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Aquirian Limited
(Sydney:AQN)
Aquirian Limited (AQN) vs. iShares MSCI Australia ETF (EWA)
Aquirian Limited Business Overview & Revenue Model
Aquirian Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.01M | 26.01M | 23.07M | 26.16M | 17.43M | 12.46M |
| Gross Profit | 4.50M | 4.50M | 13.10M | 15.62M | 9.97M | 2.03M |
| EBITDA | -914.70K | -914.70K | 2.06M | 3.59M | 2.75M | 1.74M |
| Net Income | -3.41M | -3.41M | -649.00K | 546.82K | 558.15K | 623.36K |
Balance Sheet | ||||||
| Total Assets | 34.54M | 34.54M | 33.38M | 25.72M | 22.97M | 8.40M |
| Cash, Cash Equivalents and Short-Term Investments | 6.85M | 6.85M | 4.73M | 3.32M | 7.99M | 1.69M |
| Total Debt | 15.10M | 15.10M | 16.07M | 9.30M | 7.07M | 1.74M |
| Total Liabilities | 21.75M | 21.75M | 22.12M | 13.73M | 11.92M | 5.98M |
| Stockholders Equity | 12.79M | 12.79M | 11.27M | 11.99M | 11.05M | 2.42M |
Cash Flow | ||||||
| Free Cash Flow | -1.68M | -1.68M | 3.06M | -4.98M | -1.33M | 465.41K |
| Operating Cash Flow | 1.16M | 1.16M | 6.79M | 793.75K | 2.10M | 1.25M |
| Investing Cash Flow | -2.46M | -2.46M | -2.27M | -5.65M | -6.07M | -1.19M |
| Financing Cash Flow | 3.41M | 3.41M | -3.12M | 184.28K | 10.28M | -156.35K |
Aquirian Limited Technical Analysis
Aquirian Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €33.60M | 8.91 | 17.38% | 0.67% | -8.28% | 89.71% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | AU$15.19M | 20.63 | 6.19% | ― | -6.52% | -20.79% | |
54 Neutral | AU$40.09M | -2.57 | ― | ― | -32.52% | -300.55% | |
53 Neutral | AU$35.55M | ― | -16.00% | ― | 11.53% | 46.15% | |
50 Neutral | AU$49.79M | -11.78 | -28.36% | ― | 12.74% | -392.59% | |
45 Neutral | ― | ― | 6.09% | ― | -23.90% | 50.00% |
Aquirian Limited Corporate Events
Aquirian Limited has announced the appointment of Tanya Rybarczyk as a Non-Executive Director, effective December 1, 2025. With over 30 years of experience in finance and strategic roles, including senior positions at Wesfarmers and Dyno Nobel Ltd, Rybarczyk brings valuable expertise in finance, strategy, manufacturing, and commercialization to Aquirian’s board. Her appointment is expected to bolster the company’s execution of its Full Potential strategy, enhancing its industry positioning and operational capabilities.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited has completed a strategic review of its Wubin Energetics Precinct and signed a non-binding framework agreement with Hongda Civil Blasting Group to form a 50:50 joint venture. This collaboration aims to establish an automated electronic detonator manufacturing facility, enhancing Aquirian’s market presence and supply chain security. The joint venture will leverage Hongda’s advanced technology and manufacturing expertise, potentially producing up to 10 million detonators annually. This initiative is part of Aquirian’s ‘Full Potential’ growth strategy, which also includes expanding storage capabilities and entering a joint venture to integrate drilling and blasting services, thereby strengthening its industry positioning and supporting local manufacturing capabilities.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited announced the successful passage of all resolutions at its Annual General Meeting, with Resolutions 5 and 6 passed as special resolutions. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives, potentially enhancing its market position and operational capabilities.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited has announced that Ms. Alexandra Atkins has ceased to be a director of the company as of October 27, 2025. This change in the board of directors may impact the company’s governance and strategic direction, although no specific implications for stakeholders have been detailed in the announcement.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited announced a change in the interests of its director, David Kelly, involving the disposal of 2,995,175 ordinary shares valued at $1,287,925.25. This transaction reflects a significant adjustment in Kelly’s holdings, reducing his direct ownership to 3,004,825 ordinary shares while maintaining his indirect holdings and performance rights. The announcement highlights a strategic financial decision that may impact the company’s market perception and stakeholder confidence.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited has issued a cleansing notice under section 708A of the Corporations Act 2001, indicating that the securities were issued without disclosure to investors. The company confirms compliance with relevant provisions of the Act and states there is no excluded information that investors would expect in a disclosure document. This announcement underscores Aquirian’s commitment to regulatory compliance and transparency, potentially reinforcing stakeholder confidence in its operations.