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Petratherm Ltd (AU:PTR)
ASX:PTR
Australian Market

Petratherm Ltd (PTR) AI Stock Analysis

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AU:PTR

Petratherm Ltd

(Sydney:PTR)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
AU$0.22
▼(-21.07% Downside)
Action:UpgradedDate:12/30/25
The score is held back primarily by persistent losses and ongoing cash burn, despite a strong, low-risk balance sheet with zero debt and a sizable equity base. Technicals are mildly constructive in the near term but not strong enough to outweigh weak profitability and a negative P/E with no dividend support.
Positive Factors
Zero debt / low financial risk
Having zero reported debt materially lowers financial distress risk and preserves strategic optionality. Over a 2–6 month horizon this reduces refinancing pressure, gives management flexibility to prioritize operations or growth, and limits fixed financial obligations that could accelerate balance-sheet stress.
Large equity cushion relative to assets
A sizable equity base provides a durable capital buffer that can absorb operating losses and fund near-term activity without immediate insolvency risk. This equity cushion supports runway and reduces short-term liquidation risk, improving resilience while the business attempts to scale revenue or restructure operations.
Restarted revenue generation
Recording revenue in 2025 indicates the business is generating commercial activity after limited prior receipts. Even small revenue improves operational visibility, offers a base for iterative margin improvement, and validates parts of the business model that can be expanded over the medium term if scaled effectively.
Negative Factors
Persistent negative operating and free cash flow
Ongoing operating and free cash outflows indicate the business is burning cash rather than generating it. Sustained cash burn forces reliance on external funding or equity dilution, constrains investments in growth or margin improvement, and raises execution risk if capital access tightens over the next several months.
Structural unprofitability
Large, widening losses show the company has not yet achieved profitable unit economics. Persistent unprofitability erodes retained capital, limits reinvestment capacity, and means the company must materially change cost structure, pricing, or scale to reach sustainable margins within a medium-term horizon.
Negative returns on equity
A negative ROE signals management is generating losses on shareholder capital, risking equity erosion over time. This undermines long-term shareholder value and increases probability of future capital raises or dilution, making sustained recovery dependent on clear improvements in profitability or cash generation.

Petratherm Ltd (PTR) vs. iShares MSCI Australia ETF (EWA)

Petratherm Ltd Business Overview & Revenue Model

Company DescriptionPTR Minerals Ltd. engages in the development of mineral exploration projects. Its project portfolio includes Woomera Copper-Gold Project, Mabel Creek Copper-Gold Project, Gina Copper-Gold Project, and Comet Gold Project. The company was founded by Peter Reid on October 24, 2003 and is headquartered in Dulwich, Australia.
How the Company Makes MoneyPetratherm Ltd generates revenue primarily through the development and commercialization of geothermal energy projects. The company makes money by securing exploration permits, conducting feasibility studies, and eventually developing geothermal power plants that produce electricity. Revenue streams may include the sale of electricity generated from its geothermal projects to the grid or through power purchase agreements with utilities and other large energy consumers. Additionally, Petratherm may engage in partnerships or collaborations with government bodies and other energy companies to secure funding and share technological expertise, which can further support its revenue generation.

Petratherm Ltd Financial Statement Overview

Summary
Financials show an early-stage profile: limited 2025 revenue (103,447) alongside a sizable net loss (1,640,996) and persistent unprofitability. The balance sheet is a key support with zero debt and a meaningful equity buffer (equity 14,451,698 vs. assets 14,918,113), but ongoing operating and free-cash-flow burn (2025 OCF -1,134,524; FCF -2,991,486) keeps overall financial performance weak.
Income Statement
18
Very Negative
The company remains structurally unprofitable: 2025 revenue was small (103,447) and profitability was weak with deeply negative gross profit and operating results (net loss of 1,640,996). Losses have generally widened versus 2022–2024, and the lack of meaningful, consistent revenue in prior years limits visibility into a sustainable earnings base. A notable positive is that the company has at least returned to generating some revenue in 2025, but margins and scale are currently insufficient.
Balance Sheet
72
Positive
The balance sheet is a clear strength: total debt is 0 across all reported years, which materially reduces financial risk. Equity is sizable relative to assets (2025 equity 14,451,698 vs. assets 14,918,113), providing a cushion to fund operations. The key weakness is persistently negative returns on equity in most years (2025 ROE about -11%), reflecting ongoing losses that can erode the capital base over time.
Cash Flow
33
Negative
Cash generation is weak with ongoing cash burn: operating cash flow was negative in each year shown (2025: -1,134,524). Free cash flow is also consistently negative and worsened in 2025 (-2,991,486 vs. -1,675,876 in 2024), indicating rising cash needs. A partial offset is that free cash flow improved versus the prior year on a growth basis in 2025 (per the provided growth figure), but absolute cash burn remains high and sustained.
BreakdownJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue103.45K0.000.000.0031.79K
Gross Profit-438.02K-6.67K-5.15K-2.11K28.78K
EBITDA-1.51M-1.04M-863.17K-765.74K-658.49K
Net Income-1.64M-1.05M-778.97K-764.82K17.87M
Balance Sheet
Total Assets14.92M5.77M6.84M7.57M5.15M
Cash, Cash Equivalents and Short-Term Investments1.90M906.74K2.44M4.69M3.10M
Total Debt0.000.000.000.000.00
Total Liabilities466.42K298.49K383.80K345.44K98.92K
Stockholders Equity14.45M5.47M6.46M7.22M5.05M
Cash Flow
Free Cash Flow-2.99M-1.68M-2.28M-1.31M-1.86M
Operating Cash Flow-1.13M-946.27K-727.31K-460.79K-698.13K
Investing Cash Flow-7.66M113.54K-2.71M-849.31K-1.17M
Financing Cash Flow10.29M0.00-16.64K2.90M2.52M

Petratherm Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.28
Price Trends
50DMA
0.26
Negative
100DMA
0.28
Negative
200DMA
0.30
Negative
Market Momentum
MACD
-0.01
Positive
RSI
31.06
Neutral
STOCH
19.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PTR, the sentiment is Negative. The current price of 0.28 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.26, and below the 200-day MA of 0.30, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 31.06 is Neutral, neither overbought nor oversold. The STOCH value of 19.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PTR.

Petratherm Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
56
Neutral
AU$351.67M8.4713.77%
50
Neutral
AU$334.00M-28.77-34.16%-100.00%-52.08%
47
Neutral
AU$60.56M-8.09-17.91%-213.85%
46
Neutral
AU$88.62M-40.00-16.47%-19.57%
46
Neutral
AU$131.16M-14.29-23.45%54.41%
42
Neutral
AU$83.72M
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PTR
Petratherm Ltd
0.23
-0.07
-25.00%
AU:NWF
Newfield Resources Ltd.
0.09
0.00
0.00%
AU:FEG
Far East Gold Ltd
0.16
-0.01
-5.88%
AU:CNB
Carnaby Resources Ltd.
0.50
0.14
37.50%
AU:MM8
Medallion Metals Ltd
0.41
0.25
156.25%
AU:CEL
Challenger Exploration Limited
0.16
0.10
166.67%

Petratherm Ltd Corporate Events

PTR Minerals shareholders back all placement share resolutions at EGM
Feb 20, 2026

PTR Minerals Ltd reported that all resolutions put to shareholders at its 20 February 2026 extraordinary general meeting were passed by poll. The meeting primarily concerned approvals related to a previous share placement and the issue of placement shares to several directors and associated parties, indicating strong investor support for recent capital-raising activities.

Shareholders endorsed six ordinary resolutions, including ratification of earlier placement issuances and new allocations to figures such as Robert Sennitt, Derek Carter and other board members. The decisive approval, with high percentages of votes in favour across all items, reinforces the company’s ability to access equity funding and aligns governance processes with ASX and Corporations Act requirements.

The most recent analyst rating on (AU:PTR) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Petratherm Ltd stock, see the AU:PTR Stock Forecast page.

PTR Minerals Seeks Quotation for 150,000 New Shares
Feb 4, 2026

PTR Minerals Ltd has applied to quote 150,000 new fully paid ordinary shares on the ASX following the exercise of existing convertible securities, modestly expanding its free-float while signaling incremental progress in capital structure adjustments. The issuance reinforces PTR’s ability to tap equity markets, though the limited volume suggests operational continuity rather than a transformational capital raise.

The most recent analyst rating on (AU:PTR) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on Petratherm Ltd stock, see the AU:PTR Stock Forecast page.

PTR Minerals Extends High-Grade Titanium Footprint at Rosewood and Bolsters Funding
Jan 30, 2026

PTR Minerals reported a strong December quarter marked by substantial exploration success at its Rosewood Titanium Project, where step-out and resource drilling have extended titanium-rich heavy mineralisation to more than 40 square kilometres, defined two extensive high-grade zones totaling 22 square kilometres, and delivered some of the project’s best intercepts to date. Metallurgical testwork produced high-quality heavy mineral concentrate grading 91–98% with strong recoveries using conventional gravity methods, while additional drilling at the nearby Echo, Duke and Nardoo prospects intersected thick, high-grade mineralisation that remains open along strike, underscoring the broader growth potential of the Muckanippie Project; alongside a rebrand to PTR Minerals and a $12 million capital raise that lifted cash to $16.7 million, the company is now funded to accelerate Rosewood’s advancement and strengthen its position in the emerging titanium sector.

The most recent analyst rating on (AU:PTR) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on Petratherm Ltd stock, see the AU:PTR Stock Forecast page.

PTR Minerals’ Rosewood Drilling Confirms High-Grade Titanium as Maiden Resource Nears
Jan 21, 2026

PTR Minerals has reported another set of strong heavy mineral assay results from 47 air core drill holes at its Rosewood Titanium Project in South Australia, confirming thick, high-grade mineralisation across the Rosewood East area and reinforcing the project’s scale and continuity. The company remains on track to deliver a maiden JORC Mineral Resource Estimate in the June quarter of 2026, with management aiming for an Indicated resource and highlighting the potential for significant high-grade tonnage. Metallurgical test work has so far produced high-quality heavy mineral concentrates grading 91–98% heavy minerals with recoveries of 86–95% using conventional gravity processing, while ongoing mineral separation studies indicate the ability to generate multiple high-grade titanium products with low impurities. PTR has engaged Mineral Technologies to optimise processing flowsheets, design plant and infrastructure options, assess mineral separation plant locations including near Whyalla Port, and develop preliminary capital and operating cost estimates, while parallel environmental baseline, infrastructure and stakeholder studies advance the project toward potential development, underscoring Rosewood’s emerging significance in the titanium supply chain.

The most recent analyst rating on (AU:PTR) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on Petratherm Ltd stock, see the AU:PTR Stock Forecast page.

PTR Minerals Calls Extraordinary Meeting to Ratify Major Share Placement and Director Allocations
Jan 18, 2026

PTR Minerals Limited has called an extraordinary general meeting of shareholders to be held in Adelaide on 20 February 2026, outlining several resolutions related to past and proposed share placements. The agenda seeks shareholder ratification of a prior issue of 46.8 million fully paid ordinary shares, as well as approval to issue up to 200,000 placement shares each to directors Robert Sennitt, Derek Carter, Simon O’Loughlin and Donald Stephens, moves that formalise recent capital-raising activities, align board interests with shareholders and preserve the company’s capacity to issue further equity under ASX Listing Rules.

The most recent analyst rating on (AU:PTR) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on Petratherm Ltd stock, see the AU:PTR Stock Forecast page.

PTR Minerals Seeks Quotation of 300,000 New Ordinary Shares on ASX
Jan 15, 2026

PTR Minerals Ltd has applied to the ASX for quotation of 300,000 new fully paid ordinary shares, to be traded under its existing ticker PTR. The shares, issued on 16 January 2026 following the conversion or exercise of existing options or other convertible securities, modestly increase the company’s quoted capital base and may slightly enhance liquidity for shareholders without representing a major capital raising.

The most recent analyst rating on (AU:PTR) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Petratherm Ltd stock, see the AU:PTR Stock Forecast page.

PTR Minerals Confirms Consistent High-Grade Titanium at Rosewood as Maiden Resource Drilling Concludes
Dec 19, 2025

PTR Minerals has completed its maiden resource drilling program at the Rosewood titanium project, drilling 446 air core holes for 9,388 metres across an area of about 40 square kilometres in South Australia. Initial assays from the first 17 holes along a 2.5-kilometre traverse at Rosewood East have returned some of the best heavy mineral intercepts recorded to date, with multiple thick intervals grading above 10% heavy minerals and remaining open along strike, particularly in a southern zone that management believes could yield significant high-grade tonnages. Assaying and resource modelling are now under way, and the company expects to publish a maiden JORC Mineral Resource in the June quarter of 2026, with the density of drilling and consistency of mineralisation at Rosewood East likely to support classification up to Indicated status, potentially strengthening PTR’s titanium portfolio and project development prospects.

PTR Minerals Issues New Shares to Bolster Exploration Efforts
Dec 8, 2025

PTR Minerals Limited has issued 46,800,000 fully paid ordinary shares without disclosure to investors under the Corporations Act 2001. This move aligns with the company’s compliance with relevant legal provisions and indicates a strategic step in its ongoing exploration and development efforts in South Australia’s mineral-rich regions. The issuance of shares is likely to support PTR Minerals’ exploration projects, potentially enhancing its market position and offering growth opportunities for stakeholders.

PTR Minerals Announces Proposed Securities Issue
Dec 2, 2025

PTR Minerals Ltd has announced a proposed issue of 48,000,000 ordinary fully paid securities, scheduled for December 8, 2025. This move is part of a placement or other type of issue, indicating a strategic effort to raise capital, potentially impacting the company’s market position and offering new opportunities for stakeholders.

PTR Minerals Secures $12 Million to Propel Rosewood Project
Dec 2, 2025

PTR Minerals Ltd has successfully raised $12 million through a placement of new shares, supported by both existing and new institutional investors. The funds will be used to advance the Rosewood Titanium Project and further exploration at the Muckanippie Heavy Mineral Project, enhancing the company’s exploration and development capabilities.

PTR Minerals Ltd Initiates Trading Halt for Capital Raising Announcement
Nov 28, 2025

PTR Minerals Ltd has requested a trading halt on its securities pending an announcement regarding capital raising initiatives. This move indicates potential strategic financial maneuvers that could impact the company’s operations and market positioning, with the halt expected to last until the announcement is made or normal trading resumes on December 2, 2025.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025