Mineral Commodities Ltd (MRC) AI Stock Analysis

• Market Cap: AU$25.60M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): -1.22
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 984,472,600
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: >-0.01
• Price to Book (P/B): -16.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 159.56
• 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: 40 Underperform
• Price Target: AU$0.03 ▼(-16.67% Downside)

The score is primarily driven by very weak financial performance (revenue collapsing to 0, large losses, and negative equity with a sharply smaller asset base). Technicals are neutral-to-unstable with flat moving averages but extreme RSI, and valuation provides limited support due to negative P/E and no dividend yield data.

Positive Factors

New Sale Agreement

The new sale agreement for Skaland Graphite could improve MRC's financial position, providing capital to stabilize operations and invest in growth.

Battery Minerals Projects

Advancing battery minerals projects positions MRC in the growing battery market, potentially enhancing future revenue streams and market relevance.

Collaboration with Mitsubishi

Partnerships with established firms like Mitsubishi can provide technological and market access advantages, supporting long-term strategic growth.

Negative Factors

Voluntary Administration

Entering voluntary administration indicates severe financial distress, threatening operational continuity and investor confidence in the long term.

Revenue Collapse

A complete revenue collapse severely undermines MRC's ability to sustain operations, impacting its financial health and strategic initiatives.

Negative Equity

Negative equity reflects a weakened balance sheet, increasing financial risk and reducing flexibility to invest in growth or weather downturns.

Mineral Commodities Ltd Business Overview & Revenue Model

Company Description

Mineral Commodities Ltd, together with its subsidiaries, engages in the exploration, development, and evaluation of mineral deposits. The company produces zircon, rutile, garnet, and ilmenite concentrates. It is also involved in graphite mining and processing activities. In addition, the company holds interests in the Tormin mineral sands project located in the Western Cape Province of South Africa; Skaland graphite operation located in the northern Norway on the island of Senja; and Munglinup graphite project located in the Great Southern region of Western Australia. Further, it holds interests in various tenements in Western Australia. Mineral Commodities Ltd was incorporated in 1970 and is headquartered in Belmont, Australia.

How the Company Makes Money

Mineral Commodities Ltd generates revenue through the extraction and sale of mineral products, with key revenue streams stemming from its mining operations. The company mines mineral sands, extracting valuable minerals like zircon, rutile, and ilmenite, which are sold to industrial clients for use in the production of ceramics, paints, and other materials. Additionally, MRC is involved in graphite mining, supplying this critical material to the battery technology sector, which is experiencing growing demand due to the rise of electric vehicles and renewable energy storage solutions. Strategic partnerships and long-term contracts with industrial buyers and manufacturers also play a significant role in the company's earnings, ensuring stable revenue streams.

Mineral Commodities Ltd Financial Statement Overview

Summary

Mineral Commodities Ltd is facing significant financial challenges, including a decline in revenue, negative profitability, and negative equity. The company is experiencing financial distress with negative margins, compounded by cash flow issues.

Income Statement

Mineral Commodities Ltd has experienced a significant decline in revenue from 2020 to 2024. The company reported no revenue in 2024, resulting in negative gross profit and net income. The EBIT and EBITDA margins have been negative, indicating consistent operating losses over the years. There is a worrying trend of declining revenue and rising losses, which are significant red flags for financial health.

Balance Sheet

The company's balance sheet shows negative stockholders' equity in 2024, which suggests financial distress and potential insolvency risk. The debt-to-equity ratio is not calculable due to negative equity, but the presence of significant debt relative to assets and equity poses a potential risk. The equity ratio is negative, reflecting a concerning financial structure. Declining asset base and increasing liabilities further exacerbate the situation.

Cash Flow

Operating cash flow has improved slightly in recent years, but free cash flow remains negative, indicating the company is not generating sufficient cash to cover its capital expenditures. The free cash flow to net income ratio is not favorable, reflecting poor cash generation relative to net losses. The cash flow volatility and persistent negative free cash flow position suggest liquidity challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	41.92M	63.92M	60.46M	82.42M
Gross Profit	0.00	-16.45M	-7.50M	-3.27M	23.65M
EBITDA	-5.82M	-7.22M	-4.50M	5.37M	21.35M
Net Income	-67.66M	-9.95M	-11.18M	-3.31M	13.76M
Balance Sheet
Total Assets	29.29M	115.59M	123.75M	128.72M	116.87M
Cash, Cash Equivalents and Short-Term Investments	863.38K	1.15M	1.87M	6.02M	9.24M
Total Debt	11.13M	8.22M	10.69M	13.23M	7.82M
Total Liabilities	32.71M	28.33M	54.10M	45.27M	37.55M
Stockholders Equity	-3.42M	62.86M	70.53M	83.51M	78.75M
Cash Flow
Free Cash Flow	361.67K	-10.19M	-7.67M	-16.45M	-3.91M
Operating Cash Flow	382.37K	-10.14M	1.49M	4.75M	3.99M
Investing Cash Flow	1.32M	-6.81M	-5.63M	-14.96M	-9.33M
Financing Cash Flow	-1.50M	16.74M	-340.71K	8.36M	1.85M

Mineral Commodities Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Neutral
• RSI: Negative
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MRC, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Neutral momentum. The RSI at 100.00 is Negative, neither overbought nor oversold. The STOCH value of 0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MRC.

Mineral Commodities 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%
POD	49 Neutral	AU$90.86M	-29.03	-6.45%	―	―	39.22%
SHN	47 Neutral	AU$67.02M	-20.00	-15.05%	―	―	76.36%
AEV	45 Neutral	AU$34.07M	-6.25	-32.52%	―	―	―
DES	43 Neutral	AU$40.13M	-5.49	-26.16%	―	―	-43.68%
MRC	40 Underperform	AU$25.60M	―	―	―	―	―
G6M	37 Underperform	AU$25.10M	-1.07	―	―	71.37%	82.48%

Mineral Commodities Ltd Corporate Events

Mineral Commodities Ltd Under Voluntary Administration Amid Financial Challenges

Mineral Commodities Ltd has appointed McGrathNicol Restructuring as voluntary administrators, as per section 436A of the Corporations Act 2001. This comes after financial challenges faced by the company and certain subsidiaries. While the Skaland Graphite mine’s operations in Norway remain unaffected, the administrators will evaluate the prospects of selling or recapitalizing the businesses. Additionally, MRC’s shares will remain suspended during this period, and an initial creditors’ meeting will be held by early January 2026 to discuss the next steps.

Mineral Commodities Ltd Announces New Sale Agreement for Skaland Graphite

Mineral Commodities Ltd has terminated its share purchase agreement with Norge Mineraler Holding AS for the sale of its subsidiary, Skaland Graphite AS, due to a failure to complete the transaction on time. The company has now entered a new agreement with LNS Holding AS for the sale of Skaland, with a purchase price of USD 11.5 million. The transaction is subject to several conditions, including due diligence and regulatory approvals, with completion expected in early 2026. This move could potentially strengthen MRC’s financial position and align Skaland with a company experienced in Arctic and challenging environments.

Mineral Commodities Ltd Advances Battery Minerals Projects Amid Skaland Sale Delays

Mineral Commodities Ltd has reported several key developments in its quarterly activities report for September 2025. The company is dealing with the delayed completion of the sale of Skaland Graphite AS, which has affected project spending and timelines. Discussions are ongoing with joint venture partners regarding the Munglinup Graphite Project, with the potential for MRC to acquire full ownership. The company remains focused on advancing its battery minerals projects, including the pilot-scale battery anode plant, and is collaborating with Mitsubishi Chemical Corporation and CSIRO.