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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -3.15M | -2.93M | -17.00K | -11.00K | -14.00K |
| EBITDA | -5.87M | -7.07M | -8.32M | -8.00M | -5.87M |
| Net Income | -5.01M | -5.66M | -7.30M | -7.50M | -5.51M |
Balance Sheet | |||||
| Total Assets | 49.94M | 55.89M | 62.09M | 65.73M | 71.64M |
| Cash, Cash Equivalents and Short-Term Investments | 11.20M | 25.46M | 38.61M | 46.73M | 52.63M |
| Total Debt | 135.00K | 228.00K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.76M | 5.08M | 3.19M | 2.31M | 1.31M |
| Stockholders Equity | 47.32M | 50.87M | 58.90M | 63.42M | 70.33M |
Cash Flow | |||||
| Free Cash Flow | -15.02M | -14.55M | -8.55M | -6.01M | -2.73M |
| Operating Cash Flow | -6.46M | -5.36M | -6.43M | -5.85M | -2.53M |
| Investing Cash Flow | -7.68M | -7.70M | 37.88M | 9.97M | -148.00K |
| Financing Cash Flow | -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 |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$151.84M | 4.76 | 10.13% | ― | 15.32% | 10.05% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | AU$568.66M | 3.21 | 15.33% | ― | 6.70% | ― | |
54 Neutral | AU$101.74M | 2.16 | 0.85% | ― | -16.97% | -94.15% | |
47 Neutral | AU$390.98M | -13.41 | -27.95% | ― | ― | -43.08% | |
47 Neutral | AU$120.95M | -23.96 | -23.79% | ― | ― | -280.00% | |
41 Neutral | AU$170.77M | -24.47 | -10.16% | ― | ― | 12.70% |
EcoGraf Corporate Events
EcoGraf has signed a Cooperation Agreement with the European Investment Bank under an EU technical assistance facility for critical raw materials, aimed at advancing its HFfree vertically integrated graphite business. The support will cover expansion studies for the Epanko Project, development of a midstream mechanical shaping facility in Tanzania and work to integrate EcoGraf’s output into the EU battery anode value chain, with EU institutions viewing Epanko as a key long-term supply source and encouraging the company to seek Strategic Project status under the Critical Raw Materials Act, potentially strengthening its role in sustainable European battery supply chains.
The most recent analyst rating on (AU:EGR) stock is a Sell with a A$0.35 price target. To see the full list of analyst forecasts on EcoGraf stock, see the AU:EGR Stock Forecast page.
EcoGraf reported progress on financing and technical de-risking of the Epanko Graphite Project, with completion of an Independent Engineers’ Report and the near-finalisation of an updated Bankable Feasibility Study, alongside discussions with KfW IPEX-Bank on development financing instruments. An expansion study confirmed the potential to scale Epanko production in stages up to 390,000 tonnes per annum within ten years under the existing mining licence, positioning the project as Africa’s largest planned graphite operation to support EcoGraf’s downstream facilities and growing global battery anode demand. The company advanced its EcoGraf HFfree® purification strategy with strong financial metrics for an initial 25,000 tpa US facility, plans for a comparable European plant, ongoing government grant discussions in the EU and US, and continued product qualification and recycling programs with battery makers and EV manufacturers. EcoGraf also progressed its gold exploration exposure via a US$9 million farm-in agreement with AngloGold Ashanti and early-stage exploration success across newly granted Tanzanian tenements, while bolstering corporate development capabilities, engaging with European policymakers, and ending the quarter with $8.1 million in cash and additional inflows post-period.
The most recent analyst rating on (AU:EGR) stock is a Sell with a A$0.35 price target. To see the full list of analyst forecasts on EcoGraf stock, see the AU:EGR Stock Forecast page.
EcoGraf Limited has completed an Independent Engineers’ Report for its Epanko graphite project, a key technical due diligence milestone required to secure debt financing under international project finance standards. The report’s submission to KfW IPEX-Bank supports the company’s efforts to obtain a senior secured loan facility of up to US$105 million under the German Untied Loan Guarantee scheme, and follows extensive work on resettlement, environmental and social studies to align with IFC, Equator Principles and other global benchmarks; the company now plans to finalise and deliver an updated Bankable Feasibility Study for Epanko in February 2026, advancing the project toward potential development and positioning EcoGraf more firmly within the global graphite supply chain.
The most recent analyst rating on (AU:EGR) stock is a Sell with a A$0.35 price target. To see the full list of analyst forecasts on EcoGraf stock, see the AU:EGR Stock Forecast page.
EcoGraf has reported strong maiden exploration results from its Tanzanian gold assets, highlighting high-grade rock chip and stream sediment assays at the Hazina prospect within its Southern Frontier project, which indicate significant gold prospectivity along a 3 km trend coincident with a major geophysical anomaly. Alongside these results, the company has expanded its Southern Frontier footprint with new licence applications and advanced its Golden Eagle Gold Project through the commencement of a US$9 million farm-in agreement with AngloGold Ashanti, reinforcing the strategic value of its Tanzanian gold portfolio and potentially enhancing future project development and investor interest in its gold assets.
The most recent analyst rating on (AU:EGR) stock is a Sell with a A$0.35 price target. To see the full list of analyst forecasts on EcoGraf stock, see the AU:EGR Stock Forecast page.
EcoGraf has reported strong results from its maiden exploration program across its Tanzanian gold assets, identifying 21 highly prospective prospects within its newly defined Golden Frontiers, which encompass the Golden Eagle project and three Frontier projects over more than 3,000 square kilometres. The standout Hazina prospect within the Southern Frontier returned a high‑grade 4.45 g/t gold rock chip and stream sediment assays up to 8,820 ppb with visible gold over a 3 km strike coincident with a large geophysical anomaly, prompting new licence applications covering 573 km², while the Golden Eagle project has entered a US$9 million farm‑in with AngloGold Ashanti and delivered an initial A$491,600 payment to EcoGraf. Additional priority prospects have been delineated in the Northern and Western Frontiers in Proterozoic belts analogous to known Tanzanian goldfields, and with a supportive Tanzanian government and surging gold prices, the company’s gold portfolio is gaining strategic significance alongside potential lithium, copper and nickel upside.
The most recent analyst rating on (AU:EGR) stock is a Sell with a A$0.35 price target. To see the full list of analyst forecasts on EcoGraf stock, see the AU:EGR Stock Forecast page.
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.