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Helix Resources Limited
(Sydney:HLX)
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Rating:54Neutral
Price Target:
AU$0.04
▲(36.67% Upside)
Action:Reiterated
Date:10/02/26
The score is held back primarily by weak financial performance (persistent losses, zero revenue in 2026, and ongoing cash burn), partially offset by a low-debt balance sheet and improved loss/cash burn in 2026. Technical indicators are moderately supportive (price above key moving averages and positive MACD), but valuation remains pressured due to negative earnings and no indicated dividend yield.
Positive Factors
Very Low Debt
The very low debt burden limits financial risk and preserves flexibility for exploration spending or other capital needs. A lightly leveraged balance sheet also reduces interest and refinancing pressure, giving the company more capacity to manage volatility in development outcomes.
Negative Factors
Persistent Unprofitability
Recurring negative EBIT and net income show that the business has not yet converted exploration activity into sustainable earnings. Continued losses can consume capital, limit internally funded growth, and leave future progress dependent on successful project advancement or external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Debt
The very low debt burden limits financial risk and preserves flexibility for exploration spending or other capital needs. A lightly leveraged balance sheet also reduces interest and refinancing pressure, giving the company more capacity to manage volatility in development outcomes.
Read all positive factors
Helix Resources Limited (HLX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.47M
Dividend YieldN/A
Average Volume (3M)400.53K
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue GrowthN/A
EPS Growth56.43%
CountryAU
Employees7
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding192,444,750
10 Day Avg. Volume457,667
30 Day Avg. Volume400,527
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.19
Price to Sales (P/S)0.00
P/FCF Ratio-5.14
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
Helix Resources Limited Business Overview & Revenue Model
Company Description
Operating from its headquarters in Subiaco, Australia, Helix Resources Limited is an Australian-based company dedicated to mineral exploration. Since its founding in 1985, the firm has focused its activities on uncovering deposits of copper, gold,...
How the Company Makes Money
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Helix Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
27
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 62.32K | 139.03K | 292.95K | 70.77K |
| Gross Profit | -1.15K | -1.91K | 139.03K | 292.95K | -46.52K |
| EBITDA | -904.73K | -1.55M | 5.54M | -7.86M | -1.83M |
| Net Income | -888.71K | -1.58M | -1.18M | -7.91M | -2.16M |
Balance Sheet | |||||
| Total Assets | 23.80M | 20.55M | 21.88M | 20.76M | 28.49M |
| Cash, Cash Equivalents and Short-Term Investments | 83.68K | 243.65K | 2.74M | 5.87M | 11.96M |
| Total Debt | 115.16K | 218.87K | 336.94K | 458.23K | 549.00K |
| Total Liabilities | 1.22M | 439.36K | 609.41K | 934.61K | 932.58K |
| Stockholders Equity | 22.58M | 20.11M | 21.27M | 19.83M | 27.56M |
Cash Flow | |||||
| Free Cash Flow | -853.12K | -3.01M | -5.61M | -7.57M | -5.51M |
| Operating Cash Flow | -853.12K | -1.35M | -1.06M | -1.07M | -1.48M |
| Investing Cash Flow | -2.75M | -1.65M | -4.57M | -5.01M | -3.59M |
| Financing Cash Flow | 3.44M | 495.85K | 2.50M | -10.06K | 11.64M |
Helix Resources 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% | |
54 Neutral | AU$8.47M | -7.21 | -4.05% | ― | ― | 56.43% | |
51 Neutral | AU$4.88M | 0.31 | 44.41% | ― | ― | ― | |
44 Neutral | AU$4.66M | -0.45 | -66.36% | ― | ― | -42.31% | |
44 Neutral | AU$5.55M | -1.89 | -12.31% | ― | -100.00% | -3800.00% | |
43 Neutral | AU$8.61M | -3.24 | -910.57% | ― | ― | -17.24% | |
36 Underperform | AU$2.97M | -0.54 | -119.59% | ― | ― | 49.67% |
* Basic Materials Sector Average
AU:HLX
Helix Resources Limited
0.04
>-0.01
-12.00%
AU:ABR
Bryah Resources Ltd.
