Graphene Manufacturing Group Ltd (GMG) AI Stock Analysis

• Market Cap: C$196.68M
• Dividend Yield: N/A
• Average Volume (3M): 232.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.89
• Revenue Growth: 6.29%
• EPS Growth: -3.71%
• Country: CA
• Employees: 38
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): N/A
• Shares Outstanding: 117,771,410
• 10 Day Avg. Volume: 194,057
• 30 Day Avg. Volume: 232,072
• PEG Ratio: -11.08
• Price to Book (P/B): 7.40
• Price to Sales (P/S): 13.46
• P/FCF Ratio: -14.38
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: C$1.50 ▼(-10.18% Downside)

The overall stock score of 52 reflects significant financial challenges faced by Graphene Manufacturing Group Ltd, with persistent losses and negative cash flows being the most impactful factors. While technical analysis shows bullish momentum, the weak valuation due to negative earnings and lack of dividends further weighs down the score.

Positive Factors

Revenue Growth

A 57.7% TTM revenue growth rate indicates strong demand for GMG's products, suggesting potential for future profitability if cost management improves.

Low Leverage

Low leverage provides GMG with financial flexibility to invest in growth opportunities without the burden of high debt costs, supporting long-term stability.

Market Position

GMG's focus on graphene positions it well in the growing market for advanced materials, potentially leading to increased market share and revenue.

Negative Factors

Profitability Challenges

Persistent negative profit margins indicate inefficiencies in cost management, which could hinder GMG's ability to achieve sustainable profitability.

Cash Flow Issues

Negative cash flows highlight operational inefficiencies and may limit GMG's capacity to fund growth initiatives, impacting long-term business health.

Return on Equity

A negative return on equity suggests that GMG is not effectively using its equity base to generate profits, raising concerns about management efficiency.

Graphene Manufacturing Group Ltd Business Overview & Revenue Model

Company Description

Graphene Manufacturing Group Ltd (GMG) is an innovative company specializing in the production and commercialization of graphene and other advanced materials. The company operates primarily in the sectors of materials science and nanotechnology, focusing on developing high-performance products that leverage the unique properties of graphene. GMG's core offerings include graphene-based coatings, batteries, and various composite materials that cater to industries such as automotive, electronics, and energy storage.

How the Company Makes Money

GMG generates revenue through multiple channels, primarily by producing and selling graphene materials to manufacturers across various industries. The company has established key revenue streams from the sale of its advanced graphene products, which include coatings that enhance durability and performance, and graphene-enhanced batteries that improve energy density and charging times. Additionally, GMG may pursue partnerships and collaborations with organizations in need of advanced materials, allowing them to co-develop products and share in the resulting profits. The company also aims to capitalize on the growing demand for sustainable and high-performance materials, positioning itself for growth in the expanding market for graphene applications.

Graphene Manufacturing Group Ltd Financial Statement Overview

Summary

Graphene Manufacturing Group Ltd is experiencing rapid revenue growth, but profitability remains a significant challenge. The company has a stable capital structure with low leverage, yet it struggles with negative cash flows and profitability metrics. To improve its financial health, the company must focus on enhancing operational efficiency and achieving positive cash flows.

Income Statement

Graphene Manufacturing Group Ltd has shown significant revenue growth, with a remarkable increase of 1960.37% in the latest year. However, the company is still facing challenges in profitability, as indicated by negative EBIT and net income margins. The gross profit margin is positive, suggesting some operational efficiency, but the overall financial health is impacted by substantial losses.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio, indicating a relatively low level of leverage. However, the return on equity is negative, highlighting ongoing profitability challenges. The equity ratio is stable, suggesting a solid capital structure, but the company needs to improve its profitability to enhance shareholder value.

Cash Flow

The cash flow statement reveals negative operating and free cash flows, indicating cash outflows from operations. Although there is a slight improvement in free cash flow growth, the company needs to generate positive cash flows to sustain operations and fund future growth. The ratios of operating and free cash flow to net income are unfavorable, reflecting cash management challenges.

Breakdown	TTM	Dec 2025	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	4.92M	―	4.90M	294.86K	170.06K	54.43K
Gross Profit	4.58M	―	4.72M	-446.15K	-280.90K	-256.73K
EBITDA	-4.79M	―	-5.78M	-5.30M	-8.40M	-11.38M
Net Income	-9.42M	―	-8.57M	-7.40M	-9.32M	-11.77M
Balance Sheet
Total Assets	22.53M	―	17.22M	15.24M	15.96M	16.68M
Cash, Cash Equivalents and Short-Term Investments	12.88M	―	7.71M	3.98M	4.65M	12.26M
Total Debt	687.75K	―	773.99K	1.35M	1.31M	1.03M
Total Liabilities	11.57M	―	8.31M	6.70M	7.26M	6.58M
Stockholders Equity	10.97M	―	8.91M	8.54M	8.69M	10.10M
Cash Flow
Free Cash Flow	-7.09M	―	-4.59M	-7.69M	-13.99M	-7.65M
Operating Cash Flow	-6.31M	―	-3.83M	-4.99M	-10.55M	-6.57M
Investing Cash Flow	-787.43K	―	-886.53K	-2.70M	-3.44M	-1.08M
Financing Cash Flow	15.71M	―	8.34M	7.09M	6.36M	16.55M

Graphene Manufacturing Group Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.67
• 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 TSE:GMG, the sentiment is Positive. The current price of 1.67 is above the 20-day moving average (MA) of 1.41, above the 50-day MA of 1.21, and above the 200-day MA of 0.86, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 69.15 is Neutral, neither overbought nor oversold. The STOCH value of 49.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GMG.

