Kenmare Resources plc (KMR.L), Wednesday announced a trading update for the full year 2025 and the fourth quarter ending 31 December 2025.
The company reported Heavy Mineral Concentrate production of 1,233,300 tonnes in 2025, down 15% year-on-year, primarily due to lower excavated ore volumes relating to the upgrade work to the company's largest mining plant.
Net debt amounted to $158.8 million at 31 December 2025 compared to $25.0 million in the full year 2024.
Meanwhile, demand for the company's products remained stable in the fourth quarter, although pricing continued to decline.
At the end of 2025, the company had cash and cash equivalents of $48.6 million, down from $56.7 million last year.
Kenmare's stock is trading at 260.00 pence, up 2.36 percent on the London Stock Exchange.
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