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AJ Lucas Group
(OTC:AJL)
AJ Lucas Group (AJL) vs. iShares MSCI Australia ETF (EWA)
AJ Lucas Group Business Overview & Revenue Model
AJ Lucas Group Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 145.61M | 145.61M | 159.10M | 157.61M | 123.23M | 111.09M |
| Gross Profit | 28.18M | 103.43M | 40.27M | 19.61M | 13.09M | 111.09M |
| EBITDA | 13.72M | 14.39M | 28.98M | -135.61M | 13.63M | 20.58M |
| Net Income | -15.01M | -15.01M | -702.00K | -152.06M | -11.32M | 3.34M |
Balance Sheet | ||||||
| Total Assets | 89.07M | 89.07M | 108.32M | 104.14M | 220.70M | 232.00M |
| Cash, Cash Equivalents and Short-Term Investments | 3.87M | 3.87M | 16.85M | 14.04M | 3.06M | 5.14M |
| Total Debt | 123.81M | 123.81M | 126.38M | 126.91M | 110.12M | 107.39M |
| Total Liabilities | 162.71M | 162.71M | 166.16M | 161.20M | 143.88M | 137.56M |
| Stockholders Equity | -73.55M | -73.55M | -57.79M | -57.03M | 75.66M | 93.27M |
Cash Flow | ||||||
| Free Cash Flow | 2.94M | 2.94M | 17.78M | -4.46M | 9.28M | 17.89M |
| Operating Cash Flow | 13.07M | 13.07M | 32.03M | 1.39M | 12.56M | 19.62M |
| Investing Cash Flow | -9.26M | -9.26M | -13.75M | -5.84M | -3.27M | -1.65M |
| Financing Cash Flow | -16.94M | -16.94M | -15.46M | 15.35M | -12.84M | -15.88M |
AJ Lucas Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
43 Neutral | AU$12.38M | -0.92 | ― | ― | -8.48% | -2080.00% | |
41 Neutral | AU$9.35M | ― | ― | ― | ― | -57.51% | |
39 Underperform | AU$6.05M | ― | -7.09% | ― | ― | 42.86% | |
38 Underperform | AU$60.41M | -53.13 | -2.71% | ― | ― | 40.74% | |
38 Underperform | AU$3.07M | -33.33 | ― | ― | ― | 57.14% | |
33 Underperform | ― | ― | ― | ― | ― | -308.85% |
AJ Lucas Group Corporate Events
AJ Lucas Group Limited announced the results of its Annual General Meeting held on November 6, 2025, where all resolutions were passed by a poll. The successful resolutions, including the re-election of directors and approval of additional issuance capacity, indicate strong shareholder support and may positively impact the company’s governance and strategic initiatives.
AJ Lucas Group faced significant operational challenges in the 2025 financial year, resulting in lower earnings compared to the previous year. The company successfully completed a debt restructure, reducing total debt by $17.2 million, which improved financial flexibility and allowed for more focus on growth initiatives. Despite disruptions, AJ Lucas maintained operational momentum through investment in innovation and safety, recording zero environmental incidents and a low injury frequency rate. Looking forward, the company remains focused on deleveraging and capturing market opportunities, with a positive outlook for the metallurgical coal market and a successful unveiling of a new drilling rig.
AJ Lucas Group reported a quarterly revenue of $35.7 million, slightly down from the previous year, but showed improved EBITDA figures due to a settlement in the UK. The Australian operations benefited from reduced maintenance and weather disruptions, while the UK operations resolved a significant dispute, allowing the company to focus on conventional gas opportunities. The introduction of a new multi-purpose rig in Australia is expected to enhance service offerings and support future growth.
AJ Lucas Group Limited has announced the appointment of Robert Bailey as a new director, effective from October 10, 2025. This appointment is part of the company’s ongoing efforts to strengthen its leadership team, which could have significant implications for its strategic direction and stakeholder engagement.
AJ Lucas Group Limited has announced an addendum to its 2025 Annual General Meeting notice, introducing Resolution 5, which proposes the re-election of Mr. Robert Bailey as a director. Mr. Bailey, nominated by the company’s largest shareholder Kerogen Investments, brings over 25 years of experience in investment banking and corporate advisory, particularly in natural resources. The board, excluding Mr. Bailey, recommends shareholders vote in favor of his election, highlighting the strategic importance of his expertise for the company’s future operations.
AJ Lucas Group Limited has appointed Robert Bailey as a non-executive director, bringing over 25 years of experience in investment banking and corporate advisory, particularly in the natural resources sector. This strategic appointment, influenced by the company’s largest shareholder, Kerogen Investments, is expected to enhance the board’s expertise and support the company’s growth and stakeholder interests.
AJ Lucas Group Limited has released its corporate governance statement for the financial year ending June 30, 2025, which details its adherence to the ASX Corporate Governance Council’s recommendations. The statement, approved by the board, outlines the company’s governance practices, including board responsibilities, director appointments, and executive agreements. This announcement ensures transparency and compliance with ASX listing rules, potentially strengthening stakeholder confidence in the company’s governance framework.
AJ Lucas Group Limited reported a decrease in revenue and profit for FY2025, attributed to operational delays and incidents at customer mine sites, which reduced demand for its services. Despite these challenges, the company remains optimistic about the robust fundamentals of the metallurgical coal sector. Lucas successfully extended its debt facilities with simpler and lower-cost terms, and post-year-end, it settled a dispute over UK shale gas exploration licenses, resulting in a significant cash payment.
AJ Lucas Group, a specialist in drilling services for the energy, mining, and infrastructure sectors, has built a reputation for innovative and reliable project delivery. The company’s annual report highlights its strategic focus and operational strengths, positioning it as a key player in its industry.
AJ Lucas Group Limited reported a significant decline in its financial performance for the year ended June 30, 2025. The company experienced an 8.5% decrease in revenue from continuing operations, a 50.3% drop in EBITDA, and a substantial 2038.2% increase in loss attributable to members. These results highlight challenges in the company’s operations, potentially impacting its market position and stakeholder confidence.
AJ Lucas Group Limited is a specialist service provider in the energy, mining, and infrastructure sectors, known for its innovative solutions and reliable project delivery. In its latest earnings report, the company faced a challenging year with operational disruptions impacting its Australian drilling operations, leading to a decline in revenue and earnings. Despite these setbacks, AJ Lucas continued to invest in future capabilities, including modern rigs and geophysical data technology, and achieved a significant milestone with a technically demanding open-cut degasification project. Financially, the company reported a revenue of $145.6 million, down 8.5% from the previous year, and a Group EBITDA of $14.48 million, a 50.3% decrease. The UK operations faced an EBITDA loss, but a resolved commercial dispute provided a substantial post-year-end cash injection. Looking forward, AJ Lucas remains cautiously optimistic, focusing on diversifying its client base and expanding into adjacent markets, with a strong emphasis on sustainability and governance.
AJ Lucas Group Limited announced that its UK subsidiary, Cuadrilla Resources Limited, has settled a dispute over a carry agreement related to UK shale gas exploration licences, resulting in a cash payment of £12.5 million. This settlement marks the termination of the carry agreement, which was previously not accounted for by the company, potentially impacting its financial standing and operations in the UK shale gas market.