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Cobalt Blue Holdings
(OTC:COB)
Cobalt Blue Holdings (COB) vs. iShares MSCI Australia ETF (EWA)
Cobalt Blue Holdings Business Overview & Revenue Model
Cobalt Blue Holdings Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 75.00K | 233.00K | 0.00 | 50.00K |
| Gross Profit | -3.06M | -187.00K | 75.00K | 73.00K | -228.00K | 116.00K |
| EBITDA | -5.86M | -5.85M | -37.42M | -5.26M | -4.99M | -2.42M |
| Net Income | -6.10M | -6.10M | -37.59M | -5.47M | -5.23M | -2.68M |
Balance Sheet | ||||||
| Total Assets | 33.57M | 33.57M | 40.96M | 76.42M | 50.43M | 36.99M |
| Cash, Cash Equivalents and Short-Term Investments | 1.22M | 1.22M | 8.74M | 15.62M | 10.53M | 9.44M |
| Total Debt | 2.27M | 2.27M | 3.09M | 3.14M | 2.93M | 2.21M |
| Total Liabilities | 3.69M | 3.69M | 6.76M | 10.43M | 6.33M | 4.36M |
| Stockholders Equity | 29.88M | 29.88M | 34.20M | 65.99M | 44.10M | 32.63M |
Cash Flow | ||||||
| Free Cash Flow | -8.28M | -7.03M | -15.73M | -28.77M | -13.15M | -8.50M |
| Operating Cash Flow | -7.03M | -7.03M | -5.67M | -3.62M | -3.47M | -2.11M |
| Investing Cash Flow | 450.50K | 531.00K | -5.71M | -16.62M | -9.26M | -5.31M |
| Financing Cash Flow | -964.50K | -1.02M | 4.50M | 25.33M | 13.82M | 14.80M |
Cobalt Blue Holdings Technical Analysis
Cobalt Blue Holdings 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$75.66M | -22.63 | -100.11% | ― | ― | -26.67% | |
49 Neutral | AU$65.68M | -20.00 | -5.89% | ― | ― | 59.26% | |
47 Neutral | AU$34.54M | -12.07 | -20.13% | ― | ― | -241.18% | |
44 Neutral | AU$52.81M | -6.34 | -18.74% | ― | ― | 85.44% | |
41 Neutral | AU$40.30M | -10.77 | -18.16% | ― | ― | -18.18% | |
40 Underperform | AU$18.15M | -1.98 | -106.72% | ― | 90.14% | 52.54% |
Cobalt Blue Holdings Corporate Events
Cobalt Blue Holdings Limited has called an Extraordinary General Meeting (EGM) of shareholders to be held at its North Sydney offices at 10:00 a.m. Sydney time on Friday, 6 February 2026. The notice outlines procedural details, including voting rights, proxy lodgement, and resolutions to be considered, signalling an upcoming round of shareholder decision-making that may influence the company’s corporate governance and strategic direction.
The most recent analyst rating on (AU:COB) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Cobalt Blue Holdings stock, see the AU:COB Stock Forecast page.
Cobalt Blue Holdings has announced a change in the director’s relevant interests in securities, specifically relating to the acquisition of 477,137 ordinary shares by Director Joe Kaderavek. The shares were issued as part payment for non-executive director fees, as approved by shareholders at the 2025 annual general meeting. This announcement underscores the company’s operational practices of remunerating leadership through equity incentives, aligning executive interests with shareholder value while ensuring compliance with corporate governance standards.
Cobalt Blue Holdings Limited has issued 62,474,724 fully paid ordinary shares, with the majority allocated through a placement announced earlier in December 2025. This issuance, which includes shares for executive remuneration, was conducted within the company’s existing capacity under ASX rules and approved by shareholders, reflecting strategic capital management to support its operations.
Cobalt Blue Holdings Limited announced the issuance of 2,376,004 ordinary fully paid shares to its CEO and Managing Director as part of their base remuneration, following approval at the company’s 2025 Annual General Meeting. This move reflects the company’s strategy to align management incentives with shareholder interests, potentially impacting its operational focus and market perception positively.
Cobalt Blue Holdings Limited announced the issuance of shares to its Non-Executive Directors as part payment for their fees, following approval at the 2025 AGM. This move involves quoting 954,274 fully paid ordinary securities on the ASX, potentially impacting the company’s financial structure and aligning director interests with shareholder value.
Cobalt Blue Holdings Limited has announced the application for quotation of 59,144,446 fully paid ordinary securities on the Australian Securities Exchange (ASX), marking a significant step in its capital market activities. This move is expected to enhance the company’s financial flexibility and support its strategic initiatives in the cobalt mining sector, potentially impacting its market positioning and stakeholder interests positively.
