← AGI Inc
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| OPERATING REVENUES | $651.8m | $683.1m | $748.1m | $823.6m | $821.2m | $1.0b | $1.3b | $1.8b | |
| COST OF SALES | |||||||||
| Operating expenses | — | — | — | — | — | ($2.5b) | ($3.4b) | ($4.2b) | |
| Operating income | — | — | — | — | — | ($7.2m) | ($57.5m) | ($39.6m) | |
| Interest income using the effective interest method | — | — | — | — | — | $4.7b | $6.7b | $9.5b | |
| Net interest income | — | — | — | — | — | $2.8b | $3.9b | $4.4b | |
| Gain on financial assets at fair value through profit or loss | — | — | — | — | — | $81.2m | $92.1m | $303.2m | |
| Commissions, banking fees and other revenues from services | — | — | — | — | — | $197.3m | $526.9m | $868.5m | |
| (-) Expected credit losses | — | — | — | — | — | ($788.1m) | ($1.1b) | ($1.7b) | |
| Depreciation and amortization | — | — | — | — | — | ($134.9m) | ($164.8m) | ($201.9m) | |
| Net operating income | — | — | — | — | — | $588.8m | $1.1b | $1.4b | |
| Loss on derecognition of financial assets | — | — | — | — | — | — | ($11.7m) | — | |
| Deferred income tax and social contribution | — | — | — | — | — | $65.9m | $187.0m | $410.4m | |
| Mining and processing | $387.2m | $339.0m | $312.6m | $351.5m | $394.4m | $437.3m | $518.9m | $572.8m | |
| Royalties | $21.6m | $17.4m | $10.2m | $11.7m | $9.1m | $10.2m | $13.8m | $27.0m | |
| Amortization | $166.6m | $165.0m | $152.7m | $170.9m | $171.5m | $190.2m | $218.4m | $209.7m | |
| Exploration | $11.0m | $6.7m | $7.2m | $14.7m | $18.4m | $18.2m | $26.7m | $26.3m | |
| Corporate and administrative | $17.4m | $19.8m | $21.0m | $24.5m | $25.9m | $27.6m | $32.6m | $39.3m | |
| Share-based compensation (Note 19) | $6.6m | $9.2m | $10.3m | $11.1m | $18.3m | $21.7m | $31.7m | $55.0m | |
| Reversal of impairment (Note 10) | $64.0m | $0 | $0 | $224.3m | $38.2m | $0 | ($57.1m) | ($218.8m) | |
| EARNINGS FROM OPERATIONS | ($22.6m) | $126.0m | $227.6m | $14.9m | $111.5m | $318.1m | $561.9m | $1.1b | |
| Gain on sale of assets (Note 7) | — | — | — | — | — | — | $0 | $231.0m | |
| Loss on commodity derivatives (Note 13) | — | — | — | — | — | ($900k) | ($24.2m) | ($230.5m) | |
| Foreign exchange (loss) gain | ($4.4m) | $300k | ($1.4m) | ($900k) | $1.7m | $1.9m | $8.0m | ($5.1m) | |
| Other loss (Note 21) | ($8.4m) | $5.1m | ($3.7m) | ($7.2m) | ($5.1m) | ($22.9m) | ($39.7m) | ($9.6m) | |
| Net change in fair value of currency hedging instruments, net of taxes | — | — | $1.1m | — | ($5.9m) | $8.3m | ($11.7m) | $8.2m | |
| Net change in fair value of fuel hedging instruments, net of taxes | — | — | $100k | — | ($300k) | ($200k) | ($100k) | $0 | |
| Unrealized gain on equity securities, net of taxes | ($1.8m) | $2.5m | $23.8m | — | ($20.5m) | ($10.5m) | $26.4m | $34.9m | |
| COMPREHENSIVE INCOME | ($82.3m) | $105.1m | $169.2m | ($71.0m) | $10.4m | $207.6m | $298.9m | $928.9m | |
| - basic (in shares) | $389.8m | $390.2m | $391.7m | $392.6m | $392.2m | $395.5m | $408.2m | — | |
| Inventory net realizable value adjustment | — | — | — | $0 | $33.9m | $0 | — | — | |
| Unrealized gain on currency hedging instruments, net of taxes | ($7.4m) | $6.0m | $1.1m | — | — | — | — | — | |
| Unrealized gain on fuel hedging instruments, net of taxes | ($500k) | $500k | $100k | — | — | — | — | — | |
| Total other comprehensive income | ($9.7m) | $9.0m | $25.0m | ($4.3m) | ($26.7m) | ($2.4m) | $14.6m | $43.1m | |
| Income before income tax and social contribution | ($38.4m) | $128.9m | $218.2m | $2.3m | $102.4m | $581.6m | $1.0b | $1.3b | |
| Net income for the year | ($72.6m) | $96.1m | $144.2m | ($66.7m) | $37.1m | $426.1m | $794.4m | $1.0b | |
| Net Income | — | — | — | — | — | $422.0m | $791.0m | $1.0b | |
| Net Income Attributable to Noncontrolling Interest | — | — | — | — | — | $4.1m | $3.3m | $8.8m | |
| Earnings Per Share (Basic) | ($0.19) | $0.25 | $0.37 | ($0.17) | $0.09 | $1.06 | $2.00 | $2.82 | |
| - diluted (usd per share) | ($0.19) | $0.24 | $0.37 | ($0.17) | $0.09 | $0.53 | $0.69 | $2.10 | |
| Interest expense using the effective interest method | — | — | — | — | — | ($1.9b) | ($2.8b) | ($5.1b) | |
| Personnel expenses | — | — | — | — | — | ($438.7m) | ($448.9m) | ($524.7m) | |
| Selling, general and administrative expenses | — | — | — | — | — | ($875.7m) | ($1.2b) | ($1.3b) | |
| Tax expenses | — | — | — | — | — | ($276.0m) | ($430.0m) | ($503.8m) | |
| Income Tax Expense | — | — | — | — | — | ($221.5m) | ($433.6m) | ($700.6m) | |
| Finance income (expense) (Note 20) | ($3.0m) | ($2.5m) | ($4.3m) | ($4.5m) | ($5.7m) | ($2.5m) | ($3.8m) | $6.4m | |
| Current income tax expense | ($17.3m) | ($12.7m) | ($30.1m) | ($5.3m) | ($10.7m) | ($52.7m) | ($98.7m) | ($120.5m) | |
| Deferred income tax expense | ($16.9m) | ($20.1m) | ($43.9m) | ($63.7m) | ($54.6m) | ($31.0m) | ($119.2m) | ($83.4m) | |
| COVID costs | — | $0 | $6.5m | — | — | — | — | — | |
| Total expenses | $674.4m | $557.1m | $520.5m | $808.7m | $709.7m | $705.2m | $785.0m | $711.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.