Kuniko Ltd. (AU:KNI)
ASX:KNI
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Kuniko Ltd.
(Sydney:KNI)
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Rating:44Neutral
Price Target:
AU$0.04
▼(-37.14% Downside)
Action:ReiteratedDate:04/09/26
The score is held down primarily by weak financial performance—recurring losses, unstable/declining revenue, negative margins, and sustained cash burn—despite a relatively supportive equity base. Technicals also remain bearish with the price below all key moving averages and negative MACD. Valuation is not meaningfully supportive because the negative P/E reflects ongoing losses and no dividend yield is indicated.
Positive Factors
Balance-sheet resilience
A sizable positive equity base and historically modest leverage provide durable financial flexibility for an exploration junior. This backing supports ongoing project funding, helps absorb exploration write-offs, and improves ability to negotiate JV or farm-down deals without immediate distress financing.
Negative Factors
Persistent losses & negative margins
Repeated net losses and negative gross profit indicate the company has not reached an operational break-even model. Structurally weak profitability undermines retained earnings, reduces reinvestment capacity, and raises the risk that projects will require repeated external financing or sale before value is fully realized.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet resilience
A sizable positive equity base and historically modest leverage provide durable financial flexibility for an exploration junior. This backing supports ongoing project funding, helps absorb exploration write-offs, and improves ability to negotiate JV or farm-down deals without immediate distress financing.
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)0.59
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 Ratio0.05
Price to Book (P/B)0.56
Price to Sales (P/S)0.00
P/FCF Ratio-3.36
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
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 114.69K | 193.60K | 28.00K | 227.00 |
| Gross Profit | -15.47K | -19.48K | 193.60K | 13.36K | 227.00 |
| EBITDA | -2.69M | -4.67M | -4.47M | -2.71M | -1.63M |
| Net Income | -3.22M | -4.69M | -5.14M | -2.73M | -2.04M |
Balance Sheet | |||||
| Total Assets | 13.97M | 12.65M | 16.85M | 12.52M | 7.74M |
| Cash, Cash Equivalents and Short-Term Investments | 1.44M | 928.76K | 6.74M | 6.70M | 5.77M |
| Total Debt | 1.15M | 271.15K | 13.73K | 57.44K | 888.42K |
| Total Liabilities | 1.95M | 1.01M | 624.10K | 449.77K | 1.05M |
| Stockholders Equity | 12.02M | 11.64M | 16.23M | 12.07M | 6.69M |
Cash Flow | |||||
| Free Cash Flow | -1.99M | -5.78M | -7.62M | -6.56M | -2.28M |
| Operating Cash Flow | -1.99M | -2.08M | -3.00M | -1.81M | -826.80K |
| Investing Cash Flow | -516.09K | -3.70M | -4.62M | -4.76M | -1.45M |
| Financing Cash Flow | 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% | |
45 Neutral | AU$7.65M | -32.58 | -27.10% | ― | ― | 76.12% | |
44 Neutral | AU$7.27M | -1.43 | -28.62% | ― | ― | ― | |
44 Neutral | AU$30.79M | -1.07 | -47.54% | ― | ― | ― | |
42 Neutral | AU$42.49M | -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
166.67%
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
-0.01
-50.00%
Kuniko Ltd. Corporate Events
Kuniko Sets 28 May 2026 for AGM and Director Nomination Deadline
Apr 2, 2026
Kuniko Limited has scheduled its Annual General Meeting of shareholders to be held in Subiaco, Western Australia, on 28 May 2026 at 9 a.m. WST. The company has notified that, in line with its constitution and ASX listing requirements, valid nomina...
Kuniko Outlines Governance Structure in 2025 Annual Report
Mar 31, 2026
Kuniko Limited has released its annual report for the year ended 31 December 2025, detailing its current board composition, recent director resignations and key corporate appointments. The report also outlines the company’s registered office...
Kuniko Outlines Strong Alignment With ASX Corporate Governance Standards
Mar 31, 2026
Kuniko has confirmed that, as at 31 March 2026, it largely complies with the ASX Corporate Governance Council’s fourth edition Principles and Recommendations, supported by a detailed Corporate Governance Plan available on its website. The co...
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...
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.