Block Energy Plc (BLOE) AI Stock Analysis

• Market Cap: £6.58M
• Dividend Yield: N/A
• Average Volume (3M): 1.96M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.15
• Revenue Growth: -12.37%
• EPS Growth: 76.00%
• Country: UK
• Employees: 147
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): N/A
• Shares Outstanding: 1,011,647,500
• 10 Day Avg. Volume: 2,461,436
• 30 Day Avg. Volume: 1,962,824
• PEG Ratio: 0.14
• Price to Book (P/B): 0.24
• Price to Sales (P/S): 0.82
• P/FCF Ratio: 8.40
• 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: 51 Neutral
• Price Target: 0.75p ▲(0.53% Upside)

Block Energy Plc's overall stock score reflects significant financial and valuation challenges. The company's declining revenues, negative profitability, and bearish technical indicators weigh heavily on its score. While the balance sheet is strong, the lack of earnings and dividend yield further impacts its attractiveness.

Positive Factors

Conservative balance sheet leverage

A very low debt-to-equity ratio and strong equity ratio provide durable financial resilience for an E&P firm. This conservative capital structure reduces refinancing risk during commodity cycles, supports funding for field development or capex, and strengthens negotiation leverage for JV or offtake deals.

Improving cash generation

Substantially improved free cash flow growth and positive operating cash conversion indicate better cash discipline and operational cash generation. Sustainable FCF strengthens the company's ability to self-fund development, lower external financing needs, and endure oil price volatility over the medium term.

Clear E&P business model and market focus

A focused upstream E&P model in Georgia gives the company a clear revenue pathway tied to hydrocarbon production and sales. Long-term structural demand for oil and gas, local licensing and onshore assets support sustainable revenue channels and potential strategic partnerships or exports.

Negative Factors

Declining revenues and negative margins

Falling revenues and a persistent net loss margin indicate structural demand or operating issues that impair profitability. Over months, this limits reinvestment in fields, increases risk of asset impairments, and pressures the ability to fund growth without external capital or material efficiency gains.

Negative return on equity

A negative ROE shows the company is not generating returns on shareholder capital, undermining long-term value creation. This persistent underperformance can make raising equity or debt more costly, constrain financing for development projects, and deter long-term investors.

Operational inefficiencies

Documented operational inefficiencies translate to higher per-barrel costs and weaker margins, reducing competitiveness versus peers. Without structural improvements in operating processes, recovery rates or cost control, these inefficiencies will persistently limit cash conversion and project economics.

Block Energy Plc Business Overview & Revenue Model

Company Description

Block Energy Plc explores for, develops, and produces oil and gas in the Republic of Georgia. Its flagship field is the 100% owned West Rustavi onshore oil and gas field located in Kura basin. The company also owns 100% working interests in Block IX, Block XI, and Norio onshore oil fields, and 90% working interest in Satskhenisi onshore oil field located in Kura basin. The company was formerly known as Goldcrest Resources Plc and changed its name to Block Energy Plc in May 2017. Block Energy Plc was incorporated in 2005 and is headquartered in London, the United Kingdom.

How the Company Makes Money

Block Energy generates revenue primarily through the sale of crude oil and natural gas produced from its exploration and production activities. The company has established a revenue model that involves the extraction of hydrocarbons from its licensed areas in Georgia, followed by selling the produced resources to domestic and international markets. Key revenue streams include direct sales of oil and gas, as well as potential revenue from any joint ventures or partnerships it may form with local or international energy companies. Additionally, the company's operational efficiency and effective cost management contribute to its profitability, while favorable market conditions for oil and gas prices can significantly enhance earnings.

Block Energy Plc Financial Statement Overview

Summary

Block Energy Plc is facing financial challenges with declining revenues and negative profitability margins. Despite a strong balance sheet with low leverage and improved cash flow management, the company struggles with operational inefficiencies and weak returns on equity.

