Key highlights

  • Energy One Ltd (ASX:EOL) closed at $14.70 on 20 October 2026, up 0.41%.
  • The shares are down approximately 19.72% over the past year.
  • On 2 October 2026 Energy One said FIRB had approved Fluxys UK acquiring up to 18.26% of the company as part of the GMSL acquisition.

Shares in Energy One Ltd (ASX:EOL) closed at $14.70 on 20 October 2026, rose 0.41% on the day from a previous close of about $14.64.

Over the past 12 months the stock lost approximately 19.72%. Working back from the closing price, a 12-month change of approximately -19.72% implies a share price of about $18.31 a year earlier. The annual decline is much larger than the move in a single session, which is a reminder of how far a stock can travel over a year.

In dollar terms, the 12-month move amounts to about $3.61 per share, from roughly $18.31 to $14.70, while the move during the 20 October session was about 6.0 cents per share. The two figures measure different time frames and are reported here on their own terms.

About Energy One

Energy One Limited is a provider of wholesale energy trading software and services. It supports customers across the energy trading lifecycle through software, market operations, scheduling, settlements, compliance and advisory services.

Latest development

The share price figures above are reported separately from the company’s announcement. On 19 August 2026 Energy One announced that it had entered into a binding agreement with Fluxys UK Limited to acquire 100% of Gas Management Services Limited (GMSL), with Energy One to issue 7,089,780 Energy One shares to Fluxys as consideration.

On 2 October 2026 the company said that Fluxys had received written notice under the Foreign Acquisitions and Takeovers Act 1975 that the Commonwealth Government has no objection to Fluxys acquiring up to an 18.26% interest in Energy One. The Foreign Investment Review Board approval condition in the Acquisition agreement has therefore been satisfied.

Completion remains subject to Energy One Shareholder approval, which was being sought at an extraordinary general meeting scheduled for 15 October 2026. Energy One said shareholder approval is the final positive condition to completion of the acquisition agreement.

Sector context

Energy trading software providers serve generators, retailers and traders and are linked to the energy market’s complexity, including gas and power markets across regions. Acquisitions that add customers or products, particularly in gas markets, are a way to expand.

Foreign investment approval is required where a share issue gives an overseas party a significant holding in an ASX-listed company.

Risks

The announcement did not give the outcome of the 15 October meeting, so completion depended on shareholder approval at the time of the release. Issuing 7,089,780 shares dilutes existing holders and gives Fluxys UK an interest of up to 18.26%.

The announcement contained no financial information about GMSL, so its Earnings contribution is not quantified there. The share price has fallen approximately 19.72% over the year.

Share price movements add a separate layer of uncertainty. The stock’s one-day move of +0.41% on 20 October 2026 and its 12-month change of approximately -19.72% show how far the share price can move, and past movements do not indicate future direction.

Catalysts to watch

Items to watch include the result of the extraordinary general meeting and completion of the GMSL acquisition, integration of GMSL, the size of Fluxys UK’s resulting holding and Energy One’s next financial result.