Serabi Gold Past Earnings Performance
Past criteria checks 6/6
Serabi Gold has been growing earnings at an average annual rate of 47.3%, while the Metals and Mining industry saw earnings growing at 5% annually. Revenues have been growing at an average rate of 16.4% per year. Serabi Gold's return on equity is 29.1%, and it has net margins of 34.9%.
Key information
47.29%
Earnings growth rate
43.34%
EPS growth rate
| Metals and Mining Industry Growth | 19.58% |
| Revenue growth rate | 16.36% |
| Return on equity | 29.09% |
| Net Margin | 34.87% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
SRB: Brownfield Drilling And Exploration Programme Will Support Future Upside
Analysts have trimmed their price target on Serabi Gold to reflect an updated fair value of £4.76, a small adjustment from £4.80. They cited refreshed assumptions for discount rates, revenue growth, profit margins and future P/E multiples.SRB: Brownfield Drilling Programme And Resource Update Will Support Future Upside
Analysts have left their fair value estimate for Serabi Gold essentially unchanged at £4.80 per share, explaining the stable price target by offsetting tweaks to the discount rate and assumed P/E multiple rather than any major shift in the underlying business outlook. What's in the News Update on Palito Complex and Coringa Mine, including recent operational developments and an overview of the 2025 brownfield exploration programme in both areas (company announcement).SRB: Brownfield Drilling Results Will Drive Stronger Future Upside Potential
Analysts have trimmed their price target on Serabi Gold to reflect slightly lower assumed discount rates and modestly adjusted earnings multiples. This points to a more measured risk outlook while keeping the core fair value narrative broadly unchanged.SRB: Exploration Progress And Resource Update Will Support Stronger Future Upside Potential
Analysts have raised their price target for Serabi Gold slightly to £4.80 from £4.72, reflecting small model adjustments to fair value assumptions, discount rate, revenue growth, profit margin and future P/E. What's in the News Updated operational and exploration overview for the Palito Complex and Coringa Mine, including details of the completed 2025 brownfield exploration programme totaling 38,400m of drilling and 154 diamond drill holes, with a subset reporting grades over 3 g/t Au (Key Developments).SRB: Production Recovery And Guidance Will Underpin Stronger Future Upside Potential
Analysts have slightly reduced their price target for Serabi Gold to reflect a lower forward P/E assumption of 4.77x, while keeping revenue growth, profit margin and fair value estimates broadly unchanged. This has resulted in a modest reduction in their implied £ per share valuation.SRB: Rising Production Guidance Will Support Stronger Future Upside Potential
Analysts have raised their price target on Serabi Gold to £4.72 from £4.31, citing updated assumptions that include revised discount rates, revenue growth estimates, profit margins and future P/E expectations. What's in the News On 30 January 2026, an incident at the Palito underground operation resulted in a fatality linked to a traffic accident underground, with no other personnel injured and production in the affected area expected to resume after Brazilian authorities complete their enquiries (company announcement).SRB: Rising Gold Production Will Support Stronger Future Upside Potential
Analysts have lifted their price target on Serabi Gold to US$4.31 from US$3.69, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple as key drivers of their revised view. What's in the News Serabi Gold issued production guidance for 2026, with expected consolidated gold output of 53,000 ounces to 57,000 ounces (company guidance).SRB: Higher Production And Lower Risk Profile Will Support Future Upside
Analysts have trimmed their price target for Serabi Gold to reflect a slightly lower future P/E assumption of 5.35x, while keeping fair value broadly unchanged. They are reassessing the stock's risk profile and earnings potential under a marginally reduced discount rate of 8.37%.Cautious Investors Not Rewarding Serabi Gold plc's (LON:SRB) Performance Completely
Jan 06
SRB: Rising Gold Output Will Drive Stronger Future Upside Potential
