1.Sales and profit
See section β- Namib Minerals had $82.6M of revenue in fiscal 2025, down 3.8% on the year before.
- Namib Minerals made $101M of net profit in fiscal 2025. From fiscal 2023 to 2025, diluted EPS grew 412.7% a year.
Namib Minerals
NAMM Nasdaq Gold And Silver Ores Financials FY2023βFY2025
Namib Minerals had $82.6M of revenue in fiscal 2025, down 3.8% on the year before.
Download report
3-page PDF: the company, its results and charts with peers.
KIRAβs summary AI analyst
Hi! I read Namib Mineralsβs latest annual report (fiscal 2025). Here is what stands out:
2 strengths 1 to watch
2.Cash and shareholders
See section β- Free cash flow was $2.5M in fiscal 2025, 3.1% of revenue.
- No open-market insider trades in the last 12 months.
3.Financial health
See section β- Namib Minerals owes $3.3M more than it holds in cash.
- Namib Minerals passes 4 of 9 financial health tests (Piotroski F-score).
Namib Minerals in 30 seconds
Good So-so Weak
Weak
Are sales growing?
β3.8%
No. Sales fell 3.8% last year.
Good
Does it make a profit?
122.5%
Yes. It keeps 122.5% of every sale as profit.
So-so
Does profit turn into cash?
3.1%
Partly. 3.1% of sales ends up as free cash.
So-so
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
β
P/E
Last close divided by diluted earnings per share over the last four quarters.
β
On $1.84 EPS (TTM)
Sales and profit
Is it selling more, and how much does it keep?
Results dates
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Namib Minerals did it, and the next one. Share prices often move a lot on those days.
Next results
April 1, 2027
Thursday Β· in 157 days
- Time
- Before the market opens
- Covers
- Period ended Dec 31, 2026
- Source
- Stoqly estimate
Estimated from the same quarter last year. It will be replaced by the announced date once there is one.
See who else reports that week βRevenue and margins
KIRA Β· Namib Minerals had $82.6M of revenue in fiscal 2025, down 3.8% on the year before.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
FY23
Revenue $65.1M
FY24
Revenue $85.9M
FY25
Revenue $82.6M
Margins, % of revenue
FY23
Gross 34.5%
Operating β
Net 5.6%
FCF 13.4%
FY24
Gross 45.2%
Operating β
Net 4.2%
FCF 13.3%
FY25
Gross 41.4%
Operating β
Net 122.5%
FCF 3.1%
Gross
Operating
Net
FCF
Net income and earnings per share
KIRA Β· Namib Minerals made $101M of net profit in fiscal 2025. From fiscal 2023 to 2025, diluted EPS grew 412.7% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
FY23
Net income $3.6M
FY24
Net income $3.6M
FY25
Net income $101M
Diluted EPS
FY23
Diluted EPS $0.07
FY24
Diluted EPS $0.07
FY25
Diluted EPS $1.84
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
KIRA Β· Free cash flow was $2.5M in fiscal 2025, 3.1% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
FY23
Free cash flow $8.7M
FY24
Free cash flow $11.4M
FY25
Free cash flow $2.5M
Cash from operations vs capital spending
FY23
Cash from operations $14.9M
Capital spending $6.2M
FY24
Cash from operations $19.1M
Capital spending $7.7M
FY25
Cash from operations $13.8M
Capital spending $11.3M
Cash from operations
Capital spending
Dividends, buybacks and share count
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
FY23
Dividends $7.9M
Buybacks β
FY24
Dividends $9.0M
Buybacks β
FY25
Dividends β
Buybacks β
Dividends
Buybacks
Diluted shares outstanding (annual)
FY23
Diluted shares 0.05B
FY24
Diluted shares 0.05B
FY25
Diluted shares 0.06B
Insider trades
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
KIRA Β· Namib Minerals owes $3.3M more than it holds in cash.
