IPB Petroleum Ltd. (IPB) AI Stock Analysis

• Market Cap: AU$5.12M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 2.07
• Revenue Growth: N/A
• EPS Growth: 90.70%
• Country: AU
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.00
• Shares Outstanding: 853,003,850
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.12
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 114.79
• P/FCF Ratio: -10.24
• 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: 44 Neutral
• Price Target: AU$0.01 ▲(0.00% Upside)

The score is primarily constrained by weak financial performance (minimal revenue, ongoing losses, and persistent cash burn). Valuation is also limited because earnings are negative and there is no dividend yield data. Technicals do not materially influence the result due to missing indicator data.

Positive Factors

Debt-Free Balance Sheet

A debt-free balance sheet reduces financial risk, providing flexibility and stability, which is crucial for long-term sustainability in volatile markets.

Strategic Acquisition in Alaska

Acquiring promising oil leases in Alaska positions IPB strategically, enhancing exploration capabilities and potentially boosting future revenue streams.

Director Share Purchase

Director's share purchase signals confidence in the company's future, potentially boosting stakeholder trust and long-term investor confidence.

Negative Factors

Ongoing Operating Losses

Continued operating losses indicate challenges in achieving profitability, which can strain resources and limit growth opportunities over time.

Negative Cash Flow

Negative cash flow highlights reliance on external funding, which can hinder operational stability and limit strategic investments in the long term.

Eroding Equity Base

Declining equity base reflects ongoing losses, weakening the company's capital structure and reducing its ability to absorb financial shocks.

IPB Petroleum Ltd. Business Overview & Revenue Model

Company Description

IPB Petroleum Limited explores for oil and gas properties in Australia. The company holds a 100% interest in the WA-424-P located in the Browse Basin offshore north Western Australia. IPB Petroleum Limited was incorporated in 2009 and is based in Melbourne, Australia.

How the Company Makes Money

IPB Petroleum Ltd. generates revenue through the exploration, development, and potential future production of oil and gas reserves. The company's primary revenue model is based on successfully discovering commercially viable hydrocarbon resources, which can then be developed and potentially sold to larger oil and gas production companies or directly to market. Key revenue streams include proceeds from farm-out agreements, where IPB may sell or lease part of its exploration rights to other companies in exchange for upfront payments or a share of future production revenue. Additionally, IPB may enter into joint ventures or partnerships with other exploration and production companies to share costs and risks associated with exploration activities. The company's earnings are significantly influenced by factors such as exploration success, market demand for oil and gas, and prevailing commodity prices.

IPB Petroleum Ltd. Financial Statement Overview

Summary

Very weak fundamentals driven by minimal revenue, ongoing operating losses, and consistently negative operating/free cash flow. A key offset is a conservatively financed balance sheet with no debt, though equity has been eroding due to continued losses.

Income Statement

Revenue remains minimal (2025: 24,906 vs. 0 in prior years), and profitability is still weak with operating losses and a large net loss in 2025 (net margin roughly -1,091%). While the loss is smaller than 2024’s very large deficit, the business has not yet demonstrated a stable, scalable revenue base or a clear path to positive earnings.

Balance Sheet

The balance sheet is conservatively financed with no debt across all reported years, limiting financial risk. However, equity has trended down from its 2023 peak (5.43M to 3.58M in 2025), reflecting ongoing losses and negative returns to shareholders, which erode the capital base over time.

Cash Flow

Cash generation is a key pressure point: operating cash flow and free cash flow are negative each year, indicating continued cash burn to fund operations. 2025 shows improvement versus 2024 (operating cash flow -266k vs. -519k; free cash flow -279k vs. -618k), but the company still relies on funding sources outside internally generated cash to sustain activity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	24.91K	0.00	0.00	0.00	0.00
Gross Profit	0.00	24.91K	0.00	0.00	0.00	0.00
EBITDA	0.00	0.00	-2.52M	-768.56K	-375.09K	-449.58K
Net Income	-271.60K	-271.60K	-2.52M	-768.56K	-375.09K	-449.58K
Balance Sheet
Total Assets	3.63M	3.63M	3.92M	5.51M	4.35M	3.99M
Cash, Cash Equivalents and Short-Term Investments	1.44M	1.44M	1.72M	1.40M	337.17K	167.44K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	57.33K	57.33K	72.07K	74.17K	58.13K	139.46K
Stockholders Equity	3.58M	3.58M	3.85M	5.43M	4.29M	3.85M
Cash Flow
Free Cash Flow	-278.00	-279.18K	-617.61K	-790.63K	-649.77K	-623.43K
Operating Cash Flow	-265.00	-266.26K	-518.92K	-682.34K	-418.83K	-351.73K
Investing Cash Flow	-12.00	-12.92K	-98.69K	-108.29K	-230.94K	-271.70K
Financing Cash Flow	0.00	0.00	929.63K	1.86M	819.50K	133.60K

