New Risk • Jul 27
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 14% 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: Major Risk Revenue is less than US$1m (AU$152k revenue, or US$106k). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Breakeven Date Change • May 20
Forecast to breakeven in 2028 The analyst covering Talga Group expects the company to break even for the first time. New forecast suggests losses will reduce by 6.7% per year to 2027. The company is expected to make a profit of AU$8.90m in 2028. Average annual earnings growth of 80% is required to achieve expected profit on schedule. Breakeven Date Change • May 01
Forecast to breakeven in 2028 The analyst covering Talga Group expects the company to break even for the first time. New forecast suggests losses will reduce by 6.7% per year to 2027. The company is expected to make a profit of AU$8.90m in 2028. Average annual earnings growth of 80% is required to achieve expected profit on schedule. Tillkännagivande • Jan 28
Talga Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 7.272985 million. Talga Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 7.272985 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,738,987
Price\Range: AUD 0.41
Security Features: Attached Options Breakeven Date Change • Dec 24
Forecast to breakeven in 2028 The 2 analysts covering Talga Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$8.90m in 2028. Average annual earnings growth of 48% is required to achieve expected profit on schedule. Tillkännagivande • Sep 25
Talga Group Ltd, Annual General Meeting, Nov 20, 2025 Talga Group Ltd, Annual General Meeting, Nov 20, 2025. Tillkännagivande • Jul 10
Talga Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 10 million. Talga Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,632,272
Price\Range: AUD 0.4
Discount Per Security: AUD 0.02
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 367,728
Price\Range: AUD 0.4
Discount Per Security: AUD 0.02
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • May 21
Talga Group Ltd has filed a Follow-on Equity Offering in the amount of AUD 10 million. Talga Group Ltd has filed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,669,875
Price\Range: AUD 0.4
Discount Per Security: AUD 0.02
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 330,125
Price\Range: AUD 0.4
Discount Per Security: AUD 0.02
Transaction Features: Subsequent Direct Listing Board Change • Feb 04
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. 1 experienced director. 4 highly experienced directors. Non-Executive Director Ola Rinnan was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
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. 3 highly experienced directors. Non-Executive Director Ola Rinnan was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Revenue is less than US$1m (AU$225k revenue, or US$148k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$38m net loss in 2 years). Shareholders have been diluted in the past year (19% increase in shares outstanding). New Risk • Oct 01
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$38m Forecast net loss in 2 years: AU$37m 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$225k revenue, or US$156k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$37m net loss in 2 years). Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Sep 28
Full year 2024 earnings released: AU$0.10 loss per share (vs AU$0.12 loss in FY 2023) Full year 2024 results: AU$0.10 loss per share (improved from AU$0.12 loss in FY 2023). Net loss: AU$38.3m (loss narrowed 12% from FY 2023). Revenue is forecast to grow 70% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Sep 27
Talga Group Ltd, Annual General Meeting, Nov 22, 2024 Talga Group Ltd, Annual General Meeting, Nov 22, 2024. Breakeven Date Change • Sep 13
Forecast breakeven date pushed back to 2027 The 3 analysts covering Talga Group previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of AU$112.4m in 2027. Average annual earnings growth of 63% is required to achieve expected profit on schedule. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$153.9m (US$99.4m) 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 Revenue is less than US$1m (AU$280k revenue, or US$181k). Minor Risks Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Market cap is less than US$100m (AU$153.9m market cap, or US$99.4m). Tillkännagivande • Jul 31
Talga Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 9.5 million. Talga Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 9.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.38
Discount Per Security: AUD 0.019
Transaction Features: Subsequent Direct Listing Tillkännagivande • Jul 02
Talga AB Appoints Eva Nordmark as Chair of Board of Directors in Sweden Talga Group Ltd. announced the appointment of Eva Nordmark as Chair of the Talga AB Board of Directors in Sweden, effective 1 July 2024. This appointment coincides with the progress of Talga Group's Vittangi Anode Project, as it transitions from advanced pre-production to the next stages of execution and operation. Ms Nordmark, who joined the Talga AB board in December 2023, has previously served as the Swedish Minister of Employment and Gender Equality. Before assuming her role as a Minister in two consecutive cabinets, Ms Nordmark held the position of President of the Swedish Confederation of Professional Employees (TCO) and also served as a member of the Swedish Parliament. The Vittangi Anode Project's potential, supported by a recent mining study, shows scope for increased output from its initially planned 19,500tpa of battery anode to over 400,000tpa of natural graphite anode precursor. Talga's other Swedish projects include the Aero Lithium Project, where exploration is to be conducted in partnership with world-leading lithium producer Sociedad Quimica y Minera de Chile S.A. Graphite and lithium are considered strategic raw materials according to the new Critical Raw Materials Act, one of several favourable legislative developments supporting the EU's Green Deal objectives and the establishment of a European battery value chain. Talga AB's departing Chair is Per-Erik Lindvall, who joined the Board in 2021. Under Mr. Lindvall's leadership, Talga Group was granted environmental permits for both its Nunasvaara South graphite mine and Lulea Anode Refinery, and progressed front-end engineering for the Vittangi Anode Project. Reported Earnings • Mar 17
