Highlights

  • Anglo Asian Mining PLC delivered a 207.5% revenue increase in H1 FY25 to USD 40.90 million.
  • Profit after tax turned positive at USD 4.65 million, reversing the previous year’s USD 4.08 million loss.
  • Gross margin rose to 33.8% and net margin reached 11.4% in H1, reflecting favourable overall profitability.
  • Key operational milestones included commissioning of the Gilar and Demirli mines and Gedabek plant upgrades.
  • The company enters FY26 supported by increased copper production, and ongoing development at Xarxar and Garadag deposits.

Anglo Asian Mining PLC (LSE:AAZ), listed on the FTSE AIM 100 Index, is a UK-based mining company that functions primarily as a holding entity, providing management and support services to its operating subsidiary, R.V. Investment Group Services LLC (RVIG). Through its subsidiaries, the company focuses on the exploration and development of gold and copper assets in the Republic of Azerbaijan, where it runs its flagship Gedabek gold and copper mine.

Financial Performance

In H1 FY25, the company delivered a notablefinancial turnaround compared to the previous year. Revenue surged to USD 40.90 million in H1 FY25, up 207.5% from USD 13.30 million in H1 FY24. This increase was driven primarily by higher sales volumes of gold and copper, supported by favorable commodity prices.

Operating profit also improved significantly, reaching USD 8.70 million in H1 FY25, compared with a loss of USD 4.70 million in H1 FY24. The growth in operating profit was largely due to the increase in production and revenues, which more than offset rising operating costs.

Profit after taxation turned positive at USD 4.65 million in H1 FY25, up from a loss of USD 4.08 million in H1 FY24. This improvement reflects the company’s return to full operational capacity, benefiting from both higher metal prices and contributions from new mine production.

Key margin metrics further underscore this recovery. The gross margin increased to 33.80% in H1 FY25 from a negative 12.30% in H1 FY24, supported by strong copper sales. Similarly, the net margin rose to 11.40% in H1 FY25, a substantial improvement over the -30.60% recorded in H1 FY24, highlighting stronger overall profitability.

Recent Updates

On 15 January 2026, the company reported a transformational 2025, emerging as a multi-asset producer with favourable copper performance. Key milestones included the commissioning of the Gilar and Demirli mines, along with progress on Gedabek flotation plant upgrades, reinforcing operational growth and the company’s expanding asset base.

Company Outlook

Anglo Asian Mining PLC enters FY26 with strengthened momentum, supported by a solid net cash position, increased copper production, and favorable metal prices. Strategic upgrades in processing and ongoing development at the Xarxar and Garadag deposits position the company for continued growth across multiple assets.

Top 10 Shareholders

The top 10 shareholders collectively own about ~50.79% of the company's total shares. Vaziri (Mohammad Reza) and Sununu (Michael Charles) hold a maximum stake in the company at ~28.68% and ~8.02%, respectively.

Stock Information

AAZ has declined by ~8.06% over the last  week while gaining approximately ~46.15% over the last three months. The stock has a 52-week high and 52-week low of GBX 330.00 and GBX 93.00, respectively, and is currently trading above the average of 52-week high-low level.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 17 February 2026. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.