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MRT.AX — ASX Gold

Maritana Minerals Ltd

A$0,81
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Mcap
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P/E
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EV / Rev
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Div yield
—
Op margin
-60,3 %
ROE
-28,4 %
Net margin
-64,7 %
Debt / equity
0,07
Beta
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52w range
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Volume
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Day range
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Prev close
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Open
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Next earnings
2026-10-28
Ex-dividend
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TR 1Y
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About

Maritana Minerals Ltd has a current liquidity position characterized by a current ratio of 1.15, indicating that its current assets slightly exceed its current liabilities. However, the company's free cash flow is negative at -23.4 million AUD, and operating cash flow is also negative at -15.2 million AUD, suggesting ongoing cash outflows from operations. The company's capital structure includes a low debt-to-equity ratio of 0.07, indicating a relatively conservative leverage position. Profitability metrics for Maritana Minerals Ltd are negative, with a return on equity of -28.36% and a return on assets of -12.23%, both significantly below the industry median for gold mining companies. The company reported a net loss of 23.8 million AUD, with operating income also in the red at -22.2 million AUD. These figures suggest that the company is currently unprofitable and underperforming relative to its peers. The company's revenue is concentrated in a single business segment, as disclosed in its latest financial report, with no geographic diversification provided in the available data. This lack of diversification increases exposure to regional economic and regulatory risks. No specific

Business. Maritana Minerals Ltd (MRT.AX) is a gold mining company operating within the Basic Materials sector. The firm is headquartered in Australia and is primarily listed on the Australian Securities Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.

Classification92 %
SectorBasic Materials
Business sectorMineral Resources
IndustryGold
ActivityMining
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
  • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts
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not yet wired
Ownership→
Wells Fargo Advisors
largest disclosed fund holder
Profitability→
-28,4 %
return on equity
Quality
—
not yet scored

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.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning MRT.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials · THIS SECTOR+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to MRT.AX. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • 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

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Maritana Minerals Ltd (MRT.AX) is a gold mining company operating within the Basic Materials sector. The firm is headquartered in Australia and is primarily listed on the Australian Securities Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.

    Classification92 %
    SectorBasic Materials
    Business sectorMineral Resources
    IndustryGold
    ActivityMining
    AI synthesis
    GENERATED

    Maritana Minerals Ltd has a current liquidity position characterized by a current ratio of 1.15, indicating that its current assets slightly exceed its current liabilities. However, the company's free cash flow is negative at -23.4 million AUD, and operating cash flow is also negative at -15.2 million AUD, suggesting ongoing cash outflows from operations. The company's capital structure includes a low debt-to-equity ratio of 0.07, indicating a relatively conservative leverage position.

    Profitability metrics for Maritana Minerals Ltd are negative, with a return on equity of -28.36% and a return on assets of -12.23%, both significantly below the industry median for gold mining companies. The company reported a net loss of 23.8 million AUD, with operating income also in the red at -22.2 million AUD. These figures suggest that the company is currently unprofitable and underperforming relative to its peers.

    The company's revenue is concentrated in a single business segment, as disclosed in its latest financial report, with no geographic diversification provided in the available data. This lack of diversification increases exposure to regional economic and regulatory risks. No specific geographic breakdown is available in the current dataset, but the absence of international revenue reporting is notable.

    Looking ahead, the company's growth trajectory is uncertain. The latest financial data does not provide forward-looking revenue guidance, and historical revenue trends are not available in the current dataset. The company's operating losses and negative cash flows suggest a challenging near-term outlook, with no clear path to profitability in the immediate future.

    Risk factors for Maritana Minerals Ltd include medium liquidity risk, as the company has negative net cash after subtracting total debt. The dilution risk is currently low, with no significant dilution events reported in the latest filings. However, the company's negative operating cash flow and free cash flow raise concerns about its ability to fund operations and capital expenditures without external financing.

    Recent events for Maritana Minerals Ltd include the publication of its latest financial results, which show continued losses and negative cash flows. No recent filings or transcripts are available in the current dataset to provide additional context on the company's strategic direction or operational performance.

    Key takeaways
    • Maritana Minerals Ltd is currently unprofitable, with a return on equity of -28.36% and a return on assets of -12.23%.
    • The company has a current ratio of 1.15, indicating a marginally sufficient liquidity position.
    • Free cash flow and operating cash flow are both negative, signaling ongoing cash outflows.
    • The company's capital structure is relatively conservative, with a debt-to-equity ratio of 0.07.
    • Revenue is concentrated in a single business segment, with no geographic diversification disclosed.
    • The company's near-term growth trajectory is uncertain, with no clear path to profitability.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    A$0,81
    Market cap
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    Enterprise valueⓘ
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    P/Eⓘ
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    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
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    EV / Op incomeⓘ
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    EV / OCFⓘ
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    P / Bⓘ
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    P / Tangible bookⓘ
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    Tangible book
    A$84.1M
    Net cashⓘ
    -A$5.9M
    Current ratioⓘ
    1.1
    Debt / equityⓘ
    0.1
    ROAⓘ
    -12.2%
    ROEⓘ
    -28.4%
    Cash conversionⓘ
    64.0%
    CapEx / revenueⓘ
    -28.5%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin-60,3 %Above median
    Net Margin-64,7 %Above median
    ROE-28,4 %Below median
    Capex / Rev-28,5 %Above median
    D/E0,07Bottom quartile
    Cash Conv0,64Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Maritana Minerals Ltd Market data — financials · 2026-05-28

