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EPX Limited (AU:EPX)
ASX:EPX
Australian Market

EPX (EPX) AI Stock Analysis

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AU:EPX

EPX

(Sydney:EPX)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
AU$0.25
â–¼(-2.00% Downside)
EPX's overall stock score is primarily impacted by its weak financial performance, characterized by significant leverage and cash flow issues. Technical analysis shows a bearish trend, while valuation metrics are poor due to negative earnings. The lack of earnings call and corporate events data leaves these areas unaddressed.
Positive Factors
Industry positioning
Being categorized in Software - Infrastructure positions EPX in a sector with structural enterprise demand for infrastructure tools and services. This market placement supports potential recurring revenue models and product stickiness, aiding durable revenue opportunities over months.
Top-line growth momentum
Reported revenue growth (~17.2%) reflects meaningful top-line momentum. Sustained sales growth can fund R&D and sales investment, enable market-share gains, and provide the scale needed to leverage fixed costs and improve margins over a multi-quarter horizon.
Lean operating base
A 71-person workforce implies a relatively lean cost base, which can translate to higher operating leverage as revenue rises. Lower fixed payroll obligations reduce capital needs and can speed the path to profitability if revenue growth persists over subsequent quarters.
Negative Factors
High financial leverage
A debt-to-equity ratio of 2.31 indicates significant leverage that raises interest costs and refinancing risk. Heavy indebtedness limits strategic flexibility for R&D, hiring, or M&A and increases vulnerability to revenue variability over the medium term.
Negative free cash flow
Persistent negative free cash flow and declining FCF growth erode liquidity and force reliance on external financing or dilution. Continued cash burn constrains the firm's ability to invest in product development and scaling, threatening operational sustainability over months.
Weak profitability and margins
Ongoing negative net and EBIT margins alongside a materially declining gross margin point to cost or pricing pressures and inefficient economics. Without margin recovery, the business will struggle to generate sustainable earnings and self-fund growth in the medium term.

EPX (EPX) vs. iShares MSCI Australia ETF (EWA)

EPX Business Overview & Revenue Model

Company DescriptionEPX Limited provides building energy management solutions within commercial real estate in Australia, the United Kingdom, Hong Kong, and the Middle East. It offers EDGE cloud data platform, a managed platform that streamlines data collection from submeters, IoT sensors, and building management systems (BMS) which identifies opportunities to reduce energy, water, and waste consumption within the building by collecting, processing, and analysing sets of data per year. The company's EDGE platform products comprise EDGE Essential for building and connecting data; EDGE Commercial that report and charge based on actual usage and automate reporting; EDGE Insight that provides actionable insights; EDGE Insight+; EDGE Certifi, optimize building; and EDGE Industrial, a platform to digitalise and optimise the management of industrial and commercial buildings. It also provides EDGE Capabilities, such as capture, aggregate, analyze, and optimize. It offers its solutions for commercial offices, hospitals, hotels, retail, shopping centers, healthcare, and hospitals sectors. EPX Limited was formerly known as EP&T Global Limited and changed its name to EPX Limited in June 2025. The company was founded in 1993 and is based in North Sydney, Australia.
How the Company Makes MoneyEPX generates revenue through several key streams. Primarily, the company earns income from the sale of its energy management systems and smart grid technology, which are designed to enhance the efficiency and reliability of energy use. Additionally, EPX provides consulting services to businesses looking to improve their energy efficiency, charging fees based on project scope and duration. The company also engages in partnerships with government agencies and private sector entities to participate in renewable energy projects, often receiving funding or grants that supplement its income. Furthermore, EPX may explore subscription-based models for its software services, providing ongoing support and updates to clients, thus creating a recurring revenue stream.

