Financials Torex Gold Resources Inc.

Equities

Market Closed - Toronto S.E. Other stock markets 01:30:00 12/07/2025 am IST			5-day change	1st Jan Change
43.85 ^CAD	+0.23%		+0.16%	+54.84%

11/07	Torex Gold Maintained at Outperform by National Bank of Canada	MT
10/07	Torex Gold Resources Inc. Announces Production Results for the Second Quarter and Year to Date 2025	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	993.9	1,089	1,176	1,192	1,587	1,720	1,965	2,013
Change	-	9.58%	8.02%	1.34%	33.1%	8.42%	14.24%	2.43%
EBITDA ¹	543.3	624.6	648.2	597.3	768.3	908.7	1,128	1,166
Change	-	14.96%	3.78%	-7.84%	28.63%	18.26%	24.15%	3.36%
EBIT ¹	-	380.4	-	-	582.5	722.5	1,080	1,019
Change	-	-	-	-	-	24.04%	49.53%	-5.67%
Interest Paid ¹	-17.45	-1.018	-7.044	-13.78	-4.694	-14.11	-17.81	-15.07
Earnings before Tax (EBT) ¹	220.5	-	388.1	-	498.9	615.5	1,019	937.2
Change	-	-	-	-	-	23.39%	65.62%	-8.07%
Net income ¹	137.3	193	255.7	276.1	191.5	362.5	523.7	502
Change	-	40.64%	32.48%	7.96%	-30.65%	89.34%	44.47%	-4.15%
Announcement Date	24/02/21	23/02/22	22/02/23	21/02/24	19/02/25	-	-	-

¹CAD 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
Net sales ¹	-	340.2	316.8	279.7	258.4	269	257.1	268.8	302.6	279.9	293.3	305.8	281.7	219.7	381.5	324.5	-	436.8	419.6	-	342.6
Change	-	-	-6.87%	-11.73%	-7.62%	4.11%	-4.43%	4.55%	12.57%	-7.48%	4.77%	4.29%	-7.88%	-22.03%	73.65%	-14.92%	-	-	-3.92%	-	-
EBITDA ¹	65.85	207.2	199.6	175.3	153.2	148.1	133.1	143.2	176.5	144.2	166.5	177.4	140.9	83.97	192.6	155.3	166.4	212.2	219.1	126.5	202
Change	-	214.62%	-3.66%	-12.18%	-12.59%	-3.35%	-10.11%	7.61%	23.22%	-18.32%	15.47%	6.55%	-20.54%	-40.42%	129.39%	-19.35%	7.11%	27.53%	3.26%	-42.26%	59.67%
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	05/08/20	03/11/20	24/02/21	13/05/21	05/08/21	03/11/21	23/02/22	11/05/22	03/08/22	10/11/22	22/02/23	10/05/23	02/08/23	14/11/23	21/02/24	08/05/24	07/08/24	06/11/24	19/02/25	07/05/25	-

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-204	-321	-	-190	-	-419	-1,036	-1,846
Change	-	-57.35%	-	-	-	-	-147.26%	-78.19%
Announcement Date	24/02/21	23/02/22	22/02/23	21/02/24	19/02/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	178.8	293.3	375.5	645.7	787.6	301.8	203.3	116.8
Change	-	64.07%	28.01%	71.96%	21.98%	-61.69%	-32.63%	-42.57%
Free Cash Flow (FCF) ¹	250.7	126.6	177.3	-239.4	-148.2	327.3	581.2	664.1
Change	-	-49.5%	40.03%	-234.99%	38.08%	320.85%	77.55%	14.26%
Announcement Date	24/02/21	23/02/22	22/02/23	21/02/24	19/02/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	54.66%	57.35%	55.09%	50.1%	48.42%	52.82%	57.4%	57.92%
EBIT Margin (%)	-	34.93%	-	-	36.71%	42%	54.97%	50.62%
EBT Margin (%)	22.19%	-	32.99%	-	31.44%	35.78%	51.87%	46.55%
Net margin (%)	13.81%	17.73%	21.74%	23.16%	12.07%	21.07%	26.65%	24.94%
FCF margin (%)	25.23%	11.63%	15.07%	-20.08%	-9.34%	19.03%	29.57%	32.99%
FCF / Net Income (%)	182.65%	65.59%	69.33%	-86.69%	-77.41%	90.3%	110.97%	132.28%
Profitability
ROA	8.78%	-	-	-	-	-	-	-
ROE	12.24%	14.82%	15.8%	14.68%	8.61%	16.45%	21%	15.1%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	17.99%	26.93%	31.92%	54.16%	49.64%	17.54%	10.34%	5.8%
CAPEX / EBITDA (%)	32.91%	46.96%	57.93%	108.1%	102.51%	33.21%	18.02%	10.01%
CAPEX / FCF (%)	71.31%	231.66%	211.76%	-269.75%	-531.38%	92.19%	34.98%	17.58%
Items per share
Cash flow per share ¹	4.733	5.395	6.016	4.703	7.349	7.802	9.515	9.596
Change	-	13.98%	11.51%	-21.83%	56.26%	6.16%	21.96%	0.86%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	-	-	2.98	-	2.205	4.207	6.142	6.072
Change	-	-	-	-	-	90.82%	45.99%	-1.14%
Nbr of stocks (in thousands)	85,531	85,749	85,844	85,885	85,987	86,205	86,205	86,205
Announcement Date	24/02/21	23/02/22	22/02/23	21/02/24	19/02/25	-	-	-