Fortuna Silver Mines Non-GAAP EPS of $0.23 in-line, revenue of $270.2M

2026-02-18 23:50:34 ET

• Fortuna Silver Mines press release ( FSM ): Q4 Non-GAAP EPS of $0.23 in-line.
• Revenue of $270.2M (+38.4% Y/Y).
• Record quarterly and annual free cash flow ¹ of $132.3 million and $330.0 million as Fortuna delivers on its operational plan and achieves production guidance.
• Record free cash flow ¹ from ongoing operations of $132.3 million; $330.0 million for 2025
• $147.6 million of net cash from operating activities before changes in working capital or $0.48 per share; $455.4 million for the year or $1.48 per share
• Liquidity increased to $704.0 million, and the net cash ¹ position strengthened to $381.5 million, from $58.8 million at the end of 2024, a YoY increase of $322.7 million
• Quarter-end cash balance of $554.0 million, an increase of $115.7 million QoQ and $322.7 million YoY.
• Gold equivalent production (“GEO”) of 65,130 ounces; 317,001 GEOs in 2025 meeting annual guidance
• Consolidated cash cost per GEO ¹ of $971; $944 for 2025 in line with guidance
• Consolidated AISC per GEO ¹ of $2,054 for Q4 2025 and $1,870 for full year 2025. Excluding the impact of rising gold prices on royalties ($60/ounce), gold equivalent ratios ($54/ounce) and the value of the Company’s shares increasing share based compensation expenses ($60/ounce) AISC was $1,696 and within guidance.

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