Key Highlights

  • Energy Action Ltd (ASX:EAX) shares were priced at $0.40 during the 20 October 2026 session, a gain of 26.98%.
  • Revenue for the year ended 30 June 2026 was $12,204,884, up 0.31%, while EBITDA fell 27% to $2,220,576.
  • Statutory profit after tax was $451,181 compared with $2,026,338 a year earlier, and no Dividend was declared.

During the Trading session on 20 October 2026, Energy Action Ltd (ASX:EAX) shares were priced at $0.40, a gain of 26.98%. Separately, the company's most recent results document is its Appendix 4E preliminary final report for the year ended 30 June 2026, dated 31 August 2026. The report sets out Revenue of $12,204,884, EBITDA of $2,220,576 and a statutory profit after tax of $451,181, along with Balance Sheet movements and borrowings.

Company Background

Energy Action Limited is a Sydney-based Business with its registered office at Level 3, 120 Sussex Street. According to the segment note in its report, the consolidated entity operates in a single reportable segment that provides electricity and gas procurement services, energy management and retail billing services in Australia. Its revenue is reported across three lines: energy procurement, energy management, and solar and battery.

The company develops and continues to invest in a proprietary software platform called Utilibox, with software development costs capitalised from salaries and contractor costs. Caroline Wykamp is Non-Executive Chair and Derek Myers is Executive Director and CEO.

Headline Results for FY26

Revenue from ordinary activities for the year ended 30 June 2026 was $12,204,884, up from $12,167,165 in the prior year, an increase of $37,719 or 0.31%. EBITDA, which the company reconciles in an unaudited table, was $2,220,576 compared with $3,041,359, a decrease of $820,783 or 27%.

Income tax expense was $339,643 (2025: $8,963), which the company describes as substantially non-cash, arising mainly from the deferred tax movement on contract Assets and the use of prior-year tax losses. Statutory profit after tax attributable to owners was $451,181, down $1,575,157 or 78% from $2,026,338. Basic and Diluted Earnings per Share were both 1.1 cents, compared with 5.2 cents and 5.0 cents respectively. Net tangible assets per ordinary security were 10.85 cents (previous period: 8.78 cents). No dividends were paid, recommended or declared, and the report states that the audit of the consolidated financial statements is in progress.

Revenue Lines and Expenses

Energy procurement revenue rose 2.31% to $6,271,247, which the company attributed to contract renewals and new customer contracts. Energy management revenue fell 5.16% to $5,629,148; the prior year included $703,688 recognised on a variable consideration judgement, against $183,523 this year. Solar and battery revenue increased 196.60% to $304,489 from $102,660.

Other income decreased 64% to $224,808, mainly because the Research and Development tax offset was $224,808 compared with $615,753. Total expenses rose 8.2% to $11,638,868. Depreciation and Amortisation increased 81.9% to $1,138,850, which the company linked to the changed useful life of Utilibox. Employee benefits expense was $535,744 higher.

Cash, Assets and Borrowings

Cash and cash equivalents were $532,222, up $190,526. Contract assets across current and non-current categories totalled $8,047,607, an increase of $560,901 or 7.5%.

Total borrowings reduced to $2,616,666, down $233,334, reflecting scheduled instalments on the CBA fixed-term Loan net of drawdowns on the revolving facility. In December 2025 CBA agreed to defer two repayments totalling $483,334 to 11 December 2026. The company reports it has complied with all financial covenants since they commenced in September 2025.

Sector Backdrop

Energy Action's services sit within the Australian retail electricity market. On 26 May 2026 the Australian Energy Regulator released its final 2026-27 Default Market Offer determination, effective from 1 July 2026 in New South Wales, South East Queensland and South Australia. Reported changes for small businesses ranged from decreases of 9.0% to 20.9% in New South Wales, 10.4% to 14.0% in South East Queensland and 6.8% to 12.1% in South Australia. The regulator's chair attributed the reductions mainly to lower electricity contract prices, reduced Spot Price Volatility and greater wind and battery output during evening peaks.

Risks Shareholders Should Weigh

The company's report notes that the audit of the financial statements is still in progress, so the figures are preliminary. Profit declined year on year, and the company states that amortisation, employee costs and the lower research and development offset all contributed to higher costs or lower income. Procurement revenue is recognised upfront as contract assets, with cash received over the life of each contract.

Borrowings of $2,616,666 are secured by a first-ranking charge over the group's assets and carry financial covenants measured quarterly by CBA, with a final fixed-term loan repayment date of 11 December 2026. More broadly, businesses in this sector are exposed to changes in energy market pricing, regulation and customer contract renewals, although the company reports no single customer accounted for 10% or more of revenue.

What's Next

The corporate directory lists the Annual General Meeting for 26 November 2026, with director nominations having closed on 16 October 2026. The audit of the consolidated financial statements is described as currently in progress. The company states that the CBA fixed-term loan has a final repayment date of 11 December 2026. Utilibox's written-down value at 31 December 2025 is to be amortised through to 31 December 2026. The report states no events after the reporting period.