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Lundin Gold Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 526.6M 452.9M 356.3M 341.8M 323.1M
Operating Revenue 526.6M 452.9M 356.3M 341.8M 323.1M
Cost Of Revenue 153.2M 138.7M 122.8M 126.6M 119.9M
Gross Profit 373.4M 314.2M 233.5M 215.2M 203.2M
Selling General And Administration 24.3M 16.1M 12.1M 14.3M 4.9M
General And Administrative Expense 24.3M 16.1M 12.1M 14.3M 4.9M
Other Operating Expenses 19.7M 13.3M 10.4M 13.8M 10.6M
Operating Expense 44.0M 29.4M 22.5M 28.1M 15.5M
Operating Income 329.4M 284.8M 211.1M 187.1M 187.7M
EBIT 334.1M 288.7M 216.6M 201.6M 190.5M
Interest Expense 0.00 0.00 0.00 0.00 0.00
Interest Expense Non Operating 0.00 0.00 0.00 0.00 0.00
Interest Income 6.1M 5.2M 4.7M 2.9M 4.2M
Interest Income Non Operating 6.1M 5.2M 4.7M 2.9M 4.2M
Net Interest Income 6.1M 5.2M 4.7M 2.9M 4.2M
Other Income Expense -1.3M -1.3M 831,000 11.6M -1.3M
Other Non Operating Income Expenses -1.3M -1.3M 831,000 11.6M -1.3M
Special Income Charges 0.00 0.00 0.00 0.00 0.00
Gain On Sale Of Security -- -- -- 0.00 --
Pretax Income 334.1M 288.7M 216.6M 201.6M 190.5M
Tax Provision 99.9M 92.0M 63.1M 72.4M 54.8M
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation 234.2M 196.7M 153.5M 129.1M 135.7M
Net Income From Continuing Operation Net Minority Interest 234.2M 196.7M 153.5M 129.1M 135.7M
Net Income Including Noncontrolling Interests 234.2M 196.7M 153.5M 129.1M 135.7M
Net Income Common Stockholders 234.2M 196.7M 153.5M 129.1M 135.7M
Net Income 234.2M 196.7M 153.5M 129.1M 135.7M
EBITDA 369.9M 324.1M 246.2M 235.1M 224.6M
Normalized EBITDA 369.9M 324.1M 246.2M 235.1M 224.6M
Reconciled Depreciation 35.7M 35.4M 29.6M 33.5M 34.2M
Basic EPS -- 0.82 0.64 -- 0.57
Diluted EPS -- 0.82 0.63 -- 0.56
Basic Average Shares -- 239.9M 240.5M -- 239.7M
Diluted Average Shares -- 239.9M 242.0M -- 241.9M
Total Unusual Items 0.00 0.00 0.00 0.00 0.00
Total Unusual Items Excluding Goodwill 0.00 0.00 0.00 0.00 0.00
Tax Rate For Calcs 0.30 0.32 0.29 0.36 0.29
Normalized Income 234.2M 196.7M 153.5M 129.1M 135.7M
Diluted NI Availto Com Stockholders 234.2M 196.7M 153.5M 129.1M 135.7M
Net Income Continuous Operations 234.2M 196.7M 153.5M 129.1M 135.7M
Net Non Operating Interest Income Expense 6.1M 5.2M 4.7M 2.9M 4.2M
Other Gand A 2.9M 2.7M 2.9M 2.8M 2.2M
Other Special Charges -- -- -- 0.00 --
Other Taxes -- -- 0.00 0.00 0.00
Reconciled Cost Of Revenue 153.2M 138.7M 122.8M 126.6M 119.9M
Salaries And Wages 21.4M 13.5M 9.2M 11.5M 2.8M
Total Expenses 197.2M 168.1M 145.3M 154.7M 135.4M
Total Operating Income As Reported 373.4M 314.2M -- 215.2M 203.2M
Total Other Finance Cost -- -- -- 0.00 --
Line Item Q4 2025Dec 31, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 630.2M 493.4M 451.7M 349.2M 225.7M
