New Risk • May 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m (AU$1.0m revenue, or US$732k). Market cap is less than US$10m (AU$2.98m market cap, or US$2.11m). Tillkännagivande • May 07
RBR Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.382571 million. RBR Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.382571 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,920,611
Price\Range: AUD 0.018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,333,333
Price\Range: AUD 0.018
Transaction Features: Subsequent Direct Listing Tillkännagivande • May 01
RBR Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.3654 million. RBR Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.3654 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,966,667
Price\Range: AUD 0.018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,333,333
Price\Range: AUD 0.018
Transaction Features: Subsequent Direct Listing New Risk • Mar 01
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$994k 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$994k free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (AU$1.0m revenue, or US$733k). Market cap is less than US$10m (AU$3.57m market cap, or US$2.54m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Board Change • Jan 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Richard Horsfall was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Richard Horsfall was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 01
RBR Group Limited, Annual General Meeting, Nov 26, 2025 RBR Group Limited, Annual General Meeting, Nov 26, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2024) Full year 2025 results: AU$0.001 loss per share (in line with FY 2024). Revenue: AU$948.4k (down 88% from FY 2024). Net loss: AU$1.36m (loss widened 39% from FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 2.4% 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 Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 2.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (111% increase in shares outstanding). Revenue is less than US$1m (AU$948k revenue, or US$621k). Market cap is less than US$10m (AU$3.44m market cap, or US$2.25m). Board Change • Aug 06
High number of new directors Non-Executive Director Florence Drummond was the last director to join the board, commencing their role in the last week. Tillkännagivande • Jul 11
RBR Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.65 million. RBR Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.65 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 650,000,000
Price\Range: AUD 0.001 Board Change • Jun 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Matt Worner was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Matt Worner was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 01
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: AU$782k (US$485k) This is considered a major risk. Companies with a small amount of revenue 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 Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (93% increase in shares outstanding). Revenue is less than US$1m (AU$782k revenue, or US$485k). Market cap is less than US$10m (AU$3.12m market cap, or US$1.94m). Board Change • Jan 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Matt Worner was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (AU$2.05m market cap, or US$1.27m). Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Revenue is less than US$5m (AU$7.6m revenue, or US$4.7m). Board Change • Dec 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Matt Worner was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Matt Worner was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Oct 29
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: AU$7.6m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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 Risks Shares are highly illiquid. Market cap is less than US$10m (AU$2.45m market cap, or US$1.61m). Minor Risk Revenue is less than US$5m (AU$7.6m revenue, or US$5.0m). Tillkännagivande • Oct 15
RBR Group Limited, Annual General Meeting, Nov 29, 2024 RBR Group Limited, Annual General Meeting, Nov 29, 2024. Reported Earnings • Oct 05
Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2023) Full year 2024 results: AU$0.001 loss per share (in line with FY 2023). Revenue: AU$7.61m (up 95% from FY 2023). Net loss: AU$979.3k (loss narrowed 33% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. New Risk • Aug 31
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$466k 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$466k free cash flow). Shares are highly illiquid. Market cap is less than US$10m (AU$3.27m market cap, or US$2.21m). New Risk • Mar 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (62% accrual ratio). Market cap is less than US$10m (AU$3.27m market cap, or US$2.15m). Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Tillkännagivande • Oct 11
RBR Group Limited, Annual General Meeting, Nov 21, 2023 RBR Group Limited, Annual General Meeting, Nov 21, 2023. Agenda: To consider re-election of directors. Reported Earnings • Oct 05
Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0 in FY 2022) Full year 2023 results: AU$0.001 loss per share (further deteriorated from AU$0 in FY 2022). Revenue: AU$5.33m (up 43% from FY 2022). Net loss: AU$757.5k (down 260% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. New Risk • Sep 20
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$3.4m 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$3.4m free cash flow). Market cap is less than US$10m (AU$4.86m market cap, or US$3.15m). Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Revenue is less than US$5m (AU$5.3m revenue, or US$3.5m). Reported Earnings • Sep 06
Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0 in FY 2022) Full year 2023 results: AU$0.001 loss per share (further deteriorated from AU$0 in FY 2022). Revenue: AU$5.33m (up 43% from FY 2022). Net loss: AU$757.5k (down 260% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Aug 31
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 Risk Market cap is less than US$10m (AU$4.05m market cap, or US$2.62m). 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 (26% increase in shares outstanding). Revenue is less than US$5m (AU$2.2m revenue, or US$1.4m). Tillkännagivande • Jul 29
