Alamos Gold
AGI · NYSEGold and Silver Ores · Fiscal year ends Dec 31
Alamos Gold reported revenue of $1.8B in the fiscal year ended Dec 2025, up 34.3% from the year before. Operating income was $1.1B, an operating margin of 60.7%, and net income was $886M. Operating cash flow of $795M less capital expenditure of $507M left free cash flow of $288M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $824M | $821M | $1B | $1.3B | $1.8B |
| Cost of revenue | $534M | $609M | $638M | $751M | $810M |
| Gross profit | $290M | $212M | $386M | $596M | $999M |
| Operating income | $15M | $112M | $318M | $562M | $1.1B |
| Interest expense | $5M | $6M | $4M | $4M | $1M |
| Pre-tax income | $2M | $102M | $294M | $502M | $1.1B |
| Income tax | $69M | $65M | $84M | $218M | $204M |
| Net income | −$67M | $37M | $210M | $284M | $886M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $173M | $130M | $225M | $327M | $623M |
| Receivables | $31M | $37M | $53M | $47M | $45M |
| Inventory | $199M | $234M | $271M | $233M | $225M |
| Current assets | $459M | $441M | $586M | $649M | $1.1B |
| Net PP&E | $3.1B | $3.2B | $3.4B | $4.6B | $5B |
| Total assets | $3.6B | $3.7B | $4B | $5.3B | $6.4B |
| Payables | $157M | $173M | $194M | $233M | $316M |
| Current liabilities | $157M | $182M | $248M | $431M | $568M |
| Total liabilities | $886M | $953M | $1.1B | $1.8B | $1.9B |
| Shareholders' equity | $2.7B | $2.7B | $2.9B | $3.6B | $4.4B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $357M | $299M | $473M | $661M | $795M |
| Capital expenditure | $349M | $314M | $349M | $418M | $507M |
| Free cash flow | $8M | −$15M | $124M | $244M | $288M |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −0.3% | 24.6% | 31.6% | 34.3% |
| Operating income growth (YoY) | – | 648.3% | 185.3% | 76.6% | 95.3% |
| Gross margin | 35.2% | 25.9% | 37.7% | 44.2% | 55.2% |
| Operating margin | 1.8% | 13.6% | 31.1% | 41.7% | 60.7% |
| Net margin | −8.1% | 4.5% | 20.5% | 21.1% | 49.0% |
| Return on equityBlank when equity is negative | −2.4% | 1.4% | 7.2% | 7.9% | 19.9% |
| ROCEEBIT ÷ (assets − current liabilities) | 0.4% | 3.2% | 8.5% | 11.5% | 18.9% |
| Free cash flow margin | 1.0% | −1.9% | 12.1% | 18.1% | 15.9% |
| Cash conversion (CFO ÷ net income) | −5.34x | 8.05x | 2.25x | 2.33x | 0.90x |
| Receivable days | 14 | 17 | 19 | 13 | 9 |
| Inventory days | 136 | 140 | 155 | 113 | 102 |
| Payable days | 108 | 104 | 111 | 113 | 143 |
| Interest cover | 3.31x | 19.6x | 88.4x | 137x | 1098x |
| Current ratio | 2.92x | 2.42x | 2.36x | 1.51x | 2.00x |
Recent filings
More in Gold And Silver Ores
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.