Financials Eldorado Gold Corporation

Equities

Market Closed - Toronto S.E. Other stock markets 01:30:00 08/07/2025 am IST			5-day change	1st Jan Change
28.49 ^CAD	+0.49%		+4.55%	+33.26%

27/06	Investor Interest in Gold Equities Remains Healthy, RBC Capital Markets Says	MT
04/06	RBC Capital Adjusts Eldorado Gold Price Target to $27 From $23, Maintains Outperform Rating	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,027	940.9	872	1,008	1,323	1,605	2,333	2,597
Change	-	-8.35%	-7.33%	15.66%	31.15%	21.34%	45.4%	11.28%
EBITDA ¹	526.7	436.3	310.8	453.1	679.7	820.2	1,273	1,441
Change	-	-17.16%	-28.76%	45.79%	50.01%	20.67%	55.16%	13.25%
EBIT ¹	280.1	233.4	68.4	188.8	424.7	673.9	1,126	809
Change	-	-16.66%	-70.69%	176.02%	124.95%	58.67%	67.09%	-28.15%
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	511	887.5	1,120
Change	-	-14.41%	-92.15%	1,277.91%	166.52%	17.36%	73.68%	26.25%
Net income ¹	104.5	-136	-353.8	104.6	289.1	395.4	575	688
Change	-	-230.11%	-160.13%	129.57%	176.33%	36.75%	45.44%	19.65%
Announcement Date	25/02/21	24/02/22	23/02/23	22/02/24	20/02/25	-	-	-

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	409.5	427.9	478.2
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%	15.28%	4.49%	11.76%
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	256.7	255.2	297.4
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%	57.47%	-0.59%	16.54%
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	190.8	189.3	230.5
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%	58.06%	-0.79%	21.77%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	67.37	-	16.2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	45.6	-	-	-	-	-	-	-	-	-	-	21.32	0.885	-7.998	92.42	33.6	55.48	94.97	-	72.4	120	118.9	149.6
Change	-	-	-	-	-	-	-	-	-	-	-	-	-95.85%	-1,003.73%	1,255.58%	-63.64%	65.09%	71.18%	-	-	65.78%	-0.94%	25.85%
Announcement Date	30/07/20	29/10/20	25/02/21	29/04/21	29/07/21	28/10/21	24/02/22	28/04/22	28/07/22	27/10/22	23/02/23	27/04/23	27/07/23	26/10/23	22/02/24	25/04/24	25/07/24	31/10/24	20/02/25	01/05/25	-	-	-

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	226	-115	-870
Change	-	-82.85%	2,447.39%	-55.53%	-33.79%	256.91%	-150.88%	-656.52%
Announcement Date	25/02/21	24/02/22	23/02/23	22/02/24	20/02/25	-	-	-

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	880.3	593	359.5
Change	-	47.76%	2.75%	41.8%	44.56%	48.16%	-32.64%	-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	25/02/21	24/02/22	23/02/23	22/02/24	20/02/25	-	-	-

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%	51.11%	54.54%	55.5%
EBIT Margin (%)	27.28%	24.81%	7.84%	18.72%	32.11%	41.99%	48.25%	31.16%
EBT Margin (%)	17.19%	16.06%	1.36%	16.2%	32.92%	31.84%	38.03%	43.15%
Net margin (%)	10.18%	-14.46%	-40.58%	10.37%	21.86%	24.64%	24.64%	26.5%
FCF margin (%)	22.86%	8.9%	-9.04%	-2.75%	0.51%	-20.19%	17.78%	29.13%
FCF / Net Income (%)	224.5%	-61.59%	22.29%	-26.47%	2.35%	-81.96%	72.16%	109.93%
Profitability
ROA	-	-	-7.54%	-	5.34%	6.3%	9.3%	9%
ROE	4.86%	3.31%	-10.45%	3.11%	7.8%	9.8%	13.3%	12.2%
Financial Health
Leverage (Debt/EBITDA)	0.09x	0.02x	0.69x	0.21x	0.09x	0.27x	-	-
Debt / Free cash flow	0.21x	0.1x	-2.72x	-3.45x	9.31x	-0.7x	-	-
Capital Intensity
CAPEX / Current Assets (%)	18.59%	29.98%	33.24%	40.75%	44.92%	54.85%	25.41%	13.85%
CAPEX / EBITDA (%)	36.25%	64.65%	93.26%	90.71%	87.41%	107.33%	46.6%	24.95%
CAPEX / FCF (%)	81.34%	336.74%	-367.57%	-1,484.09%	8,737.38%	-271.68%	142.92%	47.54%
Items per share
Cash flow per share ¹	2.23	2.06	1.305	2.136	3.092	3.085	4.931	5.146
Change	-	-7.64%	-36.63%	63.59%	44.78%	-0.22%	59.84%	4.36%
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	1.895	2.817	3.37
Change	-	-225%	-157.33%	127.98%	161.11%	34.4%	48.64%	19.64%
Nbr of stocks (in thousands)	1,74,234	1,82,391	1,84,416	2,03,706	2,04,147	2,05,125	2,05,125	2,05,125
Announcement Date	25/02/21	24/02/22	23/02/23	22/02/24	20/02/25	-	-	-