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TerraCom Limited
(Sydney:TER)
TerraCom Limited (TER) vs. iShares MSCI Australia ETF (EWA)
TerraCom Limited Business Overview & Revenue Model
TerraCom Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 213.98M | 226.67M | 259.14M | 660.64M | 804.63M | 549.01M |
| Gross Profit | -29.42M | 4.38M | 57.86M | 324.29M | 383.51M | 14.23M |
| EBITDA | -35.02M | -4.32M | 55.00M | 334.61M | 395.61M | -16.36M |
| Net Income | -49.97M | -33.05M | 25.95M | 262.10M | 196.13M | -84.06M |
Balance Sheet | ||||||
| Total Assets | 270.75M | 295.89M | 314.42M | 356.20M | 422.21M | 623.99M |
| Cash, Cash Equivalents and Short-Term Investments | 6.39M | 13.38M | 8.35M | 44.03M | 69.57M | 11.19M |
| Total Debt | 18.85M | 11.00M | 4.18M | 7.27M | 37.33M | 317.42M |
| Total Liabilities | 161.47M | 166.45M | 146.57M | 188.35M | 276.58M | 651.50M |
| Stockholders Equity | 110.74M | 130.01M | 168.26M | 167.33M | 145.51M | -80.41M |
Cash Flow | ||||||
| Free Cash Flow | -5.28M | 13.19M | -28.07M | 236.82M | 316.21M | -22.58M |
| Operating Cash Flow | 1.28M | 18.32M | -15.55M | 247.55M | 324.00M | 5.79M |
| Investing Cash Flow | -765.00K | -1.03M | 6.19M | -2.76M | -22.20M | -43.80M |
| Financing Cash Flow | -5.23M | -12.64M | -26.69M | -270.69M | -245.64M | 39.27M |
TerraCom Limited Technical Analysis
TerraCom Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $3.96B | 9.01 | 17.04% | 8.48% | -1.53% | -7.57% | |
66 Neutral | AU$6.40B | 10.13 | 11.40% | 1.92% | 52.51% | 82.60% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | AU$2.38B | -31.92 | 0.15% | 7.32% | -18.98% | -99.05% | |
50 Neutral | AU$160.84M | -24.72 | 1.34% | ― | -5.47% | -86.96% | |
48 Neutral | AU$120.29M | -0.93 | -29.62% | ― | -12.53% | -264.51% | |
44 Neutral | AU$528.08M | -0.79 | -36.13% | 4.79% | -23.91% | -352.91% |
TerraCom Limited Corporate Events
TerraCom Limited reported an EBITDA loss of $7.0 million and a net loss after tax of $13.8 million for the first half of FY26, as lower benchmark thermal coal prices weighed on earnings despite solid operations at its Blair Athol mine. Average realised prices at Blair Athol fell 17% year on year, compressing per tonne margins even as the mine improved its relativity to the NEWC 6000 index and maintained tight cost control.
Operationally, Blair Athol delivered a 13% increase in sales volumes to 809 kilotonnes, with run-of-mine production broadly flat and FOB cash costs edging lower, underscoring the resilience of the asset in a weaker price environment. Management emphasised the flexibility of its owner-operator model, the stabilising effect of more repeat and term contract sales, and outlined strategic priorities to maximise value from Blair Athol, exit South Africa, and advance the Moorlands Project to strengthen the balance sheet and long-term shareholder returns.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited reported a weaker first half for the six months to 31 December 2025, with revenue from ordinary activities falling 11% to A$98.6 million and a swing to a loss after tax of A$14.5 million, as EBITDA also moved into negative territory. The miner did not declare or pay any dividends for the period, net tangible assets per share slipped to 13.64 cents from 14.94 cents, and while there were no changes in control of entities, its half-year financial report received an unmodified review conclusion from the auditor, underscoring a challenging operating environment for shareholders despite a still-solid franking account balance.
The company’s decision to withhold dividends and the decline in net tangible asset backing highlight pressure on balance-sheet metrics and cash returns, potentially tempering investor sentiment in the near term. However, the clean audit review and stable corporate structure may offer some reassurance that the losses reflect cyclical or operational headwinds rather than governance issues, as TerraCom continues to leverage its diversified coal portfolio across Australia and South Africa.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has applied to the ASX for quotation of 19,285,306 ordinary fully paid shares, with an issue date of 23 February 2026. The securities are being quoted as part of a previously flagged transaction, signalling an expansion of the company’s listed equity base and potential dilution and liquidity implications for existing shareholders.
The application, lodged as a new announcement on 25 February 2026, formalises the move to have these newly issued shares traded on the exchange. While no additional context on the use of proceeds or transaction details is provided, the listing of these securities will increase TerraCom’s free float and may influence market perception and valuation once trading commences.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has notified the ASX of a proposed issue of up to 19,285,306 new fully paid ordinary shares under a placement or similar capital-raising structure. The securities are scheduled to be issued on 23 February 2026, with the company applying for quotation of the new shares on the ASX in line with listing rule requirements.
The capital raising signals TerraCom’s intent to bolster its balance sheet and provide additional funding flexibility for its operations or potential growth initiatives. The placement may lead to some dilution for existing shareholders but is likely aimed at supporting the company’s ongoing activities and maintaining its market presence on the ASX.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom has issued a cleansing notice related to a recently completed share placement of new shares to existing exempt shareholders, conducted without a full disclosure document under Australian corporations law. The company confirmed it is compliant with its financial reporting and continuous disclosure obligations and stated there is no excluded information that would need to be disclosed, providing regulatory assurance around the placement for existing and new investors.
The move signals TerraCom’s continued use of capital markets to support its operations across its coal portfolio, while seeking to streamline the process by targeting investors eligible to participate without a prospectus. By affirming its regulatory compliance and the absence of undisclosed market-sensitive information, the company aims to maintain investor confidence and transparency as it funds ongoing activities in the coal mining sector.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has raised about $1.1 million through a share placement to existing shareholders, issuing roughly 19.3 million new shares at $0.06 each. The proceeds are earmarked to bolster working capital, strengthen the balance sheet and cover transaction costs, underscoring the company’s reliance on its established investor base for balance sheet flexibility.
The new shares were issued on 23 February 2026, marking a relatively small but targeted capital injection. While modest in size, the placement supports TerraCom’s operational liquidity and capital structure in a challenging coal market, helping the miner maintain financial resilience without turning to related parties or broader public equity markets.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has disclosed a change in director Mark Ludski’s indirect interest in the company’s shares, with his relevant holding, via his spouse, increasing from 250,000 to 562,500 fully paid ordinary shares. The additional 312,500 shares were acquired at $0.06 per share through participation in a rights entitlement offer, signalling continued board-level support for the company’s capital-raising activities and potentially reinforcing confidence in TerraCom’s strategic and financial outlook among investors.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has disclosed a change in the holdings of director Mark Lochtenberg, who holds his interest indirectly through Rigi Investments Pty Ltd and Buttonwood Nominees Pty Ltd. On 27 January 2026, Lochtenberg acquired 5,000,000 fully paid ordinary shares at $0.06 per share via participation in TerraCom’s rights entitlement offer, increasing his indirect holding from 17,783,293 to 22,783,293 shares, with no related interests in contracts and no trades occurring during a closed period.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has disclosed a change in director Glen Lewis’s relevant interest in the company’s shares, with his indirect holdings increasing by 502,000 fully paid ordinary shares acquired at $0.06 per share under a rights entitlement offer. Following this transaction, Lewis’s total indirect stake rose to 3,106,354 shares held via Baysoni Pty Ltd and Rainbow Max Limited, signalling continued director participation in the company’s capital raising and potentially reinforcing confidence in TerraCom’s equity among investors.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has disclosed a significant increase in the shareholding of director Danny McCarthy following his participation in the company’s Rights Entitlement Offer. McCarthy acquired 4,886,642 fully paid ordinary shares at $0.06 per share, lifting his total holding from 3,909,314 to 8,795,956 shares, comprised of both direct holdings and an indirect interest via Rainbow Max Limited as trustee for the Rainbow Max unit trust. The transaction underscores strong director support for TerraCom’s capital-raising initiative, which may be viewed positively by investors as an indication of confidence in the company’s outlook and ongoing operations.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has applied for quotation on the ASX of 1,001,207,793 ordinary fully paid shares, effective 27 January 2026, under an Appendix 2A submission. The large volume of securities being quoted, which stems from transactions previously notified to the market, materially increases the number of TerraCom shares available for trading and may affect the company’s capital structure, liquidity profile and the positioning of existing shareholders in the market.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has applied for quotation on the ASX of 1,063,816 new fully paid ordinary shares, with an issue date of 27 January 2026. The additional shares, issued as part of previously announced transactions, will marginally increase the company’s free float and share capital base, providing incremental liquidity for investors and reflecting ongoing corporate activity in line with TerraCom’s market listing obligations.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has announced a proposed placement of up to 1,063,816 new ordinary fully paid shares on the ASX, with an expected issue date of 27 January 2026. The share issue will expand the company’s equity base and may provide additional capital for its operations or strategic initiatives, modestly diluting existing holders but potentially strengthening TerraCom’s financial flexibility and market positioning once the new securities are quoted and begin trading.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has completed a fully subscribed A$60 million renounceable entitlement offer, exceeding its initial A$40 million underwriting, in a move that bolsters its balance sheet and supports its operational and growth plans for 2026. The raising saw roughly A$28 million taken up by eligible shareholders, including around A$17 million from substantial shareholders and A$11 million from other investors, with the remainder covered by the lead underwriter and sub-underwriters, and included strong participation from the board, management and strategic investor Orbit Marketing Pte Ltd; the new shares are scheduled to begin trading on the ASX on 28 January 2026, providing TerraCom with greater financial flexibility to pursue value-accretive opportunities and enhance performance across its coal asset portfolio.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
Regal Partners Funds Management Pty Ltd and its associated entities have notified TerraCom Limited that they have ceased to be a substantial holder in the company, following a series of on-market share disposals conducted between early December 2025 and mid-January 2026. The sales, which cumulatively involved several million TerraCom ordinary shares, reduce Regal’s voting power below the substantial holder threshold, signalling a material shift in the company’s institutional share register and potentially altering the balance of influence among TerraCom’s major shareholders.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has opened applications for its partially underwritten 5-for-4 renounceable entitlement offer, seeking to raise up to approximately $60 million through the issue of new shares to eligible shareholders. The company has dispatched the offer booklet and personalised entitlement and acceptance forms, with the offer scheduled to close on 19 January 2026, marking a significant capital-raising initiative that could strengthen TerraCom’s balance sheet and support its ongoing operations in the coal sector.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has issued a cleansing notice in connection with its recently announced renounceable entitlement offer of new shares to eligible existing shareholders, confirming it will conduct the capital raising without a prospectus and that it remains compliant with its disclosure obligations under the Corporations Act. The company highlighted that substantial shareholder Orbit Marketing Pte Ltd has agreed, via a sub-underwriting arrangement, to take up to A$40 million of any shortfall, which in an extreme scenario could lift Orbit’s relevant interest to as much as 55.31% and effectively give it control, although TerraCom’s board understands Orbit currently has no intention to alter the company’s board, strategy, operations, employment or asset base, and the discounted, widely dispersed structure of the offer means such a level of control is not expected to eventuate.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has announced plans for a renounceable pro rata issue of up to 1,001,207,793 new ordinary fully paid shares, to be quoted on the ASX. The entitlement offer, with an ex-date of 30 December 2025, record date of 31 December 2025, and issue date of 27 January 2026, represents a significant potential expansion of the company’s share base and is likely aimed at raising substantial new equity capital, with implications for existing shareholders’ ownership stakes and the company’s future funding capacity.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has launched a partially underwritten 1.25-for-1 renounceable entitlement offer at A$0.06 per new share to raise up to A$60 million, aiming to strengthen its balance sheet amid sustained coal price pressure. The funds will be used to pay down regulatory, statutory and operational creditors, improve liquidity and provide general working capital, including transaction costs, with management highlighting that the move is intended to remove funding uncertainty and allow a continued focus on operational safety and strategic priorities. All eligible shareholders on the record date can participate and may also apply for additional new shares, while several directors have committed to take up all or part of their entitlements, signalling internal support for the recapitalisation and potentially providing comfort to investors about the company’s efforts to stabilise its financial position.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has disclosed that Gleneagle Securities Nominees Pty Ltd and Bixbite Enterprises Corporation have ceased to be substantial holders in the company following a transfer of beneficial ownership. The transaction involved 160 million fully paid ordinary shares for consideration of $12.8 million, effectively removing this holding from the substantial shareholder register and potentially broadening TerraCom’s shareholder base or altering the influence of former major investors.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited announced that David Norris has ceased to be a director of the company as of December 11, 2025. Norris held 128,513 fully paid ordinary shares indirectly through Davem Nominees Pty Ltd atf D & E Norris Super Fund, but had no direct holdings. This change in directorship may impact the company’s governance structure, but specific implications for stakeholders were not detailed in the announcement.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited announced the resignation of Mr. David Norris from his position as a Director, effective December 11, 2025. The company’s chairman, Mark Lochtenberg, expressed gratitude for Norris’s contributions and wished him well in future endeavors. This change in the board may impact TerraCom’s strategic direction and stakeholder relations, given Norris’s involvement in the company’s operations.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
TerraCom Limited has announced a significant change in its shareholder structure as Bonython Coal No 1 Pty Ltd has ceased to be a substantial holder in the company. This change involved the market sale of 70,320,000 ordinary shares for a total consideration of $5,627,520. The adjustment in shareholding may impact TerraCom’s market dynamics and stakeholder relationships, as it reflects a shift in the company’s ownership landscape.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.