Greatland Resources (GGP) AI Stock Analysis

• Market Cap: £4.24B
• Dividend Yield: N/A
• Average Volume (3M): 1.72M
• Price to Earnings (P/E): 875.0
• Beta (1Y): 1.08
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 32
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.28
• Shares Outstanding: 672,906,500
• 10 Day Avg. Volume: 2,346,472
• 30 Day Avg. Volume: 1,722,582
• PEG Ratio: >-0.01
• Price to Book (P/B): 2.74
• Price to Sales (P/S): 3.84
• P/FCF Ratio: 8.77
• 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: £647.37
• Price Target Upside: 2.76% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: 759.00p ▲(20.48% Upside)

The score is driven primarily by the sharp improvement in FY2025 financial performance (high margins, strong cash conversion, and low leverage). Technicals remain supportive due to a strong uptrend, but overbought signals raise near-term risk. The very high P/E meaningfully drags the overall score on valuation.

Positive Factors

Very low leverage

A debt-to-equity ratio of ~0.02 gives the company durable financial flexibility to fund development, absorb commodity cycles, and avoid near-term refinancing needs. For a mining developer, this conservatism supports project delivery and strategic optionality over the next 2–6 months.

Strong operating cash generation

Operating cash flow at ~1.9x net income and positive free cash flow indicate earnings quality and the ability to self-fund operations or incremental capex. Sustained cash generation reduces reliance on dilutive financing and underpins project advancement over a multi-month horizon.

Material step-change to high margins

Reported high gross and operating margins reflect strong underlying project economics at current production scale. If maintained, these margins support robust cash flow conversion and resilience to cost inflation, reinforcing long-term project viability over several quarters.

Negative Factors

Abrupt earnings shift from prior losses

The sharp turnaround to profit follows years of losses, so current performance may not be proven through a commodity or operational down-cycle. Sustaining margins and cash flow requires consistent operational delivery; any reversal could erode recent improvements within months.

Historical cash-flow volatility

History of negative operating/FCF and a sudden FCF growth swing imply cash flows are sensitive to investment timing and operations. That volatility increases the likelihood of future external funding or dilution if capex or adverse conditions pressure liquidity across the next 2–6 months.

Limited operating history at scale

The company has little track record operating at the current revenue and margin level, so execution risk is elevated. Concentration on a single major project and recent operational scale-up mean that operational setbacks or partner-related issues could materially affect earnings durability.

Greatland Resources Business Overview & Revenue Model

Company Description

Greatland Gold plc engages in the exploration and development of natural resources in the United Kingdom and Australia. It explores for gold, copper, cobalt, and nickel deposits. The company holds 100% interest in the Ernest Giles project, Panorama project, and Bromus project located in Western Australia. It also has 100% interest in the Firetower project and Warrentinna project situated in Tasmania. The company has an option to acquire 100% interest in the Pascalle tenement and Taunton tenement, as well as two tenement applications located in Paterson province of Western Australia. Greatland Gold plc was incorporated in 2005 and is based in London, the United Kingdom.

How the Company Makes Money

Greatland Gold makes money through the exploration and development of mineral resources, primarily focusing on gold and copper. Revenue is generated by advancing exploration projects to the stage where they can be sold or developed into producing mines. Key revenue streams include the sale of mineral rights, joint ventures, and potential future revenue from producing mines. Significant partnerships, such as joint ventures with larger mining companies for the development of its projects, also contribute to its earnings by providing capital and expertise necessary to advance its exploration activities.

Greatland Resources Financial Statement Overview

Summary

FY2025 marks a major inflection with meaningful revenue scale, strong profitability (gross ~52%, operating ~43%, net ~35%), and conservative leverage (debt-to-equity ~0.02). Cash generation is solid with operating cash flow exceeding net income (~1.9x), but the profile is still new after multiple pre-revenue/negative cash-flow years, adding durability and volatility risk.

Income Statement

FY2025 shows a step-change to meaningful scale and profitability, with strong gross profitability (~52%) and healthy operating and net profitability (~43% and ~35%, respectively). This is a sharp reversal from multiple prior years with no revenue and consistent losses, so the trajectory is highly positive but still carries execution and sustainability risk given the abrupt transition and limited history of operating at this revenue base.

Balance Sheet

Leverage is very conservative in FY2025 (debt is low versus equity; debt-to-equity ~0.02), and equity has expanded materially, supporting financial flexibility. Returns on equity are strong (~25%) in FY2025, but the company previously operated with much higher leverage and negative returns, highlighting that the balance-sheet strength is recent and should be monitored through a full cycle.

Cash Flow

FY2025 cash generation is strong with solid operating cash flow and positive free cash flow, and cash generation exceeds net income (operating cash flow is ~1.9x net income), suggesting good earnings quality. The main concern is volatility: prior years had negative operating and free cash flow, and FY2025 shows a steep decline in free cash flow growth versus the prior period, implying cash flows may be sensitive to investment cadence and operating variability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	459.05M	459.06M	0.00	0.00	0.00	0.00
Gross Profit	237.82M	237.83M	-187.00K	-315.00K	-347.69K	-240.83K
EBITDA	217.37M	217.36M	-13.85M	-18.96M	-11.00M	-5.26M
Net Income	161.68M	161.72M	-14.87M	-21.12M	-11.37M	-5.52M
Balance Sheet
Total Assets	1.01B	1.01B	89.96M	105.04M	55.27M	24.00M
Cash, Cash Equivalents and Short-Term Investments	275.55M	275.55M	4.81M	31.15M	18.80M	6.21M
Total Debt	15.14M	15.14M	41.80M	41.91M	43.38M	12.54M
Total Liabilities	371.74M	371.74M	49.01M	52.56M	49.55M	19.84M
Stockholders Equity	642.59M	642.59M	40.95M	52.48M	5.73M	4.15M
Cash Flow
Free Cash Flow	201.09M	201.06M	-24.59M	-25.99M	-26.52M	-16.27M
Operating Cash Flow	288.25M	288.24M	-12.20M	-11.47M	-5.97M	-2.71M
Investing Cash Flow	-221.48M	-221.76M	-12.99M	-26.85M	-28.96M	-13.55M
Financing Cash Flow	198.39M	198.81M	-918.00K	61.55M	38.39M	16.50M

Greatland Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 630.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:GGP, the sentiment is Positive. The current price of 630 is above the 20-day moving average (MA) of 629.72, above the 50-day MA of 514.31, and above the 200-day MA of 364.56, indicating a bullish trend. The MACD of 47.13 indicates Positive momentum. The RSI at 55.90 is Neutral, neither overbought nor oversold. The STOCH value of 41.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:GGP.

Greatland Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SRB	86 Outperform	£248.03M	7.25	35.69%	―	44.89%	120.82%
ALTN	78 Outperform	£418.19M	11.99	50.11%	―	61.98%	164.33%
GGP	73 Outperform	£4.24B	875.00	―	―	―	―
PAF	72 Outperform	£2.68B	26.04	31.72%	1.35%	40.46%	66.57%
HOC	69 Neutral	£3.48B	31.82	24.43%	0.31%	35.83%	397.32%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AAZ	56 Neutral	£345.31M	-50.67	-11.68%	―	129.53%	70.68%

Greatland Resources Corporate Events

Greatland Resources CFO Exercises Performance Rights

Greatland Resources Limited announced the exercise of vested performance rights by its Chief Financial Officer, Monique Connolly, involving 141,213 ordinary shares. Of these, 105,713 shares were sold, and 35,500 shares were retained, impacting her total shareholding in the company to 315,285 shares, representing 0.05% of the company’s issued share capital. This transaction reflects internal financial maneuvers and may influence investor perceptions regarding the company’s management and financial strategies.

The most recent analyst rating on (GB:GGP) stock is a Buy with a £5.13 price target. To see the full list of analyst forecasts on Greatland Resources stock, see the GB:GGP Stock Forecast page.