Companies / ABX

ABX GROUP LIMITED

ASX:ABXMaterials
374.9M shares on issueASX (delayed) · snapshot 11 Sept 2026522.8M fully diluted+39.5% if every option and right converts$0.039price · delayed$14.6Mmarket cap · indicative

Today’s holders own 71.7% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 50% in 24 months; 3 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway-0.4 quarters of funding
Share-count growth (24m)49.9%
Raise cadence (24m)3 cash raises
Options & rights overhang39.5% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesnone

ABX GROUP LIMITED's ordinary share count grew 49.9% between February 2024 and June 2026, to 375M shares. The company raised capital three times in the past 24 months for total disclosed proceeds of A$10.8M, most recently a A$6.0M placement in November 2025. Options on issue could convert into 148M new shares, equal to 39.5% of the current share count; the nearest expiry falls in November 2027. At the June 2026 quarter the company reported A$-674K in available cash, about -0.4 quarters of funding at its recent spending rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
Get told when this changes
Set up alerts
Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.
39.5%
Options & rights overhang
In-the-money supply · most strikes not on record
1
Raises · last 12 months
-0.4 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 374.9M per ASX (delayed) (snapshot 11 Sept 2026).
250M300M350MDec 24Oct 25Sept 26Cash raise · 20 Nov 2025Cash raise · 5 Sept 2025Cash raise · 13 Dec 2024374.9M

Cash runway

-0.4 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-692k cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $600k cash at quarter end (item 4.6), 0.9 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
Free account
11 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
4 June 20262A · quoted issueABX : ORDINARY FULLY PAID374.9MAppendix 2A
4 June 20263G · unquotedABX : ORDINARY FULLY PAID374.3MAppendix 3G
15 Apr 20262A · quoted issueABX : ORDINARY FULLY PAID374.3MAppendix 2A
17 Mar 20263G · unquotedABX : ORDINARY FULLY PAID374.3MAppendix 3G
17 Mar 20263G · unquotedABX : ORDINARY FULLY PAID374.3MAppendix 3G
Free account
32 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Capital raises

3 cash raises in the last 24 months · 1 in the last 12 months

every 5.6 monthsaverage gap between raises
9.7 monthssince the most recent
13 Dec 202420 Nov 2025first to most recent in this window
$6.0M
Placement
20 Nov 2025
Free account
5 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

Free account
8 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No estimatethe filings already exceed 15% of the share count we can measure, which means securities were added to the base during the year that we cannot see. The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure.
Free account
Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

39.5%
Options & rights overhang · of current shares
In-the-money supply · most strikes not on record
147.9M
Potential new shares
Nov 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered146.1M · 39.0% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 103.2M of it states no exercise price — that much cannot be called in or out of the money.
  • Converts on terms1.8M · 0.5% of shares
    Convertibles with no exercise price — they convert on their own terms, so they are shares in all but name.

Exercise price on record: 42.9M priced, 105.0M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on
74.0M147.9M$0.039 now0.25× today ($0.010) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.019) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.029) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.039) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.049) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.058) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.078) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.117) — 42.1M of the priced supply in the money, 11.2% of shares on issue5× today ($0.195) — 42.9M of the priced supply in the money, 11.4% of shares on issue10× today ($0.390) — 42.9M of the priced supply in the money, 11.4% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

An exercise price is on record for only 29.0% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.039 today. No more priced supply until today’s price, which takes it to 42.1M (11.2% of shares).

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
  • 105.0M (71.0% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
ABXOOptionsPrice-triggered17 Nov 2027103.1MFiling
ABXAFOptionsPrice-triggered$0.08014 Mar 202820.4MFiling
ABXAGOptionsPrice-triggered$0.08025 Mar 2028540kFiling
ABXABOptionsPrice-triggered$0.171 June 2028750kFiling
ABXAHOptionsPrice-triggered$0.08011 June 20281.2MFiling
ABXAIOptionsPrice-triggered$0.08218 June 20282.0MFiling
ABXAKOptionsPrice-triggered$0.08017 Mar 202915.0MFiling
OptionsPrice-triggered$0.114 June 20293.0MFiling
ABXADOptionsPrice-triggered150kFiling
ABXAENotesConverts on terms1.8MFiling

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • ABXAJPrice-triggered54.7M securities → 015 Apr 2026 Appendix 2A
Free account
10 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
4 June 2026Ian LevyOther8.1M500k100k$11k3Y notice
4 June 2026Joycelyn MortonOther2.3M2.3M100k$45k3Y notice
4 June 2026Mark CookseyOther535k2.4M30k$43k3Y notice
Free account
14 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Free account: 2 full company unlocks every month, no card.
Create free account

Latest announcements

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.