Namib Minerals Ordinary Shares(NAMM)Earnings, Financials & Key Ratios
NAMM•NASDAQ
$1.74
$93M mkt cap·26.4× P/E·Price updated May 7, 2026
AboutNamib Minerals engages in the production, development, and exploration of gold and critical green metals. The company operates an underground mine in Zimbabwe, with additional exploration assets in Zimbabwe and the Democratic Republic of Congo. The company is based in Grand Cayman, Cayman Islands. Namib Minerals operates as a subsidiary of The Southern SelliBen Trust.Show more
- Revenue$86M+32.0%
- EBITDA$19M-7.1%
- Net Income$4M-1.1%
- EPS (Diluted)0.07-1.2%
- Gross Margin45.17%+30.9%
- EBITDA Margin21.92%-29.6%
- Operating Margin17.1%-36.6%
- Net Margin4.18%-25.1%
- Interest Coverage9.65
NAMM Key Insights
Namib Minerals Ordinary Shares (NAMM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Efficient asset utilization: 1.7x turnover
✗Weaknesses
- ✗Weak 3Y average ROE of 2.0%
- ✗Dividend payout exceeds 100% of earnings
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NAMM Price & Volume
Namib Minerals Ordinary Shares (NAMM) stock price & volume — 10-year historical chart
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NAMM Growth Metrics
Namib Minerals Ordinary Shares (NAMM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years12.48%
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years5.89%
TTM-
Return on Capital
10 Years267.33%
5 Years267.33%
3 Years356.51%
Last Year618.49%
NAMM Recent Earnings
Namib Minerals Ordinary Shares (NAMM) EPS & revenue vs analyst estimates — last 2 quarters
Q4 2025Latest
Dec 26, 2025EPS
$0.60
Revenue
—
Q3 2025
Aug 27, 2025EPS
$0.31
Revenue
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Dec 26, 2025 | $0.60 | — |
| Q3 2025 | Aug 27, 2025 | $0.31 | — |
Based on last 2 quarters of dataView full earnings history →
NAMM Peer Comparison
Namib Minerals Ordinary Shares (NAMM) competitors in Single-asset gold producers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 DRD | 2.47B | 28.57 | 18.07 | 26.26% | 30.2% | 44.82% | 0.00 | |
 SBSW | 9.33B | 13.19 | -31.78 | 7.11% | -5.2% | -28.09% | 1.00 | |
 HMY | 10.98B | 17.58 | 12.59 | 20.39% | 17.53% | 56.14% | 0.05 | |
 AU | 50.58B | 100.18 | 19.30 | 70.78% | 27.59% | 30.8% | 0.25 | |
 HL | 12.13B | 18.09 | 36.92 | 53.03% | 35.55% | 22.55% | 0.12 | |
 CDE | 11.63B | 18.12 | 20.13 | 96.41% | 31.15% | 15.17% | 0.11 | |
 EXK | 2.99B | 10.15 | -78.08 | 5.93% | -28.43% | -18.44% | 0.25 | |
 PAAS | 24.36B | 57.81 | 22.15 | 30.63% | 31.69% | 19.63% | 0.13 |
Compare NAMM vs Peers
Namib Minerals Ordinary Shares (NAMM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NAMM Income Statement
Namib Minerals Ordinary Shares (NAMM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 0 | 47.66M | 65.06M | 85.88M | -23.73M |
| Revenue Growth % | - | - | 36.51% | 32% | - |
| Cost of Goods Sold | 0 | 36.94M | 42.61M | 47.09M | 31.39M |
| COGS % of Revenue | - | 77.51% | 65.48% | 54.83% | - |
| Gross Profit | 0▲ 0% | 10.72M▲ 0% | 22.46M▲ 109.5% | 38.79M▲ 72.7% | -12.71M▲ 0% |
| Gross Margin % | - | 22.49% | 34.52% | 45.17% | - |
| Gross Profit Growth % | - | - | 109.49% | 72.73% | - |
| Operating Expenses | 665K | 7.31M | 4.9M | 24.11M | -22.74M |
| OpEx % of Revenue | - | 15.33% | 7.53% | 28.07% | - |
| Selling, General & Admin | 665K | 6.25M | 8.51M | 18.92M | 9.43M |
| SG&A % of Revenue | - | 13.1% | 13.08% | 22.03% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | 1.06M | -3.61M | 5.19M | -1000K |
| Operating Income | -665K▲ 0% | 3.41M▲ 613.4% | 17.55M▲ 414.2% | 14.68M▼ 16.4% | -20.03M▲ 0% |
| Operating Margin % | - | 7.16% | 26.98% | 17.1% | - |
| Operating Income Growth % | - | 613.38% | 414.21% | -16.36% | - |
| EBITDA | 2.52M | 5.62M | 20.26M | 18.82M | -6.75M |
| EBITDA Margin % | - | 11.78% | 31.14% | 21.92% | - |
| EBITDA Growth % | - | 122.73% | 260.82% | -7.09% | - |
| D&A (Non-Cash Add-back) | 0 | 2.2M | 2.71M | 4.14M | 15.38M |
| EBIT | 2.52M | 9.59M | 11.3M | 16.02M | -30.59M |
| Net Interest Income | 7K | 4.79M | 15.53M | -2.34M | 962K |
| Interest Income | 7K | 4.79M | 15.53M | 14K | 1.3M |
| Interest Expense | 0 | 0 | 0 | 1.52M | 0 |
| Other Income/Expense | 3.19M | 4.03M | -8.67M | -188K | -14.31M |
| Pretax Income | 2.52M▲ 0% | 7.45M▲ 195.4% | 8.88M▲ 19.2% | 14.49M▲ 63.2% | -34.34M▲ 0% |
| Pretax Margin % | - | 15.63% | 13.65% | 16.88% | 144.75% |
| Income Tax | 0 | 4.52M | 5.25M | 10.91M | 2.07M |
| Effective Tax Rate % | 0% | 60.69% | 59.16% | 75.25% | -6.02% |
| Net Income | 2.52M▲ 0% | 2.93M▲ 16.1% | 3.63M▲ 23.9% | 3.59M▼ 1.1% | -39.41M▲ 0% |
| Net Margin % | - | 6.14% | 5.57% | 4.18% | - |
| Net Income Growth % | - | 16.14% | 23.87% | -1.08% | - |
| Net Income (Continuing) | 2.52M | 2.93M | 6.4M | 3.59M | -36.41M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.06▲ 0% | 0.05▼ 3.1% | 0.07▲ 24.0% | 0.07▼ 1.2% | -0.80▲ 0% |
| EPS Growth % | - | -3.06% | 23.98% | -1.2% | - |
| EPS (Basic) | 0.06 | 0.05 | 0.07 | 0.07 | - |
| Diluted Shares Outstanding | 45.46M | 54.42M | 54.42M | 54.42M | 49.56M |
| Basic Shares Outstanding | 45.46M | 54.42M | 54.42M | 54.42M | 49.56M |
| Dividend Payout Ratio | - | 222.37% | 218.39% | 251.34% | - |
NAMM Balance Sheet
Namib Minerals Ordinary Shares (NAMM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 2.79M | 9.24M | 4.34M | 8.95M | 13.09M |
| Cash & Short-Term Investments | 1.97M | 59K | 278K | 698K | 1.33M |
| Cash Only | 1.97M | 59K | 278K | 698K | 1.33M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 7.13M | 1.02M | 4.52M | 929K |
| Days Sales Outstanding | - | 54.61 | 5.75 | 19.2 | -20.95 |
| Inventory | 0 | 1.54M | 2.3M | 3.19M | 3.58M |
| Days Inventory Outstanding | - | 15.23 | 19.7 | 24.71 | 19.67 |
| Other Current Assets | 0 | 0 | 0 | 0 | 6.88M |
| Total Non-Current Assets | 340.94M | 32.11M | 36.64M | 42.09M | 45.11M |
| Property, Plant & Equipment | 0 | 31.93M | 35.79M | 41.95M | 45.11M |
| Fixed Asset Turnover | - | 1.49x | 1.82x | 2.05x | -1.09x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 340.94M | 344.46M | 270.95M | 0 | 71.16M |
| Other Non-Current Assets | 0 | -344.29M | -270.1M | 135K | 202K |
| Total Assets | 343.73M▲ 0% | 41.35M▼ 88.0% | 40.98M▼ 0.9% | 51.04M▲ 24.6% | 58.2M▲ 0% |
| Asset Turnover | - | 1.15x | 1.59x | 1.68x | -0.52x |
| Asset Growth % | - | -87.97% | -0.9% | 24.55% | 17.18% |
| Total Current Liabilities | 419K | 33.23M | 41.28M | 45.98M | 96.52M |
| Accounts Payable | 0 | 10.9M | 9.93M | 8.37M | 10M |
| Days Payables Outstanding | - | 107.71 | 85.09 | 64.88 | 54.25 |
| Short-Term Debt | 0 | 494K | 813K | 1.53M | 2.31M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 335K | 2.2M | 4.34M | 627K | 73.44M |
| Current Ratio | 6.66x | 0.28x | 0.11x | 0.19x | 0.19x |
| Quick Ratio | 6.66x | 0.23x | 0.05x | 0.13x | 0.13x |
| Cash Conversion Cycle | - | -37.88 | -59.63 | -20.97 | -55.53 |
| Total Non-Current Liabilities | 27.54M | 26.87M | 28.04M | 35.98M | 114.85M |
| Long-Term Debt | 0 | 730K | 0 | 1.37M | 2.24M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 6.36M | 7.36M | 8.22M | 8.22M |
| Other Non-Current Liabilities | 27.54M | 19.77M | 20.68M | 26.39M | 179.46M |
| Total Liabilities | 27.96M | 60.09M | 69.33M | 81.97M | 211.37M |
| Total Debt | 0 | 1.22M | 813K | 2.9M | 4.55M |
| Net Debt | -1.97M | 1.17M | 535K | 2.2M | 3.22M |
| Debt / Equity | - | - | - | - | -0.03x |
| Debt / EBITDA | - | 0.22x | 0.04x | 0.15x | -0.67x |
| Net Debt / EBITDA | -0.78x | 0.21x | 0.03x | 0.12x | 0.12x |
| Interest Coverage | - | - | - | 9.65x | - |
| Total Equity | 315.77M▲ 0% | -18.74M▼ 105.9% | -28.35M▼ 51.2% | -30.93M▼ 9.1% | -153.17M▲ 0% |
| Equity Growth % | - | -105.94% | -51.24% | -9.09% | -378.13% |
| Book Value per Share | 6.95 | -0.34 | -0.52 | -0.57 | -3.09 |
| Total Shareholders' Equity | 315.77M | -18.74M | -28.35M | -30.93M | -153.17M |
| Common Stock | 340.93M | 1K | 1K | 1K | 5K |
| Retained Earnings | -25.16M | -18.75M | -28.35M | -30.93M | -42.83M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | -110.34M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
NAMM Cash Flow Statement
Namib Minerals Ordinary Shares (NAMM) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -1.14M | 10.16M | 14.92M | 19.13M | 19.13M |
| Operating CF Margin % | - | 21.31% | 22.93% | 22.28% | - |
| Operating CF Growth % | - | 990.88% | 46.92% | 28.22% | 496.53% |
| Net Income | 2.52M | 7.45M | 8.88M | 14.49M | -39.41M |
| Depreciation & Amortization | 0 | 2.2M | 2.71M | 4.14M | -300.5K |
| Stock-Based Compensation | 0 | 0 | 0 | 2.83M | -2.83M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -3.19M | -2.67M | 6.91M | -2.42M | 35.15M |
| Working Capital Changes | -475K | 3.18M | -3.58M | 76K | 9.59M |
| Change in Receivables | 0 | -2.74M | -7.36M | -6.3M | 2.94M |
| Change in Inventory | 0 | -732K | -759K | -1.05M | 844K |
| Change in Payables | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -340.93M | -7.03M | -5.63M | -10.06M | 18.9M |
| Capital Expenditures | 0 | -7.03M | -6.54M | -9.99M | 908.5K |
| CapEx % of Revenue | - | 14.76% | 10.05% | 11.64% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 0 | 917K | -72K | 17.95M |
| Cash from Financing | 344.04M | -3.81M | -9.07M | -9.65M | -20.86M |
| Debt Issued (Net) | 0 | 2.7M | -1.15M | -633K | 275K |
| Equity Issued (Net) | 1000K | -70K | -1000K | -1000K | -2M |
| Dividends Paid | 0 | -6.51M | -7.92M | -9.02M | 0 |
| Share Repurchases | 0 | 0 | -86.17M | -236.74M | -236.74M |
| Other Financing | 0 | 70K | 86.17M | 236.74M | 215.6M |
| Net Change in Cash | 1.97M▲ 0% | -692K▼ 135.2% | 219K▲ 131.6% | -593K▼ 370.8% | -89K▲ 0% |
| Free Cash Flow | -1.14M▲ 0% | 3.12M▲ 373.9% | 8.38M▲ 168.4% | 9.14M▲ 9.1% | -604K▲ 0% |
| FCF Margin % | - | 6.55% | 12.88% | 10.64% | - |
| FCF Growth % | - | 373.86% | 168.39% | 9.06% | - |
| FCF per Share | -0.03 | 0.06 | 0.15 | 0.17 | 0.17 |
| FCF Conversion (FCF/Net Income) | -0.45x | 3.47x | 4.11x | 5.33x | 0.02x |
| Interest Paid | 0 | 0 | 0 | 0 | -118K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 |
NAMM Key Ratios
Namib Minerals Ordinary Shares (NAMM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | 1.97% | - | - | 79.59% |
| Return on Invested Capital (ROIC) | 1.73% | - | - | 34.8% |
| Gross Margin | 22.49% | 34.52% | 45.17% | 53.59% |
| Net Margin | 6.14% | 5.57% | 4.18% | 166.09% |
| Debt / Equity | - | - | - | -0.03x |
| Interest Coverage | - | - | 9.65x | - |
| FCF Conversion | 3.47x | 4.11x | 5.33x | 0.02x |
| Revenue Growth | - | 36.51% | 32% | - |
NAMM Frequently Asked Questions
Namib Minerals Ordinary Shares (NAMM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Namib Minerals Ordinary Shares (NAMM) reported $-23.7M in revenue for fiscal year 2024.
Namib Minerals Ordinary Shares (NAMM) grew revenue by 32.0% over the past year. This is strong growth.
Namib Minerals Ordinary Shares (NAMM) reported a net loss of $39.4M for fiscal year 2024.
Dividend & Returns
Yes, Namib Minerals Ordinary Shares (NAMM) pays a dividend with a yield of 9.52%. This makes it attractive for income-focused investors.
Namib Minerals Ordinary Shares (NAMM) had negative free cash flow of $0.6M in fiscal year 2024, likely due to heavy capital investments.
Explore More NAMM
Namib Minerals Ordinary Shares (NAMM) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates