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Tempo Australia Ltd (AU:H2G)
ASX:H2G
Australian Market

Tempo Australia Ltd (H2G) AI Stock Analysis

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AU:H2G

Tempo Australia Ltd

(Sydney:H2G)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
AU$0.01
▲(30.00% Upside)
Action:ReiteratedDate:03/15/26
The score is held down primarily by sustained losses and ongoing operating/free-cash-flow burn, despite a low-debt balance sheet. Technicals add only modest support (near-oversold but negative MACD), while valuation is constrained by the negative P/E and lack of dividend yield.
Positive Factors
Low Leverage
Tempo's very low leverage materially reduces near-term solvency risk and preserves financing optionality. Over a 2–6 month horizon this durable cushion allows management to pursue restructuring, fund operating needs, or raise debt on better terms without immediate distress.
2025 Revenue Rebound
A sharp revenue rebound in 2025 versus 2024 indicates recovering demand and topline momentum. If management can stabilize gross margins and control operating costs, this larger revenue base could be scaled into improved earnings over several quarters, supporting a durable recovery.
Sizeable Equity Buffer
A sizeable equity base relative to minimal debt provides a meaningful buffer against continued losses and supports solvency. This capital cushion gives the company time to execute turnaround initiatives, absorb short-term cash burn and access capital on less distressed terms.
Negative Factors
Sustained Losses
The company reported multi-year operating and net losses from 2021–2025 with deeply negative margins, eroding retained capital. Persisting losses limit reinvestment in product, R&D or distribution and make a sustainable turnaround contingent on structural margin improvement.
Persistent Cash Burn
Operating and free cash flow were negative across 2021–2025, signaling persistent cash burn. Continued negative cash generation forces reliance on external financing or equity raises, constraining strategic flexibility and raising the risk of dilution if cash burn is not arrested.
Negative ROE
Returns on equity being materially negative for several years reflects poor capital efficiency and weak earnings power. Negative ROE indicates shareholders' capital is not being productively deployed and increases the risk that ongoing losses will erode equity or force dilutive recapitalization.

Tempo Australia Ltd (H2G) vs. iShares MSCI Australia ETF (EWA)

Tempo Australia Ltd Business Overview & Revenue Model

Company DescriptionGreenhy2 Limited operates as a designer and provider of renewable energy solutions in Australia. It operates through Asset Maintenance and Service; and Construction & Electrical Project Work segments. The company offers shutdown services; preventative maintenance services, such as switchboard inspections, thermographic scanning, generator servicing, lightning protection, power factor correction, and UPS maintenance; and compliance services, including RCR testing, emergency exit lighting, appliance test and tagging, failure point analysis, auditing, and certification. It also provides planned and reactive maintenance services comprising emergency breakdown, lighting repairs, automation, minor works/small projects, CTV/MATV, and data and communication; and project services to manage electrical, instrumentation, and communication projects. The company was formerly known as Tempo Australia Limited and changed its name to Greenhy2 Limited in November 2022. Greenhy2 Limited was incorporated in 2000 and is based in Sydney, Australia.
How the Company Makes Moneynull

