The Metals Company (TMC) stock plummeted 6.62% during intraday trading on Friday, following the release of its fourth-quarter and full-year 2025 financial results.
The company reported a Q4 net loss per share of $0.08, which missed the consensus analyst estimate of a $0.06 loss. The quarterly loss widened significantly from $0.04 per share reported in the same period a year earlier. For the full year 2025, the company's net loss more than tripled to $320 million.
The increased losses were primarily driven by higher share-based compensation expenses and increased legal, consulting, and personnel costs. Despite the earnings miss, management noted that its cash position of approximately $117.6 million, along with undrawn credit facilities, provides sufficient liquidity to meet its needs for at least the next twelve months. The company also reported progress on strategic initiatives, including exclusive negotiations for a nodule processing hub in Texas and a partnership with Mariana Minerals.
Comments