Balance Sheet IperionX Limited

Equities

IPX

AU0000208910

Specialty Mining & Metals

Market Closed - Australian S.E. Other stock markets 04:10:17 06/03/26 pm AEDT			5-day change	1st Jan Change
6.910 ^AUD	-5.21%		+2.83%	+23.39%

06/03	Diary - Australia, New Zealand corporate earnings week ahead	RE
03/03	B. Riley Adjusts Iperionx Price Target to $58 From $35, Maintains Buy Rating	MT

531e70e78de6622cae18a313a18f3.fE3S9_EJJ29vt8Ze10VIiLgbHBxNhVvD6n1cDzt-jfU.BQuevMJjdyk33oIImGg87t9EWyh0siv3qE0QN31IybcROKrH3FB4BVrnqQ

Published financial data: IPERIONX LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Selling General & Admin Expenses, Total	1.43M	6.26M	6.65M	8.16M	13.07M
Exploration / Drilling Costs, Total	2.57M	7.27M	2.83M	1.95M	2.89M
Stock-Based Compensation (IS)	4.08M	8.34M	2.59M	3.79M	9.57M
R&D Expenses	-	-	5.6M	8.71M	12.57M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-	-	-	-	1.18M
Other Operating Expenses, Total	8.09M	21.87M	17.66M	22.62M	39.27M
Operating Income	-8.09M	-21.87M	-17.66M	-22.62M	-39.27M
Interest Expense, Total	-3.1K	-44.51K	-78.04K	-123K	-280K
Interest And Investment Income	5.08K	401K	494K	546K	2.2M
Net Interest Expenses	1.98K	357K	416K	423K	1.92M
Currency Exchange Gains (Loss)	-	-	-	-48.59K	1.35M
Other Non Operating Income (Expenses)	-4.4K	-7.76K	-200K	614K	913K
EBT, Excl. Unusual Items	-8.09M	-21.52M	-17.44M	-21.63M	-35.09M
Gain (Loss) On Sale Of Assets	-	-	-	-16.35K	-261K
Asset Writedown	-	-	-	-199K	-
Other Unusual Items	-5.14M	-	-	-	-
EBT, Incl. Unusual Items	-13.23M	-21.52M	-17.44M	-21.84M	-35.35M
Earnings From Continuing Operations	-13.23M	-21.52M	-17.44M	-21.84M	-35.35M
Net Income to Company	-13.23M	-21.52M	-17.44M	-21.84M	-35.35M
Net Income - (IS)	-13.23M	-21.52M	-17.44M	-21.84M	-35.35M
Net Income to Common Incl Extra Items	-13.23M	-21.52M	-17.44M	-21.84M	-35.35M
Net Income to Common Excl. Extra Items	-13.23M	-21.52M	-17.44M	-21.84M	-35.35M
Per Share Items
Net EPS - Basic	-0.22	-0.16	-0.1	-0.1	-0.12
Basic EPS - Continuing Operations	-0.22	-0.16	-0.1	-0.1	-0.12
Basic Weighted Average Shares Outstanding	60.34M	135M	168M	218M	297M
Net EPS - Diluted	-0.22	-0.16	-0.1	-0.1	-0.12
Diluted EPS - Continuing Operations	-0.22	-0.16	-0.1	-0.1	-0.12
Diluted Weighted Average Shares Outstanding	60.34M	135M	168M	218M	297M
Normalized Basic EPS	-0.09	-0.1	-0.06	-0.06	-0.07
Normalized Diluted EPS	-0.09	-0.1	-0.06	-0.06	-0.07
American Depositary Receipts Ratio (ADR)	10	10	10	10	10
Supplemental Items
EBITDA	-8.09M	-21.84M	-17.48M	-22.49M	-37.79M
EBITA	-8.09M	-21.87M	-17.66M	-22.62M	-38.5M
EBIT	-8.09M	-21.87M	-17.66M	-22.62M	-39.27M
EBITDAR	-	-	-	-22.42M	-37.64M
Normalized Net Income	-5.06M	-13.45M	-10.9M	-13.52M	-21.93M
Interest on Long-Term Debt	3.1K	44.51K	78.04K	106K	278K
Supplemental Operating Expense Items
Marketing Expenses	581K	3.21M	2.65M	3.65M	3.37M
Selling and Marketing Expenses	581K	3.21M	2.65M	3.65M	3.37M
General and Administrative Expenses	853K	3.06M	3.99M	4.52M	9.69M
Research And Development Expense From Footnotes	-	-	5.6M	8.71M	12.75M
Exploration/Drilling Costs	2.57M	7.27M	2.83M	1.95M	2.89M
Net Rental Expense, Total	-	-	-	72.54K	144K
Imputed Operating Lease Interest Expense	-	-	-	57.77K	119K
Imputed Operating Lease Depreciation	-	-	-	14.77K	25.25K
Stock-Based Comp., Other (Total)	9.23M	8.34M	2.59M	3.79M	9.57M
Total Stock-Based Compensation	9.23M	8.34M	2.59M	3.79M	9.57M

