Pauline Hanson says One Nation is not finished , where it may end up with just one seat at best.
But the good news for the right-wing party is that votes to One Nation and their preferences have decided, and will decide, many seats in the regions.
"I think this is a clear indication that One Nation is not going anywhere. We are going to be around for a while yet," Senator Hanson said.
She said she believed there was potential for One Nation to win Senate sits at the next federal election based on Saturday's results.
One Nation stood candidates in 61 of the 93 electorates, but is yet to pick up a seat in Senator Hanson's home state where she had at one stage predicted a repeat of the 1998 election when One Nation won 11 seats in Queensland.
And it lost its two highest-profile candidates when both state leader and LNP defector Steve Dickson lost Buderim and former senator Malcolm Roberts failed to win Ipswich.
There is still a chance the party could still get at least one, maybe a few more, MPs into the parliament, with Stephen Andrew ahead in central Queensland seat of Mirani.But One Nation is unlikely to hold the balance of power if Labor secures the 47 seats it needs for a majority government.
One Nation leader Pauline Hanson. Source: AAP
Senator Hanson, who could not stand for election but was the face of the party's campaign across the state, blamed Premier Annastacia Palaszczuk relentless campaign for the result.
"It was a scare campaign that the Labor party did. Saying that a vote for the LNP is a vote for One Nation, people were confused about it," Senator Hanson said.
She said she was pleased with the overall, saying the party had run a very strong campaign.
"We are polling in the mid to high 20s, some in the 30 per cent. I'm very pleased with that result," she said.
"When you look at even the Greens vote, it's gone down."