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First AU Ltd.
(Sydney:FAU)
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Rating:44Neutral
Price Target:
AU$0.16
â–²(1450.00% Upside)
Action:Reiterated
Date:10/01/26
The score is held down primarily by weak financial performance—persistent losses, negative gross profitability, and ongoing operating cash burn—despite a low-debt balance sheet. Technical signals also remain bearish with the price below key moving averages and negative MACD. Valuation is not compelling on the provided metrics due to a negative P/E and no indicated dividend yield.
Positive Factors
Revenue Growth
Revenue growth of about 139% in 2025 shows the company expanded its top line materially over the latest reported year. If sustained, this could broaden the operating base and create a larger platform for improving margins, although the pack does not show that conversion yet.
Negative Factors
Negative Gross Profit
Negative gross profit indicates that reported revenue is not currently covering the direct costs of generating it. This undermines the durability of the business model, limits the benefit of top-line growth, and means sustained revenue expansion alone may not improve financial health without a material margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue growth of about 139% in 2025 shows the company expanded its top line materially over the latest reported year. If sustained, this could broaden the operating base and create a larger platform for improving margins, although the pack does not show that conversion yet.
Read all positive factors
First AU Ltd. (FAU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$26.34M
Dividend YieldN/A
Average Volume (3M)233.56K
Price to Earnings (P/E)―
Beta (1Y)-1.28
Revenue Growth133.33%
EPS Growth-321.05%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding188,174,010
10 Day Avg. Volume390,574
30 Day Avg. Volume233,558
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)5.69
Price to Sales (P/S)31.90
P/FCF Ratio-10.77
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
First AU Ltd. Business Overview & Revenue Model
Company Description
First Au Limited is an exploration company primarily focused on gold and base metals across Western Australia's Goldfields and Pilbara regions. The firm maintains complete ownership (100% interest) of several key ventures, including the Gimlet gol...
First AU Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 350.00K | 500.00K | 69.69K | 17.86K | 260.62K | 81.69K |
| Gross Profit | -1.79M | -1.88M | -4.71K | 290.28K | 260.62K | 74.33K |
| EBITDA | -3.30M | -2.42M | -973.90K | -1.83M | -4.01M | -3.87M |
| Net Income | -3.95M | -2.42M | -978.61K | -1.84M | -3.75M | -3.88M |
Balance Sheet | ||||||
| Total Assets | 11.17M | 3.14M | 2.35M | 2.78M | 2.82M | 5.48M |
| Cash, Cash Equivalents and Short-Term Investments | 4.27M | 371.07K | 469.85K | 737.94K | 297.24K | 2.94M |
| Total Debt | 0.00 | 17.99K | 9.15K | 13.85K | 32.92K | 26.90K |
| Total Liabilities | 3.32M | 333.42K | 158.96K | 211.81K | 204.63K | 270.15K |
| Stockholders Equity | 7.85M | 2.81M | 2.19M | 2.57M | 2.62M | 5.21M |
Cash Flow | ||||||
| Free Cash Flow | -721.10K | -1.48M | -933.59K | -1.56M | -3.28M | -3.95M |
| Operating Cash Flow | -1.96M | -1.48M | -933.59K | -1.54M | -3.21M | -3.90M |
| Investing Cash Flow | -459.25K | -210.00K | 196.23K | 367.00K | -65.00K | -57.67K |
| Financing Cash Flow | 6.23M | 1.38M | 599.84K | 1.69M | 842.07K | 5.37M |
First AU Ltd. 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% | |
55 Neutral | AU$31.01M | 8.10 | 3.21% | ― | ― | ― | |
52 Neutral | AU$31.20M | 0.59 | 124.08% | ― | ― | ― | |
46 Neutral | AU$34.58M | -4.63 | -84.88% | ― | -100.00% | 10.00% | |
45 Neutral | AU$30.83M | -4.79 | -31.63% | ― | ― | -58.33% | |
44 Neutral | AU$26.34M | -4.85 | -74.10% | ― | 133.33% | -321.05% | |
42 Neutral | AU$19.55M | -4.55 | -58.95% | ― | ― | 40.99% |
* Basic Materials Sector Average
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First AU Ltd. Corporate Events
First Au shareholders back capital consolidation and prior Viking securities issues
Sep 23, 2026
First Au Limited has reported that all resolutions put to shareholders at its 23 September general meeting were approved by poll, including ratifications related to prior issues of Viking consideration securities. The resolutions also covered gove...
First AU Plans Major Capital Raise Through Shares, Options and Performance Rights
Sep 15, 2026
First AU Ltd. has lodged a proposed securities issue with the ASX, outlining a substantial placement of ordinary fully paid shares alongside multiple new classes of options and performance rights. The planned issuance, slated for November 18, 2026...
First AU Moves to Acquire Javelin Minerals in All‑Scrip Gold Fields Merger
Sep 15, 2026
First AU has entered into a binding agreement to acquire Javelin Minerals in an all-scrip, off-market takeover that would consolidate their respective brownfields gold projects in the Eastern Goldfields near Kalgoorlie. The combination would unite...
First Au shares halted pending potential change-of-control deal
Sep 14, 2026
First Au Limited has requested a trading halt on its securities on the Australian Securities Exchange, effective immediately, pending the release of an announcement linked to a potential change of control transaction. The halt will remain in place...
First Au Limited Releases 30 June 2026 Interim Financial Report
Sep 10, 2026
First Au Limited has released its interim report for the half-year ended 30 June 2026, intended to be read in conjunction with the annual report for the year ended 31 December 2025. The document includes a corporate directory, review of operations...
First Au Strikes Ore Deal With Forrestania to Process Gimlet Gold
Sep 8, 2026
First Au Ltd. has entered into an Ore Purchase Agreement with Forrestania Resources to create a processing and monetisation pathway for suitable gold ore from its Gimlet Project. The deal enables First Au to access established gold processing infr...
First AU plans new share issue to bolster capital base
Sep 6, 2026
First AU Limited plans to issue up to 4,651,163 ordinary fully paid shares in a proposed placement or similar capital-raising transaction on the Australian Securities Exchange. The new securities, expected to be issued on 27 November 2026, will ex...
First Au moves on Sandstone Gold Project in WA greenstone belt
Sep 6, 2026
First Au Ltd has struck a binding deal to acquire the Sandstone Gold Project in Western Australia’s established Sandstone gold district, securing five tenements that span parts of the Mayard and Crook Well greenstone belts. The package inclu...
First Au moves to digital notices ahead of September shareholder meeting
Aug 25, 2026
First Au Limited, an ASX-listed company, is reinforcing its digital-first approach to shareholder communications by making its Notice of General Meeting available online and via email to investors who have opted for electronic communications. The ...
First AU Restructures Capital with Consolidation of Shares and Options
Aug 25, 2026
First AU Limited has announced a consolidation of its capital structure affecting its ordinary fully paid shares, several series of listed options, and outstanding performance rights. The reorganisation covers multiple option classes with expiries...
First Au Uncovers New High-Grade Gold Target Near Paddington Mill
Aug 18, 2026
First Au Ltd. has released an amended announcement detailing initial high-grade gold assay results from fieldwork on two of its 20 newly acquired Kalgoorlie tenements in Western Australia. The company reported rock samples grading up to 4.93g/t an...
First Au to Tighten Capital Structure with 20-for-1 Share Consolidation
Aug 7, 2026
First Au Limited plans to consolidate its capital on a 20-for-1 basis across all shares, options and performance rights, aiming to create a more streamlined capital structure and a share price profile it views as better suited to its size and deve...
First Au boosts WA gold portfolio with Riverina East acquisition and Gimlet upgrade
Jul 27, 2026
First Au Ltd. has accelerated its expansion in Western Australia’s gold sector by agreeing to acquire the Riverina East Gold Project from Viking Mines, adding 11 mineral licences and an exploration licence application in the Kalgoorlie regio...
First AU issues new shares as it pursues Western Australian gold refocus
Jul 24, 2026
First AU Ltd has issued and allotted 127,552,699 fully paid ordinary shares and has lodged a cleansing notice confirming that these securities qualify for secondary trading exemptions under section 708A(5) of the Corporations Act. The company stat...
First AU issues 357 million unquoted performance rights
Jul 24, 2026
First AU Ltd. has notified the market of the issue of 357,147,557 unquoted performance rights, with the new class of securities to be confirmed and an issue date of July 24, 2026. The performance rights are not quoted and are not intended to be qu...
First AU seeks ASX quotation for 127.6 million new shares
Jul 24, 2026
First AU Ltd. has applied for quotation on the ASX of 127,552,699 ordinary fully paid shares under code FAU, with an issue date of July 24, 2026. The new securities form part of a previously announced transaction, expanding the company’s lis...
First AU Director Increases Stake Through Approved Share Placement
Jul 1, 2026
First AU Ltd has disclosed a change in the indirect interests of Director Daniel Raihani, who holds his stake through 7 Enterprises Pty Ltd, as part of an ASX-notified update. The filing outlines adjustments to his shareholding and options, signal...
First AU Issues 270 Million Unquoted Options to Support Growth Plans
Jul 1, 2026
First AU Ltd. has notified the market of the issue of 270 million unquoted options, each exercisable at $0.02 and expiring on 1 July 2028, under a previously announced transaction. The new options are not intended to be quoted on the ASX, signalin...
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.