Helix Resources Limited (AU:HLX)
ASX:HLX
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Helix Resources Limited
(Sydney:HLX)
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Rating:43Neutral
Price Target:
AU$0.01
▲(150.00% Upside)
Action:Reiterated
Date:06/01/26
The score is driven mainly by weak financial performance—zero latest-period revenue, ongoing losses, and continued cash burn—partly offset by a low-leverage balance sheet. Limited technical and valuation data (and a negative P/E) provide little additional support.
Positive Factors
Low Leverage / Balance Sheet Strength
Very low leverage gives Helix durable financial flexibility: it can fund exploration or negotiate JVs without heavy debt servicing, absorb write-offs typical in exploration cycles, and better withstand commodity cycle volatility while pursuing long-term discovery objectives.
Negative Factors
Zero Revenue in Latest Period
Recording zero revenue in the latest period underscores that Helix has not yet commercialized assets; ongoing losses mean no internal funding source. This structural absence of operating revenue increases reliance on external capital and extends the timeline to sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Balance Sheet Strength
Very low leverage gives Helix durable financial flexibility: it can fund exploration or negotiate JVs without heavy debt servicing, absorb write-offs typical in exploration cycles, and better withstand commodity cycle volatility while pursuing long-term discovery objectives.
Read all positive factors
Helix Resources Limited (HLX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.17M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)2.04
Revenue GrowthN/A
EPS Growth63.43%
CountryAU
Employees7
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding190,938,950
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)0.40
Price to Sales (P/S)0.00
P/FCF Ratio-5.91
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
Helix Resources Limited Business Overview & Revenue Model
Company Description
Operating from its headquarters in Subiaco, Australia, Helix Resources Limited is an Australian-based company dedicated to mineral exploration. Since its founding in 1985, the firm has focused its activities on uncovering deposits of copper, gold,...
How the Company Makes Money
Helix Resources Limited generates revenue by discovering and developing mineral resources, primarily copper, and then commercializing these assets either by selling them outright, entering into joint ventures, or partnering with larger mining and ...
Helix Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 139.03K | 292.95K | 70.77K | 201.34K |
| Gross Profit | -1.53K | -1.91K | 139.03K | 292.95K | -46.52K | 147.08K |
| EBITDA | -737.28K | -1.55M | 5.54M | -7.86M | -1.83M | -768.00K |
| Net Income | -719.56K | -1.58M | -1.18M | -7.91M | -2.16M | -1.17M |
Balance Sheet | ||||||
| Total Assets | 22.10M | 20.55M | 21.88M | 20.76M | 28.49M | 18.15M |
| Cash, Cash Equivalents and Short-Term Investments | 748.92K | 243.65K | 2.74M | 5.87M | 11.96M | 5.39M |
| Total Debt | 164.77K | 218.87K | 336.94K | 458.23K | 549.00K | 20.52K |
| Total Liabilities | 753.28K | 439.36K | 609.41K | 934.61K | 932.58K | 844.30K |
| Stockholders Equity | 21.35M | 20.11M | 21.27M | 19.83M | 27.56M | 17.30M |
Cash Flow | ||||||
| Free Cash Flow | -1.03M | -1.35M | -5.61M | -7.57M | -5.51M | -3.21M |
| Operating Cash Flow | -1.03M | -1.35M | -1.06M | -1.07M | -1.48M | -1.10M |
| Investing Cash Flow | -1.04M | -1.65M | -4.57M | -5.01M | -3.59M | -2.13M |
| Financing Cash Flow | 2.12M | 495.85K | 2.50M | -10.06K | 11.64M | 8.47M |
Helix 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% | |
53 Neutral | AU$6.51M | -3.63 | -4.88% | ― | 123.86% | 63.16% | |
46 Neutral | AU$5.94M | 0.36 | 32.02% | ― | ― | -78.26% | |
43 Neutral | AU$9.17M | -5.28 | -3.47% | ― | ― | 63.43% | |
| ― | AU$5.80M | -0.54 | -119.59% | ― | ― | 20.68% | |
44 Neutral | AU$4.70M | -1.84 | -148.04% | ― | ― | -17.86% | |
42 Neutral | AU$4.28M | 0.50 | 114.86% | ― | ― | ― |
* Basic Materials Sector Average
AU:HLX
Helix Resources Limited
0.05
>-0.01
-4.00%
AU:ABR
Bryah Resources Ltd.
0.01
-0.01
-50.00%
AU:ATT
Copper Search Ltd.
0.01
>-0.01
-18.75%
AU:M2M
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0.01
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-50.00%
AU:GES
Genesis Resources Limited
0.01
0.00
0.00%
AU:NPM
NewPeak Metals Ltd.
0.01
<0.01
18.18%
Helix Resources Limited Corporate Events
Helix shareholders back capital restructure and new share issues at 2026 meeting
May 25, 2026
Helix Resources has reported that all resolutions put to shareholders at its 2026 General Meeting were passed by poll, in line with ASX corporate governance recommendations. Key approvals included a consolidation of capital, the replacement of the...
Helix Resources Seeks ASX Quotation for Over 534 Million New Shares
May 24, 2026
Helix Resources Limited has applied to the Australian Securities Exchange for quotation of 534,629,052 ordinary fully paid shares, dated 22 May 2026. The application, lodged as a new announcement under ASX Listing Rules, formalises the move to hav...
Helix Resources Boosts Capital Base with Major Share Placement and Project Funding Issue
May 24, 2026
Helix Resources Limited has completed a significant share placement of 534,629,052 shares, led by CPS Capital Group, bringing in new investors including Tony Sage and European Lithium Limited. The company also issued a total of 1,336,572,631 fully...
Helix Secures 50% Stake in West Pilbara Gold–Lithium Project
May 22, 2026
Helix Resources has acquired a 50% interest in the Weerianna Gold–Lithium Project in Western Australia’s West Pilbara from Western Metals Pty Ltd, gaining exposure to both advanced gold mineralisation and emerging lithium potential. Th...
Helix Resources Defends Validity of Gold Basin Joint Venture Against Canex Claims
May 6, 2026
Helix Resources has responded to claims by Canex Metals that its joint venture with Gold Basin Resources over the Gold Basin Project in Arizona is invalid, stating that the Canex assertions are inaccurate, not legally determinative, and will be co...
Helix Advances Arizona Copper-Gold Targets and Formalises Gold Basin JV
Apr 30, 2026
Helix Resources reported progress in consolidating its Arizona portfolio, advancing both the White Hills copper-gold and Gold Basin oxide gold projects during the March 2026 quarter. The company also continued work at its Cobar Muriel Tank Gold Pr...
Helix Resources to Consolidate Shares and Options Following Shareholder Approval
Apr 22, 2026
Helix Resources Limited has announced a security consolidation affecting its ordinary fully paid shares, listed options and performance rights, with the reorganisation set to begin trading on a deferred settlement basis from 1 June 2026 and a reco...
Helix Resources calls May general meeting, pushes investors to vote by proxy
Apr 21, 2026
Helix Resources Limited has called a general meeting of shareholders to be held in person at the offices of Argus Corporate Partners in Perth on 25 May 2026 at 11:00am AWST. The company is emphasizing electronic access to meeting materials via its...
Helix seals joint venture to earn up to 40% of Arizona’s Gold Basin project
Mar 16, 2026
Helix Resources has executed a formal joint venture agreement to earn up to a 40% interest in the Gold Basin oxide gold project in Arizona, operated by Gold Basin Resources. Under the deal, Helix will fund up to A$3 million in exploration over two...
Helix Resources Releases Interim Financial Report for Half-Year 2025
Mar 13, 2026
Helix Resources Limited has released its consolidated interim financial report for the half-year ended 31 December 2025. The report package includes the directors’ report, financial statements, cash flow statement, notes, and an independent ...
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.
Disclaimer
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.