Block Energy Plc (BLOE) AI Stock Analysis

• Market Cap: £6.57M
• Dividend Yield: N/A
• Average Volume (3M): 1.96M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• 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: 772,653,300
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: 1.00p ▲(53.85% Upside)

Block Energy Plc's overall stock score is primarily impacted by its challenging financial performance and bearish technical indicators. The company's strong balance sheet and improved cash flow management are positive factors, but they are overshadowed by declining revenues, negative profitability, and weak market momentum.

Positive Factors

Strong Balance Sheet

A low debt-to-equity ratio indicates conservative leverage, providing financial stability and flexibility to invest in growth opportunities.

Improved Cash Flow Management

Improved cash flow management enhances the company's ability to fund operations and invest in future projects, supporting long-term growth.

Operational Efficiency

Improved EBITDA margin suggests better operational efficiency, which can lead to enhanced profitability and competitive positioning over time.

Negative Factors

Declining Revenue Growth

Declining revenue growth indicates challenges in market demand or competitive pressures, which could hinder future expansion and profitability.

Negative Profitability

Persistent negative profitability reflects operational challenges and may limit the company's ability to reinvest in growth or withstand economic downturns.

Weak Return on Equity

A negative return on equity suggests inefficiencies in using shareholder funds, potentially impacting investor confidence and future capital raising efforts.

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 faces a challenging financial environment 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.

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	3.13M	-948.00K
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: Neutral
• Last Price: 0.65
• 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 Neutral. The current price of 0.65 is below the 20-day moving average (MA) of 0.72, below the 50-day MA of 0.79, and below the 200-day MA of 0.89, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 41.99 is Neutral, neither overbought nor oversold. The STOCH value of 45.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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%
BLOE	46 Neutral	£6.57M	-14.17	―	―	-12.37%	76.00%
ORCA	33 Underperform	£12.48M	-13.17	―	―	―	27.27%

Block Energy Plc Corporate Events

Block Energy Reports Interim Results with Strategic Advancements

Block Energy plc reported its interim results for the first half of 2025, highlighting stable production levels and strategic advancements despite a financial loss. The company faced a loss of $639,000 due to falling oil prices and reduced inventory levels, but maintained operationally positive cash flow and reduced general and administrative expenses. Key developments included acquiring operational rights to Samgori South Dome, progressing a CCS project, and securing a farm-in agreement with a leading E&P company, positioning Block Energy for future growth and enhanced shareholder value.

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 Launches Cost-Effective Drilling Pilot in Georgia

Block Energy plc has announced the spud of KRT-39ST, a pilot project utilizing new ‘slim hole’ technology that significantly reduces drilling costs by approximately 40% compared to conventional methods. If successful, this technology could be applied to other projects, potentially enhancing the company’s operational efficiency and strengthening its position in the Georgian 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 Finalizes Farmout Agreement for Georgian License

Block Energy plc has finalized negotiations for the farmout of its XIQ license, part of Project IV in Georgia, to a leading international exploration and production company. The agreement, pending government approval, allows the partner to acquire up to a 75% interest in the license, with an option to increase to 92.5% following a work program involving 3D seismic and drilling. This development marks a significant milestone for Block Energy, potentially unlocking the XIQ’s resource potential and providing momentum for other projects.

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 Completes Landmark CO2 Injection in Georgia

Block Energy plc has successfully completed its initial CO2 injection as part of its Carbon Capture Storage project in Georgia, marking the first successful pilot of its kind in Eastern Europe. This milestone positions Block Energy as a leader in low-cost CCS technology, paving the way for commercial opportunities and collaborations with industrial partners and carbon markets. The pilot aims to demonstrate the viability of large-scale CO2 mineralisation, potentially offering solutions for carbon emissions reduction in Georgia and beyond. The project aligns with EU carbon regulations and reflects a commitment to sustainable industrial practices.

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 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.