Teck Resources (TECK) financial statements

Basic Materials · Other Industrial Metals & Mining · Market cap $29.6B

Teck Resources reported revenue of 10.8B CAD in fiscal 2025, up 1.6% a year over 9 years.

Net income was 1.4B CAD and the operating margin 20.9%, against 18.5% in 2016.

Free cash flow was -359M CAD, and the company returned 246M CAD in dividends and 1.0B CAD in net buybacks.

The diluted share count fell 15% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions (CAD).

-5051015202016201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in CAD, from Teck Resources's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue9.3B CAD11.9B CAD12.6B CAD11.9B CAD8.9B CAD12.8B CAD17.3B CAD6.5B CAD9.1B CAD10.8B CAD
Cost of revenue6.9B CAD7.3B CAD7.9B CAD8.6B CAD7.6B CAD7.6B CAD8.7B CAD5.4B CAD7.5B CAD8.1B CAD
Gross profit2.4B CAD4.6B CAD4.6B CAD3.3B CAD1.3B CAD5.2B CAD8.6B CAD1.1B CAD1.6B CAD2.7B CAD
Research and development30M CAD55M CAD35M CAD67M CAD97M CAD129M CAD157M CAD117M CAD50M CAD35M CAD
Selling, general and admin99M CAD116M CAD142M CAD161M CAD132M CAD172M CAD236M CAD296M CAD275M CAD269M CAD
Operating income1.7B CAD4.3B CAD4.8B CAD-150M CAD-910M CAD5.0B CAD7.0B CAD222M CAD-9M CAD2.2B CAD
Interest expense354M CAD229M CAD252M CAD266M CAD278M CAD190M CAD203M CAD160M CAD953M CAD912M CAD
Pre-tax income1.6B CAD3.9B CAD4.5B CAD-468M CAD-1.1B CAD4.5B CAD5.6B CAD3.9B CAD1.9B CAD1.7B CAD
Income tax587M CAD1.4B CAD1.4B CAD120M CAD-192M CAD1.5B CAD2.5B CAD237M CAD205M CAD584M CAD
Net income1.0B CAD2.5B CAD3.1B CAD-605M CAD-864M CAD2.9B CAD3.3B CAD2.4B CAD406M CAD1.4B CAD
EPS (diluted)1.78 CAD4.19 CAD5.34 CAD-1.08 CAD-1.62 CAD5.31 CAD6.19 CAD4.59 CAD0.78 CAD2.83 CAD
Diluted shares583M586M582M560M534M540M536M525M520M495M
Gross margin25.8%38.3%36.8%28.0%14.9%40.8%49.5%17.2%17.7%24.7%
Operating margin18.5%35.9%38.1%-1.3%-10.2%39.0%40.3%3.4%-0.1%20.9%
Net margin11.2%20.7%24.7%-5.1%-9.7%22.5%19.2%37.2%4.5%13.0%

Balance sheet

Fiscal years, in CAD, from Teck Resources's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments1.4B CAD952M CAD1.7B CAD1.0B CAD450M CAD1.4B CAD1.9B CAD744M CAD7.6B CAD5.0B CAD
Receivables1.6B CAD1.4B CAD1.2B CAD1.1B CAD1.3B CAD2.0B CAD1.5B CAD2.1B CAD1.7B CAD2.6B CAD
Inventory1.7B CAD1.7B CAD2.1B CAD2.0B CAD1.9B CAD2.4B CAD2.7B CAD2.9B CAD2.6B CAD2.7B CAD
Total current assets4.8B CAD4.7B CAD5.3B CAD4.5B CAD4.0B CAD6.1B CAD8.3B CAD6.5B CAD12.6B CAD11.2B CAD
Property, plant and equipment27.6B CAD29.0B CAD31.1B CAD31.4B CAD33.6B CAD37.4B CAD40.1B CAD45.6B CAD30.6B CAD29.7B CAD
Goodwill1.1B CAD1.1B CAD1.1B CAD1.1B CAD1.1B CAD1.1B CAD1.1B CAD1.1B CAD442M CAD421M CAD
Total assets35.6B CAD37.0B CAD39.6B CAD39.4B CAD41.3B CAD47.4B CAD52.4B CAD56.2B CAD47.0B CAD45.4B CAD
Total current liabilities2.2B CAD2.6B CAD2.5B CAD2.8B CAD3.2B CAD3.8B CAD5.9B CAD5.9B CAD4.4B CAD4.4B CAD
Long-term debt8.2B CAD6.3B CAD5.2B CAD4.1B CAD6.1B CAD7.2B CAD6.6B CAD6.0B CAD4.1B CAD3.5B CAD
Total liabilities18.0B CAD17.0B CAD16.6B CAD17.3B CAD20.6B CAD23.6B CAD25.8B CAD27.9B CAD19.9B CAD19.4B CAD
Shareholders' equity17.4B CAD19.9B CAD22.9B CAD21.3B CAD20.0B CAD23.0B CAD25.5B CAD27.0B CAD26.1B CAD25.1B CAD
Net debt6.9B CAD5.4B CAD3.4B CAD3.1B CAD5.8B CAD5.9B CAD5.3B CAD5.8B CAD-3.1B CAD-1.1B CAD

Cash flow

Fiscal years, in CAD, from Teck Resources's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow—5.0B CAD4.4B CAD3.5B CAD1.6B CAD4.7B CAD8.0B CAD4.1B CAD2.8B CAD1.5B CAD
Capital spending1.4B CAD1.6B CAD1.9B CAD2.8B CAD3.1B CAD4.0B CAD4.4B CAD3.9B CAD2.3B CAD1.8B CAD
Free cash flow—3.4B CAD2.5B CAD696M CAD-1.6B CAD772M CAD3.6B CAD199M CAD528M CAD-359M CAD
Dividends paid58M CAD344M CAD172M CAD111M CAD106M CAD106M CAD532M CAD515M CAD514M CAD246M CAD
Share buybacks (net)—-175M CAD-189M CAD-661M CAD-207M CAD0 CAD-1.4B CAD-250M CAD-1.2B CAD-1.0B CAD
Net borrowing-993M CAD-1.9B CAD-1.4B CAD-835M CAD2.0B CAD1.5B CAD-754M CAD-480M CAD-2.5B CAD-425M CAD
Free cash flow margin—28.8%20.2%5.8%-17.5%6.0%20.6%3.1%5.8%-3.3%
Dividends per share0.10 CAD0.59 CAD0.30 CAD0.20 CAD0.20 CAD0.20 CAD0.99 CAD0.98 CAD0.99 CAD0.50 CAD
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Questions

What was Teck Resources's revenue in 2025?

10.8B CAD in fiscal 2025, from its 10-K filing.

How much free cash flow does Teck Resources generate?

-359M CAD in fiscal 2025 (operating cash flow minus capital spending).

From Teck Resources's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.