Helix Resources Limited (HLX) AI Stock Analysis

• Market Cap: AU$5.35M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 1.93
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 7
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 5,346,290,500
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.25
• Price to Book (P/B): 0.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.91
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: ―

Helix Resources Limited's stock score reflects the challenges of an early-stage mining company with financial volatility, negative profitability, and substantial reliance on external financing. Strong equity backing and low debt provide a foundation for potential future growth, but technical and valuation metrics offer limited immediate appeal.

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. Helix Resources Limited was incorporated in 1985 and is headquartered in Subiaco, Australia.

How the Company Makes Money

Helix Resources Limited generates revenue primarily through the exploration and potential extraction of mineral resources, such as copper and gold. The company's revenue model is centered around identifying promising exploration targets, conducting detailed geological surveys, and advancing these projects to attract investment or potential sale to larger mining entities. Revenue streams may include joint ventures or partnerships with other mining companies, which can provide financial backing or technological support in exchange for a stake in the project. Additionally, Helix Resources may earn income through the sale or optioning of its exploration tenements to other interested parties in the mining industry. The company's earnings can be significantly influenced by the fluctuating market prices of copper and gold, as well as the success of its exploration activities in discovering commercially viable mineral deposits.

Helix Resources Limited Financial Statement Overview

Summary

Helix Resources Limited is experiencing financial volatility typical of early-stage mining companies. The company shows a significant revenue decline and negative net profit margins, although there is a positive shift in EBITDA. The balance sheet is strong with minimal debt, and while free cash flow is negative, improvements in operating cash flow are noted. Overall, the financial position indicates potential for future growth contingent on revenue enhancement and cost management.

Income Statement

Helix Resources Limited shows a volatile revenue trend with the latest annual revenue decreasing significantly by 58% from the previous year. The net profit margin remains negative due to persistent net losses, although there is a marked improvement in EBITDA from negative to positive territory. The gross profit margin is 100% as total revenue equals gross profit, indicating no cost of goods sold, which is typical for a mining company not yet in full production or sales.

Balance Sheet

The balance sheet reflects a stable equity base with an equity ratio of 97%, indicating strong capitalization with minimal debt reliance. The debt-to-equity ratio is low at 0.02, highlighting a conservative leverage position. The return on equity remains negative due to continuing net losses, suggesting the company has not yet reached profitability.

Cash Flow

Free cash flow remains negative, but there is an improvement in operating cash flow compared to previous years. The ratio of operating cash flow to net income is below 1, indicating reliance on external financing. The company's financing activities have injected cash, but high capital expenditures continue to result in negative free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	40.61K	0.00	139.03K	292.95K	70.77K	201.34K
Gross Profit	39.66K	-1.91K	139.03K	292.95K	-46.52K	147.08K
EBITDA	-1.21M	-1.55M	5.54M	-7.86M	-1.83M	-768.00K
Net Income	-1.58M	-1.58M	-1.18M	-7.91M	-2.16M	-1.17M
Balance Sheet
Total Assets	20.55M	20.55M	21.88M	20.76M	28.49M	18.15M
Cash, Cash Equivalents and Short-Term Investments	243.65K	243.65K	2.74M	5.87M	11.96M	5.39M
Total Debt	218.87K	218.87K	336.94K	458.23K	549.00K	20.52K
Total Liabilities	439.36K	439.36K	609.41K	934.61K	932.58K	844.30K
Stockholders Equity	20.11M	20.11M	21.27M	19.83M	27.56M	17.30M
Cash Flow
Free Cash Flow	-2.47M	-1.35M	-5.61M	-7.57M	-5.51M	-3.21M
Operating Cash Flow	-1.35M	-1.35M	-1.06M	-1.07M	-1.48M	-1.10M
Investing Cash Flow	-1.65M	-1.65M	-4.57M	-5.01M	-3.59M	-2.13M
Financing Cash Flow	495.85K	495.85K	2.50M	-10.06K	11.64M	8.47M

Helix Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HLX	48 Neutral	AU$5.35M	―	-7.78%	―	―	―
SVY	45 Neutral	AU$10.96M	-1.98	-56.10%	―	―	44.90%
EM2	41 Neutral	AU$12.31M	-0.35	―	―	―	-80.38%
AON	35 Underperform	AU$7.43M	-1.82	-41.95%	―	―	-17.02%
BMG	33 Underperform	AU$20.34M	-13.57	-7.48%	―	―	87.39%
EEL	32 Underperform	AU$5.28M	―	-76.38%	―	―	―

Helix Resources Limited Corporate Events

Helix Resources Director Adjusts Option Holdings as Lapsed Securities Disclosed

Helix Resources Limited has disclosed a change in director Kylie Prendergast’s indirect interests, lodged via an Appendix 3Y notice to the ASX. Through her associated entity KAJE Holdings Pty Ltd, Prendergast allowed 2.4 million options—exercisable at $0.036, $0.063 and $0.081 and expiring on 20 December 2025—to lapse without consideration, resulting in a reduction of her option holdings but no change to her substantial shareholding or performance rights. The update slightly simplifies the director’s equity exposure while leaving her core share and performance rights position in the company unchanged, and represents routine governance disclosure under ASX rules rather than a shift in Helix’s operational or strategic direction.

