Li-S Energy Ltd (LIS) AI Stock Analysis

• Market Cap: AU$92.83M
• Dividend Yield: N/A
• Average Volume (3M): 384.12K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.23
• Revenue Growth: N/A
• EPS Growth: -40.28%
• Country: AU
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): >-0.01
• Shares Outstanding: 640,200,260
• 10 Day Avg. Volume: 370,488
• 30 Day Avg. Volume: 384,115
• PEG Ratio: -0.27
• Price to Book (P/B): 1.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.98
• 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: 52 Neutral
• Price Target: AU$0.15 ▲(1.33% Upside)

The score is held back primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn despite low debt). Technical indicators are the main offset, showing positive momentum and price strength versus moving averages. Valuation is also a drag because the company is loss-making and offers no dividend yield support.

Positive Factors

Low leverage / balance sheet flexibility

Consistently minimal debt materially reduces bankruptcy and interest-rate risk, giving management structural flexibility to fund R&D, pilot programs or strategic partnerships. Low leverage improves optionality for capital raises without immediate liquidity stress over the medium term.

Targeting high-specific-energy markets

Concentrating on aerospace, defense and drone applications aligns with structural demand for higher specific energy and premium pricing. Serving niche, high-value segments reduces direct commodity competition, enabling durable commercial pathways if technology milestones prove out.

Improving cash burn trend

A reduction in cash burn indicates operational discipline or cost optimization, which can extend runway and reduce near-term financing frequency. Sustained improvement increases odds management can hit technical milestones before dilutive capital raises become necessary.

Negative Factors

No revenue and widening net losses

Absence of revenue means the business model remains unproven commercially; widening losses signal increasing funded development costs. Over 2–6 months this heightens execution risk and raises the probability of further funding needs before product-market validation is achieved.

Persistent negative operating cash flow

Sustained negative operating cash flow forces reliance on external capital to sustain operations, creating recurring dilution and constraining strategic choices. Long-term growth depends on converting R&D into revenue before capital exhaustion limits runway or shifts priority away from development.

Declining equity/assets and negative ROE

Eroding equity and materially negative ROE reflect value dilution from recurring losses and impair the company’s ability to absorb shocks. Over time this weakens investor confidence and increases the cost and difficulty of raising non-dilutive financing or favorable partnership terms.

Li-S Energy Ltd Business Overview & Revenue Model

Company Description

Li-S Energy Limited engages in the development and commercialization of lithium sulphur batteries in Australia. It serves electric vehicle and E-mobility, law enforcement and defense, aviation, drone technology, and consumer electronics and internet of things. The company was incorporated in 2019 and is headquartered in Brisbane, Australia.

How the Company Makes Money

Li-S Energy Ltd generates revenue primarily through the development, production, and sale of its advanced lithium-sulfur batteries. The company's revenue streams include direct sales to manufacturers in the electric vehicle and aerospace industries, licensing agreements for its proprietary technology, and potential partnerships with major battery manufacturers. Additionally, Li-S Energy may engage in research collaborations funded by industry partners or government grants, contributing to its financial performance.

Li-S Energy Ltd Financial Statement Overview

Summary

Operating fundamentals are very weak: revenue is consistently zero, losses widened in the latest year, and gross profit is negative each year. The balance sheet is a relative strength with very low leverage, but persistent negative operating/free cash flow and declining equity/assets create ongoing funding risk.

Income Statement

The income statement remains very weak: revenue is consistently reported as zero across the annual periods, while losses have widened over time (net loss of about -6.4M in 2025 vs. about -4.6M in 2024 and -3.3M in 2023). Gross profit is negative in every year, indicating ongoing cost pressure and an early-stage/limited-commercialization profile. A positive is that the company has shown it can run with smaller losses in some earlier periods (e.g., 2023 vs. 2022), but the latest year deteriorated again, keeping profitability and earnings quality under pressure.

Balance Sheet

The balance sheet is a relative strength. Leverage is low, with debt-to-equity staying around ~2–3% in the last three annual periods (and essentially minimal in earlier years), which reduces financial risk and provides flexibility. However, equity and total assets have trended down from 2022 to 2025, and returns on equity are materially negative (about -18% in 2025), reflecting ongoing losses and value dilution risk if additional funding is required.

