Companies / PHO

PHOSCO LTD

ASX:PHOMaterials
540.8M shares on issueASX (delayed) · as of 28 July 2026$0.15price · delayed$73.0Mmarket cap · indicative
F
Dilution grade

Share count grew 93% in 24 months; runway 2–4 quarters; 5 cash raises in 24 months

Cash runway3.4 quarters of funding
Share-count growth (24m)93.1%
Raise cadence (24m)5 cash raises
Options & rights overhang33.9% of shares
In-the-money supply31.1% of shares
Pending proposed issuesnone

PHOSCO LTD's ordinary share count grew 93.1% between February 2024 and July 2026, reaching 539M shares. The company raised capital five times in that period for total disclosed proceeds of A$22.1M, most recently a A$5.0M placement in February 2026. Options and rights on issue could convert into 183M new shares, equal to 33.9% of the current share count, with 31% of current shares represented by in‑the‑money instruments; the nearest expiry is May 2027. At the March 2026 quarter the company reported A$4.1M in available cash, covering 3.4 quarters at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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33.9%
Max option dilution
31.1%
ITM option dilution
2
Raises · last 12 months
3.4 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 540.8M per ASX (delayed) (28 July 2026).
336.1M411.3M486.4MDec 24Sept 25July 26Cash raise · 13 Feb 2026Cash raise · 13 Feb 2026Cash raise · 17 Apr 2025Cash raise · 7 Apr 2025Cash raise · 6 Mar 2025

Cash runway

3.4 qtrs
Two to four quarters of funding at the recent spend rate.
$4.1M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
1 July 20262A · quoted issuePHO : ORDINARY FULLY PAID538.8MAppendix 2A
1 July 20262A · quoted issuePHO : ORDINARY FULLY PAID537.8MAppendix 2A
10 June 20262A · quoted issuePHO : ORDINARY FULLY PAID535.8MAppendix 2A
20 May 20262A · quoted issuePHO : ORDINARY FULLY PAID533.7MAppendix 2A
11 May 20262A · quoted issuePHO : ORDINARY FULLY PAID530.7MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

5 cash raises in the last 24 months · 2 in the last 12 months

$5.0M
Placement
13 Feb 2026 COMPLETE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

33.9%
Total overhang · of current shares
31.1%
In the money · at current price
183.2M
Potential new shares
May 2027
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
2 July 2026Mehdi Ben AbdallahOther5.0M——3Y notice
2 Dec 2025Robin Anthony WiddupOther1.5M6.6M—3Y notice
2 Dec 2025Tarecq Elias AldaoudOther3.3M——3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

13 July 2026PhosCo Appoints Project Director
5 July 2026Change of Director's Interest Notice
1 July 2026Section 708A Cleansing Statement
1 July 2026Application for quotation of securities - PHO
1 July 2026Application for quotation of securities - PHO
21 June 2026Drilling commences at King's Eye
18 June 2026$PA$1.1M Cash Received from EBRD
10 June 2026Application for quotation of securities - PHO
8 June 2026$PNew Gasaat Discovery at KH
2 June 2026$POutstanding drilling results at DOH
25 May 2026$PBreakthrough Metallurgical Test Results
20 May 2026Application for quotation of securities - PHO
11 May 2026Application for quotation of securities - PHO
5 May 2026$PMaiden resources boost scale and economic outlook
28 Apr 2026$PHigh-Grade Copper-Antimony-Silver-Zinc Assays at King's Eye
27 Apr 2026$PMarch 2026 Quarterly Activities and Cashflow Report
6 Apr 2026$PDrilling at KM continues to deliver
25 Mar 2026$PDOH drilling confirms discovery of scale
16 Mar 2026Half-year Financial Report - 31 December 2025
26 Feb 2026Notification regarding unquoted securities - PHO

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.