Companies / GAS

STATE GAS LIMITED

ASX:GASEnergy
509.3M shares on issueASX (delayed) · as of 28 July 2026$0.014price · delayed$7.1Mmarket cap · indicative
D
Dilution grade

Share count grew 53% in 24 months; runway 2–4 quarters; 2 cash raises in 24 months

Cash runway2.5 quarters of funding
Share-count growth (24m)52.7%
Raise cadence (24m)2 cash raises
Options & rights overhang17.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

STATE GAS LIMITED's ordinary share count grew 52.7% between August 2024 and July 2026, to 509M shares. The company raised capital twice in that 24-month window for total disclosed proceeds of A$6.4M, most recently raising A$3.2M in December 2025. Options and rights on issue could convert into 88M new shares, equal to 17.3% of the current share count; none of those options are in the money at the current share price and the nearest expiry is August 2028. At the March 2026 quarter STATE GAS reported A$923K in available cash, covering about 2.5 quarters at its recent spending rate. 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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17.3%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
2.5 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 509.3M per ASX (delayed) (28 July 2026).
417.1M450.9M484.8MDec 24Sept 25July 26Cash raise · 3 Dec 2025Cash raise · 1 Dec 2025

Cash runway

2.5 qtrs
Two to four quarters of funding at the recent spend rate.
$923k 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
19 July 20262A · quoted issueGAS : ORDINARY FULLY PAID509.3MAppendix 2A
16 July 20262A · quoted issueGAS : ORDINARY FULLY PAID507.2MAppendix 2A
13 July 20262A · quoted issueGAS : ORDINARY FULLY PAID488.9MAppendix 2A
30 June 20262A · quoted issueGAS : ORDINARY FULLY PAID453.4MAppendix 2A
29 June 20262A · quoted issueGAS : ORDINARY FULLY PAID443.9MAppendix 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

2 cash raises in the last 24 months · 2 in the last 12 months

$3.2M
Capital raise
3 Dec 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

17.3%
Total overhang · of current shares
0.0%
In the money · at current price
88.3M
Potential new shares
Aug 2028
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
13 July 2026GREGORY BAYNTONOther5.9M——3Y notice
30 June 2026ANTHONY BELLASOther3.8M833k—3Y notice
30 June 2026JON STRETCHOther3.8M833k—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

19 July 2026Application for quotation of securities - GAS
16 July 2026Application for quotation of securities - GAS
14 July 2026Change of Director's Interest Notice
14 July 2026Change of Director's Interest Notice
13 July 2026Becoming a substantial holder
13 July 2026Application for quotation of securities - GAS
12 July 2026$PR & D Grant Review Complete
30 June 2026Application for quotation of securities - GAS
30 June 2026Change of Director's Interest Notice
30 June 2026Change of Director's Interest Notice
29 June 2026Application for quotation of securities - GAS
24 June 2026Application for quotation of securities - GAS
23 June 2026Application for quotation of securities - GAS
22 June 2026Application for quotation of securities - GAS
22 June 2026Application for quotation of securities - GAS
21 May 2026Application for quotation of securities - GAS
7 May 2026Application for quotation of securities - GAS
6 May 2026Application for quotation of securities - GAS
5 May 2026Application for quotation of securities - GAS
4 May 2026Application for quotation of securities - GAS

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