Cash flow Black Cat Syndicate Limited

Equities

BC8

AU000000BC88

Gold

Market Closed - Australian S.E. Other stock markets 04:11:04 22/01/26 pm AEDT			5-day change	1st Jan Change
1.480 ^AUD	-3.58%		+1.02%	+19.35%

14/01	Auric Mining Stockpiles 67,000 Tonnes of Ore Ahead of Toll Processing Campaign; Shares Up 3%	MT
13/01	Marquee Resources Limited Announces First Batch of Assay Results from its Phase 2 RC Drilling Campaign at Mt Clement (Eastern Hills) Antimony/Gold Project in Western Australia	CI

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Published financial data: BLACK CAT SYNDICATE LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	-	-	-	-	37.32M
Other Revenues, Total	-	-	867K	4.61M	931K
Total Revenues	-	-	867K	4.61M	38.25M
Cost of Goods Sold, Total	-	-	-	-	50.32M
Gross Profit	-	-	867K	4.61M	-12.08M
Selling General & Admin Expenses, Total	1.98M	3.88M	5.32M	3.36M	4.96M
Exploration / Drilling Costs, Total	387K	87.08K	-	-	-
Stock-Based Compensation (IS)	-	-	-	-	4.68M
Depreciation & Amortization - (IS)	25.07K	114K	112K	22K	-
Amortization of Goodwill and Intangible Assets - (IS)	-	-	61.12K	-	-
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	150K	1.43M	1.61M
Other Operating Expenses	-50K	-136K	116K	2.06M	893K
Other Operating Expenses, Total	2.34M	3.95M	5.76M	6.86M	12.14M
Operating Income	-2.34M	-3.95M	-4.89M	-2.25M	-24.22M
Interest Expense, Total	-	-25.14K	-353	-1.71M	-1.78M
Interest And Investment Income	14.41K	18.37K	183K	48K	1.56M
Net Interest Expenses	14.41K	-6.77K	182K	-1.66M	-211K
Currency Exchange Gains (Loss)	-10.87K	8.46K	200	-10K	-
Other Non Operating Income (Expenses)	-	-	-	-	-1.16M
EBT, Excl. Unusual Items	-2.33M	-3.94M	-4.71M	-3.92M	-25.6M
Gain (Loss) On Sale Of Investments	-	-	-	-	-350K
Gain (Loss) On Sale Of Assets	9.48K	-1.19K	-91.91K	117K	-
EBT, Incl. Unusual Items	-2.32M	-3.94M	-4.8M	-3.81M	-25.95M
Earnings From Continuing Operations	-2.32M	-3.94M	-4.8M	-3.81M	-25.95M
Net Income to Company	-2.32M	-3.94M	-4.8M	-3.81M	-25.95M
Net Income - (IS)	-2.32M	-3.94M	-4.8M	-3.81M	-25.95M
Net Income to Common Incl Extra Items	-2.32M	-3.94M	-4.8M	-3.81M	-25.95M
Net Income to Common Excl. Extra Items	-2.32M	-3.94M	-4.8M	-3.81M	-25.95M
Per Share Items
Net EPS - Basic	-0.02	-0.03	-0.02	-0.01	-0.05
Basic EPS - Continuing Operations	-0.02	-0.03	-0.02	-0.01	-0.05
Basic Weighted Average Shares Outstanding	113M	149M	236M	302M	561M
Net EPS - Diluted	-0.02	-0.03	-0.02	-0.01	-0.05
Diluted EPS - Continuing Operations	-0.02	-0.03	-0.02	-0.01	-0.05
Diluted Weighted Average Shares Outstanding	113M	149M	236M	302M	561M
Normalized Basic EPS	-0.01	-0.02	-0.01	-0.01	-0.03
Normalized Diluted EPS	-0.01	-0.02	-0.01	-0.01	-0.03
Supplemental Items
EBITDA	-2.32M	-3.9M	-4.78M	-2.23M	-6.89M
EBITA	-2.34M	-3.95M	-4.89M	-2.25M	-24.22M
EBIT	-2.34M	-3.95M	-4.89M	-2.25M	-24.22M
