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Alpha Hpa Ltd

Company price
0.37 AUD -0.04 ( 9.76%)
Last update at 2026-11-06T06:17:00Z
VOLUME
10174555
Market Cap
547.40M

Momentum Score

…

Alpha HPA Limited, an advanced material company, commercializes an application of solvent extraction to aluminium purification to produce ultra-high purity aluminium materials worldwide. It operates through HPA First and Alpha Sapphire segments. The company offers ultra-high purity alpha phase, gamma phase alumina, nano alumina, and pseudoboehmite powder; ultra-high purity alumina tablets; ultra-high purity aluminium nitrate A; aluminium nitrate nonahydrate; ultra-high purity alumina tri-hydrate; and synthetic sapphire material, as well as aluminium hydroxide. Its products are used in semiconductors, direct lithium extraction, lithium-ion batteries, pharmaceutical, LED lighting, and synthetic sapphire markets. The company was formerly known as Collerina Cobalt Limited and changed its name to Alpha HPA Limited in November 2018. Alpha HPA Limited was incorporated in 2003 and is based in Sydney, Australia.

Source: TradingView
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Day Price Range
0.36
Low
0.39
High
52 Week Price Range
0.33
Low
0.94
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public information on Alpha Hpa Ltd (A4N.AU) is limited and the company provides minimal operational disclosure in its ASX filings, so its core business and asset base are not clearly documented. Long-term growth would depend on successful commercialisation of any underlying technology or assets, access to financing and market adoption, factors that may make the stock of interest to investors seeking early-stage exposure while adding potential upside if milestones are met.
The most important risks are execution and financing risk typical of early-stage, lightly disclosed companies, together with product commercialisation, regulatory and dilution risks.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.41
Dividend Yield
-
Revenue TTM
0.75M
Revenue Per Share
0.00
Gross Profit TTM
-14.83M
Debt / Equity
0.07
ROE
-13.54%
Net Debt
-85.00M
ROCE
-10.36%
Diluted EPS TTM
-0.04

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax -45.56M -32.56M -31.16M -17.29M -9.36M
Net income -42.66M -32.56M -24.98M -15.68M -7.36M
Selling general administrative 27.02M 25.16M 16.01M 9.92M 3.94M
Selling and marketing expenses - 1.66M 0.43M 1.16M 0.06M
Gross profit -39.81M -3.01M -8.98M -0.98M -0.14M
Reconciled depreciation 5.44M 3.33M 1.96M 0.99M 0.15M
Ebit -47.22M -32.24M -24.76M -17.25M -14.38M
Ebitda -41.77M -28.91M -22.80M -16.26M -14.23M
Depreciation and amortization 5.44M 3.33M 1.96M 0.99M 0.15M
Operating income -47.22M -43.55M -26.36M -17.69M -14.34M
Other operating expenses 47.96M 43.87M 26.41M 17.71M 14.38M
Interest expense 0.28M 0.49M 0.25M 0.04M 0.02M
Tax provision 0.00M 0.00M 0.00M 0.00M 0.00M
Interest income 3.51M 6.76M 1.63M 0.43M 0.04M
Net interest income 3.10M 6.27M 1.38M 0.44M 0.02M
Income tax expense -2.90M -3.11M -6.18M -1.61M -2.00M
Total revenue 0.75M 0.32M 0.04M 0.02M 0.04M
Total operating expenses 7.41M 40.54M 17.38M 16.71M 14.20M
Cost of revenue 40.56M 3.33M 9.02M 1.00M 0.18M
Total other income expense net 1.66M 11.00M -4.80M 0.40M 5.02M
Net income from continuing ops -42.66M -32.56M -24.98M -15.68M -7.36M
Net income applicable to common shares - -32.56M -24.98M -15.68M -7.36M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 514.92M 283.37M 267.30M 67.11M 54.56M
Intangible assets 3.27M 3.52M 3.79M - -
Other current assets 26.32M 13.91M 1.12M 0.41M 0.24M
Total liab 88.65M 64.50M 20.12M 11.10M 7.69M
Total stockholder equity 411.09M 218.88M 247.17M 56.02M 46.87M
Other current liab 41.12M 42.23M 5.05M 1.97M -3.18M
Common stock 580.41M 352.72M 348.98M 127.76M 101.72M
Capital stock 580.41M 352.72M 348.98M 127.76M 101.72M
Retained earnings -180.53M -137.87M -105.16M -80.18M -64.50M
Other assets - - - 0.28M 0.21M
Cash 113.28M 102.04M 189.62M 20.59M 16.83M
Total current liabilities 59.24M 50.57M 14.44M 10.96M 7.37M
Current deferred revenue - - 5.91M 5.36M 5.36M
Net debt -85.00M -97.62M -186.15M -20.25M -16.29M
Short term debt 1.17M 4.08M 0.24M 0.21M 0.21M
Short long term debt - 3.53M 0.22M - -
Short long term debt total 28.27M 4.42M 3.47M 0.34M 0.54M
Other stockholder equity - - - 0.02M 0.02M
Property plant equipment - - - 37.84M 28.79M
Total current assets 201.73M 134.30M 201.43M 23.69M 20.24M
Long term investments 9.79M 8.80M 2.63M 5.58M 0.21M
Net tangible assets - - - 56.02M 46.87M
Short term investments 47.62M - - - 5.33M
Net receivables 10.06M 14.01M 7.98M 1.58M 3.15M
Long term debt - - 3.00M - -
Inventory 4.45M 4.34M 2.70M 1.11M 0.01M
Accounts payable 16.94M 4.26M 3.24M 3.42M 4.97M
Accumulated other comprehensive income 11.21M 4.03M 3.35M 8.44M 9.65M
Non currrent assets other 6.28M 11.25M 0.39M - -
Non current assets total 313.19M 149.07M 65.87M 43.42M 34.32M
Capital lease obligations 2.35M 0.88M 0.47M 0.34M 0.54M
Long term debt total - - - 0.13M 0.32M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments -48.64M -69.39M -25.13M -8.00M -31.14M
Change to liabilities - - - 0.69M 0.69M
Total cashflows from investing activities -202.60M -69.39M -25.13M -8.00M -31.14M
Net borrowings 27.00M - 1.00M -0.21M -0.10M
Total cash from financing activities 248.32M -0.37M 216.58M 23.07M 1.39M
Change to operating activities - - - -0.17M -0.06M
Net income -42.66M -32.56M -24.98M -15.68M -7.38M
Change in cash 11.24M -87.58M 169.03M 3.76M -33.51M
Begin period cash flow 102.04M 189.62M 20.59M 16.83M 50.34M
End period cash flow 113.28M 102.04M 189.62M 20.59M 16.83M
Total cash from operating activities -34.45M -18.24M -22.42M -11.29M -7.22M
Issuance of capital stock 231.84M - 223.97M 23.33M 1.50M
Depreciation 5.44M - 1.96M 0.99M 0.15M
Other cashflows from investing activities 12.50M 21.12M 0.31M 16.20M 0.05M
Change to inventory -0.12M -1.63M -1.59M - -
Change to account receivables -20.52M -9.79M -2.28M 0.42M -2.62M
Sale purchase of stock -8.43M -0.02M -8.18M -0.05M -0.01M
Other cashflows from financing activities -2.10M -0.35M -0.22M -0.21M -0.10M
Change to netincome - - - 2.45M 5.40M
Capital expenditures 166.46M 88.24M 23.22M 17.58M 11.53M
Change in working capital -2.93M 5.16M -4.58M 0.48M 0.04M
Stock based compensation - - 1.44M - -
Other non cash items 5.69M -23.39M 3.74M - 7.22M
Free cash flow -200.91M -106.48M -47.75M -28.87M -18.75M

