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Emu NL
(Sydney:EMU)
Emu NL (EMU) vs. iShares MSCI Australia ETF (EWA)
Emu NL Business Overview & Revenue Model
Emu NL Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 18.71K | 42.43K | 22.92K | 52.72K |
| Gross Profit | -7.82K | -7.82K | 18.71K | 27.53K | -10.76K | 27.00K |
| EBITDA | -2.82M | -2.81M | -2.03M | -1.97M | -3.29M | -5.86M |
| Net Income | -2.82M | -2.82M | -2.03M | -1.99M | -3.32M | -5.89M |
Balance Sheet | ||||||
| Total Assets | 382.34K | 382.34K | 201.96K | 1.21M | 895.95K | 1.83M |
| Cash, Cash Equivalents and Short-Term Investments | 188.69K | 188.69K | 158.17K | 1.15M | 784.96K | 1.75M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 253.57K | 253.57K | 235.66K | 213.71K | 261.66K | 220.55K |
| Stockholders Equity | 128.77K | 128.77K | -33.69K | 996.93K | 634.29K | 1.61M |
Cash Flow | ||||||
| Free Cash Flow | -2.89M | -2.89M | -2.00M | -2.00M | -2.96M | -4.04M |
| Operating Cash Flow | -2.86M | -2.86M | -1.94M | -1.90M | -2.85M | -2.50M |
| Investing Cash Flow | -32.50K | -32.50K | -57.51K | -87.89K | -77.42K | -1.50M |
| Financing Cash Flow | 2.92M | 2.92M | 1.00M | 2.35M | 1.95M | 4.18M |
Emu NL Technical Analysis
Emu NL Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$4.53M | ― | -16.88% | ― | ― | 73.55% | |
45 Neutral | AU$4.21M | ― | -71.65% | ― | ― | ― | |
44 Neutral | AU$8.91M | -3.23 | -29.77% | ― | ― | -19.23% | |
44 Neutral | AU$4.70M | -3.45 | -63.22% | ― | ― | -7.41% | |
42 Neutral | AU$10.59M | -2.02 | -5925.89% | ― | ― | 40.21% | |
37 Underperform | AU$5.98M | ― | -46.74% | ― | -100.00% | -42.86% |
Emu NL Corporate Events
Emu NL has reported that its ongoing reverse circulation drilling program at the Fiery Creek prospect in North Queensland has intersected visible primary copper sulphides in three drill holes, with mineralisation occurring as disseminated and banded chalcopyrite, bornite, and secondary cuprite along structures mapped at surface and confirmed at depth. The company is using a portable XRF unit to assist geological logging, has submitted one-metre samples from key holes for full multi-element analysis at Intertek Laboratories, and expects assay results in late January, a development that could clarify the copper and gold potential of Fiery Creek and influence Emu NL’s exploration strategy and project valuation.
Emu NL, listed on the Australian Securities Exchange (ASX: EMU), recently faced scrutiny regarding a placement conducted shortly before its Annual General Meeting (AGM). The Takeovers Panel reviewed an application concerning this placement, which was announced two weeks prior and executed one week before the AGM, where board composition was to be discussed. Despite concerns about the timing of the placement, the Panel concluded it did not influence control and found no sufficient evidence of an association. Consequently, the Panel decided against declaring the circumstances as unacceptable, stating it was not against the public interest.
Emu NL has clarified its announcement regarding historical corporate actions between November 2024 and October 2025. The company is investigating past transactions, including a loan facility with Northmead Holdings, the termination of CEO Douglas Grewar’s services, and the proposed grant of options to key personnel. No allegations of wrongdoing have been made, and this clarification aims to provide transparency to stakeholders.
Emu NL and its former directors have been ordered by the Takeovers Panel to pay a portion of the costs incurred by Wayburn Holdings Pty Ltd in connection with proceedings related to a declaration of unacceptable circumstances. The Panel’s decision requires Emu NL and the directors to jointly pay a total of $41,712, excluding GST, covering costs from the application date to the declaration date and subsequent period. This decision reflects the Panel’s enforcement of fair practices in corporate governance and may impact Emu NL’s financial obligations and reputation.
