Income Statement Vulcan Energy Resources Limited

Stocks

VUL

AU0000066086

Specialty Mining & Metals

Market Closed - Australian S.E. Other stock markets 11:40:02 11/06/2026 am IST			5-day change	1st Jan Change
3.240 ^AUD	+2.86%		-15.62%	-26.53%

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

95315f21029c87aabf761c1726.GaZcBA5pJlLNNLqxJXaVrJibPGoADsFolclAYNLTMp0.W-MlUUo7cRD0doKBFSn056miZV14PLgy2_ttC76gBdBMyhFzaV50BaNrzQ

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	-	1.42Cr	2.57Cr	2.07Cr	73.5L
Total Revenues	-	1.42Cr	2.57Cr	2.07Cr	73.5L
Cost of Goods Sold, Total	-	62.38L	25.93L	8L	29.55L
Gross Profit	-	79.84L	2.31Cr	1.99Cr	43.95L
Selling General & Admin Expenses, Total	34.92L	2.57Cr	3.02Cr	3.75Cr	1.85Cr
Stock-Based Compensation (IS)	68.57L	18.72L	16.88L	9L	45.64L
Depreciation & Amortization - (IS)	1L	45.98L	58.69L	95.97L	1.34Cr
Impairment of Oil, Gas & Mineral Properties - (IS)	2L	-	-	-	77.58L
Other Operating Expenses	-3L	24.66L	2.01Cr	1.77Cr	2.3Cr
Other Operating Expenses, Total	1.04Cr	3.46Cr	5.78Cr	6.56Cr	6.72Cr
Operating Income	-1.04Cr	-2.67Cr	-3.48Cr	-4.56Cr	-6.28Cr
Interest Expense, Total	-	-4L	-2L	-2L	-4L
Interest And Investment Income	1L	12.3L	35.58L	18.89L	28.23L
Net Interest Expenses	1L	9L	33.86L	17.16L	24.06L
Income (Loss) On Equity Invest.	-	-5L	-5L	-92T	-
Currency Exchange Gains (Loss)	76.04T	-2L	3L	14.56L	-58.45L
Other Non Operating Income (Expenses)	-6L	-6L	-	-	-14.07L
EBT, Excl. Unusual Items	-1.07Cr	-2.71Cr	-3.15Cr	-4.26Cr	-6.77Cr
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-36T	-10.4L	-	-
Gain (Loss) On Sale Of Investments	-	-	38.74L	-	-
Gain (Loss) On Sale Of Assets	-	19.75L	-	-	-
Asset Writedown	-	-	-1L	-	-
EBT, Incl. Unusual Items	-1.07Cr	-2.71Cr	-2.88Cr	-4.26Cr	-6.77Cr
Income Tax Expense	-	-2L	-18.41L	-2L	18.97L
Earnings From Continuing Operations	-1.07Cr	-2.69Cr	-2.7Cr	-4.24Cr	-6.96Cr
Net Income to Company	-1.07Cr	-2.69Cr	-2.7Cr	-4.24Cr	-6.96Cr
Net Income - (IS)	-1.07Cr	-2.69Cr	-2.7Cr	-4.24Cr	-6.96Cr
Net Income to Common Incl Extra Items	-1.07Cr	-2.69Cr	-2.7Cr	-4.24Cr	-6.96Cr
Net Income to Common Excl. Extra Items	-1.07Cr	-2.69Cr	-2.7Cr	-4.24Cr	-6.96Cr
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	8.72Cr	14Cr	16Cr	18Cr	24Cr
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	8.72Cr	14Cr	16Cr	18Cr	24Cr
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	-1Cr	-2.29Cr	-3.09Cr	-3.76Cr	-4.34Cr
EBITA	-1.04Cr	-2.55Cr	-3.41Cr	-4.55Cr	-6.27Cr
EBIT	-1.04Cr	-2.67Cr	-3.48Cr	-4.56Cr	-6.28Cr
EBITDAR	-99.8L	-1.02Cr	-	-	-4.16Cr
Effective Tax Rate - (Ratio)	-	0.76	6.39	0.45	-2.8
Current Foreign Taxes	-	-	-	57T	4L
Total Current Taxes	-	-7L	1L	57T	4L
Deferred Foreign Taxes	-	-	-	-2L	15.04L
Total Deferred Taxes	-	5L	-19.47L	-2L	15.04L
Normalized Net Income	-67.15L	-1.69Cr	-1.97Cr	-2.66Cr	-4.23Cr
Interest on Long-Term Debt	-	62T	2L	2L	4L
Supplemental Operating Expense Items
General and Administrative Expenses	28.11L	69.78L	-	-	-
Net Rental Expense, Total	55.93T	12.65L	-	-	17.84L
Imputed Operating Lease Interest Expense	-	-	-	-	3L
Imputed Operating Lease Depreciation	-	-	-	-	15.18L
Stock-Based Comp., Other (Total)	68.57L	18.72L	16.88L	9L	45.64L
Total Stock-Based Compensation	68.57L	18.72L	16.88L	9L	45.64L

