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WhiteHawk Ltd.
(Sydney:WHK)
WhiteHawk Ltd. (WHK) vs. iShares MSCI Australia ETF (EWA)
WhiteHawk Ltd. Business Overview & Revenue Model
WhiteHawk Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.17M | 2.08M | 1.80M | 3.22M | 2.30M | 1.89M |
| Gross Profit | 1.30M | 1.17M | 962.79K | 1.75M | 954.07K | 931.61K |
| EBITDA | -1.21M | -1.54M | -2.53M | -1.41M | -2.24M | -2.55M |
| Net Income | -1.51M | -1.78M | -2.84M | -1.54M | -2.47M | -1.81M |
Balance Sheet | ||||||
| Total Assets | 657.95K | 1.59M | 777.60K | 4.35M | 2.97M | 4.25M |
| Cash, Cash Equivalents and Short-Term Investments | 312.95K | 1.07M | 103.03K | 3.20M | 1.35M | 3.46M |
| Total Debt | 68.13K | 425.07K | 727.90K | 531.94K | 94.14K | 241.10K |
| Total Liabilities | 743.03K | 1.52M | 1.58M | 4.20M | 1.61M | 963.77K |
| Stockholders Equity | -85.08K | 63.36K | -805.99K | 811.36K | 1.36M | 3.28M |
Cash Flow | ||||||
| Free Cash Flow | -862.31K | -1.11M | -3.05M | -499.08K | -1.79M | -1.24M |
| Operating Cash Flow | -862.31K | -1.11M | -3.05M | -488.33K | -1.79M | -1.24M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -7.45K | 91.08K | 371.72K |
| Financing Cash Flow | 1.02M | 2.07M | 983.88K | 1.20M | 889.11K | 1.96M |
WhiteHawk Ltd. Technical Analysis
WhiteHawk Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
48 Neutral | AU$36.30M | -1.30 | -64.51% | 4.99% | -38.38% | -275.50% | |
44 Neutral | AU$8.24M | -2.63 | ― | ― | 13.07% | 68.60% | |
42 Neutral | AU$14.85M | -1.22 | -54.62% | ― | -22.47% | 39.26% | |
42 Neutral | AU$4.76M | -3.06 | -23.31% | ― | 2.15% | -900.00% |
WhiteHawk Ltd. Corporate Events
WhiteHawk has secured a series of new contracts, partnerships and sales channels, highlighted by a US$246,000 grant-backed pilot in Miami-Dade County Public Schools that will create up to 160 cybersecurity internships and deliver cyber risk and vulnerability assessments to as many as 20 local critical-infrastructure and small business entities, particularly those needing Cybersecurity Maturity Model Certification (CMMC) to participate in US defense contracting. Following the formal implementation of the US Department of Defense’s CMMC 2.0 rule in November, the company has signed new CMMC-related contracts with three Defense Industrial Base firms, executed a Master Software & Services Agreement with Evolver to power its new CLEAR supply-chain risk solution, entered a teaming agreement with Leidos for the US$1.9 billion SOCOM APOLLO opportunity, booked two Essential Eight compliance contracts in its APEC unit, and launched a Carahsoft-led marketing campaign for its Cyber Analyst PaaS, collectively expanding its footprint in US federal, defense, education and highly regulated markets while reinforcing its positioning as an automated, scalable cyber risk platform provider.
WhiteHawk Ltd. announced a change in the interest of its director, Melissa King, involving the conversion of performance rights into ordinary shares. This adjustment resulted in an increase of 162,740 ordinary shares and a decrease of the same number of performance rights, reflecting the satisfaction of vesting milestones. The change did not involve any cash consideration and aligns with the company’s ongoing governance and compliance practices.
WhiteHawk Ltd. has issued 162,740 fully paid ordinary shares following the conversion of performance rights under its Performance Rights and Options Plan. This issuance, exempt from disclosure requirements under the Corporations Act, aims to enhance the company’s operational flexibility and market presence, potentially impacting its stakeholders by increasing shareholder value and supporting strategic growth initiatives.
WhiteHawk Ltd. announced the quotation of 162,740 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code WHK, effective November 19, 2025. This move indicates an expansion in the company’s market presence and could potentially enhance liquidity for its shareholders, reflecting a strategic step in its financial operations.
WhiteHawk Limited has opened its first Australian office in Perth to expand its operations in the APEC region and has signed a Memorandum of Understanding (MOU) with Novera to establish a joint venture. This collaboration aims to fast-track the development and commercialization of a cybersecurity risk assessment and governance platform specifically tailored for the Australian market. The partnership leverages WhiteHawk’s cyber risk assessment expertise and Novera’s local market knowledge in digital risk management and compliance. The joint venture will address the intersection of cyber risk, data protection, and AI governance, providing a comprehensive platform for Australian organizations and government agencies. This initiative is expected to enhance WhiteHawk’s industry positioning by aligning its U.S.-originated technologies with Australian regulatory standards, potentially opening opportunities for further localization in other jurisdictions.
WhiteHawk Limited reported invoicing $258K in the third quarter and has $85K in receivables as of September 30, 2025. The company secured a new U.S. University Cyber Research Program contract and is in the process of finalizing an Australian University contract to expand its Cyber Analyst Platform as a Service. Additionally, WhiteHawk submitted a proposal to the U.S. Office of the Secretary of Defense for a $280K project and is preparing to leverage the new Cybersecurity Maturity Model Certification requirements to enhance its market offerings. The company is also responding to a State of Maryland Department of Labor RFP and has been requested by the State of Florida to partner on a state-wide Cyber Resilience Program, potentially leading to a significant $2.2M annual contract.
WhiteHawk Ltd. has announced a strategic investment from Assetora AI & Cyber Fund I, which has acquired a significant number of shares and options, making it a top 10 shareholder. This investment is seen as a strong endorsement of WhiteHawk’s strategy and future direction, providing opportunities for collaboration within Assetora’s ecosystem of AI and cybersecurity businesses. The partnership is expected to accelerate WhiteHawk’s growth and enhance shareholder value, reinforcing its position as a leader in the cybersecurity space.
WhiteHawk Ltd. has announced a change in the director’s interest notice, specifically involving Giuseppe Porcelli. The changes include the acquisition of additional securities through placement participation and free-attaching options, which were approved by shareholders. This adjustment in holdings reflects strategic moves within the company, potentially impacting its market positioning and shareholder interests.
WhiteHawk Ltd. has announced an update regarding the issue price of its securities, correcting it to AUD 0.0115 from the previously stated AUD 0.011. This adjustment reflects a minor change in the pricing details of their securities application, which may have implications for investors and stakeholders monitoring the company’s financial activities.
WhiteHawk Ltd. has issued 20,013,583 fully paid ordinary shares, which are under voluntary escrow until November 24, 2025, as part of a placement announced in July 2025. This issuance, conducted without disclosure under the Corporations Act, allows the shares to be exempt from on-sale restrictions, potentially enhancing WhiteHawk’s financial flexibility and market positioning.
WhiteHawk Ltd. has announced the quotation of 20,013,583 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code WHK. This move is part of a transaction previously announced to the market, and it signifies an important step in the company’s financial strategy, potentially impacting its market positioning and stakeholder interests.
WhiteHawk Ltd. has announced an extension of the closing date for its offer under the Option Prospectus, now set for October 23, 2025. This move allows the company more flexibility in managing the issuance and trading of its WHKOA options, potentially impacting its market operations and stakeholder engagement.
WhiteHawk Ltd. has announced an update regarding the proposed issue of securities, specifically extending the closing date under their Options Prospectus dated 13 October 2025. This extension, detailed in their ASX announcement, reflects a strategic adjustment in their securities offering process, potentially impacting investor timelines and market engagement.