Kuniko Ltd. (AU:KNI)
ASX:KNI
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Kuniko Ltd.
(Sydney:KNI)
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Rating:47Neutral
Price Target:
AU$0.07
▼(-7.14% Downside)
Action:ReiteratedDate:01/30/26
The score is primarily constrained by weak financial performance: minimal and volatile revenue, persistent losses, and significant ongoing cash burn that increases reliance on external funding. Technicals are mixed with a weak longer-term trend but neutral momentum indicators. Valuation is also limited by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Strategic focus on battery & critical minerals
Kuniko’s explicit focus on metals used in electrification and energy storage aligns the business with long-term structural demand for battery and critical minerals. That thematic fit increases project appeal to strategic partners and offtakers, improving prospects for JV earn-ins, asset sales or offtake arrangements over a multi‑year horizon and supporting durable project monetization optionality.
Negative Factors
Persistent negative cash generation
Consistent operating cash outflows and deeply negative free cash flow indicate the business cannot self-fund exploration or development. Ongoing cash burn forces recurrent external financing or asset disposals, raising execution risk and the chance that project timelines are delayed if capital markets or JV partners are unavailable over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic focus on battery & critical minerals
Kuniko’s explicit focus on metals used in electrification and energy storage aligns the business with long-term structural demand for battery and critical minerals. That thematic fit increases project appeal to strategic partners and offtakers, improving prospects for JV earn-ins, asset sales or offtake arrangements over a multi‑year horizon and supporting durable project monetization optionality.
Read all positive factors
Kuniko Ltd. (KNI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.27M
Dividend YieldN/A
Average Volume (3M)664.45K
Price to Earnings (P/E)―
Beta (1Y)0.53
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding161,661,870
10 Day Avg. Volume1,166,537
30 Day Avg. Volume664,446
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.79
Price to Sales (P/S)0.00
P/FCF Ratio-5.65
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
Kuniko Ltd. Business Overview & Revenue Model
Company Description
Kuniko Limited engages in the exploration and development of mineral properties for electromobility in Scandinavia. The company explores for copper, nickel, and cobalt deposits. It holds interest in the Ertelien Nickel-Copper-Cobalt Project; Ringe...
How the Company Makes Money
Kuniko Ltd. primarily aims to generate value by exploring for and developing mineral deposits and then monetizing those assets. Potential sources of monetization include: (1) raising capital via equity placements to fund exploration and developmen...
Kuniko Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 114.69K | 0.00 | 114.69K | 193.60K | 28.00K | 227.00 |
| Gross Profit | -20.37K | -15.47K | -19.48K | 193.60K | 13.36K | 227.00 |
| EBITDA | -4.87M | -2.69M | -4.67M | -4.47M | -2.71M | -1.63M |
| Net Income | -5.36M | -3.22M | -4.69M | -5.14M | -2.73M | -2.04M |
Balance Sheet | ||||||
| Total Assets | 12.59M | 13.97M | 12.65M | 16.85M | 12.52M | 7.74M |
| Cash, Cash Equivalents and Short-Term Investments | 405.05K | 1.44M | 928.76K | 6.74M | 6.70M | 5.77M |
| Total Debt | 1.28M | 1.15M | 271.15K | 13.73K | 57.44K | 888.42K |
| Total Liabilities | 2.10M | 1.95M | 1.01M | 624.10K | 449.77K | 1.05M |
| Stockholders Equity | 10.49M | 12.02M | 11.64M | 16.23M | 12.07M | 6.69M |
Cash Flow | ||||||
| Free Cash Flow | -4.22M | -1.99M | -5.78M | -7.62M | -6.56M | -2.28M |
| Operating Cash Flow | -2.19M | -1.99M | -2.08M | -3.00M | -1.81M | -826.80K |
| Investing Cash Flow | -2.02M | -516.09K | -3.70M | -4.62M | -4.76M | -1.45M |
| Financing Cash Flow | 958.21K | 3.02M | 0.00 | 7.78M | 7.53M | 8.03M |
Kuniko Ltd. 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% | |
47 Neutral | AU$7.27M | -1.14 | -48.47% | ― | ― | ― | |
45 Neutral | AU$6.80M | -32.58 | -27.10% | ― | ― | 76.12% | |
44 Neutral | AU$30.79M | -1.07 | -47.54% | ― | ― | ― | |
42 Neutral | AU$43.82M | -7.10 | -99.27% | ― | ― | -36.36% | |
41 Neutral | AU$4.48M | -0.09 | -139.83% | ― | ― | 57.55% |
* Basic Materials Sector Average
AU:KNI
Kuniko Ltd.
0.05
-0.09
-65.65%
AU:MRD
Mount Ridley Mines Limited
0.03
0.02
175.00%
AU:AKN
AuKing Mining Ltd
0.02
<0.01
80.00%
AU:EMT
eMetals Limited
0.01
<0.01
10.00%
AU:IMI
Infinity Mining Limited
0.01
0.00
0.00%
Kuniko Ltd. Corporate Events
Kuniko shifts to digital-first communications for April shareholder meeting
Mar 16, 2026
Kuniko Ltd. has called a general meeting of shareholders for 9:00 a.m. WST on 15 April 2026 at its Subiaco, Western Australia venue, setting 5:00 p.m. WST on 13 April 2026 as the shareholder registration cut-off for voting eligibility. The company...
Kuniko to Release 1.69 Million Escrowed Shares in March–April 2026
Mar 12, 2026
Kuniko Limited has announced that a total of 1,687,500 escrowed shares will be progressively released to the market in March and April 2026. The release comprises 250,000 KNIESC1 shares on 11 March 2026 and 1,437,500 KNIESC2 shares on 2 April 2026...
Kuniko Intersects Massive Sulphides, Fast-Tracks Phase 2 Drilling at Commonwealth–Silica Hill
Mar 4, 2026
Kuniko has reported encouraging early drilling results from its Phase 1 diamond program at the Commonwealth–Silica Hill Project in the Lachlan Fold Belt, where three of six planned holes have been completed for 540 metres. The company has in...
Kuniko Issues Tranche 1 Shares Under Placement With Cleansing Notice
Mar 1, 2026
Kuniko Limited has issued 32,332,371 fully paid ordinary shares as part of Tranche 1 of a previously announced placement, expanding its share capital to support ongoing project and corporate activities. The company has confirmed that the shares we...
Kuniko Plans Significant Equity Placement and Option Issue
Feb 19, 2026
Kuniko Ltd. has outlined a proposed securities issue comprising 38,422,346 new fully paid ordinary shares and two tranches of options exercisable at A$0.07, expiring three years from issue, totaling 51,179,245 options. The placement, scheduled for...
Kuniko plans major placement of new ordinary shares on ASX
Feb 19, 2026
Kuniko Ltd. has notified the ASX of a proposed issue of up to 32,332,371 new fully paid ordinary shares. The securities will be issued via a placement or similar mechanism, with the proposed issue date set for 2 March 2026, reflecting a significan...
Kuniko raises A$3.75m to accelerate drilling at NSW gold–silver project
Feb 19, 2026
Kuniko Ltd. has secured firm commitments for a A$3.75 million equity placement at A$0.053 per share, backed by existing shareholders and domestic and international institutional investors. The capital raise is intended to accelerate resource valid...
Kuniko Fast-Tracks Drill Program at High-Grade Commonwealth Gold–Silver Project
Jan 30, 2026
Kuniko Limited reported strong progress at its Commonwealth Gold–Silver Project in New South Wales’ Lachlan Fold Belt during the December 2025 quarter, moving the historically drilled, high‑grade gold–silver–base meta...
Kuniko Bolsters Leadership as Drilling Nears and Norwegian Battery Metals Gain Leverage from Nickel Rally
Jan 19, 2026
Kuniko has strengthened its management team with the appointment of investment banker Richard Bootle as General Manager and Norwegian mining executive Mona Schanche as Director of Kuniko Norge, as it enters a key growth and execution phase. The co...
Kuniko Set to Start Diamond Drilling at Commonwealth Gold–Silver JV
Jan 14, 2026
Impact Minerals has reported that joint venture partner Kuniko Limited has completed an airborne Mobile MT survey as well as soil and rock chip geochemistry at the Commonwealth Gold–Silver Project in New South Wales, paving the way for a Pha...
Kuniko Director Increases Stake Through Fee-for-Shares Arrangement
Dec 30, 2025
Kuniko Limited has disclosed a change in the securities held by director Maja McGuire, reflecting compensation arrangements approved by shareholders. The director has received 244,420 new fully paid ordinary shares at $0.07 per share and 81,474 fr...
Kuniko Issues Director Shares Under Cleansing Notice
Dec 30, 2025
Kuniko Limited has issued 244,420 fully paid ordinary shares to a company director, following shareholder approval at its 3 December 2025 general meeting, and has confirmed that the placement was conducted without a prospectus under relevant provi...
Kuniko Seeks ASX Quotation for New Director-Issued Shares
Dec 30, 2025
Kuniko Limited has applied to the ASX for the quotation of 244,420 new fully paid ordinary shares under its code KNI, following the issue of these securities to a company director. The share issue, which was contingent on shareholder approval obta...
Kuniko Issues New Tranche of Unquoted Options
Dec 30, 2025
Kuniko Ltd has notified the ASX of a new issue of unquoted equity securities, specifically 81,474 options (ASX code KNIAM) exercisable at $0.14 and expiring on 5 December 2027. The issuance of these options modestly increases Kuniko’s pool o...
Kuniko to Launch January 2026 Diamond Drilling at Commonwealth Gold–Silver Project
Dec 22, 2025
Kuniko Limited has finalised plans for a Phase 1 diamond drilling campaign at its Commonwealth Gold–Silver Project in New South Wales, marking the company’s first drilling at the site and the resumption of work on a historically well-e...
Kuniko Names Interim Managing Director to Drive Growth in Australian and Norwegian Projects
Dec 19, 2025
Kuniko Limited has appointed existing non-executive director Maja McGuire as interim managing director following the resignation of CEO Antony Beckmand, who will remain with the company until March 2026 to facilitate a smooth leadership transition...
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.
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