Fiscal Period: December	2021	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Cash And Equivalents	11Cr	13Cr	7.87Cr	9.71Cr	52Cr
Total Cash And Short Term Investments	11Cr	13Cr	7.87Cr	9.71Cr	52Cr
Accounts Receivable, Total	-	13.04L	7L	10.33L	9L
Other Receivables	8L	40.21L	46.21L	71.64L	40.83L
Notes Receivable	-	-	-	-	-
Total Receivables	8L	53.25L	53.46L	81.97L	49.39L
Inventory	-	2L	3L	1L	3L
Prepaid Expenses	-	10.33L	7L	6L	6L
Other Current Assets, Total	4L	-	10L	37.07L	50.92L
Total Current Assets	12Cr	14Cr	8.61Cr	11Cr	53Cr
Gross Property Plant And Equipment	1.57Cr	10Cr	20Cr	27Cr	39Cr
Accumulated Depreciation	-22.35T	-6L	-90.33L	-1.49Cr	-2.74Cr
Net Property Plant And Equipment	1.57Cr	10Cr	19Cr	25Cr	37Cr
Long-term Investments	-	10L	26.74L	14.26L	84.94L
Goodwill	-	10.4L	0	0	-
Other Intangibles, Total	2L	24.11L	23.1L	42.16L	63.96L
Deferred Tax Assets Long-Term	-	16.81L	32.12L	35.68L	74.75L
Deferred Charges Long-Term	-	-	-	64.51L	3.74Cr
Other Long-Term Assets, Total	-	-	1.18Cr	17.63L	9L
Total Assets	13Cr	25Cr	30Cr	38Cr	96Cr
Liabilities
Accounts Payable, Total	14.43L	64.79L	95.14L	1.15Cr	45.34L
Accrued Expenses, Total	6L	22.25L	73.77L	71.51L	1.85Cr
Short-term Borrowings	-	-	-	-	1.02Cr
Current Portion of Leases	62.39T	6L	10.86L	8L	19.47L
Current Income Taxes Payable	-	91T	1L	57T	3L
Unearned Revenue Current, Total	-	1L	-	21.1L	-
Other Current Liabilities	2L	14.66L	26.95L	12.96L	1.7Cr
Total Current Liabilities	22.63L	1.1Cr	2.08Cr	2.29Cr	5.25Cr
Long-Term Leases	5L	26.7L	33.25L	30.81L	2.87Cr
Unearned Revenue Non Current	-	14.53L	28.18L	-	-
Deferred Tax Liability Non Current	-	17.02L	14.1L	15.35L	69.84L
Other Non Current Liabilities	-	1L	3L	19.87L	1.2Cr
Total Liabilities	27.6L	1.7Cr	2.86Cr	2.95Cr	10Cr
Common Stock, Total	14Cr	26Cr	32Cr	45Cr	102.4Cr
Retained Earnings	-1.54Cr	-4.19Cr	-6.88Cr	-11Cr	-18Cr
Comprehensive Income and Other	78.99L	1.59Cr	1.34Cr	90.83L	1.37Cr
Total Common Equity	13Cr	23Cr	27Cr	35Cr	86Cr
Minority Interest	-	-	-	19T	-
Total Equity	13Cr	23Cr	27Cr	35Cr	86Cr
Total Liabilities And Equity	13Cr	25Cr	30Cr	38Cr	96Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11Cr	14Cr	17Cr	22Cr	48Cr
ECS Total Common Shares Outstanding	11Cr	14Cr	17Cr	21Cr	48Cr
Book Value / Share	1.19	1.63	1.56	1.64	1.79
Tangible Book Value	13Cr	23Cr	27Cr	35Cr	85Cr
Tangible Book Value Per Share	1.19	1.6	1.55	1.62	1.78
Total Debt	6L	33.16L	44.11L	38.52L	4.08Cr
Net Debt	-11Cr	-13Cr	-7.43Cr	-9.32Cr	-48Cr
Debt Equivalent Oper. Leases	4L	39.84L	-	-	1.43Cr
Minority Interest, Total (Incl. Fin. Div)	-	-	-	19T	-
Equity Method Investments, Total	-	10L	1L	-	-
Account Code - Inventory Valuation	3	5	5	5	5
Inventories - Others	-	2L	3L	1L	3L
Land - (BS)	-	15.36L	48.34L	48.78L	1.96Cr
Machinery, Total	6L	2.74Cr	3.26Cr	9.7Cr	13Cr
Full Time Employees	-	184	371	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	34T	-	67T	10T

