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Strike Energy Limited
(Sydney:STX)
Strike Energy Limited (STX) vs. iShares MSCI Australia ETF (EWA)
Strike Energy Limited Business Overview & Revenue Model
Strike Energy Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 72.72M | 72.72M | 45.60M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 3.46M | 3.46M | 20.55M | -1.07M | -1.16M | -324.00K |
| EBITDA | 43.53M | 43.53M | 9.17M | -13.45M | -10.44M | -81.00K |
| Net Income | -157.33M | -157.33M | 8.58M | -18.36M | -15.73M | 6.78M |
Balance Sheet | ||||||
| Total Assets | 426.63M | 426.63M | 527.19M | 341.87M | 158.75M | 164.08M |
| Cash, Cash Equivalents and Short-Term Investments | 41.09M | 41.09M | 38.91M | 129.04M | 13.90M | 74.72M |
| Total Debt | 80.80M | 80.80M | 23.90M | 30.73M | 18.46M | 6.05M |
| Total Liabilities | 130.16M | 130.16M | 74.75M | 55.03M | 41.87M | 25.96M |
| Stockholders Equity | 296.47M | 296.47M | 452.44M | 286.85M | 116.87M | 138.13M |
Cash Flow | ||||||
| Free Cash Flow | -44.39M | -44.39M | -77.12M | -79.66M | -62.53M | -28.82M |
| Operating Cash Flow | 42.61M | 42.61M | 21.59M | -12.17M | -9.19M | 2.98M |
| Investing Cash Flow | -91.79M | -91.79M | -98.71M | 68.24M | -63.78M | -41.92M |
| Financing Cash Flow | 53.03M | 53.03M | -13.17M | 59.21M | 12.25M | 92.07M |
Strike Energy Limited Technical Analysis
Strike 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% | |
64 Neutral | AU$325.52M | 17.24 | 16.49% | 15.00% | -4.57% | -52.65% | |
47 Neutral | AU$152.55M | -60.48 | -4.74% | ― | ― | 70.00% | |
47 Neutral | AU$164.60M | 45.50 | 1.40% | ― | ― | ― | |
45 Neutral | AU$413.93M | -2.09 | -42.02% | ― | 59.48% | -1714.71% | |
35 Underperform | AU$754.78M | -9.79 | -14.41% | ― | ― | ― |
Strike Energy Limited Corporate Events
Strike Energy Limited announced a change in the director’s interest, with Peter Stokes acquiring 7,860,661 unlisted performance rights. This acquisition, part of a long-term incentive and on-boarding performance plan, reflects the company’s commitment to aligning leadership incentives with its strategic goals.
Strike Energy Limited held its Annual General Meeting on November 13, 2025, where several resolutions were voted on by shareholders. Notably, the adoption of the Remuneration Report faced significant opposition, receiving more than 25% of votes against it, marking a first strike under the Corporations Act. Other resolutions, including the re-election and election of directors, approval of a selective buy-back of performance shares, and the employee share incentive plan, were carried. However, the proposal for termination benefits for senior executives was not carried.
Strike Energy Limited has released its ESG Report for 2025, emphasizing its commitment to sustainability and respectful engagement with indigenous communities. The report outlines the company’s strategies and objectives, highlighting its focus on maintaining positive, long-term relationships and acknowledging the cultural significance of the lands where it operates.
Strike Energy Limited’s subsidiary, Talon (L7) Pty Ltd, is facing legal proceedings initiated by Triangle Energy Onshore Pty Ltd in the Supreme Court of Western Australia. The dispute involves Talon L7’s withdrawal from a Joint Operating Agreement and obligations under a Farmout Agreement related to Production Licence L7(R1) and Exploration Licence EP 437. Triangle Energy is seeking damages of $3,838,780. Talon L7 plans to defend the proceedings vigorously, and Strike Energy will keep its security holders informed of any significant developments.
Strike Energy Limited has completed the workover of the South Erregulla-1 well and is progressing with the construction of the 85 MW South Erregulla Peaking Gas Power Station, targeting completion by October 2026. The company has announced a Reserve Capacity Price of $360,700 per MW for the 2027/28 Capacity Year, expected to generate significant capacity revenue. Additionally, Strike has certified 180 PJ of 2C Contingent Resource at Ocean Hill and received a strategic investment of $86 million from Carnarvon Energy to support its growth initiatives. The Western Australian gas market is experiencing temporary supply increases, but long-term demand is expected to rise, benefiting Strike’s strategic positioning.
Strike Energy Limited announced the release of its quarterly report for the September 2025 quarter, scheduled for October 29, 2025. The report will be presented in a webinar hosted by the company’s Managing Director and CEO, Peter Stokes, along with CFO Tim Cooper. The event will include a Q&A session, and a recording will be available on the company’s website, indicating Strike’s commitment to transparency and stakeholder engagement.
