Peninsula Energy (PEN) AI Stock Analysis

• Market Cap: AU$399.47M
• Dividend Yield: N/A
• Average Volume (3M): 2.43M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.78
• Revenue Growth: -100.00%
• EPS Growth: 49.49%
• Country: US
• Employees: 56
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): -0.04
• Shares Outstanding: 407,618,560
• 10 Day Avg. Volume: 3,399,499
• 30 Day Avg. Volume: 2,430,021
• PEG Ratio: -1.78
• Price to Book (P/B): 0.52
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.97
• 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: AU$1.33
• Price Target Upside: 31.69% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -0.04
• Revenue Forecast (FY): AU$28.09M

• Rating: 54 Neutral
• Price Target: AU$1.00 ▼(-0.99% Downside)

The score is held back most by weak financial performance—zero revenue in FY2025, continued losses, and material cash burn—partially cushioned by very low leverage. Technicals are supportive with price above key moving averages and positive MACD, but overbought RSI/Stoch readings add near-term risk. Valuation is not supportive due to the loss-making profile and no dividend yield.

Positive Factors

Low leverage / strong balance sheet

Very low debt versus equity gives the company durable financial flexibility: it reduces refinancing and interest-rate risk, provides a buffer to fund operations or restart production, and lowers likelihood of solvency stress while development or permitting timelines play out.

Core US ISR asset (Lance Projects)

Owning the Lance Projects in Wyoming with established ISR capability situates the company in a jurisdictionally stable, resource-rich basin. This structural positioning supports long-term access to North American fuel-cycle customers and preserves optionality to scale production as market conditions normalise.

Integrated production-to-sales model

Control over extraction, processing and sales creates a vertical model that can capture margin across the value chain once volumes resume. Long-term, this integration supports contract negotiation, product quality control and stable delivery capabilities to fuel-cycle customers.

Negative Factors

Zero revenue in FY2025

Reporting zero revenue in the most recent fiscal year is a durable red flag: it indicates either halted sales or production issues. Without recurring revenue the company cannot self-fund operations, increasing dependency on external financing and raising execution risk over the medium term.

Negative operating and free cash flow

Persistent negative operating and free cash flow erodes liquidity and limits ability to invest in wellfield work, processing or remediation. Over months this forces reliance on capital markets, heightens dilution risk, and constrains the company's capacity to restore sustainable production.

Ongoing losses risk equity erosion

Sustained net losses lower shareholders' equity and weaken the balance sheet buffer. Over the medium term this reduces funding flexibility, may trigger covenant or permitting pressures, and increases probability of asset sales or equity dilution to sustain operations.

Peninsula Energy Business Overview & Revenue Model

Company Description

Peninsula Energy Limited, together with its subsidiaries, engages in the exploration, development, and mining of uranium deposits in the United States. Its flagship project is its 100% owned Lance uranium project located in Wyoming. The company was formerly known as Peninsula Minerals Limited and changed its name to Peninsula Energy Limited in November 2010. Peninsula Energy Limited was incorporated in 1993 and is based in Subiaco, Australia.

How the Company Makes Money

Peninsula Energy makes money through the extraction and sale of uranium from its mining operations. The company generates revenue by producing uranium oxide concentrate (U3O8) and selling it to utilities and other entities involved in nuclear energy production. Key revenue streams include long-term supply contracts and spot market sales of uranium. The company's earnings are influenced by factors such as uranium market prices, production efficiency, and operational costs. Strategic partnerships and alliances with other industry players also play a role in supporting its revenue generation and growth.

Peninsula Energy Financial Statement Overview

Summary

Overall fundamentals are weak despite a strong balance sheet. Revenue deteriorated sharply to zero in FY2025 and losses persisted across all periods, while cash flow quality is poor with negative operating cash flow and deep negative free cash flow in FY2025. The main offsetting positive is negligible debt and a relatively sizable equity base, which lowers balance-sheet risk.

Income Statement

Revenue has been highly volatile and recently deteriorated sharply, falling to zero in FY2025 after strong levels in FY2023–FY2024. Profitability remains weak: the company has reported net losses every year provided, with FY2025 showing a large negative gross profit, indicating costs outweighed any revenue base. While FY2023 losses were comparatively smaller, the overall trajectory shows inconsistent scale and no sustained path to positive operating earnings.

