Heavy Rare Earths (ASX:HRE) EBIT: A$-3.42 Mil (TTM As of Dec. 2025)

What is Heavy Rare Earths EBIT?

Heavy Rare Earths ASX:HRE EBIT is A$-3.42 Mil as of Dec. 2025. The stock has 2 warning signs investors should review.

Heavy Rare Earths's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was A$-0.88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-3.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Heavy Rare Earths's annualized ROC % for the quarter that ended in Dec. 2025 was -4,200.00%. Heavy Rare Earths's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -5,113.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Heavy Rare Earths's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -120.74%.

Heavy Rare Earths (ASX:HRE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Heavy Rare Earths's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	-1.764 * ( 1 - 0% )	/	( (0.0070000000000001	+	0.077)	/ 2 )
=	-1.764	/	0.042
=	-4,200.00 %

where

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1.989	-	0.148	-	( 1.935	-	max(0, 0.148	-	1.982	+	1.935	))
=	0.0070000000000001

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1.476	-	0.428	-	( 1.326	-	max(0, 0.442	-	1.413	+	1.326	))
=	0.077

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Heavy Rare Earths's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.764	/	( ( (0.007 + max(-0.101, 0))	+	(0.062 + max(-0.355, 0)) )	/	2 )
=	-1.764	/	( ( 0.007	+	0.062 )	/	2 )
=	-1.764	/	0.0345
=	-5,113.04 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.03	+	0	+	0.017)	-	(0.148	+	0	+	0)
=	-0.101

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.072	+	0	+	0.015)	-	(0.428	+	0	+	0.014)
=	-0.355

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Heavy Rare Earths's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	-3.423	/	2.835
	=	-120.74 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Heavy Rare Earths EBIT Related Terms

Heavy Rare Earths EBIT Historical Data

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The historical data trend for Heavy Rare Earths's EBIT can be seen below:

Heavy Rare Earths EBIT Chart

Heavy Rare Earths Annual Data

Trend

Jun23

Jun24

Jun25

EBIT

-1.82

-1.34

-3.35

Heavy Rare Earths Semi-Annual Data
	Jun22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
EBIT	Get a 7-Day Free Trial			-0.49	-0.85	-0.81	-2.54	-0.88

ASX:HRE vs UEC, LEU: EBIT Comparison

For the Uranium subindustry, Heavy Rare Earths's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Heavy Rare Earths EV-to-EBIT vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Heavy Rare Earths's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Heavy Rare Earths's EV-to-EBIT falls into.

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Heavy Rare Earths EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-3.42 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of A$-3.42 Mil mean?

Heavy Rare Earths (ASX:HRE) has a EBIT of A$-3.42 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Heavy Rare Earths.

Is Heavy Rare Earths' EBIT too high?

Heavy Rare Earths' current EBIT is A$-3.42 Mil.

How does Heavy Rare Earths' EBIT compare to UEC and LEU?

Heavy Rare Earths' EBIT of A$-3.42 Mil can be compared against companies in the Other Energy Sources industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Other Energy Sources company?

A good EBIT depends on the Other Energy Sources industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Heavy Rare Earths. Heavy Rare Earths's current EBIT is A$-3.42 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Heavy Rare Earths stock overvalued right now?

Heavy Rare Earths (ASX:HRE) has a current EBIT of A$-3.42 Mil. The current EBIT is A$-3.42 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Heavy Rare Earths (ASX:HRE), the current EBIT is A$-3.42 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Heavy Rare Earths Business Description

Industry Energy Other Energy Sources

Comparable Companies ASX:ZEU ASX:BSN ASX:T92 ASX:1AE ASX:AMU ASX:ADD ASX:EME TSX:CCO SZSE:001280 XKAZ:KZAP TSX:NXE UEC TSX:U.U TSX:EFR ASX:PDN LEU TSX:DML HKSE:01164 LSE:YCA ASX:DYL

Address C/- JM Corporate Services, 459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website https://www.hreltd.com.au

Heavy Rare Earths Ltd is engaged in the evaluation and exploration of heavy rare earths and other resources at its areas of interest located in Western and Southern Australia. Its project portfolio includes: Radium Hill uranium critical minerals project, Prospect Hill uranium critical minerals project, Lake Namba Billeroo uranium project, Perenjori uranium project, Cowalinya rare earth project, and Duke project.