Emperor Energy Ltd (EMP) AI Stock Analysis

• Market Cap: AU$116.26M
• Dividend Yield: N/A
• Average Volume (3M): 1.74M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.27
• Revenue Growth: N/A
• EPS Growth: 30.77%
• Country: AU
• Employees: 14
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 830,435,240
• 10 Day Avg. Volume: 1,336,849
• 30 Day Avg. Volume: 1,741,383
• PEG Ratio: 0.50
• Price to Book (P/B): 1.78
• Price to Sales (P/S): 364.25
• P/FCF Ratio: -8.24
• 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: 57 Neutral
• Price Target: AU$0.14 ▲(40.00% Upside)
• Action: Reiterated Date: 02/14/26
• Date: Action: Reiterated 02/14/26

The score is held back primarily by weak financial performance—large recurring losses and continued cash burn—despite the benefit of a debt-free balance sheet. Technicals are currently supportive with a clear uptrend and positive momentum, though signals look stretched. Valuation is difficult to anchor due to negative earnings and no dividend yield provided.

Positive Factors

Conservative balance sheet

No reported debt and a meaningful increase in FY2025 equity create durable solvency strength. Low leverage reduces refinancing risk and preserves optionality to fund exploration via equity, farm-outs or partner carry, supporting long-term project advancement even through commodity cycles.

Clear monetization pathways

Emperor’s business model is structurally centered on creating value through farm-outs, joint ventures, asset sales or eventual production. These established upstream monetization routes allow value realization without near-term production, aligning incentives with industry partners and reducing reliance on immediate cashflow.

Improving revenue trend (FY2025)

A large top-line rebound signals progress in project activity or one-off monetisations and can indicate increasing partner interest. If sustained through further farm-outs or appraisal success, improving revenues strengthen negotiating leverage and reduce the gap to self-funding over the medium term.

Negative Factors

Persistent cash burn

Consistently negative operating and free cash flows mean the business cannot self-finance exploration or appraisal. This structural cash burn increases the likelihood of dilution, asset sales or partner dependence, constraining long-term project timelines and strategic flexibility.

Deep unprofitability

Very large negative margins and persistent losses erode economic returns and reduce retained capital. Over time this undermines equity value and weakens the company’s ability to fund development internally, making positive exploration outcomes imperative to restore profitability and ROE.

Dependence on external funding/partners

With no steady production cashflow, progress depends on securing farm-outs, JV partners or asset sales. That reliance exposes outcomes to partner decisions, commodity prices and regulatory approvals, increasing execution risk and the timeline for converting resources into sustainable cash generation.

Emperor Energy Ltd Business Overview & Revenue Model

Company Description

Emperor Energy Limited, together with its subsidiaries, engages in the exploration, development, and production activities in the upstream oil and gas sector in Australia. It primarily holds a 100% interest in the Vic/P47 exploration permit covering an area of 200 square kilometers located in the offshore Gippsland Basin, Bass Strait, Australia; and holds 100% interest in Canning Basin. The company was formerly known as Oil Basins Limited and changed its name to Emperor Energy Limited in November 2017. Emperor Energy Limited was incorporated in 1982 and is based in Sydney, Australia.

How the Company Makes Money

Emperor Energy Ltd generates revenue primarily through the exploration and development of oil and gas resources. The company's revenue model is centered on securing exploration permits and licenses, conducting geological and geophysical surveys to assess resource potential, and subsequently developing these resources for commercial production. Key revenue streams include the sale of extracted hydrocarbons, such as crude oil and natural gas, to domestic and international markets. Additionally, strategic partnerships and joint ventures with other energy companies play a significant role in funding exploration activities and sharing the risks and rewards associated with resource development. Factors such as fluctuations in global energy prices, exploration success, and regulatory approvals significantly influence the company's earnings.

Emperor Energy Ltd Financial Statement Overview

Summary

Overall financial profile is constrained by persistent, very large losses and ongoing negative operating/free cash flow despite a sharp FY2025 revenue rebound. The key offset is a conservatively structured balance sheet with no reported debt, which reduces solvency risk but does not resolve funding dependence.

Income Statement

Revenue rebounded sharply in FY2025 (up ~388% YoY), but the business remains deeply unprofitable with large operating and net losses (FY2025 net margin around -2,293%). Losses have been persistent across the period, and profitability metrics remain meaningfully negative, indicating limited operating leverage despite the recent top-line uptick.

Balance Sheet

The balance sheet is conservatively structured with no reported debt across all periods, reducing solvency risk. Equity has grown in the most recent year (FY2025 equity up meaningfully vs FY2024), supporting asset backing; however, returns on equity remain negative due to ongoing losses, which continues to erode economic value despite the low-leverage profile.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative in every year shown, reflecting continued cash burn typical of an early-stage E&P story. While free cash flow improved in FY2025 versus FY2024 (less negative), the company still requires funding support to sustain operations and investment, and cash flows are not yet self-financing.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	42.85K	4.24K	9.35K	0.00	13.13K
Gross Profit	42.85K	4.24K	9.35K	0.00	13.13K
EBITDA	0.00	-773.02K	-941.12K	-823.00K	-572.00K
Net Income	-982.79K	-804.32K	-969.00K	-893.00K	-666.00K
Balance Sheet
Total Assets	9.19M	5.89M	5.64M	5.53M	5.21M
Cash, Cash Equivalents and Short-Term Investments	2.35M	221.90K	313.07K	572.04K	1.17M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	426.64K	250.43K	217.51K	470.30K	1.16M
Stockholders Equity	8.76M	5.64M	5.43M	5.06M	4.05M
Cash Flow
Free Cash Flow	-1.89M	-898.72K	-1.26M	-2.08M	-995.29K
Operating Cash Flow	-1.03M	-540.69K	-825.14K	-1.15M	-497.51K
Investing Cash Flow	-866.29K	-358.02K	-432.49K	-698.97K	-728.78K
Financing Cash Flow	4.02M	807.55K	998.66K	1.48M	1.80M

Emperor Energy Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EMP, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.11, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.11 is Neutral, neither overbought nor oversold. The STOCH value of 64.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EMP.

Emperor Energy Ltd 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%
ROG	59 Neutral	AU$13.56M	―	-8.36%	―	-7.30%	―
EMP	57 Neutral	AU$116.26M	-77.78	-13.64%	―	―	30.77%
OEL	52 Neutral	AU$23.98M	43.33	2.14%	―	-22.76%	―
FDR	52 Neutral	AU$276.05M	30.63	168.99%	―	―	―
BRU	48 Neutral	AU$22.55M	-1.58	-70.94%	―	―	―
HHR	44 Neutral	AU$36.51M	-16.25	-6.62%	―	―	20.00%

Emperor Energy Ltd Corporate Events

Emperor Energy Strengthens Leadership and Advances Judith-2 Gas Appraisal Plans

Emperor Energy has appointed experienced energy executive Tim Handley as managing director from January 2026, strengthening its leadership as it progresses the Judith Gas Project toward development. During the December 2025 quarter, the company advanced funding discussions for the Judith-2 appraisal well with large downstream gas users, moved to contract long-lead drilling equipment for delivery by June 2026, resubmitted a modified environmental plan for the well to NOPSEMA, sought final approval to extend the primary term of its Vic/P47 exploration permit, and established a new Melbourne operations office to support drilling planned for 2026, underpinned by a quarter-end cash balance of $3.5 million.

The most recent analyst rating on (AU:EMP) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Emperor Energy Ltd stock, see the AU:EMP Stock Forecast page.

Emperor Energy Appoints New Director with 300,000-Share Holding

Emperor Energy Limited has appointed Timothy Handley as a director effective 12 January 2026, in line with ASX disclosure rules. At the time of his appointment, Handley holds a direct interest in 300,000 fully paid ordinary shares in the company, a stake that may help align his interests with those of shareholders and could be viewed positively by investors monitoring board alignment and governance practices.

The most recent analyst rating on (AU:EMP) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Emperor Energy Ltd stock, see the AU:EMP Stock Forecast page.

Emperor Energy Appoints New Managing Director to Propel Judith Gas Field Development

Emperor Energy Ltd has appointed Tim Handley as Managing Director, effective January 12, 2026. Handley, with over 20 years of experience in the energy sector, is expected to lead the company in advancing the Judith Gas Field project. The project is strategically positioned to alleviate the East Coast gas supply shortfall and is supported by recent funding and proximity to existing infrastructure. The appointment is seen as a critical step in strengthening Emperor Energy’s capability to commercialize the Judith Gas Field, which has been independently validated to hold significant gas resources.

Emperor Energy Issues New Equity Securities to Boost Capital

Emperor Energy Limited has announced the issuance of 7,000,000 unquoted equity securities in the form of EMP options, set to expire on December 1, 2028, at an exercise price of $0.20. This move is part of the company’s strategic financial operations, potentially impacting its market positioning by enhancing capital resources and providing stakeholders with investment opportunities.

Emperor Energy Issues New Equity Securities to Bolster Financial Position

Emperor Energy Ltd has announced the issuance of 27,500,000 unquoted equity securities, specifically EMP Options set to expire on December 1, 2028, at a price of $0.1095. This move is part of the company’s strategic efforts to strengthen its financial position and support its ongoing projects, potentially impacting its operational capabilities and market competitiveness.

Emperor Energy Issues 7 Million Unquoted Equity Securities

Emperor Energy Limited has announced the issuance of 7,000,000 unquoted equity securities, specifically EMP Options with an expiry date of December 1, 2028, at an exercise price of $0.1095. This move is part of the company’s strategic financial maneuvers, potentially impacting its market positioning and offering new opportunities for stakeholders.

Emperor Energy Ltd Issues 15 Million Unquoted Securities

Emperor Energy Ltd has announced the issuance of 15 million unquoted securities, specifically EMP Options set to expire on November 11, 2027. This move is part of the company’s strategic financial maneuvers to bolster its capital structure and potentially enhance its market positioning within the energy sector.