Toro Energy (TOE) AI Stock Analysis

• Market Cap: AU$63.15M
• Dividend Yield: N/A
• Average Volume (3M): 280.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.03
• Revenue Growth: N/A
• EPS Growth: -1.26%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.04
• Shares Outstanding: 120,281,845
• 10 Day Avg. Volume: 141,104
• 30 Day Avg. Volume: 280,910
• PEG Ratio: -0.70
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 31.48
• P/FCF Ratio: -3.88
• 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$0.50 ▼(-0.60% Downside)
• Action: Reiterated Date: 02/03/26
• Date: Action: Reiterated 02/03/26

The score is held down primarily by weak financial performance (large losses and ongoing cash burn), with only partial offset from a low-debt balance sheet. Technicals are supportive due to a strong uptrend, but overbought momentum indicators increase pullback risk. Valuation remains unattractive/unclear because earnings are negative (negative P/E).

Positive Factors

Conservative balance sheet

Toro's balance sheet is conservatively levered with almost no reported debt versus meaningful equity, which materially reduces near‑term refinancing risk and gives management optionality to fund project development or seek strategic partners without pressing liquidity stress.

Emerging revenue base

The company recorded measurable revenue growth in 2025 after prior minimal receipts, indicating early commercial activity or monetisation progress. Sustained revenue increases would enable better absorption of fixed exploration and development costs over the medium term.

Focused project development

Toro's clear development-stage mandate—permitting, studies and resource advancement—is a durable value-creation pathway for mineral developers: completing technical and regulatory milestones materially de-risks projects and creates optionality for financing or offtake arrangements.

Negative Factors

Persistent losses

Toro remains structurally loss-making with very wide negative margins and widening net losses, signalling weak operating leverage. Sustained negative profitability erodes capital, limits reinvestment capacity, and increases reliance on external financing or equity dilution over the medium term.

Elevated cash burn

Operating and free cash flows are substantially negative and deteriorated year‑over‑year, meaning the business consumes cash to fund exploration and development. Persistent cash burn pressures financial flexibility and necessitates durable funding sources before projects reach revenue-generating scale.

Eroding equity / negative ROE

Equity erosion and deeply negative returns on equity reflect cumulative losses and potential asset drawdowns or dilution. A shrinking equity buffer reduces resilience to shocks, raises the probability of future capital raises, and weakens long‑term balance sheet stability if losses persist.

Toro Energy Business Overview & Revenue Model

Company Description

Toro Energy Limited (TOE) is an Australian uranium company focused on the exploration and development of uranium assets. The company's primary project is the Wiluna Uranium Project located in Western Australia, which aims to supply uranium to meet global energy demands. Toro Energy is committed to delivering sustainable energy solutions while adhering to environmental and safety standards.

How the Company Makes Money

Toro Energy does not have publicly available information indicating ongoing operating revenue from product sales (e.g., uranium production) at this time; null. As an exploration and development-stage company, it is primarily positioned to generate future revenue by developing uranium projects to production and selling uranium into the nuclear fuel market, but specific commercial production, sales contracts, pricing arrangements, or disclosed recurring revenue streams are not available; null. There is also no specific, publicly available detail in this context on significant revenue-generating partnerships, offtake agreements, or other earning arrangements; null.

Toro Energy Financial Statement Overview

Summary

Overall fundamentals are weak: the company remains loss-making with deeply negative margins and widening net losses, alongside continued meaningful cash burn (negative operating and free cash flow). The main offset is a low-debt, equity-funded balance sheet that reduces near-term refinancing risk, but ongoing losses and declining equity keep financial risk elevated.

Income Statement

Toro Energy remains in a loss-making profile with deeply negative profitability in the latest annual period (2025: net margin ~-1,295% and EBIT margin ~-863%), reflecting a very small revenue base relative to operating expenses. While revenue improved in 2025 versus 2024 (A$0.745m vs A$0.150m), earnings losses widened (net loss ~A$9.6m vs ~A$8.1m), indicating limited operating leverage and weak near-term earnings quality. The main strength is the presence of some revenue in the last two years after prior periods with minimal/zero revenue, but overall profitability and scalability remain major weaknesses.

Balance Sheet

The balance sheet is conservatively levered in the most recent year, with very low debt (2025 total debt ~A$0.08m) versus equity (~A$21.5m), supporting financial flexibility. Total assets (~A$22.3m) remain largely equity-funded, reducing refinancing risk. The key weakness is continued negative returns on equity (2025 ROE ~-45%), and equity has declined from 2024 to 2025 (A$30.4m to A$21.5m), consistent with ongoing losses and potential dilution/asset drawdowns over time.