EPX Financial Statement Overview

Summary
EPX is facing significant financial challenges across all verticals. Despite some revenue growth, profitability remains elusive, and the company is heavily leveraged. Cash flow issues further exacerbate the financial instability, suggesting a need for strategic restructuring to improve financial health.
Income Statement
45
Neutral
EPX has shown some revenue growth, with an 8.35% increase in the latest year. However, the company struggles with profitability, as indicated by negative net profit margins and EBIT margins. The gross profit margin has significantly declined from previous years, suggesting challenges in maintaining cost efficiency.
Balance Sheet
40
Negative
The balance sheet reveals a high debt-to-equity ratio of 2.31, indicating significant leverage and potential financial risk. The return on equity is negative, reflecting ongoing losses. The equity ratio is relatively low, suggesting limited equity financing compared to total assets.
Cash Flow
35
Negative
EPX's cash flow situation is concerning, with negative free cash flow and a substantial decline in free cash flow growth. The operating cash flow to net income ratio is low, indicating challenges in converting income into cash. The free cash flow to net income ratio is negative, highlighting cash flow difficulties.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue15.27M15.27M13.03M10.63M7.09M6.08M
Gross Profit3.31M3.31M12.11M-2.72M6.28M5.87M
EBITDA-3.09M-3.09M-1.97M-4.84M-7.11M-11.67M
Net Income-5.75M-5.75M-4.84M-6.75M-8.40M-12.16M
Balance Sheet
Total Assets12.85M12.85M14.92M15.64M14.64M14.27M
Cash, Cash Equivalents and Short-Term Investments1.29M1.29M1.40M1.24M4.22M5.30M
Total Debt1.21M1.21M1.54M1.94M1.24M1.17M
Total Liabilities12.32M12.32M9.98M8.71M6.45M6.16M
Stockholders Equity523.08K523.08K4.93M6.93M8.18M8.11M
Cash Flow
Free Cash Flow-98.64K-98.64K-1.66M-7.11M-8.33M-5.19M
Operating Cash Flow1.42M1.42M-206.11K-4.47M-6.12M-3.43M
Investing Cash Flow-1.64M-1.64M-1.46M-2.64M-2.21M-1.76M
Financing Cash Flow105.09K105.09K1.86M4.01M7.25M10.22M

EPX Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.25
Price Trends
50DMA
0.25
Positive
100DMA
0.30
Negative
200DMA
0.28
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
47.94
Neutral
STOCH
53.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EPX, the sentiment is Negative. The current price of 0.25 is below the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.25, and below the 200-day MA of 0.28, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.94 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EPX.

EPX Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
48
Neutral
AU$34.81M-1.23-64.51%4.99%-38.38%-275.50%
46
Neutral
AU$21.59M-2.80-210.85%―17.19%4.50%
44
Neutral
AU$7.32M-2.63――13.07%68.60%
42
Neutral
AU$10.61M-1.22-54.62%―-22.47%39.26%
42
Neutral
AU$5.40M-3.47-23.31%―2.15%-900.00%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EPX
EPX
0.25
-0.01
-3.85%
AU:FCT
FirstWave Cloud Technology
0.01
-0.01
-50.00%
AU:SEN
Senetas Corporation Limited
2.10
-0.38
-15.32%
AU:BEO
SkyFii Limited
0.14
-0.08
-36.36%
AU:KNO
Knosys Ltd.
0.03
-0.01
-35.90%
AU:WHK
WhiteHawk Ltd.
0.01
0.00
0.00%

EPX Corporate Events

EPX Issues New Shares Under Security Purchase Plan, Confirms Regulatory Compliance
Jan 26, 2026

EPX Limited has issued 1,178,004 new fully paid ordinary shares at $0.25 per share to participants in its Security Purchase Plan, following the plan’s announcement in late December 2025 and the release of results on 23 January 2026. The company confirmed that the shares were issued without a formal disclosure document under the Corporations Act, while stating it remains compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information, signalling regulatory conformity and transparency for existing and new shareholders.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Seeks ASX Quotation for 1.18 Million New Shares
Jan 23, 2026

EPX Limited has applied to the ASX for quotation of 1,178,004 new fully paid ordinary shares, expanding its listed security base. The issuance, tied to previously announced transactions, modestly increases the company’s equity on issue and may enhance liquidity in its stock, signaling ongoing capital management activity that could affect shareholder dilution and trading dynamics.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Raises $294,501 via SPP to Fund Wattwatchers Deal and Expansion
Jan 22, 2026

