Pure Hydrogen Corporation Limited Registered Shs (P1E) AI Stock Analysis

• Market Cap: AU$28.75M
• Dividend Yield: N/A
• Average Volume (3M): 340.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.99
• Revenue Growth: 133.07%
• EPS Growth: -288.18%
• Country: AU
• Employees: 12
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): N/A
• Shares Outstanding: 388,495,480
• 10 Day Avg. Volume: 311,302
• 30 Day Avg. Volume: 340,538
• PEG Ratio: >-0.01
• Price to Book (P/B): 2.25
• Price to Sales (P/S): 12.36
• P/FCF Ratio: -8.38
• 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): <0.01
• Revenue Forecast (FY): AU$49.70M

• Rating: 45 Neutral
• Price Target: AU$0.07

Pure Hydrogen Corporation's overall stock score is primarily impacted by its financial performance, which is hindered by profitability and cash flow issues despite strong revenue growth. Technical analysis indicates neutral momentum, while valuation concerns due to a negative P/E ratio further weigh down the score.

Positive Factors

Revenue Growth

Very large recent revenue gains demonstrate commercial traction and expanding market reach in hydrogen sales. This durable top-line momentum provides a stronger base to scale operations and attract partners, improving prospects for future operating leverage if cost control follows.

Low Leverage / Capital Structure

Limited reliance on debt reduces refinancing and interest-rate risks, preserving balance-sheet flexibility. This structural financial strength supports multi-quarter project development and partnership funding without immediate liquidity pressure, aiding long-term strategic execution.

Strategic Position in Hydrogen

Operating with proprietary hydrogen technology and pursuing partnerships positions the company to capture structural demand from transport, industrial and power sectors. These industry tailwinds for clean hydrogen underpin durable growth opportunities beyond short-term cycles.

Negative Factors

Profitability

Persistent negative margins indicate the business is not yet economically sustainable. Continued unprofitability constrains reinvestment, raises the bar for achieving positive returns, and requires structural cost or pricing improvements to reach durable profitability.

Cash Flow Deficits

Ongoing negative operating and free cash flows create durable liquidity risk. Continued cash burn may force external financing or project delays, limiting ability to scale capital-intensive hydrogen developments and increasing the likelihood of dilutive funding over the medium term.

Return on Equity & Scale

Negative ROE signals difficulty delivering shareholder value from invested capital. Combined with a very small operational team (12 employees), this suggests limited execution bandwidth and higher operational risk when scaling complex hydrogen projects over the next several quarters.

Pure Hydrogen Corporation Limited Registered Shs Business Overview & Revenue Model

Company Description

Pure One Corporation Limited engages in the development of zero emissions vehicles and natural gas energy projects in Australia and Botswana. It also provides refrigeration trucks, forklifts, and buses. The company was formerly known as Pure Hydrogen Corporation Limited and change its name to Pure One Corporation Limited in December 2025. The company is based in Crows Nest, Australia.

How the Company Makes Money

Pure Hydrogen Corporation Limited Registered Shs Financial Statement Overview

Summary

Pure Hydrogen Corporation shows strong revenue growth but struggles with profitability and cash flow management. The company has low debt levels, providing some financial stability, but faces challenges in converting revenue into profit and positive cash flow.

Income Statement

Pure Hydrogen Corporation has shown significant revenue growth, particularly in the most recent year with a 389.61% increase. However, the company struggles with profitability, as indicated by negative gross and net profit margins, and consistently negative EBIT and EBITDA margins. This suggests operational inefficiencies and challenges in managing costs relative to revenue.

Balance Sheet

The company maintains a low debt-to-equity ratio, indicating limited reliance on debt financing, which is a positive sign of financial stability. However, the negative return on equity highlights challenges in generating returns for shareholders. The equity ratio is relatively healthy, suggesting a solid capital structure, but the overall financial health is impacted by poor profitability.

