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Southern Palladium Ltd.
(Sydney:SPD)
Southern Palladium Ltd. (SPD) vs. iShares MSCI Australia ETF (EWA)
Southern Palladium Ltd. Business Overview & Revenue Model
Southern Palladium 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -4.05M | -4.05M | 0.00 | -6.45M | 0.00 | -258.34K |
| Net Income | -4.78M | -4.78M | -6.73M | -7.18M | -2.50M | -258.34K |
Balance Sheet | ||||||
| Total Assets | 29.73M | 29.73M | 25.11M | 31.29M | 40.69M | 1.39M |
| Cash, Cash Equivalents and Short-Term Investments | 9.92M | 9.92M | 5.43M | 11.55M | 17.87M | 1.36M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 698.75K | 698.75K | 137.81K | 99.29K | 410.33K | 87.24K |
| Stockholders Equity | 29.04M | 29.04M | 24.97M | 31.19M | 40.28M | 1.30M |
Cash Flow | ||||||
| Free Cash Flow | -1.16M | -1.16M | -894.00 | -1.06K | -1.36K | -343.00 |
| Operating Cash Flow | -1.16M | -1.16M | -894.00 | -1.06K | -1.36K | -343.00 |
| Investing Cash Flow | -2.35M | -2.35M | -5.22M | -5.26M | -889.00 | 0.00 |
| Financing Cash Flow | 8.00M | 8.00M | 0.00 | 0.00 | 17.86M | 1.56M |
Southern Palladium Ltd. Technical Analysis
Southern Palladium 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% | |
52 Neutral | AU$60.56M | -9.07 | -17.91% | ― | ― | -213.85% | |
51 Neutral | AU$26.41M | 0.27 | 239.14% | 270.27% | ― | ― | |
51 Neutral | AU$47.02M | -7.73 | -29.96% | ― | ― | -214.29% | |
50 Neutral | AU$281.68M | -41.90 | -17.70% | ― | ― | 29.91% | |
46 Neutral | AU$144.48M | -42.77 | -31.71% | ― | ― | ― | |
46 Neutral | AU$225.40M | -7.28 | -174.83% | ― | -100.00% | 24.82% |
Southern Palladium Ltd. Corporate Events
Southern Palladium Limited announced a change in the director’s interest for Roger Baxter, reflecting an acquisition of 275,229 performance rights. This change highlights the company’s ongoing management and operational adjustments, which could influence its strategic direction and stakeholder interests.
Southern Palladium Limited announced a change in the director’s interest for Mr. Johan Odendaal, reflecting updates in his direct and indirect securities holdings. This change is part of the company’s compliance with listing rules, ensuring transparency in its governance practices, which could impact stakeholder perceptions of the company’s management integrity.
Southern Palladium Limited announced a change in the director’s interest notice for Mike Stirzaker, reflecting updates in his indirect interests through entities such as Stith Pty Ltd and Grafton Bond Investments Pty Ltd. This change, effective from December 8, 2025, may impact the company’s governance and stakeholder perceptions, as it highlights the ongoing adjustments in leadership interests within the company.
Southern Palladium Limited has announced a change in the director’s interest for Ms. Lindi Nkosi-Thomas, with the acquisition of 96,330 Zero Exercise Price Options. This change in director’s interest reflects ongoing adjustments in the company’s governance and could influence investor perceptions and stakeholder engagement.
Southern Palladium Limited has announced the issuance of 385,320 unquoted zero exercise price options as part of an employee incentive scheme. This move is aimed at motivating and retaining key personnel, potentially enhancing the company’s operational efficiency and aligning employee interests with shareholder value.
Southern Palladium Ltd. has successfully completed the second tranche of its placement, issuing 11,581,815 fully paid ordinary shares at $1.10 per share, raising A$12.74 million. This move, approved at the company’s Annual General Meeting, strengthens its financial position and aligns with its strategic goals, potentially enhancing its market presence and stakeholder value.
Southern Palladium Limited announced that all resolutions at its 2025 Annual General Meeting were successfully carried. However, a proposed resolution to change the company’s name to Southern Platinum Limited was withdrawn following feedback from major shareholders. This decision reflects the company’s responsiveness to shareholder input, potentially impacting its strategic direction and stakeholder relations.
Southern Palladium Limited announced the release of the Managing Director’s presentation at their Annual General Meeting. This event is significant for stakeholders as it provides insights into the company’s strategic direction and operational updates, potentially impacting its market positioning and investor confidence.
Southern Palladium Limited announced a change in the director’s interest, with Ms. Lindi Nkosi-Thomas acquiring an additional 46,800 ordinary shares. This change reflects a direct interest and suggests confidence in the company’s future prospects, potentially impacting stakeholder perceptions positively.
Southern Palladium Limited has announced significant progress in the Bengwenyama PGM Project, with the commencement of metallurgical and geotechnical drilling as part of the Definitive Feasibility Study. The company is fast-tracking the development of the Southern Decline to intersect the UG2 reef, which is expected to derisk near-term project development and facilitate future financing. The project is on track with optimized designs and operational readiness, and Southern Palladium is evaluating processing options to ensure efficient transition from development to operations.
Southern Palladium Limited has successfully completed a Share Purchase Plan, issuing 59,092 fully paid ordinary shares at $1.10 each, raising A$65,001.20. This issuance aligns with the company’s compliance with relevant provisions of the Corporations Act, maintaining transparency and regulatory adherence, which could impact its operational credibility and stakeholder confidence.
Southern Palladium Limited has announced the quotation of 59,092 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 19, 2025. This move is part of previously announced transactions, potentially enhancing the company’s market presence and providing additional liquidity for stakeholders.
Southern Palladium Limited has successfully completed its Share Purchase Plan (SPP), which was conducted alongside a two-tranche placement that raised A$20 million. The SPP allowed eligible shareholders to purchase new shares at the placement price, raising an additional A$65,000. The funds from these initiatives will be used to complete a Definitive Feasibility Study and advance mine development activities at the Bengwenyama site. The completion of this capital raise strengthens Southern Palladium’s financial position and supports its strategic goals in advancing its mining projects.
Southern Palladium Limited has decided to withdraw a resolution to change its name to Southern Platinum Limited following feedback from major shareholders. The decision to retain the current name preserves the company’s established identity and brand equity as a recognized PGM developer, particularly in relation to its Bengwenyama Project in South Africa.
Southern Palladium Ltd has achieved significant progress in its Bengwenyama PGM project during the September quarter. Key milestones include the completion of the Environmental Authorisation process without objections and an Optimised Pre-Feasibility Study (OPFS) confirming a robust project NPV of US$857 million. The company has commenced a metallurgical and geotechnical drill program and secured commitments for a two-tranche placement to raise A$20 million, ensuring funding for the project’s next phases. These developments position Southern Palladium to advance towards a Mining Right approval and a Final Investment Decision by 2026, amid a favorable market environment for PGM prices.
Southern Palladium Ltd. has released an SPP Offer Booklet to provide eligible shareholders in Australia and New Zealand the opportunity to participate in a Share Purchase Plan (SPP). The offer is not available to investors in the United States or other jurisdictions where such an offer would be illegal. This initiative aims to raise capital for the company’s operations, potentially impacting its market positioning by strengthening its financial base and enabling further development of its palladium projects.
Southern Palladium Limited has released its 2025 Corporate Governance Statement, aligning with the ASX Corporate Governance Council’s principles. The statement outlines the roles and responsibilities of the Board, emphasizing leadership, strategic planning, and oversight of management and financial performance. This governance framework aims to ensure transparency and accountability, potentially strengthening stakeholder confidence and enhancing the company’s operational integrity.
Southern Palladium Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is accessible on their website. The statement confirms that the company has adhered to the ASX Corporate Governance Council’s principles and recommendations, which include having a board charter, conducting checks before appointing directors, and ensuring accountability of the company secretary to the board. This disclosure is crucial for stakeholders as it highlights the company’s commitment to transparency and governance standards, potentially impacting investor confidence and corporate reputation.
Southern Palladium Ltd. has made significant progress in advancing the Bengwenyama Platinum Group Metals Project, transitioning from a successful Optimised Prefeasibility Study to the Definitive Feasibility Study phase. The company achieved key milestones, including obtaining Environmental Authorisation and submitting Rehabilitation Guarantees, reflecting its commitment to environmental stewardship. Southern Palladium emphasizes strong community partnerships and disciplined capital management, aiming to preserve shareholder value while progressing key project milestones. The Bengwenyama project’s strategic location and robust fundamentals are expected to attract strategic partners and investors amid a strong global PGM market driven by decarbonization and clean technology demands.
Southern Palladium Ltd. has announced its Annual General Meeting (AGM) scheduled for November 28, 2025, in Sydney, Australia. The meeting will cover the receipt of financial reports, a vote on the remuneration report, the re-election of Mr. Robert Thomson as a director, and the approval of the Equity Incentive Plan. These resolutions are significant for shareholders as they address key governance and compensation issues, potentially impacting the company’s strategic direction and shareholder value.
Southern Palladium Limited has successfully raised A$7.26 million through the issuance of 6,600,004 fully paid ordinary shares at A$1.10 per share, marking the completion of the first tranche of its announced placement. This capital raise strengthens the company’s financial position, potentially enhancing its operational capabilities and industry positioning, while maintaining compliance with relevant corporate regulations.
Southern Palladium Ltd. has successfully secured A$20 million through a two-tranche placement, supported by its largest shareholder and new global institutional investors, to advance the Definitive Feasibility Study and mine development at the Bengwenyama PGM project. This strategic capital raising positions the company to achieve key milestones, including the expected receipt of a Mining Right and progress towards a Final Investment Decision in 2026, reflecting strong investor interest in the company’s long-term value proposition.
Southern Palladium Limited has announced a trading halt on the ASX as it prepares for a capital raising through a share placement and share purchase plan. The halt is to ensure the process is conducted orderly, but the JSE has not declared a similar halt, advising caution for investors trading on the JSE.
Southern Palladium Limited has requested a trading halt on its securities on the ASX and JSE pending an announcement regarding a capital raising initiative. This move is aimed at facilitating an orderly share placement and share purchase plan, which could potentially impact the company’s financial strategy and market positioning.