olivLaw · European equity research
Georgina Energy PLC GEX.L
United Kingdom · London Stock Exchange · Vertical: Listed companies from United Kingdom
Georgina Energy PLC is a London-listed explorer seeking to redevelop the Hussar and Mt Winter wells in Australia in pursuit of helium and hydrogen. For the fiscal year ended 31 January 2025, the company reported cash reserves of only £0.43 million, and a lapse in financing could seriously affect the projects.
At the close of 06 Nov 2026, Georgina Energy PLC (GEX.L) stock was 0.07 GBP (+20.37% on the day), with beta 0.13, 52-week range 0.02–0.16 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 38.3
- weak (30–45)
- Bollinger (20, 2)
- 0.04 – 0.14
- in the lower half of the band · %B 0.28 · band width 119.0%
- SMA 50 / 200
- 0.10 / 0.07
- mixed trend
- MACD (12, 26, 9)
- -0.01 / -0.01
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −42.7% | −0.2% | −42.6 pp | — |
| 3 months | −55.2% | −5.4% | −49.8 pp | — |
| 6 months | +101.6% | +4.4% | +97.2 pp | — |
| Year to date | +160.0% | +6.5% | +153.5 pp | — |
| 1 year | +30.0% | +10.0% | +20.0 pp | +4.0% |
| 3 years | unavailable | +48.6% | unavailable | +24.3% |
| 5 years | unavailable | +41.4% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2024 |
|---|---|
| Revenue | unavailable |
| Revenue YoY | unavailable |
| Net income | -1.1 m |
| Net income YoY | unavailable |
| Diluted EPS | -0.01 |
| Diluted EPS YoY | unavailable |
| net % | unavailable |
| Free cash flow | unavailable |
Balance sheet & financial health
Fiscal year 2024 · 30 Apr 2024
- Cash
- 2.8 k GBP
- Financial debt
- 3.0 m GBP
- Net debt
- 2.9 m GBP
- Equity
- -4.7 m GBP
- Total assets
- 60.4 k GBP
- Debt / equity
- unavailable
- Current ratio
- 0.01x
- ROE
- unavailable
- ROA
- -1,773.4%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (GBP)
Income statement · GBP
Balance sheet · GBP
| Line | 2024 | Source (latest year) |
|---|---|---|
| Cash | 2.8 k | esef· 15 Jul 2025verified |
| Receivables | 18.3 k | esef· 15 Jul 2025verified |
| Current assets | 21.1 k | esef· 15 Jul 2025verified |
| Total assets | 60.4 k | esef· 15 Jul 2025verified |
| Accounts payable | 1.8 m | esef· 15 Jul 2025verified |
| Short-term debt | 2.2 m | esef· 15 Jul 2025verified |
| Long-term debt | 785.4 k | esef· 15 Jul 2025verified |
| Current liabilities | 4.0 m | esef· 15 Jul 2025verified |
| Total liabilities | 4.7 m | esef· 15 Jul 2025verified |
| Equity | -4.7 m | esef· 15 Jul 2025verified |
Cash flow · GBP
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 2 of at least 6
- score weight coverage: 10.4% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
10% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -0.4x | 0 (on a fixed band) | 60% |
| Current ratio · Balance sheet | 0.7x | 0 (on a fixed band) | 40% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
GEORGINA ENERGY PLC (GEX.L). Latest full fiscal year: 2024; data up to 2025-01-31.
Financial indicators are unavailable.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Interest coverage: -0.4x
- Current ratio: 0.7x
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 40 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 101.0 bn | 13.1 | 16.5% | 30.3% | −1.0% | +3% / +82% |
| ABF.LAssociated British Foods PLC | 14.4 bn | 14.1 | 9.2% | 5.3% | −3.1% | −7% / −16% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.0 bn | 24.4 | 34.7% | 4.1% | +7.2% | −11% / +155% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.3 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.3 bn | 16.4 | 23.2% | 2.8% | +15.2% | +21% / +162% |
| ABDN.LAberdeen Group PLC | 4.0 bn | 10.6 | 8.0% | 28.9% | −2.1% | +8% / +37% |
| BKG.LThe Berkeley Group Holdings PLC | 3.5 bn | 11.1 | 8.8% | 13.4% | −4.2% | −2% / −24% |
| BME.LB&M European Value Retail PLC | 2.8 bn | 17.2 | 21.2% | 2.8% | +3.7% | +66% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.6 | 49.9% | 33.1% | +18.0% | +7% / +126% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.7 | 13.1% | 71.6% | −0.1% | +27% / +16% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 757.3 m | 35.9 | 41.2% | 19.7% | +24.2% | +70% / unavailable |
| BAG.LA.G. Barr P.L.C. | 660.8 m | 14.2 | 14.4% | 10.8% | +4.0% | −9% / +24% |
| ASC.LAsos PLC | 496.9 m | — | -81.3% | -12.0% | −14.7% | +72% / +9% |
| ALFA.LAlfa Financial Software Holdings PLC | 480.3 m | 16.0 | 61.5% | 23.8% | +15.3% | −29% / +8% |
| AML.LAston Martin Lagonda Global Holdings PLC | 341.3 m | — | -93.4% | -39.2% | −20.6% | −46% / −85% |
| APTD.LAptitude Software Group PLC | 112.5 m | 28.7 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| BMS.LBraemar PLC | 77.7 m | 38.8 | 2.7% | 1.7% | −4.4% | +12% / −12% |
| AMGO.LAmigo Holdings PLC | 10.3 m | — | — | — | −81.9% | +340% / +878% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −11% / +154% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +61% / +64% |
1- and 3-year price returns: for GEX.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Georgina Energy PLC is a London-listed explorer seeking to redevelop the Hussar and Mt Winter wells in Australia in pursuit of helium and hydrogen. For the fiscal year ended 31 January 2025, the company reported cash reserves of only £0.43 million, and a lapse in financing could seriously affect the projects 1.
SWOT
Strengths
- The company holds licences and projects in Australia, and its executive team has experience in exploration and acquisitions. Seismic reprocessing has enlarged the structures identified 1.
- The streamlined operating structure means limited fixed costs, and the development plan is divided into clear stages with near-term objectives.
- The company has documented its risks and internal control procedures, which gives the board a framework for monitoring.
Weaknesses
- The company has no sales revenue and depends on external finance to continue operating, which creates a significant uncertainty 1.
- Headcount is limited to board members, and the ability to expand the team depends on project progress and financing.
- The board has no women directors, and the company acknowledges that gender balance is not practicable at this time 1.
Opportunities
- Obtaining drilling approval for Hussar and testing commercial flow rates could open the way to production, if the results are favourable.
- Completing the EP155 acquisition could strengthen the position in the Northern Territory and widen the project portfolio.
- Industrial demand for helium and hydrogen could support interest in new projects, if prices remain attractive.
Threats
- The price of helium is influenced by external factors, and a prolonged decline could seriously affect revenues and funding capacity.
- Delays in obtaining licences, permits or drilling approvals could postpone investment and project development.
- Seasonal weather conditions can limit site access and delay exploration activities 1.
Risks
- Going concernhigh
The board has identified a material uncertainty that may cast significant doubt on the company's ability to continue operating, if additional funding is not obtained 1.
- Helium pricehigh
The price of helium depends on external factors, and a prolonged decline could affect future revenues and access to finance 1.
- Licences and approvalsmedium
Obtaining or renewing the necessary licences, permits and approvals may be delayed, which could postpone project development 1.
- Shortage of skilled personnelmedium
The company depends on a few key individuals, and its ability to attract and retain qualified staff may become limited after the projects are completed 1.
- Weather and environmental factorslow
Extreme conditions, such as heavy rain or bushfires, can limit access to sites and delay exploration activities 1.
Investment thesis
What would need to be true (bull case)
- If tests at Hussar confirm commercial flow rates and high helium concentrations, the company could move to a more advanced stage with revenue prospects.
- Completing the Mt Winter acquisition could add a second project to the portfolio and could reduce dependence on a single prospect.
- If additional funding is secured, the company's streamlined structure could allow efficient development of its projects.
What would break the thesis
- With no current revenue and limited cash reserves, the company depends on external finance, and the terms of that finance could be unfavourable.
- The projects are still at the exploration stage and test results are uncertain, which could lead to delays or to abandoning some targets.
