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Comet Ridge’s multi-year results show very limited revenue alongside recurring operating losses and negative operating cash flow. Development and exploration spending is not yet supported by gas-sale receipts, so the company has relied on external funding to advance its projects.
FY2026 continued the established pre-production pattern: limited revenue, operating and net losses, and negative free cash flow. Capital spending and operating cash outflow eased from FY2025, but free cash flow remained negative, indicating a smaller cash deficit rather than a change in the underlying economics.
Whether Mahalo reaches production and begins generating gas-sale receipts while project spending and funding needs continue.
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| 25k | 176k | 339k | 93k | 17k | 6k | 153k | 196k | 184k | ||
| — | — | — | — | (932k) | (1.2m) | (1.3m) | (1.5m) | (1.1m) | (971k) | |
| — | — | — | — | (915k) | (1.2m) | (1.2m) | (1.3m) | (939k) | (914k) | |
| (1.5m) | (2.7m) | (3.5m) | (3m) | (2m) | (2.5m) | (2m) | (2.5m) | (2m) | (1.5m) | |
| (1.4m) | (2.4m) | (2.9m) | (2.2m) | (1.3m) | (1.8m) | (1.5m) | (2.1m) | (1.4m) | (1.1m) | |
| (17k) | (73k) | — | (149k) | (145k) | (147k) | 0 | (9k) | 0 | (13k) | |
| (15k) | (15k) | (50k) | (67k) | (65k) | (71k) | (124k) | (128k) | (136k) | (146k) | |
| — | (227k) | (528k) | (569k) | (398k) | (422k) | (430k) | (300k) | (447k) | (237k) | |
| (1.4m) | (2.6m) | (3.2m) | (2.9m) | (2.9m) | (3.6m) | (3.2m) | (3.9m) | (2.9m) | ||
| (2m) | 476k | (675k) | (2m) | (3.5m) | (4.8m) | (3.2m) | (3m) | (618k) | (1.8m) | |
| — | — | — | — | — | — | 2.8m | 2.6m | 3.2m | 2.5m | |
| (205k) | (132k) | (155k) | (5.5m) | (620k) | (237k) | — | — | — | — | |
| — | — | — | — | 3k | 0 | — | — | — | — | |
| — | — | — | — | — | — | (104k) | (66k) | (111k) | (134k) | |
| (3.6m) | (2.2m) | (4m) | (10.4m) | (7m) | (8.6m) | (6.6m) | (6.9m) | (3.6m) | (4.4m) | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| (3.6m) | (2.2m) | (4m) | (10.4m) | (7m) | (8.6m) | (6.6m) | (6.9m) | (3.6m) | (4.4m) | |
| 0 | — | — | — | — | — | — | — | — | — | |
| (3.6m) | (2.2m) | (4m) | (10.4m) | (7m) | (8.6m) | (6.6m) | (7.2m) | (2.5m) | ||
| (0.01) | 0.00 | (0.01) | (0.01) | (0.01) | (0.01) | (0.01) | (0.01) | 0.00 |
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Stock intrinsic value is the real worth of a company's stock, based on its financial health and performance.
Instead of looking at the stock's current market price, which can change due to people's opinions and emotions, intrinsic value helps us understand if a stock is truly a good deal or not.
By focusing on the company's actual financial strength, like its earnings and debts, we can make better decisions about which stocks to buy and when.
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