BTG financial statements
The full income statement, balance sheet, and cash-flow statement for B2Gold Corp Common shares (Canada) (BTG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.53B+116.8% | 706M-9.5% | 780M+29.1% | 604M-21.4% | 769M-19.8% | ||
| Cost of revenue | 1.53B+28.0% | 1.20B+3.6% | 1.15B+2.3% | 1.13B+13.5% | 994M+19.6% | |
| Operating income | 1.38B+656.6% | -248M-175.8% | 327M-34.8% | 502M-29.6% | 714M-32.2% | |
| Interest expense | 37.7M+8.2% | 34.8M+150.3% | 13.9M+28.4% | 10.8M-8.1% | 11.8M-25.3% | |
| Pre-tax income | 977M+415.9% | -309M-196.5% | 320M-39.6% | 531M-26.9% | 726M-29.8% | |
| Income tax | 550M+73.3% | 317M+13.9% | 279M+14.3% | 244M-8.1% | 265M-26.7% | |
| 427M+168.1% | -627M-1606.8% | 41.6M-85.5% | 287M-37.8% | 461M-31.5% | ||
| Net income to common | 402M+163.8% | -630M-6338.4% | 10.1M-96.0% | 253M-39.8% | 420M-33.1% | |
| $0.28+158.3% | -$0.48-4900.0% | $0.01-95.8% | $0.24-40.0% | $0.40-32.2% | ||
| EPS (basic) | $0.30+162.5% | -$0.48-4900.0% | $0.01-95.8% | $0.24-40.0% | $0.40-33.3% | |
| Weighted-avg shares (basic) | 1.33B+1.3% | 1.31B+6.2% | 1.23B+15.8% | 1.06B+1.0% | 1.05B+1.0% | |
| Weighted-avg shares (diluted) | 1.48B+13.1% | 1.31B+5.8% | 1.24B+15.5% | 1.07B+0.9% | 1.06B+0.5% | |
| Dividends per share | $0.02-87.5% | $0.16+0.0% | $0.16+0.0% | $0.16+0.0% | $0.16+45.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.13B+25.3% | 902M+26.9% | 711M-31.3% | 1.04B-1.0% | 1.05B+37.2% | ||
| Cash & equivalents | 380M+12.9% | 337M+9.8% | 307M-52.9% | 652M-3.1% | 673M+40.3% | |
| Inventory | 627M+31.3% | 478M+37.8% | 346M+4.4% | 332M+21.9% | 272M+14.4% | |
| 5.88B+22.1% | 4.81B-1.2% | 4.87B+32.4% | 3.68B+3.4% | 3.56B+5.9% | ||
| Property, plant & equipment | — | — | — | 2.27B+1.9% | 2.23B-6.5% | |
| Total current liabilities | 1.06B+82.8% | 581M+85.2% | 313M+34.2% | 234M+1.0% | 231M-19.2% | |
| 2.24B+25.8% | 1.78B+84.3% | 965M+69.4% | 569M-5.1% | 600M-14.5% | ||
| Long-term debt | 564M+33.9% | 421M+139.6% | 176M+321.7% | 41.7M-16.1% | 49.7M-34.5% | |
| 3.59B+20.5% | 2.98B-21.7% | 3.81B+26.7% | 3.01B+5.2% | 2.86B+11.2% | ||
| Total equity incl. non-controlling | 3.64B+20.0% | 3.04B-22.4% | 3.91B+25.7% | 3.11B+5.1% | 2.96B+11.3% | |
| Shares outstanding (cover) | 1.34B+1.7% | 1.32B+1.2% | 1.30B+21.2% | 1.07B+1.7% | 1.06B+0.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 896M+2.1% | 878M+22.8% | 714M+19.9% | 596M-17.7% | 724M-23.8% | ||
| Depreciation & amortization | 443M+19.9% | 370M-8.6% | 404M+4.6% | 386M+1.3% | 381M+25.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 0.00 | 0.00-100.0% | 150M | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00-100.0% | 19.8M-31.2% | 28.8M | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 107M-49.3% | 211M+5.5% | 200M+16.3% | 172M+1.2% | 170M+46.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 6.05B+88.0% | 3.22B-5.3% | 3.40B-9.9% | 3.77B-9.2% | 4.15B-29.5% | |
| P/E | 14.2× | — | 11.8×+44.7% | 8.2×-9.2% | 9.0×+2.9% | |
| P/B | 1.7×+56.1% | 1.1×-4.5% | 1.1×-14.4% | 1.3×-9.2% | 1.5×-36.6% | |
| Earnings yield | 7.1% | — | 8.4%-30.9% | 12.2%+10.1% | 11.1%-2.8% | |
| Dividend yield | 0.44%-93.2% | 6.6%+29.5% | 5.1%+13.0% | 4.5%+10.1% | 4.1%+106.6% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: BTG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BTG filings on SEC EDGAR → Not investment advice.