- Helium price volatility and dependence on administrative approvals could reduce the predictability of the timetable and of revenues.
What to watch
- Final drilling approval for Hussar and the re-entry programme2025
- Completion of the EP155 acquisition and grant of the Mt Winter licence2025
- Securing the additional funding needed for planned expenditure through 31 October 20262026
- Flow test results and helium and hydrogen concentration analyses at Hussarnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Georgina Energy PLC, formerly known as Mining, Minerals and Metals Plc, is a UK company that operates in Australia through wholly owned subsidiaries. Its main objective is to complete the redevelopment of the Hussar and Mt Winter wells, projects at an early stage with no current physical operations 1. The company has no current sales revenue and no employees beyond its board, and its strategy depends on drilling approvals and additional funding.
The company was readmitted to the London Stock Exchange on 30 July 2024, when a financial position and prospects procedures document was adopted. Its operating structure is streamlined, with one sub-leased office, and management relies on the experience of the executive team and the skills of the non-executive directors. Near-term goals include final drilling approval for Hussar and completion of the acquisition of EP155, which hosts the Mt Winter prospect 1.
On funding, the annual report states that the financial statements are prepared on a going concern basis. The directors concluded that the group can continue to operate, but identified a material uncertainty that may cast significant doubt on its ability to continue as a going concern, as additional funding is needed for planned expenditure 1.
Segments
Hussar project
Hussar is the company's main project, located in permit EP513 in Western Australia. The plan includes re-entering the well, obtaining final drilling approval from the authorities in Perth, and testing commercial flow rates, helium and hydrogen concentrations, and the potential of fractured basement rock 1.
Mt Winter project
Mt Winter, in the Northern Territory, is the second project, being acquired from Adagio Resources Pty Ltd. Completion of the final payment and grant of licence EP155 depend on an agreement with the Central Land Council, and drilling approval may take several months after grant 1.
Market context
The helium market depends on industrial demand, production levels, and global or regional political and economic events. The sources show that the price of helium is affected by factors beyond the company's control, and a prolonged decline in that price could affect the group's ability to attract finance and generate profits 1.
Hydrogen and hydrocarbons are treated in the documents as components of the target gases, but future revenues depend on test results and on the possibility of commercialisation. The company notes that the projects are still at the exploration stage with no production, which makes the market more of an assumption than a current reality 1.
Trends
- Industrial demand for heliumtailwind
Steady industrial demand could support interest in new helium discoveries, if prices remain high enough to justify investment.
- Volatility of helium pricesheadwind
Rapid shifts in supply and demand, including speculative activity, could reduce the predictability of future revenues.
- Seismic reprocessingmixed
Results of seismic reprocessing enlarged the closure area at Hussar, which could attract interest in larger volumes if testing confirms the potential.
- Funding and going concernheadwind
The need for additional capital is a central uncertainty, and the course of this funding will largely determine the pace of the projects.
Competitive position
The sources do not explicitly identify direct competitors, but exploration for helium and natural hydrogen involves other actors in the gas and mineral extraction industries. The company bases its position on its licences and on the advanced stage of well preparation, though these elements are still being completed 1.
Competition depends in particular on the ability to obtain approvals, finance drilling, and demonstrate commercial flow rates. The documents offer no comparison with other companies, so the competitive position is difficult to measure from the sources.
- Other helium explorers in Australia
The sources do not name specific competitors, but helium exploration activity in the region involves other operators holding their own licences.
- Industrial gas producers
Companies in this segment may represent an alternative supply of helium, although the sources do not detail this relationship.
- Natural hydrogen exploration companies
Interest in natural hydrogen creates a category of competitors with similar technologies and projects, though the sources give no details.
- Drilling and oilfield service providers
Availability of equipment and drilling crews is a shared factor, and competition for these resources can influence the project timetable.
News & filings
In the press
- Faron Pharmaceuticals, Central Asia Metals, Gelion, S&U, Mila Resources, Georgina EnergyYahoo Finance — News · 26 Aug 2026 · EN
Annual reports (ESEF)
- Annual report 202515 Jul 2025
Sources
- [1] Annual report, fiscal year ended 2025-01-31 (ESEF) · SEC / Georgina Energy PLC · 31 Jan 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.