NYSEAMERICAN : CMCL
Caledonia Mining Corporation Plc — Financial statements
Materials · Gold · Jersey
Last price 20.25 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 391.54M
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Financial statements
Caledonia Mining Corporation Plc (CMCL) reported revenue of 271.75M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 271.75M | 254.14M | 173.75M | 138.68M | 134.96M | 115.25M |
| Cost of Revenue | 108.18M | 101.19M | 80.56M | 82.27M | 62.52M | 52.52M |
| Gross Profit | 163.57M | 152.95M | 93.20M | 56.41M | 72.44M | 62.72M |
| Selling, General & Admin | 22.14M | 20.48M | 15.66M | 17.43M | 11.94M | 9.09M |
| Other Operating Expenses | -5.74M | 11.06M | 5.41M | 4.46M | 3.55M | 3.00M |
| Operating Expenses | 33.73M | 48.82M | 38.91M | 37.91M | 27.36M | 24.75M |
| Operating Income | 129.84M | 104.14M | 54.29M | 18.50M | 45.08M | 37.97M |
| Interest Expense | -6.71M | -3.26M | -2.96M | -2.92M | -525.00K | -375.00K |
| Interest & Investment Income | 2.50M | 461.00K | 682.00K | 39.00K | 17.00K | 14.00K |
| Currency Exchange Gain (Loss) | -2.91M | -3.31M | -9.72M | -6.77M | -5.68M | 1.18M |
| Other Non Operating Income (Expenses) | -941.00K | |||||
| EBT Excluding Unusual Items | 121.79M | 98.03M | 42.29M | 8.85M | 38.90M | 38.79M |
| Merger & Restructuring Charges | -830.00K | |||||
| Gain (Loss) on Sale of Assets | 8.54M | -32.00K | ||||
| Asset Writedown | -1.71M | -877.00K | -8.21M | -498.00K | ||
| Other Unusual Items | -311.00K | -297.00K | ||||
| Pretax Income | 121.79M | 106.57M | 40.54M | 7.97M | 29.55M | 38.00M |
| Income Tax Expense | 40.10M | 39.06M | 17.49M | 12.81M | 14.36M | 14.86M |
| Earnings From Continuing Operations | 81.69M | 67.51M | 23.05M | -4.84M | 15.19M | 23.14M |
| Minority Interest in Earnings | -16.21M | -12.29M | -5.16M | -3.02M | -3.95M | -4.74M |
| Net Income | 65.48M | 55.22M | 17.90M | -7.86M | 11.24M | 18.41M |
| Preferred Dividends & Other Adjustments | 686.00K | 686.00K | 389.00K | 262.00K | 363.00K | 326.00K |
| Net Income to Common | 64.79M | 54.53M | 17.51M | -8.12M | 10.88M | 18.08M |
| Shares Outstanding (Basic) | 18.66M | 19.28M | 19.20M | 18.63M | 12.83M | 12.17M |
| Shares Outstanding (Diluted) | 18.66M | 19.28M | 19.20M | 18.63M | 12.84M | 12.18M |
| EPS (Basic) | 3.47 | 2.83 | 0.91 | -0.44 | 0.85 | 1.49 |
| EPS (Diluted) | 3.47 | 2.83 | 0.91 | -0.44 | 0.85 | 1.49 |
| Free Cash Flow | 49.87M | 40.15M | 10.64M | -15.62M | -1.48M | -6.93M |
| Free Cash Flow Per Share | 2.67 | 2.08 | 0.55 | -0.84 | -0.12 | -0.57 |
| Dividend Per Share | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | 0.50 |
| Gross Margin | 60.19% | 60.18% | 53.64% | 40.68% | 53.68% | 54.42% |
| Operating Margin | 47.78% | 40.98% | 31.24% | 13.34% | 33.41% | 32.95% |
| Profit Margin | 23.84% | 21.46% | 10.08% | -5.86% | 8.06% | 15.69% |
| Free Cash Flow Margin | 18.35% | 15.80% | 6.12% | -11.27% | -1.09% | -6.01% |
| EBITDA | 146.20M | 120.24M | 70.56M | 32.86M | 55.55M | 49.74M |
| EBITDA Margin | 53.80% | 47.31% | 40.61% | 23.69% | 41.16% | 43.16% |
