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Aquirian Limited
(Sydney:AQN)
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Rating:52Neutral
Price Target:
AU$0.42
â–²(0.95% Upside)
Action:Reiterated
Date:08/28/26
The score is primarily constrained by weak and volatile cash generation (negative operating cash flow and sharply negative free cash flow in FY2026) and mixed balance-sheet leverage despite improved equity. Offsetting this, the latest period shows an earnings rebound and continued revenue growth, while technicals point to mild positive momentum. Valuation is a secondary drag due to the negative P/E and lack of dividend yield data.
Positive Factors
Revenue Growth
Sustained revenue expansion indicates ongoing demand and market traction. Continued top-line growth can support operating leverage and provide a foundation for improving profitability if cost control remains effective.
Negative Factors
Weak Cash Generation
Negative operating cash flow despite positive earnings raises concerns about earnings quality and working-capital demands. Deeply negative free cash flow may require external funding and constrain investment or debt-servicing flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained revenue expansion indicates ongoing demand and market traction. Continued top-line growth can support operating leverage and provide a foundation for improving profitability if cost control remains effective.
Read all positive factors
Aquirian Limited (AQN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$50.37M
Dividend YieldN/A
Average Volume (3M)77.25K
Price to Earnings (P/E)29.0
Beta (1Y)0.91
Revenue Growth20.40%
EPS GrowthN/A
CountryAU
Employees3
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding125,928,420
10 Day Avg. Volume40,008
30 Day Avg. Volume77,254
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)1.87
Price to Sales (P/S)1.45
P/FCF Ratio-9.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.02
Revenue Forecast (FY)AU$55.10M
Aquirian Limited Business Overview & Revenue Model
Company Description
Aquirian Limited engages in manufacture and supply of energetics, development of technology and innovative products, provision of equipment, onsite field services, workforce and training solutions to the mining and resources industry in Australia....
Aquirian Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
56
Neutral
Cash Flow
38
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 31.31M | 26.01M | 23.07M | 26.16M | 17.43M |
| Gross Profit | 4.85M | 4.50M | 13.10M | 15.62M | 9.97M |
| EBITDA | 3.95M | -914.70K | 2.06M | 3.59M | 2.75M |
| Net Income | 1.39M | -3.41M | -649.00K | 546.82K | 558.15K |
Balance Sheet | |||||
| Total Assets | 45.16M | 34.54M | 33.38M | 25.72M | 22.97M |
| Cash, Cash Equivalents and Short-Term Investments | 11.59M | 6.85M | 4.73M | 3.32M | 7.99M |
| Total Debt | 14.86M | 15.10M | 16.07M | 9.30M | 7.07M |
| Total Liabilities | 21.02M | 21.75M | 22.12M | 13.73M | 11.92M |
| Stockholders Equity | 24.14M | 12.79M | 11.27M | 11.99M | 11.05M |
Cash Flow | |||||
| Free Cash Flow | -4.90M | -1.68M | 3.06M | -4.98M | -1.33M |
| Operating Cash Flow | -10.11K | 1.16M | 6.79M | 793.75K | 2.10M |
| Investing Cash Flow | -4.59M | -2.46M | -2.27M | -5.65M | -6.07M |
| Financing Cash Flow | 9.34M | 3.41M | -3.12M | 184.28K | 10.28M |
Aquirian Limited Technical Analysis
Neutral
0.42
Price Trends
0.40
Positive
0.41
Negative
0.41
Negative
Market Momentum
>-0.01
Positive
49.47
Neutral
31.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AQN, the sentiment is Neutral. The current price of 0.42 is above the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.40, and above the 200-day MA of 0.41, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.47 is Neutral, neither overbought nor oversold. The STOCH value of 31.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:AQN.
Aquirian Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$820.54M | 10.35 | 12.36% | 12.15% | 0.59% | 19.69% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | AU$382.76M | 9.85 | 17.00% | 7.64% | -1.82% | -19.36% | |
52 Neutral | AU$50.37M | 29.01 | 6.92% | ― | 20.40% | ― | |
52 Neutral | AU$245.83M | 333.33 | 1.95% | ― | 16.46% | ― | |
44 Neutral | AU$22.79M | -7.76 | -113.85% | ― | ― | -0.43% | |
40 Underperform | AU$8.36M | -0.62 | -94.50% | ― | -15.68% | -42.84% |
* Industrials Sector Average
AU:AQN
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Aquirian Limited Corporate Events
Aquirian formalises 2026 governance framework under ASX principles
Aug 27, 2026
Aquirian Limited has reaffirmed its commitment to robust corporate governance by formalising and publishing its adherence to the ASX Corporate Governance Council’s 4th Edition Principles and Recommendations. The company’s governance fr...