IPB Petroleum Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SHE	51 Neutral	AU$4.11M	―	-9.49%	―	-16.79%	-205.26%
LIO	50 Neutral	AU$8.14M	-5.41	-16.03%	―	-47.23%	-2.78%
IPB	44 Neutral	AU$5.12M	-25.00	-7.32%	―	―	90.70%
TEG	44 Neutral	AU$6.60M	―	―	―	―	―
GLL	42 Neutral	AU$6.29M	-1.72	-1481.88%	―	―	36.96%

IPB Petroleum Ltd. Corporate Events

IPB Petroleum Calls February 2026 General Meeting of Shareholders

IPB Petroleum Limited has called a General Meeting of shareholders to be held at its West Perth head office at 10:00am AWST on 5 February 2026, with the Notice of Meeting and Explanatory Memorandum outlining the resolutions now available on the company’s website and the ASX platform. Shareholders are encouraged to attend in person or lodge directed proxy votes at least 48 hours before the meeting, with voting eligibility determined for those on the register at 4:00pm AWST on 3 February 2026, underscoring the importance of shareholder participation in the company’s forthcoming corporate decisions.

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

IPB Petroleum Director Increases Shareholding

IPB Petroleum Ltd. has announced a change in the director’s interest, with Dougal James Ferguson acquiring an additional 1,000,000 shares through an on-market purchase. This acquisition increases Ferguson’s total holdings to 34,780,621 shares, potentially signaling confidence in the company’s future prospects and impacting stakeholder perceptions.

IPB Petroleum Raises $1.17 Million Through Share Placement

IPB Petroleum Ltd. has announced the issuance of 146,600,765 fully paid ordinary shares at $0.008 per share, raising approximately $1.17 million. This capital raising, conducted without disclosure under the Corporations Act, aims to strengthen the company’s financial position and support its ongoing projects. The issuance of additional options and shares is pending shareholder approval, reflecting IPB’s strategic efforts to enhance its market presence and operational capabilities.

IPB Petroleum Ltd. Announces Quotation of New Securities on ASX

IPB Petroleum Ltd. has announced the quotation of 146,600,765 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of December 12, 2025. This move is part of previously announced transactions and is expected to impact the company’s financial structure and market presence, potentially influencing stakeholder interests and the company’s strategic positioning in the energy sector.

IPB Petroleum Announces Proposed Securities Issue to Boost Capital

IPB Petroleum Ltd. has announced a proposed issue of securities, including unlisted options and performance rights, to raise capital for its operations. This strategic move is expected to strengthen the company’s financial position and support its ongoing projects, potentially impacting its market standing and offering new opportunities for stakeholders.

IPB Petroleum Secures Prospective Alaskan Oil Leases

IPB Petroleum Limited has signed a Binding Terms Sheet to acquire Peritas LLC, gaining an exclusive option to purchase 143,368 acres of promising oil leases in Alaska, including the Umiat oil field. This acquisition positions IPB strategically within the National Petroleum Reserve of Alaska, aligning with major projects like Conoco Phillips’ Willow Project, and is expected to enhance IPB’s exploration capabilities and market presence in the region.

IPB Petroleum Initiates Trading Halt for Capital Raising and Acquisition

IPB Petroleum Ltd. has requested a trading halt on its securities on the ASX as it prepares for a capital raising and finalizes arrangements for a proposed acquisition. This move is aimed at managing its continuous disclosure obligations and is expected to impact the company’s operations by potentially expanding its asset base and financial resources.

IPB Petroleum Advances New Project Amid Funding Challenges

At the recent Annual General Meeting, IPB Petroleum’s Chairman addressed the challenges faced in securing funding for the Gwydion asset due to regulatory and cost barriers. Despite these challenges, the company is in the final stages of due diligence for a promising new project, expected to be announced and closed by the end of the year. The company remains committed to minimizing costs and enhancing shareholder value, with a focus on existing assets and potential new opportunities.

IPB Petroleum Limited Announces 2025 Annual General Meeting

IPB Petroleum Limited has announced its 2025 Annual General Meeting (AGM) scheduled for November 26, 2025, at its head office in West Perth. The meeting will cover an overview of the company’s operations and performance for the year ending June 30, 2025, and provide updates on important matters for shareholders and stakeholders. Shareholders are encouraged to submit proxy votes in advance, and further updates will be available on the company’s website and through the ASX if necessary.

IPB Petroleum Advances Exploration and Strengthens Board

IPB Petroleum Ltd is advancing the commercialisation of its key asset, Exploration Permit WA-424-P, by engaging in discussions for drilling and development in the Browse Basin. The company is also pursuing new venture opportunities to enhance its asset portfolio, while recent board changes aim to strengthen its technical and commercial expertise.