BLACK PEARL GROUP LIMITED (BPG)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

BPG

BPG - BLACK PEARL GROUP LIMITED

FNArena Sector : NONE
Year End: March
GICS Industry Group : Software & Services
Debt/EBITDA: -0.22
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.86

27 Jan
2026

-0.020

OPEN

$0.88

-2.27%

HIGH

$0.88

19,306

LOW

$0.86

TARGET
$1.45 68.6% upside
FNARENA'S MARKET CONSENSUS FORECASTS
BPG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 15.5 - 10.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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 2022202320242025
EPS Basic xxxxxxxxx-15.5
DPS All xxxxxxxxx0.0
Sales/Revenue xxxxxxxxx7.7 M
Book Value Per Share xxxxxxxxx13.2
Net Operating Cash Flow xxxxxxxxx-6.2 M
Net Profit Margin xxxxxxxxx-118.34 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2022202320242025
Return on Capital Employed xxxxxxxxx-135.43 %
Return on Invested Capital xxxxxxxxx-119.27 %
Return on Assets xxxxxxxxx-91.88 %
Return on Equity xxxxxxxxx-135.43 %
Return on Total Capital xxxxxxxxx-116.53 %
Free Cash Flow ex dividends xxxxxxxxx-6.4 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 2022202320242025
Short-Term Debt xxxxxxxxx0 M
Long Term Debt xxxxxxxxx2 M
Total Debt xxxxxxxxx2 M
Goodwill - Gross xxxxxxxxx3 M
Cash & Equivalents - Generic xxxxxxxxx7 M
Price To Book Value xxxxxxxxx5.45

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2022202320242025
Capex xxxxxxxxx1.3 M
Capex % of Sales xxxxxxxxx17.08 %
Cost of Goods Sold xxxxxxxxx15 M
Selling, General & Admin. Exp & Other xxxxxxxxx2 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx0 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

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

10/12/2025

1

Initiation of coverage with Speculative Buy

$1.45

68.60%

Bell Potter has initiated coverage of Black Pearl with a Speculative Buy rating and a target price of $1.45.

The company runs the Pearl Engine platform and its own LLM (large language model) to turn anonymous web traffic into identifiable, high-intent sales leads, supporting SME marketing.

The broker notes the company has pivoted from legacy email tools to AI-driven prospecting, lifting annual recurring revenue (ARR) to NZ$19.5m as of September from NZ$4.6m the year before.

The broker is modelling NZ$50m ARR by 3Q31, supported by expanding Pearl Diver/Engine into wholesale DaaS/PaaS, the B2BRocket acquisition and bot-traffic elimination that improves ad efficiency.

Upside potential is seen from a huge North American SME market, plus strong unit economics that could accelerate ARR and bring forward EBITDA breakeven.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -10.89 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -7.02 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

BPG STOCK CHART

FNArena News on BPG

No Records