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Mindax Limited
(Sydney:MDX)
Mindax Limited (MDX) vs. iShares MSCI Australia ETF (EWA)
Mindax Limited Business Overview & Revenue Model
Mindax Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.45K | 0.00 | 2.99K | 0.00 | 59.96K | 0.00 |
| Gross Profit | -67.70K | -67.70K | 2.99K | -11.46K | 59.96K | -1.11K |
| EBITDA | -2.55M | -2.55M | -2.54M | -1.91M | -1.08M | -1.91M |
| Net Income | -2.85M | -2.85M | -2.28M | -5.57M | 13.42M | -1.13M |
Balance Sheet | ||||||
| Total Assets | 33.93M | 33.93M | 26.73M | 19.32M | 18.98M | 4.25M |
| Cash, Cash Equivalents and Short-Term Investments | 1.32M | 1.32M | 520.04K | 4.63M | 1.68M | 1.19M |
| Total Debt | 58.69K | 58.69K | 108.65K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 8.67M | 8.67M | 2.13M | 273.95K | 360.74K | 396.83K |
| Stockholders Equity | 18.61M | 18.61M | 17.68M | 19.05M | 18.62M | 3.85M |
Cash Flow | ||||||
| Free Cash Flow | -1.96M | -1.85M | -4.38M | -2.40M | -965.54K | -2.00M |
| Operating Cash Flow | -1.85M | -1.85M | -1.83M | -1.44M | -965.54K | -1.36M |
| Investing Cash Flow | -5.00M | -5.00M | -2.33M | -1.00M | 208.51K | -644.86K |
| Financing Cash Flow | 7.65M | 7.65M | 57.73K | 5.39M | 1.25M | 3.01M |
Mindax Limited Technical Analysis
Mindax Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$144.46M | 11.00 | 13.04% | 4.01% | 24.48% | 97.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$172.14M | -47.06 | -1.53% | ― | ― | 71.98% | |
48 Neutral | AU$371.56M | -25.07 | -20.84% | ― | 11.43% | -238.93% | |
48 Neutral | AU$252.71M | -5.54 | ― | ― | ― | ― | |
45 Neutral | AU$214.54M | -16.80 | -454.45% | ― | ― | 15.86% | |
43 Neutral | AU$94.25M | -30.77 | -15.72% | ― | ― | -18.18% |
Mindax Limited Corporate Events
Mindax Limited has notified the market of a correction to the details of a previously announced tranche of 2,000,000 unquoted options. The company, listed on the ASX under code MDX, clarified that these options now carry the updated code MDXAS and an amended expiry date of 18 July 2026, while retaining an exercise price of A$0.07. The update is administrative in nature, aligning market records with the correct option terms and providing clarity for stakeholders tracking the company’s unquoted equity securities.
Mindax Limited has announced a proposed issue of 58 million options as part of a new placement, with each option exercisable at $0.08 and expiring on 30 November 2026. The options, expected to be issued on 22 December 2025 and to be quoted on the ASX under the code MDXAT, represent a capital-raising initiative that could strengthen the company’s balance sheet and provide additional funding flexibility, with implications for existing shareholders through potential future dilution if the options are exercised.
Mindax Limited has issued 2,631,579 fully paid ordinary shares, which are now eligible for secondary trading under the exemption provided by section 708A(5) of the Corporations Act 2001. This announcement ensures compliance with regulatory requirements and facilitates the trading of these shares without the need for further disclosure, potentially enhancing liquidity and investor engagement.
Mindax Limited has announced a proposed issue of 2,631,579 fully paid ordinary securities, as part of a placement or other type of issue. This move is expected to enhance the company’s financial position and support its ongoing projects, potentially impacting its market presence and offering new opportunities for stakeholders.
Mindax Limited has announced changes to its directors’ interests following shareholder approval at the recent AGM. The company issued new options to its directors and updated the changes in interests due to the expiry of previous options. This move is part of the company’s ongoing efforts to align the interests of its leadership with its strategic goals.
Mindax Limited has announced the issuance of 2,000,000 unquoted equity securities, specifically options expiring on July 15, 2026, with an exercise price of $0.07. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s financial strategy and stakeholder interests.
Mindax Limited has announced the issuance of 54 million unquoted securities, specifically options expiring on November 30, 2026, at an exercise price of $0.08. This move is part of a previously announced transaction and is not intended to be quoted on the ASX, indicating a strategic financial maneuver that could impact the company’s capital structure and stakeholder interests.
Mindax Limited has issued 4,878,049 fully paid ordinary shares as of December 1, 2025. This issuance falls under the secondary trading exemption, allowing the sale of these shares without disclosure, as per section 708A(5) of the Corporations Act 2001. The company has complied with the necessary legal provisions and confirms there is no undisclosed information that would affect investors’ assessments.
Mindax Limited has announced the quotation of 4,878,049 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code MDX. This move is part of a previously announced transaction, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with the company’s financial activities.
Mindax Limited has announced a proposed issue of 4,878,049 ordinary fully paid securities, with the issue date set for November 28, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s financial structure and market presence by increasing its capital base.
Mindax Limited, a company listed on the ASX, announced the successful passing of all resolutions at its Annual General Meeting. The meeting, held in Perth, saw unanimous support for resolutions including the adoption of the remuneration report, re-election of a director, approval of additional placement capacity, and the granting of options to several key figures within the company. This outcome reflects strong shareholder support and positions Mindax Limited to continue its strategic initiatives.
Mindax Limited has made significant strides in its Mt Forrest iron ore project by securing an option to acquire Norton Gold Fields’ 35% stake, aiming to consolidate its position in the Mid-West region of Western Australia. The company raised $1.6 million to accelerate project development and is exploring collaborative opportunities for infrastructure development to enhance ore transportation. Additionally, Mindax completed a phase two study on the Mid-West Shared Infrastructure Project, which supports the transportation of magnetite ore to ports for export, and continues to seek strategic partnerships for further development.
Mindax Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $289,000 and investing activities of $1,685,000, primarily due to exploration and evaluation expenses. The company raised $1,600,000 through equity securities, resulting in a net cash inflow from financing activities of $1,519,000, which helped offset the cash outflows, indicating a strategic focus on funding exploration efforts.
Mindax Limited has announced a proposed issue of securities, specifically 54,000,000 options expiring on 30 November 2026, with an exercise price of $0.08. This move is part of a placement or other type of issue, with the proposed issue date set for 17 November 2025. The announcement signifies Mindax Limited’s strategic financial maneuver to potentially raise capital, which could impact its market positioning and stakeholder interests.
Mindax Limited has announced its upcoming Annual General Meeting scheduled for 14 November 2025, inviting shareholders to participate either in person or via proxy voting. The company emphasizes its commitment to environmental sustainability by encouraging electronic communication to reduce its ecological footprint, reflecting its broader strategic focus on responsible corporate practices.