Far Northern Resources Limited (FNR) AI Stock Analysis

• Market Cap: AU$8.58M
• Dividend Yield: N/A
• Average Volume (3M): 27.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.48
• Revenue Growth: N/A
• EPS Growth: 63.41%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.02
• Shares Outstanding: 71,461,136
• 10 Day Avg. Volume: 27,608
• 30 Day Avg. Volume: 27,188
• PEG Ratio: 0.24
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -19.71
• 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$0.12 ▼(-2.50% Downside)

The score is held back primarily by weak operating performance and negative cash flow with minimal revenue, alongside bearish technical signals (price below key moving averages and negative MACD). A low-debt balance sheet is a notable support, but valuation metrics remain constrained by ongoing losses and the absence of dividend yield data.

Positive Factors

Shareholder Confidence

Strong shareholder support for leadership and strategic direction indicates confidence in the company's long-term potential and governance.

Resource Expansion

Increasing inferred resources supports future mining studies and potential production growth, enhancing long-term project viability.

Low Debt Levels

A low-debt balance sheet provides financial flexibility, reducing risk and supporting potential future investments or expansions.

Negative Factors

Negative Cash Flow

Persistent negative cash flow indicates ongoing financial strain, necessitating future capital raises or asset sales to sustain operations.

Weak Profitability

Minimal revenue and ongoing losses highlight challenges in achieving profitability, impacting long-term financial health and growth potential.

Exploration-Stage Risks

As an exploration-stage company, it faces significant risks in proving resource viability and achieving commercial production, impacting long-term sustainability.

Far Northern Resources Limited Business Overview & Revenue Model

Company Description

Far Northern Resources Limited engages in the exploration of gold and base metal properties in Australia. It holds interest in the Bridge Creek project located in Northern Territory; the Empire project located in North Queensland; and the Rocks Reef Project located in North Queensland. The company was incorporated in 2017 and is based in Fortitude Valley, Australia.

How the Company Makes Money

Far Northern Resources Limited makes money through the exploration, extraction, and sale of mineral resources. The company's primary revenue streams include the sale of extracted minerals such as gold and silver to industrial buyers, commodity traders, and refineries. Additionally, FNR may engage in joint ventures or partnerships with other mining companies to develop large-scale mining projects, thereby sharing costs and revenues. The company's earnings are also influenced by factors such as global commodity prices, operational efficiency, and the successful acquisition of exploration licenses and mining permits, which enable them to expand their resource base.

Far Northern Resources Limited Financial Statement Overview

Summary

Far Northern Resources Limited presents a challenging financial landscape marked by zero revenue generation, substantial operational losses, and negative cash flows. The company benefits from strong equity backing, which provides a cushion against financial distress, but the lack of profitable operations and reliance on external financing present significant risks. Improvement in revenue generation and operational efficiency is critical for financial stability.

Income Statement

Far Northern Resources Limited has faced consistent revenue challenges, evidenced by zero total revenue in the latest fiscal year. The net profit margin is negative due to substantial net losses, and the EBIT and EBITDA margins are both significantly negative, highlighting ongoing operational challenges. The absence of revenue growth further indicates stagnation in business activities.

Balance Sheet

The company maintains a robust equity position, with a high equity ratio of approximately 97.9%, indicating low leverage. The debt-to-equity ratio is notably low at 0.01, suggesting minimal financial risk from debt. However, the company has not achieved profitability, as evidenced by negative ROE, which constrains the balance sheet's potential improvement.

Cash Flow

Far Northern Resources Limited struggles with negative free cash flow and operating cash flow, reflecting cash outflows exceeding inflows. The operating cash flow to net income ratio is negative, indicating operational inefficiencies in generating cash. A positive note is the significant increase in financing cash flow, which suggests external funding support.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	27.00K	0.00	0.00
Gross Profit	-74.19K	-107.75K	-106.69K	27.00K	-66.40K	-3.20K
EBITDA	-715.61K	-422.87K	-969.11K	-340.88K	-46.45K	-305.91K
Net Income	-799.97K	-532.58K	-1.08M	-394.99K	-91.72K	-286.78K
Balance Sheet
Total Assets	9.42M	8.86M	9.42M	1.90M	1.52M	1.66M
Cash, Cash Equivalents and Short-Term Investments	3.56M	2.51M	3.56M	425.89K	10.22K	92.40K
Total Debt	30.00	90.09K	90.04K	0.00	77.80K	100.00K
Total Liabilities	201.51K	168.00K	201.51K	134.58K	78.04K	216.53K
Stockholders Equity	9.22M	8.69M	9.22M	1.54M	1.21M	1.19M
Cash Flow
Free Cash Flow	0.00	-522.03K	-1.01M	0.00	-82.18K	-231.90K
Operating Cash Flow	-724.13K	-522.03K	-1.01M	-308.20K	-82.18K	-231.90K
Investing Cash Flow	-12.96K	-528.92K	-13.06K	-1.13K	0.00	-991.68K
Financing Cash Flow	4.17M	0.00	4.17M	725.00K	0.00	1.13M

Far Northern Resources Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FNR, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.13, and below the 200-day MA of 0.15, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 28.09 is Positive, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FNR.

Far Northern 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%
SFM	49 Neutral	AU$33.28M	-27.48	-51.49%	―	―	5.93%
RBX	46 Neutral	AU$5.64M	-1.98	-99.05%	―	―	37.65%
FNR	45 Neutral	AU$8.58M	-16.00	-5.95%	―	―	63.41%
AAJ	45 Neutral	AU$7.02M	-1.98	-99.88%	―	―	-59.65%
GSM	45 Neutral	AU$9.90M	-4.88	-131.62%	―	―	65.32%
GNM	41 Neutral	AU$25.69M	-12.75	-32.31%	―	―	69.23%

Far Northern Resources Limited Corporate Events

Far Northern Resources Secures Shareholder Approval for Key Resolutions

Far Northern Resources Limited announced that all resolutions proposed at its 2025 Annual General Meeting were successfully passed by shareholders. The resolutions included the adoption of the remuneration report and the election of two directors, Mr. Nicholas Revell and Mr. Matthew Bashford, with overwhelming support, indicating strong shareholder confidence in the company’s leadership and strategic direction.

Far Northern Resources Updates Mineral Resource Estimate and Completes LiDAR Survey

Far Northern Resources Limited has updated its Mineral Resource Estimate (MRE) for the Ios Gold Project, increasing the inferred resource to 0.5 million tonnes at 1.49 grams per tonne of gold for a total of 24,100 ounces. This update supports the advancement of formal mining studies and ongoing resource definition drilling, which aims to enhance the confidence level of high-grade zones and improve geological domaining. Additionally, the company completed a LiDAR survey on its Bridge Creek mining leases, aiding in the strategic design of drill holes to expand near-mine resources.

Far Northern Resources Limited Announces 2025 AGM Details

Far Northern Resources Limited has announced its 2025 Annual General Meeting, scheduled for November 25, 2025, at its principal office in Fortitude Valley, Brisbane. Shareholders are invited to participate either in person or by proxy, with the option to appoint a representative to vote on their behalf. The company has made its Notice of Meeting and Annual Report available online, emphasizing the importance of reviewing these documents and consulting with financial advisors if necessary.