Cash flow Vulcan Energy Resources Limited

Stocks

VUL

AU0000066086

Specialty Mining & Metals

Market Closed - Australian S.E. Other stock markets 04:10:11 14/07/26 pm AEST			5-day change	1st Jan Change
2.760 ^AUD	+0.73%		-9.51%	-37.41%

29/05	Vulcan Energy Resources Closes on Financing Deal for EUR2.2 Billion Lionheart Project	MT
29/05	ASX Biggest Gainers	MT

207940227b98dd.jd1phWJpxoRubm9bt68c_EODR2XM3SNSEPP9tN50oaU.25ADshMqov5XJw1ixpwxjwTuPw2J7GcqeZeO-5o-4NH-sgfRKzil3R0FAA

Published financial data: VULCAN ENERGY RESOURCES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Revenues	-	14.22M	25.66M	20.68M	7.35M
Total Revenues	-	14.22M	25.66M	20.68M	7.35M
Cost of Goods Sold, Total	-	6.24M	2.59M	750K	2.96M
Gross Profit	-	7.98M	23.07M	19.93M	4.4M
Selling General & Admin Expenses, Total	3.49M	25.7M	30.17M	37.46M	18.48M
Stock-Based Compensation (IS)	6.86M	1.87M	1.69M	851K	4.56M
Depreciation & Amortization - (IS)	132K	4.6M	5.87M	9.6M	13.39M
Impairment of Oil, Gas & Mineral Properties - (IS)	229K	-	-	-	7.76M
Other Operating Expenses	-340K	2.47M	20.1M	17.65M	23.04M
Other Operating Expenses, Total	10.37M	34.64M	57.83M	65.56M	67.23M
Operating Income	-10.37M	-26.65M	-34.76M	-45.63M	-62.83M
Interest Expense, Total	-	-354K	-172K	-173K	-417K
Interest And Investment Income	121K	1.23M	3.56M	1.89M	2.82M
Net Interest Expenses	121K	876K	3.39M	1.72M	2.41M
Income (Loss) On Equity Invest.	-	-498K	-456K	-92K	-
Currency Exchange Gains (Loss)	76.04K	-210K	299K	1.46M	-5.84M
Other Non Operating Income (Expenses)	-572K	-620K	-	-	-1.41M
EBT, Excl. Unusual Items	-10.74M	-27.11M	-31.53M	-42.55M	-67.68M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-36K	-1.04M	-	-
Gain (Loss) On Sale Of Investments	-	-	3.87M	-	-
Gain (Loss) On Sale Of Assets	-	1.98M	-	-	-
Asset Writedown	-	-	-104K	-	-
EBT, Incl. Unusual Items	-10.74M	-27.11M	-28.8M	-42.55M	-67.68M
Income Tax Expense	-	-206K	-1.84M	-192K	1.9M
Earnings From Continuing Operations	-10.74M	-26.9M	-26.96M	-42.36M	-69.58M
Net Income to Company	-10.74M	-26.9M	-26.96M	-42.36M	-69.58M
Net Income - (IS)	-10.74M	-26.9M	-26.96M	-42.36M	-69.58M
Net Income to Common Incl Extra Items	-10.74M	-26.9M	-26.96M	-42.36M	-69.58M
Net Income to Common Excl. Extra Items	-10.74M	-26.9M	-26.96M	-42.36M	-69.58M
Per Share Items
Net EPS - Basic	-0.12	-0.19	-0.17	-0.23	-0.3
Basic EPS - Continuing Operations	-0.12	-0.19	-0.17	-0.23	-0.3
Basic Weighted Average Shares Outstanding	87.2M	143M	159M	182M	235M
Net EPS - Diluted	-0.12	-0.19	-0.17	-0.23	-0.3
Diluted EPS - Continuing Operations	-0.12	-0.19	-0.17	-0.23	-0.3
Diluted Weighted Average Shares Outstanding	87.2M	143M	159M	182M	235M
Normalized Basic EPS	-0.08	-0.12	-0.12	-0.15	-0.18
Normalized Diluted EPS	-0.08	-0.12	-0.12	-0.15	-0.18
Supplemental Items
EBITDA	-10.04M	-22.87M	-30.94M	-37.59M	-43.41M
EBITA	-10.37M	-25.52M	-34.11M	-45.49M	-62.69M
EBIT	-10.37M	-26.65M	-34.76M	-45.63M	-62.83M
EBITDAR	-9.98M	-10.17M	-	-	-41.63M
Effective Tax Rate - (Ratio)	-	0.76	6.39	0.45	-2.8
Current Foreign Taxes	-	-	-	57K	393K
Total Current Taxes	-	-738K	106K	57K	393K
Deferred Foreign Taxes	-	-	-	-249K	1.5M
Total Deferred Taxes	-	532K	-1.95M	-249K	1.5M
Normalized Net Income	-6.72M	-16.94M	-19.71M	-26.59M	-42.3M
Interest on Long-Term Debt	-	62K	172K	173K	417K
Supplemental Operating Expense Items
General and Administrative Expenses	2.81M	6.98M	-	-	-
Net Rental Expense, Total	55.93K	1.26M	-	-	1.78M
Imputed Operating Lease Interest Expense	-	-	-	-	266K
Imputed Operating Lease Depreciation	-	-	-	-	1.52M
Stock-Based Comp., Other (Total)	6.86M	1.87M	1.69M	851K	4.56M
Total Stock-Based Compensation	6.86M	1.87M	1.69M	851K	4.56M

Fiscal Period: December	2021	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Cash And Equivalents	115M	134M	78.73M	97.05M	518M
Total Cash And Short Term Investments	115M	134M	78.73M	97.05M	518M
Accounts Receivable, Total	-	1.3M	725K	1.03M	856K
Other Receivables	779K	4.02M	4.62M	7.16M	4.08M
Notes Receivable	-	-	-	-	-
Total Receivables	779K	5.32M	5.35M	8.2M	4.94M
Inventory	-	155K	327K	137K	338K
Prepaid Expenses	-	1.03M	712K	615K	553K
Other Current Assets, Total	419K	-	958K	3.71M	5.09M
Total Current Assets	116M	141M	86.07M	110M	529M
Gross Property Plant And Equipment	15.69M	104M	200M	269M	395M
Accumulated Depreciation	-22.35K	-593K	-9.03M	-14.88M	-27.37M
Net Property Plant And Equipment	15.67M	103M	191M	254M	368M
Long-term Investments	-	974K	2.67M	1.43M	8.49M
Goodwill	-	1.04M	0	0	-
Other Intangibles, Total	173K	2.41M	2.31M	4.22M	6.4M
Deferred Tax Assets Long-Term	-	1.68M	3.21M	3.57M	7.48M
Deferred Charges Long-Term	-	-	-	6.45M	37.43M
Other Long-Term Assets, Total	-	-	11.78M	1.76M	851K
Total Assets	132M	250M	297M	381M	957M
Liabilities
Accounts Payable, Total	1.44M	6.48M	9.51M	11.49M	4.53M
Accrued Expenses, Total	590K	2.22M	7.38M	7.15M	18.45M
Short-term Borrowings	-	-	-	-	10.22M
Current Portion of Leases	62.39K	646K	1.09M	771K	1.95M
Current Income Taxes Payable	-	91K	113K	57K	337K
Unearned Revenue Current, Total	-	132K	-	2.11M	-
Other Current Liabilities	168K	1.47M	2.7M	1.3M	16.96M
Total Current Liabilities	2.26M	11.04M	20.78M	22.87M	52.45M
Long-Term Leases	497K	2.67M	3.32M	3.08M	28.66M
Unearned Revenue Non Current	-	1.45M	2.82M	-	-
Deferred Tax Liability Non Current	-	1.7M	1.41M	1.54M	6.98M
Other Non Current Liabilities	-	110K	264K	1.99M	11.96M
Total Liabilities	2.76M	16.97M	28.6M	29.48M	100M
Common Stock, Total	137M	259M	324M	454M	1.02B
Retained Earnings	-15.42M	-41.87M	-68.84M	-111M	-181M
Comprehensive Income and Other	7.9M	15.88M	13.38M	9.08M	13.7M
Total Common Equity	129M	233M	268M	352M	857M
Minority Interest	-	-	-	19K	-
Total Equity	129M	233M	268M	352M	857M
Total Liabilities And Equity	132M	250M	297M	381M	957M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	109M	143M	172M	218M	478M
ECS Total Common Shares Outstanding	108M	143M	172M	215M	478M
Book Value / Share	1.19	1.63	1.56	1.64	1.79
Tangible Book Value	129M	230M	266M	347M	851M
Tangible Book Value Per Share	1.19	1.6	1.55	1.62	1.78
Total Debt	559K	3.32M	4.41M	3.85M	40.83M
Net Debt	-114M	-131M	-74.32M	-93.2M	-477M
Debt Equivalent Oper. Leases	447K	3.98M	-	-	14.27M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	19K	-
Equity Method Investments, Total	-	974K	124K	-	-
Account Code - Inventory Valuation	3	5	5	5	5
Inventories - Others	-	155K	327K	137K	338K
Land - (BS)	-	1.54M	4.83M	4.88M	19.59M
Machinery, Total	564K	27.41M	32.61M	97.01M	132M
Full Time Employees	-	184	371	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	34K	-	67K	10K

