6-K - Namib Minerals Warrants | StockGist

AI Analysis

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Namib Minerals reported full year 2025 financial results, including $82.6 million in revenue and $101.2 million in profit, while providing 2026 production guidance of 28,000 to 31,500 ounces and announcing leadership changes including Tulani Sikwila as CEO.

Key Takeaways

1Revenue decreased to $82.6 million in 2025 from $85.9 million in 2024 due to lower gold production.

2Profit increased significantly to $101.2 million in 2025 from $3.6 million in 2024, largely due to non-cash items including a $158.8 million gain from earnout liability revaluation.

3Gold production was approximately 25,000 ounces in 2025, with cash costs increasing to $1,653 per ounce from $1,150 per ounce in 2024.

4Tulani Sikwila was appointed Chief Executive Officer in March 2026, strengthening the leadership team.

5The Company provided 2026 guidance for production of 28,000 to 31,500 ounces and adjusted EBITDA of $50 million to $62 million.

6Dewatering activities at the Redwing Mine commenced on January 29, 2026, with completion expected by late 2026.

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Results of Operations

Full Year 2025

Metric	Value	Basis	Prior Period
Revenue	$82.60		$85.90
Profit	$101.20		$3.60
Adjusted EBITDA	$29.00	Non-GAAP	$24.55
Gross Profit	$34.20
Gross Margin	41.4%

Executive & Director Changes

Tulani Sikwila

Chief Executive Officer

appointed

Effective: 2026-03-01

To drive the next chapter of growth

Antonio Nieto

Vice President of Technical Services

appointed

To advance brownfield restart projects and exploration initiatives

Molly Zhang

Director

resigned

Effective: 2026-04-01

To pursue other endeavors

Exhibits (2)

6-K

REPORT OF FOREIGN PRIVATE ISSUER

99.1

PRESS RELEASE OF THE COMPANY, DATED APRIL 2, 2026