Tempo Australia Ltd Financial Statement Overview

Summary
Overall fundamentals are weak: income statement shows multi-year operating and net losses (2021–2025) with negative margins, and cash flow is consistently negative (operating and free cash flow). The main offset is a conservative balance sheet with very low leverage, which reduces near-term solvency risk but does not fix ongoing unprofitability and cash burn.
Income Statement
18
Very Negative
Profitability is weak across the period, with consistent operating and net losses from 2021–2025 (annual), including deeply negative margins in 2024 and still very negative margins in 2025 (annual). Revenue rebounded sharply in 2025 (annual) versus 2024, but the company did not translate that rebound into improved earnings power, as gross profit turned negative and losses remained roughly the same magnitude. The only clear profitable year shown is 2020 (annual), which appears non-recurring given subsequent multi-year losses.
Balance Sheet
62
Positive
Leverage is low, with debt-to-equity consistently around ~0.01–0.02 in recent years, which reduces financial risk and provides flexibility. However, returns on equity are materially negative from 2021–2025 (annual), reflecting ongoing losses and weak capital efficiency. Equity remains sizeable relative to debt, but continued losses could pressure the balance sheet over time if not reversed.
Cash Flow
24
Negative
Cash generation is a key concern: operating cash flow and free cash flow are negative from 2021–2025 (annual), indicating the core business is consuming cash rather than funding itself. While free cash flow to net income is generally above 1.0 in the loss years (suggesting losses are not purely non-cash), cash burn remains substantial, and operating cash flow relative to net income is negative in those periods. 2020 (annual) was positive for both operating cash flow and free cash flow, but the trend since then has deteriorated.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.33M43.11K139.84K292.82K14.98M
Gross Profit-263.71K43.11K139.84K-2.10M11.99M
EBITDA-971.27K-1.14M-1.73M-2.41M-261.44K
Net Income-974.35K-1.16M-1.75M-2.51M-4.22M
Balance Sheet
Total Assets3.42M3.48M3.38M5.24M10.83M
Cash, Cash Equivalents and Short-Term Investments676.46K1.04M1.00M2.25M3.97M
Total Debt41.91K43.03K49.19K49.92K1.06M
Total Liabilities576.80K653.44K377.54K483.73K4.72M
Stockholders Equity2.85M2.83M3.00M4.75M6.11M
Cash Flow
Free Cash Flow-833.20K-793.51K-1.25M-3.41M-2.27M
Operating Cash Flow-831.17K-551.91K-426.62K-2.55M-1.26M
Investing Cash Flow-532.05K-241.59K-821.12K-103.60K-176.00K
Financing Cash Flow988.29K832.50K-729.00930.47K-1.23M

Tempo Australia Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
$17.65B18.105.60%3.62%6.62%11.55%
62
Neutral
AU$8.94M-6.82-3.38%4.00%3.94%45.76%
48
Neutral
AU$9.18M-5.64-32.64%47.06%
43
Neutral
AU$5.53M-0.44-4.55%-39.95%-220.00%
38
Underperform
AU$8.50M-0.4655.70%-37.44%10.36%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:H2G
Tempo Australia Ltd
0.01
>-0.01
-40.00%
AU:RFT
Rectifier Technologies Ltd
AU:FOS
FOS Capital Ltd
0.13
-0.16
-55.17%
AU:EGY
Energy Technologies Limited
0.02
-0.02
-46.88%

Tempo Australia Ltd Corporate Events

GreenHy2 sets date and timetable for 2026 AGM
Mar 12, 2026

GreenHy2 Limited, a listed Australian engineering firm specialising in advanced renewable energy storage technologies such as hydrogen storage, supercapacitor batteries and fuel cells, continues to position itself as a key innovator in the clean energy sector. Its integrated solutions span equipment, digital interfaces and maintenance support for renewable energy applications.

The company has scheduled its 2026 Annual General Meeting for 30 April 2026, with 19 March 2026 set as the deadline for director nomination submissions. Shareholders will receive a detailed notice later in March outlining the AGM agenda and venue, signalling routine but important governance milestones for investors and potential board candidates.

The most recent analyst rating on (AU:H2G) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Tempo Australia Ltd stock, see the AU:H2G Stock Forecast page.

GreenHy2 clarifies capital structure and small-holder base in ASX disclosure
Mar 9, 2026

GreenHy2 Limited has provided additional shareholding information to supplement its 2025 annual report, detailing its 764,661,199 fully paid ordinary shares and 26,303,945 unquoted performance rights on issue. The company disclosed that just two holders account for all performance rights, with the bulk concentrated in one large holding, underscoring a tightly held incentive structure with no voting rights attached.

