Anglogold Ashant Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Anglogold Ashant (AU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AU FY2025 2026-04-22

FY2025 shows a cash-rich, lightly leveraged balance sheet backing a sharp jump in asset productivity and cash conversion.

Revenue expanded far faster than the asset base from FY2024 to FY2025, with sales rising to $9.9B while assets reached $15.1B; that pushed return on assets up to 21.1% from 7.9%, showing the business generated much more output from each dollar tied up on the balance sheet. At the same time, operating cash flow of $4.8B exceeded net income of $3.2B, so the earnings recovery was reinforced by cash rather than absorbed by working capital.

Balance-sheet strain stayed low: cash climbed to $2.9B against just $155M of long-term debt, and the current ratio improved to 2.9x. That left the company able to fund investing outflows and still absorb -$2.1B of financing outflows without leaning on creditors.

Growth did not require a matching buildup in working capital: from FY2024 to FY2025, inventory moved only from $1.06B to $1.08B and receivables from $356M to $426M while revenue increased about 70.8%. That pattern suggests the sales surge was not mainly financed by stocking far more inventory or waiting much longer to collect cash.

Financial Health Signals

Financial Profile 51/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Anglogold Ashant's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

100

Anglogold Ashant's revenue surged 70.8% year-over-year to $9.9B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

Anglogold Ashant carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Anglogold Ashant's current ratio of 2.87 indicates adequate short-term liquidity, earning a score of 55/100. The company can meet its near-term obligations, though with limited headroom.

Returns

Anglogold Ashant's ROE of 32.0% shows moderate profitability relative to equity, earning a score of 52/100. This is up from 12.3% the prior year.

Piotroski F-Score Neutral

6/9

Anglogold Ashant passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.51x

For every $1 of reported earnings, Anglogold Ashant generates $1.51 in operating cash flow ($4.8B OCF vs $3.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$9.9B

YoY+70.8%

Anglogold Ashant generated $9.9B in revenue in fiscal year 2025. This represents an increase of 70.8% from the prior year.

EBITDA

N/A

Net Income

$3.2B

YoY+202.6%

Anglogold Ashant reported $3.2B in net income in fiscal year 2025. This represents an increase of 202.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$2.9B

YoY+103.9%

Anglogold Ashant held $2.9B in cash against $155.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

505M

YoY+0.3%

Anglogold Ashant had 505M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

32.1%

YoY+14.0pp

Anglogold Ashant's net profit margin was 32.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 14.0 percentage points from the prior year.

Return on Equity

32.0%

YoY+19.7pp

Anglogold Ashant's ROE was 32.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 19.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

