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Elixinol Wellness (AU:EXL)
ASX:EXL

Elixinol Wellness (EXL) AI Stock Analysis

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AU:EXL

Elixinol Wellness

(Sydney:EXL)

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Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
The score is held back primarily by ongoing unprofitability and negative operating/free cash flow despite strong revenue growth. Technicals also remain weak with price below key moving averages and a negative MACD, while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Strong Revenue Growth
Sustained high revenue growth indicates successful market penetration and product demand in the CBD wellness sector. Over 80% growth provides a larger top line to scale gross margins, supports channel expansion and product investment, and underpins path to eventual profitability if operating leverage is realized.
Conservative Capital Structure
Low debt-to-equity gives the company financial flexibility and lowers insolvency risk, allowing investment in growth and product development without heavy interest burden. This conservatism supports resilience through regulatory or market cycles common in the hemp/CBD industry.
Diversified Revenue Channels
A mix of DTC, wholesale and subscription/licensing channels reduces single-channel risk, improves customer acquisition options, and supports recurring revenue. This multi-channel model helps stabilize sales across regions and retail partners and enables scalable marketing/fulfillment strategies.
Negative Factors
Persistent Unprofitability
Ongoing negative operating and net margins show core operations are not yet self-sustaining. Without durable margin improvement, the business will need continued external funding, constraining reinvestment and increasing execution risk as it scales in a competitive CBD market with pricing pressure.
Negative Operating and Free Cash Flow
Continued negative OCF and FCF imply the business does not generate internal cash to fund growth or support operations, increasing reliance on external financing. This weakens liquidity resilience and can limit strategic investments or response to regulatory and market shifts over the medium term.
Declining Equity Ratio
A falling equity ratio signals erosion of book equity and potential asset contraction, reducing financial buffer for downturns. Over time this can limit borrowing capacity, restrict strategic flexibility, and increase vulnerability to industry headwinds or adverse regulatory developments.

Elixinol Wellness (EXL) vs. iShares MSCI Australia ETF (EWA)

Elixinol Wellness Business Overview & Revenue Model

Company DescriptionElixinol Wellness Limited, through its subsidiaries, manufactures and distributes hemp derived nutraceuticals, cosmetics, and food products under the Elixinol and Hemp Foods Australia brands in the Americas, Europe, and Australia. It offers hemp derived cannabidiol and food products, dietary supplements, topicals, and skincare products. The company was formerly known as Elixinol Global Limited and changed its name to Elixinol Wellness Limited in May 2021. The company was incorporated in 2017 and is headquartered in Sydney, Australia.
How the Company Makes MoneyElixinol Wellness generates revenue primarily through the sale of its hemp-derived CBD products, which are marketed to both retail consumers and wholesale clients. The company's revenue model includes direct-to-consumer sales via their online platform, as well as partnerships with various retailers and distributors across multiple countries. Key revenue streams include product sales, subscription services for repeat customers, and potential licensing agreements for their proprietary formulations. Additionally, Elixinol may benefit from strategic collaborations with other wellness brands and health practitioners to expand their market reach and enhance brand visibility, contributing further to their earnings.

Elixinol Wellness Financial Statement Overview

Summary
Elixinol Wellness shows strong revenue growth of 80.88%, but remains unprofitable with negative EBIT and net income margins. The balance sheet is stable with a low debt-to-equity ratio of 0.19, but declining equity levels. Cash flow is negative, indicating reliance on external financing.
Income Statement
Elixinol Wellness shows a significant improvement in revenue, with a growth rate of 80.88% from 2023 to 2024. However, the company remains unprofitable, with negative EBIT and net income margins, indicating ongoing operational challenges. Gross profit margin is positive but needs improvement to achieve sustained profitability.
Balance Sheet
The company's debt-to-equity ratio remains low at 0.19, indicating a conservative capital structure with manageable debt levels. However, the equity ratio has decreased over time, reflecting a reduction in total assets and equity. Overall, the balance sheet shows stability but requires careful management to improve equity levels.
Cash Flow
The operating cash flow remains negative, indicating the company is not yet generating cash from its operations. Free cash flow is also negative, although there is a slight improvement in free cash flow growth. The company relies on financing to support its cash needs, suggesting a need for improved cash management.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue15.85M14.96M8.27M7.05M9.34M15.01M
Gross Profit5.59M5.36M-1.80M-3.27M-6.25M-9.58M
EBITDA-5.00M-4.01M-6.81M-9.28M-15.51M-95.94M
Net Income-2.06M-1.72M-7.51M-10.57M-17.02M-104.51M
Balance Sheet
Total Assets16.58M18.45M11.71M13.48M25.33M42.47M
Cash, Cash Equivalents and Short-Term Investments1.09M1.08M708.00K2.86M12.65M27.74M
Total Debt3.10M1.94M1.26M1.83M2.71M2.74M
Total Liabilities9.61M8.42M5.25M4.33M6.25M6.82M
Stockholders Equity6.96M10.03M6.46M9.16M19.08M35.65M
Cash Flow
Free Cash Flow-2.73M-3.53M-2.77M-8.16M-14.36M-22.95M
Operating Cash Flow-2.71M-3.47M-2.76M-8.15M-14.07M-22.62M
Investing Cash Flow-516.00K-66.00K-1.04M-869.00K172.00K2.55M
Financing Cash Flow2.76M3.92M1.61M-757.00K-1.16M27.55M

