NASDAQ : NAMM
Namib Minerals — Financial statements
Materials · Gold · Cayman Islands
Last price 0.771 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 43.06M
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Financial statements
Namib Minerals (NAMM) reported revenue of 97.05M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 97.05M | 82.59M | 85.88M | 65.06M |
| Cost of Revenue | 41.90M | 41.15M | 43.07M | 40.32M |
| Gross Profit | 55.15M | 41.44M | 42.81M | 24.74M |
| Selling, General & Admin | 15.97M | 21.37M | 18.72M | 7.34M |
| Other Operating Expenses | -628.00K | -487.00K | -258.00K | -2.66M |
| Operating Expenses | 22.84M | 28.17M | 22.70M | 8.66M |
| Operating Income | 32.31M | 13.27M | 20.12M | 16.08M |
| Interest Expense | -1.78M | -1.66M | -1.25M | -1.51M |
| Interest & Investment Income | 15.00K | 16.00K | 14.00K | 114.00K |
| Currency Exchange Gain (Loss) | -362.00K | -66.00K | 1.02M | 1.46M |
| Other Non Operating Income (Expenses) | -2.77M | 4.43M | 489.00K | -6.76M |
| EBT Excluding Unusual Items | 27.41M | 15.99M | 20.39M | 9.38M |
| Gain (Loss) on Sale of Investments | -41.00K | |||
| Gain (Loss) on Sale of Assets | -158.00K | -428.00K | -269.00K | -47.00K |
| Asset Writedown | -80.00K | -240.00K | -5.72M | |
| Other Unusual Items | 93.44M | 93.19M | -83.00K | -746.00K |
| Pretax Income | 117.99M | 108.51M | 14.49M | 8.88M |
| Income Tax Expense | 9.74M | 7.33M | 10.91M | 5.25M |
| Net Income | 108.25M | 101.18M | 3.59M | 3.63M |
| Net Income to Common | 108.25M | 101.18M | 3.59M | 3.63M |
| Shares Outstanding (Basic) | 54.33M | 51.68M | 48.87M | 48.87M |
| Shares Outstanding (Diluted) | 57.66M | 55.01M | 48.87M | 48.87M |
| EPS (Basic) | 1.99 | 1.96 | 0.07 | 0.07 |
| EPS (Diluted) | 1.88 | 1.84 | 0.07 | 0.07 |
| Free Cash Flow | -198.00K | 1.44M | 9.14M | 8.38M |
| Free Cash Flow Per Share | -0.00 | 0.03 | 0.19 | 0.17 |
| Gross Margin | 56.82% | 50.17% | 49.85% | 38.03% |
| Operating Margin | 33.29% | 16.07% | 23.42% | 24.71% |
| Profit Margin | 111.54% | 122.50% | 4.18% | 5.58% |
| Free Cash Flow Margin | -0.20% | 1.74% | 10.64% | 12.88% |
| EBITDA | 39.79M | 20.54M | 24.26M | 18.78M |
| EBITDA Margin | 41.00% | 24.87% | 28.24% | 28.87% |
| D&A For EBITDA | 7.48M | 7.27M | 4.14M | 2.71M |
| EBIT | 32.31M | 13.27M | 20.12M | 16.08M |
| EBIT Margin | 33.29% | 16.07% | 23.42% | 24.71% |
| Effective Tax Rate | 8.25% | 6.75% | 75.25% | 59.16% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 1.75M | 1.89M | 698.00K | 278.00K |
| Cash & Short-Term Investments | 1.75M | 1.89M | 698.00K | 278.00K |
| Accounts Receivable | 2.52M | 2.99M | 2.00M | 688.00K |
| Other Receivables | 2.68M | 2.29M | 1.48M | 120.00K |
| Receivables | 5.46M | 5.51M | 3.75M | 1.02M |
| Inventory | 6.49M | 4.48M | 3.73M | 2.92M |
| Prepaid Expenses | 3.12M | 715.00K | 2.00K | 111.00K |
| Other Current Assets | 3.58M | 3.58M | 765.00K | |
| Total Current Assets | 20.40M | 16.17M | 8.95M | 4.34M |
| Property, Plant & Equipment | 49.05M | 42.02M | 38.03M | 33.97M |
| Other Long-Term Assets | 6.37M | 4.50M | 3.92M | 2.54M |
| Total Assets | 76.35M | 62.79M | 51.04M | 40.98M |
| Accounts Payable | 20.21M | 17.76M | 8.37M | 9.93M |
| Accrued Expenses | 20.90M | 25.99M | 26.47M | 14.15M |
| Short-Term Debt | 1.57M | 1.32M | 1.53M | 813.00K |
| Current Portion of Long-Term Debt | 4.05M | 1.86M | 626.00K | 1.59M |
| Current Income Taxes Payable | 8.88M | 6.64M | 8.99M | 7.32M |
| Other Current Liabilities | 7.52M | 7.47M | ||
| Total Current Liabilities | 63.27M | 53.57M | 45.98M | 41.28M |
| Long-Term Debt | 1.81M | 2.01M | 1.37M | |
| Long-Term Deferred Tax Liabilities | 9.80M | 8.57M | 8.22M | 7.36M |
| Other Long-Term Liabilities | 41.89M | 37.93M | 26.39M | 20.68M |
| Total Liabilities | 117.12M | 102.07M | 81.97M | 69.33M |
| Common Stock | 6.00K | 5.00K | 1.00K | 1.00K |
| Retained Earnings | 65.48M | 70.47M | -30.93M | -28.35M |
| Comprehensive Income & Other | -106.26M | -109.75M | ||
| Shareholders' Equity | -40.77M | -39.27M | -30.93M | -28.35M |
| Total Liabilities & Equity | 76.35M | 62.79M | 51.04M | 40.98M |
| Total Debt | 7.93M | 5.18M | 3.53M | 2.41M |
| Net Cash (Debt) | -6.18M | -3.30M | -2.83M | -2.13M |
| Net Cash Per Share | -0.11 | -0.06 | -0.06 | -0.04 |
| Filing Date Shares Outstanding | 55.68M | 54.48M | 48.87M | |
| Total Common Shares Outstanding | 55.68M | 54.08M | 48.87M | |
| Working Capital | -42.87M | -37.40M | -37.03M | -36.95M |
| Book Value Per Share | -0.73 | -0.73 | ||
| Tangible Book Value | -41.21M | -39.27M | -30.93M | -28.35M |
| Tangible Book Value Per Share | -0.74 | -0.73 | ||
| Buildings | 3.28M | 2.13M | 2.04M | |
| Machinery | 83.46M | 81.43M | 79.32M | 71.88M |
| Construction In Progress | 10.77M | 5.43M | 12.88M | 8.96M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | 108.25M | 101.18M | 3.59M | 3.63M |
| Depreciation & Amortization | 7.48M | 7.27M | 4.14M | 2.71M |
| Other Amortization | -1.00K | 74.00K | ||
| Loss (Gain) From Sale of Assets | 428.00K | 428.00K | 269.00K | 47.00K |
| Asset Writedown & Restructuring Costs | -190.00K | 240.00K | 5.72M | |
| Stock-Based Compensation | 1.43M | 236.00K | 2.83M | |
| Provision & Write-off of Bad Debts | 11.00K | 23.00K | 96.00K | 1.28M |
| Other Operating Activities | -90.48M | -101.08M | 2.40M | 10.84M |
| Change in Accounts Receivable | -4.89M | -4.53M | -5.18M | -3.91M |
| Change in Inventory | -780.00K | -745.00K | -1.05M | -759.00K |
| Change in Accounts Payable | -937.00K | 10.92M | 6.98M | 4.76M |
