BCI MINERALS LIMITED (BCI)
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BCI

BCI - BCI MINERALS LIMITED

FNArena Sector : Mining
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -2.19
Index: ALL-ORDS

BCI Minerals transitioned from an iron ore royalty and mining company into a specialist salt and fertiliser developer, with a clear focus on becoming a long-life, low-cost supplier to Asian industrial and agricultural markets.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.345

10 Sep
2025

-0.005

OPEN

$0.35

-1.43%

HIGH

$0.35

1,362,305

LOW

$0.34

OTHER COMPANIES IN THE SAME SECTOR
5EA . AMN . APC . ARV . AZY . BML . CNB . COD . CXM . DRE . E25 . EM2 . HFR . KSN . LM8 . PEX . PMT . QML . RTR . S2R . S32 . STK . SVY .
FNARENA'S MARKET CONSENSUS FORECASTS

- No Record -

Last ex-div: 03/03 - (franking Ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-1.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx26.6
Net Operating Cash Flow xxxxxxxxxxxxxxx-11.7 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-7.65 %
Return on Invested Capital xxxxxxxxxxxxxxx-5.86 %
Return on Assets xxxxxxxxxxxxxxx-5.42 %
Return on Equity xxxxxxxxxxxxxxx-7.65 %
Return on Total Capital xxxxxxxxxxxxxxx-6.42 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-399.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx369 M
Total Debt xxxxxxxxxxxxxxx369 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx80 M
Price To Book Value xxxxxxxxxxxxxxx1.28

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx387.5 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx5 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx61 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

0
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

31/07/2025

1

Speculative Buy

$0.50

44.93%

Canaccord Genuity has retained a Speculative Buy rating and raised its price target to $0.50 (from $0.49) following a constructive update on the Mardie Salt & SOP Project, now 69% complete. First salt exports remain scheduled for the December 2026 quarter.

Commentary highlights June construction progress included key milestones such as seawater pumping (146Gl), SCADA commissioning, and jetty piling. Capex is now 82% committed; the estimated -$508m to completion is well covered by the remaining $753m in facility capacity.

The broker views BCI as a structural salt exporter, exposed to rising Asian demand and pricing (US$51–56/t). Valuation is supported by SOTP and NAV modelling, though no value is attributed to the Kumina iron ore asset.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -1.50 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.60 cents.

BCI STOCK CHART