EQTEC plc (EQT) AI Stock Analysis

• Market Cap: £524.18K
• Dividend Yield: N/A
• Average Volume (3M): 1.10M
• Price to Earnings (P/E): ―
• Beta (1Y): -2.17
• Revenue Growth: -64.78%
• EPS Growth: 59.65%
• Country: UK
• Employees: 28
• Sector: Industrials
• Sector Strength: 72
• Industry: Diversified Utilities
• EPS (TTM): N/A
• Shares Outstanding: 928,681,340
• 10 Day Avg. Volume: 2,090,119
• 30 Day Avg. Volume: 1,104,047
• PEG Ratio: <0.01
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 0.75
• P/FCF Ratio: -0.43
• 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: 38 Underperform
• Price Target: 0.05p ▼(-41.25% Downside)

The score is driven primarily by very weak financial performance (losses, high leverage, and negative cash flow). Technicals are also negative with the stock below key moving averages and bearish MACD, with only oversold indicators offering limited support. Valuation provides little offset given the negative P/E and no dividend yield data.

Positive Factors

Proprietary gasification technology and multi-use syngas

Owning proprietary gasification tech that converts diverse wastes into syngas for power, heat, biofuels and chemicals supports durable commercial opportunities across multiple end markets, enabling licensing, repeatable project work and long-term technology adoption.

Multiple revenue streams and partnership model

Revenue mix from licensing, project development, and energy sales plus JV/partner financing and grants reduces reliance on a single cash source. This diversified model helps scale projects without sole balance sheet funding and supports recurring/licensing cash flows over time.

Relatively stable equity ratio

A relatively stable equity ratio provides a modest capital cushion and indicates some shareholder capital remains intact. That stability can make external financing or structured project JV deals more feasible and reduces immediate insolvency risk versus a collapsing equity base.

Negative Factors

Declining revenue and persistent losses

Sustained revenue decline and negative operating and profitability metrics indicate the core business is not yet cash-generative. Persistent losses erode reinvestment capacity, hinder margin improvement initiatives, and make long-term competitiveness dependent on successful turnaround or external funding.

High leverage and significant liabilities

Material leverage raises refinancing and interest burden risks, constraining corporate flexibility. For capital-intensive energy projects, high debt increases project financing costs and can limit the firm's ability to pursue new development opportunities without dilutive or expensive capital.

Negative operating and free cash flow; liquidity strain

Consistent negative operating and free cash flow indicates cash burn and reliance on external financing. This undermines the company's ability to complete projects, support operations and invest in commercialization, making long-term execution and growth contingent on securing new capital.

EQTEC plc Business Overview & Revenue Model

Company Description

EQTEC plc (EQT) is a leading technology company specializing in the development and commercialization of advanced gasification and energy recovery solutions. The company operates primarily in the renewable energy sector, focusing on the conversion of waste materials into clean, renewable energy. EQTEC provides innovative technologies that enable the efficient transformation of biomass and other waste feedstocks into syngas, which can be utilized for electricity generation, heat production, or further processing into biofuels and chemicals.

How the Company Makes Money

EQTEC generates revenue through the sale and licensing of its proprietary gasification technology, as well as through the development and operation of energy projects that utilize its systems. Key revenue streams include project development fees, technology licensing agreements, and revenue from energy sales generated by operational plants. The company often partners with local governments, private investors, and energy producers to establish joint ventures or project financing arrangements, which can enhance its ability to scale operations and expand its market presence. Additionally, EQTEC may receive grants and incentives related to renewable energy initiatives, further contributing to its financial performance.

EQTEC plc Financial Statement Overview

Summary

EQTEC plc is facing significant financial challenges, including declining revenues, substantial losses, high leverage, and negative cash flow trends. Strategic improvements are necessary to achieve profitability and enhance financial stability.

