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Noble Helium Ltd.
(Sydney:NHE)
Noble Helium Ltd. (NHE) vs. iShares MSCI Australia ETF (EWA)
Noble Helium Ltd. Business Overview & Revenue Model
Noble Helium Ltd. Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.80K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 21.80K | -233.18K | -72.91K | -77.64K | 0.00 |
| EBITDA | -4.60M | -4.13M | -2.37M | -2.65M | -40.43K |
| Net Income | -10.97M | -5.06M | -2.44M | -2.75M | -165.42K |
Balance Sheet | |||||
| Total Assets | 48.89M | 51.16M | 22.26M | 10.72M | 308.50K |
| Cash, Cash Equivalents and Short-Term Investments | 37.09K | 2.26M | 4.04M | 8.46M | 13.15K |
| Total Debt | 5.44M | 4.75M | 0.00 | 0.00 | 20.11K |
| Total Liabilities | 11.07M | 6.39M | 1.23M | 198.72K | 27.03K |
| Stockholders Equity | 37.82M | 44.78M | 21.03M | 10.52M | 281.47K |
Cash Flow | |||||
| Free Cash Flow | -6.20M | -37.13M | -17.36M | -3.08M | -184.60K |
| Operating Cash Flow | -2.29M | -4.04M | -3.34M | -1.44M | -124.01K |
| Investing Cash Flow | -3.91M | -32.62M | -14.02M | -1.64M | -60.60K |
| Financing Cash Flow | 3.98M | 35.01M | 12.92M | 11.58M | 0.00 |
Noble Helium Ltd. Technical Analysis
Noble Helium Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$35.10M | -2.92 | -82.31% | ― | 7.08% | 33.70% | |
52 Neutral | AU$22.45M | -2.95 | -63.81% | ― | ― | 52.66% | |
47 Neutral | AU$17.39M | -0.96 | -26.56% | ― | ― | -41.67% | |
45 Neutral | AU$4.31M | -0.92 | ― | ― | ― | ― | |
45 Neutral | AU$43.25M | -10.44 | -6.05% | ― | -5.37% | -140.00% | |
43 Neutral | AU$22.18M | -1.69 | -869.14% | ― | 340.27% | 19.44% |
Noble Helium Ltd. Corporate Events
Noble Helium has secured an additional A$300,000 in short-term unsecured funding from its own board members, with Executive Chair Dennis Donald providing A$200,000 and director Jamie Clarke A$100,000, to support the company’s current working capital needs. The loan, fully drawn, carries a 12% interest rate, matures on 31 December 2026, is non-convertible into equity and unsecured, and is presented by the company as a sign of the board’s confidence in Noble Helium’s prospects, underscoring insider support but also highlighting reliance on director funding for ongoing operations.
The most recent analyst rating on (AU:NHE) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Noble Helium Ltd. stock, see the AU:NHE Stock Forecast page.
Noble Helium Limited has announced that 117,429,319 quoted options, each exercisable at $0.20 to acquire an ordinary share under ASX code NHEOA, expired unexercised at 5:00 PM AWST on 30 January 2026. The expiry of these options removes a sizeable potential source of future share issuance, slightly simplifying the company’s capital structure and clarifying the equity overhang for existing and prospective shareholders.
The most recent analyst rating on (AU:NHE) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Noble Helium Ltd. stock, see the AU:NHE Stock Forecast page.
Noble Helium Limited has notified the market of the issue of 7,446,810 unquoted options with an exercise price of A$0.06, designated as NHEAR, effective 4 February 2025. These options form part of previously announced transactions and are not intended to be quoted on the ASX, indicating a restructuring or incentivisation of capital that may affect the company’s ownership structure and align stakeholders through additional equity-linked instruments.
The most recent analyst rating on (AU:NHE) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Noble Helium Ltd. stock, see the AU:NHE Stock Forecast page.
The company outlined its strategic turnaround since early 2025, highlighting board changes, shareholder communications, challenge identification, and the appointment of Dennis Donald as chairman, culminating in the resolution of a key operational issue with the Marriott rig’s departure from Tanzania. This update signals renewed leadership focus and disciplined execution aimed at positioning Noble Helium to unlock one of the world’s largest independent helium resources and reinforce its standing in the critical technology supply chain.
The most recent analyst rating on (AU:NHE) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Noble Helium Ltd. stock, see the AU:NHE Stock Forecast page.
