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COI

Comet Ridge

Energy

Comet Ridge Limited is an Australian energy company focused on oil and gas exploration. Their flagship gas project is the Mahalo Gas Hub assets in central Queensland, comprising the Mahalo JV Gas Project and Northern Mahalo Projects. The company aims to add new gas reserves either as stand-alone gas projects or to complement the Mahalo JV Gas Project development.

Short position

short percentage0.14%
reported shorts2.3M
shares on issue1.679B

Comet Ridge (ASX:COI) has 0.14% of its shares on issue reported as short positions as of 5 Oct 2026, or about 2,299,687 shares. Over the past 30 days that figure has been broadly flat, and over 90 days it has risen 0.09 percentage points. Its highest recorded short interest was 0.67% in September 2022. COI is classified in the Energy industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.

Price & short interest

Toggle series, zoom, and compare · ASIC daily, T+4

Comet Ridge (COI) financials

Results, ratios and statements

Latest result

Year to 30 Jun 2026 (FY26) vs FY25, figures in AUD, the reporting currency · Company filing, 24 Sep 2026

Revenue
n/avs $184.0K (source: ASX (Markit)) (FY25)
NPAT
−$4.4M (source: Company filing (extracted))vs −$2.5M (FY25)
Company filing (extracted), as at 5 Oct 2026
EPS (basic)
n/avs −$0.002 (FY25)
Rev YoY
−6.1%FY
EPS YoY
n/aTTM
  • ASX (Markit)
  • Company filing (extracted)

Summary of Annual Report to shareholders, 24 Sep 2026

Comet Ridge reported a FY2026 statutory net loss of $4.37 million, widening from a $2.47 million loss in FY2025, including $0.92 million in non-cash items. No dividend was declared for the year. The company ended the period with $27.7 million cash and is reviewing the Mahalo Gas Project FEED, integrating its 100%-owned Mahalo North and Mahalo East assets toward a final investment decision, with total gross 2P and 2C resources of 676 PJ in the Mahalo Gas Hub.

Automated summary of the filing; the filing itself is the record.

Key ratios

Year to 30 Jun 2025 (FY); balance sheet at 30 Jun 2025; prices to 9 Oct 2026

Gross margin
n/a
Operating margin
−1,671.2%
Net margin
−1,342.4%
FCF margin
−11,101.1%
ROE
−3.2%
ROA
−2.0%
FCF conversion
n/a
Net cash (excl. leases)
$6.6M
Net debt / EBITDA
n/a
Current ratio
0.4×
Interest cover
−0.9×
Cash dividends paid / net profit
n/a
Market cap
n/a (no share count we can vouch for)
P/E
n/a
P/B
n/a (no share count we can vouch for)

Ratios use the reporting currency (AUD); market cap is in AUD. Sources: Yahoo Finance and ASX (Markit), as at 29 Sep 2026.

Financial statements

Figures in AUD, the reporting currency; Yahoo Finance unless marked

COI income, newest period first, figures in AUD
Line itemFY26FY25FY24FY23
Revenuen/a$184.0K (source: ASX (Markit))$196.0K (source: ASX (Markit))$153.0K (source: ASX (Markit))
Operating incomen/a−$3.1M−$4.3M−$3.4M
EBITDAn/a−$163.0K−$4.4M−$3.5M
EBITn/a−$299.0K−$4.5M−$3.6M
Interest expensen/a$3.3M$2.6M$2.9M
Pretax incomen/a−$3.6M−$7.2M−$6.6M
Taxn/a$0$0$0
NPAT−$4.4M (source: Company filing (extracted))−$2.5M−$7.2M−$6.6M
Net interest incomen/a−$3.1M−$2.5M−$2.8M
EPS basicn/a−$0.002−$0.007−$0.007
EPS dilutedn/a−$0.002−$0.007−$0.007
Sharesn/a1.20B1.11B1.01B
  • ASX (Markit)
  • Company filing (extracted)