ASX Penny Stocks To Consider In September 2025

Market Cap: A$885.31M

Macmahon Holdings, with a market cap of A$885.31 million, has demonstrated strong revenue growth, reporting A$2.43 billion for the year ended June 2025. Earnings have grown significantly by 38.9% over the past year, surpassing industry averages and reversing a five-year decline trend. The company maintains satisfactory debt levels with net debt to equity at 5.7%, and its interest payments are well covered by EBIT at 4.4 times coverage. Despite recent board changes and a relatively inexperienced board tenure of 1.9 years, Macmahon’s management team is experienced with an average tenure of 3.7 years, contributing to stable operations amidst market volatility.

ASX:MAH Debt to Equity History and Analysis as at Sep 2025

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Sovereign Metals Limited, with a market cap of A$449.62 million, is involved in the exploration and development of mineral resource projects in Malawi through its subsidiaries.

Operations: Currently, there are no reported revenue segments for the company.

Market Cap: A$449.62M

Sovereign Metals Limited, with a market cap of A$449.62 million, remains pre-revenue as it advances its Kasiya Rutile-Graphite Project in Malawi. The company has reported a net loss of A$40.44 million for the year ended June 2025, an increase from the previous year’s loss. Despite these losses, Sovereign is debt-free and maintains sufficient short-term assets to cover liabilities. Recent inclusion in the S&P Global BMI Index highlights investor interest, while successful rehabilitation trials at Kasiya demonstrate potential for enhanced agricultural productivity post-mining, supporting environmental and community engagement goals integral to its Definitive Feasibility Study (DFS).

ASX:SVM Debt to Equity History and Analysis as at Sep 2025

This article by Simply Wall St is general in nature. We provide commentary based on historical data 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 financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:CHN ASX:MAH and ASX:SVM.

This article was originally published by Simply Wall St.

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