Balance Sheet

The balance sheet is a relative strength: total debt is negligible versus equity across all periods, implying very low leverage and limited balance-sheet financial risk. Equity is sizable and has generally grown versus earlier years (though it declined from FY2024 to FY2025), providing a buffer to fund operations. The key weakness is persistent negative returns on equity driven by ongoing losses, which can erode the equity base over time if not reversed.

Cash Flow

Cash generation is inconsistent and recently pressured. Operating cash flow swung between positive and negative, turning negative again in FY2025, which reduces near-term flexibility. Free cash flow is predominantly negative and was deeply negative in FY2025, signaling significant cash burn; although free cash flow growth was positive in FY2025, the absolute level remained materially weak. Overall, cash flow performance does not yet show stable self-funding operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	453.82K	0.00	11.87M	60.06M	25.23M	9.84M
Gross Profit	-4.36M	-11.35M	1.77M	2.65M	2.89M	1.26M
EBITDA	-15.03M	-4.53M	-5.79M	-4.31M	470.00K	6.58M
Net Income	-11.72M	-12.49M	-12.41M	-5.27M	-6.39M	-1.43M
Balance Sheet
Total Assets	213.62M	208.72M	213.23M	177.84M	137.79M	107.41M
Cash, Cash Equivalents and Short-Term Investments	44.92M	9.17M	99.85M	21.45M	7.58M	6.70M
Total Debt	4.00K	2.00K	1.00K	4.00K	16.00K	616.03K
Total Liabilities	36.29M	38.60M	28.03M	40.97M	31.00M	29.75M
Stockholders Equity	177.33M	170.12M	186.24M	138.43M	108.31M	78.85M
Cash Flow
Free Cash Flow	-79.44M	-90.70M	-28.23M	-10.90M	1.41M	-17.60M
Operating Cash Flow	-5.89M	-8.84M	4.81M	7.48M	2.82M	-17.40M
Investing Cash Flow	-73.55M	-81.86M	-32.89M	-12.18M	-990.00K	-194.00K
Financing Cash Flow	106.42M	104.00K	106.47M	21.07M	-106.00K	11.88M

Peninsula Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.01
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PEN, the sentiment is Positive. The current price of 1.01 is above the 20-day moving average (MA) of 0.81, above the 50-day MA of 0.64, and above the 200-day MA of 0.51, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 76.84 is Negative, neither overbought nor oversold. The STOCH value of 83.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PEN.

Peninsula Energy 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%
BMN	56 Neutral	$838.99M	-192.28	-2.73%	―	―	60.83%
PEN	54 Neutral	AU$399.47M	-11.32	-7.01%	―	-100.00%	49.49%
AEE	52 Neutral	£206.97M	-13.28	-26.26%	―	―	-75.25%
EL8	50 Neutral	AU$186.39M	-12.71	-69.11%	―	―	1.38%
EME	50 Neutral	AU$24.11M	-47.73	-0.93%	―	―	8.33%
BKY	46 Neutral	AU$258.85M	-49.18	-6.30%	―	―	-67.12%

Peninsula Energy Corporate Events

Peninsula Advances Lance Ramp-Up as Mine Unit 4 Outperforms and Production Guidance Affirmed

Peninsula Energy has advanced the operational ramp-up at its Lance Uranium Project, with acidification now underway at a second header house in Mine Unit 4 (MU-4) and performance at the first header house exceeding expectations on flow rates and pH reduction. Revised wellfield designs, faster development of all six header houses in MU-4, and continued commissioning progress at the central processing plant are expected to offset weaker production from Mine Unit 3 and keep the company on track to meet its 2026 uranium production guidance of 0.4–0.5 million pounds, underscoring MU-4’s strategic role in the production reset and its leverage to a more supportive US uranium policy backdrop.

The most recent analyst rating on (AU:PEN) stock is a Hold with a A$0.85 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.

Soul Pattinson Ceases to Be Substantial Holder in Peninsula Energy

Washington H. Soul Pattinson and Company Limited and its subsidiaries have notified Peninsula Energy that they have ceased to be a substantial holder in the company as of 29 December 2025, following changes in relevant interests in Peninsula’s voting securities since their previous notice earlier in December. The move signals a reduction in exposure by a prominent institutional investor, which may influence Peninsula Energy’s shareholder base composition and could affect perceptions of institutional support and liquidity in the stock, although Soul Pattinson’s direct relevant interest in the related entity remains unchanged from mid-2025 levels.

The most recent analyst rating on (AU:PEN) stock is a Hold with a A$0.68 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.

Peninsula Advances Key Mine Unit at Lance to Underpin 2026 Uranium Ramp-Up

Peninsula Energy has achieved a key operational milestone at its Lance Uranium Project in Wyoming, with Header House 14 in Mine Unit 4 (MU-4) entering the acidification stage after receiving injection approval from Wyoming’s environmental regulator. Acidification at this header house is expected to run for about three months before uranium-bearing fluids are sent to the central processing plant (CPP), while construction and upcoming acidification of additional header houses 16 and 15 underpin MU-4’s role in delivering about 60% of the company’s uranium production forecast for 2026 and 2027. The company has optimised its wellfield design to accelerate acidification and boost recovery rates, with pump tests in MU-4 indicating stronger flows than in the earlier mine unit and supporting its production reset plan. Concurrently, Peninsula is advancing commissioning and debottlenecking at the CPP, including installing a fibre‑reinforced plastic piping system and enhancing water purification to improve product quality, leaving the company confident it can meet its 2026 production guidance of 0.4–0.5 million pounds of uranium and strengthen its position as a long-term U.S. uranium producer.

The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.

Peninsula Energy Announces Director’s Acquisition of Service Rights

Peninsula Energy Limited announced a change in the director’s interest, with Keith Bowes acquiring 37,944 service rights. These rights were issued as approved by shareholders at the recent AGM and will vest over a two-year period, reflecting the company’s ongoing commitment to aligning management interests with shareholder value.

The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.

Peninsula Energy Announces Director’s Interest Change

Peninsula Energy Limited announced a change in the director’s interest, with Tejal Magan acquiring 37,944 service rights. These rights were issued following shareholder approval at the recent AGM and will vest over two years, potentially impacting the company’s governance and aligning director interests with long-term company performance.

The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.

Peninsula Energy Announces Director’s Acquisition of Performance Rights

Peninsula Energy Limited announced a change in the director’s interest, with George Bauk acquiring 1,424,830 Class A Performance Rights. This acquisition was approved by shareholders at the recent AGM and is valued at A$747,972. The Performance Rights will be assessed over a three-year period ending in 2028, potentially impacting the company’s strategic direction and stakeholder interests.

The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.

Peninsula Energy Issues Unquoted Securities

Peninsula Energy Limited has announced the issuance of 37,944 unquoted securities under the ASX code PENAZ, as part of previously disclosed transactions. This issuance, effective November 28, 2025, is not intended to be quoted on the ASX, indicating a strategic move by the company to manage its equity structure, potentially impacting its market operations and stakeholder interests.

The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.

Peninsula Energy’s AGM Approves All Resolutions, Strengthening Strategic Direction

Peninsula Energy Limited announced that all resolutions at its Annual General Meeting were approved by poll. This includes the adoption of the remuneration report and the election and re-election of directors. The successful passing of these resolutions supports Peninsula’s strategic direction and governance, reinforcing its position in the uranium industry as it continues to expand its operations and market presence.

The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.

Peninsula Energy Issues New Unquoted Securities

Peninsula Energy Limited has announced the issuance of 5,703,741 unquoted Performance Rights Class A securities as part of a previously disclosed transaction. This move is part of the company’s strategic financial maneuvers, potentially impacting its equity structure and signaling ongoing developments in its corporate strategy.

The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.03 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.

Peninsula Energy Reports Strong Financing Amidst Cash Outflows

Peninsula Energy Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $7.3 million, primarily due to staff and administrative costs, and sales contract expenses. Despite significant investments in the Lance Project totaling $11 million, the company secured $45.2 million from financing activities, indicating a strong financial position to support its ongoing projects.

The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.03 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.

Peninsula Energy Achieves Milestone with Yellowcake Production at Lance Uranium Project

Peninsula Energy has announced successful production of yellowcake at its Lance Uranium Operation in Wyoming, marking a significant milestone for the company. The production follows a pre-operational inspection and aligns with a revised production schedule that anticipates increased output through 2027. The company has also completed a substantial equity raise and secured a convertible debt facility to support its production goals. The appointment of new non-executive directors and the retirement of long-standing board members indicate a leadership refresh. Peninsula’s strategic focus is on sustainable production and operational excellence, with the aim of strengthening its position as a key player in the US uranium market.

The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.03 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.