ELDORADO GOLD CORP /FI financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ELDORADO GOLD CORP /FI 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		392	459	618	1,029	943	872	1,010	1,329	1,819
Cost of revenue	270	265	375	488	663	651	700	740	816	936
Gross profit	163	126	83.8	130	363	290	172	268	507	883
Selling, general and administrative	37.9	54.6	46.8	29.2	28.5	35.5	37	39.8	36.2	39.2
Selling and marketing								22.4	20.1	20.2
Operating income	67	-38.5	-477	147	261	218	41.7	182	419	727
Interest expense	9.76	3.2	5.64	45.3	50.9	71.8	41.6	32.8	23	31.6
Pre-tax income	48.7	0.79	-466	113	206	157	11.9	163	435	544
Income tax	56.2	19.4	-86.5	39.8	82.4	138	61.2	57.6	135	22.1
Income from continuing operations	-7.51	-18.6	-380	73.7	124	19.4	-49.4	106	301	522
Net income to minority interests	-2.73	-11.5	-17.7	-6.9	-7.18	0.31	-73	-3.25	-2.16	-2.95
Net income	-344	-9.94	-362	80.6	125	-136	-354	105	289	507
EBITDA	142	33.6	-371	300	479	419	282	443	671	986
EPS, basic	-3.98	-0.08	-2.70	0.60	0.73	-0.75	-1.93	0.54	1.42	2.50
EPS, diluted	-3.98	-0.08	-2.70	0.59	0.71	-0.75	-1.93	0.54	1.41	2.47

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	883	480	286	178	452	481	280	540	857	869
Receivables	32.2	33.6
Inventory	121	169	138	163	164	178	199	236	279	297
Total current assets	1,092	738	515	436	754	728	632	930	1,482	1,448
Property, plant and equipment	3,646	4,227	3,988	4,091	4,042	4,003	3,596
Lease right-of-use assets				28.8	31.8	30.1	21.8	22.6	21.6	20.9
Goodwill		92.6	92.6	92.6	92.6	92.6	92.6	92.6	92.6	92.6
Total assets	4,798	5,090	4,629	4,649	4,931	4,931	4,458	4,988	5,836	6,727
Accounts payable	90.7	111	138	139	179	195	192	254	367	630
Total current liabilities	90.7	114	142	222	262	207	211	274	412	789
Lease liabilities			6.54	15.1	14.7	14.9	12.2	12.1	10	8.58
Total liabilities	1,226	1,367	1,282	1,175	1,244	1,291	1,257	1,476	1,947	2,444
Total debt			596	480	501	490	494	636	915	1,275
Retained earnings	-1,928	-1,949	-2,310	-2,230	-2,103	-2,239	-2,593	-2,488	-2,193	-1,572
Shareholders' equity	3,483	3,644	3,284	3,415	3,646	3,570	3,204	3,518	3,897	4,279
Minority interests	88.8	79.9	63.4	59.3	40.9	69.6	-3.2	-6.18	-8.14	3.79
Total equity	3,571	3,723	3,347	3,474	3,687	3,640	3,201	3,512	3,888	4,283
Total liabilities and equity	4,798	5,090	4,629	4,649	4,931	4,931	4,458	4,988	5,836	6,727

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-347	-21.4	-380	73.7	118	-136	-427	101	287	504
Depreciation and amortization	74.9	72.1	106	153	218	201	240	261	251	259
Cash from operations				166	426
Capital expenditures	-298	-309	-232	-215	-189	-282	-290	-402	-594	-866
Debt issued			0	494	150	500	0
Debt repaid			0	-600	-133	-517	0
Stock issued		0.59	0	40.1	96	14.6	14.1	169	14.1	8.85
Share buybacks		-5.3	-2.11	0	-3.55	0	-14	-4.44	-1.96	-11.3
Dividends paid		-10.6	0
Exchange rate effect									-10.4	21.4
Net change in cash	595	-404	-193	-109	274	29.4	-201	262	316	12.2
Free cash flow				-48.7	237
Interest paid			0	35.5	44.4
Income taxes paid			36.9	36.2	87.9

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $41.92 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	48.5%	Gross profit / revenue.
Operating margin	40.0%	Operating income / revenue.
EBITDA margin	54.2%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	29.9%	Pre-tax income / revenue.
Net margin	27.9%	Net income / revenue.
Effective tax rate	4.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	12.4%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	8.1%	Net income / average total assets.
Return on invested capital (ROIC)	16.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	2.2%	Selling, general and administrative expense / revenue.
Capex / revenue	47.6%	Capital expenditures / revenue.
D&A / revenue	14.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	36.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	27.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	12.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	74.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	72.4%	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	19.4%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	73.4%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	159.4%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	22.8%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	47.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	51.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	15.6%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	75.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y	32.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	75.2%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y	28.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	9.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	10.1%	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	3.3%	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	15.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	14.7%	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	6.4%	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	1.83x	Current assets / current liabilities.
Quick ratio	1.10x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.10x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.30x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	19.0%	Total debt / total assets.
Liabilities / assets	36.3%	Total liabilities / total assets.
Net debt	$405.7M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	0.41x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	23.0x	Operating income / interest expense.
Working capital	$658.7M	Current assets - current liabilities.
Goodwill and intangibles / assets	1.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	$4.19B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.29x	Revenue / average total assets.
Inventory turnover	3.25x	Cost of revenue / average inventory.
Days inventory	112 days	365 x average inventory / cost of revenue.
Days payables	194 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.47	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	$2.50	Net income per basic share, as reported (split-adjusted).

Valuation

Metric	Value	How it is calculated
Market cap	$10.95B	Share price x shares outstanding.
Enterprise value	$11.36B	Market cap + total debt - cash - short-term investments.
P/E	21.6x	Market cap / net income. Only when net income is positive.
P/S	6.02x	Market cap / revenue.
P/B	2.56x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.62x	Market cap / tangible book value, when positive.
EV/Sales	6.25x	Enterprise value / revenue.
EV/EBIT	15.6x	Enterprise value / operating income, when both are positive.
EV/EBITDA	11.5x	Enterprise value / EBITDA, when both are positive.
Earnings yield	4.6%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.1%	(Dividends paid + share buybacks) / market cap.

What was ELDORADO GOLD CORP /FI's revenue in fiscal 2025?

ELDORADO GOLD CORP /FI reported revenue of $1.82B for fiscal 2025, 36.8% higher than the year before.

Was ELDORADO GOLD CORP /FI profitable in fiscal 2025?

Yes. Net income was $507.3M, a net margin of 27.9%.

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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