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VHM Limited
(Sydney:VHM)
VHM Limited (VHM) vs. iShares MSCI Australia ETF (EWA)
VHM Limited Business Overview & Revenue Model
VHM Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.00K | 5.00K | 23.00K | 110.00K | 0.00 | 0.00 |
| Gross Profit | -207.00K | 5.00K | 23.00K | -169.00K | -125.75K | -153.59K |
| EBITDA | -5.46M | -5.46M | -5.72M | -13.18M | -6.59M | -5.17M |
| Net Income | -6.43M | -6.43M | -7.15M | -17.92M | -9.15M | -6.59M |
Balance Sheet | ||||||
| Total Assets | 74.45M | 74.45M | 70.09M | 78.77M | 63.26M | 38.99M |
| Cash, Cash Equivalents and Short-Term Investments | 8.10M | 8.10M | 6.25M | 20.65M | 24.37M | 10.87M |
| Total Debt | 1.63M | 1.63M | 767.00K | 1.02M | 34.42M | 4.16M |
| Total Liabilities | 10.31M | 10.31M | 11.71M | 14.01M | 45.91M | 14.71M |
| Stockholders Equity | 64.14M | 64.14M | 58.38M | 64.76M | 17.34M | 24.28M |
Cash Flow | ||||||
| Free Cash Flow | -11.37M | -9.78M | -14.62M | -34.53M | -16.53M | -9.04M |
| Operating Cash Flow | -5.19M | -5.19M | -5.65M | -12.01M | -3.99M | -4.34M |
| Investing Cash Flow | -4.59M | -4.59M | -7.74M | -20.19M | -10.40M | -2.13M |
| Financing Cash Flow | 12.60M | 11.85M | -1.01M | 26.96M | 27.88M | 17.02M |
VHM Limited Technical Analysis
VHM Limited 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% | |
52 Neutral | AU$135.96M | -15.87 | -10.49% | ― | ― | 16.52% | |
50 Neutral | AU$400.05M | -4.61 | -111.27% | ― | ― | 66.10% | |
50 Neutral | AU$141.06M | -5.21 | -36.29% | ― | ― | -166.67% | |
50 Neutral | AU$363.15M | -34.95 | -27.95% | ― | ― | -43.08% | |
46 Neutral | AU$29.95M | -7.83 | -7.25% | ― | ― | 78.30% | |
40 Underperform | AU$12.96M | -1.10 | -121.65% | ― | ― | -100.21% |
VHM Limited Corporate Events
VHM Limited has terminated its previously announced offtake agreement with Shenghe Resources after unmet conditions precedent, freeing up 100% of rare earths concentrate from its Goschen project for new offtake arrangements. The company has appointed Macquarie Capital as financial advisor to lead discussions with potential offtake and funding partners as it targets first production of rare earths and mineral sands concentrates by the end of 2027, aiming to capitalise on strong global demand for critical minerals and enhance flexibility, margins, and long-term shareholder value.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited has issued 500,000 unquoted performance rights under its employee incentive scheme, with the securities not intended to be quoted on the ASX. The move indicates the company is continuing to use equity-based incentives to align staff and management interests with long-term performance, potentially diluting existing holders but aiming to support retention and motivation of key personnel.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited has applied to the ASX for quotation of 3,675,386 new ordinary fully paid shares, expanding its listed securities on the Australian market. The issuance, formalised via an Appendix 2A filing dated 19 December 2025, indicates an increase in the company’s tradable equity base, which may enhance liquidity for existing shareholders and provide additional capital flexibility for future corporate or project activities.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited has announced a Share Purchase Plan (SPP) for eligible shareholders in Australia and New Zealand, aiming to raise approximately A$1.0 million. The SPP allows shareholders to purchase new shares at a discounted price of A$0.35 per share, matching the recent placement price. The funds from the SPP, along with A$10.3 million raised from a placement, will support the Goschen Project’s early engineering works, land acquisition, and operating costs. This initiative reflects VHM’s strategic efforts to advance its project development and strengthen its financial position.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited has announced the issuance of 29,534,321 fully paid ordinary shares at $0.35 each to institutional investors. This move, which was initially announced on November 21, 2025, aims to bolster the company’s capital base. The company has confirmed compliance with relevant provisions of the Corporations Act and stated there is no excluded information that needs to be disclosed, ensuring transparency and adherence to regulatory standards.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited has announced the quotation of 29,534,321 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a transaction previously announced and aligns with the company’s strategic efforts to enhance its market presence. The issuance of these securities is expected to impact the company’s operations by potentially increasing its capital base, thereby supporting its growth initiatives and strengthening its position within the industry.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited has successfully completed a fully-underwritten institutional placement, raising approximately A$10.3 million through the issuance of 29.5 million new shares at a price of A$0.35 per share. The proceeds will be used to support the Goschen Project’s early engineering works, land acquisition, and operating costs as the company moves towards a Final Investment Decision in the first half of 2026. Additionally, VHM is offering a Share Purchase Plan to eligible shareholders in Australia and New Zealand to raise up to A$1.0 million, allowing them to purchase new shares at the same placement price.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited has announced an equity raising initiative involving an underwritten placement of new fully paid ordinary shares to institutional investors and a non-underwritten share purchase plan for eligible shareholders. This move aims to strengthen the company’s financial position and support its strategic objectives, potentially impacting its market standing and offering opportunities for stakeholders to participate in the company’s growth.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited has announced a proposed issue of securities, involving the issuance of 2,857,142 ordinary fully paid securities under a securities purchase plan, with the record date set for November 20, 2025, and the offer closing on December 12, 2025. Additionally, the company plans to issue 29,534,321 ordinary fully paid securities through a placement, with the proposed issue date being November 27, 2025. This move is likely aimed at raising capital to support the company’s operations or strategic initiatives, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited announced a fully-underwritten institutional placement to raise approximately A$10.3 million and an additional share purchase plan targeting up to A$1.0 million. The funds will support early engineering, procurement, and land acquisition for the Goschen Project, with a final investment decision expected in the first half of 2026. The project has received indicative long-term funding support from the Export-Import Bank of the United States and Export Finance Australia, highlighting its importance in global supply chains. This financial move positions VHM to advance the Goschen Project, aiming to deliver a Tier 1 rare earth and mineral sands project.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited has requested a trading halt on its securities, pending an announcement related to a proposed equity capital raising. This halt will remain in place until either the announcement is made or normal trading resumes on November 25, 2025. The halt is intended to facilitate the capital raising process, which could have significant implications for the company’s financial strategy and market positioning.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited held its 2025 Annual General Meeting where several resolutions were put to vote. Key resolutions included the adoption of the remuneration report, ratification of prior share issues to Bulk Commodity Holdings, adoption of an equity incentive plan, and the re-election of Ian Smith as a director. All resolutions were carried, indicating strong shareholder support for the company’s strategic decisions and governance.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited has achieved significant milestones for its Goschen Project, securing all primary project approvals, including environmental and cultural heritage endorsements, which de-risk the project as it moves towards construction. The company has also advanced its financing strategy with support from Export Finance Australia and the U.S. Export-Import Bank, reflecting strong governmental confidence. These developments align with global strategic interests in diversified rare earth supply, particularly amid geopolitical tensions affecting the sector. VHM’s strengthened executive team is poised to lead the company through the next phases of project funding and development, ensuring the project’s role in regional investment and employment.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
VHM Limited has received approval for the Cultural Heritage Management Plan for its Goschen Project, marking a significant milestone in its development. This approval allows VHM to proceed with formalizing its Work Plan, advancing the project towards development while maintaining a commitment to cultural heritage protection and stakeholder collaboration. The approval aligns with regulatory and community expectations, supporting VHM’s strategic efforts to develop a globally significant rare earth and mineral sands project.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.