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State Gas Ltd.
(Sydney:GAS)
State Gas Ltd. (GAS) vs. iShares MSCI Australia ETF (EWA)
State Gas Ltd. Business Overview & Revenue Model
State Gas Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 128.49K | 111.96K | 17.41K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -506.15K | 111.96K | -313.00K | -293.00K | -209.00K | -3.56K |
| EBITDA | -3.32M | -2.85M | -3.21M | -895.48K | 1.55M | -2.94M |
| Net Income | -4.23M | -3.28M | -3.63M | -1.19M | 1.34M | -2.95M |
Balance Sheet | ||||||
| Total Assets | 50.24M | 51.21M | 48.32M | 40.91M | 33.88M | 29.54M |
| Cash, Cash Equivalents and Short-Term Investments | 49.35K | 2.16M | 31.75K | 453.35K | 3.23M | 3.16M |
| Total Debt | 1.59M | 1.79M | 2.14M | 200.00K | 0.00 | 0.00 |
| Total Liabilities | 6.43M | 8.55M | 8.01M | 4.31M | 2.58M | 4.36M |
| Stockholders Equity | 43.80M | 42.66M | 40.32M | 36.61M | 31.30M | 25.18M |
Cash Flow | ||||||
| Free Cash Flow | -8.76M | -8.77M | -10.84M | -10.59M | -7.41M | -11.79M |
| Operating Cash Flow | -2.58M | -2.55M | -2.13M | -1.33M | -1.20M | -1.10M |
| Investing Cash Flow | -5.65M | -189.00K | -7.41M | -8.31M | -6.24M | -11.03M |
| Financing Cash Flow | 6.75M | 4.87M | 9.11M | 6.87M | 7.50M | 14.42M |
State Gas Ltd. Technical Analysis
State Gas Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | AU$22.62M | ― | -13.12% | ― | -13.55% | -8.96% | |
51 Neutral | AU$10.86M | -24.29 | -3.11% | ― | 7.09% | -275.00% | |
49 Neutral | AU$12.18M | ― | -7.92% | ― | ― | 16.52% | |
39 Underperform | AU$4.26M | ― | -147.07% | ― | ― | -36.92% | |
39 Underperform | AU$8.35M | ― | -15.46% | ― | -9.56% | 87.68% | |
34 Underperform | ― | ― | ― | ― | ― | ― |
State Gas Ltd. Corporate Events
State Gas Limited held its Annual General Meeting on November 20, 2025, where all resolutions were passed by poll. Key resolutions included the adoption of the remuneration report and the re-election of directors Mr. Philip St Baker, Mr. Greg Baynton, and Mr. Jon Stretch. Additionally, the approval of a 10% placement capacity was secured, indicating strong shareholder support and positioning the company for potential future capital raising activities.
State Gas Ltd. has provided an update on its gas projects, highlighting the contingent resource estimates for its Reid’s Dome and Rougemont Gas Projects, as well as its interests in ATP 2068 and ATP 2069. The company is focusing on addressing contingencies to confirm the commercial viability of these resources, which could potentially be reclassified as reserves. This development is crucial for State Gas’s strategic positioning in the energy market, as it seeks to capitalize on its gas exploration and production capabilities.
State Gas Ltd. has announced a significant milestone with the conversion of 30 petajoules of contingent resources into 2P reserves at its Rolleston West Project. This development underpins the economic viability of a substantial gas project, valued between $360 million and $510 million, and opens up new funding and partnership opportunities. The company is focused on advancing project development milestones, including infrastructure studies and commercial discussions with potential gas offtakers. The positive macroeconomic outlook for energy markets in Australia, coupled with the company’s pioneering technology, positions State Gas well to address the east-coast gas shortfall and support the transition to renewable energy.
State Gas Limited has announced the independent certification of a maiden 2P gas reserve of 30.2 petajoules for its Rolleston West Project in central Queensland. This certification marks a significant milestone for the company, providing a strong economic foundation for future project development, including pipeline infrastructure and gas sales agreements. The reserve certification, conducted by Netherland, Sewell & Associates, Inc., validates the company’s geological work and production testing, and supports their High Density Natural Gas strategy. The project is expected to have a gross economic value between $360 million and $510 million, with potential for further upside from ongoing exploration.
State Gas Limited announced the late lodgement of Appendix 3Y notices due to an administrative oversight, confirming no changes to directors’ holdings other than the lapse of options. The company has implemented additional checks to prevent future occurrences and remains committed to compliance with ASX Listing Rules. This announcement emphasizes State Gas’s dedication to maintaining operational integrity and transparency, reinforcing its position in the energy market.
State Gas Limited has made significant progress in its Rolleston West project, advancing towards a maiden 2P reserve certification with independent verification. The company’s strategic initiatives include engaging with potential HDNG customers and exploring monetization options for its gas discoveries. The establishment of a 2P reserve is expected to bolster the company’s project economics, facilitate infrastructure negotiations, and support financing solutions, positioning State Gas as a competitive player in the CSG market.
State Gas Limited has announced its upcoming Annual General Meeting, scheduled for November 20, 2025, in Brisbane. The meeting will address several key items, including the consideration of the company’s annual financial report and the adoption of the Remuneration Report. Additionally, shareholders will vote on the re-election of Mr. Philip St Baker as a director. The outcomes of these discussions and votes are crucial for the company’s governance and strategic direction.
State Gas Limited has announced its 2025 Annual General Meeting will be held on November 20, 2025. The company is advancing its operations with innovative solutions like the virtual pipeline to transport compressed gas and the HDNG Facility to deliver pipeline-quality natural gas. These initiatives aim to enhance the company’s market position by providing environmental benefits, new market paths, and flexible gas access for end users, aligning with the transition to renewable energy.
State Gas Limited has released its 2025 Corporate Governance Statement, emphasizing its commitment to high governance standards in alignment with the ASX Corporate Governance Council’s Principles. The statement outlines the company’s governance policies, including board roles, director election procedures, and diversity initiatives, highlighting a lack of gender diversity in its workforce. This governance framework is designed to ensure transparency and accountability, which are crucial for the company’s long-term sustainability and performance.
State Gas Ltd. has released its annual report for the fiscal year ending June 30, 2025. The report outlines the company’s operations, significant changes in its affairs, and expected future developments. It also includes a review of environmental regulations and corporate governance practices. The report is crucial for stakeholders as it provides insights into the company’s operational performance and strategic direction.
State Gas Limited has responded to an ASX price query, stating that it is unaware of any undisclosed information that could explain recent trading activity in its securities. The company confirms compliance with ASX Listing Rules and that its board has authorized the responses, indicating no internal issues affecting its market operations.