Companies / MPW

METAL POWDER WORKS LIMITED

ASX:MPWCapital Goods
121.3M shares on issueASX (delayed) · as of 28 July 2026$1.90price · delayed$222.6Mmarket cap · indicative
F
Dilution grade

Share count grew 118% in 24 months; runway 2–4 quarters; 3 cash raises in 24 months

Cash runway3.0 quarters of funding
Share-count growth (24m)118.0%
Raise cadence (24m)3 cash raises
Options & rights overhang68.2% of shares
In-the-money supply8.1% of shares
Pending proposed issuesnone

METAL POWDER WORKS LIMITED's ordinary share count grew 118.0% between February 2025 and May 2026, to 121M shares. The company raised capital three times in that period, with disclosed total proceeds of A$15.0M and the most recent raise dated December 2025. Options and rights on issue could convert into 83M new shares, equal to 68.2% of the current share count, of which 8% are in the money at the current share price; the nearest expiry is December 2026. At the March 2026 quarter the company reported A$9.1M in available cash, about 3.0 quarters of funding 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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68.2%
Max option dilution
8.1%
ITM option dilution
3
Raises · last 12 months
3.0 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 121.3M per ASX (delayed) (28 July 2026).
127.3M135.7M144.0MMar 25Nov 25July 26Cash raise · 23 Dec 2025Cash raise · 12 Sept 2025Cash raise · 4 Sept 2025

Cash runway

3.0 qtrs
Two to four quarters of funding at the recent spend rate.
$9.1M 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
29 May 20262A · quoted issueMPW : ORDINARY FULLY PAID121.3MAppendix 2A
1 May 20262A · quoted issueMPW : ORDINARY FULLY PAID121.2MAppendix 2A
14 Apr 20262A · quoted issueMPW : ORDINARY FULLY PAID121.2MAppendix 2A
18 Mar 20262A · quoted issueMPW : ORDINARY FULLY PAID121.0MAppendix 2A
11 Mar 20262A · quoted issueMPW : ORDINARY FULLY PAID120.9MAppendix 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

3 cash raises in the last 24 months · 3 in the last 12 months

—
Capital raise
23 Dec 2025
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

68.2%
Total overhang · of current shares
8.1%
In the money · at current price
82.8M
Potential new shares
Dec 2026
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
29 June 2026John BarnesSell376k—$658k3Y notice
29 Dec 2025Darryl AbotomeyOther125k——3Y notice
29 Dec 2025Bruno CampisiOther125k——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

22 July 2026MPW Appoints Chief Operating Officer
19 July 2026Investor Presentation
2 July 2026Change of Director's Interest Notice - JB
8 June 2026MPW Partnership with Jet Metals for Copper Based Powders
29 May 2026Cleansing Statement
29 May 2026Application for quotation of securities - MPW
26 May 2026$PWestinghouse Partnership for Advanced Nuclear Applications
18 May 2026Change in substantial holding
1 May 2026Cleansing Statement
1 May 2026Application for quotation of securities - MPW
1 May 2026March Quarterly Report Webinar
28 Apr 2026$PMPW Scales Production 5X to 100MT Annual Capacity
21 Apr 2026$PMarch 2026 Quarter Activities Update and Appendix 4C
14 Apr 2026Cleansing Statement
14 Apr 2026Application for quotation of securities - MPW
13 Apr 2026$PMPW Meets All ASTM Benchmarks for Laser Powder Bed Fusion
18 Mar 2026Cleansing Statement
18 Mar 2026Application for quotation of securities - MPW
11 Mar 2026Cleansing Statement
11 Mar 2026Application for quotation of securities - MPW

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