Caledonia Mining Corporation Plc Common Stock (CMCL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.54	$1.36	+151.9%	—	$75.9M	—
Q1 26	$0.59	$0.56	-5.1%	—	—	—
Q4 25	$0.78	$0.77	-1.3%	—	—	—
Q3 25	$1.04	$1.06	+1.9%	—	—	—
Q2 25	$0.19	$0.45	+136.8%	—	—	—
Q1 25	$0.16	$0.3	+87.5%	—	$56.2M	—
Q1 23	—	$0.29	—	—	$29.4M	—
Q4 22	—	$0.41	—	—	$34.2M	—
Q3 22	—	$0.61	—	—	$35.8M	—
Q2 22	—	$0.56	—	—	$37M	—
Q1 22	—	$0.63	—	—	$35.1M	—
Q4 21	—	$0.42	—	—	$32.1M	—
Q3 21	—	$0.69	—	—	$33.5M	—
Q2 21	—	$0.63	—	—	$30M	—
Q1 21	—	$0.52	—	—	$25.7M	—
Q4 20	$0.67	$0.75	+11.9%	—	$28.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.83	—	—	$267.7M	—
FY24	—	$0.91	—	—	$183M	—
FY23	—	-$0.24	—	—	$146.3M	—
FY22	—	$1.36	—	—	$142.1M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$62M	$69.8M	$68.4M	$75.8M	$100M	$121.3M	$142.1M	$146.3M	$183M	$267.7M
YoY change	+26.6%	+12.5%	-1.95%	+10.9%	+31.9%	+21.3%	+17.1%	+2.98%	+25.1%	+46.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	62M	69.8M	68.4M	75.8M	100M	121.3M	142.1M	146.3M	183M	267.7M
Cost of revenue	38.5M	43.4M	46.8M	44.7M	53.3M	67.3M	80.3M	104.8M	106M	130.5M
Gross profit	23.5M	26.3M	21.6M	31.1M	46.7M	54.1M	61.8M	41.5M	77M	137.1M
Gross margin	37.9%	37.7%	31.6%	41.1%	46.7%	44.6%	43.5%	28.4%	42.1%	51.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	8.1M	7.7M	6.8M	6.3M	9.4M	9.6M	13M	18.5M	19M	21.5M
Operating expenses	6.7M	5.1M	-90K	4.2M	4.9M	9.5M	13M	18.3M	17.9M	21.5M
Operating income	16.8M	21.2M	21.6M	26.6M	41.3M	43.8M	47.5M	21.2M	56.6M	113.3M
Operating margin	27.1%	30.4%	31.5%	35%	41.3%	36.1%	33.4%	14.5%	30.9%	42.3%
Non-operating income, net	2.2M	-575K	-140K	34.3M	-595K	-5.4M	-7.2M	-6M	-13.6M	-3.6M
Pretax income	18.8M	20.6M	21.2M	60.7M	40.4M	38M	39.6M	12.2M	40.5M	106.6M
Income tax	7.7M	8.7M	7.4M	10.3M	15.2M	14.9M	16.8M	12.8M	17.5M	39.1M
Net income	11.1M	11.9M	13.8M	50.4M	25.3M	23.1M	22.9M	-618K	23.1M	67.5M
Net margin	17.9%	17.1%	20.1%	66.5%	25.3%	19.1%	16.1%	-0.42%	12.6%	25.2%
EBITDA	20.2M	25M	25.7M	31.1M	45.6M	50.6M	56.7M	34.2M	72.2M	127.6M
EPS	79.5	0.86	0.99	3.82	1.73	1.49	1.36	-0.24	0.91	2.83
Diluted EPS	79	0.86	0.99	3.81	1.73	1.48	1.35	-0.24	0.91	2.83

