Melbana Energy Limited (AU:MAY)
ASX:MAY
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Melbana Energy Limited
(Sydney:MAY)
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Select Model
Rating:49Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:ReiteratedDate:12/30/25
The score is held down primarily by weak financial performance driven by zero revenue, recurring operating losses, and persistent negative operating/free cash flow. A low-debt balance sheet provides some resilience, but limited technical data and a negative P/E (loss-making) keep the overall profile below average.
Positive Factors
Low debt / strong equity
Minimal debt and meaningful equity reduce near-term solvency risk and preserve strategic optionality. This balance-sheet strength lets Melbana absorb exploration timing variability, pursue partner-funded programs, and avoid forced asset sales, supporting multi-month resilience before production.
Negative Factors
Zero revenue since FY2023
No material revenue since FY2023 indicates absence of producing assets, removing internal cash generation. This structural gap forces dependence on capital markets or partner deals to fund operations, increasing dilution and execution risk until a production base is established.
Read all positive and negative factors
Positive Factors
Negative Factors
Low debt / strong equity
Minimal debt and meaningful equity reduce near-term solvency risk and preserve strategic optionality. This balance-sheet strength lets Melbana absorb exploration timing variability, pursue partner-funded programs, and avoid forced asset sales, supporting multi-month resilience before production.
Read all positive factors
Melbana Energy Limited (MAY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$30.26M
Dividend YieldN/A
Average Volume (3M)4.49M
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue GrowthN/A
EPS Growth-220.00%
CountryAU
Employees4
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.00
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 engages in the oil and gas exploration in Cuba and Australia. The company holds a 100% interest in the Tassie Shoal Methanol and LNG project located in Australia. It also holds a 100% interest in the Santa Cruz oil field loc...
How the Company Makes Money
Melbana Energy Limited generates revenue primarily through its exploration and development activities in oil and gas sectors. The company's main revenue streams include potential sales of oil and gas extracted from successful exploration projects,...
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 | -3.52M | -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 Technical Analysis
Negative
0.01
Price Trends
0.01
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
32.96
Neutral
20.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MAY, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 32.96 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MAY.
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% | |
57 Neutral | AU$22.02M | -14.94 | -6.54% | ― | 7.09% | -275.00% | |
52 Neutral | AU$28.77M | 3.49 | 30.01% | ― | -22.76% | ― | |
49 Neutral | AU$30.26M | -4.02 | -6.67% | ― | ― | -220.00% | |
44 Neutral | AU$41.94M | -29.16 | -15.00% | ― | ― | 40.00% | |
40 Underperform | AU$23.25M | -1.26 | -126.10% | ― | 4.41% | -49.06% | |
39 Underperform | AU$19.05M | -2.75 | -35.17% | ― | ― | ― |
* Energy Sector Average
AU:MAY
Melbana Energy Limited
0.01
-0.02
-60.00%
AU:ADX
ADX Energy
0.03
<0.01
4.00%
AU:BRU
Buru Energy
0.02
-0.02
-51.28%
AU:OEL
Otto Energy Limited
0.01
<0.01
30.00%
AU:TDO
3D Oil Limited
0.08
-0.02
-17.53%
AU:BAS
Bass Oil Ltd
0.06
0.02
50.00%
Melbana Energy Limited Corporate Events
Melbana Energy Lifts Australian Resources as Cuban Well Flows Water-Only
Jan 28, 2026
During the December 2025 quarter, Melbana Energy advanced its Cuban and Australian assets, producing 3,101 barrels of crude from the Alameda-2 well in Block 9 before shutting it in to facilitate the planned Amistad-11 twin, leaving closing invento...
Melbana Energy Advances Data Work at Cuba’s Block 9 as Amistad-11 Timing Awaits JV Funding
Jan 21, 2026
Melbana Energy has provided an operational update on Block 9 in Cuba, confirming that equipment and contractors remain ready to drill the Amistad-11 well, but noting that a rescheduled spud date depends on its joint venture partner funding its sha...
Melbana Energy Reveals Highly Concentrated Register of 2027 Listed Options
Jan 14, 2026
Melbana Energy Limited has provided an updated breakdown of its listed options on issue, specifically the $0.02 options expiring on 12 January 2027, indicating how these securities are distributed among its holders. The disclosure shows that all 4...
Melbana Energy Reveals Concentrated Ownership in 2027 Listed Options
Jan 14, 2026
Melbana Energy Limited has released an updated register of its top 20 holders of listed options exercisable at $0.02 and expiring on 12 January 2027, showing that these investors collectively control approximately 79% of the 436.8 million options ...
Melbana Energy Seeks ASX Quotation for 436.8 Million New Options
Jan 12, 2026
Melbana Energy Limited has applied to the ASX for quotation of 436,764,704 options (MAYOA) expiring on 12 January 2027, with an issue date of 12 January 2026, following previously announced transactions. The large volume of new quoted options expa...
Melbana Energy Announces Options Prospectus for Stakeholders
Dec 18, 2025
Melbana Energy Limited has announced an Options Prospectus detailing the issuance of placement options and bonus options to participants, directors, and lead managers involved in their recent placement activities. These offers, approved by shareho...
Melbana Energy Limited Launches Objectives for Option Issuance
Dec 18, 2025
Melbana Energy Limited announced it has lodged a prospectus to facilitate the issuing of options connected to an earlier placement for eligible sophisticated and professional investors. These options include Attaching Options, Bonus Options, and J...
Melbana Energy Defers Amistad-11 Drilling Due to Partner’s Payment Default
Dec 5, 2025
Melbana Energy Limited has announced the deferral of drilling the Amistad-11 well in Block 9, onshore Cuba, due to non-payment of outstanding amounts by its partner, Sonangol. Sonangol has requested the deferral to align with its 2026 budget, lead...
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.