B2Gold 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	3,061	1,902	1,934	1,733	1,762
Revenue Growth (YoY)	60.95%	-1.67%	11.64%	-1.68%	-1.49%
Cost of Revenue	1,530	1,196	1,154	1,128	993.71
Gross Profit	1,531	706.2	780	604.24	768.55
Selling, General & Admin	92.04	84.16	83.29	79.32	72.76
Other Operating Expenses	55.73	872.99	392.3	32.71	2.67
Total Operating Expenses	147.77	957.15	475.59	112.03	75.43
Operating Income	1,382	-248.33	327.4	502.4	713.59
Interest Income	11.69	23.36	38.39	22.15	20.53
Interest Expense	-37.7	-34.85	-13.93	-10.84	-11.8
Other Non-Operating Income (Expense)	-380.21	-46.78	-8.54	27.1	24.37
Total Non-Operating Income (Expense)	-406.22	-58.27	15.92	38.4	33.1
Pretax Income	976.8	-309.22	320.33	530.62	726.23
Provision for Income Taxes	550.1	317.43	278.75	243.89	265.4
Net Income	401.91	-629.89	10.1	252.87	420.07
Minority Interest in Earnings	24.79	3.24	31.49	33.85	40.76
Net Income to Common	401.91	-629.89	10.1	252.87	420.07
Net Income Growth	-	-	-96.01%	-39.80%	-33.12%
Shares Outstanding (Basic)	1,325	1,309	1,232	1,064	1,054
Shares Outstanding (Diluted)	1,481	1,309	1,237	1,071	1,062
Shares Change (YoY)	13.14%	5.77%	15.54%	0.89%	0.50%
EPS (Basic)	0.30	-0.48	0.01	0.24	0.40
EPS (Diluted)	0.28	-0.48	0.01	0.24	0.40
EPS Growth	-	-	-95.83%	-40.00%	-32.20%
Free Cash Flow	-17.67	-93.42	-96.39	253.73	421.79
Free Cash Flow Growth	-	-	-	-39.85%	-29.47%
Free Cash Flow Per Share	-0.01	-0.07	-0.08	0.24	0.40
Dividends Per Share	0.080	0.160	0.160	0.160	0.160
Dividend Growth	-50.00%	-	-	-	45.45%
Gross Margin	50.01%	37.13%	40.33%	34.88%	43.61%
Operating Margin	45.15%	-13.06%	16.93%	29.00%	40.49%
Profit Margin	13.94%	-32.95%	2.15%	16.55%	26.15%
FCF Margin	-0.58%	-4.91%	-4.98%	14.64%	23.93%
EBITDA	1,382	-248.33	327.4	502.4	713.59
EBIT	1,382	-248.33	327.4	502.4	713.59
EBIT Margin	45.15%	-13.06%	16.93%	29.00%	40.49%
Effective Tax Rate	56.32%	-102.65%	87.02%	45.96%	36.55%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.