BPH Energy Limited (BPH) AI Stock Analysis

• Market Cap: AU$12.18M
• Dividend Yield: N/A
• Average Volume (3M): 2.91M
• Price to Earnings (P/E): 1.8
• Beta (1Y): 1.10
• Revenue Growth: N/A
• EPS Growth: 29.55%
• Country: AU
• Employees: 2,000
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.00
• Shares Outstanding: 1,353,848,900
• 10 Day Avg. Volume: 1,935,589
• 30 Day Avg. Volume: 2,909,135
• PEG Ratio: 0.05
• Price to Book (P/B): 0.26
• Price to Sales (P/S): 12.02
• P/FCF Ratio: -13.65
• 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: 54 Neutral
• Price Target: AU$0.01 ▲(0.00% Upside)

The score is held back mainly by weak operating performance and persistent negative cash flow despite a very strong, low-leverage balance sheet. Technical indicators are neutral-to-weak, while the low P/E provides some valuation support.

Positive Factors

Very low leverage

Extremely low debt materially reduces solvency and refinancing risk, giving management time and financial flexibility to pursue opportunistic disposals or project investments. A conservatively financed balance sheet supports durability through commodity and exploration cycles.

Expanded equity base & solid ROE

A larger equity base strengthens capital resources available for taking or funding project stakes and partnerships. Mid‑teen ROE in recent years signals historically effective capital deployment, supporting longer‑term capacity to invest in value‑accretive opportunities.

Investment/monetisation business model

A focus on holding and monetising early‑stage project interests provides structural optionality: occasional large disposals or revaluations can create material capital gains without high ongoing operating cost. This model conserves operating overhead and allows selective capital allocation.

Negative Factors

Persistent negative operating cash flow

Sustained negative operating and free cash flow reduces internal funding capacity and increases reliance on external financing or asset sales. Over months, ongoing cash burn constrains ability to pursue projects, raises dilution or credit risk, and undermines resilience in downturns.

Weak operating profitability; earnings quality risk

Negative operating margins despite reported net profits indicate earnings are sustained by one‑off or non‑operating gains rather than core business. This undermines durability of reported returns and makes future profitability contingent on successful asset disposals or volatile revaluations.

Small, volatile revenue base

A limited and uneven revenue stream limits predictability and scale economies, complicating long‑term planning. With little recurring revenue, growth and profitability depend on sporadic monetisation events or new investments, increasing execution and cash‑flow uncertainty.

BPH Energy Limited Business Overview & Revenue Model

Company Description

BPH Energy Limited invests in biotechnology, oil and gas exploration and development, and medicinal cannabis industries in Australia. The company is building a system to generate clean hydrogen and conductive carbon used to manufacture batteries for commercial use. It also offers brain anaesthesia response monitoring system, a device to detect the effect of anaesthetic agents on brain activity and assist anaesthetists in keeping patients optimally anaesthetised. In addition, the company invests in the biomedical research of HLS5 tumour suppressor gene for liver cancer. Further, it holds a 100% interest in RL1 oil and gas assets located in the onshore Bonaparte basin in northern Australia; and 85% interest in the petroleum exploration permit 11 asset situated in the offshore Sydney basin. The company was formerly known as BioPharmica Limited. BPH Energy Limited was incorporated in 2001 and is headquartered in Stirling, Australia.

How the Company Makes Money

BPH Energy Limited generates revenue through its involvement in the exploration and production of oil and gas resources. The company invests in and develops energy projects, which provide income through the sale of extracted resources. Additionally, BPH holds investments in biotechnology and medical technology companies, earning returns from the growth and success of these ventures. Revenue streams are further enhanced by strategic partnerships and collaborations within the energy and healthcare industries, which can lead to shared projects and increased market reach.

BPH Energy Limited Financial Statement Overview

Summary

Mixed fundamentals: a very strong, low-debt balance sheet supports solvency, but core operations remain weak (negative operating profit/margins) and cash generation is consistently negative, raising earnings-quality and sustainability concerns despite strong reported net income.

Income Statement

Revenue is small and volatile, with FY2025 down ~19% year over year after modest growth in prior years. Reported profitability looks strong recently (FY2025 net margin ~811% and FY2024 ~540%), but operating performance remains weak with negative operating profit in FY2021–FY2025 (FY2025 operating margin about -100%), suggesting earnings are being driven by non-operating items rather than core operations. There was a profitable operating year in FY2020, but consistency since then has been lacking.

Balance Sheet

The balance sheet is conservatively financed with very low debt relative to equity (debt-to-equity ~0.2% in FY2025), which materially reduces solvency risk. Equity has also expanded meaningfully since FY2023, supporting a stronger capital base. Return on equity is solid in the last two years (mid-teens), but this should be viewed alongside the weak operating results, which raise questions about the durability of returns.

Cash Flow

Cash generation is a key weakness: operating cash flow and free cash flow are consistently negative across the period shown (including FY2025 at roughly -$0.74M). Cash flow has not tracked reported profits, indicating earnings quality risk and reliance on funding/asset movements rather than cash earnings. While the cash burn improved versus FY2024, it remains meaningfully negative.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	836.64K	836.64K	843.68K	304.05K	68.14K	65.50K
Gross Profit	836.64K	836.64K	843.68K	304.05K	-60.50K	65.50K
EBITDA	0.00	0.00	0.00	1.05M	-672.98K	-1.50M
Net Income	6.79M	6.79M	4.56M	853.43K	-1.08M	-1.61M
Balance Sheet
Total Assets	39.18M	39.18M	30.29M	20.40M	15.21M	16.51M
Cash, Cash Equivalents and Short-Term Investments	4.20M	4.20M	6.45M	5.64M	2.92M	10.20M
Total Debt	84.82K	84.82K	84.82K	88.27K	104.82K	104.82K
Total Liabilities	697.22K	697.22K	984.82K	984.88K	908.75K	1.14M
Stockholders Equity	38.65M	38.65M	29.46M	19.57M	14.46M	15.54M
Cash Flow
Free Cash Flow	-736.93K	-736.93K	-941.51K	-1.05M	-1.02M	-703.81K
Operating Cash Flow	-736.93K	-736.93K	-941.51K	-1.05M	-1.02M	-703.81K
Investing Cash Flow	-3.12M	-3.12M	-3.05M	-217.50K	-6.26M	-791.22K
Financing Cash Flow	1.50M	1.50M	4.80M	3.99M	1.44K	11.41M

BPH Energy Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BPH, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.15 is Neutral, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BPH.

BPH Energy Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
QUE	63 Neutral	AU$1.52M	2.11	27.06%	―	387.73%	-57.17%
PVL	62 Neutral	AU$23.92M	9.68	13.13%	―	101.80%	355.88%
BPH	54 Neutral	AU$12.18M	1.75	19.93%	―	―	29.55%
IPC	54 Neutral	AU$10.87M	57.64	1.82%	3.50%	-50.00%	-52.07%
SOR	45 Neutral	AU$26.05M	-10.55	-55.22%	―	66.69%	5.17%
KBC	43 Neutral	AU$9.72M	―	―	―	―	―

BPH Energy Limited Corporate Events

BPH Energy Advances Option Restructuring as Investee Projects in Offshore Energy and Medtech Progress

BPH Energy Limited’s December 2025 quarter report outlines several capital management moves, including issuing shares to settle advertising fees, the expiry of more than 622 million unexercised options, the launch of a replacement series of options for existing holders and directors to maintain participation in the company’s development, and the exercise and new issuance of a smaller parcel of director options. Operationally, the company’s key investee Advent Energy continues to contest the refusal of applications related to the PEP-11 offshore petroleum permit, with a Federal Court judicial review now scheduled for February 2026 while the permit remains in force and in compliance, a process that could shape the future of its offshore exploration interests. Another investee, Cortical Dynamics, advanced its next-generation AI-enhanced BARM 2.0 brain and pain monitoring system towards technical completion, planned clinical trials in the USA and Netherlands, and showcased the technology at major regulatory and industry forums in Sydney and Canberra, while continuing development of its CORDYAN AI predictive medical app platform, reinforcing BPH’s exposure to emerging medtech innovation alongside its energy investments.

The most recent analyst rating on (AU:BPH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on BPH Energy Limited stock, see the AU:BPH Stock Forecast page.

BPH Energy Issues 134 Million New Shares Under Placement, Confirms Regulatory Compliance

BPH Energy Limited has issued 134,222,222 fully paid ordinary shares as part of a previously announced capital placement, conducted without a prospectus under the disclosure exemptions of the Corporations Act. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and stated there is no excluded information requiring disclosure, signalling regulatory compliance around the new share issue and providing assurance to investors regarding the transparency of the placement.

The most recent analyst rating on (AU:BPH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on BPH Energy Limited stock, see the AU:BPH Stock Forecast page.

BPH Energy Seeks ASX Quotation for 134 Million New Shares

BPH Energy Ltd has applied to the ASX for quotation of 134,222,222 new fully paid ordinary shares, expanding its listed securities on the market. The issuance, tied to a previously announced transaction, will increase the company’s tradable share base and may affect its capital structure and liquidity profile for existing and prospective shareholders.

The most recent analyst rating on (AU:BPH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on BPH Energy Limited stock, see the AU:BPH Stock Forecast page.

BPH Energy Updates Prospectus After $1.2m Placement and New Option Offers

BPH Energy has issued a supplementary prospectus updating its December 2025 capital-raising documentation to reflect a January placement to sophisticated investors, under which the company will issue 134,222,222 new shares at $0.009 each to raise about $1.208 million, along with one free attaching option per share exercisable at $0.03. The update also formalises additional option offers to placement participants and joint lead managers Oakley Capital Partners and 62 Capital, adjusts the offer timetable and key capital statistics, and is structured to remove trading restrictions on shares issued from the new options, potentially improving liquidity and flexibility for investors as the company progresses its funding plans.

The most recent analyst rating on (AU:BPH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on BPH Energy Limited stock, see the AU:BPH Stock Forecast page.

BPH Energy Plans Placement of 33.6 Million Options at $0.03

BPH Energy Ltd has announced a proposed issue of up to 33,555,555 new options, each with an exercise price of $0.03 and expiring on the same date as those offered under its 2 December 2025 options prospectus, with the issue expected to take place on 14 January 2026. The placement, if completed, will expand the company’s securities on issue and provide an additional potential source of future capital upon option exercise, signalling an effort to bolster its funding flexibility and support ongoing corporate and project activities.

The most recent analyst rating on (AU:BPH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on BPH Energy Limited stock, see the AU:BPH Stock Forecast page.

BPH Energy Plans Major Share and Option Issue to Bolster Capital Base

BPH Energy Ltd has lodged details of a proposed capital raising with the ASX, outlining a placement or similar issue of up to 134,222,222 new ordinary fully paid shares and 134,222,222 options with an exercise price of $0.03, expiring on the same date as options covered by a December 2025 prospectus. The proposed securities are scheduled for issue on 14 January 2026, a move that would significantly increase the company’s capital base and could support future project funding and strategic initiatives, while diluting existing shareholders’ stakes if the full allocation is taken up.

The most recent analyst rating on (AU:BPH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on BPH Energy Limited stock, see the AU:BPH Stock Forecast page.

BPH Energy Raises $1.2m to Advance Gas Projects and Cortical Dynamics Investment

BPH Energy has secured binding commitments to raise approximately $1.2 million via a discounted share placement, issuing over 134 million new shares at $0.009 each with one free attaching option per share exercisable at $0.03. The funds will primarily support exploration and development of the company’s oil and gas investments, further funding for Cortical Dynamics’ expansion, and working capital, leaving BPH better funded ahead of a Federal Court hearing in February 2026 over the PEP-11 permit extension, a case that could materially influence its gas project portfolio and positioning amid Australia’s gas supply challenges.

The most recent analyst rating on (AU:BPH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on BPH Energy Limited stock, see the AU:BPH Stock Forecast page.

BPH Energy Halts Trading Ahead of Planned Capital Raising Announcement

BPH Energy Ltd has requested and been granted a trading halt on its securities on the Australian Securities Exchange, pending a material announcement. The company said the halt is required to manage its continuous disclosure obligations as it prepares, plans and executes a capital raising, with trading expected to resume by 12 January 2026 or upon release of the announcement, signalling an impending fundraising initiative that could influence its capital structure and future project funding.

The most recent analyst rating on (AU:BPH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on BPH Energy Limited stock, see the AU:BPH Stock Forecast page.

BPH Energy Director Increases Stake Through Rights Issue Options

BPH Energy Limited has disclosed a change in director Tony Huston’s interests in the company’s securities, reflecting his participation in a recent capital-raising initiative. Huston has been issued 1,542,762 options exercisable at $0.03 each by 27 December 2026 under a rights issue prospectus lodged with the ASX on 3 December 2025, with the subscription amount of $1,543 set off against fees owed to him, signalling director alignment with shareholder interests and support for the company’s current funding strategy.

