Askari Metals Limited (AU:AS2)
ASX:AS2
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Askari Metals Limited
(Sydney:AS2)
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Rating:46Neutral
Price Target:
AU$0.01
â–²(0.00% Upside)
Action:ReiteratedDate:02/18/26
The score is primarily held back by weak financial quality: despite rapid revenue growth, the company remains unprofitable with negative ROE and pressured cash flows. Technical indicators add a neutral-to-soft backdrop (negative MACD, mid-range RSI), and valuation is constrained by losses (negative P/E) with no dividend yield data.
Positive Factors
Revenue Growth
A very large reported revenue increase signals meaningful expansion of commercial activity or successful project milestones. Over 2–6 months this supports scaling benefits and provides a larger base for margins to improve if management sustains cost control and converts top-line growth into operating leverage.
Negative Factors
Profitability Weakness
Despite rapid revenue expansion, persistent negative EBIT and net margins and a negative ROE show the company is not yet generating shareholder returns. Over months this limits internal capital formation, increases dependence on external funding, and challenges long-term value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A very large reported revenue increase signals meaningful expansion of commercial activity or successful project milestones. Over 2–6 months this supports scaling benefits and provides a larger base for margins to improve if management sustains cost control and converts top-line growth into operating leverage.
Read all positive factors
Askari Metals Limited (AS2) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.70M
Dividend YieldN/A
Average Volume (3M)6.90M
Price to Earnings (P/E)―
Beta (1Y)0.47
Revenue GrowthN/A
EPS Growth27.01%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding770,393,800
10 Day Avg. Volume2,416,458
30 Day Avg. Volume6,904,555
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.17
Price to Sales (P/S)34.58
P/FCF Ratio-0.38
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
Askari Metals Limited Business Overview & Revenue Model
Company Description
Askari Metals Limited engages in the acquisition, exploration, and development of lithium, copper, gold, and copper-gold projects in Western Australia, Northern Territory, and New South Wales. The company holds a 100% interest in the Yarrie lithiu...
How the Company Makes Money
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Askari Metals Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.30K | 30.33K | 11.65K | 20.68K | 0.00 | 0.00 |
| Gross Profit | 24.87K | 30.33K | 11.65K | -217.23K | -52.59K | 0.00 |
| EBITDA | -5.43M | -6.81M | -4.81M | -5.59M | -2.19M | -370.54K |
| Net Income | -5.24M | -7.14M | -5.18M | -6.21M | -2.25M | -370.54K |
Balance Sheet | ||||||
| Total Assets | 10.64M | 7.79M | 11.33M | 12.29M | 7.27M | 6.67M |
| Cash, Cash Equivalents and Short-Term Investments | 2.52M | 24.66K | 221.84K | 3.46M | 4.35M | 5.80M |
| Total Debt | 635.08K | 819.93K | 850.22K | 55.79K | 92.98K | 23.75K |
| Total Liabilities | 2.31M | 1.62M | 2.21M | 1.29M | 383.22K | 632.86K |
| Stockholders Equity | 8.33M | 6.17M | 9.13M | 11.00M | 6.89M | 6.04M |
Cash Flow | ||||||
| Free Cash Flow | -1.38M | -2.79M | -4.99M | -6.40M | -3.53M | -250.00K |
| Operating Cash Flow | -1.57M | -2.50M | -2.49M | -4.15M | -1.87M | -146.03K |
| Investing Cash Flow | -210.50K | -172.91K | -2.50M | -2.23M | -1.82M | -114.98K |
| Financing Cash Flow | 3.58M | 2.47M | 1.76M | 5.50M | 2.23M | 6.06M |
Askari Metals 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% | |
49 Neutral | AU$9.19M | -0.43 | -104.33% | ― | -100.00% | 80.33% | |
46 Neutral | AU$7.70M | -0.57 | -72.25% | ― | ― | 27.01% | |
45 Neutral | AU$2.19M | -0.93 | -30.29% | ― | ― | ― | |
44 Neutral | AU$5.78M | -1.29 | -22.16% | ― | ― | 29.31% | |
44 Neutral | AU$5.22M | -0.72 | -171.67% | ― | ― | 30.99% | |
43 Neutral | AU$4.11M | -3.17 | -18.79% | ― | ― | -164.12% |
* Basic Materials Sector Average
AU:AS2
Askari Metals Limited
0.01
0.00
0.00%
AU:GCR
Golden Cross Resources Ltd
0.01
0.00
0.00%
AU:AVW
Avira Resources Ltd
0.01
<0.01
10.00%
AU:DUN
Dundas Minerals Limited
0.05
0.02
88.00%
AU:M3M
M3 Mining Ltd.
0.03
-0.02
-37.50%
AU:OCT
Octava Minerals Ltd.
