Top Page
DevEx Resources Ltd
(Sydney:DEV)
DevEx Resources Ltd (DEV) vs. iShares MSCI Australia ETF (EWA)
DevEx Resources Ltd Business Overview & Revenue Model
DevEx Resources Ltd Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 355.32K | 100.00K | 14.17K | 0.00 | 0.00 |
| Gross Profit | 355.32K | 100.00K | -294.00K | -376.00K | -488.00K |
| EBITDA | -9.30M | -9.90M | -12.61M | -11.51M | -6.08M |
| Net Income | -9.11M | -10.79M | -12.94M | -11.91M | -6.58M |
Balance Sheet | |||||
| Total Assets | 16.07M | 26.31M | 15.92M | 11.29M | 19.49M |
| Cash, Cash Equivalents and Short-Term Investments | 7.12M | 16.77M | 12.67M | 7.87M | 16.58M |
| Total Debt | 147.29K | 262.23K | 366.66K | 435.70K | 495.99K |
| Total Liabilities | 2.31M | 3.43M | 3.46M | 3.20M | 2.70M |
| Stockholders Equity | 13.75M | 22.88M | 12.46M | 8.08M | 16.79M |
Cash Flow | |||||
| Free Cash Flow | -9.39M | -15.12M | -12.14M | -9.32M | -6.15M |
| Operating Cash Flow | -9.34M | -14.84M | -12.02M | -9.24M | -5.96M |
| Investing Cash Flow | -121.19K | -656.83K | -116.32K | -188.28K | -185.97K |
| Financing Cash Flow | -189.39K | 19.59M | 16.94M | 723.19K | 20.51M |
DevEx Resources Ltd Technical Analysis
DevEx Resources 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% | |
52 Neutral | AU$105.81M | -4.10 | -102.50% | ― | ― | -116.67% | |
44 Neutral | AU$134.92M | -3.39 | -49.01% | ― | -100.00% | 19.53% | |
44 Neutral | AU$58.54M | -6.94 | -16.11% | ― | ― | -18.92% | |
44 Neutral | AU$97.59M | -3.89 | -36.51% | ― | -100.00% | -477.06% | |
42 Neutral | AU$29.67M | -24.08 | -10.97% | ― | ― | 71.63% | |
41 Neutral | AU$63.11M | -10.30 | -20.89% | ― | ― | -4.13% |
DevEx Resources Ltd Corporate Events
DevEx Resources Ltd has notified the ASX of the issue of 2,500,000 unquoted options under its employee incentive scheme. The options, which expire on various dates and have various exercise prices, are not intended to be quoted on the ASX, indicating an ongoing use of equity incentives to align employee interests with long-term company performance.
The issuance of these unquoted options increases DevEx’s pool of employee incentives without immediately affecting its quoted share capital structure. This move underscores the company’s reliance on option-based compensation to attract and retain key personnel in a competitive resources sector, while potentially leading to future dilution if the options are exercised.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources has disclosed a significant increase in chairman Timothy Goyder’s indirect shareholding following recent on-market acquisitions. Through the Goyder Family Trust and his wife Linda Goyder, Goyder acquired a combined 25 million fully paid ordinary shares for a total consideration of approximately $3.625 million, lifting his total direct and indirect holding to 111.9 million shares. The expanded stake further consolidates insider ownership in the company, which may be interpreted by investors as a sign of confidence in DevEx’s prospects and could influence market perceptions of the stock’s longer-term outlook.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources has completed a two-tranche capital raising, including a placement and share purchase plan, securing a total of $38.9 million before costs. The second tranche, approved by shareholders on 22 January 2026, involved the issue of 110,266,988 new shares at $0.145 each to raise about $16 million, with proceeds earmarked for acquiring further tenure in the Alligator Rivers Uranium Province, funding an expanded 2026 exploration program at the Nabarlek and Murphy West uranium projects, and providing general working capital, strengthening the company’s exploration pipeline and strategic footprint in a key uranium district.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources Limited has applied to the ASX for quotation of 110,266,988 new ordinary fully paid shares under code DEV, following a previously announced transaction. The issuance and quotation of these securities, effective 29 January 2026, will expand the company’s listed share base, with implications for its capital structure and liquidity for existing and new shareholders.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources Limited has issued 16 million unquoted options and 9.9 million performance rights under its employee incentive scheme, with both classes of securities allotted on 23 January 2026. The grant of these unquoted equity incentives is designed to align employees’ and executives’ interests with shareholder value creation, potentially affecting the company’s capital structure over time through future conversions while supporting staff retention and performance in a competitive resources sector.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources Limited has confirmed that all resolutions put to shareholders at its 22 January 2026 general meeting were passed by poll, with strong levels of support recorded across the board. The vote outcomes ratified prior share placements, approved the issue of additional Tranche 2 placement shares to directors and other participants, and endorsed the grant of options and performance rights to key executives and directors, reinforcing the company’s existing capital-raising program and incentive structures and signalling solid shareholder backing for its current strategy and governance framework.