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Metgasco Ltd
(Sydney:MEL)
Metgasco Ltd (MEL) vs. iShares MSCI Australia ETF (EWA)
Metgasco Ltd Business Overview & Revenue Model
Metgasco Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.14M | 2.16M | 2.37M | 475.84K | 0.00 | 0.00 |
| Gross Profit | -421.32K | -177.28K | 1.14M | -286.00K | -861.00 | -1.29K |
| EBITDA | -525.56K | -1.25M | -11.78M | -1.34M | -6.11M | -1.18M |
| Net Income | -5.12M | -3.27M | -13.20M | -1.53M | -6.11M | -1.18M |
Balance Sheet | ||||||
| Total Assets | 8.61M | 9.76M | 9.16M | 18.05M | 17.28M | 7.58M |
| Cash, Cash Equivalents and Short-Term Investments | 193.57K | 1.12M | 880.61K | 642.16K | 3.64M | 731.64K |
| Total Debt | 5.86M | 4.30M | 2.66M | 771.41K | 0.00 | 0.00 |
| Total Liabilities | 13.81M | 12.35M | 9.45M | 6.78M | 6.98M | 683.89K |
| Stockholders Equity | -5.20M | -2.58M | -291.79K | 11.27M | 10.30M | 6.89M |
Cash Flow | ||||||
| Free Cash Flow | -424.89K | -746.97K | -2.33M | -7.56M | -6.13M | -5.54M |
| Operating Cash Flow | -329.73K | -651.81K | -282.74K | -1.37M | 2.85M | -986.92K |
| Investing Cash Flow | -509.10K | -2.01M | -2.05M | -6.19M | -8.81M | -2.41M |
| Financing Cash Flow | 614.62K | 2.90M | 2.57M | 4.56M | 9.03M | 3.80M |
Metgasco Ltd Peers Comparison
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% | |
51 Neutral | AU$5.48M | -4.09 | -10.20% | ― | -16.79% | -205.26% | |
45 Neutral | AU$3.12M | -1.77 | -46.86% | ― | -32.65% | -66.67% | |
42 Neutral | AU$11.77M | -0.96 | -4728.71% | ― | ― | 36.96% | |
40 Underperform | AU$661.36K | -0.09 | 193.09% | ― | -9.10% | 80.11% |
Metgasco Ltd Corporate Events
Metgasco Ltd has released its consolidated financial report for the half year ended 31 December 2025, detailing its profit or loss, cash flows, financial position, and changes in equity. The report, supported by directors’ declarations and an independent auditor’s review, provides investors and stakeholders with updated transparency on the company’s financial health and governance over the period.
The publication of this half-year report offers insight into Metgasco’s operational performance and capital structure during a key reporting window. It also reinforces the company’s compliance with reporting standards and may influence investor sentiment, credit assessments, and strategic decisions by stakeholders monitoring its financial trajectory.
The most recent analyst rating on (AU:MEL) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
Vintage Energy has revised the timetable for its planned acquisitions of 25% interests in the Southern Flank gas joint ventures currently held by Metgasco and Bridgeport. The company has extended the deadline to accept Bridgeport’s deemed sale offer for its stakes in PRL 211 and ATP 2021 to 31 March 2026, with completion pushed back to no later than 31 May 2026 by mutual agreement.
The target date for Vintage to commit to acquiring Metgasco’s 25% interests has also been moved to 31 March 2026, aligning it with the revised Bridgeport timetable. The Metgasco transaction remains contingent on Vintage formally committing to the Bridgeport acquisition and securing sufficient funding, meaning timing and financing outcomes will be critical for consolidating Vintage’s position in these gas assets and could influence its future production profile and project development plans.
The most recent analyst rating on (AU:MEL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
Vintage Energy has welcomed up to $5 million in South Australian government grants allocated to its Southern Flank gas projects, PRL 211 and ATP 2021, which it holds in joint ventures with Metgasco and Bridgeport. The funding, part of a broader $15 million SA Gas Incentive Grant program, is designed to accelerate technically robust gas projects that can be delivered before late 2028.
The grants are expected to cover up to half the joint venture costs of drilling the Odin-3 and Vali-4 production wells, which are intended to tap existing reserves and boost gas supply for electricity generation in South Australia. The wells, contingent on final grant agreements and rig availability, are targeted for drilling in the September quarter of 2026 and underscore government support for maintaining reliable gas supply to major power producers AGL and ENGIE.
