Newmont Q4 FY25: where the revenue came from and where it went
The whole income statement of Newmont for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Feb 19, 2026
Revenue$6.82B
+21% year over year
Gross profit$4.79B
70% margin
Operating profit$3.07B
45% margin
Net profit$1.30B
19% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.82 | 100% | +21% |
| Gold dore | 4.46 | 65% | +21% |
| Sales from concentrate | 2.36 | 35% | +20% |
| Cost of revenue | −2.03 | 30% | |
| Gross profit | 4.79 | 70% margin | +13pp |
| R&D | −0.04 | 1% | +0pp |
| G&A | −0.09 | 1% | −1pp |
| Other | −1.59 | 23% | +0pp |
| Operating profit | 3.07 | 45% margin | +10pp |
| Other income, net | 0.30 | ||
| Tax | −2.07 | ||
| Net profit | 1.30 | 19% margin | −6pp |
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