DGR Global Limited (DGR) AI Stock Analysis

• Market Cap: AU$32.35M
• Dividend Yield: N/A
• Average Volume (3M): 697.21K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.03
• Revenue Growth: -100.00%
• EPS Growth: 70.47%
• Country: AU
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.02
• 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: 42 Neutral
• Price Target: AU$0.03 ▲(0.00% Upside)
• Action: Upgraded Date: 03/17/26
• Date: Action: Upgraded 03/17/26

The score is driven primarily by very weak financial performance (zero/declining revenue, large ongoing losses, negative cash flow) and increased balance-sheet risk from higher leverage and reduced equity. Technicals add only modest support due to overbought conditions, and valuation is not supportive given negative earnings and no dividend.

Positive Factors

Investment/incubation model

DGR’s core model is to acquire and advance exploration assets rather than rely on steady operating sales. This creates durable upside via asset staging and re-rating when projects are farmed out or sold, allowing value creation even with limited recurring revenue.

Multiple monetisation pathways

Having structured exit routes—sales, farm-outs, spinouts and equity sales—gives DGR durable optionality to realise value across different market conditions. Multiple transaction types reduce dependence on a single outcome and help attract JV partners with complementary capital.

Sizable asset base

Despite operational weakness, a roughly A$47m asset base provides tangible resources to underpin transactions or collateralise financing. This asset foundation supports the incubation model by enabling farm-ins, joint ventures, or disposals that can unlock value over the medium term.

Negative Factors

Zero and declining revenue

The absence of operating revenue removes a steady cash buffer and forces reliance on intermittent transaction proceeds and capital raises. Over months this amplifies funding risk, reduces operational resilience, and makes sustaining exploration work dependent on successful monetisation events.

Persistent cash burn

Consistent negative operating and free cash flow indicate structural cash consumption to advance projects and overheads. This persistent burn elevates the probability of dilution through equity raises or restrictive financing, constraining long-term project funding and strategic flexibility.

Rising leverage

Materially higher debt and a much-reduced equity cushion weaken balance sheet resilience. With no recurring revenues and negative cash flow, elevated leverage increases refinancing and covenant risk, narrows strategic options and may make negotiating favorable JV or offtake terms harder.

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’s revenue model is primarily investment- and transaction-driven rather than based on steady operating sales. It seeks to create value by (1) acquiring or securing interests in mineral exploration tenements/projects at relatively low cost, (2) funding and managing exploration and technical work to advance those assets, and (3) monetising value uplift through corporate outcomes such as selling or farming out projects, spinning assets into separately listed/unlisted vehicles, and/or selling down equity stakes after a re-rating. As a result, earnings (when generated) typically come from realised gains on disposals of investments or project interests, transaction and deal-related proceeds (e.g., consideration received in cash and/or shares), and potential fees or reimbursements where DGR provides corporate/technical services to portfolio entities (specific fee arrangements: null). Ongoing cash inflows may also include dividends or distributions from investees where applicable (null for confirmed instances), and its funding often relies on capital raisings to support portfolio work between monetisation events (capital raising proceeds are financing, not revenue). Significant partnerships or factors contributing to earnings are generally tied to joint ventures, farm-in/farm-out agreements, and strategic investors involved in progressing or funding specific projects; specific named partnerships and their economic terms: null.

DGR Global Limited Financial Statement Overview

Summary

Financials are highly stressed: revenue is minimal and has declined to zero in 2025, net losses are persistent and large, and operating/free cash flow remain deeply negative with worsening cash burn. Balance sheet risk increased in 2025 as debt rose sharply while equity shrank, reducing flexibility and increasing funding risk.

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	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	0.00	164.67K	456.32K	761.14K	1.44M
Gross Profit	-99.88K	-137.96K	164.67K	456.32K	761.14K	1.44M
EBITDA	-9.97M	-9.95M	-46.83M	-1.55M	-2.91M	1.33M
Net Income	-26.35M	-13.80M	-46.65M	-9.52M	-9.14M	-1.06M
Balance Sheet
Total Assets	129.02M	47.29M	47.32M	129.11M	184.84M	172.23M
Cash, Cash Equivalents and Short-Term Investments	5.71M	2.43M	1.93M	2.43M	2.58M	1.95M
Total Debt	29.58M	29.24M	10.30M	3.92M	4.22M	1.52M
Total Liabilities	72.40M	33.21M	17.22M	16.67M	31.27M	26.68M
Stockholders Equity	57.48M	14.89M	30.69M	105.59M	145.50M	136.92M
Cash Flow
Free Cash Flow	-10.79M	-12.78M	-7.46M	-8.22M	-5.45M	-3.13M
Operating Cash Flow	-11.05M	-12.39M	-5.56M	-3.61M	-2.87M	-849.23K
Investing Cash Flow	502.02K	328.03K	-1.10M	3.95M	-1.80M	-7.66M
Financing Cash Flow	10.01M	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%
FIN	51 Neutral	AU$17.48M	-6.99	-23.12%	―	―	83.93%
M24	45 Neutral	AU$7.46M	-3.69	-22.17%	―	―	0.81%
ACS	44 Neutral	AU$20.56M	-2.41	-84.62%	―	―	-11.90%
DGR	42 Neutral	AU$32.35M	-0.38	-79.11%	―	-100.00%	70.47%
IMI	41 Neutral	AU$4.48M	-0.09	-139.83%	―	―	57.55%

DGR Global Limited Corporate Events

DGR Global Files Interim Report and Confirms Governance Structure

DGR Global Limited has released its interim report for the period ended 31 December 2025, providing stakeholders with updated corporate and financial information. The report highlights the company’s current board and governance structure, including its non-executive chairman, managing director, and other key directors, as well as details of its registry, auditor, and legal advisers.

The disclosure reinforces DGR Global’s compliance and transparency standards as an ASX-listed entity, underpinned by its engagement with established service providers such as BDO Audit and Link Market Services. While the document is largely administrative, it signals the company’s continued adherence to regulatory reporting obligations and provides investors with clear points of contact and governance references.

The most recent analyst rating on (AU:DGR) stock is a Sell 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 Updates Quarterly Cash Flow Report to Clarify Loan Facilities

DGR Global Limited has issued an updated Appendix 5B for the quarter ended 31 December 2025 after correspondence with the ASX about its reporting under Listing Rule 18.8. The revision primarily clarifies the disclosure of loan and financing facilities, including aligning total facility amounts across sections and updating key terms such as agreement dates, repayment dates, and exchange rate details for several loans.

The company has also removed one repaid loan that has been consolidated into the Samuel loan facility and added a new loan facility, refining the presentation of its funding arrangements. DGR states that the updated cash flow report now fully complies with ASX Listing Rules and Guidance Note 23, aiming to enhance transparency for investors regarding its financing structure and quarter-end cash flow position.

The most recent analyst rating on (AU:DGR) stock is a Sell 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 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.