Top Page
Syrah Resources
(Sydney:SYR)
Syrah Resources (SYR) vs. S&P 500 (SPY)
Syrah Resources Business Overview & Revenue Model
Syrah Resources Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 47.71M | 153.17M | 38.70M | 15.67M | 103.87M | Gross Profit |
| -78.05M | 18.78M | -44.10M | -56.25M | -56.29M | EBIT |
| -101.33M | -55.18M | -67.44M | -74.88M | -86.04M | EBITDA |
| -56.31M | -19.43M | -53.28M | -60.35M | -68.74M | Net Income Common Stockholders |
| -126.40M | -35.99M | -71.83M | -88.42M | -187.86M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 124.55M | 133.27M | 72.78M | 97.18M | 114.63M | Total Assets |
| 700.05M | 840.48M | 589.90M | 559.76M | 614.74M | Total Debt |
| 295.84M | 126.19M | 118.37M | 83.25M | 82.96M | Net Debt |
| 210.95M | -7.08M | 45.59M | -13.94M | -31.66M | Total Liabilities |
| 346.44M | 194.34M | 187.57M | 128.49M | 114.19M | Stockholders Equity |
| 516.79M | 642.67M | 396.49M | 431.27M | 500.55M |
| Cash Flow | Free Cash Flow | |||
| -314.57M | -189.40M | -77.26M | -64.88M | -101.04M | Operating Cash Flow |
| -93.08M | -46.42M | -48.34M | -49.58M | -50.16M | Investing Cash Flow |
| -208.79M | -149.27M | -25.77M | -17.12M | -52.68M | Financing Cash Flow |
| 297.51M | 249.92M | 45.27M | 57.73M | 107.77M |
Syrah Resources Technical Analysis
Syrah Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | AU$2.98B | 1,418.92 | -36.53% | 10.51% | -28.50% | -532.61% | |
52 Neutral | AU$219.32M | ― | -17.81% | ― | 87.89% | -344.44% | |
49 Neutral | $1.95B | -1.37 | -21.43% | 3.74% | 0.84% | -29.84% | |
48 Neutral | $4.04B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
46 Neutral | $4.70B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
44 Neutral | $255.35M | ― | -33.63% | ― | -33.27% | -10.07% | |
36 Underperform | €1.21B | ― | -6.32% | ― | ― | 3.33% |
Syrah Resources Earnings Call Summary
Syrah Resources Corporate Events
Syrah Resources has released its Q1 2025 Quarterly Activities Report, providing an update on its operations and financial performance. The report includes forward-looking statements about the company’s future performance, highlighting the inherent risks and uncertainties in the market. Syrah Resources emphasizes the importance of seeking professional advice before making investment decisions, as securities transactions involve various risks.
Syrah Resources faced operational challenges in the first quarter of 2025, with no production at its Balama site due to ongoing protest actions. Despite these setbacks, the company made progress in its Vidalia operations, securing a multi-year agreement with Lucid for anode material supply and receiving a significant tax credit for expansion. The company is navigating geopolitical and market dynamics, including new US tariffs on Chinese imports and evolving customer procurement strategies, which could impact its market positioning.
Syrah Resources Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for May 23, 2025, in Melbourne. Due to recent legislative changes, the company will provide meeting materials electronically, with physical copies available upon request. This shift reflects a broader industry trend towards digital communication, potentially enhancing shareholder engagement and reducing environmental impact.
Syrah Resources Limited announced the cessation of a significant number of performance rights, totaling over 500,000, due to either the expiry of options or the lapse of conditional rights that were not satisfied. This cessation of securities may impact the company’s capital structure and could have implications for its financial strategy and stakeholder interests.
Syrah Resources announced a change in the director’s interest, with Managing Director and CEO Shaun Verner selling 300,000 shares to meet personal tax obligations. Despite the sale, Mr. Verner retains a significant holding of over 4 million shares and performance rights. This transaction reflects a personal financial decision by the CEO and is not expected to impact the company’s operations or market positioning.
Syrah Resources announced the issuance of 100,000 fully paid ordinary shares following the exercise of vested performance rights under its Equity Incentive Plan. This move is part of the company’s compliance with the Corporations Act, reflecting its ongoing commitment to transparency and regulatory adherence, potentially impacting its market operations and stakeholder relations positively.
Syrah Resources Limited has announced the issuance of 100,000 fully paid ordinary securities, which will be quoted on the ASX as of March 31, 2025. This move is part of the company’s strategic financial operations, potentially impacting its market position and offering new opportunities for stakeholders.
Syrah Resources has updated its Securities Trading Policy in compliance with ASX Listing Rule 12.10. This update, authorized by the company’s Managing Director, Shaun Verner, reflects Syrah’s commitment to maintaining transparency and regulatory compliance, which is crucial for its stakeholders and market positioning.
Syrah Resources Ltd has recently seen Citigroup Global Markets Australia Pty Limited become a substantial shareholder, with a voting power of 5.3132% through various related entities. This development indicates a significant investment in Syrah Resources by Citigroup, potentially impacting the company’s market position and signaling confidence in its future prospects.
Syrah Resources Limited has released its corporate governance statement for the financial year ending December 31, 2024, which is available on their website. The statement, approved by the board, outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, demonstrating their commitment to transparency and accountability in corporate governance. This release is crucial for stakeholders as it provides insights into the company’s governance practices and compliance with industry standards.
Syrah Resources reported a challenging year in 2024 with a net loss of US$125 million despite achieving significant milestones like the commencement of operations at its Vidalia facility in the USA, making it the first commercial-scale natural graphite AAM supplier outside China. The company faced volatile market conditions, particularly due to China’s dominance in the graphite market and local disruptions in Mozambique, which impacted its operations and sales. Syrah secured multi-year offtake agreements and financial support to sustain its operations and continues to focus on safety, responsible mining, and local workforce development.
Syrah Resources has released its 2024 Annual Report, highlighting its role as a key supplier of critical natural graphite and anode products at a commercial scale. The report underscores the company’s commitment to providing high-quality products that meet environmental standards, which is crucial for its operations and market positioning in the competitive battery and industrial sectors.
Syrah Resources has entered into a significant three-year agreement with Lucid Group to supply natural graphite active anode material from its Vidalia facility in the USA. This deal, starting in 2026, will see Lucid or its battery suppliers purchase approximately 7,000 tonnes of material, with pricing tied to a natural flake graphite index. The agreement solidifies Syrah’s position as a key supplier in the North American market, offering critical mineral security and reducing reliance on Chinese anode products, which is vital for US electric vehicle manufacturers to qualify for tax credits under the Inflation Reduction Act.
Citigroup Global Markets Australia Pty Limited and its related entities have announced that they have ceased to be substantial holders in Syrah Resources Ltd as of February 18, 2025. The notice outlines changes in relevant interest where Citigroup entities have decreased or increased their interest in Syrah’s ordinary fully paid shares due to securities lending agreements and stock market transactions. This change could impact the company’s market dynamics and investor confidence, as substantial holder changes often reflect shifts in institutional confidence and investment strategy.
Syrah Resources Limited has announced a change in the securities interest of its director, Shaun Verner. The change involved the partial lapse of unlisted performance rights under the company’s Five Year Performance and Retention Incentive plan. This adjustment does not affect the number of fully paid ordinary shares held indirectly through the trust entities associated with Mr. Verner.
Syrah Resources Limited announced the cessation of 652,500 performance rights due to the lapse of conditions required for their issuance, effective February 14, 2025. This development may affect the company’s capital structure and investor perceptions, as the lapse indicates unmet performance conditions, highlighting challenges in meeting certain operational or financial targets.
Syrah Resources Limited has announced a change in the director’s interest, highlighting that John Beevers has acquired additional Non-Executive Director Share Rights as part of a salary sacrifice program. This program, approved by shareholders in 2023, allows directors to convert a portion of their fees into share rights, potentially aligning their interests more closely with shareholders and enhancing their stake in the company.
Syrah Resources Limited has announced the issuance of 11,395,844 performance rights under its employee incentive scheme, which are not intended to be quoted on the Australian Securities Exchange (ASX). This move reflects the company’s strategy to motivate and retain its workforce while potentially impacting its financial performance and operational efficiency.
Syrah Resources Limited has announced the issuance of 763,719 unquoted share rights under an employee incentive scheme, which will not be listed on the ASX. This strategic move is likely aimed at enhancing employee engagement and retention, aligning staff incentives with corporate growth, and potentially impacting the company’s operational dynamics by strengthening its workforce alignment with long-term objectives.
Syrah Resources Limited has announced the application for the quotation of 1,853,306 ordinary fully paid securities, as a result of options being exercised or convertible securities being converted. This move could potentially enhance the company’s market capitalization and provide additional liquidity, reflecting positively on the company’s market positioning and offering potential benefits for investors and stakeholders.
Syrah Resources Limited has announced a change in the indirect shareholding interests of its director, Shaun Verner. The update reveals a disposal of 325,013 unlisted performance rights, resulting from the lapse of 2022 unlisted performance rights, impacting the overall securities held by the director. This change is part of the company’s regular updates on directors’ interests, complying with regulatory requirements and maintaining transparency with stakeholders.
Syrah Resources Limited has announced the cessation of 1,427,688 performance rights due to conditions not being met or becoming unachievable. This update may affect the company’s stock performance and investor sentiment, as it reflects on the company’s strategic fulfillment and operational milestones.