Results Snapshot
Figures in Million
Consolidate Annual Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
4,277.43
2,605.71
2,610.66
2,255.58
2,209.41
2,399.49
1,533.41
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
4,277.43
2,605.71
2,610.66
2,255.58
2,209.41
2,399.49
1,533.41
Raw Material Cost
2,138.49
1,638.25
1,557.90
1,468.94
1,245.85
1,114.14
935.70
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
312.66
218.71
238.91
0.00
214.72
210.92
176.43
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
52.68
47.74
18.79
14.11
14.79
21.20
35.23
Selling and Distribution Expenses
128.61
115.30
112.41
103.27
91.22
84.15
95.13
Other Expenses
-36.53
-26.64
-25.77
-1.41
-22.95
-23.21
-21.17
Total Expenditure (Excl Depreciation)
2,267.10
1,753.55
1,670.31
1,572.21
1,337.07
1,198.28
1,030.83
Operating Profit (PBDIT) excl Other Income
2010.3
852.2
940.3
683.4000000000001
872.3000000000001
1201.2
502.59999999999997
Other Income
-381.60
17.92
-20.68
2.06
42.22
-28.12
51.79
Operating Profit (PBDIT)
2,207.11
1,351.33
1,455.72
1,181.58
1,385.74
1,568.78
883.62
Interest
52.68
47.74
18.79
14.11
14.79
21.20
35.23
Exceptional Items
-172.54
-1,227.48
-488.32
9.78
-7.42
214.55
123.67
Gross Profit (PBDT)
2,138.95
967.46
1,052.76
786.64
963.56
1,285.35
597.71
Depreciation
615.97
503.33
543.07
499.72
475.03
404.39
333.46
Profit Before Tax
1,365.93
-427.23
405.53
677.53
888.50
1,357.75
638.60
Tax
768.65
434.87
376.22
317.51
332.74
485.57
230.26
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
561.58
-862.93
13.63
329.20
526.65
842.42
380.02
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
561.58
-862.93
13.63
329.20
526.65
842.42
380.02
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
34.64
4.44
42.50
44.07
51.10
59.49
29.80
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
596.22
-858.49
56.13
373.27
577.75
901.91
409.82
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Reserves
4,925.88
4,290.24
5,024.37
4,075.86
3,612.98
3,276.75
2,580.85
Earnings per share (EPS)
0.39
-0.66
0.01
0.31
0.5
0.8
0.38
Diluted Earnings per share
0.39
-0.66
0.01
0.31
0.5
0.8
0.38
Operating Profit Margin (Excl OI)
46.12%
31.86%
35.75%
30.14%
39.31%
49.7%
32.5%
Gross Profit Margin
46.33%
2.92%
36.34%
52.19%
61.71%
73.44%
63.39%
PAT Margin
13.13%
-33.12%
0.52%
14.6%
23.84%
35.11%
24.78%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Dec 2025 is 64.16% vs -0.19% in Dec 2024
Consolidate Net Profit
YoY Growth in year ended Dec 2025 is 169.45% vs -1,630.30% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Dec 2025 is 94.14% vs -9.69% in Dec 2024
Interest
YoY Growth in year ended Dec 2025 is 10.48% vs 153.72% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Dec 2025 has improved from Dec 2024
Compare Annual Results Of B2Gold Corp. With
Figures in Million
Consolidate Annual Results
Change(CAD)
Change(%)
Net Sales
4,277.43
2,527.42
1,750.01
69.24%
Other Operating Income
0.00
0.00
0.00
Total Operating income
4,277.43
2,527.42
1,750.01
69.24%
Raw Material Cost
2,138.49
1,181.27
957.22
81.03%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
312.66
0.00
312.66
Power Cost
0
0
0.00
Manufacturing Expenses
52.68
1.40
51.28
3,662.86%
Selling and Distribution Expenses
128.61
131.76
-3.15
-2.39%
Other Expenses
-36.53
-0.14
-36.39
-25,992.86%
Total Expenditure (Excl Depreciation)
2,267.10
1,313.03
954.07
72.66%
Operating Profit (PBDIT) excl Other Income
2,010.34
1,214.38
795.96
65.54%
Other Income
-381.60
322.91
-704.51
-218.18%
Operating Profit (PBDIT)
2,207.11
1,843.72
363.39
19.71%
Interest
52.68
1.40
51.28
3,662.86%
Exceptional Items
-172.54
-13.27
-159.27
-1,200.23%
Gross Profit (PBDT)
2,138.95
1,346.15
792.80
58.89%
Depreciation
615.97
306.43
309.54
101.01%
Profit Before Tax
1,365.93
1,522.63
-156.70
-10.29%
Tax
768.65
284.91
483.74
169.79%
Provisions and contingencies
0
0
0.00
Profit After Tax
561.58
1,237.72
-676.14
-54.63%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
561.58
1,237.72
-676.14
-54.63%
Share in Profit of Associates
0
0
0.00
Minority Interest
34.64
0.00
34.64
Other related items
0.00
0.00
0.00
Consolidated Net Profit
596.22
1,237.72
-641.50
-51.83%
Equity Capital
0
0
0.00
Face Value
0.00
0.00
0.00
Reserves
4,925.88
6,094.08
-1,168.20
-19.17%
Earnings per share (EPS)
0.39
2.93
-2.54
-86.69%
Diluted Earnings per share
0.39
2.93
-2.54
-86.69%
Operating Profit Margin (Excl OI)
46.12%
48.05%
0.00
-1.93%
Gross Profit Margin
46.33%
72.37%
0.00
-26.04%
PAT Margin
13.13%
48.97%
0.00
-35.84%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 427.74 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 64.16% vs -0.19% in Dec 2024
Annual - Consolidate Net Profit
Consolidate Net Profit 59.62 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 169.45% vs -1,630.30% in Dec 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 258.87 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 94.14% vs -9.69% in Dec 2024
Annual - Interest
Interest 5.27 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 10.48% vs 153.72% in Dec 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 46.12%
in Dec 2025Figures in %
YoY Growth in year ended Dec 2025 has improved from Dec 2024