Total Revenues (As Reported)	64.41K	155K	1.09M	4.78M	-
Current Domestic Taxes	0	0	0	0	0
Total Current Taxes	0	0	0	0	0
Deferred Domestic Taxes	0	0	0	0	0
Total Deferred Taxes	0	0	0	0	0
Normalized Net Income	-1.46M	-2.46M	-2.94M	-2.45M	-16M
Interest on Long-Term Debt	-	-	245	-	-
Supplemental Operating Expense Items
Marketing Expenses	48.86K	36.59K	-	-	-
Selling and Marketing Expenses	48.86K	36.59K	-	-	-
General and Administrative Expenses	481K	851K	5.32M	3.36M	4.96M
Exploration/Drilling Costs	387K	87.08K	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	716K	674K	-
Stock-Based Comp., SG&A Exp. (Total)	355K	402K	-	-	-
Stock-Based Comp., Other (Total)	61.4K	-	112K	-	4.68M
Total Stock-Based Compensation	416K	402K	828K	674K	4.68M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	16.05M	18.17M	4.66M	13.98M	34.11M
Short Term Investments	-	-	-	-	1.65M
Total Cash And Short Term Investments	16.05M	18.17M	4.66M	13.98M	35.76M
Accounts Receivable, Total	214K	232K	2.64K	1.46M	5.51M
Other Receivables	-	235K	382K	160K	3.32M
Total Receivables	214K	466K	385K	1.62M	8.83M
Inventory	-	491K	338K	324K	25.55M
Prepaid Expenses	-	-	56.84K	1.18M	136K
Total Current Assets	16.26M	19.13M	5.44M	17.1M	70.28M
Gross Property Plant And Equipment	32.09M	99.01M	124M	142M	311M
Accumulated Depreciation	-46.4K	-88.05K	-1.54M	-1.31M	-11.57M
Net Property Plant And Equipment	32.04M	98.92M	123M	141M	299M
Long-term Investments	44.92K	64.92K	-	-	-
Other Long-Term Assets, Total	-	-	64.92K	65K	71K
Total Assets	48.35M	118M	128M	158M	370M
Liabilities
Accounts Payable, Total	1.3M	1.45M	3.91M	1.43M	17.07M
Accrued Expenses, Total	441K	495K	2.2M	2.09M	5.74M
Current Portion of Leases	58.03K	68.24K	-	202K	6.66M
Unearned Revenue Current, Total	-	-	-	-	1.12M
Other Current Liabilities	260K	15.12M	5.11M	6.09M	25.1M
Total Current Liabilities	2.06M	17.14M	11.22M	9.81M	55.68M
Long-Term Debt	-	-	-	9.15M	-
Long-Term Leases	132K	64.12K	-	88K	14.8M
Other Non Current Liabilities	-	21.95M	23.49M	21.76M	30.06M
Total Liabilities	2.19M	39.15M	34.71M	40.8M	101M
Common Stock, Total	50.44M	86.79M	106M	132M	306M
Retained Earnings	-5.57M	-9.33M	-13.65M	-16.18M	-42.13M
Comprehensive Income and Other	1.3M	1.5M	1.33M	1.36M	5.18M
Total Common Equity	46.16M	78.97M	93.47M	117M	269M
Total Equity	46.16M	78.97M	93.47M	117M	269M
Total Liabilities And Equity	48.35M	118M	128M	158M	370M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	141M	214M	301M	378M	708M
ECS Total Common Shares Outstanding	141M	214M	267M	378M	708M
Book Value / Share	0.33	0.37	0.35	0.31	0.38
Tangible Book Value	46.16M	78.97M	93.47M	117M	269M
Tangible Book Value Per Share	0.33	0.37	0.35	0.31	0.38
Total Debt	190K	132K	0	9.44M	21.46M
Net Debt	-15.86M	-18.04M	-4.66M	-4.54M	-14.3M
Account Code - Inventory Valuation	3	-	3	3	6
Inventories - Raw Materials, Total	-	-	-	-	3.74M
Inventories - Finished Goods, Total	-	-	-	-	21.81M
