1 Top Management and Board of Directors; 2 Peer Comparison & Ranking of AXP; 3 Currency Synopsis: Australian Dollar (AUD)

Top Management and Board of Directors

Top Management
Top Management [Three top executives with tenure < 1 yr]

NameDesignationSince Appointment
Dan LanskeyChief Executive Officer, Managing Director, Non-Executive Director7 Mos
Lonny HaugenChief Financial Officer-
Russell D. HamiltonVice President, General Manager-


Board Of Directors
Board Of Directors [Two directors with tenure > 7 yrs]

NameSince Appointment
Sam Jarvis7 Yrs, 4 Mos
Stuart J. Middleton10 Yrs, 3 Mos

Board Of Directors [Two directors with tenure < 5 yrs]

NameSince Appointment
Simon Johnson4 Yrs, 3 Mos
James Dack3 Mos


Resignations in the past 2 years

NameDesignationDate of Resignation
Robert LeesNon-Executive Director28 February 2025
Timothy Brian HartManaging Director, Chief Executive Officer26 February 2025
Andrew BoldNon-Executive Director16 September 2024
Simon JohnsonChairman19 October 2023
Christian PaechNon-Executive Director28 April 2023



Peer Comparison & Ranking of AXP
BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:
AXP Energy vs Australian Market

Out of 1,459 stocks in the Australian Market, AXP Energy is ranked 358th(358) by Price/Net Tangible Assets, 447th(447) by Total Debt/Equity, 447th(447) by Discount to 52-Wk High and 1085th(1085) by Revenue.

Australian AvgAXPAXP Rank
Price/Net Tangible Assets3.8x1.1x358
Total Debt/Equity (the lower the better)0.8x0.1x447
Discount to 52-Wk High (%)2.450447
Revenue $533.7 M421,2971085
Net Profit $20.5 M(2.9 M)1259
Market Cap $1.6 B4.3 M1284
Negative values are shown in brackets.
Stock in Index and Stock in Sector

DescriptionAXPS&P/ASX 200 Energy Index% of S&P/ASX 200 Energy IndexEnergy sector% of Energy sector
Net Profit $-2,927,4104.8 B-0.15.7 B-0.1
Revenue $421,29775 B0.00185.5 B-
Total Assets $5.6 M148.2 B0.004161.6 B0.003
MCap $4.3 M92.7 B0.005105.9 B0.004

Relative Valuation Indicators: Stock vs Index and Stock vs Sector

DescriptionAXPS&P/ASX 200 Energy Index Avg.Energy sector Avg.
Price/Earnings-1.219.818.9
Price/Net Tangible Assets1.091.341.44
Total Debt/Equity (the lower the better)0.05x0.28x0.29x

GLOBAL RANK [out of 45,784 stocks] AND RANK OF AXP ENERGY IN THE ASIA PACIFIC REGION [out of 1,820 stocks]

DescriptionValueGlobal RankIn APAC Region
MCap ($)4.3M41,0981,513
Total Assets ($)5.6M38,1751,387
Revenue ($)423,31337,1781,124
Net Profit ($)(2.9M)33,8831,233
Return on Equity %(17.0)34,277973
Price to Book1.618,871740
PV1000 (1Year) $*96625,180795
$* Change (1Year) %-28.131,8861,040

* 1 year ago AUD 1 = $ 0.68
Jul 15, 2025: AUD 1 equals $ 0.65

RANK OF AXP ENERGY IN THE AUSTRALIAN MARKET [out of 1657 stocks] AND IN THE ENERGY SECTOR [out of 127 stocks]

DescriptionValueIn Australian MarketIn Energy sector
MCap ($A)6.6M1,417106
Total Assets ($A)8.6M1,303102
Revenue ($A)643,2221,04364
Net Profit ($A)(4.5M)1,15990
Return on Equity %(17.0)89874
Price to Book1.145945
PV1000 (1Year) AUD1,00073037

LONG-TERM FUNDAMENTAL RANKING: 3 OUT OF 5 [5 is best]
AXP Energy is ranked number 99 out of 139 listed energy companies in the Australia with a market capitalization of $A6.6 million.
In the energy companies it has the 103rd highest total assets and 58th highest revenues.

Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.


Currency Synopsis: Australian Dollar (AUD)
% Change of AUD vs Currency Basket Period-Based
In the past year the Australian Dollar fell 3.1% against the US Dollars; in the past three years the Australian Dollar fell 4.2% against the US Dollars.

LastCountry1-day %1-week %1-Year %3-Yrs %
AUD1=0.656USDUnited States Of America-0.20.8-3.1-4.2
AUD1=4.704CNYChina-0.20.8-4.42.8
AUD1=96.65JPYJapan-2.4-10.33.6
AUD1=0.562EUREuropean Union-0.21.6-9.8-16.3
AUD1=904.906KRWSouth Korea-1.7-3.02.0
AUD1=0.841SGDSingapore-0.31.2-7.6-11.9
AUD1=1.097NZDNew Zealand0.31.3-1.2-0.7
AUD1=0.487GBPUnited Kingdom0.41.9-7.1-14.4
AUD1=5.15HKDHong Kong-0.30.8-2.6-3.7
AUD1=0.523CHFSwitzerland-0.31.1-13.8-21.6
AUD1=0.899CADCanada-0.31.2-2.61.6
AUD1=6.293SEKSweden0.51.1-11.8-12.6
AUD1=6.664NOKNorway0.31.4-8.2-3.7
AUD1=12.26MXNMexico-0.11.01.9-12.4

1 Financials as Reported H1/2024, FY 2024

Financials as Reported H1/2024, FY 2024
Financials as reported (Half Year)

RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In $A , except shares outstanding)

INCOME STATEMENT AS REPORTED

Description$A $A
Dec 3120242023Change %
Continuing operations
Revenue261,269313,897Down 16.8
Lease and field operating expense-211,738-175,447Deterioration 20.7
Depreciation depletion and amortisation-199,198-87,933Deterioration 126.5
Other expenses-777,784-696,513Deterioration 11.7
Finance costs-45,289-44,859Deterioration 1.0
Change in estimate of asset retirement obligation174,574
Other gains12,9212,154Up 499.9
Loss before income tax-785,245-688,701Deterioration 14.0
Income tax expense-350
Loss for the period from continuing operations-785,245-689,051Deterioration 14.0
Discontinued operations
Loss from discontinued operations-167,751-1,488,781Improved 88.7
Loss for the period-952,996-2,177,832Reduced 56.2
Other comprehensive income
Items that may be reclassified subsequently to profit or loss:
Exchange rate differences on translation of foreign operations-4,075-9,556Improved 57.4
Other comprehensive loss for the period net of tax-4,075-9,556Improved 57.4
Total comprehensive loss for the period-957,071-2,187,388Improved 56.2
Loss for the period attributable to the owners of AXP Energy Limited-952,996-2,177,832Improved 56.2
-952,996-2,177,832Improved 56.2
Total comprehensive loss attributed to the owners of AXP Energy Limited-957,071-2,187,388Improved 56.2
-957,071-2,187,388Improved 56.2
Earnings per share from continuing operations:
Basic and diluted loss per share (in cents)-0.01c-0.01cSteady
Earnings per share from discontinued operations:
Basic and diluted loss per share (in cents)-0.01c-0.03cImproved 66.7
Earnings per share attributable to the equity holders of AXP
Energy Limited: Basic and diluted loss per share (in cents)-0.02c-0.04cImproved 50.0