Peer Comparison*

Sector: Basic Materials Industry: Aluminum

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
A4N
Alpha Hpa Ltd
-0.04
9.76%
0.37 - 263.16 731.40 1.24 467.99 -51.61
AAI
Alcoa Corporation
-3.37
5.68%
55.94 6.29 6.49 1.03 1.28 0.76 4.52
CAA
Capral Ltd
0.08
0.61%
13.16 6.06 5.68 0.30 0.80 0.28 3.40
AEM
Advanced Energy Minerals Ltd
-0.01
1.56%
0.32 - - 226.37 1.02 202.12 -
VBX
VBX Ltd
-
-%
0.46 - - 389.52 81.36 - -

Profile*

Alpha Hpa Ltd

Alpha HPA Limited, an advanced material company, commercializes an application of solvent extraction to aluminium purification to produce ultra-high purity aluminium materials worldwide. It operates through HPA First and Alpha Sapphire segments. The company offers ultra-high purity alpha phase, gamma phase alumina, nano alumina, and pseudoboehmite powder; ultra-high purity alumina tablets; ultra-high purity aluminium nitrate A; aluminium nitrate nonahydrate; ultra-high purity alumina tri-hydrate; and synthetic sapphire material, as well as aluminium hydroxide. Its products are used in semiconductors, direct lithium extraction, lithium-ion batteries, pharmaceutical, LED lighting, and synthetic sapphire markets. The company was formerly known as Collerina Cobalt Limited and changed its name to Alpha HPA Limited in November 2018. Alpha HPA Limited was incorporated in 2003 and is based in Sydney, Australia.

66 Hunter Street, Sydney, NSW, Australia, 2000

61 2 9300 3310

Name Title Year Born
Mr. Rimas Kairaitis MD, Technical Director & Director NA
Mr. Peter James Nightingale B.Econ, CA CFO & Director 1957
Mr. Robert Williamson Chief Operations Officer NA
Mr. Michael Corey Head of Exploration NA
Mr. Richard James Edwards BCom, CPA, FGIA, SA Fin Company Sec. NA
Mr. Rimas Kairaitis MD & Director NA
Mr. Robert Williamson COO & Executive Director NA
Melanie Dawson HR & H.S.E.Q Manager NA
Mr. Richard James Edwards BCom, CPA, FGIA, SA Fin Company Secretary NA
Mr. Rimas Kairaitis MD & Director NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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