Bryah Resources Ltd. (ABR) AI Stock Analysis

• Market Cap: AU$7.43M
• Dividend Yield: N/A
• Average Volume (3M): 9.66M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.23
• Revenue Growth: N/A
• EPS Growth: 36.59%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 1,485,665,600
• 10 Day Avg. Volume: 1,729,417
• 30 Day Avg. Volume: 9,660,282
• PEG Ratio: 0.14
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: AU$0.01

The score is primarily constrained by weak financial performance (revenue collapse, recurring losses, and persistent cash burn). A debt-free balance sheet provides some stability, but valuation is also pressured by negative earnings, and technical momentum cannot be assessed due to missing indicators.

Positive Factors

Debt-Free Balance Sheet

A debt-free balance sheet provides financial stability and flexibility, reducing leverage risk and supporting long-term operational resilience.

Equity Base Stability

A stable equity base supports liquidity and provides a buffer against financial volatility, enhancing the company's ability to invest in growth opportunities.

Director Equity Alignment

Increased equity alignment between directors and company performance can drive long-term strategic focus and shareholder value creation.

Negative Factors

Revenue Collapse

The collapse in revenue indicates significant operational challenges, potentially hindering the company's ability to fund projects and sustain growth.

Negative Cash Flow

Persistent negative cash flow suggests ongoing cash burn, which can limit strategic flexibility and necessitate external funding to maintain operations.

Consistently Negative Profitability

Ongoing negative profitability reflects structural inefficiencies, impacting the company's ability to achieve sustainable earnings and long-term viability.

Bryah Resources Ltd. Business Overview & Revenue Model

Company Description

Bryah Resources Ltd. (BYH) is an Australian mineral exploration company primarily focused on the exploration and development of mineral projects in Western Australia. The company is engaged in exploring precious and base metals, including gold, copper, and manganese, with a strategic emphasis on discovering and developing high-potential mining projects. Bryah Resources operates several exploration projects, notably in the Bryah Basin region, which is known for its rich mineral deposits.

How the Company Makes Money

Bryah Resources Ltd. generates revenue through the exploration and development of mineral resources, primarily focusing on gold, copper, and manganese. The company earns money by identifying promising mineral deposits, conducting exploration activities to determine the feasibility and potential yield of these deposits, and then advancing them towards development and production either independently or through joint ventures and partnerships. Additionally, Bryah Resources may enter into strategic partnerships or joint ventures with other mining companies to share the costs and benefits of exploration and development projects. The company may also generate revenue through the sale or optioning of its exploration assets to other mining entities, thereby monetizing its discoveries and exploration efforts.

Bryah Resources Ltd. Financial Statement Overview

Summary

Overall financial quality is weak: revenue has effectively collapsed to zero in the latest period, profitability is consistently negative, and operating cash flow is negative each year. The primary offset is a clean balance sheet with zero debt and a meaningful equity base, which reduces near-term leverage risk.

Income Statement

Operating performance remains weak. Revenue has been highly volatile and has effectively collapsed to zero in the most recent annual period (2025), following steep declines in 2024 and 2023. Profitability is consistently negative, with recurring operating losses (negative EBIT/EBITDA) and net losses every year shown; margins are deeply negative in several years (notably 2024). A partial positive is that gross profit was positive in prior years (2020–2024), but it has not translated into sustainable earnings power.

Balance Sheet

The balance sheet is a relative strength due to the absence of debt across all periods, resulting in minimal financial leverage risk. Equity remains sizable and fairly stable (roughly $10–12M in recent years), supporting liquidity and flexibility. The key weakness is persistent value erosion from losses, reflected in consistently negative returns on equity (roughly -9% to -18%), which can pressure the capital base over time if losses continue.

