Highfield Resources Limited (AU:HFR)
ASX:HFR
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Highfield Resources Limited
(Sydney:HFR)
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Rating:42Neutral
Price Target:
AU$0.03
▼(-17.50% Downside)
Action:ReiteratedDate:04/25/26
The score is held down primarily by weak financial performance (no revenue, widening losses, and persistent cash burn) and rising balance-sheet risk from declining equity and higher leverage. Technicals are only modestly constructive in the short term but remain weak over longer timeframes, and valuation is constrained by ongoing losses and the absence of a dividend.
Positive Factors
Meaningful asset backing and positive equity
The company’s sizable asset base (~A$167.7m) and positive equity (~A$91.9m) provide tangible collateral and a foundation for project finance. For a development-stage miner, this asset backing can support lender comfort and structured financing as Muga advances toward construction and production.
Negative Factors
No revenue; sharply widening losses
The absence of operating revenue and a large net loss expansion in 2025 signal the company is not yet commercially operating. Sustained losses erode shareholder equity and make internal funding of development impossible, increasing reliance on external capital and raising long-term execution risk for the Muga project.
Read all positive and negative factors
Positive Factors
Negative Factors
Meaningful asset backing and positive equity
The company’s sizable asset base (~A$167.7m) and positive equity (~A$91.9m) provide tangible collateral and a foundation for project finance. For a development-stage miner, this asset backing can support lender comfort and structured financing as Muga advances toward construction and production.
Read all positive factors
Highfield Resources Limited (HFR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$16.59M
Dividend YieldN/A
Average Volume (3M)380.19K
Price to Earnings (P/E)―
Beta (1Y)1.92
Revenue GrowthN/A
EPS Growth-210.95%
CountryAU
Employees25
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)-0.04
Shares Outstanding474,077,060
10 Day Avg. Volume393,733
30 Day Avg. Volume380,188
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.23
Price to Sales (P/S)0.00
P/FCF Ratio-2.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Highfield Resources Limited Business Overview & Revenue Model
Company Description
Highfield Resources Limited, together with its subsidiaries, engages in the exploration and development of potash mines in Spain. The company's potash projects are located in the Ebro potash producing basin in Northern Spain. Its flagship property...
How the Company Makes Money
HFR’s intended primary source of revenue is the sale of potash fertiliser products produced from its flagship Muga Potash Project once it is constructed and operating; this would involve mining potash-bearing ore and processing it into saleable po...
Highfield Resources Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -15.77K | -19.49K | -26.27K | -18.51K | -28.07K |
| EBITDA | -9.29M | -2.88M | -7.12M | -5.77M | -6.67M |
| Net Income | -69.80M | -19.23M | -12.12M | -5.79M | -6.70M |
Balance Sheet | |||||
| Total Assets | 167.71M | 221.07M | 203.92M | 168.09M | 141.50M |
| Cash, Cash Equivalents and Short-Term Investments | 3.47M | 11.96M | 14.08M | 19.45M | 22.24M |
| Total Debt | 51.32M | 47.89M | 32.68M | 11.32M | 0.00 |
| Total Liabilities | 75.84M | 75.79M | 60.62M | 20.37M | 2.96M |
| Stockholders Equity | 91.87M | 145.28M | 143.29M | 147.72M | 138.54M |
Cash Flow | |||||
| Free Cash Flow | -8.62M | -14.06M | -19.47M | -18.02M | -15.04M |
| Operating Cash Flow | -8.62M | -8.81M | -9.91M | -5.87M | -4.34M |
| Investing Cash Flow | -2.85M | -5.25M | -9.56M | -12.15M | -10.70M |
| Financing Cash Flow | 2.69M | 11.50M | 14.35M | 13.47M | 17.29M |
Highfield Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
49 Neutral | AU$937.34M | -5.30 | -7.66% | ― | 2.91% | -620.97% | |
45 Neutral | AU$30.65M | -1.75 | -102.56% | ― | 24.22% | 40.08% | |
44 Neutral | AU$19.76M | -1.63 | -56.43% | ― | -25.56% | 38.24% | |
42 Neutral | AU$16.59M | -0.31 | -67.56% | ― | ― | -210.95% | |
42 Neutral | AU$7.34M | -1.13 | -430.00% | ― | ― | -118.10% |
* Basic Materials Sector Average
AU:HFR
Highfield Resources Limited
0.04
-0.09
-72.00%
AU:CP8
Fertoz
0.12
0.09
283.33%
AU:NUF
Nufarm Limited
2.44
-1.41
-36.62%
AU:TGH
Terragen Holdings Ltd
0.02
>-0.01
-20.00%
AU:APC
Australian Potash Limited
0.01
0.00
0.00%
AU:RLF
RLF AgTech Ltd
0.06
0.01
21.28%
Highfield Resources Limited Corporate Events
Highfield Resources Sets 2026 Virtual AGM, Seeks Capital-Raising Flexibility
Apr 23, 2026
Highfield Resources has called its 2026 annual general meeting for 27 May, to be held virtually via an online platform, with shareholders encouraged to lodge directed proxy votes ahead of the deadline. The agenda includes receiving the 2025 financ...
Highfield denies undisclosed news behind share price surge after ASX query
Apr 17, 2026
Highfield Resources has told the ASX it is not aware of any undisclosed information that would explain the recent sharp rise in its share price and trading volumes. The company pointed instead to the broader geopolitical environment, which has hei...
Highfield Sets 2026 AGM Date as Muga Potash Project Advances
Mar 31, 2026
Highfield Resources has scheduled its 2026 Annual General Meeting for 28 May 2026 and set 9 April 2026 as the closing date for director nominations, in line with ASX listing requirements. The announcement signals a regular governance milestone for...
Highfield Resources Secures A$10m Funding as Muga Potash Project Awaits Key Permit Ruling
Jan 27, 2026
Highfield Resources has secured a A$10 million convertible note investment from existing strategic shareholders EMR Capital, Tectonic Investment Management and another existing investor, alongside an extension of its existing convertible notes, to...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.