Blue Gold Ltd

BGLdata completeness 75%2 fiscal years on file

Data notes: no data for concept 'revenue'; no data for concept 'totalDebt'; no data for concept 'incomeTaxExpense'

i. The business — what you’d actually own
FigureFY 2024FY 2025
Revenue
Net income−$11.6M1−$21.9M1
Operating cash flow−$6.23M2−$10.6M2
Capital expenditure$355,2773$2,8463
Free cash flow (derived)−$6.59M2−$10.6M2
Total debt
Cash & equivalents$170,5574$679,4424
Diluted shares9.2M14.1M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$14.33
your share of equity
Profit it earned you last year
−$15.57
Free cash flow it threw off
−$7.51
Debt you’d be carrying

10 shares is a claim on −$14.33 of net worth that earned you −$15.57 and generated −$7.51 of cash last year.

iii. Is this a good business?
Moat signal · return on equity
avg · 2y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
+53% shares · 2y

Share count is up 53% over 2 years — owners have been diluted. Worth asking what they got for it.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
only 2 years of net income (need ≥3)
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 20-F · period ending 2024-12-31 · accession 0001213900-26-048773 (NetIncomeLoss)
  2. 20-F · period ending 2024-12-31 · accession 0001213900-26-048773 (NetCashProvidedByUsedInOperatingActivities)
  3. 20-F · period ending 2024-12-31 · accession 0001213900-26-048773 (PaymentsToAcquirePropertyPlantAndEquipment)
  4. 20-F · period ending 2024-12-31 · accession 0001213900-26-048773 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)