Helios Energy Ltd (HE8) AI Stock Analysis

• Market Cap: AU$33.04M
• Dividend Yield: N/A
• Average Volume (3M): 839.22K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.06
• Revenue Growth: -86.80%
• EPS Growth: 27.78%
• Country: AU
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 3,303,575,000
• 10 Day Avg. Volume: 758,015
• 30 Day Avg. Volume: 839,218
• PEG Ratio: 0.62
• Price to Book (P/B): 1.31
• Price to Sales (P/S): 542.66
• P/FCF Ratio: -22.66
• 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: 42 Neutral
• Price Target: AU$0.01 ▲(10.00% Upside)

The score is primarily constrained by weak financial performance—ongoing losses (negative margins) and negative operating/free cash flow despite revenue growth and improving free cash flow trend. Technical signals also lean bearish with negative MACD and price below longer-term moving averages. Valuation offers limited support due to a negative P/E and no dividend yield provided.

Positive Factors

Stable revenue via PPAs

Long-term contract sales and PPAs provide predictable, contract-backed cash flows and reduce merchant price exposure. This stability improves project bankability and supports financing for new solar/storage assets, enabling steadier capacity expansion and operational planning over months.

Healthy top-line growth

Sustained ~30% revenue growth indicates successful project deployment or rising offtake, showing commercial traction. Continued top-line expansion can deliver scale benefits, improve supplier terms and support future investment, provided management converts growth into recurring operating cash flow.

Conservative capital structure

A low debt burden reduces fixed financial obligations and enhances resilience to cyclical weak periods in power prices or project delays. This conservative leverage profile improves access to project finance on favorable terms and lowers refinancing risk during multi-quarter development cycles.

Negative Factors

Persistent negative margins

Negative gross through net margins show the business is not yet operationally profitable. Structural unprofitability erodes shareholder value and limits the firm's ability to internally fund growth; without sustained margin improvement, the company must rely on external capital to scale.

Negative operating & free cash flow

Ongoing negative operating and free cash flows indicate cash burn despite recent FCF improvement. Persistent cash deficits constrain reinvestment in projects, force dependence on equity or debt raises, and raise dilution and liquidity risks if the firm cannot convert revenue growth into positive operating cash.

Negative return on equity

A negative ROE signals the company is destroying rather than creating shareholder capital. Over time this undermines investor confidence, makes equity financing more costly, and suggests operational returns do not cover capital costs unless the firm improves profitability or asset utilization.

Helios Energy Ltd Business Overview & Revenue Model

Company Description

Helios Energy Limited operates as an onshore oil and gas exploration company in the United States. It holds 70% working interest in Presidio Oil project comprising 4 wells covering an area of approximately 59,984 gross acres located in Presidio County, Texas. The company was formerly known as New Horizon Coal Limited and changed its name to Helios Energy Limited in April 2017. Helios Energy Limited is headquartered in West Perth, Australia.

How the Company Makes Money

Helios Energy Ltd generates revenue through multiple streams, primarily from the sale of electricity produced by its solar power installations. The company enters into power purchase agreements (PPAs) with various customers, including commercial and industrial clients, which provide a stable income source. Additionally, Helios may earn income through government incentives and subsidies aimed at promoting renewable energy projects. The company also explores partnerships with other stakeholders in the energy sector to expand its market reach and enhance its operational capabilities, further contributing to its revenue growth.

Helios Energy Ltd Financial Statement Overview

Summary

Revenue grew 29.8%, but profitability remains weak with negative margins (gross, EBIT, EBITDA, net). Cash generation is also challenged with negative operating and free cash flows, despite a 51.3% improvement in free cash flow growth. Low leverage is a positive, but negative ROE underscores poor shareholder returns.

Income Statement

Helios Energy Ltd has shown some revenue growth, with a 29.8% increase in the latest year. However, the company is struggling with profitability, as indicated by negative margins across the board. The gross profit margin, net profit margin, EBIT margin, and EBITDA margin are all negative, reflecting significant operational challenges. The company needs to improve its cost management and operational efficiency to enhance profitability.

