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Solidcore Resources plc USD

At a glance: strengths & risks
Revenue growing (+13%)Margins improving (46%→65%)Net cash balance sheet

Sector: Non-financial

SOLIDCORE

Excluded from market views: KASE shows no recent active trading (stale quote or very few deals). Financial statements below are unchanged.

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2025-12-31H2 2025 (6M)OK1175.0
y/y 88.3%
y/y
0.0
y/y
820.0
y/y 158.7%
1680.0
y/y 196.0%
31.00.02024.0
y/y -2.2%
2024.0
y/y 33.6%
-2024.0Report (PDF)
2025-06-30H1 2025 (6M)PARTIAL325.0
y/y -53.8%
y/y
y/y
152.0
y/y -47.9%
85.0
y/y -64.3%
y/y
y/y
-143.0Link
2024-12-31H2 2024 (6M)OK624.0
y/y
609.0
y/y -41.8%
-0.1
y/y
317.0
y/y
-1750.0
y/y
-518.0-289.02069.0
y/y -67.1%
1515.0
y/y -32.8%
-693.0Report (PDF)
2024-06-30H1 2024 (6M)PARTIAL704.0
y/y
y/y
0.1
y/y
292.0
y/y
238.0
y/y
517.0-470.0
y/y
y/y
-960.0Report (PDF)
2023-12-31FY 2023 (12M)PARTIAL893.0
y/y
1047.0
y/y
0.0
y/y
1047.0
y/y
272.0
y/y
6280.0
y/y
2253.0
y/y
-772.0Report (PDF)

Net debt structure (leases included, IFRS 16) 2025-12-31

Short-term debt (incl. ST leases)0
Long-term debt (incl. LT leases)0
− Cash & equivalents2 024
Net debt-2 024

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02505007501 0001 2502023 FY2024 H12024 H22025 H12025 H2

Year-over-year change

-100%0%100%200%2023 FY2024 H12024 H22025 H12025 H2

Cash flow

FCF ($ mln)

-1 000-800-600-400-20002023 FY2024 H12024 H22025 H12025 H2

Net debt / cash ($ mln)

-2 500-2 000-1 500-1 000-50002023 FY2024 H12024 FY2025 H12025 FY

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Gold

Proved reserves
12.15 Moz GEO
2025
Reserve life (R/P)
24.8 yrs
reserves ÷ annual output
Annual production
490 koz GEO
2024

Production, koz GEO

48420234902024

Proved reserves

YearReserves, Moz GEO
202512.15

Production

YearProduction, koz GEO
2024490
+1.2%
2023484

Solidcore Resources plc (ex-Polymetal Kazakhstan) FY2024: 490 koz GE produced (484 koz 2023); JORC proved+probable reserves 12.147 Moz GE at 1 Jan 2025 (Kyzyl + Varvara).

Key-commodity price — Gold

Current 4 042spot vs LTM -5%

Commodity-player potential

Potential withheld: no reliable market quote (market cap and multiples unavailable).

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +13% vs +49% the year before — a -35.8 pp move. 3-year CAGR —.
revenue growth by year: 2024 +49% · 2025 +13%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

No dividend rows found for this issuer (checked: KASE news).

Investor reporting (IR): https://www.solidcore-resources.com/en/investors-and-media/reports-and-results/result-centre/

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Solidcore Resources plc — from primary filings.

Solidcore Resources plc is a gold mining company that operates in Kazakhstan, focusing on the extraction and processing of gold ore at its own mines and processing facilities.

Frequently asked questions

What is Solidcore Resources plc's P/E ratio?
Solidcore Resources plc trades at a P/E of 1.9x (price to trailing 12-month earnings).
What is Solidcore Resources plc's EV/EBITDA?
Solidcore Resources plc trades at 1.4x EV/EBITDA.
What is Solidcore Resources plc's P/B ratio?
Solidcore Resources plc trades at a P/B of 1.7x.
What is Solidcore Resources plc's return on equity (ROE)?
Solidcore Resources plc's ROE is 99.7%.
What is Solidcore Resources plc's market capitalization?
Solidcore Resources plc's market cap is 3.3 bn USD.