Lundin Mining Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,053	3,270	2,743	3,041	3,329
Revenue Growth (YoY)	23.95%	19.20%	-9.79%	-8.64%	63.05%
Cost of Revenue	2,036	1,760	1,644	1,724	1,436
Gross Profit	2,017	1,510	1,099	1,317	1,892
Selling, General & Admin	64.7	59.6	72.87	54.18	52.97
Other Operating Expenses	15.5	18.7	19.74	14.34	9.11
Operating Expenses	741.8	715.4	628.34	767.33	629.01
Operating Income	1,275	794.6	471.07	550	1,263
Interest Expense	-83.5	-128.5	-79.21	-48.25	-35.39
Interest & Investment Income	14.6	16.1	10.88	4.21	0.61
Earnings From Equity Investments	-	-	-	-	24.9
Currency Exchange Gain (Loss)	-12.1	61.1	103.05	146.72	-8.92
Other Non Operating Income (Expenses)	-43.4	-66.6	-22.13	-78.83	-16.15
EBT Excluding Unusual Items	1,151	676.7	483.65	573.85	1,229
Impairment of Goodwill	-	-101.4	-	-	-
Gain (Loss) on Sale of Investments	14.9	7.4	1.85	5.48	7.09
Gain (Loss) on Sale of Assets	-17.9	-8.3	5.72	18.83	-6.63
Asset Writedown	-	-48	-	-	-
Pretax Income	1,148	526.4	491.22	598.16	1,245
Income Tax Expense	-270	258.8	214.37	134.63	365.69
Earnings From Continuing Operations	1,418	267.6	276.85	463.53	879.3
Earnings From Discontinued Operations	235.8	-328.9	38.4	-	-
Net Income to Company	1,654	-61.3	315.25	463.53	879.3
Minority Interest in Earnings	-370.5	-142.2	-73.69	-36.68	-98.95
Net Income	1,283	-203.5	241.56	426.85	780.35
Net Income to Common	1,283	-203.5	241.56	426.85	780.35
Net Income Growth	-	-	-43.41%	-45.30%	362.30%
Shares Outstanding (Basic)	856	775	773	763	737
Shares Outstanding (Diluted)	859	778	773	764	739
Shares Change (YoY)	10.44%	0.55%	1.27%	3.29%	0.54%
EPS (Basic)	1.50	-0.26	0.31	0.56	1.06
EPS (Diluted)	1.49	-0.26	0.31	0.56	1.06
EPS Growth	-	-	-44.68%	-47.15%	360.60%
Free Cash Flow	658	732.8	159.47	33.99	952.86
Free Cash Flow Per Share	0.77	0.94	0.21	0.04	1.29
Dividend Per Share	0.126	0.250	0.273	0.266	0.237
Dividend Growth	-49.72%	-8.21%	2.48%	12.20%	88.79%
Gross Margin	49.76%	46.18%	40.07%	43.32%	56.85%
Operating Margin	31.46%	24.30%	17.17%	18.09%	37.96%
Profit Margin	31.65%	-6.22%	8.80%	14.04%	23.44%
Free Cash Flow Margin	16.23%	22.41%	5.81%	1.12%	28.63%
EBITDA	1,639	1,115	823.01	974.8	1,644
EBITDA Margin	40.42%	34.09%	30.00%	32.05%	49.39%
D&A For EBITDA	363.4	320.2	351.95	424.81	380.66
EBIT	1,275	794.6	471.07	550	1,263
EBIT Margin	31.46%	24.30%	17.17%	18.09%	37.96%
Effective Tax Rate	-	49.16%	43.64%	22.51%	29.37%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.