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Sparc Technologies Ltd
(Sydney:SPN)
Sparc Technologies Ltd (SPN) vs. iShares MSCI Australia ETF (EWA)
Sparc Technologies Ltd Business Overview & Revenue Model
Sparc Technologies Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.04M | 2.15M | 1.42M | 947.37K | 604.52K | 64.06K |
| Gross Profit | 933.42K | 2.15M | 1.42M | 615.97K | 432.13K | -42.85K |
| EBITDA | -2.79M | -1.70M | -3.74M | -4.88M | -14.61M | -5.58M |
| Net Income | -3.33M | -2.28M | -4.27M | -4.49M | -14.20M | -5.63M |
Balance Sheet | ||||||
| Total Assets | 3.40M | 5.33M | 3.46M | 4.40M | 4.48M | 4.03M |
| Cash, Cash Equivalents and Short-Term Investments | 1.94M | 3.29M | 2.71M | 2.96M | 2.14M | 2.93M |
| Total Debt | 707.02K | 70.94K | 202.97K | 315.86K | 399.02K | 490.99K |
| Total Liabilities | 747.42K | 1.13M | 529.13K | 899.13K | 832.22K | 635.23K |
| Stockholders Equity | 2.65M | 4.20M | 2.93M | 3.51M | 3.65M | 3.39M |
Cash Flow | ||||||
| Free Cash Flow | -2.23M | -2.04M | -2.24M | -2.63M | -4.92M | -2.68M |
| Operating Cash Flow | -2.14M | -2.02M | -2.22M | -2.47M | -4.61M | -2.35M |
| Investing Cash Flow | -706.55K | -1.05M | -19.04K | -159.01K | 309.10K | 1.53M |
| Financing Cash Flow | 3.05M | 3.66M | 1.99M | 3.45M | 3.50M | 3.71M |
Sparc Technologies Ltd Technical Analysis
Sparc Technologies 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$37.27M | -5.55 | -67.76% | ― | 7.08% | 33.70% | |
52 Neutral | AU$24.23M | -6.74 | -63.81% | ― | ― | 52.66% | |
46 Neutral | AU$226.36M | -4.57 | -22.28% | ― | 16.47% | 29.53% | |
45 Neutral | AU$47.52M | -16.13 | -1.75% | ― | -5.37% | -140.00% | |
41 Neutral | AU$21.49M | -1.32 | -869.14% | ― | 340.27% | 19.44% | |
37 Underperform | AU$21.89M | -2.44 | -263.52% | ― | -32.85% | 28.00% |
Sparc Technologies Ltd Corporate Events
Sparc Technologies Limited reported a net loss after tax of A$1.86 million for the half year ended 31 December 2025, compared with the prior corresponding period, reflecting higher non-cash charges and its share of losses from associate Sparc Hydrogen Pty Ltd. Operating cash outflows were A$525,630, with the loss including A$128,176 in share-based payment expenses, A$105,536 in depreciation and amortisation, and a A$46,422 non-cash loss from the associate’s result.
Net tangible assets per security declined to 2.46 cents from 3.00 cents a year earlier, underscoring balance sheet dilution over the period. The company again declared no interim or final dividend, signalling an ongoing emphasis on preserving cash for operations and development activities rather than near-term shareholder distributions.
The interim financial statements were reviewed by the company’s auditors, providing external oversight of the reported figures. This reviewed result highlights the cost structure and investment profile of Sparc Technologies’ growth strategy, with stakeholders facing continued losses but with a significant component driven by non-cash items and early-stage associate exposure.
The most recent analyst rating on (AU:SPN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Sparc Technologies Ltd stock, see the AU:SPN Stock Forecast page.
Sparc Technologies has partnered with the Australian Institute for Machine Learning at the University of Adelaide to co-develop AI-driven software that modernises the assessment of protective coatings, replacing long-standing manual corrosion evaluation methods with advanced computer vision and machine learning. A successful pilot under ISO 12944 corrosion boundary testing, strong industry feedback, and letters of support from multiple coatings sector participants suggest commercial potential for the tool, which targets an estimated addressable market of around 850 laboratories and promises higher accuracy, greater consistency, faster throughput, and richer data in a market where corrosion carries multi-trillion-dollar economic costs globally.
The most recent analyst rating on (AU:SPN) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Sparc Technologies Ltd stock, see the AU:SPN Stock Forecast page.
Sparc Technologies has released the slide deck that Managing Director Nick O’Loughlin will present during an online investor webinar scheduled for 11:30am AEDT on 2 February 2026, with the session aimed at updating the market on the company’s progress and initiatives. A recording of the webinar will be made available afterward via the company’s website and social media channels, providing broader access for investors and stakeholders unable to attend live.
The most recent analyst rating on (AU:SPN) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Sparc Technologies Ltd stock, see the AU:SPN Stock Forecast page.
Sparc Technologies reported that its Sparc Hydrogen joint venture has completed construction and commissioning of a first-of-its-kind green hydrogen pilot plant at the University of Adelaide’s Roseworthy Campus and achieved sustained hydrogen generation under concentrated sunlight, marking a key step toward scaling and commercialising its low-electricity photocatalytic water splitting reactor technology. The company strengthened Sparc Hydrogen’s leadership with the appointment of inaugural CEO Alana Barlow, expanded protection of its reactor IP with additional patents and a new provisional filing, and advanced materials R&D, while its graphene-based ecosparc additive business secured a first commercial sale in Asia, collaborated with Dulux on a lighthouse protective coating project, and gained industry recognition with a best-paper award, all supported by an R&D tax refund and a year-end cash balance of A$1.94 million.
The most recent analyst rating on (AU:SPN) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Sparc Technologies Ltd stock, see the AU:SPN Stock Forecast page.
Sparc Technologies will host an investor webinar on 2 February 2026, led by Managing Director Nick O’Loughlin, to brief investors on recent progress across its graphene-based additives and green hydrogen technology platforms. The session will cover commercialisation milestones for its ecosparc® graphene additive in protective coatings as well as development of Sparc Hydrogen’s photocatalytic water splitting technology and the Roseworthy pilot plant, signalling continued operational momentum in both its advanced materials and emerging green hydrogen businesses and offering investors insight into the company’s evolving technology pipeline and commercial strategy.
The most recent analyst rating on (AU:SPN) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Sparc Technologies Ltd stock, see the AU:SPN Stock Forecast page.
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, 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 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.