Financials Fortuna Mining Corp.

Equities

Market Closed - Toronto S.E. Other stock markets 02:30:00 14/02/2026 am IST			5-day change	1st Jan Change
15.06 ^CAD	+6.58%		+0.67%	+11.97%

13/02	Diary - Canada corporate earnings week ahead	RE
12/02	Fortuna Mining Corp. Reports Results from Ongoing Exploration Drilling At the Sunbird Deposit, Located At the Seguela Mine in Cote D'ivoire	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	279	599.9	681.5	842.4	1,062	1,060	-	1,116
Change	-	115.03%	13.61%	23.62%	26.07%	-0.19%	-	-
EBITDA ¹	112.6	280.7	245.5	335.1	476.9	623.1	982.7	695
Change	-	149.29%	-12.54%	36.5%	42.32%	30.66%	57.71%	-29.27%
EBIT	57.2	136.9	-113.6	-0.407	228	-	-	-
Change	-	139.3%	-182.96%	99.64%	56,130.96%	-	-	-
Interest Paid ¹	-1.413	-12.86	-11.35	-21.79	-25.55	-1.2	-5	-5
Earnings before Tax (EBT)	58.96	107.2	-125.1	-	-	-	680.7	509.6
Change	-	81.8%	-216.73%	-	-	-	-	-25.14%
Net income	21.55	57.88	-128.1	-50.84	128.7	-	-	363.5
Change	-	168.53%	-321.39%	60.33%	353.24%	-	-	-
Announcement Date	10/03/21	23/03/22	15/03/23	07/03/24	05/03/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	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	103.5	117.8	120.5	162.6	198.9	182.3	167.9	166.6	164.7	175.7	158.4	243.1	265.3	224.9	260	274.9	302.2	290.1	230.4	-	-
Change	-	13.82%	2.29%	34.94%	22.32%	-8.33%	-7.93%	-0.78%	-1.11%	6.64%	-9.82%	53.47%	9.14%	-15.21%	15.57%	5.74%	9.93%	-4%	-20.57%	-	-
EBITDA ¹	44.8	60.8	54.9	75.3	89.6	80.3	57.9	54.4	55.8	65.3	44.4	104.6	120.3	95.2	112.7	131.3	137.9	150.1	127.7	130.8	153
Change	-	35.71%	-9.7%	37.16%	18.99%	-10.38%	-27.9%	-6.04%	2.57%	17.03%	-32.01%	135.59%	15.01%	-20.86%	18.38%	16.5%	5.03%	8.85%	-14.92%	2.43%	16.97%
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	10/03/21	10/05/21	11/08/21	11/11/21	23/03/22	11/05/22	10/08/22	09/11/22	15/03/23	15/05/23	09/08/23	08/11/23	07/03/24	08/05/24	07/08/24	07/11/24	05/03/25	07/05/25	06/08/25	06/11/25	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	26.7	50.4	139	34.8	-	-	-	-
Change	-	88.76%	175.79%	-74.96%	-	-	-	-
Announcement Date	10/03/21	23/03/22	15/03/23	07/03/24	05/03/25	-	-	-

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	119.1	152.3	251.2	217.3	203.8	192.3	183
Change	-	27.91%	64.97%	-13.5%	-6.23%	-5.62%	-4.85%
Free Cash Flow (FCF) ¹	-25.67	-5.151	-56.99	79.6	161.9	253	464
Change	-	79.94%	-1,006.33%	239.67%	103.4%	56.27%	83.4%
Announcement Date	10/03/21	23/03/22	15/03/23	07/03/24	05/03/25	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	40.36%	46.79%	36.02%	39.78%	44.9%	58.78%	-	62.26%
EBIT Margin (%)	20.5%	22.82%	-16.66%	-0.05%	21.47%	-	-	-
EBT Margin (%)	21.13%	17.87%	-18.36%	-	-	-	-	45.65%
Net margin (%)	7.73%	9.65%	-18.8%	-6.03%	12.12%	-	-	32.57%
FCF margin (%)	-9.2%	-0.86%	-8.36%	9.45%	15.24%	23.87%	-	-
FCF / Net Income (%)	-119.12%	-8.9%	44.48%	-156.57%	125.76%	-	-	-
Profitability
ROA	-	3.76%	-	-	-	-	-	-
ROE	3.17%	5.51%	-	5.85%	9.74%	14.3%	21.7%	-
Financial Health
Leverage (Debt/EBITDA)	0.24x	0.18x	0.56x	0.1x	-	-	-	-
Debt / Free cash flow	-1.04x	-9.78x	-2.43x	0.44x	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	42.68%	25.39%	36.87%	25.8%	19.19%	18.14%	-	-
CAPEX / EBITDA (%)	105.74%	54.25%	102.34%	64.85%	42.73%	30.87%	18.62%	-
CAPEX / FCF (%)	-463.75%	-2,956.49%	-440.87%	273.02%	125.87%	76.02%	39.44%	-
Items per share
Cash flow per share ¹	0.5019	0.5899	0.6669	1.006	1.177	1.525	2.278	1.962
Change	-	17.53%	13.06%	50.88%	16.95%	29.59%	49.34%	-13.84%
Dividend per Share ¹	-	-	-	-	-	0.12	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	0.12	0.23	-0.44	-	-	-	1.57	1.19
Change	-	91.67%	-291.3%	-	-	-	-	-24.2%
Nbr of stocks (in thousands)	1,84,196	2,91,529	2,90,182	3,06,588	3,13,331	3,05,260	3,05,260	3,05,260
Announcement Date	10/03/21	23/03/22	15/03/23	07/03/24	05/03/25	-	-	-