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Bannerman Energy
(Sydney:BMN)
Bannerman Energy (BMN) vs. iShares MSCI Australia ETF (EWA)
Bannerman Energy Business Overview & Revenue Model
Bannerman Energy Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.00K | 13.00K | 0.00 | 1.39M | 99.00K | 0.00 |
| Gross Profit | -44.00K | 13.00K | -53.00K | 1.35M | 67.00K | -35.00K |
| EBITDA | -7.21M | -7.21M | -5.73M | -4.66M | -3.44M | -2.24M |
| Net Income | -4.10M | -4.10M | -9.52M | -4.64M | -3.45M | -2.25M |
Balance Sheet | ||||||
| Total Assets | 195.35M | 195.35M | 107.79M | 112.96M | 119.84M | 66.96M |
| Cash, Cash Equivalents and Short-Term Investments | 58.64M | 58.64M | 24.08M | 42.59M | 51.93M | 12.46M |
| Total Debt | 68.00K | 68.00K | 63.00K | 16.00K | 16.00K | 16.00K |
| Total Liabilities | 8.66M | 8.66M | 2.08M | 2.25M | 1.95M | 599.00K |
| Stockholders Equity | 189.69M | 189.69M | 106.70M | 111.09M | 117.95M | 66.41M |
Cash Flow | ||||||
| Free Cash Flow | -23.09M | -46.23M | -18.19M | -9.28M | -7.42M | -2.92M |
| Operating Cash Flow | -1.40M | -2.78M | -2.63M | -2.33M | -2.19M | -1.44M |
| Investing Cash Flow | -55.27M | -55.27M | -15.82M | -7.00M | -12.48M | -1.48M |
| Financing Cash Flow | 80.39M | 80.39M | -88.00K | 96.00K | 54.22M | 11.21M |
Bannerman Energy Technical Analysis
Bannerman Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | AU$965.67M | -189.02 | -2.73% | ― | ― | 60.83% | |
56 Neutral | AU$2.77B | 383.78 | 1.08% | ― | -100.00% | ― | |
55 Neutral | AU$6.22B | -78.82 | -6.47% | ― | ― | -163.65% | |
52 Neutral | £220.77M | -13.56 | -26.26% | ― | ― | -75.25% | |
46 Neutral | AU$254.39M | -46.72 | -6.30% | ― | ― | -67.12% | |
37 Underperform | AU$1.62B | ― | ― | ― | -100.00% | 98.06% |
Bannerman Energy Corporate Events
State Street Corporation, through its subsidiaries including State Street Bank and Trust Company, SSGA Funds Management and State Street Global Advisors Australia, has lodged a notice that it has ceased to be a substantial holder in Bannerman Energy Ltd as of 27 January 2026. The change, recorded under Australia’s Corporations Act disclosure rules, signals that a major institutional investor has reduced its holding below the substantial-shareholder threshold, potentially altering Bannerman’s share register composition and indicating a shift in institutional ownership dynamics that existing and prospective investors may monitor closely.
The most recent analyst rating on (AU:BMN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy reported continued strong progress on early works at its Etango Uranium Project for the December 2025 quarter, highlighting an outstanding safety record of 16 years without a Lost Time Injury and a ramp-up of the on-site contractor workforce to more than 370 personnel. Key construction milestones included bulk earthworks reaching about 51% completion with major emphasis on heap leach pad construction, commencement of concrete works for the primary crusher and stockpile tunnel, and delivery of the High-Pressure Grinding Rolls tertiary crusher to site, while detailed engineering for the dry and wet plants advanced and installation of the permanent water supply pipeline moved forward. Supported by a solid cash balance of A$89.3 million and additional liquid assets of A$12.7 million, the company is maintaining a disciplined, stage-gated approach to awarding early works contracts, positioning itself to move toward a Final Investment Decision on Etango as uranium market fundamentals and long-term price indicators continue to strengthen.
The most recent analyst rating on (AU:BMN) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy reported its quarterly cash flow for the period ended 31 December 2025, showing no receipts from customers and a net operating cash outflow of A$2.4 million, driven mainly by staff, administration and corporate costs, partly offset by interest income and small government grants. The company recorded a substantial A$20.1 million investing cash outflow in the quarter, largely due to A$12.4 million spent on property, plant and equipment and A$7.1 million on exploration and evaluation, contributing to a A$33.4 million investing outflow over the half year, while financing cash flows were slightly negative in the quarter following earlier equity raisings that left Bannerman with A$111.8 million in cash at period end, underlining that it remains well funded to pursue its exploration and development plans despite significant ongoing capital expenditure.
The most recent analyst rating on (AU:BMN) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy has scheduled the release of its Quarterly Activities and Cashflow Report for the period ended 31 December 2025 to the ASX on 29 January 2026, and will brief investors via an online webinar the same day at 3.15pm AEDT. The update is intended to provide shareholders and the market with timely insight into the company’s operational and financial performance over the quarter, reinforcing ongoing engagement with investors at a time when disclosure and clarity around capital deployment and project progress remain central to Bannerman’s positioning in the energy sector.
The most recent analyst rating on (AU:BMN) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
State Street’s asset management arms, including SSGA Funds Management and State Street Global Advisors Australia, have lodged a notice that they have ceased to be substantial shareholders in Bannerman Energy, following a series of small adjustments to their holdings in the company’s ordinary shares on 22 and 23 January 2026. The changes, largely described as movements in collateral received by State Street Bank and Trust Company, reduce State Street’s aggregated voting power below the substantial holding threshold, marginally reshaping Bannerman Energy’s institutional investor base but without any stated implications for the company’s operations or strategy.
