Emperor Energy Ltd (EMP) AI Stock Analysis

• Market Cap: AU$95.50M
• Dividend Yield: N/A
• Average Volume (3M): 1.74M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.73
• Revenue Growth: N/A
• EPS Growth: 30.77%
• Country: US
• 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: 51 Neutral
• Price Target: AU$0.12 ▲(16.00% Upside)

The score is held back primarily by weak financial performance (large persistent losses and ongoing cash burn), with valuation also constrained by negative earnings. These are partially offset by favorable technical signals, with the stock trading above key moving averages and showing positive momentum.

Positive Factors

Conservative balance sheet (no debt)

No reported debt materially reduces solvency and refinancing risk, preserving the company's optionality to pursue exploration or wait for favorable farm-out terms. Over months this lowers bankruptcy risk and provides financial flexibility during capital-intensive offshore programs.

Equity base strengthened in FY2025

Meaningful equity growth in FY2025 improves asset backing and reduces immediate dependency on debt markets. This stronger capital base supports funding of technical studies or partner negotiations, easing short-to-medium term program continuity and enhancing credibility with potential farm-in parties.

Asset-driven, farm-out focused business model

A farm-out/asset-sale model lets Emperor realize value without funding full-field development, shifting capex and execution risk to partners. Structurally this can conserve cash and accelerate value crystallization if the company secures industry partners for appraisal or development stages.

Negative Factors

Persistent negative operating and free cash flow

Consistent cash burn forces reliance on external funding—equity raises, asset sales or partner carry—to sustain operations. Over the coming months this increases dilution risk, can delay work programs if funding gaps arise, and constrains the company’s ability to self-fund exploration.

Large, persistent net losses and negative margins

Deep, ongoing losses indicate limited operating leverage and negative returns on invested capital. Without a material commercial discovery or partner-funded development, profitability is unlikely in the medium term, reducing ability to reinvest and eroding long-term shareholder value.

No confirmed production or steady revenue stream

Lack of production means revenue is intermittent and largely dependent on one-off farm-outs or asset sales. Structurally this creates lumpy cash flows, greater execution risk for long-lead offshore projects, and sustained funding dependence until a project reaches commercial production.

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

Despite a sharp FY2025 revenue rebound, the company remains deeply unprofitable with persistent large losses and meaningfully negative margins. Cash flow is also consistently negative (ongoing cash burn), which keeps funding dependence high. The main offset is a conservative balance sheet with no reported debt and improved equity, reducing solvency risk.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	42.85K	42.85K	4.24K	9.35K	0.00	13.13K
Gross Profit	42.85K	42.85K	4.24K	9.35K	0.00	13.13K
EBITDA	-443.52K	0.00	-773.02K	-941.12K	-823.00K	-572.00K
Net Income	-982.77K	-982.79K	-804.32K	-969.00K	-893.00K	-666.00K
Balance Sheet
Total Assets	9.19M	9.19M	5.89M	5.64M	5.53M	5.21M
Cash, Cash Equivalents and Short-Term Investments	2.35M	2.35M	221.90K	313.07K	572.04K	1.17M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	426.64K	426.64K	250.43K	217.51K	470.30K	1.16M
Stockholders Equity	8.76M	8.76M	5.64M	5.43M	5.06M	4.05M
Cash Flow
Free Cash Flow	-1.89M	-1.89M	-898.72K	-1.26M	-2.08M	-995.29K
Operating Cash Flow	-1.03M	-1.03M	-540.69K	-825.14K	-1.15M	-497.51K
Investing Cash Flow	-866.29K	-866.29K	-358.02K	-432.49K	-698.97K	-728.78K
Financing Cash Flow	4.02M	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: Positive
• 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 0.11, above the 50-day MA of 0.09, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.35 is Neutral, neither overbought nor oversold. The STOCH value of 34.52 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	-100.00	-8.36%	―	-7.30%	―
OEL	52 Neutral	AU$19.18M	43.33	2.14%	―	-22.76%	―
EMP	51 Neutral	AU$95.50M	-58.33	-13.64%	―	―	30.77%
BRU	48 Neutral	AU$24.06M	-1.52	-70.94%	―	―	―
FDR	48 Neutral	AU$210.73M	20.68	168.99%	―	―	―
HHR	46 Neutral	AU$35.11M	-16.25	-6.62%	―	―	20.00%

Emperor Energy Ltd Corporate Events

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.

Emperor Energy Ltd Reports Successful Outcomes at 2025 AGM

Emperor Energy Ltd announced the results of its 2025 Annual General Meeting, where all resolutions were carried with significant support. Key resolutions included the adoption of the remuneration report, re-election of directors, ratification of prior share placements, and the appointment of auditors. The approval of these resolutions reflects strong shareholder confidence in the company’s leadership and strategic direction.

Emperor Energy Introduces New Resolutions for AGM

Emperor Energy Limited has issued a Revised Notice of Annual General Meeting, introducing two additional resolutions for shareholder approval. These resolutions involve issuing options to Argonaut, the company’s Strategic Financial Advisor, as part of their engagement in recent capital raising efforts and future advisory services. The meeting is scheduled for November 13, 2025, and shareholders are encouraged to participate and vote on these new resolutions.

Emperor Energy Announces Major Resource Upgrade and Strategic Appointments

Emperor Energy Ltd has announced a significant upgrade to its gas resources at the Judith Gas Field following an independent audit by GaffneyCline. The audit confirmed a 2C Contingent Resource of 166 Bcf and a P50 Prospective Resource of 1.86 Tcf, indicating a substantial increase in potential gas supply. The company has successfully raised $3.7 million to advance the Judith-2 Well, with plans to commence drilling in the second half of 2026. The appointment of Steven Marshall as Chief Operating Officer and Malcolm King as a Director strengthens the company’s leadership team as it prepares for this critical phase. The developments position Emperor Energy strategically in the tightening East Coast gas market, offering a rare investment opportunity.