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Lotus Resources Limited
(Sydney:LOT)
Lotus Resources Limited (LOT) vs. iShares MSCI Australia ETF (EWA)
Lotus Resources Limited Business Overview & Revenue Model
Lotus Resources Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 196.56K | 196.56K | 21.16K | 102.47K | 2.38M | 127.11K |
| Gross Profit | -1.98M | -355.31K | -1.31M | -1.33M | 2.37M | -25.02K |
| EBITDA | -40.60M | -18.26M | -13.55M | -9.34M | -12.96M | -5.87M |
| Net Income | -32.25M | -13.76M | -24.51M | -9.92M | -12.00M | -5.01M |
Balance Sheet | ||||||
| Total Assets | 307.14M | 279.44M | 168.82M | 71.77M | 66.61M | 88.86M |
| Cash, Cash Equivalents and Short-Term Investments | 56.16M | 76.09M | 34.27M | 15.59M | 4.88M | 28.35M |
| Total Debt | 4.38M | 455.46K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 47.50M | 43.91M | 41.43M | 38.09M | 51.83M | 66.52M |
| Stockholders Equity | 268.08M | 237.32M | 129.81M | 35.09M | 15.54M | 21.96M |
Cash Flow | ||||||
| Free Cash Flow | -124.59M | -73.71M | -10.85M | -13.39M | -13.76M | -7.82M |
| Operating Cash Flow | -32.10M | -10.32M | -7.33M | -8.34M | -9.96M | -6.51M |
| Investing Cash Flow | -94.21M | -85.28M | -2.65M | -5.04M | -1.60M | -1.32M |
| Financing Cash Flow | 65.21M | 125.05M | 28.72M | 24.14M | 1.07M | 20.90M |
Lotus Resources Limited Technical Analysis
Lotus Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$399.42M | 3.25 | 145.87% | ― | 45.56% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$1.14B | -16.88 | -13.10% | ― | ― | 82.10% | |
52 Neutral | AU$527.26M | -10.44 | -90.12% | ― | ― | -98.20% | |
52 Neutral | AU$899.36M | -81.56 | -1.72% | ― | ― | -3900.00% | |
44 Neutral | AU$350.56M | -17.29 | -45.39% | ― | ― | -91.89% | |
43 Neutral | AU$450.81M | -3.97 | -12.76% | ― | ― | 51.47% |
Lotus Resources Limited Corporate Events
Lotus Resources Limited has disclosed a change in director Simon Hay’s indirect interest in the company’s shares, following his participation in a recent Share Purchase Plan. Through Tessaletta Pty Ltd as trustee for Tessaletta Investment Trust, Hay acquired 6,976 ordinary fully paid shares for $15,000, increasing his holding to 42,674 shares.
The transaction, conducted at $2.15 per share, reflects director support for the company’s capital-raising initiatives and aligns his financial exposure more closely with other shareholders. The company confirmed the trade did not occur during a closed period, indicating compliance with ASX listing rules and internal governance procedures around director dealings.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$3.90 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources director Michael Bowen has increased his indirect shareholding in the company through participation in the company’s Share Purchase Plan. Via his associated entity Bouchi Pty Ltd, Bowen acquired 13,953 ordinary fully paid shares for $30,000 in cash, lifting his indirect holding to 515,234 shares while retaining 260,870 unlisted options.
The transaction, completed on 9 March 2026, reflects further financial alignment between the director and Lotus Resources’ shareholder base. While the purchase is relatively modest in size, additional director participation in capital raisings is typically viewed positively by the market as a signal of confidence in the company’s prospects and governance.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$3.90 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources has disclosed a change in director Gregory Bittar’s indirect interests, reflecting a recent on‑market acquisition of additional ordinary shares. Through Gernie Invts Pty Ltd as trustee for the Gernie Invts Trust, Bittar acquired 13,953 fully paid shares for $30,000 at $2.15 per share, increasing his indirect equity stake alongside an existing portfolio of options and performance rights.