BALANCE SHEET AS REPORTED

Description$A $A
Dec 31, 2024Jun 30, 2024Change %
Current assets
Cash and cash equivalents177,7041,464,487Down 87.9
Trade and other receivables409,351446,502Down 8.3
Oil in tank inventory14,3309,001Up 59.2
Other current assets904,4461,289,163Down 29.8
Non-current assets classified as held-
for-sale210,329210,329Steady
Total current assets1,716,1603,419,482Down 49.8
Non-current assets
Property plant and equipment68,91448,296Up 42.7
Development and producing assets309,0851,213,595Down 74.5
Exploration and evaluation assets4,213,5393,889,701Up 8.3
Right of use assets298,163
Total non-current assets4,889,7015,151,592Down 5.1
Total assets6,605,8618,571,074Down 22.9
Current liabilities
Trade and other payables802,402882,454Down 9.1
Lease liability210,405
Asset retirement obligation138,565
Financial liabilities329,662
Liabilities associated with non-current
assets classified as held-for-sale159,117181,456Down 12.3
Total current liabilities1,310,4891,393,572Down 6.0
Non-current liabilities
Lease liability109,085
Asset retirement obligation92,1401,126,284Down 91.8
Total non-current liabilities201,2251,126,284Down 82.1
Total liabilities1,511,7142,519,856Down 40.0
Net assets5,094,1476,051,218Down 15.8
Equity
Issued capital90,431,63890,431,638Steady
Reserves181,569185,644Down 2.2
Accumulated losses-85,519,060-84,566,064Deterioration 1.1
Total equity5,094,1476,051,218Down 15.8

CASH FLOW AS REPORTED

Description$A $A
Dec 3120242023Change %
Cash flow from operating activities
Receipts from customers280,9276,243,706Down 95.5
Payments to suppliers and employees-1,312,922-6,639,443Improved 80.2
Interest received2,7682,154Up 28.5
Interest paid-13,653-51,576Improved 73.5
Income tax refunds16,000
Net cash used in operating activities-1,026,880-445,159Deterioration 130.7
Cash flow from investing activities
Payments for exploration and evaluation activities-159,065-33,009Deterioration 381.9
Payments for development and producing activities-5,762-6,201Improved 7.1
Payments for property plant and equipment-50,000
Proceeds received in advance from disposal of other2,000,000
non-current assets
Payments for security deposits and bonds-63,631
Proceeds from refunds of security deposits and bonds215,458
Net cash (used in) / from investing activities-63,0001,960,790Deterioration
Cash flow from financing activities
Repayment of borrowings-352,597-74,200Deterioration 375.2
Principal payment for lease liabilities-101,446-220,885Improved 54.1
Post closing net receipts from Mountain V267,514
Net cash used in financing activities-186,529-295,085Improved 36.8
Net (decrease) / increase in cash held-1,276,4091,220,546Deterioration
Cash at the beginning of the period1,464,487521,788Up 180.7
Effects of exchange rate changes on cash & cash equivalents-10,374-5,445Deterioration 90.5
Cash at the end of the period177,7041,736,889Down 89.8

Financials as reported (FY 2024 [year-ended 30 June 2024 ])

RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In $A , except shares outstanding)

INCOME STATEMENT AS REPORTED (FY 2024 [year-ended 30 June 2024 ])

Description$A $A
Jun 3020242023Change %
Continuing operations
Revenue643,222477,737Up 34.6
Lease and field operating expenses-347,526-339,572Deterioration 2.3
Depreciation depletion and amortisation-222,333-187,962Deterioration 18.3
Other expenses-1,509,223-1,828,470Improved 17.5
Impairments-3,675,034
Finance costs-162,770-118,376Deterioration 37.5
Other gains569,21329,716Up 1,815.5
Loss before income tax-1,029,417-5,641,961Reduced 81.8
Income tax benefit-350
Loss for the year from continued operations-1,029,767-5,641,961Improved 81.7
Discontinued operations
Loss from discontinued operations-3,429,150-484,253Deterioration 608.1
Loss for the year-4,458,917-6,126,214Improved 27.2
Other comprehensive income
Items that may be reclassified subsequently to profit or loss:
Exchange rate differences on translation
of foreign operations-10,555-30,531Improved 65.4
Other comprehensive loss for the year net of tax-10,555-30,531Improved 65.4
Total comprehensive loss for the year-4,469,472-6,156,745Reduced 27.4
Loss for the year attributable to:
Members of the parent entity-4,458,917-6,126,214Improved 27.2
-4,458,917-6,126,214Improved 27.2
Total comprehensive loss attributed to:
Members of the parent entity-4,469,472-6,156,745Improved 27.4
-4,469,472-6,156,745Improved 27.4
Earnings per share from continuing operations: Basic and diliuted loss per share (in cents)-0.02c-0.10cImproved 80.0
Earnings per share from discontinued operations:
Basic and diliuted loss per share (in cents)-0.06c-0.01cDeterioration 500.0
Earnings per share attributable to the equity holders of AXP Energy Limited:
Basic and diliuted loss per share (in cents)-0.08c-0.11cReduced 27.3
NO OF SHARES5,824,680,6735,820,913,550Up 0.1

