Breakeven Date Change • May 21
Forecast to breakeven in 2027 The 2 analysts covering Provaris Energy expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$2.40m in 2027. Average annual earnings growth of 107% is required to achieve expected profit on schedule. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Greg Martin was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Dec 18
Provaris Energy Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.5 million. Provaris Energy Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,461,538
Price\Range: AUD 0.013
Discount Per Security: AUD 0.00078
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Sep 22
Provaris Energy Ltd, Annual General Meeting, Nov 27, 2025 Provaris Energy Ltd, Annual General Meeting, Nov 27, 2025. Location: physical meeting, Australia Annuncio • Sep 01
Provaris Energy Ltd has completed a Follow-on Equity Offering in the amount of AUD 1 million. Provaris Energy Ltd has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 52,631,582
Price\Range: AUD 0.019
Discount Per Security: AUD 0.00114
Transaction Features: Subsequent Direct Listing Annuncio • Aug 27
Provaris Energy Ltd has filed a Follow-on Equity Offering in the amount of AUD 1 million. Provaris Energy Ltd has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 52,631,582
Price\Range: AUD 0.019
Discount Per Security: AUD 0.00114
Transaction Features: Subsequent Direct Listing Annuncio • Jul 04
Provaris Energy Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.079 million. Provaris Energy Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.079 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 79,000,000
Price\Range: AUD 0.013
Discount Per Security: AUD 0.00078
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,000,000
Price\Range: AUD 0.013
Discount Per Security: AUD 0.00078
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Apr 17
Provaris Energy Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.102038 million. Provaris Energy Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.102038 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,276,138
Price\Range: AUD 0.011
Transaction Features: Subsequent Direct Listing Annuncio • Nov 06
Provaris Energy Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. Provaris Energy Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 75,000,000
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Transaction Features: Subsequent Direct Listing Annuncio • Sep 17
Provaris Energy Ltd, Annual General Meeting, Nov 28, 2024 Provaris Energy Ltd, Annual General Meeting, Nov 28, 2024. Location: australian eastern daylight (aedt), Australia New Risk • Aug 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$6.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.3m free cash flow). Share price has been highly volatile over the past 3 months (76% average weekly change). Earnings are forecast to decline by an average of 29% per year for the foreseeable future. Revenue is less than US$1m. Market cap is less than US$10m (€8.49m market cap, or US$9.41m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$14m net loss in 3 years). Shareholders have been diluted in the past year (14% increase in shares outstanding). New Risk • Jul 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.14m (US$9.91m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Revenue is less than US$1m. Market cap is less than US$10m (€9.14m market cap, or US$9.91m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$15m net loss in 3 years). Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Annuncio • Mar 01
Provaris Energy Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.9 million. Provaris Energy Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 41,750,000
Price\Range: AUD 0.04
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,750,000
Price\Range: AUD 0.04
Transaction Features: Subsequent Direct Listing Annuncio • Jan 19
Provaris Energy Ltd Announces Executive Changes Provaris Energy Ltd. advised that effective as of19 January 2024 the Company's Executive Director, Garry Triglavcanin, has retired from the Board as a Director and been appointed to a new executive leadership role as the Company's Product Development Director. Garry is a founding shareholder, executive and director of the Company and has served as the Chief Development Officer in recent years. Garry has been integral to the development of the Company's integrated compressed hydrogen supply chain and the associated commercial modelling, selection of technologies and project development work in Australia and more recently in Norway. Garry authored the Company's 2023 Hydrogen Transport Comparison Report which has been a major contributor to the increasing focus in Europe on the technical, operational, and economic benefits of Provaris' H2Neo carriers and compressed hydrogen supply chain. This is evidenced by the recent MOUs entered with major German utilities who are systematically evaluating compression as a portfolio alternative for the supply and import of hydrogen. New Risk • Dec 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.6m free cash flow). Earnings are forecast to decline by an average of 8.1% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$19m net loss in 3 years). Share price has been volatile over the past 3 months (9.3% average weekly change). Shareholders have been diluted in the past year (7.9% increase in shares outstanding). Market cap is less than US$100m (€14.6m market cap, or US$16.0m). Annuncio • Sep 11
Provaris Energy Ltd, Annual General Meeting, Nov 10, 2023 Provaris Energy Ltd, Annual General Meeting, Nov 10, 2023, at 09:00 E. Australia Standard Time. Agenda: To consider re-election of directors. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 15% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.6m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (AU$13m net loss in 3 years). Market cap is less than US$100m (€21.3m market cap, or US$23.1m). New Risk • Aug 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.6m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€20.3m market cap, or US$22.0m). Board Change • May 31
High number of new directors Independent Non-Executive Chairman Greg Martin was the last director to join the board, commencing their role in 2022. Board Change • Apr 27
High number of new directors Independent Non-Executive Chairman Greg Martin was the last director to join the board, commencing their role in 2022. Board Change • Apr 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Chief Development Officer & Executive Director Garry John Triglavcanin is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. Chief Development Officer & Executive Director Garry John Triglavcanin is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Dec 01
Non-Executive Chairman Fletcher Brand has left the company On the 25th of November, Fletcher Brand was replaced as CEO by Martin Randell Carolan. Fletcher still personally held 21.05m shares (€968k worth) as of September 2021. This is 3.9% of the company. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions • Sep 14
Non-Executive Chairman recently sold €53k worth of stock On the 9th of September, Fletcher Brand sold around 1m shares on-market at roughly €0.053 per share. This was the largest sale by an insider in the last 3 months. Fletcher has been a seller over the last 12 months, reducing personal holdings by €56k. Recent Insider Transactions • Mar 10
Key Executive recently bought €35k worth of stock On the 1st of March, Martin Randell Carolan bought around 500k shares on-market at roughly €0.069 per share. This was the largest purchase by an insider in the last 3 months. Martin Randell has been a buyer over the last 12 months, purchasing a net total of €70k worth in shares. Recent Insider Transactions • Mar 07
Key Executive recently bought €35k worth of stock On the 1st of March, Martin Randell Carolan bought around 500k shares on-market at roughly €0.069 per share. This was the largest purchase by an insider in the last 3 months. Martin Randell has been a buyer over the last 12 months, purchasing a net total of €70k worth in shares. Executive Departure • Feb 01
Head of Shipping & Non-Executive Director has left the company On the 31st of January, Thomas Soderberg's tenure as Head of Shipping & Non-Executive Director ended after 1.2 years in the role. As of September 2020, Thomas personally held 2.00m shares (€70k worth at the time). A total of 2 executives have left over the last 12 months. 
