KGC Q4 2025 Earnings Report — Kinross Gold Corporation Revenue & Financial Results | Market Cap Arena

Kinross Gold CorporationKGC

Q4 2025 Earnings

Reported February 18, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2025	Q3 2025	Q4 2024	QoQ Change	YoY Change
Revenue	$2.1B	$1.8B	—	15.3%	—
Op. Income	$985M	$763M	—	29.2%	—
Gross Margin	52.4%	47.4%	—	5.0pp	—
Net Margin	44.8%	32.5%	—	12.4pp	—
EPS (Diluted)	$0.76	$0.47	—	61.7%	—
Free Cash Flow	$819M	$675M	—	21.4%	—

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$977M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$69M
Other Expenses	$23M
Operating Expenses	$92M
Cost & Expenses	$1.1B
OPERATING INCOME	$985M
Interest Income	$16M
Interest Expense	$21M
Other Income/Expenses	$129M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$188M
Net Income from Continuing Ops	$927M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$920M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$920M
D&A	$284M
EBIT	$985M
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$977M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$69M
Other Expenses	$23M
Operating Expenses	$92M
Cost & Expenses	$1.1B
OPERATING INCOME	$985M
Interest Income	$16M
Interest Expense	$21M
Other Income/Expenses	$129M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$188M
Net Income from Continuing Ops	$927M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$920M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$920M
D&A	$284M
EBIT	$985M
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$920M
Depreciation & Amortization	$284M
Stock-Based Compensation	$0
Deferred Income Tax	-$60M
Other Non-Cash Items	$511M
Change in Working Capital	-$452M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$384M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$99M
NET CASH FROM INVESTING	-$322M
Net Debt Issuance	-$510M
Common Stock Repurchased	-$273M
Common Dividends Paid	-$44M
Other Financing Activities	-$20M
NET CASH FROM FINANCING	-$848M
FREE CASH FLOW	$819M
Net Change in Cash	$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$0
Net Receivables	$84M
Inventory	$1.4B
Other Current Assets	$36M
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$8.3B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$231M
Tax Assets	$25M
Other Non-Current Assets	$575M
TOTAL NON-CURRENT ASSETS	$9.1B
TOTAL ASSETS	$12.4B
Account Payables	$583M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$141M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$757M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$537M
Other Non-Current Liabilities	$999M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.7B
Common Stock	$4.4B
Additional Paid-In Capital	$10.1B
Retained Earnings	-$5.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$299.5K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.6B
Minority Interest	$118M
TOTAL EQUITY	$8.7B
TOTAL LIABILITIES & EQUITY	$12.4B
Total Debt	$777M
Net Debt	-$975M