Balance Sheet

The balance sheet of Helios Energy Ltd shows a low debt-to-equity ratio, suggesting limited leverage and a conservative capital structure. However, the return on equity is negative, indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is relatively stable, but the company needs to improve its profitability to enhance shareholder value.

Cash Flow

Helios Energy Ltd's cash flow statement reveals challenges in generating positive cash flows, with negative operating and free cash flows. However, there is a notable improvement in free cash flow growth, which increased by 51.3% in the latest year. The operating cash flow to net income ratio and free cash flow to net income ratio indicate that the company is not yet converting its earnings into cash effectively.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	18.61K	111.47K	140.94K	90.43K	27.47K	20.15K
Gross Profit	-268.72K	-175.86K	-119.31K	-2.14M	-1.76M	-16.95K
EBITDA	-2.61M	-3.16M	-3.57M	-8.30M	-4.25M	-3.51M
Net Income	-3.68M	-3.68M	-4.96M	-8.61M	-4.55M	-3.74M
Balance Sheet
Total Assets	48.84M	48.84M	46.99M	51.98M	59.77M	37.28M
Cash, Cash Equivalents and Short-Term Investments	1.62M	1.62M	463.84K	5.35M	21.71M	9.90M
Total Debt	334.14K	334.14K	473.32K	740.55K	1.01M	0.00
Total Liabilities	2.56M	2.56M	1.81M	1.85M	2.57M	362.99K
Stockholders Equity	46.27M	46.27M	45.18M	50.13M	57.20M	36.92M
Cash Flow
Free Cash Flow	-2.67M	-2.67M	-4.52M	-16.17M	-11.84M	-3.15M
Operating Cash Flow	-1.72M	-1.72M	-2.79M	-4.57M	-2.85M	-2.81M
Investing Cash Flow	-946.04K	-946.04K	-1.73M	-11.61M	-8.98M	-1.34M
Financing Cash Flow	3.82M	3.82M	-363.97K	-266.84K	22.87M	11.00M

Helios Energy Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HE8, the sentiment is Negative. 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 0.01, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.49 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HE8.

Helios Energy Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CUE	68 Neutral	AU$80.47M	12.78	10.27%	13.04%	10.44%	-55.67%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
ECH	56 Neutral	AU$79.50M	25.00	―	6.72%	―	―
MAY	49 Neutral	AU$34.04M	-8.33	-7.26%	―	―	-220.00%
KKO	46 Neutral	AU$107.53M	-17.95	-7.73%	―	―	17.02%
IVZ	44 Neutral	AU$80.17M	-16.13	-3.58%	―	―	22.50%
HE8	42 Neutral	AU$33.04M	-7.69	-8.06%	―	-86.80%	27.78%

Helios Energy Ltd Corporate Events

Helios Energy Options Lapse Unexercised at Year-End

Helios Energy Ltd has announced that 15 million listed options (ASX code HE8AO), exercisable at $0.255 and expiring on 31 December 2025, have lapsed unexercised. The expiry of these options slightly reduces the company’s potential future share dilution but does not immediately alter its existing issued capital, signalling that holders chose not to convert at the set exercise price under prevailing market conditions.

The most recent analyst rating on (AU:HE8) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Helios Energy Ltd stock, see the AU:HE8 Stock Forecast page.

Helios Energy Director Boosts Indirect Shareholding After Note Conversion and Debt Settlement

Helios Energy has disclosed a significant change in the indirect shareholdings of non-executive director Mark Hamish Lochtenberg, following the conversion of convertible notes and the settlement of a debt facility that were approved by shareholders at the company’s November 2025 annual general meeting. Through entities in which he holds equitable and beneficial interests, Lochtenberg’s indirect holdings increased via new share issues at low issue prices and an off-market transfer between nominee and investment accounts, consolidating his position as a substantial stakeholder and signalling a stronger alignment of his interests with those of Helios Energy shareholders.

The most recent analyst rating on (AU:HE8) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Helios Energy Ltd stock, see the AU:HE8 Stock Forecast page.

