Block Energy Plc (BLOE) AI Stock Analysis

• Market Cap: £7.92M
• Dividend Yield: N/A
• Average Volume (3M): 1.22M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.37
• Revenue Growth: -12.37%
• EPS Growth: 76.00%
• Country: UK
• Employees: 147
• Sector: Energy
• Sector Strength: 58
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 772,653,300
• 10 Day Avg. Volume: 2,772,033
• 30 Day Avg. Volume: 1,220,814
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: £1.00
• Price Target Upside: -1.96% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 53 Neutral
• Price Target: 1.00p ▼(-1.96% Downside)

Block Energy Plc's overall stock score is driven by its challenging financial performance and valuation concerns. While technical indicators suggest some positive momentum, the company's negative profitability and lack of dividend yield weigh heavily on its attractiveness. The absence of recent earnings call insights or notable corporate events leaves the financial and technical analysis as the primary factors influencing the score.

Block Energy Plc Business Overview & Revenue Model

Company Description

Block Energy Plc is a UK-based oil and gas exploration and production company focused on operations in the Republic of Georgia. The company is engaged in the development of oil and gas fields, primarily targeting under-explored areas to enhance production and reserves. Block Energy specializes in the extraction and commercialization of hydrocarbons, leveraging advanced technologies and methodologies to optimize resource recovery. Its core operations are centered around the drilling and production of oil, with a commitment to environmentally responsible practices.

How the Company Makes Money

Block Energy Plc generates revenue primarily through the sale of crude oil and natural gas produced from its exploration and production activities. The company's revenue model is heavily reliant on the successful operation of its oil and gas wells, where it earns income from the sale of hydrocarbons to various markets. Key revenue streams include direct sales to local and international buyers, as well as potential revenue from partnerships with other energy firms for joint ventures or service agreements. Additionally, fluctuations in global oil and gas prices significantly impact revenue, as well as the company's ability to effectively manage operational costs and production levels. Strategic partnerships with local and international companies can also enhance Block Energy's market position and revenue potential.

Block Energy Plc Financial Statement Overview

Summary

Block Energy Plc faces declining revenues and persistent profitability issues, with a negative net profit margin and weak return on equity. Despite a strong balance sheet with low leverage and improved cash flow management, operational inefficiencies remain a concern.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.53M	8.37M	8.26M	6.11M	1.25M
Gross Profit	2.78M	3.17M	2.31M	231.00K	-1.73M
EBITDA	858.00K	-909.00K	415.00K	-1.79M	-4.72M
Net Income	-609.00K	-2.21M	-1.61M	-4.78M	-5.51M
Balance Sheet
Total Assets	29.48M	29.96M	30.62M	30.93M	34.01M
Cash, Cash Equivalents and Short-Term Investments	1.14M	713.00K	450.00K	1.24M	6.33M
Total Debt	2.00M	2.00M	0.00	0.00	0.00
Total Liabilities	4.17M	4.26M	3.42M	3.86M	4.32M
Stockholders Equity	25.31M	25.71M	27.20M	27.07M	29.69M
Cash Flow
Free Cash Flow	734.00K	-1.52M	-1.21M	-6.97M	-5.81M
Operating Cash Flow	1.40M	1.57M	1.52M	-565.00K	-3.19M
Investing Cash Flow	-657.00K	-3.06M	-2.45M	-6.12M	-2.60M
Financing Cash Flow	-311.00K	1.75M	-1.00K	1.46M	5.34M

Block Energy Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 Positive. The current price of 1.02 is above the 20-day moving average (MA) of 0.90, above the 50-day MA of 0.90, and above the 200-day MA of 0.86, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 65.75 is Neutral, neither overbought nor oversold. The STOCH value of 38.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	$15.01B	7.39	3.19%	5.33%	4.10%	-61.80%
BLOE	53 Neutral	£7.92M	―	-2.34%	―	-12.37%	76.00%
DELT	―	£6.66M	―	-187.01%	―	―	―
TRP	―	£10.55M	―	-2.81%	―	―	―
UJO	―	£7.47M	8.36	2.97%	5.32%	―	―
PPP	―	£9.58M	―		―	―	―
ORCA	33 Underperform	£6.72M	―	-39.00%	―	―	27.27%

Block Energy Plc Corporate Events

Block Energy Advances Multi-Project Portfolio with Key Updates

Block Energy plc has provided an update on its multi-project portfolio, highlighting progress in farmouts, Carbon Capture and Storage (CCS), drilling activities, and new ventures. The company is advancing discussions on farmouts for Projects III and IV, with promising technical and commercial alignment. The CCS pilot, set to commence injection operations this quarter, could position Block as a leader in mineralisation-based CO₂ storage in the region. Additionally, the company plans to implement a cost-effective ‘slim hole’ drilling technique in Project I, potentially unlocking further low-cost drilling opportunities. Block Energy remains focused on capital-efficient growth, both within Georgia and internationally.

Block Energy Secures Shareholder Approval at AGM

Block Energy plc announced that all resolutions at its Annual General Meeting were approved by shareholders, indicating strong support for the company’s strategic direction. This approval reinforces Block Energy’s position in the energy sector, particularly in Georgia, and supports its ongoing projects and strategic goals, potentially impacting stakeholders positively by enhancing production and development activities.

Block Energy Announces 2024 Annual Report and AGM Details

Block Energy plc has announced the posting of its Annual Report for the year ended 31 December 2024 and the notice for its Annual General Meeting (AGM), scheduled for 25 June 2025 in London. This announcement underscores Block Energy’s commitment to transparency and stakeholder engagement, as it continues to focus on its strategic projects in Georgia, which are crucial for its growth and positioning in the energy market.

Block Energy Increases Share Capital Following Option Exercise

Block Energy plc announced the allotment of 3,345,398 ordinary shares to a former employee following the exercise of options granted under a salary sacrifice scheme. This move will increase the company’s issued share capital to 772,653,343 ordinary shares, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

Block Energy Reports 2024 Progress with Strategic Focus on High-Impact Projects

Block Energy plc announced its audited results for the year ended December 31, 2024, highlighting progress in its four-project strategy, focusing on high-impact projects and maintaining strong HSES practices. The company improved its cash position, remaining cashflow positive, despite a decrease in revenue due to natural production decline and lower commodity pricing. Strategic decisions included pausing Project I drilling to allocate resources to high-value projects, such as Project III and the CCS project, which saw significant advancements and potential partnerships. The company’s operations are at an inflection point with several catalysts expected in the coming year, reflecting its strategy to maximize shareholder value.

Block Energy Plc Announces Shareholder Name Change

Block Energy Plc has announced a notification of major holdings due to a name change of a shareholder, Maven Renovar VCT PLC, previously known as Amati AIM VCT plc. The change follows a shift in investment management from Amati Global Investors to Maven Capital Partners UK LLP, with no alteration in the company’s position, indicating stability in its shareholder structure.

Block Energy PLC Announces Investment Manager Change for Amati AIM VCT

Block Energy PLC announced a change in the investment manager for Amati AIM VCT plc, which is now Maven Capital Partners UK LLP, leading to a name change to Maven Renovar VCT plc. Despite this change, there has been no alteration in the position held in Block Energy, indicating stability in their stakeholder relationships.