profit from every A$100 of sales.
A$0A$100
Develop Global
A$3.52-4.09% today
-17.9% in 1 year
1-year low A$3.521-year high A$7.51
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay A$16.04 for every A$1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Develop Global sold, what it kept, and what it did with the cash.
Sales went from A$4.51 million in 2022 to A$231 million in 2025, with A$72.4 million of profit last year.
SalesProfit
Develop Global vs. similar companies
Develop Global grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from A$100 of sales | Sales growth a year | Price per A$1 of profit |
|---|---|---|---|
| Develop Global | 16.0× · Fair price | ||
 BHP Group | 22.4× · Fair price | ||
 Rio Tinto Group | 13.6× · Cheap | ||
 Grupo México, S.A.B. de C.V. | 18.8× · Fair price | ||
 Glencore | 217.5× · Very expensive |
AI analysis
An AI analyst reads Develop Global's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 5 | 68 | 147 | 231 | |
| 1 | 4 | 100 | 167 | |
| -9 | -14 | -9 | -3 | |
| -9 | -1 | 12 | 27 | |
| -9 | -18 | -12 | 72 | |
| -0.06 | -0.11 | -0.05 | 0.26 | |
| 19.4% | 5.2% | 68.0% | 72.3% | |
| -202.8% | -20.8% | -6.4% | -1.2% | |
| -204.4% | -26.4% | -8.2% | 31.3% |
Balance sheet
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 205 | 246 | 471 | 898 |
| Cash | 43 | 22 | 41 | 59 |
| Total debt | 4 | 28 | 41 | 158 |
| Total liabilities | 60 | 96 | 122 | 268 |
| 145 | 150 | 349 | 630 | |
| 145 | 167 | 226 | 281 | |
| -4.3% | -4.5% | -1.9% | -0.2% | |
| -6.4% | -12.0% | -3.5% | 11.5% |
Cash flow
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| – | – | – | – | |
| 9 | 40 | 34 | 73 | |
| -16 | -28 | -23 | -60 | |
| Dividends paid | – | – | – | – |
| 2 | 0 | 1 | 0 | |
| – | – | – | – |
Valuation
- 16.0×
- –
- –
- 3.3×
- 5.0×
- –
- 46.8×
- -5.2%
- 6.2%
- –
Profitability
- 72.3%
- -1.2%
- 31.3%
- –
- -0.2%
- -2.7%
- –
- –
- –
- –
Growth
- +271.6%
- –
- –
- –
- +24.8%
Financial health
- 3.7×
- 0.25
- –
- -0.6×
- 2.63
- –
- –
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 14%of 992
Bottom 8%of 961
Top 34%of 789
Top 1%of 956
Bottom 14%of 991
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
33No pass
Benjamin Graham
52No pass
Philip Fisher
52No pass
Peter Lynch
100Pass
Joel Greenblatt
18No pass
Charlie Munger
38No pass
Terry Smith
31No pass
Questions about Develop Global
Is Develop Global a good stock to buy?
A business with weak numbers at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Develop Global AI analysis
What does Develop Global do?
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. It is in Other Industrial Metals & Mining, based in West Leederville, WA, Australia, with 651 employees.
Is Develop Global stock halal?
Yes. Develop Global passes our halal screen: its business is permitted and its debt is 14% of its market value, under the 30% limit. How we check
How has Develop Global stock done over the past year?
Down 17.9% over the past twelve months, to A$3.52. It traded between A$3.52 and A$7.51 and is 53.1% below its high.
Who are Develop Global's competitors?
The largest listed companies in the same industry are BHP Group, Rio Tinto Group, Grupo México, S.A.B. de C.V. and Glencore. The peers table on this page compares their profit, growth and price with Develop Global's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.