Add.Ax
Addison Mining (ADD.AX) operates in the Diversified Mining industry, extracting and processing a range of minerals and metals, primarily generating revenue through the sale of these commodities.
Business. Addison Mining (ADD.AX) operates in the Diversified Mining industry, extracting and processing a range of minerals and metals, primarily generating revenue through the sale of these commodities.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Addison Mining (ADD.AX) operates in the Diversified Mining industry, extracting and processing a range of minerals and metals, primarily generating revenue through the sale of these commodities.
The company's capital structure is highly leveraged, with total liabilities of AUD 325,040 million and total equity of -AUD 38,510 million, resulting in a negative equity position. Liquidity is constrained, as evidenced by a current ratio of 0.87, indicating that the company's current assets are insufficient to cover its current liabilities. Free cash flow is negative at -AUD 4,033.44 million, further highlighting the company's cash flow challenges.
Profitability is severely underperforming, with a net loss of AUD -4,054.27 million and an operating loss of AUD -4,038.74 million. Return on assets is negative at -14.15%, and return on equity is abnormally high at 105.28% due to the negative equity base. These metrics fall well below the industry median for profitability and returns, indicating significant operational inefficiencies and financial distress.
The company's revenue is not segmented by product or geographic region in the available data, but the negative equity and liquidity position suggest a high degree of financial concentration risk. The company's operations are likely concentrated in a few key markets or commodities, which could expose it to significant volatility.
Growth trajectory is negative, with a substantial decline in operating and net income. The company's revenue of AUD 43,800 million is not sufficient to cover its operating costs, and there is no indication of a near-term recovery in the outlook. Analyst estimates for the most recent period show a revenue of AUD 194,000 million and an EPS of -AUD 0.55, reinforcing the downward trend.
Risk factors include low liquidity and the absence of long-term debt, which may limit the company's ability to finance operations or investments. The risk assessment indicates low dilution risk, but the negative equity position and high leverage suggest a potential for future dilution if the company requires additional capital. No immediate filing-based liquidity or dilution flags were detected, but the financial position remains precarious.
Recent events, including the latest financial filings and transcripts, do not indicate any significant changes in the company's strategic direction or operational performance. The company continues to report losses and faces challenges in maintaining liquidity and profitability.
- The company is experiencing severe financial distress, with a negative equity position and significant operating and net losses.
- Liquidity is constrained, with a current ratio below 1 and negative free cash flow.
- Profitability metrics are well below industry medians, indicating operational inefficiencies.
- The company's growth trajectory is negative, with no indication of a near-term recovery.
- There is a high risk of financial concentration, with no detailed segment or geographic breakdown available.
- The risk assessment indicates low dilution risk, but the financial position remains precarious.
Bull / Bear case
analysis pipelineIn focus — financials by report
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Revenue by segment
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
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- Market data
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- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- ADD.AX Market data — financials · 2026-05-27
- Adavale Resources Ltd Market data — analyst estimates · 2026-05-27
Ownership & reference
Leadership
- Allan RitchieExecutive Chairman of the Board