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Side-by-side financial comparison of NaaS Technology Inc. (NAAS) and Namib Minerals (NAMM). Click either name above to swap in a different company.

Namib Minerals is the larger business by last-quarter revenue ($41.9M vs $25.9M, roughly 1.6× NaaS Technology Inc.).

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

Namib Minerals is a Namibia-based natural resources firm focused on exploration, development and extraction of high-demand mineral deposits including uranium, copper and lithium. It operates across licensed southern African sites, supplying raw materials to global clean energy, construction and electronics manufacturing sectors.

NAAS vs NAMM — Head-to-Head

Bigger by revenue
NAMM
NAMM
1.6× larger
NAMM
$41.9M
$25.9M
NAAS

Income Statement — Q2 FY2024 vs Q2 FY2025

Metric
NAAS
NAAS
NAMM
NAMM
Revenue
$25.9M
$41.9M
Net Profit
$-50.0M
Gross Margin
29.2%
45.7%
Operating Margin
-144.2%
29.8%
Net Margin
-193.3%
Revenue YoY
121.2%
Net Profit YoY
18.4%
EPS (diluted)
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NAAS
NAAS
NAMM
NAMM
Cash + ST InvestmentsLiquidity on hand
$24.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-33.4M
Total Assets
$180.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAAS
NAAS
NAMM
NAMM
Q2 25
Q2 24
$24.7M
Stockholders' Equity
NAAS
NAAS
NAMM
NAMM
Q2 25
Q2 24
$-33.4M
Total Assets
NAAS
NAAS
NAMM
NAMM
Q2 25
Q2 24
$180.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NAAS
NAAS
NAMM
NAMM
Operating Cash FlowLast quarter
$-25.7M
$11.4M
Free Cash FlowOCF − Capex
$7.4M
FCF MarginFCF / Revenue
17.6%
Capex IntensityCapex / Revenue
9.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAAS
NAAS
NAMM
NAMM
Q2 25
$11.4M
Q2 24
$-25.7M
Free Cash Flow
NAAS
NAAS
NAMM
NAMM
Q2 25
$7.4M
Q2 24
FCF Margin
NAAS
NAAS
NAMM
NAMM
Q2 25
17.6%
Q2 24
Capex Intensity
NAAS
NAAS
NAMM
NAMM
Q2 25
9.6%
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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