Namib Minerals (NAMMW) Stock Analysis
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Namib Minerals (NAMMW) posted $82.59M in revenue for fiscal 2025 (down 3.8% year over year), at a 122.5% net margin, and has compounded revenue about 20.1%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Namib Minerals
Namib Minerals has grown revenue from $47.66M to $82.59M over the last 4 fiscal years, compounding about 20.1% a year. The most recent year was down 3.8%, so growth has cooled from its longer-run pace.
Net margin sits at 122.5%, up 118.3 points year over year on a 41.4% gross margin. It carries about $5.18M of total debt.
The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Namib Minerals's SEC filings — descriptive, not advice. Ask the analyst your own question →
Namib Minerals revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $47.66M | $65.06M | $85.88M | $82.59M |
| Gross profit | $10.72M | $22.46M | $38.79M | $34.23M |
| Net income | $2.93M | $3.63M | $3.59M | $101.18M |
| Net margin | 6.1% | 5.6% | 4.2% | 122.5% |
Source: Namib Minerals SEC filings (10-K).
Namib Minerals: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 101.2% while revenue rose -3.8% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Inventory building faster than salesInventory rose 22.7% versus revenue -3.8% — possible overproduction or softening demand.
- Reported earnings run ahead of cashOver 3 years net income totalled $108.4M but operating cash flow only $47.8M — earnings aren't fully backed by cash, an accruals flag worth investigating.
Explore 4 years of Namib Minerals financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Namib Minerals financial history by metric
About Namib Minerals
Namib Minerals operates as a gold producer in Africa and Democratic Republic of Congo. The company owns and operates How Mine, Mazowe Mine, and Redwing Mine located in Zimbabwe, Africa. The company was incorporated in 2024 and is based in Grand Cayman, Cayman Islands. Namib Minerals is a subsidiary of The Southern SelliBen Trust.
Namib Minerals — frequently asked questions
What is Namib Minerals's revenue?
Namib Minerals (NAMMW) reported revenue of $82.59M for fiscal year 2025, down 3.8% from the prior year, according to its SEC filings.
Is Namib Minerals profitable?
Yes. NAMMW earned net income of $101.18M in fiscal 2025, a net margin of 122.5%.
What is NAMMW's P/E ratio?
Namib Minerals trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Namib Minerals growing?
NAMMW's revenue grew at roughly 20.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Namib Minerals have?
As of fiscal year 2025, NAMMW carried roughly $5.18M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Namib Minerals's gross margin?
NAMMW's gross margin was 41.4% in fiscal 2025 — gross profit of $34.23M on revenue of $82.59M.
What is Namib Minerals's market cap?
Namib Minerals (NAMMW) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Namib Minerals's fiscal year end?
NAMMW's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Namib Minerals's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.