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Timah Resources Limited, through its subsidiary, engages in the renewable energy power generation business in Australia and Malaysia. The company produces power from palm oil mill effluent. It also owns and operates a biogas power plant with approximately 3.5 megawatts located in Sabah, Malaysia. Timah Resources Limited was incorporated in 2007 and is based in Sandakan, Malaysia. Timah Resources Limited operates as a subsidiary of Cash Nexus (M) Sdn. Bhd.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Timah Resources Ltd (TML.AU) is an Australian Securities Exchange-listed junior resources and exploration company; publicly available disclosures about its operating assets and target commodities are limited. Long-term growth may be driven by successful exploration and resource development outcomes, higher commodity demand, and access to financing or strategic partnerships, which could make the stock attractive to investors seeking leveraged exposure to commodity upside at an early stage.
Primary investment risks include the company’s early-stage status with execution and financing risk, commodity price volatility, regulatory and permitting uncertainty, limited public information and low market liquidity.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 0.01M | -2.16M | 0.28M | -0.11M | 0.22M |
| Net income | 0.01M | -3.52M | 0.14M | -0.73M | 0.12M |
| Selling general administrative | - | 0.60M | 0.46M | 0.53M | 0.74M |
| Selling and marketing expenses | - | - | 0.31M | 0.36M | 0.50M |
| Gross profit | -0.02M | 1.11M | 0.12M | -0.27M | 0.55M |
| Reconciled depreciation | - | - | 3.72M | 3.67M | 3.66M |
| Ebit | - | -0.97M | -0.03M | -0.45M | 0.59M |
| Ebitda | -0.23M | 0.91M | 1.16M | 0.77M | 1.76M |
| Depreciation and amortization | - | 1.89M | 1.18M | 1.22M | 1.18M |
| Operating income | -0.23M | 0.51M | -0.03M | -0.45M | 0.31M |
| Other operating expenses | 2.61M | 8.59M | 2.83M | 3.12M | 2.51M |
| Interest expense | 0.39M | 1.18M | 1.22M | 0.38M | 0.37M |
| Tax provision | - | 1.36M | 0.40M | 1.91M | 0.31M |
| Interest income | - | 0.12M | 0.12M | 0.02M | 0.00M |
| Net interest income | - | -1.07M | -1.10M | -1.16M | -1.15M |
| Income tax expense | - | 1.36M | 0.13M | 0.63M | 0.10M |
| Total revenue | 2.38M | 9.10M | 2.81M | 2.68M | 2.82M |
| Total operating expenses | 0.21M | 0.60M | 0.15M | 0.17M | 0.24M |
| Cost of revenue | 2.40M | 7.99M | 2.68M | 2.95M | 2.27M |
| Total other income expense net | 0.24M | -2.67M | 0.30M | 0.33M | -0.10M |
| Net income from continuing ops | - | -3.52M | 0.43M | -0.92M | 0.36M |
| Net income applicable to common shares | - | -3.52M | 0.43M | -2.23M | 0.36M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 17.55M | 49.80M | 17.27M | 58.88M | 63.79M |
| Other current assets | 0.75M | 0.24M | 0.27M | 1.17M | 1.49M |
| Total liab | 10.26M | 30.37M | 9.93M | 35.46M | 37.90M |
| Total stockholder equity | 7.19M | 19.43M | 7.34M | 23.43M | 25.89M |
| Other current liab | - | - | -0.00M | 0.03M | 0.00M |
| Common stock | 17.00M | - | 14.67M | 46.89M | 47.10M |
| Capital stock | - | 45.99M | - | 46.89M | 47.10M |
| Retained earnings | -9.76M | -26.46M | -7.32M | -23.37M | -21.14M |
| Other liab | - | - | - | 7.42M | 7.40M |
| Other assets | - | - | 0.00M | 12.01M | 13.91M |
| Cash | 1.88M | 7.65M | 2.08M | 8.07M | 6.19M |
| Cash and equivalents | - | - | - | 8.07M | 6.19M |
| Total current liabilities | 0.25M | 0.53M | 0.23M | 0.42M | 0.69M |
| Net debt | 5.41M | 14.48M | 5.26M | 19.56M | 23.63M |
| Short term debt | 0.01M | - | 0.00M | 0.01M | 0.01M |
| Short long term debt total | 7.28M | - | 7.34M | 27.63M | 29.82M |
| Other stockholder equity | - | - | -0.00M | 0.00M | -0.07M |
| Property plant equipment | - | - | - | 36.59M | 39.49M |
| Total current assets | 3.58M | 9.05M | 2.70M | 10.28M | 10.39M |
