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Greenwing Resources Ltd
(Sydney:GW1)
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Rating:61Neutral
Price Target:
AU$0.09
â–¼(-8.00% Downside)
Action:Reiterated
Date:07/24/26
The score is primarily held back by weak financial performance: minimal revenue and ongoing negative operating/free cash flow despite balance-sheet improvement and a FY2025 net income uptick. Offsetting this, technicals are strong with the stock trading above key moving averages and positive momentum indicators, while valuation is moderately supportive due to a low P/E.
Positive Factors
Balance sheet strength
Material reduction in leverage and meaningful equity growth provide a more durable financial runway, lowering refinancing and solvency risk. Improved balance-sheet resilience supports continued exploration spending and strategic optionality over quarters without immediate revenue.
Negative Factors
Pre-revenue status
Being effectively pre-revenue means no persistent operating cash base or margin profile; future profitability depends on successful resource development and commercialization. This heightens execution risk and extends the timeline before revenue-driven sustainability is achievable.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Material reduction in leverage and meaningful equity growth provide a more durable financial runway, lowering refinancing and solvency risk. Improved balance-sheet resilience supports continued exploration spending and strategic optionality over quarters without immediate revenue.
Read all positive factors
Greenwing Resources Ltd (GW1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$57.75M
Dividend YieldN/A
Average Volume (3M)963.77K
Price to Earnings (P/E)9.4
Beta (1Y)-0.29
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees130
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.01
Shares Outstanding525,024,960
10 Day Avg. Volume959,078
30 Day Avg. Volume963,766
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.27
Price to Sales (P/S)0.00
P/FCF Ratio-4.64
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
Greenwing Resources Ltd Business Overview & Revenue Model
Company Description
Greenwing Resources Ltd primarily focuses on the mining and commercialization of industrial mineral concentrates. The company wholly owns several significant operations, including the Graphmada Large Flake Graphite mine located in eastern Madagasc...
How the Company Makes Money
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Greenwing Resources Ltd Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
78
Positive
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 19.14K |
| Gross Profit | -98.47K | -238.48K | -71.91K | -151.00K | -150.00K | -8.44K |
| EBITDA | -579.19K | 4.50M | -1.10M | -3.23M | -2.57M | -4.98M |
| Net Income | 514.85K | 1.60M | -1.99M | -4.52M | -4.20M | -6.28M |
Balance Sheet | ||||||
| Total Assets | 27.10M | 26.19M | 24.89M | 25.17M | 15.19M | 9.90M |
| Cash, Cash Equivalents and Short-Term Investments | 925.21K | 787.37K | 708.67K | 8.05M | 1.90M | 598.50K |
| Total Debt | 309.50K | 382.20K | 465.90K | 10.17M | 3.97M | 4.34M |
| Total Liabilities | 4.00M | 4.50M | 8.41M | 12.33M | 5.66M | 5.75M |
| Stockholders Equity | 23.10M | 21.69M | 16.48M | 12.84M | 9.53M | 4.14M |
Cash Flow | ||||||
| Free Cash Flow | -2.23M | -1.27M | -1.62M | -5.49M | -4.15M | -1.95M |
| Operating Cash Flow | -2.22M | -1.26M | -825.38K | -1.84M | -1.88M | -1.04M |
| Investing Cash Flow | -408.34K | -1.52M | -7.59M | -3.65M | -2.26M | -831.91K |
| Financing Cash Flow | 1.76M | 2.79M | 1.28M | 11.45M | 5.47M | 771.34K |
Greenwing Resources 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% | |
61 Neutral | AU$57.75M | 9.42 | 2.30% | ― | ― | ― | |
47 Neutral | AU$33.11M | -19.06 | -17.23% | ― | ― | 85.61% | |
46 Neutral | AU$22.10M | -0.60 | -104.93% | ― | ― | -100.00% | |
44 Neutral | AU$13.78M | -5.56 | -3.39% | ― | ― | 10.00% | |
42 Neutral | AU$23.21M | -1.30 | -21.86% | ― | ― | 81.08% | |
42 Neutral | AU$10.55M | -13.98 | -9.24% | ― | ― | 67.45% |
* Basic Materials Sector Average
AU:GW1
Greenwing Resources Ltd
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Greenwing Resources Ltd Corporate Events
Greenwing Resources Director Increases Shareholding via Option Exercise
Jul 29, 2026
Greenwing Resources has disclosed a change in director Peter Stanley Wright’s holdings, following the exercise of a tranche of unlisted options. Wright’s total ordinary shareholding increased from 16,433,939 to 17,148,224 shares, while...
Greenwing Resources Expands Share Capital Through Option Exercise
Jul 29, 2026
Greenwing Resources has issued 776,785 new shares following the exercise of unlisted options, modestly expanding its share capital without a separate disclosure document to investors. The company stated it remains in compliance with key Corporatio...
Greenwing Resources Seeks ASX Quotation for Additional Shares
Jul 29, 2026
Greenwing Resources Ltd, an ASX-listed resources company trading under the code GW1, offers ordinary fully paid shares as its main security for investors. The group’s activities are framed by ASX listing rules that govern how new securities ...
Greenwing Resources Relocates Registered Office to Brisbane
Jul 24, 2026
Greenwing Resources Ltd has relocated its registered office and principal place of business to a new address on Edward Street in Brisbane, Queensland, effective 24 July 2026. The move consolidates the company’s corporate base while all other...
Greenwing attributes share price surge to investor outreach and lithium market optimism
Jul 23, 2026
Greenwing Resources has responded to an ASX price and volume query after its shares rose from A$0.073 to A$0.086 with unusually high trading activity. The company said it is not aware of any undisclosed price-sensitive information, confirmed compl...
Greenwing Resources Stresses Limits of Investor Presentation and Forward-Looking Information
Jul 23, 2026
Greenwing Resources Ltd used an investor lunch presentation in July 2026 to outline information about the company to current and prospective shareholders. The document emphasises that it is a corporate communication rather than an offer to subscri...
Greenwing starts bulk brine sampling to advance DLE study at San Jorge
Jun 23, 2026
Greenwing Resources has begun a bulk brine sampling campaign at its San Jorge lithium brine project in Argentina’s Salar de San Francisco, designed to collect representative brine from multiple depths across the resource for direct lithium e...
Greenwing Secures Que River Lease Renewal to 2035 as Two-Stage Strategy Advances
Jun 8, 2026
Greenwing Resources has secured renewal of its Que River mining lease in Tasmania through 2035, providing long-term tenure certainty over its 100%-owned polymetallic project and marking a key milestone in its development strategy. The project is s...
Greenwing launches DLE study as San Jorge lithium project advances scoping work
May 31, 2026
Greenwing Resources has launched a Direct Lithium Extraction study at its San Jorge Lithium Brine Project, appointing specialist firm Zelandez to lead a structured technology assessment and testwork program tailored to the project’s specific...
Greenwing Issues 7.5 Million Shares and Affirms Regulatory Compliance
May 13, 2026
Greenwing Resources Ltd has issued 7,500,000 new shares, confirming the placement was conducted without a prospectus under Australian Corporations Act provisions and that it remains compliant with key financial reporting and continuous disclosure ...
Greenwing Resources seeks ASX quotation for 7.5 million new shares
May 13, 2026
Greenwing Resources Ltd has applied for quotation of 7,500,000 ordinary fully paid shares on the Australian Securities Exchange. The new securities, issued on May 13, 2026, expand the company’s listed share base, potentially increasing liqui...
Greenwing Resources Issues 5.9 Million Unquoted Options to Support Capital Structure
May 13, 2026
Greenwing Resources has notified the market of the issue of 5.875 million unquoted options under its existing equity arrangements, all of which are not intended to be quoted on the ASX. The issuance consists of 1.875 million options exercisable at...
Greenwing Resources to Raise Capital via New Share and Option Issue
May 7, 2026
Greenwing Resources has outlined a proposed capital raising through the issue of 7.5 million new ordinary fully paid shares and a total of 5.875 million options across two series, all to be quoted on the ASX. The placement, scheduled for issue on ...
Greenwing Secures Key Rehabilitation Approval as Que River Moves Toward Mining Restart and Data Pivot
May 5, 2026
Greenwing Resources has secured approval from Mineral Resources Tasmania for an updated Decommissioning and Rehabilitation Plan at its Que River Project, marking a key regulatory step toward renewing the mining lease and restarting open pit operat...
Greenwing Director Boosts Stake in Equity Raising
Apr 30, 2026
Greenwing Resources director Peter Stanley Wright has increased his holding in the company through participation in a recent equity raising. Wright acquired 2,857,143 new shares at $0.042 each, along with 714,285 free attaching options exercisable...
Greenwing Resources Issues 43.75 Million Unquoted Options to Bolster Capital Flexibility
Apr 30, 2026
Greenwing Resources Ltd has issued 43,750,000 unquoted options exercisable at $0.08 each, expiring on 25 June 2027, as part of a previously announced transaction. The new options, which will not be quoted on the ASX, expand the company’s poo...
Greenwing Resources Issues 10 Million Unquoted Options Under Existing Transaction
Apr 30, 2026
Greenwing Resources has notified the market of the issue of 10,000,000 unquoted options, exercisable at $0.08 and expiring on 31 December 2029. The options, recorded under the code GW1AI and issued on 30 April 2026, form part of a previously annou...
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.