Fin Resources Limited (FIN) AI Stock Analysis

• Market Cap: AU$11.62M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): -0.73
• Revenue Growth: N/A
• EPS Growth: 83.93%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 1,056,430,400
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.04
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.91
• 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: 45 Neutral
• Price Target: AU$0.01 ▲(10.00% Upside)

The score is primarily constrained by weak financial performance: no revenue, ongoing losses, and persistent negative operating/free cash flow despite some improvement in 2025. Technical signals are largely unavailable, reducing confidence in near-term trend assessment, while valuation metrics are limited by a negative P/E and no indicated dividend support.

Positive Factors

Capital Structure Enhancement

The approval of capital resolutions strengthens the company's financial flexibility, supporting future projects and corporate initiatives, which is crucial for long-term strategic growth.

Project Development

Progress in the Cabin Lake Gold Project, including new mineralized zones, positions the company for growth and enhances its asset value, supporting long-term industry positioning.

Strategic Acquisition

Acquiring the Cabin Lake Gold Project in a Tier-1 jurisdiction provides strategic exploration potential, enhancing the company's market position and offering long-term value to stakeholders.

Negative Factors

Ongoing Cash Burn

Persistent negative cash flow indicates reliance on external financing, which could strain financial resources and limit operational flexibility in the long term.

No Revenue Generation

Lack of revenue generation undermines financial stability and growth potential, posing a risk to sustainable operations and investor confidence over time.

Equity Decline

Declining equity increases dilution and financing risk, potentially impacting shareholder value and limiting the company's ability to fund future growth initiatives.

Fin Resources Limited Business Overview & Revenue Model

Company Description

Fin Resources Limited engages in the exploration and development of mineral properties in Western Australia. The company explore for gold, base metals, graphite, nickel, copper, and cobalt deposits. It holds 80% interests in the Sol Mar project comprising five exploration licenses covering an area of approximately 425 square kilometers; and the McKenzie Springs project that covers an area of approximately 82 square kilometers. The company was formerly known as Orca Energy Limited and changed its name to Fin Resources Limited in April 2018. Fin Resources Limited was incorporated in 1985 and is based in West Perth, Australia.

How the Company Makes Money

Fin Resources Limited makes money through the exploration and development of mineral projects, which may lead to the sale of mineral resources or interests in mining projects. The company generates revenue by selling its extracted minerals, primarily focusing on lithium and nickel, to industrial clients involved in manufacturing batteries and other energy storage solutions. Additionally, the company may form joint ventures or strategic partnerships with other mining firms, allowing it to share exploration and production costs while benefiting from a share of the revenue generated from resource sales. As projects progress, Fin Resources may also earn income through the sale of stakes in its projects to larger mining companies or investors seeking exposure to the resource sector.

Fin Resources Limited Financial Statement Overview

Summary

Fin Resources Limited's financial statements reveal significant challenges, with no revenue generation and persistent operational losses. While the company's debt-free balance sheet and equity position provide some stability, the inability to generate cash or revenue poses a critical risk to financial health and future operations.

Income Statement

The company has not generated any revenue over the past years, resulting in a gross profit margin and net profit margin of 0%. Consistently negative EBIT and EBITDA margins highlight ongoing operating losses without any revenue to offset expenses. The lack of revenue growth further emphasizes the absence of sales activity, indicating a challenging financial trajectory.

Balance Sheet

The company maintains a strong equity position with zero debt, evident in a debt-to-equity ratio of 0. However, declining stockholders' equity over time and the absence of total revenue are concerning. A relatively stable equity ratio reflects a solid asset base, but the lack of revenue generation and profit remains a significant weakness.

