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Kore Potash PLC
(LSE:KP2)
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Rating:47Neutral
Price Target:
3.50 p
▲(6.06% Upside)
Action:Reiterated
Date:08/06/26
The score is held down primarily by weak financial performance (ongoing losses, volatile/zero recent revenue, and negative recent cash flow). Technicals provide a modest offset with mildly positive momentum and price above key moving averages. Valuation contributes negatively due to the very negative P/E (loss-making) and no dividend yield support.
Positive Factors
Improved Current Leverage
The absence of reported debt in the latest two years, combined with a sizable equity base, improves financial flexibility and reduces immediate solvency pressure. This gives Kore Potash a stronger balance-sheet foundation for advancing its project than its heavily leveraged 2021–2023 position.
Negative Factors
Persistent Losses
Persistent net losses and negative operating profit show that Kore Potash has not yet established a profitable operating model. Continued losses can consume equity, restrict funding flexibility, and make progress toward commercial production more dependent on external capital or other financing support.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Current Leverage
The absence of reported debt in the latest two years, combined with a sizable equity base, improves financial flexibility and reduces immediate solvency pressure. This gives Kore Potash a stronger balance-sheet foundation for advancing its project than its heavily leveraged 2021–2023 position.
Read all positive factors
Kore Potash PLC (KP2) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£175.98M
Dividend YieldN/A
Average Volume (3M)9.45M
Price to Earnings (P/E)―
Beta (1Y)0.11
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees22
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding5,175,938,500
10 Day Avg. Volume1,331,998
30 Day Avg. Volume9,445,057
Financial Highlights & Ratios
PEG Ratio6.05
Price to Book (P/B)0.92
Price to Sales (P/S)0.00
P/FCF Ratio-105.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)£116.41M
Kore Potash PLC Business Overview & Revenue Model
Company Description
Kore Potash plc, operating through its various subsidiaries, specializes in the discovery and advancement of potash mineral resources within the Republic of Congo. The company's primary asset is the Sintoukola potash project, where it maintains a ...
How the Company Makes Money
Kore Potash’s business model is project development progressing toward commercial potash production. If/when its potash project is constructed and operating, the core revenue stream would be the sale of produced potash (fertilizer-grade potash pro...
Kore Potash PLC Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 148.05M | 268.45M | 248.44M |
| Gross Profit | -482.00 | 0.00 | 148.05M | 139.29M | 127.08M |
| EBITDA | -1.42M | 0.00 | 0.00 | 0.00 | -1.78M |
| Net Income | -1.01M | -1.15M | -1.09M | -1.51M | -1.94M |
Balance Sheet | |||||
| Total Assets | 210.04M | 171.22M | 178.53M | 168.40M | 178.49M |
| Cash, Cash Equivalents and Short-Term Investments | 10.56M | 1.34M | 1.58M | 5.05M | 11.09M |
| Total Debt | 0.00 | 0.00 | 449.58M | 428.67M | 402.70M |
| Total Liabilities | 453.81K | 3.92M | 3.44M | 749.50K | 1.07M |
| Stockholders Equity | 210.15M | 167.87M | 175.65M | 168.21M | 177.98M |
Cash Flow | |||||
| Free Cash Flow | -1.82M | -3.03M | -7.04M | 13.05M | -18.93M |
| Operating Cash Flow | -1.75M | -622.31K | -1.26M | 16.36M | -14.76M |
| Investing Cash Flow | -11.77M | -2.38M | -5.73M | -62.55M | -13.42M |
| Financing Cash Flow | 22.61M | 2.81M | 3.50M | 550.00 | 104.05M |
Kore Potash PLC Technical Analysis
Positive
3.30
Price Trends
3.22
Positive
3.13
Positive
3.15
Positive
Market Momentum
0.07
Negative
76.01
Negative
70.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KP2, the sentiment is Positive. The current price of 3.3 is above the 20-day moving average (MA) of 3.29, above the 50-day MA of 3.22, and above the 200-day MA of 3.15, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 76.01 is Negative, neither overbought nor oversold. The STOCH value of 70.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:KP2.
Kore Potash PLC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | £167.14M | -0.86 | -33.21% | 8.88% | -28.42% | -411.33% | |
50 Neutral | £157.10M | -36.47 | -9.10% | ― | ― | 14.29% | |
47 Neutral | £175.98M | -243.83 | -0.27% | ― | ― | ― | |
46 Neutral | £57.04M | -28.00 | -5.37% | ― | ― | -135.71% | |
42 Neutral | £3.81M | -0.04 | -60.32% | ― | ― | 52.00% | |
29 Underperform | £121.03M | -31.72 | -15.04% | ― | ― | 36.62% |
* Basic Materials Sector Average
GB:KP2
Kore Potash PLC
3.60
0.40
12.50%
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Kore Potash PLC Corporate Events
Other
Kore Potash Reports Minor August Shift in ASX CDI Holdings
Neutral
Sep 4, 2026
Kore Potash reported a small decrease in its ASX-quoted CHESS Depositary Interests over August 2026, with the CDI count slipping from 573,529,590 to 571,204,150. This movement reflects routine transfers between Australian CDIs and ordinary shares ...
Other
Kore Potash reports unchanged CDI and share capital for July
Neutral
Aug 7, 2026
Kore Potash Plc, a potash exploration and development company listed on the ASX, AIM and JSE, uses CHESS Depositary Interests to represent its ordinary shares for Australian investors and maintains a capital base comprising fully paid shares and s...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsRegulatory Filings and Compliance
Kore Potash Advances Formal Sale Process as Kola Funding and Tests Progress
Neutral
Jul 28, 2026
Kore Potash’s second-quarter update shows its efforts centred on progressing a Formal Sale Process, with two potential acquirers currently conducting due diligence on a possible takeover of the company. The group ended June with about US$7.5...
Regulatory Filings and Compliance
Kore Potash Reports June CDI Shift Between ASX and Overseas Listings
Neutral
Jul 7, 2026
Kore Potash reported a modest June decline in CHESS Depositary Interests quoted on the ASX, with CDI numbers falling from 576,326,424 to 573,529,590 over the month as a result of net transfers to ordinary shares on its AIM and JSE listings. The co...
Business Operations and StrategyShareholder Meetings
Kore Potash Secures Full Shareholder Backing at 2026 AGM
Positive
Jun 30, 2026
Kore Potash Plc reported that all resolutions proposed at its Annual General Meeting on 30 June 2026 were passed by the requisite majority on a poll, covering acceptance of the 2025 annual report, approval of the remuneration report and the reappo...
Business Operations and StrategyM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
Kore Potash Confirms Two Bidders Still Active in Formal Sale Process
Neutral
Jun 30, 2026
Kore Potash updated shareholders at its annual general meeting on the formal sale process it launched in November 2025, confirming that two parties are currently evaluating a possible acquisition of the company’s entire issued and to-be-issu...
Business Operations and StrategyShareholder Meetings
Kore Potash Enables Remote Listen-In Access to 2026 AGM
Positive
Jun 26, 2026
Kore Potash announced that shareholders will be able to access its upcoming Annual General Meeting remotely via a dial-in facility, supplementing the in-person venue in London on 30 June 2026. While shareholders may attend physically, no directors...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.