B2GOLD CORP (BTG) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — BTG

Balance Sheet

(in billions USD)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Cash & Equivalents	0.38	0.34	0.31	0.65	0.67	0.48	0.14
Inventory	0.63	0.48	0.35	0.33	0.27	0.24	0.22
Total Current Assets	1.13	0.90	0.71	1.04	1.05	0.76	0.43
Total Non-current Assets*	4.75	3.91	4.16	2.65	2.52	2.60	2.25
Total Assets	5.88	4.81	4.87	3.68	3.56	3.36	2.68
Total Current Liabilities	1.06	0.58	0.31	0.23	0.23	0.29	0.17
Total Non-current Liabilities*	1.18	1.20	0.65	0.34	0.37	0.42	0.47
Total Liabilities	2.24	1.78	0.96	0.57	0.60	0.70	0.63
Retained Earnings	(0.22)	(0.52)	0.40	0.59	0.51	0.25	(0.26)
Total Stockholder Equity	3.64	3.04	3.91	3.11	2.96	2.66	2.05

* Derived from reported values

Income Statement

(in billions USD) (except per-share rows)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Gross Profit	1.53	0.71	0.78	0.60	0.77	0.96	0.45
Selling, General & Admin	0.07	0.06	0.06	0.05	0.05	0.05	0.05
Total Operating Expenses*	0.15	0.95	0.45	0.10	0.05	(0.09)	(0.06)
Operating Income	1.38	(0.25)	0.33	0.50	0.71	1.05	0.51
Interest Expense	0.01	0.01	0.01	0.01	0.01	0.01	0.02
Pretax Income	0.98	(0.31)	0.32	0.53	0.73	1.03	0.48
Tax Provision	0.55	0.32	0.28	0.24	0.27	0.36	0.17
Net Income	0.43	(0.63)	0.04	0.29	0.46	0.67	0.32
Basic EPS	0.30	(0.48)	0.01	0.24	0.40	0.60	0.29
Diluted EPS	0.28	(0.48)	0.01	0.24	0.40	0.59	0.29

* Derived from reported values

Cash Flow Statement

(in millions USD)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Operating Cash Flow	895.84	877.60	714.45	595.80	724.11	950.65	491.97
Investing Cash Flow	(892.74)	(763.30)	(845.34)	(388.78)	(286.28)	(337.96)	(262.79)
Financing Cash Flow	58.65	(69.07)	(192.51)	(211.28)	(234.23)	(278.86)	(192.06)