BARRICK MINING CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BARRICK MINING CORP 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

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	8,558	8,374	7,243	9,717	12,595	11,985	11,013	11,397	12,922	16,956
Cost of revenue	5,405	5,300	5,220	6,911	7,417	7,089	7,497	7,932	7,961	8,265
Gross profit	3,153	3,074	2,023	2,806	5,178	4,896	3,516	3,465	4,961	8,691
General and administrative	256	248	265	212	118	118	125	101	95	103
Interest income	13	14	15	31	28	42	94	269	281	221
Pre-tax income	1,778	2,747	-237	6,357	4,946	4,632	1,681	2,814	4,608	8,805
Income tax	917	1,231	1,198	1,783	1,332	1,344	664	861	1,520	1,651
Net income to minority interests	206	78	110	605	1,290	1,266	585	681	944	2,161
Net income	655	1,438	-1,545	3,969	2,324	2,022	432	1,272	2,144	4,993
EPS, basic	0.56	1.23	-1.32	2.26	1.31	1.14	0.24	0.72	1.22	2.93
EPS, diluted	0.56	1.23	-1.32	2.26	1.31	1.14	0.24	0.72	1.22	2.93

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	2,389	2,234	1,571	3,314	5,188	5,280	4,440	4,148	4,074	6,706
Receivables	249	239	248	363	558	623	554	693	763	791
Inventory	1,930	1,890	1,852	2,289	1,878	1,734	1,781	1,782	1,942	2,068
Total current assets	4,874	4,684	3,978	6,887	8,143	8,249	8,465	7,438	7,632	10,217
Property, plant and equipment	14,103	13,806	12,826	24,141	24,628	24,954	25,821	26,416	28,559	29,354
Lease right-of-use assets				75	50	53	61	53	53	45
Goodwill	1,371	1,330	1,176	4,769	4,769	4,769	3,581	3,581	3,097	3,034
Intangible assets	272	255	227	226	169	150	149	149	148	148
Total assets	25,264	25,308	22,631	44,392	46,506	46,890	45,965	45,811	47,626	51,577
Accounts payable	1,084	1,059	1,101	1,155	1,458	1,448	1,556	1,503	1,613	1,859
Total current liabilities	1,819	1,747	1,668	2,376	2,220	2,086	3,120	2,356	2,642	3,497
Total liabilities	14,951	14,241	13,246	14,565	14,796	14,583	14,676	13,809	14,370	15,661
Total debt	7,931	6,423	5,738	5,536	5,155
Retained earnings	-13,074	-11,759	-13,453	-9,722	-7,949	-6,566	-7,282	-6,713	-5,269	-1,170
Shareholders' equity	7,935	9,286	7,593	21,432	23,341	23,857	22,771	23,341	24,290	26,557
Minority interests	2,378	1,781	1,792	8,395	8,369	8,450	8,518	8,661	8,966	9,359
Total equity	10,313	11,131	9,385	29,827	31,710	32,307	31,289	32,002	33,256	35,916
Total liabilities and equity	25,264	25,308	22,631	44,392	46,506	46,890	45,965	45,811	47,626	51,577

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	861	1,516	-1,435	4,574	3,614	3,288	1,017	1,953	3,088	7,154
Cash from operations	2,640	2,065	1,765	2,833	5,417	4,378	3,481	3,732	4,491	7,689
Capital expenditures	-1,126	-1,396	-1,400	-1,701	-2,054	-2,435	-3,049	-3,086	-3,174	-3,821
Cash from investing	-412	-337	-1,494	50	-1,286	-1,897	-1,711	-2,816	-2,764	-1,236
Debt issued	5	0	0	0	0
Debt repaid	-2,062	-1,533	-687	-281	-353	-7	-375	-43	0	-14
Share buybacks						0	-424	0	-498	-1,500
Dividends paid	-86	-125	-125	-548	-547	-634	-1,143	-700	-696	-890
Cash from financing	-2,297	-1,886	-925	-1,139	-2,254	-2,388	-2,604	-1,205	-1,795	-3,823
Exchange rate effect	3	3	-9	-1	-3	-1	-6	-3	-6	2
Net change in cash	-66	-155	-663	1,743	1,874	92	-840	-292	-74	2,632
Free cash flow	1,514	669	365	1,132	3,363	1,943	432	646	1,317	3,868
Interest paid	513	425	350	333	295	303	305	300	380	291
Income taxes paid	487	649	398	612	718	1,274	767	524	776	1,468

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $42.88 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	51.3%	Gross profit / revenue.
Pre-tax margin	51.9%	Pre-tax income / revenue.
Net margin	29.4%	Net income / revenue.
FCF margin	22.8%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	45.3%	Cash from operations / revenue.
Effective tax rate	18.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	19.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	10.1%	Net income / average total assets.
Capex / revenue	22.5%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	31.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	15.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	75.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	35.2%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	10.9%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	132.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	126.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	16.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	140.2%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	130.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	17.5%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	71.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	30.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	7.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	193.7%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	107.7%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	2.8%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	9.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	5.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	2.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	8.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.92x	Current assets / current liabilities.
Quick ratio	2.14x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.92x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	30.4%	Total liabilities / total assets.
Working capital	$6.72B	Current assets - current liabilities.
Goodwill and intangibles / assets	6.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$23.38B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.34x	Revenue / average total assets.
Fixed asset turnover	0.59x	Revenue / average property, plant and equipment.
Inventory turnover	4.12x	Cost of revenue / average inventory.
Days inventory	89 days	365 x average inventory / cost of revenue.
Receivables turnover	21.8x	Revenue / average receivables.
Days sales outstanding	17 days	365 x average receivables / revenue.
Days payables	77 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	29 days	Days inventory + days sales outstanding - days payables.
FCF conversion	77.5%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	49.7%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.93	Net 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	$2.93	Net income per basic share, as reported (split-adjusted).
Payout ratio	17.8%	Dividends paid / net income, when net income is positive.
Dividends / FCF	23.0%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	38.8%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$70.58B	Share price x shares outstanding.
Enterprise value	$63.87B	Market cap + total debt - cash - short-term investments.
P/E	14.1x	Market cap / net income. Only when net income is positive.
P/S	4.16x	Market cap / revenue.
P/B	2.66x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	3.02x	Market cap / tangible book value, when positive.
P/FCF	18.2x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.18x	Market cap / cash from operations, when positive.
EV/Sales	3.77x	Enterprise value / revenue.
EV/FCF	16.5x	Enterprise value / free cash flow, when both are positive.
FCF yield	5.5%	Free cash flow / market cap.
Earnings yield	7.1%	Net income / market cap (the inverse of P/E).
Dividend yield	1.3%	Dividends paid over the period / market cap.
Shareholder yield	3.4%	(Dividends paid + share buybacks) / market cap.
PEG	0.11x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was BARRICK MINING CORP's revenue in fiscal 2025?

BARRICK MINING CORP reported revenue of $16.96B for fiscal 2025, 31.2% higher than the year before.

Was BARRICK MINING CORP profitable in fiscal 2025?

Yes. Net income was $4.99B, a net margin of 29.4%.

How much free cash flow did BARRICK MINING CORP generate in fiscal 2025?

Cash from operations of $7.69B minus capital expenditures of $3.82B left free cash flow of $3.87B.

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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