BTG · CIK 0001429937
B2Gold Corp.
Annual figures as reported, FY2015–FY2025. Ratios and growth rates derived on-page.
Gold and Silver Ores
Company profile
Net income
$426.7M
▲ +168.1% vs FY2024
Operating cash flow
$895.8M
▲ +2.1% vs FY2024
Diluted EPS
$0.28
▲ +158.3% vs FY2024
Net income
Losses shown in terracotta
Profitability & returns
quality of earningsReturns on capital
Net income vs year-end equity and assets
Return on equityReturn on assets
Cash flow
cash generationOperating cash flow
Net cash from operations
Shareholder returns
capital allocationCapital returned
Cash paid out as dividends and share repurchases
Dividends paidBuybacks
Diluted shares outstanding
Falling count means buybacks outpace dilution
Balance sheet
financial positionStockholders’ equity
At fiscal year end
Net debt
Long-term debt less cash — negative means net cash
Growth rates
compounding, annualizedNet income CAGR
+14.2%
3y
−8.7%
5y
Diluted EPS CAGR
+5.3%
3y
−13.8%
5y
Share count change (split-adjusted)
+40.2%
5y
Key ratios
derived per fiscal year| Fiscal year | ROE | ROA | Current ratio | Debt / equity | DPS |
|---|---|---|---|---|---|
| FY2025 | 11.7% | 7.3% | 1.06× | 0.16× | $0.02 |
| FY2024 | −20.6% | −13.0% | 1.55× | 0.14× | $0.04 |
| FY2023 | 1.1% | 0.9% | 2.27× | 0.05× | $0.04 |
| FY2022 | 9.2% | 7.8% | 4.43× | 0.02× | $0.04 |
| FY2021 | 15.6% | 12.9% | 4.52× | 0.03× | $0.04 |
| FY2020 | 25.3% | 20.0% | 2.67× | 0.04× | — |
| FY2019 | 15.4% | 11.8% | 2.60× | 0.13× | — |
| FY2018 | 2.7% | 1.8% | 1.75× | 0.29× | — |
| FY2017 | 3.9% | 2.3% | 0.80× | 0.45× | — |
| FY2016 | 2.7% | 1.7% | 1.57× | 0.33× | — |
| FY2015 | — | — | — | — | — |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | — | $1.5B | $1.4B | $426.7M | $0.28 | $895.8M | — | $5.9B | $2.2B | $3.6B | $380.4M | $598.3M |
| FY2024 | — | $706.2M | −$248.3M | −$626.7M | −$0.48 | $877.6M | — | $4.8B | $1.8B | $3.0B | $337.0M | $437.9M |
| FY2023 | — | $780.0M | $327.4M | $41.6M | $0.01 | $714.5M | — | $4.9B | $964.6M | $3.9B | $306.9M | $192.1M |
| FY2022 | — | $604.2M | $502.4M | $286.7M | $0.24 | $595.8M | — | $3.7B | $569.4M | $3.1B | $651.9M | $57.2M |
| FY2021 | — | $768.6M | $713.6M | $460.8M | $0.40 | $724.1M | — | $3.6B | $600.3M | $3.0B | $673.0M | $75.1M |
| FY2020 | — | $958.3M | $1.1B | $672.4M | $0.59 | $950.6M | — | $3.4B | $701.8M | $2.7B | $479.7M | $110.0M |
| FY2019 | — | $450.5M | $508.0M | $315.8M | $0.29 | $492.0M | — | $2.7B | $631.4M | $2.1B | $140.6M | $261.9M |
| FY2018 | — | $380.7M | $286.1M | $45.1M | $0.02 | $450.9M | — | $2.5B | $895.0M | $1.7B | $102.8M | $479.5M |
| FY2017 | — | $150.3M | $86.7M | $61.6M | $0.06 | $155.0M | — | $2.7B | $1.1B | $1.6B | $147.5M | $702.2M |
| FY2016 | — | $210.1M | $126.3M | $38.6M | $0.04 | $411.8M | — | $2.3B | $881.6M | $1.5B | $144.7M | $486.8M |
| FY2015 | — | — | — | — | — | — | — | — | — | $1.3B | $85.1M | — |
Latest filings
the most recent regulatory filingsSDSpecialized disclosure2026-06-11 ↗6-KForeign issuer report2026-06-08 ↗6-KForeign issuer report2026-06-08 ↗6-KForeign issuer report2026-05-26 ↗SCHEDULE 13G/ASEC filing2026-05-15 ↗6-KForeign issuer report2026-05-07 ↗6-KForeign issuer report2026-05-07 ↗6-KForeign issuer report2026-04-28 ↗6-KForeign issuer report2026-04-23 ↗6-KForeign issuer report2026-04-20 ↗
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