Empire Resources Limited (ERL) AI Stock Analysis

• Market Cap: AU$24.02M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 1.34
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): N/A
• Shares Outstanding: 1,847,391,600
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.53
• Price to Book (P/B): -14.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.28
• 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: 40 Underperform
• Price Target: ―
• Action: Downgraded Date: 12/30/25
• Date: Action: Downgraded 12/30/25

The score is primarily driven down by very weak financial performance (near-zero revenue, persistent losses, ongoing negative cash flow, and negative equity with renewed debt in 2025). Technical and valuation inputs are largely unavailable in the provided data, limiting their impact.

Positive Factors

Exploration Success

The discovery of high-grade gold and copper anomalies at Yuinmery suggests potential for significant resource expansion, enhancing long-term project value and market position.

Director Confidence

Increased shareholding by a director signals confidence in the company's future prospects, potentially boosting investor trust and supporting long-term stability.

Resource Expansion

The new resource estimate at Yuinmery enhances the company's resource base, positioning it for growth amid favorable commodity prices, supporting strategic expansion.

Negative Factors

Negative Cash Flow

Consistently negative cash flow indicates ongoing cash burn, necessitating reliance on external funding, which could strain financial flexibility and sustainability.

Balance Sheet Deterioration

Negative equity and renewed debt signal financial instability, reducing the company's ability to leverage assets for growth and increasing balance-sheet risk.

Revenue Decline

The sharp decline in revenue to near-zero levels undermines the company's ability to cover costs and achieve profitability, posing a significant challenge to long-term viability.

Empire Resources Limited Business Overview & Revenue Model

Company Description

Empire Resources Limited (ERL) is a mining and exploration company primarily focused on the discovery and development of mineral resources in Australia. The company operates within the metals and mining sector, concentrating on gold and copper assets. Its core operations revolve around the exploration, extraction, and processing of these valuable minerals, leveraging advanced geological techniques to maximize resource potential.

How the Company Makes Money

Empire Resources Limited generates revenue through the exploration and extraction of mineral resources, specifically gold and copper. The primary revenue streams include the sale of extracted minerals to domestic and international markets, leveraging fluctuations in commodity prices to maximize returns. The company may also enter into joint ventures or partnerships with other mining firms to optimize resource extraction and minimize operational costs, thereby enhancing profitability. Additionally, Empire Resources may receive income from the sale of exploration rights or royalties from projects where they hold a minority interest.

Empire Resources Limited Financial Statement Overview

Summary

Financial health is very weak: revenue has collapsed to near-zero by 2025, profitability is consistently negative, cash flow remains negative with ongoing cash burn, and 2025 shows a major balance-sheet deterioration with equity turning negative alongside renewed debt.

Income Statement

Revenue has deteriorated sharply over time, falling from ~262k (2021) to ~207k (2022), then to very low levels (20k in 2023, 6k in 2024) and effectively zero in 2025. Profitability is consistently weak: EBIT and net income are negative in every year except 2020 (a one-off profit), with margins deeply negative when revenue is present (e.g., 2022 net margin around -12.8%, and extremely negative in 2023–2024 due to minimal revenue against a largely fixed cost base). Overall, the earnings profile shows sustained losses and no clear near-term recovery trajectory.

Balance Sheet

The balance sheet weakened materially in 2025 as equity turned negative (approximately -498k), which is a key risk signal and reduces financial flexibility. Debt also reappeared in 2025 (~617k) after several years of reported zero debt, and negative equity makes leverage metrics less meaningful while still indicating elevated balance-sheet risk. Positives include a historically stronger equity position in 2021–2024 (before the 2025 deterioration), but the latest year’s negative equity and relatively low asset base (~511k in 2025) weigh heavily on the credit profile.

Cash Flow

Cash generation is consistently negative, with operating cash flow and free cash flow below zero every year shown (roughly -1.7M to -2.7M in 2020–2022, improving but still negative around -1.3M in 2023 and ~-0.9M in 2024–2025). Free cash flow trends are volatile (some years improving, others deteriorating), but there is no sustained move to positive cash flow. With ongoing cash burn and continuing net losses, the company likely remains reliant on external funding or asset sales to sustain operations.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	6.30K	20.00K	207.47K	262.08K
Gross Profit	0.00	6.30K	20.00K	194.65K	239.92K
EBITDA	0.00	-953.55K	-1.41M	-2.62M	-941.62K
Net Income	-1.11M	-985.41K	-1.42M	-2.65M	-1.08M
Balance Sheet
Total Assets	511.49K	803.95K	1.04M	2.04M	5.15M
Cash, Cash Equivalents and Short-Term Investments	466.88K	773.24K	1.02M	1.86M	4.71M
Total Debt	616.55K	0.00	0.00	0.00	1.60M
Total Liabilities	1.01M	189.97K	136.68K	181.63K	2.10M
Stockholders Equity	-497.94K	613.98K	904.85K	1.85M	3.04M
Cash Flow
Free Cash Flow	-896.37K	-945.05K	-1.33M	-2.65M	-1.97M
Operating Cash Flow	-896.37K	-945.05K	-1.33M	-2.65M	-1.97M
Investing Cash Flow	0.00	0.00	20.00K	3.21M	1.46M
Financing Cash Flow	600.00K	694.54K	474.15K	-36.20K	1.24M

