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PolarX Ltd
(Sydney:PXX)
PolarX Ltd (PXX) vs. iShares MSCI Australia ETF (EWA)
PolarX Ltd Business Overview & Revenue Model
PolarX 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 | 0.00 |
| Gross Profit | -9.08K | -9.08K | -12.78K | -1.58K | -2.36K | -1.79K |
| EBITDA | -1.74M | -1.74M | -11.79M | -1.50M | -1.41M | -1.16M |
| Net Income | -1.80M | -1.80M | -11.81M | -1.56M | -1.60M | -1.30M |
Balance Sheet | ||||||
| Total Assets | 40.12M | 40.12M | 36.33M | 40.43M | 37.64M | 31.91M |
| Cash, Cash Equivalents and Short-Term Investments | 2.86M | 2.86M | 1.56M | 732.03K | 1.95M | 3.49M |
| Total Debt | 3.06M | 3.06M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.20M | 3.20M | 1.20M | 141.68K | 308.02K | 177.25K |
| Stockholders Equity | 36.92M | 36.92M | 35.13M | 40.29M | 37.33M | 31.73M |
Cash Flow | ||||||
| Free Cash Flow | -4.84M | -4.84M | -5.92M | -3.02M | -4.92M | -5.04M |
| Operating Cash Flow | -1.85M | -1.85M | -1.33M | -1.44K | -1.48K | -1.22K |
| Investing Cash Flow | -3.00M | -3.00M | -4.59M | -3.02M | -4.92M | -5.04M |
| Financing Cash Flow | 6.08M | 6.08M | 6.75M | 3.25M | 4.86M | 5.62M |
PolarX 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% | |
55 Neutral | AU$83.78M | -31.37 | -6.39% | ― | ― | 37.04% | |
48 Neutral | AU$41.22M | -16.67 | -12.53% | ― | ― | 40.00% | |
47 Neutral | AU$29.90M | -6.74 | -84.97% | ― | -100.00% | 8.51% | |
47 Neutral | AU$13.60M | ― | -5.71% | ― | ― | 16.67% | |
46 Neutral | AU$22.01M | -9.50 | -3.39% | ― | ― | 48.72% | |
44 Neutral | AU$54.41M | -25.00 | -5.01% | ― | ― | 88.57% |
PolarX Ltd Corporate Events
PolarX reported on its December 2025 quarter activities, highlighting completion of a 13-hole reverse circulation drilling program at the Ridgeline target within the Black Canyon property of its Humboldt Range Gold-Silver Project in Nevada. The 2,027-metre program, carried out over October and November 2025, tested shallow geophysical anomalies coincident with surface structural features and gold-silver soil anomalies, focusing on structurally controlled zones interpreted as favourable conduits for epithermal precious metal mineralisation in the Rochester Rhyolite. While assay results have been delayed due to independent laboratory issues, the company now expects to start receiving gold, silver and multi-element results from February 2026, which will guide further drilling planned for April–May 2026 over the broader, 3.6km-long Ridgeline anomaly, where previous rock chips returned high-grade gold and silver values. These outcomes will be important in assessing the scale and quality of mineralisation at Humboldt Range and in shaping PolarX’s next phase of exploration and potential resource definition work in Nevada.
The most recent analyst rating on (AU:PXX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on PolarX Ltd stock, see the AU:PXX Stock Forecast page.
PolarX Ltd has applied to the ASX for quotation of 1,588,794 new fully paid ordinary shares under the code PXX, following a previously notified transaction. The additional securities, issued on 14 January 2026, will expand the company’s quoted share capital, modestly increasing the equity base and potentially affecting existing shareholders’ dilution and trading liquidity once the new shares commence trading.
The most recent analyst rating on (AU:PXX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on PolarX Ltd stock, see the AU:PXX Stock Forecast page.
PolarX Limited has issued 1,588,794 ordinary shares at a deemed price of $0.025 per share to a contractor as payment for services provided on its Humboldt Range Gold Project, utilizing its existing placement capacity under ASX Listing Rule 7.1. The company confirmed that the shares were issued without a prospectus under the Corporations Act but stated it remains compliant with continuous disclosure and financial reporting obligations, signalling that the equity-based payment is a routine corporate action that minimally dilutes existing holders while supporting ongoing project work.
The most recent analyst rating on (AU:PXX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on PolarX Ltd stock, see the AU:PXX Stock Forecast page.
PolarX Limited has announced a proposed placement of up to 1,588,794 new fully paid ordinary shares, with the securities to be issued and quoted on the ASX under the company’s existing listing. The capital raising, scheduled for 14 January 2026, is intended to broaden PolarX’s issued capital base and may provide additional financial flexibility for its ongoing activities, with the modest size of the issue suggesting a targeted funding move rather than a major recapitalisation for shareholders to monitor.
The most recent analyst rating on (AU:PXX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on PolarX Ltd stock, see the AU:PXX Stock Forecast page.
PolarX Limited has announced a change in the director’s interest notice, specifically regarding Charles Frazer Tabeart. The company disclosed that Tabeart has acquired 13,500,000 unlisted options exercisable at $0.031 on or before October 2, 2029, under the company’s Long-Term Incentive Plan, following shareholder approval on November 25, 2025. This acquisition does not involve any disposal of securities and reflects an increase in Tabeart’s indirect interest in the company.
PolarX Ltd, a company listed on the Australian Securities Exchange, has announced the issuance of 135 million unquoted options set to expire on October 2, 2029, with an exercise price of $0.031. This issuance is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and offering strategic flexibility in its financial operations.
PolarX Limited has issued 135 million unlisted director options as part of its Long-Term Incentive Plan, following shareholder approval. This move is expected to align the interests of the company’s directors with its long-term strategic goals, potentially impacting its operational focus and market positioning.
PolarX Ltd has announced the issuance of 1,047,653 fully paid ordinary securities to be quoted on the ASX, following the exercise of options or conversion of other convertible securities. This move could potentially enhance the company’s capital structure and market presence, impacting its operational capabilities and investor relations.
PolarX Limited has announced the issuance of 1,047,653 ordinary shares following the exercise of unlisted options, each priced at $0.016 and exercisable by February 2026. This move is part of the company’s strategic financial operations, potentially impacting its capital structure and market positioning, while complying with relevant corporate regulations.
PolarX Ltd has announced the quotation of 902,043 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 5, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing exploration and development activities, potentially impacting its market positioning and providing value to its stakeholders.
PolarX Limited has announced the issuance of 902,043 ordinary shares following the exercise of unlisted options, each priced at $0.016, set to expire by February 2026. This move reflects the company’s strategic efforts to enhance its capital structure, potentially impacting its financial stability and market position positively, while maintaining compliance with relevant regulatory requirements.
PolarX Limited has begun trading on the OTCQB Market in the United States under the ticker ‘PXXXF’, aiming to expand its US investor base and facilitate North American trading of its shares. This move supports its existing US operations, with no changes to its primary listing on the Australian Securities Exchange or its capital structure.
PolarX Ltd has announced the issuance of 35 million unlisted options, exercisable at $0.031 each, with a maturity date of October 2, 2029. This move is part of previously announced transactions and is not intended for quotation on the ASX, potentially impacting the company’s financial strategies and stakeholder interests.
PolarX Ltd has issued 35 million unlisted management options as part of its Long-Term Incentive Plan, with an exercise price of $0.031 and an expiry date of 2 October 2029. This move is part of the company’s strategy to incentivize management, potentially impacting its operational dynamics and aligning stakeholder interests with long-term company goals.
PolarX Limited has reported on its exploration activities for the quarter ending September 2025, focusing on its Alaska Range Copper Gold Project. The company conducted a diamond core drilling program at the Caribou Dome Project, drilling ten holes to explore mineralization depth extensions and enhance geological understanding. Additionally, an airborne geophysics survey was carried out over the Caribou Dome and Senator projects, identifying potential mineralization extensions. The results of these exploratory activities are expected to impact the company’s operational strategy and may influence its market positioning once assay results and processed survey data are available.