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Melbana Energy Limited
(Sydney:MAY)
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Rating:45Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:08/04/26
The score is held down primarily by weak financial performance—no recent revenue, persistent operating losses, and consistently negative operating/free cash flow—despite the mitigating strength of low leverage on the balance sheet. Limited technical data results in a neutral technical contribution, while valuation remains pressured by losses (negative P/E) and no available dividend yield.
Positive Factors
Low leverage / strong balance sheet
A minimal debt load is a durable strength for an exploration company: it lowers fixed financial obligations, preserves flexibility to pursue multi-year exploration programs, and reduces refinancing risk. This supports continuing operations and partner negotiations during long project timelines.
Negative Factors
No recent revenue / persistent operating losses
Sustained absence of operating revenue and recurring operating losses indicate the company has not yet converted exploration activity into commercial production. Over the medium term this elevates business risk, increases dependency on successful drilling outcomes and hampers ability to self-fund future work programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A minimal debt load is a durable strength for an exploration company: it lowers fixed financial obligations, preserves flexibility to pursue multi-year exploration programs, and reduces refinancing risk. This supports continuing operations and partner negotiations during long project timelines.
Read all positive factors
Melbana Energy Limited (MAY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$15.13M
Dividend YieldN/A
Average Volume (3M)4.49M
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue GrowthN/A
EPS Growth-283.33%
CountryAU
Employees4
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,781,968,800
10 Day Avg. Volume3,210,177
30 Day Avg. Volume4,491,555
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)1.33
Price to Sales (P/S)0.00
P/FCF Ratio-1.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Melbana Energy Limited Business Overview & Revenue Model
Company Description
Melbana Energy Limited, a company founded in 1994 and based in Sydney, Australia, is engaged in the exploration for oil and gas across both Cuba and Australia. Its assets in Australia include complete ownership of the Tassie Shoal Methanol and LNG...
How the Company Makes Money
Melbana Energy’s earnings potential is primarily tied to upstream oil and gas value creation, which typically monetises in several ways: (1) Hydrocarbon production and sales: If an asset reaches development and production, revenue is generated fro...
Melbana Energy Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
72
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 10.39M | 1.10M |
| Gross Profit | -99.57K | -5.89K | -135.00K | -126.00K | -121.64K | 1.08M |
| EBITDA | -1.71M | -3.67M | 3.60M | -563.00K | 6.51M | -1.81M |
| Net Income | -3.98M | -4.15M | 3.26M | -1.00M | 6.33M | -1.40M |
Balance Sheet | ||||||
| Total Assets | 95.21M | 80.17M | 96.35M | 58.21M | 50.25M | 15.60M |
| Cash, Cash Equivalents and Short-Term Investments | 4.40M | 5.12M | 12.32M | 34.98M | 35.57M | 10.68M |
| Total Debt | 0.00 | 0.00 | 0.00 | 130.82K | 0.00 | 0.00 |
| Total Liabilities | 31.75M | 24.24M | 40.42M | 5.21M | 13.08M | 8.51M |
| Stockholders Equity | 63.46M | 55.93M | 55.93M | 52.99M | 37.17M | 7.09M |
Cash Flow | ||||||
| Free Cash Flow | -2.36M | -38.27M | -69.60M | -48.50M | -41.34M | -9.55M |
| Operating Cash Flow | -1.99M | -3.62M | -3.67M | -2.62M | -2.12M | -2.00M |
| Investing Cash Flow | -8.53M | -3.80M | -18.67M | -13.87M | 3.26M | 11.60M |
| Financing Cash Flow | 6.58M | 0.00 | 0.00 | 15.77M | 23.83M | -126.00K |
Melbana Energy Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | AU$28.77M | 2.61 | 30.01% | ― | -17.90% | ― | |
56 Neutral | AU$17.25M | -15.01 | -6.54% | ― | 27.55% | -60.00% | |
45 Neutral | AU$15.13M | -40.00 | -6.67% | ― | ― | -283.33% | |
44 Neutral | AU$41.94M | -17.78 | -14.52% | ― | ― | ― | |
43 Neutral | AU$16.30M | -1.79 | -35.17% | ― | ― | 64.71% | |
42 Neutral | AU$19.33M | -0.91 | -126.10% | ― | 3.57% | -43.48% |
* Energy Sector Average
AU:MAY
Melbana Energy Limited
0.01
-0.01
-54.55%
AU:ADX
ADX Energy
0.02
-0.01
-37.93%
AU:BRU
Buru Energy
0.01
>-0.01
-45.45%
AU:OEL
Otto Energy Limited
―
―
―
AU:TDO
3D Oil Limited
0.08
-0.03
-27.27%
AU:BAS
Bass Oil Ltd
0.05
0.02
60.00%
Melbana Energy Limited Corporate Events
Melbana Energy Trading Reinstated After Update on Cuban Operations and Sanctions
Jun 18, 2026
Trading in Melbana Energy Limited shares on the ASX has been reinstated after the company released an update on its Cuban operations and the impact of United States Government sanctions on Unión Cuba-Petróleo. The lifting of the suspensi...
Melbana pauses Cuban Block 9 support after U.S. sanctions hit CUPET
Jun 18, 2026
Melbana Energy has suspended its direct financial, technical and administrative support for the Block 9 Production Sharing Contract in Cuba after Cuba’s state-owned oil company CUPET was designated a Specially Designated National by the U.S....
Melbana Energy Halts Trading Amid U.S. Sanctions Fallout on Cuban Partner
Jun 16, 2026
Melbana Energy has requested and received a voluntary suspension of trading in its securities on the ASX, effective 16 June 2026. The move comes as the company evaluates the impact of newly imposed United States sanctions on its Cuban state-owned ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.