Horizon Minerals (ASX:HRZ) Loss Narrows To A$3.6 Million Challenging Bearish Narratives

Simply Wall St.

Yesterday

Horizon Minerals (ASX:HRZ) has just posted its H1 2026 numbers, with trailing 12 month revenue at about A$97.6 million and a net loss of roughly A$3.6 million, translating to trailing EPS of A$0.0217 ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2619175055"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2619175055\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2619175055?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/2053000-choice2-main-header/1585186554136","is_english":true,"pubTime":"2026-03-15 04:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2619175055","market":"hk","top_or_hot":-1,"title":"Horizon Minerals (ASX:HRZ) Loss Narrows To A$3.6 Million Challenging Bearish Narratives","media":"Simply Wall St.","content":"<div>\n<p>Horizon Minerals (ASX:HRZ) has just posted its H1 2026 numbers, with trailing 12 month revenue at about A$97.6 million and a net loss of roughly A$3.6 million, translating to trailing EPS of A$0.0217 ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/materials/asx-hrz/horizon-minerals-shares/news/horizon-minerals-asxhrz-loss-narrows-to-a36-million-challeng\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Horizon Minerals (ASX:HRZ) Loss Narrows To A$3.6 Million Challenging Bearish Narratives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHorizon Minerals (ASX:HRZ) Loss Narrows To A$3.6 Million Challenging Bearish Narratives\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-15 04:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/au/materials/asx-hrz/horizon-minerals-shares/news/horizon-minerals-asxhrz-loss-narrows-to-a36-million-challeng><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Horizon Minerals (ASX:HRZ) has just posted its H1 2026 numbers, with trailing 12 month revenue at about A$97.6 million and a net loss of roughly A$3.6 million, translating to trailing EPS of A$0.0217 ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/materials/asx-hrz/horizon-minerals-shares/news/horizon-minerals-asxhrz-loss-narrows-to-a36-million-challeng\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HRZ.AU","symbol_name":"Horizon Minerals Ltd","start_time":0,"source_url":"https://simplywall.st/stocks/au/materials/asx-hrz/horizon-minerals-shares/news/horizon-minerals-asxhrz-loss-narrows-to-a36-million-challeng","article_id":"2619175055","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/2053000-choice2-main-header/1585186554136"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/au/materials/asx-hrz/horizon-minerals-shares/news/horizon-minerals-asxhrz-loss-narrows-to-a36-million-challeng","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2619175055","pubTimestamp":1773520119,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Horizon Minerals (ASX:HRZ) has just posted its H1 2026 numbers, with trailing 12 month revenue at about A$97.6 million and a net loss of roughly A$3.6 million, translating to trailing EPS of A$0.0217 loss. The company has seen reported half year revenue move from essentially A$0 in H2 2024 to A$0.6 million in H1 2025, then A$36.2 million in H2 2025. Over the same periods, half year EPS has ranged from a loss of A$0.1009 per share in H2 2024 to a loss of A$0.054 in H1 2025 and a loss of...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"HRZ.AU":"Horizon Minerals Ltd","BK7104":"黄金"},"translate_title":"Horizon Minerals(ASX：HRZ)亏损收窄至360万澳元挑战看跌叙事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HRZ.AU":1.5},"content_text":"Horizon Minerals (ASX:HRZ) has just posted its H1 2026 numbers, with trailing 12 month revenue at about A$97.6 million and a net loss of roughly A$3.6 million, translating to trailing EPS of A$0.0217 loss. The company has seen reported half year revenue move from essentially A$0 in H2 2024 to A$0.6 million in H1 2025, then A$36.2 million in H2 2025. Over the same periods, half year EPS has ranged from a loss of A$0.1009 per share in H2 2024 to a loss of A$0.054 in H1 2025 and a loss of A$0.145 in H2 2025. This leaves investors focused on how quickly margins can close the gap between rising sales and ongoing losses. See our full analysis for Horizon Minerals. With the headline numbers on the table, the next step is to line them up against the most common stories around Horizon Minerals to see which narratives the latest margins support and which ones start to look out of sync. Curious how numbers become stories that shape markets? Explore Community Narratives ASX:HRZ Revenue & Expenses Breakdown as at Mar 2026 AdvertisementTwelve month loss narrows to A$3.6 million  Over the latest twelve month period to H1 2026, Horizon booked about A$97.6 million in revenue and a net loss of roughly A$3.6 million, compared with the earlier trailing set in the inputs that paired A$36.9 million of revenue with a A$23.8 million loss. What stands out for a bearish view that focuses on Horizon as structurally loss making is that the company has reported losses in each of the half year periods shown. Yet the most recent trailing twelve month loss of A$3.6 million is much smaller than the A$23.8 million loss in the earlier trailing sample, which raises questions about how durable the five year trend of losses widening at around 17.2% a year really is when set against the most recent A$97.6 million revenue base.