VHM
VHM Ltd is an Australian rare earth and mineral sands mine development company focused on the Goschen Project in Victoria. The company aims to become a globally significant source of rare earths and mineral sands, supplying essential materials for a decarbonized world.
Short position
VHM (ASX:VHM) has 0.00% of its shares on issue reported as short positions as of 5 Oct 2026, or about 1,777 shares. Over the past 30 days that figure has been broadly flat, and over 90 days it has been broadly flat. Its highest recorded short interest was 0.40% in November 2025. VHM 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+4VHM (VHM) financials
Results, ratios and statements
Latest result
Year to 30 Jun 2026 (FY26) vs FY25, figures in AUD, the reporting currency
- Revenue
- $0M (source: ASX (Markit))vs $0M (source: ASX (Markit)) (FY25)
- ASX (Markit), as at 29 Sep 2026
- NPAT
- −$5.8Mvs −$6.4M (FY25)
- Yahoo Finance, as at 29 Sep 2026
- EPS (diluted)
- −$0.021T (source: Derived: trailing 12 months at year end)vs −$0.029 (FY25)
- Derived: trailing 12 months at year end, as at 29 Sep 2026
- Rev YoY
- n/aFY
- EPS YoY
- n/aTTM
- ASX (Markit)
- Derived: trailing 12 months at year end
Summary of Annual Report to Shareholders, 9 Sep 2026
VHM Limited's 2026 annual report does not disclose revenue or net profit figures, as the company is a pre-revenue mineral sands and rare earths developer. No dividend was declared. The key highlight is the strategic partnership with Iluka Resources, including a binding rare earth offtake agreement and a A$40 million funding package, which materially de-risks the Goschen Project's path to a Final Investment Decision.
Automated summary of the filing; the filing itself is the record.
Key ratios
Year to 30 Jun 2026 (FY); balance sheet at 30 Jun 2026; prices to 9 Oct 2026
- Gross margin
- n/a
- Operating margin
- n/a
- Net margin
- n/a
- FCF margin
- n/a
- ROE
- −8.3%
- ROA
- −7.3%
- FCF conversion
- n/a
- Net cash (excl. leases)
- $13.0M
- Net debt / EBITDA
- n/a
- Current ratio
- 2.4×
- Interest cover
- −9.7×
- Cash dividends paid / net profit
- n/a
- Market cap
- $73.2M
- P/E
- n/a
- P/B
- 1.0×
Ratios use the reporting currency (AUD); market cap is in AUD. Sources: Yahoo Finance and ASX (Markit), as at 29 Sep 2026.
Financial statements
Figures in AUD, the reporting currency; Yahoo Finance unless marked
| Line item | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue | $0M (source: ASX (Markit)) | $0M (source: ASX (Markit)) | $0M (source: ASX (Markit)) | $337.0KM (source: ASX (Markit)) |
| Operating income | −$5.5M | −$5.6M | −$6.8M | −$13.8M |
| EBITDA | −$4.8M | −$5.0M | −$5.8M | −$13.2M |
| EBIT | −$5.2M | −$5.5M | −$6.2M | −$13.5M |
| Interest expense | $568.0K | $971.0K | $929.0K | $4.4M |
| Pretax income | −$5.8M | −$6.4M | −$7.1M | −$17.9M |
| Tax | $0 | $0 | $0 | $0 |
| NPAT | −$5.8M | −$6.4M | −$7.1M | −$17.9M |
| Net interest income | −$289.0K | −$833.0K | −$352.0K | −$4.2M |
| EPS basic | −$0.021T (source: Derived: trailing 12 months at year end) | −$0.029 | −$0.035 | −$0.10 |
| EPS diluted | −$0.021T (source: Derived: trailing 12 months at year end) | −$0.029 | −$0.035 | −$0.10 |
| Shares | 311.6M | 253.6M | 203.6M | 203.1M |
- ASX (Markit)
- Derived: trailing 12 months at year end
Financial reports
The company's own filings, newest first
- Annual Report to ShareholdersAnnual Report9 Sep 2026via asx_announcements
- Half Year Report and AccountsHalf Year Results4 Mar 2026via asx_announcements
- Download PDFFinancial Report31 Dec 2025via crawler
- Annual ReportAnnual Report24 Sep 2025via asx_announcements
- Half Year AccountsHalf Year Results7 Mar 2025via asx_announcements
- Annual Report to shareholdersAnnual Report10 Sep 2024via asx_announcements
- Half Year AccountsHalf Year Results27 Feb 2024via asx_announcements