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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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ― |
| Gross Profit | -34.35K | -34.35K | -12.33K | -8.61K | -9.50K | ― |
| EBITDA | -2.82M | -2.82M | -1.53M | -8.47M | -1.66M | -1.13M |
| Net Income | -6.90M | -6.90M | -1.74M | -6.37M | -1.30M | -1.13M |
Balance Sheet | ||||||
| Total Assets | 4.38M | 4.38M | 784.67K | 1.43M | 6.19M | 671.70K |
| Cash, Cash Equivalents and Short-Term Investments | 3.46M | 3.46M | 548.15K | 1.19M | 1.81M | 575.02K |
| Total Debt | 4.11M | 4.11M | 6.52M | 3.85M | 5.53M | 0.00 |
| Total Liabilities | 9.90M | 9.90M | 9.45M | 8.22M | 7.55M | 621.25K |
| Stockholders Equity | 1.24M | 1.24M | -2.37M | -839.87K | 2.22M | 50.44K |
Cash Flow | ||||||
| Free Cash Flow | -2.28M | -2.28M | -1.54M | -3.48M | -2.00M | -983.88K |
| Operating Cash Flow | -1.92M | -1.92M | -1.49M | -3.47M | -1.56M | -983.88K |
| Investing Cash Flow | -781.04K | -781.04K | -54.17K | -7.02K | -439.95K | 0.00 |
| Financing Cash Flow | 5.51M | 5.51M | 903.50K | 2.89M | 3.26M | 0.00 |
PhosCo Ltd Technical Analysis
PhosCo Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$70.03M | -6.78 | ― | ― | ― | -268.97% | |
49 Neutral | AU$52.96M | -6.84 | -353.96% | ― | ― | ― | |
45 Neutral | AU$29.81M | -6.25 | -32.52% | ― | ― | ― | |
44 Neutral | AU$25.79M | -0.47 | -87.86% | ― | ― | -727.17% | |
42 Neutral | AU$12.34M | -6.43 | ― | ― | ― | 93.44% | |
40 Underperform | AU$25.60M | ― | ― | ― | ― | ― |
PhosCo Ltd Corporate Events
PhosCo Ltd has applied for quotation on the ASX of 2,649,052 new fully paid ordinary shares under ticker code PHO. The additional securities, issued on 23 December 2025 following the exercise or conversion of existing instruments, will expand the company’s quoted share capital and marginally increase its free float, with associated implications for existing shareholders’ dilution and trading liquidity.
PhosCo Ltd has notified the market that it will issue 90 million unquoted options (ASX code PHOAA) exercisable at A$0.05 and expiring on 31 January 2028. The issuance of these unquoted equity securities, previously flagged to the market, increases the company’s pool of potential future share capital and may provide additional incentive or funding flexibility for stakeholders without immediately diluting existing quoted shares.
PhosCo Ltd has reported the results of its 19 December 2025 general meeting, where shareholders voted on resolutions relating to the company’s capital structure. The meeting saw overwhelming support for both the ratification of previously issued first tranche options and the approval to issue a second tranche of options, with each resolution receiving approximately 99.95% of votes in favour on the poll, reinforcing shareholder backing for the company’s current financing and incentive arrangements.
PhosCo Ltd announced significant progress in resource growth drilling at the SAB prospect within its Gasaat Phosphate Project in Tunisia. The completion of a six-hole drilling program, with promising intercepts of phosphate, is expected to contribute to a maiden resource estimate in early 2026. Alongside the KM prospect, these developments aim to enhance the project’s economic feasibility, support early-stage production, and strengthen PhosCo’s strategic position in meeting the growing demand for phosphate in resilient agricultural supply chains.
PhosCo Ltd announced a change in the director’s interest, specifically for Tarecq Elias Aldaoud, who is a director and beneficiary of Smongo Pty Ltd and Aldaoud Pty Ltd. The change involved the acquisition of 3,262,874 fully paid ordinary shares and the exercise of 5,000,000 performance rights, resulting in a total holding of 94,881,347 fully paid ordinary shares. This adjustment was made through the issue of shares in lieu of annual salary and the exercise of vested performance rights, as approved by shareholders at the company’s recent Annual General Meeting. This move reflects the company’s strategic approach to aligning director incentives with shareholder interests, potentially impacting stakeholder perceptions and the company’s market positioning.
PhosCo Ltd has issued a total of 19,446,766 fully paid ordinary shares as part of its financial operations. These shares were distributed in various ways, including in lieu of services and salaries, as well as through the exercise of performance rights under the company’s Employee Incentive Plan. This move reflects PhosCo’s strategic approach to managing its financial resources and compensating its stakeholders, potentially impacting its market positioning and operational dynamics.
PhosCo Ltd has announced the issuance of 2,245,195 ordinary fully paid shares on December 2, 2025. These shares are issued in lieu of cash for services by suppliers and to a former Director, Mr. Simon Eley, for directors’ fees, reflecting a strategic move to manage cash flow and stakeholder relations.
PhosCo Ltd has announced the quotation of 1,114,596 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective November 24, 2025. This move is part of the company’s strategic efforts to enhance its capital structure and provide liquidity, potentially strengthening its market position and offering benefits to its stakeholders.
PhosCo Ltd held its Annual General Meeting on November 20, 2025, where several key resolutions were passed. These included the adoption of the remuneration report, the election and re-election of directors, and the approval of share issues to directors and related parties. The approval of a 10% placement facility was also carried, indicating strong shareholder support for the company’s strategic initiatives. These resolutions are likely to impact the company’s governance and capital structure positively, reinforcing its market position and potentially enhancing shareholder value.
PhosCo Ltd has provided an update on its Gasaat Phosphate Project, highlighting its strategic advancements and positioning for future growth. The announcement underscores the project’s potential impact on the company’s operations and market positioning, reinforcing its commitment to sustainable phosphate production.
PhosCo Ltd has announced a virtual General Meeting of Shareholders scheduled for December 19, 2025. Due to recent legislative changes, the company will not be dispatching physical copies of meeting documents unless requested, and shareholders are encouraged to access materials electronically through the company’s website or ASX Market Announcements page. This shift to digital communication reflects a broader trend in corporate governance towards more sustainable and efficient practices, potentially impacting shareholder engagement and participation.
PhosCo Ltd has announced significant drilling results from its KM discovery within the Gasaat Phosphate Project in Tunisia, coinciding with phosphate’s addition to the US Critical Minerals List. The drilling has revealed thick, high-grade phosphate intersections, which are expected to enhance the project’s economics by providing a lower strip ratio and proximity to the proposed plant site. The company plans to release the maiden KM Resource in the new year and update its 2022 Scoping Study to incorporate these findings. The addition of phosphate to the US Critical Minerals List underscores its importance in global food security and supply chain stability, positioning PhosCo favorably in the market.
PhosCo Ltd has announced a change in the director’s interest, specifically involving Robin Anthony Widdup. The notice details the disposal of 2,639,727 unlisted options by Widdup, which were exercisable at $0.05 each and set to expire on May 7, 2027, with a total value of $26,397.27. This change reflects an adjustment in Widdup’s indirect interests through various entities, potentially impacting the company’s governance and shareholder dynamics.
PhosCo Ltd has announced the quotation of 21,412,332 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 3, 2025. This move is expected to enhance the company’s liquidity and potentially attract more investors, thereby strengthening its market position and offering stakeholders increased opportunities for engagement.
PhosCo Ltd has announced the issuance of 60 million unlisted options as part of a previously announced transaction. This move indicates a strategic financial maneuver that could potentially impact the company’s capital structure and provide opportunities for stakeholders, aligning with their broader market strategies.
PhosCo Ltd has announced significant progress in its Gasaat Phosphate Project in Tunisia, highlighting promising drilling results at the KM prospect, which suggest substantial phosphate mineralization. The company is prioritizing project optimization to enhance the project’s economics and has received a $1.8 million grant from the EBRD to advance the project further. These developments are expected to strengthen PhosCo’s position as a low-cost fertilizer producer and potentially fast-track the project’s development timeline.
PhosCo Ltd has announced a proposed issue of 150,000,000 unlisted options, with the issuance date set for November 3, 2025. This move is part of a placement or other type of issue, which could impact the company’s financial strategies and stakeholder interests by potentially increasing capital and altering market dynamics.
PhosCo Ltd has received a €1M grant from the European Bank for Reconstruction and Development (EBRD) to advance its Gasaat Phosphate Project in Tunisia. This funding, combined with an additional $1.1M investment from Managing Director Taz Aldaoud through the exercise of options, will be used to optimize the project ahead of a bankable feasibility study. The initiatives include incorporating the KM discovery into the resource, which is expected to enhance the project’s economics. The grant and investment reflect confidence in the project’s potential to significantly contribute to Tunisia’s economy and position PhosCo as a competitive player in the fertilizer market.
PhosCo Ltd has announced significant drilling results from its Gasaat Phosphate Project in Tunisia, particularly at the KM prospect. The latest drilling has revealed a 50.5-meter intersection of phosphate rock, which extends the known mineralization by 80 meters and is expected to improve project economics due to its low strip ratio and proximity to the proposed plant site. The results have prompted PhosCo to consider accelerating the KM prospect in their production schedule, alongside the SAB prospect, which is undergoing additional drilling to ensure resource confidence for inclusion in a revised Scoping Study. These developments highlight the potential for early-stage development and cost-effective mining, strengthening PhosCo’s position in the phosphate industry.
PhosCo Ltd has announced a proposed issue of 12,067,792 ordinary fully paid securities, with the issuance date set for December 5, 2025. This move is part of a placement or other type of issue, which could potentially impact the company’s capital structure and market positioning, offering opportunities for growth and expansion within its industry.
PhosCo Ltd has announced its Annual General Meeting (AGM) for shareholders to be held on November 20, 2025, in Melbourne. Due to recent legislative changes, the company will provide meeting materials electronically, allowing shareholders to choose their preferred method of communication. This shift aims to enhance accessibility and streamline communication with stakeholders, reflecting a modern approach to shareholder engagement.