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Cobalt Blue Holdings
(Sydney: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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 75.00K | 233.00K | 0.00 | 50.00K |
| Gross Profit | -187.00K | 75.00K | 73.00K | -228.00K | 116.00K |
| EBITDA | -5.85M | -37.42M | -5.26M | -4.99M | -2.42M |
| Net Income | -6.10M | -37.59M | -5.47M | -5.23M | -2.68M |
Balance Sheet | |||||
| Total Assets | 33.57M | 40.96M | 76.42M | 50.43M | 36.99M |
| Cash, Cash Equivalents and Short-Term Investments | 1.22M | 8.74M | 15.62M | 10.53M | 9.44M |
| Total Debt | 2.27M | 3.09M | 3.14M | 2.93M | 2.21M |
| Total Liabilities | 3.69M | 6.76M | 10.43M | 6.33M | 4.36M |
| Stockholders Equity | 29.88M | 34.20M | 65.99M | 44.10M | 32.63M |
Cash Flow | |||||
| Free Cash Flow | -7.03M | -15.73M | -28.77M | -13.15M | -8.50M |
| Operating Cash Flow | -7.03M | -5.67M | -3.62M | -3.47M | -2.11M |
| Investing Cash Flow | 531.00K | -5.71M | -16.62M | -9.26M | -5.31M |
| Financing Cash Flow | -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% | |
49 Neutral | AU$64.64M | -20.00 | -100.11% | ― | ― | -26.67% | |
49 Neutral | AU$60.99M | -17.27 | -5.89% | ― | ― | 59.26% | |
45 Neutral | AU$46.36M | -12.31 | -18.16% | ― | ― | -18.18% | |
44 Neutral | AU$41.46M | -5.00 | -18.74% | ― | ― | 85.44% | |
44 Neutral | AU$38.02M | -10.92 | -20.13% | ― | ― | -241.18% | |
40 Underperform | AU$17.45M | -1.91 | -106.72% | ― | 90.14% | 52.54% |
Cobalt Blue Holdings Corporate Events
Cobalt Blue Holdings Limited has confirmed that all resolutions put to shareholders at its 6 February 2026 extraordinary general meeting were approved by poll, including the ratification of previously issued placement shares and Lind subscription shares, as well as approvals to issue placement options and joint lead manager options. The strong majorities in favour across all items clear the way for the company to validate recent capital raisings and proceed with issuing additional equity-linked securities, underpinning its funding arrangements and providing flexibility to support ongoing project and corporate development, with implications for existing shareholders through potential dilution but improved balance-sheet capacity.
The most recent analyst rating on (AU:COB) stock is a Sell 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 reported a strong December 2025 quarter, highlighting a major uplift in projected financial returns for its Kwinana Cobalt Refinery after re-evaluating project parameters in response to shifting global cobalt markets. By narrowing feedstock assumptions to cobalt hydroxide only and modifying its product mix to include 1,000 tonnes per annum of cobalt alloy-grade metal alongside 2,000 tonnes of cobalt sulphate, the company increased the project’s estimated post-tax NPV from A$90 million to A$155 million, IRR from 23% to 32%, and total free cash flow from A$367 million to A$503 million for the Stage 1 base case. Cobalt Blue is progressing toward a final investment decision on Kwinana with partner Iwatani Australia, has applied for strategic project status under the EU Critical Raw Materials Act to broaden financing options, and has strengthened its funding base with an oversubscribed A$5.3 million capital raise, while complementary work at the Broken Hill Technology Centre on battery black mass positions the refinery to benefit from long-term sustainability and recycling trends.
The most recent analyst rating on (AU:COB) stock is a Sell 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 announced that its CEO, Dr Andrew Tong, will deliver a real-time, interactive corporate presentation at the Emerging Growth Conference on 22 January 2026, outlining the company’s corporate strategy and recent updates. By participating in this high-visibility investor forum, which attracts a broad audience of individual and institutional investors as well as advisors and analysts, Cobalt Blue aims to strengthen engagement with the investment community and highlight its growth potential and strategic direction within the minerals processing and critical materials space.
The most recent analyst rating on (AU:COB) stock is a Sell 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 issued 3,571,429 fully paid ordinary shares to Lind Global Fund III LP under an existing placement agreement, linked to a previously announced A$1 million institutional placement. The shares were issued under the company’s available capacity in ASX Listing Rule 7.1 without a prospectus, accompanied by a cleansing notice confirming compliance with Australian corporate reporting and continuous disclosure obligations, thereby facilitating secondary trading and reinforcing the company’s access to institutional capital.
The most recent analyst rating on (AU:COB) stock is a Sell 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 applied to the ASX for quotation of 3,571,429 new fully paid ordinary shares, expanding its total pool of listed securities. The new shares, issued on 15 January 2026 under a previously announced transaction, modestly increase the company’s equity base and free float, with potential implications for liquidity and existing shareholder dilution depending on the broader capital management strategy.
The most recent analyst rating on (AU:COB) stock is a Sell 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 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.