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EcoGraf
(Sydney:EGR)
EcoGraf (EGR) vs. iShares MSCI Australia ETF (EWA)
EcoGraf Business Overview & Revenue Model
EcoGraf Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.28M | -3.15M | -2.93M | -17.00K | -11.00K | -14.00K |
| EBITDA | -3.94M | -5.87M | -7.07M | -8.32M | -8.00M | -5.87M |
| Net Income | -3.61M | -5.01M | -5.66M | -7.30M | -7.50M | -5.51M |
Balance Sheet | ||||||
| Total Assets | 49.94M | 49.94M | 55.89M | 62.09M | 65.73M | 71.64M |
| Cash, Cash Equivalents and Short-Term Investments | 11.20M | 11.20M | 25.46M | 38.61M | 46.73M | 52.63M |
| Total Debt | 135.00K | 135.00K | 228.00K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.76M | 2.76M | 5.08M | 3.19M | 2.31M | 1.31M |
| Stockholders Equity | 47.32M | 47.32M | 50.87M | 58.90M | 63.42M | 70.33M |
Cash Flow | ||||||
| Free Cash Flow | -15.02K | -15.02M | -14.55M | -8.55M | -6.01M | -2.73M |
| Operating Cash Flow | -6.46K | -6.46M | -5.36M | -6.43M | -5.85M | -2.53M |
| Investing Cash Flow | -3.74M | -7.68M | -7.70M | 37.88M | 9.97M | -148.00K |
| Financing Cash Flow | -56.06K | -113.00K | -90.00K | 454.00K | 110.00K | 52.53M |
EcoGraf Technical Analysis
EcoGraf Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$742.24M | 13.70 | 15.33% | ― | 6.70% | ― | |
62 Neutral | AU$148.74M | 12.12 | 8.79% | ― | 15.32% | 10.05% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$251.41M | -31.72 | -27.95% | ― | ― | -43.08% | |
48 Neutral | AU$74.19M | 142.00 | 0.85% | ― | -16.97% | -94.15% | |
44 Neutral | AU$123.77M | -6.58 | -21.39% | ― | ― | -280.00% | |
41 Neutral | AU$173.08M | -34.55 | -10.16% | ― | ― | 12.70% |
EcoGraf Corporate Events
EcoGraf has appointed veteran mining and finance executive John Ciganek as General Manager – Corporate Development to support its next phase of growth, as it progresses the Epanko Graphite Project in Tanzania towards development and staged expansion and accelerates its HFfree® battery anode material strategy internationally. With more than 30 years’ experience in mining operations, project finance, corporate advisory and over A$5 billion in strategic funding raised for resource projects globally, Ciganek is expected to bolster EcoGraf’s capabilities in project development, strategic equity financing, offtake negotiations and government and strategic partner engagement, strengthening the company’s positioning to capitalise on rising demand for sustainable battery materials.
The most recent analyst rating on (AU:EGR) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on EcoGraf stock, see the AU:EGR Stock Forecast page.
EcoGraf Limited has received a A$1.7 million Research and Development tax incentive from the Australian Taxation Office, recognising eligible R&D expenditure on its proprietary EcoGraf HFfree® purification technology during the 2025 financial year and strengthening its cash position as it advances its integrated graphite operations. The company has also applied for approximately €4 million in government grants from Europe to support technical development of its Tanzanian upstream and midstream graphite activities and its proposed downstream battery anode material operations in Europe, underscoring its ambition to deepen its presence in global battery materials supply chains and bolster funding for its growth initiatives.
The most recent analyst rating on (AU:EGR) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on EcoGraf stock, see the AU:EGR Stock Forecast page.
EcoGraf Limited has advised the ASX that director Keith Jones has ceased to be a director of the company effective 31 December 2025. A final director’s interest notice shows that Jones holds no EcoGraf securities in his own name but has an indirect interest in 85,000 fully paid ordinary shares through K & J Corporate Pty Ltd, where he is a director, indicating a relatively modest continuing shareholding despite his departure from the board.
The most recent analyst rating on (AU:EGR) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on EcoGraf stock, see the AU:EGR Stock Forecast page.
EcoGraf Limited has announced the resignation of non-executive director Keith Jones, effective 31 December 2025, citing personal reasons, with the board publicly thanking him for his governance, contributions and oversight during his tenure. The company said its current board structure remains appropriate but plans to appoint an additional director to further strengthen board capabilities in support of its planned Battery Anode Material developments in 2026, signalling continued focus on executing its strategic growth plans in the battery materials sector.
The most recent analyst rating on (AU:EGR) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on EcoGraf stock, see the AU:EGR Stock Forecast page.