Cash Cash Equivalents And Short Term Investments 630.2M 493.4M 451.7M 349.2M 225.7M
Accounts Receivable 199.2M 146.7M 165.1M 155.9M 125.8M
Receivables 241.8M 203.3M 225.6M 214.0M 153.2M
Inventory 92.9M 88.6M 88.8M 88.2M 81.3M
Prepaid Assets 18.3M 0.00 0.00 23.1M 3.5M
Other Current Assets -- 19.8M 14.2M -- 20.3M
Current Assets 983.2M 805.0M 780.3M 674.5M 484.1M
Gross PPE 1.3B 1.3B 1.3B 1.3B 1.3B
Accumulated Depreciation -570.3M -515.9M -486.1M -460.8M -434.2M
Net PPE 774.8M 793.6M 812.8M 828.7M 829.7M
Total Non Current Assets 804.0M 813.9M 833.0M 853.0M 880.0M
Total Assets 1.8B 1.6B 1.6B 1.5B 1.4B
Accounts Payable 15.2M 18.5M 15.6M 18.3M 16.1M
Payables 219.7M 140.6M 148.4M 115.1M 73.9M
Payables And Accrued Expenses 364.2M 232.4M 224.5M 206.8M 126.7M
Current Accrued Expenses 144.5M 91.8M 76.1M 91.7M 52.8M
Other Current Liabilities 24.3M 10.4M 4.8M 8.7M --
Current Liabilities 388.5M 242.8M 229.3M 215.5M 126.7M
Other Non Current Liabilities 25.9M 11.0M 3.1M 3.5M --
Total Non Current Liabilities Net Minority Interest 34.5M 72.0M 82.1M 95.7M 92.0M
Total Liabilities Net Minority Interest 423.0M 314.7M 311.4M 311.2M 218.6M
Common Stock 1.1B 1.1B 1.0B 1.0B 1.0B
Capital Stock 1.1B 1.1B 1.0B 1.0B 1.0B
Retained Earnings 340.9M 282.8M 293.4M 212.6M 131.5M
Gains Losses Not Affecting Retained Earnings -40.7M -40.7M -40.7M -40.7M -29.0M
Other Equity Adjustments -40.7M -40.7M -40.7M -40.7M -29.0M
Common Stock Equity 1.4B 1.3B 1.3B 1.2B 1.1B
Stockholders Equity 1.4B 1.3B 1.3B 1.2B 1.1B
Total Equity Gross Minority Interest 1.4B 1.3B 1.3B 1.2B 1.1B
Total Capitalization 1.4B 1.3B 1.3B 1.2B 1.1B
Net Tangible Assets 1.4B 1.3B 1.3B 1.2B 1.1B
Tangible Book Value 1.4B 1.3B 1.3B 1.2B 1.1B
Working Capital 594.7M 562.3M 551.0M 458.9M 357.4M
Invested Capital 1.4B 1.3B 1.3B 1.2B 1.1B
Share Issued 241.4M 241.3M 240.7M 240.2M 240.0M
Ordinary Shares Number 241.4M 241.3M 240.7M 240.2M 240.0M
Construction In Progress 39.1M 17.2M 3.7M 39.2M 18.1M
Derivative Product Liabilities -- -- -- 0.00 0.00
Finished Goods 9.7M 14.8M 12.3M 8.5M 5.9M
Income Tax Payable 204.5M 122.1M 132.8M 96.8M 57.7M
Long Term Provisions 8.6M 8.2M 8.1M 7.9M 9.3M
Machinery Furniture Equipment 83.9M 80.6M 80.2M 77.8M 78.1M
Non Current Accounts Receivable 18.6M 20.3M 20.2M 24.3M 50.3M
Non Current Deferred Assets 10.6M -- -- 0.00 --
Non Current Deferred Liabilities 0.00 52.8M 71.0M 84.3M 82.6M
Non Current Deferred Taxes Assets 10.6M -- -- 0.00 --
Non Current Deferred Taxes Liabilities 0.00 52.8M 71.0M 84.3M 82.6M
Non Current Prepaid Assets -- -- -- 0.00 0.00
Other Equity Interest 6.6M 6.6M 8.1M 9.1M 11.5M
Raw Materials 83.2M 73.8M 76.5M 79.7M 75.4M
Taxes Receivable 42.5M 56.6M 60.5M 58.0M 27.4M
Total Tax Payable 204.5M 122.1M 132.8M 96.8M 57.7M
Treasury Shares Number -- -- -- -- --
