Top Page
Australian Vanadium
(Sydney:AVL)
Australian Vanadium (AVL) vs. iShares MSCI Australia ETF (EWA)
Australian Vanadium Business Overview & Revenue Model
Australian Vanadium Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 624.00K | 624.00K | 0.00 | 30.50K | -34.33K | 34.33K |
| Gross Profit | -2.86M | -48.00K | -630.00K | -3.02M | -2.13M | -960.50K |
| EBITDA | -11.37M | -11.78M | -14.26M | -6.83M | -4.92M | -2.99M |
| Net Income | -11.91M | -11.91M | -15.20M | -7.24M | -5.04M | -3.14M |
Balance Sheet | ||||||
| Total Assets | 143.50M | 143.50M | 170.33M | 77.43M | 64.33M | 33.55M |
| Cash, Cash Equivalents and Short-Term Investments | 11.49M | 11.49M | 36.42M | 26.87M | 26.44M | 3.50M |
| Total Debt | 2.53M | 2.53M | 2.05M | 1.87M | 32.31K | 77.18K |
| Total Liabilities | 13.62M | 13.62M | 29.39M | 16.94M | 3.80M | 2.16M |
| Stockholders Equity | 129.88M | 129.88M | 140.95M | 60.49M | 60.53M | 31.40M |
Cash Flow | ||||||
| Free Cash Flow | -21.92M | -30.51M | -14.96M | -17.34M | -12.43M | -7.87M |
| Operating Cash Flow | -13.12M | -13.54M | -8.66M | -6.58M | -4.42M | -2.98M |
| Investing Cash Flow | -12.15M | -10.97M | 3.22M | -350.49K | -4.98M | -3.59M |
| Financing Cash Flow | -413.00K | -413.00K | 14.99M | 7.36M | 32.35M | 4.52M |
Australian Vanadium Technical Analysis
Australian Vanadium 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% | |
50 Neutral | AU$363.15M | -34.95 | -27.95% | ― | ― | -43.08% | |
49 Neutral | AU$71.14M | -22.11 | -100.11% | ― | ― | -26.67% | |
48 Neutral | AU$82.61M | -4.33 | -103.22% | ― | ― | -278.88% | |
45 Neutral | AU$83.15M | -14.47 | ― | ― | ― | 54.26% | |
45 Neutral | AU$14.78M | -5.48 | -14.33% | ― | ― | ― | |
44 Neutral | AU$86.70M | -7.25 | -8.61% | ― | ― | 42.69% |
Australian Vanadium Corporate Events
Australian Vanadium Limited has welcomed the Western Australian Government’s revised royalty framework for vanadium, which introduces a flat 2.5% royalty rate on vanadium products from 4 February 2026 while keeping vanadium electrolyte production royalty-free. The new settings are expected to reduce fiscal uncertainty for the company’s Australian Vanadium Project and support the economics of downstream processing and manufacturing, with the impact to be incorporated into its Optimisation Feasibility Study. The policy shift forms part of broader state initiatives to promote critical minerals and long-duration energy storage, including support for vanadium flow battery deployment, and aligns with Australian Vanadium’s strategy to build a vertically integrated local vanadium battery supply chain, as evidenced by its recent expression of interest for a proposed utility-scale vanadium battery energy storage system in Kalgoorlie.
The most recent analyst rating on (AU:AVL) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.
Australian Vanadium and its subsidiary VSUN Energy have lodged an Expression of Interest with the Western Australian Government for the proposed Kalgoorlie Vanadium Battery Energy Storage System, a 50 MW, 10-hour vanadium flow battery project backed by $150 million in state funding. The submission leverages AVL’s vertically integrated capabilities, including its advanced Australian Vanadium Project in the Mid West, operation of WA’s only vanadium electrolyte manufacturing facility, and its modular utility-scale Project Lumina battery architecture, positioning the company as a strong contender to support the state’s goals of enhancing energy security in the Goldfields, building a domestic vanadium supply chain and creating skilled jobs in the region.
The most recent analyst rating on (AU:AVL) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.