First half 2024 earnings released: AU$0.048 loss per share (vs AU$0.07 loss in 1H 2023) First half 2024 results: AU$0.048 loss per share (improved from AU$0.07 loss in 1H 2023). Net loss: AU$18.4m (loss narrowed 17% from 1H 2023). Revenue is forecast to grow 75% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 16% per year. New Risk • Mar 16
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$46m 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$46m free cash flow). Revenue is less than US$1m (AU$340k revenue, or US$223k). Minor Risk Shareholders have been diluted in the past year (5.3% increase in shares outstanding). Tillkännagivande • Dec 22
Talga Group Ltd Strengthens European Leadership Talga Group Ltd. announced three new key appointments to bolster its Swedish board and European executive team. To support Talga's expanding IP portfolio and the growth of its in-house product and technology division, the Company has appointed Dr. Anna Motta, current Head of Talga Technologies and Advanced Materials, to the role of Group Chief Technology Officer commencing 1 January 2024. Dr Motta, a Ph.D. inorganic chemist with over 20 years' experience, has been instrumental in the development and commercialisation of Talga's battery materials. In addition to overseeing all research and product development, Dr. Motta will lead the Company's Quality Assurance and IP management programs. Dr. Motta is based out of Talga's Battery Centre of Excellence in Cambridge, UK. Talga also welcomes Per-Inge Kruse into the new role of Group Director of Business Development & Strategic Alliances. Mr. Kruse has over 20 years' experience in sales, business development andstrategic alliances across automotive industries. Previously, Mr. Kruse was the Executive Director - Sweden at international automotive design and development group FEV. Prior to that he led the creation and implementation of long term market strategies as Head of BD - Scandinavia at environmental and engineering consultancy Ricardo. Mr. Kruse is based out of Stockholm, Sweden. These organisational changes will strengthen the Company's leadership as it executes on the Vittangi Anode Project and solidifies its growth strategies across product and technology development, Intellectual Property management and commercial alliances. Tillkännagivande • Nov 07
Talga Group Ltd has filed a Follow-on Equity Offering in the amount of AUD 15 million. Talga Group Ltd has filed a Follow-on Equity Offering in the amount of AUD 15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,000,000
Price\Range: AUD 1 Tillkännagivande • Oct 06
Talga Group Ltd, Annual General Meeting, Nov 30, 2023 Talga Group Ltd, Annual General Meeting, Nov 30, 2023. Reported Earnings • Sep 30
Full year 2023 earnings released: AU$0.12 loss per share (vs AU$0.12 loss in FY 2022) Full year 2023 results: AU$0.12 loss per share. Net loss: AU$43.4m (loss widened 18% from FY 2022). Revenue is forecast to grow 148% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Metals and Mining industry in Australia. Breakeven Date Change • Jun 30
Forecast to breakeven in 2026 The 3 analysts covering Talga Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$109.9m in 2026. Average annual earnings growth of 53% is required to achieve expected profit on schedule. Reported Earnings • Mar 17
First half 2023 earnings released: AU$0.07 loss per share (vs AU$0.065 loss in 1H 2022) First half 2023 results: AU$0.07 loss per share (further deteriorated from AU$0.065 loss in 1H 2022). Net loss: AU$22.2m (loss widened 12% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 73% per year, which means it is well ahead of earnings. Board Change • Nov 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. 2 highly experienced directors. Non-Executive Director Ola Rinnan was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
Full year 2022 earnings released: AU$0.12 loss per share (vs AU$0.071 loss in FY 2021) Full year 2022 results: AU$0.12 loss per share (further deteriorated from AU$0.071 loss in FY 2021). Net loss: AU$36.8m (loss widened 85% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Board Change • Apr 28
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. 2 highly experienced directors. Non-Executive Director Ola Rinnan was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 18
Full year 2021 earnings released: AU$0.071 loss per share (vs AU$0.057 loss in FY 2020) Full year 2021 results: Net loss: AU$19.9m (loss widened 48% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings. Reported Earnings • Mar 14
First half 2021 earnings released: AU$0.034 loss per share (vs AU$0.035 loss in 1H 2020) First half 2021 results: Net loss: AU$8.79m (loss widened 13% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 03
New 90-day low: AU$1.36 The company is down 26% from its price of AU$1.83 on 03 December 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 15% over the same period. Is New 90 Day High Low • Nov 07
New 90-day high: AU$1.34 The company is up 165% from its price of AU$0.51 on 07 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 7.0% over the same period. Is New 90 Day High Low • Oct 15
New 90-day high: AU$0.87 The company is up 72% from its price of AU$0.51 on 17 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. Reported Earnings • Sep 30
Full year earnings released - AU$0.057 loss per share Over the last 12 months the company has reported total losses of AU$13.4m, with losses widening by 3.6% from the prior year. Is New 90 Day High Low • Sep 18
New 90-day high: AU$0.76 The company is up 76% from its price of AU$0.43 on 19 June 2020. The Australian market is up 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 11% over the same period. 