Empire Resources 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%
GGE	49 Neutral	AU$12.48M	-14.29	-4.05%	―	12.37%	66.67%
MMR	45 Neutral	AU$7.49M	-5.42	2.27%	―	―	―
TEG	44 Neutral	AU$5.56M	2.86	―	―	―	―
ERL	40 Underperform	AU$24.02M	-6.68	-1916.49%	―	―	―
ZEU	40 Underperform	AU$8.61M	-3.75	-75.69%	―	―	-141.67%

Empire Resources Limited Corporate Events

Empire Resources Launches New Aircore Drilling at Yuinmery Copper-Gold Project

Empire Resources Limited has announced the start of a roughly 1,900-metre, 39-hole aircore drilling campaign at its Yuinmery Copper-Gold Project in Western Australia, beginning on 10 January 2026 and expected to take about ten days. The program follows earlier drilling and recent soil and rock chip sampling that highlighted several key prospects, including YT19-YT01, YT12, YT13, YT14, Smiths Well and Microbe Well, and marks a further step in advancing exploration that could refine the project’s resource potential and influence the company’s future development plans.

Empire Resources Director Michael Ruane Increases Shareholding via On-Market Purchase

Empire Resources has disclosed a change in the shareholding of director Michael Ruane, who holds his interest both directly and through associated entities. The filing shows Ruane acquired an additional 970,000 fully paid ordinary shares via on-market purchases, increasing his total holding to 569,856,295 shares, signalling continued director support for the company and potentially reinforcing investor confidence in its prospects.

Empire Resources Director Increases Shareholding

Empire Resources Limited announced a change in the director’s interest, with Michael Ruane acquiring an additional 500,000 fully paid ordinary shares through on-market purchases. This transaction increases Ruane’s total shareholding to 568,886,295 shares, indicating a strengthened position within the company and potentially signaling confidence in its future prospects.

Empire Resources Unveils Promising Exploration Results at Yuinmery Project

Empire Resources Limited has announced promising results from its recent rock chip and soil sampling programs at the Yuinmery project. The discovery of high-grade gold rock chips and a significant copper-gold soil anomaly suggests potential for new mineralization, which could enhance the project’s value. These findings are expected to guide future drilling efforts and strategic planning, potentially strengthening Empire’s position in the copper-gold exploration sector.

Empire Resources Limited Secures Shareholder Approval at AGM

Empire Resources Limited successfully conducted its Annual General Meeting on November 27, 2025, where all proposed resolutions were passed via a poll. The approval of these resolutions, including the adoption of the remuneration report, re-election of a director, and approval of additional capacity, signals strong shareholder support and positions the company for continued operational and strategic growth.

Empire Resources Limited Releases AGM Presentation

Empire Resources Limited has released a presentation for its Annual General Meeting, providing a general overview of the company’s activities as of the date of the presentation. The document serves informational purposes and does not constitute an investment offer or a detailed prospectus. The presentation includes disclaimers about the accuracy of the information and the potential risks associated with forward-looking statements, highlighting that actual results may differ from those projected.

Empire Resources Reports Promising Exploration Results and Share Price Surge

Empire Resources Limited has had a productive 2025, focusing on exploration at its Yuinmery Copper-Gold project, which has shown promising potential for copper and gold resources. The company has also seen a significant improvement in its share price, attributed to encouraging exploration results and the rising gold price. Additionally, Empire is entitled to royalties from the Penny’s Find gold resource, which could further enhance its financial position. The company continues to explore opportunities for expansion both domestically and internationally.

Empire Resources Initiates Drilling at Penny’s Gold Project

Empire Resources Limited has announced the commencement of a reverse circulation drilling program at its Penny’s Gold Project near Kalgoorlie, WA. This initiative follows promising results from previous air core drilling and is expected to enhance the company’s exploration efforts, potentially impacting its market position positively.

Empire Resources Reports Promising Drilling Results at Yuinmery Project

Empire Resources Limited has announced the completion of its air core drilling program at the Yuinmery Copper-Gold Project, with promising assay results from the final 27 holes. The drilling has extended the YT01 prospect’s mineralization to over 900 meters and confirmed new copper mineralization models at the Marcus prospect. The results also highlight significant gold mineralization at the Hillside prospect, positioning these areas as priority exploration targets for 2026. These findings enhance Empire’s resource potential and could positively impact its market positioning by expanding its mineral resource base.

Empire Resources Advances Yuinmery Project with New Drilling Campaign

Empire Resources Limited has completed an air core drilling campaign at its Yuinmery Project, targeting copper-gold and gold-only mineralization across several prospects. The company is currently awaiting analytical results from the samples collected, which could impact its resource estimates and future exploration strategies.

Empire Resources Reports Promising Drilling Results at Yuinmery Project

Empire Resources Limited has announced promising assay results from its recent air core drilling program at the Yuinmery Copper-Gold Project. The initial results from the first 15 of 42 drill holes indicate significant copper and gold mineralization, particularly at the Just Desserts and Trajan prospects. These findings suggest the potential for additional shallow resources, enhancing the project’s value and supporting the company’s strategic focus on expanding its resource base.