Companies / QPM

QPM ENERGY LIMITED

ASX:QPMMaterials
3.96B shares on issueASX (delayed) · as of 28 July 2026$0.009price · delayed$35.6Mmarket cap · indicative
D
Dilution grade

Runway under 2 quarters; share count grew 57% in 24 months; 3 cash raises in 24 months

Cash runway-1.1 quarters of funding
Share-count growth (24m)57.0%
Raise cadence (24m)3 cash raises
Options & rights overhang6.4% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

QPM ENERGY LIMITED's ordinary share count grew 57.0% between July 2024 and February 2026, to 3.96B shares. The company raised capital three times in that 24-month window for total disclosed proceeds of A$49.3M, most recently raising A$30.3M in November 2025. Options and rights could convert into 252M new shares, equal to 6.4% of the current share count, with 0% in the money and the nearest expiry in October 2026. At the March 2026 quarter the company reported A$-113.1M in available cash, equal to -1.1 quarters of cover. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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6.4%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
-1.1 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 3.96B per ASX (delayed) (28 July 2026).
2.82B3.24B3.66BDec 24Sept 25July 26Cash raise · 28 Nov 2025Cash raise · 30 June 2025Cash raise · 25 June 2025

Cash runway

-1.1 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-113.1M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
12 Feb 20262A · quoted issueQPM : ORDINARY FULLY PAID3.96BAppendix 2A
21 Jan 20262A · quoted issueQPM : ORDINARY FULLY PAID3.94BAppendix 2A
15 Dec 20252A · quoted issueQPM : ORDINARY FULLY PAID3.84BAppendix 2A
10 Dec 20253H · cancellationQPM : ORDINARY FULLY PAID3.09BAppendix 3H
10 Dec 20252A · quoted issueQPM : ORDINARY FULLY PAID3.84BAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

3 cash raises in the last 24 months · 1 in the last 12 months

$30.3M
Capital raise
28 Nov 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

6.4%
Total overhang · of current shares
0.0%
In the money · at current price
251.6M
Potential new shares
Oct 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
21 Jan 2026Mr Eddie KingOther2.0M——3Y notice
24 July 2025John C DownieBuy806k——3Y notice
4 Oct 2024Mr John Arthur AbbottSell———3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

7 July 2026$PSuspension from Quotation
7 July 2026$PAppointment - Receivers/Managers and Voluntary Administrator
5 July 2026$PTrading Halt
25 May 2026ORDS Energy Day Conference
24 May 2026$PData Centre Strategy for IPS
17 May 2026IPS Turbines Arrive
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026Change in substantial holding
6 Apr 2026$PNAIF credit approval
1 Apr 2026$PTrading Halt
13 Mar 2026Half Yearly Report and Accounts
9 Mar 2026Reserve Upgrade Presentation
9 Mar 2026$PSubstantial Reserve Upgrade
8 Mar 2026$PDevelopment Approvals Received for IPS
12 Feb 2026Cleansing Notice
12 Feb 2026Application for quotation of securities - QPM
2 Feb 2026Becoming a substantial holder
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
26 Jan 2026$PPowerlink CPDA Executed
21 Jan 2026Change of Director's Interest Notice

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.