TMC the metals company Inc (TMC) reported disappointing financial results for the third quarter of fiscal 2025. The company's earnings per share (EPS) were $-0.14, falling short of Wall Street's consensus estimate of $-0.06 by $0.08. Revenue remained at $0.0B, matching expectations but indicating a lack of growth.
The results highlight ongoing challenges for TMC, a deep-sea minerals exploration company focused on the collection and processing of polymetallic nodules in the Clarion Clipperton Zone of the Pacific Ocean. The firm, headquartered in Vancouver, British Columbia, currently employs 47 full-time staff and has a market capitalization of $2.3 billion.
TMC will host an earnings conference call to discuss these results further and provide insights into its operational performance and future outlook. Investors are encouraged to review the full earnings release and management commentary for complete context on the quarter's performance.
Looking ahead, TMC is set to report its next earnings on November 9, 2026, with analysts estimating an EPS of $-0.06 and revenue of $0.0B. The company's EPS for the trailing twelve months stands at $-0.37, reflecting the current state of its financial health.
Such results may reflect broader market conditions and challenges within the metals and mining industry, particularly as TMC focuses on the extraction of valuable metals used in electric vehicle and energy storage applications.