| D&A For EBITDA | 16.36M | 16.10M | 16.28M | 14.36M | 10.47M | 11.77M |
| EBIT | 129.84M | 104.14M | 54.29M | 18.50M | 45.08M | 37.97M |
| EBIT Margin | 47.78% | 40.98% | 31.24% | 13.34% | 33.41% | 32.95% |
| Effective Tax Rate | 32.93% | 36.65% | 43.14% | 160.73% | 48.60% | 39.10% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 171.78M | 35.74M | 4.26M | 6.71M | 6.74M | 17.15M |
| Short-Term Investments | 5.00M | |||||
| Cash & Short-Term Investments | 171.78M | 40.74M | 4.26M | 6.71M | 6.74M | 17.15M |
| Accounts Receivable | 1.73M | 7.72M | 4.09M | 5.40M | 9.19M | 4.53M |
| Other Receivables | 5.25M | 3.87M | 8.52M | 5.38M | 40.00K | 3.26M |
| Receivables | 6.98M | 11.59M | 12.61M | 10.78M | 9.22M | 7.79M |
| Inventory | 27.92M | 26.83M | 23.77M | 20.30M | 18.33M | 20.81M |
| Prepaid Expenses | 392.00K | 548.00K | 308.00K | 265.00K | 3.69M | 661.00K |
| Other Current Assets | 19.39M | 15.23M | 20.37M | 16.17M | 440.00K | 6.52M |
| Total Current Assets | 226.46M | 94.94M | 61.32M | 54.23M | 38.43M | 52.93M |
| Property, Plant & Equipment | 321.41M | 309.46M | 286.78M | 273.92M | 196.56M | 157.75M |
| Long-Term Deferred Tax Assets | 323.00K | 230.00K | 264.00K | 153.00K | 202.00K | 194.00K |
| Other Long-Term Assets | 14.28M | 7.27M | ||||
| Total Assets | 562.47M | 411.89M | 348.36M | 328.30M | 235.19M | 210.88M |
| Accounts Payable | 7.37M | 7.21M | 8.04M | 6.17M | 17.45M | 2.50M |
| Accrued Expenses | 17.68M | 18.71M | 15.80M | 13.52M | 1.19M | 8.76M |
| Short-Term Debt | 4.01M | 11.90M | 12.93M | 17.74M | 12.34M | 887.00K |
| Current Portion of Long-Term Debt | 3.43M | 14.47M | 2.03M | 665.00K | ||
| Current Portion of Leases | 270.00K | 268.00K | 95.00K | 167.00K | 132.00K | 134.00K |
| Current Income Taxes Payable | 3.57M | 351.00K | 2.96M | 10.00K | 1.32M | 1.56M |
| Other Current Liabilities | 3.17M | 7.45M | 3.55M | 1.87M | 3.84M | |
| Total Current Liabilities | 39.50M | 60.35M | 45.40M | 40.13M | 32.44M | 17.69M |
| Long-Term Debt | 108.48M | 5.05M | 9.81M | 6.45M | ||
| Long-Term Leases | 665.00K | 911.00K | 199.00K | 41.00K | 181.00K | 331.00K |
| Long-Term Deferred Tax Liabilities | 51.68M | 51.02M | 48.42M | 46.12M | 40.89M | 8.03M |
| Other Long-Term Liabilities | 38.55M | 11.02M | 10.07M | 11.36M | 3.99M | 4.27M |
| Total Liabilities | 238.87M | 128.35M | 113.90M | 104.10M | 77.50M | 30.32M |
| Common Stock | 166.87M | 166.33M | 165.41M | 165.07M | 83.47M | 82.67M |
| Additional Paid-In Capital | 132.59M | 132.59M | 132.59M | 132.59M | 132.59M | 132.59M |
| Retained Earnings | -11.36M | -45.59M | -90.00M | -97.14M | -80.53M | -59.15M |
| Comprehensive Income & Other | 5.83M | 5.66M | 5.87M | 5.23M | 5.21M | 5.19M |
| Total Common Equity | 293.94M | 259.00M | 213.88M | 205.74M | 140.74M | 161.30M |
| Minority Interest | 29.66M | 24.55M | 20.59M | 18.46M | 16.95M | 19.26M |
| Shareholders' Equity | 323.60M | 283.55M | 234.46M | 224.20M | 157.69M | 180.56M |
| Total Liabilities & Equity | 562.47M | 411.89M | 348.36M | 328.30M | 235.19M | 210.88M |
