Cash flow Image Resources NL

Equities

IMA

AU000000IMA1

Diversified Mining

Market Closed - Australian S.E. Other stock markets 11:40:01 15/05/2026 am IST			5-day change	1st Jan Change
0.0390 ^AUD	0.00%		-2.50%	-30.36%

31/03	Image Resources NL Reports Earnings Results for the Full Year Ended December 31, 2025	CI
26/03	Image Resources Says Desktop Study At Western Australia Gold Project Completed, Shares Fall 6%	MT

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Published financial data: IMAGE RESOURCES NL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	18Cr	17Cr	12Cr	-	8.07Cr
Other Revenues, Total	-	-	-	-	-
Total Revenues	18Cr	17Cr	12Cr	-	8.07Cr
Cost of Goods Sold, Total	12Cr	12Cr	9.99Cr	-	8.06Cr
Gross Profit	5.58Cr	4.99Cr	1.93Cr	-	2L
Selling General & Admin Expenses, Total	2.52Cr	2.24Cr	1.44Cr	67.39L	1.61Cr
Exploration / Drilling Costs, Total	35.49L	53.3L	41.73L	15.68L	18.73L
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses	-86T	-1L	6L	67.92L	12.74L
Other Operating Expenses, Total	2.87Cr	2.76Cr	1.92Cr	1.51Cr	1.92Cr
Operating Income	2.71Cr	2.22Cr	22T	-1.51Cr	-1.9Cr
Interest Expense, Total	-9L	-14.36L	-13.64L	-4L	-34.42L
Interest And Investment Income	27T	58T	10.48L	14.78L	3L
Net Interest Expenses	-9L	-13.78L	-3L	11.19L	-31.88L
Currency Exchange Gains (Loss)	14.29L	18.1L	-1L	6L	23.63L
Other Non Operating Income (Expenses)	-3L	-11.03L	-19.53L	-97T	-66T
EBT, Excl. Unusual Items	2.73Cr	2.16Cr	-23.88L	-1.35Cr	-1.99Cr
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-22.3L	-	-5.22Cr
EBT, Incl. Unusual Items	2.73Cr	2.16Cr	-46.18L	-1.35Cr	-7.21Cr
Income Tax Expense	79.38L	63.93L	89T	-40.58L	1.09Cr
Earnings From Continuing Operations	1.94Cr	1.52Cr	-47.07L	-94.14L	-8.3Cr
Net Income to Company	1.94Cr	1.52Cr	-47.07L	-94.14L	-8.3Cr
Net Income - (IS)	1.94Cr	1.52Cr	-47.07L	-94.14L	-8.3Cr
Net Income to Common Incl Extra Items	1.94Cr	1.52Cr	-47.07L	-94.14L	-8.3Cr
Net Income to Common Excl. Extra Items	1.94Cr	1.52Cr	-47.07L	-94.14L	-8.3Cr
Per Share Items
Net EPS - Basic	0.02	0.01	-0	-0.01	-0.07
Basic EPS - Continuing Operations	0.02	0.01	-0	-0.01	-0.07
Basic Weighted Average Shares Outstanding	100Cr	106.01Cr	108.3Cr	110.51Cr	111.27Cr
Net EPS - Diluted	0.02	0.01	-0	-0.01	-0.07
Diluted EPS - Continuing Operations	0.02	0.01	-0	-0.01	-0.07
Diluted Weighted Average Shares Outstanding	104.19Cr	107.8Cr	108.75Cr	110.51Cr	111.27Cr
Normalized Basic EPS	0.02	0.01	-0	-0.01	-0.01
Normalized Diluted EPS	0.02	0.01	-0	-0.01	-0.01
Dividend Per Share	0.02	-	-	-	-
Payout Ratio	98.15	84.19	-20.82	-	-
Supplemental Items
EBITDA	6.61Cr	5.79Cr	2.22Cr	70.45L	1.32Cr
EBITA	2.71Cr	2.22Cr	22T	-1.51Cr	-1.9Cr
EBIT	2.71Cr	2.22Cr	22T	-1.51Cr	-1.9Cr
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	29.05	29.65	-1.93	30.12	-15.13
Current Domestic Taxes	79.38L	1.17Cr	58.73L	-34.61L	-
Total Current Taxes	79.38L	1.17Cr	58.73L	-34.61L	-
Deferred Domestic Taxes	-	-52.76L	-57.84L	-6L	1.09Cr
Total Deferred Taxes	-	-52.76L	-57.84L	-6L	1.09Cr
Normalized Net Income	1.71Cr	1.35Cr	-14.92L	-84.2L	-1.25Cr
Interest on Long-Term Debt	9L	14.36L	13.64L	16T	2L
Supplemental Operating Expense Items
Selling and Marketing Expenses	2.03Cr	1.6Cr	67.42L	-	80.39L
General and Administrative Expenses	49.86L	63.85L	76.83L	67.39L	80.19L
Exploration/Drilling Costs	35.49L	53.3L	41.73L	15.68L	18.73L
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	67T	-	-	5L	10.87L
Total Stock-Based Compensation	67T	-	-	5L	10.87L

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	7.98Cr	5.35Cr	4.62Cr	1.99Cr	76.87L
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	7.98Cr	5.35Cr	4.62Cr	1.99Cr	76.87L
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	12.33L	10L	16.6L	13.94L	5L
Notes Receivable	17.27L	10.12L	28.62L	15.32L	-
Total Receivables	29.6L	19.91L	45.22L	29.26L	5L
Inventory	2.17Cr	2.8Cr	20.77L	20.6L	96.55L
Prepaid Expenses	9L	9L	9L	8L	7L
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	1L	1L	1L	3L	3L
Other Current Assets, Total	18T	4L	-	-	73.07L
Total Current Assets	11Cr	8.48Cr	5.38Cr	2.61Cr	2.62Cr
Gross Property Plant And Equipment	17Cr	24Cr	25Cr	23Cr	21Cr
Accumulated Depreciation	-9.73Cr	-13Cr	-16Cr	-8.79Cr	-12Cr
Net Property Plant And Equipment	6.9Cr	11Cr	9.91Cr	14Cr	9.1Cr
Long-term Investments	33T	26T	21T	27T	37T
Loans Receivable Long-Term	45.96L	46.32L	23.43L	-	-
Deferred Tax Assets Long-Term	-	45.34L	1.04Cr	1.09Cr	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	18Cr	20Cr	17Cr	18Cr	12Cr
Liabilities
Accounts Payable, Total	1.04Cr	1.07Cr	26.88L	76.11L	88.04L
Accrued Expenses, Total	1.01Cr	1.08Cr	26.32L	52.85L	72.14L
Short-term Borrowings	-	-	-	86.59L	1.71Cr
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	1L	1L	1L	2L	14.17L
Current Income Taxes Payable	1.11Cr	86.22L	-	-	-
Other Current Liabilities	85T	1.21Cr	37.16L	1L	17.26L
Total Current Liabilities	3.18Cr	4.24Cr	91.47L	2.19Cr	3.63Cr
Long-Term Debt	-	-	-	-	-
Long-Term Leases	2L	89T	-	10.2L	14.39L
Deferred Tax Liability Non Current	7L	-	-	-	-
Other Non Current Liabilities	3.56Cr	4.24Cr	4.58Cr	5.72Cr	6.48Cr
Total Liabilities	6.83Cr	8.49Cr	5.49Cr	8.01Cr	10Cr
Common Stock, Total	11Cr	13Cr	13Cr	12Cr	12Cr
Retained Earnings	-55.7L	-1.12Cr	-1.56Cr	-2.5Cr	-11Cr
Comprehensive Income and Other	24.74L	31T	-6L	-2L	6L
Total Common Equity	11Cr	12Cr	11Cr	9.81Cr	1.46Cr
Total Equity	11Cr	12Cr	11Cr	9.81Cr	1.46Cr
Total Liabilities And Equity	18Cr	20Cr	17Cr	18Cr	12Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	101.09Cr	108.37Cr	107.03Cr	111.34Cr	110.69Cr
ECS Total Common Shares Outstanding	101.26Cr	108.42Cr	108.12Cr	111.39Cr	110.69Cr
Book Value / Share	0.11	0.11	0.1	0.09	0.01
Tangible Book Value	11Cr	12Cr	11Cr	9.81Cr	1.46Cr
Tangible Book Value Per Share	0.11	0.11	0.1	0.09	0.01
Total Debt	3L	2L	1L	98.84L	2Cr
Net Debt	-7.95Cr	-5.33Cr	-4.61Cr	-1.01Cr	1.23Cr
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	24.59L	32.2L	-	-	11.94L
Inventories - Finished Goods, Total	1.75Cr	2.27Cr	-	-	61.71L
