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Develop Global Limited
(Sydney:DVP)
Develop Global Limited (DVP) vs. iShares MSCI Australia ETF (EWA)
Develop Global Limited Business Overview & Revenue Model
Develop Global Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 231.91M | 231.47M | 147.23M | 67.78M | 4.51M | 0.00 |
| Gross Profit | 89.79M | 22.13M | 100.07M | -11.13M | 873.35K | -415.39K |
| EBITDA | 19.90M | 26.96M | 14.13M | -1.33M | -8.63M | -89.37M |
| Net Income | 72.39M | 72.39M | -12.13M | -17.89M | -9.22M | -89.88M |
Balance Sheet | ||||||
| Total Assets | 898.08M | 898.08M | 471.23M | 245.80M | 204.88M | 57.32M |
| Cash, Cash Equivalents and Short-Term Investments | 58.63M | 58.63M | 41.50M | 21.77M | 43.21M | 16.83M |
| Total Debt | 158.29M | 158.29M | 40.81M | 27.91M | 3.52M | 103.78K |
| Total Liabilities | 267.67M | 267.67M | 121.79M | 96.14M | 60.33M | 21.72M |
| Stockholders Equity | 629.96M | 629.96M | 349.27M | 149.66M | 144.55M | 35.60M |
Cash Flow | ||||||
| Free Cash Flow | -48.10M | -47.71M | -22.75M | -27.76M | -15.61M | -5.01M |
| Operating Cash Flow | 12.62M | 12.62M | 11.00M | 12.24M | -6.62M | -2.43M |
| Investing Cash Flow | -84.40M | -84.40M | -32.15M | -38.62M | -25.47M | -2.43M |
| Financing Cash Flow | 88.90M | 88.90M | 40.88M | 4.92M | 58.49M | 19.43M |
Develop Global Limited Technical Analysis
Develop Global Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.55B | 21.44 | 6.57% | 2.69% | 4.41% | 14.44% | |
65 Neutral | $1.32B | 15.31 | 14.22% | ― | 57.22% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | $1.10B | ― | ― | ― | ― | ― | |
45 Neutral | AU$887.07M | ― | -13.97% | ― | 620.73% | -21.19% | |
38 Underperform | AU$2.61B | ― | -50.19% | ― | ― | -20.85% |
Develop Global Limited Corporate Events
Develop Global Limited has announced the details of its 2025 Annual General Meeting (AGM), scheduled for November 10, 2025, in Perth, Western Australia. Shareholders are encouraged to participate either in person or by proxy, with the company providing options for online voting. This announcement ensures transparency and engagement with shareholders, reflecting Develop Global’s commitment to maintaining strong governance and communication practices.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
Develop Global Limited has released an updated Definitive Feasibility Study (DFS) for its Sulphur Springs Zinc-Copper Project, highlighting a significant increase in financial metrics with a pre-tax internal rate of return of 59% and free cash flow of approximately A$1.5 billion. The study outlines a new bottom-up mining approach, enhancing flexibility and de-risking the project, while positioning the company to benefit from the anticipated rise in demand for clean energy transition metals. The project is set to proceed with off-take agreements, project funding, and pre-development activities, aiming to leverage the untapped geological potential and extend the mine’s life.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
Develop Global Limited announced a change in the director’s interest, with William James Beament acquiring 253,450 ordinary shares through the exercise of performance rights under the FY25 short-term incentive plan. This change reflects a strategic adjustment in the director’s holdings, potentially impacting the company’s governance and stakeholder interests, as it involves a significant conversion of performance rights into shares.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
Develop Global Limited has announced the quotation of 960,949 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 3, 2025. This move is part of the company’s strategy to leverage convertible securities and options, potentially enhancing its market position and providing additional capital for future growth initiatives.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
Develop Global Limited has announced a change in the director’s interest in securities, specifically involving Michael Gerrard Blakiston. The change involves the transfer of 1,400,000 shares held directly by Blakiston to indirect interests, with no change in beneficial ownership. This adjustment in shareholding structure does not alter the total number of shares held by Blakiston, maintaining the company’s stability in terms of director’s shareholding.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$5.10 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
Develop Global Limited is a company engaged in the development and operation of mining assets and providing mining services, focusing on energy transition metals such as copper and zinc. In its latest earnings report, Develop Global Limited highlighted significant progress in transitioning from a project developer to a producer, with the first sale of copper, zinc, and lead concentrates from the Woodlawn Project. The company also made strides in advancing the Sulphur Springs zinc-copper project and expanding its mining services division. Key financial metrics included a consolidated pre-tax loss of A$4.8 million, driven by the Woodlawn mine restart and commissioning, while external contract revenue from its mining services division rose by 57% to A$216.8 million. Looking ahead, Develop Global Limited is optimistic about its growth prospects, with a strong outlook for copper and zinc and plans to accelerate project development and production rates at its key sites.
