Triangle Energy (Global) Limited (TEG) AI Stock Analysis

• Market Cap: AU$6.60M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 9
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): <0.01
• Shares Outstanding: 2,201,234,100
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: -0.03
• Price to Book (P/B): 3.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.44
• 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: 44 Neutral
• Price Target: AU$0.01 ▲(40.00% Upside)

The score is primarily weighed down by weak financial performance: revenue collapsed to zero in the last two fiscal years, operating losses persist, and operating/free cash flow are negative in most years, indicating ongoing cash burn. Balance sheet leverage is low, but equity volatility points to a fragile capital structure. Technical and valuation inputs were not available, so they were scored neutrally and did not provide offsetting support.

Positive Factors

Strategic Expansion

Triangle Energy's entry into the Philippines gas market is a strategic move to enhance its industry positioning by expanding its resource base, potentially increasing production capabilities and market reach, which could positively impact long-term growth.

Portfolio Diversification

Securing the Service Contract SC-82 for onshore exploration in the Philippines diversifies Triangle Energy's portfolio, providing significant opportunities due to high regional demand for gas, which could stabilize and enhance future revenue streams.

Carbon Capture Initiative

The transition of the Cliff Head Oil Field to a Carbon Capture and Storage project demonstrates Triangle Energy's commitment to sustainable practices, which could improve regulatory compliance and open new revenue avenues in the evolving energy market.

Negative Factors

Revenue Collapse

The collapse of revenue to zero in the last two fiscal years indicates severe operational challenges, undermining the company's ability to generate cash flow and maintain financial stability, which could jeopardize long-term viability.

Negative Cash Flow

Persistent negative operating cash flow suggests that Triangle Energy cannot fund its operations internally, increasing reliance on external financing or asset sales, which could strain financial resources and limit growth potential.

Legal Disputes

Ongoing legal disputes, such as the one against Echelon Energy, may divert management focus and resources, potentially impacting operational dynamics and stakeholder relationships, which could affect long-term strategic execution.

Triangle Energy (Global) Limited Business Overview & Revenue Model

Company Description

Triangle Energy (Global) Limited engages in the exploration and production of oil and gas properties in Australia. It holds a 78.75% interest in Cliff Head Oil Field with a production license covering 72 square kilometers and the oil field covering 6 square kilometers, located in Perth Basin, Western Australia. The company also holds a 45% interest in the Xanadu-1 oil field and a 50% interest in the Mount Horner Production licence located in the Perth Basin. Triangle Energy (Global) Limited is headquartered in West Perth, Australia.

How the Company Makes Money

Triangle Energy (Global) Limited generates revenue through the exploration, development, and production of oil and gas resources. The company's primary revenue stream comes from the sale of crude oil extracted from its operated oil fields, such as the Cliff Head Oil Field. Additionally, TEG may generate income through joint venture partnerships and farm-out agreements where it collaborates with other energy companies to explore and develop new hydrocarbon resources. These partnerships allow for cost-sharing and risk mitigation, contributing to the company's earnings. Overall, TEG's financial performance is influenced by global oil prices, production volumes, and operational efficiencies.

Triangle Energy (Global) Limited Financial Statement Overview

Summary

Overall fundamentals are weak. Revenue fell to zero in FY2024 and FY2025, EBIT remains negative, and the FY2025 net profit appears driven by non-operating items. Cash flow is the biggest concern with negative operating and free cash flow in most years, indicating ongoing cash burn. Low debt helps, but equity volatility (negative in FY2024 to positive in FY2025) signals a fragile capital structure.

Income Statement

Profitability and revenue quality are weak and volatile. Revenue fell to zero in FY2025 and FY2024 after generating A$13.6m in FY2023 and A$19.4m in FY2022, highlighting a sharp contraction and lack of operating scale. While FY2025 reported positive net income (A$0.6m) versus a large loss in FY2024 (A$15.8m), operating earnings remain deeply negative (EBIT of -A$2.9m in FY2025; -A$3.5m in FY2024), suggesting earnings are likely driven by non-operating items rather than core operations. Margins are inconsistent across the period, reinforcing limited earnings stability.

Balance Sheet

Leverage appears low, but the balance sheet shows meaningful equity volatility. Debt is minimal in FY2025 (A$7k; debt-to-equity ~0.01), which reduces near-term financial risk. However, equity swung from negative in FY2024 (-A$2.8m) to positive in FY2025 (A$0.5m), signaling a fragile capital structure and potential reliance on revaluations, asset sales, or capital actions. Total assets remain sizable (A$20.9m in FY2025), but the history of losses and the prior equity deficit temper overall balance sheet strength.

Cash Flow

Cash generation is the key weakness. Operating cash flow is negative in most years (FY2025 -A$0.9m; FY2024 -A$5.2m; FY2023 -A$5.6m), indicating the business has not consistently funded itself from operations. Free cash flow is also persistently negative (FY2025 -A$4.0m; FY2024 -A$9.3m; FY2023 -A$12.2m), implying ongoing cash burn and likely dependence on financing or asset monetization to sustain operations. A positive operating cash flow and free cash flow only appear in FY2022, but that improvement did not persist.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	13.64M	19.45M	6.66M
Gross Profit	-562.00	-562.00	-20.64K	1.03M	6.49M	534.41K
EBITDA	-2.45M	-2.45M	915.79K	-821.07K	-7.61M	-5.97M
Net Income	608.57K	608.57K	-15.84M	1.32M	-7.70M	-3.93M
Balance Sheet
Total Assets	20.92M	20.92M	18.49M	30.73M	38.44M	31.10M
Cash, Cash Equivalents and Short-Term Investments	7.61M	7.61M	5.01M	11.00M	13.84M	597.50K
Total Debt	7.00K	7.00K	0.00	0.00	17.36K	381.65K
Total Liabilities	20.39M	20.39M	21.25M	22.99M	27.38M	23.82M
Stockholders Equity	532.27K	532.27K	-2.75M	7.74M	11.06M	7.29M
Cash Flow
Free Cash Flow	-3.98M	-3.98M	-9.34M	-12.16M	1.19M	-8.92M
Operating Cash Flow	-938.91K	-938.91K	-5.17M	-5.58M	6.00M	-5.51M
Investing Cash Flow	-526.75K	-526.75K	-6.74M	2.41M	-3.78M	-4.47M
Financing Cash Flow	3.75M	3.75M	6.15M	-12.65K	10.96M	8.22M

