Quantum Helium Limited
Quantum Helium Limited (AIM: QHE), formerly Mosman Oil & Gas Limited (renamed November 2025), is an AIM-listed oil, gas and helium exploration, development and production company. Its principal focus is the Sagebrush (90% working interest) and Coyote Wash (100%) helium and oil projects in Colorado, USA, operated through wholly owned US subsidiaries, with existing oil production and a growing helium resource base. The Group also holds Australian exploration permits (Amadeus Basin, Northern Territory) and royalty interests in other US and Australian acreage.
FY2026 in sixty seconds
year to 30 Jun 2026 · approved 10 Sept 2026 · 70 pages · Company website
Quantum Helium Limited, formerly Mosman Oil & Gas, explores for and produces helium and oil, mainly in Colorado, USA. In the year to 30 June 2026 its revenue rose 44.0% to AUD 725k, from AUD 504k. Its loss shrank to AUD 3.4m, from AUD 10.3m the year before.
Sales grew because of oil production at its Sagebrush project and stronger oil prices. But the cost of running a production test at Sagebrush, and of taking over as the project's operator, meant the company lost money even before overheads. The loss narrowed mainly because the previous year included large one-off write-downs in the value of older oil and gas assets. There were none this year.
The company has no borrowings. It raised AUD 13.6m from shareholders, leaving cash of AUD 10.5m at the year end, up from AUD 3.9m. There is no dividend. Management says the company enters the new year in a stronger position and plans a larger test programme at Sagebrush. The auditor gave a clean opinion. However, the report says the company depends on raising more money from shareholders to pay for spending beyond the next twelve months.
Oil production at Sagebrush, Colorado
Revenue from continuing operations increased during the year, reflecting oil production at Sagebrush and the positive pricing environment
page 5Cost of sales increased sharply (to $1,783,916 from $222,089) due to Sagebrush-1 EPT and operatorship assumption, driving a negative gross profit
Cost of sales $2 note: cost of sales $1,238,290 (2025: $4,863) plus lease operating expenses $545,626 (2025: $217,226); gross loss $(1,058,708) vs gross profit $281,484 in 2025
page 54Quantum enters FY27 from a materially stronger position than twelve months earlier, with 1.104 Bcf of independently assessed 2U gross helium resources, a proven helium discovery at Sagebrush, existing oil production, a newly identified commercial Leadville oil opportunity, and a substantially expanded inventory of future drilling opportunities.
page 8No amounts were paid by way of dividends since the end of the previous financial period, and the Directors do not recommend a payment of a dividend
page 1210 years on one page · FY2017–FY2026
| Line | FY2017locked | FY2018locked | FY2019locked | FY2020locked | FY2021locked | FY2022locked | FY2023locked | FY202406/24 | FY202506/25 | FY202606/26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Operating profit | ||||||||||
| Profit for the year | ||||||||||
| Basic EPS | ||||||||||
| Free cash flow | ||||||||||
| Net debt (negative = net cash) | ||||||||||
| Shares in issue | ||||||||||
| Operating margin | ||||||||||
| Return on capital employed |
AUD millions, negatives in brackets. Per-share lines in cents. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
10 figures restated in a later report
Every figure is read again from the following year’s report: 236 confirmed, 11 differ, 10 restated.
| Line | Year | As first filed | In the later report |
|---|---|---|---|
| FY2024 | A$153kFY2024 report | A$229kFY2025 report | |
| FY2024 | A$0FY2024 report | A$786kFY2025 report | |
| FY2024 | A$873kFY2024 report | A$874kFY2025 report | |
| FY2024 | −A$1.5mFY2024 report | −A$2.1mFY2025 report | |
| FY2024 | A$9.5mFY2024 report | A$9.5mFY2025 report |
5 more figures were restated in FY2017 to FY2023, which a free account opens.