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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -78.8 | 539 | 291 | 171 | 255 | 179 | 121 | -16.1 | 62.4 | 711 | 205 | 110 |
| Depreciation and amortization | 121 | 161 | 144 | 105 | 103 | 94.7 | 93.9 | 88.1 | 95.6 | 90.4 | 112 | 102 |
| Capital expenditure | -171 | -169 | -166 | -248 | -238 | -179 | -238 | -214 | -216 | -234 | -285 | -225 |
| Investing cash flow | 157 | -176 | -184 | -277 | -236 | -195 | -252 | -163 | -108 | -240 | -287 | -235 |
| Financing cash flow | -268 | -253 | -83.8 | 176 | -41.9 | 8.3 | 48.1 | 142 | -52.3 | -207 | 82.2 | -59.3 |
| Dividends paid | -25.9 | -26.3 | -26.0 | -25.9 | -26.0 | -25.6 | -46.7 | -46.1 | -45.9 | -46.0 | -46.6 | -45.4 |
| Share repurchases | -92.3 | -79.6 | 0.0 | -9.8 | 0.0 | — | — | — | — | — | — | — |
| Debt issued | 0.0 | 25.0 | 0.6 | 204 | 3.3 | 455 | 254 | 200 | — | — | 150 | — |
| Debt repaid | -82.4 | -109 | -56.9 | -9.2 | -12.6 | -407 | -53.3 | -5.8 | -4.7 | -154 | -5.0 | -4.6 |
| Effect of exchange rates | -3.0 | -14.2 | -9.8 | -11.3 | 1.6 | 1.2 | -10.9 | 2.0 | -2.7 | -3.6 | -2.9 | -12.6 |
| Net change in cash | -193 | 96.3 | 13.2 | 58.7 | -21.6 | -6.8 | -94.1 | -35.7 | -101 | 261 | -2.7 | -197 |
| Free cash flow | -250 | 371 | 124 | -76.4 | 17.1 | -0.1 | -117 | -230 | -153 | 477 | -79.7 | -115 |
| Levered free cash flow | -218 | 275 | 206 | 28.9 | 206 | 152 | -31.7 | 77.4 | -47.9 | -52.3 | -218 | -30.4 |