| Net tangible assets | - | - | - | 23.43M | 25.89M |
| Net receivables | 0.70M | 0.92M | 0.31M | 0.85M | 2.64M |
| Long term debt | - | 22.13M | - | 27.30M | 29.48M |
| Inventory | 0.24M | 0.23M | 0.05M | 0.19M | 0.07M |
| Accounts payable | 0.24M | 0.51M | 0.23M | 0.41M | 0.67M |
| Accumulated other comprehensive income | -0.04M | - | -0.01M | -0.09M | -0.07M |
| Non currrent assets other | - | - | 0.00M | 0.00M | 0.00M |
| Non current assets total | 13.97M | 40.75M | 14.57M | 48.60M | 53.40M |
| Capital lease obligations | - | 0.31M | - | 0.34M | 0.35M |
| Long term debt total | - | - | - | 27.62M | 29.81M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -0.18M | -1.21M | -0.79M | -0.11M |
| Change to liabilities | - | - | - | 0.00M | 0.04M |
| Total cashflows from investing activities | -0.16M | -0.06M | -0.40M | -0.26M | -0.04M |
| Net borrowings | - | - | - | -2.16M | -2.53M |
| Total cash from financing activities | -0.89M | -0.15M | -1.81M | -0.78M | -0.88M |
| Net income | 0.01M | -1.17M | 0.20M | -0.73M | 0.09M |
| Change in cash | -0.89M | 0.69M | -0.62M | 0.66M | -0.00M |
| Begin period cash flow | 2.76M | 2.08M | 2.70M | 2.04M | 2.05M |
| End period cash flow | 1.88M | 2.77M | 2.08M | 2.70M | 2.04M |
| Total cash from operating activities | 0.13M | 0.61M | 1.68M | 1.66M | 0.89M |
| Depreciation | - | 1.24M | 1.23M | 1.20M | 1.18M |
| Other cashflows from investing activities | - | 0.12M | 0.81M | - | - |
| Dividends paid | - | - | 1.82M | - | - |
| Change to inventory | - | -0.02M | 0.01M | -0.04M | 0.02M |
| Change to account receivables | - | - | 0.00M | -0.00M | -0.38M |
| Sale purchase of stock | - | 0.00M | -0.90M | -0.07M | -0.23M |
| Other cashflows from financing activities | 0.01M | 0.01M | 0.55M | 0.01M | 0.18M |
| Change to netincome | - | - | - | 7.29M | 2.41M |
| Capital expenditures | 0.16M | 0.06M | 0.40M | 0.26M | 0.04M |
| Change in working capital | - | 0.54M | 0.31M | 1.19M | -0.44M |
| Stock based compensation | - | - | - | - | -2.42M |
| Other non cash items | 0.11M | 0.13M | -0.05M | 0.00M | -0.04M |
| Free cash flow | -0.04M | 0.55M | 1.28M | 1.40M | 0.85M |
Sector: Utilities Industry: Utilities - Renewable
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TML Timah Resources Ltd |
- -% |
0.05 | - | - | 0.58 | 0.65 | 3.46 | 24.20 |
| MEZ Meridian Energy Ltd |
0.04 0.86% |
4.70 | 112.50 | 46.08 | 3.08 | 1.47 | 4.20 | 20.47 |
| MCY Mercury NZ Ltd |
- -% |
5.43 | 27.00 | 27.70 | 2.41 | 1.78 | 3.70 | 13.11 |
| CEN Contact Energy Limited |
0.12 1.73% |
7.07 | 19.50 | 20.04 | 2.34 | 1.79 | 3.53 | 10.89 |
| LGI LGI Ltd |
0.02 0.81% |
2.50 | 27.56 | 29.67 | 5.93 | 2.22 | 6.01 | 11.83 |
Timah Resources Limited, through its subsidiary, engages in the renewable energy power generation business in Australia and Malaysia. The company produces power from palm oil mill effluent. It also owns and operates a biogas power plant with approximately 3.5 megawatts located in Sabah, Malaysia. Timah Resources Limited was incorporated in 2007 and is based in Sandakan, Malaysia. Timah Resources Limited operates as a subsidiary of Cash Nexus (M) Sdn. Bhd.
Lot 70, Block 6, Prima Square, Sandakan, Malaysia, 90000
61 4 1828 6266
| Name | Title | Year Born |
|---|---|---|
| Dr. King Thian Mah AMP, DSSA, JP | Exec. Chairman | 1964 |
| Mr. King-Seng Mah DPMP, PMP | MD & Director | 1958 |
| Kai Lih Wong | Chief Financial Officer | NA |
| Mr. Swee Koon Soong | COO & Exec. Director | 1955 |
| Mr. Andrew Wallis | Company Sec. | NA |
| Dr. King Thian Mah AMP, DSSA, JP | Executive Chairman | 1964 |
| Mr. Swee Koon Soong | COO & Executive Director | 1955 |
| Mr. Andrew Wallis | Company Secretary | NA |
| Dr. King Thian Mah AMP, DSSA, JP | Executive Chairman | 1964 |
| Mr. Swee Koon Soong | COO & Executive Director | 1955 |
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