B2Gold Corp. (BTG)
NYSEAMERICAN: BTG · Real-Time Price · USD
5.03
+0.94 (22.98%)
At close: Aug 7, 2026, 4:00 PM EDT
4.990
-0.040 (-0.80%)
After-hours: Aug 7, 2026, 8:00 PM EDT

B2Gold Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
3,7853,0611,9021,9341,7331,762
Revenue Growth
74.23%60.95%-1.67%11.64%-1.68%-1.49%
Gross Profit
1,8601,531706.2780604.24768.55
Operating Income
1,9331,382-248.33327.4502.4713.59
Net Income
807.17401.91-629.8910.1252.87420.07
Earnings Per Share
0.550.28-0.480.010.240.40
EPS Growth
----95.83%-40.00%-32.20%

Revenue by Segment

Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
Masbate Mine
687.25464.14372.9384.71398.88
Fekola Mine
1,744951.681,1441,0671,024
Goose Project
165.65----
Otjikoto Mine
685.07486.21417.59280.39338.96
Corporate & Other
-220.43----
Total
3,0611,9021,9341,7331,762

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
286.58380.42336.97306.9651.95673
Total Debt
456.09598.31437.88192.1357.2375.13
Net Cash (Debt)
-169.51-217.89-100.91114.77594.72597.87
Net Cash Growth
----80.70%-0.53%61.73%
Net Cash Per Share
-0.11-0.15-0.080.090.560.56

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
922.69895.84877.6714.45595.8724.11
Capital Expenditures
-793.8-913.51-971.02-810.85-342.07-302.32
Free Cash Flow
128.89-17.67-93.42-96.39253.73421.79
Free Cash Flow Growth
-----39.85%-29.47%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
49.13%50.01%37.13%40.33%34.88%43.61%
Operating Margin
51.07%45.15%-13.06%16.93%29.00%40.49%
Pretax Margin
44.56%31.91%-16.26%16.56%30.63%41.21%
Profit Margin
21.89%13.94%-32.95%2.15%16.55%26.15%
FCF Margin
3.41%-0.58%-4.91%-4.98%14.64%23.93%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.0800.0800.1600.1600.1600.160
Dividend Per Share Growth
-33.33%-50.00%0%0%0%45.45%
Dividend Yield
1.59%1.73%5.78%4.80%4.49%4.07%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
8.3316.11-316.0014.889.82
P/FCF Ratio
39.71---15.129.84
PS Ratio
1.781.981.692.132.212.36