Zeus Resources Ltd. (ZEU) AI Stock Analysis

• Market Cap: AU$8.61M
• Dividend Yield: N/A
• Average Volume (3M): 2.59M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: N/A
• EPS Growth: -141.67%
• Country: US
• Employees: 1,600
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): >-0.01
• Shares Outstanding: 717,730,650
• 10 Day Avg. Volume: 2,381,692
• 30 Day Avg. Volume: 2,590,752
• PEG Ratio: -0.03
• Price to Book (P/B): 2.98
• Price to Sales (P/S): 369.58
• P/FCF Ratio: -11.05
• 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: 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: 40 Underperform
• Price Target: AU$0.01 ▲(10.00% Upside)

The score is primarily constrained by weak financial performance (minimal revenue, larger losses, and ongoing cash burn) and bearish technical momentum (below key moving averages with negative MACD). Valuation provides limited support because losses make the negative P/E less informative and there is no stated dividend yield.

Positive Factors

Very low leverage

A near-zero debt profile materially reduces solvency and refinancing risk for an explorer. That conservatism preserves optionality during prolonged development cycles, lowering mandatory interest burdens and extending time to execute exploration or wait for better financing conditions.

Positive gross profit trends

Positive gross profit suggests project-level economics or revenue coverage of direct costs, indicating the business model can produce margin on core activities. This structural signal supports potential scalability if overheads are controlled or revenue ramps.

Established operational capacity

A substantial employee base indicates organizational capacity to run exploration and operational programs, retain technical know-how, and execute multi-site projects. This structural capability can accelerate resource development when funding or commodity cycles improve.

Negative Factors

Persistent negative cash flow

Chronic negative operating and free cash flow signal structural inability to self-fund operations. Continued cash burn forces recurring capital raises, constrains strategic flexibility, and raises execution risk over the medium term if cash generation does not improve.

Minimal and volatile revenue

Extremely low, inconsistent revenue undermines earnings quality and limits internal funding for exploration or capex. As an early-stage resource company, lack of stable revenue perpetuates dependence on external capital and increases dilution risk over several reporting cycles.

Reliance on external funding

The combination of sustained losses and negative cash flows implies repeated capital raises are likely. Structural dependence on equity issuance dilutes existing shareholders, can pressure strategic timing, and may hinder long-term value creation if execution and commodity timing misalign.

Zeus Resources Ltd. Business Overview & Revenue Model

Company Description

Zeus Resources Limited engages in the exploration of uranium, gold, and other base metal resources primarily in Australia. The company has interests in the Lake Way, Narnoo South, and Mortimer Hills projects located in Western Australia. Zeus Resources Limited was incorporated in 2009 and is based in North Sydney, Australia.

How the Company Makes Money

Zeus Resources Ltd. generates revenue primarily through its exploration activities, which involve identifying and developing mineral resources, particularly uranium. The company's revenue model is based on the successful discovery and subsequent sale or joint venture of mineral deposits to larger mining companies or other investors. Additionally, Zeus Resources may engage in strategic partnerships and collaborations with other firms in the mining sector to share exploration costs and increase the potential for profitable discoveries. These partnerships can provide additional funding and resources, allowing Zeus Resources to expand its exploration activities and potentially enhance its financial returns.

Zeus Resources Ltd. Financial Statement Overview

Summary

Financials reflect an early-stage explorer profile: very small and volatile revenue, sharply negative profitability in FY2025, and persistently negative operating/free cash flow indicating ongoing cash burn and likely reliance on external funding. The main offset is a low-debt balance sheet (minimal leverage), which reduces solvency risk despite declining equity and negative ROE.

Income Statement

Revenue remains very small and volatile (A$19k in FY2025 vs A$27k in FY2024; negative growth in FY2025), which is typical of an early-stage resource company but limits earnings quality. Profitability is weak and deteriorated sharply in FY2025 with a much larger net loss (FY2025 net margin deeply negative vs already negative in prior years). While gross profit is positive in recent years, operating losses persist (negative EBIT/EBITDA across all periods shown), indicating the business is not close to self-funding operations.

Balance Sheet

The balance sheet is conservatively levered with essentially no debt in recent years (debt-to-equity at 0.0 from FY2022–FY2025), which reduces financial risk and refinancing pressure. However, equity has declined from FY2023 to FY2025, reflecting ongoing losses and/or funding needs, and returns on equity are consistently negative (and worse in FY2025), signaling continued value dilution risk if losses persist.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative in every year shown, and free cash flow worsened in FY2024 and remained heavily negative in FY2025. The cash burn is not well-supported by earnings improvement (net losses remain large), implying continued reliance on external funding (typically equity issuance for this profile). A positive note is that free cash flow is sometimes less negative than net income, but overall cash burn remains a key constraint.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.86K	19.16K	27.23K	13.14K	850.00	2.84K
Gross Profit	9.86K	19.16K	27.23K	9.90K	-26.78K	-39.99K
EBITDA	-684.54K	-437.07K	-528.47K	-885.14K	-410.15K	-198.38K
Net Income	-1.89M	-1.89M	-575.19K	-888.38K	-437.30K	-243.36K
Balance Sheet
Total Assets	2.45M	2.45M	2.75M	3.33M	1.94M	2.02M
Cash, Cash Equivalents and Short-Term Investments	2.32M	2.32M	1.36M	2.35M	976.13K	1.52M
Total Debt	0.00	0.00	0.00	0.00	0.00	23.98K
Total Liabilities	73.99K	73.99K	141.62K	177.37K	120.92K	121.93K
Stockholders Equity	2.38M	2.38M	2.61M	3.15M	1.82M	1.89M
Cash Flow
Free Cash Flow	-640.77K	-640.77K	-1.02M	-849.82K	-878.78K	-319.72K
Operating Cash Flow	-549.74K	-549.74K	-611.54K	-276.34K	-275.68K	-191.26K
Investing Cash Flow	58.97K	58.97K	-413.27K	-573.47K	-603.10K	-128.46K
Financing Cash Flow	1.45M	1.45M	40.00K	2.22M	336.02K	699.80K

Zeus Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
PEN	54 Neutral	AU$411.69M	-11.32	-7.01%	―	-100.00%	49.49%
AEE	52 Neutral	AU$202.37M	-12.43	-26.26%	―	―	-75.25%
EL8	50 Neutral	AU$184.06M	-11.03	-69.11%	―	―	1.38%
EME	46 Neutral	AU$23.07M	-50.00	-0.93%	―	―	8.33%
ADD	44 Neutral	AU$14.80M	-1.16	-3247.83%	―	-57.74%	60.13%
ZEU	40 Underperform	AU$8.61M	-4.14	-75.69%	―	―	-141.67%

Zeus Resources Ltd. Corporate Events

Zeus Resources Secures Approval for Trenching at Casablanca Antimony Project

Zeus Resources Limited has received approval from the Forestry Department to begin trenching activities at the Casablanca Antimony Project in Morocco. This authorization allows the company to proceed with its trenching program across Trenches 2 to 8, which is crucial for geological mapping and sampling of key structural targets. The trenching is expected to enhance the geological understanding of mineralization styles and aid in designing drilling targets for stibnite anomalies identified in previous surveys, potentially impacting the company’s operational strategy and market positioning.

Zeus Resources Advances Casablanca Antimony Project with Excavator Mobilization

Zeus Resources Ltd. has mobilized an excavator to the Casablanca Antimony Project site, marking a significant step in its trenching program. The company has received approval to proceed with Trench 1, located on privately held land, while permits for other areas on Forestry-administered land are still under review. This development allows Zeus to begin preparatory work on T1, advancing its project timeline and potentially enhancing its market position in the antimony sector.

Zeus Resources Announces Director’s Interest Change

Zeus Resources Limited has announced a change in the director’s interest, specifically concerning Alvin Kong Kee Tan. The company issued 12,000,000 performance rights to Tan, following shareholder approval at the AGM on 26 November 2025. These performance rights are tied to specific share price milestones, with vesting conditions ranging from $0.03 to $0.06 over a period of one to four years. This move is part of Tan’s remuneration package, reflecting the company’s strategy to align executive incentives with shareholder value growth.

Zeus Resources AGM: Eight Resolutions Passed, One Rejected

Zeus Resources Limited held its 2025 Annual General Meeting, where shareholders voted on several resolutions. The company announced that eight out of the nine resolutions were passed, with only Resolution 9 not receiving approval. This outcome reflects the company’s ongoing governance and strategic decisions, impacting its operational and financial strategies.

Zeus Resources Announces Quotation of New Securities

Zeus Resources Ltd. has announced the application for quotation of 293,989 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code ZEU. This move is part of a transaction previously announced to the market, and it signifies the company’s ongoing efforts to enhance its market presence and potentially increase liquidity for its stakeholders.

Zeus Resources Enhances Strategic Advisory with Share Issuance

Zeus Resources Ltd has issued 293,989 fully paid ordinary shares as part of a consultancy agreement with US Business Development & Strategic Advisor Christopher Dell. This issuance was conducted without a disclosure document under the Corporations Act 2001, and the company has confirmed compliance with relevant legal provisions, indicating a strategic move to bolster its advisory expertise.

Zeus Resources Announces Proposed Securities Issue

Zeus Resources Ltd. has announced a proposed issue of 293,989 ordinary fully paid securities, scheduled for November 11, 2025. This strategic move is aimed at strengthening the company’s financial position and enhancing its market operations, potentially impacting its industry standing and stakeholder interests.

Zeus Resources Awaits Approval to Begin Trenching at Casablanca Antimony Project

Zeus Resources Limited is set to commence trenching activities at its Casablanca Antimony Project in central Morocco, pending final approval from the Forestry Department. The trenching program, which is expected to begin in November 2025, aims to test high-priority chargeability anomalies identified in a recent survey. This phase of exploration will involve eight trenches designed to provide geological and structural insights, with results anticipated before the end of the year. The outcomes will inform the company’s maiden drilling campaign scheduled for the first quarter of 2026, potentially enhancing Zeus’s position in the antimony exploration industry.

Zeus Resources Expands with Casablanca Antimony Project Acquisition

Zeus Resources Ltd has completed the acquisition of the Casablanca Antimony Project in Morocco, marking a significant expansion in its operations. The project, consisting of six exploration licenses, is located in a region with a strong demand for critical minerals and benefits from Morocco’s favorable mining framework. The company has also completed a geophysical survey, identifying multiple high-priority targets, and plans to advance its exploration efforts with a trenching program upon receiving necessary approvals. Additionally, Zeus has strengthened its strategic positioning by appointing former US Ambassador Christopher Dell as a business advisor and completing a dual listing on the Frankfurt Stock Exchange.