EPX Limited has closed its Security Purchase Plan, raising $294,501 from 23 valid shareholder applications at $0.25 per share, resulting in the issue of 1,178,004 new shares to be allotted and quoted on the ASX on 23 January 2026. The funds, alongside proceeds from a prior institutional placement, will help settle the recently completed acquisition of Wattwatchers, support further M&A, fund investment in EPX’s technology roadmap and provide working capital, with management highlighting that Wattwatchers has roughly doubled the revenue of EPX’s Australian business and expanded its global reach into industrial market verticals, reinforcing the company’s growth ambitions in data-driven building and energy optimisation.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Corrects Details on Proposed Securities Issue and Secondary Sale Disclosures
Dec 30, 2025

EPX Limited has updated its disclosure to the ASX regarding a proposed issue of securities via a placement or similar structure. The company’s latest filing corrects earlier information lodged on 18 December 2025, specifically revising details on secondary sale disclosures and clarifying that part of the consideration for the securities will be non‑cash, signaling an administrative clean‑up of terms that may be relevant for existing and prospective investors monitoring capital structure changes.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Issues New Shares to Fund Wattwatchers Acquisition
Dec 29, 2025

EPX Limited has issued 1,562,500 new fully paid ordinary shares at $0.32 per share to Kilara Growth Fund LP as part of the arrangements linked to its acquisition of energy monitoring firm Wattwatchers Pty Limited, strengthening its capital structure to support this strategic transaction. The company confirmed that the share issue was conducted without a disclosure document under the relevant provisions of the Corporations Act, and stated it remains compliant with its financial reporting and continuous disclosure obligations, with no excluded information, providing regulatory assurance and transparency for existing and new shareholders.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX launches share purchase plan at placement price to raise up to A$700,000
Dec 28, 2025

EPX Limited has launched a share purchase plan (SPP) offering eligible shareholders the opportunity to buy up to A$30,000 of new shares at A$0.25 each, the same price as a recent placement to professional and sophisticated investors. The offer, which targets a maximum raise of A$700,000 and is not underwritten, is open to shareholders on the register as of 17 December 2025 in Australia and several overseas jurisdictions, and runs from 29 December 2025 to 20 January 2026, with the board retaining discretion to scale back applications, adjust the amount raised or amend the timetable, underscoring the company’s continued reliance on equity markets for funding and offering existing investors a chance to maintain or increase their holdings at placement pricing.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Seeks ASX Quotation for 1.56 Million New Shares
Dec 24, 2025

EPX Limited has applied to the ASX for quotation of 1,562,500 new fully paid ordinary shares, to be issued on 24 December 2025. The move formalises the listing of securities previously flagged to the market, incrementally expanding EPX’s quoted share base and potentially enhancing liquidity for existing shareholders, although the announcement provides no details on the underlying transaction or strategic purpose of the issuance.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Issues New Shares to Institutional Investors Under Placement
Dec 23, 2025

EPX Limited has issued 8,572,000 new fully paid ordinary shares at $0.25 per share to new and existing institutional investors, as part of a previously announced placement. The company confirmed that the capital raising was conducted without a prospectus under the relevant Corporations Act provisions, and stated it is compliant with its continuous disclosure and reporting obligations and has no excluded information, signalling regulatory transparency and reinforcing confidence for current and prospective shareholders.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Seeks ASX Quotation for 8.6 Million New Shares
Dec 23, 2025

EPX Limited has applied to the ASX for quotation of 8,572,000 new ordinary fully paid shares, expanding its listed securities on the exchange. The issuance, tied to a previously announced transaction, signals a move to increase the company’s traded equity base, which may affect liquidity and ownership structure once the new shares commence quotation on 24 December 2025.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Raises $2.14m in Placement, Launches SPP to Fund Growth and Wattwatchers Acquisition
Dec 23, 2025

EPX Limited has completed a $2.14 million private placement to existing and new institutional investors, issuing 8,572,000 fully paid ordinary shares at A$0.25 each under its existing placement capacity, with no director or related-party participation. The funds are earmarked to support the acquisition of Wattwatchers Pty Limited, develop new revenue opportunities, invest in technology and provide general working capital, while a follow-on share purchase plan aims to raise up to a further $700,000 from eligible shareholders at the same offer price, broadening participation and strengthening the company’s capital base for its growth and expansion initiatives.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Limited Announces Proposed Issuance of 1.56 Million Securities
Dec 18, 2025

