Africa Energy Corp

Energy CA AFE

0.2CAD
0.005(2.56%)

Last update at 2026-06-22T15:09:00Z

Day Range

0.200.20

LowHigh

52 Week Range

0.040.55

LowHigh

Fundamentals

Previous Close 0.20
Market Cap112.60M
Volume510
P/E Ratio-
Dividend Yield-%
EBITDA-2.05900M
Revenue TTM0.00000M
Revenue Per Share TTM-
Gross Profit TTM 0.00000M
Diluted EPS TTM-0.01

Overview
Financials
Peer Comparison
Reports
Stock Research & News
Profile

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Income before tax	-4.95700M	-100.61500M	-119.77600M	-20.77200M	21.56M
Minority interest	-	-	-	-	-
Net income	-4.95700M	-100.61500M	-119.77600M	-35.48100M	48.65M
Selling general administrative	2.03M	1.82M	4.33M	5.77M	5.17M
Selling and marketing expenses	-	-	-	-	-
Gross profit	0.00000M	-0.00100M	-0.00900M	-0.01400M	-0.03200M
Reconciled depreciation	0.00000M	0.00100M	0.00900M	0.01M	0.03M
Ebit	-	-	-	-6.05200M	-32.55400M
Ebitda	-	-	-	-6.03800M	-32.52200M
Depreciation and amortization	-	-	-	0.01M	0.03M
Non operating income net other	-	-	-	-	-
Operating income	-2.26900M	-2.02400M	-4.87000M	-6.05200M	-32.55400M
Other operating expenses	-	-	-	6.13M	5.50M
Interest expense	0.39M	1.23M	0.82M	0.01M	0.00000M
Tax provision	-	-	-	-	-
Interest income	0.14M	0.08M	0.10M	0.10M	0.03M
Net interest income	-0.25000M	-1.15200M	-0.72100M	0.09M	0.03M
Extraordinary items	-	-	-	-	-
Non recurring	-	-	-	-	-
Other items	-	-	-	-	-
Income tax expense	-	-	-	14.71M	-27.08600M
Total revenue	0.00000M	0.00000M	0.00000M	0.00000M	0.00000M
Total operating expenses	2.27M	2.02M	4.87M	6.12M	5.46M
Cost of revenue	0.00000M	0.00100M	0.00900M	0.01M	0.03M
Total other income expense net	-2.43800M	-97.43900M	-114.18500M	-14.72000M	54.12M
Discontinued operations	-	-	-	-	-
Net income from continuing ops	-4.95700M	-100.61500M	-119.77600M	-20.77200M	21.56M
Net income applicable to common shares	-	-	-	-20.77200M	21.56M
Preferred stock and other adjustments	-	-	-	-	-

Breakdown	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Total assets	41.13M	42.58M	138.83M	257.42M	267.24M
Intangible assets	-	-	-	-	6.53M
Earning assets	-	-	-	-	-
Other current assets	-	-	-	-	-
Total liab	0.32M	10.65M	6.99M	8.39M	1.68M
Total stockholder equity	40.82M	31.92M	131.85M	249.03M	265.56M
Deferred long term liab	-	-	-	-	-
Other current liab	-	-	-	-	-
Common stock	-	-	360.61M	360.61M	358.44M
Capital stock	378.28M	360.61M	360.61M	360.61M	358.44M
Retained earnings	-347.04300M	-342.08600M	-241.47100M	-121.69500M	-100.92300M
Other liab	-	-	-	-	-
Good will	-	-	-	-	-
Other assets	-	-	-	-	247.93M
Cash	3.16M	2.31M	1.71M	6.79M	10.85M
Cash and equivalents	-	-	-	-	-
Total current liabilities	0.32M	10.65M	0.16M	3.39M	1.68M
Current deferred revenue	-	-	-	-	-
Net debt	-	8.05M	5.12M	-	-
Short term debt	-	-	-	-	-
Short long term debt	-	10.36M	-	-	-
Short long term debt total	-	-	6.83M	-	-
Other stockholder equity	-	-	12.70M	-	-
Property plant equipment	-	-	-	0.01000M	0.02M
Total current assets	3.27M	2.43M	1.83M	7.25M	11.15M
Long term investments	37.86M	40.15M	137.00M	250.16M	249.54M
Net tangible assets	-	-	-	249.03M	259.04M
Short term investments	-	-	-	-	-
Net receivables	0.07M	0.07M	0.06M	0.34M	0.19M
Long term debt	-	-	6.83M	5.00M	-
Inventory	-	-	-	-	-
Accounts payable	-	-	-	3.39M	1.68M
Total permanent equity	-	-	-	-	-
Noncontrolling interest in consolidated entity	-	-	-	-	-
Temporary equity redeemable noncontrolling interests	-	-	-	-	-
Accumulated other comprehensive income	-	-	-	-	-
Additional paid in capital	-	-	-	-	-
Common stock total equity	-	-	-	-	-
Preferred stock total equity	-	-	-	-	-
Retained earnings total equity	-	-	-	-	-
Treasury stock	-	-	-	-	-
Accumulated amortization	-	-	-	-	-
Non currrent assets other	-	-	-	-	-
Deferred long term asset charges	-	-	-	-	-
Non current assets total	37.86M	40.15M	137.00M	250.17M	256.09M
Capital lease obligations	-	-	-	0.00000M	0.00200M
Long term debt total	-	-	-	-	-

