Companies / EWC

ENERGY WORLD CORPORATION LTD

ASX:EWCUtilities
3.85B shares on issueASX (delayed) · snapshot 11 Sept 20263.87B fully diluted+0.4% if every option and right converts$0.071price · delayed$273.6Mmarket cap · indicative

Today’s holders own 99.6% of what they think they own, once every option and right converts.

Low
Dilution risk

Runway under 2 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.6 quarters of funding
Share-count growth (24m)0.0%
Raise cadence (24m)0 cash raisesexcludes announced events with no matching share-issuance (Appendix 2A) filing
Options & rights overhang0.4% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ENERGY WORLD CORPORATION LTD had a share count of 3.85B as of May 2026, with no change from November 2025. The company has not raised capital in the past 24 months and has no pending proposed securities issues. Options and rights on issue could convert into 14M new shares, representing 0.4% of the current share count, with the nearest expiry in July 2030. At the June 2026 quarter end, the company held A$8.7M in cash, sufficient for approximately 0.6 quarters of operations based on recent spending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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0.4%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
0.6 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 3.85B per ASX (delayed) (snapshot 11 Sept 2026).
3.25B3.50B3.75BDec 24Oct 25Sept 263.85B

Cash runway

0.6 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Aug 2026 — that date has passed, and no later report is on record.
$8.5M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $9.7M cash at quarter end (item 4.6), 2.7 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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14 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
20 July 20263G · unquotedEWC : ORDINARY FULLY PAID3.85BAppendix 3G
6 May 20262A · quoted issueEWC : ORDINARY FULLY PAID3.85BAppendix 2A
6 May 20263G · unquotedEWC : ORDINARY FULLY PAID3.85BAppendix 3G
24 Nov 20252A · quoted issueEWC : ORDINARY FULLY PAID3.85BAppendix 2A
24 Nov 20252A · quoted issueEWC : ORDINARY FULLY PAID3.85BAppendix 2A
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6 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

No equity raises in the last 24 months.
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3 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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2 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

About 96% of the 15% placement capacity left — about 4% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

0.4%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
14.0M
Potential new shares
July 2030
Nearest expiry
What a price move would switch on
7.0M14.0M$0.071 now0.25× today ($0.018) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.035) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.053) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.071) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.089) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.106) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.142) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.213) — 10.0M of the priced supply in the money, 0.3% of shares on issue5× today ($0.355) — 14.0M of the priced supply in the money, 0.4% of shares on issue10× today ($0.710) — 14.0M of the priced supply in the money, 0.4% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.071 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
EWCAFOptionsPrice-triggered$0.161 July 203010.0MFiling
—OptionsPrice-triggered$0.301 July 20304.0MFiling

“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.

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2 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
25 June 2026John Gordon PhippsBuy on-market1.9M——$102k3Y notice
3 June 2026John Gordon PhippsBuy on-market1.0M——$56k3Y notice
25 Nov 2025John Gordon PhippsBuy on-market1.0M——$58k3Y notice
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3 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

31 Aug 2026$PFY26 Preliminary Results and Turbine Sale Update
31 Aug 2026$PPreliminary Final Report
19 Aug 2026Appointment of Joint Company Secretary
9 Aug 2026Turbine Sale Update Delivery Date Extended
22 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
20 July 2026Notification regarding unquoted securities - EWC
30 June 2026Change of Director's Interest Notice - J.Phipps
9 June 2026Change of Director's Interest Notice - J.Phipps
1 June 2026$PEWC to Sell its Siemens Gas and Steam Turbines for US$350m
31 May 2026$PTrading Halt
7 May 2026Notice under Section 708A(5)(e) of the Corporations Act
6 May 2026Notification regarding unquoted securities - EWC
6 May 2026Application for quotation of securities - EWC
20 Apr 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
9 Mar 2026$PAppt of Executive Chairman & update of the Strategic Review
25 Feb 2026$PFirst Half FY26 Financial Results
25 Feb 2026$PHalf Yearly Report and Accounts
30 Jan 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
28 Nov 2025Change of Director's Interest Notice - J.Phipps
26 Nov 2025Change in substantial holding

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.