Reported Earnings • Dec 23
First half 2026 earnings released: EPS: US$0.006 (vs US$0.003 in 1H 2025) First half 2026 results: EPS: US$0.006 (up from US$0.003 in 1H 2025). Revenue: US$3.99m (up 71% from 1H 2025). Net income: US$1.14m (up 79% from 1H 2025). Profit margin: 29% (up from 27% in 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. New Risk • Dec 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£6.94m (US$9.34m) 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 Debt is not well covered by operating cash flow (4.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 73% per year over the past 5 years. Market cap is less than US$10m (UK£6.94m market cap, or US$9.34m). 공시 • Oct 09
Indus Gas Limited, Annual General Meeting, Oct 31, 2025 Indus Gas Limited, Annual General Meeting, Oct 31, 2025. Location: po box 112, st martins house, le bordage, st peter port, gy1 4ea, Guernsey Board Change • Oct 03
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. 4 experienced directors. No highly experienced directors. Executive Chairman Jonathan Keeling is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 30
Full year 2025 earnings released: US$1.95 loss per share (vs US$0.11 profit in FY 2024) Full year 2025 results: US$1.95 loss per share (down from US$0.11 profit in FY 2024). Revenue: US$29.7m (down 31% from FY 2024). Net loss: US$357.6m (down US$377.8m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. New Risk • Jul 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. 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 Debt is not well covered by operating cash flow (2.6% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (46% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (UK£28.8m market cap, or US$38.7m). New Risk • Jun 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.6% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£14.4m market cap, or US$19.4m). Reported Earnings • Dec 25
First half 2025 earnings released: EPS: US$0.003 (vs US$0.07 in 1H 2024) First half 2025 results: EPS: US$0.003 (down from US$0.07 in 1H 2024). Revenue: US$2.34m (down 91% from 1H 2024). Net income: US$639.0k (down 95% from 1H 2024). Profit margin: 27% (down from 49% in 1H 2024). The decrease in margin was driven by lower revenue. 공시 • Oct 01
Indus Gas Limited, Annual General Meeting, Oct 29, 2024 Indus Gas Limited, Annual General Meeting, Oct 29, 2024. Location: po box 112, st martins house, le bordage, st peter port, gy1 4ea, Guernsey Reported Earnings • Sep 25
Full year 2024 earnings released: EPS: US$0.11 (vs US$0.17 in FY 2023) Full year 2024 results: EPS: US$0.11 (down from US$0.17 in FY 2023). Revenue: US$42.9m (down 32% from FY 2023). Net income: US$20.2m (down 35% from FY 2023). Profit margin: 47% (down from 49% in FY 2023). The decrease in margin was driven by lower revenue. New Risk • Jul 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 Debt is not well covered by operating cash flow (7.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 7.5% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (UK£13.2m market cap, or US$16.7m). Buy Or Sell Opportunity • Mar 27
Now 31% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to UK£0.47. The fair value is estimated to be UK£0.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 4.6%. Reported Earnings • Dec 18
First half 2024 earnings released: EPS: US$0.07 (vs US$0.07 in 1H 2023) First half 2024 results: EPS: US$0.07 (in line with 1H 2023). Revenue: US$26.2m (down 4.5% from 1H 2023). Net income: US$12.7m (flat on 1H 2023). Profit margin: 49% (up from 47% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. 공시 • Oct 06
Indus Gas Limited, Annual General Meeting, Oct 31, 2023 Indus Gas Limited, Annual General Meeting, Oct 31, 2023, at 10:00 Coordinated Universal Time. Location: at PO Box 112, St Martins House, Le Bordage St Peter Port Guernsey Reported Earnings • Oct 01
Full year 2023 earnings released: EPS: US$0.17 (vs US$0.19 in FY 2022) Full year 2023 results: EPS: US$0.17 (down from US$0.19 in FY 2022). Revenue: US$63.0m (up 17% from FY 2022). Net income: US$30.9m (down 12% from FY 2022). Profit margin: 49% (down from 66% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year and the company’s share price has also fallen by 14% per year. 공시 • Oct 01