| Total Debt | 116.86M | 32.60M | 25.06M | 25.06M | 12.66M | 1.35M |
| Net Cash (Debt) | 54.92M | 8.14M | -20.80M | -18.35M | -5.92M | 15.80M |
| Net Cash Per Share | 2.94 | 0.42 | -1.08 | -0.98 | -0.46 | 1.30 |
| Filing Date Shares Outstanding | 19.34M | 19.31M | 19.21M | 19.19M | 17.28M | 12.83M |
| Total Common Shares Outstanding | 19.34M | 19.30M | 19.21M | 19.19M | 12.83M | 12.76M |
| Working Capital | 186.97M | 34.58M | 15.92M | 14.10M | 5.99M | 35.24M |
| Book Value Per Share | 15.20 | 13.42 | 11.13 | 10.72 | 10.97 | 12.64 |
| Tangible Book Value | 293.94M | 259.00M | 213.88M | 205.74M | 140.74M | 161.30M |
| Tangible Book Value Per Share | 15.20 | 13.42 | 11.13 | 10.72 | 10.97 | 12.64 |
| Land | 19.64M | 19.24M | 16.87M | 16.69M | 15.19M | 14.44M |
| Machinery | 99.08M | 91.58M | 75.93M | 76.91M | 89.50M | 70.77M |
| Construction In Progress | 7.63M | 12.87M | 31.26M | 35.63M | 46.45M | 35.48M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 65.48M | 55.22M | 17.90M | -7.86M | 11.24M | 18.41M |
| Depreciation & Amortization | 16.66M | 16.40M | 16.41M | 14.49M | 10.61M | 11.88M |
| Loss (Gain) From Sale of Assets | -20.00K | -8.54M | 32.00K | 33.00K | ||
| Asset Writedown & Restructuring Costs | 1.71M | 877.00K | 8.21M | 459.00K | ||
| Stock-Based Compensation | 770.00K | 1.62M | 816.00K | 68.00K | 478.00K | 749.00K |
| Other Operating Activities | 21.23M | 33.71M | 15.12M | 9.31M | 10.22M | 10.40M |
| Change in Accounts Receivable | -9.91M | -10.35M | -5.61M | -1.91M | -1.56M | -4.75M |
| Change in Inventory | 457.00K | -4.12M | -3.78M | -2.18M | 1.92M | -4.02M |
| Change in Accounts Payable | -8.68M | -3.46M | 3.07M | 1.61M | 2.88M | 2.04M |
| Change in Other Net Operating Assets | -3.21M | -4.25M | -3.72M | 338.00K | -1.38M | -4.27M |
| Operating Cash Flow | 82.77M | 76.23M | 41.95M | 14.77M | 42.62M | 30.90M |
| Capital Expenditures | -32.90M | -36.08M | -31.31M | -30.39M | -44.09M | -37.83M |
| Sale of Property, Plant & Equipment | 22.00K | 17.00K | 500.00K | |||
| Divestitures | 340.00K | |||||
| Investment in Securities | 18.00M | -5.00M | ||||
| Other Investing Activities | -27.45M | 16.54M | -743.00K | -768.00K | -238.00K | 1.27M |
| Investing Cash Flow | -42.33M | -24.53M | -32.05M | -31.16M | -44.33M | -35.72M |
| Long-Term Debt Issued | 2.50M | 5.00M | 7.00M | |||
| Long-Term Debt Repaid | -1.72M | -508.00K | -7.43M | -150.00K | -490.00K | |
| Lease Payments | -259.00K | -244.00K | -182.00K | -184.00K | -150.00K | -129.00K |
| Net Debt Issued (Repaid) | 141.82M | 783.00K | 4.49M | -434.00K | -150.00K | -490.00K |
| Issuance of Common Stock | 95.00K | 95.00K | 37.00K | 15.57M | 7.97M | |
| Common Dividends Paid | -22.58M | -19.92M | -12.30M | -11.10M | -8.91M | -6.07M |
| Other Financing Activities | -174.00K | -113.00K | -30.00K | -105.00K | -3.70M | 751.00K |
| Financing Cash Flow | 119.16M | -19.15M | -7.80M | 3.93M | -12.75M | 2.16M |
| Foreign Exchange Rate Adjustments | -42.00K | -44.00K | 267.00K | -67.00K | -302.00K | -179.00K |
