Zentek Ltd. (ZTEK)

OTC: ZTEK · Miscellaneous Chemical Products · Guelph, ON · filing with the SEC since 2022

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Grade5.1

◀ Past 5.3● Present 4.6▶ Future 5.6

4 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Zentek Ltd.

Nine metrics read from its own filings, by tense

Headline grade

5.1/10

◀ Past5.330% of the headline

● Present4.640% of the headline

▶ Future5.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 5 read as filed from the record and 4 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.3/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

8.3/10

Has it survived what it has been through?

No warning events in its filings since 2022.

weight 33% of this tense · 83rd percentile among 9 sector filers · read for itself

From the record

Zentek Ltd.'s filings since 2022 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

3.7/10

What has it actually done, year after year?

+456.9% a year over 3 filed years; profitable in 0 of 3.

weight 45% of this tense · 37th percentile among 9 sector filers · read for its customers

From the record

Zentek Ltd.'s 3 filed years say what it did: revenue went from CAD 2 thousand in fiscal 2021 to CAD 73 thousand in fiscal 2023, up 456.9% a year; it rose in 1 of 2 years; the deepest fall was 79% from fiscal 2022 to fiscal 2023; net income was positive in 0 of 3 of those years (its annual reports).

What it rests on

revenue growth over the filed span456.9%top 6% of its family
the share of years revenue rosebottom 28% of its family
the share of filed years with a profitbottom 11% of its family
the deepest fall from a revenue peak79.0%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

3.9/10

How has it treated the people who own it?

SI estimate 3.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 39th percentile among 9 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 39% of 9 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 9 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Zentek Ltd.'s shareholder treatment is put at 3.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 39% of 9 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.6/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.2/10

Is it financially healthy right now?

ROE -68%: lost 68¢ per shareholder dollar. Leverage 20%: owes 20¢ per asset dollar.

weight 45% of this tense · 42nd percentile among 9 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-03-31, Zentek Ltd. lost about 68 cents for every dollar of shareholders' money, and gross profitability: its products earned about 1 cents per dollar of everything the company owns. Leverage: it owed about 20 cents per dollar of assets, and net share issuance: its share count grew 2.5% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 6% of its family
return on equitybottom 17% of its family
gross profit against assetsbottom 17% of its family
the share count against the year beforebottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.0/10

How strong is its position in its industry?

bottom 50% of 9 in its family; net margin -19784.9%.

weight 33% of this tense · 50th percentile among 9 sector filers · read for its customers

From the record

Zentek Ltd.'s standing among 9 graded names in its industry family: revenue of CAD 73 thousand in fiscal 2023 is not ranked by size, since the family reports in another currency; a net margin of -19784.9% ranks in the bottom 6%; revenue growth of 456.9% a year over the last 2 filed years ranks in the top 6% (its annual reports).

What it rests on

net margin-19784.9%bottom 6% of its family
three-year revenue growth456.9%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.1/10

What are the people in charge doing?

SI estimate 5.1/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 8 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Zentek Ltd.'s leadership is put at 5.1 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.6/1030% of the headline grade · 1 of 3 filed, 2 estimated

Room to expand

SI estimate

8.1/10

How much room does it have to grow?

SI estimate 8.1/10, confidence 35 of 100 (one part).

weight 45% of this tense · 81st percentile among 9 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, cash less debt against assets, which ranks in the top 19% of 9 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read: The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned: one part: cash less debt against assets, the one part on file, ranked among 9 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Zentek Ltd.'s room to expand is put at 8.1 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the top 19% of 9 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed

2.5/10

What could actually drive growth from here?

bottom 24% of 9 in its family for growth drivers.

weight 33% of this tense · 24th percentile among 9 sector filers · read for its customers

From the record

Zentek Ltd.'s growth drivers, from the filed years to fiscal 2023: revenue grew 456.9% a year over the last three filed years against 456.9% over all 3, speeding up (top 19% of its family); the newest year grew -79% (bottom 6%); research spending grew -32.9% a year (bottom 6%); capital spending grew -92.9% a year (bottom 6%) (its annual reports). Zentek Ltd. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+0.0 points a yeartop 19% of its family
the newest year's revenue growth-79.0%bottom 6% of its family
three-year growth of research spending-32.9%bottom 6% of its family
three-year growth of capital spending-92.9%bottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate

5.3/10

Did its newest year beat what its own record pointed to?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: family median, 8 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Zentek Ltd.'s expectations vs reality is put at 5.3 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ZTEK · research, not advice