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Fortuna Mining Corp.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Total Revenue 270.2M 251.4M 230.4M 290.1M 302.2M
Operating Revenue 270.2M 251.4M 230.4M 290.1M 302.2M
Cost Of Revenue 121.8M 118.2M 125.4M 174.3M 195.4M
Gross Profit 148.4M 133.1M 105.0M 115.9M 106.8M
Selling General And Administration 26.0M 26.3M 21.6M 25.3M 19.4M
General And Administrative Expense 26.0M 26.3M 21.6M 25.3M 19.4M
Other Operating Expenses -- -2.4M 59,000 778,000 6.1M
Operating Expense 27.6M 23.9M 21.6M 26.1M 26.8M
Operating Income 120.8M 109.2M 83.4M 89.8M 80.0M
EBIT 124.8M 157.8M 87.6M 94.3M 55.5M
Interest Expense 13.3M 4.7M 6.3M 4.1M 7.4M
Interest Expense Non Operating 13.3M 4.7M 6.3M 4.1M 7.4M
Interest Income 4.3M 4.1M 3.1M 3.4M 1.6M
Interest Income Non Operating 4.3M 4.1M 3.1M 3.4M 1.6M
Net Interest Income -2.7M -3.2M -3.4M -3.0M -6.2M
Other Income Expense -6.6M 47.0M 1.4M 3.4M -25.8M
Other Non Operating Income Expenses -- -- -- -- --
Special Income Charges -3.9M 52.7M -2.0M -- -14.8M
Gain On Sale Of Security -2.9M -5.8M 3.4M 3.4M -8.9M
Pretax Income 111.5M 153.0M 81.4M 90.2M 48.1M
Tax Provision 37.5M 24.8M 33.7M 22.2M 33.0M
Tax Effect Of Unusual Items -2.3M 7.5M 207,750 846,612 -3.6M
Net Income From Continuing And Discontinued Operation 68.1M 123.6M 37.3M 58.5M 11.3M
Net Income From Continuing Operation Net Minority Interest 68.1M 123.6M 41.0M 61.7M 11.3M
Net Income Including Noncontrolling Interests 74.0M 128.2M 44.1M 64.8M 15.1M
Minority Interests -5.9M -4.6M -6.8M -6.3M -3.7M
Net Income Common Stockholders 68.1M 123.6M 37.3M 58.5M 11.3M
Net Income 68.1M 123.6M 37.3M 58.5M 11.3M
EBITDA 169.6M 210.8M 136.0M 156.0M 118.1M
Normalized EBITDA 176.4M 163.8M 134.6M 152.6M 141.8M
Reconciled Depreciation 44.9M 53.0M 48.3M 61.7M 62.6M
Basic EPS -- -- 0.12 0.19 --
Diluted EPS -- -- 0.12 0.19 --
Basic Average Shares -- -- 307.0M 306.6M --
Diluted Average Shares -- -- 309.0M 308.1M --
Total Unusual Items -6.8M 47.0M 1.4M 3.4M -23.8M
Total Unusual Items Excluding Goodwill -6.8M 47.0M 1.4M 3.4M -23.8M
Tax Rate For Calcs 0.34 0.16 0.15 0.25 0.15
Normalized Income 72.6M 84.1M 39.8M 59.1M 31.5M
Diluted NI Availto Com Stockholders 68.1M 123.6M 37.3M 58.5M 11.3M
Impairment Of Capital Assets 3.0M -52.7M 2.0M -- 14.5M
Net Income Continuous Operations 74.0M 128.2M 47.7M 68.0M 15.1M
Net Income Discontinuous Operations 0.00 0.00 -3.6M -3.2M --
Net Non Operating Interest Income Expense -2.7M -3.2M -3.4M -3.0M -6.2M
Other Gand A -15.7M 15.4M 16.9M 16.1M 17.5M
Reconciled Cost Of Revenue 121.8M 118.2M 125.4M 174.3M 195.4M
Salaries And Wages 41.6M 10.9M 4.6M 9.2M 1.9M
Total Expenses 149.4M 142.1M 147.0M 200.3M 222.2M
Total Operating Income As Reported 114.1M 154.6M 83.7M 91.9M 52.8M
Total Other Finance Cost -6.3M 2.5M 224,000 2.3M 303,000
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Cash And Cash Equivalents 554.0M 438.3M 378.4M 305.0M 231.3M
Cash Cash Equivalents And Short Term Investments 560.7M 444.2M 394.0M 309.4M 231.4M
Other Short Term Investments 6.8M 5.9M 15.6M 4.4M 63,000
Accounts Receivable 20.8M 17.2M 16.8M 18.4M 26.7M
Receivables 74.4M 83.4M 67.4M 96.0M 104.1M
Inventory 122.7M 110.7M 120.4M 135.9M 134.5M
Prepaid Assets 6.6M 8.5M 5.6M 12.1M 15.9M
Other Current Assets 124,000 150,000 150,000 219,000 276,000
Current Assets 764.5M 647.0M 587.5M 577.4M 486.2M
Gross PPE 2.4B 2.3B 2.3B 2.6B 3.0B
Accumulated Depreciation -845.5M -797.1M -802.6M -1.1B -1.4B
Net PPE 1.5B 1.5B 1.5B 1.5B 1.5B
Other Non Current Assets 69.8M 73.3M 66.9M 61.3M 60.6M
Total Non Current Assets 1.6B 1.6B 1.6B 1.6B 1.6B
Total Assets 2.4B 2.2B 2.1B 2.2B 2.1B
Current Debt -- -- -- -- --
Current Debt And Capital Lease Obligation 21.2M 21.4M 22.1M 20.5M 19.8M
Accounts Payable 77.9M 58.6M 78.2M 96.0M 91.2M
Payables 235.2M 173.7M 194.1M 245.0M 231.8M
Payables And Accrued Expenses 235.2M 173.7M 194.1M 245.0M 231.8M
Other Current Liabilities -- -- -- 17.3M --
Current Liabilities 256.4M 196.2M 217.0M 283.2M 256.0M
Long Term Debt 134.4M 132.2M 130.0M 128.0M 126.0M
Long Term Debt And Capital Lease Obligation 190.1M 192.0M 193.9M 177.3M 174.2M
Long Term Capital Lease Obligation 55.7M 59.8M 63.9M 49.4M 48.2M
Other Non Current Liabilities 8.3M 6.2M 3.4M 2.3M 4.1M
Total Non Current Liabilities Net Minority Interest 368.9M 373.5M 378.9M 374.6M 393.4M
Total Liabilities Net Minority Interest 625.3M 569.6M 595.9M 657.8M 649.5M
Common Stock 1.1B 1.1B 1.1B 1.1B 1.1B
Capital Stock 1.1B 1.1B 1.1B 1.1B 1.1B
Retained Earnings 488.1M 428.5M 304.9M 274.9M 216.4M
Gains Losses Not Affecting Retained Earnings 26.6M 24.5M 23.8M 19.4M 20.7M
Other Equity Adjustments 26.6M 25.4M 25.3M 24.0M 20.7M
Common Stock Equity 1.7B 1.6B 1.5B 1.5B 1.4B
Stockholders Equity 1.7B 1.6B 1.5B 1.5B 1.4B
Total Equity Gross Minority Interest 1.7B 1.7B 1.5B 1.5B 1.5B
Minority Interest 58.3M 52.4M 47.7M 68.5M 62.2M
Total Capitalization 1.8B 1.8B 1.6B 1.6B 1.5B
Net Tangible Assets 1.7B 1.6B 1.5B 1.5B 1.4B
Tangible Book Value 1.7B 1.6B 1.5B 1.5B 1.4B
Working Capital 508.2M 450.8M 370.5M 294.2M 230.2M
Invested Capital 1.8B 1.8B 1.6B 1.6B 1.5B
Total Debt 211.3M 213.4M 216.0M 197.9M 194.0M
Net Debt -- -- -- -- --
Share Issued 305.8M 307.0M 307.0M 307.0M 306.9M
Ordinary Shares Number 305.8M 307.0M 307.0M 307.0M 306.9M
Assets Held For Sale Current -- -- -- 23.8M --
Capital Lease Obligations 76.9M 81.2M 86.0M 69.9M 68.0M
Construction In Progress 32.3M 43.4M 39.1M 39.9M 73.9M
Current Capital Lease Obligation 21.2M 21.4M 22.1M 20.5M 19.8M
Current Provisions -- 1.1M 749,000 353,000 4.5M
Employee Benefits -- -- -- -- --
Finished Goods 76.7M 66.3M 77.8M 84.7M 78.6M
Foreign Currency Translation Adjustments -- -895,000 -1.5M -4.6M -5.3M
Income Tax Payable 81.8M 58.3M 60.1M 98.2M 80.1M
Long Term Provisions 50.3M 48.2M 46.1M 58.9M 70.8M
Non Current Accounts Receivable 7.7M -- 11.4M 31.6M 29.5M
Non Current Deferred Liabilities 120.3M 127.1M 135.5M 136.1M 144.3M
Non Current Deferred Taxes Liabilities 120.3M 127.1M 135.5M 136.1M 144.3M
Non Current Pension And Other Postretirement Benefit Plans -- -- -- -- --
Other Current Borrowings -- -- -- -- --
Other Equity Interest 37.0M 37.0M 37.0M 37.0M 37.0M
Other Payable 75.4M 56.8M 55.8M 50.9M 60.5M
Other Properties 876.9M 854.2M 851.3M 904.3M 1.0B
Other Receivables 8.2M 18.6M 5.5M 4.8M 4.3M
Pensionand Other Post Retirement Benefit Plans Current -- -- -- -- --
Raw Materials 46.0M 44.5M 42.6M 51.3M 55.9M
Restricted Cash -- -- -- -- --
Taxes Receivable 45.4M 47.6M 45.1M 72.7M 73.1M
Total Tax Payable 81.8M 58.3M 60.1M 98.2M 80.1M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Operating Cash Flow 150.3M 111.3M 67.3M 126.4M 150.3M
Cash Flow From Continuing Operating Activities 162.3M 111.3M 92.7M 126.4M 150.3M
Depreciation Amortization Depletion 44.9M 53.0M 48.3M 61.7M 62.6M
Stock Based Compensation -- -- -- 2.6M 1.5M
Deferred Tax 37.5M 24.8M 33.7M 22.2M 33.0M
Deferred Income Tax 37.5M 24.8M 33.7M 22.2M 33.0M
Change In Working Capital 14.8M -2.6M -4.2M -11.7M 8.7M
Change In Receivables -- 4.3M -2.4M 810,000 -5.3M
Change In Inventory -- 2.9M -394,000 -5.6M -85,000
Change In Payables And Accrued Expense -- -6.8M -2.7M -7.9M 7.8M
Change In Payable -- -6.8M -2.7M -7.9M 7.8M
Other Non Cash Items 4.7M -16.7M 3.5M -735,000 15.7M
Capital Expenditure -44.5M -48.5M -47.0M -39.6M -61.9M
Purchase Of PPE -44.5M -48.5M -47.0M -39.6M -61.9M
Net PPE Purchase And Sale -44.5M -48.5M -47.0M -39.6M -61.9M
Purchase Of Business -- -- -- -- --
Sale Of Business -- -- -- -- --
Purchase Of Investment 0.00 -65,000 -10.5M -14.4M -10.3M
Sale Of Investment 54,000 10.2M 1.2M 11.4M 11.7M
Net Investment Purchase And Sale 54,000 10.2M -9.3M -3.0M 1.4M
Investing Cash Flow -106.2M -34.2M 19.0M -40.5M -60.3M
Cash Flow From Continuing Investing Activities -34.5M -34.2M -54.3M -40.5M -60.3M
Issuance Of Debt 0.00 0.00 0.00 -- 0.00
Repayment Of Debt -6.7M -6.6M -6.1M -6.0M -5.9M
Net Issuance Payments Of Debt -6.7M -6.6M -6.1M -6.0M -5.9M
Repurchase Of Capital Stock -6.1M 0.00 0.00 -4.2M -30.6M
Net Common Stock Issuance -6.1M 0.00 0.00 -4.2M -30.6M
Common Stock Payments -6.1M 0.00 0.00 -4.2M -30.6M
Financing Cash Flow 100,000 -19.6M -18.0M -10.3M -38.5M
Cash Flow From Continuing Financing Activities -12.8M -19.6M -6.1M -10.3M -38.5M
Effect Of Exchange Rate Changes 639,000 2.3M 2.0M 1.2M -793,000
Changes In Cash 115.1M 57.6M 68.3M 75.6M 51.6M
Beginning Cash Position 438.3M 378.4M 308.1M 231.3M 180.6M
End Cash Position 554.0M 438.3M 378.4M 305.0M 231.3M
Free Cash Flow 105.8M 62.8M 20.3M 86.8M 88.4M
Asset Impairment Charge 3.0M -52.7M 2.0M -- 14.5M
Cash From Discontinued Financing Activities -- 0.00 -11.9M -- --
Cash From Discontinued Investing Activities -- 0.00 73.3M -- --
Cash From Discontinued Operating Activities -- 0.00 -25.4M -- --
Change In Prepaid Assets -- -3.0M 1.2M 1.1M 6.3M
Earnings Losses From Equity Investments 6.8M 10.8M 3.3M -- --
Gain Loss On Investment Securities -1.7M -310,000 -1.7M -1.3M -1.4M
Interest Paid Cfo -4.2M -1.2M -3.6M -648,000 -4.0M
Interest Received Cfo 4.3M 4.0M 2.5M 3.5M 1.6M
Long Term Debt Issuance 0.00 0.00 0.00 -- -68.0M
Long Term Debt Payments -6.7M -6.6M -6.1M -6.0M 227.1M
Net Business Purchase And Sale -- -- -- -- 0.00
Net Foreign Currency Exchange Gain Loss -977,000 -1.2M -2.5M -3.5M 8.1M
Net Income From Continuing Operations 74.0M 128.2M 47.7M 64.8M 15.1M
Net Long Term Debt Issuance -6.7M -6.6M -6.1M -6.0M 159.1M
Net Other Financing Charges 0.00 -13.0M -- -107,000 -2.0M
Net Other Investing Changes 10.0M 4.2M 2.0M 2.1M 220,000
Operating Gains Losses 4.2M 9.3M -870,000 -4.9M 6.7M
Other Cash Adjustment Outside Changein Cash -- -- -- -3.1M --
Taxes Refund Paid -20.8M -34.7M -36.4M -10.5M -5.0M
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