GreenHy2 also reported that, as of 6 March 2026, 918 shareholders hold less than a marketable parcel of ordinary shares, based on a closing share price of $0.008 and a minimum parcel size of 62,500 shares. The updated disclosure clarifies the company’s capital structure and small-holder profile, offering investors a clearer view of ownership concentration and equity liquidity in the renewable energy engineering group.

The most recent analyst rating on (AU:H2G) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Tempo Australia Ltd stock, see the AU:H2G Stock Forecast page.

GreenHy2 files Appendix 4G, confirms updated ASX governance compliance
Feb 26, 2026

GreenHy2 Limited has lodged its Appendix 4G with the ASX for the year ended 31 December 2025, confirming that its updated corporate governance statement is available on its website and current as of 26 February 2026. The filing outlines the company’s adherence to key ASX Corporate Governance Council recommendations, including maintaining a formal board charter, conducting checks on directors and senior executives, and ensuring the company secretary reports directly to the board, underscoring its focus on transparent oversight and compliance.

The disclosures indicate GreenHy2 has implemented written agreements with all directors and senior executives and has aligned its governance practices with ASX requirements for annual reporting. By clearly mapping where its governance information can be found and affirming board approval of the statement, the company provides investors with greater visibility into its management framework, which may support stakeholder confidence in its governance standards and regulatory compliance.

The most recent analyst rating on (AU:H2G) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Tempo Australia Ltd stock, see the AU:H2G Stock Forecast page.

GreenHy2 Narrows Loss as It Pivots From Hydrogen to Battery and Supercapacitor Technologies
Feb 26, 2026

GreenHy2 Limited reported a 1,411% jump in revenue and other income for the year to 31 December 2025, largely driven by government grants that funded its research and development, while narrowing its net loss after tax by 16% to $974,347. Despite a 36% fall in year-end cash to $666,457, a subsequent capital raising lifted available cash to about $1.1 million, though net tangible asset backing per share halved to 0.07 cents.

During the year the company executed a major strategic shift, expanding beyond its original hydrogen offerings to prioritise PowerSafe sodium-ion and LFP battery systems and high-tech supercapacitors, as sentiment toward hydrogen’s role in the energy transition weakened. Hydrogen has been relegated to a secondary product line, with GreenHy2 positioning its battery and supercapacitor portfolio as core growth drivers across residential, commercial, industrial, utility and data-centre markets.

The most recent analyst rating on (AU:H2G) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Tempo Australia Ltd stock, see the AU:H2G Stock Forecast page.

GreenHy2 Raises Equity via Placement to Institutional and Sophisticated Investors
Feb 11, 2026

GreenHy2 Limited has raised capital by issuing 69,931,207 fully paid ordinary shares at $0.009 each to institutional and sophisticated investors under a placement using its existing ASX Listing Rule 7.1 capacity. The company confirmed the shares were issued without a disclosure document under Part 6D.2 of the Corporations Act and stated it is compliant with its financial reporting and continuous disclosure obligations, with no excluded information, providing comfort to investors about regulatory transparency and governance.

The placement strengthens GreenHy2’s financial position as it advances its portfolio of renewable energy storage technologies, spanning graphene-based batteries, hydrogen storage, and fuel cell systems. By tapping institutional and sophisticated investors while affirming ongoing Corporations Act compliance, GreenHy2 reinforces its standing as a key Australian innovator in renewable energy engineering and signals continuity in its strategic development activities.

The most recent analyst rating on (AU:H2G) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Tempo Australia Ltd stock, see the AU:H2G Stock Forecast page.

Greenhy2 Seeks ASX Quotation for 69.9 Million New Shares
Feb 11, 2026

Greenhy2 Limited has applied to the ASX for quotation of 69,931,207 new fully paid ordinary shares under the ticker H2G, with an issue date of 10 February 2026. The move significantly expands the company’s quoted share base and reflects the formalisation of securities previously flagged to the market, potentially enhancing liquidity for investors and supporting the funding of its hydrogen‑focused growth plans.

