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Torex Gold Resources Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 1.3B 1.1B 882.6M 868.5M 855.8M
Operating Revenue 1.3B 1.1B 869.9M 850.5M 855.8M
Cost Of Revenue 668.7M 647.3M 600.1M 564.6M 529.3M
Gross Profit 636.9M 468.2M 282.5M 303.9M 326.5M
Selling General And Administration 69.5M 47.4M 24.4M 24.1M 20.4M
General And Administrative Expense 69.5M 47.4M 24.4M 24.1M 20.4M
Other Operating Expenses 37.5M 13.6M 8.7M 10.1M 8.3M
Operating Expense 107.0M 61.0M 33.1M 34.2M 28.7M
Operating Income 529.9M 407.2M 249.4M 269.7M 297.8M
EBIT 515.2M 350.7M 230.4M 286.6M 261.5M
Interest Expense 7.2M 0.00 0.00 100,000 400,000
Interest Expense Non Operating 7.2M 0.00 0.00 100,000 400,000
Interest Income 6.0M 7.8M 13.8M 9.8M 2.8M
Interest Income Non Operating 6.0M 7.8M 13.8M 9.8M 2.8M
Net Interest Income -18.9M 5.6M 11.8M 6.7M 300,000
Other Income Expense -3.0M -62.1M -30.8M 10.1M -37.0M
Other Non Operating Income Expenses -- -7.1M -6.7M -- --
Special Income Charges -- -- -- 0.00 -41.2M
Gain On Sale Of Security -3.0M -55.0M -24.1M 10.1M 4.2M
Pretax Income 508.0M 350.7M 230.4M 286.5M 261.1M
Tax Provision 104.6M 216.1M 26.0M 97.7M 109.4M
Tax Effect Of Unusual Items -617,717 -8.2M -2.7M 3.4M -9.8M
Net Income From Continuing And Discontinued Operation 403.4M 134.6M 204.4M 188.8M 151.7M
Net Income From Continuing Operation Net Minority Interest 403.4M 134.6M 204.4M 188.8M 151.7M
Net Income Including Noncontrolling Interests 403.4M 134.6M 204.4M 188.8M 151.7M
Net Income Common Stockholders 403.4M 134.6M 202.6M 188.8M 147.6M
Net Income 403.4M 134.6M 204.4M 188.8M 151.7M
EBITDA 683.9M 542.7M 432.8M 488.1M 460.2M
Normalized EBITDA 686.9M 597.7M 456.9M 478.0M 497.2M
Reconciled Depreciation 168.7M 192.0M 202.4M 201.5M 198.7M
Basic EPS 4.58 1.57 2.38 2.20 1.77
Diluted EPS 4.53 1.55 2.34 2.19 1.71
Basic Average Shares 88.0M 86.0M 85.9M 85.8M 85.7M
Diluted Average Shares 89.1M 87.0M 86.4M 86.1M 86.1M
Total Unusual Items -3.0M -55.0M -24.1M 10.1M -37.0M
Total Unusual Items Excluding Goodwill -3.0M -55.0M -24.1M 10.1M -37.0M
Tax Rate For Calcs 0.21 0.15 0.11 0.34 0.27
Normalized Income 405.8M 181.3M 225.8M 182.1M 178.9M
Diluted NI Availto Com Stockholders 403.4M 134.6M 202.6M 188.8M 147.6M
Impairment Of Capital Assets -- -- -- 0.00 41.2M
Net Income Continuous Operations 403.4M 134.6M 204.4M 188.8M 151.7M
Net Non Operating Interest Income Expense -18.9M 5.6M 11.8M 6.7M 300,000
Other Gand A 11.6M 11.5M 9.8M 8.2M 20.4M
Otherunder Preferred Stock Dividend 0.00 0.00 1.8M 0.00 4.1M
Reconciled Cost Of Revenue 668.7M 647.3M 600.1M 564.6M 529.3M
Salaries And Wages 57.9M 35.9M 14.6M 15.9M --
Total Expenses 775.7M 708.3M 633.2M 598.8M 558.0M
Total Other Finance Cost 17.7M 2.2M 2.0M 3.0M 2.1M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 119.5M 110.2M 172.8M 376.0M 255.7M
Cash Cash Equivalents And Short Term Investments 119.5M 110.2M 172.8M 376.0M 255.7M
Cash Financial -- 110.2M 172.8M 376.0M 255.7M
Other Short Term Investments -- -- -- -- 0.00
Accounts Receivable 72.8M 14.7M 10.1M 2.6M 3.4M
Receivables 135.0M 84.5M 87.7M 46.3M 60.8M
