Top Page
Metro Mining Limited
(Sydney:MMI)
Metro Mining Limited (MMI) vs. iShares MSCI Australia ETF (EWA)
Metro Mining Limited Business Overview & Revenue Model
Metro Mining Limited Earnings Call Summary
Metro Mining Limited Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 378.36M | 307.34M | 235.84M | 177.90M | 160.14M |
| Gross Profit | 69.59M | 35.46M | 12.95M | -31.53M | -30.14M |
| EBITDA | 126.22M | 19.89M | 19.45M | -25.07M | -79.54M |
| Net Income | 142.33M | -22.00M | -13.48M | -50.12M | -105.50M |
Balance Sheet | |||||
| Total Assets | 361.37M | 243.21M | 169.00M | 129.53M | 152.27M |
| Cash, Cash Equivalents and Short-Term Investments | 62.84M | 36.57M | 12.15M | 12.02M | 13.88M |
| Total Debt | 116.45M | 110.10M | 101.14M | 59.61M | 67.36M |
| Total Liabilities | 174.50M | 202.60M | 159.04M | 110.59M | 110.27M |
| Stockholders Equity | 186.87M | 40.60M | 9.95M | 18.94M | 41.99M |
Cash Flow | |||||
| Free Cash Flow | 55.02M | -37.00K | -142.00K | -11.22M | -25.90M |
| Operating Cash Flow | 65.79M | 29.34M | 12.32M | -1.19M | -22.38M |
| Investing Cash Flow | -23.07M | -59.47M | -36.31M | -6.69M | -3.67M |
| Financing Cash Flow | -24.41M | 53.96M | 27.96M | 7.62M | 9.16M |
Metro Mining Limited Technical Analysis
Metro Mining Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | AU$1.17B | 4.80 | 33.38% | ― | 45.73% | 716.15% | |
77 Outperform | AU$560.27M | 9.80 | 7.01% | 5.45% | 16.86% | 3.03% | |
73 Outperform | AU$393.27M | 3.25 | 145.87% | ― | 45.56% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$583.52M | -28.48 | -179.67% | ― | -100.00% | -6.00% | |
44 Neutral | AU$319.63M | -17.29 | -45.39% | ― | ― | -91.89% | |
43 Neutral | AU$450.81M | -3.97 | -12.76% | ― | ― | 51.47% |
Metro Mining Limited Corporate Events
Metro Mining Limited has lodged its updated corporate governance statement for the financial year ended 31 December 2025, confirming that the document is current as of 25 February 2026 and has been approved by the board. The statement, published on the company’s website alongside a completed Appendix 4G, outlines the extent to which Metro follows ASX Corporate Governance Council recommendations, including board charters, director appointment processes and company secretary accountability, giving shareholders clearer visibility over its governance framework.
The lodgement of Appendix 4G with the ASX serves as both a navigation tool for investors to locate specific governance disclosures and a verification step to demonstrate compliance with Listing Rule 4.10.3. By aligning its practices with these requirements and detailing any variances through its corporate governance statement, Metro reinforces its adherence to market standards on transparency and oversight, which can support investor confidence and regulatory assurance.
The most recent analyst rating on (AU:MMI) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining has released its 2025 Corporate Governance Statement, detailing how it aligns its governance practices with the ASX Corporate Governance Council’s latest principles and recommendations. The board approved the statement for the year ended 31 December 2025, underscoring its intent to maintain transparent oversight of strategy, performance and risk.
The company outlines a clear division of responsibilities between the board and management through a formal board charter and a suite of governance policies. It also highlights the role of three specialised board committees and formal appointment processes for directors and senior executives, signalling a structured approach to risk management, culture and stakeholder confidence.
The most recent analyst rating on (AU:MMI) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining Limited has announced an on-market buy-back of its ordinary fully paid shares listed on the ASX under the code MMI. The move signals the company’s intention to actively manage its capital structure and may be interpreted as management’s confidence in the underlying value of its equity, with potential implications for shareholder returns and liquidity in the stock.
Details released so far are largely procedural, focusing on the formal notification of the buy-back rather than specific volumes, pricing, or timing. Investors and other stakeholders will look to subsequent disclosures for clarity on the scale of the program, which will determine the extent of its impact on earnings per share and overall market perception of Metro Mining’s financial position.
The most recent analyst rating on (AU:MMI) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining reported a strong turnaround in 2025, delivering record bauxite shipments of 6.2 million wet metric tonnes and swinging to a net profit after tax of $142.3 million from a loss the previous year. The company also posted record underlying EBITDA, reversed prior impairments, strengthened its balance sheet with solid cash, reduced senior debt, and benefited from sizeable foreign currency hedging gains.
On the back of these results and a debt maturity extension to 2027, the board has approved an on-market share buy-back of up to 5% of issued shares, citing the stock as undervalued and positioning the move as a value-accretive capital management initiative. All repurchased shares will be cancelled, and the company has set 2026 shipment guidance at 6.6 to 7.1 million tonnes, marking the planned full-year realisation of its bauxite expansion strategy.
The most recent analyst rating on (AU:MMI) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining Limited reported a strong financial turnaround for the year ended 31 December 2025, with revenue from ordinary activities rising 23.11% to $378.4 million and profit after tax from continuing operations surging to $142.3 million. The company did not declare a dividend for the year, but net tangible assets per security increased significantly to $0.026 from $0.006, reflecting an improved balance sheet.
Underlying profit before tax from ordinary activities jumped to $79.4 million, while underlying EBITDA nearly doubled to $72.9 million, highlighting substantial improvement in operating performance. The results were supported by factors including an impairment reversal and reduced finance costs, indicating a stronger financial footing that may enhance Metro Mining’s resilience and competitiveness in the mining sector.