    Ownership & reference

    Top holders

    • Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,00 %$2M
    • State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$0M
    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$0M

    Insider activity

    Mixed / flat0 buys · 0 sellsnet $05 insiders · last 365d
    • Freifeld DanielDirector · Class A Ordinary Shares, par value $0.0001 per shareOther 20 261 · 2026-06-30
    • Spiro AlexDirector · Class A Ordinary Shares, par value $0.0001 per shareOther 2 666 · 2026-06-30
    • Lute DouglasDirector · Class A Ordinary Shares, par value $0.0001 per shareOther 3 732 · 2026-06-30
    • Healey Kerry MurphyDirector · Class A Ordinary Shares, par value $0.0001 per shareOther 3 732 · 2026-06-30
    • Ugur AgahDirector · Class A Ordinary Shares, par value $0.0001 per shareOther 3 199 · 2026-06-30
    • Freifeld DanielDirector · Class A Ordinary Shares, par value $0.0001 per shareOther 20 261 · 2026-03-31
    • Healey Kerry MurphyDirector · Class A Ordinary Shares, par value $0.0001 per shareOther 3 732 · 2026-03-31
    • Lute DouglasDirector · Class A Ordinary Shares, par value $0.0001 per shareOther 3 732 · 2026-03-31
    • Spiro AlexDirector · Class A Ordinary Shares, par value $0.0001 per shareOther 2 666 · 2026-03-31
    • Ugur AgahDirector · Class A Ordinary Shares, par value $0.0001 per shareOther 3 199 · 2026-03-31

    Short positioning

    88.4Kshares short-26.9% vs prior
    1days to cover
    43.1%short of daily vol
    2.0Kfails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    MRT.AXCanonical
    ASX · AUD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    • Revenue (YoY) (2025-12-31 vs 2024-12-31): 110.3%Derived (calculated)
    • Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -9.2%Derived (calculated)
    • Total assets (YoY) (2025-12-31 vs 2024-12-31): 46.2%Derived (calculated)
    • Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 18.4%Derived (calculated)
    • Net margin (FY 2025-12-31): -105.6%Derived (calculated)
    • Return on equity (FY 2025-12-31): 61.8%Derived (calculated)
    • Return on assets (FY 2025-12-31): -139.1%Derived (calculated)
    • Current ratio (FY 2025-12-31): 0.97xDerived (calculated)
    • Debt-to-equity (FY 2025-12-31): -1.44xDerived (calculated)
    • Capex (YoY) (2025-12-31 vs 2024-12-31): 46.0%Derived (calculated)
    • Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 51.6%Derived (calculated)
    • Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -29.2%Derived (calculated)
    • EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 57.6%Derived (calculated)
    • EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 57.6%Derived (calculated)
    • Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 14.9%Derived (calculated)
    • Net income (YoY) (2025-12-31 vs 2024-12-31): 43.9%Derived (calculated)
    • Operating income (YoY) (2025-12-31 vs 2024-12-31): 56.3%Derived (calculated)
    • Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 41.1%Derived (calculated)
    • R&D expense (YoY) (2025-12-31 vs 2024-12-31): 53.2%Derived (calculated)
    • Revenue (annual): USD 39.24MSEC XBRL filing
    • Operating income (annual): USD -28.53MSEC XBRL filing
    • Total operating expenses (annual): USD 59.27MSEC XBRL filing
    • Net income (annual): USD -41.45MSEC XBRL filing
    • EPS (basic) (annual): USD-PER-SHARES -1SEC XBRL filing
    Showing 24 of 58 surfaced claims.
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
    2026-06-30INSIDERFreifeld Daniel transacted 20.3k sh Class A Ordinary Shares, par value $0.0001 per share — Director
    2026-06-30INSIDERSpiro Alex transacted 2.7k sh Class A Ordinary Shares, par value $0.0001 per share — Director
    2026-06-30INSIDERLute Douglas transacted 3.7k sh Class A Ordinary Shares, par value $0.0001 per share — Director
    2026-06-30INSIDERHealey Kerry Murphy transacted 3.7k sh Class A Ordinary Shares, par value $0.0001 per share — Director
    2026-06-30INSIDERUgur Agah transacted 3.2k sh Class A Ordinary Shares, par value $0.0001 per share — Director
    2026-05-22 14:25 UTCFILINGRegulatory filing →
    2026-04-13FILINGANNUAL REPORT →
    2026-03-31 00:00 UTCINSIDER5 insider transactions — 2026-03
    2026-03-31INSIDERFreifeld Daniel transacted 20.3k sh Class A Ordinary Shares, par value $0.0001 per share — Director
    2026-03-31INSIDERHealey Kerry Murphy transacted 3.7k sh Class A Ordinary Shares, par value $0.0001 per share — Director
    2026-03-31INSIDERLute Douglas transacted 3.7k sh Class A Ordinary Shares, par value $0.0001 per share — Director
    2026-03-31INSIDERSpiro Alex transacted 2.7k sh Class A Ordinary Shares, par value $0.0001 per share — Director
    2026-03-31INSIDERUgur Agah transacted 3.2k sh Class A Ordinary Shares, par value $0.0001 per share — Director
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage