Jubilee Metals Group (JLP) AI Stock Analysis

• Market Cap: £125.85M
• Dividend Yield: N/A
• Average Volume (3M): 13.74M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.38
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 885
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 3,146,296,000
• 10 Day Avg. Volume: 3,438,850
• 30 Day Avg. Volume: 13,737,737
• PEG Ratio: <0.01
• Price to Book (P/B): 0.60
• Price to Sales (P/S): 8.92
• P/FCF Ratio: -10.58
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £6.00
• Price Target Upside: 98.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: 4.00p ▲(32.45% Upside)

The score is held down primarily by a severe FY2025 financial deterioration (revenue collapse, large net loss, and negative free cash flow). Technicals provide partial support due to strong momentum and price above key averages, though overbought indicators add risk. Valuation impact is neutral-to-slightly negative due to missing P/E and dividend yield data.

Positive Factors

Resource-recovery business model

Jubilee’s model focuses on re-treating existing tailings and secondary feed using optimized flowsheets and access agreements. This reduces reliance on greenfield discovery, can enable lower upfront project scope per site, and supports repeatable roll‑outs where feed access terms are secured.

Multi-metal product mix

A diversified output of PGMs and base metals spreads commodity exposure across multiple markets and payables structures. Structurally, this provides revenue mix flexibility and helps cushion the company from weakness in any single metal price cycle over the medium term.

Positive operating cash flow in 2025

Maintaining positive operating cash flow during a year of large accounting losses indicates underlying cash-generative processing operations. This supports near-term working capital needs, provides some runway for restructuring or redeployment, and reduces immediate refinancing urgency.

Negative Factors

Severe FY2025 revenue and profit collapse

The dramatic drop in scale and swing to a deep net loss materially weakens operating leverage and undermines historical profitability. Persistently lower throughput or pricing would impair ability to cover fixed costs, challenging long‑term viability and investor confidence without a clear recovery path.

Negative and volatile free cash flow

Repeated negative free cash flow forces reliance on external financing for capex and growth, constraining organic reinvestment. Volatility in FCF complicates budgeting and heightens execution risk for scaling processing plants or honoring feed access commitments over a multi‑quarter horizon.

Rising leverage and equity erosion

An increasing debt-to-equity ratio alongside shrinking equity reduces financial flexibility and increases funding cost sensitivity. If operating performance doesn't recover, higher leverage limits capacity to pursue new processing sites, raises refinancing risk, and pressures strategic optionality.

Jubilee Metals Group Business Overview & Revenue Model

Company Description

Jubilee Metals Group (JLP) is a diversified metal recovery business focused on the extraction of metals from mine tailings, waste, slag, and other secondary materials. Operating primarily in South Africa and Zambia, the company leverages its expertise in metal processing and recovery to produce a range of metals including platinum group metals (PGMs), chrome, copper, and cobalt. Jubilee Metals is positioned in the mining industry, offering sustainable solutions for extracting value from mining waste while reducing environmental impact.

How the Company Makes Money

Jubilee Metals Group generates revenue through the recovery and sale of metals extracted from mining waste and secondary materials. The company's income primarily comes from the sale of platinum group metals (PGMs), chrome concentrates, and base metals such as copper and cobalt. Its operations involve entering into agreements with mine owners to process and recover valuable metals from tailings and slag, allowing them to monetize otherwise discarded materials. Significant partnerships with mining companies provide Jubilee access to large quantities of tailings, ensuring a steady supply of material for processing. The company's proprietary technology and expertise in metal recovery enhance its ability to efficiently extract and sell metals, contributing to its earnings.

Jubilee Metals Group Financial Statement Overview

Summary

Results deteriorated sharply in FY2025 with revenue collapsing (~11.7m vs ~205.4m) and profitability flipping to a deep net loss (~-23.4m) with negative margins. Balance sheet leverage remains moderate (debt-to-equity ~0.23), but losses reduced equity and flexibility. Operating cash flow stayed positive (~9.3m) yet declined, while free cash flow remained negative (~-9.9m), increasing funding and execution risk.

Income Statement

Profitability and scale deteriorated sharply in the latest annual period (2025-06-30): revenue fell to ~11.7m from ~205.4m in 2024, flipping gross profit negative and driving a deep net loss (~-23.4m) with materially negative margins. This represents a major break from 2020–2024, when the company was generally profitable with positive operating and net margins. The key strength is the history of strong profitability earlier in the period, but the most recent results dominate the outlook and indicate elevated operational and pricing/volume risk.

Balance Sheet

Leverage remains moderate overall, with debt-to-equity at ~0.23 in 2025 (up from ~0.12 in 2024), suggesting the balance sheet is not heavily debt-funded. However, the sharp 2025 loss pushed returns on equity meaningfully negative, and equity declined from 2024 levels, reducing financial flexibility. Strength: still a relatively conservative leverage profile. Weakness: rising leverage trend and losses eroding shareholder value.

Cash Flow

Operating cash flow stayed positive in 2025 (~9.3m) but declined from 2024 (~17.6m), while free cash flow was negative again (~-9.9m), indicating continued cash investment or working-capital pressure outweighing operating inflows. Historically, free cash flow has been volatile (positive in 2020–2021, negative in most subsequent years), which increases funding and execution risk. Strength: positive operating cash flow provides some near-term support. Weakness: persistent negative free cash flow limits self-funding capacity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	240.29M	11.73M	205.40M	141.93M	140.01M	132.85M
Gross Profit	24.92M	-3.64M	35.98M	31.39M	45.34M	69.31M
EBITDA	28.27M	-6.89M	29.72M	26.40M	38.18M	48.61M
Net Income	3.27M	-23.44M	4.73M	12.91M	18.04M	39.60M
Balance Sheet
Total Assets	340.74M	409.38M	413.96M	300.14M	293.62M	194.67M
Cash, Cash Equivalents and Short-Term Investments	6.68M	4.56M	19.32M	12.60M	16.72M	19.64M
Total Debt	30.45M	54.13M	31.25M	14.20M	8.83M	9.34M
Total Liabilities	146.58M	164.91M	155.00M	95.48M	86.07M	58.12M
Stockholders Equity	190.50M	239.33M	254.47M	201.45M	203.85M	133.38M
Cash Flow
Free Cash Flow	-13.73M	-9.90M	-21.23M	-11.91M	-21.11M	3.98M
Operating Cash Flow	13.82M	9.28M	17.63M	31.01M	31.01M	23.79M
Investing Cash Flow	-40.75M	-24.59M	-39.88M	-43.88M	-64.62M	-19.82M
Financing Cash Flow	29.38M	-6.69M	25.84M	9.97M	28.18M	1.12M

Jubilee Metals Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:JLP, the sentiment is Positive. The current price of 3.02 is below the 20-day moving average (MA) of 3.51, below the 50-day MA of 3.21, and below the 200-day MA of 3.24, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 76.02 is Negative, neither overbought nor oversold. The STOCH value of 73.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:JLP.

Jubilee Metals Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
JLP	51 Neutral	£125.85M	―	―	―	―	―
ARS	51 Neutral	£58.54M	-11.50	-908.21%	―	―	―
ALL	48 Neutral	£83.86M	-22.40	-17.14%	―	―	54.72%
KOD	47 Neutral	£92.28M	-10.00	-21.41%	―	―	-133.33%
RBW	46 Neutral	£122.41M	-48.42	-21.81%	―	―	28.30%
1SN	46 Neutral	£80.74M	-36.10	-10.01%	―	―	―

Jubilee Metals Group Corporate Events

Jubilee Metals Wins Shareholder Backing at Annual General Meeting

Jubilee Metals Group announced that at its Annual General Meeting held on 14 January 2026, all proposed resolutions were approved by the requisite majority of shareholders, with the exception of Resolution 4, which was withdrawn prior to the vote. The successful passage of the remaining resolutions provides the board with continued shareholder backing for its existing authorities and corporate governance framework, supporting the company’s ongoing operational and strategic plans within the metals processing sector.

The most recent analyst rating on (GB:JLP) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on Jubilee Metals Group stock, see the GB:JLP Stock Forecast page.

Jubilee Metals Receives US$10m Instalment From South African Asset Sale

Jubilee Metals Group has received a second US$10 million cash instalment from Chrome One after completing the sale of its South African Chrome and PGM operations, strengthening its balance sheet as it pivots towards its Zambia-focused copper business. The company also reminded shareholders of its upcoming Annual General Meeting on 14 January 2026 and invited investors to submit questions in advance, underscoring efforts to maintain engagement and transparency with its investor base amid its ongoing strategic transition.

