Askari Metals Limited (AU:AS2)
ASX:AS2
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Askari Metals Limited
(Sydney:AS2)
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Rating:46Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:02/18/26
The score is primarily held back by weak financial quality: despite rapid revenue growth, the company remains unprofitable with negative ROE and pressured cash flows. Technical indicators add a neutral-to-soft backdrop (negative MACD, mid-range RSI), and valuation is constrained by losses (negative P/E) with no dividend yield data.
Positive Factors
Exceptional Revenue Growth
Askari Metals' extraordinary reported revenue growth indicates rapidly expanding demand or successful commercial traction. This creates a larger revenue base to leverage fixed-cost absorption, supports scale advantages, and provides a runway for improving unit economics if management sustains growth execution over the medium term.
Negative Factors
Persistent Unprofitability
Despite strong top-line expansion, ongoing negative EBIT and net margins mean the company is not yet generating internal returns. Structural unprofitability limits reinvestment capacity, may require repeated external financing, and raises the risk that revenue growth alone will not produce sustainable shareholder value without durable margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional Revenue Growth
Askari Metals' extraordinary reported revenue growth indicates rapidly expanding demand or successful commercial traction. This creates a larger revenue base to leverage fixed-cost absorption, supports scale advantages, and provides a runway for improving unit economics if management sustains growth execution over the medium term.
Read all positive factors
Askari Metals Limited (AS2) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.52M
Dividend YieldN/A
Average Volume (3M)6.90M
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue GrowthN/A
EPS Growth78.01%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding788,733,800
10 Day Avg. Volume2,416,458
30 Day Avg. Volume6,904,555
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.17
Price to Sales (P/S)34.58
P/FCF Ratio-0.38
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)N/A
Revenue Forecast (FY)N/A
Askari Metals Limited Business Overview & Revenue Model
Company Description
Based in Perth, Australia, Askari Metals Limited was founded in 2020 and initially operated as Askari Gold Limited before rebranding in February 2021. The company is actively involved in identifying, exploring, and developing mineral resources, pr...
How the Company Makes Money
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Askari Metals Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.30K | 30.33K | 11.65K | 20.68K | 0.00 | 0.00 |
| Gross Profit | 24.87K | 30.33K | 11.65K | -217.23K | -52.59K | 0.00 |
| EBITDA | -5.41M | -6.81M | -4.81M | -5.59M | -2.19M | -370.54K |
| Net Income | -5.24M | -7.14M | -5.18M | -6.21M | -2.25M | -370.54K |
Balance Sheet | ||||||
| Total Assets | 10.64M | 7.79M | 11.33M | 12.29M | 7.27M | 6.67M |
| Cash, Cash Equivalents and Short-Term Investments | 2.52M | 24.66K | 221.84K | 3.46M | 4.35M | 5.80M |
| Total Debt | 635.08K | 819.93K | 850.22K | 55.79K | 92.98K | 23.75K |
| Total Liabilities | 2.31M | 1.62M | 2.21M | 1.29M | 383.22K | 632.86K |
| Stockholders Equity | 8.33M | 6.17M | 9.13M | 11.00M | 6.89M | 6.04M |
Cash Flow | ||||||
| Free Cash Flow | -1.38M | -2.79M | -4.99M | -6.40M | -3.53M | -250.00K |
| Operating Cash Flow | -1.57M | -2.50M | -2.49M | -4.15M | -1.87M | -146.03K |
| Investing Cash Flow | -210.50K | -172.91K | -2.50M | -2.23M | -1.82M | -114.98K |
| Financing Cash Flow | 3.58M | 2.47M | 1.76M | 5.50M | 2.23M | 6.06M |
Askari Metals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | AU$5.52M | -0.48 | -72.25% | ― | ― | 78.01% | |
44 Neutral | AU$5.22M | -1.32 | -171.67% | ― | ― | 17.53% | |
42 Neutral | AU$5.17M | -2.25 | -22.16% | ― | ― | 4.76% | |
40 Underperform | AU$6.00M | -1.22 | -115.58% | ― | ― | 48.33% | |
| ― | AU$4.46M | -0.54 | -119.59% | ― | ― | 20.68% | |
40 Underperform | AU$5.33M | -0.99 | -102.37% | ― | ― | -505.33% |
* Basic Materials Sector Average
AU:AS2
Askari Metals Limited
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Askari Metals Limited Corporate Events
Askari Metals convenes July 2026 general meeting, urges proxy voting
Jun 26, 2026
Askari Metals Limited has called a general meeting of shareholders to be held on 31 July 2026 in Osborne Park, Western Australia. The company will make the notice of meeting and related documents available online and via its ASX announcements page...
Askari Metals Issues 7.2 Million Shares as Advisory Fee in Equity
Jun 18, 2026
Askari Metals has issued 7,200,000 fully paid ordinary shares at 1 cent each under its ASX Listing Rule 7.1 capacity as non-cash consideration for corporate advisory services, with the shares quoted on the ASX as part of an existing class. The com...
Askari Metals Redeems 920,000 Convertible Notes, Trimming Debt Load
Jun 18, 2026
Askari Metals Limited has confirmed the cessation of 920,000 AS2AH convertible notes following their repayment or redemption without conversion into equity on 1 June 2026. The move reduces the company’s outstanding convertible debt, potentia...
Askari Metals Seeks ASX Quotation for 7.2 Million New Shares
Jun 18, 2026
Askari Metals Limited has applied to the ASX for quotation of 7.2 million new ordinary fully paid shares, expanding its listed securities on the market. The additional shares, issued on June 17, 2026, are expected to support the company’s ca...
Askari Metals expands Uis critical minerals pipeline with seven new pegmatite targets
Jun 17, 2026
Askari Metals has identified seven new high-priority pegmatite targets at its Uis Project in Namibia through an in-house hyperspectral remote sensing study, substantially expanding its exploration pipeline. The work highlights large-scale targets ...
Askari Metals’ Uis trenching underscores emerging polymetallic critical minerals hub
Jun 9, 2026
Askari Metals has reported strong Phase I trenching results from the K9 pegmatite target at its 100%-owned Uis Project in Namibia, confirming a continuous polymetallic system rich in tin, lithium, tantalum, rubidium and caesium. The trenching, con...
Askari Metals Issues Shares in Lieu of Cash for Services
Jun 2, 2026
Askari Metals has issued 10,040,000 fully paid ordinary shares at 1 cent each in lieu of cash payments for services, utilising its ASX Listing Rule 7.1 placement capacity. The shares, which form part of its quoted class and were issued on 1 June 2...
Askari Metals Seeks ASX Quotation for 10 Million New Shares
Jun 2, 2026
Askari Metals Limited has applied for the quotation of 10,040,000 ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 1 June 2026. The application, lodged as a new Appendix 2A announcement, formalises the admiss...
Askari Metals Relocates Corporate Office to Support African Exploration Push
Jun 2, 2026
Askari Metals has relocated its registered and principal administrative office to new premises at The Garden Office Park on Scarborough Beach Road in Osborne Park, Western Australia. The move consolidates the company’s corporate base as it c...
Askari Metals Starts Phase I Exploration at Namibia’s Uis EPL 7626
May 26, 2026
Askari Metals has launched a Phase I field program at its wholly owned EPL 7626 licence, part of the Uis Project in Namibia, targeting tin and tantalum within a broader polymetallic system. The work includes geological mapping, rock chip sampling ...
Askari Metals Issues 1.1 Million Shares, Affirms Regulatory Compliance
May 6, 2026
Askari Metals has issued 1.1 million fully paid ordinary shares, confirming that the issuance was conducted without a prospectus under relevant Corporations Act provisions and that it remains compliant with continuous disclosure and reporting obli...
Askari Metals Confirms Continuous Polymetallic Mineralisation at Namibia’s Uis Project
May 6, 2026
Askari Metals has reported Phase 1 trenching results from the PS Pegmatite Target at its Uis Project in Namibia, confirming continuous polymetallic mineralisation with notable grades of tin, lithium, tantalum, rubidium and caesium. The systematic ...
Askari Metals Issues Shares for Geological Services, Seeks ASX Quotation
May 5, 2026
Askari Metals has applied to the ASX for quotation of 1,100,000 new fully paid ordinary shares issued on 29 April 2026. The shares were issued in lieu of cash payments for geological and database professional services, indicating the company is us...
Askari Metals Posts On-Demand Quarterly Investor Webinar for March 2026
Apr 24, 2026
Askari Metals has released an on-demand, pre-recorded investor webinar accompanying its quarterly report for the period from 1 January to 31 March 2026. Presented by executive director Gino D’Anna, the webinar details the company’s qua...
Askari Metals readies major African drilling push on debt-free footing
Apr 23, 2026
Askari Metals outlined a quarter centred on advancing its African exploration portfolio, led by the district-scale Nejo Gold and Copper Project in Ethiopia, where it has delineated multiple drill-ready targets along two major mineralised corridors...
Askari Metals Moves to Repair Breach of ASX Related-Party Rules
Apr 2, 2026
Askari Metals has disclosed that it inadvertently breached ASX Listing Rule 10.11 by issuing 10 million shares and 20 million options to a related party, newly appointed non-executive director Martin Holland, without prior shareholder approval. Th...
Askari Metals Confirms High-Grade Polymetallic System at Namibia’s Uis Project
Apr 1, 2026
Askari Metals has reported Phase I trenching results from the OP Pegmatite Target at its Uis Project in Namibia, confirming continuous high-grade polymetallic mineralisation over a 2.2km system. Systematic trenching on roughly 40m spacing delivere...
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.