Noble Helium Ltd has lodged an Appendix 3B with the ASX detailing a proposed issue of unquoted options as part of a placement or similar capital-raising structure. The company plans to issue up to 7,446,810 unquoted options, exercisable at $0.06 or at a 50% premium to any capital raise conducted prior to the grant of the options, with the proposed issue date of 3 February 2026, indicating a move to incentivise stakeholders and potentially strengthen its capital position without an immediate share issuance.
The most recent analyst rating on (AU:NHE) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Noble Helium Ltd. stock, see the AU:NHE Stock Forecast page.
Noble Helium will host an investor webinar on 4 February 2026 to discuss its Q2 FY26 activities, with Executive Chairman Dennis Donald and Executive Director and Co-Founder Justyn Wood presenting updates on key corporate and operational developments, including progress on the proposed North Rukwa drilling campaign. The session, which will include a live Q&A and a recording available on the company’s website, underscores Noble Helium’s efforts to maintain transparent engagement with shareholders as it advances its exploration strategy and prepares for potentially value-defining drilling activity.
The most recent analyst rating on (AU:NHE) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Noble Helium Ltd. stock, see the AU:NHE Stock Forecast page.
Noble Helium reported that during the December 2025 quarter it completed planning for its drilling campaign on the western margin of the North Rukwa project in Tanzania and cleared significant financial hurdles that had constrained progress. The company repaid a convertible loan from Obsidian Global using a $1.46 million secured loan from major shareholder Duncan MacNiven, renegotiated the maturity of a VAT-related loan originally due on 31 December 2025, and, shortly after quarter-end, secured $2.15 million from professional and sophisticated investors plus a further $250,000 short-term interest-free loan from its Executive Chair to partly discharge and extend the VAT facility to 30 June 2027. Management says these steps remove key roadblocks to its planned 2026 drilling program, signalling strengthened financial support from major shareholders and investors and positioning Noble Helium to advance its Tanzanian helium exploration strategy.
The most recent analyst rating on (AU:NHE) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Noble Helium Ltd. stock, see the AU:NHE Stock Forecast page.
Noble Helium has secured an additional A$250,000 in short-term funding from its Executive Chair, Dennis Donald, under an unsecured loan agreement dated 15 January 2026, with the full amount immediately drawn to support working capital needs. The loan carries a 0% interest rate if repaid by 31 March 2026, rising to 12% per annum thereafter until its 31 December 2026 maturity, is non-convertible into equity, and is structured on standard commercial, arm’s length terms, highlighting both the board’s confidence in the company’s prospects and a near-term focus on refinancing, operational continuity, and strategic planning to be outlined in an upcoming webinar.
The most recent analyst rating on (AU:NHE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Noble Helium Ltd. stock, see the AU:NHE Stock Forecast page.
Noble Helium has restructured a $4.35 million VAT shortfall loan originally used to bridge delayed Tanzanian tax refunds, partially repaying and extending the remaining facilities to 30 June 2027 while reducing interest for several lenders and granting them conditional equity conversion rights and options. To support this refinancing and strengthen its balance sheet, the company has raised $2.15 million via a secured convertible loan note to professional and sophisticated investors, aligned the terms of an existing A$1.46 million secured loan with the new convertible structure, and says the changes remove a key hurdle to its broader refinancing and strategic turnaround, including implementation of the Rukwa drilling program this year.
The most recent analyst rating on (AU:NHE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Noble Helium Ltd. stock, see the AU:NHE Stock Forecast page.
Noble Helium Limited has announced the issuance of 15 million unquoted options as a part of a previously communicated transaction. These options have varied exercise prices and an expiration date set in December 2028. This move reflects the company’s efforts to bolster its financial and operational strategy, highlighting its proactive measures to support future growth and strengthen its foothold in the helium exploration market.
Noble Helium Limited has announced the issuance of 12,029,362 unquoted options under an employee incentive scheme, with an exercise price of $0.06 and an expiration date of November 26, 2028. This move may strengthen employee engagement and align interests with stakeholders, potentially improving operational performance and contributing to the company’s long-term growth within the helium exploration industry.
Noble Helium Limited has announced the issuance of 22,520,549 unquoted options under its employee incentive scheme, with an exercise price of $0.01 and expiration in November 2028. This move reflects the company’s commitment to retaining and incentivizing employees, which may play a pivotal role in advancing its operational and strategic ambitions in the helium industry.