Namib Minerals Past Earnings Performance

Past criteria checks 2/6

Namib Minerals has been growing earnings at an average annual rate of 2720%, while the Metals and Mining industry saw earnings declining at 4.1% annually. Revenues have been declining at an average rate of 3.8% per year.

Key information

2,719.96%

Earnings growth rate

2,566.43%

EPS growth rate

Metals and Mining Industry Growth	26.40%
Revenue growth rate	-3.83%
Return on equity	n/a
Net Margin	122.50%
Last Earnings Update	31 Dec 2025

Recent past performance updates

Recent updates

Seeking Alpha • Apr 30

Namib Minerals: Core Value Holds, But Restart Still Needs Proof

Summary Namib Minerals has seen its share price fall as SPAC-driven hype faded, now reflecting core asset cash flows. How Mine remains the company's key cash-generating asset, with 2025 production of 25k ounces and $29M adjusted EBITDA, outperforming guidance. 2026 guidance for How Mine has increased to 28–31.5k ounces and $50–62M EBITDA, indicating operational stability and growth potential. Management aims to avoid investor dilution by seeking alternative financing, while Redwing project dewatering marks tangible progress toward restarting operations. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How Namib Minerals makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGM:NAMM Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 25	83	101	21
30 Sep 25	81	42	24
30 Jun 25	80	-17	26
31 Mar 25	83	-7	23
31 Dec 24	86	4	19
30 Sep 24	80	8	15
30 Jun 24	73	13	12
31 Mar 24	69	8	10
31 Dec 23	65	4	9

Quality Earnings: NAMM has a large one-off gain of $92.5M impacting its last 12 months of financial results to 31st December, 2025.

Growing Profit Margin: NAMM's current net profit margins are higher than last year (4.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NAMM's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare NAMM's past year earnings growth to its 5-year average.

Earnings vs Industry: NAMM earnings growth over the past year (2720%) exceeded the Metals and Mining industry 86.6%.

Return on Equity

High ROE: NAMM's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

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	2026/05/07 11:28
End of Day Share Price	2026/05/07 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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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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Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Namib Minerals is covered by 1 analysts. 1 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
Ben Pirie	Atrium Research