Develop Global Ltd

  • IPO date:
  • Sector: Basic Materials
  • GIC Group: Materials
  • Industry: Other Industrial Metals & Mining
  • Company website

Company description

Develop Global Limited, together with its subsidiaries, engages in the exploration and development of mineral resource properties in Australia. It primarily explores for copper, zinc, lead, silver, and gold deposits. The company also provides underground mining services. It holds interest in the Sulphur Springs project that includes Sulphur Springs and Kangaroo Caves deposits and tenements, as well as the Whim Creek Joint Venture project, located to the south east of Port Hedland; and the Woodlawn zinc-copper project is located at Lachlan Fold belt in New South Wales. The company was formerly known as Venturex Resources Limited and changed its name to Develop Global Limited in October 2021. Develop Global Limited was incorporated in 2006 and is based in West Leederville, Australia.

Financial highlights

Market Capitalization$539.3923 million
P/E Ratio0
P/E Growth Ratio
Book Value0.894
Dividend Per Share0
Earnings Per Share-0.06
EBITDA-3,917.22
Profit Margin-0.3172
Operating Margin TTM-0.267
Return on Assets TTM-0.0318
Return on Equity TTM-0.0947
Revenue TTM28,341.14

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2016-06-30 794.23
2017-06-30 44.64 1,126.14 -1,081.5
2018-06-30 141.67 1,219.78 -1,078.11
2019-06-30 -53.28 1,951.22 -2,004.5 3,752.676
2020-06-30 16.54 1,026.03 -1,009.49 4,054.391
2021-06-30 10.91 5,850.44 -5,839.53 89,408.053
2022-06-30 4,512.431 3,639.077 873.354 10,025.267
2023-06-30 67,775.13 64,865.78 2,909.35

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2016-06-30 681 25,374.76 12,479.61 31.38 87,881.5
2017-06-30 460.63 28,461.37 13,028.83 35.4 92,884.25
2018-06-30 585.66 34,679.96 14,179.74 50.37 100,388.23
2019-06-30 4,910.026 41,059.709 15,011.467 54.92 108,041.913
2020-06-30 2,256.492 41,866.908 17,986.528 2,128.324 110,289.634
2021-06-30 16,831.391 57,317.435 21,719.668 103.779 132,008.693
2022-06-30 43,206.524 204,884.261 60,330.192 1,634.662 202,081.283
2023-06-30 21,769.15 245,800.28 96,139.36 0 228,283.58

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2016-06-30 -99.75 -330.94
2017-06-30 -1,804.04 232.4
2018-06-30 -1,926.66 1,661.44 2,622.074
2019-06-30 -2,711.395 -877.53 2,287.952 2,622.074 4,910.026
2020-06-30 -3,898.716 -2,546.32 -2,653.534 4,910.026 2,256.492
2021-06-30 -89,882.164 -2,425.62 14,574.899 2,256.492 16,831.391
2022-06-30 -9,223.458 -6,617.98 26,375.133 16,831.391 43,206.524 900.417
2023-06-30 12,241.23 -21,437.38 43,206.524