Fiscal Period: December	2021	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	-10.74M	-26.9M	-26.96M	-42.36M	-69.58M
Depreciation & Amortization - CF	127K	3.43M	5.16M	9.12M	13M
Amortization of Goodwill and Intangible Assets - (CF)	-	1.13M	656K	142K	143K
Impairment of Oil, Gas & Mineral Properties - (CF)	229K	-	-	-	7.76M
Depreciation & Amortization, Total	356K	4.56M	5.81M	9.26M	20.91M
Amortization of Deferred Charges, Total - (CF)	4.3K	42K	56K	339K	238K
(Gain) Loss From Sale Of Asset	-	-1.98M	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-3.87M	-	-
Asset Writedown & Restructuring Costs	-	36K	1.14M	-	-
(Income) Loss On Equity Investments - (CF)	-	498K	456K	92K	-
Stock-Based Compensation (CF)	6.86M	1.87M	1.69M	851K	4.56M
Provision and Write-off of Bad Debts	-	-	-	67K	-58K
Other Operating Activities, Total	-	788K	-	-1.44M	5.6M
Change In Accounts Receivable	-113K	-2.08M	-787K	-1.12M	-3.75M
Change In Accounts Payable	725K	6.68M	-1.7M	5.36M	-5.45M
Change in Unearned Revenues	-	-	-	-708K	-2.11M
Change In Deferred Taxes	-	-	-1.82M	-287K	1.14M
Change in Other Net Operating Assets	73.88K	-288K	1.66M	-739K	769K
Cash from Operations	-2.84M	-14.84M	-24.33M	-30.68M	-47.73M
Capital Expenditure	-7.15M	-61.05M	-92.63M	-70.31M	-50.23M
Cash Acquisitions	-	-31.46M	-115K	-371K	-16.04M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-2.49M	287K	-2.75M	515K
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-2.55M	-601K
Cash from Investing	-7.15M	-63.54M	-92.46M	-75.98M	-66.35M
Long-Term Debt Repaid, Total	-22.89K	-462K	-1.82M	-1.2M	-1.45M
Total Debt Repaid	-22.89K	-924K	-1.82M	-1.2M	-1.45M
Issuance of Common Stock	124M	176M	67.35M	134M	586M
Other Financing Activities, Total	-6.14M	-3.97M	-2.77M	-7.69M	-44.57M
Cash from Financing	118M	-924K	62.76M	125M	540M
Foreign Exchange Rate Adjustments	2.76K	-3.32M	-1.34M	-159K	-5.3M
Net Change in Cash	108M	-82.62M	-55.38M	18.33M	421M
Supplemental Items
Cash Interest Paid	6.75K	478K	172K	173K	711K
Cash Income Tax Paid (Refund)	-	-	546K	100K	15K
Levered Free Cash Flow	-5.51M	-33.45M	-99.2M	-91.4M	-44.13M
Unlevered Free Cash Flow	-5.51M	-33.45M	-99.1M	-91.29M	-43.87M
Change In Net Working Capital	-897K	-4.41M	-7.71M	2.91M	-19.92M
Net Debt Issued / Repaid	-22.89K	-924K	-1.82M	-1.2M	-1.45M

