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Provaris Energy Ltd
(OTC:PV1)
Provaris Energy Ltd (PV1) vs. iShares MSCI Australia ETF (EWA)
Provaris Energy Ltd Business Overview & Revenue Model
Provaris Energy Ltd Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| ― | -2.31M | -208.27K | -415.86K | -478.51K | -109.06K | EBIT |
| ― | -6.48M | -7.81M | -7.12M | -3.33M | -4.49M | EBITDA |
| -1.27M | -6.47M | -7.61M | -6.39M | -2.85M | -4.27M | Net Income Common Stockholders |
| ― | -6.13M | -12.41M | -6.76M | -3.09M | -2.88M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.19M | 953.13K | 5.07M | 11.62M | 6.56M | 3.14M | Total Assets |
| 1.70M | 1.23M | 5.23M | 17.35M | 12.47M | 9.48M | Total Debt |
| 179.56K | 286.80K | 0.00 | 0.00 | 0.00 | 64.71K | Net Debt |
| -1.01M | -457.13K | -2.07M | -11.62M | -6.56M | -3.07M | Total Liabilities |
| 747.93K | 998.73K | 896.94K | 832.98K | 219.44K | 259.38K | Stockholders Equity |
| 956.67K | 228.56K | 4.33M | 16.51M | 12.25M | 9.22M |
| Cash Flow | Free Cash Flow | ||||
| 2.10M | -6.35M | -6.56M | -4.81M | -2.56M | -2.48M | Operating Cash Flow |
| ― | -6.35M | -6.56M | -4.81M | -2.56M | -2.48M | Investing Cash Flow |
| ― | -209.20K | 6.54M | 0.00 | 3.50K | 0.00 | Financing Cash Flow |
| ― | 2.21M | 10.00 | 9.82M | 6.02M | 3.26M |
Provaris Energy Ltd Technical Analysis
Provaris Energy Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$3.12B | 1,418.92 | -36.53% | 12.62% | -28.50% | -532.61% | |
60 Neutral | $8.74B | 170.59 | 2.27% | ― | -20.07% | -74.91% | |
58 Neutral | $7.58B | 3.29 | -4.46% | 10.00% | 0.84% | -49.61% | |
53 Neutral | AU$161.61M | ― | -17.81% | ― | 87.89% | -344.44% | |
47 Neutral | $4.18B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
38 Underperform | AU$250.38M | ― | -4.75% | ― | ― | -175.00% | |
34 Underperform | AU$6.98M | ― | -234.07% | ― | ― | 73.21% |
Provaris Energy Ltd Corporate Events
Provaris Energy Ltd has achieved a significant milestone by executing a Term Sheet with Uniper and Norwegian Hydrogen for the delivery of 42,500 tonnes per year of green hydrogen, marking a breakthrough in hydrogen supply and transport in Europe. The company has also entered into a second collaboration with a Norwegian joint venture and a German energy company to transport hydrogen from Norway to Germany, reinforcing its position in the hydrogen supply chain. Additionally, Provaris is advancing its CO2 tank development program with Yinson, aiming to capitalize on the growing demand for CO2 transport solutions, which could significantly impact the industry and create value for stakeholders.
Provaris Energy Ltd has issued 4,867,624 fully paid ordinary shares to its employees as part of a voluntary salary sacrifice scheme for the months of April, May, and June 2025. This move aligns with the company’s strategic focus on expanding its green hydrogen projects and maintaining compliance with relevant provisions of the Corporations Act, potentially strengthening its market position and stakeholder confidence.
Provaris Energy Ltd announced a new share placement initiative where employees voluntarily agreed to direct part or all of their salaries for April, May, and June 2025 towards purchasing company shares. This move results in the issuance of 4,867,624 fully paid ordinary shares, potentially strengthening employee investment in the company and aligning interests with shareholders.
Provaris Energy Ltd has announced a proposed issue of 9,276,138 ordinary fully paid securities, with the issuance date set for July 31, 2025. This move is part of a placement or other type of issue, which could impact the company’s market positioning by increasing its capital base and potentially enhancing its operational capabilities.
Provaris Energy Ltd has made significant strides in its hydrogen and CO₂ markets despite global uncertainties affecting energy and capital markets. The company has signed a term sheet for hydrogen supply to Germany and launched a pre-feasibility study for a Norway-to-Germany supply chain. Provaris is also progressing with its CO₂ development program with Yinson Production AS, which could generate substantial revenue. The company is navigating trade policy impacts by focusing on European supply chains and has restarted its hydrogen prototype program in Norway. Provaris is also implementing capital management strategies to align with shareholders and reduce cash outflows.
Provaris Energy Ltd has announced the issuance of 8,000,000 performance rights as part of an employee incentive scheme. This move is aimed at motivating and retaining key personnel, which could strengthen the company’s operational capabilities and enhance its competitive position in the energy sector.
