DGR Global Limited (DGR) AI Stock Analysis

• Market Cap: AU$29.22M
• Dividend Yield: N/A
• Average Volume (3M): 697.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.10
• 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: 40 Underperform
• Price Target: AU$0.03 ▲(3.33% Upside)
• Action: Downgraded Date: 02/26/26
• Date: Action: Downgraded 02/26/26

The score is driven primarily by very weak financial performance (zero/minimal revenue, large ongoing losses, sustained negative cash flow) and increased balance-sheet risk from sharply higher debt alongside reduced equity. Technicals are also bearish (negative MACD, price below the 50-day average), while valuation offers limited support due to negative earnings and no dividend yield data.

Positive Factors

Investment/incubation model optionality

DGR’s incubation/investment model creates durable optionality: by acquiring and advancing projects then farming out, spinning or selling stakes, the company can generate outsized, non-linear returns as assets are de-risked. That structural model supports episodic monetisation potential even with low recurring revenue.

Sizeable asset base supports monetisation

A tangible asset base (~A$47.3m) provides a foundation for the incubation model: assets can be farmed out, sold or used as equity in corporate transactions. This reduces pure cash-dependency and gives management discrete assets to realise value from, supporting medium-term recovery options.

Lean cost base and low market volatility

A very small headcount (5 employees) limits fixed overhead, preserving runway between capital raises and allowing focused portfolio management. Low beta indicates limited market sensitivity, which can reduce financing volatility and help management execute longer-dated exploration and corporate outcomes with lower short-term market pressure.

Negative Factors

Revenue collapsed to zero in 2025

The absence of operating revenue in 2025 means the business cannot self-fund activity through sales, making the company structurally reliant on sporadic transaction proceeds or external capital. That dependency increases execution risk for advancing projects and reduces resilience to funding interruptions.

Worsening operating cash burn

Sustained and growing negative operating cash flow materially shortens runway and forces dependence on dilutive capital raises or distressed asset sales. Even with reported FCF improvement versus 2024, persistent large outflows impair the ability to selectively fund high-return work and elevate refinancing and execution risk.

Rising debt and compressed equity cushion

A sharp rise in debt and a markedly smaller equity base (leverage ~2.0x) reduce financial flexibility and increase interest/refinancing exposure. The diminished equity cushion limits the company's ability to absorb further losses or fund exploration without significant dilution, threatening the viability of long-term development plans.

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 severely stressed: revenue is minimal and declining to zero in 2025, losses remain large and persistent (net income deeply negative), and operating/free cash flow are consistently negative with worsening operating cash burn in 2025. Balance sheet risk increased as debt rose sharply while equity shrank, 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	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	164.67K	456.32K	761.14K	1.44M
Gross Profit	-137.96K	164.67K	456.32K	761.14K	1.44M
EBITDA	-9.95M	-46.83M	-1.55M	-2.91M	1.33M
Net Income	-13.80M	-46.65M	-9.52M	-9.14M	-1.06M
Balance Sheet
Total Assets	47.29M	47.32M	129.11M	184.84M	172.23M
Cash, Cash Equivalents and Short-Term Investments	2.43M	1.93M	2.43M	2.58M	1.95M
Total Debt	29.24M	10.30M	3.92M	4.22M	1.52M
Total Liabilities	33.21M	17.22M	16.67M	31.27M	26.68M
Stockholders Equity	14.89M	30.69M	105.59M	145.50M	136.92M
Cash Flow
Free Cash Flow	-12.78M	-7.46M	-8.22M	-5.45M	-3.13M
Operating Cash Flow	-12.39M	-5.56M	-3.61M	-2.87M	-849.23K
Investing Cash Flow	328.03K	-1.10M	3.95M	-1.80M	-7.66M
Financing Cash Flow	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	54 Neutral	AU$9.16M	-2.20	-49.72%	―	―	0.81%
FIN	45 Neutral	AU$15.77M	-14.44	-24.22%	―	―	83.93%
ACS	44 Neutral	AU$22.03M	-4.79	-204.45%	―	―	-11.90%
IMI	41 Neutral	AU$5.60M	-0.27	-157.99%	―	―	57.55%
DGR	40 Underperform	AU$29.22M	-2.50	-60.54%	―	-100.00%	70.47%

DGR Global Limited Corporate Events

DGR Global Highlights Key Shareholder Approvals in SolGold Takeover by Jiangxi Copper

DGR Global Limited has highlighted its significant shareholding in SolGold plc following key approvals for a proposed takeover. SolGold shareholders voted in favour of a recommended cash acquisition by Jiangxi Copper (Hong Kong) Investment Company Limited at 28 pence per share at both a Court Meeting and a General Meeting held on 23 February 2026.

The transaction, which remains subject to court sanction and remaining conditions, could crystallise substantial value for DGR’s 204,151,800 SolGold shares if completed. DGR indicated it will keep the market informed of material developments, signalling the importance of this deal to its investment portfolio and to stakeholders tracking the monetisation of its resource-focused holdings.

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 to Back Jiangxi Copper’s Takeover Offer for SolGold

DGR Global Limited has confirmed it will vote in favour of Jiangxi Copper (Hong Kong) Investment Company’s offer to acquire London-listed SolGold plc at 28 pence per share via a scheme of arrangement. The decision reflects DGR’s position as a significant SolGold shareholder and follows the unanimous support of the SolGold board for the proposal.

The DGR board noted that no alternative or superior proposals have emerged since the Jiangxi Copper offer was announced, reinforcing its decision to back the transaction. Director Nicholas Mather abstained from deliberations in line with DGR’s governance policies, and the company said it will continue to update shareholders on any material developments under its continuous disclosure obligations.

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 Moves to Remedy ASX Listing Rule Breach on Related-Party Loan

DGR Global Limited has disclosed that the ASX considers it to be in breach of Listing Rule 10.1 over a recent $500,000 advance drawn under a related-party facility with Samuel Holdings Pty Ltd, secured against all of DGR’s assets. The company initially believed this tranche did not require separate shareholder approval because the security had been previously approved and the amount was less than 5% of its equity, but ASX viewed it as a separate transaction requiring prior approval.

To address the breach, DGR will seek shareholder approval for the $500,000 tranche as well as for a further $1 million of potential drawdowns under the same facility, after ASX refused previous waiver applications. The company plans to convene a general meeting in late March or early April 2026, supported by an independent expert’s report, signalling closer regulatory scrutiny of its related-party financing structures and underscoring the need for shareholder endorsement of future funding arrangements.

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 Signals Conditional Support for Jiangxi Copper’s Takeover of SolGold

DGR Global, a specialist in establishing resource exploration and mining ventures, has built its portfolio by identifying commodities with attractive long-term fundamentals and securing projects in prospective, under-explored jurisdictions with improving regulatory frameworks.
In its latest move as a major shareholder in SolGold plc, DGR Global’s board has stated its current intention to support Jiangxi Copper (Hong Kong) Investment Company’s 28 pence-per-share scheme of arrangement to acquire SolGold, ahead of a shareholder vote on 23 February 2026, while reserving the right to change its stance if a superior proposal emerges. The decision, made without the participation of managing director Nicholas Mather in line with governance policies, signals conditional backing for the transaction and underscores DGR’s focus on maximising value from its strategic holdings, with further updates to be provided under its continuous disclosure obligations.

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 Clarifies Board Process and Stance on Jiangxi Copper’s Offer for SolGold

DGR Global Limited, a resources project generator, builds and nurtures exploration and mining companies by identifying commodities with strong long-term prospects in under-explored but well-endowed geological regions, particularly where regulatory and socio-economic conditions are improving. The company relies on advanced exploration techniques and an in-house geoscience team to secure and advance attractive resource projects.

In a clarification to its recent quarterly report, DGR Global stated that its assessment of Jiangxi Copper (Hong Kong) Investment Company Limited’s takeover offer for London-listed SolGold plc was conducted by all DGR directors except managing director Nicholas Mather, who recused himself due to his dual role as a SolGold non-executive director. The board majority considers the Jiangxi Copper offer inadequate as it significantly undervalues SolGold, though DGR has not yet finalised how it will vote at SolGold’s 23 February 2026 general meeting and plans to update the market once a decision is made.

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 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.