Elixinol Wellness Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.01
Price Trends
50DMA
0.01
Negative
100DMA
0.01
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
50.85
Neutral
STOCH
88.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EXL, the sentiment is Neutral. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.85 is Neutral, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:EXL.

Elixinol Wellness Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
49
Neutral
AU$4.76M-1.20-26.84%36.60%85.28%
46
Neutral
AU$11.75M-1.79-469.43%-1.25%-188.33%
39
Underperform
AU$17.47M-0.26-401.36%-26.49%61.72%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EXL
Elixinol Wellness
0.01
-0.03
-73.17%
AU:CAN
Cann Group
0.01
-0.03
-71.05%
AU:EPN
Epsilon Healthcare Limited
0.03
<0.01
29.17%

Elixinol Wellness Corporate Events

Elixinol Director Gavin Evans Increases Indirect Shareholding via On‑Market Trades
Jan 1, 2026

Elixinol Wellness Limited has disclosed a change in the relevant interests of director Gavin Evans, in line with ASX listing rule 3.19A.2 reporting requirements. The director, via a superannuation fund account, acquired 397,010 fully paid ordinary shares in on‑market trades on 19 and 30 December 2025 for a total consideration of $3,820.85, increasing his indirect holding from 7,407,407 to 7,804,417 shares, while his existing 50,000,000 unlisted options remain unchanged. The transactions, which did not occur during a closed trading period, modestly increase Evans’ equity exposure to the company, incrementally aligning his interests with those of other shareholders and signaling continued personal investment in Elixinol Wellness.

The most recent analyst rating on (AU:EXL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Elixinol Wellness stock, see the AU:EXL Stock Forecast page.

Elixinol Wellness Appoints RSM Australia as New Auditor After BDO Resigns
Dec 19, 2025

Elixinol Wellness has announced a change of auditor following the Australian corporate regulator’s consent to the resignation of BDO Audit, which stepped down effective 18 December 2025 without identifying any reportable matters linked to its departure. The board has appointed RSM Australia as the company’s new auditor, with the move to be put to shareholders for ratification at the next annual general meeting, signalling a routine governance transition rather than a response to financial or compliance concerns.

The most recent analyst rating on (AU:EXL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Elixinol Wellness stock, see the AU:EXL Stock Forecast page.

Elixinol Wellness Revises Terms for The Healthy Chef to Strengthen Market Focus
Dec 18, 2025

Elixinol Wellness has revised the acquisition terms for its subsidiary, The Healthy Chef, following the withdrawal of a major US distribution partner, resulting in reduced liabilities and enhanced liquidity by A$1 million. With a focus on the Australian market, supported by strong growth performance in November, Elixinol is aligning investments toward higher-margin opportunities and positioning itself for long-term sustainable growth and improved shareholder value.

The most recent analyst rating on (AU:EXL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Elixinol Wellness stock, see the AU:EXL Stock Forecast page.

Elixinol Wellness Reveals Top Option Holders
Dec 9, 2025

Elixinol Wellness Limited has released a report detailing the top holders of its listed options, which are priced at $0.02 and have a two-year expiration from the issue date. The report highlights that 10 Bolivianos Pty Ltd holds the largest share at 15.54%, followed by another significant holding of 13.54% by the same entity. This information provides insights into the company’s shareholder structure and potential influence on its strategic decisions.

The most recent analyst rating on (AU:EXL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Elixinol Wellness stock, see the AU:EXL Stock Forecast page.

Elixinol Wellness Applies for Quotation of New Securities
Dec 9, 2025

Elixinol Wellness Limited has announced a new application for the quotation of securities on the ASX, with a total of 218,796,310 options expiring on October 23, 2027, set to be issued on November 25, 2025. This move is likely to impact the company’s market presence and could influence investor sentiment as it expands its financial instruments.

