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MGX Resources Limited, together with its subsidiaries, engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China. Its flagship project is the Koolan Island mine site located in the Kimberley region of Western Australia. The company is also involved in treasury management, mineral resources acquisition, and investment activities. The company was formerly known as Mount Gibson Iron Limited and changed its name to MGX Resources Limited in November 2025. The company was incorporated in 1996 and is based in West Perth, Australia.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Mount Gibson Iron Ltd is an Australian miner producing high-grade hematite ore from coastal Western Australia operations for steelmaking markets. Long-term growth drivers include global steel demand, a premium for high-grade ore that may support margins, and scope for mine-life extension and operational optimisation. Investors may find exposure to a niche, higher-grade supplier appealing if commodity conditions and execution remain favourable.
Principal risks are iron-ore price volatility, operational and logistics disruption at island mines, regulatory and environmental constraints, and the potential need for capital to sustain or extend production.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| 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 | -29.77M | -70.24M | 52.45M | 30.45M | -248.24M |
| Net income | -30.17M | -82.19M | 6.43M | 5.18M | -174.12M |
| Selling general administrative | - | 18.60M | 19.00M | 16.59M | 16.67M |
| Selling and marketing expenses | - | 2.86M | 0.02M | - | - |
| Gross profit | -3.78M | 0.23M | 210.62M | 136.92M | -0.65M |
| Reconciled depreciation | - | - | 34.88M | 23.29M | 29.38M |
| Ebit | -19.77M | -98.42M | 55.89M | 107.74M | -63.15M |
| Ebitda | 2.21M | 4.50M | 90.77M | 131.03M | -33.77M |
| Depreciation and amortization | 21.98M | 102.92M | 34.88M | 23.29M | 29.38M |
| Operating income | -19.77M | -21.23M | 156.72M | 107.74M | -63.15M |
| Other operating expenses | 218.74M | 351.76M | 510.42M | 355.64M | 233.58M |
| Interest expense | 0.59M | 1.28M | 2.44M | 4.94M | 1.43M |
| Tax provision | - | 11.95M | 46.02M | 25.27M | -74.12M |
| Interest income | - | - | 16.80M | 2.03M | 1.97M |
| Net interest income | - | - | 12.40M | -4.10M | 0.24M |
| Income tax expense | 0.40M | 11.95M | 46.02M | 25.27M | -74.12M |
| Total revenue | 198.97M | 330.52M | 667.82M | 452.69M | 186.11M |
| Total operating expenses | 15.99M | 21.46M | 53.90M | 39.88M | 46.82M |
| Cost of revenue | 202.75M | 330.30M | 457.20M | 315.76M | 186.76M |
| Total other income expense net | -10.00M | -49.01M | -104.27M | -63.15M | -185.10M |
| Net income from continuing ops | - | - | 6.43M | 5.18M | -174.12M |
| Net income applicable to common shares | - | -82.19M | 6.43M | 5.18M | -174.12M |
| 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 | 491.70M | 582.67M | 667.73M | 676.94M | 690.27M |
| Other current assets | 3.00M | 10.86M | 26.42M | 8.44M | 14.46M |
| Total liab | 68.95M | 129.49M | 121.56M | 137.71M | 157.17M |
| Total stockholder equity | 422.76M | 453.18M | 546.17M | 539.23M | 533.10M |
| Other current liab | 56.16M | 46.96M | 42.81M | 9.12M | 74.61M |
| Common stock | 620.83M | 620.83M | 633.10M | 633.10M | 632.42M |
| Capital stock | - | - | - | 633.10M | 632.42M |
| Retained earnings | -1125.03M | -188.84M | -1012.67M | -1019.10M | -1024.28M |
| Other liab | - | - | - | 50.04M | 46.57M |
| Other assets | - | - | - | 56.10M | 73.01M |
| Cash | 49.65M | 49.06M | 36.26M | 55.04M | 77.58M |
| Total current liabilities | 58.50M | 68.69M | 60.55M | 75.82M | 106.88M |
| Current deferred revenue | - | - | - | 48.77M | - |
| Net debt | -49.07M | -43.77M | -24.41M | -31.99M | -65.70M |
| Short term debt | 0.32M | 5.07M | 9.14M | 11.19M | 8.15M |
| Short long term debt total | 0.57M | 5.29M | 11.85M | 23.05M | 11.88M |
| Other stockholder equity | - | - | - | 19.21M | 18.94M |
| Property plant equipment | - | - | - | 337.70M | 438.91M |
| Total current assets | 406.08M | 505.33M | 529.91M | 283.15M | 178.35M |
| Net tangible assets | - | - | - | 539.23M | 533.10M |
| Short term investments | 343.45M | 372.79M | 406.03M | 107.38M | 47.99M |