The most recent analyst rating on (AU:MEL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
Metgasco has agreed to sell its 25% non-operated interests in the Odin and Vali gas fields for $5.9 million, a disposal of its main undertaking that was approved by shareholders in January 2026 and is expected to complete in the March quarter, after which the company will have no substantial operating assets and is actively reviewing new business opportunities to rebuild the business. Operationally, the December 2025 quarter was marked by disappointing results from the second phase of its Production Uplift Program, lower gas output from Odin and Vali, and a 13% quarter‑on‑quarter decline in sales revenue to $391,600 on a 25% drop in production, underscoring the strategic rationale for the asset sale and the company’s focus on strengthening liquidity and resetting its future direction.
The most recent analyst rating on (AU:MEL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
Metgasco has extended by 28 days, to 28 February 2026, the target date for Vintage Energy to commit to acquiring Metgasco’s 25% non-operated interests in the Odin and Vali gas field joint ventures. Under the revised arrangement, Vintage will continue to fund Metgasco’s cash call obligations under the joint operating agreements through February 2026 via an interest-free loan that will be forgiven if the sale completes, while remaining repayable within six weeks if the deal falls through, with the outer completion deadline for the transaction unchanged at 31 March 2026, affecting Metgasco’s near-term funding profile and signalling continuing progress but some timing uncertainty around the asset sale.
The most recent analyst rating on (AU:MEL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
Vintage Energy has extended by 28 days, to 28 February 2026, the target date for committing to acquire Metgasco’s 25% interests in the Southern Flank gas joint ventures, while keeping the final completion deadline unchanged at 31 March 2026. As part of the revised timetable, Vintage will fund Metgasco’s February 2026 cash call obligations under the joint operating agreements via an interest-free loan that will be forgiven if the transaction completes, but must be repaid within six weeks of any termination, a move that provides interim financial support to Metgasco while preserving Vintage’s flexibility if deal conditions, including funding, are not met.
The most recent analyst rating on (AU:MEL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
Metgasco Ltd has announced the resignation of joint company secretary Flynn Blackburn, effective 15 January 2026, leaving Henko Vos as the remaining company secretary. Vos will assume sole responsibility for communications with the ASX on listing rule matters, with the board expressing its thanks to Blackburn, signalling a routine governance change with limited operational impact but ensuring ongoing compliance oversight remains clearly assigned.
The most recent analyst rating on (AU:MEL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
Vintage Energy Ltd has confirmed that Metgasco shareholders have approved the sale of Metgasco’s 25% stakes in the Southern Flank joint ventures ATP 2021 and PRL 211 to Vintage, satisfying a key condition of their previously announced sale agreement. Completion of the transaction, which will consolidate Vintage’s interest in these onshore gas ventures and potentially strengthen its production and growth profile, still depends on remaining conditions precedent being met.
The most recent analyst rating on (AU:MEL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
Metgasco shareholders have approved the disposal of the company’s main undertaking at an extraordinary general meeting, passing a resolution to sell its 25% non-operated interests in the Odin and Vali gas field licences to Vintage Energy Ltd. The vote, which showed overwhelming support for the transaction, satisfies the shareholder approval condition in the sale agreement and moves the company a step closer to completing the asset sale, with finalisation now contingent on obtaining ministerial and third‑party consents for the assignment of key petroleum titles and material contracts, potentially reshaping Metgasco’s asset base and strategic focus.
The most recent analyst rating on (AU:MEL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
Metgasco Ltd has secured an extension to the repayment date of its convertible loan agreement with Glennon Small Companies Ltd (GC1), pushing the due date back six months from 31 December 2025 to 30 June 2026 on unchanged terms. The extension provides Metgasco with additional financial flexibility and time to meet its obligations under the facility, supporting the company’s capital management and potentially easing short‑term funding pressures as it progresses its energy projects.
The most recent analyst rating on (AU:MEL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
Metgasco Ltd has updated the timetable for its planned divestment of its 25% non‑operated interests in the Odin and Vali gas field joint ventures to Vintage Energy Ltd, extending Vintage’s deadline to commit to the acquisition and, if needed, obtain shareholder approval by one month to 31 January 2026. The company confirmed that the final completion date for the transaction remains no later than 31 March 2026 and that its Extraordinary General Meeting will proceed as scheduled on 14 January 2026, signalling continued progress on the asset sale that could reshape its portfolio and capital allocation once completed.
The most recent analyst rating on (AU:MEL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.