| Net Cash Flow | 159.56M | 32.51M | 2.36M | -12.53M | -14.77M | -2.83M |
| Free Cash Flow | 49.87M | 40.15M | 10.64M | -15.62M | -1.48M | -6.93M |
| Free Cash Flow Margin | 18.35% | 15.80% | 6.12% | -11.27% | -1.09% | -6.01% |
| Free Cash Flow Per Share | 2.67 | 2.08 | 0.55 | -0.84 | -0.12 | -0.57 |
| Levered Free Cash Flow | 50.24M | 51.22M | 17.23M | -20.34M | 2.23M | -4.39M |
| Unlevered Free Cash Flow | 54.44M | 53.26M | 19.08M | -18.51M | 2.56M | -4.16M |
| Free Cash Flow After Leases | 49.61M | 39.91M | 10.46M | -15.81M | -1.62M | -7.05M |
| Cash Interest Paid | 3.06M | 3.07M | 2.86M | 2.46M | 192.00K | 388.00K |
| Cash Income Tax Paid | 31.41M | 26.57M | 10.64M | 9.21M | 6.87M | 7.43M |
| Change in Working Capital | -21.35M | -22.18M | -10.03M | -2.15M | 1.86M | -10.99M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 396.37M | 505.21M | 180.81M | 234.09M | 159.13M | 148.74M |
| Enterprise Value | 341.45M | 519.78M | 225.29M | 268.20M | 175.99M | 154.81M |
| Last Close Price | 20.25 | 25.71 | 8.97 | 11.06 | 10.77 | 9.67 |
| PE Ratio | 5.90 | 9.26 | 10.33 | 14.63 | 8.23 | |
| Forward PE | 4.72 | 8.22 | 6.84 | 9.70 | 5.04 | 4.68 |
| PS Ratio | 1.46 | 1.99 | 1.04 | 1.69 | 1.18 | 1.29 |
| PB Ratio | 1.33 | 1.78 | 0.77 | 1.04 | 1.01 | 0.82 |
| P/TBV Ratio | 1.35 | 1.95 | 0.84 | 1.14 | 1.13 | 0.92 |
| P/FCF Ratio | 7.93 | 12.58 | 16.99 | |||
| P/OCF Ratio | 4.78 | 6.63 | 4.31 | 15.85 | 3.73 | 4.81 |
| EV/Sales Ratio | 1.25 | 2.04 | 1.30 | 1.93 | 1.30 | 1.34 |
| EV/EBITDA Ratio | 2.33 | 4.32 | 3.19 | 8.16 | 3.17 | 3.11 |
| EV/EBIT Ratio | 2.62 | 4.99 | 4.15 | 14.50 | 3.90 | 4.08 |
| EV/FCF Ratio | 6.83 | 12.95 | 21.17 | |||
| Debt / Equity Ratio | 0.36 | 0.12 | 0.11 | 0.11 | 0.08 | 0.01 |
| Debt / EBITDA Ratio | 0.80 | 0.27 | 0.35 | 0.76 | 0.23 | 0.03 |
| Debt / FCF Ratio | 2.34 | 0.81 | 2.35 | |||
| Net Debt / Equity Ratio | -0.17 | -0.03 | 0.09 | 0.08 | 0.04 | -0.09 |
| Net Debt / EBITDA Ratio | -0.38 | -0.07 | 0.29 | 0.56 | 0.11 | -0.32 |
| Net Debt / FCF Ratio | -1.10 | -0.20 | 1.96 | -1.18 | -4.01 | 2.28 |
| Asset Turnover | 0.57 | 0.67 | 0.51 | 0.49 | 0.60 | 0.59 |
| Inventory Turnover | 3.77 | 4.00 | 3.66 | 4.26 | 3.19 | 2.79 |
| Quick Ratio | 4.53 | 0.87 | 0.37 | 0.44 | 0.49 | 1.41 |
| Current Ratio | 5.73 | 1.57 | 1.35 | 1.35 | 1.19 | 2.99 |
| Return on Equity (ROE) | 27.91% | 26.07% | 10.05% | -2.54% | 8.98% | 13.67% |
| Return on Assets (ROA) | 17.05% | 17.12% | 10.03% | 4.10% | 12.63% | 12.21% |
| Return on Invested Capital (ROIC) | 33.89% | 24.86% | 12.40% | -5.53% | 14.12% | 15.20% |
| Return on Capital Employed (ROCE) | 24.80% | 29.60% | 17.90% | 6.40% | 22.20% | 19.70% |
| Earnings Yield | 16.94% | 10.93% | 9.90% | -3.36% | 7.06% | 12.37% |
| FCF Yield | 12.61% | 7.95% | 5.89% | -6.67% | -0.93% | -4.66% |
| Dividend Yield | 2.73% | 2.14% | 5.95% | 4.59% | 4.52% | 4.29% |
| Payout Ratio | 16.13% | 36.07% | 68.73% | 79.24% | 32.97% | |
| Buyback Yield / Dilution | 3.86% | -0.39% | -3.06% | -45.14% | -5.42% | -3.93% |
| Total Shareholder Return | 6.59% | 1.75% | 2.89% | -40.55% | -0.91% | 0.36% |