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Home CompaniesDevelop Global Ltd

Develop Global Ltd

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
3.55 AUD -0.40 ( 10.13%)
Last update at 2026-11-06T06:11:00Z
VOLUME
3082615
Market Cap
1303.44M
P/E
197.50

Momentum Score

…

Develop Global Limited, together with its subsidiaries, engages in the exploration and development of mineral resource properties in Australia. It primarily explores for copper, zinc, lead, silver, gold, and lithium deposits. The company holds interest in the Yitirrti project that includes Yitirrti and Kangaroo Caves deposits and tenements; the Woodlawn Zinc-Copper Project is located at Lachlan Fold belt in New South Wales; and the Pioneer Dome Lithium Project covering approximately an area of 389 square kilometer located in the south of Kalgoorlie and north of the Esperance port. It also offers underground mining services. The company was formerly known as Venturex Resources Limited and changed its name to Develop Global Limited in October 2021. Develop Global Limited was incorporated in 2006 and is headquartered in West Leederville, Australia.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
3.52
Low
3.74
High
52 Week Price Range
3.16
Low
7.68
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public disclosures for Develop Global Ltd (ASX: DVP) are limited and the company provides little detail on its core operations or asset base, so a definitive description is not possible from available public sources. Any long-term growth may depend on successful execution of disclosed projects, access to capital and underlying market demand, and the stock could appeal to investors seeking small‑cap development or asset‑management exposure if transparency and execution improve.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
3.95
Dividend Yield
-
Revenue TTM
393.04M
Revenue Per Share
1.19
Gross Profit TTM
164.73M
Debt / Equity
0.21
ROE
1.39%
Net Debt
26.07M
ROCE
1.86%
Diluted EPS TTM
0.02

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax 13.52M -4.82M -11.81M -17.89M -9.22M
Minority interest - -0.43M -0.17M - -
Net income 8.19M 72.39M -12.13M -17.89M -9.22M
Selling general administrative - 111.25M 79.14M 4.96M 9.32M
Selling and marketing expenses - - 2.45M -1.99M -
Gross profit 23.80M 22.13M 100.07M -11.13M 0.87M
Reconciled depreciation - 28.79M 22.24M 9.97M 0.47M
Ebit 15.37M -1.83M -8.11M -14.09M -9.10M
Ebitda 39.02M 26.96M 14.13M -4.12M -8.63M
Depreciation and amortization 23.65M 28.79M 22.24M 9.97M 0.47M
Operating income 15.37M -2.72M -9.47M -14.09M -9.10M
Other operating expenses 373.17M 234.20M 156.70M 81.87M 13.66M
Interest expense 6.42M 2.99M 3.70M 1.17M 0.13M
Tax provision - -77.64M 0.15M 0.00M 0.00M
Interest income - 1.53M 1.38M 1.17M 0.15M
Net interest income - -1.45M -2.32M -5.90M -0.10M
Income tax expense 4.45M -77.64M 0.15M -0.00M 0.16M
Total revenue 388.54M 231.47M 147.23M 67.78M 4.51M
Total operating expenses 8.43M 24.85M 109.55M 2.96M 10.03M
Cost of revenue 364.74M 209.35M 47.16M 78.91M 3.64M
Total other income expense net -1.84M -2.09M -2.34M -3.79M 0.03M
Net income from continuing ops - 72.82M -11.96M -17.89M -9.22M
Net income applicable to common shares - 72.39M -12.13M -17.89M -9.22M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 971.76M 898.08M 471.23M 245.80M 204.88M
Other current assets 25.20M 23.43M 2.28M 1.88M 0.06M
Total liab 298.54M 267.67M 121.79M 96.14M 60.33M
Total stockholder equity 672.13M 629.96M 349.27M 149.66M 144.55M
Other current liab 80.79M - 31.49M - 4.76M
Common stock 729.07M - 429.03M 228.28M 202.08M
Capital stock - 725.34M - 228.28M 202.08M
Retained earnings -135.57M -143.50M -215.81M -203.63M -185.74M
Other liab - - - 40.98M 46.28M
Good will - - - 2.52M -
Other assets - - - 3.58M 3.58M
Cash 114.81M 58.63M 41.50M 21.77M 43.21M
Cash and equivalents - - - 0.00M 41.18M
Total current liabilities 145.11M 112.19M 60.71M 39.09M 12.17M
Current deferred revenue 22.62M - 4.01M - -
Net debt 26.07M 74.07M -23.53M - -39.69M
Short term debt 25.90M - 8.55M 0.00M 1.63M
Short long term debt - 24.95M - - -
Short long term debt total 140.88M - 17.97M - 3.52M
Other stockholder equity - - -0.00M 125.01M 128.22M
Property plant equipment - - - 202.84M 139.21M
Total current assets 224.44M 295.51M 73.68M 36.86M 51.55M
Long term investments - - - - 3.58M
Net tangible assets - - - 147.14M 144.55M
Short term investments - - - - 0.06M
Net receivables 51.30M 12.63M 22.26M 7.17M 2.98M
Long term debt - 107.74M - - -
Inventory 33.14M 26.66M 7.63M 6.05M 4.02M
Accounts payable 15.79M 20.96M 16.66M 9.86M 5.78M
Accumulated other comprehensive income 78.63M - 136.04M - 128.22M
Non currrent assets other 169.04M 16.87M -76.01M 3.58M 10.54M
Non current assets total 747.32M 602.58M 397.56M 208.94M 153.33M
Capital lease obligations - 25.60M - 27.91M 3.52M
Long term debt total - - - 16.08M 1.88M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments - -84.55M -32.15M -38.62M -25.47M
Change to liabilities - - - 12.13M 2.84M
Total cashflows from investing activities -126.33M -84.40M -32.15M -38.62M -25.47M
Net borrowings - 90.60M -5.49M -6.90M 0.58M
Total cash from financing activities 135.17M 88.90M 40.88M 4.92M 58.49M
Change to operating activities - - - 8.87M -4.79M
Net income 8.19M 72.39M -12.13M -17.89M -9.22M
Change in cash 60.19M 17.13M 19.73M -21.44M 26.38M
Begin period cash flow 54.63M 41.50M 21.77M 43.21M 16.83M
End period cash flow 114.81M 58.63M 41.50M 21.77M 43.21M
Total cash from operating activities 51.34M 12.62M 11.00M 12.24M -6.62M
Issuance of capital stock - 17.46M 61.79M 12.02M 59.89M
Depreciation 23.65M 28.79M 22.24M 9.97M 0.86M
Other cashflows from investing activities - -9.86M -21.91M 1.39M -16.47M
Dividends paid 0.25M -0.15M - 7.10M 0.90M
Change to inventory -6.48M -2.89M -1.59M -2.02M -1.53M
Change to account receivables -27.49M -18.38M -15.09M -4.19M -2.23M
Sale purchase of stock - -0.42M -0.82M -0.20M -1.99M
Other cashflows from financing activities -18.06M -17.33M -14.60M 7.30M 0.83M
Change to netincome - - - 5.38M 7.45M
Capital expenditures 64.80M 60.34M 33.75M 40.01M 9.00M
Change in working capital -0.49M -106.72M -15.90M 14.78M 0.04M
Stock based compensation - - 6.80M 3.36M 8.31M
Other non cash items 19.99M 18.17M 9.99M 19.41M 0.43M
Free cash flow -13.46M -47.71M -22.75M -27.76M -9.00M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

