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First Graphene Ltd
(Sydney:FGR)
First Graphene Ltd (FGR) vs. iShares MSCI Australia ETF (EWA)
First Graphene Ltd Business Overview & Revenue Model
First Graphene Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 468.40K | 468.40K | 492.00K | 861.17K | 723.32K | 341.87K |
| Gross Profit | -338.28K | 17.86K | 100.74K | -542.17K | -103.61K | -18.59K |
| EBITDA | -3.71M | -3.72M | -5.07M | -5.01M | -5.71M | -6.19M |
| Net Income | -5.40M | -5.48M | -5.75M | -5.42M | -5.02M | -6.30M |
Balance Sheet | ||||||
| Total Assets | 8.08M | 8.08M | 9.64M | 11.71M | 15.42M | 15.99M |
| Cash, Cash Equivalents and Short-Term Investments | 2.61M | 2.61M | 3.16M | 3.23M | 7.00M | 7.08M |
| Total Debt | 3.07M | 3.07M | 3.55M | 4.59M | 6.31M | 5.29M |
| Total Liabilities | 3.59M | 3.59M | 4.04M | 4.86M | 7.04M | 6.77M |
| Stockholders Equity | 4.49M | 4.49M | 5.50M | 6.66M | 8.19M | 9.05M |
Cash Flow | ||||||
| Free Cash Flow | -2.78M | -2.78M | -2.87M | -3.54M | -4.49M | -8.62M |
| Operating Cash Flow | -2.72M | -2.72M | -2.82M | -3.40M | -4.40M | -7.07M |
| Investing Cash Flow | -163.47K | -163.47K | -52.48K | -139.80K | -90.58K | -1.52M |
| Financing Cash Flow | 2.37M | 2.37M | 2.81M | -236.67K | 4.42M | 7.62M |
First Graphene Ltd Technical Analysis
First Graphene Ltd 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% | |
55 Neutral | AU$39.00M | -4.75 | -67.76% | ― | 7.08% | 33.70% | |
54 Neutral | AU$24.82M | -8.66 | -63.81% | ― | ― | 52.66% | |
51 Neutral | AU$77.49M | -12.34 | -105.49% | ― | -4.80% | 23.76% | |
49 Neutral | AU$65.68M | -18.18 | -5.89% | ― | ― | 59.26% | |
48 Neutral | AU$41.22M | -16.67 | -12.53% | ― | ― | 40.00% | |
46 Neutral | AU$120.89M | -13.79 | -55.86% | ― | ― | 64.63% |
First Graphene Ltd Corporate Events
First Graphene Limited has responded to an ASX price and volume query after its share price rose from $0.085 to an intraday high of $0.11 on 5 February 2026 amid unusually high trading volumes. The company stated it is not aware of any undisclosed information or other reasons that would explain the recent trading activity, confirmed it remains in full compliance with ASX Listing Rule 3.1 on continuous disclosure, and noted that its response to the query was authorised by an appropriately delegated officer, signalling no known internal catalyst behind the market move from management’s perspective.
The most recent analyst rating on (AU:FGR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on First Graphene Ltd stock, see the AU:FGR Stock Forecast page.
First Graphene has signed a three-year distribution agreement and a memorandum of understanding with India-based Syron GreenThrust Dynamics to supply its PureGRAPH graphene products across India, SAARC nations and the UAE, opening access to some of the world’s largest and fastest-growing industrial markets. The deal sets a structured volume ramp-up from 0.25 tonnes in year one to 20 tonnes annually thereafter, with the achievement of 20 tonnes per year triggering an option to negotiate local manufacturing in India, positioning First Graphene for both near-term revenue and longer-term strategic growth in construction, energy, advanced composites and other industrial sectors across these new regions.
The most recent analyst rating on (AU:FGR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on First Graphene Ltd stock, see the AU:FGR Stock Forecast page.
First Graphene Limited has applied to the ASX for quotation of 712 new fully paid ordinary shares, issued following the exercise or conversion of existing options or other convertible securities. The modest share issuance slightly increases the company’s quoted capital base but does not signal a major capital-raising event or strategic shift, instead representing routine capital markets activity with limited immediate impact on existing shareholders or the company’s overall market positioning.
The most recent analyst rating on (AU:FGR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on First Graphene Ltd stock, see the AU:FGR Stock Forecast page.
First Graphene reported its strongest quarter to date for the three months to 31 December 2025, driven by accelerating commercial adoption of its graphene products. Customer cash receipts rose 156% quarter-on-quarter to $271,000, overall operating cash inflows increased 423% to $853,000, and net cash used in operating activities narrowed to $73,000, leaving the company close to cashflow neutral. Supported by a $3.5 million capital raise that lifted its cash balance to $4.9 million, the company is prioritising commercial execution without further capital raisings, highlighted by the production of 600 tonnes of graphene-enhanced cement with Breedon for real-world construction and infrastructure projects, as well as a landmark mining order and new opportunities in perovskite solar cell and defence-related applications, positioning it for continued momentum in the next quarter.
The most recent analyst rating on (AU:FGR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on First Graphene Ltd stock, see the AU:FGR Stock Forecast page.