―
―
―
AU:ATT
Copper Search Ltd.
0.01
-0.03
-75.00%
AU:M2M
Mt Malcolm Mines NL
0.01
-0.01
-50.00%
AU:GES
Genesis Resources Limited
0.01
<0.01
10.00%
AU:NPM
NewPeak Metals Ltd.
0.01
>-0.01
-37.50%
Helix Resources Limited Corporate Events
Helix Resources Trading Reinstated on ASX After Annual Report Lodgement
Oct 1, 2026
Helix Resources Limited has had the suspension of trading in its securities on the ASX lifted following the lodgement of its Annual Financial Report for the year ended 30 June 2026. The reinstatement to quotation allows normal trading in HLX share...
Helix Resources Suspended from ASX Quotation Over Late Report
Oct 1, 2026
Helix Resources Limited has had its securities suspended from quotation by the ASX, after failing to lodge a required periodic report by the due date of 30 September 2026. The suspension, applied under Listing Rule 17.5, will remain in place until...
Helix Resources Releases 2026 Annual Report
Sep 30, 2026
Helix Resources Limited has released its Annual Report for the year ended 30 June 2026, providing a comprehensive overview of its financial performance, position and cash flows for the period. The report also includes governance and shareholder in...
Helix Resources Files Updated ASX Corporate Governance Disclosures
Sep 30, 2026
Helix Resources Limited has lodged its corporate governance statement and Appendix 4G with the ASX for the financial year ended 30 June 2026, confirming compliance with ASX Listing Rule disclosure obligations. The statement, current as of 30 Septe...
Helix Resources Moves to Digital Notices for October General Meeting
Sep 21, 2026
Helix Resources Limited has called a General Meeting of shareholders to be held in person in Perth at 11:00 a.m. on 21 October 2026, with meeting materials, including the notice and explanatory statement, provided electronically via the company...
Helix Resources plans placement of new ordinary shares
Sep 14, 2026
Helix Resources Limited has notified the ASX of a proposed issue of up to 5,714,286 fully paid ordinary shares, to be conducted as a placement or similar capital raising. The new securities are expected to be issued on 22 October 2026, with the co...
Helix Resources Secures Full Ownership of Nullagine Gold Tenement Package
Sep 14, 2026
Helix Resources Limited has signed a binding agreement to acquire a 100% interest in a package of 30 exploration and prospecting tenements in the Mosquito Creek Basin from CuFe Ltd, consolidating its presence in the Nullagine gold district of East...
Helix Resources Shares Halted on ASX Ahead of Significant Acquisition Announcement
Sep 13, 2026
Helix Resources Limited has requested a trading halt in its securities on the ASX as it finalises documentation for a significant acquisition. Trading in HLX shares will be paused until the earlier of the release of the acquisition announcement or...
Helix Resources Appoints New Director without Equity Interests
Sep 10, 2026
Helix Resources Limited has announced the appointment of John Keogh as a director effective 10 September 2026, filing an Initial Director’s Interest Notice with the ASX. Keogh begins his tenure with no relevant interests in Helix securities ...
Helix Resources Adds Risk Specialist John Keogh to Board
Sep 10, 2026
Helix Resources Limited has appointed John Keogh as a non-executive director, effective immediately, bolstering its board with additional expertise in risk management and advisory services for junior miners. The move underscores the company’...
Helix Resources Expands West Pilbara Gold–Lithium Footprint and Restructures Capital
Jul 31, 2026
Helix Resources acquired a 50% interest in the Weerianna Gold–Lithium Project in the West Pilbara, with an option to purchase the remaining stake at fair market value. The project lies near Karratha and Roebourne, benefits from established t...
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.