Reward Minerals

RWD.AX

Industrial Materials · Basic Materials

Price

A$0.03

+0.00 (+0.00%)

Market Cap

A$8.4M

Exchange

Australian Securities Exchange

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+38.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 194.8M (2021) → 269.7M (2025)

Reward Minerals Ltd is an Australian enterprise dedicated to the prospecting and advancement of mineral assets across the country. Its primary undertaking is the fully-owned Lake Disappointment Sulphate of Potash Project, a substantial endeavor encompassing around 5,000 square kilometers of approved land holdings. This project is located within Western Australia's Little Sandy Desert. The company maintains its corporate base in Nedlands, Australia.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+100.0% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-342.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

Research and development spending

Cash Runway

~6 months

$938,640 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Reward Minerals grew revenue 100% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

N/A

Data not available

Operating Margin

N/A

Data not available

ROCE

-22.3%

Weak — -22.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+180.9%

Fast-growing sales (180.9% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-4456.3%

Burning cash (-4456.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

—

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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