B2Gold Cash Flow 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
Net Income	401.91	-629.89	10.1	252.87	420.07
Depreciation & Amortization	-	368.04	422.28	398.79	381.39
Loss (Gain) From Sale of Assets	-	-56.12	-	2.8	-22.46
Asset Writedown & Restructuring Costs	-	876.38	334.3	-0.91	5.91
Loss (Gain) From Sale of Investments	-	-7.84	0.94	-	-
Loss (Gain) on Equity Investments	-	-2.63	-19.87	-10.18	-17.54
Stock-Based Compensation	-	24.34	18.17	24.68	22.57
Other Operating Activities	538.55	588.1	75.95	43.82	40.12
Change in Accounts Receivable	-	-0.22	0.15	-3.92	0.57
Change in Inventory	-	-130.34	-24.33	-50.27	-24.04
Change in Accounts Payable	-	-1.24	-21.38	1.19	12.08
Change in Income Taxes	-	-21.18	49.66	0.99	-44.4
Change in Other Net Operating Assets	-44.62	-129.81	-131.51	-64.07	-50.13
Operating Cash Flow	895.84	877.6	714.45	595.8	724.11
Operating Cash Flow Growth	2.08%	22.84%	19.91%	-17.72%	-23.83%
Capital Expenditures	-830.91	-901.26	-824.86	-382.18	-278.43
Sale of Property, Plant & Equipment	-	7.5	-	-	31.68
Cash Acquisitions	-	-	31.38	-23.05	-
Divestitures	-	-	-	45	-
Investment in Securities	-52.66	139.1	-39.66	-15.89	-29.83
Other Investing Activities	-9.17	-8.64	-12.2	-12.67	-9.7
Investing Cash Flow	-892.74	-763.3	-845.34	-388.78	-286.28
Short-Term Debt Issued	-	-	-	-	5.31
Long-Term Debt Issued	663.25	457.78	150	-	-
Total Debt Issued	663.25	457.78	150	-	5.31
Long-Term Debt Repaid	-486.08	-217.57	-19.49	-26.42	-32.69
Net Debt Issued (Repaid)	177.16	240.21	130.51	-26.42	-27.37
Issuance of Common Stock	80	13.2	12.85	14.28	6.44
Repurchase of Common Stock	-9.85	-	-	-	-
Common Dividends Paid	-103.44	-184.63	-186.72	-170.64	-168.37
Other Financing Activities	-85.23	-137.84	-149.15	-28.51	-44.92
Financing Cash Flow	58.65	-69.07	-192.51	-211.29	-234.23
Foreign Exchange Rate Adjustments	-18.29	-15.16	-21.66	-16.78	-10.29
Net Cash Flow	43.45	30.08	-345.05	-21.05	193.31
Free Cash Flow	64.93	-23.66	-110.41	213.62	445.68
Free Cash Flow Growth	-	-	-	-52.07%	-27.83%
Free Cash Flow Margin	2.12%	-1.24%	-5.71%	12.33%	25.29%
Free Cash Flow Per Share	0.04	-0.02	-0.09	0.20	0.42
Cash Interest Paid	-	11.65	4.58	4.46	6.23
Cash Income Tax Paid	-	360	239	239	324
Levered Free Cash Flow	141.33	-59.44	-48.46	363.84	425.44
Unlevered Free Cash Flow	164.89	-37.66	-39.76	370.62	432.82
Change in Working Capital	-44.62	-282.78	-127.42	-116.08	-105.93

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q