Fiscal Period: June	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	1.7M	5.67M	11.94M	33.16M	54.81M
Total Cash And Short Term Investments	1.7M	5.67M	11.94M	33.16M	54.81M
Other Receivables	341	22.54K	228K	2.3M	823K
Total Receivables	341	22.54K	228K	2.3M	823K
Inventory	-	-	-	16.92K	-
Prepaid Expenses	49.07K	144K	588K	572K	498K
Other Current Assets, Total	-	-	-	5.5M	2.74M
Total Current Assets	1.75M	5.84M	12.75M	41.55M	58.88M
Gross Property Plant And Equipment	1.05M	3.98M	7.64M	15.11M	34.31M
Accumulated Depreciation	-9.32K	-162K	-589K	-1.22M	-2.6M
Net Property Plant And Equipment	1.04M	3.82M	7.05M	13.89M	31.71M
Other Intangibles, Total	-	-	-	-	13.55M
Other Long-Term Assets, Total	-	250K	3M	-	898K
Total Assets	2.79M	9.91M	22.8M	55.44M	105M
Liabilities
Accounts Payable, Total	287K	1.68M	711K	1.31M	6M
Accrued Expenses, Total	258K	222K	470K	259K	1.31M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	5.59K	5.97K	6.37K	6.76K
Current Portion of Leases	81.1K	129K	377K	439K	465K
Other Current Liabilities	11.07K	46.39K	84.01K	1.04M	645K
Total Current Liabilities	637K	2.08M	1.65M	3.05M	8.43M
Long-Term Debt	-	30.86K	24.89K	18.52K	12.3K
Long-Term Leases	395K	378K	568K	1.03M	3.45M
Other Non Current Liabilities	-	-	-	-	700K
Total Liabilities	1.03M	2.49M	2.24M	4.1M	12.59M
Common Stock, Total	10.26M	29.78M	58.76M	113M	198M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	-13.23M	-34.75M	-52.2M	-73.88M	-109M
Comprehensive Income and Other	4.74M	12.39M	14M	12.26M	3.69M
Total Common Equity	1.76M	7.42M	20.56M	51.34M	92.44M
Total Equity	1.76M	7.42M	20.56M	51.34M	92.44M
Total Liabilities And Equity	2.79M	9.91M	22.8M	55.44M	105M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	139M	140M	193M	261M	334M
ECS Total Common Shares Outstanding	105M	140M	193M	257M	320M
Book Value / Share	0.02	0.05	0.11	0.2	0.29
Tangible Book Value	1.76M	7.42M	20.56M	51.34M	78.89M
Tangible Book Value Per Share	0.02	0.05	0.11	0.2	0.25
Total Debt	476K	543K	975K	1.49M	3.93M
Net Debt	-1.22M	-5.13M	-10.96M	-31.67M	-50.88M
Debt Equivalent Oper. Leases	-	-	-	580K	1.15M
Account Code - Inventory Valuation	-	-	3	3	3
Machinery, Total	66.82K	957K	3.03M	6.51M	22.35M
Full Time Employees	-	28	30	-	-

