Top Page
Arafura Resources
(Sydney:ARU)
Arafura Resources (ARU) vs. iShares MSCI Australia ETF (EWA)
Arafura Resources Business Overview & Revenue Model
Arafura Resources Earnings Call Summary
Arafura Resources Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -8.14M | -18.27M | -77.90K | -577.03K | -318.57K | -280.40K |
| EBITDA | -19.48M | -19.74M | -92.51M | -95.80M | -35.23M | -6.25M |
| Net Income | -19.24M | -19.24M | -100.97K | -96.38M | -35.56M | -6.48M |
Balance Sheet | ||||||
| Total Assets | 155.85M | 155.85M | 170.09M | 259.53M | 143.32M | 125.53M |
| Cash, Cash Equivalents and Short-Term Investments | 27.18M | 27.18M | 42.17M | 128.85M | 24.68M | 10.79M |
| Total Debt | 237.62K | 237.62K | 749.53K | 1.64M | 474.22K | 190.90K |
| Total Liabilities | 6.59M | 6.59M | 25.98M | 44.63M | 10.95M | 3.51M |
| Stockholders Equity | 149.26M | 149.26M | 144.11M | 214.90M | 132.37M | 122.02M |
Cash Flow | ||||||
| Free Cash Flow | -37.92K | -37.93M | -112.06M | -71.70M | -31.46M | -12.90M |
| Operating Cash Flow | -34.92K | -34.92M | -109.04M | -69.40M | -27.16M | -5.27M |
| Investing Cash Flow | -2.74M | -2.74M | -3.82M | -4.05M | -3.91M | -6.82M |
| Financing Cash Flow | 22.68M | 22.68M | 26.35M | 177.56M | 44.96M | 105.11K |
Arafura Resources Technical Analysis
Arafura Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$225.48M | -11.13 | -3.24% | 1.54% | 14.64% | -213.25% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$680.63M | -37.65 | -7.50% | ― | ― | 51.47% | |
53 Neutral | AU$477.16M | -31.54 | -179.67% | ― | -100.00% | -6.00% | |
51 Neutral | AU$421.64M | 3.12 | 145.87% | ― | 45.56% | ― | |
50 Neutral | $1.12B | -29.27 | -13.10% | ― | ― | 82.10% | |
44 Neutral | AU$391.80M | -13.38 | -45.39% | ― | ― | -91.89% |
Arafura Resources Corporate Events
Arafura Rare Earths has significantly strengthened its balance sheet and project delivery capacity in the December quarter, raising A$475 million through a two‑tranche placement and A$6.4 million via a share purchase plan, ending the period with A$571 million in cash. The company advanced key funding and strategic initiatives for its Nolans Project, including progress toward securing remaining cornerstone investors, appraisal completion by the German Raw Materials Fund for a potential €50 million equity investment, and support under the new Australia–US Critical Minerals Framework, where it was named one of only two priority projects and received conditional equity backing from Export Finance Australia and a non‑binding financing indication from US EXIM; together with the appointment of Hatch as preferred EPCM contractor, these steps materially de‑risk execution and position Arafura to reach a final investment decision in the coming months.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has scheduled an investor call on 29 January 2026, to be led by Managing Director and CEO Darryl Cuzzubbo and Chief Financial Officer Peter Sherrington, to discuss the company’s quarterly activities report for the period ending 31 December 2025. The briefing underscores the company’s ongoing engagement with investors and the market, providing stakeholders with an opportunity to hear management’s update on recent operational and financial performance and to gain further insight into Arafura’s positioning in the rare earths sector.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Mitsubishi UFJ Financial Group has filed a notice that it has ceased to be a substantial shareholder in Arafura Rare Earths Ltd, following a series of transactions conducted on 17 December 2025 by entities controlled by Morgan Stanley. The activity included multiple purchases and significantly larger sales of Arafura fully paid ordinary shares, as well as the return of borrowed stock, collectively reducing Mitsubishi UFJ’s voting interest below the substantial holding threshold and signaling a notable shift in the company’s institutional investor base.
The most recent analyst rating on (AU:ARU) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Morgan Stanley and its subsidiaries have notified Arafura Rare Earths Ltd that they have ceased to be a substantial holder in the company as of 17 December 2025. The change follows a series of transactions on that date, including significant sales of Arafura ordinary shares and the return of borrowed stock, which collectively reduced Morgan Stanley’s relevant interest below the substantial holding threshold and may alter the company’s institutional shareholder mix and trading dynamics.
