EMPEROR ENERGY LIMITED
ASX:EMPEnergyToday’s holders own 93.8% of what they think they own, once every option and right converts.
Share count grew 123% in 24 months; 2 cash raises in 24 months; options/rights overhang 7% of shares
EMPEROR ENERGY LIMITED's ordinary share count grew 123.4% to 1.01B shares between September 2024 and July 2026, its latest share-count filing. The company raised capital twice in the 24-month window for total disclosed proceeds of A$21.2M, most recently a A$17.5M placement in March 2026. Options and rights on issue could convert into 66M new shares, equal to 6.6% of the current share count, of which 2% are in the money; the nearest expiry is November 2027. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 5
When did EMP last raise capital?
The last capital raise in Emperor Energy's filings is Placement of $17.5M announced 13 Mar 2026, one of 2 cash raises in 24 months.
How much placement capacity does EMP have left?
No 15% placement capacity left, all of it used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does EMP have?
In its quarterly cash report for the quarter ended 30 June 2026, Emperor Energy reported $15.6M of cash and estimated 10.5 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do EMP's options expire?
Unexercised options and rights equal 6.6% of Emperor Energy's shares on issue; the nearest expiry is Nov 2027.
How much has EMP's share count grown?
Emperor Energy has 1.01B shares on issue as at 28 Oct 2026, up 123.4% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 23 July 2026 | 2A · quoted issue | EMP : ORDINARY FULLY PAID | 1.01B | Appendix 2A |
| 23 July 2026 | 3G · unquoted | EMP : ORDINARY FULLY PAID | 976.3M | Appendix 3G |
| 20 Mar 2026 | 2A · quoted issue | EMP : ORDINARY FULLY PAID | 976.3M | Appendix 2A |
| 2 Dec 2025 | 3G · unquoted | EMP : ORDINARY FULLY PAID | 830.4M | Appendix 3G |
| 2 Dec 2025 | 3G · unquoted | EMP : ORDINARY FULLY PAID | 830.4M | Appendix 3G |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
2 cash raises in the last 24 months · 1 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.090 today, 15.0M securities are in the money (1.5% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 59.5M (5.9% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| EMPAB | Options | Price-triggered | $0.015 | 11 Nov 2027 | 15.0M | Filing |
| EMPAC | Options | Price-triggered | $0.11 | 1 Dec 2028 | 34.5M | Filing |
| EMPAL | Options | Price-triggered | $0.20 | 1 Dec 2028 | 7.0M | Filing |
| — | Options | Price-triggered | $0.11 | 21 July 2029 | 10.0M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 23 July 2026 | Timothy Handley | Other incentive | 35.0M | 10.0M | — | $2.7M | 3Y notice |
| 1 Dec 2025 | Carl Dumbrell | Other | — | 5.0M | — | $82k | 3Y notice |
| 1 Dec 2025 | Douglas Jendry | Other | — | 5.0M | — | $82k | 3Y notice |
| 1 Dec 2025 | Malcolm King | Other | — | 5.0M | — | $82k | 3Y notice |
| 1 Dec 2025 | Nigel Harvey | Other | — | 5.0M | — | $82k | 3Y notice |
| 1 Dec 2025 | Philip McNamara | Other | — | 5.0M | — | $82k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.