Alkemy Capital Investments Plc (ALK) AI Stock Analysis

• Market Cap: £43.72M
• Dividend Yield: N/A
• Average Volume (3M): 63.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.62
• Revenue Growth: N/A
• EPS Growth: -36.54%
• Country: UK
• Employees: 2
• Sector: Financial
• Sector Strength: 70
• Industry: Shell Companies
• EPS (TTM): -0.12
• Shares Outstanding: 10,662,592
• 10 Day Avg. Volume: 51,375
• 30 Day Avg. Volume: 63,136
• PEG Ratio: 0.36
• Price to Book (P/B): -10.08
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -38.83
• 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: 52 Neutral
• Price Target: 414.00p ▲(46.81% Upside)

The score is held down primarily by very weak financial performance (minimal revenue, ongoing losses, negative cash flow, and negative equity with rising debt). This is partially offset by strong technical momentum with the price well above key moving averages and positive MACD, but valuation support is limited due to negative earnings and no dividend data.

Positive Factors

Strategic focus on battery metals

ALK’s clear strategic focus on upstream battery metals aligns with durable electrification and energy-storage trends. As an investment vehicle targeting project interests, the company can capture value via farm-outs, JV funding, or disposals, offering structural upside if projects advance.

Improving cash burn and narrower losses

The reduction in operating cash outflows and a smaller net loss indicate improved cost control and runway management. If sustained, this trend reduces frequency and size of future capital raises, lowering dilution pressure and improving the company’s ability to execute project milestones over the next several quarters.

Recent financing actions and adviser appointment

Warrant exercises, loan conversions and appointing a financing adviser show access to capital and active project development. These actions materially support project progression and improve odds of monetization through partnerships or structured financings, strengthening execution capability.

Negative Factors

Negative shareholders' equity and higher leverage

Sustained negative equity and rising debt reflect accumulated losses and a fragile capital structure. This reduces financial flexibility, increases refinancing and covenant risk, and makes funding capital-intensive resource projects more difficult without costly dilution or restrictive terms.

Persistent negative operating and free cash flow

Ongoing negative cash generation forces reliance on external funding for operating needs and project development. For a company focused on upstream resource assets, this elevates execution risk and the probability of dilutive raises or project delays if capital markets or partners are unwilling to provide timely funding.

Minimal, volatile revenue and recurring losses

Lack of recurring revenues means value depends on successful asset monetization rather than operating cash generation. Persistent losses erode equity and amplify dependence on timely disposals or JV funding, increasing long-term sustainability risk if project milestones are delayed or markets soften.

Alkemy Capital Investments Plc Business Overview & Revenue Model

Company Description

Alkemy Capital Investments Plc, through its subsidiary, Tees Valley Lithium Limited, focuses on designing, developing, constructing, and operating of the plant that produces lithium hydroxide Monohydrate. It supplies to the mobile energy market in the United Kingdom and European markets. The company was formerly known as Alkemy Capital Plc and changed its name to Alkemy Capital Investments Plc in February 2021. Alkemy Capital Investments Plc is based in London, the United Kingdom.

How the Company Makes Money

Alkemy Capital Investments Plc generates revenue through strategic investments and development projects in the critical metals sector, particularly in lithium production and processing. The company's revenue model includes acquiring and developing assets that are pivotal for the energy transition, thereby benefiting from the growing demand for sustainable energy solutions. Alkemy's earnings are significantly influenced by its ability to secure valuable partnerships with key players in the energy and mining industries, as well as the increasing global emphasis on reducing carbon emissions and advancing green technologies.

Alkemy Capital Investments Plc Financial Statement Overview

Summary

Very weak fundamentals: revenue is essentially absent, losses are persistent, and operating/free cash flow are negative across all years shown. Balance-sheet risk is elevated with negative shareholders’ equity and higher debt in 2025, despite some improvement in loss and cash burn versus prior years.

Income Statement

Financial performance is very weak. Revenue is essentially absent (2025 and 2023 at 0; 2024 only 1,247) and has been volatile, including a -100% change in 2025. Losses are persistent and sizable each year (net loss of -1.43M in 2025 after -1.77M in 2024 and -2.64M in 2023), indicating the cost base is not supported by operating activity. A modest positive sign is that the net loss narrowed in 2025 versus 2024, but profitability remains deeply negative.

