Namib Minerals Financials
This page shows Namib Minerals (NAMM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Stable operating cash is being absorbed by heavier reinvestment, while a short-term-liability-heavy balance sheet keeps flexibility tight.
Across the last three fiscal years, operating cash flow stayed in a narrow band around$14M-$19M , which suggests the core operation remained cash-generative even after revenue stopped expanding. The real change was capital intensity: capex reached$11.3M , compressing free cash flow to$2.5M and leaving less cash available for everything else.
The working-capital cushion is thin, with a FY2025 current ratio of 0.3x and current assets far below short-term obligations. Balance-sheet pressure also looks short-term oriented: long-term debt was only
Cash did not build much even in the last reported payout year, because distributions absorbed most of the surplus: dividends were
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Namib Minerals's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Namib Minerals's revenue declined 3.8% year-over-year, from $85.9M to $82.6M. This contraction results in a growth score of 54/100.
Namib Minerals's current ratio of 0.30 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Namib Minerals has a free cash flow margin of 3.1%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.
Namib Minerals passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Namib Minerals generates $0.14 in operating cash flow ($13.8M OCF vs $101.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Namib Minerals generated $82.6M in revenue in fiscal year 2025. This represents a decrease of 3.8% from the prior year.
Namib Minerals reported $101.2M in net income in fiscal year 2025. This represents an increase of 2720.0% from the prior year.
Cash & Balance Sheet
Namib Minerals generated $2.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 77.9% from the prior year.
Namib Minerals held $1.9M in cash against $5.2M in long-term debt as of fiscal year 2025.
Namib Minerals had 54M shares outstanding in fiscal year 2025.
Margins & Returns
Namib Minerals's net profit margin was 122.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 118.3 percentage points from the prior year.
Capital Allocation
Namib Minerals invested $11.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 46.2% from the prior year.
NAMM Income Statement
| Metric | Q4'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A |
NAMM Balance Sheet
| Metric | Q4'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Total Assets | $62.8M+23.0% | $51.0M | N/A |
| Current Assets | $16.2M+80.7% | $9.0M | N/A |
| Cash & Equivalents | $1.9M+699.0% | -$315K-213.3% | $278K |
| Inventory | $3.9M+22.7% | $3.2M | N/A |
| Accounts Receivable | $5.5M+46.9% | $3.8M | N/A |
| Goodwill | N/A | N/A | N/A |
| Total Liabilities | $102.1M+24.5% | $82.0M | N/A |
| Current Liabilities | $53.6M+16.5% | $46.0M | N/A |
| Long-Term Debt | $5.2M+106.0% | $2.5M+4.5% | $2.4M |
| Total Equity | -$39.3M-27.0% | -$30.9M-9.1% | -$28.3M |
| Retained Earnings | N/A | N/A | N/A |
NAMM Cash Flow Statement
| Metric | Q4'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A |
NAMM Financial Ratios
| Metric | Q4'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Gross Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A |
| Current Ratio | 0.30+0.1 | 0.19 | N/A |
| Debt-to-Equity | -0.13-0.1 | -0.080.0 | -0.08 |
| FCF Margin | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$39.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.30), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Namib Minerals's annual revenue?
Namib Minerals (NAMM) reported $82.6M in total revenue for fiscal year 2025. This represents a -3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Namib Minerals's revenue growing?
Namib Minerals (NAMM) revenue declined by 3.8% year-over-year, from $85.9M to $82.6M in fiscal year 2025.
Is Namib Minerals profitable?
Yes, Namib Minerals (NAMM) reported a net income of $101.2M in fiscal year 2025, with a net profit margin of 122.5%.
How much debt does Namib Minerals have?
As of fiscal year 2025, Namib Minerals (NAMM) had $1.9M in cash and equivalents against $5.2M in long-term debt.
What is Namib Minerals's net profit margin?
Namib Minerals (NAMM) had a net profit margin of 122.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Namib Minerals's free cash flow?
Namib Minerals (NAMM) generated $2.5M in free cash flow during fiscal year 2025. This represents a -77.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Namib Minerals's operating cash flow?
Namib Minerals (NAMM) generated $13.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Namib Minerals's total assets?
Namib Minerals (NAMM) had $62.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Namib Minerals's capital expenditures?
Namib Minerals (NAMM) invested $11.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Namib Minerals's current ratio?
Namib Minerals (NAMM) had a current ratio of 0.30 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Namib Minerals's debt-to-equity ratio?
Namib Minerals (NAMM) had a debt-to-equity ratio of -0.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Namib Minerals's return on assets (ROA)?
Namib Minerals (NAMM) had a return on assets of 161.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Namib Minerals's debt-to-equity ratio negative or unusual?
Namib Minerals (NAMM) has negative shareholder equity of -$39.3M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Namib Minerals's Piotroski F-Score?
Namib Minerals (NAMM) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Namib Minerals's earnings high quality?
Namib Minerals (NAMM) has an earnings quality ratio of 0.14x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Namib Minerals?
Namib Minerals (NAMM) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.