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Ivanhoe Mines Ltd.

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 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Total Revenue 138.4M -- 96.8M 77.0M 40.8M 0.00 0.00
Operating Revenue 138.4M 129.4M 96.8M 77.0M 40.8M 0.00 0.00
Cost Of Revenue 120.5M -- 100.2M 81.8M -- -- 0.00
Gross Profit 17.9M -- -3.5M -4.8M -- -- 0.00
Selling General And Administration 19.7M -- 13.8M 11.5M 31.8M 18.7M 18.3M
General And Administrative Expense 19.7M -- 13.8M 11.5M 31.8M 18.7M 18.3M
Other Operating Expenses 19.7M -- 8.6M 9.1M 1.2M 12.8M 10.6M
Operating Expense 42.3M -- 22.4M 20.6M 36.6M 31.5M 28.9M
Operating Income -24.4M -- -25.9M -25.4M -47.3M -31.5M -28.9M
EBIT 44.2M -- 22.1M 126.1M 42.6M 109.3M 90.4M
Interest Expense -31.6M -- -6.0M 7.8M -33.0M 471,000 23.1M
Interest Expense Non Operating -31.6M -- -6.0M 7.8M -33.0M 471,000 23.1M
Interest Income 45.1M -- 43.6M 41.3M 55.8M 60.1M 62.9M
Interest Income Non Operating 45.1M -- 43.6M 41.3M 55.8M 60.1M 62.9M
Net Interest Income 35.8M -- 38.6M 33.8M 49.2M 59.7M 30.0M
Other Income Expense 64.3M -- 15.3M 109.8M 73.7M 80.6M 66.2M
Other Non Operating Income Expenses -1.3M -- -996,000 3.2M 3.0M -14,000 610,000
Special Income Charges -- -- 186,000 -318,000 -69,000 17,000 0.00
Write Off -- -- -- -- -- -- 0.00
Gain On Sale Of Security 20.0M -- 452,000 -1.0M -2.8M -2.9M -24.1M
Earnings From Equity Interest 45.6M -- 15.7M 107.9M 73.6M 83.5M 89.6M
Pretax Income 75.7M -- 28.1M 118.2M 75.6M 108.8M 67.3M
Tax Provision 35.8M -- -7.2M -4.0M -12.4M 644,000 782,000
Tax Effect Of Unusual Items 3.0M -- 95,700 -198,150 -435,000 -16,895 -279,541
Net Income From Continuing And Discontinued Operation 54.7M -- 44.1M 129.8M 99.3M 117.9M 76.4M
Net Income From Continuing Operation Net Minority Interest 54.7M -- 44.1M 129.8M 99.3M 117.9M 76.4M
Net Income Including Noncontrolling Interests 39.9M -- 35.3M 122.2M 88.0M 108.2M 66.5M
Minority Interests 14.8M -- 8.7M 7.6M 11.3M 9.8M 9.9M
Net Income Common Stockholders 54.7M -- 44.1M 129.8M 99.3M 117.9M 76.4M
Net Income 54.7M -- 44.1M 129.8M 99.3M 117.9M 76.4M
EBITDA 71.3M -- 37.0M 140.5M 59.8M 110.3M 91.1M
Normalized EBITDA 51.4M -- 36.3M 141.8M 62.7M 113.2M 115.1M
Reconciled Depreciation 27.2M -- 14.9M 14.4M 17.2M 1.0M 688,000
Basic EPS -- -- 0.03 0.10 -- 0.09 0.06
Diluted EPS -- -- 0.03 0.10 -- 0.09 0.06
Basic Average Shares -- -- 1.4B 1.4B -- 1.3B 1.3B
Diluted Average Shares -- -- 1.4B 1.4B -- 1.4B 1.3B
Total Unusual Items 20.0M -- 638,000 -1.3M -2.9M -2.9M -24.1M