Income Statement

EQTEC plc has experienced declining revenue growth over recent years with substantial losses. The gross profit margin has been inconsistent, and the net profit margin is negative due to persistent losses. Both EBIT and EBITDA margins are also negative, indicating operating challenges. The company's financial performance shows a need for strategic improvements to achieve profitability.

Balance Sheet

The balance sheet of EQTEC plc reflects high leverage with a debt-to-equity ratio indicating significant liabilities compared to equity. The return on equity is negative due to persistent losses, showcasing inefficiencies in using shareholder funds. However, the equity ratio remains relatively stable, showing some level of financial stability despite ongoing challenges.

Cash Flow

Cash flow analysis reveals negative free cash flow growth and operating cash flow, highlighting liquidity issues. The operating cash flow to net income ratio is unfavorable due to consistent losses. The company faces significant cash flow challenges, raising concerns about its ability to sustain operations without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.39M	2.20M	2.55M	7.97M	9.17M	2.23M
Gross Profit	729.95K	1.16M	372.63K	967.76K	1.63M	255.74K
EBITDA	-9.43M	-16.72M	-22.29M	-9.48M	-2.70M	-4.60M
Net Income	-18.30M	-19.42M	-23.51M	-10.53M	-4.70M	-5.76M
Balance Sheet
Total Assets	13.81M	13.70M	29.62M	49.62M	50.56M	29.70M
Cash, Cash Equivalents and Short-Term Investments	228.43K	306.93K	262.02K	1.69M	6.45M	6.39M
Total Debt	6.94M	6.63M	5.55M	6.23M	257.71K	1.21M
Total Liabilities	9.22M	8.69M	8.40M	12.49M	7.18M	4.40M
Stockholders Equity	6.93M	7.43M	23.52M	39.39M	45.76M	27.52M
Cash Flow
Free Cash Flow	-4.88M	-3.90M	-5.43M	-11.00M	-8.54M	-3.71M
Operating Cash Flow	-4.58M	-3.90M	-5.41M	-10.34M	-7.54M	-3.54M
Investing Cash Flow	2.27M	2.66M	158.85K	-4.34M	-8.88M	-1.52M
Financing Cash Flow	1.89M	1.39M	3.68M	9.93M	16.60M	10.73M

EQTEC plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:EQT, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.13, and below the 200-day MA of 0.43, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 38.28 is Neutral, neither overbought nor oversold. The STOCH value of 36.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:EQT.

EQTEC plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AFC	51 Neutral	£130.06M	-5.21	-86.37%	―	732.03%	12.60%
HUI	49 Neutral	£14.49M	-36.25	-20.52%	―	―	―
CPH2	47 Neutral	£27.61M	-1.10	-113.32%	―	―	―
IES	45 Neutral	£118.02M	-4.61	-32.53%	―	-58.85%	55.03%
PHE	41 Neutral	£19.45M	-3.42	-87.07%	―	3.87%	-160.00%
EQT	38 Underperform	£524.18K	-0.01	-126.45%	―	-64.78%	59.65%

EQTEC plc Corporate Events

EQTEC Extends Convertible Loan and Draws Further Funds to Bridge to February 2026

EQTEC has secured a further extension of the maturity date on its £0.7 million convertible loan to 28 February 2026 and has drawn down an additional £75,000 from its existing convertible loan facility as it continues negotiations with lenders and a major shareholder over a broader funding package. The cash-conservation measures and new drawdown are expected to extend the company’s cash runway to the end of February 2026, but EQTEC cautions there is no certainty that a comprehensive funding solution will be agreed, underscoring ongoing short-term working capital pressures and continued reliance on creditor support.

The most recent analyst rating on (GB:EQT) stock is a Sell with a £0.07 price target. To see the full list of analyst forecasts on EQTEC plc stock, see the GB:EQT Stock Forecast page.

