B2Gold revenue and financials
$7.39Change from previous close: +0.96%Absolute change: +$0.07
In the fiscal year ended December 2025, B2Gold reported revenue of $3.06B (+60.95% year over year). Net income was $401.91M, a net margin of 13.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +60.95%
- 2025 vs 2024
- Net margin
- 13.1%
- 2024: -33.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 896 | 878 | 714 | 596 | 724 |
| Depreciation and amortization | 446 | 1,187 | 422 | 399 | 381 |
| Capital expenditure | -831 | -901 | -825 | -382 | -278 |
| Investing cash flow | -893 | -763 | -845 | -389 | -286 |
| Financing cash flow | 58.6 | -69.1 | -193 | -211 | -234 |
| Dividends paid | -103 | -185 | -187 | -171 | -168 |
| Share repurchases | -9.8 | 0.0 | — | — | — |
| Debt issued | 663 | 454 | 150 | 0.0 | 5.3 |
| Debt repaid | -486 | -218 | -19.5 | -26.4 | — |
| Effect of exchange rates | -18.3 | -15.2 | -21.7 | -16.8 | -10.3 |
| Net change in cash | 43.5 | 30.1 | -345 | -21.1 | 193 |
| Free cash flow | 64.9 | -23.7 | -110 | 214 | 446 |
| Levered free cash flow | 596 | 253 | -48.5 | 364 | 425 |