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QEM Limited
(Sydney:QEM)
QEM Limited (QEM) vs. iShares MSCI Australia ETF (EWA)
QEM Limited Business Overview & Revenue Model
QEM Limited Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 263.17K | 0.00 | 453.40K | 256.77K | 339.33K |
| Gross Profit | 263.17K | -237.99K | 211.49K | 174.77K | 272.51K |
| EBITDA | -2.93M | -4.28M | -4.76M | -2.75M | -1.32M |
| Net Income | -3.23M | -2.04M | -4.56M | -2.83M | -1.39M |
Balance Sheet | |||||
| Total Assets | 3.40M | 2.32M | 3.39M | 2.64M | 1.42M |
| Cash, Cash Equivalents and Short-Term Investments | 2.84M | 1.65M | 1.97M | 1.43M | 1.33M |
| Total Debt | 37.17K | 36.48K | 140.68K | 235.33K | 24.17K |
| Total Liabilities | 566.92K | 751.70K | 639.91K | 818.02K | 280.30K |
| Stockholders Equity | 2.83M | 1.56M | 2.75M | 1.82M | 1.14M |
Cash Flow | |||||
| Free Cash Flow | -2.92M | -4.00M | -4.13M | -3.35M | -1.24M |
| Operating Cash Flow | -2.91M | -3.96M | -3.52M | -2.67M | -1.24M |
| Investing Cash Flow | -13.48K | 2.96M | -608.68K | -684.50K | 0.00 |
| Financing Cash Flow | 4.11M | 673.01K | 4.65M | 3.45M | -69.03K |
QEM Limited Technical Analysis
QEM Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | AU$22.04M | -8.19 | -3.32% | ― | 7.09% | -275.00% | |
52 Neutral | AU$10.64M | -2.13 | -124.89% | ― | ― | -36.92% | |
52 Neutral | AU$36.02M | -0.51 | -75.72% | ― | -13.55% | -8.96% | |
47 Neutral | AU$12.61M | -2.33 | -7.60% | ― | ― | 16.52% | |
40 Underperform | AU$9.80M | -1.51 | -1488.75% | ― | ― | 65.74% | |
39 Underperform | AU$10.43M | -1.59 | -333.90% | ― | -9.56% | 87.68% |
QEM Limited Corporate Events
QEM Limited has released its interim financial report for the half-year ended 31 December 2025, outlining its financial position, cash flows, and changes in equity. The report also incorporates previously announced exploration and metallurgical test work results for the Julia Creek Vanadium and Energy Project, with the company confirming there is no new information that materially changes those earlier technical disclosures.
The reaffirmation of its earlier test work results suggests continuity in QEM’s technical and project assumptions, providing stakeholders with stability around resource and processing expectations. This stability is important for investors assessing the company’s progress in advancing its vanadium and energy project, as it underpins ongoing project evaluation and strategic planning without indicating any major operational or geological surprises.
The most recent analyst rating on (AU:QEM) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on QEM Limited stock, see the AU:QEM Stock Forecast page.
QEM Limited has called a general meeting of shareholders to be held on 10 April 2026 in Brisbane, specifying that eligibility to vote will be based on the share register as at the evening of 8 April 2026. In line with updated Corporations Act provisions and its push toward electronic communication, the company will not mail hard copies of the notice unless specifically requested, instead directing investors to access meeting materials online and strongly encouraging the advance lodgement of proxy votes and questions to facilitate orderly conduct of the meeting.
Shareholders who have provided email details will receive electronic links to the notice and explanatory materials, while those unable to access documents online are invited to contact the company secretary for assistance. The arrangements underscore QEM’s continued shift toward digital investor engagement and formalise processes for shareholder participation, highlighting the operational importance of the upcoming meeting for governance and decision-making matters that may affect investors’ holdings.
The most recent analyst rating on (AU:QEM) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on QEM Limited stock, see the AU:QEM Stock Forecast page.
QEM Limited has reported the expiry of 250,000 listed options with an exercise price of A$0.20, which lapsed unexercised on 1 March 2026. The cessation of these options marginally reduces the pool of potential future ordinary shares, slightly simplifying the company’s capital structure and removing a small source of prospective equity dilution for existing shareholders.
The notification, lodged as an Appendix 3H with the ASX, confirms that these securities have ceased due solely to expiry rather than conversion into shares. While the change is modest in scale, such expiries can incrementally clarify the company’s issued capital profile and may be relevant for investors tracking potential overhang from derivative securities.
The most recent analyst rating on (AU:QEM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on QEM Limited stock, see the AU:QEM Stock Forecast page.
QEM Limited has issued 59.1 million new ordinary shares, notifying the market that the capital raising was conducted without a prospectus under provisions of the Corporations Act. The company confirmed it is up to date with financial reporting and continuous disclosure obligations and stated there is no excluded information that would need to be disclosed to investors.
The additional equity strengthens QEM’s funding base as it advances the Julia Creek Vanadium and Energy Project in Queensland, one of the largest vanadium resources on the ASX with associated oil shale potential. The move underlines QEM’s ambition to position itself as a future supplier of vanadium pentoxide for energy storage and steel, as well as liquid fuels, in response to global demand trends.
The most recent analyst rating on (AU:QEM) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on QEM Limited stock, see the AU:QEM Stock Forecast page.
QEM Limited has lodged an application with the ASX for the quotation of 59.1 million ordinary fully paid shares, with an issue date of 24 February 2026. The move formalises the trading status of these securities, signalling a significant expansion of the company’s quoted share base and potentially broadening its market presence and liquidity for existing and new investors.
The application follows earlier disclosures relating to the securities via an Appendix 3B, indicating that the issuance was previously flagged to the market. By progressing to quotation on the ASX, QEM is completing a key step in its capital management plans, which may influence shareholder dilution, trading volumes and the company’s overall visibility within the Australian equity market.
The most recent analyst rating on (AU:QEM) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on QEM Limited stock, see the AU:QEM Stock Forecast page.
QEM Limited has responded to an ASX Aware Letter by confirming it considers its recent $1.442 million equity placement to be material information for investors, while deeming the lead manager’s identity and fees immaterial to its share price. The company detailed the timeline of discussions, board approvals and execution of the placement term sheet with Oakley Capital Partners, and noted that the transaction was conducted during an ASX-approved trading halt.
QEM outlined the chronology of firm investor commitments, including managing director Robert Cooper’s decision to participate in the raising, and confirmed that his involvement would be subject to shareholder approval and outside the company’s placement capacity. The board formally resolved to proceed with the capital raising on 16 February 2026, and QEM asserted it complied with its continuous disclosure obligations under Listing Rule 3.1 by announcing the placement once commitments were finalised within the permitted trading halt period.
The most recent analyst rating on (AU:QEM) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on QEM Limited stock, see the AU:QEM Stock Forecast page.
QEM Limited has updated its previously announced capital raising, confirming final placement numbers, including rounding adjustments, for a proposed issue of securities. The company also confirmed it will proceed with the placement without seeking quotation of the associated options on the ASX, indicating a refinement of its capital structure and listing strategy for this raise.
The revised disclosure, lodged as an Appendix 3B update dated 23 February 2026, formally notifies the market of the completed structuring decisions for this placement. By finalising securities counts and opting not to list the options, QEM provides greater clarity to investors on the composition of its new capital and the tradable instruments that will be available on-market following the issue.
The most recent analyst rating on (AU:QEM) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on QEM Limited stock, see the AU:QEM Stock Forecast page.
QEM Limited, an Australian resource company, is advancing its flagship Julia Creek Vanadium and Energy Project in northwest Queensland, which contains a large JORC-compliant vanadium resource and significant contingent in-situ oil resources within the same ore body. During the December 2025 quarter, the company progressed key activities for the project’s Environmental Impact Statement and continued environmental baseline and community engagement work, while simultaneously conducting a strategic review of the project and broader corporate opportunities to preserve capital and potentially enhance shareholder value, with the review expected to conclude in the first quarter of 2026.
The most recent analyst rating on (AU:QEM) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on QEM Limited stock, see the AU:QEM Stock Forecast page.