Kingsrose Mining Ltd (KRM) AI Stock Analysis

• Market Cap: AU$33.16M
• Dividend Yield: N/A
• Average Volume (3M): 661.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.08
• 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: 47 Neutral
• Price Target: AU$0.04 ▲(0.00% Upside)

The score is held down primarily by weak financial performance (multi-year losses, no reported revenue, and continued cash burn), only partly offset by a low-debt balance sheet. Technical signals are mildly negative (below key moving averages and negative MACD), while valuation is difficult to support with a negative P/E and no dividend yield provided.

Positive Factors

Low Debt Levels

Low debt levels reduce solvency risk and provide financial flexibility, allowing Kingsrose to focus on exploration and development without the burden of high interest obligations.

Strategic Partnerships

The partnership with BHP enhances Kingsrose's exploration capabilities and provides access to additional resources and expertise, strengthening its position in the mineral exploration industry.

Cash Position

A strong cash position supports ongoing exploration activities and provides a buffer against operational uncertainties, allowing the company to sustain its strategic initiatives.

Negative Factors

Regulatory Challenges

Regulatory setbacks can delay project timelines and increase costs, impacting Kingsrose's ability to advance its exploration projects efficiently.

Persistent Losses

Ongoing losses and negative cash flow highlight operational challenges and the need for external funding, affecting long-term financial sustainability.

Declining Equity

Declining equity indicates potential erosion of shareholder value and limits the company's ability to leverage equity for future growth opportunities.

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

Kingsrose Mining Ltd is facing significant financial challenges across its income statement, balance sheet, and cash flow. The lack of revenue and consistent losses highlight operational issues, while the balance sheet remains relatively stable due to a strong cash position and low debt. However, declining assets and ongoing cash flow deficits raise concerns about sustainability and future financial health. Immediate strategic interventions may be necessary to reverse these negative trends.

Income Statement

Kingsrose Mining Ltd has faced significant challenges in its income statement over recent years. The absence of revenue since 2021 and consistently negative net income indicate severe operational difficulties. The net profit margin and revenue growth rate are both negative, reflecting the company's inability to generate profits or grow its top line. Historically, the company had a positive EBIT and EBITDA in 2020, but these metrics have since deteriorated, highlighting ongoing financial struggles.

Balance Sheet

The balance sheet shows a relatively stable position with substantial cash reserves and minimal debt, resulting in a low debt-to-equity ratio. Stockholders' equity remains positive, and the equity ratio depicts a significant percentage of total assets financed by equity. However, the declining total assets and stockholders' equity over the last few years are concerning, indicating potential erosion of asset base and shareholder value.

Cash Flow

Cash flow analysis reveals negative operating cash flow and free cash flow, indicating liquidity challenges. The free cash flow growth rate has been negative, demonstrating deteriorating cash generation. Despite a relatively stable cash position, the inability to generate positive operating cash flows is a critical concern. The operating cash flow to net income ratio is also negative, further emphasizing cash flow struggles.

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: Positive
• RSI: Neutral
• STOCH: Neutral

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 Positive momentum. The RSI at 46.44 is Neutral, neither overbought nor oversold. The STOCH value of 52.21 is Neutral, 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%
WGR	53 Neutral	AU$58.33M	-14.60	-184.34%	―	―	40.17%
KRM	47 Neutral	AU$33.16M	-7.59	-13.91%	―	―	-48.72%
AQI	46 Neutral	AU$185.65M	-145.45	-26.54%	―	―	87.21%
KZR	45 Neutral	AU$51.99M	-8.18	-20.41%	―	400.00%	21.71%
MAG	41 Neutral	AU$27.12M	-10.38	-25.89%	―	―	47.47%

Kingsrose Mining Ltd Corporate Events

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.

Kingsrose Mining Ltd to Hold Virtual AGM in November 2025

Kingsrose Mining Ltd has announced that its Annual General Meeting (AGM) for shareholders will be held virtually on November 21, 2025. The decision to hold the AGM online is to enable broader participation from shareholders, who can attend, vote, and ask questions through the company’s designated online platform. The company will not send physical copies of the meeting notice unless requested, and shareholders are encouraged to access the notice via the ASX Announcement Platform. The company will provide updates on any changes to the meeting arrangements through announcements on ASX and its website.