RBR Group Limited announced that it expects to receive AUD 1 million in funding from Tennant Benefit Consultants (Pty) Ltd. RBR Group Limited announced a private placement to issue 10% Unsecured Convertible notes for the gross proceeds of AUD 1,000,000 on July 28, 2023. The transaction included participation from returning investor Tennant Benefit Consultants (Pty) Ltd. The Convertible Notes may be converted in whole into ordinary shares at the election of the Noteholder at any time from date of issue until maturity. The conversion price will be AUD 0.5 per share. Any outstanding interest owed under the terms of the Convertible Notes is payable by the Company to the Noteholder. Upon conversion, and in addition to shares issued, the Company shall issue options to each Noteholder for nil consideration on the basis of one new option for each five shares. The options will be exercisable at a price equal to the higher of $0.005 and the amount equal to the 20% discount to the VWAP of the Company’s Shares over the 10 days immediately prior to receipt of the Conversion Notice and expiring two years from the Conversion Date. The notes will mature on 3 years. The Convertible Notes will include other terms standard for this type of funding instrument, and the conversion
terms will be subject to shareholder approval. Reported Earnings • Mar 04
First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 profit in 1H 2022) First half 2023 results: AU$0.001 loss per share (down from AU$0.002 profit in 1H 2022). Revenue: AU$1.86m (down 45% from 1H 2022). Net loss: AU$901.8k (down 136% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 29
RBR Group Limited, Annual General Meeting, Nov 29, 2022 RBR Group Limited, Annual General Meeting, Nov 29, 2022, at 14:00 W. Australia Standard Time. Location: Level 2, 33 Colin Street West Perth Western Australia Australia Agenda: To consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2022, which includes the Financial Report, the Directors' Report and the Auditor's Report; to consider adoption of Remuneration Report; to consider re-election of Director - Paul Horsfall; to consider approval of Placement Facility; to consider approval of New Employee Securities Incentive Plan; to consider approval of potential termination benefits under the New Plan; to consider approval of issue of Director Performance Rights; to consider re-insertion of Proportional Takeover Bid Approval Provisions; and to consider Approval of issue of Convertible Loan Shares to an associate of a related party - Tennant Administration Services (Pty) Ltd. Tillkännagivande • Oct 19
RBR Group Limited announced that it has received AUD 0.32 million in funding from Tennant Benefit Consultants (Pty) Ltd. and another investor On October 19, 2022, RBR Group Limited closed the transaction. Reported Earnings • Oct 07
Full year 2022 earnings released: EPS: AU$0 (vs AU$0.002 loss in FY 2021) Full year 2022 results: EPS: AU$0 (improved from AU$0.002 loss in FY 2021). Revenue: AU$3.74m (up 40% from FY 2021). Net income: AU$472.9k (up AU$2.19m from FY 2021). Profit margin: 13% (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 70% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 30
RBR Group Limited announced that it expects to receive AUD 0.32 million in funding from Tennant Benefit Consultants (Pty) Ltd. and another investor RBR Group Limited announced that it will receive AUD 300,000 by way of an interest free, unsecured convertible loan from new investor Tennant Benefit Consultants (Pty) Ltd. and issue 5,714,285 ordinary shares at a price of AUD 0.0035 for gross proceeds of AUD 20,000 to Mr. Stephen managing director of Tennant Benefit Consultants (Pty) Ltd.; for aggregate gross proceeds of AUD 320,000 on September 30, 2022. The loan is interest fee and is convertible into ordinary shares of the company at a price of AUD 0.0035 for per share for approximately 86,000,000 ordinary shares. The transaction is subject to approval of the shareholders of the company in the Annual General Meeting. Reported Earnings • Sep 02
Full year 2022 earnings released: EPS: AU$0.002 (vs AU$0.002 loss in FY 2021) Full year 2022 results: EPS: AU$0.002 (up from AU$0.002 loss in FY 2021). Revenue: AU$3.60m (up 34% from FY 2021). Net income: AU$2.56m (up AU$4.69m from FY 2021). Profit margin: 71% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.002 (up from AU$0.001 loss in 1H 2021). Revenue: AU$3.38m (up AU$3.09m from 1H 2021). Net income: AU$2.54m (up AU$3.42m from 1H 2021). Profit margin: 75% (up from net loss in 1H 2021). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 15
Insider recently sold AU$62k worth of stock On the 10th of February, Nicole Gallin sold around 13m shares on-market at roughly AU$0.005 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$19k more than they bought in the last 12 months. Executive Departure • Dec 02
Independent Non-Executive Director Paul Graham-Clarke has left the company On the 30th of November, Paul Graham-Clarke's tenure as Independent Non-Executive Director ended after 6.0 years in the role. As of September 2021, Paul still personally held 24.44m shares (AU$147k worth at the time). A total of 2 executives have left over the last 12 months. Board Change • Oct 29
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. 3 non-independent directors. Independent Non-Executive Director Richard Horsfall was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 04
Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: AU$2.67m (up AU$2.34m from FY 2020). Net loss: AU$2.13m (loss widened 13% from FY 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 03
Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: AU$2.67m (up AU$2.34m from FY 2020). Net loss: AU$2.07m (loss widened 9.8% from FY 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jul 07
Insider recently bought AU$106k worth of stock On the 1st of July, Kyle Haynes bought around 21m shares on-market at roughly AU$0.005 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. Tillkännagivande • Jul 08
Black Cat Syndicate Limited (ASX:BC8) entered into a binding sale and purchase agreement to acquire Yarri East Project from RBR Group Limited (ASX:RBR) and Newmont Exploration Pty Ltd. for AUD 0.2 million. Black Cat Syndicate Limited (ASX:BC8) entered into a binding sale and purchase agreement to acquire Yarri East Project from RBR Group Limited (ASX:RBR) and Newmont Exploration Pty Ltd. for AUD 0.2 million on July 8, 2020. The transaction will be settled in cash and has a net smelter royalty of 1%. RBR will receive AUD 0.98 million in cash plus 0.49% net smelter royalty for its share. Black Cat will undertake the responsibility for all environmental liabilities and approvals regarding the transfer of the tenements. 