Inventories - Others	17.74L	20.63L	20.77L	20.6L	22.9L
Land - (BS)	2.06Cr	2.61Cr	2.18Cr	2.18Cr	-
Machinery, Total	5.69Cr	6.77Cr	7.94Cr	7.67Cr	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.94Cr	1.52Cr	-47.07L	-94.14L	-8.3Cr
Depreciation & Amortization - CF	3.92Cr	3.58Cr	2.24Cr	2L	3.37Cr
Depreciation & Amortization, Total	3.92Cr	3.58Cr	2.24Cr	2L	3.37Cr
(Gain) Loss From Sale Of Asset	-2T	-3T	1T	3T	31T
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	22.3L	-	5.22Cr
Stock-Based Compensation (CF)	67T	-	-	5L	10.87L
Other Operating Activities, Total	84.56L	-26.56L	-1.11Cr	16.96L	-32.64L
Change In Accounts Receivable	1.1Cr	3L	6L	-5L	8L
Change In Inventories	-12.98L	-62.11L	2.59Cr	17T	-77.06L
Change In Accounts Payable	-13.4L	10.51L	-1.61Cr	-16.18L	1.42Cr
Change in Other Net Operating Assets	-7L	-66.44L	-52.15L	28.25L	-7L
Cash from Operations	7.47Cr	3.68Cr	1.41Cr	-63.03L	72.82L
Capital Expenditure	-1.14Cr	-5.49Cr	-1.99Cr	-2.81Cr	-4.39Cr
Sale of Property, Plant, and Equipment	4T	3T	-	-	7T
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-85T	-2L	-	-2L	-
Cash from Investing	-1.15Cr	-5.51Cr	-1.99Cr	-2.83Cr	-4.39Cr
Long-Term Debt Issued, Total	-	-	-	80.16L	2.48Cr
Total Debt Issued	-	-	-	80.16L	2.48Cr
Long-Term Debt Repaid, Total	-1.72Cr	-	-	-3L	-9L
Total Debt Repaid	-1.72Cr	-	-	-3L	-9L
Issuance of Common Stock	9L	45.25L	-	-	-
Common Dividends Paid	-1.9Cr	-1.28Cr	-10L	-	-
Common & Preferred Stock Dividends Paid	-1.9Cr	-1.28Cr	-10L	-	-
Other Financing Activities, Total	-15T	-27T	-	-	-
Cash from Financing	-3.53Cr	-82.72L	-10L	77.34L	2.39Cr
Foreign Exchange Rate Adjustments	11.35L	2L	-5L	6L	4L
Net Change in Cash	2.91Cr	-2.64Cr	-72.58L	-2.63Cr	-1.23Cr
Supplemental Items
Cash Interest Paid	11.47L	12.58L	16.16L	3L	7L
Cash Income Tax Paid (Refund)	14.86L	1.41Cr	1.58Cr	-47.75L	-
Levered Free Cash Flow	6.13Cr	-10.64L	-77.54L	-3.16Cr	-3.08Cr
Unlevered Free Cash Flow	6.19Cr	-2L	-69.01L	-3.14Cr	-2.86Cr
Change In Net Working Capital	-1.71Cr	-50.27L	94.39L	-54.29L	76.12L
Net Debt Issued / Repaid	-1.72Cr	-	-	77.34L	2.39Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.64	7.31	0.01	-5.49	-8.06
Return on Total Capital	14.27	12.21	0.01	-8.63	-16.69
Return On Equity %	17.66	13.36	-4.15	-9.02	-147.31
Return on Common Equity	17.66	13.36	-4.15	-9.02	-147.31
Margin Analysis
Gross Profit Margin %	31.18	29.07	16.17	-	0.2
SG&A Margin	14.11	13.07	12.11	-	19.89
EBITDA Margin %	36.98	33.75	18.61	-	16.35
EBITA Margin %	15.13	12.96	0.02	-	-23.58
EBIT Margin %	15.13	12.96	0.02	-	-23.58
Income From Continuing Operations Margin %	10.84	8.84	-3.95	-	-102.82
Net Income Margin %	10.84	8.84	-3.95	-	-102.82
Net Avail. For Common Margin %	10.84	8.84	-3.95	-	-102.82
Normalized Net Income Margin	9.55	7.86	-1.25	-	-15.43
Levered Free Cash Flow Margin	34.28	-0.62	-6.51	-	-38.15
Unlevered Free Cash Flow Margin	34.6	-0.1	-5.79	-	-35.48
Asset Turnover
Asset Turnover	1.02	0.9	0.65	-	0.55
