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:ReiteratedDate:03/24/26
The score is primarily held back by weak operating performance (revenue falling to zero, persistent losses) and continued cash burn. A low-debt balance sheet provides some support, but limited technical data and a negative P/E (loss-making) keep the overall profile high risk.
Positive Factors
Low-leverage balance sheet
Very low debt (debt-to-equity ~1.1%) gives Helix durable financial flexibility to fund exploration or withstand commodity cycles without immediate insolvency risk. This reduces refinancing pressure and supports staged project funding and partnering options over the next 2-6 months.
Negative Factors
Zero revenue and persistent losses
The company reported zero revenue and ongoing net losses, meaning core operations are not self-sustaining. Over a 2-6 month horizon this structural lack of operating income keeps Helix dependent on external funding and prevents organic profitability or reinvestment from operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low-leverage balance sheet
Very low debt (debt-to-equity ~1.1%) gives Helix durable financial flexibility to fund exploration or withstand commodity cycles without immediate insolvency risk. This reduces refinancing pressure and supports staged project funding and partnering options over the next 2-6 months.
Read all positive factors
Helix Resources Limited (HLX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.35M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)3.10
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees7
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding5,346,290,500
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
Helix Resources Limited engages in the mineral exploration activities in Australia. It explores for copper, gold, iron ore, nickel, cobalt, and other base metals. Its principal projects include the Collerina, the Rochford, and the Meryula projects...
How the Company Makes Money
Public, consistently verifiable detail on Helix Resources Limited’s specific revenue model and recurring operating revenue streams is null. As an exploration-stage company, HLX’s economic value creation typically comes from increasing the value of...
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% | |
45 Neutral | AU$77.17M | -0.73 | -57.60% | ― | ― | -17.02% | |
45 Neutral | AU$9.97M | 0.82 | -45.95% | ― | ― | -80.38% | |
44 Neutral | AU$32.09M | -12.24 | -6.44% | ― | ― | 87.39% | |
43 Neutral | AU$5.35M | -5.00 | -3.47% | ― | ― | ― | |
40 Underperform | AU$9.59M | -1.36 | -57.07% | ― | ― | 44.90% |
* Basic Materials Sector Average
AU:HLX
Helix Resources Limited
―
―
―
AU:AON
Apollo Minerals Limited
0.06
0.05
250.00%
AU:SVY
Stavely Minerals Ltd
0.01
>-0.01
-12.50%
AU:BMG
BMG Resources Limited
0.03
0.01
73.33%
AU:EM2
Eagle Mountain Mining Ltd.
0.01
0.00
0.00%
Helix Resources Limited Corporate Events
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 ...
Helix Resources Ramps Up Arizona Copper-Gold Exploration and Strengthens Gold Project Pipeline
Jan 28, 2026
Helix Resources has advanced its exploration efforts at the White Hills porphyry copper-gold project in Arizona, launching deep geophysical programs in December 2025, including passive seismic Ambient Noise Tomography and Controlled-Source Audio-M...
Helix Monitors Gold Basin JV as Hostile Takeover Bid Falters and Loan Terms Reset
Jan 21, 2026
Helix Resources has provided an update on its joint venture arrangements over the Gold Basin oxide gold project in Arizona amid a hostile takeover bid for its partner, Gold Basin Resources, by Canex Metals. Canex has waived a key 66.67% minimum ac...
Helix Advances Geophysics at Arizona White Hills to Refine Copper-Gold Drill Targets
Jan 13, 2026
Helix Resources has largely completed a suite of geophysical and field programs at its White Hills Copper-Gold Project in northern Arizona, including passive seismic Ambient Noise Tomography, Controlled-Source Audio-Magnetotellurics surveys and ex...
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.