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources has released an investor presentation positioning the company for growth in a recovering uranium market, highlighting a series of recent exploration results and targets across its Nabarlek and Murphy West uranium projects as well as an inferred mineral resource and ongoing metallurgical advances at its Kennedy rare earths project. The company reiterates that several key resource estimates, including the Caramal uranium mineral resource and Kennedy rare earths resource, are based on historical or prior technical work and have not yet been updated under the latest reporting standards, underscoring both the potential scale of its asset base and the need for further evaluation and exploration before these resources can be fully recognised and leveraged by investors and stakeholders.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources has overhauled its leadership team, appointing former Rio Tinto executive Marnie Finlayson as managing director and experienced exploration geologist Matthew Yates as a non-executive director, while simultaneously executing a series of strategic project acquisitions and financings to accelerate growth. The company has struck binding deals to acquire Alligator Energy’s uranium exploration tenure and nine Rio Tinto licence applications adjacent to its Nabarlek Uranium Project in the Alligator Rivers Uranium Province, consolidating more than 50km of under-explored uranium-bearing structures and expanding its footprint around high-grade deposits. At Nabarlek, DevEx has defined priority drill targets at the Sandfire prospect, secured environmental approvals for drilling in 2026, and advanced soil sampling and drill planning at the Murphy West uranium project. In Queensland, metallurgical test work at the Kennedy rare earth project has demonstrated strong recoveries and favourable leach characteristics consistent with a simple heap leach flowsheet for its ionic adsorption clay resource, underscoring its potential as a strategically important domestic REE asset. To fund these initiatives and its expanded exploration program, DevEx raised approximately $38.9 million through an institutional placement and oversubscribed share purchase plan, leaving it well capitalised to pursue its acquisition-led growth strategy and further corporate opportunities aimed at enhancing shareholder value.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources has disclosed a change in director Tim Goyder’s relevant interests in the company’s securities following his participation, via associated entities, in a Share Purchase Plan on 30 December 2025. Through the TRB Goyder Superannuation Fund and his wife Linda Goyder’s holdings, Goyder indirectly acquired a total of 413,794 fully paid ordinary shares for $60,000, lifting his aggregate holding to 86,897,621 shares, a move that modestly increases his exposure to the company and may be viewed as a signal of continued confidence in DevEx’s prospects by a key insider.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources has disclosed a change in director Matthew Yates’ indirect shareholding following his participation in the company’s Share Purchase Plan. Through Beacon Exploration Pty Ltd, of which Yates is the sole director, his indirect holding of fully paid ordinary shares increased from 100,000 to 306,897 after acquiring an additional 206,897 shares for $30,000, signalling further alignment of the director’s interests with those of shareholders.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources Limited has applied to the ASX for quotation of 47,700,097 new fully paid ordinary shares under the code DEV, following their issue on 30 December 2025. The additional securities, issued pursuant to a previously announced transaction, will expand the company’s quoted capital base and may have implications for existing shareholders through increased share liquidity and potential dilution, depending on the terms of the prior capital raising or transaction.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources has raised approximately A$6.9 million through an oversubscribed Share Purchase Plan, more than doubling its initial A$3 million target after strong demand from existing shareholders. The board chose to accept all valid applications, resulting in the issue of 47.7 million new shares at A$0.145 each, matching the price of a recent placement. The funds will be used to support recently acquired exploration tenure from Rio Tinto Exploration and Alligator Energy in the Alligator Rivers Uranium Province, underpinning an expanded exploration campaign across its consolidated Nabarlek and Murphy West uranium projects in 2026 and providing additional working capital, thereby reinforcing DevEx’s strategic push to build a leading position in this key uranium district.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources Limited has called a General Meeting of shareholders to be held in West Perth on 22 January 2026 at 10:30am WST. The company will provide the Notice of Meeting and explanatory materials electronically via its website rather than mailing physical copies, except to investors who have opted for hard-copy communications, and is urging shareholders to vote either online or by returning personalised proxy forms to its share registry ahead of the proxy deadline on 20 January 2026, reinforcing its push for efficient, digital shareholder engagement and broad participation in the meeting.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
DevEx Resources Ltd announced that Graham Kluck has ceased to be a substantial holder in the company as of December 9, 2025. This change occurred due to a dilution of shares resulting from new shares issued by the company, affecting over 25 million fully paid ordinary shares. The announcement indicates a shift in the company’s shareholder structure, which may impact its governance and decision-making processes.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.