Breakdown	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Investments	-0.21600M	-0.58200M	-3.94600M	-0.46900M	-5.63500M
Change to liabilities	-	-	-	0.00000M	0.00000M
Total cashflows from investing activities	-	-	-	-7.21700M	-5.00100M
Net borrowings	-5.32100M	2.30M	-	-	-0.03300M
Total cash from financing activities	2.86M	2.30M	1.00M	6.22M	0.29M
Change to operating activities	-	-	-	-0.01600M	-0.04500M
Net income	-4.95700M	-100.61500M	-119.77600M	-20.77200M	21.56M
Change in cash	0.85M	0.60M	-5.08600M	-4.05800M	-8.79100M
Begin period cash flow	2.31M	1.71M	6.79M	10.85M	19.64M
End period cash flow	3.16M	2.31M	1.71M	6.79M	10.85M
Total cash from operating activities	-1.85000M	-1.11300M	-2.13300M	-3.02200M	-4.03800M
Issuance of capital stock	8.32M	-	0.00000M	1.22M	0.32M
Depreciation	0.00000M	0.00100M	0.00900M	0.01M	0.03M
Other cashflows from investing activities	-	-	-	1.41M	-0.00900M
Dividends paid	-	-	-	-	-
Change to inventory	-	-	-	-	-
Change to account receivables	-0.00300M	-0.01000M	-	-	-
Sale purchase of stock	-	-	-	-	-
Other cashflows from financing activities	-	-	-3.94600M	5.00M	-5.00100M
Change to netincome	-	-	-	3.08M	-25.58900M
Capital expenditures	0.00000M	0.00000M	0.00000M	8.24M	0.20M
Change receivables	-	-	-	-	-
Cash flows other operating	-	-	-	-	-
Exchange rate changes	-	-	-	-	-
Cash and cash equivalents changes	-	-	-	-	-
Change in working capital	0.03M	0.14M	0.04M	-0.01600M	-0.04500M
Stock based compensation	0.25M	0.69M	2.59M	3.03M	1.44M
Other non cash items	0.39M	1.23M	0.82M	14.72M	0.00200M
Free cash flow	-1.85000M	-1.11300M	-2.13300M	-11.26100M	-4.23800M

Peer Comparison

Sector: Energy Industry: Oil & Gas E&P

Company	Change (CAD)	Price (CAD)	Trailing PE (x)	Forward PE (x)	Price Sales TTM (x)	Price to Book Value (x)	Enterprise Value to EBITDA (x)
AFE Africa Energy Corp	0.005 2.56%	0.20	-	-	-	2.00	-31.8814
LGN Logan Energy Corp	0.01 1.20%	0.84	15.00	14.99	3.80	1.96	3.98	5.87
RECO Reconnaissance Energy Africa Ltd	0.02 1.80%	1.13	-	-	10.07	2.29	11.64	-7.5726
CEI Benchmark Metals Inc	-0.01 1.22%	0.81	-	27.03	23.27	2.66	20.42	1369.65
EOG Eco Atlantic Oil & Gas Ltd	-0.04 4.12%	0.93	-	1.05	145.60	16.68	158.20	-25.2305

Reports Covered

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Profile

Africa Energy Corp. operates as an oil and gas exploration company in South Africa. The company focuses on potential gas condensate development on Block 11B/12B in offshore South Africa. The company was formerly known as Horn Petroleum Corporation and changed its name to Africa Energy Corp. in March 2015. Africa Energy Corp. is based in Vancouver, Canada.

Africa Energy Corp

Park Place, Vancouver, BC, Canada, V6C 2X8

604-689-7842
https://africaenergycorp.com
Employees : 3

Key Executives

Name	Title	Year Born
Mr. Garrett Soden	Pres, CEO & Director	1974
Mr. Jeromie J. Kufflick C.A.	Chief Financial Officer	1976
Mr. Jan Maier	VP of Exploration	1954
Ms. Ronda L. Fullerton	Sec.	1969
Mr. James Robert Nicolella B.Sc., C.A.	President, CEO & Director	1969
Ms. Ronda L. Fullerton	Secretary	1969
Dr. Phindile C. Masangane	Head of Strategy and Business Development & Director	NA
Mr. James Robert Nicolella B.Sc., C.A.	President, CEO & Director	1970

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