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29metals Ltd. ( (AU:29M) ) has issued an update.
29Metals reported 2025 full-year revenue of $567 million, up 3%, with cost of sales down 14% to $482 million, driving a sharp improvement in group EBITDA to $176 million and a return to a $24 million net profit after a loss in 2024. The turnaround was led by Golden Grove, where EBITDA surged 76% to $178 million and unit costs fell, while group debt was cut by $74 million to $188 million, reinforcing the company’s financial position.
Management highlighted the underlying strength of Golden Grove, noting that reduced capital spending after 2026 and optimised mine plans using higher-grade ore bodies are expected to further enhance performance. At Capricorn Copper, substantial progress on dewatering and permitting through 2025 underpins confidence to complete a Restart Definitive Feasibility Study in 2026, advancing the asset toward a potential restart and future growth option for stakeholders.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
More about 29metals Ltd.
29Metals Limited is an Australian base metals producer focused on copper and zinc, with key operations including the Golden Grove mine and the Capricorn Copper project. The company targets global copper and zinc markets, supplying concentrate production while managing capital expenditure and balance sheet strength to support long-term operational stability and potential restarts of suspended assets.
Average Trading Volume: 7,785,644
Technical Sentiment Signal: Buy
Current Market Cap: A$768.8M
For an in-depth examination of 29M stock, go to TipRanks’ Overview page.