The most recent analyst rating on (AU:MMI) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining Limited has reported changes to director Andrew Lloyd’s interests in the company’s securities, reflecting the conversion of vested performance rights into ordinary shares in lieu of director’s fees. The updated disclosure clarifies earlier filings by detailing additional share acquisitions by Lloyd and his associate, Gail Lynn Lloyd, and specifying their revised combined holdings and remaining performance rights, enhancing transparency for investors around director remuneration and equity exposure.
The most recent analyst rating on (AU:MMI) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining Limited has outlined its schedule for shareholder and financial reporting events in 2026, confirming its Annual General Meeting will be held on 22 April in Brisbane and that nominations for directors close on 9 March, with the notice of meeting to be issued on 20 March. The company also set 31 August as the release date for its 2026 half-year financial results and committed to issuing quarterly activity reports within a month of each quarter’s end, providing investors and stakeholders with clear visibility on its governance and operational disclosure timetable.
The most recent analyst rating on (AU:MMI) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining has invited shareholders to a webinar presentation where its chief executive and chief financial officer will discuss the company’s 2025 annual results, with the session scheduled for 27 February 2026 and a recording to be made available on its website. The event underlines the company’s emphasis on investor communication and transparency around its financial and operational performance, which is important for stakeholders given its role as a key bauxite supplier in Australia’s decarbonisation-linked aluminium supply chain.
The most recent analyst rating on (AU:MMI) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining Limited has invited shareholders to a webinar presentation hosted by CEO and Managing Director Simon Wensley, which will provide an update on operational activities at its Bauxite Hills Mine for the fourth quarter of 2025. The session, which will be held online and later made available as a recording on the company’s website, is aimed at enhancing transparency around mine performance and operations, giving investors and stakeholders clearer insight into recent activity at the flagship asset and its role in supplying bauxite to the aluminium sector during the ongoing energy transition.
The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining reported record calendar-year bauxite shipments of 6.2 million wet metric tonnes in 2025, up 9% year-on-year and within its revised guidance, supported by a strong fourth quarter despite weather-related shipping disruptions late in December. The company achieved a 16% quarter-on-quarter improvement in average CIF pricing and ended the year with A$57.5 million in unrestricted cash, though quarterly FOB revenue was tempered by legacy fixed-price contracts that will largely roll off by mid-2026, improving margins. Operations paused in early January 2026 with stockpiles in place for a planned restart in March, while the demobilisation and dry-docking of the Ikamba offshore floating terminal and a leadership restructure aim to enhance reliability, integrated supply-chain planning and cost efficiency as Metro seeks to consolidate its position as a leading low-cost supplier amid robust Chinese bauxite import demand but subdued alumina pricing.
The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining has overhauled its executive leadership structure as it rolls out a new management operating system designed to better integrate planning across its bauxite supply chain, aiming to improve performance, reliability and cost efficiency. The company has appointed Paul Green as Executive General Manager Operations to unify mine and marine activities at Bauxite Hills, brought in HR specialist Troy McMillan as General Manager People & Culture to reinforce its workforce and culture agenda, and expanded CFO Nathan Quinlin’s remit to include supply chain planning, operational performance and margin optimisation, supported by technical and marine services leaders. Existing executives Robin Bates and Norman Ting remain in their governance and China-focused sales roles respectively, with the reshaped team intended to support record shipment ambitions, lower operating costs and scalable growth as Metro seeks to expand its asset base.
The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining Limited reported record calendar-year shipments of 6.2 million wet metric tonnes (WMT) of bauxite from its Bauxite Hills Operation in 2025, a 9% increase on the prior year and in line with revised guidance. December 2025 shipments reached 543,000 WMT, a record for the month and 16% higher year-on-year, despite weather-related disruptions and a delayed final vessel. Mine production stopped on 3 January with stockpiled ore sufficient to load the final vessel, while the company has begun its wet-season maintenance program, which includes dry docking of the OFT Ikamba barge around 20 January. Metro closed the year with A$57 million in cash against A$62 million of senior debt, underscoring a solid liquidity position as it enters the seasonal shutdown and plans for the next operating cycle.
The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining Limited has issued 12,216,607 unquoted performance rights under its employee incentive scheme, as notified to the ASX via an Appendix 3G filing dated 18 December 2025, with an issue date of 15 December 2025. The large grant of unquoted performance rights underscores the company’s ongoing reliance on equity-linked incentives to align employee interests with shareholder value and may contribute to future dilution if the rights vest and convert to ordinary securities.
The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining Limited announced the cessation of 10,300,583 performance rights due to the lapse of conditional rights, as the conditions were not met. This cessation could impact the company’s capital structure and may influence stakeholder perceptions regarding the company’s operational performance and future prospects.
The most recent analyst rating on (AU:MMI) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining Limited has announced the issuance of 32,258,178 performance rights as part of an employee incentive scheme. This move is likely aimed at motivating and retaining employees, potentially impacting the company’s operational efficiency and aligning employee interests with shareholder value.
The most recent analyst rating on (AU:MMI) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.
Metro Mining Limited announced a successful operational update for November 2025, with 783 thousand Wet Metric Tonnes (WMT) of bauxite shipped, marking a 6.5% increase from the previous month. Despite challenges from Tropical Cyclone Fina and maintenance activities, the company remains on track to meet its annual guidance of 6.2 to 6.6 million WMT. This operational success, including a record capesize vessel loading, underscores Metro Mining’s robust performance and its strategic positioning in the bauxite industry.
The most recent analyst rating on (AU:MMI) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.