds 2P reserves of 71 PJ; 3P reserves of 298 PJ and 3,248 PJ; and 3P + 2C reserves. The company was founded in 2004 and is based in Brisbane, Australia.

How the Company Makes Money

Blue Energy Limited generates revenue primarily through the exploration and development of natural gas resources. The company earns money by selling produced natural gas to various markets, including domestic and international buyers. Additionally, Blue Energy may enter into joint ventures or partnerships with other energy companies to explore and develop its gas tenements, potentially sharing costs and revenues. The company's earnings are influenced by factors such as natural gas prices, production volumes, and the successful development of its exploration projects.

Blue Energy Limited Financial Statement Overview

Summary

Blue Energy Limited faces significant revenue and profitability challenges, with consistent losses impacting the income statement. The balance sheet reflects strong equity and low debt, offering stability, yet the lack of profitability is concerning. Cash flow remains constrained, though improvements in liquidity are evident. The company needs to focus on revenue generation and cost management to enhance its financial health.

Income Statement

Blue Energy Limited has faced significant challenges in generating revenue, with total revenues being zero for most years, except a minor increase in 2023. The company has consistent negative net income, indicating persistent losses. Margins are unfavorable with negative gross profit and EBIT margins, highlighting ongoing operational inefficiencies.

Balance Sheet

The company maintains a strong equity position, with an equity ratio of over 90% consistently, indicating a low reliance on debt. The debt-to-equity ratio is minimal, showing financial stability. However, the return on equity is negative due to persistent losses, which is a concern for profitability.

Cash Flow

Free cash flow has improved from 2023 to 2024 but remains negative, reflecting cash outflows. Operating cash flow is negative, showing insufficient cash generation from core operations. However, the cash position has improved, suggesting efforts to strengthen liquidity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	116.00K	0.00	0.00
Gross Profit	-83.00K	-78.00K	-68.00K	68.00K	-52.00K	-49.00K
EBITDA	-1.28M	-1.32M	-13.66M	-1.78M	-1.44M	-985.00K
Net Income	-1.38K	-1.42M	-13.65M	-1.54M	-1.50M	-995.00K
Balance Sheet
Total Assets	74.34M	73.76M	75.55M	89.28M	72.18M	63.30M
Cash, Cash Equivalents and Short-Term Investments	1.99M	913.00K	4.43M	2.40M	6.86M	1.96M
Total Debt	92.00K	72.00K	143.00K	28.00K	73.00K	111.00K
Total Liabilities	1.22M	1.38M	1.75M	1.83M	2.39M	1.56M
Stockholders Equity	73.12M	72.38M	73.80M	87.45M	69.79M	61.74M
Cash Flow
Free Cash Flow	-684.41K	-1.60M	-5.28M	-23.57M	-4.60M	-2.34M
Operating Cash Flow	-683.97K	-1.60M	-1.53M	-2.02M	-1.62M	-887.00K
Investing Cash Flow	3.94M	-1.83M	3.57M	-21.54M	-2.97M	-1.46M
Financing Cash Flow	-2.01M	-78.00K	-11.00K	19.11M	9.50M	-8.00K

Blue Energy Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
BAS	56 Neutral	AU$16.61M	-37.14	-3.11%	―	7.09%	-275.00%
HPR	49 Neutral	AU$12.72M	-26.52	-5.30%	―	-4.70%	-155.56%
BLU	45 Neutral	AU$18.07M	-12.50	-1.94%	―	―	89.19%
PV1	44 Neutral	AU$12.57M	-3.78	-2835.53%	―	―	65.74%
TEE	42 Neutral	AU$10.35M	-1.21	-43.14%	―	―	27.59%
VEN	39 Underperform	AU$8.35M	―	-15.46%	―	-9.56%	87.68%

Blue Energy Limited Corporate Events

Blue Energy Limited’s AGM Resolutions Approved

Blue Energy Limited announced that all resolutions proposed at their 2025 Annual General Meeting were approved by shareholders. The meeting, held on November 18, 2025, saw more than 50% of votes in favor of ordinary resolutions and over 75% approval for special resolutions, indicating strong shareholder support.

Blue Energy Secures Key Lease and Capital to Boost Gas Supply

Blue Energy Limited has been granted Petroleum Lease 1034 over the Sapphire Block, allowing them to drill up to 117 new wells over the next 20 years. This follows a favorable Land Court decision and positions the company to address the east coast gas supply shortage. Additionally, Blue Energy successfully raised $5.8 million through a two-tranche placement and a heavily oversubscribed Share Purchase Plan, reflecting strong shareholder support. The Queensland Government’s Energy Roadmap underscores the critical role of natural gas in the energy mix, highlighting the need for increased gas capacity to ensure system reliability as the state transitions to renewable energy sources.

Blue Energy Limited Successfully Completes $3.2 Million Placement

Blue Energy Limited has completed a successful two-tranche placement to raise $3.2 million, with Tranche 2 shares now approved and issued. This strategic move enhances the company’s financial position and supports its ongoing operations, reflecting positively on its market standing and stakeholder confidence.

Blue Energy’s Oversubscribed SPP Raises $2.6 Million to Boost Gas Projects

Blue Energy Limited has successfully completed an oversubscribed Share Purchase Plan (SPP), raising $2.6 million, following a $3.2 million placement to sophisticated and institutional investors. The funds will be used to advance appraisal activities in the North Bowen Basin, enhancing Blue Energy’s position in the east coast gas market. The strong support from shareholders, particularly smaller ones, highlights their understanding of the critical role of natural gas in Australia’s energy landscape. The capital raised will support the development of infrastructure to connect new gas supplies to the market, addressing long-term gas shortages.

Blue Energy Director Increases Stake Through Share Placement

Blue Energy Limited announced a change in the indirect interest of its director, Mr. John Ellice-Flint, in the company’s securities. The director acquired 40 million ordinary shares valued at $200,000, increasing his indirect holding to 165,772,734 shares. This acquisition was part of Tranche 2 of a placement approved by shareholders, reflecting the company’s ongoing efforts to strengthen its financial position.

Blue Energy Limited Announces New Securities Issuance

Blue Energy Limited has announced a new issuance of 362,353,961 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange as of October 21, 2025. This issuance is part of previously announced transactions, potentially impacting the company’s market position by increasing its capital base, which could be used for further exploration and development activities, thereby influencing stakeholder interests.

Blue Energy Limited Announces 2025 Annual General Meeting

Blue Energy Limited has announced its Annual General Meeting, scheduled for 18 November 2025, to be held in Brisbane. Shareholders are encouraged to participate either in person or via a webcast, although live online voting will not be available. The company emphasizes the importance of proxy voting, with instructions to be submitted by 16 November 2025. This meeting is a critical event for stakeholders to engage with the company’s future plans and strategies.