Macarthur Minerals Ltd. (MIO) AI Stock Analysis

• Market Cap: AU$9.55M
• Dividend Yield: N/A
• Average Volume (3M): 52.48K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.20
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 318,350,160
• 10 Day Avg. Volume: 51,319
• 30 Day Avg. Volume: 52,479
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.60
• 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$0.03 ▲(60.00% Upside)

The score is held down primarily by weak financial performance (no revenue, sharply larger TTM losses, and ongoing cash burn), with only partial support from a low-debt balance sheet. Technical signals are mixed and not decisively bullish, and valuation is constrained by a negative P/E and no dividend yield provided.

Positive Factors

Very low leverage

A debt-to-equity near 0.6% signifies minimal leverage, providing durable financial flexibility and low refinancing risk. This reduces bankruptcy risk and gives management time to advance exploration or development plans without immediate pressure to service large borrowings, aiding multi-month resiliency.

Substantial equity base

A sizable equity base (~52.3m) supports continued operations and funds project development through equity capital rather than debt. For an exploration/development company, strong equity reduces short-term solvency concerns and underpins the ability to pursue multi-stage permits, studies, and resource upgrades over months.

Lower cash burn vs prior year

Operating cash outflow has declined versus FY2023, indicating improving cash discipline or reduced activity costs. If sustained, this trend lengthens runway and reduces immediate funding needs, which materially affects the firm's ability to progress projects over a 2–6 month horizon without dilutive financing.

Negative Factors

No operating revenue

The absence of revenue means the company has no internally generated sales to fund operations, making it structurally reliant on external capital. Over months this limits route to self-sufficiency and elevates execution risk for development milestones that require sustained investment.

Materially larger recent losses

A sharp increase in net losses signals rising cash consumption and deteriorating profitability trends. This structural deterioration can deplete equity reserves and force capital raises or project slowdowns, impairing the firm's ability to execute development plans over the coming months.

Persistent negative cash flow

Consistent negative OCF and FCF indicate the business cannot fund operations internally. Persistent cash burn increases dependency on external financing, raising dilution or funding risk and constraining project timelines and permitting activities over a multi-month horizon unless funding is secured.

Macarthur Minerals Ltd. Business Overview & Revenue Model

Company Description

Macarthur Minerals Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral resource properties. The company primarily explores for gold, copper, lithium, iron ore, nickel, and cobalt deposits. It holds interests in three iron ore projects in the Yilgarn region of Western Australia; two exploration project areas in the Pilbara, Western Australia targeting iron ore; and lithium brine interests in the Railroad Valley, Nevada, the United States. The company was formerly known as Macarthur Diamonds Limited and changed its name to Macarthur Minerals Limited in July 2005. Macarthur Minerals Limited was incorporated in 2002 and is headquartered in Milton, Australia.

How the Company Makes Money

Macarthur Minerals Ltd. Financial Statement Overview

Summary

Financial fundamentals are weak: no reported revenue across periods, losses have expanded materially in TTM (net loss ~25.7m vs ~5.8m in FY2024), and operating/free cash flow remain negative (TTM OCF ~-1.7m; FCF ~-1.8m). The main offset is a strong balance sheet with very low leverage (debt-to-equity ~0.6%), but returns are deeply negative (TTM ROE ~-38%) and ongoing funding risk persists until revenues/profits emerge.

Income Statement

Results remain weak with no reported revenue across annual periods and TTM (Trailing-Twelve-Months), indicating the business is not yet operating at a commercial sales scale. Losses are substantial and have worsened materially in TTM (Trailing-Twelve-Months) (net loss of ~25.7m) versus FY2024 (~5.8m loss), pointing to elevated cost levels and limited earnings stability. A prior profitable year (FY2022) looks non-recurring relative to the multi-year pattern of losses.

Balance Sheet

The balance sheet is a relative strength: leverage is very low (debt-to-equity ~0.6% in TTM (Trailing-Twelve-Months)), providing financial flexibility and reducing refinancing risk. Equity remains sizable (~52.3m in TTM (Trailing-Twelve-Months)), though it has trended down from FY2023–FY2024 levels, consistent with ongoing losses. Returns to shareholders are currently negative (TTM return on equity about -38%), highlighting that the capital base is not generating profits.

Cash Flow

Cash generation is pressured with consistently negative operating cash flow and negative free cash flow across all shown periods; TTM (Trailing-Twelve-Months) operating cash flow is about -1.7m and free cash flow about -1.8m. While the burn rate appears smaller than some prior years (e.g., FY2023 operating cash flow ~-3.8m), the company is still consuming cash rather than funding itself internally. Free cash flow has been volatile and remains negative, increasing dependence on external funding over time.

