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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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 196.56K | 196.56K | 21.16K | 102.47K | 2.38M | 127.11K |
| Gross Profit | -1.07M | -355.31K | -1.31M | -1.33M | 2.37M | -25.02K |
| EBITDA | -18.26M | -18.26M | -13.55M | -9.34M | -12.96M | -5.87M |
| Net Income | -13.76M | -13.76M | -24.51M | -9.92M | -12.00M | -5.01M |
Balance Sheet | ||||||
| Total Assets | 279.44M | 279.44M | 168.82M | 71.77M | 66.61M | 88.86M |
| Cash, Cash Equivalents and Short-Term Investments | 76.09M | 76.09M | 34.27M | 15.59M | 4.88M | 28.35M |
| Total Debt | 455.46K | 455.46K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 43.91M | 43.91M | 41.43M | 38.09M | 51.83M | 66.52M |
| Stockholders Equity | 237.32M | 237.32M | 129.81M | 35.09M | 15.54M | 21.96M |
Cash Flow | ||||||
| Free Cash Flow | -73.71M | -73.71M | -10.85M | -13.39M | -13.76M | -7.82M |
| Operating Cash Flow | -10.32M | -10.32M | -7.33M | -8.34M | -9.96M | -6.51M |
| Investing Cash Flow | -85.28M | -85.28M | -2.65M | -5.04M | -1.60M | -1.32M |
| Financing Cash Flow | 125.05M | 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$680.63M | -37.65 | -7.50% | ― | ― | 51.47% | |
52 Neutral | AU$494.91M | -11.56 | -90.12% | ― | ― | -98.20% | |
52 Neutral | AU$1.09B | -163.75 | -1.72% | ― | ― | -3900.00% | |
51 Neutral | AU$421.64M | 3.12 | 145.87% | ― | 45.56% | ― | |
50 Neutral | AU$1.12B | -29.27 | -13.10% | ― | ― | 82.10% | |
44 Neutral | AU$391.80M | -13.38 | -45.39% | ― | ― | -91.89% |
Lotus Resources Limited Corporate Events
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.
Lotus Resources Limited has announced its intention to consolidate its share capital on an 11.5-for-1 basis, pending shareholder approval at an upcoming Extraordinary General Meeting. This consolidation aims to reduce the number of shares to approximately 236 million, aligning with the company’s status as an ASX300 entity and enhancing its appeal to a broader investor base. The consolidation will not materially affect individual shareholder percentages, and all options and performance rights will be adjusted accordingly. Additionally, the company plans to update its constitution to a more modern version.
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.
Lotus Resources Limited has announced the issuance of unquoted equity securities as part of their employee incentive scheme. The company will issue 8,695,209 short-term and 12,458,042 long-term performance rights for the fiscal year 2026, which are not intended to be quoted on the ASX. This move is likely aimed at aligning employee interests with company performance, potentially impacting stakeholder perceptions and company operations positively.
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.
Lotus Resources Limited announced an update on the Kayelekera Mine in Malawi, highlighting progress towards achieving steady state production by the end of Q1 2026. Despite challenges with sulphuric acid supply, the company has taken steps to mitigate these issues, including sourcing additional suppliers and rebuilding an acid plant. The processing plant showed promising throughput and recovery levels, and the first shipment of product is expected in late Q1 2026. Lotus maintains a strong financial position with A$73.9M in cash as of November 2025, positioning it well for future operations.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.25 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 achieved a significant milestone with the first mining blast at its Kayelekera uranium mine in Malawi, marking the transition to mining new run-of-mine ore. This development supports the company’s plan to ramp up to a steady-state production level of 200,000 pounds of U3O8 per month by the first quarter of 2026. The integration of freshly mined ore with existing stockpiles, which have exceeded expected grades, is expected to enhance production capabilities. The company is advancing its product accreditation with uranium converters in the US, Canada, and France, positioning itself as a global uranium producer amid a dynamic energy sector.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.25 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 a change in the director’s interest, with Leanne Heywood acquiring an additional 210,526 ordinary shares through participation in the September 2025 Placement. This acquisition increases her total holdings to 300,526 shares, reflecting a strategic move that could enhance her influence within the company and potentially impact stakeholder confidence.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.25 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 a change in the director’s interest, with Simon Hay acquiring an additional 210,526 ordinary shares through participation in the September 2025 Placement. This acquisition increases his total holdings to 410,526 shares, reflecting a strategic move to strengthen his investment in the company, potentially signaling confidence in the company’s future prospects.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.25 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, with Michael Bowen acquiring an additional 394,736 ordinary fully paid shares through participation in the September 2025 Placement. This acquisition increases his indirect holding to 5,764,736 shares, reflecting a strategic move to strengthen his stake in the company, which could influence stakeholder confidence and market perception.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.25 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, specifically regarding Gregory Bittar’s indirect holdings. The change involves the acquisition of 2,551,840 unlisted options and 394,736 ordinary fully paid shares through Gernie Invts Pty Ltd. This move reflects a strategic adjustment in the director’s investment portfolio, potentially indicating confidence in the company’s future prospects and aligning with its market focus on uranium development.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.25 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 successfully issued 1,210,524 fully paid ordinary shares at A$0.19 each as part of a Director Share Placement. This move, approved by shareholders, aligns with the company’s strategic financial activities and complies with relevant regulatory requirements, potentially enhancing its market position.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.25 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 the quotation of 1,210,524 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, indicating a step in the company’s strategic financial operations. The issuance of these securities could potentially impact the company’s market positioning by increasing its capital base and providing more liquidity for stakeholders.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.25 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 the issuance of unquoted equity securities, including options expiring between 2027 and 2029, as part of an employee incentive scheme. This move is likely aimed at aligning employee interests with company performance, potentially enhancing operational efficiency and stakeholder value.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.25 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 FY2025 Sustainability Report, highlighting key achievements and addressing material sustainability risks and opportunities. The report underscores the company’s commitment to sustainable practices, enhancing its industry positioning and potentially benefiting stakeholders through improved governance and environmental management.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.25 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 proposed at its Annual General Meeting were passed by shareholders. This outcome reflects shareholder support for the company’s strategic direction, including the re-election of key board members and the approval of incentive plans, which may enhance the company’s operational capabilities and market positioning.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.25 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 updates on its key projects, including the Kayelekera Accelerated Restart Plan and the Letlhakane Scoping Study. The company confirms that there have been no material changes to previous announcements regarding these projects, maintaining its focus on becoming a major uranium producer. The scoping study indicates potential for significant uranium production, although it is based on preliminary assessments. This positions Lotus Resources as a potentially influential player in the uranium market, with implications for stakeholders interested in the company’s growth and development.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.38 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 the quotation of 23,674 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 4, 2025. This move, resulting from the exercise of options or conversion of other securities, is expected to strengthen the company’s market position and provide additional liquidity for stakeholders.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.38 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.