FRES FINANCIAL STATEMENTS

Fresnillo PLC — balance sheet, income statement and cash flow trends

FRESFresnillo PLC

🇬🇧 UK · LSE · Basic Materials · Other Precious Metals & Mining

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q2 2025 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue4.5 B $+67.5%

Gross Profit2.5 B $+403.9%

Operating Income2.2 B $+1,864.6%

EBITDA2.6 B $+291.8%

Net Income1.4 B $+493.7%

Peer Comparison· Other Precious Metals & Mining

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
FRES	29.6%	55.6%	56.3%	30.7%
ZIM	35.7%	40.6%	33.2%	13.0%
PPTA	-100.0%	—	—	—
HL	57.0%	50.9%	53.7%	17.4%
Industry median	32.7%	50.9%	53.7%	17.4%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
FRES	29.6%	55.6%	56.3%	30.7%
ANTO	—	48.9%	60.9%	15.4%
AAL	-32.0%	50.6%	33.0%	-20.2%
EDV	40.5%	51.0%	58.8%	18.9%
GLEN	7.4%	2.3%	3.9%	0.1%
RIO	7.7%	27.1%	36.6%	17.3%
Industry median	32.7%	50.9%	53.7%	17.4%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q2 2025

Equity4.6 B $68%
Current Liabilities933.1 M $14%
Long-term Liabilities1.3 B $19%

Key Figures

YoY change

Total Assets7.3 B $+26.9%

Total Liabilities2.2 B $+32.0%

Total Equity4.6 B $+22.9%

Cash & ST Investments2.8 B $+415.8%

Total Debt851.3 M $-10.3%

Net Debt-1.8 B $-537.6%

Peer Comparison· Other Precious Metals & Mining

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
FRES	4.35	18.4%	-0.75	63.6%
ZIM	2.64	3.6%	-0.14	70.4%
PPTA	188.73	0.4%	4.49	95.5%
HL	4.94	10.4%	-0.40	76.1%
Industry median	4.64	7.0%	-0.27	73.3%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
FRES	4.35	18.4%	-0.75	63.6%
ANTO	2.90	74.6%	0.53	39.3%
AAL	1.98	86.1%	1.48	32.1%
EDV	1.61	22.8%	-0.14	53.5%
GLEN	1.06	106.7%	3.98	27.3%
RIO	1.44	37.8%	0.66	48.6%
Industry median	4.64	7.0%	-0.27	73.3%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q2 2025 · TTM

Key Figures

YoY change

Operating Cash Flow2.3 B $+438.2%

Capital Expenditures396.1 M $-18.1%

Free Cash Flow1.9 B $—

Dividends Paid-638.6 M $-689.4%

Peer Comparison· Other Precious Metals & Mining

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
FRES	50.6%	41.9%	8.7%	165.1%
ZIM	23.0%	8.0%	13.8%	177.6%
PPTA	—	—	—	74.9%
HL	45.8%	29.7%	16.1%	263.4%
Industry median	45.8%	29.7%	13.8%	171.3%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
FRES	50.6%	41.9%	8.7%	165.1%
ANTO	38.4%	-4.4%	42.7%	248.9%
AAL	28.3%	10.5%	17.8%	-140.0%
EDV	42.0%	30.0%	12.0%	222.5%
GLEN	2.4%	0.1%	2.4%	1,630.8%
RIO	29.3%	8.1%	21.1%	169.3%
Industry median	45.8%	29.7%	13.8%	171.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

Go deeper on FRES

Run a DCF valuation

Full DCF model with editable assumptions

Start a head-to-head duel

Compare two stocks metric by metric

Filter in the stock screener

Build your own universe with 400+ metrics

Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.