Cash Flow

Cash flow analysis reveals negative operating and free cash flows, indicating potential liquidity issues. The free cash flow to net income ratio is slightly above 1, suggesting that cash flows are not significantly worse than reported earnings. However, the negative growth in free cash flow and operating cash flow coverage ratio below 1 highlight ongoing cash management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	17.63K	2.40M	1.03M	36.00K	0.00	0.00
Gross Profit	-12.34K	122.00K	142.00K	36.00K	-2.00K	-2.00K
EBITDA	-1.34M	-4.33M	-5.45M	-4.16M	-2.24M	-2.78M
Net Income	-1.36M	-15.98M	-3.92M	1.41M	-2.51M	-2.78M
Balance Sheet
Total Assets	23.55M	23.69M	32.45M	33.42M	30.46M	23.55M
Cash, Cash Equivalents and Short-Term Investments	10.10M	2.09M	5.97M	12.60M	9.53M	10.10M
Total Debt	0.00	231.00K	147.00K	0.00	0.00	0.00
Total Liabilities	1.38M	11.54M	4.82M	2.78M	2.10M	1.38M
Stockholders Equity	22.17M	13.20M	28.18M	30.64M	28.36M	22.17M
Cash Flow
Free Cash Flow	-842.22K	-3.54M	-2.29M	3.93M	-2.38M	-1.12M
Operating Cash Flow	-839.94K	-3.32M	-1.93M	3.93M	-1.96M	-1.12M
Investing Cash Flow	-242.94K	-1.58M	-5.11M	-2.11M	-1.92M	-320.00K
Financing Cash Flow	8.21M	1.00M	402.00K	1.25M	3.31M	10.68M

Pure Hydrogen Corporation Limited Registered Shs Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Pure Hydrogen Corporation Limited Registered Shs Corporate Events

Pure One Advances Zero‑Emission Strategy with New Partnerships, Asset Spin‑Out and Funding

Pure One Corporation reported a quarter of strategic progress marked by a new manufacturing and assembly term sheet with Advanced Manufacturing Queensland to establish local zero‑emission vehicle assembly, and a series of partnerships aimed at accelerating hydrogen fuel cell vehicle deployment in the US, including a Joint Market Development Agreement with Utility Global and an MOU with Hago Energetics. The company advanced the planned spin‑out of its Australian gas assets through Eastern Gas’s IPO, agreed to sell its 40% stake in Turquoise Group for AUD 5 million, completed delivery of a hydrogen fuel cell waste collection truck now in operation for Byron Bay Council, secured a AUD 2.5 million strategic funding facility, and completed its rebranding to Pure One Corporation Limited, ending the quarter with AUD 1.9 million in cash and around AUD 7.9 million in undrawn credit lines to support its growing sales pipeline and near‑term growth initiatives.

The most recent analyst rating on (AU:P1E) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Pure Hydrogen Corporation Limited Registered Shs stock, see the AU:P1E Stock Forecast page.

Pure One Flags Eastern Gas Supplementary Prospectus as It Expands Clean Energy Footprint

Pure One Corporation Limited has notified the market that Eastern Gas Corporation Limited has lodged a Supplementary Prospectus dated 16 January 2026, providing an administrative update to investors and stakeholders regarding Eastern Gas’s capital markets documentation. The announcement underscores Pure One’s role as a diversified clean energy and natural gas participant with strategic interests in related energy businesses, reinforcing its positioning within the broader transition-energy ecosystem while it continues to expand its zero-emission mobility and clean energy investment portfolio.

The most recent analyst rating on (AU:P1E) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Pure Hydrogen Corporation Limited Registered Shs stock, see the AU:P1E Stock Forecast page.

Pure One Director Prefontaine Increases Stake via Approved Share Placement

Pure One Corporation Limited has disclosed a change in the interests of director Ron Prefontaine, who has increased his holdings through participation in a previously approved share placement. Through the Prefontaine Super Fund account, he acquired 294,118 ordinary shares and 147,059 unlisted options for A$25,000 in cash, lifting his total beneficial holding to 19,034,403 ordinary shares and adding the options with a 2028 expiry. This incremental investment underscores continued insider support for the company’s capital-raising program and signals confidence from a key director, which may be viewed positively by shareholders monitoring board alignment and future dilution impacts.

