FRESNILLO PLC (GB:FRES)
LSE:FRES
Earnings Data
Report Date
Aug 04, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.17Last Year’s EPS
0.54Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call portrays a strongly positive financial and strategic position driven by record prices, exceptional cash generation, a large dividend payout and a value-accretive M&A adding significant gold resources. Management acknowledged operational and timing headwinds (notably a transitional 2026 with temporary production impacts, a metallurgical issue at Cienega, tax timing/cash pressure, and higher near-term CapEx), but presented mitigation plans, brownfield production coming online (Valles, Noche Buena) and a stepped-up exploration and development program. On balance the positive financial outcomes, balance sheet strength, resource/reserve growth and clear project pipeline outweigh near-term operational and tax timing challenges.Company Guidance
Record Financial Performance
Revenue and profitability surged in 2025: gross profit +114% YoY, operating profit +142% YoY, profit for the period ~+600% YoY, and EBITDA +81% YoY, driven primarily by higher precious metal prices.
Strong Metal Price Tailwind
Realized metal prices meaningfully higher in 2025 (management cited ~+44% for gold and ~+51.5% for silver), contributing an estimated $1.4 billion uplift to gross profit despite lower sales volumes.
Robust Cash Generation and Liquidity
Generated significant free cash flow (management cited 'over $2 billion') and closed the year with a record cash balance of approximately $2.76–2.8 billion (net increase of ~$1.46 billion).
Shareholder Returns – Record Dividends
Returned $950 million to shareholders in dividends (record amount), equivalent to distributing 69% of earnings in 2025 (above stated dividend range).
M&A Adds Material Gold Resources
Acquisition of Probe Gold (paid ~$550 million, closed January) added ~10 million ounces of gold resources (primarily at the Novador project in Val-d'Or) and retained key technical personnel; pre-feasibility work under way.
Resource and Reserve Growth (Gold & Silver)
Gold resources grew ~14% (driven by Herradura and Lucerito), gold reserves +7.4%, and silver reserves +9.4%; note resources figures pre-date Probe Gold acquisition.
Exploration Investment and Activity
Drilled ~800,000 meters and spent $175 million in 2025; 2026 exploration budget increased to $308 million with ~35% allocated to advanced projects, indicating stepped-up pipeline development.
Operational Highlights — District & Mine-Level
Herradura: gold production significantly above expectations and guidance; Fresnillo district: silver grade +10% YoY (helping stabilize production); Saucito: strong lead and zinc output; Juanicipio: production at or above expectations with reserves replenished.
Cost Control & Efficiency Gains
Reported cost savings of $46 million in 2025 (majority from Herradura district); adjusted production cost was ~11% lower year-on-year, aided by FX and tighter cost discipline; lower depreciation (-$129m) and lower treatment & refining charges (~$60m) supported margins.
HSE and Environmental Progress
Improving safety metrics (declining LTIFR and TRIFR trends) and achieved renewable energy consumption of 78% (ahead of 75% target); community initiatives included ~7,000 medical consultations and water projects.
GB:FRES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:FRES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 03, 2026 | 4120.00 p | 3896.00 p | -5.44% |
Aug 05, 2025 | 1421.07 p | 1506.29 p | +6.00% |
Mar 04, 2025 | 711.86 p | 736.41 p | +3.45% |
Jul 30, 2024 | 535.07 p | 536.94 p | +0.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does FRESNILLO PLC (GB:FRES) report earnings?
FRESNILLO PLC (GB:FRES) is schdueled to report earning on Aug 04, 2026, TBA (Confirmed).
What is FRESNILLO PLC (GB:FRES) earnings time?
FRESNILLO PLC (GB:FRES) earnings time is at Aug 04, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of FRESNILLO PLC stock?
The P/E ratio of FRESNILLO is N/A.
What is GB:FRES EPS forecast?
GB:FRES EPS forecast for the fiscal quarter 2026 (Q2) is 1.17.