Board Change • May 20
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Non-Executive Director Glenn Splatt is the most experienced director on the board, commencing their role in 2026. Independent Non-Executive Director Mark Chadwick was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • May 01
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Glenn Splatt is the most experienced director on the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Aankondiging • Mar 14
TerraCom Limited Announces the Resignation of Glen Lewis as Director, Effective from 12 March 2026 TerraCom Limited announced that Mr. Glen Lewis has resigned as a Director of the Company with effect from 12 March 2026. Aankondiging • Feb 24
TerraCom Limited has completed a Follow-on Equity Offering in the amount of AUD 1.157118 million. TerraCom Limited has completed a Follow-on Equity Offering in the amount of AUD 1.157118 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,285,306
Price\Range: AUD 0.06
Transaction Features: Subsequent Direct Listing Aankondiging • Jan 27
TerraCom Limited has completed a Follow-on Equity Offering in the amount of AUD 0.063829 million. TerraCom Limited has completed a Follow-on Equity Offering in the amount of AUD 0.063829 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,063,816
Price\Range: AUD 0.06
Transaction Features: Subsequent Direct Listing Aankondiging • Jan 22
TerraCom Limited has filed a Follow-on Equity Offering in the amount of AUD 0.063829 million. TerraCom Limited has filed a Follow-on Equity Offering in the amount of AUD 0.063829 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,063,816
Price\Range: AUD 0.06
Transaction Features: Subsequent Direct Listing New Risk • Dec 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$52.9m market cap, or US$35.5m). Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Non-Executive Independent Director Mark Ludski was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Dec 23
TerraCom Limited has filed a Follow-on Equity Offering in the amount of AUD 60 million. TerraCom Limited has filed a Follow-on Equity Offering in the amount of AUD 60 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 691,666,667
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 308,333,333
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Transaction Features: Rights Offering Aankondiging • Oct 24
TerraCom Limited, Annual General Meeting, Nov 27, 2025 TerraCom Limited, Annual General Meeting, Nov 27, 2025. Location: at the offices of k&l gates, level 31, 1 o`connell street, sydney nsw 2000, Australia Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.041 loss per share (vs AU$0.032 profit in FY 2024) Full year 2025 results: AU$0.041 loss per share (down from AU$0.032 profit in FY 2024). Revenue: AU$226.7m (down 13% from FY 2024). Net loss: AU$33.1m (down 227% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Non-Executive Independent Director Mark Ludski was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 27
TerraCom Limited and Australian Securities and Investments Commission Reach Agreement on Whistleblower Proceedings Subject to Federal Court Approval TerraCom Limited announced it has reached an agreement with the Australian Securities and Investments Commission (ASIC) to resolve the civil proceedings commenced by ASIC in the Federal Court of Australia on 28 February 2023 (File number NSD176/2023). The agreement remains subject to Court approval. Under the agreement, the parties have agreed: to file with the Federal Court of Australia a Statement of Agreed Facts and Admissions; to jointly seek orders from the Court that TerraCom pay: a civil penalty of $7.5 million in relation to one admitted contravention of s 1317AC(1) of the Corporations Act 2001 (Cth), with $4 million to be paid within 28 days of the Court ordering TerraCom to do so and $3.5 million to be paid on or before 30 June 2026; and ASIC's legal costs of $1 million; and that ASIC's case against TerraCom otherwise be dismissed. Aankondiging • Apr 07
TerraCom Limited Provides Sales Guidance for 2025 TerraCom Limited provided sales guidance for 2025. For the period, the company expects revised annual coal sales guidance of 1.6Mt FOB (previously 1.8Mt), operating costs remain relatively unchanged on an overall basis. Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Non-Executive Independent Director Mark Ludski was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Non-Executive Independent Director Mark Ludski was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 14
