UK's Capital Ltd 2025 net profit jumps 318% on investment gains

Capital

19/03/2026 07:10

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    Overview
  
    * UK mining services firm's 2025 revenue fell 0.6% while adjusted EBITDA rose 1.1%
    * Net profit after tax jumped 318%, driven by investment gains
    * Operational EPS declined 11.6% as core business performance softened

    
    Outlook
  
    * Capital Ltd sees FY 2026 revenue at $410-440 mln, up 23% at midpoint
    * Company expects FY 2026 capex of $55-65 mln
    * MSALABS segment expected to deliver FY 2026 revenue of $85-95 mln

    
    Result Drivers
  
    * INVESTMENT GAINS - Substantial gains from the investment portfolio drove headline profit growth
    * LABORATORY GROWTH - Record annual performance at MSALABS contributed positively to group profitability
    * DRILLING CONTRACTS - New and expanded drilling contracts supported core business activity, though average revenue per rig declined

    
Company press release:  ID:nRSS2960Xa 
    
    Key Details
  
                               
                               
 Metric    Beat/Mis  Actual    Consensu
           s                   s
                               Estimate
                               
                               
 FY Net              $71 mln    
 Income                        
 FY Capex            $47.10     
                     mln       
 FY EBIT             $46.60     
                     mln       
    
    Analyst Coverage
  
    * The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
    * The average consensus recommendation for the mining support services & equipment peer group is "buy."
    * Wall Street's median 12-month price target for Capital Ltd is GBp180.00, about 29.5% above its March 18 closing price of GBp139.00
    * The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)