EcoGraf Limited has announced the commencement of a farm-in agreement with AngloGold Ashanti for the Golden Eagle Project in Tanzania, following the granting of prospecting licenses. This partnership allows AngloGold Ashanti to earn a 70% stake by investing US$9 million over five years, while EcoGraf retains a 30% interest. The project is strategically located in a highly prospective gold region and aims to leverage AngloGold Ashanti’s expertise to discover a Tier-1 gold deposit. This agreement enables EcoGraf to focus on its core graphite business while benefiting from potential gold discoveries and rising gold prices.
EcoGraf Limited has announced a change in the director’s interest notice, specifically regarding Robert Pett. The change involves the acquisition of 1,250,000 shares following the conversion of vested performance rights, resulting in an increase in the indirect holdings of shares by Economics Consultants Pty Ltd, as trustee for the RJ and SL Pett Super Fund. This development reflects a strategic adjustment in the director’s investment portfolio, potentially signaling confidence in the company’s future prospects and stability.
EcoGraf Limited has completed key technical documents necessary for the Independent Engineers’ Report, a crucial step towards securing debt financing for the Epanko graphite project. This milestone aligns with international environmental and social standards and supports the company’s strategy to supply high-purity graphite products to the German industry and global lithium-ion battery markets. The collaboration with KfW IPEX-Bank reflects a shared commitment to sustainable development, with potential financing instruments from KfW supporting the Epanko Project and surrounding communities.
EcoGraf Limited has announced the issuance of 4,375,000 fully paid ordinary shares following the exercise of vested performance rights under its Incentive Securities Plan. This move is part of the company’s strategic efforts to enhance its market position in the battery anode materials industry. The issuance of shares without disclosure under the Corporations Act signifies EcoGraf’s compliance with regulatory requirements and its ongoing commitment to expanding its operations and supporting sustainable battery supply chains.
EcoGraf Limited announced the quotation of 4,375,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 8, 2025. This move is part of the company’s strategy to enhance its capital structure and market presence, potentially impacting its operational capabilities and offering new opportunities for stakeholders in the graphite market.
EcoGraf Limited announced the results of its 2025 Annual General Meeting, where all resolutions were decided by a poll. Despite receiving a second successive vote of at least 25% against its Remuneration Report, the related spill resolution was not carried. The outcomes of the meeting, including the re-election of director Keith Jones and the approval of the 7.1A mandate, reflect the company’s ongoing governance and strategic decisions, which are crucial for its operations and stakeholder relations.
EcoGraf Limited has announced the Epanko Graphite Project Expansion Study, which explores the potential to increase production to 390,000 tpa, making it Africa’s largest planned graphite producer. This expansion supports EcoGraf’s strategy to develop HFfree® purification facilities globally, driven by rising demand for battery anode materials. The study outlines a staged production ramp-up and highlights strong financial metrics for purification facilities in the US and Europe, with ongoing discussions for government grant funding. The expansion aligns with EcoGraf’s goal to provide a sustainable, low-cost solution for the growing electric vehicle and lithium-ion battery markets.
EcoGraf Limited announced the issuance of 250,000 fully paid ordinary shares to an eligible contractor and 300,000 shares on the exercise of vested employee performance rights. This move is part of the company’s ongoing efforts to strengthen its market position in the battery anode materials industry. The issuance of shares without disclosure under the Corporations Act signifies the company’s compliance with regulatory requirements and reflects its strategic focus on expanding its operations and enhancing shareholder value.
EcoGraf Limited has announced the quotation of 250,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code EGR. This move is part of the company’s ongoing efforts to enhance its market presence and provide additional value to its stakeholders by expanding its capital base.
EcoGraf Limited has announced the quotation of 300,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 5, 2025. This move is part of the company’s strategy to enhance its market presence and capitalize on the increasing demand for graphite products, potentially impacting its operational growth and positioning within the industry.
EcoGraf Limited has made significant progress in its operations, with the Independent Engineer’s Report for the Epanko Graphite Project expected soon, a key step in securing a US$105 million loan for its construction. The company is also advancing its EcoGraf HFfree® purification facilities, which demonstrate strong financial metrics and cost efficiencies. Additionally, EcoGraf is engaging in strategic partnerships and government funding discussions to enhance its market position, especially in light of tightened global supply chains due to new Chinese export controls.
EcoGraf Limited has announced the details of its upcoming Annual General Meeting, scheduled for November 25, 2025. Shareholders are encouraged to participate either in person or via proxy voting. The meeting will address various resolutions, and shareholders are urged to submit their proxy votes by November 23, 2025. This meeting is significant for stakeholders as it provides an opportunity to engage with the company’s strategic direction and operational plans.
EcoGraf Limited has successfully completed the Resettlement Action Plan (RAP) for its Epanko Graphite Project in Tanzania, marking a critical milestone for the project’s debt financing. The RAP, which aligns with international standards, involves extensive community engagement and asset revaluation, and includes plans for a new resettlement village with infrastructure to support affected households. This development is expected to enhance EcoGraf’s project execution and strengthen its position in the graphite mining sector, while ensuring community support and compliance with regulatory requirements.