Company DescriptionZenith Minerals Limited, together with its subsidiaries, engages in the exploration of mineral properties in Australia, Turkey, Europe, and the United States. The company explores for gold, lithium, base metal, manganese, tantalum, copper, zinc, lead, and silver deposits. It holds 100% interest in the Develin Creek Copper-Zinc project; Red Mountain gold project; the Privateer gold project; and the Auburn gold project located in Queensland. In addition, the company holds 100% interest in the Split Rocks gold project covering an area of 660 square kilometers; and the Earaheedy zinc project comprising six exploration licenses covering an area of 673 square kilometers located in Western Australia. It also holds interest the Cowarra gold project consisting of one exploration licenses located between Canberra and Cooma; the Waratah Well project located in Yalgoo, Western Australia; and the Mt Ida North project located in Leonora, Western Australia. The company was formerly known as Zinc Co Australia Limited and changed its name to Zenith Minerals Limited in November 2010. Zenith Minerals Limited was incorporated in 2006 and is headquartered in West Perth, Australia.

How the Company Makes Money

Zenith Minerals Limited Financial Statement Overview

Summary

Zenith Minerals Limited's financial performance is challenged by declining revenue and profitability. Despite maintaining a debt-free balance sheet, the company faces issues with cash flow and operational inefficiencies. Stabilizing revenue streams and improving cash management are crucial for future stability.

Income Statement

Neutral

Zenith Minerals Limited has shown volatility in revenue with a significant decline in 2024, resulting in negative net income and EBIT margins. The gross profit margin remains positive due to minimal cost of goods sold, but the company has struggled with profitability and consistent revenue growth.

Balance Sheet

Neutral

The company's balance sheet shows no debt, which is a positive indicator of financial health, but the declining stockholders' equity and total assets suggest potential risks. The equity ratio remains strong, though, indicating a stable capital structure.

Cash Flow

Negative

Zenith Minerals Limited has experienced consistent negative operating cash flows and free cash flow, indicating operational inefficiencies. The lack of free cash flow growth is concerning, although the company has managed investments without incurring debt.

TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Breakdown
Income Statement		Total Revenue
539.26K	668.32K	1.64M	1.12M	247.24K	514.52K
	Gross Profit
539.26K	668.32K	1.62M	1.11M	226.98K	483.50K
	EBIT
-1.16M	-1.36M	-3.20M	-1.84M	-1.80M	-805.28K
	EBITDA
-1.60M	-59.07K	-6.73M	-868.21K	820.57K	-241.92K
	Net Income Common Stockholders
-2.40M	-4.47M	-9.31M	1.47M	2.01M	-383.40K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.15M	2.86M	6.58M	15.37M	6.47M	1.60M
	Total Assets
15.61M	14.47M	19.30M	26.82M	13.32M	6.10M
	Total Debt
0.00	0.00	0.00	0.00	0.00	50.47K
	Net Debt
-2.40M	-1.14M	-2.26M	-7.91M	-1.83M	-901.64K
	Total Liabilities
647.24K	435.43K	881.53K	303.81K	340.68K	307.25K
	Stockholders Equity
14.96M	14.04M	18.42M	26.52M	12.98M	5.79M
Cash Flow		Free Cash Flow
-559.38K	-3.36M	-6.36M	-5.65M	-4.39M	-1.70M
	Operating Cash Flow
1.36M	-838.17K	-6.30M	-5.65M	-4.38M	-1.70M
	Investing Cash Flow
-2.73M	-280.44K	375.17K	-45.08K	492.13K	18.99K
	Financing Cash Flow
2.43M	0.00	273.68K	11.77M	4.76M	1.56M

Zenith Minerals Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZCB		€9.52M	―	-16.11%	―	―	―
Sector *	51 Neutral	$2.02B	-1.14	-21.36%	3.64%	2.88%	-30.57%
ARTTF		$11.50M	―	-53.93%	―	―	―
AYR			―		―	―	―
RML	44 Neutral	AU$9.46M	―	-27.37%	―	―	51.38%
MTH	41 Neutral	AU$72.88M	―	-5.23%	―	―	54.26%
G1A		$44.40M	―		―	―	―

* Basic Materials Sector Average

Performance Comparison

DE:ZCB

Zenith Minerals Limited

0.02

>-0.01

-33.33%

ARTTF

Artemis Resources

0.01

0.00

0.00%

DE:AYR

Cyprium Metals Limited

―

AU:MTH

Mithril Resources Ltd

0.50

0.27

117.39%

AU:RML

Resolution Minerals Ltd.

0.02

0.00

0.00%

AU:G1A

Galena Mining Ltd.

0.06

0.00

0.00%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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