EQTEC Converts Facility into New Shares to Boost Market Position

EQTEC plc announced the conversion of a £100,000 principal amount into 133,689,839 new ordinary shares under its facility with Global Investment Strategy UK Limited. These shares will be admitted to trading on AIM, increasing the total number of shares in issue to 928,681,342. This move reflects EQTEC’s ongoing efforts to strengthen its financial position and enhance its market presence in the clean energy sector.

The most recent analyst rating on (GB:EQT) stock is a Sell with a £0.07 price target. To see the full list of analyst forecasts on EQTEC plc stock, see the GB:EQT Stock Forecast page.

EQTEC Announces Share Conversion to Boost Market Position

EQTEC plc announced the conversion of £75,000 into 116,099,071 new ordinary shares as part of a facility with Global Investment Strategy UK Limited. The new shares will be admitted to trading on AIM, increasing the total ordinary shares in issue to 794,991,503. This move reflects EQTEC’s ongoing efforts to strengthen its financial position and enhance its market presence in the sustainable energy sector.

The most recent analyst rating on (GB:EQT) stock is a Sell with a £0.07 price target. To see the full list of analyst forecasts on EQTEC plc stock, see the GB:EQT Stock Forecast page.

EQTEC Secures Additional Funding for Methanation Projects in France

EQTEC plc has announced an extension of its collaboration with GRDF, bolstered by additional private funding to advance its methanation projects in France. The company secured further funding for the Green Gas Provence project in Istres and won a competitive R&D tender for a methanation system at the University of Lorraine. This funding supports EQTEC’s efforts to demonstrate the conversion of high-purity syngas into renewable methane, with a major utility expressing interest in the project’s outcomes. These developments highlight EQTEC’s progress in the clean-tech sector despite challenging market conditions.

The most recent analyst rating on (GB:EQT) stock is a Sell with a £0.10 price target. To see the full list of analyst forecasts on EQTEC plc stock, see the GB:EQT Stock Forecast page.

EQTEC plc Announces Funding Update Amidst Challenging Market Conditions

EQTEC plc announced a corporate and funding update, highlighting its challenging trading and funding environment due to broader market conditions in the clean energy sector. The company has a total corporate debt of approximately £6.1 million and is actively seeking additional funding to meet its short-term obligations. A preliminary agreement with Rebel Ion Limited and existing lenders could potentially restructure this debt, contingent on a successful equity raise and regulatory approvals. The proposed arrangement aims to extend loan maturities and convert some debt into equity, which could improve EQTEC’s financial stability and support its strategic de-leveraging efforts.

The most recent analyst rating on (GB:EQT) stock is a Hold with a £0.50 price target. To see the full list of analyst forecasts on EQTEC plc stock, see the GB:EQT Stock Forecast page.

EQTEC Announces Share Conversion to Enhance Market Presence

EQTEC plc announced the conversion of a £50,000 principal amount into 30,595,875 new ordinary shares as part of its facility with Global Investment Strategy UK Limited. The new shares will be admitted to trading on AIM, increasing the total number of ordinary shares to 678,892,432. This move is part of EQTEC’s strategic financial activities, potentially impacting shareholder interests and enhancing the company’s market presence.

The most recent analyst rating on (GB:EQT) stock is a Hold with a £0.50 price target. To see the full list of analyst forecasts on EQTEC plc stock, see the GB:EQT Stock Forecast page.

EQTEC Announces Leadership Restructuring and New Funding Strategy

EQTEC plc has announced significant leadership changes and cost optimization measures, including the suspension of the Rebel Ion Option Agreement and the introduction of a new funding facility. The company is undergoing a strategic realignment to enhance capital efficiency and execution maturity, with a focus on reducing costs, stabilizing operations in key regions, and expanding revenue. The new funding facility aims to support working capital and advance EQTEC’s entry into the synthetic fuels sector, aligning with its growth strategy.

The most recent analyst rating on (GB:EQT) stock is a Hold with a £0.50 price target. To see the full list of analyst forecasts on EQTEC plc stock, see the GB:EQT Stock Forecast page.