Kenmare H1 FY26 adjusted EBITDA drops 91% to $4.4 million; revenue falls 11% to $149.1 million

Reuters2026/08/19 06:01

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Kenmare posted a loss after tax of USD 34.1 million, improving from a loss a year earlier; basic loss per share was USD 0.38.
Revenue fell 11% to USD 149.1 million, pressured by weaker titanium feedstock markets despite shipments rising 14% to 555,600 tonnes.
EBITDA dropped 91% to USD 4.4 million; average price received slid 26% to USD 242 per tonne.
Net debt rose to USD 175.8 million; the revolving credit facility was upsized by USD 30 million to USD 230 million.
Guidance for shipments stayed at at least 1.1 million tonnes; ilmenite output view was trimmed to about 800,000 tonnes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kenmare Resources plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608190200OMX_____CNEWS_EN_GNW1001258213_en) on August 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kenmare H1 FY26 adjusted EBITDA drops 91% to $4.4 million; revenue falls 11% to $149.1 million

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