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Kore Potash PLC
(LSE:KP2)
Kore Potash PLC (KP2) vs. iShares MSCI United Kingdom ETF (EWC)
Kore Potash PLC Business Overview & Revenue Model
Kore Potash PLC Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 148.05M | 268.45M | 248.44M | 213.76M |
| Gross Profit | 0.00 | 0.00 | 148.05M | 139.29M | 127.08M | 115.83M |
| EBITDA | ― | 0.00 | 0.00 | 0.00 | -1.78M | -3.18M |
| Net Income | -1.05K | -1.15M | -1.09M | -1.51M | -1.94M | -3.14M |
Balance Sheet | ||||||
| Total Assets | 200.21M | 171.22M | 178.53M | 168.40M | 178.49M | 178.45M |
| Cash, Cash Equivalents and Short-Term Investments | 3.50M | 1.34M | 1.58M | 5.05M | 11.09M | 5.55M |
| Total Debt | 0.00 | 0.00 | 449.58M | 428.67M | 402.70M | 303.69M |
| Total Liabilities | 2.74M | 3.92M | 3.44M | 749.50K | 1.07M | 786.05K |
| Stockholders Equity | 198.04M | 167.87M | 175.65M | 168.21M | 177.98M | 178.22M |
Cash Flow | ||||||
| Free Cash Flow | -10.05K | -3.03M | -7.04M | 13.05M | -18.93M | 24.64M |
| Operating Cash Flow | -1.27K | -622.31K | -1.26M | 16.36M | -14.76M | 26.47M |
| Investing Cash Flow | -8.68K | -2.38M | -5.73M | -62.55M | -13.42M | -11.60M |
| Financing Cash Flow | 12.36K | 2.81M | 3.50M | 550.00 | 104.05M | 7.23M |
Kore Potash PLC Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | £222.41M | -5.90 | -4.64% | 7.30% | 6.65% | -159.09% | |
52 Neutral | £93.09M | -8.60 | -21.41% | ― | ― | -133.33% | |
50 Neutral | £132.57M | -28.89 | -10.02% | ― | ― | ― | |
48 Neutral | £94.34M | -28.33 | -17.14% | ― | ― | 54.72% | |
44 Neutral | £170.81M | -165.00 | -0.58% | ― | ― | ― | |
41 Neutral | £3.84M | -0.09 | -58.43% | ― | ― | ― |
Kore Potash PLC Corporate Events
Kore Potash reported progress on early works at its Kola Potash Project in the Republic of Congo, including successful beneficiation tests in China, completion of engineering, geophysical and geotechnical surveys around the mine shafts, and the start of marine drilling and bathymetric studies for the planned jetty following government approvals. The company temporarily slowed the update of its Environmental and Social Impact Assessment while potential design changes are considered, but expects ESIA activities to resume in April 2026, and continues to engage with the Congolese government on finalising the state’s 10% free-carry stake. On the corporate side, Kore is advancing a Formal Sale Process after receiving approaches from two potential acquirers, while simultaneously working with OWI-RAMS and prospective development finance institutions on a comprehensive financing package for Kola that hinges on appointing an experienced contract operator and strategic potash partner. The company raised about US$12.2 million in November 2025, ended the quarter with roughly US$10.5 million in cash, and invested nearly US$3 million in project studies as it prioritises securing Kola financing and construction readiness, with the DX project remaining under strategic review and no mining or construction yet underway.
The most recent analyst rating on (GB:KP2) stock is a Sell with a £3.00 price target. To see the full list of analyst forecasts on Kore Potash PLC stock, see the GB:KP2 Stock Forecast page.
Kore Potash has extended the closing date of its Cleansing Prospectus offer, under which certain investors may apply for up to 7,000 CHESS Depositary Interests (CDIs) at AUD0.058 each, to 5:00pm Sydney time on 31 May 2026, while retaining the right to close the offer early or extend it further. The primary purpose of the Cleansing Prospectus is to remove trading restrictions on securities previously issued without full disclosure, a step that is expected to enhance liquidity and flexibility in the company’s capital management as it continues to develop its Kola and DX potash projects in the Republic of Congo.
The most recent analyst rating on (GB:KP2) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Kore Potash PLC stock, see the GB:KP2 Stock Forecast page.
Kore Potash has reported that the number of CHESS Depositary Interests over its ordinary shares quoted on the ASX remained unchanged in December 2025, holding steady at 589,194,233 CDIs. The company also confirmed there were no changes in its underlying issued capital, with ordinary shares and all existing option classes showing zero net movement over the month, signalling a stable capital structure with no new equity issuance or conversions during the period.
The most recent analyst rating on (GB:KP2) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Kore Potash PLC stock, see the GB:KP2 Stock Forecast page.
Kore Potash PLC announced a net increase of 36,196,833 CHESS Depositary Interests (CDIs) over its ordinary shares for November 2025, bringing the total to 589,194,233. This movement reflects transfers between CDIs quoted on ASX and ordinary shares quoted on AIM and JSE, highlighting the company’s active management of its securities across different markets.
Kore Potash PLC announced the issuance of 319,688,816 new ordinary shares to existing shareholders and new institutional and high net worth investors. These shares, issued without disclosure under specific provisions of the Corporations Act, are intended to rank equally with existing shares, potentially strengthening the company’s financial position and market presence.
Kore Potash PLC has issued a cleansing prospectus to offer up to 7,000 CHESS Depositary Interests (CDIs) at AUD 0.058 each, aiming to raise AUD 406. This move is intended to remove on-sale restrictions related to a prior placement, enhancing the liquidity of its shares. The announcement, considered inside information, is now public, and the company will announce further details regarding the CDIs’ trading admission.
Kore Potash PLC has announced a successful fundraising effort, raising approximately US$12.2 million through direct subscriptions of new ordinary shares. The funds will be used for various strategic purposes, including final payments to PowerChina for past work, updating environmental assessments, covering advisory and legal costs, supporting early test works, and providing working capital. This financial move is expected to support the company’s operations for at least the next 12 months, potentially strengthening its position in the potash industry. The fundraising also involves participation from significant shareholders and institutional investors, indicating strong support and confidence in Kore Potash’s strategic direction.
Kore Potash PLC reported a decrease in the number of CHESS Depositary Interests (CDIs) over its ordinary shares for October 2025, with a net movement of 1,838,906 CDIs. This movement reflects transfers between CDIs quoted on ASX and ordinary shares quoted on AIM and JSE, which is a routine adjustment required by the ASX. The announcement provides insights into the company’s operational adjustments in its securities across different markets, which could influence stakeholder perceptions of its market positioning.
Kore Potash PLC has initiated a Formal Sale Process to explore strategic options, including potential acquisition offers, as it seeks a suitable contract operator and strategic partner for its Kola Project. The company has received preliminary interest from two parties and is considering various funding options to support the project’s construction, highlighting the potential impact on its market positioning and shareholder value.