First Graphene has announced the first production run of graphene-enhanced concrete roof tiles in the UK, manufactured by FP McCann using 10 tonnes of graphene-enhanced cement supplied by Breedon Group from a 600-tonne batch produced in December 2025. The initial trial batch comprised 2,500 roof tiles made using standard production processes, confirming that First Graphene’s PureGRAPH product can be integrated without operational changes, and positioning the company and its partners at the forefront of the emerging graphene-enhanced roof tile segment of the US$7.67 billion global concrete roof tile market. FP McCann plans further trial runs totalling around 10,000 tiles over the next five months, with up to 40 tonnes of graphene-enhanced cement to be used, while additional projects are under way with other concrete product manufacturers, underscoring First Graphene’s push to supply low-carbon, high-performance cement and concrete solutions to meet the UK government-supported demand for over one million new sustainable homes and to expand engagement across Australia, South Africa, Thailand and Europe.
The most recent analyst rating on (AU:FGR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on First Graphene Ltd stock, see the AU:FGR Stock Forecast page.
First Graphene Limited has confirmed that shareholders overwhelmingly approved all resolutions put to its General Meeting held on 5 January 2026 in Henderson, Western Australia. Investors ratified a prior share placement conducted under Listing Rule 7.1 and the earlier grant of lead manager options, with both resolutions carried by significant majorities on a poll, effectively regularising recent capital-management actions and providing the company with a clean mandate to proceed under its existing funding and growth plans.
The most recent analyst rating on (AU:FGR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on First Graphene Ltd stock, see the AU:FGR Stock Forecast page.
First Graphene has successfully produced 600 tonnes of low-carbon graphene-enhanced cement in collaboration with Breedon Group at Hope Cement Works, UK. This milestone highlights the scalability and environmental benefits of using the company’s PureGRAPH-CEM® additive, which reduces CO2 emissions by up to 16%. The cement will be deployed in several projects, including sustainable housing, and undergo performance testing to evaluate innovative applications like stronger roof tiles, signaling its potential impact on the construction industry and sustainable development.
The most recent analyst rating on (AU:FGR) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on First Graphene Ltd stock, see the AU:FGR Stock Forecast page.
First Graphene Ltd has announced a change in the director’s interest, with Andrew James Goodwin acquiring 500,000 Performance Rights under the company’s Incentive Award Plan. This change reflects the company’s ongoing efforts to align its leadership’s interests with its strategic goals, potentially impacting its market positioning and shareholder value.
The most recent analyst rating on (AU:FGR) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on First Graphene Ltd stock, see the AU:FGR Stock Forecast page.
First Graphene Limited announced a change in the director’s interest, specifically involving Michael Quinert. The change includes the acquisition of 500,000 Performance Rights by Quinert under the company’s Incentive Award Plan. This adjustment in the director’s securities holdings reflects the company’s ongoing efforts to align management interests with its strategic goals, potentially impacting its governance and stakeholder engagement.
The most recent analyst rating on (AU:FGR) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on First Graphene Ltd stock, see the AU:FGR Stock Forecast page.
First Graphene Ltd has announced a change in the interest of its director, Michael Bell, with the acquisition of 2,000,000 additional Performance Rights under the company’s Incentive Award Plan. This change reflects the company’s ongoing commitment to aligning its leadership incentives with its strategic goals, potentially impacting its market positioning and stakeholder interests by reinforcing confidence in its future growth and operational strategies.
The most recent analyst rating on (AU:FGR) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on First Graphene Ltd stock, see the AU:FGR Stock Forecast page.
First Graphene Ltd has announced a change in the director’s interest, specifically regarding Warwick Robert Grigor’s indirect interests in securities. The announcement details the acquisition of 1,000,000 Performance Rights by Gregorach Pty Ltd
The most recent analyst rating on (AU:FGR) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on First Graphene Ltd stock, see the AU:FGR Stock Forecast page.
First Graphene Limited has announced the issuance of 4,000,000 performance rights as part of an employee incentive scheme. This move is aimed at aligning employee interests with company goals, potentially enhancing productivity and commitment, and solidifying its position in the advanced materials market.
The most recent analyst rating on (AU:FGR) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on First Graphene Ltd stock, see the AU:FGR Stock Forecast page.
First Graphene Limited has secured an exclusive global agreement with Halocell Australia to develop, produce, market, and sell graphene-based carbon paste products. This agreement grants First Graphene the rights to manufacture and sell the PureGRAPH® containing product, which is already used in Halocell’s perovskite solar cells, enhancing efficiency and reducing production costs. The graphene-enhanced carbon paste is expected to have significant implications for the electronics and renewable energy sectors, with potential applications in various devices and industries, including aerospace and IoT. The partnership aims to leverage existing intellectual property to bring advanced solar technology to global markets.
First Graphene Ltd has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). This move involves the issuance of a small number of fully paid ordinary shares, which could potentially impact the company’s market operations by increasing its liquidity and visibility among investors.