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)
DVP
Develop Global Ltd		 -0.40
10.13%		 3.55 197.50 6.55 3.32 1.78 3.12 27.77
BHP
BHP Group Ltd		 -1.38
2.34%		 57.62 20.70 15.82 5.10 4.00 3.51 6.71
RIO
Rio Tinto Ltd		 -3.11
2.03%		 149.93 14.04 12.02 4.03 2.49 2.85 6.74
GLC
Glencore Plc		 -0.52
5.20%		 9.48 15.15 11.30 0.38 1.95 0.40 7.60
FMG
Fortescue Ltd		 -0.31
2.00%		 15.18 11.31 13.61 2.81 1.51 1.87 4.32

Profile*

Develop Global Ltd

Develop Global Limited, together with its subsidiaries, engages in the exploration and development of mineral resource properties in Australia. It primarily explores for copper, zinc, lead, silver, gold, and lithium deposits. The company holds interest in the Yitirrti project that includes Yitirrti and Kangaroo Caves deposits and tenements; the Woodlawn Zinc-Copper Project is located at Lachlan Fold belt in New South Wales; and the Pioneer Dome Lithium Project covering approximately an area of 389 square kilometer located in the south of Kalgoorlie and north of the Esperance port. It also offers underground mining services. The company was formerly known as Venturex Resources Limited and changed its name to Develop Global Limited in October 2021. Develop Global Limited was incorporated in 2006 and is headquartered in West Leederville, Australia.

234 Railway Parade, West Leederville, WA, Australia, 6007

61 8 6389 7400

https://www.develop.com.au

741

Name Title Year Born
Mr. William James Beament B.E., M.A.I.C.D. MD & Director 1975
Mr. Alan David Rule B.Acc, B.Comm, FCA, MAICD Interim Chief Financial Officer 1962
Mr. Steven Douglas Wood B.Com, B.Com., BCom., C.A., CA Company Sec. NA
Mr. Ben MacKinnon Chief Financial Officer NA
Ms. Elle Farris General Counsel & Company Secretary NA
Mr. Guy Singleton Chief External Affairs Officer NA
Mr. Ben MacKinnon Chief Financial Officer NA
Ms. Elle Farris General Counsel & Company Secretary NA
Mr. Guy Singleton Chief External Affairs Officer NA
Mr. Ben MacKinnon Chief Financial Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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