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	13,420	11,433	9,896	10,048	10,934
Revenue Growth (YoY)	17.38%	15.54%	-1.51%	-8.11%	36.94%
Cost of Revenue	5,359	4,841	4,688	4,649	3,894
Gross Profit	8,061	6,592	5,208	5,399	7,040
Selling, General & Admin	137.8	130.5	127.2	125	125.2
Depreciation & Amortization Expenses	868.4	845.9	833.6	796.3	806
Exploration Expenses	52.8	60.9	55	41.7	43.4
Total Operating Expenses	1,059	1,037	1,016	963	974.6
Operating Income	7,002	5,555	4,192	4,436	6,065
Interest Income	247.1	173.8	136.2	82	38
Interest Expense	-416.7	-376.5	-376.3	-387.1	-387.9
Other Non-Operating Income (Expense)	-47.7	5.5	3.6	117.1	-18.4
Total Non-Operating Income (Expense)	-217.3	-197.2	-236.5	-188	-368.3
Pretax Income	6,784	5,357	3,956	4,248	5,697
Provision for Income Taxes	2,470	1,975	1,519	1,596	2,299
Net Income	4,335	3,377	2,425	2,639	3,397
Minority Interest in Earnings	13.3	11.8	9.5	9.5	14.1
Net Income to Common	4,335	3,377	2,425	2,639	3,397
Net Income Growth	28.37%	39.24%	-8.08%	-22.33%	116.32%
Shares Outstanding (Basic)	827	803	795	810	859
Shares Outstanding (Diluted)	827	803	795	810	859
Shares Change (YoY)	2.95%	0.96%	-1.82%	-5.71%	-
EPS (Basic)	5.24	4.21	3.05	3.25	3.95
EPS (Diluted)	5.24	4.21	3.05	3.25	3.95
EPS Growth	24.47%	38.03%	-6.28%	-17.62%	116.26%
Free Cash Flow	3,427	3,394	2,565	1,854	3,400
Free Cash Flow Growth	0.95%	32.36%	38.32%	-45.47%	55.16%
Free Cash Flow Per Share	4.15	4.23	3.22	2.29	3.96
Dividends 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	60.07%	57.66%	52.63%	53.73%	64.38%
Operating Margin	52.17%	48.58%	42.36%	44.15%	55.47%
Profit Margin	32.40%	29.64%	24.60%	26.35%	31.20%
FCF Margin	25.54%	29.69%	25.92%	18.45%	31.10%
EBITDA	7,870	6,401	5,026	5,232	6,871
EBITDA Margin	58.64%	55.98%	50.79%	52.07%	62.84%
EBIT	7,002	5,555	4,192	4,436	6,065
EBIT Margin	52.17%	48.58%	42.36%	44.15%	55.47%
Effective Tax Rate	36.41%	36.87%	38.40%	37.57%	40.36%

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