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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.16K | -9.08K | -12.78K | -1.58K | -2.36K | -1.79K |
| EBITDA | -3.17M | -1.74M | -11.79M | -1.50M | -1.41M | -1.16M |
| Net Income | -3.25M | -1.80M | -11.81M | -1.56M | -1.60M | -1.30M |
Balance Sheet | ||||||
| Total Assets | 47.46M | 40.12M | 36.33M | 40.43M | 37.64M | 31.91M |
| Cash, Cash Equivalents and Short-Term Investments | 5.63M | 2.86M | 1.56M | 732.03K | 1.95M | 3.49M |
| Total Debt | 0.00 | 3.06M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 286.26K | 3.20M | 1.20M | 141.68K | 308.02K | 177.25K |
| Stockholders Equity | 42.86M | 36.92M | 35.13M | 40.29M | 37.33M | 31.73M |
Cash Flow | ||||||
| Free Cash Flow | -6.08M | -4.84M | -5.92M | -3.02M | -4.92M | -5.04M |
| Operating Cash Flow | -3.08M | -1.85M | -1.33M | -1.44K | -1.48K | -1.22K |
| Investing Cash Flow | -3.64M | -3.00M | -4.59M | -3.02M | -4.92M | -5.04M |
| Financing Cash Flow | 9.32M | 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% | |
53 Neutral | AU$95.89M | -8.14 | -5.89% | ― | ― | 37.04% | |
48 Neutral | AU$30.92M | -12.76 | -11.53% | ― | ― | 40.00% | |
47 Neutral | AU$6.80M | -6.22 | -5.49% | ― | ― | 16.67% | |
44 Neutral | AU$49.05M | -9.34 | -4.73% | ― | ― | 88.57% | |
43 Neutral | AU$18.83M | -6.00 | -2.90% | ― | ― | 48.72% | |
41 Neutral | AU$25.47M | -2.33 | -105.69% | ― | -100.00% | 8.51% |
PolarX Ltd Corporate Events
PolarX Limited has released its financial report for the half-year ended 31 December 2025, providing investors with consolidated statements of profit or loss, financial position, cash flows and changes in equity. The report, which includes directors’ commentary, notes and an independent auditor’s review, offers stakeholders transparency on the company’s interim financial health and governance oversight.
The publication of this half-year report enables shareholders and the market to assess PolarX’s performance over the six-month period, including its capital structure, liquidity and operational funding. By disclosing reviewed financial data and accompanying governance declarations, the company supports ongoing regulatory compliance and informed decision-making by existing and potential investors.
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 reported strong initial drilling results from the Ridgeline prospect within its Humboldt Range gold-silver project in Nevada, intersecting multiple wide gold-mineralised zones from surface. Significant intercepts from the first 10 reverse circulation holes include grades up to 37.29 grams per tonne gold, with mineralisation remaining open along strike and at depth.
The company has so far drilled only 800 metres of a 3.6-kilometre-long anomaly, with geophysical data suggesting the vein system continues to greater depths and along trend. With silver assays still pending and extensive Rochester Rhyolite host rock yet to be tested, PolarX plans a major follow-up drilling program that could materially enhance its discovery potential and strategic position in a highly prospective mining district.
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 has reported strong initial drilling results from the Ridgeline prospect at its Humboldt Range gold-silver project in Nevada, intersecting multiple wide gold-mineralised zones from surface over an 800-metre strike length. The program confirmed several mineralised trends within steeply dipping epithermal quartz veins in strongly altered rhyolite, with significant assays including up to 37 grams per tonne gold over high-grade intervals.
Only a portion of the 3.6-kilometre-long anomaly has been tested, and mineralisation remains open along strike and at depth, while silver assays from the same holes are still pending. On the back of these results, which the company says compare favourably with nearby operating mines, PolarX is moving quickly to plan a major follow-up drilling campaign to extend and better define the discovery, underscoring the project’s potential to materially enhance its exploration portfolio.
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 notified the market of a new issue of unquoted securities, consisting of 30,000,000 unlisted options. These options are exercisable at $0.031 each and will expire on 9 February 2029, and they are not intended to be quoted on the ASX.
The options are being issued as part of a previously announced transaction and represent a significant potential source of future equity capital for PolarX if exercised. As unquoted instruments, they primarily affect existing and potential shareholders through prospective dilution and funding flexibility rather than immediate trading activity on the exchange.
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 issued 30 million unlisted options to key consultants as part of their remuneration for services to the company, with each option carrying an exercise price of $0.031 and an expiry date of 9 February 2029. The options, which convert into fully paid ordinary shares on exercise and rank equally with existing stock, form part of PolarX’s strategy to align consultant incentives with long-term company performance while conserving cash resources.
Under the terms, each option entitles the holder to subscribe for one share at any time before expiry, with the company required to issue the corresponding shares within 10 business days of a valid exercise notice and cleared funds. The structure also provides for standard protections and adjustments in the event of a capital reorganisation, reflecting typical ASX listing rule requirements and ensuring consistency for current and future shareholders.
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 disclosed plans for a new securities issue, proposing to create and issue up to 30 million unlisted options as part of a placement or similar capital-raising structure. The options will carry an exercise price of $0.031 and will be exercisable until 9 February 2029, with the proposed issue date set for 10 February 2026.
The move signals PolarX’s continued use of equity-linked instruments to fund its activities and potentially align investor and management interests over a multi-year horizon. While the filing provides limited operational detail, the size and long duration of the options package point to a strategy of securing medium-term funding flexibility and incentivising stakeholders amid ongoing project and exploration 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 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.