AU Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$9.9B+70.8%	$5.8B+26.4%	$4.6B+1.8%	$4.5B+11.7%	$4.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	$18.0M+50.0%	$12.0M0.0%	$12.0M+9.1%	$11.0M+22.2%	$9.0M
Income Tax	$1.1B+76.9%	$623.0M+118.6%	$285.0M+29.0%	$221.0M-28.9%	$311.0M
Net Income	$3.2B+202.6%	$1.0B+572.5%	-$222.0M-188.4%	$251.0M-60.7%	$638.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AU Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$15.1B+14.0%	$13.2B+60.2%	$8.3B+3.0%	$8.0B+0.1%	$8.0B
Current Assets	$4.6B+48.3%	$3.1B+44.2%	$2.2B+1.4%	$2.1B+0.2%	$2.1B
Cash & Equivalents	$2.9B+103.9%	$1.4B+47.8%	$964.0M-13.0%	$1.1B-4.0%	$1.2B
Inventory	$1.1B+2.0%	$1.1B+27.3%	$829.0M+7.2%	$773.0M+10.0%	$703.0M
Accounts Receivable	$426.0M+19.7%	$356.0M+84.5%	$193.0M-18.6%	$237.0M-7.8%	$257.0M
Goodwill	$106.0M+8.2%	$98.0M-8.4%	$107.0M+0.9%	$106.0M-13.1%	$122.0M
Total Liabilities	$5.2B+9.4%	$4.7B+4.4%	$4.5B+14.7%	$3.9B+0.8%	$3.9B
Current Liabilities	$1.6B+5.9%	$1.5B+18.9%	$1.3B+45.6%	$884.0M+6.9%	$827.0M
Long-Term Debt	$155.0M+138.5%	$65.0M-33.7%	$98.0M-14.8%	$115.0M-7.3%	$124.0M
Total Equity	$9.9B+16.5%	$8.5B+127.6%	$3.7B-8.2%	$4.1B-0.6%	$4.1B
Retained Earnings	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$15.1B+6.7%	$14.1B+6.8%	$13.2B+58.1%	$8.4B+1.3%	$8.3B+5.5%	$7.8B-2.3%	$8.0B-2.6%	$8.2B
Current Assets	$4.6B+15.8%	$4.0B+28.1%	$3.1B+41.6%	$2.2B+1.8%	$2.2B+16.6%	$1.9B-13.1%	$2.1B-8.8%	$2.4B
Cash & Equivalents	$2.9B+45.2%	$2.0B+40.4%	$1.4B+42.8%	$998.0M+3.5%	$964.0M+33.5%	$722.0M-34.8%	$1.1B-12.5%	$1.3B
Inventory	$1.1B+4.5%	$1.0B-2.4%	$1.1B+36.3%	$774.0M-6.6%	$829.0M+3.6%	$800.0M+3.5%	$773.0M+7.4%	$720.0M
Accounts Receivable	$426.0M-2.1%	$435.0M+22.2%	$356.0M+27.1%	$280.0M+45.1%	$193.0M-39.1%	$317.0M+33.8%	$237.0M-28.8%	$333.0M
Goodwill	$106.0M+1.9%	$104.0M+6.1%	$98.0M-6.7%	$105.0M-1.9%	$107.0M+2.9%	$104.0M-1.9%	$106.0M-8.6%	$116.0M
Total Liabilities	$5.2B+6.7%	$4.8B+2.6%	$4.7B+7.9%	$4.4B-3.2%	$4.5B+16.2%	$3.9B-1.3%	$3.9B-0.2%	$3.9B
Current Liabilities	$1.6B+20.5%	$1.3B-12.2%	$1.5B+26.4%	$1.2B-6.0%	$1.3B+50.2%	$857.0M-3.1%	$884.0M+9.1%	$810.0M
Long-Term Debt	$155.0M+21.1%	$128.0M+96.9%	$65.0M-25.3%	$87.0M-11.2%	$98.0M-7.5%	$106.0M-7.8%	$115.0M-16.7%	$138.0M
Total Equity	$9.9B+6.7%	$9.3B+9.1%	$8.5B+113.1%	$4.0B+6.8%	$3.7B-5.1%	$3.9B-3.3%	$4.1B-4.9%	$4.3B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AU Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$4.8B+143.1%	$2.0B+102.7%	$971.0M-46.2%	$1.8B+42.3%	$1.3B
Capital Expenditures	N/A	N/A	N/A	$1.0B	N/A
Free Cash Flow	N/A	N/A	N/A	$776.0M	N/A
Investing Cash Flow	-$1.2B-54.9%	-$762.0M+15.1%	-$897.0M+38.6%	-$1.5B-55.4%	-$940.0M
Financing Cash Flow	-$2.1B-189.4%	-$727.0M-735.6%	-$87.0M+73.1%	-$323.0M+29.2%	-$456.0M
Dividends Paid	N/A	$244.0M+128.0%	$107.0M-47.3%	$203.0M-15.4%	$240.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AU Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	32.1%+14.0pp	18.1%+23.0pp	-4.9%-10.4pp	5.6%-10.3pp	15.8%
Return on Equity	32.0%+19.7pp	12.3%+18.3pp	-5.9%-12.1pp	6.2%-9.4pp	15.6%
Return on Assets	21.1%+13.1pp	7.9%+10.6pp	-2.7%-5.8pp	3.1%-4.8pp	8.0%
Current Ratio	2.87+0.8	2.05+0.4	1.69-0.7	2.43-0.2	2.59
Debt-to-Equity	0.020.0	0.01-0.0	0.030.0	0.030.0	0.03
FCF Margin	N/A	N/A	N/A	17.2%	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.87-0.1	2.99+0.9	2.05+0.2	1.83+0.1	1.69-0.5	2.17-0.3	2.43-0.5	2.90
Debt-to-Equity	0.020.0	0.010.0	0.01-0.0	0.020.0	0.030.0	0.030.0	0.030.0	0.03
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Kinross Gold KGC

$37.9B

Franco Nevada FNV

$45.7B

Wheaton Precious WPM

$64.8B

Barrick Mining Corporation B

$76.8B

Pan Amern Silver Corp PAAS

$26.9B

Frequently Asked Questions

What is Anglogold Ashant's annual revenue?

Anglogold Ashant (AU) reported $9.9B in total revenue for fiscal year 2025. This represents a 70.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Anglogold Ashant's revenue growing?

Anglogold Ashant (AU) revenue grew by 70.8% year-over-year, from $5.8B to $9.9B in fiscal year 2025.

Is Anglogold Ashant profitable?

Yes, Anglogold Ashant (AU) reported a net income of $3.2B in fiscal year 2025, with a net profit margin of 32.1%.

How much debt does Anglogold Ashant have?

As of fiscal year 2025, Anglogold Ashant (AU) had $2.9B in cash and equivalents against $155.0M in long-term debt.

What is Anglogold Ashant's net profit margin?

Anglogold Ashant (AU) had a net profit margin of 32.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Anglogold Ashant's return on equity (ROE)?

Anglogold Ashant (AU) has a return on equity of 32.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Anglogold Ashant's operating cash flow?

Anglogold Ashant (AU) generated $4.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Anglogold Ashant's total assets?

Anglogold Ashant (AU) had $15.1B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Anglogold Ashant have outstanding?

Anglogold Ashant (AU) had 505M shares outstanding as of fiscal year 2025.

What is Anglogold Ashant's current ratio?

Anglogold Ashant (AU) had a current ratio of 2.87 as of fiscal year 2025, which is generally considered healthy.

What is Anglogold Ashant's debt-to-equity ratio?

Anglogold Ashant (AU) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Anglogold Ashant's return on assets (ROA)?

Anglogold Ashant (AU) had a return on assets of 21.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Anglogold Ashant's Piotroski F-Score?

Anglogold Ashant (AU) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Anglogold Ashant's earnings high quality?

Anglogold Ashant (AU) has an earnings quality ratio of 1.51x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Anglogold Ashant?

Anglogold Ashant (AU) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.