First Graphene Limited has announced its upcoming General Meeting, scheduled for January 5, 2026, in Henderson, WA. Shareholders are encouraged to participate in the meeting, either in person or by proxy, to influence decisions affecting their shareholding. The company’s focus on advanced materials positions it strategically in high-growth markets, potentially impacting its operations and stakeholder interests positively.
First Graphene Limited has announced a General Meeting for its shareholders, scheduled for January 5, 2026, in Henderson, WA. This meeting is significant as it involves important resolutions that could impact shareholder interests and the company’s strategic direction. Shareholders are encouraged to participate either in person or by proxy to ensure their voices are heard in decisions that may influence the company’s future operations and market positioning.
First Graphene Limited announced a late lodgement of Appendix 3G related to unlisted broker options issued on April 14, 2025, due to an administrative oversight. The company reassures stakeholders of its commitment to improving compliance practices, despite considering its current practices adequate. This announcement highlights the company’s ongoing efforts to maintain transparency and accountability in its operations, which is crucial for its industry positioning and stakeholder trust.
First Graphene Limited has issued 43,750,000 shares at $0.08 each to sophisticated and professional investors through a private placement, first announced on November 11, 2025. This move, which includes options for additional shares, is part of the company’s strategy to enhance its financial position and support its growth in high-demand markets. The announcement indicates compliance with relevant corporate regulations and suggests no undisclosed information affecting the company, potentially reinforcing stakeholder confidence.
First Graphene Limited has announced the issuance of 21,875,000 unlisted options with an exercise price of $0.12, set to expire on November 19, 2027. This move is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s financial strategy and stakeholder interests by providing additional capital and investment opportunities.
First Graphene Ltd has announced the quotation of 15,975 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 18, 2025. This move is part of the company’s strategy to enhance its market presence and provide liquidity for its securities, potentially impacting its financial standing and offering new opportunities for stakeholders.
First Graphene Ltd has announced the issuance of 15,000,000 unlisted options with an exercise price of 12.0 cents, set to expire two years from the grant date. This strategic move is part of previously announced transactions and reflects the company’s ongoing efforts to strengthen its financial position and enhance shareholder value.
First Graphene Limited announced the issuance of 6,000,000 unlisted options with an exercise price of 8.75 cents, set to expire two years from the grant date. This move is part of a previously announced transaction, indicating strategic financial maneuvers to strengthen its market position and potentially enhance shareholder value.
First Graphene Ltd has announced the quotation of 22,297 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 13, 2025. This move is part of the company’s strategy to enhance its market presence and provide additional value to its stakeholders by expanding its financial instruments available for trading.
First Graphene Ltd has extended its Joint Development and Commercialisation Agreement with Breedon Group by an additional 12 months, following successful trials of graphene-enhanced cement. The trials demonstrated significant improvements in strength and reductions in CO2 emissions, showcasing the potential for graphene to transform the global construction industry. This extension will facilitate further production and application opportunities, with real-world applications already underway in infrastructure projects.
First Graphene Limited has announced a proposed issue of 21,875,000 unlisted options as part of a placement or other type of securities issue. This move is expected to enhance the company’s financial flexibility and potentially strengthen its market position by providing additional capital for growth initiatives.
First Graphene Limited announced a proposed issue of 15 million unlisted options as part of a new securities placement. This move is expected to enhance the company’s financial flexibility and support its strategic initiatives in the graphene market, potentially impacting its industry positioning and offering new opportunities for stakeholders.
First Graphene Limited has announced a proposed issue of 43,750,000 ordinary fully paid securities, scheduled for issuance on November 19, 2025. This move is part of the company’s strategic efforts to raise capital, which could potentially strengthen its market position and support its ongoing projects in the advanced materials sector.
First Graphene Limited has secured commitments to raise A$3.5 million through a placement of shares to support its strategic growth and operational expenses. The funds will be used to accelerate the commercial adoption of its PureGRAPH® products, capitalizing on the expanding applications by existing clients, thereby enhancing the company’s market position and growth prospects.
First Graphene Ltd has requested a trading halt on its securities pending an announcement regarding a capital raising. This halt will remain in effect until the announcement is made or normal trading resumes on 11 November 2025. The trading halt is a strategic move to manage the release of significant financial information, which could impact the company’s market position and investor relations.
First Graphene Ltd held its Annual General Meeting on November 6, 2025, where several key resolutions were passed. These included the adoption of the remuneration report, the re-election of Warwick Grigor as a director, and the approval of performance rights for several directors. Additionally, the appointment of a new auditor was confirmed. The successful passing of these resolutions indicates strong shareholder support for the company’s strategic direction and governance.
First Graphene Ltd’s recent investor presentation highlights their financial performance for FY25, updates on manufacturing, and research and development initiatives, including grant programs. The company is focusing on the commercial adoption of graphene, particularly in the cement and concrete segments, and outlines key growth opportunities and pathways for future expansion.
First Graphene Ltd has made significant progress in its operations and sales over the past year, positioning itself at the forefront of the graphene industry. Despite not yet achieving profitability, the company is on a growth trajectory, emphasizing sustainable performance over speculative share price increases. The company is focused on expanding the demand for graphene by showcasing its advantages to potential customers, aiming for long-term growth and industry adoption.