Graphene Manufacturing Group Ltd 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%
CNO	57 Neutral	C$16.78M	-11.85	-61.05%	―	-15.84%	-375.96%
HG	54 Neutral	C$849.43M	-98.66	-87.47%	―	331.08%	15.77%
GMG	52 Neutral	C$196.68M	-20.84	-92.59%	―	6.29%	-3.71%
IZ	45 Neutral	C$424.07K	100.00	―	―	109.13%	―
NANO	45 Neutral	C$126.74M	-8.66	-64.59%	―	―	56.03%

Graphene Manufacturing Group Ltd Corporate Events

Graphene Manufacturing Group Launches Pre-Order for THERMAL-XR® Kit

Graphene Manufacturing Group Ltd (GMG) has launched pre-order sales for its THERMAL-XR® spray kit, which includes an electric spray gun and is designed for energy-saving applications. The product is available for pre-order in Australia and will be distributed globally as GMG expands its distributor network. This launch represents a significant step in GMG’s strategy to commercialize its energy-saving products, potentially enhancing its market position and offering stakeholders a new solution for energy efficiency.

GMG’s G-LUBRICANT Achieves 13.8% Fuel Savings in Australian Charity Rally

Graphene Manufacturing Group Ltd announced a successful demonstration of its G-LUBRICANT product during a charity car rally in Australia, achieving a 13.8% fuel efficiency improvement. The event, which supports cancer research, highlighted the effectiveness of GMG’s graphene-enhanced engine oil additive, reinforcing its potential impact on reducing fuel consumption and enhancing engine performance.

GMG Partners with Beijer Ref to Distribute THERMAL-XR® in Australia

Graphene Manufacturing Group Ltd has achieved a significant commercial milestone by partnering with Beijer Ref to distribute its THERMAL-XR® ENHANCE heat transfer coating across Beijer Ref’s and Kirby’s wholesale locations in Australia. This collaboration is expected to enhance the cooling efficiency and sustainability of refrigeration systems, expanding GMG’s market reach and reinforcing its position in the HVAC-R industry. The initiative will utilize a network of certified HVAC contractors to ensure quality application, supporting GMG’s strategic commercialization model and strengthening its reputation for technical excellence.

Graphene Manufacturing Group Ltd Announces Virtual 2025 Annual General Meeting

Graphene Manufacturing Group Ltd announced the details of its 2025 Annual General Meeting, which will be held virtually on November 26, 2025. The meeting will allow shareholders to participate online, regardless of their location, and will cover key agenda items such as the election of directors, appointment of auditors, and approval of the company’s stock option plan. This virtual format aims to ensure equitable participation and engagement from stakeholders, reflecting the company’s commitment to transparency and inclusivity in its corporate governance practices.

Leadership Change at AMBC to Boost Australia’s Battery Industry

Graphene Manufacturing Group Ltd announced a leadership change at the Advanced Materials and Battery Council (AMBC), with former Queensland Premier Annastacia Palaszczuk appointed as Chair. This transition is expected to strengthen collaboration and policy advancement in Australia’s battery industry, enhancing investment and job creation. The new leadership aims to bolster the national capability and scale of the industry, supporting the entire value chain from resources to end-of-life recovery.

Graphene Manufacturing Group Expands European Market Reach and Launches Training Academy

Graphene Manufacturing Group Ltd has received European REACH registration, allowing its THERMAL-XR® product to be sold in Europe, marking a significant step in its commercial expansion. Additionally, GMG has launched the GMG SPRAY ACADEMY to train distributors and contractors globally on the application of its patented graphene coating system, which is expected to enhance the company’s market reach and operational capabilities.

Graphene Manufacturing Group Reports Quarterly ATM Sales Update

Graphene Manufacturing Group Ltd has provided an update on its ‘at-the-market’ equity program, which was launched in July 2025. During the quarter ending September 30, 2025, the company issued 632,800 ordinary shares, raising gross proceeds of C$604,510.72, with net proceeds of C$586,375.40 after commissions. This program allows GMG to raise capital to support its operations and strategic goals, potentially enhancing its market position in the clean-technology sector.

GMG Unveils Global Graphene-Enhanced Product Catalogue

Graphene Manufacturing Group Ltd has launched a new global product catalogue featuring graphene-enhanced products, including G® LUBRICANT and THERMAL-XR®, available in 16 languages for distributors worldwide. This launch marks a significant step in GMG’s commercial operations, simplifying product application processes and expanding market reach, potentially enhancing its industry positioning and stakeholder engagement.

GMG Secures Australian Patent for Graphene Coating, Achieves Energy Savings Success

Graphene Manufacturing Group Ltd (GMG) announced the successful patent approval of its THERMAL-XR® ENHANCE graphene coating in Australia, which is expected to enhance the company’s market presence in energy-saving solutions. The company has demonstrated significant energy savings in projects, including a large international airport, showcasing a 10.6% reduction in temperature and a 10.5% reduction in air flow pressure across cooling coils. This development is part of GMG’s strategy to expand its energy-saving product applications and strengthen its partnerships globally.