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	0.00
Gross Profit	-3.19K	-38.58K	-70.51K	-72.34K	-31.42K	-85.31K
EBITDA	-25.46M	-2.46M	-3.85M	-4.34M	4.72M	-10.35M
Net Income	-25.67M	-26.53M	-5.76M	-4.88M	4.38M	-10.94M
Balance Sheet
Total Assets	54.06M	52.89M	77.69M	80.69M	78.48M	74.23M
Cash, Cash Equivalents and Short-Term Investments	311.59K	784.00	180.64K	1.94M	1.63M	5.02M
Total Debt	275.06K	243.77K	919.60K	149.40K	1.00M	283.41K
Total Liabilities	1.79M	1.81M	1.74M	611.17K	2.84M	6.05M
Stockholders Equity	52.27M	51.08M	75.95M	80.08M	75.64M	68.19M
Cash Flow
Free Cash Flow	-1.84M	-1.64M	-2.81M	-5.41M	-7.81M	-5.28M
Operating Cash Flow	-1.69M	-1.33M	-1.74M	-3.83M	-2.27M	-4.23M
Investing Cash Flow	807.11K	831.34K	-1.14M	-1.82M	-4.35M	-1.05M
Financing Cash Flow	1.45M	319.98K	1.12M	5.96M	3.23M	5.78M

Macarthur Minerals 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%
XRA	48 Neutral	AU$21.62M	-0.86	-55.22%	―	―	―
BPM	48 Neutral	AU$21.79M	-4.37	-61.72%	―	―	8.81%
MIO	47 Neutral	AU$9.55M	-2.11	―	―	―	―
GCR	45 Neutral	AU$2.19M	-9.09	-28.11%	―	―	―
M3M	45 Neutral	AU$6.89M	-1.12	-135.06%	―	―	30.99%
GNM	41 Neutral	AU$22.79M	-13.25	-32.31%	―	―	69.23%

Macarthur Minerals Ltd. Corporate Events

Macarthur Minerals Limited Releases Interim Financial Report for September 2025

Macarthur Minerals Limited has released its interim report for the period ending 30 September 2025. The report includes various financial statements and declarations, providing insights into the company’s financial performance and position. This release is crucial for stakeholders as it offers a comprehensive view of the company’s financial health and operational outcomes during the specified period.

Macarthur Minerals Issues Cleansing Notice for New Share Issuance

Macarthur Minerals Limited has issued a cleansing notice under section 708A(5)(e) of the Corporations Act 2001, notifying the Australian Securities Exchange of the issuance of 247,250 fully paid ordinary shares without disclosure under Part 6D.2 of the Act. This announcement indicates that the company is in compliance with relevant provisions of the Corporations Act and that there is no excluded information, which may reassure stakeholders of the company’s regulatory adherence.

Macarthur Minerals Announces Quotation of New Securities on ASX

Macarthur Minerals Ltd. has announced the quotation of 247,250 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code MIO, following the exercise of options or conversion of other convertible securities. This move is part of the company’s ongoing efforts to enhance its capital structure and market presence, potentially impacting its operational capabilities and stakeholder interests positively.

Macarthur Minerals Announces Cessation of Securities

Macarthur Minerals Ltd. announced the cessation of 500,000 securities due to the expiry of options that were not exercised or converted by October 26, 2025. This development may impact the company’s capital structure but is a routine part of managing its issued securities, with no immediate implications for stakeholders or operations.

Macarthur Minerals Reports Quarterly Cash Flow with Strategic Financing

Macarthur Minerals Ltd. reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $1.76 million. The company managed to offset this with a net cash inflow from financing activities of $2.007 million, indicating a strategic focus on securing financial resources to support its operations.

Macarthur Minerals Strengthens Financial Position Amidst Strategic Developments

Macarthur Minerals Limited reported on its quarterly activities ending September 2025, highlighting efforts to maintain the Lake Giles Iron Ore Project’s value and integrity. The company successfully raised approximately A$1.996 million through a renounceable entitlement offer, enhancing its financial position to support ongoing exploration and development activities. Key corporate initiatives included strengthening its capital structure and governance, with significant shareholder approvals and board changes. The improved liquidity ensures Macarthur can meet its obligations and continue its operations through the end of 2025.

Macarthur Minerals Issues New Shares in Compliance with Corporations Act

Macarthur Minerals Limited has issued 656,757 fully paid ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001. The company has complied with relevant provisions of the Corporations Act, ensuring transparency and adherence to regulatory requirements, which may impact its operational credibility and stakeholder trust.

Macarthur Minerals Announces Quotation of New Securities on ASX

Macarthur Minerals Limited announced the application for quotation of 656,757 ordinary fully paid securities on the ASX, approved as a one-off equity bonus for the former CFO, Mr. McCall. This move reflects the company’s strategy to reward key personnel and may impact its financial structure and stakeholder interests by aligning management incentives with company performance.