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Kenmare details 2025 government payments from Mozambique titanium operations

Story Highlights
  • Kenmare released its 2025 government payments report, outlining taxes, royalties, fees and infrastructure-related cash outflows from its Moma mine.
  • All disclosed payments stem from Mozambique-based subsidiaries that run Moma, with KMML taxed at 35% and both entities paying production-linked royalties under local agreements.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kenmare details 2025 government payments from Mozambique titanium operations

Meet Samuel – Your Personal Investing Prophet

Kenmare Resources ( (GB:KMR) ) has provided an announcement.

Kenmare Resources has published its 2025 Report on Payments to Governments, detailing taxes, royalties, fees and infrastructure-related payments made primarily to the Government of Mozambique. The disclosure, prepared under Irish and UK transparency rules for extractive industries, covers cash payments arising from mining and processing at the Moma Titanium Minerals Mine.

The report shows that all relevant revenues and operating costs are recorded in Mozambique through Kenmare’s wholly owned subsidiaries KMML and KMPL, which together operate Moma as a single project. Payments include a 35% corporation tax on KMML’s taxable profits, mining and revenue royalties tied to heavy mineral concentrate production and sales, and other mandatory fees above EU and UK materiality thresholds.

Kenmare notes that KMPL remains exempt from corporation tax under an implementation agreement with Mozambique, while still paying a 1% revenue royalty on recognised sales. The company positions the disclosure as part of its broader transparency and sustainability efforts, with its wider socioeconomic contributions outlined separately in its 2025 sustainability reporting.

The most recent analyst rating on (GB:KMR) stock is a Hold with a £220.00 price target. To see the full list of analyst forecasts on Kenmare Resources stock, see the GB:KMR Stock Forecast page.

Spark’s Take on KMR Stock

According to Spark, TipRanks’ AI Analyst, KMR is a Neutral.

The score is held back primarily by the 2025 earnings collapse (large net loss), negative free cash flow, and increased leverage, alongside weak technical momentum (below key moving averages with negative MACD). The main offset is the very high dividend yield, though the negative P/E reflects the recent loss.

To see Spark’s full report on KMR stock, click here.

More about Kenmare Resources

Kenmare Resources is an Irish-incorporated mining company with a premium listing in London and a secondary listing in Dublin, focused on titanium minerals and zircon. It operates the Moma Titanium Minerals Mine in northern Mozambique, supplying about 6% of global titanium feedstocks to customers in more than 15 countries for use in products such as paints, plastics and paper.

Average Trading Volume: 139,291

Technical Sentiment Signal: Sell

Current Market Cap: £211.8M

Find detailed analytics on KMR stock on TipRanks’ Stock Analysis page.

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