Filing Flows › Kinross Gold (KGC) › FY2025
Kinross Gold (KGC) FY2025 earnings results (fiscal 2025)
40-F filed Mar 26, 2026
Kinross Gold (KGC) reported revenue of $7.1B for the fiscal 2025 (FY2025), +37% from a year earlier. Operating margin was 46.5%, net earnings $2.4B (33.9% of revenue).
Kinross Gold, FY2025: revenue $7.1B (+37% year over year), operating margin 46.5%, net earnings $2.4B, operating cash flow $3.8B. The chart follows the revenue to costs, profit and cash.
| FY2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1B | — | +37% |
| Gross profit | $3.7B | — | +98% |
| Operating profit | $3.3B | — | +113% |
| Net earnings | $2.4B | — | +152% |
| Operating cash flow | $3.8B | — | +54% |
| Free cash flow | $2.6B | — | +87% |
What changed
Revenue was $7.1B in FY2025, up 37% year over year.
Gross margin was 52.7%, up 16.2 points from FY2024. Operating profit was $3.3B, a 46.5% margin (up 16.6 points year over year). Of the extra revenue versus FY2024, 91% reached operating profit, above the 30% margin then. Operating expenses grew 30% against revenue growth of 37%. The fastest-growing cost line was Other operating costs (+41%). Net earnings were $2.4B, up 152% year over year. The effective tax rate was 22.7%.
Operating cash flow was $3.8B (up 54% year over year), 152% of net income including minority interests. Non-cash charges added back $1.1B of depreciation and amortization and $0.07B of share-based compensation. Capital expenditures of $1.2B left free cash flow of $2.6B.
Questions
What was Kinross Gold's revenue in the fiscal 2025?
Kinross Gold (KGC) reported revenue of $7.1B for the fiscal 2025 (FY2025), +37% from a year earlier.
Was Kinross Gold profitable in the fiscal 2025?
Operating profit was $3.3B (46.5% of revenue) and net earnings $2.4B.
Source: Kinross Gold 40-F on SEC EDGAR.