Machinery, Total	192K	881K	379K	135K	127M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	-2.32M	-3.94M	-4.8M	-3.81M	-25.95M
Depreciation & Amortization - CF	25.07K	114K	173K	22K	19.76M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	1.61M
Depreciation & Amortization, Total	25.07K	114K	173K	22K	21.37M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-9.48K	1.19K	91.91K	-	-
Asset Writedown & Restructuring Costs	-	-	66.67K	-	-
Stock-Based Compensation (CF)	416K	402K	828K	674K	4.68M
Other Operating Activities, Total	398K	78.62K	110K	2.68M	930K
Change In Accounts Receivable	-31.57K	-169K	-356K	-1.23M	-7.22M
Change In Inventories	-	-345K	-	14K	-24.11M
Change In Accounts Payable	121K	448K	149K	-2.77M	17.09M
Change in Other Net Operating Assets	107K	111K	352K	2.37M	441K
Cash from Operations	-1.3M	-3.3M	-3.38M	-2.06M	-12.76M
Capital Expenditure	-13.84M	-27.78M	-23.55M	-17.32M	-55.28M
Sale of Property, Plant, and Equipment	-	1.19K	242K	232K	-
Cash Acquisitions	-	-	-5M	-5.48M	-
Investment in Marketable and Equity Securities, Total	-44.92K	-20K	-	-	-52.84M
Other Investing Activities, Total	-	-	123K	-	-
Cash from Investing	-13.88M	-27.8M	-28.18M	-22.57M	-108M
Short Term Debt Issued, Total	-	-	-	-	1M
Long-Term Debt Issued, Total	-	-	734K	9M	-
Total Debt Issued	-	-	734K	9M	1M
Short Term Debt Repaid, Total	-	-	-	-	-1M
Long-Term Debt Repaid, Total	-5.5K	-58.03K	-667K	-179K	-13.22M
Total Debt Repaid	-5.5K	-58.03K	-667K	-179K	-14.22M
Issuance of Common Stock	30.41M	35.22M	18.79M	27.02M	165M
Other Financing Activities, Total	-2.03M	-1.95M	-801K	-1.89M	-10.4M
Cash from Financing	28.37M	33.22M	18.05M	33.95M	141M
Foreign Exchange Rate Adjustments	-10.87K	8.46K	-	-	-
Miscellaneous Cash Flow Adjustments	-5	-	-	-	-
Net Change in Cash	13.18M	2.12M	-13.52M	9.32M	20.13M
Supplemental Items
Cash Interest Paid	-	-	-	54K	-
Levered Free Cash Flow	-14M	-15.42M	-32.91M	-23.05M	-37.46M
Unlevered Free Cash Flow	-14M	-15.41M	-32.91M	-21.98M	-36.35M
Change In Net Working Capital	-854K	-14.32M	7.31M	3.95M	-8.02M
Net Debt Issued / Repaid	-5.5K	-58.03K	67.26K	8.82M	-13.22M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	-4.76	-2.96	-2.5	-0.99	-5.74
Return on Total Capital	-5.01	-3.93	-3.54	-1.28	-7.26
Return On Equity %	-7.99	-6.31	-5.57	-3.62	-13.44
Return on Common Equity	-7.99	-6.31	-5.57	-3.62	-13.44
Margin Analysis
Gross Profit Margin %	-	-	100	100	-31.57
SG&A Margin	-	-	613.39	72.84	12.96
EBITDA Margin %	-	-	-551.16	-48.42	-18.02
EBITA Margin %	-	-	-564.05	-48.89	-63.33
EBIT Margin %	-	-	-564.05	-48.89	-63.33
Income From Continuing Operations Margin %	-	-	-553.61	-82.58	-67.84
Net Income Margin %	-	-	-553.61	-82.58	-67.84
Net Avail. For Common Margin %	-	-	-553.61	-82.58	-67.84
Normalized Net Income Margin	-	-	-339.38	-53.2	-41.83
Levered Free Cash Flow Margin	-	-	-3.8K	-500.01	-97.93
