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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 789 | 1,159 | 1,054 | 783 | 692 | 532 | 500 | 448 | 493 | 461 | 512 | 478 |
| Cost of revenue | 360 | 388 | 359 | 288 | 238 | 205 | 232 | 225 | 184 | 187 | 197 | 206 |
| Gross profit | 429 | 771 | 695 | 495 | 454 | 327 | 268 | 223 | 308 | 275 | 315 | 272 |
| Selling, general and administrative | 19.9 | 18.0 | 24.2 | 26.3 | 16.3 | 12.8 | 20.2 | 14.1 | 13.4 | 14.6 | 22.5 | 14.2 |
| Operating income | 361 | 521 | 426 | 249 | 296 | 158 | 149 | 79.5 | 190 | 155 | -45.1 | 156 |
| EBIT | 361 | 521 | 426 | 249 | 296 | 158 | 149 | 79.5 | 190 | 155 | -45.1 | 156 |
| EBITDA | 482 | 682 | 551 | 353 | 399 | 252 | 236 | 168 | 285 | 246 | 60.8 | 258 |
| Interest expense | 15.4 | 18.4 | 22.4 | 4.7 | 4.9 | 5.7 | 10.8 | 7.0 | 7.5 | 9.6 | 4.9 | 3.2 |
| Pre-tax income | 627 | 502 | 360 | 198 | 286 | 133 | 108 | -572 | 24.1 | 130 | -56.5 | 40.5 |
| Income tax | 208 | 296 | 180 | 175 | 126 | 70.2 | 118 | 59.3 | 58.8 | 81.6 | 60.9 | 75.3 |
| Net income | 417 | 200 | 171 | 19.3 | 154 | 57.6 | -11.9 | -634 | -24.0 | 39.8 | -113 | -43.1 |
| Net income to common shareholders | 417 | 200 | 171 | 19.3 | 154 | 57.6 | -11.9 | -634 | -24.0 | 39.8 | -113 | -43.1 |
| Basic EPS | 0.31 | 0.15 | 0.13 | 0.01 | 0.12 | 0.04 | -0.01 | -0.48 | -0.02 | 0.03 | -0.09 | -0.03 |
| Diluted EPS | 0.29 | 0.14 | 0.12 | 0.01 | 0.10 | 0.04 | -0.01 | -0.48 | -0.02 | 0.03 | -0.09 | -0.03 |
| Average shares (basic) | 1,332 | 1,341 | 1,337 | 1,324 | 1,322 | 1,318 | 1,314 | 1,311 | 1,307 | 1,303 | 1,301 | 1,297 |
| Average shares (diluted) | 1,490 | 1,501 | 1,498 | 1,482 | 1,477 | 1,469 | 1,314 | 1,311 | 1,307 | 1,308 | 1,301 | 1,297 |
| Dividend per share | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |