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Kropz Plc ( (GB:KRPZ) ) has provided an update.
Kropz Plc has announced its final audited results for the year ending 31 March 2025, highlighting key developments at its Elandsfontein and Hinda projects. Elandsfontein, still in its trial production phase, faced challenges such as ore variability and lower production yields, but made strides with record production and sales, including its first shipment to the European market. The company is working to improve production efficiency and market reputation to achieve better pricing. Financially, Kropz secured several loan facilities to meet cash requirements, and a restructuring of financing arrangements was successfully concluded. The Hinda project is being optimized to reduce upfront capital expenditure and improve investment returns, with ongoing engagement with local government and potential suppliers. The global phosphate market is experiencing growth, driven by increased demand in Asia, and Kropz’s Elandsfontein rock concentrate remains in demand due to its advantageous properties.
More about Kropz Plc
Kropz Plc is an emerging African phosphate producer focused on the development and production of phosphate rock. The company operates primarily in the African market, with key projects including the Elandsfontein mine in South Africa and the Hinda project in the Republic of Congo.
Average Trading Volume: 53,371
Technical Sentiment Signal: Sell
Current Market Cap: £7.99M
For a thorough assessment of KRPZ stock, go to TipRanks’ Stock Analysis page.