Unlevered Free Cash Flow Margin	-	-	-3.8K	-476.85	-95.03
Asset Turnover
Asset Turnover	-	-	0.01	0.03	0.15
Fixed Assets Turnover	-	-	0.01	0.04	0.17
Receivables Turnover (Average Receivables)	-	-	-	-	10.72
Inventory Turnover (Average Inventory)	-	-	-	-	3.89
Short Term Liquidity
Current Ratio	7.89	1.12	0.48	1.74	1.26
Quick Ratio	7.89	1.09	0.45	1.59	0.8
Operating Cash Flow to Current Liabilities	-0.63	-0.19	-0.3	-0.21	-0.23
Days Sales Outstanding (Average Receivables)	-	-	-	-	34.06
Days Outstanding Inventory (Average Inventory)	-	-	-	-	93.83
Average Days Payable Outstanding	-	-	-	-	44.78
Cash Conversion Cycle (Average Days)	-	-	-	-	83.12
Long Term Solvency
Total Debt/Equity	0.41	0.17	-	8.07	7.98
Total Debt / Total Capital	0.41	0.17	-	7.46	7.39
LT Debt/Equity	0.29	0.08	-	7.89	5.5
Long-Term Debt / Total Capital	0.29	0.08	-	7.3	5.1
Total Liabilities / Total Assets	4.54	33.14	27.08	25.86	27.21
EBIT / Interest Expense	-	-156.91	-13.85K	-1.32	-13.65
EBITDA / Interest Expense	-	-152.36	-13.36K	-1.31	-1.61
(EBITDA - Capex) / Interest Expense	-	-1.26K	-80.07K	-11.45	-32.75
Total Debt / EBITDA	-0.08	-0.03	-	-4.23	-7.52
Net Debt / EBITDA	6.86	4.71	0.99	2.03	5.01
Total Debt / (EBITDA - Capex)	-0.01	-0	-	-0.48	-0.37
Net Debt / (EBITDA - Capex)	0.98	0.57	0.16	0.23	0.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	536.47	158.12	729.67
Gross Profit, 1 Yr. Growth %	-	-	536.47	158.12	-361.95
EBITDA, 1 Yr. Growth %	64.44	68.13	22.43	-53.3	758.16
EBITA, 1 Yr. Growth %	63.93	68.76	24.75	-53.92	974.58
EBIT, 1 Yr. Growth %	63.93	68.76	24.75	-53.92	974.58
Earnings From Cont. Operations, 1 Yr. Growth %	66.35	69.69	23.03	-20.69	581.53
Net Income, 1 Yr. Growth %	66.35	69.69	23.03	-20.69	581.53
Normalized Net Income, 1 Yr. Growth %	67.03	68.95	20.71	-16.65	552.29
Diluted EPS Before Extra, 1 Yr. Growth %	21.75	25.82	-22.31	-35.98	255.94
Accounts Receivable, 1 Yr. Growth %	-	-	-98.86	48.47K	278.04
Inventory, 1 Yr. Growth %	-	-	-31.25	-4.14	7.79K
Net Property, Plant and Equip., 1 Yr. Growth %	217.49	208.71	26.44	14.64	112.77
Total Assets, 1 Yr. Growth %	271.26	144.28	10.29	23.1	134.21
Tangible Book Value, 1 Yr. Growth %	283.81	71.08	18.31	25.16	129.95
Common Equity, 1 Yr. Growth %	283.81	71.08	18.31	25.16	129.95
Cash From Operations, 1 Yr. Growth %	72.14	154.34	2.44	-39.21	520.56
Capital Expenditures, 1 Yr. Growth %	181.41	100.74	-15.24	-26.43	219.08
Levered Free Cash Flow, 1 Yr. Growth %	176.74	9.64	138.73	-29.97	73.24
Unlevered Free Cash Flow, 1 Yr. Growth %	176.74	9.53	138.8	-33.21	76.84
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	481.76	362.77
Gross Profit, 2 Yr. CAGR %	-	-	-	481.76	160.03
EBITDA, 2 Yr. CAGR %	42.19	66.27	43.56	-24.38	20.08
EBITA, 2 Yr. CAGR %	42.16	66.33	44.63	-24.17	122.53
EBIT, 2 Yr. CAGR %	42.16	66.33	44.63	-24.17	122.53
Earnings From Cont. Operations, 2 Yr. CAGR %	43.37	68.01	43.68	-1.21	132.5
