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Financial statements

AngloGold Ashanti PLC financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data AngloGold Ashanti PLC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2023FY2023FY2024FY2025
Revenue4,0294,5014,5825,7939,893
Cost of revenue2,8593,3663,5413,7265,022
Gross profit1,1701,1291,0272,0674,871
Selling, general and administrative737994118138
Interest expense109102113121116
Interest income5881109142124
Pre-tax income949472631,6724,276
Income tax3112212856231,102
Net income to minority interests24181345538
Net income638251-2221,0493,174
EPS, basic1.460.55-0.562.335.19
EPS, diluted1.460.55-0.562.335.18

Balance sheet

FY2021FY2023FY2023FY2024FY2025
Cash and equivalents1,1541,1089641,4252,905
Receivables257237193356426
Inventory7037738291,0551,076
Total current assets2,1402,1452,1743,1344,647
Property, plant and equipment3,5074,2084,4198,5128,515
Lease right-of-use assets175156142123187
Total assets8,0078,0138,25713,23015,078
Accounts payable6006677729571,001
Total current liabilities8278841,2871,5301,620
Lease liabilities1241159865155
Total liabilities3,9063,9384,5174,7175,162
Total debt1,9091,9832,2391,9842,044
Shareholders' equity4,0474,0403,7116,6298,091
Minority interests5435291,8841,825
Total equity4,1014,0753,7408,5139,916
Total liabilities and equity8,0078,0138,25713,23015,078

Cash flow statement

FY2021FY2023FY2023FY2024FY2025
Net income638251-2221,0493,174
Cash from operations1,2681,8049711,9684,784
Cash from investing-940-1,461-897-762-1,180
Debt issued822266343655285
Debt repaid-820-184-87-909-245
Dividends paid-240-203-107-244
Cash from financing-456-323-87-727-2,104
Exchange rate effect-48-68-138-37-15

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $99.03 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin49.2%Gross profit / revenue.
Pre-tax margin43.2%Pre-tax income / revenue.
Net margin32.1%Net income / revenue.
Operating cash flow margin48.4%Cash from operations / revenue.
Effective tax rate25.8%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)43.1%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)22.4%Net income / average total assets.
SG&A / revenue1.4%Selling, general and administrative expense / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y70.8%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y30.0%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y135.7%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y62.8%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y202.6%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y133.0%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y122.3%EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y111.2%Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y143.1%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y38.4%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y22.1%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y26.0%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y14.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y23.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio2.87xCurrent assets / current liabilities.
Quick ratio2.06x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio1.79x(Cash + short-term investments) / current liabilities.
Debt / equity0.25xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets13.6%Total debt / total assets.
Liabilities / assets34.2%Total liabilities / total assets.
Net debt-$861.0MTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital$3.03BCurrent assets - current liabilities.
Tangible book value$8.09BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.70xRevenue / average total assets.
Fixed asset turnover1.16xRevenue / average property, plant and equipment.
Inventory turnover4.71xCost of revenue / average inventory.
Days inventory77 days365 x average inventory / cost of revenue.
Receivables turnover25.3xRevenue / average receivables.
Days sales outstanding14 days365 x average receivables / revenue.
Days payables71 days365 x average accounts payable / cost of revenue.
Cash conversion cycle21 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted$5.18Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic$5.19Net income per basic share, as reported (split-adjusted).

Valuation

MetricValueHow it is calculated
Market cap$50.09BShare price x shares outstanding.
Enterprise value$49.23BMarket cap + total debt - cash - short-term investments.
P/E15.8xMarket cap / net income. Only when net income is positive.
P/S5.06xMarket cap / revenue.
P/B6.19xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book6.19xMarket cap / tangible book value, when positive.
P/OCF10.5xMarket cap / cash from operations, when positive.
EV/Sales4.98xEnterprise value / revenue.
Earnings yield6.3%Net income / market cap (the inverse of P/E).
PEG0.14xP/E / EPS growth per year over 3 years (in percent). Only when both are positive.
What was AngloGold Ashanti PLC's revenue in fiscal 2025?

AngloGold Ashanti PLC reported revenue of $9.89B for fiscal 2025, 70.8% higher than the year before.

Was AngloGold Ashanti PLC profitable in fiscal 2025?

Yes. Net income was $3.17B, a net margin of 32.1%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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