NuEnergy Gas Limited (NGY) AI Stock Analysis

• Market Cap: AU$82.52M
• Dividend Yield: N/A
• Average Volume (3M): 116.48K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.52
• Revenue Growth: N/A
• EPS Growth: -20.00%
• Country: AU
• Employees: 2
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.00
• Shares Outstanding: 1,918,998,900
• 10 Day Avg. Volume: 276,056
• 30 Day Avg. Volume: 116,477
• PEG Ratio: 0.00
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.47K
• 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): AU$3.10M

• Rating: 46 Neutral
• Price Target: AU$0.04 ▲(40.00% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is mainly held down by weak financial performance (no revenue, ongoing losses, and negative operating/free cash flow). Technicals provide some support via an uptrend versus longer-term moving averages, but overbought momentum signals add near-term risk. Valuation remains pressured because the company is loss-making (negative P/E) and no dividend yield is available.

Positive Factors

Conservative leverage

Consistently low debt-to-equity in the mid-teens gives the company structural financial flexibility versus more highly leveraged peers. Over a 2–6 month horizon this reduces solvency risk, lowers fixed interest burden, and preserves capacity to fund exploration or bridge financing without immediate distress.

Growing equity base

An expanding equity base provides a longer-term capital buffer and improves credit resilience. This durable improvement supports capital-intensive E&P activities and potential partnerships or farm-outs, enabling strategic optionality while management seeks to translate assets into operating cash flow.

Improving free cash flow trend

A material narrowing of free cash flow losses signals progress on cost control or operational efficiency. If sustained, this trend reduces near-term financing needs and indicates a path toward break-even cash generation, improving the firm's ability to fund exploration or stabilize operations over the medium term.

Negative Factors

No revenue reported

A complete absence of revenue over the reported period is a structural weakness: it prevents operating leverage, removes self-funding capacity, and forces reliance on external financing for core activities. Without demonstrable revenue generation, business viability and capital conversion remain highly uncertain.

Persistent negative cash flow

Continuous negative operating and free cash flow indicate a cash-burning model requiring ongoing injections of capital to sustain operations. This structural cash deficit constrains investment, risks dilution from fundraising, and limits the company's ability to seize medium-term development or commercialization opportunities.

Negative returns on equity

Consistently negative ROE shows the company is not converting capital into profitable returns, damaging investor confidence and long-term capital attraction. Structurally weak ROE reduces ability to finance growth from internal sources and suggests the asset base is under-earning relative to capital deployed.

NuEnergy Gas Limited Business Overview & Revenue Model

Company Description

NuEnergy Gas Limited, an independent clean energy company, focuses on the acquisition, exploration, and development of coal bed methane gas projects in Indonesia. It operates six unconventional gas production sharing contracts covering an area of 3,695 square kilometers across South Sumatra, Central Sumatra, and East Kalimantan. The company was incorporated in 1985 and is based in Sydney, Australia. NuEnergy Gas Limited is a subsidiary of Globaltec Formation Berhad.

How the Company Makes Money

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NuEnergy Gas Limited Financial Statement Overview

Summary

Overall fundamentals are weak: no revenue reported, persistent operating/net losses, and consistently negative operating and free cash flow, implying a cash-burning model. The main offset is a comparatively conservative balance sheet with low debt-to-equity, which provides some financial flexibility but does not resolve the lack of profitability and cash generation.

Income Statement

The company reports no revenue across the entire period provided, which materially limits operating leverage and visibility on business momentum. Profitability is consistently negative in recent years (net losses in 2022–2025 and operating losses throughout), indicating an ongoing cash-burning operating model. A notable positive outlier appears in 2021 with positive net income, but it was not sustained and results reverted to losses afterward, reducing confidence in earnings quality and repeatability.

Balance Sheet

Leverage appears contained with debt-to-equity consistently in the mid‑teens (~0.14–0.19), suggesting the balance sheet is not heavily debt-funded. Equity is sizable relative to debt and has generally increased versus 2020 levels, providing some financial flexibility. However, returns on equity are negative in most years (2020 and 2022–2025), implying capital is not currently being converted into durable profitability and the asset base may be under-earning.

Cash Flow

Operating cash flow is negative in every year shown, signaling that core activities are not self-funding. Free cash flow is also consistently negative, implying ongoing funding needs to sustain operations and investment. There is a sharp improvement in 2025 versus 2024 (free cash flow loss narrowing materially), but cash generation remains below break-even and therefore still a key risk.

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	0.00	0.00	0.00	0.00	0.00	-27.68K
EBITDA	-334.26K	0.00	-480.00K	-642.00K	-1.23M	6.98M
Net Income	-587.06K	-941.12K	-807.00K	-1.04M	-1.91M	6.66M
Balance Sheet
Total Assets	51.17M	48.84M	42.43M	43.51M	42.69M	40.53M
Cash, Cash Equivalents and Short-Term Investments	2.56M	2.43M	145.79K	2.04M	4.13M	6.18M
Total Debt	5.27M	5.28M	4.86M	4.56M	4.15M	3.56M
Total Liabilities	17.10M	16.90M	16.15M	16.15M	15.52M	14.24M
Stockholders Equity	33.65M	31.52M	25.86M	26.94M	26.75M	26.16M
Cash Flow
Free Cash Flow	-3.16M	-3.03K	-1.66M	-2.07M	-1.47M	-1.86M
Operating Cash Flow	644.13K	-603.00	-234.87K	-700.26K	-276.27K	-700.99K
Investing Cash Flow	-6.42M	-3.05K	-1.06M	-1.37M	2.04M	1.56M
Financing Cash Flow	3.43M	5.94K	0.00	2.06M	-1.76M	578.23K

NuEnergy Gas Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NGY, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.03, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 60.67 is Neutral, neither overbought nor oversold. The STOCH value of 20.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NGY.

