Balance Sheet Fresnillo plc

Equities

FRES

GB00B2QPKJ12

Diversified Mining

Market Closed - London S.E. Other stock markets 11:35:03 2025-07-16 EDT			5-day change	1st Jan Change
1,472.00 ^GBX	+0.14%		+1.59%	+136.85%

07-15	FTSE 100 falls back after passing 9,000 milestone	AN
07-15	Morgan Stanley Downgrades Fresnillo to Underweight, Raises PT	MT

0f0e959033313d1ca1ac016c.14Eb3dMl5RpJC-e_QiI9CjZMPVodUPdjXA4uMQXfPNY.h-Bjs51qlVcKf57VOg9pfQJ9Wx1uGp0iEmZIZW64Wb6cznyvml-KdHBKiA

Published financial data: FRESNILLO PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	2.43B	2.7B	2.43B	2.71B	3.5B
Total Revenues	2.43B	2.7B	2.43B	2.71B	3.5B
Cost of Goods Sold, Total	1.55B	1.76B	1.89B	2.21B	2.25B
Gross Profit	884M	942M	539M	500M	1.24B
Selling General & Admin Expenses, Total	118M	129M	120M	163M	157M
Exploration / Drilling Costs, Total	107M	130M	165M	182M	162M
Other Operating Expenses	-65.56M	21.93M	-269K	-4.03M	191M
Other Operating Expenses, Total	159M	281M	285M	341M	510M
Operating Income	725M	661M	253M	159M	733M
Interest Expense, Total	-69.08M	-49.39M	-63.63M	-61.96M	-45.42M
Interest And Investment Income	12.25M	8.8M	25.46M	50.07M	45.33M
Net Interest Expenses	-56.83M	-40.59M	-38.17M	-11.89M	-92K
Currency Exchange Gains (Loss)	-40.32M	-1.91M	1.35M	2.01M	6.99M
Other Non Operating Income (Expenses)	-11.41M	-766K	-16.99M	-3.76M	-1.55M
EBT, Excl. Unusual Items	616M	618M	200M	145M	738M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-700K	5.03M	-	882K	1M
Asset Writedown	-	-	-11.32M	-23.78M	-1.7M
Insurance Settlements	2.74M	-	-	-	6.3M
Other Unusual Items	-66.81M	-11.07M	60.24M	-8.35M	-
EBT, Incl. Unusual Items	551M	612M	249M	114M	744M
Income Tax Expense	176M	173M	-59.72M	-174M	517M
Earnings From Continuing Operations	376M	438M	308M	288M	227M
Net Income to Company	376M	438M	308M	288M	227M
Minority Interest	-1.46M	-17.29M	-36.39M	-54.39M	-85.77M
Net Income - (IS)	374M	421M	272M	234M	141M
Net Income to Common Incl Extra Items	374M	421M	272M	234M	141M
Net Income to Common Excl. Extra Items	374M	421M	272M	234M	141M
Per Share Items
Net EPS - Basic	0.51	0.57	0.37	0.32	0.19
Basic EPS - Continuing Operations	0.51	0.57	0.37	0.32	0.19
Basic Weighted Average Shares Outstanding	737M	737M	737M	737M	737M
Net EPS - Diluted	0.51	0.57	0.37	0.32	0.19
Diluted EPS - Continuing Operations	0.51	0.57	0.37	0.32	0.19
Diluted Weighted Average Shares Outstanding	737M	737M	737M	737M	737M
Normalized Basic EPS	0.52	0.5	0.12	0.05	0.51
Normalized Diluted EPS	0.52	0.5	0.12	0.05	0.51
Dividend Per Share	0.26	0.34	0.17	0.06	0.32
Payout Ratio	27.98	58.3	74.27	46.32	55.46
Supplemental Items
EBITDA	1.23B	1.19B	750M	651M	1.35B
EBITA	725M	661M	253M	159M	733M
EBIT	725M	661M	253M	159M	733M
EBITDAR	1.24B	1.19B	803M	722M	1.41B
Effective Tax Rate - (Ratio)	31.87	28.3	-24.03	-152.85	69.53
Current Domestic Taxes	208M	277M	133M	-	-
Total Current Taxes	208M	277M	133M	85M	187M
Deferred Domestic Taxes	-67.67M	-120M	-201M	-	-
Total Deferred Taxes	-67.67M	-120M	-201M	-290M	203M
Normalized Net Income	384M	369M	88.39M	36.4M	376M
Interest Capitalized	8.8M	8.4M	8.5M	2.1M	-
Interest on Long-Term Debt	644K	8.9M	9.32M	57.24M	40.06M
Non-Cash Pension Expense	177K	-217K	984K	2.11M	-1.28M
Supplemental Operating Expense Items
Selling and Marketing Expenses	24.11M	25.04M	25.62M	34.02M	46.15M
General and Administrative Expenses	93.41M	104M	94.12M	128M	110M
Exploration/Drilling Costs	107M	130M	165M	182M	162M
Net Rental Expense, Total	3.6M	4M	53.09M	70.32M	62.2M
Imputed Operating Lease Interest Expense	2.19M	1.47M	23.98M	32.36M	25.08M
Imputed Operating Lease Depreciation	1.41M	2.53M	29.11M	37.97M	37.12M
Maintenance & Repair Expenses, Total	175M	199M	253M	303M	293M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.07B	1.24B	969M	535M	1.11B
Short Term Investments	-	-	-	-	187M
Total Cash And Short Term Investments	1.07B	1.24B	969M	535M	1.3B
Accounts Receivable, Total	327M	265M	276M	307M	551M
Other Receivables	186M	136M	129M	176M	123M
Notes Receivable	-	-	-	-	-
Total Receivables	513M	401M	404M	482M	674M
Inventory	352M	396M	496M	463M	412M
Prepaid Expenses	-	20.28M	34.43M	23.18M	13.88M
Other Current Assets, Total	65.94M	35.25M	36.45M	35.88M	44.2M
Total Current Assets	2B	2.09B	1.94B	1.54B	2.44B
Gross Property Plant And Equipment	6.17B	6.63B	7.08B	7.55B	7.81B
Accumulated Depreciation	-3.46B	-3.83B	-4.22B	-4.69B	-5.27B
Net Property Plant And Equipment	2.71B	2.8B	2.86B	2.86B	2.54B
Long-term Investments	213M	165M	159M	108M	140M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	121M	67.3M	344M	665M	467M
Other Long-Term Assets, Total	630M	648M	609M	564M	293M
Total Assets	5.67B	5.77B	5.91B	5.74B	5.88B
Liabilities
Accounts Payable, Total	87.01M	130M	141M	125M	118M
Accrued Expenses, Total	89.55M	84.14M	124M	131M	117M
Short-term Borrowings	64.42M	108M	-	-	-
Current Portion of Long-Term Debt	-	-	327M	72.63M	2.06M
Current Portion of Leases	5.05M	4.68M	5.21M	4.81M	4.31M
Current Income Taxes Payable	88.07M	62.29M	81.24M	21.78M	113M
Other Current Liabilities	5.73M	79.39M	9.53M	17.48M	14.82M
Total Current Liabilities	340M	469M	688M	372M	369M
Long-Term Debt	1.16B	1.16B	937M	862M	840M
Long-Term Leases	7.7M	6.15M	9.92M	9.78M	7.58M
Pension & Other Post Retirement Benefits	11.98M	6.51M	9.46M	13.21M	11.45M
