Kinross Gold (KGC) financial statements
Kinross Gold reported revenue of $7.1B in fiscal 2025, up 9.9% a year over 8 years.
Net income was $2.4B.
Free cash flow was $2.6B, and the company returned $152M in dividends and $600M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Kinross Gold's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $3.3B | $3.2B | $3.5B | $4.2B | $2.6B | $3.5B | $4.2B | $5.1B | $7.1B |
| Cost of revenue | $3.0B | $2.6B | $2.6B | $2.1B | $1.9B | $2.1B | $2.9B | $3.1B | $3.3B | $3.3B |
| Gross profit | $494M | $705M | $580M | $1.3B | $2.3B | $541M | $515M | $1.2B | $1.9B | $3.7B |
| Selling, general and admin | $144M | $133M | $133M | $136M | $118M | $114M | $130M | $109M | $126M | $140M |
| Operating income | $46M | $336M | $200M | $991M | $1.9B | $72M | $118M | $801M | $1.5B | $3.3B |
| Interest expense | $100M | $86M | $72M | $77M | $90M | $72M | $68M | $69M | $50M | $82M |
| Pre-tax income | -$60M | $419M | $113M | $964M | $1.8B | $84M | $107M | $709M | $1.5B | $3.2B |
| Income tax | $50M | -$23M | $139M | $247M | $440M | $115M | $76M | $293M | $487M | $725M |
| Net income | -$104M | $445M | -$24M | $719M | $1.3B | $221M | -$605M | $416M | $949M | $2.4B |
| EPS (diluted) | -$0.08 | $0.35 | -$0.02 | $0.57 | $1.06 | $0.17 | -$0.47 | $0.34 | $0.77 | $1.95 |
| Diluted shares | 1.23B | 1.26B | 1.25B | 1.26B | 1.27B | 1.26B | 1.29B | 1.24B | 1.23B | 1.22B |
| Gross margin | — | 21.3% | 18.0% | 38.6% | 54.5% | 20.8% | 14.9% | 27.4% | 36.5% | 52.7% |
| Operating margin | — | 10.2% | 6.2% | 28.3% | 45.1% | 2.8% | 3.4% | 18.9% | 29.9% | 46.5% |
| Net margin | — | 13.5% | -0.7% | 20.5% | 31.9% | 8.5% | -17.5% | 9.8% | 18.4% | 33.9% |
Balance sheet
Fiscal years, from Kinross Gold's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $827M | $1.0B | $349M | $575M | $1.2B | $532M | $418M | $352M | $612M | $1.7B |
| Receivables | $127M | $91M | $101M | $137M | $116M | $214M | $318M | $58M | $53M | $30M |
| Inventory | $987M | $1.1B | $1.1B | $1.1B | $1.1B | $1.2B | $1.1B | $1.2B | $1.2B | $1.4B |
| Total current assets | $2.1B | $2.3B | $1.6B | $1.8B | $2.4B | $1.9B | $1.9B | $1.8B | $2.1B | $3.3B |
| Property, plant and equipment | $4.9B | $4.9B | $5.5B | $6.3B | $7.7B | $7.6B | $7.7B | $8.0B | $8.0B | $8.3B |
| Goodwill | $163M | $163M | $163M | $159M | $159M | $159M | — | — | — | — |
| Total assets | $8.0B | $8.2B | $8.1B | $9.1B | $10.9B | $10.4B | $10.4B | $10.5B | $10.9B | $12.4B |
| Total current liabilities | $638M | $585M | $612M | $616M | $1.3B | $741M | $752M | $686M | $1.1B | $1.4B |
| Long-term debt | $1.7B | $1.7B | $1.7B | $1.8B | $1.4B | $1.6B | $2.6B | $2.2B | $1.2B | $738M |
| Total liabilities | $3.8B | $3.5B | $3.5B | $3.7B | $4.3B | $3.8B | $4.5B | $4.4B | $3.9B | $3.7B |
| Shareholders' equity | $4.1B | $4.6B | $4.5B | $5.3B | $6.6B | $6.6B | $5.8B | $6.1B | $6.9B | $8.6B |
| Net debt | $906M | $707M | $1.4B | $1.3B | $213M | $1.1B | $2.1B | $1.9B | $624M | -$1.0B |
Cash flow
Fiscal years, from Kinross Gold's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.1B | $952M | $789M | $1.2B | $2.0B | $1.1B | — | $1.6B | $2.4B | $3.8B |
| Capital spending | $634M | $898M | $1.0B | $1.1B | $916M | $822M | $764M | $1.1B | $1.1B | $1.2B |
| Free cash flow | $465M | $54M | -$255M | $165M | $1.0B | $314M | — | $507M | $1.4B | $2.6B |
| Stock-based compensation | $14M | $14M | $15M | $14M | $14M | $11M | $9M | $7M | $9M | $13M |
| Dividends paid | — | — | — | — | $76M | $151M | $154M | $147M | $148M | $152M |
| Share buybacks (net) | — | — | — | — | — | -$100M | -$301M | — | — | -$600M |
| Net borrowing | -$250M | -$5M | $0 | $100M | $100M | -$300M | $958M | -$372M | -$800M | -$700M |
| Free cash flow margin | — | 1.6% | -7.9% | 4.7% | 24.7% | 12.1% | — | 12.0% | 26.6% | 36.4% |
| Dividends per share | — | — | — | — | $0.06 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 |
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Open KGC in InvestinglyQuestions
What was Kinross Gold's revenue in 2025?
$7.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Kinross Gold generate?
$2.6B in fiscal 2025 (operating cash flow minus capital spending).
From Kinross Gold's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.