Element 25 Limited (E25) AI Stock Analysis

• Market Cap: AU$75.75M
• Dividend Yield: N/A
• Average Volume (3M): 653.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.42
• Revenue Growth: -85.84%
• EPS Growth: 73.66%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 265,776,820
• 10 Day Avg. Volume: 1,064,426
• 30 Day Avg. Volume: 653,929
• PEG Ratio: 0.12
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 27.54
• P/FCF Ratio: -4.17
• 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: 47 Neutral
• Price Target: AU$0.28 ▼(-14.85% Downside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is held down primarily by severe financial weakness (sharp revenue contraction, heavy losses, and negative cash flow). Technicals provide partial support with the share price trading above key moving averages and neutral-to-mild momentum, but valuation remains unfavorable due to ongoing losses (negative P/E) and no dividend yield data.

Positive Factors

Low leverage / strong capital structure

Minimal financial leverage reduces fixed interest costs and gives Element 25 flexibility to manage operations or raise capital without heavy debt service. Over several months this preserves liquidity optionality, limits bankruptcy risk and supports strategic investment or project funding choices.

Clear commodity-based revenue model

A straightforward revenue model based on producing and selling manganese concentrate ties cash generation to physical output and long-term offtake relationships. If production is stable, this provides predictable cash flows and clear levers (volume, grade, costs) to improve profitability over months.

Exposure to battery and industrial markets

Strategic optionality to move downstream into battery and industrial manganese products aligns with structural electrification trends. Over 2-6 months this pathway supports potential margin enhancement and diversification of revenue streams once executed, improving long-term commercial resilience.

Negative Factors

Severe revenue contraction

A near-80% revenue drop signals material demand, production or sales disruptions that undermine the business base. Persisting at this level jeopardizes scale economics, hinders cost absorption and requires meaningful operational fixes to restore sustainable top-line performance.

Deep negative margins and losses

Very large negative margins reflect costs far exceeding revenues and point to structural unprofitability if not corrected. Over months this erodes equity, constrains reinvestment, and forces management to restructure operations or seek external capital to avoid ongoing value dilution.

Negative operating and free cash flow

Persistent cash burn creates near-term funding pressure and limits the company's ability to self-fund operations or project development. Without improved cash generation, Element 25 will likely need external financing which can be dilutive or costly, affecting long-term strategic flexibility.

Element 25 Limited Business Overview & Revenue Model

Company Description

Element 25 Limited engages in the exploration of mineral properties in Australia and France. The company explores for manganese, copper, and nickel deposits. It owns a 100% interest in the Butcherbird manganese project for producing high purity manganese sulphate monohydrate for use in lithium-ion battery. The company's Butcherbird project is located to the north of Perth and south of Newman in the Pilbara region, Western Australia. It also holds 100% interest in the Pinnacles project located to the northeast of Kalgoorlie. The company was formerly known as Montezuma Mining Company Limited and changed its name to Element 25 Limited in May 2018. Element 25 Limited was incorporated in 2006 and is based in Osborne Park, Australia.

How the Company Makes Money

Element 25 makes money primarily by selling manganese concentrate produced from its mining and processing operations (notably the Butcherbird Manganese Project). Revenue is generated from product sales to customers under offtake/sales arrangements, with earnings influenced by sales volumes, realized manganese pricing, product grade/specifications, and operating costs (mining, processing, logistics, and shipping). The company’s cash flow is therefore tied to its ability to consistently produce concentrate, secure customers, and deliver product to market. Information on specific customer names, contract terms, pricing formulas, or partnership details is null.

Element 25 Limited Financial Statement Overview

Summary

Weak fundamentals: steep revenue decline (-78.44%), deeply negative profitability (gross margin -192.32%, net margin -311.58%), and negative operating/free cash flow. Low leverage (debt-to-equity 0.005) is a key offset but does not outweigh ongoing losses and cash burn.

Income Statement

Element 25 Limited has experienced significant revenue decline with a negative revenue growth rate of -78.44% in the most recent year. The company also shows negative margins across the board, including a gross profit margin of -192.32% and a net profit margin of -311.58%, indicating substantial losses relative to revenue. These metrics highlight severe profitability challenges and a need for strategic improvements.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio of 0.005, suggesting minimal leverage, which is a positive aspect. However, the return on equity is negative, reflecting ongoing losses. The equity ratio is relatively stable, indicating a solid capital structure despite profitability issues.

Cash Flow

Operating cash flow and free cash flow are both negative, with a free cash flow to net income ratio of 2.59, indicating cash flow challenges. The company has seen a decline in free cash flow growth, further emphasizing the need for cash management improvements.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	1.88M	1.88M	13.30M	33.47M	21.10M	34.94K
Gross Profit	-2.59M	-3.62M	-17.15M	-14.06M	-15.09M	-505.55K
EBITDA	-5.08M	-5.36M	-19.10M	-22.45M	-15.07M	-6.56M
Net Income	-5.33M	-5.87M	-21.52M	-24.88M	-18.10M	-6.49M
Balance Sheet
Total Assets	70.52M	62.23M	65.19M	68.06M	60.92M	68.97M
Cash, Cash Equivalents and Short-Term Investments	8.05M	2.50M	11.57M	29.54M	16.98M	38.15M
Total Debt	186.73K	282.37K	180.02K	547.29K	890.25K	1.16M
Total Liabilities	7.43M	7.16M	8.06M	12.64M	15.64M	6.50M
Stockholders Equity	63.08M	55.07M	57.13M	55.43M	45.28M	62.47M
Cash Flow
Free Cash Flow	-9.18M	-12.44M	-40.49M	-21.87M	-21.46M	-27.88M
Operating Cash Flow	-3.50M	-4.81M	-20.01M	-20.63M	-19.95M	-27.60M
Investing Cash Flow	-5.59M	-7.63M	-20.37M	1.31M	-1.03M	-282.12K
Financing Cash Flow	12.29M	3.12M	22.70M	33.49M	534.56K	60.04M

Element 25 Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.33
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:E25, the sentiment is Negative. The current price of 0.33 is below the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.35, and above the 200-day MA of 0.31, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 37.57 is Neutral, neither overbought nor oversold. The STOCH value of -1.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:E25.

Element 25 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%
CZR	48 Neutral	AU$64.65M	0.45	142.67%	―	―	-278.88%
E25	47 Neutral	AU$75.75M	-11.27	-10.46%	―	-85.84%	73.66%
TGN	47 Neutral	AU$335.12M	-13.41	-22.74%	―	―	-43.08%
BKT	44 Neutral	AU$31.14M	-1.90	-12.11%	―	―	23.60%
LEL	43 Neutral	AU$37.52M	-11.22	-0.02%	―	―	-12.34%