The application under Appendix 2A confirms that these securities arise from transactions earlier outlined in an Appendix 3B, signalling the conversion of prior commitments into tradable equity. For stakeholders, the enlarged capital structure may dilute existing holdings but could also provide Greenhy2 with a stronger platform for capital raising and execution of its clean energy strategy as it seeks to strengthen its market position.

The most recent analyst rating on (AU:H2G) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Tempo Australia Ltd stock, see the AU:H2G Stock Forecast page.

GreenHy2 plans ASX share placement of up to 6.9 million shares
Feb 9, 2026

GreenHy2 Limited has notified the ASX of a proposed issue of up to 6,901,126 ordinary fully paid shares, to be undertaken as a placement or similar type of capital raising. The new securities are expected to be issued on 22 May 2026, reinforcing the company’s reliance on equity markets to fund its activities and potentially affecting existing shareholders through dilution while providing fresh capital for its operations.

The company has applied for the new shares to be quoted on the ASX in accordance with the exchange’s listing rules and standard Appendix processes. This step formalises GreenHy2’s intention to expand its listed capital base, positioning it to access additional investor demand and potentially improve liquidity in its stock once the issue is completed.

The most recent analyst rating on (AU:H2G) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Tempo Australia Ltd stock, see the AU:H2G Stock Forecast page.

Greenhy2 plans major share placement with nearly 28 million new shares
Feb 9, 2026

Greenhy2 Limited has notified the ASX of its intention to issue up to 27,777,778 new ordinary fully paid shares under a proposed placement or similar equity offering. The proposed issue is scheduled for 22 May 2026 and will be quoted under the company’s existing H2G ticker, subject to ASX requirements.

The share issue signals a planned capital raising that could support Greenhy2’s future growth initiatives, balance sheet needs, or project funding, though specific use of proceeds is not disclosed. Existing shareholders may face dilution depending on the final pricing and allocation, while the placement could broaden the company’s investor base and enhance its market visibility.

The most recent analyst rating on (AU:H2G) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Tempo Australia Ltd stock, see the AU:H2G Stock Forecast page.

GreenHy2 plans major share placement to fund hydrogen growth
Feb 9, 2026

GreenHy2 Limited has lodged an Appendix 3B with the ASX outlining a proposed issue of up to 69,931,207 new fully paid ordinary shares. The securities are to be issued via a placement or similar mechanism, with the issue date recorded as 10 February 2026, indicating a substantial prospective capital raising that could support the company’s hydrogen-focused growth plans and broaden its shareholder base.

The planned placement underscores GreenHy2’s need for fresh equity funding as it pursues opportunities in the hydrogen energy market. While pricing and use of proceeds were not disclosed, the scale of the proposed issuance suggests potential dilution for existing investors, balanced against the prospect of enhanced financial capacity to advance projects and strengthen its competitive position in the sector.

The most recent analyst rating on (AU:H2G) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Tempo Australia Ltd stock, see the AU:H2G Stock Forecast page.

GreenHy2 Books First Sodium-Ion Revenue as Pipeline Builds and Telstra Project Nears Completion
Jan 30, 2026

GreenHy2 reported its first revenue from sodium‑ion battery sales in the December quarter and said its residential sales pipeline for sodium‑ion products has grown to about $2 million, supported by three new product‑focused websites. The company is prioritising the build‑out of national distribution and installation capabilities, pursuing Clean Energy Council certification for sodium‑ion systems, and leveraging its strategic partnership with Skeleton Technologies to win data centre and critical infrastructure projects, while the Telstra TDRIP rollout nears completion and positions H2G for further hydrogen, sodium‑ion and supercapacitor work.

The most recent analyst rating on (AU:H2G) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Tempo Australia Ltd stock, see the AU:H2G 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: Mar 15, 2026