Breakthrough Minerals (ASX:BTM) Operating Income: A$-5.75 Mil (TTM As of Dec. 2025)


ASX:BTM Breakthrough Minerals Ltd ASX:BTM
38 GF Score
Price A$0.17
! 4 Warning Signs
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What is Breakthrough Minerals Operating Income?

Breakthrough Minerals ASX:BTM 38 Operating Income is A$-5.75 Mil as of Dec. 2025. GuruFocus rates ASX:BTM with a GF Score™ of 38/100. The stock has 4 warning signs investors should review.

Breakthrough Minerals's Operating Income for the six months ended in Dec. 2025 was A$-3.89 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was A$-5.75 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Breakthrough Minerals's Operating Income for the six months ended in Dec. 2025 was A$-3.89 Mil. Breakthrough Minerals's Revenue for the six months ended in Dec. 2025 was A$0.00 Mil. Therefore, Breakthrough Minerals's Operating Margin % for the quarter that ended in Dec. 2025 was %.

Breakthrough Minerals's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Breakthrough Minerals's annualized ROC % for the quarter that ended in Dec. 2025 was -225.66%. Breakthrough Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -302.29%.

Breakthrough Minerals  (ASX:BTM) Operating Income Explanation

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

Breakthrough Minerals'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 )
=-7.784 * ( 1 - 0% )/( (4.829 + 2.07)/ 2 )
=-7.784/3.4495
=-225.66 %

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))
=6.13 - 0.307 - ( 2.099 - max(0, 1.181 - 2.175+2.099))
=4.829

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))
=2.669 - 0.5 - ( 1.364 - max(0, 1.374 - 1.473+1.364))
=2.07

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:

Breakthrough Minerals'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 )
=-7.784/( ( (3.955 + max(-1.165, 0)) + (1.195 + max(-1.265, 0)) )/ 2 )
=-7.784/( ( 3.955 + 1.195 )/ 2 )
=-7.784/2.575
=-302.29 %

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 + 0 + 0.016) - (0.307 + 0 + 0.874)
=-1.165

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.108 + 0 + 0.00099999999999989) - (0.5 + 0 + 0.874)
=-1.265

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. Operating Income is also linked to Operating Margin %:

Breakthrough Minerals's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-3.892/0
= %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Breakthrough Minerals Operating Income Related Terms

Breakthrough Minerals Operating Income Historical Data

* Premium members only.

The historical data trend for Breakthrough Minerals's Operating Income can be seen below:

* 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.

Breakthrough Minerals Operating Income Chart

Breakthrough Minerals Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.20 -2.46 -1.21 -1.13 -3.41

Breakthrough Minerals Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.59 -0.53 -1.54 -1.86 -3.89
ASX:BTM
38GF Score
Breakthrough Minerals Ltd ASX:BTM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Breakthrough Minerals Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income 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$-5.75 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of A$-5.75 Mil mean?
Breakthrough Minerals (ASX:BTM) has a Operating Income of A$-5.75 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Breakthrough Minerals and its competitors.
Is Breakthrough Minerals' Operating Income too high?
Breakthrough Minerals' current Operating Income is A$-5.75 Mil. Overall, Breakthrough Minerals has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Breakthrough Minerals' Operating Income compare to competitors?
Breakthrough Minerals' Operating Income of A$-5.75 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Metals & Mining company?
A good Operating Income depends on the Metals & Mining industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Breakthrough Minerals and its competitors. Breakthrough Minerals's current Operating Income is A$-5.75 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Breakthrough Minerals stock overvalued right now?
Breakthrough Minerals (ASX:BTM) has a current Operating Income of A$-5.75 Mil. The current Operating Income is A$-5.75 Mil. Breakthrough Minerals' overall GF Score™ is 38/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Breakthrough Minerals (ASX:BTM), the current Operating Income is A$-5.75 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.

Breakthrough Minerals Business Description

Address 2 Park Street, Level 40, Sydney, NSW, AUS, 2000
Breakthrough Minerals Ltd is an environmentally responsible, diversified mining and energy group with a core focus on battery, base, and precious metals exploration. Its goal is to support decarbonization and electrification for a clean energy future. The group currently focuses on the development of prospective and underexplored projects in Australia: the Llama Lithium Project and the Yalgarra Project.
38GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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