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 21 November 2024. Payment date: 06 December 2024. The company last paid an ordinary dividend in October 2019. The average dividend yield among industry peers is 7.4%. Aankondiging • Oct 22
TerraCom Limited, Annual General Meeting, Nov 21, 2024 TerraCom Limited, Annual General Meeting, Nov 21, 2024. Location: the offices of k&l gates, level 31, 1 oconnell street, sydney nsw 2000 Australia Recent Insider Transactions • Sep 20
Non-Executive Chairman recently bought AU$331k worth of stock On the 18th of September, Mark Lochtenberg bought around 2m shares on-market at roughly AU$0.17 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$353k. Mark has been a buyer over the last 12 months, purchasing a net total of AU$1.0m worth in shares. Recent Insider Transactions • Sep 08
Non-Executive Chairman recently bought AU$353k worth of stock On the 5th of September, Mark Lochtenberg bought around 2m shares on-market at roughly AU$0.18 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mark has been a buyer over the last 12 months, purchasing a net total of AU$701k worth in shares. Reported Earnings • Aug 31
Full year 2024 earnings released: EPS: AU$0.032 (vs AU$0.33 in FY 2023) Full year 2024 results: EPS: AU$0.032 (down from AU$0.33 in FY 2023). Revenue: AU$259.1m (down 61% from FY 2023). Net income: AU$26.0m (down 90% from FY 2023). Profit margin: 10.0% (down from 40% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Aug 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$148.2m (US$96.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (108% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (AU$148.2m market cap, or US$96.7m). Recent Insider Transactions • Mar 20
Non-Executive Chairman recently bought AU$348k worth of stock On the 14th of March, Mark Lochtenberg bought around 2m shares on-market at roughly AU$0.23 per share. This transaction amounted to 17% 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 Mark's only on-market trade for the last 12 months. Reported Earnings • Mar 02
First half 2024 earnings released: EPS: AU$0.04 (vs AU$0.23 in 1H 2023) First half 2024 results: EPS: AU$0.04 (down from AU$0.23 in 1H 2023). Revenue: AU$141.3m (down 67% from 1H 2023). Net income: AU$31.7m (down 83% from 1H 2023). Profit margin: 23% (down from 42% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 06
TerraCom Limited, Annual General Meeting, Nov 29, 2023 TerraCom Limited, Annual General Meeting, Nov 29, 2023. Upcoming Dividend • Sep 04
Upcoming dividend of AU$0.03 per share at 27% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 28 September 2023. Trailing yield: 27%. Within top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (10%). Aankondiging • Sep 01
TerraCom Limited Announces Quarterly Dividend on Ordinary Fully Paid Shares for the Quarter Ended June 30, 2023, Payable on September 28, 2023 TerraCom Limited announced quarterly dividend of AUD 0.03000000 on ordinary fully paid shares for the quarter ended June 30, 2023, payable on September 28, 2023. Ex Date: September 11, 2023. Record Date: September 12, 2023. Reported Earnings • Sep 01
Full year 2023 earnings released: EPS: AU$0.33 (vs AU$0.26 in FY 2022) Full year 2023 results: EPS: AU$0.33 (up from AU$0.26 in FY 2022). Revenue: AU$660.6m (down 18% from FY 2022). Net income: AU$262.1m (up 34% from FY 2022). Profit margin: 40% (up from 24% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. New Risk • Aug 30
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: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Aankondiging • May 31
Terracom Limited Announces Fully Franked Dividend for the Quarter Ended March 31, 2023, Payable on June 27, 2023 TerraCom Limited announced fully franked dividend of 3.0 cents per fully paid ordinary share (Share) has been declared by the company's Board of Directors. This dividend is in line with the previously announced dividend policy and applies to the quarter ended 31 March 2023. Ex-dividend date of 8 June 2023. Record date of 9 June 2023. Payment date of 27 June 2023. Aankondiging • May 20
TerraCom Limited Announces Resignation of Graeme Campbell as Chairman and Non-Executive Director TerraCom Limited announced that Mr. Graeme Campbell has resigned from his position as Chairman and Non-Executive Director of the Company. Mr. Campbell joined the Board as a Non-Executive Director on 28 January 2022 and has held the position of Chairman since 8 July 2022. Mr. Campbell also held the position of Chair of the Remuneration Committee and was a member of the Audit Committee. Mr. Mark Lochtenberg will take over as Non-Executive Chairman effective immediately and the Board is reviewing its overall composition following these recent changes. Reported Earnings • Feb 28
