VRX Silica Ltd. (VRX) AI Stock Analysis

• Market Cap: AU$46.70M
• Dividend Yield: N/A
• Average Volume (3M): 395.06K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.46
• Revenue Growth: N/A
• EPS Growth: 36.62%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 778,330,500
• 10 Day Avg. Volume: 562,229
• 30 Day Avg. Volume: 395,060
• PEG Ratio: 0.48
• Price to Book (P/B): 2.93
• Price to Sales (P/S): 570.52
• P/FCF Ratio: -20.26
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: AU$0.06 ▼(-11.43% Downside)
• Action: Reiterated Date: 12/03/25
• Date: Action: Reiterated 12/03/25

VRX Silica Ltd.'s overall score is primarily impacted by its financial performance, which shows strong revenue growth but significant challenges in profitability and cash flow. Technical analysis indicates bearish momentum, and valuation metrics reflect unprofitability. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

A 240% reported top-line increase indicates strong demand traction or successful advancement of assets toward commercialisation. Sustained revenue growth can underpin scale economics, improve bargaining power with customers and suppliers, and make future project financing easier if maintained.

Conservative Leverage

A low debt-to-equity position reduces refinancing and insolvency risk while the company advances project development. Conservative leverage provides financial flexibility to fund permitting and construction phases and limits fixed financing burden during multi-year mine buildouts.

Specialized Business Model

Concentration on high-grade silica for glass and specialty applications targets stable industrial end-markets with technical entry barriers. Project focus and product specialization can support long-term offtake relationships and premium pricing for scarce, high-quality silica resources once in production.

Negative Factors

Negative Cash Flows

Persistent negative operating and free cash flows require external funding to sustain operations and progress projects. Relying on capital raises increases dilution risk and can delay construction or commissioning, making it harder to convert resource value into durable shareholder returns.

Ongoing Unprofitability

Consistent negative margins point to structural cost or operational inefficiencies and a long path to achieving profitable operations. Even with revenue growth, inability to generate positive operating income undermines return on capital and prolongs dependence on external financing.

Execution and Offtake Risk

The business depends on moving projects through approvals, financing and construction before meaningful sales. Absence of named offtakes or partners raises execution and market-access risk, lengthening time to cash generation and increasing exposure to permitting and commodity demand shifts.

VRX Silica Ltd. Business Overview & Revenue Model

Company Description

VRX Silica Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Australia. The company explores for silica. It owns 100% interests in the Arrowsmith and the Muchea silica sand projects located to the north of Perth in Western Australia; and the Boyatup silica sand project located to the east of the port town of Esperance. The company was formerly known as Ventnor Resources Limited and changed its name to VRX Silica Limited in December 2018. VRX Silica Limited was incorporated in 2010 and is headquartered in West Perth, Australia.

How the Company Makes Money

VRX Silica generates revenue primarily through the sale of high-quality silica sand products. The company has established key revenue streams by securing supply agreements with customers in the glass and construction industries, which are significant consumers of silica sand. Additionally, VRX Silica may also benefit from partnerships with industrial manufacturers who require silica for specialized applications, such as the production of silicon-based products. The company's financial performance is influenced by the demand and pricing for silica sand in global markets, as well as its operational efficiency and capacity to scale production to meet customer needs.

VRX Silica Ltd. Financial Statement Overview

Summary

VRX Silica Ltd. shows strong revenue growth but struggles with profitability and cash flow. The low debt-to-equity ratio provides financial stability, but negative margins and cash flows highlight operational inefficiencies.

Income Statement

VRX Silica Ltd. has shown significant revenue growth of 240.24% in the latest year, indicating strong top-line expansion. However, the company continues to face challenges with profitability, as evidenced by negative EBIT and net income margins. The consistent negative margins suggest ongoing operational inefficiencies and cost management issues.

Balance Sheet

The company's balance sheet shows a relatively low debt-to-equity ratio, suggesting conservative leverage and financial stability. However, the negative return on equity indicates that the company is not generating profits from its equity base, which could be a concern for investors looking for returns.

Cash Flow

VRX Silica Ltd. has experienced a decline in free cash flow growth, and both operating and free cash flows remain negative. The negative cash flow ratios indicate challenges in converting revenue into cash, which could impact the company's ability to fund operations and growth without external financing.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	102.41K	31.51K	113.48K	56.90K	1.36M
Gross Profit	102.41K	-116.44K	4.53K	-27.63K	1.29M
EBITDA	-2.83M	-3.83M	-4.93M	-4.94M	-1.02M
Net Income	-3.06M	-4.26M	-5.06M	-5.03M	-1.09M
Balance Sheet
Total Assets	20.65M	19.17M	18.56M	22.91M	20.88M
Cash, Cash Equivalents and Short-Term Investments	4.10M	2.31M	1.58M	9.31M	10.44M
Total Debt	247.46K	337.22K	418.16K	188.19K	255.24K
Total Liabilities	698.85K	1.10M	1.02M	1.52M	829.09K
Stockholders Equity	19.95M	18.07M	17.54M	21.39M	20.05M
Cash Flow
Free Cash Flow	-2.88M	-4.85M	-7.77M	-5.51M	-3.04M
Operating Cash Flow	-2.86M	-3.56M	-2.93M	-1.94M	-1.51M
Investing Cash Flow	44.27K	-406.60K	-4.72M	-3.56M	-1.53M
Financing Cash Flow	4.60M	4.70M	-72.99K	4.37M	10.88M

VRX Silica Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VRX, the sentiment is Negative. The current price of 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 25.86 is Positive, neither overbought nor oversold. The STOCH value of 56.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:VRX.

VRX Silica Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CZR	48 Neutral	AU$80.21M	-4.21	-103.22%	―	―	-278.88%
MTH	46 Neutral	AU$67.44M	-12.37	―	―	―	54.26%
DRX	46 Neutral	AU$90.15M	―	-0.27%	―	―	-100.00%
VRX	43 Neutral	AU$46.70M	-13.33	-16.10%	―	―	36.62%
ARN	42 Neutral	AU$88.65M	-2.74	-253.52%	―	―	-971.43%

VRX Silica Ltd. Corporate Events

VRX Silica Options Lapse, Simplifying Capital Structure

VRX Silica Ltd has notified the market that 10 million options (ASX code: VRXAY), exercisable at $0.20 and expiring on 31 December 2025, have lapsed without being exercised. The expiry of these options reduces the company’s pool of outstanding convertible securities, slightly simplifying its capital structure and removing a potential source of future share dilution for existing shareholders.

The most recent analyst rating on (AU:VRX) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on VRX Silica Ltd. stock, see the AU:VRX Stock Forecast page.

VRX Silica Names Veteran Miner Tony Swiericzuk as New CEO in Leadership Transition

VRX Silica has implemented a succession plan for its chief executive role, with long-serving Managing Director Bruce Maluish to step down from his current position in 2026 and transition to a Non-Executive Director role. The company has appointed experienced mining executive Tony Swiericzuk as its new CEO, initially joining part-time from February 2026 before moving to the role full-time by July 2026, bringing more than 30 years of operational, project development and stakeholder engagement experience across multiple commodities. VRX’s board highlighted that Swiericzuk’s track record in taking large-scale mining projects into production positions the company to move from explorer to producer, particularly as it advances its Arrowsmith North silica sand project toward production and progresses development at Muchea, signalling a pivotal leadership shift aimed at strengthening execution capability and enhancing its competitive position in the emerging high-purity silica sand market.

The most recent analyst rating on (AU:VRX) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on VRX Silica Ltd. stock, see the AU:VRX Stock Forecast page.

VRX Silica Ltd. Raises Over $2 Million Through Share Issuance

VRX Silica Ltd. has successfully raised $2,050,400.02 through the issuance of 28,477,778 fully paid ordinary shares at $0.072 per share to sophisticated investors. This capital raise, conducted without the need for disclosure under specific sections of the Corporations Act, signifies the company’s ongoing compliance with relevant legal provisions and supports its strategic financial positioning.

The most recent analyst rating on (AU:VRX) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on VRX Silica Ltd. stock, see the AU:VRX Stock Forecast page.

VRX Silica Ltd. Announces Quotation of New Securities on ASX

VRX Silica Ltd. has announced the quotation of 28,477,778 ordinary fully paid securities on the ASX, as part of transactions previously disclosed to the market. This move is expected to enhance the company’s capital structure and potentially strengthen its market position, benefiting stakeholders by increasing liquidity and financial flexibility.

The most recent analyst rating on (AU:VRX) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on VRX Silica Ltd. stock, see the AU:VRX Stock Forecast page.