Cash Flow

Cash flow remains a key weakness: operating cash flow is negative in every year presented, and free cash flow is also consistently negative (about -6.7M in 2025 and -10.3M in 2024). The pace of cash burn improved versus 2024, but the business is still not self-funding. While free cash flow compares favorably to net income in the sense that cash burn is not worse than accounting losses, the persistent negative operating cash flow points to continued reliance on external capital to sustain operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-1.91M	-1.91M	-845.06K	-462.65K	-231.64K	-54.60K
EBITDA	-2.77M	-5.78M	-3.69M	-2.81M	-6.03M	-2.23M
Net Income	-3.74M	-6.41M	-4.62M	-3.34M	-6.27M	-1.68M
Balance Sheet
Total Assets	38.15M	38.15M	45.14M	50.12M	52.02M	23.19M
Cash, Cash Equivalents and Short-Term Investments	14.86M	14.86M	24.81M	33.45M	43.85M	18.61M
Total Debt	904.32K	904.32K	1.14M	1.00M	197.29K	0.00
Total Liabilities	2.85M	2.85M	2.66M	2.25M	1.03M	443.40K
Stockholders Equity	35.29M	35.29M	42.49M	47.87M	50.99M	22.75M
Cash Flow
Free Cash Flow	-3.11M	-6.66M	-10.33M	-8.23M	-8.46M	-2.22M
Operating Cash Flow	-1.02M	-3.27M	-2.94M	-2.52M	-5.37M	-1.53M
Investing Cash Flow	-3.57M	-3.57M	-6.50M	-7.71M	-3.08M	-697.69K
Financing Cash Flow	-1.12M	-1.12M	-1.20M	-169.82K	33.70M	17.79M

Li-S Energy Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LIS, the sentiment is Positive. The current price of 0.15 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.15, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 52.46 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:LIS.

Li-S Energy Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
LIS	52 Neutral	AU$92.83M	-15.35	-16.49%	―	―	-40.28%
NVX	43 Neutral	AU$348.21M	-2.06	-45.24%	―	-12.84%	-29.62%
RFT	43 Neutral	AU$5.53M	-16.67	-4.55%	―	-39.95%	-220.00%
EGY	38 Underperform	AU$10.00M	-0.80	―	―	-37.44%	10.36%

Li-S Energy Ltd Corporate Events

Li-S Energy Files December 2025 Quarterly Activities and Cashflow Reports

Li-S Energy Limited has lodged its Quarterly Activities and Cashflow Reports for the December 2025 period, providing investors with updated information on the company’s operational progress and financial position. The release, authorised by the board, signals routine disclosure to the market and gives stakeholders insight into the company’s recent performance and cash usage over the quarter.

The most recent analyst rating on (AU:LIS) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Li-S Energy Ltd stock, see the AU:LIS Stock Forecast page.

Li-S Energy Partners with MSubs for Undersea Battery Innovation

Li-S Energy Limited has announced a collaboration with UK-based MSubs Limited to test lithium-sulfur battery cells in unmanned underwater vehicle platforms. This partnership involves rigorous testing under simulated deep-ocean conditions and, if successful, could lead to the integration of Li-S Energy’s batteries as primary power sources in MSubs’ current and future platforms. The collaboration highlights the potential for Li-S Energy’s technology to transform undersea vehicle design by offering lighter, safer, and more efficient power solutions, potentially impacting defense and commercial applications.

Li-S Energy Secures $3M R&D Tax Refund to Boost Battery Innovation

Li-S Energy Limited has received a $3.0 million R&D tax refund from the Australian Federal Government’s R&D Tax Incentive program, which supports industry investment in research and development. This refund, along with a $7.8 million ARENA grant, will aid the company in advancing its next-generation battery technologies, potentially enhancing its position in the high-performance battery market.

Li-S Energy Announces Director Departure

Li-S Energy Limited has announced the cessation of Hedy Cray as a director, effective November 18, 2025. This change in the board of directors may impact the company’s governance and strategic direction, as Cray held significant interests in the company through direct ownership of shares and as a beneficiary of the Cray Super Fund.

Li-S Energy Secures Shareholder Approval at AGM

Li-S Energy Limited announced that all resolutions were passed at its Annual General Meeting, reflecting strong shareholder support. The successful resolutions included the election of directors and the approval of the company’s Long Term Incentive Plan, which are expected to bolster the company’s strategic initiatives and governance.

Li-S Energy Highlights Strategic Manufacturing Advancements at 2025 AGM

Li-S Energy Limited, during its 2025 Annual General Meeting, highlighted its progress in transitioning to an engineering-led manufacturer, emphasizing advancements in its Geelong facility. The company has expanded its production capabilities with the addition of new equipment and production lines, supported by industry grants, which positions it strongly in the battery manufacturing sector. The AGM also noted changes in the board and management team, reflecting a strategic focus on strengthening leadership and operational capabilities.

Li-S Energy Secures $7.8 Million Grant for Battery Manufacturing Expansion

Li-S Energy Limited has secured a $7.8 million grant from the Australian Renewable Energy Agency (ARENA) to advance plans for a large-scale lithium-sulfur battery cell manufacturing facility in Australia. The grant will support manufacturing optimization, a feasibility study, and front-end engineering design, aiming for a production capacity of up to 1 GWh per year. This initiative marks a significant increase from the current 2 MWh production line and underscores federal support for domestic battery manufacturing and renewable energy supply chain resilience. The project is expected to attract strategic and joint venture partners, enhancing Li-S Energy’s market positioning and commercial readiness.