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Genmin Ltd.
(Sydney:GEN)
Genmin Ltd. (GEN) vs. iShares MSCI Australia ETF (EWA)
Genmin Ltd. Business Overview & Revenue Model
Genmin Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -514.00K | -520.01K | -601.12K | -363.51K | -261.13K | -119.18K |
| EBITDA | -17.40K | -14.23M | -16.53M | -10.08M | -4.95M | -3.24M |
| Net Income | -21.65K | -17.26M | -19.85M | -8.01M | -3.98M | -2.80M |
Balance Sheet | ||||||
| Total Assets | 72.00M | 80.63M | 69.79M | 52.48M | 42.65M | 34.58M |
| Cash, Cash Equivalents and Short-Term Investments | 85.09K | 3.85M | 126.18K | 7.34M | 12.75M | 1.13M |
| Total Debt | 27.48M | 22.64M | 17.74M | 11.36M | 476.51K | 2.91M |
| Total Liabilities | 33.20M | 26.26M | 22.87M | 14.66M | 2.57M | 4.31M |
| Stockholders Equity | 38.95M | 54.52M | 24.79M | 37.90M | 40.85M | 22.42M |
Cash Flow | ||||||
| Free Cash Flow | -15.50K | -15.42M | -17.77M | -21.17M | -11.56M | -4.30M |
| Operating Cash Flow | -14.12K | -15.42M | -13.69M | -6.97M | -7.06M | -3.08M |
| Investing Cash Flow | -1.34M | -3.39M | -4.19M | -4.20M | -4.50M | -1.22M |
| Financing Cash Flow | 14.05M | 22.32M | 7.37M | 4.97M | 28.87M | 5.75M |
Genmin 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% | |
58 Neutral | AU$59.32M | -3.46 | -21.74% | ― | ― | -145.28% | |
49 Neutral | AU$84.45M | -24.55 | -5.89% | ― | ― | 59.26% | |
44 Neutral | AU$31.12M | -0.41 | -48.35% | ― | ― | ― | |
37 Underperform | AU$25.10M | -1.07 | ― | ― | 71.37% | 82.48% |
Genmin Ltd. Corporate Events
Genmin Ltd. has successfully completed a A$25.7 million capital placement, enabling the company to emerge debt-free and advance the Baniaka iron ore project in Gabon towards a Final Investment Decision. Supported by significant financial input from its Board and management, as well as a new Letter of Intent with SHICO financing up to 60% of the project’s requirements, the company is positioned to accelerate critical project and financing workstreams, with stakeholder alignment further strengthened through notable equity conversions.
Genmin Ltd. has provided a snapshot of its top 20 holders for listed options set to expire on December 18, 2027, demonstrating robust investor interest. The report reveals that the top 20 holders account for 68.76% of the total issued units, led by significant stakeholders such as Harry Belle Holdings Pty Ltd and INVIA Custodian Pty Limited. This distribution highlights concentrated ownership among key investors, potentially impacting future trading dynamics and decision-making for the company.
Genmin Ltd. has announced a significant change in the holdings of director Greg Lilleyman. Through tranche 2 of a previously approved placement, Lilleyman has acquired an additional 308,482,152 fully paid ordinary shares and 154,241,076 options, which are exercisable by December 2027. This move highlights the company’s ongoing capital expansion strategy and could indicate enhanced alignment of management interests with shareholder value, reflecting positively on its industry positioning and operational growth initiatives.
Genmin Limited has announced a significant change in the ownership interests of one of its directors, John Hodder. Following shareholder approval, Hodder’s indirect shareholding increased substantially through a tranche 2 placement of securities involving over 520 million fully paid ordinary shares and over 260 million options, highlighting key strategic moves to strengthen the company’s capital structure and shareholder base, with potential positive implications for its market positioning and operational activities.
Genmin Limited has announced the issuance of 2,438,057,085 fully paid ordinary shares without disclosure under relevant sections of the Corporations Act 2001. The announcement confirms the company’s compliance with pertinent regulatory provisions, reflecting its commitment to adhering to corporate governance and transparency standards, which may influence stakeholders’ confidence in its operational and market activities.
Genmin Ltd. has announced the issuance and quotation of over 2.4 billion fully paid ordinary shares and more than 1.3 billion options with a December 2027 expiration date on the Australian Securities Exchange (ASX). This significant development aligns with the company’s previously disclosed transactions and is expected to support its capital structure, financing strategies, and broader operational goals, potentially reinforcing its position and offering benefits to its stakeholders in the mining sector.
Genmin Limited has announced a change in the interest of its director, Greg Lilleyman, in the company’s securities. The change involves the lapsing of 300,000 performance rights due to unmet conditions, reducing his holding to 900,000 performance rights expiring on 30 May 2029. This adjustment reflects a shift in the director’s stake, potentially impacting his influence and the company’s governance dynamics.
Genmin Limited has announced a change in the director’s interest, specifically regarding Salvatore Pietro Amico. The change involves the lapsing of 400,000 performance rights due to unmet conditions, leaving Amico with 886,350 fully paid ordinary shares and 295,450 unlisted options. This adjustment in director’s securities does not involve any cash consideration and reflects a shift in the company’s internal management of director interests.
Genmin Limited has announced the cessation of 700,000 performance rights due to the conditions for these securities not being met or becoming incapable of being satisfied. This development may affect the company’s capital structure and could have implications for its stakeholders, particularly in terms of investor confidence and future financial performance.
Genmin Limited has issued a prospectus for the offer of new options to investors and joint lead managers. The company aims to distribute up to 1.23 billion new options to placement participants and 74.15 million options to joint lead managers, with additional piggyback options available to eligible investors. The success of these offers is contingent upon meeting ASX quotation requirements, and the company has scheduled a general meeting to seek shareholder approval for related matters.
Genmin Limited has received a Letter of Intent from Sino-Hunan International Engineering and Development Co., Ltd (SHICO) to become a key project participant and offtake partner for its Baniaka Iron Ore Project in Gabon. SHICO proposes to finance 60% of the project, with Genmin covering the remaining 40%, and plans to integrate Chinese engineering expertise for cost-effective development. This collaboration aims to enhance the project’s capacity and includes potential long-term offtake agreements, positioning Genmin strategically within the iron ore industry.
Genmin Ltd. has announced the application for quotation of 131,942,915 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective November 24, 2025. This move is part of previously announced transactions, potentially enhancing the company’s capital structure and market presence.
Genmin Limited announced the completion of tranche 1 of its placement, issuing over 131 million new shares to raise A$1.32 million. This move is part of Genmin’s strategy to secure financing for its Baniaka project, which is poised to be Gabon’s first commercial iron ore mine. The completion of tranche 2 is pending shareholder approval, reflecting the company’s ongoing efforts to strengthen its financial position and advance its mining operations in Gabon.
Genmin Limited has announced a correction to the maximum number of securities in its proposed issue, updating a previous announcement made on November 17, 2025. This update is part of the company’s ongoing compliance with ASX Listing Rules, ensuring accurate disclosure and transparency in its securities issuance process.
Genmin Limited has announced an Extraordinary General Meeting to be held virtually on December 16, 2025. The meeting will address several resolutions, including the ratification of prior share issues and approvals for new share issues and options related to placements. These decisions are crucial for the company’s strategic financial activities and could impact shareholder value and market positioning.
Genmin Limited has announced that it will hold an extraordinary general meeting (EGM) on December 16, 2025, via Zoom Teleconference, allowing shareholders to participate remotely. This virtual meeting approach reflects the company’s commitment to efficient communication and environmental responsibility, as it encourages electronic document distribution to reduce environmental impact.
Genmin Limited has announced an extraordinary general meeting (EGM) to be held virtually on December 16, 2025, via Zoom Teleconference. The meeting will allow shareholders to participate in real-time discussions and vote online. The agenda includes the ratification of the prior issue of Tranche 1 Shares and the approval for the issue of Tranche 2 General Shares, with specific voting exclusions applied to those involved in the share placements. This meeting is significant for the company’s capital management strategy and could impact shareholder value and market perception.
Genmin Ltd. has released a presentation concerning its equity raising efforts, emphasizing that the information is confidential and not intended for distribution in the United States. The presentation provides a general overview of Genmin and its activities, but it does not constitute an offer or recommendation to purchase securities. Stakeholders are advised to conduct their own research and analysis before making investment decisions, as the presentation contains forward-looking statements that involve risks and uncertainties.
Genmin Ltd. has announced a proposed issue of securities, including options exercisable at AUD$0.015 and AUD$0.02, as well as fully paid ordinary shares. The issuance is scheduled for November 24, 2025, and aims to enhance the company’s capital structure, potentially impacting its market position and stakeholder interests.
Genmin Limited has successfully secured commitments to raise approximately A$25.7 million through a two-tranche placement to institutional, sophisticated, and professional investors. This capital will be used to advance the Baniaka iron ore project towards a final investment decision, complete a pre-feasibility study addendum, and cover corporate costs. The participation of directors in the placement, through loan conversions, underscores the board’s confidence in the project’s potential. The funds will also help repay company creditors and cover placement costs, positioning Genmin to execute project financing and commence the project build under the leadership of Executive Chair Greg Lilleyman.
Genmin Limited has announced the transition of Greg Lilleyman from Non-Executive Board Chair to Executive Chair, effective immediately. This strategic move aims to leverage Lilleyman’s extensive experience in iron ore project financing and operations to expedite the final investment decision for the Baniaka iron ore project, which is now ‘build ready’ pending project financing. Lilleyman’s appointment is expected to enhance the company’s operational efficiency and strengthen its position in the iron ore industry.
Genmin Limited has announced the novation of a A$3 million loan from its largest shareholder, Tembo Capital, to an entity related to non-executive director John Hodder. Additionally, loans from entities related to non-executive director John Hodder and non-executive Chair Greg Lilleyman have been increased by A$0.2 million each. These funds, which can be accessed immediately, will be used for general working capital as Genmin progresses its Baniaka iron ore project. The loans reflect strong confidence in Genmin’s strategy and the potential of the Baniaka project, with the possibility of future repayment through equity issuance, subject to approvals.