Financials Eldorado Gold Corporation

Equities

Market Closed - Toronto S.E. Other stock markets 16:00:00 2025-06-20 EDT			5-day change	1st Jan Change
28.59 ^CAD	-0.21%		-1.95%	+33.72%

06-04	RBC Capital Adjusts Eldorado Gold Price Target to $27 From $23, Maintains Outperform Rating	MT
06-04	Eldorado Gold Corporation Appoints Hussein Barma to the Board	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,027	940.9	872	1,008	1,323	1,604	2,315	2,551
Change	-	-8.35%	-7.33%	15.66%	31.15%	21.3%	44.27%	10.21%
EBITDA ¹	526.7	436.3	310.8	453.1	679.7	802.1	1,285	1,432
Change	-	-17.16%	-28.76%	45.79%	50.01%	18.01%	60.14%	11.52%
EBIT ¹	280.1	233.4	68.4	188.8	424.7	655.8	1,128	810
Change	-	-16.66%	-70.69%	176.02%	124.95%	54.41%	72.01%	-28.19%
Interest Paid ¹	-50.94	-71.81	29.82	-32.84	-23.05	-47.5	-38.1	-45.95
Earnings before Tax (EBT) ¹	176.5	151.1	11.86	163.4	435.4	499	925.1	1,082
Change	-	-14.41%	-92.15%	1,277.91%	166.52%	14.61%	85.4%	16.96%
Net income ¹	104.5	-136	-353.8	104.6	289.1	367.3	605.9	694
Change	-	-230.11%	-160.13%	129.57%	176.33%	27.05%	64.95%	14.54%
Announcement Date	2/25/21	2/24/22	2/23/23	2/22/24	2/20/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	255.9	287.6	278.5	224.6	233.2	238.4	244.6	194.7	213.4	217.7	246.2	229.4	229.9	245.3	306.9	258	297.1	331.8	435.7	355.2	401.9	440.9	499.3
Change	-	12.39%	-3.16%	-19.35%	3.83%	2.24%	2.58%	-20.41%	9.62%	2.01%	13.09%	-6.84%	0.22%	6.7%	25.14%	-15.94%	15.19%	11.65%	31.33%	-18.47%	13.12%	9.73%	13.23%
EBITDA ¹	130.5	156.4	146.7	107.1	99.98	106.4	123.6	58.4	87.3	73.5	93.2	101.6	104.1	106.7	142.6	118.6	155.3	164.9	244.6	163	243.6	264.8	308.4
Change	-	19.85%	-6.24%	-26.98%	-6.65%	6.42%	16.17%	-52.75%	49.49%	-15.81%	26.8%	9.01%	2.46%	2.5%	33.65%	-16.83%	30.94%	6.18%	48.33%	-33.36%	49.47%	8.7%	16.46%
EBIT ¹	75.99	90.88	76.26	49.4	48.94	62.65	76.5	7.2	33.6	8.6	26.6	39.2	39.2	42.9	70.1	63.3	90.45	99.96	170.2	120.7	171.1	192.3	234.9
Change	-	19.58%	-16.08%	-35.22%	-0.92%	28%	22.11%	-90.59%	366.67%	-74.4%	209.3%	47.37%	0%	9.44%	63.4%	-9.7%	42.9%	10.51%	70.27%	-29.08%	41.76%	12.39%	22.15%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	67.37	-	16.2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	45.6	-	-	-	-	-	-	-	-	-	-	21.32	0.885	-7.998	92.42	33.6	55.48	94.97	-	72.4	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-95.85%	-1,003.73%	1,255.58%	-63.64%	65.09%	71.18%	-	-	-	-	-
Announcement Date	7/30/20	10/29/20	2/25/21	4/29/21	7/29/21	10/28/21	2/24/22	4/28/22	7/28/22	10/27/22	2/23/23	4/27/23	7/27/23	10/26/23	2/22/24	4/25/24	7/25/24	10/31/24	2/20/25	5/1/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	49.2	8.44	215	95.6	63.3	236	-235	-996
Change	-	-82.85%	2,447.39%	-55.53%	-33.79%	272.7%	-199.58%	-323.83%
Announcement Date	2/25/21	2/24/22	2/23/23	2/22/24	2/20/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	190.9	282.1	289.9	411	594.1	880.6	593	359.5
Change	-	47.76%	2.75%	41.8%	44.56%	48.21%	-32.66%	-39.37%
Free Cash Flow (FCF) ¹	234.7	83.77	-78.86	-27.69	6.8	-324	414.9	756.3
Change	-	-64.31%	-194.13%	64.88%	124.55%	-4,865%	228.05%	82.28%
Announcement Date	2/25/21	2/24/22	2/23/23	2/22/24	2/20/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	51.3%	46.37%	35.64%	44.93%	51.39%	50%	55.5%	56.16%
EBIT Margin (%)	27.28%	24.81%	7.84%	18.72%	32.11%	40.88%	48.73%	31.75%
EBT Margin (%)	17.19%	16.06%	1.36%	16.2%	32.92%	31.1%	39.97%	42.42%
Net margin (%)	10.18%	-14.46%	-40.58%	10.37%	21.86%	22.9%	26.18%	27.21%
FCF margin (%)	22.86%	8.9%	-9.04%	-2.75%	0.51%	-20.2%	17.93%	29.65%
FCF / Net Income (%)	224.5%	-61.59%	22.29%	-26.47%	2.35%	-88.21%	68.47%	108.97%
Profitability
ROA	-	-	-7.54%	-	5.34%	6%	9.4%	9%
ROE	4.86%	3.31%	-10.45%	3.11%	7.8%	8.78%	13.8%	12.45%
Financial Health
Leverage (Debt/EBITDA)	0.09x	0.02x	0.69x	0.21x	0.09x	0.29x	-	-
Debt / Free cash flow	0.21x	0.1x	-2.72x	-3.45x	9.31x	-0.73x	-	-
Capital Intensity
CAPEX / Current Assets (%)	18.59%	29.98%	33.24%	40.75%	44.92%	54.89%	25.62%	14.09%
CAPEX / EBITDA (%)	36.25%	64.65%	93.26%	90.71%	87.41%	109.77%	46.16%	25.1%
CAPEX / FCF (%)	81.34%	336.74%	-367.57%	-1,484.09%	8,737.38%	-271.76%	142.92%	47.54%
Items per share
Cash flow per share ¹	2.23	2.06	1.305	2.136	3.092	3.058	4.815	5.225
Change	-	-7.64%	-36.63%	63.59%	44.78%	-1.09%	57.45%	8.52%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	21.14	19.8	17.43	-	-	-	-	-
Change	-	-6.32%	-12%	-	-	-	-	-
EPS ¹	0.6	-0.75	-1.93	0.54	1.41	1.855	2.965	3.392
Change	-	-225%	-157.33%	127.98%	161.11%	31.56%	59.84%	14.42%
Nbr of stocks (in thousands)	174,234	182,391	184,416	203,706	204,147	205,125	205,125	205,125
Announcement Date	2/25/21	2/24/22	2/23/23	2/22/24	2/20/25	-	-	-