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Minbos Resources Limited
(Sydney:MNB)
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Rating:43Neutral
Price Target:
AU$0.02
▲(10.00% Upside)
Action:Reiterated
Date:05/28/26
The score is driven mainly by weak financial performance (minimal revenue, sizable losses, and heavy negative free cash flow indicating ongoing funding needs), partially offset by low leverage and a meaningful equity base. Technical indicators add pressure (below key moving averages with negative MACD), while valuation is hard to justify due to negative earnings and no dividend yield data.
Positive Factors
Low Leverage / Balance Sheet Strength
Reportedly very low debt relative to equity provides a durable cushion against financial distress and supports project development timelines. A conservative capital structure improves ability to secure project financing or bridge funding without immediate insolvency risk, aiding long-term execution.
Negative Factors
Deep Negative Cash Flow
Large and worsening operating and free cash flow deficits indicate the company cannot self-finance development. Persistent cash burn creates structural dependency on external capital, increasing dilution risk and the chance of project delays if funding terms become constrained over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Balance Sheet Strength
Reportedly very low debt relative to equity provides a durable cushion against financial distress and supports project development timelines. A conservative capital structure improves ability to secure project financing or bridge funding without immediate insolvency risk, aiding long-term execution.
Read all positive factors
Minbos Resources Limited (MNB) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$25.56M
Dividend YieldN/A
Average Volume (3M)844.50K
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue GrowthN/A
EPS Growth29.82%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,161,837,600
10 Day Avg. Volume1,185,703
30 Day Avg. Volume844,496
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.74
Price to Sales (P/S)542.92
P/FCF Ratio-1.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Minbos Resources Limited Business Overview & Revenue Model
Company Description
Established in 2009 and headquartered in Subiaco, Australia, Minbos Resources Limited specializes in the exploration and advancement of mineral projects. Its core focus lies in the identification and development of phosphate deposits. The company ...
How the Company Makes Money
Minbos’ intended revenue model is to generate income by producing and selling phosphate-based fertilizer products (and/or phosphate rock or intermediate phosphate products, depending on project configuration) from its Angola phosphate assets into ...
Minbos Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 43.33K | 0.00 | 0.00 | 95.68K | 0.00 |
| Gross Profit | -210.20K | -265.38K | -224.49K | 12.46K | 0.00 |
| EBITDA | -8.32M | -10.32M | -8.20M | -4.30M | -747.22K |
| Net Income | -7.80M | -9.74M | -7.54M | -4.58M | -804.62K |
Balance Sheet | |||||
| Total Assets | 36.78M | 40.73M | 26.28M | 36.78M | 15.18M |
| Cash, Cash Equivalents and Short-Term Investments | 2.29M | 12.86M | 4.60M | 17.47M | 3.64M |
| Total Debt | 751.03K | 750.13K | 57.90K | 125.23K | 158.03K |
| Total Liabilities | 2.11M | 3.61M | 1.91M | 1.16M | 1.54M |
| Stockholders Equity | 32.00M | 35.78M | 25.94M | 35.63M | 13.64M |
Cash Flow | |||||
| Free Cash Flow | -18.42M | -12.87M | -16.27M | -8.49M | -11.46M |
| Operating Cash Flow | -9.28M | -10.32M | -9.51M | -1.61M | -1.99M |
| Investing Cash Flow | -9.30M | -5.16M | -6.77M | -7.83M | -6.99M |
| Financing Cash Flow | 7.83M | 23.78M | 3.09M | 23.74M | 5.74M |
Minbos Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
AU:MNB
Minbos Resources Limited
0.02
-0.02
-50.00%
AU:AGR
Aguia Resources Limited
0.02
-0.01
-36.67%
AU:AMN
Agrimin Limited
0.06
-0.02
-26.32%
Minbos Resources Limited Corporate Events
Minbos Signs US$13.8m Contract to Advance Cabinda Phosphate Plant
Jun 22, 2026
Minbos Resources Limited has signed a US$13.8 million Phase 2 construction contract with Portuguese-Angolan contractor Grupo Arliz for the Cabinda Phosphate Fertilizer Plant in Angola. The deal covers all remaining structural, mechanical, electric...
Minbos names Rob Newbold as CEO to steer Cabinda phosphate project
Jun 17, 2026
Minbos Resources has appointed Rob Newbold as full-time chief executive officer, formalising his role after serving as acting CEO since February 2026 and leading day-to-day operations. The board highlighted his two decades of experience across ind...
Minbos Shareholders Back All Resolutions at 2026 AGM
May 29, 2026
Minbos Resources Limited reported that all 18 resolutions put to shareholders at its Annual General Meeting held on 29 May 2026 were passed on a poll, with two of them carried as special resolutions. The approvals included the remuneration report,...
Minbos Secures IDC Debt Facility and Funding to Advance Cabinda Phosphate Project
May 26, 2026
Minbos Resources has executed the final security agreement for its US$16 million loan facility with the Industrial Development Corporation of South Africa, clearing a key hurdle for accessing project finance. The company has lodged an initial draw...
Minbos seeks ASX quotation for 6 million new employee shares
May 8, 2026
Minbos Resources Limited has applied to the ASX for quotation of 6,000,000 additional ordinary fully paid shares. These shares were issued on 6 May 2026 to an employee of the company as consideration for services rendered.The new shares will be li...
Minbos Issues 6 Million Shares to Employee Under Cleansing Notice
May 8, 2026
Minbos Resources Limited has issued 6 million fully paid ordinary shares to an employee under the terms of their employment agreement, expanding its share capital in line with existing incentives. The company confirmed that the issuance was conduc...
Minbos sets 29 May 2026 AGM with focus on electronic notices and proxy voting
Apr 30, 2026
Minbos Resources has notified shareholders that its Annual General Meeting will be held in Perth on 29 May 2026, with eligibility to vote determined by share registration as of the evening of 27 May 2026. The company is shifting primarily to elect...
Minbos Secures Funding and Advances Construction at Cabinda Phosphate Project
Apr 30, 2026
Minbos Resources reported strong progress on its Cabinda Phosphate Project in Angola during the March 2026 quarter, underpinned by a US$16 million debt facility from South Africa’s Industrial Development Corporation and a US$5.48 million loa...
Minbos Secures Funding to Complete Cabinda Phosphate Fertilizer Plant
Apr 15, 2026
Minbos Resources has secured a US$5.48 million debt term sheet from Banco de Fomento Angola, which, together with an existing US$16 million facility from South Africa’s Industrial Development Corporation, fully funds completion of the Cabind...
Minbos Outlines ‘Fit-for-Purpose’ Governance Framework Aligned to ASX Principles
Mar 31, 2026
Minbos Resources Limited has detailed its current corporate governance framework, confirming it has adopted the ASX Corporate Governance Council’s 4th Edition Principles and Recommendations to the extent appropriate for its size and operatio...
Minbos Resources Releases 2025 Annual Report to Shareholders
Mar 31, 2026
Minbos Resources Limited has released its Annual Report for the year ended 31 December 2025, detailing its consolidated financial performance, position, and cash flows. The report also includes the Chairman’s letter, Directors’ Report,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.