AIC MINES LIMITED (A1M)
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A1M

A1M - AIC MINES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.77
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.68

26 Feb
2026

0.000

OPEN

$0.68

0.000

HIGH

$0.69

2,496,151

LOW

$0.67

TARGET
$0.90 32.4% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
A1M: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 2.6 5.3 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 59.5% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 13.0 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 201920202022202320242025
EPS Basic xxxxxxxxxxxxxxx2.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx189.6 M
Book Value Per Share xxxxxxxxxxxxxxx38.9
Net Operating Cash Flow xxxxxxxxxxxxxxx66.4 M
Net Profit Margin xxxxxxxxxxxxxxx7.89 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx6.00 %
Return on Invested Capital xxxxxxxxxxxxxxx5.62 %
Return on Assets xxxxxxxxxxxxxxx4.65 %
Return on Equity xxxxxxxxxxxxxxx6.00 %
Return on Total Capital xxxxxxxxxxxxxxx5.77 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-46.3 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 201920202022202320242025
Short-Term Debt xxxxxxxxxxxxxxx15 M
Long Term Debt xxxxxxxxxxxxxxx30 M
Total Debt xxxxxxxxxxxxxxx45 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx61 M
Price To Book Value xxxxxxxxxxxxxxx0.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202022202320242025
Capex xxxxxxxxxxxxxxx112.7 M
Capex % of Sales xxxxxxxxxxxxxxx59.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx162 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx12 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx, xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

20/02/2026

1

Buy

$0.80

17.65%

Bell Potter notes AIC Mines’ 1HFY26 result was in line with expectations, while no dividend was declared.

The broker highlights period-end cash and metal receivables of $54m, nil drawn debt, and an undrawn US$40m prepayment facility expected to be fully drawn through 2H26 as Jericho underground and the process plant expansion progress.

The analyst flags management's FY26 production and cost guidance was unchanged at 12.8-13.1kt Cu plus 6.0-6.5koz gold at AISC of $4.85-$5.25/lb, and argues AIC Mines has consistently delivered stronger margins and cash flow, supported by cost controls.

Bell Potter lifts EPS forecasts by 4% in FY26 and 74% in FY27 and FY28 on higher copper and gold price assumptions, retaining its Buy rating and upping its target price to $0.80 from $0.67.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.60 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 10.60 cents.

Ord Minnett

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

Moelis

23/02/2026

1

Buy

$0.71

4.41%

AIC Mines delivered a first half result that was better at the EBITDA line than Moelis expected.

There were no material differences to the broker's forecasts and the business is considered on track for growth initiatives, as it remains well-positioned to capitalise on strong prices.

Catalysts include consistent development at Jericho, news flow on successful exploration and executing on the plant expansion. Buy rating and target of 71c.

FORECAST
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.80 cents.
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 7.60 cents.
Access Extra Coverage Research History >

A1M STOCK CHART

FNArena News on A1M

1
Australian Broker Call *Extra* Edition – Feb 23, 2026

Feb 23 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 20-02-2026

Feb 20 2026 - Australia
3
Australian Broker Call *Extra* Edition – Feb 02, 2026

Feb 02 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Jan 14, 2026

Jan 14 2026 - Daily Market Reports
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 24-10-25

Oct 24 2025 - Weekly Reports

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