Man.Ax
MAN.AX operates in the specialty mining and metals industry, focusing on the extraction and processing of non-ferrous metals and minerals, primarily generating revenue through the sale of these commodities.
Business. MAN.AX operates in the specialty mining and metals industry, focusing on the extraction and processing of non-ferrous metals and minerals, primarily generating revenue through the sale of these commodities.
At a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- 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
- Congressional trades
- CongressLisa McClain — ManpowerGroup Common Stock2025-09-25 · Republican · MI · Sale · $1,001 - $15,000
- CongressLisa McClain — ManpowerGroup Common Stock2025-09-11 · Republican · MI · Purchase · $1,001 - $15,000
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
MAN.AX operates in the specialty mining and metals industry, focusing on the extraction and processing of non-ferrous metals and minerals, primarily generating revenue through the sale of these commodities.
MAN.AX exhibits a highly liquid capital structure, with a current ratio of 130.76, indicating a strong ability to meet short-term obligations. The company has no long-term debt, and its total liabilities are minimal at 102,230 AUD, while its total equity stands at 23,873,200 AUD. This suggests a conservative financial position with no immediate liquidity risk, despite the low liquidity risk score in the risk assessment.
Profitability is a significant concern for MAN.AX, as it reported a net loss of 623,710 AUD and an operating loss of the same amount in the latest period. The return on equity (ROE) is -2.61%, and the return on assets (ROA) is -2.6%, both well below the industry median for profitability metrics. These figures indicate that the company is not generating returns for its shareholders or effectively utilizing its assets to generate profit.
The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of diversification increases exposure to regional economic and regulatory risks, particularly in the mining and metals sector, which is sensitive to commodity price fluctuations and geopolitical events.
Looking ahead, the company's revenue is expected to remain under pressure, with no clear signs of improvement in the current fiscal year. The operating cash flow of 65,450 AUD is modest compared to the capital expenditures of -1,733,830 AUD, suggesting that the company is investing heavily in its operations. While this may indicate long-term growth potential, the negative operating income and net income suggest that these investments have not yet translated into profitability.
The risk assessment indicates low dilution and liquidity risks, with no immediate filing-based flags detected. However, the company's negative net income and operating income raise concerns about its ability to sustain operations without external financing. The absence of long-term debt and the high current ratio provide some cushion, but the company's financial health remains fragile.
Recent filings and transcripts do not indicate any major events or strategic shifts that would significantly impact the company's operations or financial position. The company appears to be maintaining a steady course, but without clear signs of improvement in profitability or revenue growth, the outlook remains cautious.
- MAN.AX has a highly liquid balance sheet with a current ratio of 130.76 and no long-term debt.
- The company reported a net loss of 623,710 AUD, with ROE and ROA at -2.61% and -2.6%, respectively.
- Revenue is concentrated in a single business segment, with no geographic diversification disclosed.
- Capital expenditures of -1,733,830 AUD suggest ongoing investment, but operating cash flow is modest at 65,450 AUD.