EPX Limited, a company listed on the Australian Securities Exchange (ASX), has announced a proposed issue of 1,562,500 fully paid ordinary securities, with a planned issuance date of January 16, 2026. This move marks an important step in expanding its capital base, which may impact the company’s market positioning and provide opportunities for growth within its sector.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Limited Unveils Securities Issuance Plan to Bolster Market Position
Dec 18, 2025

EPX Limited has announced the proposed issuance of up to 2.8 million securities through a securities purchase plan and 8.572 million through a placement, aiming to enhance its financial position and operational flexibility. This move could strengthen EPX’s market presence, improve investor relations, and support strategic goals, marking a potential milestone for the company’s growth trajectory.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Advances Energy Management Strategy with Acquisition of Wattwatchers
Dec 18, 2025

EPX Limited has acquired Wattwatchers Pty Limited, a move aimed at strengthening its position in the energy management sector. The acquisition, combined with a $2.14 million placement and a Share Purchase Plan initiative, will fund the transaction, foster technology investments, and support future merger and acquisition opportunities, signaling growth prospects for the company and its stakeholders.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Limited Initiates Trading Halt for Strategic Acquisition
Dec 15, 2025

EPX Limited has requested a trading halt on its securities pending an announcement regarding the proposed acquisition of WattWatchers Pty Limited and a related significant capital raising. This move is aimed at facilitating the acquisition process and ensuring smooth communication with the market. The trading halt will remain in effect until the announcement is made or normal trading resumes on December 18, 2025. This strategic acquisition and capital raising could potentially enhance EPX’s market position and operational capabilities.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Proposes Acquisition of WattWatchers to Enhance Energy Monitoring Capabilities
Dec 8, 2025

EPX Limited has submitted a proposal to acquire WattWatchers Pty Ltd, a company specializing in real-time energy data and monitoring solutions. The acquisition, which involves a combination of cash and shares, is contingent upon approval by WattWatchers’ creditors. This strategic move could enhance EPX’s market position by integrating WattWatchers’ technology and assets, potentially benefiting stakeholders by expanding EPX’s capabilities in energy monitoring and data services.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Limited Announces Change in Director’s Interest
Nov 27, 2025

EPX Limited has announced a change in the director’s interest, specifically involving Paul Oneile. The change involves the acquisition of 1,000,000 performance rights, which were issued following shareholder approval at the Annual General Meeting on November 27, 2025. This adjustment reflects a strategic move within the company’s governance, potentially impacting the company’s future operations and shareholder dynamics.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Limited Announces Director’s Acquisition of Performance Rights
Nov 27, 2025

EPX Limited has announced a change in the director’s interest, specifically regarding Elizabeth Aris, who has acquired 1,000,000 performance rights. This acquisition was made following shareholder approval at the company’s Annual General Meeting on November 27, 2025. The change reflects an increase in the director’s holdings, which could indicate confidence in the company’s future performance and align the director’s interests with those of the shareholders.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Limited Announces Successful Resolutions at 2025 AGM
Nov 27, 2025

EPX Limited announced that all resolutions were passed at their 2025 Annual General Meeting, with decisions made via a poll. The effective date for the securities consolidation is set for November 27, 2025. This development is expected to reinforce EPX’s operational strategies and potentially enhance its market position in the building performance sector.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Limited Reports Financial Growth and Strategic Expansion
Nov 27, 2025

EPX Limited has reported significant progress in the past financial year, achieving positive cash flow from operations and increasing its statutory recurring revenue by 23% to $15 million. The integration of CODA, a UK company acquired last year, has expanded opportunities in Australia and Europe. The company is focusing on sales, product development, and cash flow management, while seeking further inorganic growth opportunities. With rising energy costs and legislative demands for carbon reduction, EPX is well-positioned to assist property owners in optimizing energy use and reducing carbon footprints.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Limited Issues 6 Million Performance Rights
Nov 18, 2025

EPX Limited has announced the issuance of 6,000,000 performance rights under an employee incentive scheme. These securities are unquoted and subject to a restriction on transfer until the restriction period ends. This move is part of EPX’s strategy to incentivize and retain employees, potentially impacting its operational efficiency and aligning employee interests with company performance.

The most recent analyst rating on (AU:EPX) stock is a Buy with a A$0.04 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 19, 2025