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Central Asia Metals (DE:9C3)
FRANKFURT:9C3
Germany Market

Central Asia Metals (9C3) Earnings Dates, Call Summary & Reports

2 Followers

Earnings Data

Report Date
Sep 16, 2026
TBA (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
0.18
Last Year’s EPS
0.09
Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Mar 19, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presented a balanced picture: strong operating performance, robust cash generation ($56m FCF), high group EBITDA margin (44%) and disciplined shareholder returns (12p dividend at top of policy) were major positives. However, the material impairment at Sasa (~$117.5m), negative reported EPS, geological and cost pressures at Sasa, and FX/tax headwinds are significant negatives that materially affect reported results. Management emphasized remediation plans at Sasa, ongoing exploration progress and conservative capital allocation. Given the sizeable one-off impairment but strong underlying cash generation and operational metrics, the positives and negatives are roughly balanced.
Company Guidance
Management guided 2026 production of 12,000–13,000 t of copper at Kounrad (vs 13,311 t in 2025; 2025 guidance 13,000–14,000 t) and 18,000–20,000 t zinc and 26,000–28,000 t lead at Sasa (2025 actuals 17,881 t Zn, 25,156 t Pb), with group CapEx guidance of $14.5–$17.5m for 2026 (Kounrad returning to ~$2m p.a.; Sasa sustaining capex was $11.3m of the $14.1m spent in 2025), exploration capitalised guidance of $3.0–$3.5m, and hedges covering c.50% of 2026 zinc production and 50% of euro operating cost exposure; 2025 financials to note were $230m revenue, ~$102m EBITDA (44% margin), $56m free cash flow, $80.1m cash, a 12p FY dividend (7.5p final) equating to 50% of FCF, >14% FCF yield and >7% dividend yield.
Strong Production Volumes
2025 production: 13,311 t copper, 17,881 t zinc and 25,156 t lead. Kounrad production was within guidance (13,000–14,000 t) and Sasa met revised guidance despite challenges.
Revenue and EBITDA Growth
Revenue $230 million (up 7% y/y) and EBITDA $102 million with a 44% group EBITDA margin.
High Profitability at Kounrad
Kounrad reported a 75% EBITDA margin. Unit cost per pound rose slightly from $0.80 to $0.82, reflecting strong cost control and FX benefit from tenge weakening.
Strong Cash Generation and Balance Sheet
Free cash flow $56 million; cash at year end $80.1 million (includes $0.4m restricted). Minimal debt and strong liquidity to support dividends, exploration and potential M&A.
Shareholder Returns
Final dividend 7.5p; full-year dividend 12p (~$28m), representing 50% of free cash flow (top end of 30–50% policy). Dividend yield stated >7% and free cash flow yield >14%.
Lower Treatment Charges
Treatment charges fell from $15 million in 2024 to $8 million in 2025, a reduction of ~$7 million, improving realizations and margins.
Capital Discipline and Guidance
Group CapEx $19 million (down $1.8m y/y). 2026 CapEx guidance $14.5–17.5 million and Kounrad CapEx expected to normalize to ~ $2m.
Operational & Sustainability Improvements
Completed dry stack tailings and paste backfill at Sasa (75% of tailings now managed via dry stack or backfill vs 70% target), solar at Kounrad provides ~16% of power needs, and 44,000 training hours delivered to staff.
Exploration Progress
CAML X progressed from target generation to drill-ready targets with planned 2,000 m drilling at Otyar and Yuzhnoe in summer 2026; increased capitalized exploration in 2025 and planned $3–3.5m exploration spend in 2026. Aberdeen stake increased to ~32.6% to fund drilling.
Completed Buyback and Other One-off Items
Executed $5.2m of a $10m share buyback (program concluded in 2026). Received a $2.5m gain related to the aborted New World Resources process; paid a $1.6m break fee.

Central Asia Metals (DE:9C3) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

DE:9C3 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Sep 16, 2026
2026 (Q2)
0.18 / -
0.093
Mar 19, 2026
2025 (Q4)
0.16 / -0.42
0.141-396.67% (-0.56)
Sep 10, 2025
2025 (Q2)
0.10 / 0.09
0.119-21.32% (-0.03)
Mar 20, 2025
2024 (Q4)
0.16 / 0.14
0.10633.33% (+0.04)
Sep 10, 2024
2024 (Q2)
0.12 / 0.12
0.10513.33% (+0.01)
Mar 25, 2024
2023 (Q4)
0.13 / 0.08
-0.084193.75% (+0.16)
Sep 13, 2023
2023 (Q2)
0.10 / 0.10
0.255-58.90% (-0.15)
Mar 29, 2023
2022 (Q4)
0.18 / -0.11
0.261-143.24% (-0.37)
Sep 14, 2022
2022 (Q2)
0.22 / 0.26
0.14970.76% (+0.11)
Mar 29, 2022
2021 (Q4)
0.24 / 0.26
0.16458.57% (+0.10)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

DE:9C3 Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 19, 2026
€1.82€1.71-6.26%
Sep 10, 2025
€1.79€1.80+0.50%
Mar 20, 2025
€1.61€1.70+5.39%
Sep 10, 2024
€1.69€1.67-0.95%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Central Asia Metals (DE:9C3) report earnings?
Central Asia Metals (DE:9C3) is schdueled to report earning on Sep 16, 2026, TBA (Confirmed).
    What is Central Asia Metals (DE:9C3) earnings time?
    Central Asia Metals (DE:9C3) earnings time is at Sep 16, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
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          What is the P/E ratio of Central Asia Metals stock?
          The P/E ratio of Central Asia Metals is N/A.
            What is DE:9C3 EPS forecast?
            DE:9C3 EPS forecast for the fiscal quarter 2026 (Q2) is 0.18.