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Cokal
(OTC:CKA)
Cokal (CKA) vs. iShares MSCI Australia ETF (EWA)
Cokal Business Overview & Revenue Model
Cokal Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.46M | 5.16M | 5.61M | 24.58K | 39.61K | 4.53K |
| Gross Profit | -2.95M | -3.17M | 908.00K | -616.59K | -220.58K | -213.01K |
| EBITDA | -5.77M | -8.73M | -8.96M | -13.13M | -9.52M | -3.32M |
| Net Income | -14.56M | -11.24M | -14.73M | -13.78M | -9.83M | -3.62M |
Balance Sheet | ||||||
| Total Assets | 44.97M | 73.96M | 67.42M | 64.78M | 44.24M | 35.17M |
| Cash, Cash Equivalents and Short-Term Investments | 481.81K | 2.59M | 2.27M | 2.23M | 724.29K | 414.46K |
| Total Debt | 25.50M | 47.91M | 38.23M | 30.83M | 23.47M | 5.17M |
| Total Liabilities | 53.44M | 97.99M | 80.12M | 62.74M | 44.28M | 26.50M |
| Stockholders Equity | -8.47M | -24.03M | -12.70M | 2.04M | -40.85K | 8.67M |
Cash Flow | ||||||
| Free Cash Flow | -7.37M | -8.56M | -7.42M | -19.87M | -17.15M | -2.90M |
| Operating Cash Flow | -1.44M | -2.55M | -1.44M | -8.60M | -11.63M | -2.36M |
| Investing Cash Flow | -7.43M | -6.01M | -7.33M | -11.27M | -5.52M | -545.00K |
| Financing Cash Flow | 7.57M | 8.79M | 7.47M | 21.34M | 17.41M | 2.08M |
Cokal Technical Analysis
Cokal Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
| ― | AU$37.76M | ― | ― | ― | -8.59% | 25.90% | |
| ― | AU$8.08M | -0.07 | ― | ― | -4.19% | 84.70% | |
| ― | AU$71.07M | -62.50 | -2.71% | ― | ― | 40.74% | |
| ― | AU$3.07M | -33.33 | ― | ― | ― | 57.14% | |
| ― | ― | ― | ― | ― | ― | -308.85% | |
| ― | AU$4.55M | -0.10 | ― | ― | ― | -487.06% |
Cokal Corporate Events
Cokal Limited has announced its Annual General Meeting scheduled for November 21, 2025, to be held both in Sydney and virtually. Key agenda items include the consideration of the company’s financial statements, adoption of the remuneration report, re-election of Director Mr. Domenic Martino, and approval of a mandate to issue additional equity securities. These resolutions are significant for shareholders as they address financial reporting, governance, and potential capital expansion, impacting the company’s strategic direction and shareholder value.
Cokal Limited has announced the resumption of limited mining operations at its BBM site, producing small quantities of Low Volatile Hard Coking Coal to sustain operations during a period of low market demand. The company has appointed PT Harapan Mitra Lestari as a mining contractor to commence operations in December 2025, under a non-exclusive agreement. This strategic move, along with a new agreement with PT Petrosea to enhance logistics facilities, positions Cokal to scale production as market conditions improve, ensuring operational flow and fulfilling domestic supply commitments.
Cokal Limited has announced that its Annual General Meeting for the financial year ending 30 June 2025 will be held on 21 November 2025. The company has also opened nominations for the office of Director, which must be submitted by 22 October 2025. This announcement is part of Cokal’s ongoing efforts to maintain transparency and engage with shareholders, potentially impacting its governance and strategic direction.
Cokal Limited has successfully completed commercial trial coal shipment sales to PT Dexin Steel Indonesia and PT Detian Coking Indonesia, marking the company’s first sales since May 2025 after a period of weak market conditions. Facilitated by M Resources and INTCO, these transactions achieved favorable pricing and signal an improvement in market sentiment, with further sales discussions underway for the fourth quarter, indicating a positive momentum in Cokal’s sales program.
Cokal Limited has released its corporate governance statement for the financial year ending June 30, 2025, confirming adherence to the ASX Corporate Governance Council’s principles and recommendations. The statement, approved by the board, outlines the company’s compliance with governance practices, including board responsibilities, director appointments, and executive agreements, which are crucial for maintaining transparency and accountability to stakeholders.
Cokal Limited’s annual report for 2025 emphasizes its commitment to sustainable and respectful production of world-class metallurgical coal. This approach is likely to enhance its operational efficiency and strengthen its position in the industry, potentially benefiting stakeholders through improved environmental and community relations.
Cokal Limited has advanced its strategic partnership with Indonesian coal company PT Petrindo Jaya Kreasi Tbk by entering into a binding term sheet for the development of the BBM Haul Road. This collaboration will see PT Petrindo funding the road’s upgrade to an all-weather standard, facilitating coal transport from both Cokal’s BBM mine and PT Petrindo’s DBK mine. PT Petrosea Tbk has been appointed as the main contractor for the road development, expected to begin in October 2025. This partnership is a significant step in enhancing Cokal’s infrastructure capabilities, which are essential for its production growth and market positioning.
Cokal Limited has provided an update on its Bumi Barito Mineral (BBM) Project, confirming that all material assumptions underpinning the production target and financial forecasts remain unchanged. The company has completed technical studies and agreements that support the operating metrics of the BBM project, which includes a forecasted life-of-mine production of 18.8 million tonnes, representing approximately 79% of the declared JORC Ore Reserves. This strategic update indicates Cokal’s continued focus on optimizing operational efficiency and reducing costs, which is crucial for maintaining its competitive position in the metallurgical coal industry.
Cokal Limited has secured a US$15 million strategic debt funding from International Commodity Trade Pte Ltd, a long-term shareholder, to enhance infrastructure development and metallurgical coal production at its BBM mine. The company resumed domestic coal shipments after a market-induced pause and is operating at minimal production levels due to weak market conditions. Cokal aims to maintain financial resilience and operational stability while preparing for future production increases as market conditions improve. The company is focused on selective mining strategies to manage costs and preserve cash flow, ensuring long-term value for stakeholders.