Fiscal Period: December	2021	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	-9.2	-7.22	-7.94	-8.41	-5.88
Return on Total Capital	-9.36	-7.49	-8.53	-9.08	-6.27
Return On Equity %	-15.59	-11.46	-10.75	-13.67	-11.51
Return on Common Equity	-15.59	-11.46	-10.75	-13.67	-11.51
Margin Analysis
Gross Profit Margin %	-	56.14	89.89	96.37	59.8
SG&A Margin	-	180.72	117.58	181.15	251.47
EBITDA Margin %	-	-160.79	-120.56	-181.78	-590.64
EBITA Margin %	-	-179.47	-132.92	-219.97	-852.91
EBIT Margin %	-	-187.41	-135.48	-220.66	-854.86
Income From Continuing Operations Margin %	-	-189.14	-105.08	-204.84	-946.6
Net Income Margin %	-	-189.14	-105.08	-204.84	-946.6
Net Avail. For Common Margin %	-	-189.14	-105.08	-204.84	-946.6
Normalized Net Income Margin	-	-119.12	-76.81	-128.6	-575.49
Levered Free Cash Flow Margin	-	-446.33	-386.61	-442.01	-600.46
Unlevered Free Cash Flow Margin	-	-446.33	-386.19	-441.49	-596.91
Asset Turnover
Asset Turnover	-	0.04	0.09	0.06	0.01
Fixed Assets Turnover	-	0.18	0.17	0.09	0.02
Receivables Turnover (Average Receivables)	-	-	25.29	23.53	7.78
Inventory Turnover (Average Inventory)	-	-	10.76	3.23	12.44
Short Term Liquidity
Current Ratio	51.22	12.74	4.14	4.8	10.08
Quick Ratio	51.03	12.63	4.04	4.6	9.97
Operating Cash Flow to Current Liabilities	-1.26	-1.34	-1.17	-1.34	-0.91
Days Sales Outstanding (Average Receivables)	-	-	14.43	15.56	46.9
Days Outstanding Inventory (Average Inventory)	-	-	33.92	113.22	29.34
Average Days Payable Outstanding	-	-	1.06K	6.86K	926.49
Cash Conversion Cycle (Average Days)	-	-	-1.01K	-6.73K	-850.25
Long Term Solvency
Total Debt/Equity	0.43	1.42	1.64	1.1	4.76
Total Debt / Total Capital	0.43	1.4	1.62	1.08	4.55
LT Debt/Equity	0.38	1.15	1.24	0.88	3.34
Long-Term Debt / Total Capital	0.38	1.13	1.22	0.87	3.19
Total Liabilities / Total Assets	2.09	6.79	9.63	7.74	10.46
EBIT / Interest Expense	-	-75.29	-202.11	-263.76	-150.68
EBITDA / Interest Expense	-	-62.42	-168.31	-210.24	-100.54
(EBITDA - Capex) / Interest Expense	-	-234.87	-706.87	-616.68	-220.99
Total Debt / EBITDA	-0.06	-0.15	-0.15	-0.11	-0.97
Net Debt / EBITDA	11.4	5.92	2.57	2.56	11.38
Total Debt / (EBITDA - Capex)	-0.03	-0.04	-0.04	-0.04	-0.44
Net Debt / (EBITDA - Capex)	6.65	1.57	0.61	0.87	5.18
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	112.15	-19.41	-9.47
Gross Profit, 1 Yr. Growth %	-	-	226.82	-13.6	-40.36
EBITDA, 1 Yr. Growth %	235.41	179.29	48.79	21.51	15.48
EBITA, 1 Yr. Growth %	216.32	199.11	39.05	33.37	37.81
EBIT, 1 Yr. Growth %	216.32	206.49	38.53	31.26	37.7
Earnings From Cont. Operations, 1 Yr. Growth %	202.38	180.27	3.61	57.1	64.25
Net Income, 1 Yr. Growth %	202.38	180.27	3.61	57.1	64.25
Normalized Net Income, 1 Yr. Growth %	215.71	203.67	22.95	34.93	59.06
Diluted EPS Before Extra, 1 Yr. Growth %	67.18	96.04	-10.13	36.89	28.91