0.04
0.00
0.00%
Askari Metals Limited Corporate Events
Askari Metals Releases Half-Year Financial Report for December 2025
Mar 16, 2026
Askari Metals Limited has released its half-year financial report for the period ended 31 December 2025, providing investors with an overview of its financial performance, position and cash flows. The report includes the directors’ report, a...
Askari Metals retracts gold risk claim as it prepares JORC-compliant drilling at Nejo
Feb 23, 2026
Askari Metals has issued a clarification regarding historical exploration results and statements made in a recent presentation tied to its Nejo Gold and Copper Project in Ethiopia. The company reaffirmed the accuracy of previously released histori...
Askari Metals targets investors at Mining Indaba and 121 Cape Town events
Feb 9, 2026
Askari Metals will send senior board and management representatives to key investor and industry events in Cape Town in February 2026, including Mining Indaba and 121 Mining Investment. Executive Director Gino D’Anna will meet with investors...
Askari Metals Clarifies Quarterly Tenement Moves and Confirms Historical Data
Feb 4, 2026
Askari Metals issued an addendum to its December quarter report detailing compliance with ASX listing rules by disclosing eight Western Australian tenement disposals, three Ethiopian acquisitions via a 100%-owned vehicle, and its broader tenement ...
Askari Metals Issues New Shares and Confirms Compliance With Disclosure Rules
Feb 3, 2026
Askari Metals has completed a share issue of 1,333,334 fully paid ordinary shares and confirmed that the issuance was conducted without a prospectus under the relevant Corporations Act provisions. The company has stated it is in full compliance wi...
Askari Metals Explains Late Director Notice After Inadvertent Listing Rule Breach
Feb 2, 2026
Askari Metals has responded to an ASX query regarding the late lodgement of an Appendix 3Y relating to director Mr Holland’s participation in a December 2025 equity placement, which had resulted in an inadvertent breach of Listing Rule 10.11...
Askari Metals Applies for Quotation of 1.33 Million New Shares on ASX
Jan 29, 2026
Askari Metals Limited has lodged an application with the ASX for the quotation of 1,333,334 new ordinary fully paid shares, issued on 29 January 2026. The shares arise pursuant to a deed of variation relating to redeemable notes held by an investo...
Askari Metals Targets Maiden Resource at Ethiopian Gold-Copper Project After Funding Boost
Jan 28, 2026
Askari Metals has outlined a busy near-term exploration program centred on its Nejo Gold and Copper Project in Ethiopia, where it has defined multiple drill-ready targets along two major mineralised trends and plans a maiden 5,000m drilling campai...
Askari Metals Director Martin Holland Boosts Indirect Stake via Placement
Jan 16, 2026
Askari Metals director Martin Holland has increased his indirect stake in the company through Holland International Pty Ltd, subscribing to 10 million fully paid ordinary shares at an issue price of $0.01 each in a placement. As part of the same t...
ASX Probes Askari Metals Over Capital Raising, Director Interests and Rule 10.11 Breach
Jan 16, 2026
Askari Metals Limited has received a query letter from ASX concerning its recent capital raising and governance disclosures, including a non-renounceable entitlement offer and associated oversubscriptions used to fund exploration at its Nejo proje...
SBC Global Investment Fund Ceases to Be Substantial Holder in Askari Metals
Jan 9, 2026
SBC Global Investment Fund has filed a notice that it has ceased to be a substantial shareholder in Askari Metals Limited, following a dilution of its voting power due to the issue of additional shares by the company. The change involves no consid...
Askari Metals Clears Debt to Fast-Track Exploration at Nejo and Uis Projects
Jan 6, 2026
Askari Metals has fully repaid its convertible note facility with Lawson Mining Pty Ltd and all remaining Series B redeemable notes, leaving the company debt-free with a clean capital structure and strong cash position. This strengthened balance s...
Askari Metals Flags Allotment Error After Completing 120 Million Share Issue
Dec 31, 2025
Askari Metals has confirmed the completion of a 120 million share issue and notified investors that the securities were issued without a prospectus under the Corporations Act’s cleansing provisions, while affirming its compliance with key fi...
Askari Metals Corrects Nejo Exploration Update With Full JORC Disclosures
Dec 29, 2025
Askari Metals has issued a corrective and supplementary announcement regarding its 12 December 2025 exploration update on the Nejo Gold and Copper Project, after the initial release omitted required JORC (2012) Table 1 and 2 disclosures and a summ...
Askari Metals Seeks ASX Quotation for 120 Million New Shares
Dec 28, 2025
Askari Metals Limited has applied for quotation of 120 million new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 22 December 2025. The sizeable new share quotation, lodged as a new announcement under ASX A...
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.