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Pilot Energy Limited
(Sydney:PGY)
Pilot Energy Limited (PGY) vs. iShares MSCI Australia ETF (EWA)
Pilot Energy Limited Business Overview & Revenue Model
Pilot Energy Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 773.03K | 458.57K | 434.04K | 394.30K | 350.15K | 251.49K |
| Gross Profit | 729.82K | 372.14K | 434.04K | 421.08K | 425.76K | 313.15K |
| EBITDA | -5.13M | -5.13M | -4.09M | -4.25M | -5.03M | -3.17M |
| Net Income | -7.15M | -7.15M | -4.82M | -4.19M | -2.71M | -3.83M |
Balance Sheet | ||||||
| Total Assets | 38.13M | 38.13M | 23.52M | 15.99M | 12.26M | 11.99M |
| Cash, Cash Equivalents and Short-Term Investments | 1.31M | 1.31M | 3.80M | 1.66M | 2.02M | 5.46M |
| Total Debt | 19.73M | 19.73M | 5.87M | 3.05M | 250.91K | 34.08K |
| Total Liabilities | 27.40M | 27.40M | 8.46M | 3.95M | 1.81M | 920.27K |
| Stockholders Equity | 10.73M | 10.73M | 15.05M | 12.04M | 10.45M | 11.07M |
Cash Flow | ||||||
| Free Cash Flow | -7.58M | -5.86M | -4.47M | -5.04M | -3.24M | -4.11M |
| Operating Cash Flow | -5.86M | -5.86M | -3.90M | -2.79M | -2.63M | -3.19M |
| Investing Cash Flow | -13.12M | -13.12M | -3.87M | -4.79M | -2.40M | -973.96K |
| Financing Cash Flow | 16.52M | 16.52M | 9.92M | 7.22M | 1.59M | 9.61M |
Pilot Energy Limited 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% | |
52 Neutral | AU$19.18M | 43.33 | 2.14% | ― | -22.76% | ― | |
50 Neutral | AU$20.31M | -2.03 | -59.58% | ― | 4.41% | -49.06% | |
50 Neutral | AU$23.53M | -13.93 | -14.62% | ― | ― | 58.82% | |
49 Neutral | AU$19.43M | -64.00 | -6.43% | 16.82% | ― | -257.14% | |
48 Neutral | AU$24.06M | -1.52 | -70.94% | ― | ― | ― | |
44 Neutral | AU$8.68M | -2.56 | -45.97% | ― | 0.69% | -30.00% |
Pilot Energy Limited Corporate Events
Pilot Energy Limited has announced the cessation of 10 million listed options (PGYAD), which carried an exercise price of A$0.07 and an expiry date of 4 November 2025, after these options expired without being exercised or converted. The lapse of these options results in a reduction in the company’s potential future share dilution and slightly simplifies its capital structure, though it does not immediately affect the current number of issued shares or the company’s operational activities.
The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
Pilot Energy Limited has issued 12,274,209 new shares to three consultants in lieu of cash payments for services rendered, opting to compensate these advisers through equity rather than cash. The company has lodged a cleansing notice confirming that the shares were issued without a prospectus under applicable Corporations Act provisions, and has affirmed its compliance with continuous disclosure and financial reporting obligations, signalling to the market that there is no excluded or undisclosed information affecting these securities.
The most recent analyst rating on (AU:PGY) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
Pilot Energy Limited has applied to the ASX for quotation of 12,274,209 new fully paid ordinary shares, issued under the company’s existing capital management arrangements. The additional securities, to be traded under the PGY code, will expand Pilot Energy’s quoted share capital and may enhance liquidity in its stock, signalling continued use of equity markets to support its corporate and funding activities.
The most recent analyst rating on (AU:PGY) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
Pilot Energy Limited has announced a proposed placement of up to 12,274,209 fully paid ordinary shares, to be issued on 8 January 2026, under an Appendix 3B notification to the ASX. The capital raising, via a placement or similar issue, will expand the company’s share base and provide additional funding capacity, with implications for shareholder dilution and potential support for Pilot Energy’s ongoing corporate and operational activities once the terms and use of proceeds are detailed to the market.