Cash Flow

Cash generation remains a clear pressure point: 2025 operating cash flow was meaningfully negative (~-A$6.0m) and free cash flow was also negative (~-A$6.0m), indicating the business is consuming cash rather than funding itself. Free cash flow deteriorated sharply versus 2024 (from ~-A$5.4m to ~-A$6.0m), and cash burn is elevated relative to the company’s current revenue scale. A relative positive is that free cash flow tracked closely with net loss in 2025 (free cash flow to net income ~1.0x), suggesting losses are not massively understated by non-cash accounting, but the magnitude of cash burn remains the central risk.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	745.00K	150.00K	0.00	0.00	0.00
Gross Profit	745.00K	150.00K	-73.27K	-169.04K	-77.40K
EBITDA	-6.36M	-3.56M	-7.26M	-9.99M	-5.94M
Net Income	-9.65M	-8.07M	-7.10M	-8.93M	-6.51M
Balance Sheet
Total Assets	22.31M	31.49M	21.82M	23.16M	31.16M
Cash, Cash Equivalents and Short-Term Investments	6.69M	12.73M	3.24M	4.44M	12.38M
Total Debt	76.22K	0.00	0.00	0.00	10.00M
Total Liabilities	834.73K	1.09M	1.38M	1.56M	10.84M
Stockholders Equity	21.48M	30.40M	20.44M	21.59M	20.31M
Cash Flow
Free Cash Flow	-6.04M	-5.37M	-5.72M	-3.99M	-6.40M
Operating Cash Flow	-6.03M	-1.74M	-869.48K	1.12M	-1.49M
Investing Cash Flow	484.16K	-3.55M	-4.82M	-6.13M	-5.45M
Financing Cash Flow	-23.15K	15.97M	4.76M	-3.32M	13.91M

Toro Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TOE, the sentiment is Positive. The current price of 0.5 is below the 20-day moving average (MA) of 0.53, below the 50-day MA of 0.52, and above the 200-day MA of 0.36, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 51.74 is Neutral, neither overbought nor oversold. The STOCH value of 66.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TOE.

Toro Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VRC	48 Neutral	AU$28.34M	-12.76	-11.53%	―	―	40.00%
SUH	48 Neutral	AU$20.61M	-24.16	-108.69%	―	―	36.67%
PHO	46 Neutral	AU$68.20M	-7.36	-2.83%	―	―	-268.97%
TOE	45 Neutral	AU$63.15M	-3.18	-36.26%	―	―	-1.26%
CXU	43 Neutral	AU$46.85M	-6.39	-97.96%	―	―	―

Toro Energy Corporate Events

Toro Energy Releases 2025 Interim Financial Report

Toro Energy Limited has released its 2025 Interim Financial Report, providing stakeholders with an overview of the company’s financial performance and position for the half-year period. The report includes directors’ commentary, audited financial statements, cash flow details and updated mineral resources information, offering investors and regulators a structured view of Toro’s current operations and asset base.

The interim report is intended to enhance transparency around Toro Energy’s financial health and resource portfolio, supporting informed assessment of the company’s progress and risk profile. By consolidating profit and loss data, balance sheet metrics and mineral resource disclosures, Toro underscores its compliance with reporting standards and its efforts to maintain market confidence during the current reporting period.

The most recent analyst rating on (AU:TOE) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Toro Energy stock, see the AU:TOE Stock Forecast page.

IsoEnergy Moves to Acquire Toro Energy in Premium Uranium Portfolio Deal

Toro Energy has agreed to be acquired by Canada- and US-listed IsoEnergy under a scheme of arrangement that will see IsoEnergy acquire 100% of Toro’s shares, giving Toro investors 0.036 IsoEnergy shares per Toro share. The deal values Toro at A$0.584 per share, a premium of nearly 80% to its last traded price before the announcement, and will leave Toro shareholders with about 7.1% of the enlarged uranium group, which combines Toro’s Wiluna Uranium Project with IsoEnergy’s Athabasca Basin assets, past-producing US mines and broader exploration portfolio. The transaction is expected to provide Toro investors with exposure to a larger, more diversified uranium producer in tier-one jurisdictions, greater access to capital, and improved liquidity, while Toro continues technical work, including pilot plant design and remodelling of the Lake Maitland geometallurgical block model ahead of a core drilling program that will further refine its resource base.

The most recent analyst rating on (AU:TOE) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Toro Energy stock, see the AU:TOE Stock Forecast page.

Toro Energy Clears Key FIRB Hurdle in IsoEnergy Takeover Scheme

Toro Energy has announced that IsoEnergy has received written confirmation from the Australian Commonwealth Government under the Foreign Acquisitions and Takeovers Act that it has no objection to IsoEnergy’s proposed acquisition of all Toro shares it does not already own via a scheme of arrangement. Satisfaction of this Foreign Investment Review Board-related condition marks a key regulatory milestone for the transaction, which still requires Toro shareholder approval and court sign-off, maintaining momentum toward potential consolidation that could reshape Toro’s ownership structure and strategic positioning in the uranium sector.