Top End Energy Limited (TEE) AI Stock Analysis

• Market Cap: AU$10.63M
• Dividend Yield: N/A
• Average Volume (3M): 446.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.64
• Revenue Growth: N/A
• EPS Growth: 27.59%
• Country: AU
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.02
• Shares Outstanding: 279,693,450
• 10 Day Avg. Volume: 523,950
• 30 Day Avg. Volume: 446,542
• PEG Ratio: 0.05
• Price to Book (P/B): 0.33
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.72
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: AU$0.04 ▲(23.33% Upside)
• Action: Reiterated Date: 02/06/26
• Date: Action: Reiterated 02/06/26

The score is primarily driven by weak financial performance—no revenue, widening losses, and persistent negative free cash flow—partly tempered by low leverage. Technicals are mixed with a weaker long-term trend (below the 200-day average) and only neutral-to-soft momentum indicators. Valuation support is limited because earnings are negative and no dividend yield is available.

Positive Factors

Low leverage / effectively no debt

A very low debt position materially reduces solvency risk and preserves financial flexibility. For an exploration-stage oil & gas company this durable balance-sheet strength enables the firm to pursue drilling, farm-outs, or JV talks without immediate debt pressure, keeping options open over the next several months.

Focused upstream exploration model

A clear upstream exploration focus concentrates capital and expertise on acreage advancement and resource discovery. This strategic clarity creates durable optionality: successful appraisal or discovery events can be monetised via asset sales or farm-outs, making the business model scalable over a 2-6 month development horizon if prospects progress.

Demonstrated access to equity capital

A material rise in equity shows the company can tap capital markets to fund exploration. This access to equity financing is a structural positive for explorers, providing runway to advance prospects, fund appraisal wells or seismic programs without immediate production cash flows, sustaining operations while value creation is pursued.

Negative Factors

No revenue and widening net losses

Persistent absence of revenue and growing losses signal the company remains pre-revenue and reliant on exploration success to generate cash. Over the medium term this reduces predictability of returns and increases dependence on financing or asset sales; absent a near-term commercial discovery, profitability visibility remains weak.

Consistent negative operating and free cash flow

Ongoing operating outflows and worsening free cash flow indicate structural cash burn. This reduces the company's ability to self-fund exploration campaigns, forces recurring external financing, and constrains the scale and timing of development activity, making progress on acreage and appraisal conditional on new capital.

Reliance on external capital raises dilution risk

Volatile equity levels and explicit reliance on external funding mean shareholders face dilution if the company must repeatedly raise capital. For long-term investors this is a structural governance and return-risk issue: value accretion requires successful monetisation events to offset dilution over the medium term.

Top End Energy Limited Business Overview & Revenue Model

Company Description

Top End Energy Limited engages in the exploration of oil, gas, and helium and hydrogen in Queensland and the Northern Territory. Its projects include the ATP 1069 project that comprises one granted hydrocarbon permit covering an area of approximately 4,185 square kilometers located to the north-west of Charleville in Central Queensland; and TG project, which consists of 30 petroleum permit applications that cover approximately 160,000 square kilometers in the Northern Territory. The company was incorporated in 2021 and is based in West Perth, Australia.

How the Company Makes Money

Top End Energy Limited makes money through the exploration, extraction, and sale of oil and gas resources. The company's primary revenue streams include the sale of crude oil and natural gas to refineries and distribution companies, which then process and deliver these resources to end consumers. TEE's earnings are significantly influenced by global oil and gas prices, production volumes, and operational efficiencies. Additionally, strategic partnerships and joint ventures with other companies in the energy sector enhance its exploration and production capabilities, thereby contributing to its revenue growth.

Top End Energy Limited Financial Statement Overview

Summary

Overall financials reflect an exploration-stage profile: no revenue across the last four fiscal years, widening losses (net income about -5.16M in FY2025 vs ~-3.19M FY2024), and continued cash burn (operating cash flow about -1.80M in FY2025; free cash flow about -4.10M). The key offset is very low leverage (effectively no debt), but funding/dilution risk remains elevated while losses persist.

Income Statement

The company reports no revenue across the last four annual periods, consistent with an early-stage explorer rather than a producing asset base. Losses are persistent and sizable, with net income declining to about -5.16M in FY2025 from roughly -3.19M in FY2024 (and -1.68M in FY2023), indicating rising cost intensity and weaker earnings trajectory. With negative operating results each year and no demonstrated top-line ramp, near-term profitability visibility remains limited.

Balance Sheet

Leverage is very low (effectively no debt), which materially reduces solvency risk and gives the company flexibility to fund exploration through equity. However, profitability is weak as reflected in negative returns on equity across all periods, and equity levels have been volatile (notably a large increase in FY2025 versus prior years), suggesting reliance on external capital and potential dilution risk. Overall, the balance sheet is relatively clean on debt, but the capital structure depends on continued funding while losses persist.