Inventory 190.5M 150.1M 126.6M 120.2M 123.3M
Prepaid Assets 23.1M 16.9M 12.9M 11.1M 11.3M
Other Current Assets 2.8M 2.0M 3.2M 2.8M 2.8M
Current Assets 471.2M 363.7M 405.5M 561.9M 453.9M
Gross PPE 4.2B 3.4B 2.7B 2.2B 1.9B
Accumulated Depreciation -1.9B -1.7B -1.5B -1.3B -1.1B
Net PPE 2.3B 1.7B 1.2B 931.9M 836.1M
Other Non Current Assets 17.0M 18.7M 23.4M 4.6M 7.9M
Total Non Current Assets 2.6B 1.8B 1.4B 1.0B 905.0M
Total Assets 3.0B 2.1B 1.8B 1.6B 1.4B
Current Debt And Capital Lease Obligation 36.5M 29.2M 23.9M 2.6M 2.1M
Accounts Payable 82.9M 106.3M 101.0M 86.4M 121.4M
Payables 279.3M 262.8M 201.2M 205.9M 192.3M
Payables And Accrued Expenses 326.7M 299.3M 231.9M 239.4M 192.3M
Current Accrued Expenses 47.4M 36.5M 30.7M 33.5M --
Other Current Liabilities 8.5M 3.5M 22.6M -- --
Current Liabilities 406.6M 346.1M 281.7M 243.3M 194.4M
Long Term Debt 27.6M 62.9M -- -- --
Long Term Debt And Capital Lease Obligation 96.7M 112.0M 8.1M 1.3M 1.2M
Long Term Capital Lease Obligation 69.1M 49.1M 8.1M 1.3M 1.2M
Other Non Current Liabilities 19.6M 13.2M 4.4M 4.7M 2.3M
Total Non Current Liabilities Net Minority Interest 192.2M 162.8M 59.0M 59.9M 64.1M
Total Liabilities Net Minority Interest 598.8M 508.9M 340.7M 303.2M 258.5M
Common Stock 1.5B 1.0B 1.0B 1.0B 1.0B
Capital Stock 1.5B 1.0B 1.0B 1.0B 1.0B
Additional Paid In Capital 28.0M 24.2M 24.2M 24.2M 24.3M
Retained Earnings 999.8M 630.0M 495.4M 291.0M 102.2M
Gains Losses Not Affecting Retained Earnings -56.6M -56.6M -56.6M -56.6M -56.6M
Other Equity Adjustments -56.6M -56.6M -56.6M -56.6M -56.6M
Common Stock Equity 2.4B 1.6B 1.5B 1.3B 1.1B
Stockholders Equity 2.4B 1.6B 1.5B 1.3B 1.1B
Total Equity Gross Minority Interest 2.4B 1.6B 1.5B 1.3B 1.1B
Total Capitalization 2.5B 1.7B 1.5B 1.3B 1.1B
Net Tangible Assets 2.4B 1.6B 1.5B 1.3B 1.1B
Tangible Book Value 2.4B 1.6B 1.5B 1.3B 1.1B
Working Capital 64.6M 17.6M 123.8M 318.6M 259.5M
Invested Capital 2.5B 1.7B 1.5B 1.3B 1.1B
Total Debt 133.2M 141.2M 32.0M 3.9M 3.3M
Share Issued 95.7M 86.0M 85.9M 85.8M 85.7M
Ordinary Shares Number 95.7M 86.0M 85.9M 85.8M 85.7M
Capital Lease Obligations 105.6M 78.3M 32.0M 3.9M 3.3M
Construction In Progress 67.6M 1.3B 758.0M 383.6M 228.7M
Current Capital Lease Obligation 36.5M 29.2M 23.9M 2.6M 2.1M
Derivative Product Liabilities -- -- 0.00 2.0M 0.00
Finished Goods 21.9M 6.3M 11.1M 2.0M 3.7M
Hedging Assets Current 300,000 0.00 2.3M 5.5M 0.00
Income Tax Payable 171.0M 143.5M 86.9M 107.9M 70.9M
Long Term Provisions 73.2M 37.6M 41.0M 40.5M 37.3M
Non Current Accounts Receivable 3.1M 1.1M 1.4M 4.5M 5.6M
Non Current Deferred Assets 214.7M 84.5M 156.5M 90.4M 55.4M
Non Current Deferred Liabilities 2.7M 0.00 5.5M 11.4M 23.3M
Non Current Deferred Taxes Assets 214.7M 84.5M 156.5M 90.4M 55.4M
Non Current Deferred Taxes Liabilities 2.7M 0.00 5.5M 11.4M 23.3M
Other Inventories 9.9M 12.5M 10.5M 12.7M 11.4M
Other Payable 25.4M 13.0M 13.3M 11.6M --
Other Properties 2.8B 1.4B 1.3B 1.2B 1.1B
Pensionand Other Post Retirement Benefit Plans Current 34.9M 14.1M 3.3M 1.3M --
Raw Materials 158.7M 131.3M 105.0M 105.5M 108.2M
Taxes Receivable 62.2M 69.8M 77.6M 43.7M 57.4M
Total Tax Payable 171.0M 143.5M 86.9M 107.9M 70.9M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 489.0M 449.5M 300.8M 408.1M 330.0M
Cash Flow From Continuing Operating Activities 489.0M 449.5M 300.8M 408.1M 330.0M
Depreciation And Amortization 168.7M 192.0M 202.4M 201.5M 198.7M
Depreciation Amortization Depletion 168.7M 192.0M 202.4M 201.5M 198.7M
Stock Based Compensation 33.0M 21.8M 2.0M 2.0M -2.9M
Deferred Tax 104.2M 212.1M 23.2M 97.4M 106.9M
Deferred Income Tax 104.2M 212.1M 23.2M 97.4M 106.9M
Change In Working Capital -41.2M -9.4M -40.0M 25.8M -35.2M
Changes In Account Receivables -56.5M -4.6M -- -- --
Change In Receivables -49.0M 1.5M -14.5M 18.9M -14.2M
Change In Inventory -25.9M -4.7M -12.5M 1.8M -15.7M
Change In Payables And Accrued Expense 36.6M -1.3M -3.5M 4.3M -2.1M
Other Non Cash Items 21.2M -3.3M -10.2M 4.6M 3.6M
Capital Expenditure -354.3M -561.7M -479.5M -277.6M -230.5M
Purchase Of PPE -352.6M -553.7M -478.0M -277.2M -230.4M
Net PPE Purchase And Sale -352.6M -553.7M -478.0M -277.2M -230.4M
Purchase Of Business -27.2M 0.00 -- -- --
Sale Of Business 6.3M 0.00 -- -- --
Net Investment Purchase And Sale -- -- -- 0.00 32.1M
Investing Cash Flow -360.5M -562.7M -498.3M -280.5M -203.7M
Cash Flow From Continuing Investing Activities -360.5M -562.7M -498.3M -280.5M -203.7M
Issuance Of Debt 190.0M 165.0M 0.00 -- --
Repayment Of Debt -242.1M -108.6M -4.8M -3.9M -42.7M
Net Issuance Payments Of Debt -52.1M 56.4M -4.8M -3.9M -42.7M
Repurchase Of Capital Stock -33.9M 0.00 -- -- --
Net Common Stock Issuance -33.9M 0.00 -- -- --
Common Stock Dividend Paid -10.2M 0.00 -- -- --
Common Stock Payments -33.9M 0.00 -- -- --
Financing Cash Flow -120.6M 53.6M -7.9M -7.7M -44.9M
Cash Flow From Continuing Financing Activities -120.6M 53.6M -7.9M -7.7M -44.9M
Effect Of Exchange Rate Changes 1.4M -3.0M 2.2M 400,000 200,000
Changes In Cash 7.9M -59.6M -205.4M 119.9M 81.4M
Beginning Cash Position 110.2M 172.8M 376.0M 255.7M 174.1M
End Cash Position 119.5M 110.2M 172.8M 376.0M 255.7M
Free Cash Flow 134.7M -112.2M -178.7M 130.5M 99.5M
Asset Impairment Charge -- -- -- 0.00 41.2M
Capital Expenditure Reported -1.7M -8.0M -1.5M -400,000 -100,000
Cash Dividends Paid -10.2M 0.00 0.00 0.00 0.00
Change In Prepaid Assets -2.9M -4.9M -9.5M 800,000 -3.2M
Gain Loss On Investment Securities 4.7M -16.7M 23.7M -3.5M -5.4M
Interest Paid Cff -- -2.1M -1.9M -1.1M -1.7M
Interest Received Cfo 6.0M 7.8M 13.8M -- --
Long Term Debt Issuance 190.0M 165.0M 0.00 -- --
Long Term Debt Payments -242.1M -108.6M -4.8M -3.9M -42.7M
Net Business Purchase And Sale -20.9M 0.00 -- -- --
Net Foreign Currency Exchange Gain Loss -6.2M -400,000 -2.3M -1.2M -700,000
Net Income From Continuing Operations 403.4M 134.6M 204.4M 188.8M 151.7M
Net Long Term Debt Issuance -52.1M 56.4M -4.8M -3.9M -42.7M
Net Other Financing Charges -26.0M -2.8M -1.2M -2.7M -500,000
Net Other Investing Changes 14.7M -1.0M -18.8M -2.9M -5.3M
Operating Gains Losses -1.5M -17.1M 21.4M -4.7M -6.1M
Proceeds From Stock Option Exercised 1.6M 0.00 -- -- --
Taxes Refund Paid -204.8M -89.0M -116.2M -107.3M -127.9M
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