Cash flow Brazilian Rare Earths Limited

Stocks

BRE

AU0000305815

Non-Gold Precious Metals & Minerals

Market Closed - Australian S.E. 02:10:10 2026-09-25 EDT			5-day change	1st Jan Change
3.940 ^AUD	-1.75%		-3.43%	-0.51%

09-21	Brazilian Rare Earths Limited(ASX:BRE) added to S&P/ASX Small Ordinaries Index	CI
09-20	Brazilian Rare Earths Limited(ASX:BRE) added to S&P/ASX 300 Index	CI

9a9aad40a819.639gZDYdrFJNYBe05Tr_z0HNy11lSlhaO170sP3Bwl0.gxkjKVBIzgF9JV_EtEqm_wWr-jAqPBMOUmy6xI6JkT6hDxBQB3PjHyFTIw

Published financial data: BRAZILIAN RARE EARTHS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (AUD)	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)
Other Revenues, Total	-	-	-	-	16.78K
Total Revenues	-	-	-	-	16.78K
Gross Profit	-	-	-	-	16.78K
Selling General & Admin Expenses, Total	85.26K	1.49M	2.16M	3.67M	5.14M
Exploration / Drilling Costs, Total	737K	4.38M	33.5M	41.92M	35.64M
Stock-Based Compensation (IS)	294K	1.76M	969K	3.13M	5.19M
Depreciation & Amortization - (IS)	5.33K	95.59K	324K	16.89K	6.88K
Other Operating Expenses, Total	1.12M	7.72M	36.95M	48.74M	45.98M
Operating Income	-1.12M	-7.72M	-36.95M	-48.74M	-45.97M
Interest Expense, Total	-	-155K	-2.04M	-	-314K
Interest And Investment Income	91	301	253K	2.68M	4.22M
Net Interest Expenses	91	-154K	-1.79M	2.68M	3.91M
Currency Exchange Gains (Loss)	-113	-2.14K	500K	-7.56K	-4.84K
Other Non Operating Income (Expenses)	-5.13K	-77.65K	-29.91M	-8.98K	-
EBT, Excl. Unusual Items	-1.13M	-7.96M	-68.16M	-46.07M	-42.06M
Gain (Loss) On Sale Of Assets	-	56.09K	24.96K	-	-
Other Unusual Items	-	-	-949K	-	-
EBT, Incl. Unusual Items	-1.13M	-7.9M	-69.08M	-46.07M	-42.06M
Earnings From Continuing Operations	-1.13M	-7.9M	-69.08M	-46.07M	-42.06M
Net Income to Company	-1.13M	-7.9M	-69.08M	-46.07M	-42.06M
Net Income - (IS)	-1.13M	-7.9M	-69.08M	-46.07M	-42.06M
Net Income to Common Incl Extra Items	-1.13M	-7.9M	-69.08M	-46.07M	-42.06M
Net Income to Common Excl. Extra Items	-1.13M	-7.9M	-69.08M	-46.07M	-42.06M
Per Share Items
Net EPS - Basic	-0.04	-0.07	-0.37	-0.2	-0.17
Basic EPS - Continuing Operations	-0.04	-0.07	-0.37	-0.2	-0.17
Basic Weighted Average Shares Outstanding	29.48M	115M	187M	233M	253M
Net EPS - Diluted	-0.04	-0.07	-0.37	-0.2	-0.17
Diluted EPS - Continuing Operations	-0.04	-0.07	-0.37	-0.2	-0.17
Diluted Weighted Average Shares Outstanding	29.48M	115M	187M	233M	253M
Normalized Basic EPS	-0.02	-0.04	-0.23	-0.12	-0.1
Normalized Diluted EPS	-0.02	-0.04	-0.23	-0.12	-0.1
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	-1.12M	-7.63M	-36.63M	-48.73M	-45.96M
EBITA	-1.12M	-7.72M	-36.95M	-48.74M	-45.97M
EBIT	-1.12M	-7.72M	-36.95M	-48.74M	-45.97M
Total Revenues (As Reported)	91	56.4K	278K	2.68M	4.24M
Normalized Net Income	-704K	-4.97M	-42.6M	-28.8M	-26.29M
Interest Capitalized	-	868K	-	-	-
Interest on Long-Term Debt	-	236K	2.7M	-	314K
Supplemental Operating Expense Items
General and Administrative Expenses	85.26K	1.47M	2.12M	3.18M	4.3M
Exploration/Drilling Costs	553K	4.38M	33.5M	41.92M	35.64M
Stock-Based Comp., Other (Total)	294K	1.76M	969K	3.13M	5.19M
Total Stock-Based Compensation	294K	1.76M	969K	3.13M	5.19M

Fiscal Period: December	2021 (AUD)	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)
Assets
Cash And Equivalents	203K	18.43M	48.84M	81.69M	137M
Short Term Investments	-	-	-	-	25.46M
Total Cash And Short Term Investments	203K	18.43M	48.84M	81.69M	162M
Other Receivables	141K	1.15M	121K	1.36M	2.01M
Total Receivables	141K	1.15M	121K	1.36M	2.01M
Prepaid Expenses	14.3K	39.56K	432K	1.18M	1.42M
Other Current Assets, Total	-	-	-	66.1K	156K
Total Current Assets	358K	19.62M	49.4M	84.29M	166M
Net Property Plant And Equipment	66.74K	419K	1.46M	1.35M	4.71M
Other Long-Term Assets, Total	-	-	541K	450K	360K
Total Assets	425K	20.04M	51.4M	86.09M	171M
Liabilities
Accounts Payable, Total	20.07K	572K	2.14M	1.27M	2.26M
Accrued Expenses, Total	-	-	-	-	4.18M
Short-term Borrowings	-	20.72M	-	-	-
Current Portion of Leases	-	-	-	-	1.19M
Other Current Liabilities	1.15K	282K	10.02M	3.04M	910K
Total Current Liabilities	21.22K	21.57M	12.16M	4.3M	8.55M
Long-Term Leases	-	-	-	-	354K
Other Non Current Liabilities	-	-	3.41M	-	-
Total Liabilities	21.22K	21.57M	15.58M	4.3M	8.9M
Common Stock, Total	625K	7.24M	112M	202M	324M
Retained Earnings	-845K	-8.75M	-77.83M	-124M	-176M
Comprehensive Income and Other	623K	-22.16K	1.4M	3.61M	14.19M
Total Common Equity	403K	-1.53M	35.82M	81.79M	162M
Total Equity	403K	-1.53M	35.82M	81.79M	162M
Total Liabilities And Equity	425K	20.04M	51.4M	86.09M	171M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	29.48M	136M	214M	248M	276M
ECS Total Common Shares Outstanding	29.48M	136M	214M	247M	275M
Book Value / Share	0.01	-0.01	0.17	0.33	0.59
Tangible Book Value	403K	-1.53M	35.82M	81.79M	162M
Tangible Book Value Per Share	0.01	-0.01	0.17	0.33	0.59
Total Debt	0	20.72M	0	0	1.55M
Net Debt	-203K	2.29M	-48.84M	-81.69M	-161M
Account Code - Inventory Valuation	-	3	3	3	3
Full Time Employees	-	-	-	-	300

Fiscal Period: December	2021 (AUD)	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)
Net Income	-1.13M	-7.9M	-69.08M	-46.07M	-42.06M
Depreciation & Amortization - CF	5.33K	95.59K	324K	16.89K	6.88K
Depreciation & Amortization, Total	5.33K	95.59K	324K	16.89K	6.88K
Stock-Based Compensation (CF)	294K	1.76M	969K	3.13M	5.19M
Other Operating Activities, Total	113	-349K	47.73M	12.89M	2.63M
Change In Accounts Receivable	-176K	-176K	-6.18K	-1.96M	-804K
Change In Accounts Payable	28.29K	988K	1.52M	879K	3.31M
Change in Other Net Operating Assets	-	-	-	-10.74M	-
Cash from Operations	-974K	-5.58M	-18.54M	-41.86M	-31.73M
Capital Expenditure	-94.26K	-439K	-1.67M	-427K	-2.55M
Investment in Marketable and Equity Securities, Total	-	-	-	-	29.74M
Other Investing Activities, Total	-185K	137K	-	-	-
Cash from Investing	-279K	-302K	-1.67M	-427K	27.19M
Short Term Debt Issued, Total	-	20M	1M	-	-
Total Debt Issued	-	20M	1M	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-1.28M
Total Debt Repaid	-	-	-	-	-1.28M
Issuance of Common Stock	1.53M	4.15M	50M	80M	120M
Other Financing Activities, Total	-	-	-357K	-4.69M	-3.7M
Cash from Financing	1.53M	24.15M	50.64M	75.31M	115M
Foreign Exchange Rate Adjustments	-1.73K	-34.63K	-17.46K	-181K	-57.06K
Net Change in Cash	270K	18.23M	30.41M	32.84M	110M
Supplemental Items
Cash Interest Paid	-	-	2.23M	8.98K	314K
Levered Free Cash Flow	-	-3.72M	-12.8M	-37.66M	-23.82M
Unlevered Free Cash Flow	-	-3.62M	-11.52M	-37.66M	-23.63M
Change In Net Working Capital	-	206K	-11.95M	9.91M	-2.46M
Net Debt Issued / Repaid	-	20M	1M	-	-1.28M

