Provaris Energy (ASX: PV1)

Currency in -

Last close As at 07/06/2023

-0.05

0.00 (0.00%)

Market capitalisation

25m

Sector

Industrials

Balance Sheet

Forecast net cash (A$m)

7.7

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 2.3 (15.4) (58.1)
Relative (2.7) (14.8) (56.6)
52 week high/low A$0.1/A$0.0

Financials

Provaris Energy’s pace of progress towards its goals of producing and transporting green hydrogen appears to be accelerating. In its latest quarterly activities report, it highlighted the awarding of ‘Design Approval’ for its novel compressed hydrogen (H2) carrier, the signing of a memorandum of understanding (MOU) with Norwegian Hydrogen, and significant appointments and developments at its key Tiwi H2 project. In addition, it completed its HyEnergy feasibility report, all while operating within existing financial budgets.

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2021A 0.2 0.0 (3.1) (0.7) N/A N/A
2022A 0.4 0.0 (6.8) (1.3) N/A N/A
2023E 0.3 0.0 (9.7) (1.7) N/A N/A
2024E 0.3 0.0 (10.2) (1.57) N/A N/A

Curated by Edison

www.afr.com

Provaris Energy featured in the Australian Financial Review

Industrials

'There is also one other Australian company – one that rarely makes the news – plotting a different way to get green hydrogen exports happening. Provaris, known as Global Energy Ventures until last May, steers clear of the mainstream options of ammonia (NH3) and liquefaction (LH2), which often involves keeping the hydrogen at punishingly low temperatures, in favour of shipping it as a compressed gas (CH2).'

Read article

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