BALANCE SHEET AS REPORTED (FY 2024 [year-ended 30 June 2024 ])

Description$A $A
Jun 3020242023Change %
Current assets
Cash and cash equivalents1,464,487521,788Up 180.7
Trade and other receivables446,5022,312,853Down 80.7
Oil in tank inventory9,001344,961Down 97.4
Other current assets1,289,163743,875Up 73.3
Non-current assets classified as held-for-210,329
sale
Total current assets3,419,4823,923,477Down 12.8
Non-current assets
Property plant and equipment48,296888,651Down 94.6
Development and producing assets1,213,5959,155,067Down 86.7
Exploration and evaluation assets3,889,7013,889,701Steady
Right of use assets1,022,867
Deferred tax assets670,355
Other assets561,060
Total non-current assets5,151,59216,187,701Down 68.2
Total assets8,571,07420,111,178Down 57.4
Current liabilities
Trade and other payables882,4544,280,580Down 79.4
Lease liability411,201
Asset retirement obligation274,875
Financial liabilities329,662191,831Up 71.9
Liabilities associated with non-current181,456
assets classified as held-for-sale
Total current liabilities1,393,5725,158,487Down 73.0
Non-current liabilities
Other long-term liabilities4,454
Financial liabilities670,536
Lease Liability647,410
Asset retirement obligation1,126,2843,109,601Down 63.8
Total non-current liabilities1,126,2844,432,001Down 74.6
Total liabilities2,519,8569,590,488Down 73.7
Net assets6,051,21810,520,690Down 42.5
Equity
Issued capital90,431,63890,431,638Steady
Reserves185,644196,199Down 5.4
Accumulated losses-84,566,064-80,107,147Deterioration 5.6
Total equity6,051,21810,520,690Down 42.5

CASH FLOW AS REPORTED (FY 2024 [year-ended 30 June 2024 ])

Description$A $A
Jun 3020242023Change %
Cash flow from operating activities
Receipts from customers6,993,55016,331,417Down 57.2
Payments to suppliers and employees-9,478,863-17,450,598Improved 45.7
Interest received3,6606,998Down 47.7
Interest paid-68,770-140,264Improved 51.0
Net cash used in operating activities-2,550,423-1,252,447Deterioration 103.6
Cash flow from investing activities
Payments for exploration and evaluation activities-159,009-328,187Improved 51.5
Payments for development and producing activities-638,834
Payments for property plant and equipment-45,676
Proceeds from disposal of property plant and595,273
equipment23,000
Proceeds from disposal of oil and gas assets3,643,642
Proceeds from security deposits and bonds-1,700
Net cash provided by/(used in) investing activities4,249,906-991,397Recovery
Cash flow from financing activities
Repayment of borrowings-188,848-164,466Deterioration 14.8
Principal payment for lease liabilities-269,729-407,415Improved 33.8
Net payments made on behalf of Mountain V Oil & Gas Inc-297,952
Share issue costs-860
Net cash used in financing activities-756,529-572,741Deterioration 32.1
Net increase/(decrease) in cash held942,954-2,816,585Recovery
Cash at the beginning of the year521,7883,386,466Down 84.6
Effects of exchange rate changes on cash & cash equivalents-255-48,093Improved 99.5
Cash at the end of the year1,464,487521,788Up 180.7