CNMC Goldmine Holdings Limited delivered a standout QQ4 2025 with substantial top-line growth and record cash generation. Revenue reached USD 94.80 million, up 373.8% year-over-year and 182.4% quarter-over-quarter, supported by favorable gold pricing dynamics and robust mining activity. The company posted a Gross Profit of USD 88.31 million, translating to a strong gross margin of approximately 93.15%, and EBITDA of USD 59.04 million, representing a margin around 62.27%. Net income totaled USD 31.98 million, with basic earnings per share of USD 0.0753, underscoring meaningful earnings leverage from scale and efficiency gains.
Cash flow and balance sheet dynamics were particularly favorable. Net cash from operating activities was USD 43.44 million, with free cash flow of USD 38.03 million after capital expenditures of USD 5.41 million. The company ended the period with USD 64.18 million in cash and cash equivalents and a net cash position of approximately USD -62.56 million (net debt negative), reflecting a substantial liquidity cushion and conservative leverage. Dividend payments of USD 7.66 million further illustrate disciplined capital allocation.
Management commentary (as disclosed in the quarterly materials) highlighted ongoing cost controls, steady production performance at the Sokor Gold Field, and a continued emphasis on exploration and potential reserve expansion. While “other expenses” totaled USD 41.59 million in the quarter, CNMC maintained robust profitability and a strong operating backbone, suggesting the presence of non-recurring or one-off items within “other expenses” that warrant further disclosure in subsequent filings. Overall, CNMC is well-positioned to fund near-term exploration and potential expansion initiatives, while remaining exposed to gold price volatility and development risk in a junior mining context.