Deferred Tax Liability Non Current	296M	68.74M	111M	133M	209M
Other Non Current Liabilities	246M	257M	242M	280M	234M
Total Liabilities	2.06B	1.96B	2B	1.67B	1.67B
Common Stock, Total	369M	369M	369M	369M	369M
Additional Paid In Capital	1.15B	1.15B	1.15B	1.15B	1.15B
Retained Earnings	2.36B	2.54B	2.61B	2.74B	2.8B
Comprehensive Income and Other	-407M	-447M	-449M	-488M	-468M
Total Common Equity	3.48B	3.62B	3.69B	3.77B	3.86B
Minority Interest	136M	185M	231M	295M	355M
Total Equity	3.61B	3.8B	3.92B	4.07B	4.21B
Total Liabilities And Equity	5.67B	5.77B	5.91B	5.74B	5.88B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	737M	737M	737M	737M	737M
ECS Total Common Shares Outstanding	737M	737M	737M	737M	737M
Book Value / Share	4.72	4.91	5	5.12	5.23
Tangible Book Value	3.48B	3.62B	3.69B	3.77B	3.86B
Tangible Book Value Per Share	4.72	4.91	5	5.12	5.23
Total Debt	1.23B	1.28B	1.28B	949M	853M
Net Debt	163M	41.01M	310M	414M	-444M
Debt Equivalent of Unfunded Proj. Benefit Obligation	11.98M	6.51M	9.46M	13.21M	11.45M
Debt Equivalent Oper. Leases	28.8M	32M	425M	563M	498M
Minority Interest, Total (Incl. Fin. Div)	136M	185M	231M	295M	355M
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	338M	350M	408M	431M	473M
Machinery, Total	2.39B	2.64B	2.82B	3.13B	3.22B
Full Time Employees	5.82K	7.36K	8.07K	7.26K	7.18K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	374M	421M	272M	234M	141M
Depreciation & Amortization - CF	516M	529M	502M	498M	621M
Depreciation & Amortization, Total	516M	529M	502M	498M	621M
(Gain) Loss From Sale Of Asset	667K	-5.04M	305K	-882K	-25.15M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	11.32M	1.92M	1.7M
Other Operating Activities, Total	157M	-108M	-217M	-328M	724M
Change In Accounts Receivable	-61.56M	85.58M	7.2M	-45.6M	-196M
Change In Inventories	-79.47M	-44.6M	-99.56M	54.63M	50.56M
Change In Accounts Payable	10.93M	19.25M	40.28M	1.2M	-28.02M
Change in Other Net Operating Assets	331K	-2.23M	-14.06M	10.4M	10.74M
Cash from Operations	918M	895M	502M	426M	1.3B
Capital Expenditure	-412M	-592M	-592M	-483M	-371M
Sale of Property, Plant, and Equipment	266K	6.04M	1.36M	1.59M	12.56M
Investment in Marketable and Equity Securities, Total	-	-	-	-2.31M	-184M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	45.96M	84.44M	76.59M	115M	76.29M
Cash from Investing	-366M	-502M	-514M	-370M	-465M
Short Term Debt Issued, Total	63.67M	41.66M	-	-	-
Long-Term Debt Issued, Total	828M	-	8.14M	22.73M	-
Total Debt Issued	892M	41.66M	8.14M	22.73M	-
Long-Term Debt Repaid, Total	-549M	-5.97M	-15.13M	-357M	-97.8M
Total Debt Repaid	-549M	-5.97M	-15.13M	-357M	-97.8M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-105M	-246M	-202M	-108M	-78.16M