Analysts have nudged their price target on Serabi Gold slightly higher to reflect a modest improvement in the company’s projected valuation, citing stable long term growth assumptions, resilient profit margins, and a marginally higher future earnings multiple. What's in the News Reported third quarter 2025 gold production of 12,090 ounces, up from 9,489 ounces a year earlier, indicating stronger operational performance (company operating results) Year to date 2025 gold output reached 32,635 ounces, underscoring continued production growth over the period (company operating results) Third quarter 2025 mined ore declined to 51,625 tonnes from 58,682 tonnes a year ago, while milled ore remained broadly stable at 53,991 tonnes versus 54,579 tonnes, highlighting improved grades and processing efficiency (company operating results) Year to date 2025 mined ore totaled 148,581 tonnes and milled ore 153,392 tonnes, reflecting sustained throughput at the company’s operations (company operating results) Valuation Changes Fair Value: unchanged at £3.69 per share, indicating no revision to intrinsic value despite operational updates.SRB: Rising Gold Output And New Resource Report Will Drive Upside
Analysts have raised their price target on Serabi Gold slightly to reflect a modest uplift in fair value and forward earnings multiple, while also accounting for more conservative expectations for revenue growth and profit margins. What's in the News Third quarter 2025 gold production rose to 12,090 ounces from 9,489 ounces a year earlier, highlighting improved grades and operational efficiency despite slightly lower mined and milled ore volumes (Announcement of Operating Results).SRB: Discovery Of New Orebody Will Drive Upside In Coming Quarters
Analysts have slightly adjusted their price target for Serabi Gold, now valuing the company at $3.65 per share because of minor updates to discount rate assumptions and future profit expectations. What's in the News Serabi Gold reported gold production of 12,090 ounces in the third quarter of 2025.Here's Why Serabi Gold (LON:SRB) Has Caught The Eye Of Investors
Nov 12SRB: Gold Output And Resource Expansion Will Drive Further Upside Potential
Analysts have modestly adjusted their price target for Serabi Gold, leaving the fair value estimate unchanged at $3.65 per share. They cited only minor shifts in model assumptions and discount rates.Production Gains And New Discoveries Will Drive Profitability And Extend Mine Life
Analysts have raised their price target on Serabi Gold from $3.08 to $3.65, citing improved revenue growth expectations and stronger projected profit margins. What's in the News Serabi Gold reported third-quarter gold production of 12,090 ounces, which is significantly higher than the 9,489 ounces produced a year ago.Serabi Gold (LON:SRB) Has A Rock Solid Balance Sheet
Oct 21Coringa Mine Ramp Up And Palito Processing Will Boost Efficiency
Narrative Update on Serabi Gold Analysts have raised their price target for Serabi Gold from $2.63 to $3.08, citing improved fair value estimates even though there have only been slight changes in revenue growth and profit margin projections. What's in the News Serabi Gold reported third quarter 2025 gold production of 12,090 ounces, up from 9,489 ounces in the previous year.Serabi Gold plc's (LON:SRB) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Sep 20Serabi Gold (LON:SRB) Is Very Good At Capital Allocation
Sep 11We Think Shareholders Will Probably Be Generous With Serabi Gold plc's (LON:SRB) CEO Compensation
Jun 19
Coringa Mine Ramp Up And Palito Processing Will Boost Efficiency
The Coringa mine's development boosts output and revenue, while integration with Palito reduces costs and enhances margins.New Forecasts: Here's What Analysts Think The Future Holds For Serabi Gold plc (LON:SRB)
Apr 15Is Serabi Gold (LON:SRB) A Risky Investment?
Mar 18The Market Lifts Serabi Gold plc (LON:SRB) Shares 31% But It Can Do More
Feb 27Further Upside For Serabi Gold plc (LON:SRB) Shares Could Introduce Price Risks After 28% Bounce
Dec 26Serabi Gold (LON:SRB) Is Investing Its Capital With Increasing Efficiency
Dec 13Market Might Still Lack Some Conviction On Serabi Gold plc (LON:SRB) Even After 28% Share Price Boost
Nov 05Serabi Gold plc's (LON:SRB) Shares Leap 29% Yet They're Still Not Telling The Full Story
Sep 14Serabi Gold (LON:SRB) Is Experiencing Growth In Returns On Capital
Aug 22Is Serabi Gold (LON:SRB) A Risky Investment?
Jun 08Serabi Gold plc (LON:SRB) Held Back By Insufficient Growth Even After Shares Climb 28%
Feb 29Returns On Capital Are Showing Encouraging Signs At Serabi Gold (LON:SRB)
Feb 07Serabi Gold plc (LON:SRB) Shares Fly 26% But Investors Aren't Buying For Growth
Jan 03We Think Serabi Gold (LON:SRB) Is Taking Some Risk With Its Debt
Nov 18There's Been No Shortage Of Growth Recently For Serabi Gold's (LON:SRB) Returns On Capital
Sep 20Is Serabi Gold (LON:SRB) Using Too Much Debt?
Aug 09Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Serabi Gold makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 25 | 129 | 45 | 11 | 0 |
| 30 Jun 25 | 114 | 38 | 9 | 0 |
| 31 Mar 25 | 102 | 33 | 8 | 0 |
| 31 Dec 24 | 95 | 28 | 8 | 0 |
| 30 Sep 24 | 86 | 20 | 9 | 0 |
| 30 Jun 24 | 76 | 11 | 11 | 0 |
| 31 Mar 24 | 71 | 9 | 12 | 0 |
| 31 Dec 23 | 64 | 7 | 11 | 0 |
| 30 Sep 23 | 62 | 5 | 9 | 0 |
| 30 Jun 23 | 58 | 2 | 7 | 0 |
| 31 Mar 23 | 59 | -1 | 6 | 0 |
| 31 Dec 22 | 59 | -1 | 6 | 0 |
| 30 Sep 22 | 61 | 1 | 6 | 0 |
| 30 Jun 22 | 62 | 6 | 6 | 0 |
| 31 Mar 22 | 60 | 10 | 6 | 0 |
| 31 Dec 21 | 63 | 10 | 6 | 0 |
| 30 Sep 21 | 57 | 7 | 6 | 0 |
| 30 Jun 21 | 59 | 10 | 6 | 0 |
| 31 Mar 21 | 59 | 8 | 7 | 0 |
| 31 Dec 20 | 56 | 7 | 6 | 0 |
| 30 Sep 20 | 61 | 8 | 6 | 0 |
| 30 Jun 20 | 60 | 6 | 6 | 0 |
| 31 Mar 20 | 56 | 3 | 6 | 0 |
| 31 Dec 19 | 60 | 4 | 6 | 0 |
| 30 Sep 19 | 54 | 0 | 6 | 0 |
| 30 Jun 19 | 47 | -4 | 6 | 0 |
| 31 Mar 19 | 47 | -4 | 6 | 0 |
| 31 Dec 18 | 43 | -6 | 6 | 0 |
| 30 Sep 18 | 45 | -4 | 6 | 0 |
| 30 Jun 18 | 51 | -2 | 6 | 0 |
| 31 Mar 18 | 49 | -2 | 6 | 0 |
| 31 Dec 17 | 48 | -2 | 6 | 0 |
| 30 Sep 17 | 47 | 2 | 5 | 0 |
| 30 Jun 17 | 50 | 2 | 5 | 0 |
| 31 Mar 17 | 54 | 3 | 5 | 0 |
| 31 Dec 16 | 53 | 4 | 5 | 0 |
| 30 Sep 16 | 50 | 1 | 6 | 0 |
| 30 Jun 16 | 42 | 1 | 5 | 0 |
| 31 Mar 16 | 39 | 1 | 5 | 0 |
| 31 Dec 15 | 35 | 0 | 5 | 0 |
| 30 Sep 15 | 34 | 3 | 4 | 0 |
| 30 Jun 15 | 31 | 3 | 4 | 0 |
Quality Earnings: SRB has high quality earnings.
Growing Profit Margin: SRB's current net profit margins (34.9%) are higher than last year (23%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SRB's earnings have grown significantly by 47.3% per year over the past 5 years.
Accelerating Growth: SRB's earnings growth over the past year (126.8%) exceeds its 5-year average (47.3% per year).
Earnings vs Industry: SRB earnings growth over the past year (126.8%) exceeded the Metals and Mining industry 126.8%.
Return on Equity
High ROE: SRB's Return on Equity (29.1%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/05 02:17 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Serabi Gold plc is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Peter Mallin-Jones | Peel Hunt LLP |
| Gabriele Ejikeme | Tamesis Partners LLP |
| David Seers | Zeus Capital Limited |