
Australian Strategic 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
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+4Australian 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
| Line item | TTM Dec 25 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| 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 | $853.0K | n/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 |
| Shares | n/a | 181.3M | 181.1M | 166.7M | 142.0M |
Financial reports
The company's own filings, newest first
- Half Yearly Report and AccountsHalf Year Results11 Mar 2026via asx_announcements
- Annual Report to shareholdersAnnual Report23 Sep 2025via asx_announcements
- Half Yearly Report and AccountsHalf Year Results12 Mar 2025via asx_announcements
- View Rowena’s PDAC presentationFinancial Report31 Dec 2024via crawler
- Annual Report to shareholdersAnnual Report30 Sep 2024via asx_announcements
- Half Yearly Report and AccountsHalf Year Results14 Mar 2024via asx_announcements