Fiscal Period: December	2021 (AUD)	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)
Profitability
Return on Assets	-	-47.16	-64.66	-44.32	-22.19
Return on Total Capital	-	-49.27	-83.97	-51.81	-23.2
Return On Equity %	-	1.41K	-402.89	-78.35	-34.45
Return on Common Equity	-	1.41K	-402.89	-78.35	-34.45
Margin Analysis
Gross Profit Margin %	-	-	-	-	100
SG&A Margin	-	-	-	-	30.66K
EBITDA Margin %	-	-	-	-	-274K
EBITA Margin %	-	-	-	-	-274K
EBIT Margin %	-	-	-	-	-274K
Income From Continuing Operations Margin %	-	-	-	-	-251K
Net Income Margin %	-	-	-	-	-251K
Net Avail. For Common Margin %	-	-	-	-	-251K
Normalized Net Income Margin	-	-	-	-	-157K
Levered Free Cash Flow Margin	-	-	-	-	-142K
Unlevered Free Cash Flow Margin	-	-	-	-	-141K
Asset Turnover
Asset Turnover	-	-	-	-	0
Fixed Assets Turnover	-	-	-	-	0
Short Term Liquidity
Current Ratio	16.87	0.91	4.06	19.59	19.41
Quick Ratio	16.19	0.91	4.03	19.3	19.23
Operating Cash Flow to Current Liabilities	-45.92	-0.26	-1.52	-9.73	-3.71
Long Term Solvency
Total Debt/Equity	-	-1.36K	-	-	0.95
Total Debt / Total Capital	-	107.96	-	-	0.95
LT Debt/Equity	-	-	-	-	0.22
Long-Term Debt / Total Capital	-	-	-	-	0.22
Total Liabilities / Total Assets	5	107.62	30.31	5	5.21
EBIT / Interest Expense	-	-49.89	-18.08	-	-146.6
EBITDA / Interest Expense	-	-49.27	-17.92	-	-146.58
(EBITDA - Capex) / Interest Expense	-	-52.11	-18.74	-	-154.72
Total Debt / EBITDA	-	-2.72	-	-	-0.03
Net Debt / EBITDA	0.18	-0.3	1.33	1.68	3.5
Total Debt / (EBITDA - Capex)	-	-2.57	-	-	-0.03
Net Debt / (EBITDA - Capex)	0.17	-0.28	1.28	1.66	3.31
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	-	583.25	380.22	29.67	-21.46
EBITA, 1 Yr. Growth %	-	588.53	378.48	28.6	-21.47
EBIT, 1 Yr. Growth %	-	588.53	378.48	28.6	-21.47
Earnings From Cont. Operations, 1 Yr. Growth %	-	601.19	774.33	-33.3	-24.91
Net Income, 1 Yr. Growth %	-	601.19	774.33	-33.3	-24.91
Normalized Net Income, 1 Yr. Growth %	-	606.17	756.55	-33.33	-24.91
Diluted EPS Before Extra, 1 Yr. Growth %	-	80.05	436.18	-46.51	-30.81
Net Property, Plant and Equip., 1 Yr. Growth %	-	528.56	247.57	-7.32	46.53
Total Assets, 1 Yr. Growth %	-	4.62K	156.42	67.51	94.44
Tangible Book Value, 1 Yr. Growth %	-	-478.46	-2.45K	128.34	97.44
Common Equity, 1 Yr. Growth %	-	-478.46	-2.45K	128.34	97.44
Cash From Operations, 1 Yr. Growth %	-	473.22	232.02	125.74	-23.35
Capital Expenditures, 1 Yr. Growth %	-	365.99	279.96	-74.42	498.15
Levered Free Cash Flow, 1 Yr. Growth %	-	-	244.5	181.18	-40.18
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	218.41	210.83	-40.52
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	-	-	472.81	152.75	10.59
EBITA, 2 Yr. CAGR %	-	-	473.97	151.23	10.13
EBIT, 2 Yr. CAGR %	-	-	473.97	151.23	10.13
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	682.99	141.48	-21.97
Net Income, 2 Yr. CAGR %	-	-	682.99	141.48	-21.97
Normalized Net Income, 2 Yr. CAGR %	-	-	677.73	140.63	-21.98
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	210.71	69.35	-32.93
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	367.41	79.48	79.69
Total Assets, 2 Yr. CAGR %	-	-	1K	107.25	82.42
Tangible Book Value, 2 Yr. CAGR %	-	-	842.37	631.98	112.74
Common Equity, 2 Yr. CAGR %	-	-	842.37	631.98	112.74
Cash From Operations, 2 Yr. CAGR %	-	-	336.26	173.77	30.81
Capital Expenditures, 2 Yr. CAGR %	-	-	320.78	-1.41	23.69
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	218.37	33.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	222.59	39.65
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-	-	-	252.09	81.97
EBITA, 3 Yr. CAGR %	-	-	-	251.58	81.23
EBIT, 3 Yr. CAGR %	-	-	-	251.58	81.23
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	244.51	74.61
Net Income, 3 Yr. CAGR %	-	-	-	244.51	74.61
Normalized Net Income, 3 Yr. CAGR %	-	-	-	244.51	74.2
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	72.85	34.11
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	172.55	123.89
Total Assets, 3 Yr. CAGR %	-	-	-	487.5	104.34
Tangible Book Value, 3 Yr. CAGR %	-	-	-	487.5	373.56
Common Equity, 3 Yr. CAGR %	-	-	-	487.5	373.56
Cash From Operations, 3 Yr. CAGR %	-	-	-	250.24	78.44
Capital Expenditures, 3 Yr. CAGR %	-	-	-	65.45	79.81
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	85.78
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	86.91