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	4,053	3,270	2,743	3,041	3,329
Revenue Growth (YoY)	23.95%	19.20%	-9.79%	-8.64%	63.05%
Cost of Revenue	2,036	1,760	1,644	1,724	1,436
Gross Profit	1,398	935.8	601.53	762.57	1,370
Selling, General & Admin	63.9	58.3	66.72	53.88	52.2
Depreciation & Amortization Expenses	618.9	574.2	497.87	554.75	522.76
Exploration Expenses	43.5	42.1	44.01	144.35	44.94
Other Operating Expenses	-	149.4	-	-	-
Total Operating Expenses	726.3	824	608.61	752.98	619.9
Operating Income	671.7	111.8	-7.07	9.59	749.83
Interest Income	14.6	16.1	10.88	4.21	28.01
Interest Expense	-105.1	-153.8	-102.31	-68.4	-44.5
Other Non-Operating Income (Expense)	-52.4	-21.9	91.84	98	-11.11
Total Non-Operating Income (Expense)	-142.9	-159.6	0.42	33.82	-27.6
Pretax Income	1,148	526.4	491.22	598.16	1,245
Provision for Income Taxes	-270	258.8	214.37	134.63	365.69
Net Income	1,283	-203.5	241.56	426.85	780.35
Minority Interest in Earnings	370.5	142.2	73.69	36.68	98.95
Earnings From Discontinued Operations	235.8	-328.9	38.4	-	-
Net Income to Common	1,283	-203.5	241.56	426.85	780.35
Net Income Growth	-	-	-43.41%	-45.30%	362.30%
Shares Outstanding (Basic)	856	775	773	763	737
Shares Outstanding (Diluted)	859	778	773	764	739
Shares Change (YoY)	10.44%	0.55%	1.27%	3.29%	0.54%
EPS (Basic)	1.50	-0.26	0.31	0.56	1.06
EPS (Diluted)	1.49	-0.26	0.31	0.56	1.06
EPS Growth	-	-	-44.64%	-47.17%	360.87%
Shares Outstanding	854.35	774.1	773.67	770.75	734.99
Free Cash Flow	658	732.8	159.47	33.99	952.86
Free Cash Flow Growth	-10.21%	359.51%	369.23%	-96.43%	607.64%
Free Cash Flow Per Share	0.77	0.94	0.21	0.04	1.29
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	34.49%	28.62%	21.93%	25.07%	41.15%
Operating Margin	16.57%	3.42%	-0.26%	0.32%	22.53%
Profit Margin	34.98%	8.18%	10.09%	15.24%	26.42%
FCF Margin	16.23%	22.41%	5.81%	1.12%	28.62%
EBITDA	1,291	686	490.8	564.34	1,273
EBITDA Margin	31.84%	20.98%	17.89%	18.56%	38.23%
EBIT	671.7	111.8	-7.07	9.59	749.83
EBIT Margin	16.57%	3.42%	-0.26%	0.32%	22.53%
Effective Tax Rate	-23.53%	49.16%	43.64%	22.51%	29.37%

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