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	41.2M	38.7M	38.5M	50.1M	46.9M	47.5M	56.2M	65.3M	71.4M	74.7M	66.4M	75.9M
Cost of revenue	27M	28.1M	24.7M	27.2M	27.6M	26.6M	29.3M	31.5M	34.6M	35.2M	34.3M	36.7M
Gross profit	14.1M	10.6M	13.8M	22.9M	19.3M	20.9M	26.9M	33.8M	36.8M	39.5M	32.1M	39.2M
Gross margin	34.3%	27.3%	35.9%	45.8%	41.2%	44%	47.9%	51.8%	51.6%	52.9%	48.3%	51.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.1M	5.8M	2.8M	4M	4.7M	7.5M	4.6M	4.9M	5.7M	6.4M	5.2M	5.9M
Operating expenses	3.1M	5.6M	2.6M	3.8M	4.6M	6.8M	4.9M	4.8M	5.6M	6.4M	5.2M	5.9M
Operating income	11.1M	3.9M	10.9M	19.1M	14.7M	11.7M	21.5M	29M	31.3M	30.6M	26.9M	33.3M
Operating margin	26.8%	10.2%	28.4%	38.2%	31.3%	24.5%	38.3%	44.4%	43.8%	40.9%	40.5%	43.9%
Non-operating income, net	-1.1M	-1.3M	-4.8M	-2.9M	-6M	283K	-2.8M	6.4M	-1.8M	-4.6M	3.1M	8.4M
Pretax income	9.5M	1.9M	5.3M	15.5M	7.9M	11.8M	17.8M	34.9M	28.9M	25M	27.3M	40.7M
Income tax	3.8M	4.3M	2.5M	5.2M	4.6M	5.2M	6.6M	11.3M	10.2M	10.9M	8.4M	10.6M
Net income	5.7M	-2.3M	2.8M	10.3M	3.3M	6.6M	11.2M	23.6M	18.7M	14.1M	18.9M	30M
Net margin	13.9%	-5.98%	7.31%	20.7%	7.01%	13.9%	19.9%	36.1%	26.1%	18.9%	28.5%	39.5%
EBITDA	10.4M	3.4M	14.3M	18.5M	11.9M	15.3M	25.4M	28M	30.4M	31.7M	26.6M	32.7M
EPS	0.24	—	0	0.43	0.12	0.3	0.45	1.06	0.77	—	0.8	1.36
Diluted EPS	0.24	—	0	0.43	0.12	0.3	0.45	1.06	0.77	—	0.8	1.36

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	60.2M	80.2M	57.2M	90.4M	—	141.9M	159.1M	—	180.8M	510.6M	450.5M
Enterprise value	48.8M	68.9M	52M	84.4M	—	126.1M	167M	—	201.6M	502.5M	435.7M
Shares outstanding	10.6M	10.8M	10.9M	10.7M	12M	12.2M	12.8M	17.5M	19.2M	19.5M	19.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	5.43	6.74	4.16	1.79	—	6.13	6.96	—	7.84	7.56	6.61
P/S	0.97	1.15	0.84	1.19	—	1.17	1.12	—	0.99	1.91	1.64
P/B	1.01	1.16	0.73	0.73	—	0.79	0.82	—	0.77	1.8	1.52
EV/EBITDA	2.41	2.76	2.02	2.71	—	2.49	2.94	—	2.79	3.94	2.98
EV/Sales	0.79	0.99	0.76	1.11	—	1.04	1.18	—	1.1	1.88	1.6
Earnings yield	18.4%	14.8%	24.1%	55.7%	—	16.3%	14.4%	—	12.8%	13.2%	15.1%
FCF yield	5.19%	3.58%	-4.41%	-2.17%	—	-4.88%	-0.93%	—	5.89%	7.86%	11.2%
PEG	—	—	—	—	—	—	—	—	—	—	0.23

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	37.9%	37.7%	31.6%	41.1%	46.7%	44.6%	43.5%	28.4%	42.1%	51.2%	51.6%
Operating margin	27.1%	30.4%	31.5%	35%	41.3%	36.1%	33.4%	14.5%	30.9%	42.3%	61%
Net margin	17.9%	17.1%	20.1%	66.5%	25.3%	19.1%	16.1%	-0.42%	12.6%	25.2%	24.1%
ROE	18.7%	17.2%	17.5%	40.4%	16%	12.8%	11.8%	-0.23%	9.83%	23.8%	27.9%
ROA	12.2%	10.8%	10.9%	35.1%	14.2%	11%	9.72%	-0.19%	6.62%	16.4%	17.1%
ROIC	20.6%	21.1%	19%	18.6%	18.5%	16.2%	13.6%	0%	12.6%	26.1%	30.5%
Return on tangible assets	12.2%	10.8%	10.9%	35.1%	14.2%	11%	9.72%	-0.19%	6.62%	16.4%	14.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.62	1.79	2.31	3.02	4.47	2.99	1.18	1.35	1.35	1.57	5.73
Quick ratio	1.89	1.2	1.54	1.9	2.79	1.82	0.62	0.85	0.83	1.13	5.03
Debt / equity	0.05	0.03	0.08	0.03	0	0.01	0.07	0.09	0.11	0.11	0.36
Debt / assets	0.03	0.02	0.05	0.02	0	0.01	0.05	0.08	0.07	0.08	0.21
Net debt / EBITDA	-0.56	-0.45	-0.2	-0.19	-0.4	-0.31	0.14	0.61	0.29	-0.06	-0.45
Interest coverage	98.9	299.4	78.7	177.4	111.2	102.3	61.3	5.03	13.8	31.3	18.5
Effective tax rate	41%	42.2%	35.1%	17%	37.5%	39.1%	42.3%	100%	43.1%	36.7%	32.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.87	6.43	6.28	7.06	8.34	9.97	11.1	8.36	9.52	13.7	14.6
EPS (basic)	79.5	0.86	0.99	3.82	1.73	1.49	1.36	-0.24	0.91	2.83	2.83
EPS (diluted)	79	0.86	0.99	3.81	1.73	1.48	1.35	-0.24	0.91	2.83	3.49
Book value per share	5.62	6.38	7.24	11.6	13.2	14.8	15.1	15.1	12.2	14.5	15.2
FCF per share	0.3	0.26	-0.23	-0.18	0.26	-0.57	-0.11	-0.89	0.55	2.06	2.85
Cash per share	1.36	1.2	1.03	0.87	1.59	1.41	0.37	0.24	0.22	2.09	8.88
Capex per share	1.88	1.99	1.85	1.86	2.32	3.11	3.44	1.74	1.63	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	32.1%	31%	29.5%	26.4%	27.8%	31.2%	31%	20.8%	17.1%	—	—
Capex / operating cash flow	79.7%	58.3%	95.2%	32%	65.9%	98.5%	86%	58.4%	61.2%	—	—
Payout ratio	27%	27.8%	25.4%	6.74%	18%	34.9%	38.9%	-1.8K%	53.4%	29.5%	16%
Dividend yield	4.98%	4.13%	6.11%	3.75%	—	5.69%	5.6%	—	6.8%	3.9%	2.4%

