Akora Resources Ltd. (AKO) AI Stock Analysis

• Market Cap: AU$16.70M
• Dividend Yield: N/A
• Average Volume (3M): 165.66K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.70
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 173,924,740
• 10 Day Avg. Volume: 174,451
• 30 Day Avg. Volume: 165,660
• PEG Ratio: -0.78
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 578.92
• P/FCF Ratio: -2.35
• 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: 45 Neutral
• Price Target: AU$0.08 ▲(2.50% Upside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is held down primarily by persistent losses and ongoing cash burn, which increase reliance on future funding. A debt-free balance sheet provides some offset, but technical signals remain weak (below longer-term moving averages with negative MACD) and valuation support is limited due to negative earnings and no dividend data.

Akora Resources Ltd. Business Overview & Revenue Model

Company Description

AKORA Resources Limited engages in the exploration and development of iron ore projects in Madagascar. The company's flagship project is the Bekisopa property that consists of three granted research permits and one granted small scale mining permit covering 93.5 square kilometers located in south central Madagascar. It also holds interests in Tratramarina and Ambodilafa projects. The company was formerly known as Indian Pacific Resources Limited. AKORA Resources Limited was incorporated in 2009 and is based in Carlton North, Australia.

How the Company Makes Money

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Akora Resources Ltd. Financial Statement Overview

Summary

Balance sheet strength (zero debt and a meaningful equity buffer) reduces financial risk, but this is outweighed by persistently weak operating results: very small/volatile revenue, large net losses, and sustained operating and free cash flow burn that implies ongoing funding needs.

Income Statement

Revenue remains very small and volatile (2024: 19,268 vs. 2023: 10,564; 2024 growth -4.96% after a sharp 2023 rebound), which limits operating leverage. Profitability is weak: 2024 net income was -2.20M with a deeply negative net margin (-114%), and losses have persisted across all years shown. A positive is that reported gross profit is positive in 2023–2024 (gross margin at 100%), but the cost structure still results in large operating losses and no clear path to earnings yet.

Balance Sheet

The balance sheet is conservatively structured with no debt across all periods (debt-to-equity at 0.0), which reduces financial risk and refinancing pressure. Equity is sizable relative to the company’s scale (2024 equity: 13.54M; assets: 13.91M), providing a buffer. The main weakness is ongoing losses driving consistently negative returns on equity (2024 ROE: -16.25%), which can erode the equity base over time if not offset by improved results or new funding.

Cash Flow

Cash generation is weak with sustained cash burn: 2024 operating cash flow was -1.58M and free cash flow was -4.75M, following negative results in prior years as well. Free cash flow was worse in 2024 than 2023 (more negative), even though the provided free cash flow growth figure shows improvement, indicating volatility in underlying spending patterns. A modest positive is that free cash flow has been less negative than net income in each year shown (e.g., 2024 free cash flow to net income ~3.00x), but the overall trajectory still reflects ongoing funding needs.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.55K	19.27K	10.56K	148.00	78.00	31.00
Gross Profit	12.55K	19.27K	10.56K	-4.68K	-5.41K	-4.77K
EBITDA	-1.07M	-2.20M	-1.30M	-1.50M	-1.16M	-1.45M
Net Income	-1.99M	-2.20M	-1.59M	-1.50M	-1.08M	-1.46M
Balance Sheet
Total Assets	14.29M	13.91M	11.27M	9.63M	8.29M	8.58M
Cash, Cash Equivalents and Short-Term Investments	374.53K	663.00K	1.32M	724.08K	1.05M	4.77M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	296.45K	363.38K	176.66K	189.22K	629.13K	271.63K
Stockholders Equity	13.99M	13.54M	11.09M	9.44M	7.66M	8.31M
Cash Flow
Free Cash Flow	-2.31M	-4.75M	-2.83M	-3.59M	-4.12M	-1.97M
Operating Cash Flow	-1.64M	-1.58M	-1.40M	-1.39M	-1.12M	-1.18M
Investing Cash Flow	-2.64M	-3.16M	-1.42M	-2.20M	-3.00M	-788.33K
Financing Cash Flow	1.66M	4.09M	3.42M	3.27M	290.62K	4.78M

Akora 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%
AMU	49 Neutral	AU$12.32M	-5.00	-6.35%	―	―	―
AKO	45 Neutral	AU$16.70M	-3.54	-14.48%	―	―	―
LML	44 Neutral	AU$28.60M	-6.37	-24.52%	―	―	26.67%

Akora Resources Ltd. Corporate Events

Akora Resources to Showcase Bekisopa Iron Ore Strategy at MiningNews Select

Akora Resources has announced that Managing Director and CEO Peter Bird will present the company’s strategy and project portfolio at the MiningNews Select conference in Sydney on 11 March 2026. The appearance comes as the company advances near-term cash generation plans at its Bekisopa project, including a proposed Stage 1 operation producing 2 million tonnes per annum of direct shipping ore over an initial six-year mine life, underscoring its aim to supply both traditional blast furnace and emerging greener steel markets.