Helix Resources Options Lapse Without Exercise, Leaving Capital Structure Unchanged

Helix Resources Limited has reported the expiry of a series of listed options on its share register, as disclosed in an Appendix 3H filing with the ASX. A total of 2.4 million options across three separate series, all due to expire on 20 December 2025 with exercise prices ranging from $0.036 to $0.081, have lapsed unexercised, resulting in no new shares being issued and leaving the company’s issued capital structure unchanged, which may signal limited current market appetite to convert these options at their respective strike prices.

Helix Resources Announces Director’s Interest Change

Helix Resources Limited has announced a change in the director’s interest, specifically involving Kylie Prendergast, who has altered her indirect interest in the company through KAJE Holdings Pty Ltd. This change includes the acquisition of 175,000,000 performance rights and the disposal of 21,600,000 incentive options across Class D, E, and F. This adjustment in holdings may impact the company’s governance and stakeholder confidence, reflecting strategic shifts in director engagement with the company’s securities.

Helix Resources Announces Director’s Interest Change

Helix Resources Limited announced a change in the director’s interest, with Michael George Frederick Povey acquiring 175,000,000 performance rights following shareholder approval at the 2025 Annual General Meeting. This change reflects strategic moves within the company’s governance structure, potentially impacting its operational dynamics and signaling confidence in its future prospects.

Helix Resources Issues New Performance Rights to Employees

Helix Resources Limited announced the issuance of 700,000,000 new performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions, reflecting the company’s strategy to motivate and retain employees while aligning their interests with corporate goals.

Helix Resources Limited Announces Cessation of Securities

Helix Resources Limited announced the cessation of certain securities, specifically 26,370,000 employee incentives and 21,600,000 director performance incentives, which were canceled by agreement between the entity and the holders. This move may impact the company’s capital structure and could influence its financial strategies and stakeholder relations moving forward.

Helix Resources Launches Exploration at White Hills Project in Arizona

Helix Resources Limited has initiated an exploration program at its White Hills Copper-Gold Project in Northern Arizona. The program aims to refine geological interpretations and assess the potential scale of copper-gold mineralization. This initiative is part of a joint venture with Newmont, designed to meet expenditure requirements and enhance the geological model of the area. The project is strategically located within two metallogenic belts, offering promising prospects for porphyry copper and gold systems.

Helix Resources Limited Announces Quotation of 12 Million Securities

Helix Resources Limited has announced the application for quotation of 12 million securities, which are options expiring on September 10, 2027. This move is part of previously announced transactions and could impact the company’s financial strategy and market presence by potentially increasing its capital and investor interest.

Helix Resources Secures Shareholder Approval at 2025 AGM

Helix Resources Limited held its 2025 Annual General Meeting, where all resolutions were passed by poll, in line with corporate governance recommendations. Key resolutions included the approval of the remuneration report, election and re-election of directors, and ratification of share placements, indicating solid support from shareholders for the company’s strategic direction.

Helix Resources Advances Exploration with New Drilling and Strategic Evaluations

Helix Resources Limited announced several key developments in its quarterly activities report for September 2025. The company plans to commence drilling at the White Hills Gold project in the December 2025 quarter, targeting porphyry copper and gold. An updated resource estimate is underway for the Gold Basin project, which currently holds an inferred resource of 299,800 ounces of gold. Helix is also re-evaluating its strategic options for its nickel, cobalt, and scandium properties in New South Wales. Additionally, the company successfully completed a $2 million rights issue and placement, and fieldwork is set to begin at the Cobar Muriel Tank gold project. These activities indicate Helix’s strategic focus on expanding its exploration efforts and optimizing its resource portfolio.

Helix Resources Announces Upcoming AGM with Focus on Digital Engagement

Helix Resources Limited has announced its upcoming Annual General Meeting (AGM) for shareholders, scheduled for November 19, 2025, in Perth. The company is opting for electronic distribution of meeting materials, encouraging shareholders to participate and vote via proxy forms. This move reflects a modern approach to shareholder engagement, potentially increasing participation and streamlining communication. The AGM will provide a platform for discussing the company’s ongoing projects and future strategies, which are crucial for its stakeholders.

Legacy Minerals Retains Full Ownership of Central Cobar Project

Legacy Minerals Holdings Limited, a company focused on mineral exploration, has announced that Helix Resources Limited has withdrawn from the Central Cobar Farm-In agreement. As a result, Legacy Minerals retains full ownership of the Central Cobar Project, along with all exploration data and results. This development presents a significant opportunity for Legacy Minerals to advance its activities in the promising Cobar Basin region.

Helix Resources Confirms Strong Gold Recoveries at Gold Basin Project

Helix Resources Limited announced successful metallurgical testwork results for its Gold Basin oxide-gold deposit, confirming excellent gold recoveries and low reagent consumption, which enhance the project’s development potential. The results indicate that the deposit is highly amenable to heap leaching, with no metallurgical barriers, supporting the company’s plans for a low CAPEX/OPEX heap-leach operation, and positioning Gold Basin as a significant growth opportunity for Helix.

Helix Resources Announces AGM Focusing on Leadership Elections

Helix Resources Ltd has announced its Annual General Meeting (AGM) will be held on November 19, 2025, where the re-election and appointment of directors will be a key agenda item. This meeting is crucial for stakeholders as it will shape the company’s leadership, potentially impacting its strategic direction in the competitive copper and gold exploration industry.