Fund Manager Summary on Critical Minerals Group Ltd (ASX:CMG)
In January 2026, QVG Capital commented that Critical Minerals Group Ltd (ASX:CMG) is a relatively new IT and telco investment showing growing recurring B2B revenues, a busy quarter driven by the Tasmanet acquisition out of administration, a debt refinance with a major Australian bank that materially improved rates, and both margin and top-line improvement supported by new recurring contracts and synergies, with FY26 guidance expected to be refined over time. The broader commentary paints a cautiously constructive picture: the structural opportunity lies in recurring B2B revenue streams and consolidation benefits from the Tasmanet deal, while near-term upside is linked to successful integration, realization of synergies and sustained wins of recurring contracts; material risks include execution and integration risk, customer concentration or contract churn, and the need to translate refinancing and operational gains into consistent cash flow and clearer FY26 guidance; actionable items for investors and analysts are to monitor integration progress and synergy delivery, track recurring revenue growth and margin trends, watch updates to FY26 guidance and leverage metrics, and assess client diversification and contract renewal cadence given the company’s recent share price (~$0.14 at the time of commentary).
Commentary From The Managers
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Commentary From The Managers
QVG Capital
31 Jan 2026
$0.14
Summary
- QVG Capital believes Critical Minerals Group Ltd is an attractive, reasonably new exposure in the IT/telco B2B market and continues to hold because recent transactions and organic recurring-revenue wins materially improve both margin and top-line growth prospects.
- New investment: A reasonably new position for us focused on the IT and telco verticals.
- Recurring revenues: High proportion of recurring, contract-based revenue that drives predictability and visibility.
- One throat to choke: Single accountable provider model simplifies vendor management for customers and supports commercial stickiness.
- B2B focus: Operates primarily in the business-to-business market, increasing contract sizes and long-term customer relationships.
- Very busy quarter: Execution-driven period with transformative activity that advances strategic goals.
- Tasmanet acquisition: Acquired Tasmanet out of administration, adding scale and capability to the group.
- Debt refinancing: Refinanced Tasmanet debt with a major Australian bank at a compelling improvement in rates, reducing financing drag.
- Not just margin improvement but top-line growth: Acquisition and cross-sell efforts are expected to lift revenue as well as margins.
- Continuing to win recurring revenue: Ongoing customer wins are building a larger, more visible recurring revenue base.
- Strong synergies: Meaningful cost and revenue synergies from the integration of Tasmanet and existing operations.
- Guidance clarity over time: Expect FY26 guidance to become more honed as integration and traction crystallise.
The completeness, accuracy or current status of the investments referenced are not guaranteed.
Frequently Asked Questions
Who is investing in Critical Minerals Group Ltd (ASX:CMG)?
Fund managers including QVG Capital have invested in Critical Minerals Group Ltd (ASX:CMG).
Why do fund managers invest in Critical Minerals Group Ltd?
Fund managers cited Critical Minerals Group Ltd as a new IT and telco B2B holding offering recurring revenues and operational consolidation. QVG noted the Tasmanet acquisition out of administration, debt refinancing with a major Australian bank that improved rates, and ongoing wins of recurring contracts supporting margin and top‑line growth and synergies. The position was labelled reasonably new after a busy quarter and guidance for FY26 was expected to be refined. The report did not highlight a material dividend yield.
What happened to Critical Minerals Group Ltd (ASX:CMG)?
Fund managers hold Critical Minerals Group for its recurring B2B IT and telecommunications revenue model, which is generating strong top-line growth and improving margins. The recent Tasmanet acquisition — secured out of administration — and a debt refinancing with a major Australian bank at improved rates are expected to accelerate earnings growth. With synergies being realised and new recurring revenue contracts continuing to be won, fund managers expect guidance upgrades ahead.
What is the short interest in Critical Minerals Group Ltd (ASX:CMG)?
According to ASIC filings, there is negligible or no short interest in Critical Minerals Group Ltd (ASX:CMG).
What does Critical Minerals Group Ltd (ASX:CMG) do?
Critical Minerals Group Ltd. engages in the provision of exploration and development of critical minerals projects for the renewable energy transition including de-carbonization and electrification. Its projects include Lindfield Project, Figtree Creek Project, and Lorena Surrounds Project. The company was founded on August 20, 2021 and is headquartered in Brisbane, Australia.