Ero Copper Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Ero Copper Corp reported revenue of $785.8M (+67.1% year on year) and net income of $266.9M (+493.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $785.8M | $470.3M | $427.5M | $426.4M |
| Cost of sales | ($441.2M) | ($289.7M) | ($270.6M) | ($239.2M) |
| Gross profit | $344.6M | $180.6M | $156.8M | $187.2M |
| General and administrative | ($49.5M) | ($49.6M) | ($52.4M) | ($49.5M) |
| Share-based compensation | ($24.6M) | ($10.0M) | ($9.2M) | ($7.9M) |
| Write-downs (reversals of write-downs) of property, plant and equipment | $0 | ($12.1M) | — | — |
| Operating Income | $270.6M | $108.9M | $95.2M | $129.8M |
| Finance income | $5.4M | $4.3M | $12.5M | $10.3M |
| Finance expense | ($33.4M) | ($17.1M) | ($25.8M) | ($33.2M) |
| Foreign exchange gain (loss) | $95.7M | ($165.0M) | $34.6M | $19.9M |
| Other expenses | ($7.4M) | ($6.6M) | ($4.1M) | ($384.0K) |
| Income (loss) before income taxes | $331.0M | ($75.4M) | $112.4M | $126.4M |
| Current income tax expense | ($39.7M) | ($17.7M) | ($16.0M) | ($15.0M) |
| Deferred income tax (expense) recovery | ($24.4M) | $25.3M | ($2.1M) | ($8.3M) |
| Income tax expense | ($64.0M) | $7.7M | ($18.0M) | ($23.3M) |
| Foreign currency translation gain (loss) | $74.3M | ($165.0M) | $52.7M | $29.9M |
| Owners of the Company | $263.7M | ($68.5M) | $92.8M | $101.8M |
| Non-controlling interests | $3.2M | $685.0K | $1.5M | $1.2M |
| Net income (loss) for the year | $266.9M | ($67.8M) | $94.3M | $103.1M |
| Owners of the Company | $337.3M | ($232.0M) | $145.1M | $131.5M |
| Non-controlling interests | $3.9M | ($802.0K) | $1.9M | $1.4M |
| Comprehensive income (loss) | $341.2M | ($232.8M) | $147.0M | $133.0M |
| Basic (in usd per share) | $2.54 | -$0.66 | $0.99 | $1.12 |
| Diluted (in usd per share) | $2.53 | -$0.66 | $0.98 | $1.10 |
| Basic (in shares) | 103.7M | 103.1M | 94.1M | 90.8M |
| Diluted (in shares) | 104.1M | 103.1M | 94.9M | 92.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $105.4M | $50.4M | $111.7M | $177.7M |
| Trade receivables | $41.1M | $18.4M | $5.7M | $10.3M |
| Inventories | $107.1M | $42.1M | $42.3M | $31.0M |
| Income tax receivable | $0 | $2.3M | $500.0K | — |
| Other current assets | $22.6M | $28.6M | $39.3M | $33.8M |
| Total current assets | $276.2M | $141.8M | $199.5M | $392.4M |
| Mineral properties, plant and equipment | $1.6B | $1.3B | $1.3B | $755.3M |
| Exploration and evaluation assets | $33.9M | $11.4M | $29.9M | $15.7M |
| Deferred income tax assets | $3.0M | $16.7M | $1.3M | $0 |
| Deposits and other non-current assets | $36.7M | $29.7M | $29.0M | $24.7M |
| Total non-current assets | $1.6B | $1.3B | $1.3B | $795.6M |
| Total Assets | $1.9B | $1.5B | $1.5B | $1.2B |
| Accounts payable and accrued liabilities | $154.1M | $101.9M | $120.7M | $84.6M |
| Current portion of loans and borrowings | $55.7M | $45.9M | $20.4M | $15.7M |
| Current portion of deferred revenue | $12.8M | $31.7M | $17.2M | $16.6M |
| Income taxes payable | $14.7M | $3.3M | $4.0M | $5.4M |
| Current portion of derivatives | $7.1M | $18.0M | $563.0K | $577.0K |
| Current portion of lease liabilities | $16.3M | $10.9M | $11.0M | $6.2M |
| Total current liabilities | $260.7M | $211.7M | $173.8M | $129.1M |
| Loans and borrowings | $551.4M | $556.3M | $405.9M | $402.4M |
| Deferred revenue | $93.0M | $48.2M | $58.4M | $69.5M |
| Provision for rehabilitation and closure costs | $22.0M | $21.9M | $26.7M | $22.2M |