Cash, debt and the ratios that show how comfortably Namib Minerals can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
FY23
Cash $0.3M
Debt $2.4M
FY24
Cash β$0.3M
Debt $2.5M
FY25
Cash $1.9M
Debt $5.2M
Cash
Debt
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $0.3M | β$0.3M | $1.9M |
| Debt incl. finance leases | $2.4M | $2.5M | $5.2M |
| Debt / equity | β | β | 0.1x |
| Current ratio | β | 0.2x | 0.3x |
| Quick ratio | β | 0.1x | 0.2x |
| Total assets | β | $51.0M | $62.8M |
| Total liabilities | β | $82.0M | $102M |
| Shareholders' equity | β$28.3M | β$30.9M | $70.5M |
| Net debt (β = net cash) | $2.1M | $2.8M | $3.3M |
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
FY23
Return on capital β
Return on equity β
Return on assets β
FY24
Return on capital β
Return on equity β
Return on assets 7.0%
FY25
Return on capital β
Return on equity 511.8%
Return on assets 177.8%
Return on capital
Return on equity
Return on assets
Piotroski F-score
KIRA Β· Namib Minerals passes 4 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | β / 3 | β / 5 | 4 / 9 |
| Accruals ratio | β | β30.5% | 153.5% |
| Altman Z'' | β | β | β |
All figures
Every number, year by year.
3 years of figures
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $65.1M | $85.9M | $82.6M |
| Gross profit | $22.5M | $38.8M | $34.2M |
| Interest expense | $2.4M | $1.5M | $2.0M |
| Pretax income | $8.9M | $14.5M | $109M |
| Income tax | $5.3M | $10.9M | $7.3M |
| Net income | $3.6M | $3.6M | $101M |
| Diluted EPS | $0.07 | $0.07 | $1.84 |
| Diluted shares | 0.05B | 0.05B | 0.06B |
| Cash flow | |||
| Cash from operations | $14.9M | $19.1M | $13.8M |
| Capital expenditure | $6.2M | $7.7M | $11.3M |
| Free cash flow | $8.7M | $11.4M | $2.5M |
| Depreciation and amortization | $2.7M | $4.1M | $7.3M |
| Stock-based compensation | β | $2.8M | $0.2M |
| Dividends paid | $7.9M | $9.0M | β |
| Dividends and buybacks | $7.9M | $9.0M | β |
| Balance sheet | |||
| Cash and short-term investments | $0.3M | β$0.3M | $1.9M |
| Total debt | $2.4M | $2.5M | $5.2M |
| Current assets | β | $9.0M | $16.2M |
| Current liabilities | β | $46.0M | $53.6M |
| Inventory | β | $3.2M | $3.9M |
| Property and equipment, net | β | $37.0M | $41.0M |
| Total assets | β | $51.0M | $62.8M |
| Total liabilities | β | $82.0M | $102M |
| Shareholders' equity | β$28.3M | β$30.9M | $70.5M |
| Margins | |||
| Gross margin | 34.5% | 45.2% | 41.4% |
| Net margin | 5.6% | 4.2% | 122.5% |
| FCF margin | 13.4% | 13.3% | 3.1% |
| Returns | |||
| Return on equity | β | β | 511.8% |
| Return on assets | β | 7.0% | 177.8% |
| Return on tangible equity | β | β | 143.6% |
| Growth | |||
| Revenue growth | β | 32.0% | β3.8% |
| Net income growth | β | β1.1% | 2,720.0% |
| EPS growth | β | 0.0% | 2,528.6% |
| FCF growth | β | 31.1% | β77.9% |
| Share count change | β | 0.0% | 12.6% |
| Financial health | |||
| Debt / equity | β | β | 0.1x |
| Current ratio | β | 0.2x | 0.3x |
| Quick ratio | β | 0.1x | 0.2x |
| Capital allocation | |||
| Capex / revenue | 9.5% | 9.0% | 13.6% |
| Stock comp / revenue | β | 3.3% | 0.3% |
| Payouts / FCF | 90.9% | 78.9% | β |
| Quality scores | |||
| Piotroski F-score | β | β | 4.0 |
| Accruals ratio | β | β30.5% | 153.5% |
Source: SEC EDGAR XBRL filings (CIK 0002026514). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.