Total Unusual Items Excluding Goodwill 20.0M -- 638,000 -1.3M -2.9M -2.9M -24.1M
Tax Rate For Calcs 0.15 -- 0.15 0.15 0.15 0.01 0.01
Normalized Income 37.7M -- 43.5M 130.9M 101.8M 120.8M 100.2M
Diluted NI Availto Com Stockholders 54.7M -- 44.1M 129.8M 99.3M 117.9M 76.4M
Gain On Sale Of Ppe -- -- 186,000 -318,000 -69,000 17,000 0.00
Net Income Continuous Operations 39.9M -- 35.3M 122.2M 88.0M 108.2M 66.5M
Net Non Operating Interest Income Expense 35.8M -- 38.6M 33.8M 49.2M 59.7M 30.0M
Other Gand A 6.0M -- 5.8M 5.6M 19.7M 8.3M 6.6M
Provision For Doubtful Accounts -- -- -- -- -- 0.00 --
Reconciled Cost Of Revenue 120.5M -- 100.2M 81.8M -- -- 0.00
Salaries And Wages 13.8M -- 8.0M 5.9M 12.1M 10.4M 11.7M
Total Expenses 162.8M -- 122.6M 102.4M 88.1M 31.5M 28.9M
Total Operating Income As Reported 43.0M -- -11.2M 81.7M 24.4M 52.6M 58.2M
Total Other Finance Cost 40.9M -- 10.9M -355,000 39.6M -15,000 9.8M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Cash And Cash Equivalents 764.3M -- 654.8M 701.1M 102.1M 163.7M 231.5M
Cash Cash Equivalents And Short Term Investments 865.0M -- 654.8M 701.1M 102.1M 163.7M 231.5M
Other Short Term Investments 100.7M -- -- -- 0.00 -- --
Receivables 165.4M -- 106.4M 89.2M 76.6M 37.4M 30.4M
Inventory 66.3M -- 76.3M 83.1M 85.7M 44.8M 25.0M
Prepaid Assets 18.1M -- 17.3M 24.2M 19.0M 25.4M 32.7M
Current Assets 1.1B -- 871.7M 913.5M 298.6M 287.6M 334.5M
Gross PPE 2.6B -- 2.3B 2.1B 2.1B 2.0B 1.8B
Accumulated Depreciation -162.3M -- -116.7M -100.8M -88.5M -80.7M -74.9M
Net PPE 2.4B -- 2.2B 2.0B 2.0B 2.0B 1.8B
Goodwill And Other Intangible Assets 29.7M -- 41.8M -- 10.0M 11.0M 10.4M
Other Intangible Assets 29.7M -- -- -- 10.0M 11.0M 10.4M
Investments And Advances 3.7B -- 3.3B 3.3B 3.1B 3.0B 2.8B
Long Term Equity Investment 3.6B -- 3.2B 3.2B 3.0B 2.9B 2.8B
Other Non Current Assets 17.9M -- 41.8M 39.5M 9.0M 10.3M 8.4M
Total Non Current Assets 6.5B -- 5.9B 5.7B 5.4B 5.3B 5.0B
Total Assets 7.6B -- 6.8B 6.6B 5.7B 5.6B 5.3B
Current Debt 342.5M -- 152.1M 122.6M 97.5M 54.9M 153.3M
Current Debt And Capital Lease Obligation 343.3M -- 152.9M 123.3M 98.2M 55.6M 154.0M
Accounts Payable 94.4M -- 109.0M 98.3M 118.9M 146.7M 105.6M
Payables 148.1M -- 125.4M 111.2M 137.5M 154.3M 128.9M
Payables And Accrued Expenses 148.1M -- 125.4M 111.2M 137.5M 154.3M 128.9M
Current Deferred Revenue 12.8M -- 995,000 995,000 995,000 -- --
Other Current Liabilities 4.5M -- 821,000 1.1M 1.8M 2.0M 2.0M
Current Liabilities 508.7M -- 280.1M 236.7M 238.6M 211.8M 284.8M