Helios Energy Converts Notes and Loan Debt into 65 Million New Shares

Helios Energy Ltd has issued 65,096,278 fully paid ordinary shares following shareholder approval at its 21 November 2025 AGM, stemming from the conversion of 100,000 Convertible Notes and the settlement of $315,674 in loan debt. The company states that the share issue has been conducted without a prospectus under the Corporations Act’s disclosure exemptions, confirms compliance with its financial reporting and continuous disclosure obligations, and asserts there is no undisclosed information material to investors’ assessment of the company or its shares, which supports transparency and regulatory compliance for existing and new shareholders.

The most recent analyst rating on (AU:HE8) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Helios Energy Ltd stock, see the AU:HE8 Stock Forecast page.

Helios Energy Converts Debt to Equity with Issue of 45 Million New Shares

Helios Energy Ltd has applied to the ASX for quotation of 45,096,278 new fully paid ordinary shares, issued on 19 December 2025 following shareholder approval at its 21 November 2025 annual general meeting. The shares were created through the conversion of a debt loan into equity, a move that strengthens the company’s balance sheet by reducing debt liabilities while expanding its share base, with implications for capital structure, existing shareholder dilution, and the company’s financial flexibility going forward.

The most recent analyst rating on (AU:HE8) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Helios Energy Ltd stock, see the AU:HE8 Stock Forecast page.

Helios Energy Seeks ASX Quotation for 20 Million New Shares

Helios Energy Ltd has applied for quotation on the ASX of 20 million new ordinary fully paid shares, issued on 19 December 2025. The additional securities, arising from the exercise or conversion of existing instruments, will expand the company’s free float and could enhance liquidity in its stock, potentially broadening its investor base and supporting future capital management initiatives.

The most recent analyst rating on (AU:HE8) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Helios Energy Ltd stock, see the AU:HE8 Stock Forecast page.

Helios Energy Limited Updates Company Constitution

Helios Energy Limited has released an updated constitution as of November 21, 2025. The document outlines various aspects of the company’s governance, including the issuance and transfer of shares, capital alteration, and shareholder rights. This update may impact the company’s operational flexibility and shareholder engagement, potentially influencing its market positioning and stakeholder relationships.

Helios Energy Announces AGM Results with Key Resolutions Approved

Helios Energy Ltd, an energy company listed on the Australian Securities Exchange, announced the results of its Annual General Meeting held on November 21, 2025. The meeting saw the approval of Resolution 16, while Resolution 17 did not receive the necessary 75% shareholder approval. Several other resolutions, including the election and re-election of directors and the ratification of prior share issues, were carried.

Helios Energy Ltd Secures Shareholder Approval for Key Resolutions

Helios Energy Ltd announced that all resolutions proposed at its Annual General Meeting on November 21, 2025, were approved by shareholders. This includes key resolutions such as the adoption of the remuneration report, election and re-election of directors, and ratification of prior share issues. The successful approval of these resolutions is expected to positively impact the company’s governance and operational strategies, reinforcing its position in the energy sector.

Helios Energy Advances Presidio Oil Project with Strategic Developments

Helios Energy Ltd has made significant advancements in its Presidio Oil Project in Texas, identifying a 15,500-acre unconventional sweet spot and multiple conventional prospects for drilling. The company has initiated a dual-track strategy to restart existing wells for early cash flow and data collection while pursuing unconventional testing and conventional farm-outs to reduce capital exposure. Recent operational activities have led to the first oil sales from the project, with ongoing efforts to enhance production efficiency and expand technical capabilities in Texas.

Helios Energy Achieves First Oil Sales from Presidio Project

Helios Energy Ltd has successfully completed its first oil sales from the Presidio Oil Project in Texas, marking a significant transition from exploration to production. This development is part of the company’s strategic plan to optimize well operations and expand its acreage, supported by a skilled local team and ongoing engagement with major leaseholders.

Helios Energy Ltd Schedules 2025 Annual General Meeting

Helios Energy Ltd has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 21, 2025, in Perth, Australia. The company emphasizes the importance of the Notice of Meeting, encouraging shareholders to participate either in person or by proxy. This meeting is a significant event for stakeholders to engage with the company’s strategic directions and decisions.