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Kaiser Reef Ltd
(Sydney:KAU)
Kaiser Reef Ltd (KAU) vs. iShares MSCI Australia ETF (EWA)
Kaiser Reef Ltd Business Overview & Revenue Model
Kaiser Reef Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.42M | 34.83M | 23.74M | 30.71M | 22.80M | 5.09M |
| Gross Profit | 71.65K | 143.29K | -3.27M | 3.01M | 5.87M | -3.17M |
| EBITDA | -153.64K | -307.27K | -1.74M | 4.93M | 4.54M | -10.47M |
| Net Income | -10.12M | -20.24M | -5.53M | 1.17M | -2.26M | -11.81M |
Balance Sheet | ||||||
| Total Assets | 120.26M | 120.26M | 30.24M | 32.30M | 29.57M | 26.57M |
| Cash, Cash Equivalents and Short-Term Investments | 24.76M | 24.76M | 1.11M | 3.23M | 6.58M | 4.79M |
| Total Debt | 9.89M | 9.89M | 599.82K | 543.37K | 267.84K | 281.33K |
| Total Liabilities | 51.66M | 51.66M | 6.14M | 7.08M | 6.76M | 6.39M |
| Stockholders Equity | 68.60M | 68.60M | 24.10M | 25.22M | 22.81M | 20.17M |
Cash Flow | ||||||
| Free Cash Flow | -3.78M | -7.56M | -4.86M | -4.12M | -3.02M | -5.30M |
| Operating Cash Flow | 2.56M | 5.13M | 467.76K | 5.26M | 5.65M | -2.48M |
| Investing Cash Flow | -33.53M | -33.53M | -5.33M | -9.39M | -8.59M | -9.69M |
| Financing Cash Flow | 48.05M | 48.05M | 2.75M | 764.86K | 4.74M | 16.95M |
Kaiser Reef Ltd Technical Analysis
Kaiser Reef Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$144.46M | 11.00 | 13.04% | 4.01% | 24.48% | 97.18% | |
68 Neutral | AU$1.04B | 24.12 | 22.29% | ― | 117.95% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$172.14M | -46.08 | -1.53% | ― | ― | 71.98% | |
49 Neutral | AU$105.03M | -43.55 | -2.72% | ― | 22.40% | -93.75% | |
48 Neutral | AU$371.56M | -25.44 | -20.84% | ― | 11.43% | -238.93% | |
46 Neutral | AU$181.14M | -6.25 | -43.66% | ― | 46.74% | -47.98% |
Kaiser Reef Ltd Corporate Events
Kaiser Reef Limited has applied to the ASX for quotation of 2.5 million fully paid ordinary shares, with the security code KAU. The new shares, issued on 9 January 2026 following the exercise or conversion of existing options or other convertible securities, will expand the company’s quoted capital base and may modestly improve liquidity for shareholders once admitted to trading.
The most recent analyst rating on (AU:KAU) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Kaiser Reef Ltd stock, see the AU:KAU Stock Forecast page.
Kaiser Reef Limited has disclosed a change in director Steven Formica’s indirect holdings, reflecting the conversion of performance-based securities into ordinary equity. Formica, through a controlled entity, has converted 625,000 Tranche 1 Performance Rights into 625,000 fully paid ordinary shares at nil consideration, increasing his indirect shareholding while reducing his performance rights. The transaction, triggered by vesting of the rights, consolidates the director’s equity position and aligns his interests more closely with shareholders via a higher proportion of ordinary shares relative to performance-linked instruments.
The most recent analyst rating on (AU:KAU) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Kaiser Reef Ltd stock, see the AU:KAU Stock Forecast page.
Kaiser Reef Limited has completed a drilling program at the Union Hill waste dump within the Maldon Gold Project, drilling 163 holes over 2,212 meters. The company is assessing the potential to convert the waste dump into a low-grade stockpile, which could support the profitable operation of its processing plant and exploration efforts. Initial results are promising, with systematic sampling indicating an average grade of 0.6g/t Au. The company is also investigating waste dump material at the nearby Nuggetty deposit, with ongoing processing potential.
The most recent analyst rating on (AU:KAU) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Kaiser Reef Ltd stock, see the AU:KAU Stock Forecast page.
