Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Marghanita Johnson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Marghanita Johnson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Jan 30
Alpha HPA Limited has completed a Follow-on Equity Offering in the amount of AUD 225 million. Alpha HPA Limited has completed a Follow-on Equity Offering in the amount of AUD 225 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 140,000,000
Price\Range: AUD 0.75
Discount Per Security: AUD 0.031875
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 160,000,000
Price\Range: AUD 0.75
Discount Per Security: AUD 0.031875
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Marghanita Johnson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Nov 24
Alpha HPA Limited, Annual General Meeting, Nov 24, 2025 Alpha HPA Limited, Annual General Meeting, Nov 24, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.029 loss per share (vs AU$0.027 loss in FY 2024) Full year 2025 results: AU$0.029 loss per share (further deteriorated from AU$0.027 loss in FY 2024). Net loss: AU$32.6m (loss widened 30% from FY 2024). Revenue is forecast to grow 142% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 23% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$76m free cash flow). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m (AU$90k revenue, or US$59k). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$6.8m net loss in 2 years). Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Marghanita Johnson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Non-Executive Director Marghanita Johnson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 31
COO & Executive Director recently bought AU$99k worth of stock On the 24th of December, Robert Williamson bought around 116k shares on-market at roughly AU$0.85 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Non-Executive Director Marghanita Johnson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 30
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$25m Forecast net loss in 3 years: AU$4.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$44k revenue, or US$29k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$4.6m net loss in 3 years). Shareholders have been diluted in the past year (29% increase in shares outstanding). Anuncio • Oct 25
Alpha HPA Limited, Annual General Meeting, Nov 27, 2024 Alpha HPA Limited, Annual General Meeting, Nov 27, 2024. Location: level 11, 5 martin place, sydney, nsw, Australia Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.027 loss per share (vs AU$0.019 loss in FY 2023) Full year 2024 results: AU$0.027 loss per share (further deteriorated from AU$0.019 loss in FY 2023). Net loss: AU$25.0m (loss widened 59% from FY 2023). Revenue is forecast to grow 97% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Breakeven Date Change • Jun 05
No longer forecast to breakeven The analyst covering Alpha HPA no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$58.0m in 2026. New forecast suggests the company will make a loss of AU$84.0m in 2026. Breakeven Date Change • Mar 26
Forecast breakeven date pushed back to 2026 The analyst covering Alpha HPA previously expected the company to break even in 2025. New forecast suggests the company will make a profit of AU$59.0m in 2026. Average annual earnings growth of 95% is required to achieve expected profit on schedule. Reported Earnings • Feb 29
First half 2024 earnings released: AU$0.01 loss per share (vs AU$0.005 loss in 1H 2023) First half 2024 results: AU$0.01 loss per share (further deteriorated from AU$0.005 loss in 1H 2023). Net loss: AU$8.54m (loss widened 91% from 1H 2023). Revenue is forecast to grow 126% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$45m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$45m free cash flow). Revenue is less than US$1m (AU$33k revenue, or US$21k). Minor Risk Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Anuncio • Jan 15
Alpha HPA Limited Appoints Marghanita Johnson as an Independent, Non-Executive Director, Effective January 15, 2024 The board of Alpha HPA Limited announced the appointment of Marghanita Johnson as an independent, non-executive director. Marghanita has been the CEO of the Australian Aluminium Council since 2019. She has over 25 years experience in the Australian mining and manufacturing sectors, predominantly within the aluminium industry. Prior to joining the Council she led government engagement and advocacy on behalf of Rio Tinto's Pacific Aluminium assets and prior to that held key climate and sustainability roles at Rio Tinto. Marghanita has Environmental Engineering and Chemistry degrees from the University of Western Australia. She is currently chair of the Australian Industry Greenhouse Network and a director of the Energy Users Association of Australia and has previously been a non-executive director on the board of the New Zealand Aluminium Smelter and the Tomago Aluminium Company. The date of appointment is January 15, 2024. Anuncio • Dec 15
Alpha HPA Limited Appoints Annie Liu as an Independent, Non-Executive Director The Board of Alpha HPA Limited announced the appointment of Annie Liu as an Independent, Non-Executive Director. Annie Liu is a seasoned executive, having spent 20+ years in building and leading teams across stages from product incubation to rapid growth and scale-up in mature markets. Annie was the Executive Director at Ford (Model E) from 2022 to 2023. Prior to her role at Ford, Annie forged and managed Tesla's multi-billion-dollar strategic partnerships and sourcing portfolios that support Tesla's Energy and Battery business units including Battery, Battery Raw Material, Energy Storage, Solar and Solar Glass, including raw materials sourcing efforts such as lithium for battery cells. Earlier in her career, she held various leading manufacturing and procurement roles at Microsoft launching advanced technology products. Annie is a co-founder of Alto Group Inc, a trusted advisor and counsellor to many of the world's influential businesses in the EV value chain. Alto Group is also assisting Alpha on market engagements with a number of counterparties in the lithium-ion battery anode and cathode sector. Anuncio • Nov 04
Alpha HPA Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million. Alpha HPA Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,794,521
Price\Range: AUD 0.73
Discount Per Security: AUD 0.005475
Transaction Features: Subsequent Direct Listing Anuncio • Nov 02