Aquirian Returns to Profit on Drillforce Growth and Balance Sheet Strength
Aug 26, 2026
Aquirian reported a strong FY26 turnaround, with revenue and other income rising 22.8% to $32.0 million and EBITDA almost tripling to $4.6 million. The company swung from a $3.4 million loss to a $1.4 million profit, boosted by demand in mining se...
Aquirian posts strong 2026 earnings but withholds dividend
Aug 26, 2026
Aquirian Limited has released its audited annual financial report for the year ended 30 June 2026, confirming a strong improvement across key metrics. The company reported a 20.4% rise in revenue to $31.3 million and a 194% surge in EBITDA to $4.6...
Aquirian director Bruce McFadzean lifts stake via shareholder-approved placement
Aug 11, 2026
Aquirian Limited has disclosed a change in director Bruce McFadzean’s interests in the company, following his participation in a director placement previously approved by shareholders at a general meeting. McFadzean acquired 50,000 fully pai...
Aquirian Issues Cleansing Notice for New Securities While Highlighting Mining Services Focus
Aug 11, 2026
Aquirian Limited, an ASX-listed mining services provider, delivers cutting-edge drill and blast solutions through its Energetics, Technology, and People units, targeting improved production efficiency and environmental outcomes in the global minin...
Aquirian Seeks ASX Quotation for Additional 100,000 Shares
Aug 11, 2026
Aquirian Limited has applied for quotation on the ASX of 100,000 ordinary fully paid shares, with an issue date of 11 August 2026. The securities form part of previously announced transactions, indicating a routine step in bringing additional issu...
Aquirian Issues 1m Unlisted Options in Two New Classes
Aug 11, 2026
Aquirian Limited, an ASX-listed company trading under the ticker AQN, participates in the public equity markets and employs structured capital instruments, including unlisted options, to support its corporate and financial strategies. The firmR...
Aquirian Issues New Unquoted Performance Rights Under Employee Incentive Plan
Aug 11, 2026
Aquirian Limited has notified the market of the issue of 196,337 unquoted performance rights under its employee incentive scheme, effective 11 August 2026. The new performance rights, which are not intended to be quoted on the ASX, form part of th...
Aquirian shareholders back all resolutions at July general meeting
Jul 23, 2026
Aquirian Limited has confirmed that all resolutions put to shareholders at its general meeting on 23 July 2026 were passed on a poll without amendment. The meeting covered a series of capital management and incentive-related items, including the r...
Aquirian lifts FY26 earnings as Drillforce wins $48m contract and Wubin expansion advances
Jul 12, 2026
Aquirian reported unaudited FY26 revenue of $32 million, up 22.8% on the prior year, and EBITDA of $4.6 million, a near tripling that underscores improved profitability and operating leverage. The company ended the period with $11.6 million in cas...
Aquirian Clarifies Shareholder Record Date for July General Meeting
Jun 24, 2026
Aquirian Limited has corrected a typographical error in its recently dispatched Notice of General Meeting, clarifying the official shareholding record date for voting eligibility. The company confirmed that only shareholders on the register as at ...
Aquirian Sets July 2026 General Meeting, Urges Early Proxy Voting
Jun 23, 2026
Aquirian Limited has scheduled a General Meeting of shareholders for 23 July 2026 at its Perth offices, with full meeting details and the Notice of Meeting available on the company’s website and ASX announcements page. The company is urging ...
Aquirian outlines business profile and cautions on investment risks
Jun 16, 2026
Aquirian Limited used its Euroz Hartleys Industrial Forum presentation to provide a high-level overview of its business, strategy and risk profile to prospective and existing investors. The document emphasises that the materials are informational ...
Aquirian appoints new non-executive director with option-based incentive package
Jun 2, 2026
Aquirian Limited has appointed Tanya Rybarczyk as a non-executive director, effective 1 June 2026, and disclosed that she currently holds no shares or other securities in the company. The appointment signals a board refresh, with her equity exposu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.