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FireFly Metals
(Sydney:FFM)
FireFly Metals (FFM) vs. iShares MSCI Australia ETF (EWA)
FireFly Metals Business Overview & Revenue Model
FireFly Metals Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.78M | -4.16M | -3.02M | -554.20K | -99.31K | -55.81K |
| EBITDA | -22.29M | -16.29M | -20.62M | -2.92M | -3.06M | -3.31M |
| Net Income | -6.36M | -11.36M | -22.45M | -3.48M | -3.16M | -3.37M |
Balance Sheet | ||||||
| Total Assets | 543.34M | 368.12M | 249.01M | 85.90M | 83.69M | 61.90M |
| Cash, Cash Equivalents and Short-Term Investments | 247.88M | 106.75M | 40.68M | 6.02M | 13.59M | 21.79M |
| Total Debt | 2.05M | 1.44M | 2.00M | 1.84M | 71.26K | 264.89K |
| Total Liabilities | 28.86M | 24.50M | 43.28M | 4.37M | 9.55M | 6.75M |
| Stockholders Equity | 492.73M | 321.38M | 184.09M | 59.59M | 56.63M | 39.08M |
Cash Flow | ||||||
| Free Cash Flow | -39.65M | -70.75M | -72.32M | -16.13M | -26.69M | -11.94M |
| Operating Cash Flow | -8.20M | -7.06M | -13.65M | 1.18M | -6.32M | -2.49M |
| Investing Cash Flow | -78.93M | -63.69M | -61.48M | -17.59M | -21.95M | -9.46M |
| Financing Cash Flow | 241.91M | 133.26M | 107.39M | 8.87M | 19.69M | 28.81M |
FireFly Metals Technical Analysis
FireFly Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | AU$1.05B | 9.49 | 33.38% | ― | 45.73% | 716.15% | |
77 Outperform | AU$520.95M | 9.80 | 7.01% | 5.45% | 16.86% | 3.03% | |
72 Outperform | AU$397.95M | 4.68 | 14.39% | ― | 10.84% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$436.68M | -10.44 | -63.51% | ― | ― | -98.20% | |
49 Neutral | AU$1.21B | -475.00 | -4.41% | ― | ― | 73.09% | |
49 Neutral | AU$558.41M | -18.79 | -179.67% | ― | -100.00% | -6.00% |
FireFly Metals Corporate Events
UBS Group AG and its related entities have ceased to be substantial shareholders in FireFly Metals Limited, according to a notice lodged under Australian Corporations Law. The change was effective 6 March 2026, indicating UBS’s holding has fallen below the substantial shareholder threshold and potentially altering the company’s institutional investor base.
The notice, signed by authorised signatories on 10 March 2026, records that UBS previously notified FireFly Metals of its substantial holding position only days earlier. The exit of a large institutional holder may influence market perceptions of FireFly Metals’ stock, liquidity profile and future shareholder register dynamics, although specific transaction details were not disclosed in the public summary.
The most recent analyst rating on (AU:FFM) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
FireFly Metals has issued 251,419 fully paid ordinary shares following the conversion of 340,002 vested performance rights under its Employee Securities Incentive Plan, expanding its share base through equity-based employee rewards. The company confirmed that the shares were issued without a prospectus under Australian Corporations Act provisions and stated it remains compliant with its continuous disclosure and financial reporting obligations, with no undisclosed price-sensitive information identified.
The most recent analyst rating on (AU:FFM) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
Firefly Metals has applied to the ASX for quotation of 251,419 new ordinary fully paid shares, issued on 27 February 2026. The modest share issuance, stemming from exercised options or converted securities, slightly expands the company’s listed capital base and may incrementally enhance trading liquidity for existing investors.
The most recent analyst rating on (AU:FFM) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
UBS Group AG and its related bodies corporate have notified FireFly Metals that they have ceased to be a substantial shareholder in the company as of 27 February 2026. The change in UBS’s holding, detailed in accompanying schedules, reduces the presence of a major institutional investor on FireFly’s register, potentially altering the company’s shareholder base dynamics and the distribution of voting influence among remaining investors.
The most recent analyst rating on (AU:FFM) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
FireFly Metals has disclosed a change in the interests of director Michael Dylan Naylor, detailing an adjustment to his indirect holdings via entities associated with him and his spouse. The update is part of routine ASX compliance requirements and outlines his current mix of fully paid ordinary shares and several series of performance rights with varying expiry dates.
The filing notes that 172,851 performance rights expiring on 30 June 2029 have lapsed at no cash consideration after vesting conditions were not met by the due date. While Naylor’s overall equity exposure to FireFly Metals remains substantial, the lapse modestly reduces his potential future equity-based remuneration, with limited immediate impact on the company’s capital structure or existing shareholders.
The most recent analyst rating on (AU:FFM) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
Firefly Metals has notified the market that 1,147,346 performance rights, trading under the ASX code FFMAH, have lapsed. The rights ceased because the conditions attached to them were not met or can no longer be satisfied, resulting in a reduction of potential future dilution for existing shareholders.
The cessation, effective 10 February 2026, clarifies the company’s issued capital position by removing these unvested incentive securities from its capital structure. This change may be viewed positively by investors focused on equity dilution, although it also indicates that performance hurdles tied to these rights were not achieved.
The most recent analyst rating on (AU:FFM) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
FireFly Metals has applied to the ASX for quotation of 33,334 new ordinary fully paid shares, with an issue date of 10 February 2026. The relatively small share issuance, arising from the exercise or conversion of existing securities, modestly increases the company’s listed capital base and reflects ongoing use of equity-linked incentives or funding structures without materially diluting shareholders.
