Kenmare Resources (“KMR”) will report FY25 financial results on 25th March, having released its Q4’25 production update and FY26 guidance on 21st January. FY25 performance was impacted by the prolonged ramp-up of Wet Concentrator Plant A (“WCP A”), softer market conditions and peak capex associated with the WCP A upgrade. We estimate FY25 underlying EBITDA of US$78m and negative underlying EPS of 5cps, excluding a pre-announced non-cash impairment of up to US$300m. The impairment reflects lower ....