Cobalt Blue Holdings Limited has issued 6,071,429 fully paid ordinary shares to Lind Global Fund III LP as part of a placement agreement. This strategic move, executed under ASX Listing Rule 7.1, aims to strengthen the company’s financial position and support its ongoing projects, potentially enhancing its market presence in the cobalt industry.
Cobalt Blue Holdings Limited announced the quotation of 6,071,429 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 8, 2025. This move is part of previously announced transactions and is expected to enhance the company’s financial flexibility and market presence, potentially impacting its operations and stakeholders positively.
Cobalt Blue Holdings Limited has announced a proposed issue of securities, including unquoted options and ordinary fully paid shares, set to be issued on December 12, 2025. This strategic move aims to bolster the company’s financial position, potentially enhancing its market presence and operational capabilities in the cobalt mining sector.
Cobalt Blue Holdings Limited announced a placement of new ordinary shares and options to sophisticated or professional investors. This move is aimed at raising capital to support the company’s operations and strategic initiatives, potentially strengthening its market position in the cobalt industry.
Cobalt Blue Holdings Limited has requested a trading halt on its securities pending an announcement regarding a potential material capital raising. This move is intended to ensure compliance with continuous disclosure obligations and to prevent uninformed trading. The halt is expected to last until the company announces the completion of the capital raising or until trading resumes on December 8, 2025. The decision reflects the company’s proactive approach to managing its market communications and financial strategy.
Cobalt Blue Holdings Limited has announced a proposed issue of 6,071,429 ordinary fully paid securities, with the issue date set for December 8, 2025. This move is part of a placement or other type of issue, aiming to enhance the company’s financial position and support its ongoing projects in the cobalt sector, potentially impacting its market positioning and stakeholder interests.
Cobalt Blue Holdings has revised its project parameters for the Kwinana Cobalt Refinery in response to changing market conditions, leading to improved financial metrics. The company has increased its NPV and IRR, secured key permits, and is progressing towards a final investment decision. The rebound in cobalt product pricing and the strategic diversification of products enhance the company’s market positioning and potential profitability.
Cobalt Blue Holdings Limited is advancing its operations at the Broken Hill Technology Centre to focus on recycling battery black mass, which is a high-value concentrate from recycled lithium-ion batteries. This initiative aims to provide a domestic feedstock source for the Kwinana Cobalt Refinery, potentially boosting revenue and supporting Australia’s circular economy. The project is expected to enhance Australia’s battery recycling capability and strengthen the critical minerals supply chain. The successful integration of black mass as a feedstock could increase operational flexibility and reduce supply chain risks, while also boosting local employment and economic growth in Broken Hill.
Cobalt Blue Holdings Limited announced that Robert Biancardi has ceased to be a director as of November 14, 2025. Biancardi held 1,136,073 ordinary shares directly and 2,023,000 ordinary shares indirectly through Zacob Pty Limited, where he is a director and shareholder. This change in directorship may impact the company’s governance and stakeholder dynamics.
Cobalt Blue Holdings Limited announced that all resolutions presented at its 2025 Annual General Meeting were passed. The resolutions included adopting the Remuneration Report, re-electing a director, ratifying prior issues of shares and options, approving the issuance of shares to directors and an employee incentive plan, and approving a 10% placement facility. This outcome supports the company’s strategic initiatives and operational plans, strengthening its governance and financial flexibility.
Cobalt Blue Holdings Limited announced its Chairman’s address and CEO’s presentation at the 2025 Annual General Meeting. This event is significant as it provides insights into the company’s strategic direction and operational plans, potentially impacting its market position and stakeholder interests.
Cobalt Blue Holdings announced that its CEO, Dr. Andrew Tong, will present at the Noosa Mining Investor Conference, highlighting the company’s corporate strategy and recent updates. This presentation is part of Cobalt Blue’s efforts to reshape the cobalt supply chain, which could have significant implications for its market positioning and stakeholders in the cobalt industry.
Cobalt Blue Holdings Limited has made significant strides in its strategic goal of establishing Australia’s first cobalt refinery. The company received a Works Approval from the Western Australia’s Department of Water and Environmental Regulation for the Kwinana Cobalt Refinery, marking a crucial step towards a final investment decision. This approval allows for the construction and operation of a cobalt/nickel processing plant, which is essential for advancing the project. The company is also focused on securing binding offtake agreements to unlock project financing, which will further enhance its position in the critical minerals market. Additionally, the company is evaluating battery black mass as feedstock and has produced cobalt sulphate to specification, indicating progress in its operational capabilities.
Cobalt Blue Holdings Limited has announced the issuance of 14,142,068 fully paid ordinary shares, with 1,642,068 shares issued upon the exercise of unlisted options and 12,500,000 shares issued to Lind Global Fund III LP as part of a placement agreement. This strategic move aims to strengthen the company’s financial position and support its ongoing projects, highlighting its commitment to expanding its market presence and enhancing shareholder value.
Cobalt Blue Holdings Limited has announced the issuance of 12,500,000 fully paid ordinary securities, which are set to be quoted on the Australian Securities Exchange (ASX) as of October 23, 2025. This move is part of a previously announced transaction, and it is expected to enhance the company’s capital structure, potentially improving its market position and offering new opportunities for stakeholders.
Cobalt Blue Holdings Limited announced the quotation of 1,642,068 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 23, 2025. This move reflects the company’s efforts to enhance its capital structure and potentially improve its market presence, which could have significant implications for its stakeholders and its strategic positioning in the cobalt market.
Cobalt Blue Holdings Limited has announced a live online webinar titled ‘Reshaping the Cobalt Supply Chain,’ featuring CEO Dr. Andrew Tong and Investor Relations & Commercial Manager Mr. Joel Crane. The event, scheduled for October 23, 2025, aims to provide updates on the company’s strategies and initiatives in the cobalt supply chain, potentially impacting its market positioning and stakeholder interests.
Cobalt Blue Holdings Limited announced a change in the director’s interest, specifically involving Joe Kaderavek, who disposed of 750,000 ordinary shares through an on-market trade. This transaction resulted in a decrease in the total number of shares held by Mr. Kaderavek and his associated accounts. The change in shareholding reflects a strategic decision by the director, which could have implications for the company’s stock market performance and investor perceptions.
Cobalt Blue Holdings Limited has announced the issuance of 3,105,329 fully paid ordinary shares following the exercise of unlisted options. This move is part of the company’s ongoing efforts to strengthen its financial position and support its operations in the cobalt mining sector. The issuance was conducted without disclosure to investors under the Corporations Act, and the company has complied with all relevant legislative requirements. This development is expected to enhance the company’s market presence and provide additional resources for its strategic initiatives.
Cobalt Blue Holdings Limited has announced the issuance of 3,105,329 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) as of October 16, 2025. This move is part of the company’s strategic efforts to enhance its capital structure, potentially strengthening its market position and providing additional resources for its ongoing projects in the cobalt sector.
Cobalt Blue Holdings Limited has addressed a query from the ASX regarding recent price and volume movements of its securities. The company attributes the surge in its share price to the rising cobalt prices, which have reached a near three-year high, influenced by the Democratic Republic of Congo’s export controls on cobalt. This development underscores the company’s strategic positioning in the cobalt market, given the DRC’s dominance in global cobalt supply.
Legacy Minerals Holdings Ltd has announced the initial exploration stages of the NiCo Young Project and signed a Memorandum of Understanding with Cobalt Blue Holdings. The MoU aims to explore strategic options for cobalt and other products from the NiCo Young Project. This collaboration is expected to leverage Cobalt Blue’s expertise in cobalt processing and its plans to develop the Kwinana Cobalt Refinery. The NiCo Young Project, which contains a significant nickel and cobalt resource, aligns with Australia’s Critical Minerals Strategy and aims to contribute to the country’s ambitions for a sustainable future.
Cobalt Blue Holdings Limited has announced its 2025 Annual General Meeting, scheduled for November 14, 2025, at their North Sydney offices. The AGM will address various resolutions and provide shareholders with updates on the company’s strategic initiatives. This meeting is a significant event for stakeholders, as it will outline the company’s future direction and operational strategies, impacting its positioning within the cobalt industry.
Cobalt Blue Holdings Limited has announced the appointment of Andrew Tong as a director, effective from October 10, 2025. The announcement details Tong’s interests in the company’s securities, including shares and various unquoted options and performance rights. This appointment is significant for the company’s governance structure and may influence its strategic direction, potentially impacting stakeholders and the company’s market positioning.
Cobalt Blue Holdings Limited announced the retirement of its long-serving Chairman, Rob Biancardi, who will step down after the 2025 Annual General Meeting. Joe Kaderavek will assume the role of Chair, while CEO Dr. Andrew Tong has been appointed to the Board as Managing Director. The company has deferred its proposed name change to Core Blue Minerals Limited, indicating a strategic shift in its focus. These changes are expected to strengthen the company’s leadership and strategic direction as it continues to develop its Kwinana Cobalt Refinery and expand its commodity portfolio.