Indus Gas Limited Announces Board Changes Indus Gas Limited announced that Clive Gibbons steps down from his role as a Non-Executive Director, effective Sep 29, 2023. Mr. Clive Gibbons joined the board of directors with effect from 17 September 2020, Clive is an experienced Operations Director, specialising in the corporate and fiduciary services sector and currently works at the Newhaven Group, based in Guernsey. Clive is a qualified Independent Investment Financial Advisor Level 3, compliance manager, accredited director, approved by the Guernsey GFSC (Guernsey regulator), BVI FSC (BVI regulator), with over 18 years in the sector. He was previously a Managing Director in the Cayman Islands for Vistra and previously worked at Close Brothers (Close Finance), Kleinwort Benson and Royal Bank of Scotland International. New Risk • Jul 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (9.1% average weekly change). Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorates as stock falls 36% After last week's 36% share price decline to UK£1.25, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 4x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 37% over the past three years. New Risk • Jun 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). Earnings have declined by 2.0% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Board Change • Apr 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. 1 experienced director. No highly experienced directors. Executive Chairman Jonathan Keeling is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 26
First half 2023 earnings released: EPS: US$0.07 (vs US$0.092 in 1H 2022) First half 2023 results: EPS: US$0.07 (down from US$0.092 in 1H 2022). Revenue: US$27.4m (up 1.1% from 1H 2022). Net income: US$12.8m (down 24% from 1H 2022). Profit margin: 47% (down from 62% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 6.3% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Atiq Anjarwalla was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 30
Full year 2022 earnings released Full year 2022 results: Revenue: US$53.7m (up 11% from FY 2021). Net income: US$35.2m (up 26% from FY 2021). Profit margin: 66% (up from 58% in FY 2021). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment deteriorated over the past week After last week's 19% share price decline to UK£2.58, the stock trades at a trailing P/E ratio of 21.4x. Average forward P/E is 3x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 5.1% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 18% share price gain to UK£2.98, the stock trades at a trailing P/E ratio of 25.5x. Average forward P/E is 3x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 11% over the past three years. Reported Earnings • Jan 01
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: US$0.092 (down from US$0.11 in 1H 2021). Revenue: US$27.1m (up 17% from 1H 2021). Net income: US$16.9m (down 13% from 1H 2021). Profit margin: 62% (down from 84% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.4%, compared to a 15% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 01
Full year 2021 earnings released: EPS US$0.15 (vs US$0.27 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: US$48.5m (down 16% from FY 2020). Net income: US$27.9m (down 43% from FY 2020). Profit margin: 58% (down from 85% in FY 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 20% share price gain to US$2.35, the stock is trading at a trailing P/E ratio of 13.6x, up from the previous P/E ratio of 11.4x. This compares to an average P/E of 15x in the Oil and Gas industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 27%. Is New 90 Day High Low • Mar 01
New 90-day high: UK£2.04 The company is up 3.0% from its price of UK£1.99 on 01 December 2020. The British market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 04
New 90-day low: UK£1.94 The company is down 2.0% from its price of UK£1.99 on 06 October 2020. The British market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 15% over the same period. Reported Earnings • Dec 31
First half 2021 earnings released: EPS US$0.11 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: US$23.2m (down 16% from 1H 2020). Net income: US$19.4m (down 20% from 1H 2020). Profit margin: 84% (down from 88% in 1H 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 05
New 90-day low: UK£1.96 The company is down 1.0% from its price of UK£1.98 on 04 September 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 13% over the same period. Reported Earnings • Sep 29
Full year earnings released - EPS UK£0.27 Over the last 12 months the company has reported total profits of US$49.1m, up 31% from the prior year. Total revenue was US$58.0m over the last 12 months, down 4.3% from the prior year. Profit margins were 85%, which is higher than the 62% margin from last year. The increase in margin was driven by lower expenses.