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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% | |
50 Neutral | AU$55.73M | -8.21 | -20.91% | ― | ― | -145.28% | |
47 Neutral | AU$56.30M | -5.83 | -6.35% | ― | ― | 59.26% | |
44 Neutral | AU$24.20M | -0.45 | -0.06% | ― | ― | ― | |
37 Underperform | AU$25.10M | -352.11 | 74.51% | ― | 71.37% | 82.48% |
Genmin Ltd. Corporate Events
Genmin Limited, an ASX-listed emerging African iron ore producer, is advancing a portfolio of wholly owned projects in Gabon, led by its Baniaka and Bakoumba assets that are strategically located near existing transport and renewable power infrastructure. With key permits, environmental approvals and a Mining Convention in place for Baniaka, Genmin aims to bring Gabon’s first commercial iron ore mine into production, initially at 5Mtpa and growing to at least 10Mtpa, supported by ongoing financing discussions and additional exploration potential at its Bitam polymetallic project.
The company has scheduled its annual general meeting for 28 May 2026, where the re-election and appointment of directors will be a core agenda item, and has set 20 March 2026 as the deadline for director nomination submissions. The governance timetable underscores a period of corporate and project maturation for Genmin as it aligns board composition with its transition from developer to producer, a shift that could be significant for investors, local stakeholders in Gabon and the broader African iron ore supply landscape.
The most recent analyst rating on (AU:GEN) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Genmin Ltd. stock, see the AU:GEN Stock Forecast page.
Genmin Ltd has reported the expiry of 5,000,000 listed options, with an exercise price of $0.442 and an original expiry date of 7 March 2026, which lapsed unexercised on 10 March 2026. The cessation of these options slightly simplifies the company’s capital structure, removing a potential source of future share dilution for existing shareholders.
The update was lodged with the ASX as a new Appendix 3H notification, confirming that the options expired without being converted into ordinary shares. While the announcement is largely administrative, it clarifies Genmin’s current issued capital and may marginally improve transparency and certainty for investors tracking the company’s potential equity overhang.
The most recent analyst rating on (AU:GEN) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Genmin Ltd. stock, see the AU:GEN Stock Forecast page.
Genmin Ltd has released an investor presentation at the Mining Indaba conference in Cape Town, outlining general background information on the company and its activities as of 9 February 2026. The document stresses that the material is informational, incomplete, and may change without notice, and it is not intended as an offer or recommendation to buy or sell securities.
The presentation emphasises extensive disclaimers on accuracy, liability, and the non-advisory nature of the content, urging recipients to conduct their own due diligence and seek professional advice. It also highlights that any performance data, forward-looking statements, market statistics, and diagrams are illustrative only, may be based on assumptions and third-party sources, and should not be solely relied upon for investment decisions.
The most recent analyst rating on (AU:GEN) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Genmin Ltd. stock, see the AU:GEN Stock Forecast page.
Genmin Limited has extended its non-binding offtake memoranda of understanding with three major Chinese steel groups—China Minmetals Corporation, Jianlong Group and Hunan-Valin Iron & Steel Group—for a further 18 months to 30 June 2027, reaffirming their interest in purchasing Baniaka Green® iron ore from the company’s Baniaka project in Gabon. The extended MoUs, which contemplate multi‑year offtake contracts priced against benchmark indices and subject to regulatory approvals and commencement of commercial production, are intended to pave the way for binding sales agreements aligned with Genmin’s targeted final investment decision on Baniaka in mid‑2026, strengthening the project’s commercial footing and underscoring demand from top-tier Chinese steelmakers.
The most recent analyst rating on (AU:GEN) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Genmin Ltd. stock, see the AU:GEN Stock Forecast page.
Genmin Limited has strengthened its balance sheet and advanced funding plans for its flagship Baniaka iron ore project, completing a A$25.7 million two-tranche equity placement that included A$8.3 million in director loan conversions, leaving the company debt-free with A$14 million in cash at 31 December 2025. The company signed a non-binding letter of intent with Chinese state-owned SHICO, which has indicated an intention to provide or procure about 60% of the funding for Baniaka’s phase-one 5Mtpa development and potentially support engineering, construction and offtake, while the appointment of Greg Lilleyman as Executive Chair is intended to sharpen the focus on securing full project financing, strategic partnerships and execution as Genmin moves toward completing its PFS addendum and a final investment decision.
The most recent analyst rating on (AU:GEN) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Genmin Ltd. stock, see the AU:GEN Stock Forecast page.
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.