Yield

2.4%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.14

ex-dividend Aug 21, 2026

Payout ratio

16%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 21, 2026	$0.14
Apr 2, 2026	$0.14
May 23, 2025	$0.14
Apr 4, 2025	$0.14
Nov 22, 2024	$0.14
Jul 12, 2024	$0.14
Apr 11, 2024	$0.14
Jan 11, 2024	$0.14

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$41.2M	$38.7M	$38.5M	$50.1M	$46.9M	$47.5M	$56.2M	$65.3M	$71.4M	$74.7M	$66.4M	$75.9M
YoY change	+14.9%	+13.1%	+30.9%	+35.3%	+13.8%	+22.9%	+45.8%	+30.3%	+52.4%	+57.3%	+18.3%	+16.2%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	14.3M	13.1M	11.2M	9.4M	19.1M	17.2M	4.7M	4.3M	4.3M	40.7M
Receivables	1.1M	1.4M	2.7M	3M	1.3M	4.5M	7.4M	5.4M	4.1M	7.7M
Inventory	7.2M	9.2M	9.4M	11.1M	16.8M	20.8M	18.3M	20.3M	23.8M	26.8M
Total current assets	25.8M	27.9M	28.2M	29.8M	44.6M	52.9M	38.4M	54.2M	61.3M	94.9M
Property, plant & equipment	12.8M	23M	26.3M	16M	17.6M	75.2M	96.8M	61.3M	46M	30.7M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	90.7M	110.1M	125.7M	143.6M	177.9M	210.9M	235.2M	328.3M	348.4M	411.9M
Accounts payable	2.9M	2.9M	2.5M	2.8M	1.9M	2.5M	3.5M	6.2M	8M	7.2M
Short-term debt	1.4M	1.8M	—	1.4M	469K	1M	12.5M	18.6M	15.1M	26.6M
Total current liabilities	9.8M	15.6M	12.2M	9.9M	10M	17.7M	32.4M	40.1M	45.4M	60.4M
Long-term debt	1.6M	—	6M	1.9M	178K	331K	181K	6.5M	10M	6M
Total liabilities	31.4M	40.8M	46.9M	18.8M	19.9M	30.3M	41.7M	64.1M	113.9M	128.3M
Shareholders' equity	59.3M	69.2M	78.8M	124.7M	158M	180.6M	193.5M	264.2M	234.5M	283.5M
Total debt	3M	1.8M	6M	3.3M	647K	1.4M	12.7M	25.1M	25.1M	32.6M
Net debt	-11.3M	-11.3M	-5.2M	-6.1M	-18.4M	-15.8M	7.9M	20.8M	20.8M	-3.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	10.8M	4.3M	1.8M	15.4M	7.2M	4.3M	8.7M	37.9M	34.2M	40.7M	170M	171.8M
Receivables	5.7M	5.4M	3.9M	3.8M	9.7M	4.1M	8.4M	1.5M	11.1M	7.7M	9.1M	1.7M
Inventory	18.8M	20.3M	20.5M	20.4M	22.7M	23.8M	25.3M	29.5M	28.7M	26.8M	28.3M	27.9M
Total current assets	54.5M	54.2M	47.5M	62.8M	59.9M	61.3M	72.8M	88.5M	88.1M	94.9M	226.7M	226.5M
Property, plant & equipment	77.3M	61.3M	61M	49.1M	—	46M	44M	51M	—	30.7M	285.4M	25.4M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	320.3M	328.3M	321.8M	338.5M	339.7M	348.4M	363.7M	389.2M	393.3M	411.9M	553.2M	562.5M
Accounts payable	17.5M	6.2M	5.2M	4.2M	22.3M	8M	8.5M	9.1M	21.7M	7.2M	31.2M	7.4M
Short-term debt	14.8M	18.6M	16.8M	17.7M	15.8M	15.1M	16M	14.8M	19.1M	26.6M	11.5M	7.7M