Long Term Debt 913.8M -- 1.0B 977.2M 261.0M 56.0M 56.3M
Long Term Debt And Capital Lease Obligation 923.4M -- 1.0B 987.3M 271.0M 66.2M 66.7M
Long Term Capital Lease Obligation 9.7M -- 10.0M 10.1M 10.0M 10.3M 10.4M
Other Non Current Liabilities 10.6M -- 9.8M 10.5M 11.1M 134.0M 12.1M
Total Non Current Liabilities Net Minority Interest 1.4B -- 1.4B 1.4B 663.4M 606.0M 451.4M
Total Liabilities Net Minority Interest 1.9B -- 1.7B 1.6B 901.9M 817.9M 736.2M
Common Stock 4.4B -- 3.9B 3.9B 3.9B 3.9B 3.8B
Capital Stock 4.4B -- 3.9B 3.9B 3.9B 3.9B 3.8B
Retained Earnings 1.3B -- 1.2B 1.2B 1.0B 948.0M 830.1M
Gains Losses Not Affecting Retained Earnings 3.9M -- -47.7M -64.6M -69.8M -31.5M -55.0M
Common Stock Equity 5.9B -- 5.2B 5.1B 5.0B 4.9B 4.7B
Stockholders Equity 5.9B -- 5.2B 5.1B 5.0B 4.9B 4.7B
Total Equity Gross Minority Interest 5.7B -- 5.0B 5.0B 4.8B 4.8B 4.6B
Minority Interest -179.5M -- -167.8M -160.7M -153.6M -138.4M -130.9M
Total Capitalization 6.8B -- 6.2B 6.1B 5.3B 5.0B 4.8B
Net Tangible Assets 5.9B -- 5.2B 5.1B 5.0B 4.9B 4.7B
Tangible Book Value 5.9B -- 5.2B 5.1B 5.0B 4.9B 4.7B
Working Capital 626.4M -- 591.6M 676.8M 60.1M 75.7M 49.7M
Invested Capital 7.2B -- 6.4B 6.2B 5.3B 5.0B 4.9B
Total Debt 1.3B -- 1.2B 1.1B 369.2M 121.8M 220.7M
Net Debt 491.9M -- 502.4M 398.7M 256.3M -- --
Share Issued 1.4B -- 1.4B 1.4B 1.4B 1.4B 1.3B
Ordinary Shares Number 1.4B -- 1.4B 1.4B 1.4B 1.4B 1.3B
Buildings And Improvements 70.4M -- 64.0M 44.0M 42.8M 17.9M 16.7M
Capital Lease Obligations 10.5M -- 10.8M 10.8M 10.8M 11.0M 11.1M
Construction In Progress 1.3B -- 1.1B 932.6M 882.1M 1.5B 1.3B
Current Capital Lease Obligation 844,000 -- 774,000 742,000 725,000 747,000 706,000
Current Deferred Liabilities 12.8M -- 995,000 995,000 995,000 -- --
Financial Assets Designatedas Fair Value Through Profitor Loss Total 85.2M -- 80.4M 81.5M 81.6M 82.7M 82.6M
Finished Goods 47.0M -- 60.9M -- 67.0M -- --
Foreign Currency Translation Adjustments 3.9M -- -47.7M -64.6M -69.8M -31.5M -55.0M
Investmentin Financial Assets 85.2M -- 80.4M 81.5M 81.6M 82.7M 82.6M
Investmentsin Joint Venturesat Cost 3.6B -- 3.2B 3.2B 3.0B 2.9B 2.8B
Land And Improvements 1.6M -- 1.5M 1.5M 1.5M 1.6M 1.6M
Loans Receivable 14.1M -- 8.0M 8.0M 8.0M 0.00 0.00
Long Term Provisions 23.2M -- 23.3M 22.1M 21.6M 20.6M 20.2M
Machinery Furniture Equipment 359.0M -- 309.8M 326.4M 323.4M 126.0M 122.7M
Non Current Accounts Receivable 98.0M -- 61.6M 56.0M 54.4M 46.3M 40.1M
