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Ero Copper Corp.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 470.3M 427.5M 426.4M 489.9M
Operating Revenue 470.1M 431.6M 441.5M 493.2M
Cost Of Revenue 289.7M 270.6M 239.2M 171.1M
Gross Profit 180.6M 156.8M 187.2M 318.9M
Selling General And Administration 57.9M 60.1M 57.1M 46.4M
General And Administrative Expense 57.9M 60.1M 57.1M 46.4M
Depreciation And Amortization In Income Statement 1.7M 1.5M 313,000 288,000
Other Operating Expenses 2.3M 2.7M 2.2M 1.1M
Operating Expense 61.9M 64.3M 59.6M 47.8M
Operating Income 118.6M 92.5M 127.6M 271.1M
EBIT -73.6M 125.1M 147.5M 242.5M
Interest Expense 1.8M 12.8M 21.1M 5.6M
Interest Expense Non Operating 1.8M 12.8M 21.1M 5.6M
Interest Income 4.3M 12.5M 10.3M 3.0M
Interest Income Non Operating 4.3M 12.5M 10.3M 3.0M
Net Interest Income -10.4M -10.7M -20.7M -8.6M
Other Income Expense -183.6M 30.5M 19.5M -25.6M
Other Non Operating Income Expenses -6.6M -4.1M -384,000 -4.1M
Special Income Charges -12.1M 0.00 -- --
Gain On Sale Of Security -165.0M 34.6M 19.9M -21.5M
Pretax Income -75.4M 112.4M 126.4M 236.9M
Tax Provision -7.7M 18.0M 23.3M 34.3M
Tax Effect Of Unusual Items -18.0M 5.6M 3.7M -3.1M
Net Income From Continuing And Discontinued Operation -68.5M 92.8M 101.8M 201.1M
Net Income From Continuing Operation Net Minority Interest -68.5M 92.8M 101.8M 201.1M
Net Income Including Noncontrolling Interests -67.8M 94.3M 103.1M 202.6M
Minority Interests -685,000 -1.5M -1.2M -1.6M
Net Income Common Stockholders -68.5M 92.8M 101.8M 201.1M
Net Income -68.5M 92.8M 101.8M 201.1M
EBITDA 13.8M 208.2M 206.5M 289.8M
Normalized EBITDA 190.8M 173.5M 186.6M 311.3M
Reconciled Depreciation 87.4M 83.0M 59.0M 47.3M
Basic EPS -0.66 0.99 1.12 2.27
Diluted EPS -0.66 0.98 1.10 2.21
Basic Average Shares 103.1M 94.1M 90.8M 88.6M
Diluted Average Shares 103.1M 94.9M 92.2M 91.0M
Total Unusual Items -177.1M 34.6M 19.9M -21.5M
Total Unusual Items Excluding Goodwill -177.1M 34.6M 19.9M -21.5M
Tax Rate For Calcs 0.10 0.16 0.18 0.14
Normalized Income 90.6M 63.8M 85.6M 219.4M
Depreciation Amortization Depletion Income Statement 1.7M 1.5M 313,000 288,000
Diluted NI Availto Com Stockholders -68.5M 92.8M 101.8M 201.1M
Impairment Of Capital Assets 12.1M 0.00 -- --
Net Income Continuous Operations -67.8M 94.3M 103.1M 202.6M
Net Non Operating Interest Income Expense -10.4M -10.7M -20.7M -8.6M
Other Gand A 19.2M 21.6M 24.8M 18.3M
Other Taxes -- -- -- 0.00
Reconciled Cost Of Revenue 204.0M 189.1M 180.6M 124.1M
Salaries And Wages 38.7M 38.5M 32.3M 28.1M
Total Expenses 351.6M 335.0M 298.8M 218.8M
Total Other Finance Cost 12.9M 10.3M 9.9M 6.0M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 50.4M 111.7M 177.7M 130.1M
Cash Cash Equivalents And Short Term Investments 50.4M 111.7M 317.4M 130.1M
Other Short Term Investments -- 0.00 139.7M 0.00
Accounts Receivable 18.4M 5.7M 10.3M 30.7M
Receivables 40.3M 28.3M 32.8M 45.8M
Inventory 42.1M 42.3M 31.0M 26.0M
Prepaid Assets 3.2M 306,000 1.4M 860,000
Other Current Assets 5.9M 5.7M 6.7M 5.9M