Fixed Assets Turnover	2.36	1.95	1.16	-	0.7
Inventory Turnover (Average Inventory)	5.84	4.9	6.65	-	13.76
Short Term Liquidity
Current Ratio	3.32	2	5.88	1.19	0.72
Quick Ratio	2.55	1.28	5.23	0.98	0.23
Operating Cash Flow to Current Liabilities	2.35	0.87	1.54	-0.29	0.2
Days Outstanding Inventory (Average Inventory)	62.54	74.53	54.87	-	26.54
Average Days Payable Outstanding	31.11	30.13	33	-	33.98
Long Term Solvency
Total Debt/Equity	0.29	0.17	0.1	10.08	136.75
Total Debt / Total Capital	0.29	0.17	0.1	9.15	57.76
LT Debt/Equity	0.16	0.08	-	1.04	9.84
Long-Term Debt / Total Capital	0.15	0.08	-	0.94	4.16
Total Liabilities / Total Assets	38.12	42.21	33.17	44.96	87.52
EBIT / Interest Expense	29.87	15.48	0.02	-42.06	-5.53
EBITDA / Interest Expense	73.18	40.44	16.44	20.55	4.25
(EBITDA - Capex) / Interest Expense	60.57	2.19	1.87	-57.75	-8.5
Total Debt / EBITDA	0	0	0	1.34	1.37
Net Debt / EBITDA	-1.2	-0.92	-2.06	-1.36	0.84
Total Debt / (EBITDA - Capex)	0.01	0.06	0.04	-0.48	-0.68
Net Debt / (EBITDA - Capex)	-1.45	-16.94	-18.1	0.49	-0.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.4	-4.09	-30.55	-	-
Gross Profit, 1 Yr. Growth %	-12.73	-10.57	-61.38	-	-
EBITDA, 1 Yr. Growth %	-14.65	-12.48	-61.88	-65.16	87.41
EBITA, 1 Yr. Growth %	-38.63	-17.84	-99.9	686	26.11
EBIT, 1 Yr. Growth %	-38.63	-17.84	-99.9	686	26.11
Earnings From Cont. Operations, 1 Yr. Growth %	-21.79	-21.75	-131.03	100	781.79
Net Income, 1 Yr. Growth %	-21.79	-21.75	-131.03	100	781.79
Normalized Net Income, 1 Yr. Growth %	-20.86	-21.09	-111.08	464.15	47.95
Diluted EPS Before Extra, 1 Yr. Growth %	-25.82	-21.55	-133.09	81.27	775.82
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	-
Inventory, 1 Yr. Growth %	6.35	28.57	-92.57	-0.82	368.69
Net Property, Plant and Equip., 1 Yr. Growth %	-16.72	55.22	-7.41	42.43	-35.56
Total Assets, 1 Yr. Growth %	4.48	12.19	-17.61	7.57	-34.25
Tangible Book Value, 1 Yr. Growth %	2.09	4.77	-4.71	-11.42	-85.09
Common Equity, 1 Yr. Growth %	2.09	4.77	-4.71	-11.42	-85.09
Cash From Operations, 1 Yr. Growth %	15.08	-50.76	-61.74	-144.77	-215.53
Capital Expenditures, 1 Yr. Growth %	-46.12	380.73	-63.81	41.43	56.07
Levered Free Cash Flow, 1 Yr. Growth %	135.61	-101.73	759.98	252.63	-2.62
Unlevered Free Cash Flow, 1 Yr. Growth %	109.29	-100.27	2L	286.91	-8.77
Dividend Per Share, 1 Yr. Growth %	0	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.6	-1.38	-18.38	-	-17.68
Gross Profit, 2 Yr. CAGR %	-1.14	-11.65	-41.23	-	-90.77
EBITDA, 2 Yr. CAGR %	2.1	-13.57	-42.11	-65.19	-19.2
EBITA, 2 Yr. CAGR %	-18.34	-28.99	-97.15	-18.06	214.83
EBIT, 2 Yr. CAGR %	-18.34	-28.99	-97.15	-18.06	214.83
Earnings From Cont. Operations, 2 Yr. CAGR %	-3.54	-21.77	-50.72	-21.22	319.95
Net Income, 2 Yr. CAGR %	-3.54	-21.77	-50.72	-21.22	319.95
Normalized Net Income, 2 Yr. CAGR %	-3.3	-20.97	-70.44	-20.95	188.91
Diluted EPS Before Extra, 2 Yr. CAGR %	-7.16	-23.71	-49.05	-22.55	298.45
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	-
