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CI Resources Limited (AU:PRG)
ASX:PRG
Australian Market
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CI Resources Limited (PRG) AI Stock Analysis

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AU:PRG

CI Resources Limited

(Sydney:PRG)

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Neutral 59 (OpenAI - Gpt-5.6Sol)
Rating:59Neutral
Price Target:
AU$1.50
â–²(18.11% Upside)
Action:Reiterated
Date:08/30/26
The score is driven down primarily by weak cash flow quality (persistently negative free cash flow) and sharply compressed margins despite strong revenue growth. Offsetting these risks are a still-manageable balance sheet, favorable valuation (low P/E with a moderate dividend yield), and generally positive technical momentum, though momentum indicators are nearing overbought levels.
Positive Factors
Strong Revenue Growth
Accelerating revenue indicates stronger sales activity and product demand, expanding the operating base. Sustaining this growth would improve scale and provide a foundation for better earnings leverage if margins recover.
Negative Factors
Severe Margin Compression
Very thin margins leave earnings highly sensitive to phosphate prices, operating costs and shipping expenses. Limited profit per dollar of revenue reduces resilience and makes sustained earnings growth difficult without cost improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Accelerating revenue indicates stronger sales activity and product demand, expanding the operating base. Sustaining this growth would improve scale and provide a foundation for better earnings leverage if margins recover.
Read all positive factors

CI Resources Limited (PRG) vs. iShares MSCI Australia ETF (EWA)

CI Resources Limited Business Overview & Revenue Model

Company Description
Headquartered in Burswood, Australia, PRL Global Ltd., which commenced operations in 1987, focuses on the extraction, refinement, and global distribution of phosphate rock, phosphate dust, and chalk. The company's reach extends across Africa, Asia...
How the Company Makes Money
CI Resources Limited primarily makes money by selling phosphate rock it produces from mining operations on Christmas Island. Revenue is generated through contracts or spot sales of phosphate rock to customers (typically for use in fertiliser and i...

CI Resources Limited Financial Statement Overview

Summary
Revenue growth accelerated strongly in 2026 (+17.5%), and the balance sheet remains broadly manageable (debt-to-equity ~0.57 with rising equity). However, profitability has compressed materially (gross margin ~3.9%, net margin ~0.6%), and cash generation is the major weakness with persistently negative free cash flow and volatile operating cash flow history.
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
38
Negative
BreakdownJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue2.26B1.48B1.27B1.15B537.74M
Gross Profit87.46M59.07M55.12M89.81M31.07M
EBITDA65.49M37.56M32.13M61.35M21.59M
Net Income13.74M10.89M21.88M25.27M8.50M
Balance Sheet
Total Assets538.78M505.18M483.54M468.99M401.06M
Cash, Cash Equivalents and Short-Term Investments73.37M66.63M53.21M71.80M43.03M
Total Debt134.94M114.97M117.41M112.72M60.61M
Total Liabilities265.16M256.05M246.54M234.69M197.78M
Stockholders Equity237.47M228.76M225.57M219.31M200.87M
Cash Flow
Free Cash Flow-2.35M-4.72M-3.48M-13.79M-77.37M
Operating Cash Flow42.58M0.000.000.000.00
Investing Cash Flow-45.49M7.11M2.29M-30.39M18.74M
Financing Cash Flow11.90M-10.65M-34.72M46.92M39.68M

CI Resources Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
AU$262.14M118.781.60%10.12%-6.28%-84.39%
70
Outperform
AU$85.03M7.938.22%1.18%2.44%-49.05%
67
Neutral
AU$109.04M18.564.45%8.62%-12.68%-76.78%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
59
Neutral
AU$157.27M11.986.91%1.46%52.80%29.79%
57
Neutral
AU$418.07M18.356.54%4.34%-2.10%-21.98%
50
Neutral
AU$126.01M-115.66-12.62%2.78%42.47%-144.81%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PRG
CI Resources Limited
1.42
-0.24
-14.35%
AU:ANG
Austin Engineering
0.18
-0.11
-38.14%
AU:FWD
Fleetwood Limited
2.92
0.12
4.32%
AU:BOL
Boom Logistics Ltd
2.22
0.89
66.54%
AU:SND
Saunders International Limited
0.96
0.16
20.00%
AU:KSC
K & S Corporation Limited
3.06
-0.30
-9.08%

CI Resources Limited Corporate Events

PRL Global Declares AUD 0.03 Semi-Annual Dividend
Aug 27, 2026
PRL Global Ltd has declared a semi-annual dividend of AUD 0.03 per ordinary fully paid share for the six-month period ended 30 June 2026, reinforcing its commitment to shareholder returns. The dividend will trade ex on 24 September, with a record ...
PRL Global lodges updated ASX governance statement and Appendix 4G
Aug 27, 2026
PRL Global Limited has lodged its latest corporate governance statement and accompanying Appendix 4G with the ASX for the year ended 30 June 2026, confirming full adherence to key ASX Corporate Governance Council recommendations. The company detai...
PRL Global Sets Sustainability and Values at Core of 2026 Strategy
Aug 27, 2026
PRL Global Ltd, traded on the ASX as PRG, presents itself as a values-led business dedicated to customer excellence and sustainable outcomes. The company frames its market approach around agility, collaboration and integrity, underpinning a strate...
PRL Global boosts revenue and profit while lifting final dividend
Aug 27, 2026
PRL Global Ltd reported a 52.5% surge in revenue from ordinary activities to $2.26 billion for the year ended 30 June 2026, with net profit after tax attributable to members rising 26.1% to $13.7 million. Total comprehensive income, however, decli...
PRL Global Shifts Ardmore Phosphate Mine to Long-Term Bulk Logistics Model
Jul 24, 2026
PRL Global Limited has executed a suite of long-term logistics agreements to transition its Ardmore Phosphate Mine from a container-based to a bulk logistics model. The contracts cover road and rail haulage, storage, and ship loading from the mine...
PRL Global ramps up Ardmore operations and shifts to bulk logistics
Jun 30, 2026
PRL Global Limited has reported that operations at its recently acquired Ardmore Phosphate Mine are progressing in line with its acquisition plan, with capital deployment across mining, processing and infrastructure largely completed. The company ...
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: Aug 30, 2026