Develop Global Limited has released its corporate governance statement for the financial year ending June 30, 2025. The company has adhered to the ASX Corporate Governance Council’s recommendations, ensuring transparency and accountability in its operations. The statement, approved by the Board, is available on their website, and it outlines the company’s compliance with the governance principles, including board responsibilities and director appointments. This move reinforces Develop Global Limited’s commitment to maintaining high governance standards, which is crucial for its stakeholders and market reputation.
The most recent analyst rating on (AU:DVP) stock is a Hold with a A$4.40 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
Develop Global Limited has released a presentation highlighting its strategic focus on energy transition metals and underground mining services. The company aims to enhance its growth by leveraging its resource ownership and mining expertise, positioning itself as a key player in the sustainable energy sector. This strategic direction is expected to impact its operations and market positioning, potentially benefiting stakeholders by aligning with the global shift towards sustainable energy solutions.
The most recent analyst rating on (AU:DVP) stock is a Hold with a A$4.40 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
Develop Global Limited has announced the issuance of 873,047 unquoted performance rights under an employee incentive scheme. These securities are subject to transfer restrictions and are not quoted on the ASX until these restrictions are lifted, which could impact employee retention and motivation strategies.
The most recent analyst rating on (AU:DVP) stock is a Hold with a A$4.40 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
Develop Global Limited, a company listed on the Australian Securities Exchange, has announced the date for its 2025 Annual General Meeting (AGM), which will take place on November 10, 2025, in Perth, Western Australia. The meeting will address the re-election of directors, and the deadline for director nominations is set for September 5, 2025. This announcement is part of the company’s compliance with ASX Listing Rules and its constitution, ensuring transparency and governance in its operations.
The most recent analyst rating on (AU:DVP) stock is a Hold with a A$4.40 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
Develop Global Limited announced a change in the director’s interest, with William James Beament acquiring 92,606 ordinary shares through the exercise of performance rights. This acquisition, approved by shareholders, reflects a strategic move to align management interests with company performance, potentially impacting stakeholder confidence and market perception.
The most recent analyst rating on (AU:DVP) stock is a Hold with a A$4.40 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
Develop Global Limited has announced that BlackRock Group, including its subsidiaries, has ceased to be a substantial holder in the company as of August 14, 2025. This change in holding could impact the company’s shareholder structure and influence its market positioning, potentially affecting stakeholder interests.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
Develop Global Limited has reported significant progress in the June 2025 quarter, marked by the first sales from its Woodlawn Copper-Zinc Mine and the commencement of earthworks at the Sulphur Springs project. The company raised A$180 million to accelerate its growth strategy, which includes advancing underground development and increasing production capacity. This strategic move aims to de-risk project construction and enhance funding options, positioning Develop Global for rapid growth and increased stakeholder value. The company’s focus on extending mine life and exploring partnership opportunities reflects its commitment to capitalizing on the strong demand for copper and zinc.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
Develop Global Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $11.369 million, despite receiving $62.178 million from customers. The company also experienced a net cash outflow from investing activities amounting to $13.368 million, primarily due to significant expenditures on property, plant, and equipment. Financing activities resulted in a net cash outflow of $11.741 million, with proceeds from the exercise of options partially offsetting repayments of borrowings. This financial performance indicates a challenging quarter for Develop Global Limited, with implications for its liquidity and ongoing operational strategies.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.