Australian Potash Limited (AU:APC)
ASX:APC
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Australian Potash Limited
(Sydney:APC)
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Rating:42Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:ReiteratedDate:02/05/26
The score is primarily held down by weak financial performance—minimal revenue, recurring losses, and sustained negative operating/free cash flow—implying ongoing external funding needs. Technicals provide limited support due to sparse indicators and an extreme RSI reading, while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Premium product focus (SOP)
The company is centered on the Lake Wells project to produce sulphate of potash (SOP), a premium fertiliser. That product focus supports structurally higher pricing and differentiated market demand, giving APC a durable strategic position if the project reaches commercial scale.
Negative Factors
Persistent negative operating cash flow
Sustained negative operating cash flow signals ongoing cash burn and dependence on external financing. Over a 2–6 month horizon this undermines the firm's ability to advance development autonomously and raises funding and project-delivery risk absent committed capital or partners.
Read all positive and negative factors
Positive Factors
Negative Factors
Premium product focus (SOP)
The company is centered on the Lake Wells project to produce sulphate of potash (SOP), a premium fertiliser. That product focus supports structurally higher pricing and differentiated market demand, giving APC a durable strategic position if the project reaches commercial scale.
Read all positive factors
Australian Potash Limited (APC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.08M
Dividend YieldN/A
Average Volume (3M)1.15M
Price to Earnings (P/E)―
Beta (1Y)0.17
Revenue GrowthN/A
EPS Growth-255.77%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding734,125,850
10 Day Avg. Volume1,794,371
30 Day Avg. Volume1,145,604
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)3.41
Price to Sales (P/S)8.19
P/FCF Ratio-0.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Australian Potash Limited Business Overview & Revenue Model
Company Description
Australian Potash Limited engages in the exploration of mineral properties in Australia. The company explores for potash, gold, and nickel sulphide minerals. Its flagship property is 100% owned Lake Wells Sulphate of Potash project covering an are...
How the Company Makes Money
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Australian Potash Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
42
Neutral
Cash Flow
15
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 161.35K | 161.35K | 0.00 | 0.00 | 70.56K | 159.36K |
| Gross Profit | 145.38K | 161.35K | 0.00 | -107.00K | -80.91K | 7.90K |
| EBITDA | -1.57M | -2.41M | 187.33K | -41.49M | -5.40M | -3.59M |
| Net Income | -1.57M | -2.44M | 477.45K | -41.61M | -5.58M | -3.73M |
Balance Sheet | ||||||
| Total Assets | 322.21K | 782.52K | 1.56M | 2.96M | 37.65M | 29.70M |
| Cash, Cash Equivalents and Short-Term Investments | 134.65K | 579.82K | 1.20M | 1.29M | 878.79K | 7.80M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 44.12K | 117.50K |
| Total Liabilities | 422.25K | 394.63K | 813.89K | 5.52M | 4.62M | 5.74M |
| Stockholders Equity | -100.04K | 387.89K | 746.39K | -2.56M | 33.03M | 23.96M |
Cash Flow | ||||||
| Free Cash Flow | -1.44M | -2.23M | -3.04M | -5.93M | -21.32M | -11.49M |
| Operating Cash Flow | -1.44M | -2.19M | -3.04M | -3.11M | -3.89M | -3.03M |
| Investing Cash Flow | 43.44K | -43.25K | 1.06M | -2.74M | -17.43M | -8.46M |
| Financing Cash Flow | 1.22M | 1.61M | 1.89M | 6.25M | 14.39M | 15.91M |
Australian Potash Limited Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
47 Neutral | AU$12.15M | -2.58 | -11.39% | ― | -28.07% | -29.81% | |
45 Neutral | AU$6.80M | -32.58 | -27.10% | ― | ― | 76.12% | |
44 Neutral | AU$1.43M | -3.26 | -43.09% | ― | ― | -200.00% | |
44 Neutral | AU$5.55M | 1.33 | 14.24% | ― | ― | 30.00% | |
42 Neutral | AU$8.08M | -1.13 | -430.00% | ― | ― | -255.77% |
* Basic Materials Sector Average
AU:APC
Australian Potash Limited
0.01
<0.01
10.00%
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Australian Potash Limited Corporate Events
APC Minerals Releases Interim Financial Report for Half Year to 31 December 2025
Mar 11, 2026
APC Minerals Limited has released its interim financial report for the half year ended 31 December 2025, providing shareholders with an update on the company’s profit or loss, cash flows, and changes in equity. The report includes the direct...
APC Minerals CEO departs after 11-year tenure and stalled potash project
Feb 23, 2026
APC Minerals Limited has announced the departure of Chief Executive Officer and Managing Director Matthew Shackleton, who left the company on 20 February 2026 after more than 11 years of service. Chair Cathy Moises praised Shackleton’s long-...
APC Minerals Discloses Final Equity Interests of Departing Director
Feb 22, 2026
APC Minerals Limited has disclosed the final interests of departing director Matthew Shackleton, who ceased to be a director on 20 February 2026. The notice details his direct holdings in ordinary fully paid shares and listed options, as well as a...
APC Minerals Names Vikram Kumar to Board with No Initial Equity Stake
Feb 22, 2026
APC Minerals Limited has appointed Vikram Kumar as a director effective 20 February 2026, according to an initial director’s interest notice lodged with the ASX. The filing indicates that Kumar currently holds no relevant interests in the co...
APC Minerals Adds Experienced Dealmaker Vikram Kumar to Board
Feb 22, 2026
APC Minerals Limited has appointed Vikram Kumar as a non-executive director, adding a seasoned management consultant, corporate lawyer and funds management founder to its board. Kumar brings extensive experience in MA, corporate strategy, governan...
APC Minerals Bolsters Balance Sheet as It Reshapes Gold Exploration Portfolio
Jan 28, 2026
APC Minerals Limited reported that it raised $1.765 million through a placement and renounceable entitlement offer, with most of the funds received in January 2026, leaving the company in a stronger financial position to retain and advance its exi...
APC Minerals Raises Capital Through 66 Million-Share Placement
Jan 21, 2026
APC Minerals Limited has issued 66 million fully paid ordinary shares as part of a placement, expanding its share capital base. The company stated that the shares were issued without a prospectus under relevant Corporations Act provisions, and con...
APC Minerals Seeks ASX Quotation for 66 Million New Shares
Jan 21, 2026
APC Minerals Limited has lodged an application with the ASX for the quotation of 66 million new ordinary fully paid shares, to be issued on 21 January 2026. The move increases the company’s listed share capital and reflects the progression o...
APC Minerals Raises $264,000 Through Top-Up Share Placement
Jan 21, 2026
APC Minerals Limited has completed a top-up placement of 66 million new fully paid ordinary shares at $0.004 per share, raising $264,000 before costs on the same terms as its recent entitlement offer. Managed by Yelverton Capital and conducted und...
APC Minerals Plans Placement of Up to 66 Million New Shares
Jan 15, 2026
APC Minerals Limited has notified the ASX of a proposed placement involving the issue of up to 66 million ordinary fully paid shares, with the new securities expected to be issued on 22 January 2026. The capital raising via this share placement is...
APC Minerals Raises $264,000 Through Discounted Top-Up Share Placement
Jan 15, 2026
APC Minerals Limited has secured firm commitments from sophisticated and professional investors for a top-up placement of 66 million new fully paid ordinary shares at $0.004 per share, raising $264,000 before costs. Priced at a significant discoun...
APC Minerals Seeks ASX Quotation for 346 Million New Shares
Jan 15, 2026
APC Minerals Limited has applied to the ASX for quotation of 346,192,509 new fully paid ordinary shares under the code APC, with an issue date of 15 January 2026. The large volume of new shares coming to market reflects a previously announced capi...
APC Minerals’ Oversubscribed Entitlement Offer Raises Targeted $1.38m
Jan 15, 2026
APC Minerals Limited has closed its fully underwritten pro-rata renounceable entitlement offer, which offered shareholders thirteen new shares for every eleven held at an issue price of $0.004 per share, targeting a capital raise of up to $1.38 mi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.