Caledonia Mining Corp plc income statement
In fiscal 2025, Caledonia Mining Corp plc reported revenue of $268m, up 46.2% on the year before, operating income of $110m (a 41.0% margin) and net income of $55.2m, or $2.83 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 49 | 62 | 70 | 68 | 76 | 100 | 121 | 142 | 146 | 183 | 268 |
| Cost of revenue | 30 | 32 | 36 | 39 | 36 | 44 | 53 | 63 | 83 | 81 | — |
| Gross profit | 13 | 23 | 26 | 22 | 31 | 47 | 54 | 62 | 41 | 77 | 137 |
| General and administrative | 8 | 7 | 6 | 6 | 6 | 8 | 9 | 12 | 17 | 16 | 20 |
| Operating income | 8 | 19 | 21 | 21 | 37 | 36 | 36 | 30 | 11 | 44 | 110 |
| Interest expense | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Income before tax | 8 | 19 | 21 | 21 | 37 | 36 | 36 | 30 | 8 | 41 | 107 |
| Income tax | 2 | 8 | 9 | 7 | 11 | 13 | 14 | 14 | 13 | 17 | 39 |
| Net income | 5 | 9 | 9 | 11 | 21 | 19 | 17 | 11 | −8 | 18 | 55 |
| Diluted EPS | $0.45 | $0.79 | $0.86 | $0.99 | $1.94 | $1.57 | $1.40 | $0.85 | −$0.44 | $0.91 | $2.83 |
| Diluted shares (average) | 10m | 10m | 11m | 11m | 11m | 12m | 12m | 13m | 19m | 19m | 19m |
| EBITDA | 12 | 22 | 24 | 25 | 41 | 41 | 44 | 40 | 25 | 60 | 125 |
| Quarter | 2022 Q4Dec 2022 | 2023 Q1Mar 2023 | 2023 Q2Jun 2023 | 2023 Q3Sept 2023 | 2023 Q4Dec 2023 | 2024 Q1Mar 2024 | 2024 Q2Jun 2024 | 2024 Q3Sept 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34 | 29 | 37 | 41 | 39 | 39 | 50 | 47 |
| Cost of revenue | 18 | 20 | 21 | 20 | 22 | 19 | 20 | 21 |
| Gross profit | 11 | 6 | 11 | 14 | 11 | 14 | 23 | 19 |
| General and administrative | 4 | 6 | 3 | 3 | 5 | 3 | 4 | 4 |
| Operating income | −7 | −1 | 1 | 9 | 2 | 5 | 16 | 9 |
| Income before tax | −7 | −2 | −0 | 9 | 2 | 5 | 15 | 8 |
| Income tax | −1 | 2 | 2 | 4 | 4 | 3 | 5 | 5 |
| Net income | −6 | −5 | −3 | 4 | −3 | 1 | 8 | 2 |
| Diluted EPS | −$0.50 | −$0.32 | −$0.14 | $0.21 | −$0.19 | $0.07 | $0.42 | $0.13 |
| EBITDA | −4 | 1 | 4 | 14 | 7 | 9 | 20 | 13 |
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