Graphene & Solar Technologies Ltd financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Graphene & Solar Technologies Ltd files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0
0
General and administrative
0.06
0.05
0.32
0.27
0.16
0.3
1.11
0.18
0.09
0.16
Operating expenses
0.06
0.14
2.13
1.15
1.05
34.7
15
1.15
2.56
3.07
Operating income
-0.06
-0.14
-2.13
-1.15
-1.05
-34.7
-15
-1.15
-2.56
-3.07
Interest expense
0.02
-0.02
0.08
0.04
0.15
0.04
0.02
0.05
0.19
Other non-operating income
0.07
-0.02
-0.02
-0.1
-0.06
-0.14
-6
-0.03
0.02
-0.24
Pre-tax income
0.01
-0.16
-2.15
-1.25
-1.1
-0.9
-7.8
-1.01
-1.59
-2.91
Income from continuing operations
-15
-1.27
Net income to minority interests
-0
-0
Net income
0.01
-0.16
-2.15
-1.25
-1.1
-34.8
-21
-1.31
-2.64
-3.3
EBITDA
-2.09
-1.13
-1.03
-34.7
-15
-1.15
-2.56
-3.06
EPS, basic
0.00
0.00
-0.01
-0.01
0.00
0.00
-0.01
0.00
EPS, diluted
0.00
0.00
-0.01
-0.01
0.00
0.00
-0.01
0.00
Shares, basic (weighted)
1
36.6
231
239
244
387
454
667
Shares, diluted (weighted)
1
36.6
231
239
244
387
454
667
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.06
0.01
0.01
0.07
0
0
0
0
0
0.06
Other current assets
0.01
0
0.02
0.01
0.01
0.01
0.01
Total current assets
0
0.04
0.01
0.09
0
0.02
0.01
0.01
0.01
0.07
Property, plant and equipment
0.09
0.05
0.03
0.01
0
0
0
0.03
0.02
Lease right-of-use assets
0.16
0.11
Intangible assets
6.78
0
0
Total assets
0
0.16
0.08
0.15
0.01
6.8
0.02
0.02
0.31
0.31
Accounts payable
0.05
0.36
0.14
0.4
Accrued liabilities
0.02
0.03
0.45
Short-term debt
0.09
Total current liabilities
0.26
1.01
0.9
1.13
1.68
3.54
4.06
5
3.03
4.82
Long-term debt
0.1
Lease liabilities
0.12
0.05
Total liabilities
0.26
1.01
0.9
1.13
1.68
3.54
4.06
5
3.14
4.87
Paid-in capital
6.32
5.89
7.97
9.05
9.51
49.9
63.5
63.9
68.8
69.7
Retained earnings
-6.58
-6.74
-8.89
-10.1
-11.2
-46.1
-67.1
-68.4
-71
-74.3
Other comprehensive income
0.09
0.1
0.05
0.11
0.29
0.3
0.2
0.24
Shareholders' equity
-0.26
-0.85
-0.82
-0.98
-1.67
3.26
-4.04
-4.98
Minority interests
-0
-0
Total equity
-0.26
-0.85
-0.82
-0.98
-1.67
3.26
-4.04
-4.98
-2.84
-4.56
Total liabilities and equity
0
0.16
0.08
0.15
0.01
6.8
0.02
0.02
0.31
0.31
Shares outstanding
0.1
224
236
242
246
343
374
421
570
679
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
0.01
-0.16
-2.15
-1.25
-1.1
-34.8
-21
-1.31
-2.64
-3.31
Depreciation and amortization
0.04
0.02
0.02
0.01
0
0
0
0
Stock-based compensation
1.21
0.1
0.3
5.16
13.2
0.29
0.3
0.39
Change in receivables
0.01
Change in payables
0.03
0.04
-0.22
0.13
0.25
0.22
0.24
0.23
0.41
0.61
Cash from operations
-0.03
-0.12
-0.46
-0.6
-0.19
-0.32
-0.04
-0.07
-0.1
-0.43
Capital expenditures
-0
Cash from investing
-0
-0
0
0.08
Debt issued
0
0.01
Stock issued
0
0
0.38
0.88
0.09
0.14
0.05
0.01
0.01
Cash from financing
0.04
0.07
0.44
0.67
0.17
0.27
0.05
0.07
0.12
0.4
Exchange rate effect
0.01
-0
-0.05
0.06
-0
-0
-0.02
0
Net change in cash
0
-0.05
-0
-0.07
0
-0
-0
0
0.06
Free cash flow
-0.12
Interest paid
0
0
Income taxes paid
0
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.08 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-2,879.0%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Total assets growth, 1y
2.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
157.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
91.1%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
46.8%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
22.3%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.01x
Current assets / current liabilities.
Quick ratio
0.01x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.01x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
1,648.0%
Total liabilities / total assets.
Interest coverage
-35.9x
Operating income / interest expense.
Working capital
-$5.3M
Current assets - current liabilities.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.01
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Market cap + total debt - cash - short-term investments.
Earnings yield
-16.7%
Net income / market cap (the inverse of P/E).
Was Graphene & Solar Technologies Ltd profitable in fiscal 2025?
No. It reported a net loss of $3.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.