Top Page
Comet Ridge Ltd
(Sydney:COI)
Comet Ridge Ltd (COI) vs. iShares MSCI Australia ETF (EWA)
Comet Ridge Ltd Business Overview & Revenue Model
Comet Ridge Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 2.79M | 0.00 | 0.00 | 0.00 | 20.00K |
| Gross Profit | -247.00K | 2.79M | -198.00K | -124.00K | -71.00K | -79.98K |
| EBITDA | -535.00K | -17.00K | -4.92M | -3.52M | -7.45M | -6.88M |
| Net Income | -2.47M | -2.47M | -7.17M | -6.57M | -8.63M | -6.96M |
Balance Sheet | ||||||
| Total Assets | 125.00M | 125.00M | 120.30M | 111.36M | 109.36M | 76.23M |
| Cash, Cash Equivalents and Short-Term Investments | 13.30M | 13.30M | 16.78M | 11.65M | 8.00M | 3.97M |
| Total Debt | 6.95M | 6.95M | 7.44M | 7.21M | 19.44M | 0.00 |
| Total Liabilities | 44.68M | 44.68M | 47.80M | 47.05M | 61.81M | 25.82M |
| Stockholders Equity | 80.32M | 80.32M | 72.51M | 64.31M | 47.55M | 50.41M |
Cash Flow | ||||||
| Free Cash Flow | -4.13M | -20.43M | -8.94M | -9.20M | -11.69M | -4.36M |
| Operating Cash Flow | -4.12M | -4.12M | -4.22M | -3.80M | -3.36M | -1.98M |
| Investing Cash Flow | -10.45M | -10.61M | -4.63M | -6.54M | -20.33M | 891.00K |
| Financing Cash Flow | 11.25M | 11.25M | 13.97M | 14.62M | 27.72M | -2.00K |
Comet Ridge Ltd Technical Analysis
Comet Ridge Ltd Peers Comparison
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% | |
64 Neutral | AU$341.79M | 18.10 | 16.49% | 14.63% | -4.57% | -52.65% | |
51 Neutral | AU$846.54M | -10.30 | -14.41% | ― | ― | ― | |
50 Neutral | AU$164.51M | -65.24 | -4.74% | ― | ― | 70.00% | |
50 Neutral | AU$157.44M | 44.00 | 1.40% | ― | ― | ― | |
49 Neutral | AU$329.68M | -12.99 | -13.47% | ― | ― | ― | |
45 Neutral | AU$377.94M | -1.91 | -42.02% | ― | 59.48% | -1714.71% |
Comet Ridge Ltd Corporate Events
Comet Ridge Limited has received confirmation from the ASX that its proposed acquisition of Santos QNT’s 42.86% stake in the Mahalo Gas Project, which will increase Comet Ridge’s ownership of the project to 100%, will not trigger the need for shareholder approval or require the company to re-comply with initial listing requirements under ASX Listing Rules 11.1.2 and 11.1.3. This clarification removes a key regulatory hurdle for the transaction, smoothing the path for Comet Ridge to consolidate full control of its flagship Mahalo Gas Project, potentially strengthening its operational flexibility and strategic positioning in supplying gas to the east coast Australian market.
The most recent analyst rating on (AU:COI) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
Comet Ridge has secured key federal environmental approval under the Environment Protection and Biodiversity Conservation Act for its 100%-owned Mahalo North natural gas development in Queensland’s Bowen Basin, complementing an existing Queensland environmental authority. The EPBC approval, following extensive assessment by federal agencies, allows the company to build, operate, decommission and rehabilitate up to 68 coal seam gas wells and associated infrastructure over a 141 km² area, and comes shortly after Comet Ridge agreed to acquire full ownership of the adjacent Mahalo Gas Project and advanced its NAIF financing assessment, marking a major step toward expanding its Mahalo Gas Hub and boosting future gas supply to Australia’s east coast market.
The most recent analyst rating on (AU:COI) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
Santos Limited, a prominent player in the energy sector, has announced the divestment of its 42.86% interest in the Mahalo Joint Venture to Comet Ridge Limited for A$40 million upfront and up to A$20 million in contingent payments. This move, along with the completed sale of its interests in the Petrel and Tern fields to Eni Australia, underscores Santos’ strategy to optimize its portfolio by monetizing non-core assets and focusing on near-term priorities like the Barossa and Pikka projects, ultimately aiming to enhance shareholder returns.
