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Widgie Nickel Limited
(Sydney:WIN)
Widgie Nickel Limited (WIN) vs. iShares MSCI Australia ETF (EWA)
Widgie Nickel Limited Business Overview & Revenue Model
Widgie Nickel Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -21.50K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -890.73K | -1.73M | -490.19K | -387.99K | -92.31K | 0.00 |
| EBITDA | -3.75M | -3.91M | -1.80M | -1.65M | -2.63M | -27.26K |
| Net Income | -3.27M | -33.77M | -2.30M | -2.06M | -2.04M | -27.26K |
Balance Sheet | ||||||
| Total Assets | 23.77M | 17.03M | 42.78M | 46.96M | 36.77M | 2.19M |
| Cash, Cash Equivalents and Short-Term Investments | 5.93M | 2.34M | 1.69M | 11.84M | 16.44M | 166.81K |
| Total Debt | 87.07K | 130.71K | 113.07K | 278.37K | 358.37K | 2.21M |
| Total Liabilities | 3.69M | 2.94M | 1.24M | 4.05M | 3.53M | 2.25M |
| Stockholders Equity | 20.08M | 14.09M | 41.54M | 42.91M | 33.24M | -60.80K |
Cash Flow | ||||||
| Free Cash Flow | -6.79M | -5.07M | -11.00M | -15.89M | -7.42M | -519.10K |
| Operating Cash Flow | -5.24M | -3.90M | -10.62M | -14.74M | -6.76M | -27.26K |
| Investing Cash Flow | 1.01M | 940.55K | -102.07K | -955.93K | -616.14K | -491.83K |
| Financing Cash Flow | 7.27M | 3.61M | 572.52K | 11.29M | 23.81M | 597.39K |
Widgie Nickel Limited Technical Analysis
Widgie Nickel 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% | |
47 Neutral | AU$12.53M | -2.58 | -11.39% | ― | -28.07% | -29.81% | |
45 Neutral | AU$19.81M | -2.31 | -137.88% | ― | ― | -15.38% | |
45 Neutral | AU$15.65M | -3.54 | -14.48% | ― | ― | ― | |
45 Neutral | AU$21.20M | -9.14 | -2.36% | ― | ― | 84.36% | |
42 Neutral | AU$18.86M | -2.74 | -19.15% | ― | ― | -1034.67% |
Widgie Nickel Limited Corporate Events
WIN Metals Ltd has intensified its focus on gold exploration, completing the acquisition of the Radio Gold Project in September 2025 on favourable terms, aiming to restart production by leveraging existing mine infrastructure and a partially built processing plant. Initial drilling at Radio delivered encouraging results and underpinned a Mineral Resource Estimate announced shortly after the period, supporting the strategic rationale for the purchase.
At its Butchers Creek Gold Project, WIN advanced early technical work and an initial scoping study, reporting promising outcomes in November 2025 and progressing permitting activities alongside a planned drill program at the Golden Crown deposit to feed into an updated feasibility study. The company completed two well-supported capital raisings to fund these initiatives and continues a low-expenditure strategy at the Mt Edwards nickel and lithium project, where improving commodity prices and sentiment, partly driven by Indonesian supply tightening, reinforce management’s confidence in the underlying asset value.
The most recent analyst rating on (AU:WIN) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Widgie Nickel Limited stock, see the AU:WIN Stock Forecast page.
WIN Metals Ltd has disclosed a change in director Andrew James Parker’s interests following his participation in the company’s December 2025 capital placement. Parker acquired 285,714 fully paid ordinary shares at $0.035 per share and 142,857 free attaching listed options, increasing his and associated entities’ holdings in the company.
The transaction, approved by shareholders at a general meeting on 28 January 2026, lifts Parker’s direct and indirect equity exposure and underscores board support for the company’s latest fundraising. The updated holdings span fully paid shares and various listed and unlisted options, signalling continued alignment between management and investors as WIN Metals advances its corporate and project funding strategy.
The most recent analyst rating on (AU:WIN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Widgie Nickel Limited stock, see the AU:WIN Stock Forecast page.
Win Metals Ltd has lodged an application with the ASX for quotation of 78,714,253 new listed options, exercisable at $0.07 per share and expiring two years from their issue date of 3 February 2026. The options, issued on a one-for-two free attaching basis to recent placement shares and contingent on shareholder approval obtained at a 28 January 2026 general meeting, enhance the company’s capital structure and provide an additional potential source of future funding, which may support ongoing exploration and development initiatives and influence shareholder leverage to any future share price appreciation.
The most recent analyst rating on (AU:WIN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Widgie Nickel Limited stock, see the AU:WIN Stock Forecast page.
Win Metals Ltd, listed on the ASX under the code WIN, has applied for quotation of an additional 285,714 fully paid ordinary shares. The company lodged a new Appendix 2A with the ASX on 3 February 2026, confirming that these securities were issued as part of a previously announced transaction, a routine step that modestly increases its quoted share capital and may slightly enhance liquidity for existing and new investors.
The most recent analyst rating on (AU:WIN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Widgie Nickel Limited stock, see the AU:WIN Stock Forecast page.
Win Metals Ltd has released a transaction-specific options prospectus dated 2 February 2026 for an offer of up to 78,571,429 new options to participants in a recent placement and a further 142,857 new options to director Andrew Parker or his nominees. The highly speculative options will only be offered to eligible participants in Australia via application forms and are subject to standard ASIC and ASX regulatory frameworks, with the company emphasising that the document does not constitute financial advice and that investors should rely on the company’s broader continuous disclosure record when assessing the offer.
The most recent analyst rating on (AU:WIN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Widgie Nickel Limited stock, see the AU:WIN Stock Forecast page.
WIN Metals has significantly upgraded the Mineral Resource Estimate at its wholly owned Radio Gold Project in Western Australia to 345,000 tonnes at 3.70 grams per tonne for 41,000 ounces of gold, marking a 46% increase in contained metal over the prior 2018 estimate. Around half of the resource, or 21,000 ounces, is now classified as Indicated, while maiden resources at the Repeater, Radio South and Green Harp domains have added roughly 12,900 ounces and highlighted the broader camp’s scale and optionality, including potential high-margin starter pits. Backed by about 9,000 metres of 2025 drilling and leveraging existing underground infrastructure and largely unmined near-surface material, WIN has commenced detailed mine design, scheduling and development studies, with further drilling and approvals work planned as it targets a potential development decision in 2026, subject to successful technical, economic and regulatory outcomes and with no Ore Reserves yet declared.
The most recent analyst rating on (AU:WIN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Widgie Nickel Limited stock, see the AU:WIN Stock Forecast page.
WIN Metals Ltd has confirmed that all resolutions put to shareholders at its 28 January 2026 general meeting were passed by poll, including the ratification of prior share placements under Listing Rules 7.1 and 7.1A, approval to issue free attaching placement options, and approval to issue placement securities to director Andrew Parker. The strong poll support across all resolutions, with each carried by more than 97% of votes cast in favour, effectively validates the company’s recent capital-raising activities and provides additional flexibility for future funding, reinforcing its capital structure and governance backing from shareholders.
The most recent analyst rating on (AU:WIN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Widgie Nickel Limited stock, see the AU:WIN Stock Forecast page.
WIN Metals reported a pivotal December quarter marked by the completion of a transformational Scoping Study for its 100%-owned Butchers Creek Gold Project, outlining a technically and financially viable standalone open pit and underground operation with a nine-year mine life, forecast recovered production of about 200,000 ounces of gold and strong project economics underpinned by high-grade feed and a conventional 600ktpa CIL processing plant. In parallel, the company delivered strong drilling results at the Radio Gold Project, extending high-grade mineralisation at the Repeater prospect and along strike at Radio Main and paving the way for a maiden Mineral Resource and potential near-term development options, while a A$5.5 million capital raising has strengthened the balance sheet to fund ongoing drilling, the advancement of Butchers Creek and general working capital, positioning WIN to progress its growth strategy and enhance shareholder value.
The most recent analyst rating on (AU:WIN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Widgie Nickel Limited stock, see the AU:WIN Stock Forecast page.
WIN Metals has reported remaining assay results from its maiden 2025 drilling program at the 100%-owned Radio Gold Project in Western Australia, confirming shallow gold mineralisation at the historic Radio South and Green Harp mines and identifying near-surface ore-grade intercepts around the old Radio Mill. Surface sampling at the Repeater area has also confirmed outcropping main lode mineralisation, reinforcing the potential for low-cost, near-surface extraction and supporting the company’s strategy to advance Radio as a near-term production restart option in 2026, subject to studies and approvals, with work now focused on expanding Mineral Resources and optimising both open-pit and underground mine designs.
The most recent analyst rating on (AU:WIN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Widgie Nickel Limited stock, see the AU:WIN Stock Forecast page.