| Net receivables | 5.01M | 0.26M | 4.86M | 6.88M | 6.85M |
| Inventory | 4.98M | 32.39M | 56.35M | 105.42M | 31.46M |
| Accounts payable | 2.01M | 16.67M | 8.59M | 6.73M | 24.11M |
| Accumulated other comprehensive income | 926.96M | 21.19M | 925.74M | 925.23M | 924.96M |
| Non currrent assets other | 64.38M | - | 2.48M | 0.17M | 0.61M |
| Non current assets total | 85.62M | 77.33M | 137.82M | 393.79M | 511.92M |
| Capital lease obligations | - | - | - | 23.05M | 11.88M |
| Long term debt total | - | - | - | 11.85M | 3.72M |
| 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 | - | - | -335.03M | -129.28M | -7.90M |
| Change to liabilities | - | - | - | -12.86M | -50.00M |
| Total cashflows from investing activities | 9.17M | -59.84M | -335.03M | -129.28M | -7.90M |
| Net borrowings | - | - | -0.77M | -23.15M | -18.78M |
| Total cash from financing activities | -8.41M | -25.66M | -12.01M | -23.66M | -31.90M |
| Change to operating activities | - | - | - | 0.36M | -5.71M |
| Net income | -30.17M | -82.19M | 6.43M | 5.18M | -174.12M |
| Change in cash | 0.59M | 12.80M | -18.78M | 54.73M | 76.08M |
| Begin period cash flow | 49.06M | 36.26M | 55.04M | 0.31M | 1.50M |
| End period cash flow | 49.65M | 49.06M | 36.26M | 55.04M | 77.58M |
| Total cash from operating activities | -0.71M | 98.45M | 328.21M | 130.09M | -144.74M |
| Issuance of capital stock | - | - | - | 0.68M | - |
| Depreciation | 21.98M | 129.54M | 243.43M | 123.19M | 29.38M |
| Other cashflows from investing activities | 4.05M | 19.67M | 11.87M | -55.25M | 66.90M |
| Dividends paid | - | - | - | 0.00M | 12.16M |
| Change to inventory | -1.42M | 0.47M | 0.86M | -1.45M | 0.87M |
| Change to account receivables | -3.41M | 4.23M | 1.83M | 2.27M | 1.53M |
| Sale purchase of stock | - | -12.16M | 0.00M | 0.68M | 0.00M |
| Other cashflows from financing activities | -8.41M | -0.24M | -10.85M | 1.85M | -18.78M |
| Change to netincome | - | - | - | -48.41M | 9.42M |
| Capital expenditures | 30.18M | 64.27M | 60.34M | 74.03M | 217.94M |
| Change in working capital | -54.72M | 5.12M | 1.54M | 17.03M | 8.36M |
| Stock based compensation | - | 0.54M | 0.36M | - | - |
| Other non cash items | 62.20M | 45.45M | 76.45M | - | 144.74M |
| Free cash flow | -30.90M | 34.19M | 267.32M | 56.06M | -362.68M |
Sector: Basic Materials Industry: Steel
|
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) |
|---|---|---|---|---|---|---|---|---|
| MGX Mount Gibson Iron Ltd |
-0.01 1.69% |
0.29 | - | 8.80 | 1.67 | 0.80 | 0.01 | 0.51 |
| BSL Bluescope Steel Ltd |
-0.49 1.54% |
31.41 | 17.62 | 9.66 | 0.86 | 1.38 | 0.89 | 7.89 |
| SGM Sims Ltd |
-1.53 7.22% |
19.65 | 16.94 | 11.38 | 0.51 | 1.52 | 0.58 | 6.89 |
| BCI BCI Minerals Ltd |
-0.02 3.60% |
0.54 | 55.50 | 243.90 | 263.19 | 1.89 | 8.58 | 62.11 |
| CIA Champion Iron Ltd |
-0.01 0.48% |
2.06 | 207.00 | 68.49 | 0.70 | 0.61 | 1.34 | 7.78 |
MGX Resources Limited, together with its subsidiaries, engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China. Its flagship project is the Koolan Island mine site located in the Kimberley region of Western Australia. The company is also involved in treasury management, mineral resources acquisition, and investment activities. The company was formerly known as Mount Gibson Iron Limited and changed its name to MGX Resources Limited in November 2025. The company was incorporated in 1996 and is based in West Perth, Australia.
| Name | Title | Year Born |
|---|---|---|
| Mr. Peter W. Kerr B.Comm, CA, F.Fin, M.AusIMM, M.AICD | Chief Exec. Officer | NA |
| Ms. Gillian Dobson | Chief Financial Officer | NA |
| Mr. Mark Mitchell B.E. | Chief Operating Officer | NA |
| Mr. David J. Stokes A.C.I.S., L.L.B., B.Bus, LLB, ACIS | Company Sec. & Gen. Counsel | NA |
| John Phaceas | Mang. of Investor & External Relations | NA |
| J. Fitzgerald | Group Financial Controller | NA |
| Mr. Peter W. Kerr B.Comm, CA, F.Fin, M.AusIMM, M.AICD | Chief Executive Officer | NA |
| Mr. David J. Stokes A.C.I.S., B.Bus, L.L.B. | Company Secretary & General Counsel | NA |
| John Phaceas B.A. | Manager of Investor & External Relations | NA |
| Mr. Peter W. Kerr B.Comm, CA, F.Fin, M.AusIMM, M.AICD | Chief Executive Officer | 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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