The most recent analyst rating on (AU:COI) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
Comet Ridge Limited has announced its acquisition of Santos QNT Pty Ltd’s 42.86% interest in the Mahalo Gas Project, resulting in Comet Ridge holding 100% ownership of the Mahalo Gas Hub. This strategic move allows Comet Ridge to optimize the development of the gas resource, increasing its 2P Reserves and 2C Resources to 677 PJ. The acquisition positions Comet Ridge as a key player in the east coast gas market, with plans to target domestic gas sales and enhance its operational capabilities as the sole operator of the Mahalo Gas Hub.
The most recent analyst rating on (AU:COI) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
Comet Ridge Limited has received approval from the Northern Australia Infrastructure Facility (NAIF) to advance to the Due Diligence stage for debt financing of its Mahalo JV Gas Project. This development aligns with the Federal Government’s Future Gas Strategy, emphasizing the need for more domestic natural gas. While NAIF’s approval marks progress, it does not guarantee financing, and Comet Ridge is working on finalizing a comprehensive funding package to reach a Final Investment Decision by mid-2026.
The most recent analyst rating on (AU:COI) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
Comet Ridge Ltd announced that all resolutions proposed at its 2025 Annual General Meeting were successfully passed by shareholders. The approval of these resolutions, with significant majorities, reflects strong shareholder support and could positively impact the company’s strategic direction and operational initiatives.
The most recent analyst rating on (AU:COI) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
Comet Ridge Ltd has released a presentation aimed at shareholders and investors, emphasizing its position as a significant player in the east coast gas market. The company highlights its strategic focus on gas exploration and development, while acknowledging the inherent risks and uncertainties in the industry. The presentation includes forward-looking statements and projections, which are subject to change due to various market and environmental factors.
The most recent analyst rating on (AU:COI) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
Comet Ridge Limited has appointed Mr. Robin Polson as its new Chief Financial Officer, effective November 10, 2025. Mr. Polson brings over three decades of experience in corporate finance, having held roles in finance and investment banking across South Africa, The Netherlands, and Australia. His expertise in gas marketing and funding is expected to benefit Comet Ridge as it progresses with the Mahalo JV gas project, aiming to deliver natural gas to the east coast market. This strategic appointment underscores the company’s commitment to advancing its projects and enhancing its market position.
The most recent analyst rating on (AU:COI) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
Comet Ridge Ltd has reported significant progress in its Mahalo Gas Hub projects during the September 2025 quarter. The company, in collaboration with Santos and Jemena, is advancing the Front End Engineering Design (FEED) for upstream and pipeline facilities. Notably, the Mahalo East project received independent certification of substantial gas reserves, and a final investment decision is anticipated upon FEED completion. These developments are expected to enhance Comet Ridge’s operational capabilities and strengthen its market position in the Queensland gas sector.
The most recent analyst rating on (AU:COI) stock is a Buy with a A$0.21 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
Comet Ridge Ltd has released a presentation aimed at shareholders and investors, providing an overview of its operations and strategic focus on the east coast gas market. The presentation highlights the company’s commitment to developing gas resources to address regional energy needs, while also acknowledging the inherent risks and uncertainties in the energy sector. The company emphasizes the importance of understanding market trends and potential fluctuations in demand and pricing, which could impact future performance.
The most recent analyst rating on (AU:COI) stock is a Buy with a A$0.21 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
Comet Ridge Ltd has announced its Annual General Meeting (AGM) to be held on November 14, 2025, in Brisbane, with an option for shareholders to participate via a live webcast. Shareholders are encouraged to vote online by submitting their proxy forms before the deadline, and those attending in person are requested to register in advance.
The most recent analyst rating on (AU:COI) stock is a Buy with a A$0.21 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
Comet Ridge Limited announced that Ms. Gillian Swaby will retire as a Non-Executive Director at the conclusion of the 2025 AGM, scheduled for November 14, 2025. Ms. Swaby, who joined the board in 2004 and has been the Chair of the Audit Committee since 2009, played a key role in the company’s merger with Chartwell Energy. Her departure marks the end of a significant tenure, with Chairman James McKay acknowledging her impactful contributions and leadership.
The most recent analyst rating on (AU:COI) stock is a Buy with a A$0.21 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.