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Core Lithium Ltd
(Sydney:CXO)
Core Lithium Ltd (CXO) vs. iShares MSCI Australia ETF (EWA)
Core Lithium Ltd Business Overview & Revenue Model
Core Lithium Ltd Earnings Call Summary
Core Lithium Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | -2.42M | 189.49M | 50.60M | 0.00 | 0.00 |
| Gross Profit | 6.66M | -3.01M | 30.90M | 30.61M | -116.13K | -136.81K |
| EBITDA | -17.32M | -14.38M | -163.06M | 15.56M | -7.25M | -2.77M |
| Net Income | -25.48M | -23.37M | -207.01M | 10.81M | -7.47M | -2.91M |
Balance Sheet | ||||||
| Total Assets | 287.18M | 268.44M | 323.96M | 503.14M | 261.85M | 73.19M |
| Cash, Cash Equivalents and Short-Term Investments | 52.22M | 24.06M | 88.18M | 152.95M | 135.39M | 38.19M |
| Total Debt | 6.63M | 2.91M | 3.53M | 22.94M | 2.09M | 102.34K |
| Total Liabilities | 20.49M | 34.16M | 67.09M | 148.22M | 23.13M | 1.88M |
| Stockholders Equity | 266.69M | 234.28M | 256.87M | 354.92M | 238.72M | 71.31M |
Cash Flow | ||||||
| Free Cash Flow | -52.81M | -63.34M | -165.17M | -74.80M | -75.44M | -10.34M |
| Operating Cash Flow | -34.31M | -43.93M | -77.94M | 90.81M | -6.22M | -2.34M |
| Investing Cash Flow | -17.11M | -19.85M | -88.64M | -171.62M | -70.56M | -8.37M |
| Financing Cash Flow | 50.38M | -626.00K | 102.39M | 97.79M | 173.87M | 40.20M |
Core Lithium Ltd Technical Analysis
Core Lithium 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% | |
57 Neutral | AU$470.54M | -9.46 | -5.18% | ― | ― | 47.15% | |
46 Neutral | $665.63M | -8.93 | -9.40% | ― | -100.00% | 89.10% | |
45 Neutral | AU$39.06M | -33.33 | ― | ― | ― | 96.00% | |
43 Neutral | AU$41.44M | -11.22 | -13.86% | ― | ― | -12.34% | |
41 Neutral | AU$57.71M | -2.79 | ― | ― | ― | -268.97% |
Core Lithium Ltd Corporate Events
Core Lithium Ltd has released its interim consolidated financial statements for the half year ended 31 December 2025, presented in Australian dollars. The report includes the directors’ report, auditor’s independence declaration, reviewed financial statements, notes, and corporate information, providing stakeholders with an updated view of the group’s financial position and performance over the period.
The most recent analyst rating on (AU:CXO) stock is a Sell with a A$0.23 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium has struck a fixed-price deal with Glencore International AG to sell about 5,100dmt of spodumene concentrate stockpiled at its suspended Finniss Lithium Project, with pricing equivalent to US$2,023 per tonne CIF China. The sale, to be shipped via the existing logistics chain to Darwin Port, will deliver funds in the June 2026 quarter, is more than 50% above the price assumption used in Core’s 2025 restart study, and is seen by management as a key step in funding and de-risking a potential restart, while a separate ~75,000dmt lithium fines stockpile remains available as an additional funding option.
The most recent analyst rating on (AU:CXO) stock is a Sell with a A$0.18 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Citigroup Global Markets Australia and its related entities disclosed they ceased to be substantial holders of Core Lithium on 2 February 2026 after securities-lending-driven shifts that saw 1,019,611 additional ordinary shares registered locally while affiliated entities in the United States and United Kingdom reduced their positions by a combined 29.2 million shares. The exit of Citi’s global investment arms from substantial-holder status removes a major institutional backer, potentially altering Core Lithium’s register composition and raising questions about future liquidity support as the company navigates volatile lithium markets.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium Ltd has issued 2,000,000 new ordinary shares at A$0.224 per share following the exercise of previously unquoted options. The shares were issued without a prospectus under the Corporations Act’s disclosure exemptions, with the company confirming it remains compliant with its continuous and financial reporting obligations and that there is no excluded information that would need to be disclosed to the market, signalling a routine capital structure adjustment rather than a change in strategic direction.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium Ltd has applied to the ASX for quotation of 2,000,000 new ordinary fully paid shares, to be issued on 2 February 2026 following the exercise or conversion of existing options or other convertible securities. The modest increase in issued capital reflects ongoing equity-based activity and may incrementally enhance liquidity in CXO shares, though it does not signal a major change in the company’s capital structure or operational strategy at this stage.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium Ltd has notified the market that 2,775,238 performance rights (ASX code CXOAA) have lapsed after the conditions attached to these securities were not met or became incapable of being satisfied as of 24 January 2026. The cessation of these conditional rights slightly reduces the company’s potential future issued capital and may be seen as an adjustment to its equity-based incentive structures, with limited immediate impact on existing shareholders but some implications for management and staff whose incentives were tied to these performance hurdles.
The most recent analyst rating on (AU:CXO) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium has delivered an updated mine plan and Ore Reserve for the Grants deposit within its Finniss Lithium Project, lifting total project reserves to 15.6Mt at 1.27% Li2O and enabling first ore within a month of operations while cutting pre-production capital by an estimated $35–$45 million. Technical and engineering work to support a final investment decision and restart at Finniss is progressing alongside a strategic funding process with interested partners, underpinned by a strengthened balance sheet with $48.7 million in cash, resolution of all offtake and onerous contracts, divestment of non-core uranium assets for up to $5 million plus royalty exposure, and ongoing care-and-maintenance and dewatering preparations that position the project to respond quickly to improving lithium market conditions.
The most recent analyst rating on (AU:CXO) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium Ltd has responded to an ASX price query, stating it is not aware of any undisclosed information that could explain recent volatility in its share price. The company says it has no additional explanation for the recent trading activity, confirms it is in full compliance with ASX Listing Rules, particularly continuous disclosure obligations, and notes its board has authorised the responses, seeking to reassure investors and regulators about the transparency of its market disclosures.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium has sold its non-core uranium assets, comprising the Napperby, Fitton and Entia projects in the Northern Territory and South Australia, to Elevate Uranium for a total consideration of $5 million in cash and shares, plus a 1.0% net smelter royalty over any production from the Napperby tenement. The divestment, which has now completed, frees up working capital and allows Core to sharpen its strategic focus on restarting its flagship Finniss Lithium Project while retaining some exposure to potential upside from the uranium portfolio via the royalty and its equity stake in Elevate Uranium.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Elevate Uranium has completed the acquisition of Uranium Generation Pty Ltd from Core Lithium, securing a portfolio of uranium assets in Australia’s Northern Territory and South Australia and lifting its global mineral resource inventory to 169 million pounds of U3O8. The deal delivers the Napperby project, which hosts an 8.03 million pound JORC 2012-compliant uranium resource just 25 kilometres from Elevate’s Minerva project, as well as the high‑grade Fitton and Entia exploration projects and four additional tenements, all regarded by the company as underexplored with significant upside. Elevate sees strong technical synergy between Napperby’s shallow, calcrete-hosted mineralisation and its U‑pgade™ process, supported by prior metallurgical test work suggesting the potential to produce a low‑mass, high‑grade concentrate, and argues that the transaction consolidates its Central Australian hub and strengthens its position as a leading ASX‑listed uranium developer in supportive jurisdictions.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium Ltd has announced the issuance of 22,965,389 performance rights and 1,000,000 options as part of an employee incentive scheme. This move is likely aimed at enhancing employee engagement and aligning their interests with the company’s long-term growth objectives, potentially strengthening its position in the competitive lithium market.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.