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Australian Pacific Coal
(Sydney:AQC)
Australian Pacific Coal (AQC) vs. iShares MSCI Australia ETF (EWA)
Australian Pacific Coal Business Overview & Revenue Model
Australian Pacific Coal Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 838.75K | 0.00 | 319.71K | 55.29K | 351.24K | 388.04K | Gross Profit |
| -14.60M | -1.19M | -709.00K | -957.00K | -800.00K | -777.00K | EBIT |
| -36.53M | -9.72M | -6.26M | -3.32M | -6.62M | -8.68M | EBITDA |
| -33.02M | -7.49M | -5.95M | -3.32M | -8.74M | -4.43M | Net Income Common Stockholders |
| -57.95M | -12.63M | -12.52M | -11.50M | -23.70M | -12.90M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 18.09M | 17.78M | 3.68M | 338.56K | 512.14K | 602.78K | Total Assets |
| 148.50M | 102.46M | 38.09M | 19.34M | 53.56M | 67.10M | Total Debt |
| 131.79M | 52.93M | 0.00 | 57.46M | 82.92M | 74.64M | Net Debt |
| 113.70M | 35.15M | -3.68M | 57.12M | 82.41M | 74.03M | Total Liabilities |
| 159.28M | 83.64M | 24.54M | 87.13M | 110.26M | 100.11M | Stockholders Equity |
| -10.78M | 18.82M | 13.55M | -67.79M | -56.70M | -33.01M |
| Cash Flow | Free Cash Flow | ||||
| -85.86M | -61.71M | -6.16M | -3.18M | -5.54M | -4.94M | Operating Cash Flow |
| -52.00M | -28.01M | -5.88M | -2.86M | -5.27M | -4.50M | Investing Cash Flow |
| -56.70M | -38.46M | -14.13M | -300.20K | 3.11M | 1.94M | Financing Cash Flow |
| 123.48M | 80.58M | 23.35M | 2.99M | 1.98M | 2.59M |
Australian Pacific Coal Technical Analysis
Australian Pacific Coal Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $7.28B | 5.97 | 13.93% | 9.64% | -12.04% | -32.97% | |
75 Outperform | $3.24B | 5.73 | 22.35% | 9.92% | -1.17% | -14.64% | |
70 Outperform | $4.76B | 27.42 | 3.39% | 3.00% | 47.28% | -84.83% | |
70 Neutral | AU$1.74B | 6.01 | 10.52% | 11.12% | -13.91% | -58.85% | |
58 Neutral | $7.43B | 3.43 | -4.49% | 10.08% | 0.81% | -49.42% | |
55 Neutral | AU$276.61M | ― | -16.23% | 10.54% | -17.57% | -1132.91% | |
16 Underperform | AU$49.73M | ― | -995.57% | ― | ― | -487.06% |
Australian Pacific Coal Corporate Events
Australian Pacific Coal Limited has announced that Regal Funds Management Pty Limited, along with its associates, has ceased to be a substantial holder in the company. This change in substantial holding, marked by a series of sales of ordinary securities, reflects a significant shift in the company’s shareholder structure, potentially impacting its market dynamics and stakeholder interests.
Australian Pacific Coal Limited has announced an increase in its senior debt facility from US$90 million to US$104 million and secured a new A$5 million unsecured loan from Trepang Services Pty Ltd. This funding aims to provide additional working capital for the Dartbrook Joint Venture amid softer global coal prices. The company’s wash plant refurbishment is ahead of schedule, with commissioning and testing underway, and washed coal expected to be available for train loading in April. The continued support from Vitol and Trepang highlights the Dartbrook asset’s quality and potential, as well as the disciplined management by the joint venture partners.
Australian Pacific Coal Limited reported a significant loss of $47.7 million for the six months ending December 2024, primarily due to its involvement in the Dartbrook Joint Arrangement. Despite this, the company achieved several operational milestones, including the successful completion of a Restart Program and upsizing its Senior Debt Facility to US$90 million. The company also initiated a capital works program to refurbish its Coal Handling & Processing Plant and submitted a formal request for an extension of its operating period through 2033. These developments are expected to enhance production capabilities and provide financial stability, although the company still faces challenges with net liabilities of $10.8 million.
Australian Pacific Coal Limited has announced changes in the interests of its substantial shareholders. The voting power of Regal Funds Management Pty Limited and its associates has decreased from 10.14% to 8.88%, reflecting a shift in their control over the company’s ordinary shares. This indicates a reduction in the influence that these shareholders have on the company’s voting decisions, potentially impacting strategic directions and stakeholder interests.
Australian Pacific Coal Limited has been served with a legal claim by ZKR Holdings Limited, which demands US$1,800,000, the issuance of unlisted options, and a life of mine royalty. The claim arises from alleged services provided by ZKR and accusations of misleading or deceptive conduct by AQC. AQC intends to contest the claims but acknowledges the potential financial risks involved.
Australian Pacific Coal Limited has reported significant progress in its Dartbrook project, with the first commercial coal railing and ongoing ramp-up of production and stockpiling. The company has seen strong domestic interest in its unwashed coal and plans to ramp up sales as refurbishment of its wash plant continues, aiming for completion in early 2025. Financially, the company has successfully upsized its Senior Debt Facility to US$90 million and completed a A$20 million entitlement offer and placement, providing necessary capital for operations. The Dartbrook JV has secured a Rail and Port Access Agreement, enhancing its operational capabilities.