Inventory, 2 Yr. CAGR %	13.79	16.93	-69.09	-72.85	115.6
Net Property, Plant and Equip., 2 Yr. CAGR %	-15.06	13.7	19.89	14.84	-4.2
Total Assets, 2 Yr. CAGR %	2.5	8.27	-3.86	-5.86	-15.9
Tangible Book Value, 2 Yr. CAGR %	16.44	3.42	-0.08	-8.13	-63.65
Common Equity, 2 Yr. CAGR %	16.44	3.42	-0.08	-8.13	-63.65
Cash From Operations, 2 Yr. CAGR %	8.98	-24.73	-56.6	-58.61	-28.08
Capital Expenditures, 2 Yr. CAGR %	-6.1	60.95	31.9	-28.46	48.57
Levered Free Cash Flow, 2 Yr. CAGR %	49.08	-79.78	-64.44	492.24	85.31
Unlevered Free Cash Flow, 2 Yr. CAGR %	35.66	-92.51	-66.6	8.62T	87.87
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	5.47	-12.26	-	-22.21
Gross Profit, 3 Yr. CAGR %	-	-4.39	-32.95	-	-85.13
EBITDA, 3 Yr. CAGR %	137.37	-3.01	-34.11	-52.6	-38.99
EBITA, 3 Yr. CAGR %	72.19	-18.17	-92.07	-17.67	-5.4
EBIT, 3 Yr. CAGR %	72.19	-18.17	-92.07	-17.67	-5.4
Earnings From Cont. Operations, 3 Yr. CAGR %	80.25	-10.04	-42.52	-21.4	76.23
Net Income, 3 Yr. CAGR %	80.25	-10.04	-42.52	-21.4	76.23
Normalized Net Income, 3 Yr. CAGR %	42.55	-9.63	-58.95	-21	-2.58
Diluted EPS Before Extra, 3 Yr. CAGR %	67.49	-12.23	-42.25	-22.22	73.85
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-
Inventory, 3 Yr. CAGR %	32.97	18.52	-53.34	-54.41	-29.83
Net Property, Plant and Equip., 3 Yr. CAGR %	-11.96	3.85	6.18	26.97	-5.28
Total Assets, 3 Yr. CAGR %	9.27	5.63	-1.16	-0.19	-16.48
Tangible Book Value, 3 Yr. CAGR %	24.99	12.42	0.64	-4.01	-49.88
Common Equity, 3 Yr. CAGR %	24.99	12.42	0.64	-4.01	-49.88
Cash From Operations, 3 Yr. CAGR %	214.65	-16.38	-39.93	-56.15	-41.72
Capital Expenditures, 3 Yr. CAGR %	-44.15	61.83	-2.13	35.01	-7.21
Levered Free Cash Flow, 3 Yr. CAGR %	-3.92	-66.22	-33.21	-19.8	224.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	-3.36	-82.97	-38.43	-20.24	1.81T
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	661.9	834.42	-	-	-14.47
Gross Profit, 5 Yr. CAGR %	503.49	629.85	-	-	-69.67
EBITDA, 5 Yr. CAGR %	68.87	49.36	34.99	-35.57	-29.81
EBITA, 5 Yr. CAGR %	41.03	23.17	-66.61	-17.94	-15.46
EBIT, 5 Yr. CAGR %	41.03	23.17	-66.61	-17.94	-15.46
Earnings From Cont. Operations, 5 Yr. CAGR %	31.87	13.61	7.3	-14.69	27.35
Net Income, 5 Yr. CAGR %	31.87	13.61	7.3	-14.69	27.35
Normalized Net Income, 5 Yr. CAGR %	40.72	21.78	-24.02	-14.34	-10.4
Diluted EPS Before Extra, 5 Yr. CAGR %	2.59	-0.82	4.06	-16.51	25.05
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	-
Inventory, 5 Yr. CAGR %	-	-	-25.82	-34.27	-13.93
Net Property, Plant and Equip., 5 Yr. CAGR %	40.15	48.86	-0.39	8.11	1.9
Total Assets, 5 Yr. CAGR %	64.77	58.59	3.81	0.88	-7.34
Tangible Book Value, 5 Yr. CAGR %	61.03	50.77	14.28	3.7	-33.04
Common Equity, 5 Yr. CAGR %	61.03	50.77	14.28	3.7	-33.04
Cash From Operations, 5 Yr. CAGR %	96.17	68.91	42.46	-36.88	-35.44
Capital Expenditures, 5 Yr. CAGR %	38.62	52.32	-21.24	16.75	15.65
Levered Free Cash Flow, 5 Yr. CAGR %	-	-37.53	-35.44	2.77	3.43
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-56.81	-36.82	-1.36	-0.63