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XRF Scientific Limited (AU:XRF)
ASX:XRF
Australian Market
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XRF Scientific Limited (XRF) AI Stock Analysis

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AU:XRF

XRF Scientific Limited

(Sydney:XRF)

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Outperform 79 (OpenAI - Gpt-5.6Sol)
Rating:79Outperform
Price Target:
AU$2.00
â–˛(8.70% Upside)
Action:Upgraded
Date:08/19/26
The score is primarily driven by strong financial performance—robust margins, consistent earnings growth, and very low leverage. Technicals are supportive with price above major moving averages and positive MACD, though near-overbought RSI/Stoch readings add some caution. Valuation is the main offset, with a ~24.5 P/E and only a moderate ~2.39% dividend yield.
Positive Factors
Strong profitability
XRF’s high gross and operating margins indicate valuable products and services within laboratory workflows. Sustained profitability provides internal funding for product development, service capabilities and growth while offering resilience if demand moderates.
Negative Factors
Moderating revenue growth
Although revenue has more than doubled since 2021, recent growth has slowed materially from earlier expansion. A prolonged moderation could constrain operating leverage and make future earnings growth more dependent on market share gains or new product adoption.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
XRF’s high gross and operating margins indicate valuable products and services within laboratory workflows. Sustained profitability provides internal funding for product development, service capabilities and growth while offering resilience if demand moderates.
Read all positive factors

XRF Scientific Limited (XRF) vs. iShares MSCI Australia ETF (EWA)

XRF Scientific Limited Business Overview & Revenue Model

Company Description
XRF Scientific Limited is a supplier to the scientific, analytical, construction materials, and mining sectors across Australia, Canada, and Europe. The company produces and sells precious metal items, specialized chemical compounds, and various i...
How the Company Makes Money
XRF makes money mainly by selling products and services used in laboratory sample preparation and analytical testing workflows. Key revenue streams include: (1) product sales of laboratory equipment and systems (e.g., sample preparation machinery ...

XRF Scientific Limited Financial Statement Overview

Summary
Strong multi-year revenue and earnings growth with healthy profitability (2026 gross margin ~46.9%, EBIT margin ~26.5%, net margin ~16.4%). Balance sheet is conservatively financed with very low leverage (2026 debt-to-equity ~0.04) and solid ROE (~15.8%). Main constraint is some recent moderation in growth and margin variability, plus a modest dip in free cash flow in 2026 and historical cash conversion variability.
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
78
Positive
BreakdownJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue64.13M59.45M59.84M55.17M40.01M
Gross Profit30.10M28.79M26.27M22.00M16.46M
EBITDA18.72M15.63M15.32M13.22M9.44M
Net Income10.49M10.38M8.89M7.69M6.08M
Balance Sheet
Total Assets78.65M72.79M68.23M65.55M55.56M
Cash, Cash Equivalents and Short-Term Investments9.46M12.23M12.05M10.40M6.65M
Total Debt2.34M4.41M3.38M4.31M3.51M
Total Liabilities12.26M12.62M12.69M15.97M12.21M
Stockholders Equity66.40M60.17M54.89M49.25M43.48M
Cash Flow
Free Cash Flow9.69M8.39M6.45M7.63M2.63M
Operating Cash Flow11.39M10.14M8.09M8.42M3.15M
Investing Cash Flow-8.17M-2.21M-1.64M-782.43K-1.11M
Financing Cash Flow-5.99M-7.75M-4.80M-3.88M-648.95K

XRF Scientific Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price1.84
Price Trends
50DMA
1.77
Positive
100DMA
1.80
Positive
200DMA
1.86
Negative
Market Momentum
MACD
0.02
Positive
RSI
51.28
Neutral
STOCH
4.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:XRF, the sentiment is Neutral. The current price of 1.84 is above the 20-day moving average (MA) of 1.83, above the 50-day MA of 1.77, and below the 200-day MA of 1.86, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 51.28 is Neutral, neither overbought nor oversold. The STOCH value of 4.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:XRF.

XRF Scientific 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
79
Outperform
AU$260.10M24.6916.42%2.63%8.35%-0.81%
65
Neutral
AU$1.83B23.2111.89%0.75%20.56%43.97%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:XRF
XRF Scientific Limited
1.82
-0.38
-17.12%
AU:IMD
Imdex Ltd
3.51
0.51
17.08%

XRF Scientific Limited Corporate Events

XRF Scientific Files Updated Corporate Governance Statement and Appendix 4G
Aug 17, 2026
XRF Scientific Limited has lodged its annual corporate governance disclosures with the ASX, confirming that its corporate governance statement for the year ended 30 June 2026 is available on its website and is current as of 17 August 2026. The fil...
XRF Scientific Declares Full-Year Dividend of 4.5 Cents per Share
Aug 17, 2026
XRF Scientific Limited has declared an ordinary dividend of AUD 0.045 per share, relating to the 12-month period ending 30 June 2026, for its fully paid ordinary shares. The stock will trade ex-dividend on 10 September 2026, with a record date of ...
XRF Scientific posts record year as global growth and new products drive earnings
Aug 17, 2026
XRF Scientific has reported a record full-year result to June 2026, with revenue rising 8% to $64.4 million and adjusted profit before tax up 10% to $16.1 million, driven by strong demand from mining and industrial customers and growing internatio...
XRF Scientific Releases 2026 Annual Financial Report
Aug 17, 2026
XRF Scientific Limited has released its annual financial report for the year ended 30 June 2026, outlining its audited results and key corporate disclosures. The document includes the chairman’s letter, directors’ report, consolidated ...
XRF Scientific Posts Steady Profit and Maintains Dividend for FY2026
Aug 17, 2026
XRF Scientific Limited reported an 8% rise in revenue to $64.4 million for the year ended 30 June 2026, with net profit attributable to members edging up 1% to $10.49 million. The modest earnings growth, combined with slightly lower net tangible a...
XRF Scientific Director Restructures Shareholdings via Off‑Market Transfer
Jun 23, 2026
XRF Scientific has reported a change in the shareholdings of director David Brown, reflecting an off‑market transfer between his direct holding and his interest via the Pandora Super (WA) Pty Ltd, as trustee for the Pandora Super Fund. Follo...
XRF Scientific Showcases Broad Role in Sample Preparation and Analysis Technology
Jun 8, 2026
XRF Scientific Limited highlights its role as a provider of specialised sample preparation and chemical analysis technology used across a broad range of mineral commodities and industrial materials. The company’s solutions support key analyt...
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 19, 2026