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QPM Energy Limited (AU:QPM)
ASX:QPM

QPM Energy (QPM) AI Stock Analysis

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AU:QPM

QPM Energy

(Sydney:QPM)

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Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
AU$0.03
▲(0.00% Upside)
Action:ReiteratedDate:01/31/26
Score is held back primarily by weak cash flow generation (negative free cash flow growth) and elevated leverage (debt-to-equity 1.76). Technicals are broadly neutral but with price below key moving averages, while valuation is moderately supportive via a low P/E.
Positive Factors
Gross margin improvement
An improved gross profit margin (21.9%) reflects better cost control and pricing discipline. Sustained higher gross margins support durable operating cash generation, provide a buffer versus input cost swings, and enable reinvestment or margin expansion over the medium term.
Positive operating profitability
Positive EBIT and EBITDA indicate the core business is operating profitably before financing and non-cash items. Durable operating profitability supports internal funding for capex and debt service, enhances resilience in downcycles, and allows management to prioritize strategic investments.
Improved return on equity
ROE rising to 19.9% suggests the company is deploying equity capital more effectively. Sustained higher ROE can drive shareholder value over time by converting invested capital into returns, indicating improving capital allocation and operational efficiency if maintained.
Negative Factors
High leverage
A debt-to-equity ratio of 1.76 represents significant leverage, increasing refinancing and interest-rate exposure. Elevated leverage limits financial flexibility for strategic initiatives and raises solvency risk if cash flow weakens, constraining options over the medium term.
Severely negative free cash flow growth
Free cash flow declining by -262.7% signals difficulty converting profits into discretionary cash after investments. Persistent negative FCF can force reliance on external financing, pressure liquidity, and hinder sustainable debt reduction or organic investment plans over coming quarters.
Low net profitability
A net margin of 6.8% indicates limited capacity to absorb cost increases or demand shocks. Low bottom-line profitability constrains retained earnings and the firm’s ability to self-fund growth, build reserves, or rapidly deleverage without material operational improvements.

QPM Energy (QPM) vs. iShares MSCI Australia ETF (EWA)

QPM Energy Business Overview & Revenue Model

Company DescriptionQueensland Pacific Metals Limited focuses on the production of metals for the emerging lithium-ion battery and electric vehicle sector. The company produces nickel sulfate, cobalt sulfate, alumina, and hematite. It owns 100% interests in the Townsville Energy Chemicals Hub project located in northern Queensland. The company was formerly known as Pure Minerals Limited. Queensland Pacific Metals Limited was incorporated in 2007 and is headquartered in Brisbane, Australia.
How the Company Makes MoneyQPM generates revenue through multiple streams including project development fees, consulting services, and energy system sales. The company typically charges clients for its expertise in designing and implementing energy-efficient solutions, which includes a fee structure based on project size and complexity. Additionally, QPM may earn revenue from long-term maintenance contracts and energy management services. Strategic partnerships with technology providers and governmental organizations also enhance its revenue potential, allowing QPM to leverage grants and incentives for renewable energy projects, thereby increasing profitability. Furthermore, the company's involvement in energy markets enables it to benefit from energy sales and trading activities, contributing to its overall earnings.

QPM Energy Financial Statement Overview

Summary
Mixed fundamentals: improving gross profit (21.9%) and positive EBIT/EBITDA, but profitability remains modest (net margin 6.8%). Balance sheet leverage is elevated (debt-to-equity 1.76), and cash flow is a key weakness with sharply negative free cash flow growth (-262.7%).
Income Statement
45
Neutral
QPM Energy's income statement shows a mixed performance. The company experienced a significant revenue growth from 2024 to 2025, but the revenue growth rate was negative at -14.7%. Gross profit margin improved to 21.9% in 2025, indicating better cost management. However, the net profit margin remains low at 6.8%, suggesting challenges in achieving profitability. The EBIT and EBITDA margins are positive, reflecting operational improvements, but the overall profitability is still under pressure.
Balance Sheet
50
Neutral
The balance sheet of QPM Energy indicates a moderate financial position. The debt-to-equity ratio is high at 1.76, reflecting significant leverage, which could pose risks if not managed carefully. Return on equity improved to 19.9% in 2025, showing better utilization of equity. The equity ratio is 19.5%, indicating a moderate level of equity financing. Overall, the balance sheet shows some strengths but also highlights the need for careful debt management.
Cash Flow
40
Negative
QPM Energy's cash flow statement reveals challenges in cash management. The free cash flow growth rate is negative at -262.7%, indicating difficulties in generating positive cash flow. The operating cash flow to net income ratio is favorable at 3.54, suggesting efficient cash generation from operations. However, the negative free cash flow and its ratio to net income highlight ongoing cash flow constraints.
BreakdownJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue120.11M106.71M0.000.000.00
Gross Profit26.32M40.17M-227.00K-162.00K-81.68K
EBITDA24.57M15.92M-64.30M-40.07M-11.94M
Net Income8.19M-24.33M-39.05M-38.05M-11.50M
Balance Sheet
Total Assets211.35M230.78M34.02M33.78M19.81M
Cash, Cash Equivalents and Short-Term Investments10.29M31.22M15.76M31.38M17.75M
Total Debt72.43M60.54M571.61K610.89K1.38M
Total Liabilities170.18M199.30M14.01M7.79M3.94M
Stockholders Equity41.18M31.48M20.01M25.99M15.87M
Cash Flow
Free Cash Flow-14.64M-19.35M-45.98M-33.12M-8.46M
Operating Cash Flow28.98M-9.01M-45.19M-32.72M-8.28M
Investing Cash Flow-38.31M10.01M-1.41M-396.04K-178.79K
Financing Cash Flow-5.68M8.19M31.56M46.76M24.50M

QPM Energy Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.03
Price Trends
50DMA
0.04
Negative
100DMA
0.04
Negative
200DMA
0.04
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
43.60
Neutral
STOCH
-8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:QPM, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.60 is Neutral, neither overbought nor oversold. The STOCH value of -8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:QPM.

QPM Energy Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
49
Neutral
AU$122.70M10.0022.56%64.66%
49
Neutral
AU$269.18M-5.56-11.80%-88.89%
47
Neutral
AU$93.63M-2.96-8.61%42.69%
47
Neutral
AU$61.99M-2.33-12.99%
47
Neutral
AU$404.94M-13.41-27.95%-43.08%
47
Neutral
AU$123.77M-23.96-21.39%-280.00%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:QPM
QPM Energy
0.03
-0.02
-40.82%
AU:AVL
Australian Vanadium
0.27
-0.05
-16.92%
AU:IMA
Image Resources NL
0.06
-0.03
-37.78%
AU:ORN
Orion Minerals Limited
0.04
0.02
118.75%
AU:TGN
Tungsten Mining NL
0.29
0.20
231.40%
AU:FHE
Frontier Energy Limited
0.22
0.11
104.76%

QPM Energy Corporate Events

QPM Energy Secures Key Funding and Approvals as Isaac Power Station Advances
Jan 30, 2026

QPM Energy reported steady gas supply and sales for the December 2025 quarter while advancing development of its 112MW Isaac Power Station, issuing a full notice to proceed to GE Vernova for two LM6000 gas turbines and securing a $113.7m master lease with Macquarie Bank to fully fund the turbine purchase. The company progressed a complementary project financing package with the Northern Australia Infrastructure Facility, completed a $30.3m equity placement to institutional and sophisticated investors, and signed a $40m non-binding convertible note facility term sheet with a strategic investor, alongside finalising a grid connection agreement with Powerlink and lodging a key development approval expected by March 2026. Operationally, gas supply remained stable with managed production growth offsetting reduced third-party supply, but electricity generation and sales revenue declined quarter on quarter amid weaker electricity prices driven by mild seasonal conditions, strong coal-fired generation availability and additional grid-scale battery and wind capacity, underscoring the market headwinds even as QPM builds out new firming generation assets.

The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Secures Key Grid Connection Deal for Isaac Power Station
Jan 26, 2026

QPM Energy has executed a Connection Project Delivery Agreement with transmission operator Powerlink Queensland to facilitate the grid connection of its 112MW Isaac Power Station to the Moranbah substation. The agreement, which incorporates key commercial terms of a 30-year Generator Connection & Access Agreement including alignment of annual connection charges with feasibility assumptions and a work program targeting energisation by 30 June 2027, marks a major milestone for the project and is a critical prerequisite for finalising project finance, reinforcing QPM’s progress in bringing flexible generation and grid support capacity to the Moranbah region.

The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Director Eddie King Increases Stake via Share Placement
Jan 21, 2026

QPM Energy Limited has disclosed a change in director Eddie King’s interests in the company’s shares, following his participation in a shareholder-approved placement. Through his related entity King Corporate Pty Ltd, King acquired 2 million additional fully paid ordinary shares at $0.035 per share on 21 January 2026, increasing his indirect holding from 13,387,500 to 15,387,500 shares, while his direct holding remains at 500,000 shares. The transaction, conducted outside a closed trading period, underscores continued director participation in the company’s capital raising activities, which may be viewed by investors as a signal of confidence in QPM Energy’s prospects and alignment of management interests with shareholders.

The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Seeks ASX Quotation for 104.9 Million New Shares
Jan 21, 2026

QPM Energy Limited has applied to the ASX for quotation of 104,965,699 new fully paid ordinary shares, expanding its listed securities on the market. The issuance, conducted under previously announced transactions, will increase the company’s free float and trading liquidity, with implications for existing shareholders’ dilution and QPM Energy’s capacity to access additional equity capital for its operations and growth initiatives.

The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Wins Strong Shareholder Backing at Extraordinary Meeting
Jan 14, 2026

QPM Energy Limited reported that all resolutions put to shareholders at its extraordinary general meeting on 14 January 2026 were passed by poll with strong levels of support. The approvals covered ratification of previous issues of placement shares and options, as well as new director placement and placement share issues, providing the company with formal shareholder backing for its recent and planned capital-raising activities, which may strengthen its funding position and flexibility for future initiatives.

The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Issues New Shares Under Performance Rights Conversion
Dec 15, 2025

QPM Energy Limited has issued 400,272 new fully paid ordinary shares following the conversion of performance rights on a 1-for-1 basis. This issuance was conducted without disclosure to investors under section 708A(5) of the Corporations Act 2001, and the company has confirmed compliance with relevant legal provisions, indicating transparency and adherence to regulatory standards.

The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Limited to Quote New Securities on ASX
Dec 15, 2025

QPM Energy Limited has announced the issuance of 400,272 fully paid ordinary securities, which are set to be quoted on the Australian Securities Exchange (ASX) as of December 15, 2025. This move is part of the company’s strategic efforts to enhance its market presence and potentially increase its capital base, which could have significant implications for its operational capabilities and stakeholder interests.

The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Announces Extraordinary General Meeting to Discuss Key Resolutions
Dec 12, 2025

QPM Energy Limited has announced an extraordinary general meeting to discuss and ratify several key resolutions, including the issuance of shares and options to investors and Macquarie Bank Limited. These measures aim to provide financial flexibility as the company advances towards a final investment decision for the Isaac Energy Hub project. The meeting will also address shareholder voting procedures and encourage electronic communication to reduce environmental impact.

The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Expands Capital with New Share Issuance
Dec 10, 2025

QPM Energy Limited, listed on the ASX under the code QPM, has issued 748,920,582 new fully paid ordinary shares as part of Tranche 1 of their Placement and the conversion of performance rights. The issuance was conducted without disclosure to investors under section 708A(5) of the Corporations Act 2001. This strategic move is aimed at strengthening the company’s capital base, potentially enhancing its market position and operational capabilities.

The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Announces Quotation of New Securities on ASX
Dec 10, 2025

QPM Energy Limited has announced the application for quotation of 747,336,438 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with the company’s financial growth.

The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Issues 25 Million Unquoted Options
Dec 10, 2025

QPM Energy Limited announced the issuance of 25 million unquoted options, exercisable at $0.06 and expiring on December 10, 2027. This move is part of previously announced transactions, potentially impacting the company’s financial strategy and offering opportunities for stakeholders to engage with the company’s growth plans.

The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Limited Issues New Securities on ASX
Dec 10, 2025

QPM Energy Limited has announced the issuance of 1,584,144 fully paid ordinary securities, which will be quoted on the ASX. This move is part of the company’s strategy to enhance its market presence and potentially improve liquidity. The issuance of these securities may have implications for the company’s capital structure and could impact stakeholders by increasing the available shares in the market.

The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Announces Cessation of Performance Rights
Dec 10, 2025

QPM Energy Limited announced the cessation of 134,868 performance rights due to unmet conditions, effective November 30, 2025. This development may impact the company’s capital management strategy and could influence stakeholder perceptions regarding the company’s operational performance and future growth prospects.

The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Announces Equity Capital Raising to Boost Operations
Dec 3, 2025

QPM Energy Limited announced an equity capital raising through an institutional placement of new fully paid ordinary shares. This move is part of the company’s strategy to enhance its financial position and support its operations in the energy sector. The offer is not underwritten, indicating a potential risk for investors, and is managed by Ord Minnett Limited and Foster Stockbroking Pty Limited. The announcement highlights the speculative nature of investing in QPM due to its limited operating history and the inherent risks associated with the energy industry.

The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.09 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Resumes Trading After Strategic Investment Announcement
Dec 3, 2025

QPM Energy Limited, a company listed on the Australian Securities Exchange (ASX), has announced the lifting of its trading suspension. This follows the release of an announcement concerning a strategic investment term sheet and a capital raising, which are expected to impact the company’s operations and market positioning.

The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.09 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Announces Proposed Securities Issue to Boost Capital
Dec 3, 2025

QPM Energy Limited has announced a proposed issue of securities, including convertible notes and unquoted options, as well as fully paid ordinary shares. This strategic move is intended to raise capital, potentially impacting the company’s financial standing and market positioning by increasing its liquidity and investment potential.

The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.09 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Secures Funding for 112MW Isaac Power Station Development
Dec 3, 2025

QPM Energy Limited has successfully raised $30.3 million through an oversubscribed share placement and signed a non-binding term sheet for a $40 million convertible note investment. These financial moves provide a clear pathway for funding the development of the 112MW Isaac Power Station, with the support of institutional investors and a potential note investor. The funds will be used for capital expenditure, pre-construction activities, and general working capital, ensuring the project remains on schedule for commissioning in mid-2027.

The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.09 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

QPM Energy Initiates Voluntary Suspension for Strategic Announcement
Dec 3, 2025

QPM Energy Limited has requested a voluntary suspension of its securities from quotation on the ASX, pending an announcement related to a strategic investment term sheet and capital raising. This suspension is expected to last until the company is ready to make an announcement, anticipated by December 4, 2025, and reflects QPM’s efforts to strengthen its financial and strategic position.

The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.09 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 31, 2026