Pacific Lime and Cement Limited (PLA) AI Stock Analysis

• Market Cap: AU$213.77M
• Dividend Yield: N/A
• Average Volume (3M): 508.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.29
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 855,062,700
• 10 Day Avg. Volume: 676,990
• 30 Day Avg. Volume: 508,236
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: AU$0.50
• Price Target Upside: 61.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.01
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: AU$0.26 ▼(-17.42% Downside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

Overall score reflects weak operating/cash-flow quality (persistent negative EBITDA and worsening negative free cash flow) and soft technical momentum (price below key moving averages and negative MACD). Low leverage and improved net income provide some support, but limited revenue and valuation visibility keep the risk profile elevated.

Positive Factors

Balance sheet health

Very low debt-to-equity (~0.05) and an expanded equity base materially reduce financial distress risk. Over a multi-month horizon this improves funding optionality, lowers interest burden and gives management flexibility to pursue restructuring, capex or working capital without immediate refinancing pressure.

Improving net income

A transition to a reported small profit in 2025 signals improved cost control or non-operating support and demonstrates potential for positive earnings momentum. If sustained, this can underpin improved retained earnings, reduce dependence on external capital and support gradual normalization of operations.

Larger capital buffer

A materially larger equity base increases the company’s loss-absorption capacity and protects creditors. Over 2–6 months this structural capitalization improvement reduces insolvency risk and supports strategic flexibility, including funding turnaround initiatives without immediate dilutive financings.

Negative Factors

Weak cash generation

Persistent and worsening negative free cash flow indicates ongoing cash burn and limited internal funding of operations. Structurally, this raises the probability of future external financing, constrains reinvestment in the core business, and heightens execution risk across strategy and operations.

Opaque revenue reporting

Reported zero revenue and operating cash flow undermine basic visibility into the core business model and recurring demand. Over the medium term this prevents reliable margin or growth forecasting, complicates performance accountability, and makes long-term sustainability assessments highly uncertain.

Weak returns on capital

Volatile and generally negative ROE historically indicates poor asset productivity and inconsistent profitability. Structurally, low returns challenge the company’s ability to generate shareholder value, deter long-term investment, and suggest that existing asset base or operations require fundamental turnaround to reach sustainable returns.

Pacific Lime and Cement Limited Business Overview & Revenue Model

Company Description

Pacific Lime and Cement Limited, an investment holding company, engages in the exploration and evaluation of mineral resources. It operates through Cement and Lime, Iron and Industrial Sands, Coal and Power, and Renewables segments. The Cement and Lime segment includes limestone; and the Central Cement and Lime Project. The Iron and Industrial Sands segment consisting of construction sands, magnetite sand, and heavy mineral sands located in Papua New Guinea. The Coal and Power segment operates the Depot Creek coal resource in the Gulf Project of Papua New Guinea. The Renewables segment invests in forestry carbon credit projects. It also engages in the steel and power generation activities. The company was formerly known as Mayur Resources Limited and changed its name to Pacific Lime and Cement Limited in July 2025. Pacific Lime and Cement Limited was founded in 2011 and is based in Brisbane, Australia.

How the Company Makes Money

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Pacific Lime and Cement Limited Financial Statement Overview

Summary

Financials are mixed but overall cautious: net income improved to a small profit in 2025, and the balance sheet shows low leverage (debt-to-equity ~0.05) with a larger equity buffer. Offsetting this, EBITDA remains deeply negative, free cash flow is consistently negative and worsened in 2025, and revenue/operating cash flow are reported as zero, limiting confidence in sustainable operating strength.

Income Statement

Earnings have improved materially: net income swung from losses in 2022–2024 to a small profit in 2025, indicating better cost control or non-operating support. However, profitability quality remains weak because EBITDA is still deeply negative in 2025 (and negative in prior years), and the revenue line is reported as zero across all periods, limiting visibility into true operating momentum and margin durability.

Balance Sheet

The balance sheet is a relative strength: leverage is low in 2025 with debt-to-equity around 0.05, and equity has expanded sharply versus prior years, providing a larger capital buffer. Offsetting this, returns on equity have been volatile and mostly negative historically, and the large equity increase alongside limited revenue disclosure makes underlying asset productivity harder to validate.

Cash Flow

Cash generation is a key concern: free cash flow is consistently negative and deteriorated in 2025 (more negative than 2024), implying ongoing cash burn and potential funding needs. Operating cash flow is reported at zero in each year, which provides little evidence of internally funded operations and reduces confidence in near-term self-sufficiency.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00
EBITDA	-13.41M	-6.34M	-7.14M	-6.50M
Net Income	271.25K	-5.43M	-13.24M	-15.62M
Balance Sheet
Total Assets	171.76M	62.00M	42.74M	42.19M
Cash, Cash Equivalents and Short-Term Investments	80.34M	6.80M	4.14M	3.05M
Total Debt	8.47M	12.98M	2.79M	0.00
Total Liabilities	16.85M	17.56M	8.91M	6.54M
Stockholders Equity	154.91M	44.44M	33.83M	35.65M
Cash Flow
Free Cash Flow	-22.68M	-14.48M	-8.08M	-7.94M
Operating Cash Flow	0.00	0.00	0.00	0.00
Investing Cash Flow	-59.58M	-9.43M	-4.04M	60.30K
Financing Cash Flow	99.49M	17.10M	9.55M	2.40M

Pacific Lime and Cement Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAA	69 Neutral	AU$186.00M	2.43	15.06%	3.09%	3.57%	14.89%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CTM	51 Neutral	AU$291.01M	-4.82	-53.29%	―	―	―
DRE	47 Neutral	AU$124.13M	-21.61	-10.82%	―	―	-166.67%
WTM	47 Neutral	AU$176.28M	-2.46	-215.00%	―	―	―
PLA	43 Neutral	AU$213.77M	―	0.27%	―	―	―
OMH	41 Neutral	AU$198.72M	55.21	0.70%	1.54%	14.64%	-213.25%

Pacific Lime and Cement Limited Corporate Events

Pacific Lime and Cement Seeks ASX Quotation for 5.15 Million New CDIs

Pacific Lime and Cement Limited has applied for quotation on the ASX of 5,150,000 new CHESS Depositary Interests on a 1:1 basis, with an issue date of March 11, 2026. The additional securities, issued following the exercise or conversion of existing instruments, will expand the company’s listed float and may enhance liquidity for shareholders while supporting future corporate and capital management activities.

The most recent analyst rating on (AU:PLA) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Pacific Lime and Cement Limited stock, see the AU:PLA Stock Forecast page.

Pacific Lime and Cement Sets AGM to Vote on Performance-Linked Executive Incentives

Pacific Lime and Cement Limited has called a virtual annual general meeting for 24 March 2026, setting out detailed procedures for CHESS Depositary Interest holders to lodge proxy voting instructions ahead of the event. The company is seeking shareholder approval for the allotment of a substantial package of long-term incentive performance rights and options to senior executives and directors, all tied to the company’s 30-day volume-weighted average share price reaching or exceeding A$0.70, underscoring a push to align management rewards with market performance and shareholder value.

The most recent analyst rating on (AU:PLA) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Pacific Lime and Cement Limited stock, see the AU:PLA Stock Forecast page.

Pacific Lime and Cement to List 850,000 New CDIs on ASX

Pacific Lime and Cement Limited has applied for quotation of additional securities on the Australian Securities Exchange, seeking to list 850,000 CHESS Depositary Interests on a 1:1 basis under the ticker PLA. The issuance, dated 27 February 2026, modestly expands the company’s tradable equity base and may enhance liquidity for investors while supporting the company’s capital management and potential funding flexibility.

The move reflects a routine capital markets action that could incrementally strengthen Pacific Lime and Cement’s presence on the ASX without immediately altering its core operations in lime and cement production. For shareholders and prospective investors, the additional quoted securities broaden participation in the company’s equity, potentially improving market depth and pricing efficiency over time.

The most recent analyst rating on (AU:PLA) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Pacific Lime and Cement Limited stock, see the AU:PLA Stock Forecast page.

Pacific Lime and Cement Seeks ASX Quotation for 500,000 New CDIs

Pacific Lime and Cement Limited has applied to the ASX for quotation of 500,000 new CHESS Depositary Interests on a 1:1 basis with underlying shares, effective 23 February 2026. The additional securities increase the company’s freely tradable equity base, potentially enhancing liquidity for investors and signalling ongoing capital structuring activity as it executes its business strategy.

The move modestly expands Pacific Lime and Cement’s presence in the public market and may support future financing flexibility if investor demand emerges. While the issuance size is limited, the listing of these securities provides another avenue for stakeholders to adjust their holdings and could gradually contribute to deeper trading volumes in PLA over time.

The most recent analyst rating on (AU:PLA) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Pacific Lime and Cement Limited stock, see the AU:PLA Stock Forecast page.

Pacific Lime and Cement Expands ASX-Quoted Securities Base

Pacific Lime and Cement Limited has applied for quotation on the ASX of 725,000 new CHESS Depositary Interests on a 1:1 basis, with an issue date of February 20, 2026. The additional securities, arising from exercised options or converted instruments, modestly expand the company’s listed equity base and may enhance liquidity for existing and new shareholders.

The move signals ongoing capital-market activity by Pacific Lime and Cement Limited as it supports its operational and growth agenda in the construction materials industry. Increased tradable securities can improve market depth and price discovery for PLA, potentially making the stock more attractive to institutional and retail investors.

The most recent analyst rating on (AU:PLA) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on Pacific Lime and Cement Limited stock, see the AU:PLA Stock Forecast page.

Pacific Lime and Cement Seeks Quotation for 187,500 New CDIs on ASX

Pacific Lime and Cement Limited has applied for quotation of 187,500 new CHESS Depositary Interests on the Australian Securities Exchange, each representing a 1:1 interest in the underlying securities. The issuance, dated 10 February 2026, modestly expands the company’s listed security base, potentially enhancing liquidity for shareholders and supporting its capital management activities.

The application reflects the company’s use of equity markets to manage its funding structure while maintaining compliance with ASX listing requirements. Although the filing provides limited operational detail, the additional quoted securities may incrementally improve market visibility and tradability of Pacific Lime and Cement Limited’s stock for existing and prospective investors.

The most recent analyst rating on (AU:PLA) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on Pacific Lime and Cement Limited stock, see the AU:PLA Stock Forecast page.

Pacific Lime and Cement Seeks ASX Quotation for 906,017 New CDIs Issued Under Staff Scheme

Pacific Lime and Cement Limited has applied for quotation on the ASX of 906,017 new CHESS Depositary Interests (CDIs) on a 1:1 basis, issued under an employee incentive scheme. The move modestly increases the company’s freely tradable securities and reflects the use of equity-based remuneration to align staff interests with shareholders, potentially strengthening employee retention and engagement without a major dilutionary impact on existing investors.

The most recent analyst rating on (AU:PLA) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Pacific Lime and Cement Limited stock, see the AU:PLA Stock Forecast page.

Pacific Lime and Cement Keeps Central Lime Project on Schedule and Budget

Pacific Lime and Cement Limited reported that construction at its Central Lime Project in Papua New Guinea advanced strongly through November and December 2025, with overall progress on schedule and costs in line with the approved budget. Key milestones included rapid progress on bulk earthworks, drainage and platform formation, advancement of kiln foundation works after completing geotechnical investigations, continued development of the 27.6 km access road to Port Moresby, and the transition of Phase 3 of the wharf into procurement while keeping the port operational. The company also accelerated mobilisation of heavy construction equipment, including large cranes for piling and foundation works, and advanced camp, workshop and support facilities to accommodate a growing workforce. Management reiterated confidence in the project schedule and confirmed that first production remains targeted within the planned 18‑month development window to early 2027, underscoring the project’s importance to the company’s growth and its emerging role in regional construction supply chains.

The most recent analyst rating on (AU:PLA) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Pacific Lime and Cement Limited stock, see the AU:PLA Stock Forecast page.

Pacific Lime and Cement strengthens PNG growth push with new cement CEO

Pacific Lime and Cement Limited has appointed industry veteran Kevin Savory as Chief Executive Officer – Cement, effective 12 January 2026, to work alongside CEO – Lime John McBride and the company’s advisory board as it advances its cement strategy in Papua New Guinea. With more than three decades of senior leadership across lime, cement, construction materials and large-scale infrastructure in Australia, PNG and the broader Asia-Pacific, including prior leadership of Mayur Resources’ cement and lime business and senior roles at Cement Australia, Holcim and CRH’s Infrastructure Products Australia, Savory is expected to bolster PLC’s operational execution and growth ambitions, particularly as its quicklime construction progresses and the group positions itself as a key low‑carbon building materials supplier in the region.

The most recent analyst rating on (AU:PLA) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Pacific Lime and Cement Limited stock, see the AU:PLA Stock Forecast page.

Pacific Lime and Cement Director’s Incentive Rights Lapse After Vesting Hurdles Not Met

Pacific Lime and Cement Limited has disclosed a change in director Richard Pegum’s indirect interests in the company’s securities, held via PointRoad Pty Ltd and Landsdowne (Aust) Nominees Pty Ltd as trustee for The R&D Pegum Trust. The company reported that 11,667,000 unquoted long-term incentive performance rights previously held through these entities have lapsed at no consideration after vesting conditions were not met, reducing Pegum’s potential equity-linked exposure under the firm’s employee share option plan and signaling that performance hurdles tied to those incentives were not achieved.

Pacific Lime and Cement Cancels 38.9 Million Unvested Performance Rights

Pacific Lime and Cement Limited has announced the lapse of 38,859,630 performance rights, which have ceased due to conditions attached to those rights not being satisfied or becoming incapable of being met as at 31 December 2025. The cessation of these conditional securities reduces the company’s pool of potential equity dilution from performance-based incentives, clarifying its issued capital structure for shareholders and potentially signalling that specific performance or vesting hurdles linked to these rights were not achieved.

Pacific Lime and Cement Limited Expands Investor Access with New CDI Quotation

Pacific Lime and Cement Limited has announced the quotation of 50,000 CHESS Depositary Interests (CDIs) on the Australian Securities Exchange (ASX) under the security code PLA, effective December 18, 2025. This move highlights their commitment to expanding shareholder accessibility and operational transparency, offering potential benefits for investor engagement and signaling steady corporate development within the construction and materials industry.

Pacific Lime and Cement Limited Approves Key Resolutions at 2025 AGM

Pacific Lime and Cement Limited held its 2025 Annual General Meeting virtually, where all resolutions were approved by the required majority. The meeting results, conducted via a poll, reflect the company’s ongoing commitment to its strategic goals, including supporting Papua New Guinea’s decarbonization efforts and integrating ESG standards into its operations. The approval of resolutions may positively impact the company’s operations and strengthen its industry positioning, benefiting stakeholders by aligning with sustainable growth and renewable energy initiatives.

Pacific Lime and Cement Partners with IFC for PNG Cement Project

Pacific Lime and Cement Limited has announced a strategic partnership with the International Finance Corporation (IFC) to support its Central Cement Project in Papua New Guinea. This collaboration aims to establish the country’s first vertically integrated clinker and cement production facility, reducing import dependency and meeting domestic demand. The partnership will leverage IFC’s expertise to enhance the project’s technical, commercial, and environmental aspects, aligning it with international standards and facilitating financing. This move is expected to strengthen PLC’s market position and contribute significantly to nation-building in Papua New Guinea.

Pacific Lime and Cement Limited Begins Trading on PNGX

Pacific Lime and Cement Limited has commenced trading on the Papua New Guinea National Stock Exchange, joining a select group of companies with dual listings on ASX and PNGX. This secondary listing allows PNG investors to engage in PLC’s Central Lime and Cement Projects and other developments, fostering local participation in nation-building efforts. The listing does not alter the company’s capital structure or continuous disclosure obligations, and no new securities are being issued. This move enhances PLC’s market presence in PNG, aligning with its strategy to support decarbonisation and sustainable growth in the Asia-Pacific region.