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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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.02M | 31.52M | 71.88M | 155.97M | 38.70M | 13.99M |
| Gross Profit | -61.13M | -55.66M | -37.34M | 18.78M | -44.10M | -56.25M |
| EBITDA | -103.05M | -123.72M | -84.83M | -19.43M | -49.55M | -63.03M |
| Net Income | -176.79M | -125.29M | -125.12M | -35.99M | -71.83M | -88.42M |
Balance Sheet | ||||||
| Total Assets | 1.02B | 692.11M | 1.03B | 840.48M | 589.90M | 559.76M |
| Cash, Cash Equivalents and Short-Term Investments | 65.01M | 87.47M | 124.55M | 133.27M | 73.37M | 97.18M |
| Total Debt | 411.88M | 269.91M | 434.06M | 127.72M | 121.67M | 84.67M |
| Total Liabilities | 533.96M | 309.88M | 508.30M | 194.34M | 187.57M | 128.49M |
| Stockholders Equity | 489.42M | 382.87M | 516.79M | 642.67M | 396.49M | 431.27M |
Cash Flow | ||||||
| Free Cash Flow | -123.53M | -102.71M | -314.57M | -189.40M | -77.26M | -64.88M |
| Operating Cash Flow | -115.57M | -78.64M | -93.08M | -46.42M | -48.34M | -49.58M |
| Investing Cash Flow | -8.22M | -24.07M | -208.79M | -149.27M | -25.77M | -17.12M |
| Financing Cash Flow | 64.75M | 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$198.44M | 114.29 | 1.08% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
41 Neutral | AU$360.67M | -1.72 | -30.60% | ― | -62.37% | 23.19% | |
39 Underperform | AU$54.74M | -18.82 | -6.39% | ― | ― | 37.04% | |
38 Underperform | ― | ― | ― | ― | ― | ― | |
37 Underperform | AU$138.00M | -26.76 | -34.62% | ― | ― | -10.08% | |
32 Underperform | AU$31.14M | -2.21 | -15.13% | ― | ― | 23.60% |
Syrah Resources Corporate Events
Syrah Resources Limited has appointed Samantha Hogg as an Independent Non-Executive Director and Chair-Elect of the Board, succeeding Jim Askew who will retire at the end of December 2025. Mrs. Hogg brings extensive international executive experience in transport, infrastructure, energy, and resources sectors, which is expected to support Syrah’s strategic growth as a leading producer of natural graphite and active anode materials outside China. Her appointment is seen as a strategic move to guide the company in delivering its objectives and enhancing shareholder value.
Syrah Resources Limited has announced a proposed issue of 17,476,862 warrants, with the issuance date set for February 13, 2026. This move is part of a placement or other type of issue, aimed at enhancing the company’s financial position and potentially expanding its market presence, which could have significant implications for its stakeholders and industry positioning.
Syrah Resources announced an extension of the cure date for an alleged default under its offtake agreement with Tesla for supplying natural graphite active anode material from its Vidalia, Louisiana facility. The new cure date is set for January 16, 2026, with a final qualification deadline of February 9, 2026. This extension allows both companies to collaborate on resolving the issue, potentially impacting Syrah’s operations and its positioning within the battery materials industry.
Syrah Resources released its Q3 2025 Quarterly Activities Report, emphasizing that the document is for informational purposes only and does not constitute financial advice or an offer to buy or sell securities. The report includes forward-looking statements based on various assumptions and estimates, highlighting the inherent risks and uncertainties in the company’s future performance. Syrah Resources disclaims any obligation to update these statements and advises investors to exercise caution.
Syrah Resources reported operational highlights for the third quarter of 2025, including the production of 26kt of natural graphite at its Balama operation and the sale of 24kt to third-party customers. The company raised A$70 million to support its Vidalia operations and manage market volatility, while also navigating challenges in the global graphite supply chain due to geopolitical tensions and regulatory changes. Syrah is focused on maintaining production momentum and strengthening its strategic position in the market, aiming to enhance cash flow and supply chain resilience.
Syrah Resources announced that it will release its September 2025 Quarterly Activities Report on October 28, 2025, followed by a conference call hosted by CEO Shaun Verner. This update is significant for stakeholders as it provides insights into the company’s operational performance and strategic positioning in the graphite and anode material markets.
Syrah Resources announced an extension of the cure date for an alleged default under its offtake agreement with Tesla for supplying natural graphite active anode material from its Vidalia, Louisiana facility. The cure date has been extended to November 15, 2025, as both companies collaborate to resolve the issue. The agreement’s termination could occur if final qualification is not achieved by February 9, 2026, potentially impacting Syrah’s operations and its positioning in the graphite supply chain.
Syrah Resources Limited announced that its subsidiary, Syrah Technologies LLC, received an approximately US$11.7 million payment from the US Internal Revenue Service under the Section 45X Production Credit of the Inflation Reduction Act. This credit is linked to the company’s Advanced Manufacturing Production at its Vidalia, Louisiana facility. The funds, which are held in restricted accounts, can be used to support operating costs at the Vidalia facility. The company is eligible for credits equivalent to 10% of production costs, with the credits phasing down from 2030 onwards. This financial boost is expected to support Syrah’s operational costs and strengthen its position in the market.
Syrah Resources faced significant operational challenges during the first half of 2025, with production and sales of natural graphite from Balama severely impacted by prolonged protest actions that halted operations. This resulted in depleted inventory and constrained shipments, exacerbated by competition and oversupply in the Chinese synthetic graphite market. Despite these challenges, there is strong demand for Syrah’s products outside China due to global supply disruptions and geopolitical factors. The company managed to ship a 10kt load to Indonesia post-period, highlighting potential recovery in operations.