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Iron Road Ltd
(Sydney:IRD)
Iron Road Ltd (IRD) vs. iShares MSCI Australia ETF (EWA)
Iron Road Ltd Business Overview & Revenue Model
Iron Road Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 87.48K | 7.69M | 817.38K | 1.00M | 38.00 | 50.27K |
| Gross Profit | 75.12K | 7.69M | 817.38K | -45.40K | -46.79K | -46.83K |
| EBITDA | -2.09M | 5.19M | -1.45M | -347.00K | -3.82M | -5.41M |
| Net Income | -98.64M | 5.05M | -1.49M | -468.00K | -4.03M | -5.44M |
Balance Sheet | ||||||
| Total Assets | 40.78M | 138.56M | 134.76M | 135.79M | 135.67M | 137.31M |
| Cash, Cash Equivalents and Short-Term Investments | 1.77M | 3.55M | 234.97K | 1.78M | 1.94M | 4.79M |
| Total Debt | 0.00 | 0.00 | 503.22K | 0.00 | 0.00 | 343.12K |
| Total Liabilities | 503.59K | 1.11M | 2.32M | 3.45M | 1.85M | 1.49M |
| Stockholders Equity | 40.28M | 137.45M | 132.44M | 132.34M | 133.82M | 135.83M |
Cash Flow | ||||||
| Free Cash Flow | -2.54M | 4.05M | -2.33M | -1.23M | -4.23M | -3.26M |
| Operating Cash Flow | -2.31M | 4.58M | -1.78M | -890.37K | -2.93M | -2.50M |
| Investing Cash Flow | -620.12K | -474.12K | -555.02K | -343.62K | -1.30M | -752.87K |
| Financing Cash Flow | -754.52K | -741.50K | 785.90K | 1.08M | 1.38M | 7.66M |
Iron Road Ltd Technical Analysis
Iron Road Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$19.14M | -0.05 | -111.00% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | AU$43.94M | -18.98 | -1.31% | ― | ― | ― | |
41 Neutral | AU$27.45M | -4.50 | -123.74% | ― | ― | 66.67% | |
28 Underperform | AU$26.95M | -1.50 | -32.09% | ― | ― | -141.04% |
Iron Road Ltd Corporate Events
Iron Road has outlined plans for Stage 2 reverse circulation drilling at the TAU-A nickel-copper-gold target within the Irria Prospect in South Australia, operated under a farm-in and joint venture with Red Tiger Resources. The program, funded from existing cash reserves, will initially comprise two 150-metre holes, with scope for up to four additional holes if chip logging and portable XRF readings justify further work.
The TAU-A target was defined from airborne variable time domain electromagnetic surveys that highlight a high-conductivity anomaly along the Coorabie Shear Zone, a major crustal-scale structure in the western Gawler Craton associated with mineralising fluids. Located about 500 metres along strike from the historic TOP EAST prospect, where prior work recorded sulphide-rich quartz veins, the drilling could materially advance Iron Road’s exposure to nickel, copper and gold potential in a highly prospective structural corridor.
The most recent analyst rating on (AU:IRD) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Iron Road Ltd stock, see the AU:IRD Stock Forecast page.
Iron Road’s half-year report to 31 December 2025 shows the company kept spending on its Central Eyre Iron Project modest, aside from mining lease rentals, while concentrating on corporate work, due diligence preparation and engagement with potential strategic investors and project partners. Management is pitching CEIP’s flexible ore reserve, capable of producing both 67% Fe sinter feed and 70% Fe DR-grade concentrates, as a credible, advanced high-grade option as the steel industry looks to DR products to cut Scope 3 emissions, despite weak Chinese steel demand and a soft global investment climate for magnetite developers.
The broader iron ore backdrop in 2025 was marked by sustained weakness in China’s property sector, subdued fixed asset investment and softer crude steel output, which lifted Chinese iron ore inventories and kept demand tepid. Even so, benchmark prices for 61–62% Fe and 65% Fe fines remained relatively stable through the second half, supporting Iron Road’s strategic view that high-grade products will remain sought after, potentially underpinning future interest in CEIP from partners and investors once market sentiment improves.
The most recent analyst rating on (AU:IRD) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Iron Road Ltd stock, see the AU:IRD Stock Forecast page.