Income Statement

Block Energy Plc has shown a decline in revenue growth with a negative rate of -6.96% in the latest year, indicating a challenging market environment. The gross profit margin has decreased slightly to 36.89%, and the net profit margin remains negative at -8.08%, reflecting ongoing profitability challenges. Despite a slight improvement in EBITDA margin to 11.39%, the company still faces operational inefficiencies as indicated by the negative EBIT margin.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.079, suggesting conservative leverage and financial stability. However, the return on equity is negative at -2.41%, indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is strong, highlighting a solid capital structure, but profitability remains a concern.

Cash Flow

Block Energy Plc has shown significant improvement in free cash flow growth at 412.65%, indicating better cash management. The operating cash flow to net income ratio is 0.64, suggesting that the company is generating cash from operations, though the free cash flow to net income ratio of 0.53 indicates room for improvement in converting earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.22M	7.53M	8.37M	8.26M	6.11M	1.25M
Gross Profit	3.07M	2.78M	3.17M	2.31M	3.13M	-948.00K
EBITDA	453.00K	858.00K	-909.00K	415.00K	-1.79M	-4.72M
Net Income	-1.25M	-609.00K	-2.21M	-1.61M	-4.78M	-5.51M
Balance Sheet
Total Assets	28.45M	29.48M	29.96M	30.62M	30.93M	34.01M
Cash, Cash Equivalents and Short-Term Investments	845.00K	1.14M	713.00K	450.00K	1.24M	6.33M
Total Debt	2.00M	2.00M	2.00M	0.00	0.00	0.00
Total Liabilities	3.37M	4.17M	4.26M	3.42M	3.86M	4.32M
Stockholders Equity	25.08M	25.31M	25.71M	27.20M	27.07M	29.69M
Cash Flow
Free Cash Flow	771.00K	734.00K	-1.52M	-1.21M	-6.97M	-5.81M
Operating Cash Flow	1.18M	1.40M	1.57M	1.52M	-565.00K	-3.19M
Investing Cash Flow	-706.00K	-657.00K	-3.06M	-2.45M	-6.12M	-2.60M
Financing Cash Flow	-278.00K	-311.00K	1.75M	-1.00K	1.46M	5.34M

Block Energy Plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BLOE, the sentiment is Negative. The current price of 0.75 is below the 20-day moving average (MA) of 0.76, above the 50-day MA of 0.75, and below the 200-day MA of 0.87, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 35.47 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BLOE.

Block Energy Plc 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%
UJO	56 Neutral	£3.44M	-3.98	-2.88%	―	―	―
BLOE	51 Neutral	£6.58M	-10.83	―	―	-12.37%	76.00%
TRP	44 Neutral	£8.88M	-2.70	-5.14%	―	―	―
ORCA	43 Neutral	£12.25M	-13.48	―	―	―	27.27%
DELT	41 Neutral	£2.93M	-0.99	-215.74%	―	―	―

Block Energy Plc Corporate Events

Block Energy’s Georgian CCS Pilot Achieves Up to 100% CO2 Mineralisation, Paving Way for Scale-Up

Block Energy has reported highly encouraging initial results from its Phase 1 carbon capture and storage pilot in Georgia, where post-injection sampling and independent laboratory analysis indicate that 70%–100% of the 13.6 tonnes of CO2 injected in August into the Middle Eocene reservoir at the Patardzeuli field has mineralised into solid carbonate minerals within three months. No gaseous CO2 was detected at the surface, and tracer data combined with geochemical interpretation from technical adviser OPC confirm rapid in-reservoir mineralisation and permanent storage, significantly de‑risking the project and providing a strong technical basis for scaling up to a field-wide CCS scheme. Early assessments suggest the reservoir could store around 151.5 million tonnes of CO2 through mineralisation, and Block, together with JV partner Rustavi Azot of Indorama Corporation, will now refine storage capacity and injection rates, seek independent certification of the permanent storage, and evaluate commercial pathways including third‑party storage and integration with industrial emitters, positioning the company as a potential provider of high‑integrity CCS solutions for hard‑to‑abate sectors in Georgia’s industrial heartland.

The most recent analyst rating on (GB:BLOE) stock is a Hold with a £0.65 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.

Block Energy Completes Capital Structure Simplification

Block Energy plc has announced the completion of its capital structure simplification following shareholder approval at a General Meeting. The company will issue 7,275,412 new shares, which will be admitted to trading on AIM. This move is expected to streamline the company’s operations and enhance transparency for stakeholders, as the total voting rights will now comprise 1,011,647,492 ordinary shares.

The most recent analyst rating on (GB:BLOE) stock is a Hold with a £0.65 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.

Block Energy plc Secures Shareholder Approval for Key Resolutions

Block Energy plc announced that all resolutions proposed at its General Meeting were approved by shareholders, with significant majorities. This approval reflects strong shareholder support and may positively impact the company’s operational strategies and market positioning in the Georgian oil and gas sector.

The most recent analyst rating on (GB:BLOE) stock is a Hold with a £0.65 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.

Block Energy Receives Farm-In Offer for Georgian Project III

Block Energy plc has received a non-binding farm-in offer from a large energy company for its Project III, which includes a full carry of the Patardzueli-Samgori appraisal program and initial development. The offer, subject to customary agreements and Georgian government approval, could significantly impact Block Energy’s operations by advancing the development of fields with over 1 Tcf of 2C contingent gas resources, enhancing its position in the European energy market.

The most recent analyst rating on (GB:BLOE) stock is a Hold with a £0.65 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.

Block Energy plc Announces General Meeting to Discuss Strategic Initiatives in Georgia

Block Energy plc has announced a General Meeting scheduled for December 12, 2025, at its London office. This meeting is part of the company’s ongoing efforts to engage with shareholders and discuss its strategic initiatives in Georgia, where it aims to unlock significant energy potential. The company’s focus on the Georgian market, with its substantial gas resources, positions it to contribute to regional energy development and potentially impact the EU energy market.

The most recent analyst rating on (GB:BLOE) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.

Block Energy Simplifies Capital Structure with Share Option Overhaul

Block Energy plc has announced a simplification of its capital structure by canceling a significant portion of unexercised share options and issuing new ordinary shares to staff members. This move aims to reduce the complexity of the company’s capital structure and address the overhang of options, potentially improving market perception and shareholder value. The simplification exercise involves exchanging previously granted options for new shares, with the overall share capital increasing slightly while the number of options in issue decreases significantly. The company’s largest shareholder, the Block Energy plc Employee Benefit Trust, will utilize its shares as part of this exercise, and additional shares will be issued to balance the changes.

The most recent analyst rating on (GB:BLOE) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.

Block Energy Secures £1.5 Million Fundraise to Propel Growth Initiatives

Block Energy plc has successfully raised £1.5 million through an institutional equity fundraising, enhancing its financial flexibility to advance various growth initiatives. The funds will support farm-out projects, development of a CCS project, and exploration of new ventures in Georgia and internationally. The company is making significant progress on several projects, including Project IV and Project III, which involve strategic partnerships and potential gas production increases. The successful drilling of well KRT-39ST using ‘slim-hole’ technology marks a technical milestone for the company in Georgia.

The most recent analyst rating on (GB:BLOE) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.

Block Energy Secures £1.5 Million to Propel Georgian Energy Projects

Block Energy plc has successfully raised £1.5 million through an equity fundraising, strengthening its financial position to advance multiple projects in Georgia. The funds will support ongoing farm-out negotiations for Projects III and IV, as well as the development of a carbon capture and storage project and new ventures. The company is making significant progress in its operations, including the successful drilling of well KRT-39ST using slim-hole technology and advancing negotiations with international partners for strategic gas projects. This fundraising and operational update positions Block Energy to enhance its industry standing and deliver growth opportunities.

The most recent analyst rating on (GB:BLOE) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.