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Bathurst Resources Ltd
(Sydney:BRL)
Bathurst Resources Ltd (BRL) vs. iShares MSCI Australia ETF (EWA)
Bathurst Resources Ltd Business Overview & Revenue Model
Bathurst Resources Ltd Earnings Call Summary
Bathurst Resources Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.47M | 38.52M | 39.69M | 40.20M | 35.81M | 44.90M |
| Gross Profit | 4.28M | 7.19M | 9.21M | 5.50M | 4.76M | 9.35M |
| EBITDA | -2.23M | 2.29M | 37.45M | -340.05K | -4.08M | 9.45M |
| Net Income | -6.55M | 4.12M | 35.28M | 83.14M | 27.51M | 62.09M |
Balance Sheet | ||||||
| Total Assets | 329.09M | 353.20M | 315.34M | 274.74M | 189.58M | 148.78M |
| Cash, Cash Equivalents and Short-Term Investments | 25.48M | 33.08M | 7.10M | 11.77M | 4.30M | 4.09M |
| Total Debt | 1.14M | 1.35M | 1.76M | 1.18M | 692.64K | 12.19M |
| Total Liabilities | 22.50M | 22.78M | 23.69M | 14.82M | 15.22M | 28.95M |
| Stockholders Equity | 306.60M | 330.42M | 291.64M | 259.84M | 174.88M | 119.84M |
Cash Flow | ||||||
| Free Cash Flow | -5.19M | -4.21M | -8.97M | 8.57M | 4.53M | 4.41M |
| Operating Cash Flow | 3.79M | 4.75M | 4.00M | 12.37M | 7.26M | 8.88M |
| Investing Cash Flow | -14.20M | -10.44M | -15.02M | 6.52M | 4.43M | -5.51M |
| Financing Cash Flow | 31.95M | 31.56M | 594.83K | 387.98K | -2.31M | -3.41M |
Bathurst Resources Ltd Technical Analysis
Bathurst Resources Ltd 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$148.83M | -22.88 | 1.34% | ― | -5.47% | -86.96% | |
48 Neutral | AU$116.64M | -0.90 | -29.62% | ― | -12.53% | -264.51% | |
44 Neutral | AU$502.94M | -0.75 | -36.13% | 4.79% | -23.91% | -352.91% | |
39 Underperform | AU$78.76M | -7.09 | ― | ― | -8.59% | 25.90% | |
38 Underperform | AU$8.08M | -0.07 | ― | ― | -4.19% | 84.70% | |
16 Underperform | AU$4.55M | -0.10 | ― | ― | ― | -487.06% |
Bathurst Resources Ltd Corporate Events
Bathurst Resources director Pier (Peter) Westerhuis has adjusted his indirect holdings following the conversion of service rights into ordinary fully paid shares at no cash cost. The transaction saw 77,905 service rights under the Bathurst Resources Executive Incentive Plan vest into an equal number of ordinary shares, increasing one indirect holding while reducing others through an off-market internal transfer without changing his overall relevant economic interest.
The changes, dated 10 February 2026, consolidate Westerhuis’s exposure into a larger pool of directly held ordinary shares and superannuation-linked holdings. As the off-market transfers occurred solely between entities associated with the director, the move is largely administrative in nature but provides investors with updated transparency on board-level equity alignment and incentive plan outcomes.
The most recent analyst rating on (AU:BRL) stock is a Buy with a A$0.92 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.
Bathurst Resources Limited has applied to the ASX for quotation of 77,905 additional ordinary fully paid shares, with an issue date of 10 February 2026. The modest increase in quoted securities reflects the company’s ongoing capital management activities and will result in a small expansion of its free-float available to investors on the Australian bourse.
The most recent analyst rating on (AU:BRL) stock is a Buy with a A$0.92 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.
