)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Kenmare Resources
Kenmare Resources (KMR) investor relations material
Kenmare Resources Status update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Status update summary21 Jan, 2026
Strategic focus and market environment
Emphasis shifted from production targets to maximizing shipments, sales, and cash generation in response to weaker pricing and high inventories.
Market for titanium minerals and zircon remained stable in demand but faced oversupply, especially from increased Chinese production, impacting prices.
2026 strategy prioritizes value over volume, targeting shipment volumes above 1.1 million tonnes, a 15% increase YoY, with production flexed to meet demand.
Strong Q1 2026 order book, with new sales contracts and continued demand for high-quality ilmenite and zircon products.
Company is a major contributor to Mozambique's GDP and a significant global supplier, focusing on long-term sustainability and stakeholder engagement.
Operational and capital updates
2025 production was down 15% due to the WCP A upgrade, with ilmenite down 17% and HMC at 1,233,300 tonnes; concentrates rose 124% due to new product ZrTi.
Shipments in 2025 fell 13% to 947,900 tonnes, affected by weather and vessel downtime; 2026 targets >1.1Mt, a 15% increase.
WCP A upgrade project cost $341 million, over 80% spent by year-end, with construction complete and commissioning ongoing.
WCP A will mine in the Nataka zone for over 20 years, securing long-term production.
Full capacity for WCP A targeted in Q1 2026, with remedial measures addressing commissioning bottlenecks.
Financial and cost management
2025 ended with $48.6 million in cash and net debt at $158.8 million, elevated due to capital spend.
An impairment charge up to $300 million will be recognized in 2025, reflecting lower asset values and pricing assumptions.
Inventory write-down of about $15 million anticipated due to net realizable value below production cost.
Total cash operating costs for 2026 are guided at $215–225 million, with per-tonne costs of $240–250.
Development CapEx to drop significantly in 2026, with $30 million for WCP A and $30 million for sustaining capital.
Impact of inventory drawdown on 2026 cashflow?
What are the risks to WCP A Q1 2026 capacity target?
What is the company's contingency for IA delay?
WCP A debottlenecking progress in Q1?
IA renewal: What are the new royalty terms?
2026 inventory drawdown: cash flow impact?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Kenmare Resources earnings date
H2 202525 Mar, 2026
Kenmare Resources
Next Kenmare Resources earnings date
H2 202525 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Kenmare Resources plc is a mineral sand products company. The Company produces and sells mineral sand products in China, Europe, the United States and internationally. It operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique. The company was incorporated in 1972 and is headquartered in Dublin, Ireland.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage