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Firebrick Pharma Limited (FRE) AI Stock Analysis

AU:FRE

Firebrick Pharma Limited

(ASX:FRE)

Select Model
Rating:44Neutral
Price Target:AUD 0.03â–²(11.11% Upside)
Action:reiterated
Date:10/20/26

The score is held down primarily by weak financial performance—large losses, a sharp FY2026 revenue drop, and ongoing negative cash flow despite zero debt. Technicals are also soft with price below key moving averages and negative MACD, while valuation is constrained by negative earnings and no indicated dividend yield.

Positive Factors
Zero DebtZero debt reduces refinancing and solvency pressure, preserving financial flexibility while the company addresses weak trading results. This gives management more room to allocate capital toward product registration, commercialization, or market expansion without servicing leverage.
Negative Factors
Sharp Revenue DeclineThe sharp FY2026 revenue contraction points to materially weaker commercial traction and reduces the scale available to absorb fixed operating costs. Unless sales recover, the decline can constrain investment capacity and make a durable path to profitability more difficult.

Firebrick Pharma Limited (FRE) vs. iShares MSCI Australia ETF (EWA)

-80%-60%-40%-20%0%20%AU:FRE-57.81%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 8.32M
Dividend Yield
―
Average Volume (3M)
185.53K
Price to Earnings (P/E)
-2.3
Beta (1Y)
-0.16
Revenue Growth
-63.86%
EPS Growth
4.00%
Country
Australia
Employees
6
Sector
Healthcare
Sector Strength
51
Industry
Drug Manufacturers - General

Firebrick Pharma Limited Business Overview & Revenue Model

Company Description

Firebrick Pharma Limited, an enterprise established in 2012 and headquartered in Melbourne, Australia, is dedicated to the research, development, and market launch of Nasodine, a nasal spray treatment for the common cold, exclusively for the Australi...

Firebrick Pharma Limited Financial Statement Overview

Summary

Financials are dominated by sharp revenue decline (FY2026 down 72% YoY), deeply negative profitability (gross profit turned materially negative), and consistently negative operating/free cash flow. The main offsetting positive is zero debt, but ongoing losses and equity erosion keep financial strength weak.

Income Statement

12Very Negative

Balance Sheet

53Neutral

Cash Flow

18Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue106.03K106.03K293.42K14.52K8304,124
Gross Profit-1.13M-1.04M104.82K-22.78K8304,124
EBITDA-3.10M-3.10M-2.86M-1.17M-6.81M-4.86M
Net Income-3.06M-3.06M-2.63M-1.18M-6.80M-3.80M
Balance Sheet
Total Assets2.17M2.17M1.83M2.41M2.98M8.73M
Cash, Cash Equivalents and Short-Term Investments1.32M1.32M983.35K824.78K2.35M7.14M
Total Debt000000
Total Liabilities483.03K483.03K271.28K291.07K506.44K450.10K
Stockholders Equity1.68M1.68M1.56M2.12M2.48M8.28M
Cash Flow
Free Cash Flow-2.60M-2.60M-1.86M-2.35M-5.78M-4.23M
Operating Cash Flow-2.60M-2.60M-1.78M-2.34M-5.78M-4.20M
Investing Cash Flow00-82.98K-134-1,616-32.54K
Financing Cash Flow2.94M2.94M2.02M815.21K996.65K10.23M

Firebrick Pharma Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.03

Price Trends

50DMA0.03Negative
100DMA0.03Negative
200DMA0.04Negative

Market Momentum

MACD-0.00Negative
RSI48.71Neutral
STOCH62.50Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FRE, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 48.71 is Neutral, neither overbought nor oversold. The STOCH value of 62.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FRE.

Firebrick Pharma Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

AU:FRE against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:MYXAU:MYX59NeutralAUD 208.00M8.196.58%―-5.98%―
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
AU:IMCAU:IMC46NeutralAUD 12.91M-3.10-31.88%―5.85%45.13%
AU:1ADAU:1AD44NeutralAUD 6.42M-0.87-6182.61%――62.90%
AU:FREAU:FRE44NeutralAUD 8.32M-2.25-169.20%―-63.86%4.00%
AU:BOTAU:BOT41NeutralAUD 27.63M-0.31-118.74%―499.47%31.20%
AU:IDTAU:IDT41NeutralAUD 18.20M-6.88-13.81%―5.93%66.32%

* Healthcare Sector Average

Performance Comparison

-75%-50%-25%0%25%AU:FREAU:MYXAU:IMCAU:IDTAU:BOTDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:FRE and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:FREFirebrick Pharma Limited0.03-0.04-61.43%
AU:MYXMayne Pharma Group Ltd.2.54-2.03-44.42%
AU:IMCImmuron Limited0.04-0.04-49.37%
AU:1ADAdAlta Ltd.―――
AU:IDTIDT Australia Limited0.04-0.02-26.67%
AU:BOTBotanix Pharmaceuticals Limited0.01-0.12-92.31%

Firebrick Pharma Limited Corporate Events

Firebrick Pharma Steps Up U.S. Push and Expands Nasodine Range

Oct 22, 2026

Firebrick Pharma reported its September 2026 quarter activities, highlighting a strategic push into the U.S. retail pharmacy market for its Nasodine products following strong online sales growth. The company appointed U.S.-based non-executive directo...

Firebrick Pharma Confirms Strategic Share Placement and Ongoing Product Development

Oct 19, 2026

Firebrick Pharma Limited has issued 20,907,143 ordinary fully paid shares at $0.035 per share as part of a strategic placement previously announced to the market. The company confirms the shares were issued without a disclosure document under the Cor...

Firebrick Pharma Seeks ASX Quotation for Over 20 Million New Shares

Oct 19, 2026

Firebrick Pharma Limited has applied for quotation of 20,907,143 ordinary fully paid shares on the ASX, with an issue date of 19 October 2026. The move formalizes the listing of these securities, potentially expanding the company’s tradable sha...

Firebrick Pharma Sets Virtual AGM to Approve Board, Incentives and Capital Mandate

Oct 12, 2026

Firebrick Pharma Limited has called its Annual General Meeting for 11 November 2026, to be held via a virtual meeting platform powered by Automic, allowing shareholders to watch, listen, ask questions and vote online. The board has set 9 November 202...

Firebrick Pharma Raises $732k to Accelerate Global Nasodine Expansion

Oct 11, 2026

Firebrick Pharma has secured approximately $732,000 in strategic equity investments via a placement of about 20.9 million shares at $0.035 per share, representing roughly 7.28% of its current shares on issue and priced at a notable premium to recent...

Firebrick Pharma Sets Phased U.S. Retail Push for Nasodine After Online Sales Surge

Sep 28, 2026

Firebrick Pharma has unveiled a plan to move beyond its current direct-to-consumer presence and enter the U.S. retail pharmacy market with its Nasodine products, following more than 200% growth in U.S. online sales in FY26. At a major U.S. pharmacy t...

Firebrick Pharma secures A$293,000 R&D tax incentive to support Nasodine product expansion

Sep 22, 2026

Firebrick Pharma has received an A$293,000 payment under Australia’s R&D Tax Incentive program for eligible research and development expenditure incurred in the 2025/26 financial year. The payment corresponds to A$673,000 in reported R&...

Firebrick Pharma Sets Virtual AGM and Director Nomination Deadline Amid Nasodine Expansion

Sep 14, 2026

Firebrick Pharma Limited has scheduled its Annual General Meeting for 11.00am AEDT on Wednesday, 11 November 2026, to be conducted as a virtual event via an online platform that will allow shareholders to watch, listen and vote remotely. The company...

Firebrick Pharma lodges ASX governance disclosures for 2026

Aug 31, 2026

Firebrick Pharma has lodged its Appendix 4G with the ASX for the financial year ended 30 June 2026, confirming that its corporate governance statement is current as at 31 August 2026 and available on its investor website. The filing indicates the com...

Firebrick Pharma Revenue Slides as Loss Widens and Asset Backing Erodes

Aug 31, 2026

Firebrick Pharma Limited reported a sharp decline in revenue from ordinary activities to $106,000 for the year ended 30 June 2026, down from $293,000 a year earlier, highlighting weaker commercial performance. The company operates in the pharmaceutic...

Firebrick Pharma Issues Shares to Consultant in Lieu of Fees

Aug 10, 2026

Firebrick Pharma Limited has issued 2,000,000 ordinary fully paid shares to a consultant in lieu of cash service fees, at an issue price of $0.026 per share, and has notified the market under section 708A of the Corporations Act. The company confirme...

Firebrick Pharma Seeks ASX Quotation for 2 Million New Shares

Aug 10, 2026

Firebrick Pharma Limited has lodged an application with the ASX for quotation of 2,000,000 ordinary fully paid shares under its FRE ticker. The new securities, issued on August 10, 2026, expand the company’s listed share base and reflect ongoin...

Firebrick Pharma Plans Placement of Up to 2 Million New Shares

Aug 9, 2026

Firebrick Pharma Limited has announced a proposed issue of up to 2,000,000 ordinary fully paid shares on the ASX under the code FRE. The securities are to be issued via a placement or other type of issue, with the proposed issue date set for 10 Augus...

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.

Date of analysis: Oct 20, 2026