The most recent analyst rating on (AU:AKO) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Akora Resources Ltd. stock, see the AU:AKO Stock Forecast page.

Akora Wins 25-Year Mining Permit for Bekisopa Iron Ore Project in Madagascar

Akora Resources has secured a 25-year mining permit for its Bekisopa high-grade iron ore project in Madagascar, marking a major regulatory milestone that enables the transition from exploration to development. The permit covers both the Stage One direct shipping ore operation and potential Stage Two magnetite expansion, underpinned by a pre-feasibility study that outlined low upfront capital, robust economics and rapid payback.

The approval is expected to accelerate engagement with strategic partners, joint venture participants and financiers by providing regulatory certainty and a clear path to production. Akora is also advancing feasibility work, secondary permits and community engagement, and has launched a substantial retention and performance rights program to align directors, employees and contractors with project delivery and long-term value creation.

The most recent analyst rating on (AU:AKO) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Akora Resources Ltd. stock, see the AU:AKO Stock Forecast page.

Akora Extends High-Grade Iron Ore Footprint at Madagascar’s Bekisopa Project

Akora Resources has extended high-grade iron mineralisation at its Bekisopa project in Madagascar, with 339 metres of trenching between the existing South and Central resource zones confirming easily accessible direct shipping ore. All eight trenches intersected iron mineralisation, including standout intercepts of up to 63.8% and 60.5% iron, underscoring the continuity of high-grade material across the tenement.

Management said the new results validate geological continuity between resource zones and point to significant upside in expanding the Indicated DSO resource footprint, which could enhance mine life and bolster project economics. With about half of the Bekisopa tenement still unexplored and magnetic surveys highlighting undrilled anomalies along a six-kilometre strike, the low-cost trenching program is reinforcing Bekisopa’s potential scale and strengthening Akora’s development pathway for a robust, staged iron ore project.

The most recent analyst rating on (AU:AKO) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Akora Resources Ltd. stock, see the AU:AKO Stock Forecast page.

Akora to Showcase Bekisopa Iron Ore Strategy at Mining Indaba

Akora Resources’ managing director and CEO Peter Bird is set to present the company’s strategy and project portfolio at the Mining Indaba Conference in Cape Town, highlighting its progress on high-grade iron ore assets in Madagascar. The company is advancing a Stage 1 plan at its Bekisopa project for a 2 million tonne per annum mine over six years, targeting near-term cash flow from 61.6% grade direct shipping ore while reinforcing its role in supplying cleaner iron ore for greener steel applications.

The most recent analyst rating on (AU:AKO) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Akora Resources Ltd. stock, see the AU:AKO Stock Forecast page.

Akora Resources Issues Shares to Director After Performance Milestone

Akora Resources Limited has issued 500,000 ordinary shares to director Graeme Hunt following the satisfaction of conditions attached to his performance rights. The company confirmed the shares were issued without a prospectus under the relevant disclosure exemptions, stated it remains compliant with its financial reporting and continuous disclosure obligations, and noted there is no excluded information requiring disclosure, signalling orderly governance and no undisclosed price-sensitive information for shareholders.

The most recent analyst rating on (AU:AKO) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Akora Resources Ltd. stock, see the AU:AKO Stock Forecast page.

Akora Resources Seeks ASX Quotation for 500,000 Additional Shares

Akora Resources Limited has applied to the Australian Securities Exchange for quotation of 500,000 ordinary fully paid shares under its ASX code AKO. The new securities, issued on 3 February 2026 following the lapse of transfer restrictions on shares previously issued under an employee incentive scheme, will expand the company’s freely tradable share base and may enhance liquidity for existing and new investors.

The most recent analyst rating on (AU:AKO) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Akora Resources Ltd. stock, see the AU:AKO Stock Forecast page.

Akora Advances Bekisopa DSO Iron Ore Project With Completed Trenching and Mining Permit Application

Akora Resources has completed its latest exploration trenching program at the Bekisopa high-grade iron ore project in Madagascar, including 339 metres of trenching and detailed surface mapping across tenement areas showing strong signs of iron mineralisation. The company has also submitted a mining permit application for its Stage One DSO project at Bekisopa and reports that Madagascar’s new leadership has acknowledged the project’s importance, underscoring its potential strategic role in Akora’s path toward near-term production and possible future expansion into premium green steel–oriented iron products.

The most recent analyst rating on (AU:AKO) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Akora Resources Ltd. stock, see the AU:AKO Stock Forecast page.