First Quantum Minerals (FM) Financials
TSX: FM · Copper, Nickel, Gold · Production stage
- Market cap$26.79B
- Share price$32.11
- 52-week range$27.06 – $49.27
- Shares outstanding834,207,457
- ExchangeTSX
- Websitewww.first-quantum.com
First Quantum is engaged in the production of copper, nickel and gold, and related activities including exploration and development. The Company has operating mines located in Zambia and Mauritania. The Company's Cobre Panamá mine was placed into a phase of Preservation and Safe Management in November 2023. The Company's Ravensthorpe mine was placed into a care and maintenance process in May 2024. The Company is progressing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring the La Granja and Haquira copper deposits in Peru.
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First Quantum Minerals financial statements
Key figures read from 39 of 39 financial statement filings, Oct 28, 2016 to Oct 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in millions, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$716 | US$843 | US$1,157 | US$1,688 | US$1,859 |
| Total current assets | US$3,906* | US$3,217* | US$3,459* | US$4,169* | US$3,933* |
| Total current liabilities | US$2,752 | US$1,545 | US$2,007 | US$1,738 | US$1,678 |
| Working capital | US$1,154 | US$1,672 | US$1,452 | US$2,431 | US$2,255 |
| Property, plant and equipment | US$19,772 | US$19,193 | US$18,583 | US$19,053 | US$19,283 |
| Total assets | US$25,238 | US$24,107 | US$23,758 | US$25,080 | US$25,270 |
| Debt | US$5,836 | US$6,342 | US$7,379 | US$7,380 | US$7,912 |
| Total liabilities | US$13,702 | US$12,205 | US$12,980 | US$12,843 | US$13,776 |
| Shareholders' equity | US$11,165 | US$11,469 | US$10,247 | US$10,901 | US$10,018 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), in millions, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$5,237 | US$4,802 | US$6,456 | US$7,626 | US$7,212 |
| Cost of sales | (US$3,779) | (US$3,452) | (US$5,164) | (US$5,426) | (US$4,650) |
| Exploration and evaluation expense | (US$30) | (US$24) | (US$30) | (US$26) | (US$20) |
| General and administrative | (US$166) | (US$148) | (US$142) | (US$136) | (US$118) |
| Impairments and write-downs | US$23 | (US$75) | (US$900) | US$0 | (US$44) |
| Net income (loss) | (US$65) | (US$108) | (US$1,243) | US$1,149 | US$1,089 |
Cash flow statement: annual key figures
US dollars (US$), in millions, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$2,082 | US$1,651 | US$1,427 | US$2,332 | US$2,885 |
| Investing cash flow | (US$1,201) | (US$1,294) | (US$1,380) | (US$1,170) | (US$1,098) |
| Financing cash flow | (US$1,047) | (US$501) | (US$776) | (US$1,331) | (US$841) |
| Property, plant and equipment spending | (US$1,224) | (US$1,340) | (US$1,326) | (US$1,191) | (US$999) |
| Proceeds from share issues | US$0 | US$1,103 | — | — | — |
| Change in cash | (US$166) | (US$144) | (US$729) | (US$169) | US$946 |
| Cash at end of period | (US$3) | US$812 | US$959 | US$1,688 | US$1,859 |
No financings are on record for First Quantum Minerals yet.