Balance Sheet

The balance sheet shows elevated risk due to negative shareholders’ equity in 2023–2025 (from -0.82M to -0.52M to -1.53M), which limits financial flexibility and typically signals accumulated losses. Total debt increased materially in 2025 (to ~0.60M from ~0.10M in 2024), while total assets remain relatively small (~0.57M in 2025). A historical strength is that equity was positive in 2022, but the subsequent deterioration and higher leverage make the current capital structure fragile.

Cash Flow

Cash generation is consistently negative: operating cash flow and free cash flow are below zero in every year shown (operating cash flow of -0.37M in 2025 versus -1.62M in 2024 and -2.32M in 2023). The key positive is improved cash burn in 2025 compared with 2024–2023. However, free cash flow remains negative (-0.40M in 2025), implying continued dependence on external funding or balance-sheet resources to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	1.25K	0.00	0.00
Gross Profit	26.57K	-65.28K	-633.04K	-1.30K	-330.75K
EBITDA	-1.56M	0.00	643.12K	-2.64M	-797.65K
Net Income	-2.26M	-1.43M	-1.77M	-2.64M	-797.65K
Balance Sheet
Total Assets	1.63M	570.66K	488.85K	523.29K	523.29K
Cash, Cash Equivalents and Short-Term Investments	723.12K	16.67K	45.46K	12.36K	1.11M
Total Debt	1.21M	599.39K	102.29K	326.29K	326.29K
Total Liabilities	2.81M	2.10M	1.01M	1.35M	1.35M
Stockholders Equity	-1.18M	-1.53M	-520.65K	-824.59K	601.44K
Cash Flow
Free Cash Flow	-445.46K	-397.24K	-1.62M	-2.37M	-285.17K
Operating Cash Flow	-445.46K	-369.12K	-1.62M	-2.32M	-285.17K
Investing Cash Flow	-366.12K	-28.12K	0.00	-51.48K	0.00
Financing Cash Flow	1.47M	370.85K	1.66M	1.27M	1.40M

Alkemy Capital Investments Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 282.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ALK, the sentiment is Positive. The current price of 282 is below the 20-day moving average (MA) of 318.25, below the 50-day MA of 318.18, and above the 200-day MA of 221.63, indicating a bullish trend. The MACD of 25.34 indicates Negative momentum. The RSI at 67.52 is Neutral, neither overbought nor oversold. The STOCH value of 64.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ALK.

Alkemy Capital Investments Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ALK	52 Neutral	£43.72M	-20.06	―	―	―	-36.54%
BAY	50 Neutral	£4.20M	―	―	―	―	―
BRS	50 Neutral	£2.08M	―	―	―	―	―
ROC	49 Neutral	£362.66K	―	―	―	―	―
AC8	42 Neutral	£600.00K	-4.04	―	―	―	―
MII	41 Neutral	£298.77K	―	―	―	―	―

Alkemy Capital Investments Plc Corporate Events

Alkemy Capital Converts Loan to Equity and Issues New Warrants

Alkemy Capital Investments Plc has received a loan conversion notice from its debt facility provider, converting £236,363.64 of principal and £8,943.96 of interest into equity at £3.48 per share, resulting in the issuance of 70,446 new ordinary shares and 46,749 warrants exercisable at £4.01 over 48 months. Application will be made for the new shares to be admitted to trading on the London Stock Exchange’s Main Market on 4 February 2026, after which the company’s enlarged share capital will comprise 10,733,038 ordinary shares, a change that modestly alters its capital structure and voting rights denominator for shareholders under FCA disclosure rules.

The most recent analyst rating on (GB:ALK) stock is a Sell with a £372.00 price target. To see the full list of analyst forecasts on Alkemy Capital Investments Plc stock, see the GB:ALK Stock Forecast page.

Alkemy’s Tees Valley Lithium Secures Glencore Offtake for UK’s First Large-Scale Lithium Hydroxide Refinery

Alkemy Capital Investments’ subsidiary Tees Valley Lithium has signed a five-year binding offtake agreement with a wholly owned Glencore unit for the supply of between 25,000 and 50,000 tonnes of battery-grade lithium hydroxide from its planned Teesside refinery, with deliveries to start in line with targeted production in early 2028. The deal, covering up to 10,000 tonnes a year and including standard commercial terms, secures a substantial portion of capacity from TVL’s initial 25,000-tonne-per-year production train, marking a key milestone ahead of final investment decision on what is set to be the UK’s first large-scale lithium hydroxide refinery and reinforcing both Alkemy’s strategic role in the European EV battery supply chain and Glencore’s position as a leading supplier of battery raw materials in the region.