| Deferred income tax liabilities | $10.7M | $0 | $10.9M | $6.2M |
| Lease liabilities | $8.9M | $7.0M | $8.6M | $4.7M |
| Other non-current liabilities | $39.3M | $21.9M | $18.2M | $11.8M |
| Total non-current liabilities | $725.3M | $655.2M | $528.6M | $516.8M |
| Total Liabilities | $986.0M | $867.0M | $702.4M | $645.9M |
| Share capital | $298.5M | $286.5M | $271.3M | $148.1M |
| Equity reserves | ($107.7M) | ($180.5M) | ($16.6M) | ($66.2M) |
| Retained earnings | $744.8M | $481.1M | $549.5M | $456.7M |
| Equity attributable to owners of the Company | $935.5M | $587.1M | $804.3M | $538.6M |
| Non-controlling interests | $2.3M | $3.9M | $5.1M | $3.6M |
| Total shareholders' equity | $937.9M | $591.1M | $809.3M | $542.2M |
| Total Liabilities and Equity | $1.9B | $1.5B | $1.5B | $1.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Income (loss) for the year | $266.9M | ($67.8M) | $94.3M | $103.1M |
| Amortization and depreciation | $115.7M | $87.4M | $83.0M | $59.0M |
| Income tax expense (recovery) | $64.0M | ($7.7M) | $18.0M | $23.3M |
| Amortization of deferred revenue | ($14.0M) | ($18.3M) | ($17.1M) | ($14.8M) |
| Share-based compensation | $24.6M | $10.0M | $9.2M | $7.9M |
| Finance income | ($5.4M) | ($4.3M) | ($12.5M) | ($10.3M) |
| Finance expenses | $33.4M | $17.1M | $25.8M | $33.2M |
| Foreign exchange (gain) loss | ($90.1M) | $159.2M | ($36.8M) | ($23.1M) |
| Write-downs (reversals of write-downs) of property, plant and equipment | $0 | $12.1M | — | — |
| Other | $12.2M | $8.3M | $4.2M | ($490.0K) |
| Changes in non-cash working capital items | ($51.7M) | ($25.7M) | ($8.4M) | ($18.0M) |
| Cash flows from operations | $355.6M | $170.3M | $159.9M | $159.8M |
| Advances from customers | $50.0M | — | $2.4M | $3.2M |
| Derivative contract settlements | ($3.0M) | ($10.8M) | $9.6M | ($12.0M) |
| Provision settlements | ($5.6M) | ($5.9M) | ($3.3M) | ($2.2M) |
| Income taxes paid | ($1.9M) | ($8.2M) | ($5.6M) | ($5.4M) |
| Cash flows from operating activities | $395.1M | $145.4M | $163.1M | $143.4M |
| Additions to mineral properties, plant and equipment | ($262.8M) | ($329.0M) | ($447.2M) | ($282.8M) |
| Additions to exploration and evaluation assets | ($19.7M) | ($8.6M) | ($13.5M) | ($13.0M) |
| Proceeds from interest received | $3.9M | $2.2M | $192.5M | — |
| Cash flows used in investing activities | ($278.6M) | ($335.4M) | ($308.2M) | ($425.8M) |
| Lease liability payments | ($18.0M) | ($14.2M) | ($11.9M) | ($7.4M) |
| New loans and borrowings, net of transaction costs | $57.4M | $213.3M | $14.9M | — |
| Loans and borrowings repaid | ($54.7M) | ($40.0M) | ($7.8M) | ($55.6M) |
| Interest paid on loans and borrowings | ($42.7M) | ($32.2M) | ($27.5M) | ($15.4M) |
| Other finance expenses paid | ($8.9M) | ($4.1M) | ($5.5M) | ($4.5M) |
| Proceeds from exercise of stock options | $7.2M | $8.4M | $11.2M | $8.8M |
| Cash flows (used in)/from financing activities | ($59.7M) | $131.2M | $77.8M | $327.3M |
| Effect of exchange rate changes on cash and cash equivalents | ($1.8M) | ($2.5M) | $1.4M | $2.7M |
| Net increase (decrease) in cash and cash equivalents | $55.0M | ($61.3M) | ($66.0M) | $47.6M |
| Cash and cash equivalents - beginning of year | $50.4M | $111.7M | $177.7M | $130.1M |
| Cash and cash equivalents - end of year | $105.4M | $50.4M | $111.7M | $177.7M |
Ero Copper Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.