NuEnergy Gas Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PVE	74 Outperform	AU$79.97M	4.25	19.11%	―	58.52%	74.07%
CTP	70 Outperform	AU$67.00M	-6.85	11.28%	―	17.42%	-38.46%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
BRK	64 Neutral	AU$51.56M	1.95	4.88%	―	53.56%	-67.96%
NGY	46 Neutral	AU$82.52M	-54.89	-2.89%	―	―	-20.00%
HYT	44 Neutral	AU$26.68M	-6.11	-9.86%	―	―	―
JGH	40 Underperform	AU$53.34M	-9.62	-34.32%	―	―	―

NuEnergy Gas Limited Corporate Events

NuEnergy Gas Issues Interim Half-Year Financial Report for December 2025

NuEnergy Gas Limited has released its half-year financial report for the period ended 31 December 2025, providing condensed consolidated financial statements and related disclosures. The report is an interim document and is intended to be read in conjunction with the company’s full-year 30 June 2025 annual report and any market announcements made during the half-year in compliance with continuous disclosure obligations, signaling ongoing transparency for investors and regulators.

The half-year report includes the directors’ report, auditor’s independence declaration, reviewed financial statements, and the independent auditor’s review report. By issuing this interim financial update, NuEnergy Gas maintains regular communication with stakeholders on its financial position and performance, though no specific operational results or strategic changes are detailed in the released text.

The most recent analyst rating on (AU:NGY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on NuEnergy Gas Limited stock, see the AU:NGY Stock Forecast page.

NuEnergy amends quarterly report as Tanjung Enim gas project advances

NuEnergy Gas Limited has issued an amended December 2025 quarterly activities report to meet additional ASX disclosure requirements, including detailed summaries of exploration and development expenses, a tenement schedule, and confirmation of no related-party payments. The revision, approved by the board, accompanies operational progress at the Tanjung Enim coal bed methane project, where all four wells for the 1 MMSCFD Early Gas Sales Initiative have been completed, gas flows are ramping up ahead of first sales expected in the first half of FY26, and a collaboration with PT Beijing Energy Linking is set to fully finance the larger 25 MMSCFD POD 1 development, supported by a recent ~$3.5 million entitlement offer.

The company’s updated report aligns its disclosures with ASX rules while underscoring that four CBM wells for its 1 MMSCFD early gas sales program at Tanjung Enim are now drilled and progressing toward initial production in FY26. NuEnergy also highlights a financing collaboration with PT Beijing Energy Linking for the 25 MMSCFD POD 1 expansion and the successful completion of a partially underwritten entitlement offer raising about $3.5 million to advance Tanjung Enim and other PSCs.

The most recent analyst rating on (AU:NGY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on NuEnergy Gas Limited stock, see the AU:NGY Stock Forecast page.

NuEnergy Advances Tanjung Enim CBM Project with Well Completions, Funding and New Development Partner

NuEnergy Gas Limited has completed all four planned wells under its 1 MMSCFD Early Gas Sales Initiative at the Tanjung Enim PSC in South Sumatra, marking the first phase of a broader 25 MMSCFD development program. Dewatering and gas flaring operations have commenced, confirming coal bed methane across multiple seams and progressing towards first gas sales expected in the first half of FY26 under a binding gas sales and purchase agreement with PT Perusahaan Gas Negara, a leading Indonesian gas distributor. The company also signed a collaboration agreement with PT Beijing Energy Linking, under which the partner will finance 100% of the full-scale 25 MMSCFD POD 1 field development at a capped contract price to be repaid from future gas sales, and completed a partially underwritten entitlement offer raising approximately $3.5 million to support the Tanjung Enim initiative and other PSCs, underscoring a significant step in commercialising its CBM portfolio and strengthening its position in Indonesia’s domestic gas supply chain.

The most recent analyst rating on (AU:NGY) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on NuEnergy Gas Limited stock, see the AU:NGY Stock Forecast page.

NuEnergy Secures Fully Funded 25 MMSCFD CBM Development at Tanjung Enim

NuEnergy Gas Limited has signed a collaboration agreement with PT Beijing Energy Linking (PT BJEL), under which PT BJEL will be appointed lead EPCC contractor and will finance 100% of the field development for NuEnergy’s Tanjung Enim and Muralim CBM projects in South Sumatra, subject to final EPCC contracts. The arrangement, focused initially on Tanjung Enim Plan of Development 1, will see development costs repaid from future gas sales and covers drilling, surface facilities, pipelines and commissioning to ramp production from around 1 MMSCFD to a targeted 25 MMSCFD, effectively fully funding NuEnergy’s transition to full-scale gas output and accelerating project execution with the backing of major clean-energy players Beijing Energy International and Envision Group.

The most recent analyst rating on (AU:NGY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on NuEnergy Gas Limited stock, see the AU:NGY Stock Forecast page.