Current Assets 141.8M 199.5M 392.4M 208.7M
Gross PPE 1.6B 1.6B 998.9M 638.0M
Accumulated Depreciation -328.8M -332.2M -227.9M -160.5M
Net PPE 1.3B 1.3B 771.0M 477.5M
Other Non Current Assets 4.1M 8.5M 4.0M 1.3M
Total Non Current Assets 1.3B 1.3B 795.6M 481.1M
Total Assets 1.5B 1.5B 1.2B 689.8M
Current Debt 45.9M 20.4M 15.7M 4.3M
Current Debt And Capital Lease Obligation 56.8M 31.4M 21.9M 9.1M
Accounts Payable 58.1M 74.9M 47.9M 25.4M
Payables 69.9M 88.0M 61.3M 42.3M
Payables And Accrued Expenses 79.4M 98.3M 69.0M 50.8M
Current Accrued Expenses 9.5M 10.3M 7.7M 8.5M
Current Deferred Revenue 31.7M 17.2M 16.6M 10.5M
Other Current Liabilities 18.0M 563,000 577,000 29.4M
Current Liabilities 211.7M 173.8M 129.1M 122.7M
Long Term Debt 556.3M 405.9M 402.4M 54.9M
Long Term Debt And Capital Lease Obligation 563.3M 414.5M 407.1M 57.3M
Long Term Capital Lease Obligation 7.0M 8.6M 4.7M 2.4M
Other Non Current Liabilities 5.8M 8.5M 5.0M 5.4M
Total Non Current Liabilities Net Minority Interest 655.2M 528.6M 516.8M 171.6M
Total Liabilities Net Minority Interest 867.0M 702.4M 645.9M 294.3M
Common Stock 286.5M 271.3M 148.1M 133.1M
Capital Stock 286.5M 271.3M 148.1M 133.1M
Retained Earnings 481.1M 549.5M 456.7M 354.9M
Gains Losses Not Affecting Retained Earnings -180.5M -16.6M -66.2M -94.9M
Other Equity Adjustments -180.5M -16.6M -66.2M -94.9M
Common Stock Equity 587.1M 804.2M 538.6M 393.1M
Stockholders Equity 587.1M 804.2M 538.6M 393.1M
Total Equity Gross Minority Interest 591.1M 809.3M 542.2M 395.5M
Minority Interest 3.9M 5.1M 3.6M 2.4M
Total Capitalization 1.1B 1.2B 940.9M 448.0M
Net Tangible Assets 587.1M 804.2M 538.6M 393.1M
Tangible Book Value 587.1M 804.2M 538.6M 393.1M
Working Capital -69.9M 25.7M 263.3M 86.0M
Invested Capital 1.2B 1.2B 956.6M 452.3M
Total Debt 620.1M 445.8M 429.0M 66.4M
Net Debt 551.8M 314.5M 240.4M --
Share Issued 103.6M 102.7M 92.2M 90.2M
Ordinary Shares Number 103.6M 102.7M 92.2M 90.2M
Buildings And Improvements 36.6M 37.2M 22.0M 18.4M
Capital Lease Obligations 17.9M 19.6M 11.0M 7.1M
Construction In Progress 513.7M 469.2M 151.1M 29.7M
Current Capital Lease Obligation 10.9M 11.0M 6.2M 4.7M
Current Deferred Liabilities 31.7M 17.2M 16.6M 10.5M
Current Provisions 6.8M -- -- --
Derivative Product Liabilities -- -- -- 366,000
Finished Goods 5.0M 11.4M 4.6M 2.3M
Hedging Assets Current 0.00 11.3M 3.2M 0.00
Income Tax Payable 3.3M 4.0M 5.4M 7.4M
Long Term Provisions 23.5M 28.3M 23.8M 21.4M
Machinery Furniture Equipment -- -- -- 20.3M
Non Current Accounts Receivable 18.3M 11.4M 10.3M --
Non Current Deferred Assets 16.7M 1.3M 0.00 2.3M
Non Current Deferred Liabilities 48.2M 69.3M 75.7M 83.7M
Non Current Deferred Revenue 48.2M 58.4M 69.5M 83.7M
Non Current Deferred Taxes Assets 16.7M 1.3M 0.00 2.3M
Non Current Deferred Taxes Liabilities 0.00 10.9M 6.2M 0.00
Non Current Note Receivables 7.3M 9.1M 10.4M 0.00
Non Current Prepaid Assets -- -- -- 1.3M
Notes Receivable 4.7M 8.3M 10.2M 0.00
Other Current Borrowings 45.9M 20.4M 15.7M 4.3M
Other Inventories 5.0M 5.6M 2.1M 2.9M
Other Properties 77.0M 75.9M 47.7M 27.1M
