Fund Manager Summary
The fund managers believe that QPM Energy Ltd presents a compelling investment opportunity due to its strategic initiatives and strong project fundamentals. In their opinion, the recent $10 million placement and $2 million share purchase plan are critical for accelerating the development of the 112MW Isaac Power Station (IPS). The feasibility study indicates attractive economics, with a capital cost of $196 million, projected average annual revenue of $71 million, and an operating margin of $49 million over a 30-year lifespan. Furthermore, the project’s risks have been mitigated by securing 2 x 55.8MW gas fired aeroderivative turbines from GE Vernova under a fixed price contract, enhancing confidence in the project's delivery and schedule.
Source: Trading View
Commentary From The Managers
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Sandon Capital
31 Oct 2025
$0.04
Summary
- QPM has secured a $114 million master lease agreement with Macquarie Bank to fund the acquisition of two gas turbines from GE Vernova.
- This agreement locks in the delivery of the 112MW Isaac Power Station (IPS).
- It underpins the mid-2027 commissioning target for the IPS.
- QPM is actively progressing the financing package for the remaining IPS development costs.
- Sandon Capital continues to hold because they expect a further update in the coming months.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Sandon Capital
31 Oct 2025
$0.04
- QPM has secured a $114 million master lease agreement with Macquarie Bank to fund the acquisition of two gas turbines from GE Vernova.
- This agreement locks in the delivery of the 112MW Isaac Power Station (IPS).
- It underpins the mid-2027 commissioning target for the IPS.
- QPM is actively progressing the financing package for the remaining IPS development costs.
- Sandon Capital continues to hold because they expect a further update in the coming months.
Summary
Sandon Capital
31 July 2025
$0.03
- QPM announced strong support for its Share Purchase Plan, increasing the target to $7 million from $2 million.
- The additional funds will accelerate workstreams related to the Isaac Power Station (IPS).
- The federal government’s Northern Australia Infrastructure Facility (NAIF) has received Board approval to move to the due diligence phase for financing the IPS construction.
- QPM’s management has successfully implemented a turnaround over the past 12-18 months, positioning the company as a key player in Queensland's energy transition.
Summary
Sandon Capital
30 June 2025
$0.03
- QPM is a recent addition to Sandon Capital's portfolio.
- The company announced a $10 million placement and a $2 million share purchase plan to accelerate the development of the 112MW Isaac Power Station (IPS).
- Sandon Capital participated in the placement.
- The feasibility study for the IPS indicates attractive economics with a capital cost (excluding contingency) of $196 million.
- Average annual revenue projected at $71 million and an operating margin of $49 million over a 30-year life.
- The project's delivery and schedule have been substantially de-risked through the procurement of 2 x 55.8MW gas fired aeroderivative turbines from GE Vernova under a fixed price contract.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"With a $10 million placement and a robust feasibility study, QPM Energy Ltd seems poised to capitalize on the lucrative potential of the Isaac Power Station, hinting at a future where operational margins could redefine industry standards."
Last Updated: 31 Oct 2025
Query The Data
Frequently Asked Questions
Who is investing in QPM Energy Ltd (ASX:QPM)?
Fund managers including Sandon Capital have invested in QPM Energy Ltd (ASX:QPM).
Why do fund managers invest in QPM Energy Ltd?
Fund managers are investing in QPM Energy Ltd due to its promising financial outlook and strategic developments. The company is advancing the 112MW Isaac Power Station with a $10 million placement and a $2 million share purchase plan, which enhances its growth potential. A feasibility study indicates strong economics, projecting a capital cost of $196 million, average annual revenues of $71 million, and an operating margin of $49 million over 30 years. Additionally, the project is de-risked through a fixed-price contract for critical turbine procurement.
What happened to QPM Energy Ltd (ASX:QPM)?
Fund managers have invested in QPM Energy Ltd due to its successful fundraising efforts, including a recent upsizing of its Share Purchase Plan to $7 million, aimed at accelerating the development of the Isaac Power Station (IPS). The company has garnered support from the federal government's Northern Australia Infrastructure Facility, which is moving forward with due diligence for financing the IPS construction. Additionally, QPM secured a significant $114 million master lease agreement with Macquarie Bank for gas turbines, solidifying the project's timeline for mid-2027 commissioning. These strategic moves position QPM as a key player in Queensland's energy transition.