Non Current Deferred Assets 209.9M -- 245.7M 243.7M 242.7M 216.3M 226.6M
Non Current Deferred Liabilities 434.8M -- 397.3M 375.5M 359.7M 385.2M 352.3M
Non Current Deferred Revenue 434.8M -- 397.3M 375.5M 359.7M 382.7M 349.8M
Non Current Deferred Taxes Assets 209.9M -- 245.7M 243.7M 242.7M 216.3M 226.6M
Non Current Deferred Taxes Liabilities -- -- -- -- 0.00 2.5M 2.5M
Non Current Note Receivables 32.2M -- 36.9M 40.9M 40.3M 74.6M 74.0M
Notes Receivable 31.3M -- 26.9M 26.9M 26.9M -- --
Other Current Borrowings 342.5M -- 152.1M 122.6M 97.5M 54.9M 153.3M
Other Equity Interest 149.7M -- 148.6M 146.6M 153.1M 149.6M 156.2M
Other Payable 41.4M -- 12.8M 10.1M 10.3M 4.0M 20.9M
Other Properties 4.4M -- 4.8M 4.2M 5.2M 4.5M 5.0M
Other Receivables 120.0M -- 71.6M 54.4M 41.6M 37.4M 29.4M
Raw Materials 14.5M -- 10.7M -- 15.3M -- --
Restricted Cash 20.3M -- 16.9M 15.9M 15.3M 16.2M 14.9M
Taxes Receivable 0.00 -- 0.00 0.00 109,000 0.00 1.1M
Total Tax Payable 12.3M -- 3.6M 2.9M 8.3M 3.6M 2.4M
Treasury Shares Number -- -- -- -- -- -- 0.00
Work In Process 4.9M -- 4.7M -- 3.4M -- --
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Operating Cash Flow -41.1M -- 477,000 -55.1M -86.8M -26.8M -20.9M
Cash Flow From Continuing Operating Activities -41.1M -- 476,000 -55.1M -86.8M -26.8M -20.9M
Depreciation And Amortization 27.2M -- 14.9M 14.4M 17.2M 1.0M 688,000
Depreciation Amortization Depletion 27.2M -- 14.9M 14.4M 17.2M 1.0M 688,000
Stock Based Compensation 5.3M -- 4.4M 2.4M 3.0M 7.5M 8.5M
Deferred Tax -- -- -- -- -- 0.00 0.00
Deferred Income Tax -- -- -- -- -- 0.00 0.00
Change In Working Capital -47.6M -- 4.7M -43.5M -55.4M -1.5M -3.2M
Change In Receivables -- -- -22.8M -14.4M -12.3M -14.2M -12.3M
Change In Inventory -- -- 6.8M 2.7M -32.9M -19.8M -21.8M
Change In Payables And Accrued Expense -- -- 13.9M -26.6M -16.6M 25.2M 27.0M
Change In Payable -- -- 13.9M -26.6M -16.6M 25.2M 27.0M
Other Non Cash Items -35.7M -- -34.8M -33.5M -49.3M -59.7M -30.0M
Capital Expenditure -99.4M -- -90.6M -70.8M -96.3M -118.8M -137.8M
Purchase Of PPE -99.4M -- -90.6M -70.8M -96.3M -118.8M -137.8M
Net PPE Purchase And Sale -98.1M -- -88.3M -70.7M -96.3M -118.7M -137.8M
Purchase Of Business -151.5M -- -15,000 -1,000 -22,000 -18,000 -13,000
Sale Of Investment -- -- 2.4M -- -- -- 0.00
Net Investment Purchase And Sale -103.1M -- 2.4M -- -- -- 0.00
Investing Cash Flow -352.8M -- -87.4M -75.3M -93.9M -120.6M -141.5M
Cash Flow From Continuing Investing Activities -352.8M -- -87.4M -75.3M -93.9M -120.6M -141.5M
Issuance Of Debt 80.0M -- 41.5M 750.0M 136.0M 120.0M 50.0M
Repayment Of Debt -1.4M -- -1.4M -2.8M -1.1M -42.5M -41.2M
Net Issuance Payments Of Debt 78.6M -- 40.1M 747.2M 134.9M 77.5M 8.8M
Issuance Of Capital Stock 28,000 -- -- -- -- -- --
Net Common Stock Issuance 28,000 -- -- -- -- -- --
Financing Cash Flow 94.5M -- 42.3M 726.5M 129.8M 77.5M -912,000
Cash Flow From Continuing Financing Activities 94.5M -- 42.3M 726.5M 129.8M 77.5M -912,000
Effect Of Exchange Rate Changes 28.4M -- -630,000 3.5M -11.7M 3.5M -1.4M
Changes In Cash -299.4M -- -44.7M 596.2M -50.9M -69.9M -163.4M
Beginning Cash Position 1.1B -- 717.0M 117.3M 179.9M 246.4M 411.1M
End Cash Position 784.5M -- 671.7M 717.0M 117.3M 179.9M 246.4M
Free Cash Flow -140.5M -- -90.1M -125.8M -183.2M -145.6M -158.7M
Cash Dividends Paid 0.00 -- 0.00 -- 0.00 0.00 0.00
Change In Prepaid Assets -- -- 6.9M -5.2M 6.4M 7.3M 3.9M
Common Stock Issuance 28,000 -- -- -- -- -- --
Depreciation 27.2M -- 14.9M 14.4M 17.2M 1.0M 688,000
Earnings Losses From Equity Investments -45.6M -- -15.7M -107.9M -73.6M -83.5M -89.6M
Gain Loss On Investment Securities -- -- -- -- 0.00 4.2M 20.7M
Gain Loss On Sale Of PPE -- -- -186,000 318,000 -- -17,000 -2,000
Interest Paid Cff 0.00 -- 0.00 -- 0.00 -7,000 -10.1M
Interest Paid Cfo -6.4M -- -8.6M -10.0M -9.4M -4.1M -2.1M
Interest Received Cfo 8.6M -- 8.1M 7.0M 1.8M 2.5M 4.1M
Long Term Debt Issuance 91.5M -- 41.5M 750.0M 136.0M 120.0M 50.0M
Long Term Debt Payments -7.9M -- -1.4M -2.8M -1.1M -41.3M -41.2M
Net Business Purchase And Sale -149.2M -- -15,000 -1,000 780,000 -18,000 -13,000
Net Foreign Currency Exchange Gain Loss -23.5M -- 661,000 664,000 2.8M -1.3M 4.6M
Net Income From Continuing Operations 75.7M -- 28.1M 118.2M 75.6M 108.8M 67.3M
Net Long Term Debt Issuance 83.6M -- 40.1M 747.2M 134.9M 78.7M 8.8M
Net Other Financing Charges 682,000 -- -313,000 -20.7M -- -- --
Net Other Investing Changes -2.5M -- -1.4M -4.6M 1.6M -1.8M -3.7M
Net Short Term Debt Issuance -5.0M -- -- -- 0.00 -1.2M --
Operating Gains Losses -66.2M -- -15.2M -107.0M -70.8M -80.7M -64.3M
Proceeds From Stock Option Exercised 15.1M -- 2.5M 0.00 1.5M 10,000 400,000
Provisionand Write Offof Assets -- -- -- -- -- 0.00 0.00
Sale Of PPE 1.3M -- 2.3M 30,000 47,000 61,000 2,000
Short Term Debt Payments 6.5M -- -- -- 0.00 -1.2M --
Taxes Refund Paid -746,000 -- 308,000 -3.3M -444,000 -32,000 -2.8M
Unrealized Gain Loss On Investment Securities -1.3M -- -1.4M 119,000 903,000 -701,000 764,000
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