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Metal Powder Works Limited
(Sydney:MPW)
Metal Powder Works Limited (MPW) vs. iShares MSCI Australia ETF (EWA)
Metal Powder Works Limited Business Overview & Revenue Model
Metal Powder Works Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.21M | 1.60M | 2.21M | 3.10M | 3.70M | 1.56M |
| Gross Profit | 823.97K | 334.84K | 823.97K | 1.59M | 2.28M | 780.67K |
| EBITDA | -2.70M | -5.56M | -722.93K | -5.33M | -6.15M | -4.24M |
| Net Income | -1.15M | -6.19M | -1.15M | -6.43M | -5.96M | -4.48M |
Balance Sheet | ||||||
| Total Assets | 3.48M | 10.33M | 3.48M | 5.48M | 6.84M | 7.25M |
| Cash, Cash Equivalents and Short-Term Investments | 301.23K | 6.31M | 301.23K | 1.56M | 3.77M | 5.10M |
| Total Debt | 3.56M | 1.07M | 3.56M | 3.51M | 437.32K | 85.21K |
| Total Liabilities | 4.49M | 2.10M | 4.49M | 6.72M | 2.19M | 1.33M |
| Stockholders Equity | -1.01M | 8.22M | -1.01M | -1.23M | 4.65M | 5.92M |
Cash Flow | ||||||
| Free Cash Flow | -2.02M | -3.07M | -2.02M | -4.79M | -4.84M | -4.00M |
| Operating Cash Flow | -1.98M | -2.54M | -1.98M | -4.53M | -4.68M | -3.77M |
| Investing Cash Flow | 109.33K | -301.04K | 109.33K | -266.02K | -154.53K | -272.17K |
| Financing Cash Flow | 1.35M | 8.96M | 1.35M | 1.88M | 3.50M | 5.61M |
Metal Powder Works Limited Technical Analysis
Metal Powder Works Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$184.85M | 12.56 | 11.37% | 4.59% | 1.33% | -11.07% | |
69 Neutral | AU$448.51M | 31.31 | 76.78% | 1.49% | 91.96% | 109.56% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | AU$106.39M | 32.66 | 5.66% | 1.28% | -14.88% | -56.89% | |
47 Neutral | AU$351.13M | -15.67 | -171.79% | ― | -27.57% | 24.54% | |
41 Neutral | AU$104.98M | -12.18 | -35.18% | ― | 0.88% | 4.88% |
Metal Powder Works Limited Corporate Events
Macquarie Group Limited and its controlled entities have lodged a formal notice that they have ceased to be a substantial holder in Metal Powder Works Limited, as required under Australian corporations law. The change signals that Macquarie’s aggregate voting interest in Metal Powder Works has fallen below the substantial holding threshold, potentially reducing the presence of a major institutional investor on the company’s register and indicating a shift in its shareholder base that investors may monitor for implications on liquidity and market perception.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has disclosed that UBS Group AG and its related bodies corporate have ceased to be substantial shareholders in the company as of 6 January 2026. The change in UBS’s relevant interest in the company’s voting securities, detailed in an accompanying appendix, signals a complete exit from a substantial holding position and may alter Metal Powder Works’ share register composition and investor base, with potential implications for market perception and future institutional support.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has issued a correction to a previously lodged Change of Director’s Interest Notice relating to Managing Director John Barnes, clarifying that Metal Powder Holdings LLC holds 750,000 Performance Rights in each of the D, E, F and G classes. The updated disclosure, authorised by the company secretary, ensures accurate reporting of director-related securities and reinforces the company’s compliance with ASX corporate governance and transparency requirements.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has disclosed changes to director Stuart Carmichael’s relevant interests in the company’s securities, lodged with the ASX in accordance with listing rule 3.19A.2. Through various entities associated with him, Carmichael has acquired 280,770 ordinary shares and 1.2 million new performance rights across four new classes (D, E, F and G), while disposing of a total of 46,155 performance rights from existing Classes A, B and C, reflecting a significant reshaping and expansion of his performance-based equity exposure and signalling ongoing alignment of his incentives with the company’s future performance.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited, listed on the ASX under the code MPW, has reported a change in its issued capital structure, though the announcement does not specify the company’s underlying industry or core products. The company notified the market that 92,310 performance rights (ASX code MPWAE) have lapsed following the expiry of these convertible securities without exercise on 23 December 2025, slightly reducing the pool of potential future equity and clarifying the current capital position for shareholders and investors.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has updated its application for quotation of securities on the ASX, confirming details under its issuer code MPW and Australian Business Number 28158307549. The company clarified that the relevant securities are subject to a voluntary escrow with a holding lock applied, but are not under ASX-imposed escrow, a distinction that may affect how and when existing holders can trade these securities while still signalling that regulatory escrow conditions by the exchange are not in place.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has issued 6 million unquoted performance rights under its employee incentive scheme, with the securities not intended to be listed on the ASX. The new performance rights, issued on 29 December 2025, form part of the company’s remuneration and retention strategy, potentially aligning staff incentives more closely with long-term corporate performance and shareholder interests.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has established an Employee Securities Incentive Plan, setting out a structured framework for granting securities and convertible securities to eligible employees and related participants. The plan details eligibility criteria, invitation and application procedures, terms and restrictions on dealing and hedging, vesting conditions, and record-keeping requirements, underscoring the company’s intention to use equity-based incentives to align employee interests with shareholders and support its long-term corporate and capital management strategy.