Namib Minerals Warrants (NAMMW) Financials
Newest figures come from the 20-F for FY2025, filed Apr 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NAMMW SEC filings page.
Namib Minerals Warrants (NAMMW) reported $82.6M in revenue for fiscal year 2025, down 3.8% from the prior fiscal year. This page shows its 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).
Reported profit converts poorly into cash, while liabilities finance a balance sheet with negative equity.
FY2025 net income reached$101.2M against operating cash flow of only$13.8M , so the earnings surge did not translate into comparable cash from operations. With revenue down3.8% from FY2024, the combination points away from improved operating scale and toward a material disconnect between reported profit and underlying cash generation.
Cash generation weakened across the latest period: operating cash flow fell from
The balance sheet remains structurally strained: FY2025 liabilities of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Namib Minerals Warrants'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 Warrants's revenue declined 3.8% year-over-year, from $85.9M to $82.6M. This contraction results in a growth score of 71/100.
Namib Minerals Warrants carries a low D/E ratio of 0.07, meaning only $0.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 83/100, indicating a strong balance sheet with room for future borrowing.
Namib Minerals Warrants's current ratio of 0.30 is below the typical benchmark, resulting in a score of 2/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Namib Minerals Warrants has a free cash flow margin of 3.1%, earning a moderate score of 60/100. The company generates positive cash flow after capital investments, but with room for improvement.
Namib Minerals Warrants earns a strong 143.6% return on equity (ROE), meaning it generates $144 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 85/100.
Namib Minerals Warrants passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 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 Warrants 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 Warrants generated $82.6M in revenue in fiscal year 2025. This represents a decrease of 3.8% from the prior year.
Namib Minerals Warrants reported $101.2M in net income in fiscal year 2025. This represents an increase of 2720.0% from the prior year.
Namib Minerals Warrants earned $1.84 per diluted share (EPS) in fiscal year 2025. This represents an increase of 2528.6% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Namib Minerals Warrants 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 Warrants held $1.9M in cash against $5.2M in long-term debt as of fiscal year 2025, with $53.6M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Namib Minerals Warrants's gross margin was 41.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.7 percentage points from the prior year.
Namib Minerals Warrants's ROE was 143.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Namib Minerals Warrants 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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
NAMMW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Revenue | $82.6M-3.8% | $85.9M+32.0% | $65.1M |
| Cost of Revenue | $37.0M-4.4% | $38.7M+5.3% | $36.7M |
| Gross Profit | $34.2M-11.7% | $38.8M+72.7% | $22.5M |
| Interest Expense | $858K+84.1% | $466K-58.6% | $1.1M |
| Income Tax | $7.3M-32.8% | $10.9M+107.6% | $5.3M |
| Net Income | $101.2M+2720.0% | $3.6M-1.1% | $3.6M |
| EPS (Basic) | $1.96+2700.0% | $0.070.0% | $0.07 |
| EPS (Diluted) | $1.84+2528.6% | $0.070.0% | $0.07 |
| Diluted Shares (Avg) | 55M+12.6% | 49M0.0% | 49M |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
NAMMW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Total Assets | $62.8M+23.0% | $51.0M | N/A |
| Current Assets | $16.2M+80.7% | $9.0M | N/A |
| Cash & Equivalents | $1.9Mn/m | -$315K-213.3% | $278K |
| Inventory | $3.9M+22.7% | $3.2M | N/A |
| Accounts Receivable | $5.5M+46.9% | $3.8M | N/A |
| Total Liabilities | -$7.7M-109.4% | $82.0M | N/A |
| Current Liabilities | $53.6M+16.5% | $46.0M | N/A |
| Non-Current Liabilities | $48.5M+34.8% | $36.0M | N/A |
| Long-Term Debt | $5.2M+106.0% | $2.5M+4.5% | $2.4M |
| Total Equity | $70.5Mn/m | -$30.9Mn/m | -$28.3M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill, Retained Earnings.
NAMMW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Operating Cash Flow | $13.8M-27.9% | $19.1M+28.2% | $14.9M |
| Depreciation & Amortization | $7.3M+75.5% | $4.1M+53.1% | $2.7M |
| Capital Expenditures | $11.3M+46.2% | $7.7M+24.1% | $6.2M |
| Free Cash Flow | $2.5M-77.9% | $11.4M+31.1% | $8.7M |
| Investing Cash Flow | -$12.4Mn/m | -$10.1Mn/m | -$5.6M |
| Financing Cash Flow | $795Kn/m | -$9.7Mn/m | -$9.1M |
| Dividends Paid | N/A | $9.0M+13.8% | $7.9M |
Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.
NAMMW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Margin, Liabilities-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Note: The current ratio is below 1.0 (0.30), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Namib Minerals Warrants NAMMW | FY2025 | $82.6M | $101.2M | N/A | N/A | 63/100 |
| Blue Gold Limited Warrant BGLWW | FY2025 | N/A | -$21.9M | N/A | N/A | — |
| Austin Gold Corp. AUST | FY2025 | N/A | -$1.6M | N/A | $10.7M | — |
Where Namib Minerals Warrants Ranks
Frequently Asked Questions
What is Namib Minerals Warrants's annual revenue?
Namib Minerals Warrants (NAMMW) 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 Warrants's revenue growing?
Namib Minerals Warrants (NAMMW) revenue declined by 3.8% year-over-year, from $85.9M to $82.6M in fiscal year 2025.
Is Namib Minerals Warrants profitable?
Yes, Namib Minerals Warrants (NAMMW) reported a net income of $101.2M in fiscal year 2025.
How much debt does Namib Minerals Warrants have?
As of fiscal year 2025, Namib Minerals Warrants (NAMMW) had $1.9M in cash and equivalents against $5.2M in long-term debt.
What is Namib Minerals Warrants's gross margin?
Namib Minerals Warrants (NAMMW) had a gross margin of 41.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Namib Minerals Warrants's return on equity (ROE)?
Namib Minerals Warrants (NAMMW) has a return on equity of 143.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Namib Minerals Warrants's free cash flow?
Namib Minerals Warrants (NAMMW) 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 Warrants's operating cash flow?
Namib Minerals Warrants (NAMMW) generated $13.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Namib Minerals Warrants's total assets?
Namib Minerals Warrants (NAMMW) had $62.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Namib Minerals Warrants's capital expenditures?
Namib Minerals Warrants (NAMMW) invested $11.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Namib Minerals Warrants's current ratio?
Namib Minerals Warrants (NAMMW) 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 Warrants's debt-to-equity ratio?
Namib Minerals Warrants (NAMMW) had a debt-to-equity ratio of 0.07 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Namib Minerals Warrants's return on assets (ROA)?
Namib Minerals Warrants (NAMMW) had a return on assets of 161.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Namib Minerals Warrants's Piotroski F-Score?
Namib Minerals Warrants (NAMMW) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Warrants's earnings high quality?
Namib Minerals Warrants (NAMMW) 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 Warrants?
Namib Minerals Warrants (NAMMW) scores 63 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.