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PhosCo Ltd
(Sydney:PHO)
PhosCo Ltd (PHO) vs. iShares MSCI Australia ETF (EWA)
PhosCo Ltd Business Overview & Revenue Model
PhosCo Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | ― | 0.00 |
| Gross Profit | -9.13K | -12.33K | -8.61K | -9.50K | ― | 0.00 |
| EBITDA | -800.83K | -1.53M | -8.47M | -1.66M | -1.14M | -1.84M |
| Net Income | ― | -1.74M | -6.37M | -1.30M | -1.13M | -1.81M |
Balance Sheet | ||||||
| Total Assets | 897.55K | 784.67K | 1.43M | 6.19M | 671.70K | 1.67M |
| Cash, Cash Equivalents and Short-Term Investments | 716.20K | 548.15K | 1.19M | 1.81M | 575.02K | 1.56M |
| Total Debt | 13.18M | 6.52M | 3.85M | 5.53M | 0.00 | 0.00 |
| Total Liabilities | 14.93M | 9.45M | 8.22M | 7.55M | 621.25K | 586.64K |
| Stockholders Equity | -7.18M | -2.37M | -839.87K | 2.22M | 50.44K | 1.09M |
Cash Flow | ||||||
| Free Cash Flow | ― | -1.54M | -3.48M | -2.00M | -983.88K | -1.32M |
| Operating Cash Flow | ― | -1.49M | -3.47M | -1.56M | -983.88K | -1.30M |
| Investing Cash Flow | 0.00 | -54.17K | -7.02K | -439.95K | 0.00 | -20.07K |
| Financing Cash Flow | ― | 903.50K | 2.89M | 3.26M | 0.00 | 2.10M |
PhosCo Ltd Technical Analysis
PhosCo Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.60B | 6.45 | 10.39% | 2.29% | -9.35% | -32.77% | |
62 Neutral | AU$3.12B | 1,418.92 | -36.53% | 12.97% | -28.50% | -532.61% | |
58 Neutral | £12.77B | 56.57 | -3.53% | 3.80% | -19.74% | ― | |
58 Neutral | $3.94B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
48 Neutral | $4.01B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
43 Neutral | AU$1.35B | -6.12 | -40.62% | 4.33% | -4.78% | -43.21% | |
28 Underperform | AU$28.05M | ― | ― | ― | -126.25% |
PhosCo Ltd Corporate Events
PhosCo Limited has made significant progress at its Gasaat Phosphate Project in Tunisia, with the completion of access roads and the mobilization of drilling equipment. The company anticipates that upcoming drilling will expand its phosphate inventory and production capacity, supporting a future Bankable Feasibility Study. Additionally, PhosCo is enhancing its operational infrastructure with a new warehouse and office, and strengthening its team with experienced staff. These developments are part of PhosCo’s strategy to increase its market presence and value as a major player in the global fertilizer industry.
PhosCo Ltd has announced an extension to the maturity date of its converting notes from April 24, 2025, to May 15, 2025, to facilitate the completion of an Entitlement Offer. The interest on these notes will continue to accrue at an annual rate of 10% during this period. The extension does not affect the maximum number of shares and options issuable upon conversion, maintaining the terms approved in previous general meetings. This move is expected to provide the company with additional time to manage its capital raising activities effectively, potentially impacting its financial strategy and stakeholder interests.
PhosCo Ltd has issued a supplementary prospectus to update its original prospectus dated 11 March 2025. The company has extended the closing date for its Entitlement Offer and Oversubscriptions Offer to 1 May 2025 and the maturity date of its Converting Notes to 15 May 2025. This extension allows for an increase in the number of Conversion Options available, from 51,445,206 to 51,718,494, reflecting a 0.53% increase. The supplementary prospectus facilitates the offer of these additional Conversion Options, potentially impacting the company’s financial strategy and investor interest.
PhosCo Ltd has announced an update regarding its proposed issue of securities, specifically extending the closing date for its Entitlement Offer and Oversubscriptions Offer. This extension may provide additional opportunities for stakeholders to participate in the offer, potentially impacting the company’s capital raising efforts and market positioning.
PhosCo Ltd has announced an extension of the closing date for its Non-Renounceable Entitlement Offer and Oversubscriptions Offer, allowing eligible shareholders more time to participate. This extension, now set for May 1, 2025, aims to accommodate shareholders and potentially enhance participation, impacting the company’s capital raising efforts and market positioning.
PhosCo Ltd has announced a non-renounceable entitlement offer to raise approximately $5 million through the issuance of new shares, fully underwritten by Westar Capital Limited. The company is also providing a placement facility for oversubscriptions and conversion options for note holders, but these offers are not extended to shareholders outside Australia, New Zealand, and Guernsey due to compliance costs.
PhosCo Ltd has announced the opening of offers under its recently lodged prospectus, which includes a pro rata, non-renounceable rights issue and several other financial instruments aimed at raising capital. The Entitlement Offer is fully underwritten by Westar Capital Limited, and the company aims to raise approximately $5,035,073 through the issuance of new shares. This move is expected to bolster PhosCo’s financial standing and provide additional investment opportunities for eligible shareholders, potentially impacting the company’s market positioning and shareholder value.
PhosCo Ltd has announced the release of 4,243,956 fully paid ordinary shares from voluntary escrow, effective 28 March 2025. These shares were initially issued without a cleansing notice, leading to escrow arrangements that have now been terminated following the company’s recent prospectus release. This move allows for the onsale of these shares, although it does not alter the company’s issued capital. The decision reflects PhosCo’s strategic approach to enhancing liquidity and shareholder value.
PhosCo Ltd has announced significant developments in its Gasaat and Sekarna Phosphate Projects in Tunisia. The company is undertaking diamond drilling to explore new prospects at Gasaat and has commenced mapping and trenching at Sekarna to define a scout drilling program. With new exploration targets identified, PhosCo aims to expand its existing mineral resource estimates and enhance project economics. The company has secured funding to fast-track these activities and anticipates providing regular updates on its progress. These efforts are part of PhosCo’s strategy to increase production rates and strengthen its position in the global fertilizer market.
PhosCo Ltd has released its interim financial report for the half-year ended 31 December 2024. The report includes various financial statements and declarations, providing insights into the company’s financial performance and position. This release is significant for stakeholders as it offers a comprehensive overview of PhosCo Ltd’s financial health, which could impact its market positioning and strategic decisions.
PhosCo Ltd has announced a series of financial offers, including a non-renounceable rights issue to raise approximately $5 million, fully underwritten by Westar Capital Limited. This initiative, alongside additional oversubscription and conversion options, aims to enhance the company’s capital structure and provide investment opportunities for stakeholders, potentially impacting its market positioning and shareholder value.
PhosCo Ltd has announced a non-renounceable entitlement offer, allowing eligible shareholders to purchase new shares at a set price, aiming to raise approximately $5 million. The company also offers additional shares through an oversubscription facility and conversion options for note holders, which could impact its capital structure and shareholder base.
Lion Selection Group Limited has committed to a $1 million sub-underwriting as part of PhosCo Ltd’s $5 million rights issue, marking a strategic investment in PhosCo’s Tunisian phosphate projects. PhosCo has secured full ownership of the Gasaat Phosphate Project and has signed a mandate letter with the European Bank for Reconstruction & Development for a potential $5 million investment, which will aid in a bankable feasibility study. This development signifies a major transformation for PhosCo, which has regained its Chaketma project interest through legal action, and positions the company to leverage its advanced phosphate assets in a strategic commodity market.
PhosCo Ltd has announced an extension of the maturity date for its converting notes from March 15, 2025, to April 24, 2025, allowing for the completion of an entitlement issue. The interest rate on these notes will remain at 10% per annum, and the conversion terms, including the conversion price and options, remain unchanged, ensuring stability for stakeholders.
PhosCo Ltd has announced a proposed issue of securities, with a maximum of 51,445,206 conversion options set to be issued. The issuance is scheduled for April 17, 2025, and is part of the company’s strategy to enhance its market presence and provide value to its stakeholders by expanding its financial offerings.
PhosCo Ltd has announced a proposed issue of securities, specifically ordinary fully paid shares, with a maximum of 100,701,456 securities to be issued. This non-renounceable pro rata issue is set to have its ex date on March 14, 2025, and the record date on March 17, 2025, with the offer closing on April 10, 2025, and the issue date on April 17, 2025. The announcement indicates a strategic move to raise capital, potentially impacting the company’s financial position and offering stakeholders an opportunity to invest further.
PhosCo Ltd has announced a non-renounceable entitlement offer to raise approximately $6 million, fully underwritten by Westar Capital Limited. The funds will support exploration work, metallurgical testwork, and scoping study updates for the company’s projects, as well as cover offer costs and boost working capital. This initiative is expected to strengthen PhosCo’s operational capabilities and market position, providing opportunities for eligible shareholders in Australia, New Zealand, and Guernsey to participate in the growth of the company.
PhosCo Ltd has secured 100% ownership of the Gasaat Phosphate Project in Tunisia, marking a significant step towards its goal of becoming a global fertiliser supplier. The project, which is double the size of the original Chaketma project, hosts a substantial JORC Resource and is set to commence a major drilling program. The company has launched a fully underwritten A$5.0m entitlement offer and signed a Mandate Letter with the European Bank for Reconstruction & Development for a potential US$5.0m investment, which will aid in the Gasaat Bankable Feasibility Study. This strategic move is expected to expand PhosCo’s resource base, increase production forecasts, and enhance cash flow generation, positioning the company to capitalize on the growing global demand for phosphate.
PhosCo Ltd has announced a series of financial offers aimed at raising capital, including a pro rata rights issue, a placement facility for oversubscriptions, conversion options for note holders, and lead manager options. These offers, fully underwritten by Westar Capital Limited, are intended to raise over $6 million before costs, potentially impacting the company’s financial position and market operations.