Pensionand Other Post Retirement Benefit Plans Current 19.1M 26.4M 21.0M 22.9M
Raw Materials 29.0M 24.3M 23.0M 19.1M
Taxes Receivable 17.2M 14.2M 12.2M 15.1M
Total Tax Payable 11.8M 13.1M 13.5M 16.9M
Tradeand Other Payables Non Current 14.4M 8.0M 5.3M 3.8M
Work In Process 3.0M 917,000 1.2M 1.7M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 145.4M 163.1M 143.4M 364.6M
Cash Flow From Continuing Operating Activities 145.4M 163.1M 143.4M 364.6M
Depreciation And Amortization 87.4M 83.0M 59.0M 47.3M
Depreciation Amortization Depletion 87.4M 83.0M 59.0M 47.3M
Stock Based Compensation 10.0M 9.2M 7.9M 7.8M
Deferred Tax -7.7M 18.0M 23.3M 34.3M
Deferred Income Tax -7.7M 18.0M 23.3M 34.3M
Change In Working Capital -25.7M -5.9M -18.0M -15.1M
Changes In Account Receivables -14.0M 6.9M -1.9M -12.2M
Change In Receivables -14.0M 6.9M -1.9M -12.2M
Change In Inventory -12.6M -5.3M -1.7M -2.3M
Change In Payables And Accrued Expense -4.1M 1.7M -614,000 7.7M
Change In Payable -- -- -- 7.7M
Change In Other Working Capital 22.7M 2.4M -- --
Change In Other Current Assets -17.6M -11.7M -13.8M -8.3M
Other Non Cash Items -13.9M 6.8M -3.4M 76.4M
Capital Expenditure -337.6M -460.6M -295.8M -181.8M
Purchase Of PPE -337.6M -460.6M -295.8M -181.8M
Net PPE Purchase And Sale -337.6M -460.6M -295.8M -181.8M
Purchase Of Investment 0.00 -40.0M -139.7M --
Sale Of Investment 2.2M 192.5M 9.7M 2.3M
Net Investment Purchase And Sale 2.2M 152.5M -130.0M 2.3M
Investing Cash Flow -335.4M -308.2M -425.8M -179.5M
Cash Flow From Continuing Investing Activities -335.4M -308.2M -425.8M -179.5M
Issuance Of Debt 213.3M 14.9M 401.5M 5.5M
Repayment Of Debt -54.2M -19.7M -63.1M -118.1M
Net Issuance Payments Of Debt 159.1M -4.8M 338.4M -112.6M
Issuance Of Capital Stock 0.00 104.3M 0.00 --
Net Common Stock Issuance 0.00 104.3M 0.00 --
Financing Cash Flow 131.2M 77.8M 327.3M -115.4M
Cash Flow From Continuing Financing Activities 131.2M 77.8M 327.3M -115.4M
Effect Of Exchange Rate Changes -2.5M 1.4M 2.7M -2.0M
Changes In Cash -58.8M -67.3M 44.9M 69.6M
Beginning Cash Position 111.7M 177.7M 130.1M 62.5M
End Cash Position 50.4M 111.7M 177.7M 130.1M
Free Cash Flow -192.2M -297.6M -152.4M 182.8M
Asset Impairment Charge 12.1M 0.00 -- --
Cash Dividends Paid 0.00 0.00 0.00 0.00
Change In Account Payable -- -- -- 10.4M
Change In Income Tax Payable -- -- -- -2.7M
Change In Tax Payable -- -- -- -2.7M
Common Stock Issuance 0.00 104.3M 0.00 --
Interest Paid Cff -36.3M -33.0M -15.4M -4.2M
Long Term Debt Issuance 213.3M 14.9M 401.5M 5.5M
Long Term Debt Payments -54.2M -19.7M -63.1M -118.1M
Net Foreign Currency Exchange Gain Loss 159.2M -36.8M -23.1M 20.3M
Net Income From Continuing Operations -67.8M 94.3M 103.1M 202.6M
Net Long Term Debt Issuance 159.1M -4.8M 338.4M -112.6M
Net Other Financing Charges -- -5.5M -4.5M -4.2M
Net Other Investing Changes -- -- -- -12.7M
Operating Gains Losses 159.2M -36.8M -23.1M 20.3M
Proceeds From Stock Option Exercised 8.4M 11.2M 8.8M 5.5M
Taxes Refund Paid -8.2M -5.6M -5.4M -9.1M
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