BPH Energy Director Increases Option Holdings Through Rights Issue

BPH Energy Limited has disclosed a change in director David Breeze’s interests in the company’s securities following his participation in a recent rights issue. Breeze acquired 9,121,678 options exercisable at $0.03 each on or before 27 December 2026, with the $9,122 consideration set off against fees owed to him, increasing his total indirect and option holdings while his ordinary shareholding remains unchanged. The transaction, arising from a rights issue prospectus lodged earlier in December 2025, moderately strengthens Breeze’s equity-linked exposure to BPH Energy, aligning his interests more closely with shareholders and signalling continued insider support for the company’s capital structure.

BPH Energy Issues 10.7 Million Unquoted Options at 3 Cents

BPH Energy Ltd has notified the market of a new issue of unquoted equity securities in the form of options. The company will issue 10,664,440 options with an exercise price of $0.03 and an expiry date of 27 December 2026, a move that expands its pool of potential future equity and may provide additional capital-raising flexibility depending on future market conditions and option exercise levels.

BPH Energy Limited Announces Options Placement Prospectus

BPH Energy Limited has announced a prospectus for the placement of up to 622,276,452 new options, priced at $0.001 each, to raise approximately $622,276. This offer is split into a Placement Offer and a Director Offer, and is intended for investors in Australia and New Zealand. The options are considered highly speculative, and the company advises potential investors to seek professional advice before investing. The prospectus is a transaction-specific document and does not include comprehensive financial details, as BPH Energy is already a disclosing entity under the Corporations Act. The company emphasizes that the offer is not extended to participants outside of Australia and New Zealand, and highlights its continuous disclosure obligations to the ASX.

BPH Energy Limited Updates Director’s Securities Holdings

BPH Energy Limited announced a change in the director’s interest, with David Breeze acquiring 5,000,000 unlisted options as part of his remuneration package. This development reflects the company’s ongoing efforts to align management incentives with shareholder interests, potentially impacting its operational strategies and market positioning.

BPH Energy Issues Unlisted Options in Strategic Move

BPH Energy Limited has announced the issuance of 5,000,000 unlisted options with an exercise price of $0.03 each, set to expire on November 30, 2026. These securities are part of a previously announced transaction and are not intended to be quoted on the ASX, indicating a strategic move to potentially raise capital or incentivize stakeholders.

BPH Energy Limited’s AGM Sees All Resolutions Passed Amid Some Opposition

BPH Energy Limited held its Annual General Meeting on November 28, 2025, where all resolutions were passed on a poll, except for a significant number of votes against Resolution 3. The meeting’s outcomes reflect shareholder support for the company’s strategic initiatives, although the opposition to Resolution 3 indicates some shareholder concerns.

BPH Energy Highlights Urgent Need for Gas Supply Boost in Australia

BPH Energy Limited has highlighted the critical importance of boosting gas supply for Australia’s economic and energy security. The Australian Competition and Consumer Commission (ACCC) and other energy authorities have warned of impending gas supply shortfalls on the east coast, expected to begin from 2028, unless new gas projects are initiated. These shortfalls could lead to higher energy prices and increased risk of blackouts, impacting the entire economy. The Australian Energy Market Operator (AEMO) emphasizes the role of gas-powered generation in supporting a high-renewable power system, stating that new investments in gas supply are essential to maintain energy reliability and security.

BPH Energy Issues New Shares, Ensures Compliance

BPH Energy Limited has announced the issuance of 5,000 fully paid ordinary shares following the exercise of share options. The company has complied with all relevant provisions of the Corporations Act and confirmed there is no excluded information that needs disclosure, indicating transparency and adherence to regulatory requirements.

BPH Energy Limited Reports Cash Flow Activities for September 2025 Quarter

BPH Energy Limited’s quarterly cash flow report reveals a net cash outflow from operating activities amounting to $116,000, primarily due to expenses in advertising, staff costs, and administration. The company also reported a significant cash outflow of $676,000 from investing activities, mainly attributed to loans to other entities, indicating a strategic focus on expanding its investment portfolio.

BPH Energy’s Diverse Investments: Legal Battles, Medical Innovations, and Hydrogen Production

BPH Energy Limited’s investee, Advent Energy, is involved in a legal challenge regarding the PEP-11 permit, with a court hearing scheduled for February 2026. Meanwhile, Cortical Dynamics is advancing its AI-enhanced brain monitoring technology, BARM 2.0, with clinical trials planned in the USA and the Netherlands. Clean Hydrogen Technologies is progressing towards establishing production facilities in India and the USA for its turquoise hydrogen and carbon composite products.