Emu NL has announced recent changes in its board, including the appointment of Mr. Peter Swiridiuk as a director on October 27, 2025. The company has complied with its disclosure obligations regarding director-related security movements and has policies in place to ensure continuous compliance. Emu NL has also appointed Mr. Swiridiuk as interim Managing Director and CEO with specific remuneration terms and the flexibility for either party to terminate the arrangement with a 14-day notice. These interim arrangements are set to last until December 31, 2025, unless extended or replaced.
Emu NL, an Australian company listed on the ASX, held a General Meeting of Shareholders where several resolutions were voted on. Resolutions 3, 5, and 11 were passed, while Resolution 4 was withdrawn due to a director’s decision not to seek re-election. The remaining resolutions did not pass. The board expressed gratitude to Mr. Davies and Mr. Griffin for their service.
Emu NL has appointed Corey Nolan as a new non-executive director, bringing over 25 years of experience in mining and resource project development. Nolan’s expertise, particularly in the acquisition and expansion of lithium projects, is expected to strengthen Emu NL’s strategic positioning and operational capabilities.
Emu NL, a company listed on the Australian Securities Exchange, held a General Meeting of Shareholders where several resolutions were considered. Resolutions 3, 5, and 11 were passed, while others were not carried. Resolution 4 was withdrawn due to Mr. Davies’ decision not to seek re-election. The board expressed gratitude to Mr. Davies and Mr. Griffin for their service.
Emu NL announced that Ian Davies will not stand for re-election as a Director, ending his tenure at the conclusion of the 2025 Annual General Meeting. Davies joined the board to address short-term challenges, including improving governance and securing financing for further drilling in the Yataga asset. With these challenges resolved, Davies decided not to seek re-election, leading to the withdrawal of the resolution for his re-election. The company expressed gratitude for his contributions, and all other AGM business will proceed as planned.
Emu NL has mobilized a drilling rig and support vehicles to commence its maiden drilling program at the Yataga Copper Project in Queensland. The program involves approximately 2500 meters of reverse circulation drilling within the Fiery Creek prospect, with an expected completion in December, weather permitting. This initiative marks a significant step in Emu NL’s exploration efforts, potentially enhancing its position in the copper mining sector.
Emu NL is facing scrutiny as a shareholder and former director, Mr. Oliver Douglas, has submitted an application to the Takeovers Panel regarding recent corporate actions. The application challenges the legitimacy of a $1.4 million institutional placement, alleging it was conducted for improper purposes despite previous statements of financial sufficiency. Concerns are raised about undisclosed relationships among shareholders and advisors, potentially influencing board control. The applicant seeks interim and final orders to address these issues, including preventing share issuance and voting rights until a resolution is reached.
Emu NL has announced an investigation into its historical corporate transactions and actions from November 2024 to October 2025. The company’s board has decided to appoint professional services firms to ensure transparency and plans to complete the investigation by the end of 2025, aiming to clarify past corporate actions and maintain stakeholder trust.
Emu NL has announced the issuance of 39,000,000 fully paid ordinary shares, as part of its compliance with the Corporations Act 2001. The company confirms that it has adhered to the necessary legal provisions and that there is no undisclosed information that investors would need for an informed assessment of the company’s financial position or the rights attached to the securities.
Emu NL has announced the quotation of 39,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 21, 2025. This move is part of previously announced transactions and could impact the company’s market presence by increasing its liquidity and potentially attracting more investors.
Emu NL has announced that several parties, including Mayfair Communications Pty Ltd, Oakmount Nominees Pty Ltd, Farris Corporation Pty Ltd, Blackannie Pty Ltd, and Ando Family Pty Ltd, have ceased to be substantial holders in the company as of September 29, 2025. This change follows a General Meeting held in accordance with the Takeovers Panel’s orders to consider resolutions regarding the removal and election of directors, impacting the company’s governance structure.