| Change in Other Net Operating Assets | -3.02M | -228.00K | -671.00K | -3.67M |
| Operating Cash Flow | 17.31M | 13.79M | 19.13M | 14.92M |
| Capital Expenditures | -17.51M | -12.35M | -9.99M | -6.54M |
| Other Investing Activities | 21.00K | -38.00K | -72.00K | -239.00K |
| Investing Cash Flow | -17.49M | -12.39M | -10.06M | -5.62M |
| Short-Term Debt Issued | 1.01M | |||
| Long-Term Debt Issued | 3.00M | 2.57M | 4.06M | |
| Total Debt Issued | 5.01M | 4.01M | 2.57M | 4.06M |
| Long-Term Debt Repaid | -3.21M | -3.20M | -5.21M | |
| Net Debt Issued (Repaid) | 1.64M | 795.00K | -633.00K | -1.15M |
| Common Dividends Paid | -9.02M | -7.92M | ||
| Financing Cash Flow | 1.64M | 795.00K | -9.65M | -9.07M |
| Foreign Exchange Rate Adjustments | -29.00K | 8.00K | -8.00K | -11.00K |
| Net Cash Flow | 1.43M | 2.20M | -593.00K | 219.00K |
| Free Cash Flow | -198.00K | 1.44M | 9.14M | 8.38M |
| Free Cash Flow Margin | -0.20% | 1.74% | 10.64% | 12.88% |
| Free Cash Flow Per Share | -0.00 | 0.03 | 0.19 | 0.17 |
| Levered Free Cash Flow | -32.86M | 3.25M | 9.53M | |
| Unlevered Free Cash Flow | -31.75M | 4.28M | 10.31M | |
| Cash Interest Paid | 800.00K | 858.00K | 533.00K | 1.02M |
| Cash Income Tax Paid | 8.50M | 10.39M | 7.75M | 936.00K |
| Change in Working Capital | -9.62M | 5.42M | 76.00K | -3.58M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 43.06M | 54.21M | 155.05M | 388.34M |
| Enterprise Value | 49.24M | 57.44M | ||
| Last Close Price | 0.77 | 1.01 | 10.59 | 10.45 |
| PE Ratio | 0.41 | 0.54 | 43.21 | 107.07 |
| Forward PE | 1.36 | |||
| PS Ratio | 0.44 | 0.66 | 1.80 | 5.97 |
| PB Ratio | -1.38 | -5.01 | -13.70 | |
| P/FCF Ratio | 37.73 | 16.97 | 46.35 | |
| P/OCF Ratio | 2.49 | 3.93 | 8.10 | 26.03 |
| EV/Sales Ratio | 0.51 | 0.69 | ||
| EV/EBITDA Ratio | 1.24 | 2.80 | ||
| EV/EBIT Ratio | 1.52 | 4.33 | ||
| EV/FCF Ratio | 39.97 | |||
| Debt / Equity Ratio | -0.20 | -0.13 | -0.11 | -0.09 |
| Debt / EBITDA Ratio | 0.20 | 0.25 | 0.15 | 0.13 |
| Debt / FCF Ratio | 3.61 | 0.39 | 0.29 | |
| Net Debt / Equity Ratio | -0.15 | -0.08 | -0.09 | -0.07 |
| Net Debt / EBITDA Ratio | 0.15 | 0.16 | 0.12 | 0.11 |
| Net Debt / FCF Ratio | -31.20 | 2.29 | 0.31 | 0.25 |
| Asset Turnover | 1.44 | 1.45 | 1.87 | |
| Inventory Turnover | 8.32 | 10.02 | 12.94 | |
| Quick Ratio | 0.11 | 0.13 | 0.09 | 0.03 |
| Current Ratio | 0.32 | 0.30 | 0.20 | 0.10 |
| Return on Assets (ROA) | 30.01% | 14.57% | 27.33% | |
| Return on Invested Capital (ROIC) | 226.66% | 173.32% | 209.74% | |
| Return on Capital Employed (ROCE) | 247.10% | 143.80% | 398.00% | -5,254.60% |
| Earnings Yield | 243.33% | 186.63% | 2.31% | 0.93% |
| FCF Yield | -0.46% | 2.65% | 5.89% | 2.16% |
| Payout Ratio | 251.34% | 218.39% | ||
| Buyback Yield / Dilution | -17.17% | -12.57% |