TECK RESOURCES LTD financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data TECK RESOURCES LTD files with the SEC in its annual reports.

In CAD 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	9,300	11,910	12,564	11,934	8,948	12,766	17,316	6,476	9,065	10,756
Cost of revenue	6,904	7,343	7,943	8,594	7,615	7,552	8,745	5,364	7,458	8,099
Gross profit	2,396	4,567	4,621	3,340	1,333	5,214	8,571	1,112	1,607	2,657
Research and development	30	55	35	67	97	129	157	117	50	35
Selling, general and administrative	99	116	142
Operating income	1,725	4,271	4,784	-150	-910	4,983	6,986	222	-9	2,248
Interest expense	354	229	252	266	278	190	203	160	953	912
Interest income	16	17	33	48	10	5	53	110	234	271
Pre-tax income	1,628	3,914	4,510	-468	-1,136	4,532	5,609	3,920	1,891	1,656
Income tax	587	1,425	1,365	120	-192	1,518	2,495	237	205	584
Income from continuing operations						3,170	4,070	-312	-923	1,072
Net income to minority interests	1	29	38	17	-80	47	-19	-101	-123	-329
Net income	1,040	2,460	3,107	-605	-864	2,868	3,317	2,409	406	1,401
EBITDA	3,110	5,763	6,267	1,469	600	6,470	8,660	1,106	1,670	3,934
EPS, basic	0.00	0.00	0.00	0.00	0.00	0.00	6.30	4.65	0.79	2.84
EPS, diluted	0.00	0.00	0.00	0.00	0.00	0.00	6.19	4.59	0.78	2.83

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	1,407	952	1,734	1,026	450	1,427	1,883	744	7,587	5,012
Receivables	1,585	1,419	1,180	1,062	1,312	1,981	1,527	2,096	1,661	2,564
Inventory	1,673	1,669	2,065	1,981	1,872	2,390	2,685	2,946	2,598	2,748
Total current assets	4,762	4,748	5,317	4,495	4,000	6,103	8,293	6,465	12,574	11,164
Property, plant and equipment	27,595	29,045	31,050	31,355	33,578	37,382	40,095	45,565	30,568	29,721
Lease right-of-use assets			784	762	730	728	612	1,108	1,011	1,043
Goodwill	1,114	1,087	1,121	1,101	1,093	1,091	1,118	1,108	442	421
Intangible assets	74	76	80	162	309	395	400	345	196	169
Total assets	35,629	37,028	39,626	39,350	41,278	47,368	52,359	56,193	47,037	45,436
Accounts payable	1,902	2,290	2,333	2,498	2,909	3,255	4,367	3,654	2,735	3,404
Short-term debt			0	29	115	213	616	515	423	403
Total current liabilities	2,200	2,613	2,516	2,776	3,245	3,760	5,864	5,892	4,370	4,403
Lease liabilities			306	512	573	567	439	866	776	789
Total liabilities	18,028	17,035	16,608	17,276	20,570	23,595	25,848	27,901	19,941	19,429
Total debt	8,343	6,369	5,181	4,162	6,255	7,374	7,167	6,534	4,531	3,904
Shareholders' equity	17,442	19,851	22,884	21,304	20,039	23,005	25,473	26,988	26,077	25,096
Minority interests	159	142	134	770	669	768	1,038	1,304	1,019	911
Total equity	17,601	19,993	23,018	22,074	20,708	23,773	26,511	28,292	27,096	26,007
Total liabilities and equity	35,629	37,028	39,626	39,350	41,278	47,368	52,359	56,193	47,037	45,436

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	1,041	2,489	3,145	-588	-944	2,915	3,298	2,308	283	1,072
Depreciation and amortization	1,385	1,492	1,483	1,619	1,510	1,487	1,674	884	1,679	1,686
Cash from operations		5,049	4,438	3,484	1,563	4,738	7,983	4,084	2,790	1,479
Capital expenditures	-1,416	-1,621	-1,906	-2,788	-3,129	-3,966	-4,423	-3,885	-2,262	-1,838
Cash from investing	-1,837	-2,482	-1,605	-3,566	-3,672	-4,819	-5,680	-4,757	6,173	-1,910
Debt issued	1,567				2,426	1,639	569	230	77	308
Debt repaid	-2,560	-1,929	-1,355	-835	-457	-155	-1,323	-710	-2,549	-733
Stock issued	8	26	54	10	1	50	234	63	172	26
Share buybacks		-175	-189	-661	-207	0	-1,392	-250	-1,240	-1,011
Dividends paid	-58	-344	-172
Cash from financing	-1,635	-2,973	-2,164	-537	1,528	1,056	-1,990	-469	-2,565	-1,846
Exchange rate effect	-64	-49	113	-89	5	2	178	-32	445	-298
Net change in cash	-480	-455	782	-708	-576	977
Free cash flow		3,428	2,532	696	-1,566	772	3,560	199	528	-359

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Gross margin	24.7%	Gross profit / revenue.
Operating margin	20.9%	Operating income / revenue.
EBITDA margin	36.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	15.4%	Pre-tax income / revenue.
Net margin	13.0%	Net income / revenue.
FCF margin	-3.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	13.8%	Cash from operations / revenue.
Effective tax rate	35.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	5.5%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.0%	Net income / average total assets.
Return on invested capital (ROIC)	6.2%	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%.
R&D / revenue	0.3%	Research and development expense / revenue.
Capex / revenue	17.1%	Capital expenditures / revenue.
D&A / revenue	15.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	18.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-14.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	3.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	65.3%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-32.3%	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	14.8%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income CAGR, 3y	-31.5%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	135.6%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-23.1%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	45.7%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	245.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-25.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	262.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-23.0%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-47.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-43.0%	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	-1.1%	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	-168.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	-3.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-0.5%	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	4.6%	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	-3.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-4.6%	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	1.9%	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	2.54x	Current assets / current liabilities.
Quick ratio	1.72x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.14x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.16x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	8.6%	Total debt / total assets.
Liabilities / assets	42.8%	Total liabilities / total assets.
Net debt	-CA$1.11B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-0.28x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	2.46x	Operating income / interest expense.
Working capital	CA$6.76B	Current assets - current liabilities.
Goodwill and intangibles / assets	1.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	CA$24.51B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.23x	Revenue / average total assets.
Fixed asset turnover	0.36x	Revenue / average property, plant and equipment.
Inventory turnover	3.03x	Cost of revenue / average inventory.
Days inventory	120 days	365 x average inventory / cost of revenue.
Receivables turnover	5.09x	Revenue / average receivables.
Days sales outstanding	72 days	365 x average receivables / revenue.
Days payables	138 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	54 days	Days inventory + days sales outstanding - days payables.
FCF conversion	-25.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	124.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	CA$2.83	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	CA$2.84	Net income per basic share, as reported (split-adjusted).

What was TECK RESOURCES LTD's revenue in fiscal 2025?

TECK RESOURCES LTD reported revenue of CA$10.76B for fiscal 2025, 18.7% higher than the year before.

Was TECK RESOURCES LTD profitable in fiscal 2025?

Yes. Net income was CA$1.40B, a net margin of 13%.

How much free cash flow did TECK RESOURCES LTD generate in fiscal 2025?

Cash from operations of CA$1.48B minus capital expenditures of CA$1.84B left free cash flow of -CA$359.0M.

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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