Cash Flow

Cash generation is consistently negative: operating cash flow remains an outflow each year (about -1.80M in FY2025), and free cash flow is also negative and worsened in FY2025 (around -4.10M). While free cash flow to net income appears above 1x, that is largely because both figures are negative, and it does not signal self-funding capacity. The pattern points to ongoing cash burn and continued need for financing until revenue-producing operations are established.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022
Income Statement
Total Revenue	0.00	0.00	0.00	0.00
Gross Profit	0.00	-22.50K	-135.00K	-67.50K
EBITDA	-5.16M	-3.17M	-1.84M	-4.64M
Net Income	-5.16M	-3.19M	-1.68M	-4.72M
Balance Sheet
Total Assets	22.61M	3.03M	4.20M	5.95M
Cash, Cash Equivalents and Short-Term Investments	3.82M	2.72M	3.63M	5.41M
Total Debt	0.00	0.00	0.00	3.87K
Total Liabilities	1.03M	684.23K	477.93K	361.93K
Stockholders Equity	21.58M	2.34M	4.00M	5.58M
Cash Flow
Free Cash Flow	-4.10M	-2.84M	-1.74M	-1.05M
Operating Cash Flow	-1.80M	-1.69M	-1.53M	-1.05M
Investing Cash Flow	-2.58M	-1.15M	-206.16K	-23.81K
Financing Cash Flow	5.47M	1.93M	-46.37K	6.20M

Top End Energy Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TEE, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.58 is Neutral, neither overbought nor oversold. The STOCH value of 124.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TEE.

Top End Energy Limited 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%
BAS	56 Neutral	AU$16.29M	-37.14	-3.11%	―	7.09%	-275.00%
QEM	48 Neutral	AU$10.64M	-1.91	-147.07%	―	―	-36.92%
TEE	45 Neutral	AU$10.63M	-1.21	-43.14%	―	―	27.59%
BLU	45 Neutral	AU$18.07M	-12.50	-1.94%	―	―	89.19%
HHR	44 Neutral	AU$36.51M	-16.25	-6.62%	―	―	20.00%
PGY	44 Neutral	AU$269.83M	-2.56	-45.97%	―	0.69%	-30.00%

Top End Energy Limited Corporate Events

Top End Energy Advances Hydrogen, Beetaloo and AI-Linked Land Strategy in December Quarter

Top End Energy reported progress across its portfolio in the December 2025 quarter, highlighting continued technical refinement and partner engagement for its Serpentine natural hydrogen project in Kansas, where it is pursuing partner-funded exploration in a highly competitive play adjacent to sector leaders. In Australia, the company advanced its 2026 work program in the Beetaloo Basin by submitting an Environmental Management Plan for multiple exploration permits and appointing specialist advisor Envoi to help secure capital-efficient partnership structures that preserve exploration upside. The group also completed a strategic review in the United States that has repositioned it as a land and energy development partner for the rapidly expanding AI data center market, targeting powered land opportunities that integrate gas, fiber, water and behind-the-meter generation. Supported by quarterly exploration spend of about A$226,000, no production activity, and cash of approximately A$2.13 million at 31 December 2025, management emphasized disciplined cost control as it seeks to de-risk its assets, leverage improving sector fundamentals and unlock new growth channels for shareholders.

The most recent analyst rating on (AU:TEE) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Top End Energy Limited stock, see the AU:TEE Stock Forecast page.

Top End Energy Posts Higher Cash Burn as Exploration Spending Weighs on Quarterly Flows

Top End Energy Limited reported a net operating cash outflow of A$402,000 for the quarter ended 31 December 2025, driven mainly by exploration and evaluation spending, staff costs, and corporate expenses, contributing to a A$1.0 million operating outflow over the first half of the financial year. Additional exploration and evaluation investments of A$29,000 during the quarter brought total investing outflows to A$694,000 year-to-date, while minimal financing activity resulted in a small net inflow of A$6,000; overall, the company’s cash balance declined from A$3.82 million at the start of the half to A$2.55 million at quarter end, underscoring its continued cash burn as it advances exploration programs without current revenue generation.

The most recent analyst rating on (AU:TEE) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Top End Energy Limited stock, see the AU:TEE Stock Forecast page.

Top End Energy Enters U.S. AI Data Center Power Market with ‘Powered Land’ Strategy

Top End Energy has expanded its U.S. energy platform beyond upstream natural gas and hydrogen into the downstream market by entering the AI data center sector as a land and energy development partner. The company aims to aggregate and deliver ‘powered land’—sites with secured natural gas supply, behind-the-meter power generation, and key infrastructure such as fiber and water—to AI data center developers, initially focusing on Texas. Management positions this move as an ASX first-mover play on a major U.S. growth theme, citing surging data center power demand, policy support to fast-track large integrated projects, and the growing bottleneck of power availability over hardware, with current activities including site qualification, infrastructure partnerships and negotiations toward project-level agreements.

The most recent analyst rating on (AU:TEE) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Top End Energy Limited stock, see the AU:TEE Stock Forecast page.

Top End Energy to Release 30.9 Million Escrowed Shares

Top End Energy Limited has notified the market that 30,875,000 of its shares currently subject to voluntary escrow will be released on 31 January 2026. The end of this escrow period will increase the number of shares freely tradeable on the ASX, potentially affecting liquidity and trading dynamics in Top End Energy’s stock as these securities become available to existing holders for sale or transfer.

The most recent analyst rating on (AU:TEE) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Top End Energy Limited stock, see the AU:TEE Stock Forecast page.

Top End Energy Limited Issues New Shares Complying with Regulatory Standards

Top End Energy Limited has issued 412,200 fully paid ordinary shares without disclosure to investors, in compliance with the Corporations Act 2001. This move indicates the company’s adherence to regulatory requirements and suggests a strategic decision to enhance its capital structure, potentially impacting its market positioning and stakeholder interests.

Top End Energy Announces Quotation of New Securities

Top End Energy Limited has announced the quotation of 412,200 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of December 5, 2025. This move is part of a previously announced transaction, and it signifies the company’s ongoing efforts to enhance its market presence and liquidity, potentially impacting its stakeholders positively.