The most recent analyst rating on (AU:BMN) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
State Street Corporation and its subsidiaries, including State Street Global Advisors Australia, have filed a notice indicating they have ceased to be substantial shareholders in Bannerman Energy as of 14 January 2026. The change reduces institutional ownership from this major global asset manager, potentially altering Bannerman Energy’s shareholder base composition and the influence of State Street–related entities over the company’s voting securities, though the filing does not disclose specific transaction details or consideration involved.
The most recent analyst rating on (AU:BMN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy has applied for ASX quotation of 14,832 new ordinary fully paid shares, issued on 12 December 2025, under an Appendix 2A filing dated 14 January 2026. The modest increase in quoted securities reflects ongoing conversion of options or other convertible instruments, incrementally expanding the company’s free float and potentially enhancing liquidity for existing and prospective shareholders.
The most recent analyst rating on (AU:BMN) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy has lodged Change of Director’s Interest Notices (Appendix 3Y) for each of its directors with the Australian Securities Exchange, reflecting updates to their holdings in the company’s securities. The disclosure, authorised by Joint Company Secretary Karen Logan, underscores Bannerman’s adherence to ASX corporate governance and continuous disclosure requirements regarding directors’ interests, providing transparency to investors and other stakeholders around changes in board members’ equity positions.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy Ltd has notified the Australian Securities Exchange of the cessation of a total of 33,997 options, comprising 11,328 options expiring 15 November 2031 (ASX code BMNAR) and 22,669 options expiring 15 November 2032 (ASX code BMNAAO), which lapsed on 16 December 2025 after conditions attached to these rights were not satisfied. The lapsing of these conditional options marginally reduces the company’s potential future share dilution and slightly streamlines its capital structure, with limited immediate operational impact but some relevance for investors tracking Bannerman’s outstanding equity-based instruments and fully diluted share count.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy has issued a total of 564,389 new unquoted equity securities under its 2025/26 Employee Incentive Plan, comprising several new classes of unlisted zero exercise price options (ZEPOs) with expiry dates ranging from November 2029 to November 2033. The move reinforces the company’s use of long-term, performance-linked equity incentives to align employees’ interests with shareholders and may incrementally increase the company’s unquoted securities base, signalling ongoing reliance on equity-based compensation as a tool for talent retention and strategic execution.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy has notified the market of the issue of new unquoted equity securities under its employee incentive arrangements, including several tranches of zero exercise price options (ZEPOs) granted on 16 December 2025 to directors and employees, with expiries in November 2028, 2029 and 2033. The move reinforces the company’s reliance on long-term, performance-based equity incentives to align management and staff with shareholder interests, potentially affecting future dilution while supporting retention and incentivisation of key personnel as Bannerman advances its uranium development strategy.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy Ltd has provided an update on its early construction works at the Etango Uranium Project in Namibia, reporting significant progress that aligns with its budget and schedule. Key achievements include the completion of over half of the bulk earthworks, advancements in heap leach pad construction, and the successful delivery of critical equipment such as the tertiary crusher. The company has also placed a strong emphasis on utilizing local contractors, maintaining safety excellence with 16 years without Lost Time Injuries, and advancing detailed design phases for its infrastructure to ensure timely project delivery. These developments further consolidate Bannerman’s positioning as a key player in sustainable uranium production, supporting both stakeholders and the broader energy sector.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy Ltd has announced its achievement of the 2025 Sustainability Targets and set new targets for 2026, reflecting its commitment to sustainable practices. This announcement underscores Bannerman’s strategic focus on advancing its Etango Uranium Project, enhancing its market positioning in the uranium sector, and reinforcing its role as a leader in ESG within the industry.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy Ltd has announced the quotation of new securities on the Australian Securities Exchange (ASX), with a total of 202,175 ordinary fully paid shares issued on various dates in December 2025. This move is part of the company’s strategy to enhance its financial position and support its ongoing projects, potentially impacting its market presence and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy Ltd has announced that State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of November 24, 2025. This change in substantial holding could impact Bannerman Energy’s shareholder structure and may influence its market positioning and investor relations.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy Ltd has announced the adoption of a new constitution, which was approved by its shareholders at the recent Annual General Meeting. This change reflects the company’s ongoing efforts to align its governance framework with current corporate standards, potentially impacting its operational efficiency and stakeholder relations.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy Ltd announced that all resolutions presented at its Annual General Meeting were passed by poll. This outcome reflects strong shareholder support for the company’s strategic initiatives and governance, potentially strengthening its position in the energy sector and providing reassurance to stakeholders about its future direction.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy Ltd has released a presentation for its Annual General Meeting, highlighting the progress of the Etango Uranium Project. The company emphasizes its disciplined and flexible approach to advancing the project, which is crucial for its strategic positioning in the energy market. This announcement is significant for stakeholders as it underscores Bannerman’s commitment to its core projects and its potential impact on the uranium industry.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy Ltd has announced that State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of November 6, 2025. This change in substantial holding could impact Bannerman Energy’s shareholder dynamics and influence within the market, potentially affecting its strategic decisions and investor relations.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$4.27 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy Ltd announced a change in the director’s interest notice for its Executive Chairman, Brandon Munro. The change involves the exercise of vested performance rights under the Employee Incentive Plan and the subsequent sale of a portion of shares to cover tax liabilities. This transaction reflects the company’s ongoing management of executive compensation and its implications for shareholder interests.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$4.27 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy Ltd has announced the quotation of new securities on the Australian Securities Exchange (ASX), with a total of 2,018,956 ordinary fully paid shares being issued. This move is part of the company’s ongoing efforts to enhance its capital structure and support its strategic initiatives, potentially impacting its market positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$4.27 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
Bannerman Energy Ltd has announced that State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of October 30, 2025. This change in substantial holding could impact Bannerman Energy’s shareholder structure and potentially influence its market positioning and investor relations.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$4.27 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.