DGR Global Limited (DGR) AI Stock Analysis

• Market Cap: AU$35.49M
• Dividend Yield: N/A
• Average Volume (3M): 697.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.38
• Revenue Growth: -100.00%
• EPS Growth: 70.47%
• Country: AU
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 1,043,695,900
• 10 Day Avg. Volume: 1,015,416
• 30 Day Avg. Volume: 697,212
• PEG Ratio: <0.01
• Price to Book (P/B): 0.35
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.41
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: AU$0.03 ▲(10.00% Upside)

The score is held down primarily by very weak financial performance—zero/minimal revenue, large ongoing losses, persistent negative free cash flow, and higher 2025 leverage with reduced equity. Technicals provide some offset with an uptrend (price above key moving averages and positive MACD), but mixed momentum and an unhelpful valuation profile (negative P/E, no dividend yield data) keep the overall score low.

Positive Factors

Investment / incubation business model

DGR's asset-centric incubation model is durable: it focuses capital on advancing exploration assets then realising value through disposals, farm-outs or spinoffs. That operating design can generate outsized episodic returns without needing a large steady operating business, aligning incentives for long-term value creation.

Sizable asset base

Having ~A$47m of recorded assets provides tangible optionality: assets can be monetised, used as JV contributions, or posted as collateral to secure project funding. This supports multiple exit routes and underpins the incubation model's ability to convert exploration work into financable or saleable value over time.

Lean operating structure

A very small headcount keeps fixed overhead low, extending runway between capital raises and allowing more cash to be directed to project expenditure or technical work. For an investment-led explorer, lean operations reduce burn and increase flexibility to pursue opportunistic transactions or farm-outs.

Negative Factors

Zero/minimal revenue and persistent losses

Sustained near-zero revenue and repeated large net losses undermine the firm's ability to self-fund exploration or corporate activity. Over months this forces reliance on asset sales or external funding, compresses strategic optionality, and raises execution risk for long-term project advancement.

Weakened balance sheet and higher leverage

Material debt growth with sharply reduced equity tightens financial flexibility. Higher leverage increases refinancing and covenant risk, can raise funding costs, and limits the company's ability to patiently advance assets—making it harder to wait for favourable conditions to monetise holdings.

Poor and worsening cash generation

Consistent negative operating and free cash flow creates structural funding pressure. Persistent cash burn increases dependence on dilutive capital raises or asset disposals, which can delay exploration programs, hinder long-term project value capture, and elevate execution risk across the portfolio.

DGR Global Limited Business Overview & Revenue Model

Company Description

DGR Global Limited, together with its subsidiaries, engages in the exploration and development of mineral properties. It explores for a range of commodities, including copper, gold, nickel, silver, tin, uranium, copper, molybdenum, vanadium, iron, lithium, cobalt, and oil and gas, as well as zinc deposits. The company's flagship project is the Kanywataba block that covers approximately 344 square kilometers located in Albertine Graben, Uganda. The company was formerly known as D'Aguilar Gold Limited and changed its name to DGR Global Limited in November 2011. DGR Global Limited was incorporated in 1991 and is based in Brisbane, Australia.

How the Company Makes Money

DGR Global Limited makes money primarily through its strategic investments and holdings in resource companies. The company generates revenue by acquiring and developing resource projects with significant potential and then monetizing these projects through sales, joint ventures, or public offerings. DGR Global holds equity interests in various exploration and mining companies, and it benefits financially when these entities succeed in their respective ventures. Additionally, the company may receive income through dividends, management fees, and capital gains from the sale of its interests in these projects. Strategic partnerships and joint ventures with other mining and exploration companies also play a crucial role in enhancing DGR Global's financial returns.

DGR Global Limited Financial Statement Overview

Summary

Financial performance is highly stressed: revenue is minimal and declining to zero in 2025, losses are persistent and very large (net income as low as -A$46.7m in 2024 and still -A$13.8m in 2025), and cash flow remains deeply negative with worsening operating cash burn (-A$12.4m in 2025). Balance-sheet risk increased in 2025 as debt rose sharply (A$29.2m) while equity fell to ~A$14.9m, reducing flexibility to fund ongoing losses.

Income Statement

Operating performance is very weak. Revenue is minimal and has trended down sharply from 2021–2024 (A$1.44m to A$0.16m), and 2025 shows zero revenue. Losses are persistent and large, with net income deteriorating from -A$1.1m (2021) to -A$46.7m (2024) and remaining deeply negative at -A$13.8m (2025). The apparent 100% gross margin in several years is not a strength here given the extremely small revenue base and heavy overheads driving sustained operating losses.

Balance Sheet

Balance sheet quality has weakened meaningfully. Debt increased materially to A$29.2m in 2025 from A$10.3m in 2024, pushing leverage higher (debt-to-equity rising to ~2.0x in 2025 from ~0.34x in 2024). Equity has also declined substantially versus prior years (from >A$100m in 2022–2023 to ~A$14.9m in 2025), reducing the cushion for continued losses. A positive is that total assets are still sizable (~A$47.3m in 2025), but returns on equity are consistently negative, highlighting ongoing value erosion.

