Li-S Energy Ltd (LIS) AI Stock Analysis

• Market Cap: AU$83.23M
• Dividend Yield: N/A
• Average Volume (3M): 384.12K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.37
• 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$0.13 ▼(-12.67% Downside)
• Action: Reiterated Date: 01/07/26
• Date: Action: Reiterated 01/07/26

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

High specific-energy target markets

Li‑S Energy’s explicit focus on lithium–sulfur cells for aviation, drones, defense and specialty mobility targets structurally underserved, high-value niches. Success in these markets supports durable demand, premium pricing potential and differentiated product fit versus commodity EV battery players.

Low leverage balance sheet

Very low debt and modest leverage materially reduce refinancing and interest risk over the medium term. This balance sheet flexibility helps the company sustain R&D and development cycles, negotiate partnerships, and weather funding gaps without heavy near-term solvency pressure.

Improving cash burn trend

A meaningful reduction in annual free cash outflow indicates management is beginning to rein in spending or improve operational efficiency. If sustained, a declining cash burn rate lengthens runway, reduces capital‑raising frequency and increases chances of reaching commercialization milestones.

Negative Factors

No revenue to date

Zero reported revenue over multiple years indicates the company remains pre-commercial. That structural lack of product sales means long lead times to sustainable cash generation, heavy reliance on development milestones, and an uncertain timeline to validate repeatable revenue streams.

Persistent negative operating cash flow

Consistent negative operating cash flow shows the business cannot self‑fund operations and R&D. Over 2–6 months this necessitates external capital, which can dilute shareholders, distract management with fundraising, and constrain long‑term investment choices if market conditions tighten.

Declining equity/assets and negative ROE

A falling asset/equity base with deeply negative ROE signals value dilution and erosion of the balance sheet over time. Structurally, this raises the probability of further capital raises on dilutive terms and weakens the company’s financial buffer against development setbacks.

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	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-1.97M	-1.91M	-845.06K	-462.65K	-231.64K	-54.60K
EBITDA	-5.60M	-5.78M	-3.69M	-2.81M	-6.03M	-2.23M
Net Income	-4.95M	-6.41M	-4.62M	-3.34M	-6.27M	-1.68M
Balance Sheet
Total Assets	36.51M	38.15M	45.14M	50.12M	52.02M	23.19M
Cash, Cash Equivalents and Short-Term Investments	14.40M	14.86M	24.81M	33.45M	43.85M	18.61M
Total Debt	1.35M	904.32K	1.14M	1.00M	197.29K	0.00
Total Liabilities	2.36M	2.85M	2.66M	2.25M	1.03M	443.40K
Stockholders Equity	34.15M	35.29M	42.49M	47.87M	50.99M	22.75M
Cash Flow
Free Cash Flow	-5.04M	-6.66M	-10.33M	-8.23M	-8.46M	-2.22M
Operating Cash Flow	-1.81M	-3.27M	-2.94M	-2.52M	-5.37M	-1.53M
Investing Cash Flow	-1.23M	-3.57M	-6.50M	-7.71M	-3.08M	-697.69K
Financing Cash Flow	-227.60K	-1.12M	-1.20M	-169.82K	33.70M	17.79M

Li-S Energy Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 0.15 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.15, and above the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.92 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$83.23M	-16.46	-16.49%	―	―	-40.28%
NVX	43 Neutral	AU$288.07M	-1.77	-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 moves toward commercial-scale lithium-sulfur battery manufacturing

Li-S Energy has reported its half-year results to 31 December 2025, highlighting advances in lithium-sulfur battery technology, manufacturing capability and strategic partnerships. The company enters the second half of FY2026 with improved power cell architecture, progress on battery pack integration and regulatory readiness for shipments to international partners.

A $7.8 million grant from the Australian Renewable Energy Agency will fund Phase 4 feasibility and manufacturing optimisation studies aimed at scaling production toward a potential 1GWh per year plant. Li-S Energy also commissioned Australia’s first lithium metal foil production line, expanded defence-focused collaborations including a UK undersea drone partnership, appointed a U.S. defence representative, and ended the period with $17.4 million in cash and short-term investments to support development and commercialisation over the next one to two years.

The most recent analyst rating on (AU:LIS) stock is a Hold with a A$0.14 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 Files Interim Financial Report for Half-Year 2025

Li-S Energy Limited has released its Appendix 4D and interim condensed consolidated financial report for the six months ended 31 December 2025. The lodging of these interim results provides investors and stakeholders with updated financial information that will inform assessments of the company’s progress, liquidity and capital needs as it advances its technology and market strategy.

The most recent analyst rating on (AU:LIS) stock is a Hold with a A$0.14 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 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.