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has received approval to quote a new class of escrowed shares on the ASX, issued as director shares previously approved at the company’s Annual General Meeting. The company will list 1,375,000 escrowed shares, dated 29 December 2025 with escrow ending 29 December 2026, a move that formalizes director equity issuance and modestly expands its quoted capital base, potentially aligning management incentives more closely with shareholders ahead of the escrow expiry.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has applied to the ASX for quotation of 250 additional fully paid ordinary shares, issued on 24 December 2025 under its existing capital management framework. The small-sized issuance, lodged via an Appendix 2A, marginally increases the company’s quoted capital base and follows transactions previously flagged to the market in an Appendix 3B, signaling ongoing routine management of its listed securities rather than a major strategic shift.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has applied to the ASX for quotation of 92,310 new ordinary fully paid shares under its issuer code MPW. The additional securities, issued on 24 December 2025, modestly increase the company’s quoted capital base and may reflect the exercise of options or conversion of existing instruments, signalling incremental capital raising or balance sheet restructuring rather than a major change in operations.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has lodged a notice of a proposed non‑pro rata offer of up to 250 ordinary fully paid shares to be issued under a disclosure document or product disclosure statement, with acceptances closing and securities expected to be issued on 29 December 2025. The modest-sized equity issuance signals a targeted capital-raising move that will slightly expand the company’s share base and may provide incremental funding while not materially diluting existing shareholders, and the company has applied for quotation of the new securities on the ASX once issued.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has issued a cleansing prospectus under Australian corporations law to remove trading restrictions on 92,310 shares to be created from the conversion of certain performance rights. The prospectus also includes a small, targeted offer of up to 250 shares at $2.00 each, raising a maximum of $500 before costs from selected investors rather than the general public, streamlining the trading of new equity while minimally diluting existing shareholders and supporting the company’s capital management around its advanced metal powder technology portfolio.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has lodged a prospectus to facilitate an offer of 250 shares at an issue price of A$2.00 each, targeting the removal of trading restrictions on shares issued before the closing date under section 708A(11) of the Corporations Act. The company characterises the investment as speculative and emphasises that the prospectus outlines the background and purpose of the offer, its impact on the company’s capital structure, associated risk factors, and shareholder rights, signalling a formal step to enhance liquidity and tradability for existing shareholders while adhering to regulatory disclosure requirements.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has released a presentation providing an overview of its current prospects and proposed development strategy. The announcement highlights the company’s strategic direction and acknowledges the inherent risks and uncertainties in forward-looking statements, emphasizing the need for independent assessment by stakeholders.
The most recent analyst rating on (AU:MPW) stock is a Sell with a A$2.00 price target. To see the full list of analyst forecasts on K-TIG Ltd stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has entered into a Powder Partnership Agreement with Austal USA, a subsidiary of Australia’s largest shipbuilder, Austal Limited. This partnership will leverage MPW’s DirectPowder™ Process to develop custom metal powder specifications for Austal USA’s additive manufacturing operations, particularly for the US Navy’s Additive Manufacturing Center of Excellence. The collaboration positions MPW within a strategic US Navy supply chain initiative, enhancing its market presence amid growing Department of Defense investments in additive manufacturing. The agreement sets the stage for a potential commercial offtake agreement, which would establish ongoing powder supply terms, thereby strengthening MPW’s role in the defense manufacturing sector.
The most recent analyst rating on (AU:MPW) stock is a Sell with a A$2.00 price target. To see the full list of analyst forecasts on K-TIG Ltd stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited will host an investor webinar on December 17, 2025, to review its 2025 performance and discuss strategic priorities for 2026 and beyond. The webinar, led by Founder & Managing Director John Barnes, will cover key operational and commercial developments and include a live Q&A session. This event reflects MPW’s commitment to transparency and engagement with stakeholders, potentially impacting its market positioning and investor relations.
The most recent analyst rating on (AU:MPW) stock is a Sell with a A$2.00 price target. To see the full list of analyst forecasts on K-TIG Ltd stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has announced a significant expansion into the precious metal powders market with the successful production of high-purity silver powder using its patented DirectPowder™ process. This development positions MPW to supply critical industries such as electronics and vehicle electrification, enhancing domestic supply chains amid global market shifts. The company’s entry into the silver powder market aligns with its strategy to diversify into higher-margin products, leveraging its superior yield technology to offer competitive pricing and attractive margins. The global silver powder market is projected to exceed USD 2.1 billion by 2033, presenting a substantial growth opportunity for MPW.
The most recent analyst rating on (AU:MPW) stock is a Sell with a A$2.00 price target. To see the full list of analyst forecasts on K-TIG Ltd stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited announced that all resolutions presented at its Annual General Meeting were carried by a poll, including a special resolution. This outcome reflects shareholder support for the company’s strategic direction and governance. The successful resolutions, including director elections and ratifications, indicate stability and continuity in leadership, which may positively impact the company’s operations and stakeholder confidence.
The most recent analyst rating on (AU:MPW) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on K-TIG Ltd stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited presented an overview of its current prospects and proposed development strategy. The presentation, intended for personal use, contains forward-looking statements and emphasizes that the information may not be comprehensive or up-to-date. Stakeholders are advised to conduct independent assessments as the presentation does not constitute financial advice.
The most recent analyst rating on (AU:MPW) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on K-TIG Ltd stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has reported a transformative year following its re-listing on the ASX, achieving significant operational milestones including doubling production capacity and expanding its product range to over 20 alloy powders. The company has secured new contracts with industry leaders and delivered its first mobile DirectPowder™ unit to the U.S. Navy, marking its entry into the defense sector. Financially, MPW is well-capitalized, having raised A$15 million, and is positioned to accelerate production and scale operations. The company aims to expand the commercial adoption of its DirectPowder™ technology, which offers superior performance and cost advantages over traditional methods.
The most recent analyst rating on (AU:MPW) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on K-TIG Ltd stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has experienced a significant increase in demand for its commercially pure titanium (CP-Ti) powder, adding five new customers in the current quarter. The company’s DirectPowder™ technology has been validated by multiple customers for its superior mechanical performance and cost efficiency, leading to expanded qualification programs and increased visibility of future revenue streams. This growth is driven by high-demand industries such as aerospace, defense, and chemical processing, with the global market for CP-Ti powder projected to reach US$4 billion by 2033.
The most recent analyst rating on (AU:MPW) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on K-TIG Ltd stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has announced a significant commercial milestone through its collaboration with Hardchrome Engineering. The partnership has resulted in the successful market entry of MPW’s bronze powder solutions for laser cladding applications, with expected sales of USD 1-2 million over the next 12 months. This achievement highlights MPW’s competitive cost advantage and rapid innovation capabilities, positioning the company to capture additional market opportunities in the growing laser cladding market, which is projected to reach approximately USD 1.4 billion by 2030.
The most recent analyst rating on (AU:MPW) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on K-TIG Ltd stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has signed a new contract with Westinghouse Electric Company to optimize powder performance for nuclear applications, building on a previous phase of collaboration. This agreement underscores MPW’s technical capabilities and strengthens its strategic relationship with a leading player in the nuclear energy sector. The contract, while not financially material, is strategically significant as it aligns with the growing nuclear sector and additive manufacturing market, which are projected to expand significantly in the coming years. This partnership positions MPW as a key supplier in the nuclear industry, with potential implications for its operations and market positioning.
The most recent analyst rating on (AU:MPW) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on K-TIG Ltd stock, see the AU:MPW Stock Forecast page.
Metal Powder Works Limited has announced its Annual General Meeting scheduled for November 28, 2025, in Perth, Western Australia. The meeting will cover the company’s annual report, a non-binding resolution on the remuneration report, and the re-election of Non-Executive Director Darryl Abotomey. Shareholders are encouraged to participate and vote, with eligibility determined by registration on November 26, 2025.
Metal Powder Works Limited, listed on the ASX under the ticker MPW, has announced its upcoming Annual General Meeting scheduled for November 28, 2025, at the offices of Automic Group in Perth, WA. Shareholders are encouraged to access meeting documents electronically, with the company emphasizing the use of directed proxy forms prior to the meeting. This move highlights the company’s commitment to digital communication and efficient shareholder engagement.
Metal Powder Works Limited has reported significant growth in its September 2025 quarterly report, highlighted by a $1 million AUD sale of its expeditionary DirectPowder™ production unit to the US Navy, which positions the company as a key player in defense additive manufacturing. The company has expanded its customer base by 50% since March 2025, developed four new metal powders, and achieved a gross margin of over 50%. Additionally, MPW has secured validation programs for copper alloys and entered the global laser cladding market, with a strong cash balance of $19.3 million AUD and a successful capital raise of $15 million AUD to support its growth strategy.
Metal Powder Works Limited has announced an upcoming investor webinar scheduled for October 21, 2025, to discuss its September 2025 quarterly results. The webinar, led by Founder & Managing Director John Barnes, will cover the company’s recent performance and key developments, followed by a live Q&A session. This event highlights MPW’s commitment to transparency and engagement with stakeholders, potentially impacting its market positioning and investor relations.