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Kenmare Resources ( (GB:KMR) ) has issued an announcement.
Kenmare Resources reported a sharp deterioration in 2025 earnings as weak titanium feedstock markets, lower shipments and prices, and a major impairment charge pushed the group to an adjusted loss after tax of $23.7 million. Mineral product revenue fell 20% to $312.1 million, adjusted EBITDA slumped 63% to $58 million with a 19% margin, and net debt jumped to $158.8 million after peak capital spending of about $156 million on upgrading its main Wet Concentrator Plant A.
In response, the company suspended its 2025 final dividend, cut about 15% of the Moma workforce and is seeking covenant relief on its revolving credit facility while pushing through cost-saving measures aimed at reducing operating costs by roughly 10% in 2026. With construction on the WCP A upgrade largely complete and capex set to fall markedly this year, Kenmare plans to draw down product stockpiles, keep ilmenite output above 800,000 tonnes, and remains in intensive talks with the Mozambican government to renew the Moma Implementation Agreement, a key fiscal framework for its long-term operations.
The most recent analyst rating on (GB:KMR) stock is a Hold with a £254.00 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.
Kenmare Resources’ overall stock score is primarily influenced by its mixed financial performance and bearish technical indicators. The high dividend yield provides some support, but the negative P/E ratio and recent safety incident at the Moma Mine present significant risks.
To see Spark’s full report on KMR stock, click here.
More about Kenmare Resources
Kenmare Resources is a London and Dublin-listed miner and one of the world’s largest producers of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique. Moma supplies around 6% of global titanium feedstocks, providing raw materials for paints, plastics and ceramic tiles to customers in more than 15 countries.
Average Trading Volume: 106,700
Technical Sentiment Signal: Sell
Current Market Cap: £194.6M
For a thorough assessment of KMR stock, go to TipRanks’ Stock Analysis page.