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ASM

Australian Strategic Materials

Materials

Australian Strategic Materials (ASM) is a vertically integrated producer of critical metals, focusing on the extraction, refining, and manufacturing of high-purity metals and alloys. The company supplies directly to global manufacturers in sectors such as clean energy, electric vehicles, and aerospace. ASM's business model is centered around its Dubbo Project in Australia and its metals plant in South Korea, positioning it as a key player in the supply of critical materials outside China.

Short position

short percentage0.00%
reported shorts1.7K
shares on issue279.482M

Australian Strategic Materials (ASX:ASM) has 0.00% of its shares on issue reported as short positions as of 9 Sept 2026, or about 1,674 shares. Over the past 30 days that figure has fallen 1.24 percentage points, and over 90 days it has fallen 1.83 percentage points. Its highest recorded short interest was 7.09% in November 2022. ASM is classified in the Materials industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.

Price & short interest

Toggle series, zoom, and compare · ASIC daily, T+4

Australian Strategic Materials (ASM) financials

Results, ratios and statements

Latest result

12 months to 31 Dec 2025 (TTM Dec 25) vs TTM Dec 24, figures in AUD, the reporting currency

Revenue
$6.9Mvs n/a (TTM Dec 24)
Yahoo Finance, as at 29 Sep 2026
NPAT
−$21.6Mvs n/a (TTM Dec 24)
Yahoo Finance, as at 29 Sep 2026
EPS (diluted)
−$0.11vs −$0.18 (TTM Dec 24)
Yahoo Finance, as at 29 Sep 2026
Rev YoY
+2.0%FY
EPS YoY
n/aTTM

Key ratios

12 months to 31 Dec 2025 (TTM); balance sheet at 30 Jun 2025, 6 months before; prices to 3 Sep 2026

Gross margin
−71.3%
Operating margin
−340.1%
Net margin
−311.1%
FCF margin
−352.5%
ROE
−11.2%
ROA
−8.9%
FCF conversion
n/a
Net cash (excl. leases)
$5.4M
Net debt / EBITDA
n/a
Current ratio
1.5×
Interest cover
−26.1×
Cash dividends paid / net profit
n/a
Market cap
n/a (no share count we can vouch for)
P/E
n/a
P/B
n/a (no share count we can vouch for)

Ratios use the reporting currency (AUD); market cap is in AUD. Source: Yahoo Finance, as at 29 Sep 2026.

Financial statements

Figures in AUD, the reporting currency; Yahoo Finance unless marked

ASM income, newest period first, figures in AUD
Line itemTTM Dec 25FY25FY24FY23FY22
Revenue$6.9M$3.2M$3.1M$4.4M$1.9M
Gross profit−$4.9M−$4.3M−$6.1M−$8.3M$13.0K
Operating income−$23.6M−$23.6M−$26.8M−$30.1M−$27.1M
EBITDA−$18.4M−$22.3M−$22.5M−$26.0M−$25.3M
EBIT−$20.0M−$24.1M−$24.3M−$27.8M−$27.1M
Interest expense$904.0K$999.0K$852.0K$853.0Kn/a
Pretax income−$20.9M−$25.1M−$25.1M−$28.7M−$28.2M
Tax$673.0K−$567.0K$28.0K−$2.4M−$4.0M
NPAT−$21.6M−$24.6M−$25.1M−$26.3M−$24.3M
Net interest income−$919.0K−$1.0M−$879.0K−$884.0K$29.0K
EPS basic−$0.11−$0.14−$0.15−$0.080−$0.17
EPS diluted−$0.11−$0.14−$0.15−$0.080−$0.17
Sharesn/a181.3M181.1M166.7M142.0M