Line Item Q4 2025Dec 31, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow 358.4M 254.8M 194.3M 192.0M 217.9M
Cash Flow From Continuing Operating Activities 358.4M 254.8M 194.3M 192.0M 217.9M
Depreciation Amortization Depletion 35.7M 35.4M 29.6M 33.5M 34.2M
Stock Based Compensation 20.5M 12.5M 6.9M 10.5M 1.1M
Deferred Tax -44.6M -18.2M -13.4M 1.7M 5.7M
Deferred Income Tax -44.6M -18.2M -13.4M 1.7M 5.7M
Change In Working Capital 111.4M 27.7M 28.5M 32.9M 39.2M
Changes In Account Receivables -3.9M 18.4M -39,000 -29.4M 9.6M
Change In Receivables -3.9M 18.4M -39,000 -29.4M 9.6M
Change In Inventory -2.7M 1.1M 819,000 -6.5M 567,000
Change In Payables And Accrued Expense 118.0M 8.2M 24.2M 68.8M 22.5M
Change In Payable 118.0M 8.2M 24.2M 68.8M 22.5M
Change In Other Current Liabilities -- -- -- 0.00 0.00
Other Non Cash Items -5.0M -4.6M -15.5M -18.6M -2.2M
Capital Expenditure -- -17.3M -21.4M -- -34.1M
Purchase Of PPE -- -17.3M -21.4M -- -34.1M
Net PPE Purchase And Sale -- -17.3M -21.4M -- -34.1M
Investing Cash Flow -30.2M -19.1M -23.5M -28.3M -36.7M
Cash Flow From Continuing Investing Activities -30.2M -19.1M -23.5M -28.3M -36.7M
Repayment Of Debt 0.00 0.00 0.00 0.00 0.00
Net Issuance Payments Of Debt 0.00 0.00 0.00 0.00 0.00
Issuance Of Capital Stock -- -- -- -- --
Net Common Stock Issuance -- -- -- -- --
Common Stock Dividend Paid -193.1M -207.3M -72.7M -48.0M -48.0M
Financing Cash Flow -192.4M -194.1M -68.2M -40.1M -193.4M
Cash Flow From Continuing Financing Activities -192.4M -194.1M -68.2M -40.1M -193.4M
Effect Of Exchange Rate Changes -33,000 74,000 1,000 -156,000 281,000
Changes In Cash 135.8M 41.6M 102.5M 123.6M -12.2M
Beginning Cash Position 494.4M 451.7M 349.2M 225.7M 237.7M
End Cash Position 630.2M 493.4M 451.7M 349.2M 225.7M
Free Cash Flow 417.8M 237.5M 172.9M 251.4M 183.8M
Income Tax Paid Supplemental Data -- -- 33.5M 40.3M 38.7M
Cash Dividends Paid -193.1M -207.3M -72.7M -48.0M -48.0M
Change In Account Payable 42.6M 18.9M -11.8M 29.7M -4.4M
Change In Income Tax Payable 75.4M -10.7M 36.0M 39.1M 26.9M
Change In Prepaid Assets 0.00 0.00 3.5M 0.00 6.5M
Change In Tax Payable 75.4M -10.7M 36.0M 39.1M 26.9M
Common Stock Issuance -- -- -- -- --
Gain Loss On Investment Securities -- -- -- 0.00 --
Interest Paid Cff 0.00 0.00 0.00 261.0M 0.00
Interest Received Cfo 6.1M 5.2M 4.7M 2.9M 4.2M
Long Term Debt Payments 0.00 0.00 0.00 0.00 0.00
Net Income From Continuing Operations 234.2M 196.7M 153.5M 129.1M 135.7M
Net Long Term Debt Issuance 0.00 0.00 0.00 0.00 0.00
Net Other Financing Charges -- -- -- -257.0M -150.0M
Net Other Investing Changes -3.6M -1.8M -2.1M -5.2M -2.6M
Operating Gains Losses -- -- -- 0.00 --
Proceeds From Stock Option Exercised 772,000 13.2M 4.5M 3.9M 4.5M
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