Kingsrose Mining Ltd (KRM) AI Stock Analysis

• Market Cap: AU$31.65M
• Dividend Yield: N/A
• Average Volume (3M): 661.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.18
• Revenue Growth: N/A
• EPS Growth: -48.72%
• Country: AU
• Employees: 22
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 753,526,500
• 10 Day Avg. Volume: 534,846
• 30 Day Avg. Volume: 661,579
• PEG Ratio: -0.11
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.34
• 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: 51 Neutral
• Price Target: AU$0.05 ▲(25.00% Upside)

The score is held down primarily by weak financial performance: multi-year lack of revenue, ongoing losses, and negative operating/free cash flow (cash burn), despite low leverage. Technicals provide some support with the price trading above major moving averages and moderately positive momentum indicators. Valuation is constrained by a negative P/E and no dividend yield data.

Positive Factors

Conservative balance sheet / low leverage

Very low debt reduces solvency risk and preserves financial flexibility over months. For an exploration company that burns cash, conservative leverage lengthens runway, lowers immediate refinancing pressure and supports the ability to continue project evaluation without forcing distressed asset sales.

Focused exploration and development business model

A clear, narrow mandate on exploration and advancing selected assets concentrates capital and technical effort, enabling management to prioritize value-driving drilling and evaluation. This model can deliver scalable value from successful discoveries without operating-mine complexity.

Improving free cash flow trajectory in 2025

A reduction in negative free cash flow indicates progress in slowing cash burn or improving project efficiency. If sustained, this trend can extend the company’s funding runway, reduce frequency of capital raises and improve ability to fund next-stage exploration activities.

Negative Factors

Multi-year lack of revenue and widening losses

Sustained absence of revenue and increasing annual losses undermine the firm's ability to self-fund operations and validate its project pipeline. Over months this elevates reliance on external capital, raises execution risk for project advancement and pressures strategic options.

Persistent negative operating and free cash flow

Continued negative operating and free cash flow depletes reserves and forces repeated fundraising. That dependence constrains long-term planning, may dilute existing shareholders, and limits ability to scale exploration work or seize opportunistic acquisitions without clear financing.

Eroding equity base and negative returns on equity

Material declines in book equity and negative ROE signal persistent value destruction from operations. Over a multi-month horizon this weakens investor confidence, narrows financing alternatives and increases the cost of capital, hampering long-term project funding and growth.

Kingsrose Mining Ltd Business Overview & Revenue Model

Company Description

Kingsrose Mining Limited operates as an exploration company in Norway, Finland, and Indonesia. It explores for PGE-nickel-copper, gold, and silver properties. The company holds a 100% interest in the Penikat Project located in western Finland and the Porsanger project in Norway. It also holds 85% interest in the Way Linggo project located in South Sumatra, Indonesia. The company was incorporated in 2005 and is based in West Perth, Australia.

How the Company Makes Money

Kingsrose Mining Ltd generates revenue primarily through the extraction and sale of gold and other precious metals. The company's key revenue streams include the production of gold from its mining operations and the sale of extracted metals to refineries and other buyers in the global market. Partnerships with local and international mining companies and stakeholders may also contribute to its earnings, as they can enhance operational efficiencies and market access. Additionally, fluctuations in global commodity prices and effective cost management play significant roles in its profitability.

Kingsrose Mining Ltd Financial Statement Overview

Summary

Fundamentals are pressured by multiple years of zero reported revenue, widening annual losses in 2025 vs 2024, and sustained negative operating/free cash flow (2022–2025), indicating ongoing cash burn. This is partially offset by a conservatively levered balance sheet with very low debt, though equity has trended down and ROE remains negative.

Income Statement

Profitability has deteriorated materially from 2020 (strong revenue and positive earnings) to multiple subsequent annual periods with no reported revenue and persistent losses. Losses widened again in 2025 (annual) versus 2024, and returns on the business remain negative, indicating weak operating leverage and limited near-term earnings visibility.

Balance Sheet

The balance sheet is conservatively levered with very low debt relative to equity across periods, reducing solvency risk. However, equity has trended down meaningfully from 2021–2025 (annual), and negative returns on equity in recent years show capital is not currently generating profits, which is a key weakness despite low leverage.

Cash Flow

Cash generation has turned negative: operating cash flow and free cash flow are negative in 2022–2025 (annual), implying ongoing cash burn and funding dependence. While 2025 free cash flow is less negative than 2024, cash flows still do not support profitability or self-funding operations, and cash conversion remains weak in the loss-making periods.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	18.38M
Gross Profit	-157.64K	-157.64K	-158.84K	-94.12K	-95.14K	6.62M
EBITDA	-2.36M	-6.18M	-7.39M	-2.20M	-1.78M	-6.17M
Net Income	-2.44M	-4.39M	-2.95M	-1.34M	-10.71M	-6.61M
Balance Sheet
Total Assets	34.21M	34.21M	40.51M	41.38M	45.47M	52.91M
Cash, Cash Equivalents and Short-Term Investments	27.29M	27.29M	28.87M	33.84M	27.63M	30.57M
Total Debt	408.26K	408.26K	64.75K	132.47K	275.23K	6.29K
Total Liabilities	7.88M	7.88M	3.99M	1.44M	3.60M	2.76M
Stockholders Equity	26.09M	26.09M	36.99M	39.94M	40.15M	48.39M
Cash Flow
Free Cash Flow	-122.56K	-1.84M	-4.81M	-4.75M	-5.13M	9.85M
Operating Cash Flow	-45.95K	-1.70M	-761.58K	-3.90M	-4.29M	9.94M
Investing Cash Flow	-67.46K	-67.46K	-4.05M	9.09M	-1.13M	-67.64K
Financing Cash Flow	-80.73K	-80.73K	-67.72K	-50.60K	135.35K	-77.18K

Kingsrose Mining Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KRM, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.70 is Neutral, neither overbought nor oversold. The STOCH value of -16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:KRM.

