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Sparc Technologies Ltd (AU:SPN)
ASX:SPN
Australian Market

Sparc Technologies Ltd (SPN) AI Stock Analysis

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AU:SPN

Sparc Technologies Ltd

(Sydney:SPN)

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Neutral 55 (OpenAI - 5.2)
Rating:55Neutral
Price Target:
AU$0.21
▲(7.89% Upside)
The score is held back primarily by weak financial performance (ongoing losses and negative operating cash flow) despite strong revenue growth and low leverage. Technicals are a key offset, showing a clear uptrend and positive momentum. Valuation remains pressured due to loss-making earnings and no stated dividend support.
Positive Factors
Revenue Growth
The substantial revenue growth indicates strong market demand and effective business strategies, enhancing long-term prospects and market position.
Balance Sheet Stability
A low debt-to-equity ratio suggests limited financial risk and strong financial health, providing flexibility for future investments and growth.
Cash Flow Improvement
Significant improvement in free cash flow indicates better cash management and potential for reinvestment in growth opportunities, supporting long-term sustainability.
Negative Factors
Profitability Challenges
Ongoing profitability issues highlight challenges in cost management and pricing strategy, potentially affecting long-term financial performance.
Negative Operating Cash Flow
Negative operating cash flow suggests difficulties in generating cash from core operations, which could hinder financial stability and growth potential.
Negative Return on Equity
Negative ROE reflects inefficiency in using equity capital to generate profits, raising concerns about management effectiveness and shareholder value creation.

Sparc Technologies Ltd (SPN) vs. iShares MSCI Australia ETF (EWA)

Sparc Technologies Ltd Business Overview & Revenue Model

Company DescriptionSparc Technologies Ltd (SPN) is a leading technology company specializing in innovative solutions across various sectors, including renewable energy, advanced materials, and smart grid technology. The company focuses on developing cutting-edge products that enhance energy efficiency and sustainability, catering to both commercial and industrial clients. With a strong commitment to research and development, Sparc Technologies aims to deliver high-performance solutions that address the growing demand for eco-friendly technologies.
How the Company Makes MoneySparc Technologies generates revenue through multiple streams, including the sale of proprietary technology products, consulting services, and strategic partnerships. The company monetizes its innovative solutions by offering advanced materials and energy-efficient technologies to manufacturers and energy providers. Additionally, Sparc Technologies engages in consulting services, helping organizations optimize their energy usage and implement sustainable practices. Key revenue streams are bolstered by collaborations with industry leaders and government contracts focused on renewable energy projects. These partnerships not only provide significant financial support but also enhance the company's market reach and credibility in the technology sector.

Sparc Technologies Ltd Financial Statement Overview

Summary
Sparc Technologies Ltd is experiencing strong revenue growth, but profitability remains a significant challenge. The balance sheet is stable with low leverage, but the company needs to improve its return on equity. Cash flow trends are improving, but the company must address its negative operating cash flow to enhance financial health.
Income Statement
Sparc Technologies Ltd has shown significant revenue growth with a 92.9% increase in the latest year, indicating strong top-line expansion. However, the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin remains high at 100%, but the net profit margin is deeply negative, reflecting substantial losses.
Balance Sheet
The balance sheet is relatively stable with a low debt-to-equity ratio of 0.017, suggesting limited leverage and financial risk. However, the return on equity is negative, indicating that the company is not generating profits from shareholders' equity. The equity ratio is healthy, showing a strong equity base relative to total assets.
Cash Flow
The cash flow statement reveals a positive trend in free cash flow growth, which increased by 193.42%. However, the operating cash flow remains negative, and the operating cash flow to net income ratio is unfavorable, indicating challenges in converting income into cash. The free cash flow to net income ratio is slightly above 1, suggesting some efficiency in cash generation relative to net losses.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.15M2.15M1.42M947.37K604.52K64.06K
Gross Profit2.15M2.15M1.42M615.97K432.13K-42.85K
EBITDA-3.21M-1.70M-3.74M-4.88M-14.61M-5.58M
Net Income-2.28M-2.28M-4.27M-4.49M-14.20M-5.63M
Balance Sheet
Total Assets5.33M5.33M3.46M4.40M4.48M4.03M
Cash, Cash Equivalents and Short-Term Investments3.29M3.29M2.71M2.96M2.14M2.93M
Total Debt70.94K70.94K202.97K315.86K399.02K490.99K
Total Liabilities1.13M1.13M529.13K899.13K832.22K635.23K
Stockholders Equity4.20M4.20M2.93M3.51M3.65M3.39M
Cash Flow
Free Cash Flow-2.04M-2.04M-2.24M-2.63M-4.92M-2.68M
Operating Cash Flow-2.02M-2.02M-2.22M-2.47M-4.61M-2.35M
Investing Cash Flow-1.05M-1.05M-19.04K-159.01K309.10K1.53M
Financing Cash Flow3.66M3.66M1.99M3.45M3.50M3.71M

Sparc Technologies Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.19
Price Trends
50DMA
0.16
Positive
100DMA
0.16
Positive
200DMA
0.16
Positive
Market Momentum
MACD
<0.01
Positive
RSI
63.70
Neutral
STOCH
46.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SPN, the sentiment is Positive. The current price of 0.19 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.16, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 63.70 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SPN.

Sparc Technologies 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%
57
Neutral
AU$250.07M-12.00-22.28%16.47%29.53%
55
Neutral
AU$21.86M-8.66-63.81%52.66%
55
Neutral
AU$41.60M-5.25-67.76%7.08%33.70%
53
Neutral
AU$86.49M-98.91-1.75%-5.37%-140.00%
41
Neutral
AU$25.64M-2.76-869.14%340.27%19.44%
37
Underperform
AU$16.60M-2.78-263.52%-32.85%28.00%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SPN
Sparc Technologies Ltd
0.20
>-0.01
-4.76%
AU:AJX
Alexium International Group
0.01
>-0.01
-23.08%
AU:DTZ
Dotz Nano Limited
0.04
-0.05
-54.55%
AU:SDV
SciDev Ltd
0.46
-0.07
-12.50%
AU:CXL
Calix Ltd.
1.18
0.46
63.89%
AU:CG1
Carbonxt Group Ltd.
0.10
0.03
43.94%

Sparc Technologies Ltd Corporate Events

Sparc Books First Commercial Sale of ecosparc Graphene Additive in Protective Coatings Market
Dec 18, 2025

Sparc Technologies has recorded the first commercial sale of its ecosparc® graphene-based additive to a government-linked paint manufacturer in Southeast Asia for use in solvent-based protective coatings, following proof-of-concept testing that showed superior performance compared with rival graphene products and unmodified coatings. The deal marks a key commercialisation milestone that brings in initial revenue, validates six years of R&D and recent collaborations with major industry players, and positions Sparc to scale sales in 2026 using its existing manufacturing capacity and expanding global marketing and distribution channels, without requiring significant new investment.

The most recent analyst rating on (AU:SPN) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Sparc Technologies Ltd stock, see the AU:SPN Stock Forecast page.

Sparc Hydrogen Appoints Alana Barlow as Inaugural CEO
Dec 7, 2025

Sparc Hydrogen, a joint venture of Sparc Technologies, has appointed Ms. Alana Barlow as its inaugural CEO, marking a significant step in its development. With her extensive experience in the hydrogen sector, Barlow’s leadership is expected to advance Sparc Hydrogen’s innovative technology for low-cost green hydrogen production, positioning the company as a leader in the growing market.

The most recent analyst rating on (AU:SPN) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Sparc Technologies Ltd stock, see the AU:SPN Stock Forecast page.

Sparc Hydrogen Pilot Plant Achieves Milestone in Green Hydrogen Production
Dec 4, 2025

Sparc Technologies has announced a significant milestone with its Sparc Hydrogen pilot plant in South Australia achieving sustained hydrogen generation using photocatalysis under concentrated solar conditions. This transition to operational testing marks a crucial step towards the commercialisation of their PWS technology, positioning Sparc Hydrogen at the forefront of the green hydrogen industry. The pilot plant will serve as a key facility for testing and scaling up this technology, which offers a novel approach to producing green hydrogen without the need for solar or wind farms and expensive electrolysers, potentially reducing costs and advancing the decarbonisation of hard-to-abate industries.

The most recent analyst rating on (AU:SPN) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Sparc Technologies Ltd stock, see the AU:SPN Stock Forecast page.

Sparc Technologies Issues New Shares with Compliance Assurance
Nov 27, 2025

Sparc Technologies Ltd has issued 794,872 fully paid ordinary shares without disclosure to investors under the Corporations Act. The company has adhered to relevant provisions of the Act and confirmed there is no excluded information requiring disclosure, indicating compliance and transparency in its operations.

The most recent analyst rating on (AU:SPN) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Sparc Technologies Ltd stock, see the AU:SPN Stock Forecast page.

Sparc Technologies Announces Quotation of New Securities
Nov 27, 2025

Sparc Technologies Ltd has announced the quotation of 794,872 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of the settlement of third-party consulting fees. This move is expected to impact the company’s financial operations by addressing outstanding liabilities and potentially enhancing its market position through improved financial transparency.

The most recent analyst rating on (AU:SPN) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Sparc Technologies Ltd stock, see the AU:SPN Stock Forecast page.

Sparc Technologies Announces Cessation of 7 Million Performance Rights
Nov 13, 2025

Sparc Technologies Ltd announced the cessation of 7,000,000 performance rights due to the expiry of options or other convertible securities without exercise or conversion. This update reflects changes in the company’s issued capital, which may impact its financial structuring and stakeholder interests.

Sparc Technologies Ltd Releases Informational Presentation
Nov 11, 2025

Sparc Technologies Ltd has released a presentation for informational purposes, emphasizing that it does not constitute an offer to sell or solicit securities. The presentation contains forward-looking statements based on estimates and assumptions, highlighting potential risks and uncertainties that could impact the company’s future performance.

Sparc Technologies Secures $981K R&D Tax Refund to Boost Innovation
Nov 10, 2025

Sparc Technologies has received a $981K R&D tax refund for the fiscal year 2025 under the Australian Government’s R&D Tax Incentive program. This non-dilutive funding will bolster Sparc’s cash position, aiding in the commercialization of ecosparc® and supporting further research and development. The financial boost underscores Sparc’s commitment to advancing technologies that enhance sustainability and environmental outcomes in protective coatings and green hydrogen, potentially impacting its industry positioning and stakeholder interests.

Sparc Technologies Partners with Dulux for Historic Lighthouse Coating
Nov 9, 2025

Sparc Technologies has announced a collaboration with Dulux Australia to apply an ecosparc® enhanced protective coating on the Cape Jaffa Lighthouse, marking Sparc’s first project with Dulux and its fifth real-world application with major coatings manufacturers. This initiative is a significant step towards the commercialisation of Sparc’s graphene-based products, showcasing their potential in highly corrosive environments and reinforcing Sparc’s position in the protective coatings market.

Sparc Technologies Advances Green Hydrogen and Graphene Innovations
Oct 30, 2025

Sparc Technologies has completed construction of a pioneering green hydrogen pilot plant in South Australia, backed by a significant Australian Government grant. This facility will advance their PWS reactor technology, aiming to scale and commercialize it for next-generation hydrogen production. Additionally, Sparc’s graphene-based additives continue to show promising results in corrosion reduction, with ongoing field trials and collaborations with industry leaders. These developments position Sparc as a leader in renewable energy innovation, potentially impacting stakeholders by showcasing their technology to new investors and funding bodies.

Sparc Technologies Announces Director’s Interest Change
Oct 29, 2025

Sparc Technologies Limited has announced a change in the director’s interest, specifically involving Mr. Simon Kidston. The change involves the acquisition of 133,334 fully paid ordinary shares and 750,000 unlisted options exercisable at $0.25, expiring on 28 October 2029, through KFT Capital Pty Ltd, a director-related entity. This update reflects adjustments in the director’s securities holdings, which may influence the company’s governance and stakeholder interests.

Sparc Technologies Issues New Shares in Compliance with Corporations Act
Oct 28, 2025

Sparc Technologies Ltd has announced the issuance of 400,002 fully paid ordinary shares without disclosure to investors, in compliance with relevant sections of the Corporations Act 2001. This move, authorized by the Board, indicates the company’s adherence to regulatory requirements, potentially enhancing its market position and investor confidence.

Sparc Technologies Issues 750,000 Unlisted Options
Oct 28, 2025

Sparc Technologies Ltd announced the issuance of 750,000 unlisted options, exercisable at $0.25, set to expire on October 28, 2029. This move is part of an employee incentive scheme and reflects the company’s strategy to motivate and retain talent, potentially impacting its operational efficiency and market competitiveness.

Sparc Technologies Ltd Announces Quotation of New Securities on ASX
Oct 28, 2025

Sparc Technologies Ltd has announced the quotation of 400,002 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 28, 2025. This move is part of previously announced transactions and reflects the company’s ongoing efforts to strengthen its market position and enhance shareholder value.

Sparc Technologies Corrects AGM Voting Results, Confirms All Resolutions Passed
Oct 23, 2025

Sparc Technologies Ltd announced an amendment to the results of its Annual General Meeting held on October 23, 2025. The company identified an administrative error in the initial poll results due to incorrect vote exclusions as per ASX Listing Rules and the Corporations Act 2001. Despite this error, the corrected results show that all resolutions were passed with the required majority, indicating no change in the outcome of the meeting’s decisions.

Sparc Technologies Secures Strong Shareholder Support at AGM
Oct 23, 2025

Sparc Technologies Ltd announced that all resolutions at its Annual General Meeting were passed, reflecting strong shareholder support. This outcome is likely to positively impact the company’s strategic initiatives and strengthen its market position, signaling confidence in its leadership and future plans.

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: Jan 14, 2026