Bathurst Resources reported first-half FY26 consolidated EBITDA of $16m and maintained full-year guidance at $35m–$45m, supported by a strong consolidated cash position of $156m. Earnings were down $11m year-on-year as higher export sales volumes from the Stockton mine were more than offset by lower hard coking coal benchmark prices, a less favourable product mix, higher mining costs, and weaker South Island domestic demand amid customers’ shift to alternative fuels. The company highlighted progress on key growth projects, with its Buller Plateaux Continuation Project in New Zealand nearing fast-track approval lodgement, underpinning 15 more years of steelmaking coal output and regional employment, and its Tenas Project in Canada advancing regulatory approvals ahead of planned FY29 production. North Island operations continued intensive overburden stripping at Rotowaro’s Waipuna West Extension, setting up coal production through FY28, while the recent rebound in hard coking coal prices and new health and safety initiatives could support future profitability and operational resilience despite recent lost-time injuries at Rotowaro and Stockton.
The most recent analyst rating on (AU:BRL) stock is a Hold with a A$0.72 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.
Bathurst Resources Limited has disclosed a change in the interests of director Russell Lee Scott Middleton, following shareholder approval at the company’s 2025 annual meeting. Middleton, who holds his interests indirectly through a superannuation plan and a family trust entity, has been granted 303,437 new performance rights maturing in 2028, taking his total performance rights across various vesting years to nearly 800,000 in addition to his existing ordinary shareholding. The new rights, which convert into ordinary shares on a one-for-one basis at nil exercise price subject to performance conditions, underscore Bathurst’s continued use of long-term incentive structures to incentivise key executives and further align board interests with the company’s strategic and operational performance over the coming years.
The most recent analyst rating on (AU:BRL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.
Bathurst Resources has disclosed a change in director Richard John Tacon’s interests following the grant of 360,299 LTIP performance rights, which are convertible into fully paid ordinary shares on a one-for-one basis at nil exercise price, subject to performance conditions and vesting no later than 1 December 2028. The additional performance rights, approved by shareholders at the company’s 2025 annual general meeting, increase Tacon’s total holding of performance rights across multiple vesting years and underscore the company’s continued use of equity-based incentives to retain and reward key executives without immediate cash outlay, maintaining alignment between management and shareholder value creation.
The most recent analyst rating on (AU:BRL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.
Bathurst Resources Limited has notified the market that it has issued 576,266 unquoted performance rights (ASX code BRLAD) under its employee incentive scheme, effective 22 December 2025. The new securities are subject to transfer restrictions and will not be quoted on the ASX until those restrictions expire, underscoring the company’s continued use of long-term equity incentives to align key staff with shareholder interests and support its ongoing operational and strategic objectives.
The most recent analyst rating on (AU:BRL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.
Bathurst Resources Limited has issued 663,736 unquoted performance rights under its employee incentive scheme, with the new securities designated under the ASX code BRLAD and recorded as issued on 22 December 2025. These performance rights are subject to transfer restrictions and will not be quoted on the ASX until those restrictions expire, indicating an ongoing use of equity-based incentives to align staff interests with shareholders and potentially affecting future capital structure as rights vest or convert.
The most recent analyst rating on (AU:BRL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.
Bathurst Resources has announced two key leadership changes as it sharpens its executive structure to support current operations and international expansion. Long‑time finance leader Kieran McColl has been promoted to Chief Financial Officer, leveraging his experience in the health and energy sectors and his knowledge of Bathurst’s business to drive the company’s financial strategy and support strategic development. Former CFO Russell Middleton has moved into the newly defined role of Executive Director – North America, underscoring Bathurst’s intention to expand its presence and execute its growth strategy in the North American market, signalling a more deliberate push into that region for shareholders and other stakeholders.
The most recent analyst rating on (AU:BRL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.
Bathurst Resources Limited announced that all resolutions at its 2025 Annual General Meeting were passed by shareholders. This includes the re-election of directors, approval of performance rights, and ratification of placement shares, which indicates strong shareholder support and potential for strategic growth initiatives.
The most recent analyst rating on (AU:BRL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.
Bathurst Resources Limited has released its 2025 Annual General Meeting presentation, which serves as a general information document for stakeholders. The presentation emphasizes that it is not an offer or financial advice and highlights that past performance metrics should not be relied upon as indicators of future performance. The document is intended for publication in Australia and is not to be distributed in the United States, reflecting the company’s focus on compliance with regional regulatory requirements.
The most recent analyst rating on (AU:BRL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.