Kingsrose Mining Ltd 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%
KZR	52 Neutral	AU$63.54M	-10.00	-20.41%	―	400.00%	21.71%
KRM	51 Neutral	AU$31.65M	-7.24	-13.91%	―	―	-48.72%
AQI	50 Neutral	AU$230.24M	-163.64	-26.54%	―	―	87.21%
WGR	50 Neutral	AU$64.39M	-16.06	-184.34%	―	―	40.17%
MAG	41 Neutral	AU$29.13M	-11.15	-25.89%	―	―	47.47%

Kingsrose Mining Ltd Corporate Events

Kingsrose Mining Trims Potential Dilution as 900,000 Performance Rights Expire

Kingsrose Mining Limited has notified the market that 900,000 share performance rights (ASX code KRMAAG) expired unexercised on 31 December 2025, resulting in a reduction in its pool of potential equity-linked securities. The cessation of these performance rights slightly simplifies the company’s capital structure and removes a portion of potential future dilution for existing shareholders, though it does not immediately affect the number of ordinary shares on issue.

The most recent analyst rating on (AU:KRM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Kingsrose Mining Ltd stock, see the AU:KRM Stock Forecast page.

Kingsrose Hit by Finnish Court Setback but Remains Bullish on Tier-One Penikat PGE Potential

Kingsrose Mining has suffered a setback at its flagship Penikat PGE project in Finland after the Northern Finland Administrative Court overturned the state mining regulator Tukes’ decision to grant an exploration permit for Area 1, citing procedural and administrative errors by the regulator. While the court confirmed that Kingsrose’s Natura assessment and supporting studies adequately addressed environmental impacts and that the company had designed a low-impact drilling program with defined ‘no go areas’ and mitigation measures, it found that Tukes failed to publish the permit application in local newspapers, did not clearly translate key environmental protections into the permit conditions, and had insufficiently detailed the calculation of the required financial guarantee, forcing the permit back to Tukes for reconsideration and halting planned winter drilling. Kingsrose plans to work closely with Tukes and Finnish advisers to remedy the administrative issues by submitting a Derogation Permit application and a revised exploration permit, and is exploring whether recent amendments to Finland’s Mining Act will allow enforcement orders that could accelerate permitting timelines, with an update promised by April 2026. Despite the delay, acting CEO Terry Holohan reiterated confidence that Penikat could become a tier-one, high-grade PGE deposit and said lessons from this process will be applied across the company’s wider permit applications in the region, a key consideration for investors focused on regulatory risk and project timelines.

Kingsrose Mining Limited Successfully Concludes Annual General Meeting

Kingsrose Mining Limited held its Annual General Meeting virtually, where all resolutions were passed by a poll. Key resolutions included the approval of the remuneration report and the re-election of directors Dr. Michael Andrews and Mr. Andrew Cooke. The successful outcomes of these resolutions support the company’s governance and strategic direction, potentially strengthening its position in the mineral exploration industry.

Kingsrose Mining Advances Key Exploration Projects in 2025

Kingsrose Mining Limited has made significant progress in its exploration projects in Finland and Norway during the 2025 financial year. The company achieved a major milestone by obtaining an Exploration Permit for the Penikat PGE Project in Finland, although this has been appealed by NGOs. In Norway, Kingsrose completed commitments at the Råna Project, reinforcing its potential as a nickel-copper-cobalt district. The company’s alliance with BHP has been pivotal, providing funding and expertise for exploration programs, particularly in the Finnmark region, which shows promising results. Financially, Kingsrose remains strong with A$24.3 million in cash, enabling continued project advancement and exploration opportunities.

Kingsrose Mining Ltd Announces Cessation of Share Performance Rights

Kingsrose Mining Ltd has announced the cessation of 1,000,000 share performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This development may affect the company’s capital structure and could have implications for its stakeholders, reflecting on its operational and strategic adjustments.

Kingsrose Mining Advances Exploration Projects Amid Leadership Change

Kingsrose Mining Ltd reported significant progress in its exploration activities for the September 2025 quarter, particularly at the Finnmark and Penikat projects. The company detected 14 clusters of magnetic anomalies at Finnmark, aligning with previous geochemical findings, and is conducting further fieldwork. The Penikat Project’s Area 1 appeal is pending with the Administrative Court, while the Natura 2000 report for Areas 2-5 is under review. The company is also strengthening relationships with stakeholders in Finnmark and has appointed Terry Holohan as Acting CEO to focus on M&A and exploration projects. Despite a reduction in exploration at the Råna Project due to market conditions, Kingsrose remains optimistic about its potential for nickel-copper-cobalt discovery.