- The company has low liquidity and dilution risks, but its financial health remains fragile due to negative profitability.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
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
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- EVP, CFO · Restricted Stock Units → Common StockDisposed 15 250exercise · 2026-02-17
- Chief People & Legal Officer · Restricted Stock Units → Common StockDisposed 6 354exercise · 2026-02-17
- VP, Global Controller · Restricted Stock Units → Common StockDisposed 565exercise · 2026-02-17
- Director, CEO · Restricted Stock Units → Common StockDisposed 52 865exercise · 2026-02-17
- President & Chief Strategy Off · Restricted Stock Units → Common StockDisposed 4 535exercise · 2026-02-17
- Director, CEO · Restricted Stock Units → Common StockAcquired 145 150grant · 2026-02-13
- President & Chief Strategy Off · Restricted Stock Units → Common StockAcquired 38 381grant · 2026-02-13
- EVP, CFO · Restricted Stock Units → Common StockAcquired 41 870grant · 2026-02-13
- Chief People & Legal Officer · Restricted Stock Units → Common StockAcquired 22 331grant · 2026-02-13
- VP, Global Controller · Restricted Stock Units → Common StockAcquired 4 360grant · 2026-02-13
- Director · Deferred Stock Units → Common StockAcquired 38grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 57grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 52grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 70grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 108grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 82grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 79grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 54grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 64grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 77grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 86grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 4 339grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 6 054grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 55grant · 2026-01-01
- Director · Deferred Stock Units → Common StockAcquired 79grant · 2026-01-01
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Capex To Revenuecapital_expenditure / revenue
- 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
- MAN.AX Market data — financials · 2026-05-28
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,05 %$110M
- Investment Managers · as of 2026-03-310,01 %$44M
- Investment Managers · as of 2024-06-300,01 %$362M
- Investment Managers · as of 2026-03-310,01 %$28M
- Funds · as of 2026-03-310,00 %$31M
- Investment Managers · as of 2026-03-310,00 %$24M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$16M
- Institutional Investor · as of 2022-09-300,00 %$0M
- Investment Managers · as of 2025-12-310,00 %$179M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$41M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2024-12-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$48M
- Investment Managers · as of 2026-03-310,00 %$23M
- Investment Managers · as of 2026-03-310,00 %$11M
- Institutional Investor · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$3M
- Institutional Investor · as of 2026-03-310,00 %$4M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Brokerage Firms · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- Director, CEO · Common StockOther 16 729 @ $29,48$493K · 2026-02-19
- President & Chief Strategy Off · Common StockOther 758 @ $29,48$22K · 2026-02-19
- EVP, CFO · Common StockOther 4 943 @ $29,48$146K · 2026-02-19
- Director, CEO · Common StockOther 18 766 · 2026-02-19
- Director, CEO · Common StockOther 52 865 · 2026-02-17
- Director, CEO · Common StockOther 23 319 @ $28,66$668K · 2026-02-17
- Director, CEO · Common StockOther 29 546 · 2026-02-17
- VP, Global Controller · Common StockOther 565 · 2026-02-17
- VP, Global Controller · Common StockOther 198 @ $28,66$6K · 2026-02-17
- EVP, CFO · Common StockOther 15 250 · 2026-02-17
- EVP, CFO · Common StockOther 6 988 @ $28,66$200K · 2026-02-17
- President & Chief Strategy Off · Common StockOther 4 535 · 2026-02-17
- President & Chief Strategy Off · Common StockOther 1 441 @ $28,66$41K · 2026-02-17
- Chief People & Legal Officer · Common StockOther 6 354 · 2026-02-17
- Chief People & Legal Officer · Common StockOther 2 423 @ $28,66$69K · 2026-02-17
- President & Chief Strategy Off · Common StockOther 2 032 · 2026-02-13
- Director, CEO · Common StockOther 35 495 · 2026-02-13
- EVP, CFO · Common StockOther 10 248 · 2026-02-13
- Chief People & Legal Officer · Common StockOther 4 270 @ $31,01$132K · 2026-02-12
- Chief People & Legal Officer · Common StockOther 1 935 @ $31,01$60K · 2026-02-12
- Director · Common StockOther 2 357 · 2026-01-01
- Director · Common StockOther 2 357 · 2026-01-01
- Director · Common StockOther 177 @ $29,73$5K · 2026-01-01
- Director · Common StockOther 6 054 @ $29,73$180K · 2026-01-01
- Director · Common StockOther 1 120 · 2026-01-01
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Total assets (YoY) (2025-12-31 vs 2024-12-31): 11.7%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -3.1%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 0.6%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -50.9%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -133.7%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 76.3%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): -2.9%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -109.6%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 71.0%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 1.3%Derived (calculated)
- Gross margin (FY 2025-12-31): 16.7%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.11xDerived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -109.5%Derived (calculated)
- Total assets (annual): USD 9.16BSEC XBRL filing
- Current assets (annual): USD 5.79BSEC XBRL filing
- Current liabilities (annual): USD 5.23BSEC XBRL filing
- Gross profit (annual): USD 3BSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES -0SEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES -0SEC XBRL filing
- Operating income (annual): USD 150.1MSEC XBRL filing
- Cash & equivalents (annual): USD 871MSEC XBRL filing
- Long-term debt (annual): USD 1.64BSEC XBRL filing
- Cost of revenue (annual): USD 14.96BSEC XBRL filing
- Shareholders' equity (annual): USD 2.06BSEC XBRL filing