Energy World Corporation Ltd (EWC) AI Stock Analysis

• Market Cap: AU$134.82M
• Dividend Yield: N/A
• Average Volume (3M): 785.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.44
• Revenue Growth: -67.88%
• EPS Growth: -19190.91%
• Country: AU
• Employees: 239
• Sector: Utilities
• Sector Strength: 65
• Industry: Independent Power Producers
• EPS (TTM): >-0.01
• Shares Outstanding: 3,851,900,000
• 10 Day Avg. Volume: 1,250,689
• 30 Day Avg. Volume: 785,242
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.15
• Price to Sales (P/S): 3.36
• P/FCF Ratio: -1.20
• 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: 43 Neutral
• Price Target: AU$0.03 ▼(-53.33% Downside)
• Action: Reiterated Date: 02/13/26
• Date: Action: Reiterated 02/13/26

The score is held down primarily by weak cash flow (negative operating/free cash flow) and high leverage, which raise sustainability and financial-risk concerns despite strong reported revenue growth. Technicals add further pressure as the stock is in a downtrend with negative momentum. Valuation does not provide support due to a negative P/E and no dividend yield data.

Positive Factors

Strong revenue growth

A 60.13% revenue increase indicates material top-line expansion in the company's gas/LNG activities, supporting scale economies and market traction. Over 2-6 months this underpins capacity to invest in infrastructure and commercial expansion if cash conversion improves.

High return on equity

ROE of 124.17% shows the company generated outsized returns on shareholders' equity recently, reflecting effective capital deployment or high-margin outcomes. If earnings quality holds, this can attract financing and support reinvestment for growth over the medium term.

Improving operating margins

Evidence of improving EBIT and EBITDA margins signals operational leverage and better cost management. Sustained margin improvement would enhance cash generation capacity and resilience of the business model in the energy sector over the next several months.

Negative Factors

High financial leverage

A debt-to-equity ratio of 1.58 indicates significant leverage that raises refinancing and interest-servicing risk. Over 2-6 months high leverage can constrain strategic flexibility, increase sensitivity to cash-flow variability, and amplify downside in adverse operating conditions.

Negative operating and free cash flows

Negative operating and free cash flows undermine the company's ability to service debt, fund capex, or sustain distributions. Persistently weak cash conversion makes revenue and reported earnings less actionable for long-term financing and growth plans over the medium term.

Earnings quality concerns (one-time gain)

A net margin driven by a one-off gain raises questions about recurring profitability. This reduces reliability of reported earnings and ROE as indicators of sustainable performance, complicating planning and credit assessment over the next several months.

Energy World Corporation Ltd Business Overview & Revenue Model

Company Description

Energy World Corporation Ltd (EWC) is an Australian-based energy company engaged in the development, construction, and operation of energy projects, primarily focusing on power generation and natural gas. EWC operates in various sectors, including renewable energy and conventional energy, with a commitment to providing sustainable and reliable energy solutions. The company's core products and services include electricity generation, natural gas supply, and infrastructure development for energy projects, catering to both domestic and international markets.

How the Company Makes Money

EWC generates revenue through multiple streams, primarily by selling electricity generated from its power plants to both commercial and residential customers. The company also earns income from the sale of natural gas, leveraging its infrastructure for gas production and distribution. Significant partnerships with government entities and private sector companies help EWC secure contracts for energy supply, which contribute to its earnings. Additionally, EWC may benefit from long-term power purchase agreements (PPAs) that ensure a steady income flow, as well as potential investments in renewable energy projects that align with global sustainability trends.

Energy World Corporation Ltd Financial Statement Overview

Summary

Revenue growth is strong (60.13%), but profitability quality is questionable as the net margin (27.88%) is driven by a one-time gain and prior periods were negative. Leverage is high (debt-to-equity 1.58) and cash generation is weak with negative operating and free cash flows, indicating underlying operating and liquidity risk despite improved reported earnings.

Income Statement

Energy World Corporation Ltd shows a mixed performance in its income statement. The company has achieved a significant revenue growth rate of 60.13% in the latest year, which is a positive indicator. However, the net profit margin of 27.88% is primarily due to a one-time gain, as previous years showed negative margins. The EBIT and EBITDA margins have improved but remain volatile, indicating potential operational inefficiencies.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio of 1.58, suggesting significant leverage, which could pose financial risks. However, the return on equity is strong at 124.17%, driven by the recent net income surge. The equity ratio is not explicitly provided, but the company's high leverage remains a concern.

Cash Flow

The cash flow statement reveals challenges, with negative operating and free cash flows in the latest year, despite a free cash flow growth rate of 61.10%. The operating cash flow to net income ratio is negative, indicating cash flow issues relative to reported earnings. The free cash flow to net income ratio is positive at 1.16, but the overall cash flow position remains weak.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	12.09M	12.41M	24.77M	34.95M	145.96M	149.37M
Gross Profit	12.33M	12.41M	21.96M	22.05M	81.33M	44.15M
EBITDA	5.88M	7.92M	-741.85M	2.15M	71.09M	77.22M
Net Income	-36.80M	346.10M	-801.52M	-50.51M	8.91M	525.00K
Balance Sheet
Total Assets	772.06M	777.96M	838.26M	1.66B	1.71B	1.72B
Cash, Cash Equivalents and Short-Term Investments	12.45M	18.23M	6.57M	69.42M	59.02M	77.37M
Total Debt	3.18M	439.87M	788.51M	579.85M	590.79M	631.18M
Total Liabilities	46.53M	480.12M	886.34M	908.10M	923.35M	928.43M
Stockholders Equity	706.41M	278.72M	-67.24M	733.74M	771.92M	776.09M
Cash Flow
Free Cash Flow	-15.89M	-34.73M	6.19M	-11.99M	34.39M	5.26M
Operating Cash Flow	-11.25M	-30.02M	6.40M	-4.87M	48.00M	19.99M
Investing Cash Flow	-1.74M	30.86M	13.93M	-1.64M	-26.52M	-38.35M
Financing Cash Flow	-2.09M	11.05M	-14.31M	-6.54M	-45.21M	8.66M

Energy World Corporation Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EWC, the sentiment is Neutral. The current price of 0.06 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.04, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.23 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:EWC.

Energy World Corporation Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CUE	76 Outperform	AU$90.97M	12.87	10.27%	13.04%	10.44%	-55.67%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
CCE	44 Neutral	AU$23.24M	-8.14	-11.34%	―	-8.52%	13.51%
HYT	44 Neutral	AU$26.68M	-7.27	-13.99%	―	―	―
EWC	43 Neutral	AU$134.82M	-0.16	―	―	-67.88%	-19190.91%
DEL	43 Neutral	AU$21.59M	-1.89	-129.44%	―	-29.97%	-284.16%
JNS	34 Underperform	AU$14.04M	0.05	-84.32%	―	―	91.54%

Energy World Corporation Ltd Corporate Events

Energy World wipes out debt to refocus on LNG build-out in Asia

Energy World Corporation has completed a major balance sheet restructuring, eliminating all group-level borrowings through a US$434 million related-party debt conversion into equity and lifting net tangible assets per share to 18.83 cents. The move increased the stake of major shareholder Energy World International to 53.68%, leaving the group with no external debt and positioning it to advance core LNG and power projects despite a half-year net loss of US$14.56 million and lower revenue following divestment of Indonesian upstream operations.

In the Philippines, independent technical reviews have validated the condition of the Pagbilao LNG hub and 650MW gas-fired plant, and the company is now pursuing project-level equity and debt financing, advised by a US investment bank, to restart construction and tap the growing LNG-to-power market. In Indonesia, EWC is progressing the Sengkang LNG plant by seeking gas supply and offtake agreements after confirming the project’s technical viability, while continuing to sell non-core Australian assets to concentrate capital and management on its flagship LNG and power infrastructure portfolio.

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

Energy World Corporation Swings to Half-Year Loss Amid Going-Concern Uncertainty

Energy World Corporation Ltd has swung to a loss for the half-year ended 31 December 2025, posting a US$14.5 million loss attributable to owners compared with a US$368.1 million profit a year earlier, driven by negative results from both continuing and discontinued operations. Despite the earnings downturn and the continued absence of dividends, net tangible assets per share rose to 18.83 cents from 10.43 cents, while auditors issued an unqualified review opinion that highlighted a material uncertainty related to the company’s ability to continue as a going concern, underscoring ongoing financial and operational risks for investors and other stakeholders.

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

Energy World cuts debt to zero and advances Pagbilao LNG power project

Energy World Corporation has materially strengthened its balance sheet by converting USD434 million of debt to equity, leaving the group with no external debt and enabling a renewed strategic focus on completing its Pagbilao gas-fired power plant and LNG terminal in the Philippines. Over the December quarter, it advanced technical and financial preparations for a planned project-level capital raising, including successful borescope inspections of the Pagbilao turbines with no major defects found, engagement of Manila-based consultants to validate operational and financial models, and securing land for the project’s transmission line, while also progressing discussions in Indonesia, selling non-core land in Australia, and completing an executive transition with a new CEO and CFO in place and long-time executive Brian Allen moving to a non-executive director role.

The most recent analyst rating on (AU:EWC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Energy World Corporation Ltd stock, see the AU:EWC Stock Forecast page.

Energy World Corporation Director Increases Stake

Energy World Corporation Ltd announced a change in the interest of one of its directors, John Gordon Phipps, who acquired an additional 1,000,000 securities through an on-market trade, increasing his total holdings to 177,943,462 shares. This acquisition, valued at $58,000, reflects a strategic move that could impact the company’s market positioning and stakeholder interests by potentially enhancing investor confidence and indicating a positive outlook for the company’s future performance.

The most recent analyst rating on (AU:EWC) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Energy World Corporation Ltd stock, see the AU:EWC Stock Forecast page.