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Syrah Resources
(Sydney:SYR)
Syrah Resources (SYR) vs. iShares MSCI Australia ETF (EWA)
Syrah Resources Business Overview & Revenue Model
Syrah Resources Earnings Call Summary
Syrah Resources Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 31.52M | 71.88M | 155.97M | 38.70M | 13.99M |
| Gross Profit | -55.66M | -37.34M | 18.78M | -44.10M | -56.25M |
| EBITDA | -123.72M | -56.31M | -19.43M | -49.55M | -63.03M |
| Net Income | -125.29M | -125.12M | -35.99M | -71.83M | -88.42M |
Balance Sheet | |||||
| Total Assets | 692.11M | 1.03B | 840.48M | 589.90M | 559.76M |
| Cash, Cash Equivalents and Short-Term Investments | 87.47M | 124.55M | 133.27M | 73.37M | 97.18M |
| Total Debt | 269.91M | 434.06M | 126.19M | 118.37M | 83.25M |
| Total Liabilities | 309.88M | 508.30M | 194.34M | 187.57M | 128.49M |
| Stockholders Equity | 382.87M | 516.79M | 642.67M | 396.49M | 431.27M |
Cash Flow | |||||
| Free Cash Flow | -102.71M | -314.57M | -189.40M | -77.26M | -64.88M |
| Operating Cash Flow | -78.64M | -93.08M | -46.42M | -48.34M | -49.58M |
| Investing Cash Flow | -24.07M | -208.79M | -149.27M | -25.77M | -17.12M |
| Financing Cash Flow | 105.89M | 297.51M | 249.92M | 45.27M | 57.73M |
Syrah Resources Technical Analysis
Syrah Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥179.17B | 11.24 | 5.69% | 3.09% | 2.75% | -12.76% | |
46 Neutral | AU$172.93M | 97.14 | 1.05% | ― | ― | ― | |
44 Neutral | $412.42M | ― | -33.63% | ― | -33.27% | -10.07% | |
39 Underperform | AU$21.28M | ― | -3.74% | ― | ― | 67.62% | |
38 Underperform | AU$17.18M | ― | -8.45% | ― | ― | ― | |
37 Underperform | AU$158.69M | ― | -44.88% | ― | ― | -92.59% | |
32 Underperform | AU$39.95M | ― | -18.38% | ― | ― | 10.42% |
Syrah Resources Corporate Events
Syrah Resources Limited has announced the quotation of 163,422,440 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective from August 7, 2025. This development is part of a previously announced transaction, reflecting the company’s ongoing efforts to enhance its market presence and operational capacity.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources Limited has announced a fully underwritten entitlement offer to raise approximately A$50 million and a placement to institutional investors to raise an additional A$20 million. The funds are intended to support the company’s operations and strategic initiatives. The entitlement offer includes both institutional and retail components, with specific eligibility criteria for participation. Ineligible retail shareholders will not be able to participate, and a nominee has been appointed to manage the sale of shares that would have been available to them. This capital raising effort is crucial for Syrah Resources as it aims to strengthen its financial position and continue its growth in the graphite market.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources Limited has announced the opening of its retail entitlement offer, which is part of a fully underwritten 1 for 5.42 pro rata accelerated non-renounceable entitlement offer. This offer is designed to raise equity and is open to eligible retail shareholders in Australia and New Zealand. The offer is expected to close on August 20, 2025. This move is likely to impact Syrah’s financial position and could influence its market strategy by potentially increasing its capital base, thereby supporting its operations and expansion plans.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources Limited has successfully completed its institutional placement and entitlement offer, raising approximately A$42 million from existing and new institutional shareholders. The total expected capital raise, including the retail component, is approximately A$70 million. This funding will support Syrah’s operations and enhance its market positioning. The new shares issued will rank equally with existing shares, and the trading halt on Syrah’s shares has been lifted, allowing trading to resume on the ASX.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources has announced a fully underwritten pro-rata accelerated non-renounceable entitlement offer, allowing eligible shareholders to purchase new shares. The offer, underwritten by Jarden Australia and sub-underwritten by AustralianSuper, could potentially increase AustralianSuper’s voting power in the company, depending on the uptake by other shareholders. The entitlement offer is not expected to impact Syrah’s daily operations.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources has resumed production at its Balama graphite operation in Mozambique after nearly a year of inactivity, achieving high product quality and stable operations. The company has resolved resettlement issues with local farmers, allowing for the continuation of operations and preparation for high-volume shipments. Additionally, Syrah is progressing with its Vidalia AAM expansion in the US, awaiting commercial sales to optimize costs. The company is also navigating new US import tariffs on Chinese graphite and AAM imports, which may enhance domestic sales opportunities.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources Limited announced a proposed issue of securities through an accelerated non-renounceable entitlement offer and a placement. The company plans to issue up to 192,296,092 ordinary fully paid securities for the accelerated offer and 76,934,677 for the placement. This move aims to strengthen the company’s capital base and support its ongoing operations, potentially impacting its market positioning and shareholder value.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources announced an equity capital raising initiative, including a placement of new shares to institutional investors and an entitlement offer for existing shareholders. This move is aimed at strengthening the company’s financial position and supporting its ongoing operations, potentially impacting its market presence and stakeholder interests.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources Limited announced a capital raising initiative to secure approximately A$70 million through an institutional placement and entitlement offer. The funds will be used to support Vidalia operating costs, DOE loan reserves, and general corporate expenses. The company has also entered into a forbearance agreement with the US Department of Energy, deferring US$16 million in loan payments to 2032, and extended a waiver with the US International Development Finance Corporation to facilitate further loan disbursements for the Balama operations. These financial moves are designed to enhance Syrah’s cash flow sustainability and strengthen its market position.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources has successfully commenced loading a significant breakbulk shipment of natural graphite at Pemba port, Mozambique, following the resumption of production at its Balama Graphite Operation. This marks a crucial step in restoring operations after site access was regained in May 2025, with the company planning further shipments to the USA by the end of September 2025. The removal of the force majeure declaration under the Mining Agreement signifies a return to normal operations, potentially strengthening Syrah’s market position and reassuring stakeholders of its operational stability.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources Limited has announced the appointment of Mr. Robert Edel as a new director, effective from July 17, 2025. The Initial Director’s Interest Notice indicates that Mr. Edel currently holds no relevant interests in securities, either as a registered holder or otherwise, and has no interests in contracts related to the company. This appointment is part of the company’s ongoing efforts to strengthen its leadership team, potentially impacting its strategic direction and stakeholder relations.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources has announced the appointment of Mr. Robert Edel as a Non-executive Director, effective 17 July 2025. Mr. Edel brings over 35 years of experience in the mining, energy, and infrastructure sectors, enhancing the company’s strategic capabilities. His expertise in project acquisition and development across African jurisdictions is expected to bolster Syrah’s operational and industry positioning.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources has resumed natural graphite production at its Balama Graphite Operation in Mozambique after restoring site access. The company plans to increase production to meet the growing demand for its products, particularly outside China, due to global supply disruptions. Syrah is working with local authorities to ensure smooth operations and plans to expedite shipments to ex-China destinations to accelerate cash flow.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources has announced a change in its registered office address to Suite 2, Level 11, 385 Bourke Street, Melbourne, effective immediately. The company’s telephone number and other details remain unchanged, indicating a minor administrative update with no significant impact on its operations or stakeholders.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources has clarified its previous disclosure regarding the offtake agreement with Tesla for supplying natural graphite active anode material from its Vidalia, Louisiana facility. The agreement’s offtake obligation is contingent on the final qualification of the material to Tesla’s satisfaction by February 2026, with potential termination options for both parties if qualifications are not met by specified dates. The ongoing qualification processes are crucial for commencing commercial sales, impacting Syrah’s operations and its positioning within the battery materials supply chain.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources Limited announced the results of its Annual General Meeting held on May 23, 2025, where all resolutions were carried. Key resolutions included the adoption of the remuneration report, re-election of a director, approval of performance rights and share issues to executives and directors, and the renewal of proportional takeover provisions. The successful passage of these resolutions reflects strong shareholder support and positions the company for continued strategic growth and governance stability.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources, a company listed on the ASX under the ticker SYR, held its Annual General Meeting on May 23, 2025. The presentation highlighted that the company does not provide financial product advice and emphasized the risks associated with securities transactions. The company also issued a disclaimer regarding forward-looking statements, noting that these are based on estimates and assumptions subject to various uncertainties.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources faced significant challenges in 2024 due to Chinese market conditions and political events in Mozambique and the US. Despite these hurdles, the company achieved milestones such as commencing production at its Vidalia facility and diversifying sales geographically. The company also dealt with operational interruptions due to protests in Mozambique, which were resolved by early 2025. Syrah’s strategic focus on diversifying its market and strengthening its financial position through equity raising and loans has positioned it to capitalize on the growing demand for natural graphite outside China.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources Limited announced the retirement of its Chair, Mr. Jim Askew, by the end of 2025. Mr. Askew has been instrumental in guiding the company through significant transformations, including the development of its Balama Graphite Operation and Vidalia Active Anode Material facility, establishing Syrah as a key player in the global graphite and anode material market. The company is actively seeking a new Chair to ensure a smooth transition and is also in the process of appointing a new Non-Executive Director, indicating a strategic shift in its leadership structure.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
Syrah Resources has remobilized teams to its Balama Graphite Operation in Mozambique after site access was restored, aiming to resume production by the end of June 2025. The company is addressing minor maintenance needs and plans to prioritize power restoration and site security. With a significant run-of-mine inventory, Syrah expects to meet the increasing demand for its natural graphite products, driven by supply disruptions in the ex-China market. The company is working with local authorities to ensure operational support and is in discussions to address historical loan defaults with U.S. financial entities.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.