Total current liabilities	35.8M	40.1M	38.1M	41.2M	41.5M	45.4M	49.4M	53.8M	49.5M	60.4M	48.6M	39.5M
Long-term debt	6.5M	6.5M	6.4M	10.3M	—	10M	11.9M	13.2M	4.7M	6M	104.3M	109.1M
Total liabilities	54M	64.1M	60.8M	66.5M	67.8M	113.9M	120.8M	127.5M	116.8M	128.3M	253.7M	238.9M
Shareholders' equity	266.4M	264.2M	261M	272M	271.9M	234.5M	243M	261.7M	276.5M	283.5M	299.5M	323.6M
Total debt	21.3M	25.1M	23.2M	28M	15.8M	25.1M	27.9M	28M	23.8M	32.6M	115.8M	116.9M
Net debt	10.5M	20.8M	21.4M	12.6M	8.6M	20.8M	19.1M	8.1M	8.1M	-3.1M	-54.2M	-54.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	19M	20.6M	21.4M	60.9M	40.7M	38.4M	40.3M	15.2M	43.7M	109.6M
Depreciation & amortization	3.5M	3.8M	4.1M	4.4M	4.6M	8M	10.1M	14.5M	16M	16M
Stock-based compensation	788K	2M	285K	-588K	2M	749K	478K	68K	998K	1.6M
Change in working capital	1.7M	2M	-4.6M	-2.1M	-5.2M	-8.8M	354K	-4.1M	-9.4M	-17.9M
Operating cash flow	24.9M	37.1M	21.2M	62.7M	42.2M	38.4M	51.2M	52M	51.1M	76.2M
Capital expenditure	-19.9M	-21.6M	-20.2M	-20M	-27.8M	-37.8M	-44.1M	-30.4M	-31.3M	—
Investing cash flow	-19.9M	-21.6M	-20.2M	-19M	-28M	-35.7M	-44.3M	-31.2M	-32.1M	11.5M
Dividends paid	-3M	-3.3M	-3.5M	-3.4M	-4.5M	-8.1M	-8.9M	-11.1M	-12.3M	-19.9M
Share repurchases	—	-146K	—	—	—	—	—	—	—	—
Financing cash flow	366K	-4.9M	943K	-1.3M	7.3M	2M	-12.8M	3.9M	-7.8M	-19.2M
Net change in cash	5.4M	10.7M	2M	42.4M	21.5M	4.7M	-5.8M	24.8M	11.2M	68.5M
Free cash flow	3.1M	2.9M	-2.5M	-2M	3.1M	-6.9M	-1.5M	-15.6M	10.6M	40.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	6.1M	—	—	—	18.7M	—	—	—	—	—
Depreciation & amortization	—	—	3.8M	—	—	—	3.9M	—	—	—	—	—
Stock-based compensation	—	—	-260K	—	—	—	93K	—	—	—	—	—
Change in working capital	—	—	885K	—	—	—	-6.2M	—	—	—	—	—
Operating cash flow	17M	8.8M	10.5M	21M	11.4M	-39.1M	16.5M	28.1M	13.7M	21.3M	18.9M	28.9M
Capital expenditure	-10.2M	-9.3M	-4.2M	-7.6M	-7M	-12.5M	-8.5M	—	—	—	—	—
Investing cash flow	-10.2M	-9.5M	-4.4M	-7.8M	-7M	-12.8M	-10.1M	4M	-500K	-13.8M	-14.4M	-4.2M
Dividends paid	-2.8M	-3M	-2.7M	-2.9M	-3.4M	-3.2M	-1.4M	-7.6M	-5.7M	-5.2M	-822K	-10.8M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-4M	-3.3M	-2.8M	1M	-3.7M	-2.4M	819K	-6.9M	-6.3M	-7M	139.2M	-6.9M
Net change in cash	2.8M	-4M	3.3M	14.2M	681K	-54.3M	7.2M	25.1M	6.9M	470K	143.7M	17.9M
Free cash flow	4.3M	-6M	716K	11.5M	-2.4M	876K	4.9M	15.7M	5.9M	13.8M	12.3M	17.9M

Date	Ratio
Jun 27, 2017	1:5
Apr 12, 2013	1:10

Caledonia Mining Corporation Plc Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement