Zeotech Limited (ZEO) AI Stock Analysis

• Market Cap: AU$148.13M
• Dividend Yield: N/A
• Average Volume (3M): 2.17M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: N/A
• EPS Growth: 25.00%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 2,057,320,800
• 10 Day Avg. Volume: 3,196,223
• 30 Day Avg. Volume: 2,173,181
• PEG Ratio: 1.08
• Price to Book (P/B): 10.81
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -34.05
• 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: AU$0.15
• Price Target Upside: 87.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: AU$0.07 ▼(-17.50% Downside)
• Action: Reiterated Date: 01/04/26
• Date: Action: Reiterated 01/04/26

The score is driven primarily by weak financial performance (revenue collapsing to zero, ongoing losses, and persistent negative cash flow). Technical signals are broadly neutral and do not offset the fundamental risk, while valuation is constrained by negative earnings and no dividend support.

Positive Factors

Modest leverage

Low debt-to-equity provides durable financial flexibility and lowers solvency risk relative to peers. With modest leverage the company has greater capacity to absorb further operating losses without immediate default, giving management runway to pursue commercialization or restructuring strategies.

Strong gross profit when active

Reported strong gross profit on periods with revenue suggests favorable unit economics and a product cost structure that can support healthy margins. If the company restores consistent sales, these gross margins offer a credible path to profitability without needing unsustainably deep price cuts.

Improving cash flow trend

A meaningful improvement in free cash flow versus the prior year indicates initial operational progress and better cost control. Though still negative, this trend reduces near-term funding pressure and, if sustained alongside revenue recovery, materially lowers dilution and financing risk.

Negative Factors

Revenue collapse

A complete loss of reported revenue is a fundamental structural risk: it severs the firm's ability to demonstrate product-market fit and monetize its assets. Without revenue the company cannot leverage gross margins or scale operations, making future profitability and cash self-sufficiency highly uncertain.

Persistent cash burn

Consistent negative operating and free cash flow signal ongoing cash burn that must be covered by external financing. Over multiple periods this weakens negotiating leverage, increases dilution risk, and constrains investment in sales, scale-up, and product development essential for durable recovery.

Eroding equity and negative ROE

Declining equity and sustained negative ROE reflect persistent value destruction and poor capital returns. This undermines investor confidence and makes raising new equity more costly, limiting strategic options and increasing the probability that future funding will dilute existing holders.

Zeotech Limited Business Overview & Revenue Model

Company Description

Zeotech Limited operates as a mineral processing technology company in Australia. It primarily explores for kaolin deposits. The company holds 100% interests in the Abercorn project that consists of 50 sub-blocks situated in Queensland; and Toondoon project covering an area of approximately 28,000 hectares located to the south of Munduberra, Queensland. It also holds proprietary mineral processing technology for production of synthetic zeolites. The company was formerly known as Metalsearch Limited and changed its name to Zeotech Limited in December 2020. Zeotech Limited was incorporated in 2009 and is based in Brisbane, Australia.

How the Company Makes Money

Zeotech Limited generates revenue primarily through the sale of its proprietary synthetic zeolite products. These products are marketed for use in diverse applications, including soil conditioning in agriculture, pollutant removal in water treatment, and as additives in industrial processes. The company may also engage in strategic partnerships and collaborations with industry players to expand its market reach and enhance its technology offerings. Additionally, Zeotech may receive government grants or incentives aimed at supporting innovative environmental technologies, further contributing to its earnings.

Zeotech Limited Financial Statement Overview

Summary

Weak fundamentals: revenue is small and volatile and fell to zero in 2025, with persistent operating/net losses and consistently negative operating and free cash flow (ongoing cash burn). The main offset is modest leverage, but continued losses pressure equity and raise funding/dilution risk.

Income Statement

Revenue has been small and volatile, culminating in 2025 (annual) revenue falling to zero (down 100% year over year). Profitability is consistently weak with large operating losses and net losses across all periods, and margins remain deeply negative despite generally strong gross profit in earlier years. The key positive is that the gross profit profile (when revenue exists) has been relatively strong, but it is outweighed by a cost base that continues to drive sizeable losses.

Balance Sheet

Leverage is modest, with debt-to-equity remaining low even as debt increased in 2024–2025, which helps limit financial risk. However, equity has trended down from its 2023 level and returns on equity are consistently negative, reflecting ongoing losses and weak value creation. Overall, the balance sheet appears better positioned than earnings, but sustained losses can continue to pressure equity over time.

Cash Flow

Operating cash flow and free cash flow are negative every year, indicating persistent cash burn. While free cash flow decline was less severe in 2024–2025 (and 2025 shows a sharp improvement versus the prior year), cash generation remains materially negative and not self-funding. A relative strength is that free cash flow has generally tracked net losses (often similar magnitude), but there is no evidence yet of consistent positive cash conversion.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	775.12K	1.07M	645.64K	178.29K
Gross Profit	-182.88K	775.12K	910.42K	618.92K	173.13K
EBITDA	-5.05M	-3.62M	-3.30M	-4.84M	-2.91M
Net Income	-4.41M	-5.53M	-2.47M	-4.23M	-2.92M
Balance Sheet
Total Assets	12.94M	12.84M	14.95M	9.52M	11.52M
Cash, Cash Equivalents and Short-Term Investments	2.35M	2.27M	4.21M	3.05M	5.85M
Total Debt	1.27M	816.77K	366.03K	476.00K	0.00
Total Liabilities	1.91M	1.30M	741.92K	659.46K	159.88K
Stockholders Equity	11.03M	11.54M	14.21M	8.86M	11.36M
Cash Flow
Free Cash Flow	-3.50M	-2.60M	-3.64M	-2.79M	-2.73M
Operating Cash Flow	-3.44M	-2.56M	-1.75M	-2.47M	-2.18M
Investing Cash Flow	-164.74K	-104.94K	-1.89M	-465.04K	-550.47K
Financing Cash Flow	3.69M	717.85K	4.95M	-11.62K	7.02M

Zeotech Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ZEO, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and above the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.30 is Neutral, neither overbought nor oversold. The STOCH value of -13.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ZEO.

Zeotech Limited 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%
PSC	52 Neutral	AU$320.68M	-12.15	-20.60%	―	―	7.28%
AGE	51 Neutral	AU$212.98M	-5.58	-8.25%	―	―	-55.56%
ASM	47 Neutral	AU$416.83M	-3.61	-12.73%	―	2.00%	8.82%
EQR	46 Neutral	AU$1.57B	-1.72	-84.61%	―	149.43%	1.20%
BSX	45 Neutral	AU$71.56M	-5.63	-18.67%	―	―	53.31%
ZEO	44 Neutral	AU$148.13M	-27.04	-39.06%	―	―	25.00%

Zeotech Limited Corporate Events

Zeotech accelerates Toondoon mining plans and secures key partners for AusPozz™ low‑carbon concrete push

Zeotech’s December quarter was marked by accelerating mining readiness at the Toondoon Kaolin Project and significant progress in commercialising its AusPozz™ metakaolin for low-carbon concrete. The company completed key cultural heritage and ecological surveys, advanced cultural heritage early works, executed a haul road compensation agreement to fast-track mine access, and undertook a large-scale test pit campaign producing about 2,300 tonnes of kaolin to inform detailed mine planning and process design scheduled for early 2026. It also advanced regulatory and infrastructure planning through a Traffic Impact Assessment and early engagement with Queensland’s transport authorities, while separately preparing landfill sites for methane control field trials under a new research agreement with Griffith University. Commercial momentum for AusPozz™ strengthened with a memorandum of understanding with Cement Australia to assess product performance and supply chain options for future large-scale production, and a letter of intent with industrial distributor Bisley to build a commercialisation and distribution strategy across domestic and selected international markets. Independent peer review by BG&E confirmed AusPozz™ delivered significantly higher concrete strength, reduced drying shrinkage and mitigated alkali–silica reaction risk, underpinning its alignment with Australian standards and reinforcing its potential as a technically robust, lower-carbon alternative for the construction materials industry. The company also received a research and development tax refund to support ongoing product development, positioning Zeotech to transition from project preparation into commercial-scale kaolin and metakaolin supply.

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

Zeotech Signs icubed Collaboration Deal to Accelerate AusPozz™ Concrete Rollout

Zeotech Limited has signed a non-binding memorandum of understanding with engineering and project management firm icubed Consulting to collaborate on the development, trialling and potential adoption of its AusPozz™ high-reactivity metakaolin in concrete used across major infrastructure, building, renewable energy and environmental projects in Australia and New Zealand. The partnership formalises a trial-driven pathway to market, leveraging icubed’s project design and delivery expertise and Zeotech’s product and technical data to conduct field trials in live construction environments—building on successful commercial-scale wind farm concrete tests—aimed at validating AusPozz’s performance and sustainability benefits and accelerating its commercialisation as a low‑carbon alternative in large-scale construction and infrastructure applications.

The most recent analyst rating on (AU:ZEO) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on Zeotech Limited stock, see the AU:ZEO Stock Forecast page.

Zeotech Moves Methane Control Technology to Real-World Landfill Trials

Zeotech Limited has signed a research agreement with Griffith University to commence a six‑month on-site validation trial of its zeoteCH₄® methane emissions control biofilter at a North Burnett Regional Council landfill in Queensland. The trial will deploy the best-performing zeoteCH₄® configuration from earlier simulated landfill tests, which previously achieved more than 90% reductions in methane emissions, with the aim of confirming performance under real-world operating conditions, refining operational parameters, and advancing commercialisation of a scalable, cost-effective landfill methane mitigation solution that could strengthen Zeotech’s position in climate-focused environmental technologies and support Australia’s emissions reduction objectives.

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

Zeotech Director Granted Major Tranche of Options and Performance Rights

Zeotech Limited has disclosed a change in the interests of director Shane Michael Graham, detailing the issue of a substantial parcel of options and performance rights linked to the company’s employee securities incentive plan. Graham, through his superannuation vehicle and directly, now holds 20 million options and 30 million performance rights in various classes, representing a significant increase in equity-based remuneration that further aligns his incentives with long-term shareholder value and signals the company’s continued use of performance-linked securities to retain and motivate key executives.

The most recent analyst rating on (AU:ZEO) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Zeotech Limited stock, see the AU:ZEO Stock Forecast page.

Zeotech Issues 20 Million Unquoted Options Under Employee Incentive Scheme

Zeotech Limited has notified the market of the issuance of 20 million unquoted options under an employee incentive scheme, each exercisable at A$0.10 and expiring on 7 April 2028. The move, disclosed via an Appendix 3G filing, expands the company’s pool of equity-based incentives for staff and insiders, potentially aligning employee interests with long‑term shareholder value but also introducing prospective dilution if the options are exercised.

The most recent analyst rating on (AU:ZEO) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Zeotech Limited stock, see the AU:ZEO Stock Forecast page.

Zeotech Issues 40 Million Unquoted Performance Rights Under Employee Incentive Scheme

Zeotech Limited has notified the market of the issue of 40 million unquoted performance rights under its employee incentive scheme, with the new securities not intended to be quoted on the ASX. The move expands the company’s pool of equity-based remuneration, signalling an increased use of performance-linked incentives to align staff and management interests with shareholder value, though it may also introduce potential future dilution for existing investors depending on vesting outcomes.

The most recent analyst rating on (AU:ZEO) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Zeotech Limited stock, see the AU:ZEO Stock Forecast page.

Zeotech Advances Toondoon Kaolin Project with Key Milestones and Product Development

Zeotech Limited has achieved significant milestones at its Toondoon Kaolin Project, completing a large-scale test pit and key approval surveys. These achievements provide valuable data for mine planning, validate kaolin logistics for direct shipping ore trials, and accelerate the development of its AusPozz™ product and associated feasibility studies. The progress aligns with Zeotech’s broader strategy to fast-track kaolin mining operations and further enhance its market position in the materials sector.

The most recent analyst rating on (AU:ZEO) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Zeotech Limited stock, see the AU:ZEO Stock Forecast page.