Accounts Receivable, 1 Yr. Growth %	-	-	-44.4	42.48	-17.13
Inventory, 1 Yr. Growth %	-	-	110.97	-58.1	146.72
Net Property, Plant and Equip., 1 Yr. Growth %	512.74	653.61	84.55	33.04	44.79
Total Assets, 1 Yr. Growth %	1.35K	213.62	18.69	28.34	152.34
Tangible Book Value, 1 Yr. Growth %	1.35K	198.99	15.79	30.58	144.89
Common Equity, 1 Yr. Growth %	1.35K	203.38	15.06	31.03	143.77
Cash From Operations, 1 Yr. Growth %	113.29	538.19	79.01	26.09	55.59
Capital Expenditures, 1 Yr. Growth %	492.58	619.36	107.09	-24.09	-28.57
Levered Free Cash Flow, 1 Yr. Growth %	500.67	870.82	-	-7.86	-51.72
Unlevered Free Cash Flow, 1 Yr. Growth %	500.67	870.82	-	-7.87	-51.94
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	30.76	-46.48
Gross Profit, 2 Yr. CAGR %	-	-	-	68.04	-56.35
EBITDA, 2 Yr. CAGR %	331.48	198.39	-	34.46	18.46
EBITA, 2 Yr. CAGR %	254.16	199.77	-	36.18	35.57
EBIT, 2 Yr. CAGR %	254.16	203.44	-	34.85	34.44
Earnings From Cont. Operations, 2 Yr. CAGR %	258.36	183.71	-	27.58	60.64
Net Income, 2 Yr. CAGR %	258.36	183.71	-	27.58	60.64
Normalized Net Income, 2 Yr. CAGR %	258.36	201.76	-	28.8	46.5
Diluted EPS Before Extra, 2 Yr. CAGR %	116.04	76.43	-	10.92	32.84
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-11	8.66
Inventory, 2 Yr. CAGR %	-	-	-	-5.99	1.67
Net Property, Plant and Equip., 2 Yr. CAGR %	445.77	565.56	-	56.69	38.79
Total Assets, 2 Yr. CAGR %	480.46	559.56	-	23.42	79.54
Tangible Book Value, 2 Yr. CAGR %	482.75	545.18	-	22.96	78.83
Common Equity, 2 Yr. CAGR %	483.14	549.84	-	22.79	78.72
Cash From Operations, 2 Yr. CAGR %	180.34	259.51	-	50.24	40.07
Capital Expenditures, 2 Yr. CAGR %	303.84	536.31	-	25.38	-26.36
Levered Free Cash Flow, 2 Yr. CAGR %	238.55	643.77	-	-	-33.3
Unlevered Free Cash Flow, 2 Yr. CAGR %	238.55	643.77	-	-	-33.46
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	-	-15.3
Gross Profit, 3 Yr. CAGR %	-	-	-	-	-14.61
EBITDA, 3 Yr. CAGR %	-	266.98	-	-	27.81
EBITA, 3 Yr. CAGR %	168.77	229.06	-	-	36.72
EBIT, 3 Yr. CAGR %	168.77	231.75	-	-	35.79
Earnings From Cont. Operations, 3 Yr. CAGR %	151.73	224.55	-	-	38.79
Net Income, 3 Yr. CAGR %	151.73	224.55	-	-	38.79
Normalized Net Income, 3 Yr. CAGR %	151.73	233.34	-	-	38.19
Diluted EPS Before Extra, 3 Yr. CAGR %	24.45	105.6	-	-	16.62
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-13.09
Inventory, 3 Yr. CAGR %	-	-	-	-	29.68
Net Property, Plant and Equip., 3 Yr. CAGR %	246.83	499.38	-	-	52.62
Total Assets, 3 Yr. CAGR %	207.77	366.21	-	-	56.4
Tangible Book Value, 3 Yr. CAGR %	206.68	360.05	-	-	54.71
Common Equity, 3 Yr. CAGR %	206.82	362.5	-	-	54.32
Cash From Operations, 3 Yr. CAGR %	51.12	262.47	-	-	52
Capital Expenditures, 3 Yr. CAGR %	204.44	381.21	-	-	3.94
Levered Free Cash Flow, 3 Yr. CAGR %	-	372.61	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	372.61	-	-	-