Australian Vanadium advanced its Optimised Feasibility Study for the Australian Vanadium Project during the December 2025 quarter, with engineering, cost estimation, test work and financial modelling largely complete and an updated mineral resource and final study targeted for early 2026. Regulatory momentum also improved, with key amendments approved under Western Australia’s Environmental Protection Act and submission of a revised Environmental Review Document, supporting the pathway to full environmental approvals. In its midstream operations, the company progressed plans to expand its Perth vanadium electrolyte manufacturing facility, aligning design and economics with expected demand and potential participation in large‑scale projects such as the Western Australian Government’s proposed Kalgoorlie Vanadium Battery Energy Storage System, while reinforcing its role in global vanadium flow battery standards and industry forums. Downstream, VSUN Energy continued development of Project Lumina, a turnkey utility‑scale vanadium flow battery system designed for Australian market conditions, positioning AVL to respond to the state government’s 50 MW/500 MWh Kalgoorlie VBESS expression of interest using its integrated ‘pit‑to‑battery’ platform and local electrolyte production. Corporate strength was underpinned by a further $4.9 million Modern Manufacturing Initiative grant milestone and $2.55 million in R&D tax incentive receipts, completion of a 25:1 share consolidation to improve capital structure, and a cash balance of $18.1 million at quarter end, enhancing AVL’s capacity to advance feasibility work and downstream growth initiatives.
The most recent analyst rating on (AU:AVL) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.
Australian Vanadium Limited (AVL) has secured approvals from the Western Australian Environmental Protection Authority (EPA) for amendments to its Environmental Review Document and Ministerial Statement, reflecting the integration of AVL’s vanadium project with the neighboring Gabanintha Vanadium Project. The merger has consolidated resources from both projects, optimizing operations and creating one of the largest vanadium development projects globally. These approvals mark a significant milestone that aligns environmental approvals with the project’s integrated framework, simplifying pathways toward investment readiness. The project aims to bolster AVL’s positioning within the global vanadium market, providing opportunities for stakeholders while advancing progress toward final approvals by early 2026.
The most recent analyst rating on (AU:AVL) stock is a Buy with a A$1.39 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.
Australian Vanadium Limited has completed a share consolidation on a 25-for-1 basis, as approved in their recent Annual General Meeting. This move is expected to streamline the company’s capital structure, potentially enhancing its market appeal and operational efficiency. The consolidation will see normal settlement trading of securities on a consolidated basis begin on 3 December 2025.
The most recent analyst rating on (AU:AVL) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.
Australian Vanadium Limited has announced its intention to submit an Expression of Interest for the Kalgoorlie Vanadium Battery Energy Storage System project, backed by a $150 million funding commitment from the Western Australian Government. This project aims to enhance energy security and stimulate local economic growth by establishing a domestic vanadium supply chain. AVL’s vertically integrated approach and collaboration with industry partners are expected to strengthen its proposal, aligning with government objectives for local content and long-duration energy storage solutions.
The most recent analyst rating on (AU:AVL) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.
Australian Vanadium Limited has received a $2.55 million refund under the Australian Federal Government’s R&D Tax Incentive Scheme for the 2024/25 tax year, recognizing its investment in process innovation and downstream value creation. This financial boost will enhance AVL’s cash position, supporting the Optimised Feasibility Study for the Australian Vanadium Project and advancing various approval and downstream initiatives, thereby strengthening its operational and industry positioning.
The most recent analyst rating on (AU:AVL) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.
Australian Vanadium Limited announced the results of its Annual General Meeting, where all resolutions, including the adoption of the remuneration report, re-election of a director, and approval of share-related agreements, were passed. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives, potentially enhancing its market presence and operational capabilities.
The most recent analyst rating on (AU:AVL) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.
At its 2025 Annual General Meeting, Australian Vanadium Limited highlighted the significant opportunities arising from the global energy transition, particularly in long-duration energy storage. The company is well-positioned to capitalize on the growing demand for vanadium flow batteries, which are essential for maintaining grid reliability as renewable energy sources increase. AVL’s strategic approach includes developing a sovereign VFB supply chain in Australia, aligning with national policies and initiatives. The Western Australian Government’s commitment to a vanadium battery energy storage system in Kalgoorlie presents a major opportunity for AVL to showcase its integrated model, potentially boosting regional job creation and enhancing energy reliability. AVL is actively engaging with potential funding partners to support its participation in this initiative.
The most recent analyst rating on (AU:AVL) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.
Australian Vanadium Limited has announced the issuance of 6,531,336 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing projects, potentially strengthening its market position and providing value to its stakeholders.
The most recent analyst rating on (AU:AVL) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.