The most recent analyst rating on (GB:ALK) stock is a Hold with a £383.00 price target. To see the full list of analyst forecasts on Alkemy Capital Investments Plc stock, see the GB:ALK Stock Forecast page.

Alkemy Nears Completion of FEED Study for Low-Cost Tees Valley Lithium Refinery

Alkemy Capital Investments said the Front-End Engineering Design (FEED) study for its Tees Valley Lithium refinery in Teesside is over 90% complete and on track to confirm the plant as one of Europe’s lowest capital and operating cost lithium refining facilities. The project has finalized process design with Veolia, targeting lithium recovery above 94%, a fully electrified configuration that removes natural gas use in favour of renewable power, and major gains in water recirculation and layout efficiency, while independent validation and strong engagement from more than 340 local and national suppliers bolster execution readiness and position the refinery as a key low-cost, low-carbon node in the UK and European battery materials supply chain amid a strengthening lithium market.

The most recent analyst rating on (GB:ALK) stock is a Hold with a £241.00 price target. To see the full list of analyst forecasts on Alkemy Capital Investments Plc stock, see the GB:ALK Stock Forecast page.

Alkemy Capital Investments Announces Loan Conversion and Share Issuance

Alkemy Capital Investments Plc has announced a loan conversion resulting in the issuance of 90,572 new ordinary shares. This move will increase the company’s share capital to 10,662,592 ordinary shares, with the new shares set to be admitted to trading on the London Stock Exchange. This development is part of Alkemy’s strategic efforts to bolster its financial position and support its ongoing projects in the critical minerals sector, which are crucial for the global energy transition and the European electric vehicle market.

Alkemy Capital Secures Over £1 Million to Advance Tees Valley Lithium Project

Alkemy Capital Investments Plc announced the exercise of warrants and a loan conversion, resulting in over £1 million in working capital to advance its Front-End Engineering Design (FEED) study for the Tees Valley Lithium project. This financial boost supports Alkemy’s strategic goal to make the Tees Valley Lithium project highly competitive internationally by reducing capital and operating costs. The company plans to secure asset-level finance and commence construction in early 2026, with strong market interest anticipated due to the project’s attractive financial metrics. The expansion of Alkemy’s share capital to 10,572,020 Ordinary Shares reflects the company’s growth and investor confidence.

Alkemy Capital Advances Tees Valley Lithium Project with New Financing and Engineering Milestones

Alkemy Capital Investments Plc has announced significant progress in the development of its Tees Valley Lithium project, with the Front-End Engineering Design (FEED) study advancing and project-level financing underway. The appointment of ABG Sundal Collier ASA as financial advisor marks a crucial step towards securing $245 million in bond and equity financing, aiming for a Final Investment Decision in Q1 2026. The project is set to enhance the UK’s battery materials supply chain, with operational cost improvements expected due to increased government discounts. The upcoming supply chain event will further integrate UK suppliers into the project’s construction and operation.

Alkemy Capital Secures Financing Partner for Lithium Refinery Project

Alkemy Capital Investments Plc has appointed ABG Sundal Collier ASA to lead a US$245 million bond and equity financing for Tees Valley Lithium’s lithium hydroxide refinery project in Teesside. This financing will fund the construction of the first train of the refinery, expected to produce 25,000 tonnes of lithium hydroxide annually, positioning TVL as a key player in Europe’s green energy transition. The funding is anticipated to be secured through a mix of bonds, government grants, and institutional equity, with a final investment decision expected in early 2026.

Alkemy Capital Expands Share Capital with Warrant Exercise

Alkemy Capital Investments Plc has announced the exercise of 20,000 warrants at £2.00 each, resulting in a capital influx of £40,000 and the issuance of 20,000 new ordinary shares. These shares will be admitted to trading on the London Stock Exchange on 7 November 2025, increasing the company’s total share capital to 9,966,865 ordinary shares. This move is part of Alkemy’s broader strategy to enhance its financial position and support its ongoing projects in the critical mineral and lithium supply chain sectors, potentially impacting shareholder interests and market positioning.