Fiscal Period: June	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	-13.23M	-21.52M	-17.44M	-21.84M	-35.35M
Depreciation & Amortization - CF	9.32K	153K	427K	646K	1.51M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	768K
Depreciation & Amortization, Total	9.32K	153K	427K	646K	2.28M
(Gain) Loss From Sale Of Asset	-	-	-	16.35K	261K
(Gain) Loss on Sale of Investments - (CF)	-	-	250K	-	-
Asset Writedown & Restructuring Costs	-	-	-	199K	-
Stock-Based Compensation (CF)	4.08M	8.34M	2.59M	3.79M	9.57M
Other Operating Activities, Total	5.14M	-379K	-355K	48.59K	-1.35M
Change In Accounts Receivable	-	-	-	-2.07M	1.12M
Change In Accounts Payable	-	-	-	609K	1.67M
Change in Other Net Operating Assets	438K	1.27M	-1.33M	-	-
Cash from Operations	-3.56M	-12.13M	-15.86M	-18.61M	-21.8M
Capital Expenditure	-572K	-2.82M	-2.71M	-8.07M	-17.61M
Sale of Property, Plant, and Equipment	-	-	-	2.04M	9.42K
Cash Acquisitions	2.33M	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-6.68M
Investment in Marketable and Equity Securities, Total	-	-250K	-	-	-
Other Investing Activities, Total	-	-	-3M	-500K	-
Cash from Investing	1.76M	-3.07M	-5.71M	-6.53M	-24.28M
Long-Term Debt Issued, Total	-	38.68K	-	-	-
Total Debt Issued	-	38.68K	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-6.47K	-81K	-518K	-424K	-518K
Total Debt Repaid	-6.47K	-81K	-518K	-424K	-518K
Issuance of Common Stock	3.59M	19.87M	29.92M	48.33M	71.13M
Other Financing Activities, Total	-85.47K	-431K	-1.51M	-1.32M	-2.62M
Cash from Financing	3.5M	19.39M	27.89M	46.59M	67.99M
Foreign Exchange Rate Adjustments	-2.42K	-217K	-57.14K	-236K	-260K
Net Change in Cash	1.7M	3.97M	6.27M	21.22M	21.66M
Supplemental Items
Cash Interest Paid	511	45.54K	49.49K	120K	330K
Levered Free Cash Flow	4.44M	-6.75M	-12.11M	-24.08M	-27.48M
Unlevered Free Cash Flow	4.44M	-6.72M	-12.06M	-24M	-27.31M
Change In Net Working Capital	-506K	-1.27M	1.33M	6.23M	-9.68M
Net Debt Issued / Repaid	-6.47K	-42.32K	-518K	-424K	-518K