The most recent analyst rating on (AU:PGY) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
Pilot Energy Limited has entered a binding heads of agreement with SN Energy Australia to jointly develop a hybrid solar and battery energy storage project at its Three Springs site in Western Australia, alongside a proposed 50MW data centre. Under the deal, Pilot will receive $10.75 million in upfront and milestone payments, plus funding for grid connection work and a new development application, while SN Energy will fund acquisition of the project land, enabling the shift from a stand-alone solar concept to a firmed renewable power solution that better aligns with market demand and supports behind-the-meter data centre development; Pilot has also secured a $500,000 short-term unsecured loan from existing shareholders to support the initiative.
The most recent analyst rating on (AU:PGY) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
Pilot Energy Limited has scheduled its 2026 Annual General Meeting for 24 February 2026, with a formal notice to be sent to shareholders and lodged with the ASX in the coming weeks. In line with ASX Listing Rules, the company has set 5:00 pm (AEDT) on 12 January 2026 as the deadline for lodging valid director nominations at its registered office in West Perth, signalling the start of its annual governance and board renewal process for the year.
The most recent analyst rating on (AU:PGY) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
Pilot Energy Limited has released its 2025 Corporate Governance Statement, outlining the extent to which it has followed the ASX Corporate Governance Council’s 4th edition Principles and Recommendations for the year ended 30 September 2025. The board-approved statement details the allocation of roles and responsibilities between the board and management, confirms compliance with key governance recommendations such as maintaining a formal Board Charter, and underscores the company’s commitment to transparency and proper oversight in managing shareholder interests.
The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
Pilot Energy Limited has released its Annual Report for the year ended 30 September 2025, outlining its corporate structure, governance framework and key professional advisers. The report confirms its status as an ASX-listed Australian public company and details its board composition, company secretary, registered office, legal and audit advisers, and share registry arrangements, reinforcing the company’s corporate transparency and compliance within the local capital markets.
The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
Pilot Energy Limited has secured a $1.52 million R&D Tax Incentive refund facility from Radium Capital to accelerate the receipt of its FY2025 R&D refund. This financing represents 85% of the expected $1.8 million refund and will be used to support ongoing projects, including the Cliff Head Carbon Storage Project. The move underscores Pilot’s strategy to recycle capital for its clean energy initiatives and strengthens its relationship with a leading R&D financing provider, potentially aiding future funding efforts.
The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
Pilot Energy Limited has sold an option to lease a solar development site to Strike Energy Limited, which is adjacent to Strike’s South Erregulla Peaking Power project transmission corridor. The sale was influenced by the Commonwealth Government’s exclusion of blue hydrogen from the Hydrogen Production Tax Incentive, reducing the site’s importance for Pilot’s Mid West Clean Energy Project.
The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
Pilot Energy Limited has announced significant progress in its farmout process for the WA-481-P offshore North Perth Basin gas exploration project. The company is nearing the completion of securing joint venture partners, with offers expected to close by the end of December. This process is crucial for advancing the Leander Gas Discovery, with the timing of seismic acquisition and drilling campaigns to be determined through commercial negotiations. This development could enhance Pilot Energy’s operational capabilities and strategic positioning in the region.
The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
Pilot Energy Limited has announced the completion of the first drawdown of $957,438 under a $5.9 million PRRT refund debt facility with Finport Finance Pty Ltd. This facility will finance the abandonment, decommissioning, and rehabilitation expenditures associated with the Cliff Head oil field operations, covering approximately 40% of the ongoing costs through August 2027. The facility is structured as a revolving credit line, allowing for reborrowing once annual refunds are received, ensuring continued financial support for the project’s closure and transition activities.
Pilot Energy Limited has secured a $5.9 million PRRT refund debt financing facility from Finport Finance Pty Ltd to support the decommissioning and rehabilitation expenditures at the Cliff Head oil field. This facility allows for real-time funding of expenditures, significantly reducing the upfront financial burden on Pilot Energy and strengthening its capital position, while aligning repayments with the PRRT refund cycle.
Pilot Energy Limited has announced a strategic partnership with Kala Data to develop a modular data centre at its Arrowsmith Production Facility. This initiative aims to utilize surplus gas-fired power, generating early cash flow to support the transition of the Cliff Head oil field to carbon storage. The initial deployment will see a 1 MW data centre installed in early 2026, with plans to expand to 4 MW by mid-2026 and potentially up to 30 MW. This project positions Pilot Energy as a pioneer in establishing one of Western Australia’s first green data centres, integrating gas-fired generation, solar developments, and future carbon storage.