New Risk • Jun 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% 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 Share price has been highly volatile over the past 3 months (38% average weekly change). Revenue is less than US$1m (AU$6.0k revenue, or US$4.1k). Market cap is less than US$10m (AU$7.77m market cap, or US$5.36m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Announcement • Jun 04
Helios Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1.506902 million. Helios Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1.506902 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 502,300,680
Price\Range: AUD 0.003
Transaction Features: Subsequent Direct Listing Board Change • May 20
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Mark Lochtenberg is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 20
Helios Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1.506902 million. Helios Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1.506902 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 502,300,680
Price\Range: AUD 0.003
Transaction Features: Subsequent Direct Listing New Risk • May 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.4m (US$9.67m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.8m free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Revenue is less than US$1m (AU$6.0k revenue, or US$4.3k). Market cap is less than US$10m (AU$13.4m market cap, or US$9.67m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Board Change • May 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Mark Lochtenberg is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Mark Lochtenberg is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 24
Helios Energy Limited, Annual General Meeting, Nov 21, 2025 Helios Energy Limited, Annual General Meeting, Nov 21, 2025. Location: at nexia perth, level 4, 88 william street, perth wa 6000 Australia Board Change • Aug 18
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Mark Lochtenberg is the most experienced director on the board, commencing their role in 2023. Independent Non-Executive Director & Company Secretary Henko Vos was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Mar 25
Helios Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Helios Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 142,857,142
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00042
Transaction Features: Subsequent Direct Listing Announcement • Mar 15
Helios Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 2.604049 million. Helios Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 2.604049 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 372,007,063
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00042
Transaction Features: Rights Offering Announcement • Mar 13
Helios Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Helios Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 142,857,142
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00042
Transaction Features: Subsequent Direct Listing Announcement • Feb 19
Helios Energy Limited Appoints Edward J May as Chief Financial Officer Helios Energy Limited announced the appointment of Mr. Edward J May as the company's chief financial officer effective immediately. Mr. May has over 20 years' accounting and financial experience in the oil and gas industry and is currently the owner of ETB Oil and Gas Accounting Services; an accounting services firm based in Texas, USA. As the Chief Financial Offer, Mr. May will be responsible for the accounting and financial services at Helios' USA office, including banking, tax management, revenue management and other ongoing general financial matters. Mr. May will report to the Managing Director of the Board. Announcement • Feb 06
Helios Energy Limited Announces the Appointment of John Cathcart to the Board as a Non-Executive Director Helios Energy Limited announced the appointment of Mr. John Cathcart to the Board as a Non-Executive Director of the Company effective 5 February 2025. Mr. Cathcart has 30 years' experience in energy and mining investment analysis including extensive experience in these sectors at a technical, corporate and financial level, working in oil, gas, gold, copper and nickel at several major operations. He made the successful transition to the financial sector and broking in 1994 where he established a very strong reputation with several brokers including Baillieu's, BT, HSBC and CommSec before running the Resources portfolio at Thorney Investments. Mr. Cathcart has invested in oil and gas stocks in Australia and the USA for many years and has travelled extensively reviewing these investments. Previously, Mr. Cathcart was an investment manager at Thorney Investments for a significant period of time and was recently a director of stockbroking firm Rawson Lewis. He is currently an advisor to Cygnet Capital. Board Change • Dec 24
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. No experienced directors. No highly experienced directors. Independent Non-Executive Director Mark Lochtenberg is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 30
Helios Energy Limited, Annual General Meeting, Nov 28, 2024 Helios Energy Limited, Annual General Meeting, Nov 28, 2024. Location: at nexia perth, level 4, 88 william street, perth wa 6000 Australia New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (AU$168k revenue, or US$117k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (AU$41.7m market cap, or US$28.9m). New Risk • Aug 15
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 Australian stocks, typically moving 17% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$9.5m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (AU$168k revenue, or US$112k). Minor Risk Market cap is less than US$100m (AU$28.6m market cap, or US$19.0m). Announcement • Aug 10
Helios Energy Ltd Has Appoints Henko Vos to Its Board of Directors as A Non-Executive Director Helios Energy Ltd. has appointed Mr. Henko Vos to its Board of Directors as a Non-Executive Director. Mr. Vos is the Company Secretary for Helios and is a member of the
Australian Institute of Company Directors, the Governnance Institute of Australia and Chartered Accountants Australia and New Zealand. Date of appointment is 8 August 2024. New Risk • May 28
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 Australian stocks, typically moving 13% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$9.5m free cash flow). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (AU$168k revenue, or US$112k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$101.6m market cap, or US$67.7m). Board Change • Jan 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Robert Bearden was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Robert Bearden was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 30
Full year 2023 earnings released: AU$0.003 loss per share (vs AU$0.002 loss in FY 2022) Full year 2023 results: AU$0.003 loss per share (further deteriorated from AU$0.002 loss in FY 2022). Net loss: AU$8.61m (loss widened 89% from FY 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 07
Director recently bought AU$67k worth of stock On the 4th of September, Mark Lochtenberg bought around 1m shares on-market at roughly AU$0.057 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Aug 31
Helios Energy Limited Announces Board Changes Helios Energy Ltd. announced the appointment of Mr. Mark Lochtenberg to the Board of Directors. Mr. Lochtenberg graduated with a Bachelor of Law (Hons) degree from Liverpool University, U.K. and has been actively involved in the coal industry for more than 30 years. Mark Lochtenberg is the former Executive Chairman and founding Managing Director of ASX listed Baralaba Coal Company Limited (formerly Cockatoo Coal Limited). He was a principal architect of Cockatoo's inception and growth from an early stage grassroots explorer through to an emerging mainstream coal producer. Mr. Lochtenberg was also formerly the co-head of Glencore International AG's worldwide coal division, where he spent 13 years overseeing a range of trading activities including the identification, due diligence, negotiation, acquisition and aggregation of the coal project portfolio that would become Xstrata Coal. Prior to this Mr. Lochtenberg established a coal "swaps" market for Bain Refco, (Deutsche bank) after having served as a senior coal trader for Hansen Neuerburg AG and as coal marketing manager for Peko Wallsend Limited. Mr. Lochtenberg has previously been a Director of ASX listed Pacific American Coal Limited and Cumnock Coal Limited and of privately held United Collieries Pty Limited. Mr. Lochtenberg is currently appointed as Non-Executive Chairman of Evolve Limited, ASX listed Terracom Limited (TER) and Equus Mining Limited (EQE) and is also Non-Executive Director for ASX listed Nickel Industries Limited (NIC). The Company also advise of the resignation of Director Nicholas Ong, whoretires from the Board effective today. The Board would like to acknowledge and thank Mr. Ong for his valuable contributions to the Company and wishes him all the best for his future endeavours. Announcement • Jun 14
Helios Energy Limited Announces Change of Company Secretary Helios Energy Limited announced the appointment of Mr. Henko Vos as Company Secretary. Mr. Vos is a member of the Australian Institute of Company Directors, the Governance Institute of Australia and Chartered Accountants Australia & New Zealand. He holds similar secretarial roles in various other listed public companies in both industrial and resource sectors. For the purpose of ASX Listing Rule 12.6, the Company confirms that Mr. Vos will be responsible for communication between the Company and the ASX. Mr. John Palermo will be stepping down from his role as Company Secretary. The Board wishes to thank Mr. Palermo for his service and contribution to the company secretarial role over the past 5.5 years and his continued support of the Company. The above changes will be effective from, 14 June 2023. Reported Earnings • Mar 17
First half 2023 earnings released: AU$0.003 loss per share (vs AU$0.001 loss in 1H 2022) First half 2023 results: AU$0.003 loss per share (further deteriorated from AU$0.001 loss in 1H 2022). Net loss: AU$4.91m (loss widened 96% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 06
Helios Energy Ltd Provides Update on the Status of the Upcoming Completion of Presidio Well 52 #1 Helios Energy Ltd. provide an update on the status of the upcoming completion of Presidio Well 52 #1. The Frack Job for Presidio Well 52#1 is expected to commence on 10 January 2023, subject to the contracted frack crew completing the progress frack job on schedule. To date, three water storage facilities have been completed and filled with water. Frack tanks along with six sand silos are on site and have also been functionally tested. The sand silos are currently being filled with frack sand proppant. Helios will execute a four-stage vertical frack across the 1,623 feet interval between the lower bench of the Ojinaga Formation and the bottom of the casing including Eagle Ford and Boquillas. The frack job has been designed to reflect the highly naturally fractured intervals existing within this vertical interval. A total of 120,000 barrels of frack water will be utilised along with 3,000,000 pounds of frack sand. The four-stage frack intervals will be co-mingled as a vertical completion for production purposes. Board Change • Nov 16
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 Director Robert Bearden was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
Full year 2022 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in FY 2021) Full year 2022 results: AU$0.002 loss per share (in line with FY 2021). Net loss: AU$4.55m (loss widened 22% from FY 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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 Director Robert Bearden was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2021). Net loss: AU$2.51m (loss widened 16% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0.006 loss in FY 2020) Full year 2021 results: Net loss: AU$3.74m (loss narrowed 57% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Mar 18
First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020) First half 2021 results: Net loss: AU$2.16m (loss widened 146% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Reported Earnings • Oct 02
Full year earnings released - AU$0.0058 loss per share Over the last 12 months the company has reported total losses of AU$8.82m, with losses widening by 212% from the prior year. 
