Central Asia Metals H1 revenue rises 46% on higher metals prices

Central Asia Metals

26/08/2026 07:11

Overview
UK base metals miner's H1 revenue rose 46% yr/yr on higher copper and zinc prices
EBITDA for H1 climbed 89% yr/yr, with margin improving to 52%
Company completed $10 mln share buyback and agreed to acquire Cygnus Metals

Outlook
Central Asia Metals sees FY2026 copper production of 12,000 to 13,000 tonnes
Company expects FY2026 zinc-in-concentrate output of 18,000 to 20,000 tonnes
Company expects FY2026 lead-in-concentrate output of 26,000 to 28,000 tonnes

Result Drivers
METALS PRICES - Higher copper and zinc prices, with copper up 39% and zinc up 26% yr/yr, drove revenue growth
PRODUCTION INCREASES - Higher sales volumes from both Kounrad and Sasa, with Sasa zinc and lead output up 5% and 6% respectively, contributed to results
COST CONTROL - Cost control measures at Sasa, including headcount reduction and contract renegotiation, helped reduce operating costs

Company press release: ID:nRSZ1352Sa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$145.50 mln
 
H1 Adjusted Free Cash Flow
 
$46.80 mln
 
H1 EBITDA
 
$75.50 mln
 
H1 EBITDA Margin
 
52.00%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty mining & metals peer group is "buy"
Wall Street's median 12-month price target for Central Asia Metals PLC is GBp180.00, about 7.4% above its August 25 closing price of GBp167.60
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

Reuters Recommended Reads
Aug 25 - CME announces first trade of US Zinc futures
Aug 23 - MMG confirms restart of operations at Las Bambas copper mine in Peru
Aug 23 - China's Zijin Mining half-year profit jumps 

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)