Alpha HPA Limited Announces the Retirement of Justin Werner and Cameron Peacock as Directors The Board of Alpha HPA Limited advised that Mr. Justin Werner and Mr. Cameron Peacock have retired as Directors, effective 2 November 2023. With the recent inclusion into the ASX300 and the substantial progress towards establishing significant production scale across the Company's HPA First Project and Alpha Sapphire businesses, the Company recognises the need to restructure the Board composition with a wider representation of more independent, non-executive Directors. Accordingly, the Company has commenced a process of seeking suitably qualified independent non-executive Director appointments. The Company has also commenced work on a renewed remuneration framework and will release details once the new framework has been finalised before the end of FY24. Both Mr. Werner and Mr. Peacock have played significant roles in the growth and development of Alpha, and the Board thanks them for their significant contributions. Mr. Peacock will continue to assist Alpha in a business development role. Anuncio • Oct 27
Alpha HPA Limited, Annual General Meeting, Nov 28, 2023 Alpha HPA Limited, Annual General Meeting, Nov 28, 2023, at 11:00 AUS Eastern Standard Time. Location: Level 3, 60 Carrington Street, Sydney New South Wales Australia Agenda: To consider Approval of Remuneration Report;to consider Re-election of Mr Peter Nightingale as a Director;to consider Re-election of Mr Anthony Sgro as a Director;and to consider Re-election of Mr Robert Williamson as a Director. Anuncio • Oct 18
Alpha HPA Limited Appoints Craig Jones as Chief Financial Officer, Effective on or Around 1 February 2024 The Board of Alpha HPA Limited announced that Mr. Craig Jones will join the Company as Chief Financial Officer (CFO). Craig has been working closely with Alpha as advisor to Alpha in respect of the Project Financing of the HPA First Project since April 2020 and has a strong working understanding of the Company and its business. Craig has nearly 25 years of experience in a wide variety of banking, corporate and financial advisory roles. He spent 18 years in various structured lending teams within leading commercial banks, including ANZ Bank where he worked for 12 years in Sydney, Singapore, Brisbane and London. For the past 5 years, Craig has been a Director in KPMG's Corporate Finance team and responsible for arranging and structuring finance for projects in the energy and natural resources sectors, with a particular focus on critical minerals. Craig will commence the role on or around 1 February 2024, based in the Alpha Brisbane office. Current CFO Peter Nightingale will assume the role as Finance Director. Recent Insider Transactions • Sep 15
Non-Executive Director recently sold AU$494k worth of stock On the 14th of September, Anthony Sgro sold around 450k shares on-market at roughly AU$1.10 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.019 loss per share (vs AU$0.009 loss in FY 2022) Full year 2023 results: AU$0.019 loss per share (further deteriorated from AU$0.009 loss in FY 2022). Net loss: AU$15.7m (loss widened 113% from FY 2022). Revenue is forecast to grow 138% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$38m free cash flow). Revenue is less than US$1m (AU$36k revenue, or US$23k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (8.2% increase in shares outstanding). Anuncio • Jun 08
Alpha HPA Limited Announces Receipt of Initial Payment of Federal Government Grant Funds Alpha HPA Limited announced that it has received an initial payment of $2.475 million including GST under the Modern Manufacturing Initiative - Collaboration Stream (`MMI-C') from the Commonwealth Department of Industry, Science and Resources. This follows the execution by the Company of a grant agreement with the Department of Industry. The total amount of the MMI-C grant is $45 million, which was initially announced by the Company on 16 March 2022. The MMI-C grant will be applied toward the capital expenditure of the full-scale HPA First Project. Alpha was the lead applicant, with the grant application supported by Orica Ltd. (`Orica') as joint applicant. 10% of the grant proceeds will flow to Orica to offset their capital expenditure required to support the HPA First Project. Breakeven Date Change • May 01
Forecast breakeven date pushed back to 2025 The analyst covering Alpha HPA previously expected the company to break even in 2024. New forecast suggests losses will reduce by 2.5% per year to 2024. The company is expected to make a profit of AU$80.0m in 2025. Average annual earnings growth of 127% is required to achieve expected profit on schedule. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Non-Executive Director Regan Crooks was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Cameron Peacock was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 16
Non-Executive Director recently bought AU$100k worth of stock On the 15th of October, Cameron Peacock bought around 200k shares on-market at roughly AU$0.50 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$2.2m more in shares than they bought in the last 12 months. Breakeven Date Change • Jul 01
Forecast to breakeven in 2024 The analyst covering Alpha HPA expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$93.0m in 2024. Average annual earnings growth of 98% is required to achieve expected profit on schedule. Recent Insider Transactions • Jun 04
Non-Executive Director recently bought AU$90k worth of stock On the 3rd of June, Cameron Peacock bought around 150k shares on-market at roughly AU$0.60 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$2.4m more in shares than they bought in the last 12 months. Anuncio • Jun 03
Alpha HPA Limited announced that it has received AUD 50 million in funding Alpha HPA Limited (ASX:A4N) announced a private placement of 90,909,091 ordinary fully paid shares at a price of AUD 0.55000 per share for gross proceeds of AUD 50,000,000 on June 3, 2021. The transaction included participation from institutional and sophisticated investors, existing shareholders and a number of new institutional investors, including ESG focused funds. Recent Insider Transactions • Apr 17
Insider recently sold AU$2.5m worth of stock On the 12th of April, Grey Egerton-Warburton sold around 7m shares on-market at roughly AU$0.37 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$2.5m more than they bought in the last 12 months. Is New 90 Day High Low • Feb 13
New 90-day high: AU$0.43 The company is up 24% from its price of AU$0.35 on 13 November 2020. The Australian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 19% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: AU$0.39 The company is up 15% from its price of AU$0.34 on 23 October 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 22% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: AU$0.36 The company is up 74% from its price of AU$0.21 on 19 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 02
New 90-day high: AU$0.29 The company is up 48% from its price of AU$0.20 on 03 July 2020. The Australian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 4.0% over the same period. 
