For fiscal 2025 (ended Dec 31, 2025), Caledonia Mining Corporation Plc reported $267.66M of revenue and $55.22M of net income.
CMCL revenue was $267.66M for fiscal 2025 (ended Dec 31, 2025), up 46.2% from fiscal 2024. Compound annual growth was +21.8% over 5 years and +18.5% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.
CMCL net income was $55.22M for fiscal 2025 (ended Dec 31, 2025), up 208.5% from fiscal 2024. Compound annual growth was +24.0% over 5 years and +27.7% over 10 years. Fiscal 2025 is the highest of the 11 fiscal years on file.
CMCL diluted EPS was $2.83 for fiscal 2025 (ended Dec 31, 2025), up 211.0% from fiscal 2024.
CMCL free cash flow was $43.78M for fiscal 2025 (ended Dec 31, 2025), up 202.4% from fiscal 2024. Compound annual growth was +49.4% over 5 years. Fiscal 2025 is the highest of the 11 fiscal years on file.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $267.66M | $183.02M | $146.31M | $142.08M | $121.33M | $100.00M | $75.83M | $68.40M | $69.76M | $61.99M |
| Cost of revenue | - | $80.74M | $82.71M | $63.00M | $53.13M | $43.71M | $36.40M | $39.31M | $36.18M | $32.09M |
| Gross profit | $137.12M | $76.99M | $41.48M | $61.82M | $54.07M | $46.66M | $31.14M | $21.59M | $26.32M | $23.49M |
| Selling, general and admin | $20.48M | $15.66M | $17.43M | $11.94M | $9.09M | $8.00M | $5.64M | $6.46M | $5.91M | $7.26M |
| Operating income | $109.62M | $43.67M | $10.96M | $30.19M | $36.15M | $35.88M | $36.81M | $21.42M | $20.62M | $18.98M |
| Interest expense | $3.51M | $3.16M | $3.02M | $657.0K | $375.0K | $367.0K | $344.0K | $273.0K | $69.0K | $192.0K |
| Pre-tax income | $106.57M | $40.54M | $7.97M | $29.55M | $35.78M | $35.58M | $36.61M | $21.20M | $20.59M | $18.80M |
| Income tax | $39.06M | $17.49M | $12.81M | $14.36M | $13.80M | $12.53M | $10.93M | $7.45M | $8.69M | $7.72M |
| Net income | $55.22M | $17.90M | -$7.86M | $11.24M | $17.40M | $18.86M | $21.30M | $10.77M | $9.38M | $8.53M |
| EPS, basic | $2.83 | $0.91 | -$0.44 | $0.85 | $1.40 | $1.57 | $1.94 | $0.99 | $0.86 | $0.79 |
| EPS, diluted | $2.83 | $0.91 | -$0.44 | $0.85 | $1.40 | $1.57 | $1.94 | $0.99 | $0.86 | $0.79 |
| Diluted shares | 19.3M | 19.2M | 18.6M | 12.8M | 12.2M | 11.7M | 10.7M | 10.6M | 10.6M | 10.5M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $35.74M | $4.26M | $6.71M | $6.74M | $17.15M | $19.09M | $9.38M | $11.19M | $13.07M | $14.34M |
| Receivables | $11.87M | $12.68M | $9.95M | $9.19M | $7.94M | $4.96M | $6.91M | $6.39M | $4.96M | $3.42M |
| Inventory | $26.83M | $23.77M | $20.30M | $18.33M | $20.81M | $16.80M | $11.09M | $9.43M | $9.18M | $7.22M |
| Current assets | $94.94M | $61.32M | $54.23M | $38.43M | $52.93M | $44.59M | $29.84M | $28.17M | $27.91M | $25.79M |
| Total assets | $411.89M | $348.36M | $328.30M | $235.19M | $210.88M | $177.92M | $143.55M | $125.69M | $110.06M | $90.71M |
| Current liabilities | $60.35M | $45.40M | $40.13M | $32.44M | $17.69M | $9.96M | $9.88M | $12.20M | $15.60M | $9.83M |
| Short-term debt | - | - | $665.0K | $7.10M | $0 | $408.0K | $529.0K | - | $1.49M | $1.41M |
| Long-term debt | - | - | $0 | $0 | $0 | $0 | $1.94M | $5.96M | - | $1.58M |
| Total debt | $31.42M | $24.77M | $665.0K | $7.10M | $0 | $408.0K | $2.47M | $5.96M | $1.49M | $2.99M |
| Total liabilities | $128.35M | $113.90M | $104.10M | $77.50M | $58.41M | $46.81M | $43.55M | $46.88M | $40.84M | $31.39M |
| Shareholders' equity | $259.00M | $213.88M | $224.20M | $157.69M | $137.65M | $118.88M | $87.70M | $78.81M | $69.21M | $59.32M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $76.23M | $41.95M | $14.77M | $42.62M | $30.90M | $30.96M | $18.06M | $17.67M | $24.51M | $23.01M |
| Capital expenditures | $32.45M | $27.48M | $28.56M | $41.49M | $32.11M | $25.08M | $19.85M | $20.19M | $21.64M | $19.89M |
| Free cash flow | $43.78M | $14.48M | -$13.79M | $1.12M | -$1.21M | $5.88M | -$1.79M | -$2.52M | $2.87M | $3.13M |
| Investing cash flow | -$24.53M | -$32.05M | -$31.16M | -$44.33M | -$35.72M | -$28.00M | -$19.02M | -$20.19M | -$21.64M | -$19.88M |
| Financing cash flow | -$19.15M | -$7.80M | $3.93M | -$12.75M | $2.16M | $7.33M | -$1.23M | $943.0K | -$4.71M | $366.0K |
| Dividends paid | $19.92M | $12.30M | $11.10M | $8.91M | $8.07M | $4.54M | $3.40M | $3.50M | $3.31M | $2.99M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 46.2% | 25.1% | 3.0% | 17.1% | 21.3% | 31.9% | 10.9% | -2.0% | 12.5% | 26.6% |
| Net income growth, YoY | 208.5% | - | - | -35.4% | -7.8% | -11.5% | 97.9% | 14.7% | 10.1% | 78.4% |
| EPS growth, YoY | 211.0% | - | - | -39.3% | -10.8% | -19.1% | 96.0% | 15.1% | 8.9% | 75.6% |
| Gross margin | 51.2% | 42.1% | 28.4% | 43.5% | 44.6% | 46.7% | 41.1% | 31.6% | 37.7% | 37.9% |
| Operating margin | 41.0% | 23.9% | 7.5% | 21.2% | 29.8% | 35.9% | 48.5% | 31.3% | 29.6% | 30.6% |
| Net margin | 20.6% | 9.8% | -5.4% | 7.9% | 14.3% | 18.9% | 28.1% | 15.7% | 13.5% | 13.8% |
| Free cash flow margin | 16.4% | 7.9% | -9.4% | 0.8% | -1.0% | 5.9% | -2.4% | -3.7% | 4.1% | 5.0% |
| Return on equity | 21.3% | 8.4% | -3.5% | 7.1% | 12.6% | 15.9% | 24.3% | 13.7% | 13.6% | 14.4% |
| Return on assets | 13.4% | 5.1% | -2.4% | 4.8% | 8.2% | 10.6% | 14.8% | 8.6% | 8.5% | 9.4% |
| Current ratio | 1.57 | 1.35 | 1.35 | 1.18 | 2.99 | 4.47 | 3.02 | 2.31 | 1.79 | 2.62 |
| Debt to equity | 0.12 | 0.12 | 0.00 | 0.05 | 0.00 | 0.00 | 0.03 | 0.08 | 0.02 | 0.05 |
| Line item | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.52M | $46.87M | $50.11M | $38.53M | $38.66M | $41.19M | $37.03M | $29.43M | $34.18M | $35.84M | $36.99M | $35.07M |
| Cost of revenue | $20.24M | $21.09M | $20.46M | $18.96M | $21.68M | $20.45M | $20.73M | $19.85M | $18.34M | $15.80M | $14.50M | $14.36M |
| Gross profit | $20.93M | $19.31M | $22.93M | $13.81M | $10.56M | $14.14M | $10.93M | $5.85M | $11.36M | $15.57M | $18.00M | $16.89M |
| Selling, general and admin | $5.43M | $3.95M | $3.66M | $2.61M | $5.42M | $2.89M | $3.18M | $5.94M | $3.87M | $2.79M | $2.91M | $2.37M |
| Operating income | $13.51M | $8.71M | $16.13M | $5.33M | $2.32M | $9.21M | $921.0K | -$1.50M | -$6.75M | $12.39M | $14.25M | $10.29M |
| Interest expense | $797.0K | $831.0K | $797.0K | $732.0K | $662.0K | $529.0K | $1.06M | $772.0K | $347.0K | $16.0K | $177.0K | $117.0K |
| Pre-tax income | $12.72M | $7.88M | $15.33M | $4.60M | $1.67M | $8.70M | -$136.0K | -$2.27M | -$7.09M | $12.38M | $14.07M | $10.18M |
| Income tax | $5.21M | $4.60M | $5.15M | $2.53M | $4.26M | $3.78M | $2.40M | $2.38M | -$684.0K | $4.46M | $5.82M | $4.77M |
| Net income | $5.87M | $2.26M | $8.28M | $1.49M | -$3.40M | $3.82M | -$2.93M | -$5.36M | -$6.36M | $6.64M | $6.93M | $4.03M |
| EPS, basic | - | $0.13 | $0.42 | $0.07 | -$0.19 | $0.21 | -$0.14 | -$0.32 | -$0.50 | $0.51 | $0.54 | $0.30 |
| EPS, diluted | - | $0.13 | $0.42 | $0.07 | -$0.19 | $0.21 | -$0.14 | -$0.32 | -$0.50 | $0.51 | $0.54 | $0.30 |
| Line item | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.26M | $7.20M | $15.41M | $1.83M | $6.71M | $10.78M | $12.79M | $19.02M | $6.74M | $8.26M | $10.86M | $15.29M |
| Receivables | $12.68M | $9.65M | $7.88M | $7.56M | $9.95M | $5.75M | $8.56M | $9.96M | $9.19M | $8.81M | $7.75M | $10.21M |
| Inventory | $23.77M | $22.73M | $20.40M | $20.54M | $20.30M | $18.83M | $18.45M | $18.48M | $18.33M | $19.68M | $20.54M | $20.30M |
| Current assets | $61.32M | $59.86M | $62.76M | $47.47M | $54.23M | $54.52M | $44.60M | $50.90M | $38.43M | $40.67M | $42.84M | $50.23M |
| Total assets | $348.36M | $339.66M | $338.50M | $321.78M | $328.30M | $320.34M | $313.89M | $319.97M | $235.19M | $228.65M | $222.20M | $218.29M |
| Current liabilities | $45.40M | $41.49M | $41.25M | $38.15M | $40.13M | $35.77M | $36.93M | $47.22M | $32.44M | $17.25M | $17.15M | $18.70M |
| Short-term debt | - | - | - | - | $665.0K | - | - | - | $7.10M | - | - | - |
| Long-term debt | - | $1.77M | $2.03M | $0 | $0 | $0 | $771.0K | $0 | $0 | - | - | - |
| Total debt | $24.77M | $1.77M | $2.03M | $0 | $665.0K | $0 | $771.0K | $0 | $7.10M | - | - | - |
| Total liabilities | $113.90M | $108.70M | $107.43M | $101.50M | $104.10M | $93.69M | $89.64M | $96.56M | $77.50M | $61.67M | $59.83M | $60.63M |
| Shareholders' equity | $213.88M | $211.26M | $210.89M | $201.99M | $224.20M | $209.00M | $207.71M | $207.26M | $157.69M | $149.99M | $145.75M | $141.47M |
| Line item | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 22.9% | 13.8% | 35.3% | 30.9% | 13.1% | 14.9% | 0.1% | -16.1% | 6.4% | 7.0% | 23.4% | 36.4% |
| Net income growth, YoY | - | -40.8% | - | - | - | -42.5% | - | - | - | -4.2% | 134.5% | -19.0% |
| EPS growth, YoY | - | -38.1% | - | - | - | -58.8% | - | - | - | -8.9% | 125.0% | -26.8% |
| Gross margin | 44.0% | 41.2% | 45.8% | 35.9% | 27.3% | 34.3% | 29.5% | 19.9% | 33.2% | 43.4% | 48.7% | 48.2% |
| Operating margin | 28.4% | 18.6% | 32.2% | 13.8% | 6.0% | 22.4% | 2.5% | -5.1% | -19.7% | 34.6% | 38.5% | 29.4% |
| Net margin | 12.3% | 4.8% | 16.5% | 3.9% | -8.8% | 9.3% | -7.9% | -18.2% | -18.6% | 18.5% | 18.7% | 11.5% |
| Current ratio | 1.35 | 1.44 | 1.52 | 1.24 | 1.35 | 1.52 | 1.21 | 1.08 | 1.18 | 2.36 | 2.50 | 2.69 |
| Debt to equity | 0.12 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | - | - | - |
Source: XBRL data Caledonia Mining Corporation Plc files with the SEC, latest filing dated Apr 23, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| CMCL | $267.66M | +46.2% | $55.22M | 20.6% | $411.8M |
| NEM | $26.61B | +23.7% | $9.24B | 34.7% | $125.65B |
| AEM | $11.91B | +43.7% | $4.46B | 37.5% | $96.85B |
| B | $16.96B | +31.2% | $4.99B | 29.4% | $66.76B |
| WPM | $2.31B | +80.2% | $1.47B | 63.6% | $61.91B |
| FNV | $1.82B | +63.7% | $1.11B | 61.0% | $49.17B |
| AU | $9.89B | +70.8% | $3.17B | 32.1% | $47.03B |
| GFI | $8.75B | +68.2% | $3.57B | 40.8% | $35.06B |
| KGC | $7.05B | +36.9% | $2.39B | 33.9% | $26.21B |