Provaris Energy Ltd has announced that Regal Funds Management Pty Limited, along with Regal Partners Limited, has ceased to be a substantial holder in the company. This change is due to a series of sales of ordinary securities by Regal Funds Management, culminating in a significant transaction on March 21, 2025, which affected over 3.3 million votes. The divestment may impact Provaris Energy’s shareholder composition and could influence its market dynamics, as Regal Funds Management was a notable stakeholder.
Provaris Energy Ltd has announced its strategic advancements in the energy sector, emphasizing its proprietary tank designs and engineering capabilities that offer unique advantages in economic storage and transport. The company is progressing towards binding agreements for hydrogen supply to German utilities and expanding its intellectual property with Yinson Production AS for liquid CO2 tanks. These initiatives are expected to generate early cash flow through a ‘capital lite’ model, leveraging license fees and recurring revenue while minimizing capital expenditure, thus enhancing Provaris’s market positioning and growth opportunities.
Provaris Energy Ltd announced the cessation of 2,500,000 securities due to the expiry of options without exercise or conversion as of March 7, 2025. This announcement may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and future growth potential.
Provaris Energy Ltd has announced significant advancements in its hydrogen and CO2 development programs in Norway. The company has entered a second non-binding Memorandum of Understanding for hydrogen supply from Norway to Germany, highlighting the competitive advantages of its compressed hydrogen carriers. This collaboration aims to position Norway as a leader in hydrogen supply for Europe’s decarbonization efforts. Additionally, Provaris, in partnership with Yinson, has achieved a milestone in the CO2 tank design program, which will now expand to include scalable storage and transport solutions. The execution of a lease agreement at the Fiskå facility in Norway will support the continuation of the prototype tank program, further enhancing Provaris’ capabilities in hydrogen and CO2 storage.
Provaris Energy Ltd has issued 6,250,000 fully paid ordinary shares to its directors, following a placement announced in November 2024 and approved by shareholders in February 2025. The issuance of these shares, priced at A$0.02 each, was conducted without disclosure to investors under the Corporations Act, and the company has complied with relevant legislative provisions. This move is part of Provaris’s strategic efforts to strengthen its financial position and support its ongoing projects in the green hydrogen sector, potentially enhancing its market positioning and stakeholder value.
Provaris Energy Ltd announced a change in the director’s interest, with Director David Palmer acquiring 1,250,000 fully paid ordinary shares as part of the company’s November 2024 share placement. This acquisition increases Palmer’s total holdings to 5,300,000 shares, reflecting a strategic move to strengthen his stake in the company, which could signal confidence in Provaris Energy’s future prospects and stability in the energy market.
Provaris Energy Ltd announced a change in the director’s interest, with Director Andrew Pickering acquiring an additional 1,000,000 fully paid ordinary shares, increasing his total to 4,950,000 shares. This acquisition was part of the company’s November 2024 share placement, reflecting strategic moves to strengthen the company’s financial position and potentially enhance shareholder value.
Provaris Energy Ltd announced a change in the director’s interest, with Martin Carolan acquiring an additional 1,500,000 ordinary shares, raising his total to 19,000,000 shares. This acquisition was part of the company’s November 2024 share placement, indicating a strategic move to strengthen the director’s stake in the company, potentially reflecting confidence in Provaris Energy’s future prospects.
Provaris Energy Ltd announced a change in the director’s interest, with Gregory Martin acquiring an additional 2,500,000 fully paid ordinary shares, increasing his total to 7,000,000 shares. This acquisition was part of the company’s November 2024 share placement, indicating a strategic move to strengthen the director’s stake and potentially enhance the company’s market position.
Provaris Energy Ltd has announced the issuance of 6,250,000 fully paid ordinary securities, to be quoted on the Australian Securities Exchange (ASX) under the code PV1. This move is part of a previously announced transaction, indicating the company’s ongoing efforts to expand its financial capabilities and strengthen its market position within the renewable energy sector.
Provaris Energy Ltd reported a significant decrease in its financial performance for the half-year ended 31 December 2024, with a 65% drop in net profit attributable to members compared to the previous year. The company did not declare any dividends during this period, and there were no changes in control over entities or participation in joint ventures, indicating a stable but challenging operational environment.
Provaris Energy Ltd held a General Meeting of Shareholders where all resolutions, including the approval for directors to purchase 6,250,000 shares, were passed. This move is part of a strategic placement from November 2024, aimed at raising $125,000 and aligning with the company’s growth and market expansion efforts, reinforcing its position in the energy transition sector.
Provaris Energy Ltd has introduced a ‘Capital Lite’ revenue model designed to generate early cash flow through technology license and origination fees, allowing the company to avoid significant capital investments. This approach involves funding a shipping fleet through third parties, providing flexibility to selectively invest in fleet assets or projects to enhance shareholder value. The company also announced a milestone hydrogen supply agreement with Uniper Global Commodities and Norwegian Hydrogen AS for 42,500 tonnes per year of compressed hydrogen, targeting first deliveries by 2029. This agreement is significant as it de-risks Provaris’ operations and outlines a clear pathway to revenue generation without heavy asset commitments, highlighting Provaris’ strategic positioning in the European hydrogen market.