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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 | 5.28M |
| 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$61.50M | ― | ― | ― | -8.59% | 25.90% | |
38 Underperform | AU$8.08M | -0.07 | ― | ― | -4.19% | 84.70% | |
38 Underperform | AU$60.41M | -53.13 | -2.71% | ― | ― | 40.74% | |
38 Underperform | AU$3.07M | -33.33 | ― | ― | ― | 57.14% | |
33 Underperform | ― | ― | ― | ― | ― | -308.85% | |
16 Underperform | AU$4.55M | -0.10 | ― | ― | ― | -487.06% |
Cokal Corporate Events
Cokal Limited has responded to an ASX inquiry regarding a significant increase in the price and volume of its securities, stating that there is no undisclosed information that could explain the trading activity. The company highlighted recent operational announcements, including a strategic partnership with PT Petrindo Jaya Kreasi Tbk for infrastructure development, a market update on coal prices, the appointment of a new mining contractor, and a recent coal shipment at improved pricing. These developments are aimed at supporting Cokal’s growth objectives and enhancing its operational capabilities.
Cokal Limited has completed a 7,000 MT coal shipment to Krakatau Posco, benefiting from improved market conditions that allowed for higher pricing compared to previous deliveries. This shipment, facilitated by M Resources, reflects market recovery and increased acceptance of Cokal’s BBM coal. The company is in discussions for an additional delivery in December, aiming to maintain sales momentum and capitalize on favorable market trends into 2026.
Cokal Limited announced that all resolutions proposed at its Annual General Meeting were passed by the required majority, as confirmed by a poll. This outcome supports the company’s strategic objectives and governance, reinforcing its position in the metallurgical coal industry and potentially impacting its stakeholders positively.
Cokal Limited has announced updates regarding its Bumi Barito Mineral (BBM) Project, highlighting the completion of technical studies and agreements that support the project’s operational metrics. The company has reported a total of 23.01 million tonnes in declared Ore Reserves, with a forecasted life-of-mine production of 18.7 million tonnes. These developments are expected to reduce operating and capital costs, thereby enhancing Cokal’s market positioning and operational efficiency in the coal industry.
Cokal Limited has announced the commencement of contractor-led mining operations at its BBM Project in Central Kalimantan, Indonesia, with PT Harapan Mitra Lestari initiating the first overburden cut in Pit 3. This marks a significant step in Cokal’s strategy for progressive production growth, as two mining fleets are now operational, with two more set to start by early December 2025, reflecting a phased ramp-up plan designed to enhance efficiency and meet improving market conditions.
Cokal Limited has announced the mobilization of PT Harapan Mitra Lestari as the mining contractor for its BBM Project, marking a significant step towards full-scale operations. The deployment of equipment and personnel to the site is a crucial milestone in the company’s strategy to increase production in response to improving market conditions for metallurgical coal.
Cokal Limited has resumed coal sales to domestic end users, marking a significant step in strengthening its operational foundation amid a recovering metallurgical coal market. The company has advanced several key initiatives, including appointing PT Petrosea Tbk for road development and progressing infrastructure projects, positioning itself for a strong operational ramp-up in the coming quarters.
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.