The transaction signals continued financial alignment between the director and Lotus shareholders, with Bittar maintaining substantial exposure via both direct and trust-held securities. The change, lodged under ASX listing rules, provides investors with updated transparency on board-level holdings, which can be a barometer of insider confidence and governance oversight in the company’s capital management.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$3.90 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has released its interim financial report for the half-year ended 31 December 2025, providing stakeholders with consolidated statements of profit or loss, financial position, changes in equity and cash flows, along with accompanying notes. The publication of this reviewed report, complete with directors’ and auditors’ sections, underscores the company’s adherence to reporting obligations and offers investors an updated snapshot of its mid-year financial health and governance oversight.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$3.90 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
State Street Corporation and key subsidiaries, including State Street Bank and Trust Company and SSGA Funds Management, have lodged a notice that they have ceased to be substantial shareholders in Lotus Resources Limited. The change follows a series of equity movements involving securities lending, stock borrowing and collateral transfers between 23 February and 2 March 2026, which collectively reduced their voting power below the substantial holding threshold.
These transactions, largely recorded as collateral received, stock lends and borrows, indicate an adjustment of institutional positions rather than a straightforward sale on market. For Lotus, the exit of a major global custodian and asset manager from the substantial holder register may alter the composition of its institutional investor base and could affect liquidity and governance dynamics, even though operational details of the company remain undisclosed in this notice.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$3.90 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has applied for quotation on the ASX of 28,177 new ordinary fully paid shares, to be issued on 9 February 2026. The small-sized issuance arises from the exercise or conversion of existing options or other convertible securities, marginally increasing the company’s free float and share capital while having limited immediate impact on its market positioning.
The move reflects routine capital management activity typical for ASX-listed companies and signals the ongoing conversion of derivative securities into listed equity. For shareholders, the dilution effect from this tranche appears minimal, but it incrementally broadens the tradable share base and may slightly enhance liquidity in the company’s stock over time.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$3.90 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources has completed a non-underwritten institutional placement raising approximately A$76 million at A$2.15 per share, attracting strong demand from existing and new domestic and international investors. Together with a planned share purchase plan targeting up to A$5 million, the equity raising is expected to lift Lotus’s pro-forma cash to about A$145 million, providing enhanced working capital and financial flexibility to support the ramp-up to steady-state uranium production, complete its acid plant and grid connection projects, and bridge the typical 5–6 month uranium working capital cycle as the Kayelekera operation progresses toward positive cash flow and first shipment expected in the second quarter of 2026.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has announced a proposed placement of up to 35,449,623 new fully paid ordinary shares, to be quoted on the ASX, with the issue currently targeted for 12 February 2026. The capital raising signals an effort by the company to bolster its financial position through equity issuance, which may support future operational or strategic initiatives and will result in dilution for existing shareholders depending on final pricing and allocation.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has announced a new securities purchase plan, under which it proposes to issue up to 2,325,581 ordinary fully paid shares to eligible shareholders. The offer, which has a record date of 4 February 2026 and is scheduled to close on 2 March 2026 with an expected issue date of 9 March 2026, is intended to raise additional equity capital, potentially strengthening the company’s balance sheet and providing funding flexibility for its ongoing resource-focused initiatives.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has released details of an equity raising initiative comprising a non-underwritten institutional placement of new fully paid ordinary shares alongside a non-underwritten share purchase plan for eligible shareholders in Australia and New Zealand. The company stresses that the presentation is informational rather than a formal offer document, outlines the regulatory and jurisdictional constraints on distributing the material, and highlights the investment risks and need for investors to conduct their own due diligence and seek professional advice before participating in the capital raising.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources has launched a non-underwritten institutional placement to raise approximately A$76 million at A$2.15 per share, alongside a share purchase plan targeting up to A$5 million, to bolster working capital as it ramps up the Kayelekera uranium project to positive cash flow. The planned equity raising, which will significantly increase pro forma cash to about A$145 million, is intended to fund completion of cost-optimising infrastructure such as an acid plant and grid connection, support the uranium working capital cycle, and provide balance sheet flexibility so the company can pursue a disciplined offtake strategy while targeting nameplate production of around 2.4 million pounds per annum and first product shipment in the June quarter of 2026.