The most recent analyst rating on (AU:ARU) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd announced a change in the director’s interest, with Mark Southey acquiring additional shares through a Share Purchase Plan approved by shareholders. This acquisition reflects a strategic move to strengthen the director’s stake in the company, potentially indicating confidence in the company’s future prospects and aligning with shareholder interests.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd announced the cessation of 36,285,574 performance rights, which were canceled by agreement between the company and the holder. This move may impact the company’s capital structure and could have implications for its stakeholders, reflecting a strategic decision in its operational management.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd announced the quotation of 23,119,844 ordinary fully paid securities on the ASX, effective December 15, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the availability of its shares.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited announced the results of its Share Purchase Plan (SPP), which closed on December 9, 2025, raising a total of $7.1 million from 748 applications. The company will issue approximately 23.1 million new shares and has raised a total of $481.4 million from the SPP and a prior placement, focusing on securing the remaining funding for the Nolans Project.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd announced the quotation of 1,255,859,790 ordinary fully paid securities on the ASX, as part of a previously announced transaction. This move is expected to enhance the company’s market presence and liquidity, potentially impacting its operational capabilities and stakeholder interests positively.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has issued over 1.25 billion new fully paid ordinary shares as part of Tranche 2 of a placement announced in October 2025. This strategic move is expected to enhance the company’s capital base, potentially strengthening its position in the rare earths market and providing further opportunities for growth and development.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has successfully completed Tranche 2 of its A$475 million placement, raising approximately A$351.6 million through the issuance of over 1.25 billion new shares to institutional and sophisticated investors. This follows the earlier completion of Tranche 1 and is part of a broader capital raising strategy that includes a share purchase plan targeting an additional A$50 million, aimed at enhancing retail investor participation. The completion of this placement strengthens Arafura’s financial position, potentially boosting its capacity to advance its projects and solidify its standing in the rare earths market.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited announced that all resolutions proposed at their General Meeting on December 5, 2025, were successfully passed by shareholder poll. This outcome reflects strong shareholder support for the company’s strategic initiatives, including the ratification and issuance of shares under various tranches and plans, which are likely to bolster the company’s capital structure and support its ongoing projects.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has announced its upcoming General Meeting scheduled for December 5, 2025, at BDO Australia’s offices in Perth. This meeting provides an opportunity for shareholders to engage with the company’s leadership and discuss strategic directions, potentially impacting the company’s operational focus and stakeholder interests.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited announced that Export Development Canada has extended its credit approval for a US$300 million lending commitment, maintaining the terms of the original funding agreement. This development supports the company’s financial strategy for the Nolans Project, with all lender credit approvals remaining valid, and ING providing additional support ahead of a Final Investment Decision, indicating strong backing for Arafura’s strategic initiatives.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has released its sustainability report for FY2025, detailing its contributions to sustainable development and responsible business practices. The report highlights the company’s commitment to environmental management, climate change, health and safety, and indigenous partnerships, aligning with its sustainability elements and the GRI Standards framework. This release underscores Arafura’s strategic focus on sustainability, which is crucial for its operations and stakeholder engagement in the rare earths sector.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited presented at the Minerals Security Partnership meeting in Brussels, emphasizing the importance of their Nolans Rare Earth Project in establishing a reliable and ESG-compliant global supply chain for rare earths. This initiative aligns with the goals of 14 countries and the European Union to ensure a stable supply of these critical minerals, potentially enhancing Arafura’s industry positioning and stakeholder value.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has announced an Extraordinary General Meeting for its shareholders, scheduled for December 5, 2025, in Perth, Australia. Shareholders are encouraged to participate either in person or by proxy, and to submit questions related to the meeting’s resolutions. This meeting is a significant event for stakeholders as it provides an opportunity for shareholder engagement and decision-making on company matters.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has announced a General Meeting to be held on December 5, 2025, where shareholders will consider resolutions related to the ratification and issuance of shares under two tranches of a placement. The first resolution seeks approval for the ratification of 440,568,781 shares issued to sophisticated and institutional investors, while the second resolution proposes the issuance of up to 1,255,859,790 shares. These actions are aimed at strengthening the company’s financial position and supporting its strategic initiatives in the rare earths market.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has launched a Share Purchase Plan (SPP) to raise A$50 million, with the potential to accept an additional A$20 million in oversubscriptions. The SPP offers eligible shareholders the opportunity to purchase new shares at a discounted price, aiming to strengthen the company’s financial position and support its ongoing projects. This initiative could enhance Arafura’s market positioning by providing the necessary capital to advance its operations, potentially benefiting stakeholders through increased company value and project development.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has announced a share purchase plan (SPP) to raise $50 million, with the potential to accept oversubscriptions up to an additional $20 million. This move aims to strengthen the company’s financial position and support its ongoing operations, although the offers are not underwritten and are subject to shareholder approval. The initiative reflects the company’s strategic efforts to enhance its market positioning and operational capabilities in the competitive rare earths sector.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd has announced an update regarding the proposed issue of securities, in compliance with ASX Guidance Note 30. This update involves the company’s application for the quotation of securities offered under the Securities Purchase Plan (SPP) prospectus. The move is expected to align with regulatory requirements and potentially enhance the company’s market positioning by increasing its capital base.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited announced that it has been granted a waiver from ASX Listing Rule 7.3.9, allowing the company to proceed with its Share Purchase Plan (SPP) without excluding votes from shareholders who may participate in the SPP. This waiver ensures that eligible shareholders can vote on the resolution to approve the issuance of new shares under the SPP, which is part of a broader capital raising initiative. The decision is significant as it prevents a large portion of shareholders from being disenfranchised, thereby supporting the company’s efforts to raise capital effectively.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.