Fiscal Period: December	2021	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	-1.07Cr	-2.69Cr	-2.7Cr	-4.24Cr	-6.96Cr
Depreciation & Amortization - CF	1L	34.26L	51.57L	91.16L	1.3Cr
Amortization of Goodwill and Intangible Assets - (CF)	-	11.3L	7L	1L	1L
Impairment of Oil, Gas & Mineral Properties - (CF)	2L	-	-	-	77.58L
Depreciation & Amortization, Total	4L	45.56L	58.13L	92.58L	2.09Cr
Amortization of Deferred Charges, Total - (CF)	4.3T	42T	56T	3L	2L
(Gain) Loss From Sale Of Asset	-	-19.75L	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-38.74L	-	-
Asset Writedown & Restructuring Costs	-	36T	11.44L	-	-
(Income) Loss On Equity Investments - (CF)	-	5L	5L	92T	-
Stock-Based Compensation (CF)	68.57L	18.72L	16.88L	9L	45.64L
Provision and Write-off of Bad Debts	-	-	-	67T	-58T
Other Operating Activities, Total	-	8L	-	-14.37L	56.01L
Change In Accounts Receivable	-1L	-20.82L	-8L	-11.15L	-37.5L
Change In Accounts Payable	7L	66.78L	-17.02L	53.58L	-54.54L
Change in Unearned Revenues	-	-	-	-7L	-21.1L
Change In Deferred Taxes	-	-	-18.23L	-3L	11.35L
Change in Other Net Operating Assets	73.88T	-3L	16.61L	-7L	8L
Cash from Operations	-28.41L	-1.48Cr	-2.43Cr	-3.07Cr	-4.77Cr
Capital Expenditure	-71.45L	-6.1Cr	-9.26Cr	-7.03Cr	-5.02Cr
Cash Acquisitions	-	-3.15Cr	-1L	-4L	-1.6Cr
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-24.9L	3L	-27.49L	5L
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-25.49L	-6L
Cash from Investing	-71.45L	-6.35Cr	-9.25Cr	-7.6Cr	-6.64Cr
Long-Term Debt Repaid, Total	-22.89T	-5L	-18.25L	-11.97L	-14.46L
Total Debt Repaid	-22.89T	-9L	-18.25L	-11.97L	-14.46L
Issuance of Common Stock	12Cr	18Cr	6.74Cr	13Cr	59Cr
Other Financing Activities, Total	-61.4L	-39.69L	-27.7L	-76.88L	-4.46Cr
Cash from Financing	12Cr	-9L	6.28Cr	13Cr	54Cr
Foreign Exchange Rate Adjustments	2.76T	-33.22L	-13.43L	-2L	-53.02L
Net Change in Cash	11Cr	-8.26Cr	-5.54Cr	1.83Cr	42Cr
Supplemental Items
Cash Interest Paid	6.75T	5L	2L	2L	7L
Cash Income Tax Paid (Refund)	-	-	5L	1L	15T
Levered Free Cash Flow	-55.11L	-3.35Cr	-9.92Cr	-9.14Cr	-4.41Cr
Unlevered Free Cash Flow	-55.11L	-3.35Cr	-9.91Cr	-9.13Cr	-4.39Cr
Change In Net Working Capital	-9L	-44.14L	-77.06L	29.1L	-1.99Cr
Net Debt Issued / Repaid	-22.89T	-9L	-18.25L	-11.97L	-14.46L

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	-	-	1.06T	6.86T	926.49
Cash Conversion Cycle (Average Days)	-	-	-1.01T	-6.73T	-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 %	1.35T	213.62	18.69	28.34	152.34
Tangible Book Value, 1 Yr. Growth %	1.35T	198.99	15.79	30.58	144.89
Common Equity, 1 Yr. Growth %	1.35T	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	-	-	-