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FRESNILLO ( (GB:FRES) ) has provided an announcement.
Fresnillo reported record 2025 results, with adjusted revenue up 27.6% to US$4.65 billion and EBITDA rising 80.7% to US$2.80 billion, driven mainly by higher precious metal prices and tight cost control despite lower production volumes. Profit for the year jumped to US$1.57 billion, margins expanded sharply, and a strong balance sheet with net cash of US$1.92 billion supported the company’s largest-ever dividend of US$950 million, above its usual payout policy.
Operationally, silver output met guidance and gold exceeded expectations, even as both declined year-on-year due to mine closures, lower grades and reduced ore processing, while by-product lead and zinc production also fell. Management highlighted ongoing efficiency and optimisation projects at key mines, the wind-down of the Silverstream contract, and continued investment in exploration and growth initiatives, moves that strengthen Fresnillo’s cost base and growth pipeline while underpinning attractive shareholder returns.
The most recent analyst rating on (GB:FRES) stock is a Hold with a £3200.00 price target. To see the full list of analyst forecasts on FRESNILLO stock, see the GB:FRES Stock Forecast page.
Spark’s Take on GB:FRES Stock
According to Spark, TipRanks’ AI Analyst, GB:FRES is a Outperform.
The score is driven primarily by strong financial performance (better margins, low leverage, and significantly improved cash flow) and supportive earnings-call outlook. These positives are tempered by an overbought technical setup and a demanding valuation (high P/E), which raise near-term risk and reduce margin of safety.
To see Spark’s full report on GB:FRES stock, click here.
More about FRESNILLO
Fresnillo plc is a precious metals mining company focused on silver and gold production, with core operations in Mexico. The group operates several mines including Herradura, Fresnillo, Ciénega, Saucito and San Julián, and also produces lead and zinc as by-products, positioning it as a major player leveraged to global precious metal prices.
Average Trading Volume: 1,267,901
Technical Sentiment Signal: Buy
Current Market Cap: £31.24B
For an in-depth examination of FRES stock, go to TipRanks’ Overview page.