The most recent analyst rating on (GB:JLP) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Jubilee Metals Group stock, see the GB:JLP Stock Forecast page.

Jubilee Metals Completes Sale of South African Chrome and PGM Assets to Focus on Zambian Copper

Jubilee Metals Group has completed the sale of its South African chrome and PGM operations to One Chrome (Pty) Ltd, confirming that all conditions have been met and that the second cash instalment of US$10 million is expected shortly. With the disposal now finalised, Jubilee is repositioning itself as a pure-play Zambian copper business, aiming to replicate its prior growth in chrome through accelerated expansion of its copper operations, a shift that marks a significant strategic refocus likely to alter its operational profile and risk exposure for investors.

The most recent analyst rating on (GB:JLP) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Jubilee Metals Group stock, see the GB:JLP Stock Forecast page.

Jubilee Metals Group Advances Copper Strategy with Strong Q1 FY2026 Results

Jubilee Metals Group has announced its audited results for the year ending June 30, 2025, highlighting significant progress in its copper-focused operations in Zambia. The company is advancing its Three-Pillar Strategy, which has resulted in a 65.5% increase in copper production in Q1 FY2026. The proposed sale of its chrome and PGM operations in South Africa is expected to complete by December 2025, providing capital for further growth in Zambia. Jubilee has also executed sales of copper-bearing material and waste assets, with revenue to be recognized in the current financial period. The company’s strategic investments and partnerships are expected to enhance its operational performance and market positioning in the copper industry.

The most recent analyst rating on (GB:JLP) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Jubilee Metals Group stock, see the GB:JLP Stock Forecast page.

Jubilee Metals Partners with Galileo for Molefe Mine Development

Jubilee Metals Group has entered into a co-operation and project development agreement with Galileo Resources for the accelerated exploration and development of the Molefe Mine in Zambia. This partnership combines Jubilee’s operational expertise with Galileo’s geological knowledge, allowing for a focused approach to mining operations, on-site processing, and resource exploration. The agreement also allows Galileo to earn a stake in the project by funding exploration efforts, while Jubilee retains a majority interest, ensuring the mine remains a core asset. This collaboration aims to enhance production capacity and potentially replicate the project’s success across other properties in Zambia.

The most recent analyst rating on (GB:JLP) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Jubilee Metals Group stock, see the GB:JLP Stock Forecast page.

Jubilee Metals Group Reports 65% Increase in Copper Production for Q1 FY2026

Jubilee Metals Group has reported a significant increase in copper production for Q1 FY2026, achieving a 65% rise compared to the previous quarter, with no material power outages affecting operations. The company has outlined targeted growth deliverables for the upcoming quarters, including increased high-grade copper ore deliveries from the Molefe mine and expanded filtering capacity at the Roan concentrator. These developments are part of Jubilee’s strategy to stabilize and grow its copper business in Zambia, with a focus on maintaining operational stability and cost control.

The most recent analyst rating on (GB:JLP) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Jubilee Metals Group stock, see the GB:JLP Stock Forecast page.

Jubilee Metals Gains Tribunal Approval for South African Asset Sale

Jubilee Metals Group has received unconditional approval from the South African Competition Tribunal for the sale of its South African Chrome and PGM operations to One Chrome (Pty) Ltd. This approval marks a significant step in the disposal process, with only the South African Reserve Bank’s approval and audit-related conditions remaining. The completion of this sale, expected by the end of 2025, will allow Jubilee to concentrate on its Zambian copper projects, potentially enhancing its strategic focus and operational efficiency.

The most recent analyst rating on (GB:JLP) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Jubilee Metals Group stock, see the GB:JLP Stock Forecast page.

Jubilee Metals Advances Sale of South African Operations Amid Production Adjustments

Jubilee Metals Group has announced progress in the sale of its South African Chrome and PGM operations, with shareholder approval already secured and the first tranche of $15 million received. The company is working towards fulfilling the remaining conditions for the sale, including approval from the South African Competition Commission and delivery of audited accounts. Despite a decrease in chrome and PGM production due to the cessation of a supply contract, Jubilee has managed to offset this with increased production from other operations. The company has also reported a significant decrease in its Lost Time Frequency Injury Rate, indicating improved safety performance.

The most recent analyst rating on (GB:JLP) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Jubilee Metals Group stock, see the GB:JLP Stock Forecast page.