Central Asia Metals Swings to Loss on Sasa Impairment but Maintains Dividend and Growth Push

Central Asia Metals ( (GB:CAML) ) just unveiled an announcement.

Central Asia Metals reported 2025 revenue of $229.9 million and EBITDA of $101.8 million, largely flat year on year, but swung to a net loss of $75.2 million after a $117.8 million non-cash impairment at its Sasa mine, while maintaining strong cash of $80.1 million and completing a $10 million share buyback. Copper, zinc and lead production was broadly stable, allowing the board to declare a reduced but still policy-consistent full-year dividend of 12 pence per share and emphasise the company’s low-cost Kounrad asset and solid free cash flow of $56 million.

For 2026, the group guided slightly lower copper output but stable or higher zinc and lead volumes, trimmed capex to $14.5–17.5 million, and set out plans to boost productivity and extend mine life at Sasa through efficiency measures, exploration and ore sorting. Management highlighted a strategic push to secure growth via exploration campaigns in Kazakhstan and further funding of Aberdeen Minerals’ Scottish drilling, supported by a flexible balance sheet and new hedging to protect Sasa’s margins, underscoring a reset year aimed at strengthening resilience and future expansion.

The most recent analyst rating on (GB:CAML) stock is a Hold with a £230.00 price target. To see the full list of analyst forecasts on Central Asia Metals stock, see the GB:CAML Stock Forecast page.

Spark’s Take on CAML Stock

According to Spark, TipRanks’ AI Analyst, CAML is a Outperform.

The score is driven primarily by strong financial fundamentals (high margins, low leverage, solid cash generation). Valuation is supportive with a moderate P/E and high dividend yield, while the earnings call reinforced returns and operational progress but flagged Sasa cost/grade challenges. Technicals are constructive on trend but tempered by overbought signals that raise near-term volatility risk.

To see Spark’s full report on CAML stock, click here.

More about Central Asia Metals

Central Asia Metals is an AIM-quoted UK mining company based in London, producing copper, zinc and lead from its Kounrad SX-EW copper operation in Kazakhstan and the Sasa zinc-lead mine in North Macedonia. It also pursues early-stage base metals exploration through its 80%‑owned CAML Exploration in Kazakhstan and holds a 32.6% stake in Aberdeen Minerals, which is focused on base metals projects in northeast Scotland.

Average Trading Volume: 1,098,408

Technical Sentiment Signal: Buy

Current Market Cap: £289M

See more data about CAML stock on TipRanks’ Stock Analysis page.