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Ardea Resources
(Sydney:ARL)
Ardea Resources (ARL) vs. iShares MSCI Australia ETF (EWA)
Ardea Resources Business Overview & Revenue Model
Ardea Resources Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.62M | 3.68M | 322.36K | 75.12K | 22.24K | 146.85K |
| Gross Profit | 3.59M | 3.68M | 322.36K | -163.20K | -118.52K | 54.76K |
| EBITDA | -2.18M | -3.35M | -7.45M | -4.00M | -5.19M | -2.21M |
| Net Income | -1.65M | -3.26M | -7.71M | -4.24M | -5.33M | -2.30M |
Balance Sheet | ||||||
| Total Assets | 143.79M | 125.37M | 59.78M | 47.78M | 50.60M | 36.10M |
| Cash, Cash Equivalents and Short-Term Investments | 11.64M | 14.68M | 14.85M | 10.65M | 22.02M | 5.69M |
| Total Debt | 23.70M | 49.72M | 1.24M | 153.60K | 280.29K | 51.79K |
| Total Liabilities | 28.99M | 57.74M | 4.61M | 1.92M | 1.59M | 812.07K |
| Stockholders Equity | 98.25M | 67.63M | 55.17M | 45.87M | 49.01M | 35.29M |
Cash Flow | ||||||
| Free Cash Flow | -36.57M | -53.39M | -11.63M | -13.31M | -10.34M | -10.14M |
| Operating Cash Flow | -4.23M | -6.12M | -4.14M | -1.37M | -2.07M | -554.67K |
| Investing Cash Flow | -56.28M | -46.98M | -7.49M | -10.00M | -7.28M | -8.40M |
| Financing Cash Flow | 58.86M | 52.93M | 15.83M | -5.00K | 25.68M | 4.64M |
Ardea Resources Technical Analysis
Ardea Resources Peers Comparison
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% | |
52 Neutral | AU$320.68M | -12.15 | -20.60% | ― | ― | 7.28% | |
49 Neutral | $93.63M | -2.96 | -8.61% | ― | ― | 42.69% | |
47 Neutral | AU$416.83M | -3.61 | -12.73% | ― | 2.00% | 8.82% | |
46 Neutral | AU$62.82M | -27.51 | ― | ― | ― | 54.26% | |
46 Neutral | AU$1.57B | -1.72 | -84.61% | ― | 149.43% | 1.20% | |
44 Neutral | AU$128.60M | -13.89 | -5.35% | ― | ― | 58.54% |
Ardea Resources Corporate Events
Ardea Resources has secured binding commitments for a A$5 million share placement to professional and sophisticated investors at A$0.60 per share and is launching a A$2 million share purchase plan for eligible shareholders on the same terms. The funds will bolster working capital as the company finalises the fully funded Definitive Feasibility Study for the KNP Goongarrie Hub, advances approvals and pre-commitment activities, and assesses the Kalpini Hub, strengthening its position as nickel sentiment and demand improve.
The placement will issue 8,333,334 new shares under Ardea’s ASX Listing Rule 7.1A capacity at an 11.8% discount to the last closing price, with settlement expected on 9 March 2026 and trading to commence the following day. The SPP, targeting A$2 million with flexibility for oversubscriptions and scale-backs, will run from 11 to 30 March 2026, providing existing investors the opportunity to participate in funding that underpins Ardea’s progress with consortium partners on the KNP Goongarrie Hub and related development milestones.
The most recent analyst rating on (AU:ARL) stock is a Sell with a A$0.64 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.
Ardea Resources has requested and been granted a trading halt on its securities by the ASX, with the suspension to remain in place until either the release of a pending announcement or the commencement of normal trading on 3 March 2026. The halt is specifically linked to the imminent release of results from an equity raising, signaling that the company is undertaking a capital-raising initiative that could affect its funding position and near-term strategic options for project development and operations.
ASX Compliance confirmed the halt under Listing Rule 17.1 after receiving the company’s formal request, with Ardea stating it is unaware of any reason the pause should not be granted. The equity raising outcome is likely to be closely watched by investors as it may influence the company’s balance sheet strength, dilution for existing shareholders, and its capacity to progress resource projects in a competitive capital market environment.
The most recent analyst rating on (AU:ARL) stock is a Sell with a A$0.64 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.
Ardea Resources has released its interim financial report for the half-year ended 31 December 2025, intended to be read alongside its June 2025 annual report and prior market disclosures under continuous disclosure obligations. The document confirms the company’s current governance, audit, and share registry arrangements, reinforcing its compliance and operational structure as an ASX-listed entity.
The report highlights Ardea’s established corporate infrastructure, including its registered office in West Perth, appointed auditor Dry Kirkness, and share registry services provided by Automic Group. These details underscore the company’s adherence to regulatory requirements and support transparency for investors tracking its half-year financial performance and corporate oversight.
The most recent analyst rating on (AU:ARL) stock is a Sell with a A$0.64 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.
Ardea Resources’ joint venture vehicle, Kalgoorlie Nickel Pty Ltd, has secured conditional, non-binding financing support indications of up to roughly AUD 1 billion equivalent from Export Finance Australia and the Export-Import Bank of the United States to advance development of its Goongarrie Hub nickel-cobalt project in Western Australia. The backing, provided via EFA’s Letter of Support for up to AUD 500 million and EXIM’s Letter of Interest for up to USD 350 million under its Supply Chain Resiliency Initiative, underscores the project’s strategic importance to Australian and U.S. critical minerals priorities and the push to bolster secure supply chains for battery and electric vehicle materials, although final funding remains subject to extensive due diligence and regulatory approvals under the agencies’ coordinated Single Point of Entry framework.
The most recent analyst rating on (AU:ARL) stock is a Hold with a A$0.66 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.
Ardea Resources reported steady progress on its Kalgoorlie Nickel Project – Goongarrie Hub during the December 2025 quarter, highlighting the Australian Federal Government’s renewal of Major Project Status for a further three years and reaffirming the project’s strategic importance as a critical minerals development. The company ended the period with $11.6 million in cash, no debt, and its A$98.5 million Definitive Feasibility Study fully funded by a Japanese consortium led by Sumitomo Metal Mining and Mitsubishi, while advancing resource estimation, hydrogeological work, environmental and heritage surveys, and metallurgical testwork, keeping the study on track for completion in the first half of 2026 and strengthening Ardea’s positioning in the global nickel‑cobalt supply chain.
The most recent analyst rating on (AU:ARL) stock is a Hold with a A$0.66 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.
Ardea Resources Limited announced the cessation of 112,200 performance rights due to the lapse of conditional rights, as the conditions for these securities were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s operational adjustments and strategic focus in maintaining its market position.
The most recent analyst rating on (AU:ARL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.
Ardea Resources Limited has announced the quotation of 401,200 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of December 15, 2025. This move indicates the company’s ongoing efforts to enhance its financial flexibility and potentially expand its operations, which could strengthen its position in the mineral resources sector and provide value to its stakeholders.
The most recent analyst rating on (AU:ARL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.
Ardea Resources has provided an update on the Definitive Feasibility Study (DFS) for its Kalgoorlie Nickel Project’s Goongarrie Hub, which is on track for completion in the first half of 2026. The DFS has confirmed several design changes, including the removal of the Atmospheric Leach Circuit and optimization of the High Pressure Acid Leach (HPAL) process, expected to enhance recovery rates and reduce environmental impact. The project will now focus on producing Mixed Sulphide Precipitate (MSP) instead of Mixed Hydroxide Precipitate (MHP), offering improved market flexibility and payability. These developments underscore the project’s strategic importance, as highlighted by its renewed Major Project Status by the Australian Federal Government.
The most recent analyst rating on (AU:ARL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.