NAMM on Nasdaq

Namib Minerals

Namib Minerals is a gold and Silver Ores company in the Cayman Islands, listed on Nasdaq (NAMM).1

Price unavailable

Last updated Oct 20, 2026.

Overview

$82.6MRevenue, fiscal 20252
$101.2MNet income, fiscal 20252

Compare with Titan Mining Corp, i-80 Gold Corp. or TRX GOLD Corp, or pick any stock.

  • TickerNAMM on Nasdaq1
  • IndustryGold and Silver Ores1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressSuite 210, 2Nd Floor, Windward Iii, Regatta Office Park, P.O. Box 500, Grand Cayman, Ky1-11063
  • Filer categoryNon-accelerated filer, Emerging growth company3

See how the biggest companies compare on our leaderboards

(the “Closing”) the Business Combination. In accordance with terms of the Business Combination Agreement:4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

41.4%Gross margin2
122.5%Net margin2
-3.8%Revenue growth, 20252
$2.5MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Gold Sales brought in 100% of the revenue Namib Minerals broke down this way in fiscal 2025.

  1. Gold Sales$82.5M2100%down 4% from 2024
  2. Silver Sales$55.0K20%down 14% from 2024
Products and services by year
Products and services202320242025
Gold Sales$63.8M$85.8M$82.5M
Silver Sales$32.0K$64.0K$55.0K

Business segments

How Mine brought in 50% of the revenue Namib Minerals broke down this way in fiscal 2025.

  1. How Mine$82.6M250%down 4% from 2024
  2. Reportable segments [member]$82.6M250%down 4% from 2024
Business segments by year
Business segments20242025
How Mine$85.6M$82.6M
Reportable segments [member]$85.9M$82.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue25¢$37.0M
  • Interest1¢$2.0M
  • Income tax5¢$7.3M
  • Profit69¢$101.2M

Out of $82.6M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending82¢$11.3M
  • Kept or used elsewhere18¢$2.5M

Out of $13.8M of cash from operations.2

Financial statements

Revenue2$82.6M in 2025+27% since 2023
0$25.0M$50.0M$75.0M$100.0M2023: $65.1M$65.1M20232024: $85.9M$85.9M2024+32%2025: $82.6M$82.6M2025−4%
Gross profit2$34.2M in 2025+52% since 2023
0$10.0M$20.0M$30.0M$40.0M2023: $22.5M$22.5M20232024: $38.8M$38.8M2024+73%2025: $34.2M$34.2M2025−12%
Net income2$101.2M in 2025+2690% since 2023
0$50.0M$100.0M$150.0M2023: $3.6M$3.6M20232024: $3.6M$3.6M2024−1%2025: $101.2M$101.2M2025+2720%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenue$82.6M$85.9M$65.1M
Production costs-$37.0M-$38.7M-$36.7M
Depreciation and amortization-$7.3M-$4.1M-$2.7M
Royalties-$4.1M-$4.3M-$3.2M
Gross profit$34.2M$38.8M$22.5M
Other income$777.0K$716.0K$3.9M
Administrative expenses-$23.4M-$20.1M-$9.0M
Change in fair value of earnout liability$158.8M
Change in fair value of derivative liability (warrants)$5.7M
Listing expense-$65.4M
Allowance for credit losses, net of recoveries-$23.0K-$13.0K-$1.3M
Foreign exchange (loss)/gain-$66.0K$1.0M$1.5M
Impairment-$240.0K-$5.7M
Operating profit$110.4M$14.7M$17.6M
Finance cost-$2.0M-$1.5M-$2.4M
Disposal of investment-$41.0K
Related party credit loss-$1.4M-$6.8M
Interest income$16.0K$14.0K$114.0K
Financial guarantee remeasurement$2.7M$486.0K
Profit before taxation$108.5M$14.5M$8.9M
Income tax expense-$7.3M-$10.9M-$5.3M
Profit for the year$101.2M$3.6M$3.6M
Total comprehensive income$101.2M$3.6M$3.6M
Basic earnings per share (in Dollars per share)$1.96$0.07$0.07
Diluted earnings per share (in Dollars per share)$1.84$0.07$0.07

Compare Namib Minerals with another company

Corporate structure

Namib Minerals sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Namib Minerals

  • Mzilikazi Godfrey Khumalo Filed SCHEDULE 13D/A on Namib Minerals, latest Aug 24, 2026 (2 filings since Jun 11, 2025)
  • Hennessy Capital Partners VI LLC Filed SCHEDULE 13G/A on Namib Minerals, latest Nov 14, 2025 (2 filings since Jul 25, 2025)
  • AQR CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Namib Minerals, latest Aug 14, 2025
  • Polar Asset Management Partners Inc. Filed SCHEDULE 13G/A on Namib Minerals, latest Aug 14, 2025
  • Southern SelliBen Trust Filed SCHEDULE 13D/A on Namib Minerals, latest Jul 29, 2025 (2 filings since Jun 11, 2025)
  • Tulani Sikwila Filed SCHEDULE 13D on Namib Minerals, latest Jun 11, 2025
  • Namib Minerals E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Namib Minerals reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$41.0M2 Dec 31, 2025$37.0M2 Dec 31, 2024+10.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.9M2 Dec 31, 2025-$315.0K2 Dec 31, 2024+699.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.9M2 Dec 31, 2025$3.2M2 Dec 31, 2024+22.7%

Leadership

Who has led Namib Minerals, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Tulani Sikwila2026–now

Chief financial officer

  1. Tulani Sikwila2026–now
Board members and other officers (9)

Timeline

  1. Mar 18, 2026New chief executive Tulani Sikwila becomes CEO5

Filings

131 filings to the SEC since October 2021: 2 annual reports, 8 insider forms, 9 large holders, 112 other. The latest 20:

  1. Sep 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Sep 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Aug 24, 2026SCHEDULE 13D/A EDGAR
  4. Aug 6, 2026EFFECT EDGAR
  5. Aug 6, 2026424B3 PROSPECTUS EDGAR
  6. Jul 28, 2026F-3 REGISTRATION STATEMENT EDGAR
  7. Jul 20, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Jul 17, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  9. Jul 17, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  10. Jul 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Jul 13, 20263 EDGAR
  12. Jul 7, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  13. Jul 7, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  14. Jul 7, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. Jun 29, 20263 EDGAR
  16. Jun 5, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  17. Jun 5, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  18. Jun 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. Jun 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. May 20, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 131 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Namib Minerals is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNamib Minerals1
  • CIK0002026514
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)1040 Gold and Silver Ores1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressSuite 210, 2Nd Floor, Windward Iii, Regatta Office Park, P.O. Box 500, Grand Cayman, KY1-1106, Cayman Islands1
  • Phone44-7584-3292541
  • Shares outstanding54,084,183 shares as of Dec 31, 20254
  • AuditorBDO South Africa Incorporated, Johannesburg, South Africa PCAOB ID 1368; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJun 18, 20241
  • Filings131 in all: 424B3 (26), 6-K (25), 425 (18), CORRESP (9), 3 (8), EFFECT (7), UPLOAD (7), F-4/A (6)1
    All 22 form types

    POS AM (5), SCHEDULE 13D (3), SCHEDULE 13G/A (3), 20-F (2), F-1 (2), SCHEDULE 13D/A (2), 8-A12B (1), CERT (1), DRS (1), F-1/A (1), F-3 (1), F-4 (1), S-8 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Apr 2, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary shares, par value $0.0001 per shareNAMMNasdaq
Warrants, each exercisable for one Ordinary Share at an exercise price of $11.50 per shareNAMMWNasdaq

From the cover page of the 20-F filed Apr 2, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18