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Australian developer of the Mardie solar salt and sulphate of potash project in Western Australia.
Australian developer of the Mardie solar salt and sulphate of potash project in Western Australia.
Has no operating revenue yet; the plan is to evaporate seawater in large ponds to make salt for chemical plants, with potash fertiliser as a by-product, sold to buyers under long-term supply agreements. Construction cost and meeting the schedule matter more than short-term salt prices.
In one line: A pre-production solar salt/potash developer.
Moat: none. Pre-production developer with no operating revenue; value depends on construction execution and offtake.
Headquarters: Perth, Australia · Founded: 1986 · Employees: 146
Size BCI Minerals (BCI.AX) is an Australia Materials company (Steel) with a market value of $1.09B, the 165th largest of 316 Australia companies the cockpit tracks. Shares closed at A$0.54 on 6 Nov 2026.
Performance Over six months the shares gained 44.6%, against -19.6% for the median peer and +4.1% for the Australia market (cap-weighted) — highest of 20 in its peer set.
Capital Return on invested capital runs 11.5 points below its cost of capital (8.5% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$0 | A$0 | A$0 | A$0 | A$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -A$4.40M | -A$4.40M | -A$4.96M | -A$6.60M | -A$4.71M |
| EBITDA | -A$56.8M | -A$56.8M | -A$61.0M | -A$51.2M | -A$37.3M |
| Net income | A$18.3M | A$19.4M | -A$47.0M | -A$15.3M | A$9.38M |
| Free cash flow | -A$333M | -A$333M | -A$399M | -A$233M | -A$231M |
| Capital expenditure | A$276M | A$276M | A$387M | A$235M | A$230M |
| Total debt | n/a | A$698M | A$369M | A$114M | A$104M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| BCI Minerals BCI.AX | $1.09B | +45% | n/a | n/a | n/a | n/a |
| K+s SDF.DE | $2.68B | -13% | +6% | 34% | 0.6× | n/a |
| Compass Minerals International CMP | $962M | -18% | +5% | 8% | 1.3× | 8.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BCI.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.3% | -5.7% | 10th highest of 21 |
| 6-month return | +44.6% | -19.6% | highest of 20 |
| Distance from 52-week high | -16.4% | -39.4% | 4th highest of 21 |
| ROIC minus cost of capital | -11.5 pp | -3.8 pp | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BCI Minerals BCI.AX | Australia | $1.09B | +45% | n/a | n/a | n/a | n/a | n/a |
| ZhongHe Shangda Aeronautic Materials 301522.SZ | China | $1.09B | -39% | +5% | 2% | 3.4× | n/a | n/a |
| Jiangsu Shagang 002075.SZ | China | $1.09B | -25% | -4% | 1% | 0.6× | n/a | n/a |
| TSP Wind Power 300129.SZ | China | $1.10B | -42% | -26% | 1% | 2.5× | n/a | n/a |
| Feng Hsin Steel 2015.TW | Taiwan | $1.11B | +4% | -12% | 0% | 1.3× | 9.2% | +1.2% |
| Vedanta Iron And Steel VISL.NS | India | $1.11B | n/a | n/a | n/a | n/a | n/a | n/a |
| Hengong Precision Equipment 301261.SZ | China | $1.04B | -9% | +34% | 5% | 5.0× | 26.1% | +15.8% |
| Tianjin You Fa Steel Pipe Group Stock 601686.SS | China | $1.03B | -15% | -2% | 1% | 0.3× | 4.0% | +0.9% |
| Tokyo Steel Manufacturing 5423.T | Japan | $1.17B | -1% | -1% | -1% | 0.5× | n/a | n/a |
| Zhongnanhong Culture 002445.SZ | China | $1.17B | -7% | -1% | 1% | 6.0× | n/a | n/a |
| Guizhou Aviation Technical Development 688239.SS | China | $1.19B | -39% | +23% | 12% | 4.0× | 17.7% | +25.0% |
| Sansteel MinGuang Co., Ltd., Fujian 002110.SZ | China | $993M | -20% | -7% | -2% | 0.6× | 9.7% | -2.4% |
| Xinyu Iron & Steel 600782.SS | China | $1.20B | -17% | -13% | -4% | 0.4× | n/a | n/a |
| Beijing Lier High-Temperature Materials 002392.SZ | China | $1.20B | -29% | +16% | 4% | 1.3× | 15.4% | +10.2% |
| Companhia Siderurgica Nacional Sponsored ADR SID | United States | $984M | -38% | +9% | 10% | 1.1× | n/a | n/a |
| Labrador Iron Ore Royalty LIF.TO | Canada | $981M | -23% | -15% | 75% | 8.9× | 0.6% | -3.9% |
| Hanza HANZA.ST | Sweden | $978M | -11% | +72% | 8% | 1.2× | 10.4% | +22.8% |
| Fushun Special Steel 600399.SS | China | $1.22B | -25% | +6% | -5% | 1.5× | n/a | n/a |
| Xining Special Steel 600117.SS | China | $976M | -23% | 0% | -21% | 1.7× | n/a | n/a |
| Aichi Steel 5482.T | Japan | $970M | -17% | +4% | 5% | 0.6× | 1.6% | +8.5% |
| NMDC Steel NSLNISP.NS | India | $1.23B | -10% | +42% | 3% | 0.8× | 20.8% | +41.6% |