First half 2023 earnings released: EPS: AU$0.23 (vs AU$0.07 in 1H 2022) First half 2023 results: EPS: AU$0.23 (up from AU$0.07 in 1H 2022). Revenue: AU$430.3m (up 11% from 1H 2022). Net income: AU$180.8m (up 243% from 1H 2022). Profit margin: 42% (up from 14% in 1H 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Non-Executive Director Glen Lewis is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Craig Warwick Lyons was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Oct 21
Non-Executive Director recently bought AU$103k worth of stock On the 19th of October, Glen Lewis bought around 100k shares on-market at roughly AU$1.03 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$480k. Insiders have collectively bought AU$1.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 08
Non-Executive Director recently bought AU$79k worth of stock On the 6th of October, Glen Lewis bought around 77k shares on-market at roughly AU$1.02 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$480k. Insiders have collectively bought AU$948k more in shares than they have sold in the last 12 months. Reported Earnings • Oct 02
Full year 2022 earnings released: EPS: AU$0.26 (vs AU$0.11 loss in FY 2021) Full year 2022 results: EPS: AU$0.26 (up from AU$0.11 loss in FY 2021). Revenue: AU$804.6m (up 47% from FY 2021). Net income: AU$196.1m (up AU$280.2m from FY 2021). Profit margin: 24% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 31
Full year 2022 earnings released: EPS: AU$0.23 (vs AU$0.11 loss in FY 2021) Full year 2022 results: EPS: AU$0.23 (up from AU$0.11 loss in FY 2021). Revenue: AU$804.6m (up 47% from FY 2021). Net income: AU$170.6m (up AU$254.6m from FY 2021). Profit margin: 21% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 19% share price gain to AU$1.14, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 9x in the Oil and Gas industry in Australia. Total returns to shareholders of 165% over the past three years. Recent Insider Transactions • Aug 05
Director recently bought AU$480k worth of stock On the 1st of August, Mark Lochtenberg bought around 600k shares on-market at roughly AU$0.80 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$643k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 26
Non-Executive Director recently sold AU$455k worth of stock On the 20th of June, Matthew Hunter sold around 700k shares on-market at roughly AU$0.65 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$200k more than they bought in the last 12 months. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Non-Executive Director Craig Warwick Lyons was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 03
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.07 (up from AU$0.066 loss in 1H 2021). Revenue: AU$387.4m (up 52% from 1H 2021). Net income: AU$52.7m (up AU$102.2m from 1H 2021). Profit margin: 14% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Feb 17
Non-Executive Director recently bought AU$100k worth of stock On the 10th of February, Shane Kyriakou bought around 370k shares on-market at roughly AU$0.27 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$255k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 08
Non-Executive Director recently bought AU$57k worth of stock On the 3rd of February, Glen Lewis bought around 271k shares on-market at roughly AU$0.21 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$155k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 22
Non-Executive Director recently bought AU$54k worth of stock On the 15th of October, Matthew Hunter bought around 300k shares on-market at roughly AU$0.18 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Oct 10
Full year 2021 earnings released: AU$0.11 loss per share (vs AU$0.063 loss in FY 2020) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$549.0m (up 73% from FY 2020). Net loss: AU$84.1m (loss widened 141% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 04
Full year 2021 earnings released: AU$0.12 loss per share (vs AU$0.046 loss in FY 2020) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$549.0m (up 73% from FY 2020). Net loss: AU$90.3m (loss widened 258% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 26
Full year earnings released - AU$0.046 loss per share Over the last 12 months the company has reported total losses of AU$25.2m, with earnings decreasing by AU$50.2m from the prior year. Total revenue was AU$316.9m over the last 12 months, up 15% from the prior year. 