The most recent analyst rating on (AU:EXL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Elixinol Wellness stock, see the AU:EXL Stock Forecast page.

Elixinol Wellness Appoints New Director with Significant Stake
Dec 9, 2025

Elixinol Wellness Limited has announced the appointment of Gavin Evans as a director, effective December 2, 2025. Evans holds 50,000,000 unlisted options and 7,407,407 fully paid ordinary shares, indicating a significant stake in the company. This appointment may influence the company’s strategic direction and could impact its market positioning, potentially affecting stakeholders’ interests.

The most recent analyst rating on (AU:EXL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Elixinol Wellness stock, see the AU:EXL Stock Forecast page.

Elixinol Wellness Appoints Gavin Evans as New Chair Amid Strategic Shift
Dec 2, 2025

Elixinol Wellness has announced the resignation of David Fenlon as Chair of the Board, with Gavin Evans stepping in as the new Independent Non-Executive Chair. Evans, who has a strong background in building profitable wellness businesses, has been a strategic adviser to Elixinol and is expected to drive the company’s transformation agenda towards profitability. His leadership is anticipated to enhance operational discipline and growth, benefiting stakeholders and supporting the company’s strategic goals.

The most recent analyst rating on (AU:EXL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Elixinol Wellness stock, see the AU:EXL Stock Forecast page.

Elixinol Wellness Announces Cessation of Securities
Nov 25, 2025

Elixinol Wellness Limited announced the cessation of 190,973 securities due to the expiry of options without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.

Elixinol Wellness to Quote Over 136 Million Securities on ASX
Nov 21, 2025

Elixinol Wellness Limited has announced the quotation of 136,996,310 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with its securities.

Elixinol Wellness Secures Shareholder Approval for Key Resolutions
Nov 10, 2025

Elixinol Wellness Ltd held a General Meeting where shareholders approved several resolutions, including the ratification of prior issue of Tranche 1 Placement Shares and the approval to issue Tranche 2 Placement Shares. These approvals are expected to support the company’s capital structure and facilitate further growth opportunities, enhancing its market position and potentially benefiting stakeholders.

Elixinol Wellness Announces Rescheduled Extraordinary General Meeting
Nov 7, 2025

Elixinol Wellness Ltd has announced a reminder for its shareholders about an upcoming extraordinary general meeting scheduled for 10 November 2025. The meeting, initially set for 31 October 2025, has been rescheduled, and shareholders have been provided with an amended Notice of Meeting, Access Letter, and Proxy Form. Proxy voting will close on 8 November 2025, but shareholders can still vote by attending the meeting directly. This meeting is crucial for stakeholders as it provides an opportunity to engage with the company’s strategic direction and decisions.

Elixinol Wellness Boosts Margins and Prepares for Growth
Oct 31, 2025

Elixinol Wellness reported a Q3 revenue of $3.8 million, maintaining its previous year’s performance due to strategic portfolio rationalization. The company achieved a 300 basis point increase in gross margin, driven by e-commerce and core brands, and is implementing cost-reduction measures to enhance operational efficiency. A capital raise of $2.5 million is supporting growth and margin initiatives, with Hemp Foods Australia experiencing its strongest quarter and The Healthy Chef anticipating a rebound in Q4.

Elixinol Wellness Limited Announces New Options Offer for Select Investors
Oct 30, 2025

Elixinol Wellness Limited has issued a prospectus for the offer of new options to select investors, including up to 1 new option for every new share issued to invited placement investors and 35,000,000 new options to the lead manager for capital raising and advisory services. The offers are not open to the general public, and applications can only be made by invited investors. This move is part of Elixinol’s strategy to raise capital and enhance its market positioning, although the investment is considered speculative and involves risks.

Elixinol Wellness Postpones Extraordinary General Meeting Due to Administrative Error
Oct 10, 2025

Elixinol Wellness Ltd has postponed its Extraordinary General Meeting originally scheduled for 31 October 2025 to 11 November 2025 due to an administrative error by the share registrar, which failed to notify certain shareholders within the statutory timeframes. The company is committed to ensuring all shareholders have a fair opportunity to participate and vote, and will issue a new Notice of Meeting and related documents. This postponement underscores Elixinol’s dedication to transparency and shareholder engagement, despite the inconvenience caused.

Elixinol Wellness Cancels Previous Securities Announcement
Oct 10, 2025

Elixinol Wellness Limited announced the cancellation of a previous securities issuance announcement due to the expiration of the offer period associated with a cleansing prospectus. This decision reflects the company’s adherence to regulatory requirements and impacts its operational plans regarding the proposed non-pro rata offer of securities.

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: Jan 07, 2026