Fiscal Period: June	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	-219.68	-215.25	-67.49	-36.13	-30.59
Return on Total Capital	-249.92	-268.05	-74.83	-38.02	-32.9
Return On Equity %	-736.86	-468.88	-124.68	-60.76	-49.17
Return on Common Equity	-736.86	-468.88	-124.68	-60.76	-49.17
Short Term Liquidity
Current Ratio	2.74	2.81	7.74	13.62	6.99
Quick Ratio	2.67	2.74	7.38	11.62	6.6
Operating Cash Flow to Current Liabilities	-6.09	-5.83	-9.63	-6.1	-2.59
Long Term Solvency
Total Debt/Equity	27.02	7.32	4.74	2.9	4.26
Total Debt / Total Capital	21.27	6.82	4.53	2.82	4.08
LT Debt/Equity	22.42	5.51	2.88	2.04	3.75
Long-Term Debt / Total Capital	17.65	5.13	2.75	1.98	3.59
Total Liabilities / Total Assets	36.95	25.12	9.82	7.39	11.99
EBIT / Interest Expense	-2.61K	-491.33	-226.31	-184.28	-140.49
EBITDA / Interest Expense	-2.61K	-487.88	-220.85	-179.01	-132.34
(EBITDA - Capex) / Interest Expense	-2.79K	-551.16	-255.52	-244.76	-195.32
Total Debt / EBITDA	-0.05	-0.03	-0.06	-0.07	-0.11
Net Debt / EBITDA	0.14	0.24	0.64	1.44	1.38
Total Debt / (EBITDA - Capex)	-0.05	-0.02	-0.05	-0.05	-0.07
Net Debt / (EBITDA - Capex)	0.13	0.21	0.55	1.05	0.93
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	1.37K	147.54	-19.93	28.64	68
EBITA, 1 Yr. Growth %	1.37K	147.89	-19.24	28.06	70.24
EBIT, 1 Yr. Growth %	1.37K	147.89	-19.24	28.06	73.64
Earnings From Cont. Operations, 1 Yr. Growth %	2.48K	49.1	-18.94	25.22	61.83
Net Income, 1 Yr. Growth %	2.48K	49.1	-18.94	25.22	61.83
Normalized Net Income, 1 Yr. Growth %	1.48K	143.86	-18.94	25.79	62.23
Diluted EPS Before Extra, 1 Yr. Growth %	1.24K	-23.79	-35.11	-3.42	19.67
Net Property, Plant and Equip., 1 Yr. Growth %	10.93	265.7	84.56	97.02	128.33
Total Assets, 1 Yr. Growth %	25.28	254.93	130.14	143.1	89.47
Tangible Book Value, 1 Yr. Growth %	-18.42	321.55	177.14	149.67	53.67
Common Equity, 1 Yr. Growth %	-18.42	321.55	177.14	149.67	80.06
Cash From Operations, 1 Yr. Growth %	695.56	212.61	30.74	17.29	17.15
Capital Expenditures, 1 Yr. Growth %	538.81	351.7	-3.94	198.26	118.2
Levered Free Cash Flow, 1 Yr. Growth %	-1.19K	-251.93	79.46	98.76	14.13
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.2K	-251.23	79.48	99.03	13.77
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	-	528.93	40.78	1.49	47.01
EBITA, 2 Yr. CAGR %	280.28	529.37	41.49	1.69	47.65
EBIT, 2 Yr. CAGR %	280.28	529.37	41.49	1.69	49.12
Earnings From Cont. Operations, 2 Yr. CAGR %	400.14	547.03	9.94	0.75	42.35
Net Income, 2 Yr. CAGR %	400.14	547.03	9.94	0.75	42.35
Normalized Net Income, 2 Yr. CAGR %	291.08	547.03	40.6	0.25	42.85
Diluted EPS Before Extra, 2 Yr. CAGR %	258.53	212.2	-29.65	-20.84	7.51
Net Property, Plant and Equip., 2 Yr. CAGR %	13.51	110.11	159.8	90.69	112.1
Total Assets, 2 Yr. CAGR %	1.95	119.97	185.8	136.53	114.62
Tangible Book Value, 2 Yr. CAGR %	-18.26	93.45	241.8	163.05	95.87
Common Equity, 2 Yr. CAGR %	-18.26	93.45	241.8	163.05	112.03
Cash From Operations, 2 Yr. CAGR %	168.9	420.22	102.17	23.83	17.22
Capital Expenditures, 2 Yr. CAGR %	17.78	460.35	108.31	69.27	155.11
Levered Free Cash Flow, 2 Yr. CAGR %	123.54	324.49	65.12	88.91	50.61
Unlevered Free Cash Flow, 2 Yr. CAGR %	123.59	324.78	64.75	89	50.48
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-	-	220.06	36.62	20.06
EBITA, 3 Yr. CAGR %	107.59	239.15	221.12	36.86	20.75
EBIT, 3 Yr. CAGR %	107.59	239.15	221.12	36.86	21.55
Earnings From Cont. Operations, 3 Yr. CAGR %	144.79	243.66	227.51	14.81	17.99
Net Income, 3 Yr. CAGR %	144.79	243.66	227.51	14.81	17.99
Normalized Net Income, 3 Yr. CAGR %	107.77	243.66	227.51	34.82	17.7
Diluted EPS Before Extra, 3 Yr. CAGR %	28.89	110.43	87.12	-21.81	-9.14
Net Property, Plant and Equip., 3 Yr. CAGR %	34.22	72.43	103.56	136.92	102.49
Total Assets, 3 Yr. CAGR %	-4.88	58.93	125.9	170.8	119.67
Tangible Book Value, 3 Yr. CAGR %	-16.77	45.25	120.61	207.82	119.9
Common Equity, 3 Yr. CAGR %	-16.77	45.25	120.61	207.82	131.83
Cash From Operations, 3 Yr. CAGR %	156.83	190.82	232.1	68.61	21.56
Capital Expenditures, 3 Yr. CAGR %	238.75	89.63	214.9	134.78	84.22
Levered Free Cash Flow, 3 Yr. CAGR %	435.75	102.15	222.29	75.68	59.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	435.84	101.87	222.44	75.47	59.58
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	-	-	-	135.17
EBITA, 5 Yr. CAGR %	-	122.93	82.37	110.83	136.05
EBIT, 5 Yr. CAGR %	-	122.93	82.37	110.83	136.99
Earnings From Cont. Operations, 5 Yr. CAGR %	-	122.21	82	111.72	135.39
Net Income, 5 Yr. CAGR %	-	122.21	82	111.72	135.39
Normalized Net Income, 5 Yr. CAGR %	-	122.21	82	111.3	135.04
Diluted EPS Before Extra, 5 Yr. CAGR %	-	3.84	0.85	43.26	50.37
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	79.01	80.68	107.56
Total Assets, 5 Yr. CAGR %	-	280.63	51.26	87.53	121.98
Tangible Book Value, 5 Yr. CAGR %	-	158.62	49.98	85.39	110.99
Common Equity, 5 Yr. CAGR %	-	158.62	49.98	85.39	117.79
Cash From Operations, 5 Yr. CAGR %	-	-	139.01	108.02	119.62
Capital Expenditures, 5 Yr. CAGR %	-	-	185.59	82.37	190.33
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	242.65	98.02	138.48
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	242.37	97.89	138.43