Common & Preferred Stock Dividends Paid	-105M	-246M	-202M	-108M	-78.16M
Other Financing Activities, Total	-59.84M	-17.45M	-45.16M	-53.3M	-72.32M
Cash from Financing	179M	-227M	-254M	-496M	-248M
Foreign Exchange Rate Adjustments	3.52M	-1.39M	-117K	4.96M	-10.23M
Net Change in Cash	734M	165M	-266M	-434M	576M
Supplemental Items
Cash Interest Paid	59.89M	49.33M	55.31M	62.96M	45.92M
Cash Income Tax Paid (Refund)	114M	350M	158M	233M	94.96M
Levered Free Cash Flow	488M	482M	-90.27M	-18.83M	607M
Unlevered Free Cash Flow	531M	513M	-50.5M	19.9M	636M
Change In Net Working Capital	25.23M	-162M	119M	94.47M	72.63M
Net Debt Issued / Repaid	343M	35.69M	-6.99M	-334M	-97.8M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	8.62	7.22	2.71	1.7	7.89
Return on Total Capital	10.13	8.32	3.08	1.94	9.09
Return On Equity %	10.9	11.82	7.99	7.22	5.48
Return on Common Equity	11.3	11.87	7.45	6.27	3.7
Margin Analysis
Gross Profit Margin %	36.37	34.84	22.14	18.47	35.54
SG&A Margin	4.85	4.77	4.95	6.03	4.48
EBITDA Margin %	50.81	43.84	30.81	24.07	38.57
EBITA Margin %	29.82	24.45	10.42	5.87	20.96
EBIT Margin %	29.82	24.45	10.42	5.87	20.96
Income From Continuing Operations Margin %	15.46	16.22	12.67	10.66	6.48
Net Income Margin %	15.4	15.58	11.18	8.65	4.03
Net Avail. For Common Margin %	15.4	15.58	11.18	8.65	4.03
Normalized Net Income Margin	15.78	13.64	3.63	1.35	10.74
Levered Free Cash Flow Margin	20.08	17.83	-3.71	-0.7	17.37
Unlevered Free Cash Flow Margin	21.86	18.97	-2.08	0.74	18.18
Asset Turnover
Asset Turnover	0.46	0.47	0.42	0.46	0.6
Fixed Assets Turnover	0.88	0.98	0.86	0.95	1.3
Receivables Turnover (Average Receivables)	9.1	9.13	8.99	9.29	8.15
Inventory Turnover (Average Inventory)	4.96	4.71	4.25	4.6	5.15
Short Term Liquidity
Current Ratio	5.89	4.45	2.82	4.14	6.63
Quick Ratio	4.66	3.49	2	2.73	5.35
Operating Cash Flow to Current Liabilities	2.7	1.91	0.73	1.14	3.53
Days Sales Outstanding (Average Receivables)	40.2	39.99	40.6	39.3	44.89
Days Outstanding Inventory (Average Inventory)	73.82	77.47	85.93	79.34	71.08
Average Days Payable Outstanding	21.91	21.98	24.82	22.29	20.06
Cash Conversion Cycle (Average Days)	92.11	95.49	101.71	96.34	95.92
Long Term Solvency
Total Debt/Equity	34.13	33.56	32.64	23.33	20.27
Total Debt / Total Capital	25.45	25.13	24.61	18.92	16.85
LT Debt/Equity	32.21	30.6	24.16	21.43	20.12
Long-Term Debt / Total Capital	24.02	22.91	18.22	17.37	16.73
Total Liabilities / Total Assets	36.27	34.07	33.77	29.11	28.4
EBIT / Interest Expense	10.49	13.38	3.98	2.56	16.14
EBITDA / Interest Expense	17.96	24.1	11.87	10.61	29.81
(EBITDA - Capex) / Interest Expense	11.99	12.11	2.56	2.81	21.65