Cash Flow

Operating cash flow remains negative, leading to negative free cash flow, indicating that the company is not generating cash from its operations. The free cash flow growth rate is negative, and cash flow from investing and financing activities has not been sufficient to cover operating expenses, suggesting financial strain.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	1.07M	2.20M	-866.00K	-955.35K	-4.11M	-629.00K
Net Income	-365.60K	-612.42K	-3.61M	-2.65M	-5.01M	-880.00K
Balance Sheet
Total Assets	3.15M	3.15M	3.42M	5.84M	7.31M	6.00M
Cash, Cash Equivalents and Short-Term Investments	647.01K	647.01K	879.74K	2.27M	3.39M	5.04M
Total Debt	445.00K	445.00K	0.00	0.00	0.00	0.00
Total Liabilities	776.84K	776.84K	738.04K	110.01K	67.94K	352.58K
Stockholders Equity	2.38M	2.38M	2.68M	5.73M	7.24M	5.65M
Cash Flow
Free Cash Flow	-596.00	-677.68K	-1.84M	-1.64M	-2.84M	-917.98K
Operating Cash Flow	-100.00	-171.72K	-608.26K	-574.71K	-1.15M	-473.80K
Investing Cash Flow	-10.63K	-505.96K	-1.23M	-1.07M	-1.69M	-444.19K
Financing Cash Flow	445.05K	445.05K	448.48K	517.36K	1.19M	2.48M

Fin 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%
BOA	49 Neutral	AU$4.22M	-2.08	-27.31%	―	―	-121.54%
C7A	46 Neutral	AU$4.52M	―	-47.79%	―	―	52.53%
CZN	46 Neutral	AU$9.01M	-2.20	-6.61%	―	―	69.66%
FIN	45 Neutral	AU$11.62M	-12.22	-24.22%	―	―	83.93%
C29	42 Neutral	AU$3.66M	-0.53	-126.15%	―	―	24.09%
PRL	38 Underperform	AU$5.91M	-5.45	-26.98%	―	―	4.35%

Fin Resources Limited Corporate Events

Fin Resources Wins Shareholder Backing for Capital Resolutions at General Meeting

Fin Resources Limited has reported that all resolutions put to shareholders at its 30 December 2025 general meeting were passed by poll, with strong voting support across the register. The approvals cover the issue of consideration shares and performance rights to a seller, ratification and further issuance of placement shares, fees and options to advisors and consultants, and amendments to convertible note terms, collectively strengthening the company’s capacity to complete transactions, compensate service providers and manage its capital structure, which may enhance its financial flexibility and support future project and corporate initiatives.

Fin Resources Updates Cabin Lake Gold Project Exploration Plans

Fin Resources Limited has amended its previous announcement regarding the Cabin Lake Gold Project to include additional information on visual mineralisation and estimated timeframes for assay results. The company has identified untested mineralisation potential in unsampled drillholes from 2022, with priority sampling currently underway to confirm the presence of gold. The initiative aims to accelerate discovery at minimal cost, with 3D geophysics reprocessing and strong community support paving the way for a planned drilling program in 2026.

FIN Resources Identifies New Opportunities at Cabin Lake Gold Project

FIN Resources Limited has announced significant progress in its Cabin Lake Gold Project, with new unassayed mineralized zones identified that could enhance the project’s value ahead of the 2026 drilling program. The company is undertaking sampling of previously untested drill holes, reprocessing geophysical data, and has secured strong local and First Nations support, positioning itself for a catalyst-rich period in the coming year.

Director’s Interest in Fin Resources Limited Expands

Fin Resources Limited announced a change in the director’s interest, with Bruce McFadzean acquiring an additional 5,454,545 ordinary fully paid shares through Tardis Too Pty Ltd, as approved by shareholders at the company’s AGM. This acquisition, made in lieu of cash for director services, increases McFadzean’s total holdings to 9,954,545 shares, potentially strengthening his influence and aligning his interests with the company’s performance.

Fin Resources Limited Issues New Shares in Compliance with Corporations Act

Fin Resources Limited has announced the issuance of 27,272,725 fully paid ordinary shares without disclosure to investors, in compliance with the Corporations Act 2001. This move indicates the company’s adherence to regulatory requirements and suggests a strategic financial maneuver to potentially enhance its capital structure, which may impact its market positioning and stakeholder interests.

