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FRESNILLO PLC (DE:FNL)
OTHER OTC:FNL
Germany Market

FRESNILLO (FNL) Earnings Dates, Call Summary & Reports

6 Followers

Earnings Data

Report Date
Aug 04, 2026
TBA (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
1
Last Year’s EPS
0.63
Same Quarter Last Year
Based on 6 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Mar 03, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
Overall the call portrays a strongly positive financial and strategic position driven by record prices, exceptional cash generation, a large dividend payout and a value-accretive M&A adding significant gold resources. Management acknowledged operational and timing headwinds (notably a transitional 2026 with temporary production impacts, a metallurgical issue at Cienega, tax timing/cash pressure, and higher near-term CapEx), but presented mitigation plans, brownfield production coming online (Valles, Noche Buena) and a stepped-up exploration and development program. On balance the positive financial outcomes, balance sheet strength, resource/reserve growth and clear project pipeline outweigh near-term operational and tax timing challenges.
Company Guidance
The company said 2026 is a transition year but reiterated a clear path to higher output in 2027–28 driven by brownfield projects (Valles: 60–80k oz/year from mid‑2027; Noche Buena: 40–50k oz/year early next year) and later greenfields (Rodeo 75–90k oz/year from ~2029, Novador ~2032, Orisyvo and Guanajuato ~2033). Key financial and capital metrics: 2025 delivered record results (gross profit +$1.4bn, operating profit +142%, profit for period ~+600%, EBITDA +81%), generated ~$2.8bn cash from operations and >$2bn free cash flow, finished with ~$2.76bn cash, returned $950m to shareholders (69% of earnings), spent $175m on exploration/800k+ m drilling in 2025 and guided exploration to $308m in 2026 (35% to advanced projects). Cost and tax guidance: consolidated cost inflation was effectively flat in 2025 (0.24% deflation after FX), 2026 budgeting assumes ~6% inflation (ex‑FX), sustaining/operating CapEx ~ $765m in 2026 (vs. prior ~$500–550m run‑rate), a $3bn approximate 5‑year growth spend pipeline, and materially higher provisional cash tax payments (expect ~+$500m cash tax in March 2026); reserves/resources noted at ~2bn oz Ag and 44m oz Au (Probe Gold adds ~10m oz Au), with site‑level reserve metrics and projects (e.g., Fresnillo ~20Mt @ ~200 g/t Ag, Saucito ~17.5Mt @ >200 g/t Ag, Juanicipio ~10.3Mt @ ~200 g/t Ag) driving the outlook.
Record Financial Performance
Revenue and profitability surged in 2025: gross profit +114% YoY, operating profit +142% YoY, profit for the period ~+600% YoY, and EBITDA +81% YoY, driven primarily by higher precious metal prices.
Strong Metal Price Tailwind
Realized metal prices meaningfully higher in 2025 (management cited ~+44% for gold and ~+51.5% for silver), contributing an estimated $1.4 billion uplift to gross profit despite lower sales volumes.
Robust Cash Generation and Liquidity
Generated significant free cash flow (management cited 'over $2 billion') and closed the year with a record cash balance of approximately $2.76–2.8 billion (net increase of ~$1.46 billion).
Shareholder Returns – Record Dividends
Returned $950 million to shareholders in dividends (record amount), equivalent to distributing 69% of earnings in 2025 (above stated dividend range).
M&A Adds Material Gold Resources
Acquisition of Probe Gold (paid ~$550 million, closed January) added ~10 million ounces of gold resources (primarily at the Novador project in Val-d'Or) and retained key technical personnel; pre-feasibility work under way.
Resource and Reserve Growth (Gold & Silver)
Gold resources grew ~14% (driven by Herradura and Lucerito), gold reserves +7.4%, and silver reserves +9.4%; note resources figures pre-date Probe Gold acquisition.
Exploration Investment and Activity
Drilled ~800,000 meters and spent $175 million in 2025; 2026 exploration budget increased to $308 million with ~35% allocated to advanced projects, indicating stepped-up pipeline development.
Operational Highlights — District & Mine-Level
Herradura: gold production significantly above expectations and guidance; Fresnillo district: silver grade +10% YoY (helping stabilize production); Saucito: strong lead and zinc output; Juanicipio: production at or above expectations with reserves replenished.
Cost Control & Efficiency Gains
Reported cost savings of $46 million in 2025 (majority from Herradura district); adjusted production cost was ~11% lower year-on-year, aided by FX and tighter cost discipline; lower depreciation (-$129m) and lower treatment & refining charges (~$60m) supported margins.
HSE and Environmental Progress
Improving safety metrics (declining LTIFR and TRIFR trends) and achieved renewable energy consumption of 78% (ahead of 75% target); community initiatives included ~7,000 medical consultations and water projects.

FRESNILLO (DE:FNL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

DE:FNL Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 04, 2026
2026 (Q2)
1.00 / -
0.628
Mar 03, 2026
2025 (Q4)
0.76 / 1.32
0.281368.75% (+1.04)
Aug 05, 2025
2025 (Q2)
0.47 / 0.63
0.0391525.00% (+0.59)
Mar 04, 2025
2024 (Q4)
0.38 / 0.28
0.18452.38% (+0.10)
Jul 30, 2024
2024 (Q2)
0.11 / 0.04
0.077-50.00% (-0.04)
Mar 05, 2024
2023 (Q4)
0.07 / 0.18
0.11461.54% (+0.07)
Aug 01, 2023
2023 (Q2)
0.04 / 0.08
0.14-45.00% (-0.06)
Mar 07, 2023
2022 (Q4)
-0.07 / 0.11
0.149-23.53% (-0.04)
Aug 02, 2022
2022 (Q2)
0.11 / 0.14
0.158-11.11% (-0.02)
Mar 08, 2022
2021 (Q4)
0.15 / 0.15
0.146.25% (<+0.01)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

DE:FNL Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 03, 2026
€45.61€43.98-3.56%
Aug 05, 2025
€15.86€16.80+5.93%
Mar 04, 2025
€8.43€8.49+0.77%
Jul 30, 2024
€6.27€6.22-0.80%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does FRESNILLO PLC (DE:FNL) report earnings?
FRESNILLO PLC (DE:FNL) is schdueled to report earning on Aug 04, 2026, TBA (Confirmed).
    What is FRESNILLO PLC (DE:FNL) earnings time?
    FRESNILLO PLC (DE:FNL) earnings time is at Aug 04, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of FRESNILLO PLC stock?
          The P/E ratio of FRESNILLO is N/A.
            What is DE:FNL EPS forecast?
            DE:FNL EPS forecast for the fiscal quarter 2026 (Q2) is 1.