The new shares will trade under the existing FFM ticker, maintaining continuity for investors on the Australian market. While limited in scale, the move signals continued activity in FireFly Metals’ capital management and may marginally enhance liquidity in its stock as further securities from options or convertible instruments come onto the market.
The most recent analyst rating on (AU:FFM) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
UBS Group AG and its related entities have notified FireFly Metals Ltd that they have ceased to be a substantial shareholder in the company as of 3 February 2026, according to a statutory disclosure lodged under Australian corporations law. The change, detailed in a Form 605 notice of ceasing to be a substantial holder, indicates that UBS’s voting power in FireFly Metals has fallen below the substantial holding threshold, signalling a reduction in institutional ownership that could alter the company’s share register composition and potentially affect market perceptions of its support from large financial investors.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$2.75 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
Bellavista Resources has agreed to acquire FireFly Metals’ 70% stake in the Pickle Crow Gold Project in Ontario, Canada, and will exercise an option to lift its interest to 80%, along with securing extensive nearby exploration tenure in the Uchi and Wabigoon belts, including the Sioux Lookout project. The transaction delivers Bellavista a 2.8 million ounce inferred JORC gold resource grading 7.2 grams per tonne and a pipeline of high-grade shallow prospects, which the company plans to advance through aggressive exploration once the deal, subject to shareholder approvals, is completed. As consideration, Bellavista will issue 60 million shares and up to 50 million performance rights to FireFly and is concurrently seeking to raise about A$25 million in a two-tranche placement to fund the earn-in at Pickle Crow, exploration across the Canadian assets and its Brumby project, and general corporate purposes, positioning the company for potential regional M&A and a step-change in its growth profile.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
FireFly Metals has agreed to sell its Ontario Gold Assets, comprising a 70% interest in the Pickle Crow Project (with rights to increase to 80%) and 100% of the Sioux Lookout Project, to ASX-listed Bellavista Resources for total consideration valued at up to A$86.1 million in Bellavista shares and performance rights. FireFly plans, subject to shareholder approval, to distribute the upfront Bellavista shares in-specie to its own investors, who could collectively own a substantial stake in Bellavista and receive approximately one Bellavista share for every 12.8 FireFly shares held, thereby maintaining exposure to the assets’ exploration upside while FireFly sharpens its focus on advancing the Green Bay Copper-Gold Project; Bellavista, which intends to raise about A$25 million to fund exploration and resource growth at the Ontario projects and is led by executives associated with the successful De Grey Mining story, gains a dedicated platform to unlock further value from these Canadian gold assets, with transaction completion targeted for early April 2026 subject to customary approvals.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
FireFly Metals has reported a major upgrade to the Mineral Resource at its Green Bay Copper-Gold Project, lifting total resources to 50.4Mt at 2.0% copper equivalent in the Measured and Indicated categories and 29.3Mt at 2.5% copper equivalent in the Inferred category, representing a 51% increase in contained metal since late 2024. The company has defined a substantial high‑grade core at the Ming deposit, significantly expanded higher‑confidence resources that will underpin economic studies, and completed approximately A$149 million in equity and share purchase plan funding, leaving it with about A$250.9 million in cash and liquid investments to drive an aggressive multi‑rig drilling program, advance a Preliminary Economic Assessment due in the June 2026 quarter, and progress a Feasibility Study by year-end, while early discussions with potential offtake partners and export credit agencies indicate strong interest in its future copper concentrate.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
UBS Group AG and its related bodies corporate have notified FireFly Metals Ltd that they have ceased to be a substantial shareholder in the company as of 14 January 2026, according to a Form 605 filing. The change signals a reduction in UBS’s voting power below the substantial holding threshold, potentially altering FireFly Metals’ shareholder register and slightly shifting the balance of institutional ownership, though no change in corporate control or governance structure is implied by the notice alone.
The most recent analyst rating on (AU:FFM) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
FireFly Metals has issued 22,056 fully paid ordinary shares following the conversion of 42,667 vested performance rights granted under its Employee Securities Incentive Plan, modestly increasing its share capital while rewarding employees and executives with equity. The company confirmed the shares were issued without a prospectus in reliance on Australian Corporations Act provisions and stated it remains compliant with its continuous disclosure and reporting obligations, signalling no undisclosed price-sensitive information for investors.
The most recent analyst rating on (AU:FFM) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
Firefly Metals has applied to the ASX for quotation of 22,056 new ordinary fully paid shares, increasing its listed securities on the Australian market. The additional shares arise from the exercise or conversion of existing options or other convertible securities and represent a modest capital expansion that slightly broadens the company’s equity base without materially altering its capital structure.
The most recent analyst rating on (AU:FFM) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
FireFly Metals has applied for quotation of 5,881,744 new ordinary fully paid shares on the ASX under its existing ticker FFM. The additional securities, to be issued on 30 December 2025, expand the company’s quoted capital base and may influence liquidity and ownership structure once trading in the new shares commences.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$2.45 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
FireFly Metals has doubled its share purchase plan to A$10 million after receiving applications totalling about A$31 million from eligible retail shareholders, reflecting strong demand and support for the company’s Green Bay Copper Gold Project. Conducted alongside a roughly A$139 million equity raising through an institutional placement, a Canadian bought deal offering and a charity flow-through placement, the capital initiatives are expected to leave FireFly with about A$246.9 million in cash before costs, funding a nine‑rig drilling program, resource growth and upgrade work, underground development, pre‑construction activities, mining studies and working capital, while the scaled-back SPP allocations were structured to limit dilution and distribute shares as equitably as possible among participants.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$2.45 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.