B2Gold Corp. (BTG)

B2Gold Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	3,688	3,061	1,902	1,934	1,733	1,762
Revenue Growth (YoY)	86.94%	60.95%	-1.67%	11.64%	-1.68%	-1.49%
Cost of Revenue	1,785	1,530	1,196	1,154	1,128	993.71
Gross Profit	1,903	1,531	706.2	780	604.24	768.55
Selling, General & Admin	99.63	92.04	84.16	83.29	79.32	72.76
Other Operating Expenses	28.6	55.73	872.99	392.3	32.71	2.67
Total Operating Expenses	128.22	147.77	957.15	475.59	112.03	75.43
Operating Income	1,741	1,382	-248.33	327.4	502.4	713.59
Interest Income	15.76	11.69	23.36	38.39	22.15	20.53
Interest Expense	-50.38	-37.7	-34.85	-13.93	-10.84	-11.8
Other Non-Operating Income (Expense)	-260.52	-380.21	-46.78	-8.54	27.1	24.37
Total Non-Operating Income (Expense)	-295.14	-406.22	-58.27	15.92	38.4	33.1
Pretax Income	1,346	976.8	-309.22	320.33	530.62	726.23
Provision for Income Taxes	776.32	550.1	317.43	278.75	243.89	265.4
Net Income	544.26	401.91	-629.89	10.1	252.87	420.07
Minority Interest in Earnings	25.43	24.79	3.24	31.49	33.85	40.76
Net Income to Common	544.26	401.91	-629.89	10.1	252.87	420.07
Net Income Growth	-	-	-	-96.01%	-39.80%	-33.12%
Shares Outstanding (Basic)	1,331	1,325	1,309	1,232	1,064	1,054
Shares Outstanding (Diluted)	1,490	1,481	1,309	1,237	1,071	1,062
Shares Change (YoY)	10.32%	13.14%	5.77%	15.54%	0.89%	0.50%
EPS (Basic)	0.41	0.30	-0.48	0.01	0.24	0.40
EPS (Diluted)	0.36	0.28	-0.48	0.01	0.24	0.40
EPS Growth	-	-	-	-95.83%	-40.00%	-32.20%
Shares Outstanding	1,334	1,341	1,318	1,302	1,075	1,056
Free Cash Flow	401.73	-17.67	-93.42	-96.39	253.73	421.79
Free Cash Flow Growth	-	-	-	-	-39.85%	-29.47%
Free Cash Flow Per Share	0.27	-0.01	-0.07	-0.08	0.24	0.40
Dividends Per Share	0.080	0.080	0.160	0.160	0.160	0.160
Dividend Growth	-	-50.00%	-	-	-	45.45%
Gross Margin	51.60%	50.01%	37.13%	40.33%	34.88%	43.61%
Operating Margin	47.21%	45.15%	-13.06%	16.93%	29.00%	40.49%
Profit Margin	15.45%	13.94%	-32.95%	2.15%	16.55%	26.15%
FCF Margin	10.89%	-0.58%	-4.91%	-4.98%	14.64%	23.93%
EBITDA	1,902	1,382	-248.33	327.4	502.4	713.59
EBITDA Margin	51.59%	45.15%	-13.06%	16.93%	29.00%	40.49%
EBIT	1,741	1,382	-248.33	327.4	502.4	713.59
EBIT Margin	47.21%	45.15%	-13.06%	16.93%	29.00%	40.49%
Effective Tax Rate	57.68%	56.32%	-102.65%	87.02%	45.96%	36.55%

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q