Iron Road has reported Stage 1 drilling assay results from the Irria heavy mineral sands prospect on EL6580 in South Australia, where 27 air-core holes over four north-south sections have confirmed a laterally extensive, ilmenite-dominated mineralised system hosted in an interpreted paleochannel. Key intercepts include broad zones grading up to 4.4% heavy minerals with high valuable heavy mineral contents, and modal analysis indicates a pseudo-rutile rich ilmenite product with elevated TiO2 levels, comparable to assemblages at PTR Minerals’ nearby Rosewood prospect, underscoring the area’s potential to host a significant heavy mineral deposit and enhancing Iron Road’s growth options in the mineral sands space.
The program’s real-time optimisation, guided by an independent HMS specialist, has allowed the company to efficiently delineate the most prospective zones and identify a possible 4km by 1km extension to the northeast, providing a strong basis for further exploration. These results suggest meaningful upside for Iron Road’s asset base and could improve its strategic positioning in the emerging South Australian mineral sands province, with implications for future development studies and potential value creation for joint venture partners and shareholders.
The most recent analyst rating on (AU:IRD) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Iron Road Ltd stock, see the AU:IRD Stock Forecast page.
Iron Road kept spending on its Central Eyre Iron Project at modest levels during the December quarter while concentrating on preparations to engage several Asian steelmakers in early 2026, a strategy pursued against a backdrop of subdued global investment in iron ore developments, high domestic power costs and softer Chinese steel demand. Despite weaker steel production and tepid consumption in China, benchmark iron ore prices remained relatively stable, underscored by cost-curve support from higher-cost producers, while Iron Road advanced its diversification effort through the Mulgathing Project with Red Tiger Resources, completing a Stage 1 air-core drilling program targeting heavy mineral sands at the Irria Prospect and planning a Stage 2 RC campaign to test a geophysics-based nickel-copper-gold target, potentially broadening its commodity and project pipeline exposure in South Australia.
The most recent analyst rating on (AU:IRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Iron Road Ltd stock, see the AU:IRD Stock Forecast page.
Iron Road Limited has completed an on-market share buy-back program for its ordinary fully paid shares, repurchasing a total of 3,431,809 securities for approximately A$167,537. The conclusion of this buy-back, initially notified in February 2025 and now marked as final in an updated ASX filing dated 28 January 2026, reflects the company’s capital management strategy and may have implications for its share structure and shareholder value, signalling management’s approach to balancing available capital with the number of shares on issue.
The most recent analyst rating on (AU:IRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Iron Road Ltd stock, see the AU:IRD Stock Forecast page.
Iron Road Ltd has reported a change in the holdings of director Glen Anthony Chipman, who increased his direct interest by 232,374 fully paid ordinary shares through an in-specie distribution, taking his total shareholding to 3,896,909 shares while retaining 4,000,000 unquoted vested performance rights. The transaction, which involved no cash consideration and did not occur during a closed trading period, reflects an adjustment in the director’s equity position but does not alter the company’s overall capital structure, with limited immediate implications for broader shareholders beyond standard governance transparency.
The most recent analyst rating on (AU:IRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Iron Road Ltd stock, see the AU:IRD Stock Forecast page.
Iron Road has completed a Stage 1 air-core drilling program at the Irria Prospect within its Mulgathing Project in South Australia, aimed primarily at assessing the potential for heavy mineral sands on exploration licence EL6580 under a farm-in and joint venture with Red Tiger Resources, which is managing the exploration work. The 27-hole, 690.5 metre program was dynamically scaled in the field based on visible heavy mineral sands, with results and follow-up plans to be reported in February 2026, while initial checks found no uranium mineralisation warranting assay; attention is now shifting to a geophysics-defined TAU-A target for possible nickel-copper-gold mineralisation, where a Stage 2 reverse circulation drilling campaign of deeper holes is being planned after earlier electromagnetic surveys indicated a strong conductive anomaly aligned with regional structures, potentially enhancing Iron Road’s exposure to base and precious metal opportunities at depth.
The most recent analyst rating on (AU:IRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Iron Road Ltd stock, see the AU:IRD Stock Forecast page.
Iron Road has declined to grant a further extension to Revera Energy’s option to purchase a 24-hectare gulf-front land parcel known as Area C at Cape Hardy, meaning the $1 million purchase option has lapsed after the parties failed to agree alternative commercial terms. While Revera Energy retains options over the remaining 580 hectares earmarked for its proposed Cape Hardy Green Hydrogen Project, the expiry of the Area C option activates a buyback right for Iron Road, contingent on regulatory approval, and the failure to exercise any of the remaining options by mid-2027 would terminate related agreements for an advanced fuels hub, underscoring uncertainty over the partner’s long-term role in the project and preserving Iron Road’s strategic flexibility over the site.
The most recent analyst rating on (AU:IRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Iron Road Ltd stock, see the AU:IRD Stock Forecast page.