Financials Vulcan Energy Resources Limited

Equities

Market Closed - Australian S.E. Other stock markets 04:10:27 16/01/26 pm AEDT			5-day change	1st Jan Change
4.420 ^AUD	-0.23%		-3.91%	+0.23%

06/01	ASX Biggest Gainers	MT
04/01	Vulcan Energy Resources Limited announced that it expects to receive funding from HOCHTIEF Aktiengesellschaft	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	-	0.4675	3.905	7.339	8.773	9.456	10.6	120.1
Change	-	-	735.39%	87.94%	19.53%	7.79%	12.13%	1,032.83%
EBITDA ¹	-	-7.856	-	-28.48	-37.46	-48.21	-51.41	106.4
Change	-	-	-	-	-31.53%	-28.7%	-6.64%	306.99%
EBIT ¹	-	-7.953	-	-34.83	-47.83	-65.79	-69.84	-5.8
Change	-	-	-	-	-37.32%	-37.55%	-6.16%	91.69%
Interest Paid ¹	-	-	-	3.664	1.855	-98.62	-95.15	-92.71
Earnings before Tax (EBT) ¹	-	-7.953	-	-31.17	-45.98	-100.1	-60.45	-94.74
Change	-	-	-	-	-47.52%	-117.69%	39.6%	-56.72%
Net income ¹	-2.547	-7.953	-	-29.17	-45.77	-85.21	-139.3	-122
Change	-	-212.23%	-	-	-56.88%	-86.18%	-63.44%	12.43%
Announcement Date	30/9/20	2/9/21	27/3/23	27/3/24	24/3/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-84.5	-	-85.2	-105	-642	71.6	962
Change	-	-	-	-	-23.24%	-512.21%	111.15%	1,243.58%
Announcement Date	30/9/20	2/9/21	27/3/23	27/3/24	24/3/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021	2023	2024	2025	2026	2027
CAPEX ¹	5.289	100.2	75.97	419.8	727	572
Change	-	-	-24.2%	452.53%	73.19%	-21.33%
Free Cash Flow (FCF) ¹	-7.392	-126.6	42.83	-408	-902.7	-510.6
Change	-	-	133.84%	-1,052.62%	-121.27%	43.43%
Announcement Date	2/9/21	27/3/24	24/3/25	-	-	-

¹AUD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-1,680.51%	-	-388.04%	-427.01%	-509.81%	-484.84%	88.59%
EBIT Margin (%)	-	-1,701.34%	-	-474.57%	-545.21%	-695.71%	-658.65%	-4.83%
EBT Margin (%)	-	-1,701.34%	-	-424.65%	-524.08%	-1,058.38%	-570.14%	-78.88%
Net margin (%)	-	-1,701.34%	-	-397.51%	-521.71%	-901.11%	-1,313.47%	-101.54%
FCF margin (%)	-	-1,581.28%	-	-1,724.36%	488.18%	-4,314.22%	-8,513.31%	-425.1%
FCF / Net Income (%)	-	92.94%	-	433.79%	-93.57%	478.77%	648.15%	418.67%
Profitability
ROA	-	-	-	-	-	-7%	-2%	-5%
ROE	-	-15.59%	-	-10.75%	-13.67%	-13.68%	-24.83%	-12.15%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-1.39x	9.04x
Debt / Free cash flow	-	-	-	-	-	-	-0.08x	-1.88x
Capital Intensity
CAPEX / Current Assets (%)	-	1,131.4%	-	1,365.65%	866.04%	4,439.2%	6,856.54%	476.18%
CAPEX / EBITDA (%)	-	-67.32%	-	-351.93%	-202.82%	-870.75%	-1,414.19%	537.51%
CAPEX / FCF (%)	-	-71.55%	-	-79.2%	177.4%	-102.9%	-80.54%	-112.02%
Items per share
Cash flow per share ¹	-	-0.0326	-	-0.2538	-0.2901	-2.12	-4.472	-4.472
Change	-	-	-	-	-14.3%	-630.88%	-110.94%	0%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	1.19	-	2.586	2.821	5.242	3.553	3.431
Change	-	-	-	-	9.09%	85.84%	-32.23%	-3.43%
EPS ¹	-0.0737	-0.1232	-0.1461	-0.282	-0.3959	-0.418	-0.226	-0.209
Change	-	-67.16%	-18.6%	-92.98%	-40.42%	-5.57%	45.93%	7.52%
Nbr of stocks (in thousands)	78,934	131,542	143,435	172,073	214,528	477,871	477,871	477,871
Announcement Date	30/9/20	2/9/21	27/3/23	27/3/24	24/3/25	-	-	-