Cash Flow

Cash generation is poor and worsening. Operating cash flow is negative every year shown and widened to -A$12.4m in 2025 from -A$5.6m in 2024, while free cash flow is also consistently negative (down to -A$12.8m in 2025). Free cash flow did improve versus 2024 (reported growth +70.9%), but it remains a sizable cash outflow. Cash burn alongside rising leverage increases funding risk if losses persist.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	164.67K	456.32K	761.14K	1.44M
Gross Profit	-137.96K	-137.96K	164.67K	456.32K	761.14K	1.44M
EBITDA	-9.95M	-9.95M	-46.83M	-1.55M	-2.91M	1.33M
Net Income	-13.79M	-13.80M	-46.65M	-9.52M	-9.14M	-1.06M
Balance Sheet
Total Assets	47.29M	47.29M	47.32M	129.11M	184.84M	172.23M
Cash, Cash Equivalents and Short-Term Investments	2.43M	2.43M	1.93M	2.43M	2.58M	1.95M
Total Debt	29.24M	29.24M	10.30M	3.92M	4.22M	1.52M
Total Liabilities	33.21M	33.21M	17.22M	16.67M	31.27M	26.68M
Stockholders Equity	14.89M	14.89M	30.69M	105.59M	145.50M	136.92M
Cash Flow
Free Cash Flow	-12.78M	-12.78M	-7.46M	-8.22M	-5.45M	-3.13M
Operating Cash Flow	-12.39M	-12.39M	-5.56M	-3.61M	-2.87M	-849.23K
Investing Cash Flow	328.03K	328.03K	-1.10M	3.95M	-1.80M	-7.66M
Financing Cash Flow	12.56M	12.56M	6.17M	-485.42K	5.30M	6.61M

DGR Global Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
M24	46 Neutral	AU$11.81M	-3.25	-49.72%	―	―	0.81%
DGR	45 Neutral	AU$35.49M	-2.58	-60.54%	―	-100.00%	70.47%
ACS	44 Neutral	AU$23.99M	-5.21	-204.45%	―	―	-11.90%
IMI	42 Neutral	AU$5.08M	-0.27	-157.99%	―	―	57.55%
FIN	42 Neutral	AU$11.62M	-12.22	-24.22%	―	―	83.93%

DGR Global Limited Corporate Events

DGR Global Reaffirms Resource Incubation Strategy and Rejects Valuation of SolGold Stake

DGR Global Limited has reiterated its strategy as a generator and incubator of resource exploration and mining companies, emphasizing its competitive edge in internally originating exploration projects, focusing on large provincial tenement positions, and using advanced exploration and metallurgical techniques in promising jurisdictions. In its latest quarterly activities update, the company noted that it considers Jiangxi Copper Investment’s bid for its 6.8% holding in SolGold Plc to be inadequate given the potential of SolGold’s Ecuadorean copper-gold assets, and highlighted ongoing reviews and appraisal of its copper and gold exploration targets and tenements across entities such as Auburn Resources, Coolgarra Resources, Pinnacle Gold and the historic Shamrock mine site in Queensland, reinforcing DGR’s long-term value proposition through its portfolio of early- to mid-stage resource investments.

The most recent analyst rating on (AU:DGR) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on DGR Global Limited stock, see the AU:DGR Stock Forecast page.

DGR Global Secures Additional Funding to Boost Operations

DGR Global Limited has announced an additional $500,000 drawdown under its loan facility with Samuel Holdings Pty Ltd, which will provide the company with needed working capital. This financial arrangement is part of a broader plan to increase the facility by a further $1,000,000, contingent on regulatory and shareholder approvals. The board views this as a strategic move to support the company’s ongoing programs and secure necessary approvals, thereby strengthening its operational capabilities.

DGR Global Benefits from SolGold’s Strategic Moves and Project Advancements

DGR Global Limited announced that SolGold, in which it holds a significant stake, rejected a non-binding acquisition proposal from Jiangxi Copper. The rejection led to an increase in SolGold’s share price, positively impacting DGR’s market valuation. SolGold is advancing its Cascabel project, which has shown promising economic potential with substantial copper and gold resources. The inclusion of the Tandayama deposit is expected to enhance the project’s financial metrics and funding prospects. SolGold is also exploring additional funding options and holds numerous exploration targets in Ecuador, indicating potential for further resource discoveries.

DGR Global Limited Issues Unquoted Equity Securities

DGR Global Limited announced the issuance of 60,000,000 unquoted equity securities in the form of options, set to expire on December 1, 2028, with an exercise price of $0.04. This move is part of an employee incentive scheme and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and providing motivation for employees.

DGR Global Limited Approves Key Resolutions at Security Holders Meeting

DGR Global Limited held a meeting of security holders on November 28, 2025, where several resolutions were passed. Key decisions included the approval of the remuneration report, the re-election of Ben Hassell, and the issuance of 20 million options each to Peter Wright, Brian Moller, and Ben Hassell. Additionally, the company approved an increase in placement capacity under Listing Rule 7.1A. These resolutions indicate a strategic move to strengthen leadership and expand financial capabilities, potentially enhancing the company’s operational and market positioning.

DGR Global Sees Positive Re-Rating of SolGold Investment on Cascabel Project Plans

DGR Global Limited has announced a significant development regarding its investment in SolGold plc, which has been re-rated due to the strategic development plans for the Cascabel Project in northern Ecuador. SolGold’s updated resource definition and exploration activities at the Tandayama deposit, part of the Cascabel Project, have led to a revised near-surface resource estimate and optimized potential pit shells. This development is expected to enhance the project’s value and financing capability, with plans for early open-pit development at Tandayama. DGR Global is optimistic about the potential of the copper-gold porphyry targets at Tandayama and supports SolGold’s strategies to advance the project.

DGR Global Limited: Innovating Resource Exploration and Development

DGR Global Limited’s quarterly activities report highlights its unique business model of creating resource exploration, development, and mining companies. The company emphasizes its strategic approach in identifying commodities with strong long-term fundamentals and securing projects in favorable geological and regulatory environments. DGR Global’s model has yielded significant returns, such as the sale of its stake in Orbis Gold, and it continues to hold key equity positions in several listed and unlisted companies, indicating ongoing potential for stakeholder value.