Li-S Energy Ltd (LIS) AI Stock Analysis

• Market Cap: AU$76.82M
• Dividend Yield: N/A
• Average Volume (3M): 384.12K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.42
• 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: 40 Underperform
• Price Target: AU$0.11 ▼(-27.33% Downside)
• Action: Downgraded Date: 03/07/26
• Date: Action: Downgraded 03/07/26

The score is driven primarily by weak operating fundamentals (no revenue, widening losses, and ongoing cash burn). Technicals add further pressure with a clear downtrend and negative momentum indicators. Low leverage helps limit balance-sheet risk but is not enough to offset the lack of profitability and cash generation.

Positive Factors

Low financial leverage

Sustained low leverage materially reduces near-term financing pressure and increases financial flexibility for an R&D-heavy company. This gives management room to prioritize development and strategic partnerships without immediate solvency risk, extending runway versus highly levered peers.

Focus on high specific-energy Li–S markets

Concentration on high specific-energy, specialist end markets (aerospace, defense, drones) aligns with structural demand for lighter, higher-energy batteries. These niche applications tolerate long development cycles and can command premium pricing, improving prospects for long-term commercial viability once technical milestones are met.

Improving cash-burn pace

A slowdown in cash burn signals operational progress or tighter cost management, which extends the company’s funding runway. While cash flow remains negative, improving burn rates reduce near-term external financing needs and give more time to reach commercialization or secure strategic funding.

Negative Factors

No revenue and widening losses

Zero reported revenue and progressively wider net losses indicate the business has not commercialized products at scale. This structural lack of sales elevates execution risk: the company must both prove the technology and build customer channels before sustainable cash generation can begin.

Persistent negative operating cash flow

Chronic negative operating and free cash flow mean ongoing reliance on external capital to fund operations. Over the medium term this increases the probability of dilutive equity raises or onerous financing terms, constraining strategic optionality and potentially delaying commercialization investments.

Eroding equity and negative returns

Declining equity and a materially negative ROE reflect value erosion and recurring losses. This weakens the balance-sheet buffer against shocks, raises recapitalization risk, and signals the company may need dilutive funding or strategic restructuring if losses persist.

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

Overall financials are weak: revenue is consistently zero, losses have widened in the latest year, and operating/free cash flow remain persistently negative, implying continued reliance on external funding. The main offset is a relatively strong balance sheet with low leverage, which reduces near-term financial 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: Negative
• 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 0.13, above the 50-day MA of 0.14, and above the 200-day MA of 0.15, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.47 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 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%
NVX	45 Neutral	AU$228.26M	-1.99	-75.11%	―	-12.84%	-29.62%
RFT	43 Neutral	AU$5.53M	-0.44	-4.55%	―	-39.95%	-220.00%
LIS	40 Underperform	AU$76.82M	-20.20	-14.26%	―	―	-40.28%
EGY	38 Underperform	AU$8.50M	-0.46	55.70%	―	-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.