Fin Resources Limited Issues New Shares to Strengthen Capital Structure

Fin Resources Limited has announced the issuance of 27,272,725 fully paid ordinary shares, following shareholder approval obtained at the recent AGM. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market position and providing opportunities for growth and development within the industry.

FIN Resources Enhances Team and Advances Cabin Lake Gold Project

FIN Resources Limited has strengthened its technical team with the appointments of Dr. Solomon Buckman and Mr. Stephen Winterbottom to enhance its exploration capabilities at the Cabin Lake Gold Project in Canada. The company has commenced on-site assessments and due diligence activities, with historical data indicating significant high-grade gold potential. These developments position FIN for accelerated project development and potential growth in 2026.

Fin Resources Limited Announces General Meeting for Shareholders

Fin Resources Limited has announced a General Meeting for its shareholders, scheduled to take place on December 30, 2025, in West Perth, Australia. Shareholders are encouraged to participate by attending in person, voting by proxy, or appointing an authorized representative. The company emphasizes the importance of submitting proxy forms and questions in advance to facilitate efficient meeting preparation. Updates or changes regarding the meeting will be communicated through the company’s website and ASX announcement platform.

Fin Resources Limited Announces Successful AGM Outcomes

Fin Resources Limited announced the successful results of its Annual General Meeting, where all resolutions were passed. This includes key decisions such as the re-election of directors and the approval of share issues in lieu of fees, which could enhance the company’s financial flexibility and governance structure.

Fin Resources Expands Share Issuance to Fund Strategic Acquisition

Fin Resources Limited has issued 173,700,000 fully paid ordinary shares without disclosure to investors under the Corporations Act, in compliance with relevant legal provisions. This strategic move is part of the company’s ongoing efforts to enhance its financial position and support its recent acquisition of the high-grade Cabin Lake Gold Project in Canada, potentially strengthening its market presence and offering new opportunities for stakeholders.

Fin Resources Limited Announces Quotation of New Securities on ASX

Fin Resources Limited announced the quotation of 173,700,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 5, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the company’s capital base and investment opportunities.

Fin Resources Limited Announces Major Securities Issue

Fin Resources Limited announced a proposed issue of securities, including 90 million performance rights, 20 million unquoted lead manager options, 30 million corporate advisor options, and 290 million fully paid ordinary shares. This strategic move is expected to strengthen the company’s capital base and enhance its market positioning by expanding its financial instruments, potentially impacting stakeholders by increasing the company’s financial flexibility and investment appeal.

FIN Resources Acquires High-Grade Cabin Lake Gold Project in Canada

FIN Resources Limited has announced the acquisition of a 100% interest in the Cabin Lake Gold Project, located in Canada’s Northwest Territories. This project, situated in a Tier-1 jurisdiction, offers FIN a fully permitted, drill-ready gold asset with significant near-surface exploration potential. The Cabin Lake Project is strategically located near existing infrastructure and benefits from strong local partnerships, including an access agreement with the Tłı̨chǫ Government. The acquisition positions FIN Resources to capitalize on the project’s high-grade mineralization and extensive exploration potential, enhancing its industry positioning and offering potential value to stakeholders.

Fin Resources Limited Initiates Trading Halt for Major Announcement

Fin Resources Limited has requested a trading halt on its securities pending a significant announcement regarding a material acquisition and capital raising. This move is intended to help the company manage its disclosure obligations and is expected to impact its market operations and investor relations.

Fin Resources Limited Announces Annual General Meeting Details

Fin Resources Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 21, 2025, in West Perth. Shareholders are encouraged to participate either in person or by proxy, with the company emphasizing the importance of lodging proxy forms and submitting questions in advance to facilitate a smooth meeting process. The AGM will address key business matters affecting shareholdings, and shareholders are advised to review the meeting notice in full and seek professional advice if needed.