Magnis Energy Technologies Ltd - Company Profile
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Magnis Energy Technologies Ltd (Magnis), formerly Magnis Resource Limited, is an exploration and development company with a diverse pipeline of projects in Australia and East Africa. The company is engaged in mining natural flake graphite comprising super jumbo, jumbo, and large flake; and manufacturing of lithium-ion battery (LIB) cells. It holds interest in the Nachu graphite project located in the South East of Tanzania. These services are offered to various industries including batteries for storing electrical energy. It has two lithium-ion battery gigafactories based in the US and Australia. The company operates in Australia, Tanzania and Mozambique. Magnis Energy is headquartered in Sydney, Australia.
Headquarters
Australia
Address
Suite 11.01, 1 Castlereagh Street, Sydney, New South Wales, 2000
Website
magnis.com.au
Telephone
61 2 83979888
No of Employees
9
Industry
Metals and Mining
Ticker Symbol & Exchange
MNS (ASX)
Revenue (2023)
$181,900
929.8%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-39.8%
(2023 vs 2022)
Market Cap*
$33.0M
Net Profit Margin (2023)
XYZ
86.4%
(2023 vs 2022)
* As of and is in US$
Magnis Energy Technologies Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Lithium-Ion Batteries |
| Graphite |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In May, the company's iM3NY entered into a joint venture agreement with Omega Seiki Mobility to manufacture and sell lithium-ion battery packs. |
| 2023 | Contracts/Agreements | In April, the company awarded Worley Group Inc a services contract to provide pre-Front-End Engineering & Design and project permitting services for its planned commercial scale Anode Active Materials project in the US. |
| 2023 | Contracts/Agreements | In February, the company entered into an agreement with Tesla to supply battery anode materials. |
Competitor Comparison
| Key Parameters | Magnis Energy Technologies Ltd | EcoGraf Ltd | First Graphene Ltd | Sovereign Metals Ltd | Black Rock Mining Ltd |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Sydney | Perth | Nedlands | Perth | Perth |
| State/Province | New South Wales | Western Australia | Western Australia | Western Australia | Western Australia |
| No. of Employees | 9 | 1 | 195 | 5 | 4 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Frank Poullas | Chairman | Executive Board | 2014 | - |
| Hoshi Daruwalla | Director; Managing Director | Executive Board | 2023 | - |
| Jurgen Behrens | Chief Financial Officer | Senior Management | 2020 | - |
| Duncan Glasgow | General Counsel; Secretary | Senior Management | 2022 | - |
| Aran Nagendra | Corporate Development & Investor Relations Manager | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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