Cash Flow

Cash generation is weak: operating cash flow is negative every year shown, indicating the business is not self-funding. Free cash flow is also negative in most years (2020–2024), and 2025 free cash flow is reported as 0 while operating cash flow remains materially negative, suggesting limited improvement in underlying cash burn. Overall, cash flow quality is a concern given recurring cash outflows alongside net losses.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	414.96K	0.00	24.34K	585.22K	784.48K	207.03K
Gross Profit	-1.19M	-35.94K	24.34K	585.22K	738.31K	165.69K
EBITDA	-7.67M	-1.86M	-1.55M	-1.54M	-834.11K	-1.84M
Net Income	-14.46M	-1.60M	-1.64M	-1.83M	-1.02M	-1.88M
Balance Sheet
Total Assets	11.66M	11.66M	12.43M	12.47M	11.76M	11.30M
Cash, Cash Equivalents and Short-Term Investments	598.88K	598.88K	603.08K	1.11M	810.22K	3.16M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	410.93K	410.93K	456.96K	653.79K	779.41K	676.15K
Stockholders Equity	11.25M	11.25M	11.97M	11.82M	10.99M	10.63M
Cash Flow
Free Cash Flow	-7.66M	0.00	-2.27M	-2.52M	-3.72M	-3.11M
Operating Cash Flow	-7.88M	-1.51M	-2.16M	-1.54M	-1.81M	-1.73M
Investing Cash Flow	5.71K	406.17K	240.20K	-694.44K	-1.46M	-1.38M
Financing Cash Flow	9.83M	1.10M	1.41M	2.54M	918.88K	4.44M

Bryah Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Bryah Resources Ltd. Corporate Events

Albright Metals Starts Drilling at Bond Road Antimony Prospect in Canada

Albright Metals has commenced a drilling program at its Bond Road Antimony Prospect, part of the Golden Pike Gold and Antimony Project in New Brunswick, targeting high-grade antimony veins within interpreted fault structures. The campaign will comprise up to 1,200 metres of exploration drilling across several holes, following earlier identification of high-grade antimony boulder samples and strong soil anomalies, while core processing from recent gold drilling at the nearby Vail Road Gold Deposit is nearing completion with assay results pending, underscoring ongoing momentum across the company’s Canadian exploration portfolio.

The most recent analyst rating on (AU:ABR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Bryah Resources Ltd. stock, see the AU:ABR Stock Forecast page.

Albright Metals Issues 523 Million Unquoted Options Expiring 2029

Albright Metals Ltd has notified the market of the issue of 523,417,433 unquoted options, each exercisable at $0.006 and expiring on 6 January 2029, with an issue date of 7 January 2026. These options, forming part of a previously announced transaction and not intended to be quoted on the ASX, significantly expand the company’s pool of unquoted equity instruments, potentially impacting future capital structure and dilution for existing shareholders depending on the extent to which the options are exercised over time.

The most recent analyst rating on (AU:ABR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Bryah Resources Ltd. stock, see the AU:ABR Stock Forecast page.

Albright Metals Director Ian Stuart Receives 16 Million Performance Rights

Albright Metals Limited has reported a change in the interests of director Ian George Stuart, who has been issued 16 million performance rights under the company’s Employee Securities Incentive Plan approved by shareholders in late November 2025. Following this issue, Stuart’s holdings now comprise 3 million performance rights held directly, 7 million ordinary fully paid shares via Scarfell Pty Ltd as trustee for The Stuart Super Fund, and 16 million performance rights held through Solid Bay Pty Ltd, reflecting an increased equity-based alignment between the director and the company’s future performance.

Albright Metals Completes Vail Road Drilling and Shifts Focus to Bond Road Antimony

Albright Metals has completed a 1,020-metre infill and extensional diamond drilling program over 15 holes at its Vail Road High-Grade Gold Deposit, successfully intercepting target zones and dispatching core samples for laboratory assays expected in January. The drill rig will now move to the nearby Bond Road Antimony Prospect, where the company plans up to 1,200 metres of initial diamond drilling targeting high-grade antimony veins in an area of strong soil anomalism and surface stibnite boulders, with results from both campaigns expected to underpin a JORC-compliant resource at Vail Road and refine exploration priorities across the Golden Pike project area.

Albright Metals Issues 100 Million Unquoted Performance Rights Under Incentive Scheme

Albright Metals Ltd, listed on the ASX under the code ABR, operates in the metals sector, though this announcement provides no further detail on its specific products, services or target markets. The company has issued 100 million unquoted performance rights under an employee incentive scheme, a move that increases unquoted equity on its register and is likely aimed at aligning staff and management incentives with shareholder value and supporting retention and performance ahead of future corporate milestones.