Namib Minerals balance sheet

At the end of fiscal 2025, Namib Minerals had total assets of $62.8m, total liabilities of $102m and shareholders' equity of $70.5m. It held $1.9m in cash against $5.2m of debt: net debt of $3.3m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Namib Minerals: balance sheet, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	0	−0	2
Receivables	—	4	6
Inventory	—	3	4
Total current assets	—	9	16
Total assets	—	51	63
Total current liabilities	—	46	54
Short-term debt	—	1	3
Total debt	2	3	5
Total liabilities	—	82	102
Shareholders' equity	−28	−31	70
Non-controlling interests and other (assets − liabilities − equity)	—	—	−110
Net debt (negative = net cash)	2	3	3

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Namib Minerals's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Namib Minerals.