Strike Energy Limited addressed a query from the ASX regarding a late lodgement of a Change of Director’s Interest Notice. The delay was attributed to an administrative oversight, and the company has assured that its current processes are sufficient to prevent future occurrences. This response is crucial for maintaining compliance with ASX listing rules, which is vital for the company’s operational transparency and stakeholder trust.
Strike Energy Limited has announced significant progress in its South Erregulla Peaking Power Plant project, with the arrival and installation of the first Jenbacher engines marking a key milestone. The project aims to deliver 85 MW of power to Western Australia’s primary electricity grid by October 2026. The company is also preparing for substantial revenue from the Reserve Capacity Mechanism, with expected Capacity Credit payments providing a stable income stream. The anticipated increase in the Reserve Capacity Price for the 2027/28 Capacity Year highlights the project’s potential financial impact.
Strike Energy Limited has announced its 2025 Annual General Meeting (AGM) scheduled for November 13, 2025, to be held in a hybrid format. Shareholders can attend in person at the Parmelia Hilton Perth or virtually via the Lumi Platform, with all voting conducted online. This approach allows for broader participation and engagement, reflecting the company’s commitment to accessibility and modern governance practices.
Strike Energy Limited has announced a change in the director’s interest, with Neville Joseph Power acquiring 500,000 fully paid ordinary shares through a Share Purchase Plan (SPP). This acquisition increases Power’s total indirect holdings to 23,719,885 shares, reflecting a strategic move to strengthen his investment in the company, potentially signaling confidence in the company’s future prospects.
Strike Energy Limited has completed the issuance of 286,122,569 fully paid ordinary shares to Carnarvon Energy Limited as part of the second tranche of a previously announced placement. This strategic move, approved by shareholders, is expected to enhance Strike’s financial position and operational capacity, potentially impacting its market standing and stakeholder interests positively.
Strike Energy Limited has released its 2025 Corporate Governance Statement, highlighting its adherence to ASX Corporate Governance Council recommendations. The company emphasizes strong governance practices, including board and management roles, director appointments, and diversity initiatives. The statement outlines the company’s efforts to maintain a diverse workforce, with specific objectives for gender diversity and flexible working arrangements. These measures are intended to strengthen organizational capabilities and foster innovation, ultimately enhancing the company’s market position and stakeholder value.
Strike Energy Limited has released its annual report for the financial year ending June 30, 2025, highlighting several key developments. The company has undergone a leadership transition with the appointment of Peter Stokes as Managing Director & CEO and Tim Cooper as CFO. A strategic review has been completed, focusing on a vertically integrated gas and power strategy. Major milestones include the commencement of construction on the South Erregulla Peaking Gas Power Station and a new gas discovery at Erregulla Deep-1. Despite a net loss after tax due to an impairment at Walyering, the company reported strong financial performance with increased sales revenue and a significant financing package secured. The strategic investment from Carnarvon Energy underscores the potential of Strike’s asset base and future development opportunities, positioning the company as a key player in Western Australia’s energy transition.
Strike Energy Limited has announced the quotation of 14,258,421 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective September 25, 2025. This move is part of a previously announced transaction, indicating the company’s ongoing efforts to enhance its financial position and market presence, potentially impacting its operational capabilities and stakeholder interests.
Strike Energy Limited has successfully completed the second tranche of its strategic placement to Carnarvon Energy and a share purchase plan, raising a total of approximately A$36.05 million before costs. The funds will be used for the completion of the South Erregulla project, upstream field development for West Erregulla, exploration wells, and general corporate purposes, potentially enhancing the company’s operational capabilities and market position.
Strike Energy Limited has announced the quotation of 1,142,482 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective from September 19, 2025. This move is part of the company’s strategic efforts to enhance its financial flexibility and support its ongoing projects, potentially impacting its market positioning and offering new opportunities for stakeholders.
Strike Energy Limited has announced the issuance of 1,142,482 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions, reflecting the company’s strategy to incentivize and retain key personnel, which could impact its operational efficiency and stakeholder engagement.
Strike Energy Limited has announced that its 2025 Annual General Meeting (AGM) will be held on November 13, 2025. The company has also set a deadline for director nominations, which must be submitted by September 24, 2025. This announcement outlines key dates for stakeholders and emphasizes the company’s adherence to ASX listing rules, potentially impacting its governance and stakeholder engagement.
Strike Energy Limited announced that all resolutions proposed at its Extraordinary General Meeting were successfully passed. This includes the ratification of prior share issues and approvals for new share issuances, which are expected to strengthen the company’s financial position and support its strategic initiatives.
Strike Energy Limited’s Extraordinary General Meeting highlighted a strategic investment by Carnarvon Energy, marking a pivotal moment for the company. The $89 million investment not only strengthens Strike’s financial position but also endorses its portfolio quality. This funding will support key projects like South Erregulla and West Erregulla, aiming for significant developments by 2026. Despite recent market sentiment affected by a reserves downgrade at Walyering, Strike remains focused on long-term value creation with multiple near-term catalysts.