Triangle Energy (Global) 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%
SHE	51 Neutral	AU$4.79M	―	-9.49%	―	-16.79%	-205.26%
GGE	49 Neutral	AU$5.64M	―	-4.05%	―	12.37%	66.67%
LIO	46 Neutral	AU$8.14M	-4.86	-16.03%	―	-47.23%	-2.78%
TEG	44 Neutral	AU$6.60M	―	―	―	―	―
IPB	44 Neutral	AU$5.97M	-25.00	-7.32%	―	―	90.70%

Triangle Energy (Global) Limited Corporate Events

Triangle Energy Reports Lapse of 21.7 Million Performance Rights

Triangle Energy (Global) Limited has announced the lapse of 21,710,527 performance rights, which ceased on 13 January 2026 after the conditions attached to those rights were not met or became incapable of being satisfied. The lapse reduces the company’s pool of potential equity-based incentive securities and may slightly lessen prospective share dilution, signalling that certain performance milestones or strategic objectives linked to these rights were not achieved within the required timeframe.

The most recent analyst rating on (AU:TEG) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Triangle Energy (Global) Limited stock, see the AU:TEG Stock Forecast page.

Triangle Energy Initiates Legal Action Against Echelon Energy

Triangle Energy (Global) Limited has initiated legal proceedings against Acacia (L7) Pty Ltd, a subsidiary of Echelon Energy Limited, for non-performance related to a farm-in agreement for the L7 permit in the Perth Basin. The lawsuit, filed in the Supreme Court of Western Australia, claims a breach of contract and seeks $3.84 million for Echelon’s share of the third well’s cost. This legal action underscores Triangle’s commitment to enforcing contractual obligations and may impact its operational dynamics and stakeholder relationships.

Triangle Energy Announces Director’s Interest Change

Triangle Energy (Global) Limited has announced a change in the director’s interest, specifically regarding Gregory Hancock’s indirect interest through Hancock Corporate Investments Pty Ltd. The change involves the expiry of 30,000,000 unquoted options on November 24, 2025, which were previously held by Mr. Hancock’s associated entity. This development may impact the company’s stock options structure but does not alter the number of ordinary shares held.

Triangle Energy Announces 2025 AGM Results and Strategic Outlook

Triangle Energy (Global) Ltd announced the results of its 2025 Annual General Meeting, detailing the outcomes of each motion on the agenda, including proxy and poll results. The meeting’s results are part of the company’s ongoing efforts to manage its operations and strategic interests, which include expanding its asset portfolio through acquisitions, thereby potentially impacting its market position and stakeholder interests.

Triangle Energy Expands into Philippines Gas Market

Triangle Energy (Global) Limited has announced its entry into the Philippines gas market, highlighting its leveraged exposure to high prospectivity gas plays in the region. The company has reported its contingent and prospective resources in various permits, confirming that there have been no material changes to previous estimates. This strategic move is expected to enhance Triangle’s industry positioning by expanding its resource base, potentially impacting stakeholders by increasing the company’s production capabilities and market reach.

Triangle Energy Initiates Legal Action Against Strike Energy Over Perth Basin Dispute

Triangle Energy (Global) Limited has initiated legal proceedings against Talon (L7) Pty Ltd, a subsidiary of Strike Energy Limited, for breach of contract related to the L7 permit in the Perth Basin. The dispute involves a claim for $3.84 million, representing Strike’s share of costs for a third well under the Farmout Agreement. Triangle’s decision to pursue legal action follows unsuccessful negotiations with Strike, highlighting the company’s commitment to enforcing contractual obligations and protecting its interests.

Triangle Energy Corrects Cashflow Report, Reveals Stronger Financial Position

Triangle Energy (Global) Limited announced an amendment to its Quarterly Activities and Cashflow report for the period ending 30 September 2025 due to an administrative oversight. The correction primarily affects the estimated cash available for future operating activities, significantly increasing the estimated quarters of funding available from 3.44 to 9.62. This adjustment reflects a more robust financial position, potentially impacting the company’s operational strategy and stakeholder confidence.

Triangle Energy Expands Southeast Asia Portfolio with New Philippine Permits

Triangle Energy has secured three new permits in the Philippines, including an onshore gas exploration and two offshore permits, enhancing its portfolio in Southeast Asia. The company is also transitioning its Cliff Head Oil Field to a Carbon Capture and Storage project in partnership with Pilot Energy Ltd, and continues to evaluate its positions in existing joint ventures and UK licenses, reflecting its strategic focus on expanding and optimizing its energy projects.

Triangle Energy Announces 2025 Annual General Meeting Details

Triangle Energy (Global) Limited has announced its 2025 Annual General Meeting, scheduled for November 20, 2025, in Perth, Western Australia. Shareholders are encouraged to participate either in person or by proxy, with voting instructions required by November 18, 2025. The company emphasizes the importance of reviewing the meeting materials and advises shareholders to seek professional advice if needed. This meeting is a key event for stakeholders to engage with the company’s strategic direction and governance.