Net Income, 2 Yr. CAGR %	43.37	68.01	43.68	-1.21	132.5
Normalized Net Income, 2 Yr. CAGR %	43.66	67.99	42.01	0.31	133.17
Diluted EPS Before Extra, 2 Yr. CAGR %	4.65	23.77	-1.67	-29.47	50.95
Accounts Receivable, 2 Yr. CAGR %	-	-	-	150.86	4.18K
Inventory, 2 Yr. CAGR %	-	-	-	-18.79	769.44
Net Property, Plant and Equip., 2 Yr. CAGR %	163.11	213.07	95.67	20.39	56.18
Total Assets, 2 Yr. CAGR %	155.63	201.15	62.82	16.52	69.8
Tangible Book Value, 2 Yr. CAGR %	158.26	156.25	42.31	21.68	69.65
Common Equity, 2 Yr. CAGR %	158.26	156.25	42.31	21.68	69.65
Cash From Operations, 2 Yr. CAGR %	29.97	109.24	61.41	-21.1	94.22
Capital Expenditures, 2 Yr. CAGR %	121.27	137.68	30.44	-21.03	53.21
Levered Free Cash Flow, 2 Yr. CAGR %	109.88	74.57	52.97	29.3	6.68
Unlevered Free Cash Flow, 2 Yr. CAGR %	109.88	74.48	52.97	26.29	5.09
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	-	554.84
Gross Profit, 3 Yr. CAGR %	-	-	-	-	345.9
EBITDA, 3 Yr. CAGR %	51.64	50.36	50.21	-1.26	20.86
EBITA, 3 Yr. CAGR %	51.71	50.53	50.79	-1.21	83.5
EBIT, 3 Yr. CAGR %	51.71	50.53	50.79	-1.21	83.5
Earnings From Cont. Operations, 3 Yr. CAGR %	41.66	51.65	50.87	17.87	88.06
Net Income, 3 Yr. CAGR %	41.66	51.65	50.87	17.87	88.06
Normalized Net Income, 3 Yr. CAGR %	41.85	51.64	49.91	18.9	87.23
Diluted EPS Before Extra, 3 Yr. CAGR %	-2.95	11.28	5.59	-14.77	20.98
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	187.6
Inventory, 3 Yr. CAGR %	-	-	-	-	273.26
Net Property, Plant and Equip., 3 Yr. CAGR %	155.76	177.5	129.93	63.73	45.56
Total Assets, 3 Yr. CAGR %	102.44	151.79	114.3	48.33	47.05
Tangible Book Value, 3 Yr. CAGR %	103.2	125.13	98.09	36.34	50.44
Common Equity, 3 Yr. CAGR %	103.2	125.13	98.09	36.34	50.44
Cash From Operations, 3 Yr. CAGR %	46.99	62.57	64.91	16.56	56.91
Capital Expenditures, 3 Yr. CAGR %	93.86	114.2	68.55	7.78	25.78
Levered Free Cash Flow, 3 Yr. CAGR %	-	69.28	86.66	17.9	39.54
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	69.22	86.66	16.05	38.16
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	-	48.36	14.25	37.35
EBITA, 5 Yr. CAGR %	-	-	48.84	14.27	76.2
EBIT, 5 Yr. CAGR %	-	-	48.84	14.27	76.2
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	42.46	27.47	79.37
Net Income, 5 Yr. CAGR %	-	-	42.46	27.47	79.37
Normalized Net Income, 5 Yr. CAGR %	-	-	41.91	28.25	78.88
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-2.44	-7.48	21.82
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	129.78	97.94	96.97
Total Assets, 5 Yr. CAGR %	-	-	85.55	84.41	95.25
Tangible Book Value, 5 Yr. CAGR %	-	-	76.21	76.04	86.18
Common Equity, 5 Yr. CAGR %	-	-	76.21	76.04	86.18
Cash From Operations, 5 Yr. CAGR %	-	-	52.6	21.75	76.06
Capital Expenditures, 5 Yr. CAGR %	-	-	65.45	43.71	62.24
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	48.62	49.23
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	47.21	48.34