Kingston Resources Ltd. (KSN) AI Stock Analysis

• Market Cap: €105.01M
• Dividend Yield: N/A
• Average Volume (3M): 3.02M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.20
• Revenue Growth: 22.40%
• EPS Growth: -93.75%
• Country: AU
• Employees: 120
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.00
• Shares Outstanding: 840,040,400
• 10 Day Avg. Volume: 3,021,729
• 30 Day Avg. Volume: 3,024,537
• PEG Ratio: -0.32
• Price to Book (P/B): 1.06
• Price to Sales (P/S): 2.15
• P/FCF Ratio: -9.92
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: AU$0.11 ▼(-5.00% Downside)

The overall stock score is primarily influenced by financial performance, which shows strong revenue growth but weak profitability and cash flow. Technical analysis indicates a bearish trend with weak momentum. Valuation is unattractive due to negative earnings and lack of dividends.

Positive Factors

Revenue Growth

Strong revenue growth indicates successful market penetration and demand for Kingston's products, supporting long-term business expansion.

Balance Sheet Health

A low debt-to-equity ratio suggests conservative financial management, providing flexibility to invest in growth opportunities.

Gross Profit Margin

A strong gross profit margin reflects efficient production and pricing strategies, which can support future profitability improvements.

Negative Factors

Profitability Challenges

Negative profitability indicates operational inefficiencies, which could hinder long-term financial sustainability if not addressed.

Free Cash Flow Issues

Declining free cash flow limits the company's ability to reinvest in growth and meet financial obligations, posing a risk to future operations.

Return on Equity

Negative ROE suggests inefficient use of equity capital, which could deter investors and affect the company's ability to raise funds.

Kingston Resources Ltd. Business Overview & Revenue Model

Company Description

Kingston Resources Limited engages in the exploration and evaluation of mineral properties in Australia. The company's projects include the Misima Gold project located in the Solomon Sea and Mineral Hill Mine project located in New South Wales. Kingston Resources Limited was incorporated in 1985 and is based in North Sydney, Australia.

How the Company Makes Money

Kingston Resources generates revenue primarily through the exploration and development of its mining projects, particularly in gold production. The company raises funds through equity financing, joint ventures, and partnerships with other mining firms, which allows it to finance exploration activities and advance its projects towards production. Additionally, any gold produced may be sold on the open market, contributing directly to revenue. Significant partnerships with other mining companies can also enhance its capabilities and market reach, providing further opportunities for income generation.

Kingston Resources Ltd. Financial Statement Overview

Summary

Kingston Resources Ltd. shows strong revenue growth but struggles with profitability and cash flow generation. The balance sheet is stable with low leverage, but the company needs to improve cost efficiency and cash flow management.

Income Statement

Kingston Resources Ltd. has shown impressive revenue growth of 59.62% in the latest year, indicating strong top-line expansion. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -5.15%. The gross profit margin is healthy at 53.08%, but the EBIT margin is low at 0.43%, suggesting high operating expenses. Overall, while revenue growth is a positive sign, the company needs to improve its cost management to enhance profitability.

Balance Sheet

The balance sheet of Kingston Resources Ltd. is relatively stable with a low debt-to-equity ratio of 0.16, indicating conservative leverage. The equity ratio stands at 72.19%, reflecting a strong equity base. However, the company has not been able to generate positive returns on equity, as indicated by negative ROE in recent years. The financial position is stable, but the company needs to focus on improving its return on equity.

Cash Flow

The cash flow statement reveals challenges in generating free cash flow, with a significant decline of -50.53% in the latest year. The operating cash flow to net income ratio is 0.82, indicating decent cash generation relative to net income. However, the negative free cash flow to net income ratio of -0.81 highlights issues in converting earnings into free cash flow. The company needs to enhance its cash flow management to support future growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	48.08M	48.08M	39.28M	44.75M	11.90M	0.00
Gross Profit	25.52M	25.52M	17.58M	23.77M	1.09M	-39.83K
EBITDA	10.33M	10.33M	7.33M	14.26M	-1.93M	-1.92M
Net Income	-2.47M	-2.47M	-720.00K	9.81M	-2.09M	-1.96M
Balance Sheet
Total Assets	135.15M	135.15M	121.62M	111.42M	88.59M	42.34M
Cash, Cash Equivalents and Short-Term Investments	6.30M	6.30M	8.65M	18.48M	6.15M	11.24M
Total Debt	15.49M	15.49M	9.72M	9.63M	831.50K	51.19K
Total Liabilities	37.58M	37.58M	30.84M	34.97M	27.46M	1.61M
Stockholders Equity	97.57M	97.57M	90.78M	76.45M	61.13M	40.73M
Cash Flow
Free Cash Flow	-10.41M	-10.41M	-17.53M	3.87M	-16.72M	-9.90M
Operating Cash Flow	12.90M	12.90M	5.88M	15.49M	2.98M	-1.39M
Investing Cash Flow	-23.28M	-23.28M	-29.24M	-16.78M	-21.96M	-8.56M
Financing Cash Flow	8.28M	8.28M	13.51M	13.91M	13.55M	14.46M

Kingston Resources Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KSN, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.14, and above the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.75 is Neutral, neither overbought nor oversold. The STOCH value of 30.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:KSN.