Total Debt / EBITDA	0.99	1.07	1.69	1.44	0.63
Net Debt / EBITDA	0.13	0.03	0.41	0.63	-0.33
Total Debt / (EBITDA - Capex)	1.49	2.13	7.84	5.46	0.87
Net Debt / (EBITDA - Capex)	0.2	0.07	1.9	2.38	-0.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.64	11.24	-9.99	11.18	29.25
Gross Profit, 1 Yr. Growth %	91.43	4.25	-42.79	-6.25	148.66
EBITDA, 1 Yr. Growth %	72.91	-5.21	-37.36	-10.99	107.09
EBITA, 1 Yr. Growth %	224.32	-10.01	-62.3	-32.53	361.27
EBIT, 1 Yr. Growth %	224.32	-10.01	-62.3	-32.53	361.27
Earnings From Cont. Operations, 1 Yr. Growth %	82.48	16.75	-29.69	-6.48	-21.37
Net Income, 1 Yr. Growth %	83.4	12.59	-35.45	-13.97	-39.75
Normalized Net Income, 1 Yr. Growth %	242.55	-6.98	-76.02	-58.02	932.04
Diluted EPS Before Extra, 1 Yr. Growth %	83.4	12.59	-35.45	-13.97	-39.75
Accounts Receivable, 1 Yr. Growth %	57.9	-18.77	3.91	11.17	79.52
Inventory, 1 Yr. Growth %	29.2	12.68	25.13	-6.61	-10.92
Net Property, Plant and Equip., 1 Yr. Growth %	-3.74	3.36	2.27	-0.06	-11.26
Total Assets, 1 Yr. Growth %	17.41	1.68	2.55	-2.99	2.49
Tangible Book Value, 1 Yr. Growth %	10.63	4	1.87	2.34	2.21
Common Equity, 1 Yr. Growth %	10.63	4	1.87	2.34	2.21
Cash From Operations, 1 Yr. Growth %	110.52	-2.46	-43.9	-15.19	205.17
Capital Expenditures, 1 Yr. Growth %	-26.27	43.59	0.01	-18.36	-23.35
Levered Free Cash Flow, 1 Yr. Growth %	-2.71K	-2.66	-118.46	-81.45	-3.33K
Unlevered Free Cash Flow, 1 Yr. Growth %	2.92K	-4.73	-109.71	-132.24	3.1K
Dividend Per Share, 1 Yr. Growth %	77.93	31.4	-50.74	-66.47	480.36
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.48	12.93	0.06	0.04	19.88
Gross Profit, 2 Yr. CAGR %	6.4	42.81	-22.77	-27.15	52.68
EBITDA, 2 Yr. CAGR %	15.53	28.83	-22.57	-26.23	35.77
EBITA, 2 Yr. CAGR %	18.8	71.99	-41.25	-51.38	76.41
EBIT, 2 Yr. CAGR %	18.8	71.99	-41.25	-51.38	76.41
Earnings From Cont. Operations, 2 Yr. CAGR %	3.59	45.96	-9.4	-18.92	-14.25
Net Income, 2 Yr. CAGR %	3.41	43.69	-14.75	-25.48	-28.01
Normalized Net Income, 2 Yr. CAGR %	13.61	81.46	-52.78	-68.58	108.16
Diluted EPS Before Extra, 2 Yr. CAGR %	3.41	43.69	-14.75	-25.48	-28.01
Accounts Receivable, 2 Yr. CAGR %	23.79	13.25	-8.13	7.48	41.31
Inventory, 2 Yr. CAGR %	20.19	20.66	18.74	8.1	-8.79
Net Property, Plant and Equip., 2 Yr. CAGR %	0.28	-0.26	2.81	1.1	-5.83
Total Assets, 2 Yr. CAGR %	9.21	9.26	2.11	-0.26	-0.29
Tangible Book Value, 2 Yr. CAGR %	6.81	7.26	2.93	2.1	2.28
Common Equity, 2 Yr. CAGR %	6.81	7.26	2.93	2.1	2.28
Cash From Operations, 2 Yr. CAGR %	24.89	43.3	-26.02	-31.02	60.88
Capital Expenditures, 2 Yr. CAGR %	-21.47	2.89	19.84	-9.64	-20.89
Levered Free Cash Flow, 2 Yr. CAGR %	126.98	407.39	-57.3	-80.38	144.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	171.49	439.55	-69.37	-80.44	220.97
Dividend Per Share, 2 Yr. CAGR %	-2.96	52.9	-19.55	-59.36	39.5
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.1	8.71	4.7	3.64	8.96
Gross Profit, 3 Yr. CAGR %	-1.52	6.45	5.28	-17.91	9.69
EBITDA, 3 Yr. CAGR %	2.29	8.6	1.63	-19.54	4.07
EBITA, 3 Yr. CAGR %	-2.67	8.78	4.3	-39.96	2.92
EBIT, 3 Yr. CAGR %	-2.67	8.78	4.3	-39.96	2.92
Earnings From Cont. Operations, 3 Yr. CAGR %	-12.51	7.81	14.42	-8.44	-19.74
Net Income, 3 Yr. CAGR %	-12.61	6.38	10.05	-14.49	-30.58
Normalized Net Income, 3 Yr. CAGR %	-5	7.45	-7.58	-54.88	0.63
Diluted EPS Before Extra, 3 Yr. CAGR %	-12.61	6.38	10.05	-14.49	-30.58
Accounts Receivable, 3 Yr. CAGR %	13.06	7.57	10.05	-2.1	27.55
Inventory, 3 Yr. CAGR %	25.12	17.63	22.13	9.61	1.35
Net Property, Plant and Equip., 3 Yr. CAGR %	3.42	1.29	0.58	1.85	-3.2
Total Assets, 3 Yr. CAGR %	6.18	6.64	6.98	0.38	0.65
Tangible Book Value, 3 Yr. CAGR %	4.93	5.87	5.43	2.73	2.14
Common Equity, 3 Yr. CAGR %	4.93	5.87	5.43	2.73	2.14
Cash From Operations, 3 Yr. CAGR %	6.42	15.01	4.83	-22.58	13.24
Capital Expenditures, 3 Yr. CAGR %	-11.99	-3.98	1.92	5.44	-14.46
Levered Free Cash Flow, 3 Yr. CAGR %	50.02	71.98	68.95	-66.37	7.5
Unlevered Free Cash Flow, 3 Yr. CAGR %	47.09	92.33	42.06	-66.69	6.94
Dividend Per Share, 3 Yr. CAGR %	-13.88	7.35	4.82	-39.9	-1.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	10.97	7.24	3.05	5.16	10.53
Gross Profit, 5 Yr. CAGR %	15.36	1.31	-10.26	-8.54	21.9
EBITDA, 5 Yr. CAGR %	17.24	0.6	-8.26	-6.78	13.56
EBITA, 5 Yr. CAGR %	26.21	-3.84	-20.26	-20.91	26.82
EBIT, 5 Yr. CAGR %	26.21	-3.84	-20.26	-20.91	26.82
Earnings From Cont. Operations, 5 Yr. CAGR %	40.18	0.63	-11.28	-3.8	1.95
Net Income, 5 Yr. CAGR %	39.62	-0.27	-13.47	-7.74	-7.13
Normalized Net Income, 5 Yr. CAGR %	22.68	-4.06	-27.7	-34.29	27.39
Diluted EPS Before Extra, 5 Yr. CAGR %	39.62	-0.27	-13.47	-7.74	-7.13
Accounts Receivable, 5 Yr. CAGR %	23.06	6.96	4.05	7.53	21.62
Inventory, 5 Yr. CAGR %	9.42	16.14	22.53	13.72	8.67
Net Property, Plant and Equip., 5 Yr. CAGR %	4.84	5.12	3.17	1.22	-2.03
Total Assets, 5 Yr. CAGR %	8.01	6.1	4.54	3.82	4.01
Tangible Book Value, 5 Yr. CAGR %	8.22	6.18	4.12	4.34	4.16
Common Equity, 5 Yr. CAGR %	8.22	6.18	4.12	4.34	4.16
Cash From Operations, 5 Yr. CAGR %	11.07	-0.06	-7.99	-6.26	24.42
Capital Expenditures, 5 Yr. CAGR %	-2.78	6.41	-0.42	-6.28	-7.9
Levered Free Cash Flow, 5 Yr. CAGR %	40.72	-1.29	-8.99	-27.61	100.56
Unlevered Free Cash Flow, 5 Yr. CAGR %	36.79	-0.74	-21.27	-22.7	104.88
Dividend Per Share, 5 Yr. CAGR %	36.72	2.41	-16.2	-27.21	17.52