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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$0.28
▼(-0.36% Downside)
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
Debt-Free Balance Sheet
A debt-free balance sheet reduces financial risk and provides flexibility for future investments, supporting long-term stability.
Strategic Capital Raising
The capital raise enhances exploration and development capabilities, potentially strengthening market position and growth prospects.
High-Grade Mineral Discoveries
High-grade mineral discoveries at Rosewood and Muckanippie enhance resource base, supporting long-term growth in the mineral exploration sector.
Negative Factors
Persistent Unprofitability
Ongoing unprofitability and limited revenue generation challenge sustainable growth and could erode capital over time.
Ongoing Cash Burn
Sustained cash burn indicates rising cash needs, limiting financial flexibility and potentially impacting future operations.
Negative EPS Growth
Negative EPS growth reflects ongoing financial challenges, impacting investor confidence and long-term earnings potential.

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.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.00103.45K0.000.000.0031.79K
Gross Profit0.00-438.02K-6.67K-5.15K-2.11K28.78K
EBITDA-1.66M-1.51M-1.04M-863.17K-765.74K-658.49K
Net Income-1.64M-1.64M-1.05M-778.97K-764.82K17.87M
Balance Sheet
Total Assets14.92M14.92M5.77M6.84M7.57M5.15M
Cash, Cash Equivalents and Short-Term Investments8.47M1.90M906.74K2.44M4.69M3.10M
Total Debt0.000.000.000.000.000.00
Total Liabilities466.42K466.42K298.49K383.80K345.44K98.92K
Stockholders Equity14.45M14.45M5.47M6.46M7.22M5.05M
Cash Flow
Free Cash Flow-1.92M-2.99M-1.68M-2.28M-1.31M-1.86M
Operating Cash Flow-1.13M-1.13M-946.27K-727.31K-460.79K-698.13K
Investing Cash Flow-7.66M-7.66M113.54K-2.71M-849.31K-1.17M
Financing Cash Flow10.29M10.29M0.00-16.64K2.90M2.52M

Petratherm Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.28
Price Trends
50DMA
0.27
Negative
100DMA
0.29
Negative
200DMA
0.30
Negative
Market Momentum
MACD
<0.01
Positive
RSI
45.07
Neutral
STOCH
48.15
Neutral
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 below the 20-day moving average (MA) of 0.28, above the 50-day MA of 0.27, and below the 200-day MA of 0.30, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.07 is Neutral, neither overbought nor oversold. The STOCH value of 48.15 is Neutral, 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$485.06M10.7313.77%
52
Neutral
AU$413.44M-33.90-34.16%-100.00%-52.08%
50
Neutral
AU$146.34M-15.77-23.45%54.41%
47
Neutral
AU$66.06M-8.58-17.91%-213.85%
46
Neutral
AU$111.22M-49.09-16.47%-19.57%
42
Neutral
AU$83.72M
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PTR
Petratherm Ltd
0.27
-0.14
-34.15%
AU:NWF
Newfield Resources Ltd.
0.09
0.00
0.00%
AU:FEG
Far East Gold Ltd
0.18
-0.02
-7.89%
AU:CNB
Carnaby Resources Ltd.
0.53
0.17
47.22%
AU:MM8
Medallion Metals Ltd
0.50
0.40
395.00%
AU:CEL
Challenger Exploration Limited
0.19
0.14
280.00%

Petratherm Ltd Corporate Events

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.

PTR Minerals Highlights Exploration Success at London Conference
Nov 17, 2025

PTR Minerals Limited announced a presentation by CEO Peter Reid at the 121 Mining Investment Conference in London. The company’s recent exploration efforts have uncovered significant titanium-rich heavy mineral sands at the Muckanippie Project, and promising copper-gold targets in the Olympic Copper-Gold Province, positioning PTR Minerals as a key player in the critical minerals exploration industry.

PTR Minerals Expands High-Grade Titanium Discoveries at Muckanippie
Nov 17, 2025

PTR Minerals Ltd has announced significant exploration success at its Muckanippie Heavy Mineral Sands Project in South Australia, with drill results confirming very high-grade titanium mineralization at the Duke and Nardoo saprolite targets. The findings suggest the potential for a high-quality ore with a significant component of valuable heavy minerals, including altered ilmenite, which could enhance the company’s operations and position it as a key player in the emerging titanium province. The results indicate the potential for large-scale, high-grade systems, complementing the company’s existing Rosewood Titanium Project and expanding the overall mineralization footprint.

PTR Minerals Highlights Strategic Exploration Success at TZMI Congress
Nov 11, 2025

PTR Minerals Limited announced a presentation by CEO Peter Reid at the TZMI Congress, highlighting the company’s exploration successes and future prospects. This announcement underscores PTR Minerals’ strategic positioning in the critical minerals sector, with significant recent discoveries in titanium-rich sands and promising copper-gold and rare earth projects, potentially enhancing its market presence and stakeholder value.

PTR Minerals Limited Announces Name Change and Strategic Focus on Mineral Exploration
Nov 11, 2025

PTR Minerals Limited, formerly known as Petratherm Limited, has officially changed its name following shareholder approval and will continue trading under the ASX code ‘PTR’. The company remains focused on advancing its Muckanippie titanium-rich heavy mineral sands discovery in South Australia, which is expected to enhance its positioning in the critical minerals exploration industry. The name change reflects PTR Minerals’ strategic focus on its mineral exploration projects, potentially impacting stakeholders by signaling a commitment to expanding its resource base and exploration activities.

Petratherm Limited Announces AGM Results with All Resolutions Passed
Nov 6, 2025

Petratherm Limited announced the results of its 2025 Annual General Meeting, where all resolutions were approved by shareholders. The resolutions included the adoption of the remuneration report, re-election and election of directors, approval to change the company’s name, a 10% placement facility, and an increase in total aggregate remuneration for non-executive directors. These decisions reflect the company’s strategic direction and governance adjustments, potentially impacting its operational and financial strategies moving forward.

Petratherm Ltd Confirms World-Class Mineral Sands Discovery at Muckanippie
Nov 6, 2025

Petratherm Ltd has confirmed its Muckanippie Project as a world-class heavy mineral sands asset, with significant scale and quality, following a transformative year. The company has expanded its mineralized area at Rosewood and achieved high recoveries in recent metallurgical tests, positioning itself strongly in the industry. With a strengthened technical team and a proposed name change to PTR Minerals Limited, Petratherm is advancing towards a Maiden JORC Resource, while maintaining valuable copper/gold projects at Woomera and Mabel Creek.

Petratherm Unveils Major Discovery at Muckanippie Project
Nov 6, 2025

Petratherm Limited announced a significant discovery at its Muckanippie Titanium Project, highlighting the project’s potential as a critical mineral source. This discovery is expected to enhance the company’s position in the mineral exploration industry and could have substantial implications for stakeholders by potentially increasing resource availability and future project developments.

Petratherm’s Rosewood Project Yields High-Quality Titanium Concentrate
Nov 5, 2025

Petratherm Ltd has reported promising results from metallurgical studies on bulk samples from its Rosewood Titanium Project, showing high recoveries and quality of heavy mineral concentrate using standard wet separation techniques. The project, characterized by its unique geological setting, has demonstrated a significant size and high-grade mineralization, with ongoing drilling to define a resource outline. The company is optimistic about further improving recovery and product quality with minor process adjustments, which could enhance its position in the mineral sands industry.

Petratherm Launches Resource Drilling at Promising Rosewood Titanium Project
Nov 3, 2025

Petratherm Limited has commenced resource drilling at its Rosewood Titanium Project, a promising new discovery with significant exploration potential. The drilling program, covering a 40 square kilometer area, aims to establish a maiden JORC Indicated and Inferred resource, with over 400 planned drill holes. The project is notable for its high-grade heavy mineral sands, which start at shallow depths and are rich in valuable titanium minerals. The drilling is expected to be completed by Christmas, with environmental assessments underway for a potential future mining lease application. This development could enhance Petratherm’s industry positioning by expanding its resource base and potentially increasing its market share in the titanium minerals sector.

Petratherm Advances Muckanippie Project with New Discoveries and Strategic Developments
Oct 29, 2025

Petratherm Limited has announced significant progress in its Muckanippie Project, with Phase 3 drilling results extending the high-grade mineralisation at Rosewood East to over 40 square kilometers. The discovery of the Echo Prospect further highlights the project’s potential, while metallurgical testing is underway to advance towards a maiden JORC Resource. The company has increased its interest in EL 6715 to 70% and appointed Victor Araújo as Head of Project Development, signaling a new growth phase as it prepares for further drilling and development.

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