Kingston Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RND	73 Outperform	€127.97M	9.74	13.04%	4.10%	24.48%	97.18%
FML	68 Neutral	AU$894.06M	20.73	22.29%	―	117.95%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KSN	49 Neutral	€105.01M	-40.32	-2.72%	―	22.40%	-93.75%
VTM	48 Neutral	AU$153.43M	―	-27.81%	―	―	-35.98%
KAU	46 Neutral	AU$151.44M	-4.98	-43.66%	―	46.74%	-47.98%

Kingston Resources Ltd. Corporate Events

Kingston Resources Announces Shareholder Webinar on Mineral Hill Progress

Kingston Resources Limited has announced an upcoming webinar to be conducted by Managing Director Andrew Corbett, which will cover the progress at their Mineral Hill project and discuss recent quarterly results. This webinar, scheduled for release on November 11, 2025, aims to engage shareholders and interested parties by allowing them to submit questions in advance, reflecting the company’s commitment to transparency and stakeholder engagement.

Kingston Resources to Host Webinar on Mineral Hill Progress and Quarterly Results

Kingston Resources Limited is hosting a webinar to discuss progress at Mineral Hill and recent quarterly results, inviting shareholders to submit questions in advance. The company’s focus is on extending the life of its Mineral Hill mine through organic growth and exploring regional deposits for processing at its existing plant, with a mine plan extending to 2031 and significant exploration potential.

Kingston Resources Reports Positive Cash Flow Amid Strategic Financial Moves

Kingston Resources Limited’s quarterly cash flow report reveals a net cash increase driven by substantial proceeds from the disposal of entities, despite operating and financing activities resulting in cash outflows. The company’s strategic financial maneuvers, including the repayment of borrowings and proceeds from concentrate sales, indicate an active approach to managing its financial health, which could impact its operational capabilities and investor confidence.

Kingston Resources Reports Strong Financials and Production Growth

Kingston Resources Ltd. reported a strong financial position with $31 million in cash and no debt, alongside a 10% increase in revenue to $15.8 million for the quarter ending September 2025. The company achieved a 3% increase in gold production and a 64% rise in silver sales, with significant improvements in processing throughput and cost reductions. The commissioning of a concentrate flotation plant and advancements in underground mining preparations are set to enhance production capabilities. The strategic focus on transitioning to flotation processing and accessing higher-grade ore is expected to boost gold and silver output in the second half of FY26, positioning Kingston for growth and exploration opportunities.

Kingston Resources Announces 2025 AGM Details

Kingston Resources Ltd. has announced the details of its 2025 Annual General Meeting, including the Notice of Meeting, Proxy Form, and Letter of Access. This announcement is part of the company’s ongoing efforts to engage with shareholders and provide transparency in its operations, which could influence stakeholder decisions and company governance.

Kingston Resources Advances Underground Mining Operations at Mineral Hill

Kingston Resources Limited has announced significant progress in its underground mining operations at Mineral Hill, with operational readiness nearing completion and site approvals being updated. The company plans to commence underground development in Q2 FY26 and is focused on updating the Southern Ore Zone Mineral Resource. The recruitment of an experienced local workforce is underway, and the initial underground fleet is set for delivery in October. This development is part of Kingston’s strategy to expand its mine life and support potential mill expansion, aiming to strengthen its position in the mining industry.

Kingston Resources Highlights Strategic Focus in Cobar Basin

Kingston Resources Limited has released a corporate presentation highlighting its operations in the Cobar Basin, NSW. The presentation outlines the company’s strategic focus on gold and copper production, emphasizing the potential impact on its operational efficiency and market positioning. Stakeholders are advised to consider the inherent uncertainties and risks associated with the mining industry when evaluating the company’s future prospects.

Kingston Resources Unveils Major Expansion at Mineral Hill

Kingston Resources Limited has announced a significant expansion strategy for its Mineral Hill project, following the sale of its Misima Gold Project. The company plans to invest heavily in exploration, with up to 40,000 meters of drilling over two years, and implement new leadership to enhance site-level growth and development. This initiative includes fast-tracking underground mining, expanding the growth pipeline, and potentially increasing the processing capacity of the Mineral Hill plant. These efforts are expected to bolster Kingston’s financial position and operational capabilities, positioning the company for long-term growth in the copper and gold sectors.

Kingston Resources Unveils Ambitious Growth Strategy for Mineral Hill

Kingston Resources Ltd. has announced a significant growth strategy for its Mineral Hill project, following the sale of its Misima Gold Project. With a $50 million cash inflow, the company plans to undertake its largest exploration program in decades, focusing on expanding ore feed and increasing processing rates. This initiative includes up to 40,000 meters of drilling and comprehensive geophysical and geochemical surveys. The company aims to enhance its operational cash flow and resource base, with underground mining set to commence in the December quarter of 2025. Kingston is also exploring regional third-party ore feed and potential mill expansion to maximize the value of its processing plant.

Kingston Resources Ltd. Announces Director’s Interest Change

Kingston Resources Ltd. announced a change in the director’s interest, specifically involving Andrew Corbett, who is indirectly associated with Milamar Group Pty Ltd. A total of 531,807 FY23 Unlisted LTI Options lapsed due to unmet conditions, affecting the director’s holdings. This development may impact the company’s strategic planning and resource allocation, as the lapse of options could influence future financial and operational decisions.