TipRanks
Go Ultimate55% OFF

Kore Potash PLC (KP2) AI Stock Analysis

GB:KP2

Kore Potash PLC

(LSE:KP2)

Select Model
Rating:52Neutral
Price Target:GBX 3.50â–¼(-2.78% Downside)
Action:reiterated
Date:08/06/26

The overall score is constrained by very weak current financial performance, with zero revenue, ongoing losses, and negative operating and free cash flow creating elevated fundamental and cash burn risk. This is partially offset by a cleaner balance sheet with debt reduced to zero and stable equity, which supports solvency but not profitability. Technicals are moderately supportive, showing modest positive momentum without signs of overextension, yet they do not indicate a strong trend. Valuation appears high-risk and speculative given the deeply negative P/E and lack of dividend, meaning investors are primarily betting on future project development rather than existing earnings power.

Positive Factors
Improved leverage and equity baseThe absence of reported debt in the latest two years, together with a sizable equity base, reduces immediate solvency pressure and improves financial flexibility. This gives Kore Potash more capacity to pursue project development without the same level of balance-sheet strain seen during earlier highly leveraged years.
Negative Factors
Persistent unprofitabilityPersistent net losses and negative operating profit indicate that Kore Potash has not yet established a profitable operating model. Continued losses can consume equity, restrict internally funded investment, and make future project development more dependent on external capital or other financing sources.

Kore Potash PLC (KP2) vs. iShares MSCI United Kingdom ETF (EWC)

-20%-10%0%10%20%30%GB:KP2+12.50%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 186.33M
Dividend Yield
―
Average Volume (3M)
5.03M
Price to Earnings (P/E)
-481.9
Beta (1Y)
0.04
Revenue Growth
―
EPS Growth
0.00%
Country
UK
Employees
22
Sector
Basic Materials
Sector Strength
61
Industry
Industrial Materials

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 97%...

Kore Potash PLC Financial Statement Overview

Summary

Financial performance is weak overall: revenue has collapsed to zero with persistent net losses and negative gross profit, while operating and free cash flow are deeply negative and volatile, partially offset by a strengthened balance sheet with debt reduced to zero and equity supporting the asset base.

Income Statement

12Very Negative

Balance Sheet

72Positive

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue000148.05M268.45M248.44M
Gross Profit-475-4820148.05M139.29M127.08M
EBITDA-747.47K-1.42M000-1.78M
Net Income-1.29M-1.01M-1.15M-1.09M-1.51M-1.94M
Balance Sheet
Total Assets203.34M210.04M171.22M178.53M168.40M178.49M
Cash, Cash Equivalents and Short-Term Investments7.58M10.56M1.34M1.58M5.05M11.09M
Total Debt000449.58M428.67M402.70M
Total Liabilities304.96K453.81K3.92M3.44M749.50K1.07M
Stockholders Equity203.55M210.15M167.87M175.65M168.21M177.98M
Cash Flow
Free Cash Flow-1.73M-1.82M-3.03M-7.04M13.05M-18.93M
Operating Cash Flow-1.72M-1.75M-622.31K-1.26M16.36M-14.76M
Investing Cash Flow-5.95M-11.77M-2.38M-5.73M-62.55M-13.42M
Financing Cash Flow11.65M22.61M2.81M3.50M550104.05M

Kore Potash PLC Technical Analysis

Technical Analysis SentimentPositive
Last Price3.60

Price Trends

50DMA3.58Positive
100DMA3.35Positive
200DMA3.29Positive

Market Momentum

MACD-0.03Positive
RSI48.72Neutral
STOCH32.30Neutral

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 3.60 is below the 20-day moving average (MA) of 3.67, above the 50-day MA of 3.58, and above the 200-day MA of 3.29, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 48.72 is Neutral, neither overbought nor oversold. The STOCH value of 32.30 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

GB:KP2 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
GB:KP2GB:KP252NeutralGBP 186.33M-481.93-0.62%――0.00%
GB:KMRGB:KMR51NeutralGBP 210.47M-1.06-33.21%―-28.42%-411.33%
GB:ALLGB:ALL50NeutralGBP 131.45M-33.68-14.73%――-2.08%
GB:KODGB:KOD48NeutralGBP 57.04M-28.00-5.37%―――
GB:PREMGB:PREM45NeutralGBP 3.13M-0.02-110.77%――62.50%
GB:SAVGB:SAV42NeutralGBP 146.93M-26.11-9.13%――-5.56%

* Basic Materials Sector Average

Performance Comparison

-50%0%50%100%GB:KP2GB:ALLGB:KODGB:PREMGB:SAVGB:KMRDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:KP2 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:KP2Kore Potash PLC3.600.5016.13%
GB:ALLAtlantic Lithium Ltd.16.407.5084.27%
GB:KODKodal Minerals0.280.027.69%
GB:PREMPremier African Minerals0.01-0.09-88.57%
GB:SAVSavannah Resources4.700.7518.99%
GB:KMRKenmare Resources238.00-18.00-7.03%

Kore Potash PLC Corporate Events

Business Operations and StrategyDelistings and Listing Changes

Kore Potash Reports Minor CDI Transfer-Driven Capital Movements

Neutral
Oct 7, 2026

Kore Potash reported a small decrease in the number of CHESS Depositary Interests over its ordinary shares on the ASX in September 2026, with CDIs slipping from 571,204,150 to 570,889,150. The change reflects net transfers of 315,000 securities betwe...

Business Operations and StrategyFinancial DisclosuresM&A TransactionsRegulatory Filings and Compliance

Kore Potash Advances Sale Process and Engineering Work at Kola Project

Positive
Sep 11, 2026

Kore Potash reported unaudited half-year results to 30 June 2026, highlighting progress on a Formal Sale Process in which two interested parties are conducting due diligence on a potential acquisition of the company’s entire share capital. Duri...

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 lis...

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 seve...

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.

Date of analysis: Aug 06, 2026