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has requested and been granted a trading halt on its shares on the ASX from 5 February 2026, as the company undertakes a material capital raising. Trading in LOT securities will remain halted until the completion of the bookbuild and the release of a related announcement, or until the commencement of normal trading on 9 February 2026, signalling that Lotus is seeking significant new funding that could reshape its capital structure and support forthcoming operational or growth initiatives.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has applied to the ASX for quotation of 39,509 new fully paid ordinary shares, to be traded under its existing ticker LOT. The small equity issuance, arising from the exercise or conversion of existing options or other convertible securities, modestly increases Lotus’s quoted share capital and reflects ongoing utilisation of its equity incentive or funding arrangements, with limited immediate impact on the company’s overall capital structure.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources reported steady operational progress in the December 2025 quarter as it ramps up the Kayelekera mine towards nameplate production, supported by a strong safety performance with no lost-time injuries and a milestone of nearly two million LTI‑free person days. Mining activities advanced with first high-grade ore delivered to the ROM pad and all key equipment and explosives supply in place, though processing in November and December was constrained by sulphuric acid shortages and supply chain disruptions, partly eased by new acid supply contracts and transport capacity. The company’s accelerated restart program remains broadly on schedule, with the on-site acid plant rebuild targeted for commissioning in March 2026, ongoing upgrades to the tailings storage facility and grid power connection, and consistent January mill throughput at around 57% of nameplate levels despite continuing acid and maintenance constraints. Lotus now expects to reach full steady‑state uranium production of about 200,000 pounds per month in the June quarter of 2026 and has shifted its first product shipment timeline to the same period, contingent on completing product qualification with nuclear fuel converters. Against a backdrop of a rising uranium term price of US$87/lb, Lotus has structured most of its 2026 delivery commitments into the second half of the year and is pursuing a strategy of preserving uncontracted production to build inventories for potential price upside, while metallurgical testwork at Letlhakane suggests a significant reduction in acid consumption and a simplified flowsheet that could enhance project economics. The company closed the quarter with A$56.2 million in cash (plus additional equipment finance drawn post‑quarter) and is exploring further financing options, including prepayment and inventory‑backed structures, to support working capital as it transitions into steady production and begins deliveries to utilities.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources has begun substantial sulphuric acid deliveries to its Kayelekera Uranium Mine, easing previous supply chain constraints and supporting the ramp-up toward steady-state production, although full nameplate output of about 200,000 pounds of uranium per month is now expected in the second quarter of calendar 2026. Product qualification with uranium converters is advancing, enabling the permitting process for first shipments also targeted for the second quarter, while the company reports a strong cash position of A$63.4 million pro forma and is exploring additional financing options such as prepayment and inventory-backed structures; its uranium sales strategy remains focused on North American utilities, with most 2026 commitments weighted to the second half and future contracts designed to capture upside from rising uranium prices.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has completed a consolidation of its issued share capital on an 11.5-for-1 basis, following shareholder approval at an extraordinary general meeting held on 16 January 2026. The post-consolidation structure leaves the company with 236,291,354 fully paid ordinary shares on issue along with a range of performance rights and options with varying expiry dates and exercise conditions, and new holding statements are being sent to investors with fractional entitlements rounded to the nearest whole share. The move simplifies Lotus’s capital base and is likely aimed at improving the company’s share price optics and capital management flexibility, a common step for resources companies seeking to appeal to a broader investor base and better align incentive structures with long-term share performance.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has updated its notification of a security consolidation affecting its ordinary shares, performance rights and several classes of options. The revised announcement reflects final post-consolidation numbers after rounding individual shareholder holdings and incorporating pre-consolidation issues and cancellations that occurred on 18 December 2025, including the exercise of multiple option series, the issuance of additional options and the cancellation of a substantial tranche of performance rights. This update clarifies the company’s capital structure following the consolidation, providing greater transparency for investors about the adjusted number of securities on issue and the impact of recent equity transactions on existing holdings.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has confirmed that shareholders have approved a consolidation of its ordinary shares, performance rights and various classes of listed options, with the update dated 16 January 2026 formalising changes first flagged in December 2025. The security consolidation is intended to restructure the company’s capital base, potentially improving the trading profile of its securities and simplifying its register, which may have implications for liquidity, investor perception and the company’s positioning in the market.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has adopted a new company constitution following approval by shareholders at an extraordinary general meeting held on 16 January 2026. The updated governance document, now formally in place, marks a structural adjustment that may influence how the company manages its affairs and engages with investors, reflecting an effort to align its corporate framework with current regulatory and market expectations.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited announced that all resolutions put to shareholders at its 16 January 2026 Extraordinary General Meeting were passed by poll, including the consolidation of the company’s capital and a change to its constitution. The strong voting support, with approval levels around or above 99% for both resolutions, signals broad shareholder backing for the company’s capital structure simplification and updated governance framework, which may enhance its financial flexibility and regulatory alignment going forward.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
A substantial holder in Lotus Resources Limited, identified in an annexure to the regulatory filing and including Paradice Investment Management, has ceased to be a substantial shareholder in the company as of 22 December 2025, according to a notice lodged under section 671B of the Corporations Act. The change in substantial holding, which follows a previous notice in September 2025, signals a reduction in a major institutional investor’s voting power and may alter Lotus Resources’ share register composition and the balance of influence among its key shareholders.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.28 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has issued 30,152 fully paid ordinary shares following the exercise of an equivalent number of nil-price options, which were granted under its shareholder-approved Incentive Option Plan and exercised by a former employee. The company has formally notified the market that these employee shares were issued without a disclosure document under the Corporations Act, while confirming its compliance with continuous disclosure and financial reporting obligations and stating that there is no excluded information that would need to be disclosed to investors in relation to this share issue.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.28 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources has reached a key milestone at its Kayelekera Uranium Mine in Malawi, delivering the first high-grade ore from the open pit to the run-of-mine pad as it ramps up toward steady-state production targeted for the first quarter of calendar 2026. With all required mining equipment on site and pit access ramps completed, the company is aiming to reach 50–65% of nameplate throughput by January 2026, while also tackling previous sulphuric acid supply constraints by signing contracts with three suppliers in Zambia and South Africa and securing the necessary import permits. The rebuild of the on-site acid plant remains on schedule for commissioning in the first quarter of 2026, a move expected to mitigate acid supply risks and lower processing costs, underpinned by a solid balance sheet with A$73.9 million in cash at the end of November 2025, reinforcing Lotus’s ability to execute its production ramp-up plan.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.28 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has notified the ASX of the lapse of 377,075 options (security code LOTAAK) that were due to expire on 30 June 2029. The options have ceased because the conditional rights attached to them were not satisfied or have become incapable of being satisfied, resulting in a reduction of potential future dilution from these instruments in the company’s capital structure.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.28 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has notified the ASX of a new issue of unquoted equity securities under its employee incentive scheme. The company will issue 16,746 nil‑exercise-price options (ASX code: LOTAAL) expiring on 30 September 2027, which are not intended to be quoted on the ASX, effectively expanding its pool of staff incentives and potentially strengthening employee alignment with long-term shareholder interests.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.28 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has applied to the ASX for quotation of 195,608 new fully paid ordinary shares, to be issued on 18 December 2025. The additional shares arise from the exercise or conversion of options or other convertible securities, marginally increasing the company’s quoted capital base and modestly diluting existing holders while signalling some uptake of equity-linked incentives.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.28 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has announced a security consolidation involving various options and performance rights with different expiration dates. The reorganization will see trading in the post-consolidation securities commence on a deferred settlement basis starting January 20, 2026, with a record date of January 21, 2026, and an issue date of January 29, 2026.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.28 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has announced an Extraordinary General Meeting scheduled for January 16, 2026, at their office in Perth, Western Australia. This meeting will address various matters pertinent to the company’s operations and governance, as indicated by the accompanying documents such as the Notice of Meeting and Proxy Voting Form. The announcement signifies a step in corporate governance, potentially impacting shareholder engagement and decision-making processes.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.28 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
Lotus Resources Limited has announced a change in the director’s interest notice, specifically regarding Gregory Bittar. The change involves the acquisition of a significant number of performance rights by Gernie Invts Pty Ltd, a trust associated with Bittar. This move is part of his remuneration package as an executive, with the performance rights having various vesting conditions and no exercise price. This development reflects the company’s strategic approach to aligning executive interests with long-term company performance, potentially impacting stakeholder perceptions and the company’s market positioning.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.31 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.