The most recent analyst rating on (AU:P1E) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Pure Hydrogen Corporation Limited Registered Shs stock, see the AU:P1E Stock Forecast page.

Pure One Issues 441,177 Unquoted Options Expiring in 2028

Pure One Corporation Limited, listed on the ASX under the code P1E, operates as a publicly traded company; however, this notification provides no further detail on its specific industry, products or services, or target markets.

The company has issued 441,177 unquoted options, exercisable at A$0.15 and expiring on 5 September 2028, as part of a previously announced transaction, with the issue dated 22 December 2025. These options, which will not be quoted on the ASX, modestly expand Pure One’s pool of potential equity and may form part of an incentive or funding structure that could lead to future dilution for existing shareholders if exercised.

The most recent analyst rating on (AU:P1E) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Pure Hydrogen Corporation Limited Registered Shs stock, see the AU:P1E Stock Forecast page.

Pure One Seeks ASX Quotation for 882,353 New Ordinary Shares

Pure One Corporation Limited, listed on the ASX under the code P1E, operates as a publicly traded company, though the announcement does not specify its industry, core products, or target markets. The company remains subject to ASX listing rules and disclosure requirements as it manages its capital structure and listed securities.

Pure One has applied for quotation on the ASX of 882,353 new fully paid ordinary shares, with an issue date of 22 December 2025, under an Appendix 2A filing. These securities were issued as part of a previously announced transaction and their quotation will increase the number of tradable shares on market, modestly expanding the company’s free float and potentially improving liquidity for existing and new shareholders.

The most recent analyst rating on (AU:P1E) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Pure Hydrogen Corporation Limited Registered Shs stock, see the AU:P1E Stock Forecast page.

Pure One to Exit Turquoise Group Stake in $5m Strategic Sell-Down

Pure One Corporation Limited has agreed to sell its entire 40% equity stake in Turquoise Group Pty Ltd via a conditional share buy-back for total consideration of AUD 5 million, comprising AUD 3.5 million on completion and a further AUD 1.5 million payable within 12 months, with an option to extend subject to interest. The divestment, which is expected to generate a profit of about AUD 3.4 million and is subject to customary due diligence, funding and regulatory conditions, marks a strategic exit from a non-core investment and will allow Pure One to redeploy capital into its core zero-emission mobility and clean energy technologies, sharpening its strategic focus and potentially strengthening returns for shareholders.

The most recent analyst rating on (AU:P1E) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Pure Hydrogen Corporation Limited Registered Shs stock, see the AU:P1E Stock Forecast page.

Pure One Tightens Eastern Gas Disclosure After ASX Feedback

Pure One Corporation Limited has updated the investor presentation accompanying its earlier announcement on the prospectus for Eastern Gas Corporation Limited following feedback from the ASX. The revisions add detailed source references, a clearer 1P and 1C resource comparison against a refined peer group limited to companies at a similar appraisal stage, and updated peer data based on 10 December 2025 pricing, while removing a prior table of implied values that the company now says lacked a reasonable basis and should not be relied upon. The changes are intended to improve transparency, consistency and comparability for investors assessing Eastern Gas, while signalling tighter compliance with disclosure standards that may help underpin market confidence in the group’s capital-markets communications.

The most recent analyst rating on (AU:P1E) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Pure Hydrogen Corporation Limited Registered Shs stock, see the AU:P1E Stock Forecast page.

Pure One’s Eastern Gas Subsidiary Lodges Replacement Prospectus to Raise $5.5 Million

Pure One Corporation Limited announced that its subsidiary, Eastern Gas Corporation Limited, has lodged a Replacement Prospectus with the Australian Securities and Investments Commission. This prospectus offers up to 27.5 million shares at $0.20 each, aiming to raise approximately $5.5 million. The move is significant for Pure One as it strengthens its financial standing and supports its strategic initiatives in the clean energy sector, potentially enhancing its market position and offering opportunities for existing shareholders.

The most recent analyst rating on (AU:P1E) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Pure Hydrogen Corporation Limited Registered Shs stock, see the AU:P1E Stock Forecast page.