Agrimin Limited (AMN) AI Stock Analysis

• Market Cap: AU$27.52M
• Dividend Yield: N/A
• Average Volume (3M): 164.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.86
• Revenue Growth: N/A
• EPS Growth: -727.17%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 384,929,440
• 10 Day Avg. Volume: 168,360
• 30 Day Avg. Volume: 164,489
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 211.40
• P/FCF Ratio: -5.22
• 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: 44 Neutral
• Price Target: AU$0.07 ▲(5.71% Upside)

The score is primarily held down by weak financial performance—persistent losses and ongoing cash burn—despite low leverage. Technicals also lean bearish with price below key moving averages and negative MACD, while valuation support is limited due to a negative P/E and no dividend yield data.

Positive Factors

Focused development-stage asset

Agrimin’s clear focus on advancing the Mackay Potash Project via technical studies, permitting and project financing concentrates management and capital on a single scalable asset. That focused development model supports clearer execution milestones and simplifies value realization if permitting and financing progress.

Very low leverage

A conservatively financed balance sheet with negligible debt reduces refinancing and interest-rate risk for a development company. Low leverage provides flexibility to pursue permitting, studies and financing rounds without immediate debt-service pressure, improving resilience across cycles.

Improvement in gross profit

A shift to positive gross profit indicates improving unit economics or higher realized pricing at the operational level. If sustained and coupled with scale, this can be the first durable step toward operating-margin recovery, enabling future leverage of fixed costs and improved project economics.

Negative Factors

Persistent net losses

Continuous net losses and deeply negative margins signal the company has not reached profitable operations. Over the medium term this forces reliance on external capital, undermines internal reinvestment capacity and challenges sustainable value creation absent meaningful operational improvement.

Ongoing cash burn

Persistent negative operating and free cash flow indicate the business consumes cash rather than funds itself. This structural cash burn increases financing risk, can delay project timelines, and raises the likelihood of dilution or costly capital raises to complete development milestones.

Eroding equity and negative ROE

Sharp equity decline and negative ROE show that capital invested has not produced positive returns and book value is being eroded. This weakens the balance-sheet cushion, limits low-cost capital options and diminishes shareholder value unless profitability and cash generation reverse.

Agrimin Limited Business Overview & Revenue Model

Company Description

Agrimin Limited engages in the exploration and development of mineral properties in Australia. The company focuses on sulphate of potash. It holds a 100% interest in the Mackay Potash project comprising nine granted exploration licenses covering a total area of 3,000 square kilometers located in Western Australia, as well as four exploration licenses applications covering 1,200 square kilometers situated in the northern territory. The company also holds a 100% interest in the Lake Auld Potash project comprising granted exploration license covering a total area of 108 square kilometers located in Western Australia. The company was formerly known as Global Resources Corporation Limited and changed its name to Agrimin Limited in December 2014. The company was incorporated in 2006 and is based in Nedlands, Australia.

How the Company Makes Money

Agrimin Limited generates revenue through the exploration, development, and potential future production and sale of sulfate of potash (SOP). The company's primary revenue stream is expected to come from the Mackay Potash Project, where it plans to extract and process potash minerals into SOP for sale to agricultural markets. Agrimin's revenue model includes securing long-term supply agreements with agricultural companies and distributors, capitalizing on the growing demand for high-quality fertilizers. Additionally, the company may engage in strategic partnerships and joint ventures to finance and expand its operations, contributing to its earnings.

Agrimin Limited Financial Statement Overview

Summary

Income statement and cash flow quality are weak due to persistent losses, deeply negative margins in 2025 versus a small revenue base, and ongoing negative operating/free cash flow (continued cash burn). The main offset is a low-leverage balance sheet, but falling equity and negative ROE indicate limited value creation so far.

Income Statement

Revenue is highly volatile (sharp rebound in 2025 after declines in prior years), but profitability remains the core issue. The company reports persistent losses across the period, with 2025 showing an especially severe net loss relative to a very small revenue base (net margin deeply negative), indicating limited operating scale and heavy cost burden. While gross profit turned positive in 2025, operating results are still materially negative, suggesting the business has not reached sustainable earnings power.

Balance Sheet

Leverage is very low, with debt effectively negligible versus equity across all years, which reduces financial risk and provides flexibility. However, equity has fallen sharply in 2025 versus 2024, consistent with ongoing losses and potential dilution/asset changes, and returns on equity are negative throughout—highlighting weak value creation despite a conservatively financed balance sheet.

Cash Flow

Cash generation is consistently weak: operating cash flow is negative every year and free cash flow is also negative throughout, indicating the business is consuming cash rather than funding itself. Free cash flow deterioration in 2025 versus 2024 adds pressure. While free cash flow appears large relative to net loss in several years (because losses are sizable), the key takeaway is continued cash burn and limited evidence of self-sustaining operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.90K	107.30K	25.52K	111.58K	12.16K	84.23K
Gross Profit	-122.50K	107.30K	-122.33K	111.58K	-180.04K	-19.24K
EBITDA	-2.99M	0.00	-5.07M	-49.80K	-1.16M	-4.89M
Net Income	-48.73M	-48.73M	-5.33M	-47.92K	-1.37M	-5.01M
Balance Sheet
Total Assets	40.85M	40.85M	95.51M	66.78M	49.00M	41.83M
Cash, Cash Equivalents and Short-Term Investments	2.84M	2.91M	4.05M	2.23M	6.81M	5.48M
Total Debt	459.00	459.00	205.37K	322.26K	67.03K	175.91K
Total Liabilities	11.41M	11.41M	13.40M	2.13M	2.57M	2.67M
Stockholders Equity	29.44M	29.44M	82.11M	64.65M	46.44M	39.16M
Cash Flow
Free Cash Flow	-3.93M	-4.35M	-5.81M	-6.49M	-8.62M	-7.17M
Operating Cash Flow	-2.07M	-2.07M	-2.77M	-1.94M	-2.24M	-1.68M
Investing Cash Flow	-1.20M	-1.20M	-2.09M	-2.51M	-5.88M	-4.07M
Financing Cash Flow	2.06M	2.06M	6.69M	-136.99K	9.46M	6.06M

Agrimin Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.07
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AMN, the sentiment is Positive. The current price of 0.07 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.54 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AMN.

Agrimin Limited 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%
SHN	52 Neutral	AU$100.53M	-30.00	-15.05%	―	―	76.36%
GAL	48 Neutral	AU$55.33M	-47.46	-2.46%	―	―	-134.50%
AMN	44 Neutral	AU$27.52M	-0.50	-87.86%	―	―	-727.17%
COB	44 Neutral	AU$47.30M	-5.70	-18.74%	―	―	85.44%
LGM	44 Neutral	AU$40.02M	-11.49	-20.13%	―	―	-241.18%
G6M	37 Underperform	AU$25.10M	-1.07	―	―	71.37%	82.48%

Agrimin Limited Corporate Events

Agrimin Limited Successfully Passes All AGM Resolutions

Agrimin Limited announced that all resolutions presented at its Annual General Meeting were successfully passed. This includes key resolutions such as the adoption of the remuneration report, election of a director, approval of a 10% placement facility, renewal of proportional takeover provisions, and approval of an incentive awards plan. The successful passing of these resolutions indicates strong shareholder support and positions the company for continued strategic development.