Namib Minerals Warrants (NAMMW) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	82.6M	82.6M	85.9M	65.1M	47.7M
Cost of Revenue	41.2M	48.4M	47.1M	42.6M	36.9M
Gross Profit	41.4M	34.2M	38.8M	22.5M	10.7M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	15.4M	22.2M	18.9M	8.5M	6.2M
General & Admin Expense	9.2M	22.2M	18.9M	8.5M	6.2M
Selling & Marketing Expense	6.2M	—	—	—	—
Other Expenses	(90.4M)	(311.0K)	5.2M	(3.6M)	1.1M
Total Operating Expenses	(79.3M)	21.9M	24.1M	4.9M	7.3M
Cost and Expenses	(48.4M)	70.3M	71.2M	47.5M	44.2M
Operating Income (EBIT)	112.8M	12.3M	14.7M	17.6M	3.4M
Non-Operating
Interest Income	(25.0K)	16.0K	14.0K	15.5M	4.8M
Interest Expense	974.0K	2.0M	1.5M	—	—
Net Interest Income	(999.0K)	(1.9M)	(2.3M)	15.5M	4.8M
Other Non-Op Income/Expense	(3.6M)	96.2M	(188.0K)	(8.7M)	4.0M
Non-Operating Income (excl Interest)	102.3M	(98.2M)	(1.3M)	6.3M	(6.2M)
EBT (Pre-Tax Income)	109.1M	108.5M	14.5M	8.9M	7.4M
Income Tax Expense	5.6M	7.3M	10.9M	5.3M	4.5M
Bottom Line
Net Income	103.6M	101.2M	3.6M	3.6M	2.9M
Earnings from Cont. Ops	103.6M	101.2M	3.6M	6.4M	2.9M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	103.6M	101.2M	3.6M	3.6M	2.9M
Per Share
Basic EPS	$1.74	$1.96	$0.07	$0.07	$0.05
Diluted EPS	$1.52	$1.84	$0.07	$0.07	$0.05
Revenue Per Share	$1.37	$1.60	$1.58	$1.20	$0.88
Shares
Basic Shares Outstanding	60.4M	51.7M	54.4M	54.4M	54.4M
Diluted Shares Outstanding	60.5M	55.0M	54.4M	54.4M	54.4M
Profitability Metrics
EBITDA	17.8M	117.7M	20.2M	14.0M	11.8M
D&A	7.3M	7.3M	4.1M	2.7M	2.2M
EBIT	10.5M	110.5M	16.0M	11.3M	9.6M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Dec 1, 2025