B2Gold Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Equivalents	479.39	380.42	336.97	306.9	651.95	673
Short-Term Investments	2.67	4.87	11.57	-	-	-
Cash & Short-Term Investments	482.06	385.29	348.54	306.9	651.95	673
Cash Growth	38.62%	10.55%	13.57%	-52.93%	-3.13%	40.30%
Other Receivables	60.22	80.33	54.54	37.69	29.32	63.8
Receivables	60.22	80.33	54.54	37.69	29.32	63.8
Inventory	663.37	627.23	477.59	346.5	332.03	272.35
Prepaid Expenses	25.4	26.73	9.16	8.64	4.06	4.15
Other Current Assets	77.72	10.1	11.97	11.01	17.81	32.81
Total Current Assets	1,309	1,130	901.79	710.73	1,035	1,046
Property, Plant & Equipment	3,746	3,760	3,291	3,563	2,275	2,232
Long-Term Investments	355.08	384.25	168.13	220.1	151.91	136.35
Long-Term Deferred Tax Assets	46.72	76.44	-	16.93	-	1.46
Long-Term Deferred Charges	-	-	-	-	6.71	8.96
Other Long-Term Assets	508.25	528.62	452.64	357.61	207.61	136.58
Total Assets	5,965	5,879	4,814	4,875	3,681	3,561
Accounts Payable	184.38	174.8	156.35	167.12	114.79	111.72
Current Portion of Long-Term Debt	10.11	13.8	16.42	16.26	15.52	25.41
Current Portion of Leases	18.64	20.07	-	-	-	-
Current Income Taxes Payable	429.19	267.07	103.56	120.68	95.62	92.28
Current Unearned Revenue	144.28	285.46	272.78	-	-	-
Other Current Liabilities	311.66	300.05	31.58	9.42	7.68	1.79
Total Current Liabilities	1,098	1,061	580.69	313.47	233.62	231.19
Long-Term Debt	460.24	532.3	421.46	147.03	41.71	20.87
Long-Term Leases	30.9	32.14	-	28.84	-	28.86
Long-Term Unearned Revenue	-	-	265.33	-	-	-
Pension & Post-Retirement Benefits	24.71	25.1	18.41	19.17	8.12	7.12
Long-Term Deferred Tax Liabilities	195.53	151.34	169.74	188.11	182.52	187.89
Other Long-Term Liabilities	441.54	435.66	322.67	268.03	103.48	124.37
Total Liabilities	2,251	2,238	1,778	964.64	569.44	600.29
Common Stock	3,603	3,607	3,510	3,455	2,488	2,422
Additional Paid-In Capital	146.95	151.22	91.18	84.97	78.23	67.03
Retained Earnings	-83.94	-220.61	-515.62	395.85	588.14	507.38
Comprehensive Income & Other	4.74	55.96	-102.77	-125.26	-145.87	-136.3
Total Common Equity	3,671	3,594	2,983	3,810	3,008	2,860
Minority Interest	42.55	47.95	52.63	99.6	103.66	100.71
Shareholders' Equity	3,713	3,642	3,036	3,910	3,112	2,961
Total Liabilities & Equity	5,965	5,879	4,814	4,875	3,681	3,561
Total Debt	519.89	598.31	437.88	192.13	57.23	75.13
Net Cash (Debt)	-37.83	-213.02	-89.35	114.77	594.72	597.87
Net Cash Growth	-	-	-	-80.70%	-0.53%	61.73%
Net Cash Per Share	-0.03	-0.14	-0.07	0.09	0.56	0.56
Filing Date Shares Outstanding	1,332	1,337	1,318	1,303	1,075	1,056
Total Common Shares Outstanding	1,334	1,341	1,318	1,302	1,075	1,056
Working Capital	210.52	68.42	321.1	397.26	801.56	814.93
Book Value Per Share	2.75	2.68	2.26	2.93	2.80	2.71
Tangible Book Value	3,671	3,594	2,983	3,810	3,008	2,860
Tangible Book Value Per Share	2.75	2.68	2.26	2.93	2.80	2.71

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