B2Gold Corp. (TSX:BTO)

B2Gold Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	293.59	380.42	336.97	306.9	651.95	673
Short-Term Investments	3.48	4.87	11.57	-	-	-
Cash & Short-Term Investments	297.07	385.29	348.54	306.9	651.95	673
Cash Growth	-20.92%	10.55%	13.57%	-52.93%	-3.13%	40.30%
Other Receivables	69.3	80.33	54.54	37.69	29.32	63.8
Receivables	69.3	80.33	54.54	37.69	29.32	63.8
Inventory	713.57	627.23	477.59	346.5	332.03	272.35
Prepaid Expenses	19.54	26.73	9.16	8.64	4.06	4.15
Other Current Assets	42.12	10.1	11.97	11.01	17.81	32.81
Total Current Assets	1,142	1,130	901.79	710.73	1,035	1,046
Property, Plant & Equipment	4,084	3,760	3,291	3,563	2,275	2,232
Long-Term Investments	384.64	384.25	168.13	220.1	151.91	136.35
Long-Term Deferred Tax Assets	-	76.44	-	16.93	-	1.46
Long-Term Deferred Charges	-	-	-	-	6.71	8.96
Other Long-Term Assets	609.95	528.62	452.64	357.61	207.61	136.58
Total Assets	6,220	5,879	4,814	4,875	3,681	3,561

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	177.96	174.8	156.35	167.12	114.79	111.72
Current Portion of Long-Term Debt	9.68	13.8	16.42	16.26	15.52	25.41
Current Portion of Leases	20.89	20.07	-	-	-	-
Current Income Taxes Payable	306.63	267.07	103.56	120.68	95.62	92.28
Current Unearned Revenue	-	285.46	272.78	-	-	-
Other Current Liabilities	129.02	300.05	31.58	9.42	7.68	1.79
Total Current Liabilities	644.17	1,061	580.69	313.47	233.62	231.19
Long-Term Debt	486.91	532.3	421.46	147.03	41.71	20.87
Long-Term Leases	28.72	32.14	-	28.84	-	28.86
Long-Term Unearned Revenue	-	-	265.33	-	-	-
Pension & Post-Retirement Benefits	25.42	25.1	18.41	19.17	8.12	7.12
Long-Term Deferred Tax Liabilities	251.07	151.34	169.74	188.11	182.52	187.89
Other Long-Term Liabilities	377.84	435.66	322.67	268.03	103.48	124.37
Total Liabilities	1,814	2,238	1,778	964.64	569.44	600.29

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	3,571	3,607	3,510	3,455	2,488	2,422
Additional Paid-In Capital	142.8	151.22	91.18	84.97	78.23	67.03
Retained Earnings	629.23	-220.61	-515.62	395.85	588.14	507.38
Comprehensive Income & Other	26.3	55.96	-102.77	-125.26	-145.87	-136.3
Total Common Equity	4,369	3,594	2,983	3,810	3,008	2,860
Minority Interest	36.47	47.95	52.63	99.6	103.66	100.71
Shareholders' Equity	4,406	3,642	3,036	3,910	3,112	2,961
Total Liabilities & Equity	6,220	5,879	4,814	4,875	3,681	3,561

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	546.2	598.31	437.88	192.13	57.23	75.13
Net Cash (Debt)	-249.14	-213.02	-89.35	114.77	594.72	597.87
Net Cash Growth	-	-	-	-80.70%	-0.53%	61.73%
Net Cash Per Share	-0.17	-0.14	-0.07	0.09	0.56	0.56
Filing Date Shares Outstanding	1,317	1,337	1,318	1,303	1,075	1,056
Total Common Shares Outstanding	1,317	1,341	1,318	1,302	1,075	1,056
Working Capital	497.43	68.42	321.1	397.26	801.56	814.93
Book Value Per Share	3.32	2.68	2.26	2.93	2.80	2.71
Tangible Book Value	4,369	3,594	2,983	3,810	3,008	2,860
Tangible Book Value Per Share	3.32	2.68	2.26	2.93	2.80	2.71

Data Source: S&P Global Market Intelligence Last updated: Nov 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 10, 2026

Data Sources Report a data error