Company Analysis

Namib Minerals (NAMM)

Nasdaq: NAMM · Gold and Silver Ores · filing with the SEC since 2024
Grade5.3
◀ Past 6.1● Present 5.0▶ Future 4.3
2 est.

The grade of Namib Minerals

Nine metrics read from its own filings, by tense
Headline grade
5.3/10
◀ Past6.140% of the headline
● Present5.035% of the headline
▶ Future4.325% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.1/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.0/10

Has it survived what it has been through?

No warning events in its filings since 2024.

weight 45% of this tense · 60th percentile among 73 sector filers · read for itself

From the record

Namib Minerals' filings since 2024 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.3/10

What has it actually done, year after year?

+12.7% a year over 3 filed years; profitable in 3 of 3.

weight 33% of this tense · 53rd percentile among 44 sector filers · read for its customers

From the record

Namib Minerals' 3 filed years say what it did: revenue went from $65 million in fiscal 2023 to $83 million in fiscal 2025, up 12.7% a year; it rose in 1 of 2 years; the deepest fall was 4% from fiscal 2024 to fiscal 2025; net income was positive in 3 of 3 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span12.7%bottom 29% of its family
  • the share of years revenue rosebottom 15% of its family
  • the share of filed years with a profittop 5% of its family
  • the deepest fall from a revenue peak3.8%top 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
7.5/10

How has it treated the people who own it?

Share count grew 6.1% a year. 35% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 74th percentile among 38 sector filers · read for its shareholders

From the record

Over the 2 fiscal years to 2025-12-31, Namib Minerals' diluted share count grew about 6.1% a year, and dividends and buybacks returned about 35% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 40% of its family
  • cash returned against operating cash flowtop 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.0/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.8/10

Is it financially healthy right now?

Leverage 163%: owes 163¢ per asset dollar.

weight 45% of this tense · 48th percentile among 62 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Namib Minerals' shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 55 cents per dollar of everything the company owns. Leverage: it owed about 163 cents per dollar of assets, and net share issuance: its share count grew 12.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 2% of its family
  • gross profit against assetstop 1% of its family
  • the share count against the year beforebottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.1/10

How strong is its position in its industry?

top 49% of 44 in its family; net margin 122.5%.

weight 33% of this tense · 51st percentile among 44 sector filers · read for its customers

From the record

Namib Minerals' standing among 44 graded names in its industry family: revenue of $83 million in fiscal 2025 ranks in the bottom 29% by size; a net margin of 122.5% ranks in the top 1%; revenue growth of 12.7% a year over the last 2 filed years ranks in the bottom 26% (its annual reports).

What it rests on

  • revenue against the family$82.6Mbottom 29% of its family
  • net margin122.5%top 1% of its family
  • three-year revenue growth12.7%bottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.3/10

What are the people in charge doing?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 16 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 16 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Namib Minerals's leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 16 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.3/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
2.5/10

How much room does it have to grow?

bottom 25% of 42 in its family for room to expand.

weight 22% of this tense · 25th percentile among 42 sector filers · read for itself

From the record

Namib Minerals' room to grow, from the newest filed statements (fiscal 2025): cash of $2 million against debt of $5 million leaves -5.2% of its assets as net cash, bottom 12% of its family; cash from operations less capital spending is 3.1% of revenue (bottom 21%); a gross margin of 41.4% (bottom 41%) (its annual report).

What it rests on

  • cash less debt against assets-5.2%bottom 12% of its family
  • cash from operations less capital spending against revenue3.1%bottom 21% of its family
  • gross margin41.4%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.1/10

What could actually drive growth from here?

bottom 41% of 41 in its family for growth drivers.

weight 33% of this tense · 41st percentile among 41 sector filers · read for its customers

From the record

Namib Minerals' growth drivers, from the filed years to fiscal 2025: revenue grew 12.7% a year over the last three filed years against 12.7% over all 3, speeding up (bottom 39% of its family); the newest year grew -3.8% (bottom 9%); capital spending grew 34.7% a year (top 25%) (its annual reports). Namib Minerals reported 2 product lines in fiscal 2025: Gold Sales at $83 million (100%), Silver Sales at $55 thousand (0%); 0 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+0.0 points a yearbottom 39% of its family
  • the newest year's revenue growth-3.8%bottom 9% of its family
  • three-year growth of capital spending34.7%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
5.3/10

Did its newest year beat what its own record pointed to?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 38 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 38 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 38 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Namib Minerals's expectations vs reality is put at 5.3 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 38 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NAMM · research, not advice