Central Asia Metals AIM:CAML
- Founded
- 2005 · London, England
- Incorporated
- United Kingdom
- Chief executive
- Gavin Ferrar
- Employees
- 1,166
- Reports in
- USD
- Companies House
- 05559627
Base metals producer operating the low-cost Kounrad copper dump-leach operation in Kazakhstan and the Sasa zinc-lead mine in North Macedonia. Known for strong free cash flow and one of the sector's more generous dividend policies; pursuing growth through exploration and potential acquisitions.
Read straight from the annual reports
153c at close on 2 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | later 102.1 | vs 194.4 | later 203.5 | |||||||||
| Gross profit | later 70.7 | later 104.0 | ||||||||||
| Operating profit | vs 33.6 | later 69.5 | later 81.1 | |||||||||
| Exceptional items | — | — | — | — | — | — | — | — | ||||
| Net finance cost | ||||||||||||
| Profit before tax | vs 33.6 | later 49.8 | later 64.9 | later 77.2 | ||||||||
| Tax charge | later 13.4 | |||||||||||
| Profit for the year | later 36.3 | later 37.1 | later 51.4 | |||||||||
| EBITDA | ||||||||||||
| Basic EPS | ||||||||||||
| Diluted EPS | ||||||||||||
| Adjusted EPS | — | — | — | — | — | — | — | |||||
| Dividend per share |
USD millions, negatives in brackets. Per-share lines in cents, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Kounrad copper cathode price and volume
Kounrad revenue $129.7m (2024: $121.8m); copper price received $10,121/t, up 10%; 13,311t produced
page 22Sasa zinc and lead concentrate price/volume, less treatment charges
Sasa revenue $100.1m (2024: $92.7m); zinc price $2,862/t (+3%), lead price $1,977/t (-2%); TCs fell benefiting revenue
page 22Weakening of Kazakh tenge and Macedonian denar against USD
Local-currency cost base benefited from currency weakness, partially offsetting inflation
page 24US dollar cost inflation and payroll increases
Inflation averaged 12.3% in Kazakhstan and 4.1% in North Macedonia during 2025; national wage-linked pay rises increased costs
page 23$118m charge: Impairment of Sasa non-current mining assets (mineral rights and PP&E)
page 902026 Kounrad copper cathode guidance of 12,000-13,000 tonnes; Sasa guidance of 18,000-20,000 tonnes zinc-in-concentrate and 26,000-28,000 tonnes lead-in-concentrate
page 16Share buyback programme completed 4 March 2026: post year-end purchase and cancellation of a further 1,681,181 Ordinary Shares for $4.732m, bringing the $10m Buyback Programme (announced 10 Sept 2025) to completion; 177,904,281 shares in issue as at 18 March 2026
page 81Policy to return 30%-50% of free cash flow as dividends. 2025 total of 12p per share proposed (4.5p interim paid + 7.5p final conditionally proposed), equating to ~50% of FCF; final dividend conditional on a capital reduction (cancellation of share premium account) being approved by shareholders and the court
page 24Unqualified ('true and fair') audit opinion issued by BDO LLP (18 March 2026); Directors adopted the going concern basis, having reviewed forecasts to December 2027 with substantial headroom under reasonably possible scenarios; two Key Audit Matters identified - carrying value of Sasa mining assets, and recoverability of the parent company's intercompany loan to CAML MK
page 84- Production and operational performance (Kounrad leaching/SX-EW reliability; Sasa mining/processing variability)p.32
- Tailings storage facility (TSF) management - structural integrity, capacity, regulatory compliancep.32
- Fire at operational sites (SX-EW facility flammable solutions; processing plant explosives)p.32
- Environmental management (groundwater contamination, waste/tailings management)p.33
Read from C000268-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 1 Apr 2027