Kaiser Reef Limited has announced a new drilling program targeting the Union Hill waste dumps at the Maldon Gold Project. This initiative is part of a broader strategy to explore and potentially convert waste dump material into a low-grade stockpile, supporting the profitability of their processing plant. The company is also investigating the Nuggetty deposit, with ongoing work to assess the potential for processing additional waste dump material. These efforts are expected to enhance the company’s operational capabilities and contribute to a potential restart of mining activities.
The most recent analyst rating on (AU:KAU) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Kaiser Reef Ltd stock, see the AU:KAU Stock Forecast page.
Kaiser Reef Ltd has issued a company update emphasizing the inherent risks and uncertainties associated with mineral exploration and production. The announcement underscores that while the company is actively engaged in identifying viable ore deposits, there is no guarantee of economic exploitation, reflecting the high-risk nature of their operations.
The most recent analyst rating on (AU:KAU) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Kaiser Reef Ltd stock, see the AU:KAU Stock Forecast page.
Kaiser Reef Limited reported strong progress in the quarter ending September 30, 2025, with significant achievements at the Henty Gold Mine, including the production of 8,115 ounces of gold and a mine life extension to over six years. The company also completed a diamond drilling program at the Maldon Gold Project, highlighting its potential as a growth asset. The A1 Gold Mine was transitioned to care and maintenance, allowing Kaiser to focus resources on more profitable ventures. Financially, the company closed the quarter with a cash balance of $29.4 million, reflecting a $4.7 million increase, and continued to invest in infrastructure to enhance productivity and resilience at Henty.
The most recent analyst rating on (AU:KAU) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Kaiser Reef Ltd stock, see the AU:KAU Stock Forecast page.
Kaiser Reef Limited has announced positive results from its diamond drilling program at the Union Hill Open Pit within the Maldon Gold Project. The drilling confirmed gold mineralization in 18 out of 19 effective holes, with significant intercepts indicating high-grade gold presence. The results support further exploration and development efforts, positioning the Maldon Gold Project as a key growth asset for Kaiser Reef. The company plans to re-establish underground exploration platforms and continue drilling to explore unmined extensions, which could enhance its operational capacity and market positioning.
The most recent analyst rating on (AU:KAU) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Kaiser Reef Ltd stock, see the AU:KAU Stock Forecast page.
Kaiser Reef Ltd’s recent presentation at the IMARC Conference in Sydney emphasizes the company’s ongoing efforts in mineral exploration, development, and production. The document outlines the inherent risks associated with these activities and underscores the company’s caution against relying on forward-looking statements due to uncertainties in the market. The presentation also highlights legal restrictions on the distribution of their securities information, particularly in the United States.
Kaiser Reef Limited has announced a 29% increase in Ore Reserves at its Henty Gold Mine, bringing the total to 199,000 ounces of gold. This update, along with a steady Mineral Resource Estimate of 438,000 ounces, signifies a prolonged mine life of over six years, with a target of producing over 30,000 ounces annually. The company is enhancing its operations by introducing a second diamond drill for exploration and resource extension, increasing processing rates, and improving equipment to boost performance. These strategic moves are part of Kaiser’s transformation into a profitable gold producer, providing a solid foundation for future growth.
Kaiser Reef Limited has announced its upcoming Annual General Meeting of shareholders, scheduled for November 17, 2025, in Perth, WA. The company will not be sending hard copies of the meeting notice unless requested, encouraging shareholders to access documents online and submit proxy forms electronically. This move is part of Kaiser Reef’s efforts to streamline communications and enhance shareholder engagement.
Kaiser Reef Ltd has announced its Annual General Meeting scheduled for November 17, 2025, in Perth, where shareholders will consider the company’s annual report and vote on the adoption of the remuneration report. This meeting is significant as it provides shareholders the opportunity to review the company’s financial performance and governance, impacting future strategic decisions and stakeholder engagement.
Kaiser Reef Limited has completed a 22-hole diamond drilling program at the Maldon Gold Project, targeting the Eaglehawk Reef. The project is located in Victoria’s Golden Triangle, a historically rich gold mining area. The drilling aims to explore unmined extensions of the Eaglehawk Reef, which has historically been a significant gold producer. With the completion of this drilling, Kaiser is poised to further explore and potentially expand its mining operations at Maldon, leveraging its existing infrastructure and recent transformation into a profitable gold miner.