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Highlights

  • The company recorded a 54% YoY increase in total revenue to AUD 29.1 million in H1FY25.
  • In H1FY25, EBITDA jumped over 150% YoY to AUD 5.7 million and net losses narrowed to AUD 2.6 million from AUD 3.1 million.
  • 90,000 new shares to be traded on ASX from 17 March 2025.
  • Revenue expected at the lower end of the AUD 60-70 million range in FY25.

Chrysos Corporation Limited (ASX:C79) is an ASX-listed company that advances and provides mining technology solutions. For the six-month period ended 31 December 2024 (H1FY25), Chrysos recorded a 54% YoY increase in total revenue, reaching AUD 29.1 million, up from AUD 18.9 million in H1FY24. This growth reflects the continued adoption of PhotonAssay™ technology, particularly within the gold mining sector, which is witnessing gradual recovery.

PhotonAssay is a cutting-edge technology offered by C79 and is used to assess copper, silver, gold, and several other elements.

The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by over 150% YoY, climbing to AUD 5.7 million in H1FY25 from AUD 2.3 million in H1FY24. Additionally, net losses narrowed to AUD 2.6 million, an improvement from the AUD 3.1 million loss recorded in the prior corresponding period.

During the reported period, EBITDA margin increased to 22% compared to 15.8% in H1FY24.

Market Update

Chrysos announced that 90,000 ordinary fully paid shares, issued on 14 March 2025, following the exercise of options and conversion of other convertible securities, will be available for trading on the Australian Securities Exchange (ASX) from 17 March 2025.

Outlook

Looking ahead, the company has maintained a cautious revenue outlook for FY25. It expects revenue to be at the lower end of its earlier guidance range of AUD 60 million to AUD 70 million. Meanwhile, EBITDA is projected to be below the mid-point of the previously provided range of AUD 9 million to AUD 19 million.

Share performance of C79

C79 shares closed 3.72% higher at AUD 4.46 per share on 17 March 2025. Over the past year, C79’s share price has dropped by nearly 32.01% and in a month, the share price has corrected by 12.55%.

52-week high of C79 is AUD 7.15, recorded on 11 April 2024 and 52-week low is AUD 4.26, recorded on 14 March 2025. Notably, C79’s current market price is 37.62% lower than its 52-week high and 4.69% higher than 52-week low.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 17 March 2025. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.