Emu NL has announced a proposed issue of 39,000,000 ordinary fully paid securities, with the issuance date set for November 21, 2025. This move is part of a placement or other type of issue, and the company has applied for the quotation of these securities on the ASX, which could potentially enhance its market presence and provide additional capital for its operations.
Emu NL has announced a successful capital raising initiative, securing firm commitments for a $1.4 million placement through the issuance of 39 million fully paid ordinary shares at $0.036 per share. This placement, managed by Martin Place Securities, is set to complete by 21 November 2025 and will support the company’s ongoing projects, including the potential commencement of drilling at the Yataga Copper Project by the end of November 2025, subject to access and fire risk conditions.
EMU NL has announced significant advancements in its Yataga Copper Project, with a maiden drilling program set to commence in early November. The company has successfully sold its Badja Gold Project for over A$3.5 million, allowing it to retire all debt and focus on the copper project. The drilling campaign aims to explore shear-hosted mineralization at Fiery Creek, with potential for large-scale porphyry-type targets. The recent board restructuring and strong support from stakeholders indicate a strategic shift towards developing the Yataga project, which could enhance EMU’s position in the copper industry.
Emu NL has released a corrected proxy form for its Annual General Meeting, reflecting the Chair’s voting intentions for undirected proxies as stated in the Notice of Meeting. This update is crucial for shareholders as it clarifies voting procedures and ensures transparency in the decision-making process, potentially impacting shareholder engagement and trust.
Emu NL, listed on the ASX under the code EMU, has announced the details of its upcoming Annual General Meeting (AGM), scheduled for November 28, 2025, in Brisbane. The company will not be sending physical copies of the meeting notice, instead making it available online through various platforms, including their website and share registry. Shareholders are encouraged to submit their proxy forms online or via mail, email, or fax by November 26, 2025. This move highlights Emu NL’s shift towards digital communication, potentially streamlining shareholder engagement and reducing costs.
Emu NL has announced its Annual General Meeting scheduled for Friday, 28 November 2025, at 1:00 pm AEST, to be held at HopgoodGanim Lawyers in Brisbane. Shareholders are advised to review the Notice of Annual General Meeting in full and seek professional advice if needed before voting. The 2025 Annual Report is available on the company’s website for further details.
Emu NL, a company involved in a non-renounceable pro-rata entitlement offer, faced scrutiny from the Takeovers Panel regarding the timing of its offer and the discretion given to directors for shortfall placement. The Panel accepted Emu’s further undertaking and decided not to declare unacceptable circumstances, as Emu’s actions, including the repayment of a loan and decision not to issue any shortfall, addressed the Panel’s concerns.
Emu NL has appointed Mr. Peter Swiridiuk as a Non-Executive Director, effective October 27, 2025. Mr. Swiridiuk, a geophysicist with extensive experience in mineral exploration and strategic business development, is expected to enhance the company’s board with his expertise in geophysics, geochemistry, satellite imagery, and geology. This appointment is likely to strengthen Emu NL’s operational capabilities and industry positioning.
Emu NL, a company listed on the ASX, has announced significant changes in its board leadership. John Anderson has been appointed as the new Chair, and Adrian Griffin has been named Managing Director and CEO. These changes are part of the company’s board renewal process, aligning with ASX corporate governance principles to ensure a clear separation between the roles of chair and senior executive. The company plans to update the terms of Griffin’s engagement, with further details to be announced once finalized.
Emu NL has announced the completion of a strategic review by its newly formed board, leading to the initiation of a maiden drilling program at the Yataga Copper Project, which is now the company’s core strategic focus. The company is financially positioned to proceed with this program without requiring additional funding, following the sale of its WA assets and a successful rights issue. Emu NL plans to centralize its operations in Queensland, aligning its corporate presence with its exploration focus, and will hold its 2025 Annual General Meeting in Brisbane.