\n     Bears often point to the H2 2025 half year net loss of A$19.5 million on A$36.2 million of revenue as an example of weak profitability, but the newer twelve month view that includes H1 2026 shows a much lower loss alongside a larger revenue figure. The trailing dataset also highlights that, even after this move, Horizon is still unprofitable on an EPS basis, with twelve month EPS at a loss of A$0.0217 per share, so anyone leaning bearish can still argue that the company has not yet shown a period of positive earnings in these figures.    Revenue ramp follows long stretch of near zero sales  The half year history in the inputs runs from essentially A$0 revenue in H2 2024 to A$0.6 million in H1 2025 and then A$36.2 million in H2 2025, feeding into the trailing twelve month revenue of A$97.6 million that investors are now working with. For an optimistic storyline that likes Horizon as a developing producer, the shift from half year revenue near A$0 to tens of millions of dollars, together with the forecast that earnings could move from loss to profit with very large annual growth rates over the next three years, strongly supports the idea that the business has moved into a different phase. However, this sits alongside the H2 2025 net loss of A$19.5 million and the H1 2025 net loss of A$4.3 million, so the bullish angle on future profitability is leaning heavily on forecasts rather than on any single half year where both revenue and net income are positive in the supplied numbers.\n     Bulls can point to the twelve month revenue of A$97.6 million as evidence that the company now has a meaningful sales base, in contrast with the A$0 to A$0.6 million half year revenues reported through most of 2024 and early 2025. At the same time, the trailing twelve month net loss of A$3.6 million and the three half year EPS losses of A$0.1009, A$0.054 and A$0.145 per share show that any bullish case around strong forecast earnings growth still has to bridge a current record that is entirely loss making.    Dilution and mixed valuation signals on a A$1.00 share price  With the share price at A$1.00 and a reported P/S ratio of 2.6x against an industry average of 102x and a peer figure of negative 17.3x in the dataset, Horizon screens as much cheaper than the broader Australian Metals and Mining group on sales, while looking more expensive than that specific peer metric, all against a backdrop of substantial dilution in the past year and a five year trend where losses increased at roughly 17.2% a year. For investors questioning a bearish focus on dilution and valuation, critics highlight that heavy share issuance in the past year has already affected per share metrics and ownership. Even with the current A$1.00 share price and a 2.6x P/S ratio that looks low next to the 102x industry figure, the company is still unprofitable with a twelve month EPS loss of A$0.0217 and forecasts that revenue could decline very sharply over the next three years, so a cautious stance argues that the mixed valuation picture and dilution history remain central to assessing the shares. Next Steps\nDon't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Horizon Minerals's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. With mixed signals on growth, losses and dilution running through this update, it makes sense to move quickly and check the full picture for yourself. Before you decide where you stand, take a closer look at the balance of risks and potential upsides in our summary of 1 key reward and 1 important warning sign. See What Else Is Out There Horizon Minerals is still reporting losses on every half year in the sample, with dilution and unproven profitability keeping its recent revenue ramp firmly in the high risk camp. If that mix of losses, dilution and uncertainty has you wanting something steadier, consider using our 7 resilient stocks with low risk scores to quickly spot companies where the numbers suggest a more resilient profile.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Horizon Minerals might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}