ENERGY WORLD CORPORATION LTD
ASX:EWCUtilitiesToday’s holders own 99.6% of what they think they own, once every option and right converts.
No major dilution pressure signals in current disclosures
ENERGY WORLD CORPORATION LTD's ordinary share count stood at 3.85B shares as of May 2026, unchanged since November 2025. The company has not raised capital through any cash placement, rights issue or share purchase plan in the past 24 months, and no proposed securities issues are pending. Options and rights on issue could convert into 14M new shares, equal to 0.4% of the current share count, of which none are in the money at the current share price; the nearest expiry falls in July 2030. The company has more than 4 quarters of funding at the recent spend rate.
Quick answers · 4
How much placement capacity does EWC have left?
About 92% of the 15% placement capacity left, about 8% 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 EWC have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Energy World Corporation reported $18.9M of cash and estimated 4.4 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do EWC's options expire?
Unexercised options and rights equal 0.4% of Energy World Corporation's shares on issue; the nearest expiry is July 2030.
How much has EWC's share count grown?
Energy World Corporation has 3.85B shares on issue as at 28 Oct 2026, up 0.0% 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 |
|---|---|---|---|---|
| 20 July 2026 | 3G · unquoted | EWC : ORDINARY FULLY PAID | 3.85B | Appendix 3G |
| 7 May 2026 | 2A · quoted issue | EWC : ORDINARY FULLY PAID | 3.85B | Appendix 2A |
| 7 May 2026 | 3G · unquoted | EWC : ORDINARY FULLY PAID | 3.85B | Appendix 3G |
| 25 Nov 2025 | 2A · quoted issue | EWC : ORDINARY FULLY PAID | 3.85B | Appendix 2A |
| 24 Nov 2025 | 2A · quoted issue | EWC : ORDINARY FULLY PAID | 3.85B | Appendix 2A |
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
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 $0.070 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 10.0M (0.3% 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 |
|---|---|---|---|---|---|---|
| EWCAF | Options | Price-triggered | $0.16 | 1 July 2030 | 10.0M | Filing |
| — | Options | Price-triggered | $0.30 | 1 July 2030 | 4.0M | 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 |
|---|---|---|---|---|---|---|---|
| 25 June 2026 | John Gordon Phipps | Buy on-market | 1.9M | — | — | $102k | 3Y notice |
| 3 June 2026 | John Gordon Phipps | Buy on-market | 1.0M | — | — | $56k | 3Y notice |
| 25 Nov 2025 | John Gordon Phipps | Buy on-market | 1.0M | — | — | $58k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.