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Evolution Energy Minerals Limited
(Sydney:EV1)
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Rating:45Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:Reiterated
Date:10/02/26
The score is driven primarily by weak financial performance (pre-revenue with ongoing losses and cash burn), only partially offset by improving loss/cash-burn trends and a cleaner, low-leverage balance sheet. Technical indicators point to soft momentum, while valuation is constrained by negative earnings and no dividend yield support.
Positive Factors
Zero Debt
Reported zero debt across 2022–2026 materially reduces leverage and solvency risk while giving the company greater flexibility to advance its graphite project. This cleaner capital structure may also reduce financing pressure as development and permitting activities continue.
Negative Factors
No Revenue Base
Zero reported revenue means the business has not yet demonstrated commercial monetisation of its graphite assets. Until production or customer-funded revenue develops, financial performance remains dependent on project advancement, future funding, and successful execution of downstream pathways.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero Debt
Reported zero debt across 2022–2026 materially reduces leverage and solvency risk while giving the company greater flexibility to advance its graphite project. This cleaner capital structure may also reduce financing pressure as development and permitting activities continue.
Read all positive factors
Evolution Energy Minerals Limited (EV1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.98M
Dividend YieldN/A
Average Volume (3M)597.75K
Price to Earnings (P/E)―
Beta (1Y)1.53
Revenue GrowthN/A
EPS Growth70.75%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding816,728,100
10 Day Avg. Volume198,671
30 Day Avg. Volume597,746
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.57
Price to Sales (P/S)0.00
P/FCF Ratio-1.84
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)<0.01
Revenue Forecast (FY)AU$143.50M
Evolution Energy Minerals Limited Business Overview & Revenue Model
Company Description
Established in 2021 with its headquarters in West Perth, Australia, Evolution Energy Minerals Limited focuses on the sourcing, evaluation, and advancement of mineral resources. The company's primary holding is the Chilalo graphite project, located...
How the Company Makes Money
Evolution Energy Minerals’ business model is primarily to create value by advancing its graphite project(s) through exploration, studies, permitting and development, with the goal of generating future revenue from the sale of graphite products to ...
Evolution Energy Minerals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -46.20K | -44.52K | -17.95K | -12.12K | -4.19K |
| EBITDA | -2.44M | -5.70M | -10.56M | -13.54M | -7.87M |
| Net Income | -1.92M | -4.73M | -11.06M | -13.89M | -8.86M |
Balance Sheet | |||||
| Total Assets | 8.43M | 5.88M | 8.78M | 10.18M | 10.82M |
| Cash, Cash Equivalents and Short-Term Investments | 2.86M | 81.89K | 3.07M | 4.44M | 5.37M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 253.25K | 787.71K | 615.85K | 1.09M | 461.30K |
| Stockholders Equity | 8.22M | 4.98M | 7.68M | 9.09M | 10.36M |
Cash Flow | |||||
| Free Cash Flow | -2.55M | -5.16M | -10.67M | -13.43M | -5.61M |
| Operating Cash Flow | -2.54M | -5.08M | -10.60M | -13.40M | -5.56M |
| Investing Cash Flow | -4.50K | -85.21K | -65.24K | -29.27K | -45.02K |
| Financing Cash Flow | 5.33M | 2.17M | 9.35M | 12.32M | 11.18M |
Evolution Energy Minerals 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$10.60M | -2.52 | -227.32% | ― | ― | 66.06% | |
45 Neutral | AU$8.98M | -3.55 | -27.88% | ― | ― | 70.75% | |
45 Neutral | AU$25.40M | -3.19 | -43.52% | 26.19% | ― | 76.51% | |
42 Neutral | AU$13.38M | -2.89 | -83.24% | ― | ― | -9.30% | |
42 Neutral | AU$7.57M | -1.55 | -85.01% | ― | ― | -9.35% |
* Basic Materials Sector Average
AU:EV1
Evolution Energy Minerals Limited
0.01
>-0.01
-31.25%
AU:NMT
Neometals Ltd
0.03
-0.03
-48.21%
AU:REE
RareX Limited
0.01
-0.02
-63.33%
AU:HRE
Heavy Rare Earths Limited
0.04
>-0.01
-18.37%
AU:CMG
Critical Minerals Group Ltd.
0.06
-0.08
-57.14%
AU:AXL
Axel REE Ltd.
0.07
-0.01
-16.25%
Evolution Energy Minerals Limited Corporate Events
Evolution Energy Minerals Files 2026 Corporate Governance Statement with ASX
Sep 30, 2026
Evolution Energy Minerals Limited has lodged its annual corporate governance statement for the year ended 30 June 2026, confirming compliance with ASX Listing Rules on governance disclosure. The statement, current as of 30 September 2026, details ...
Evolution Energy Minerals Strengthens Transparency With Formal Governance Framework
Sep 30, 2026
Evolution Energy Minerals Limited, an Australian-listed company in the energy and resources sector, has established a comprehensive corporate governance framework aligned with the Corporations Act and ASX Listing Rules. The company discloses its g...
Evolution Energy Minerals Tightens Securities Trading Governance
Sep 17, 2026
Evolution Energy Minerals has updated its Securities Trading Policy, formally approved on 13 September 2026 and released in line with ASX Listing Rule 12.10. The policy document is now available via the company’s website, reinforcing transpa...
Evolution Energy Minerals Starts Maiden Drilling at Chikundo Copper Project
Sep 14, 2026
Evolution Energy Minerals has commenced a maiden reverse circulation drilling campaign at its Chikundo Copper Project in Tanzania, moving the asset from target definition into direct subsurface testing. The programme concentrates on the Chikundo P...
Evolution Energy Minerals Positions Chilalo Graphite for Fuel-Cell Markets
Sep 8, 2026
Evolution Energy Minerals has highlighted the potential of coarse flake graphite from its Chilalo deposit in Tanzania for high-value fuel-cell applications. The company’s focus on supplying concentrate-grade natural graphite aligns with grow...
Chilalo coarse-flake graphite targets high-value fuel-cell markets
Sep 1, 2026
Evolution Energy Minerals reported that test work on coarse-flake graphite from its Chilalo deposit shows strong suitability for high-value fuel-cell applications, particularly in graphite separator plates. With 58% of its resource in coarse flake...
Tanzania Lifts Default on Evolution Energy’s Chilalo Graphite Licence
Aug 25, 2026
Tanzania’s Mining Commission has formally lifted the default notice on Mining Licence ML 716/2023, which underpins Evolution Energy Minerals’ Chilalo Graphite Project, restoring full regulatory standing to the asset. The licence, held ...
Evolution Energy Minerals Wins Tanzanian Approval for Chikundo Copper Drilling
Aug 4, 2026
Evolution Energy Minerals has secured approval from Tanzania’s Mining Commission for its Expression of Interest to conduct a maiden reverse circulation drilling program at the Chikundo Copper Project in southern Tanzania. The approval allows...
Evolution Energy Minerals Posts Quarterly Cash Outflow But Maintains Solid Cash Balance
Jul 23, 2026
Evolution Energy Minerals reported a net operating cash outflow of A$0.63 million for the quarter ended 30 June 2026, driven by exploration and evaluation spending, staff costs and corporate overheads, partially offset by government grants and mod...
Evolution Energy Minerals advances Tanzanian copper and graphite projects in June quarter
Jul 23, 2026
Evolution Energy Minerals used the June 2026 quarter to push ahead on its two key Tanzanian assets, the Chikundo Copper Project and the Chilalo Graphite Project. The company closed the period with A$2.86 million in cash, leaving it fully funded fo...
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.