Toro Energy (TOE) AI Stock Analysis

• Market Cap: AU$61.34M
• 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

Low Leverage

A very low debt load relative to equity provides durable financial flexibility for a development-stage miner. It reduces near-term refinancing risk, supports continued permitting and exploration spending, and lengthens runway for project advancement before needing large external financing.

Early Revenue Traction

Reporting measurable revenue after prior minimal receipts is a structural positive for a development-stage company. It signals the ability to capture some commercial or contract income, demonstrates nascent revenue-generation capability, and creates a foundation to scale if projects progress.

Clear Project Development Focus

A focused business model advancing uranium projects (studies, permitting, environmental and exploration) means the company follows a clear, repeatable development pathway. That structured approach supports value realization if resource economics and approvals progress over the medium term.

Negative Factors

Sustained Cash Burn

Persistent negative operating and free cash flow indicates the business is consuming cash to fund exploration and development. Over months this depletes reserves, forces recurring external funding needs, and increases dilution or financing risk if project milestones do not materially improve cash generation.

Deep Negative Profitability

Extremely negative margins reflect a revenue base far too small to cover operating costs. This structural unprofitability limits internal reinvestment, undermines operating leverage, and means the company cannot self-fund development until revenues scale materially or costs are substantially reduced.

Declining Equity Base

A falling equity base signals accumulated losses or dilution and reduces the balance-sheet buffer available for project setbacks. Structurally, lower equity tightens financial flexibility and increases the probability the company will require additional capital raises to progress projects.

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: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.52, below the 50-day MA of 0.52, and above the 200-day MA of 0.35, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.72 is Neutral, neither overbought nor oversold. The STOCH value of 18.52 is Positive, 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$65.58M	-2.79	232.33%	―	―	-268.97%
TOE	45 Neutral	AU$61.34M	-3.18	-36.26%	―	―	-1.26%
CXU	43 Neutral	AU$48.89M	-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.