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited has announced the quotation of 5,200,000 new ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code AQN. This issuance is part of a previously announced transaction, and it reflects the company’s ongoing efforts to expand its market presence and enhance its financial flexibility.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited has announced a strategic partnership with Topgroup, involving a $2.3 million placement and a non-binding Memorandum of Understanding to form a 50:50 joint venture named Drillforce WA. This collaboration aims to integrate Aquirian’s technology and supply chain with Topgroup’s operational expertise to deliver comprehensive drill and blast services. The partnership is expected to enhance Aquirian’s market position by leveraging existing assets and technology, offering a low CAPEX growth model, and applying its proprietary Collar Keeper® System across Topgroup’s new drill fleet. The funds from the placement will be used to accelerate the commercialization of Aquirian’s technology portfolio.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited has issued a cleansing notice under section 708A of the Corporations Act, indicating that the company’s securities were issued without disclosure to investors under Part 6D.2 of the Act. The notice confirms that Aquirian is in compliance with relevant provisions of the Corporations Act and that there is no excluded information that investors would expect in a disclosure document. This announcement reflects Aquirian’s adherence to regulatory requirements, potentially impacting investor confidence and transparency in its operations.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited reported a 16.7% increase in revenue, reaching $8.4 million, and highlighted progress in its strategic initiatives, including the approval of the Wubin emulsion upgrade licence and the initiation of its first full down-hole service. The company is advancing its technology offerings with the completion of the production-ready Automated Collar Keeper® System and is designing an upgraded version to meet growing demand. The appointment of a new General Manager – Commercial aims to drive the company’s strategy in energetics and technology, with a focus on expanding partnerships in the Latin American market. These developments are expected to enhance Aquirian’s operational capabilities and market positioning.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited announced the retirement of Ms. Alexandra Atkins from its Board, effective 27 October 2025. Ms. Atkins, who has been an Independent Non-Executive Director and Chair of the Risk Committee, has significantly contributed to the company’s governance and strategic oversight since its ASX listing. Her departure allows her to focus on her PhD studies. The board expressed gratitude for her extensive expertise in corporate governance and risk management, which has been instrumental in shaping the company’s processes.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited announced the cessation of 1,986,546 performance rights due to unmet or unachievable conditions. This cessation may impact the company’s capital structure and could have implications for stakeholders, particularly in terms of the company’s future financial strategies and market positioning.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement, approved by the board, details the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, indicating a commitment to transparency and accountability in its management and oversight practices.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited, an entity listed on the ASX, has released its annual financial report for the year ended 30 June 2025. The company reported a 12.6% increase in revenues from ordinary activities, reaching $26,073,235. However, EBITDA from ordinary activities decreased by 41.3% to $1,582,302, and the loss from ordinary activities after tax significantly increased by 425.7% to $3,411,903. The company did not declare any dividends during or after the financial year, indicating potential financial challenges.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
Aquirian Limited’s subsidiary, TBS Mining Solutions, has signed a binding term sheet with Papyrus Australia Limited to manufacture biodegradable Collar Keeper® products. This agreement, valued at approximately $4.2 million over three years, aims to enhance blast preparation efficiency and sustainability in mining operations by eliminating plastic waste. The manufacturing will occur at Papyrus’s facility in Adelaide, expected to be operational by Q4 FY26. This development aligns with Aquirian’s commitment to sustainable innovation and positions the company as a leader in responsible blasthole quality management.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.