B2Gold Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 1, 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
Market Cap	8,972	8,280	4,634	5,453	5,162	5,260
Market Cap Growth	47.33%	78.68%	-15.02%	5.63%	-1.86%	-29.80%
Enterprise Value	9,329	8,599	4,831	5,411	4,475	4,600
Last Close Price	6.71	6.18	3.52	4.19	4.80	4.98
PE Ratio	17.69	16.07	-5.10	316.00	14.75	9.85
Forward PE	6.62	4.53	7.26	12.46	9.05	8.23
PEG Ratio	0.50	1.38	1.38	1.38	1.38	1.38
PS Ratio	2.14	1.97	1.70	2.13	2.20	2.36
PB Ratio	1.80	1.68	1.08	1.08	1.26	1.46
P/TBV Ratio	2.77	2.55	1.54	1.36	1.71	1.85
P/FCF Ratio	100.78	-341.38	-34.57	-42.70	14.99	9.87
P/OCF Ratio	7.30	6.73	3.68	5.76	6.39	5.75
EV/Sales Ratio	2.22	2.05	1.77	2.11	1.90	2.07
EV/EBITDA Ratio	4.31	4.53	-13.56	12.47	6.56	5.10
EV/EBIT Ratio	6.01	4.53	-13.56	12.47	6.56	5.10
EV/FCF Ratio	104.80	-354.50	-36.04	-42.37	13.00	8.63
Debt / Equity Ratio	0.16	0.16	0.14	0.04	0.01	0.02
Debt / EBITDA Ratio	0.43	0.43	-1.76	0.59	0.11	0.11
Debt / FCF Ratio	18.13	-33.86	-4.69	-1.99	0.23	0.18
Net Debt / Equity Ratio	0.06	0.06	0.03	-0.03	-0.20	-0.21
Net Debt / EBITDA Ratio	0.16	0.16	-0.41	-0.35	-1.18	-0.84
Net Debt / FCF Ratio	6.60	-12.33	-1.08	1.19	-2.34	-1.42
Asset Turnover	0.57	0.57	0.39	0.45	0.48	0.51
Inventory Turnover	2.77	2.77	2.90	3.40	3.73	3.89
Quick Ratio	0.41	0.41	0.65	1.07	2.93	3.23
Current Ratio	1.06	1.06	1.55	2.27	4.43	4.52
Return on Equity (ROE)	12.78%	12.78%	-18.04%	1.18%	9.44%	16.39%
Return on Assets (ROA)	11.29%	11.29%	-10.39%	0.99%	7.50%	13.08%
Return on Invested Capital (ROIC)	12.52%	12.52%	-11.54%	1.16%	9.54%	16.26%
Return on Capital Employed (ROCE)	30.54%	30.54%	-5.65%	8.18%	14.82%	22.28%
Earnings Yield	6.14%	6.22%	-19.59%	0.32%	6.78%	10.15%
FCF Yield	0.99%	-0.29%	-2.89%	-2.34%	6.67%	10.13%
Dividend Yield	1.77%	1.73%	5.76%	4.80%	4.53%	4.06%
Payout Ratio	29.11%	25.74%	-29.31%	1849.30%	67.48%	40.08%
Buyback Yield / Dilution	-13.14%	-13.14%	-5.77%	-15.54%	-0.89%	-0.50%
Total Shareholder Return	-11.38%	-11.41%	-0.02%	-10.74%	3.64%	3.56%

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