AU

AngloGold Ashanti
D

AU

Arincen87/100B

AngloGold Ashanti financials

Yes. AngloGold Ashanti earned 3.93B USD of net income over the last twelve months, 32.6% of its revenue. It made a profit in 20 of its 29 fiscal years since 1997. Its last loss was in fiscal year 2023.

Revenue (TTM)
12.03B USD
Net income (TTM)
3.93B USD
Free cash flow (TTM)
4.01B USD
Cash and short-term investments
3.08B USD
Total debt
1.82B USD
Shareholders' equity
9.39B USD

Cash, debt and equity as of 30 Sept 2026.

AngloGold Ashanti earnings

Latest results · Q3 FY2026
Reported EPS
1.55-11.93%
est. 1.76
Reported revenue
2.62B-9.36%
est. 2.89B
Next report · Q4 FY2026

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q4 FY20262.05——+7.89%3.06B——+1.18%
Q3 FY20261.761.55-11.93%+17.42%2.89B2.62B-9.36%+10.37%
Q2 FY20262.031.98-2.46%+58.40%3.20B3.10B-3.00%+26.95%
Q1 FY20262.272.52+11.01%+186.36%3.26B3.15B-3.24%+63.67%
Q4 FY20251.981.90-4.04%+113.48%3.04B3.02B-0.66%+72.74%
Q3 FY20251.341.32-1.49%+149.06%2.53B2.37B-6.31%+61.87%
Q2 FY20251.311.25-4.58%+108.33%2.29B2.45B+6.90%-4.15%

AngloGold Ashanti growth and profitability

Full income statement
Revenue (TTM)
12.03B USD
Net income (TTM)
3.93B USD
Gross margin
53.56%
Operating margin
50.86%
Net margin
32.63%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20259.89B+70.78%2.64B+162.55%46.54%45.14%26.65%5.51B+113.19%
FY20245.79B+26.43%1.00B—35.68%26.81%17.33%2.59B+196.44%
FY20234.58B+1.80%-235.00M-200.86%22.41%12.55%-5.13%872.00M-30.24%
FY20224.50B+11.72%233.00M-62.05%25.08%11.53%5.18%1.25B-2.95%
FY20214.03B-12.32%614.00M-39.15%29.09%23.21%15.24%1.29B-45.35%

How AngloGold Ashanti makes its money

Revenue9.89B 100.0%
Cost of revenue5.29B 53.5%
Gross profit4.60B 46.5%
Selling and administration138.00M 1.4%
Operating income4.47B 45.1%
Tax1.10B 11.1%
Other expense728.00M 7.4%
Net income2.64B 26.6%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

AngloGold Ashanti revenue breakdown

By product

FY2025
100.0%Spot Revenue
SegmentRevenueShare of revenueChange on the year
Spot Revenue9.61B100.0%+79.3%

By region

FY2022
Australia: 22.0%Tanzania, United Republic of: 21.0%Ghana: 19.9%Brazil: 16.3%Guinea: 13.5%Argentina: 7.3%22.0%Australia21.0%Tanzania, United Republic of19.9%Ghana16.3%Brazil13.5%Guinea7.3%Argentina
RegionRevenueShare of revenueChange on the year
Australia967.00M22.0%+8.7%
Tanzania, United Republic of920.00M21.0%+5.1%
Ghana874.00M19.9%+54.7%
Brazil717.00M16.3%-4.3%
Guinea591.00M13.5%+8.4%
Argentina319.00M7.3%—

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY20254.71B3.11B
FY20241.97B878.00M
FY2023981.00M-61.00M
FY20221.80B257.00M
FY20211.22B196.00M
FY20201.56B862.00M
FY2019927.00M224.00M
FY2018857.00M282.00M
FY2017997.00M322.00M
FY20161.19B475.00M

AngloGold Ashanti financial health

Full balance sheet
Cash and short-term investments
3.08B USD
Total debt
1.82B USD
Net cash
1.26B USD
Free cash flow (TTM)
4.01B USD
Current ratio
2.55
Debt to equity
0.19
Piotroski score
7 / 9
Altman Z-score
8.61

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20252.93B2.44B3.11B
FY20241.43B2.15B878.00M
FY2023964.00M2.42B-61.00M
FY20221.11B2.17B257.00M
FY20211.15B2.09B196.00M

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY202515.08B5.16B8.09B
FY202413.16B4.64B6.63B
FY20238.18B4.44B3.71B
FY20228.01B3.94B4.04B
FY20218.01B3.91B4.05B
FY20207.67B3.93B3.70B
FY20196.86B4.19B2.64B
FY20186.64B3.95B2.65B
FY20177.22B4.52B2.66B
FY20167.15B4.40B2.72B

AngloGold Ashanti valuation

Price to earnings ratio (TTM)
12.03
Forward P/E (FY2026)
10.72
Price to sales (TTM)
3.91
Price to book
5.01
EV / EBITDA (TTM)
5.83

Capital structure

Market capitalization
47.04B USD
+
Total debt
1.82B USD
−
Cash and short-term investments
3.08B USD
=
Enterprise value
45.79B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)9.28————
FY2027 (est.)10.499.28———
FY2026 (est.)10.7210.49———
Now (TTM)12.0310.533.915.015.83
FY202516.439.834.385.357.77
FY20249.913.981.711.504.12
FY2023-33.38—1.712.1110.66
FY202235.31—1.822.027.39
FY202114.37—2.192.187.57

AngloGold Ashanti against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Royal Gold, Newmont, Coeur Mining, Aura Minerals, and SSR Mining, the US Gold companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years46.5%
    22.4%46.5%
    Against its peers: 4 of 6Peers' median 53.2%
  • Operating marginHighest in 5 years45.1%
    11.5%45.1%
    Against its peers: 4 of 6Peers' median 48.6%
  • Net marginHighest in 5 years26.6%
    -5.1%26.6%
    Against its peers: 4 of 6Peers' median 28.3%
  • Return on equityHighest in 5 years32.6%
    -6.3%32.6%
    Against its peers: 1 of 6Peers' median 11.5%
  • Free cash flow marginHighest in 5 years31.4%
    -1.3%31.4%
    Against its peers: 3 of 6Peers' median 14.8%
  • Revenue growthHighest in 5 years70.8%
    -12.3%70.8%
    Against its peers: 2 of 6Peers' median 55.1%
  • EPS growthHighest in 5 years122.7%
    -201.8%122.7%
    Against its peers: 3 of 4Peers' median 124.1%
  • Debt to EBITDALowest in 5 years0.44×
    0.44×2.77×
    Against its peers: 3 of 6Peers' median 0.61×
  • Current ratioHighest in 5 years2.87
    1.802.87
    Against its peers: 2 of 6Peers' median 2.08

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

AngloGold Ashanti dividends

Annual dividend
2.88 USD
Dividend yield (indicated)
3.10%
Payout ratio
58.47%
Years of dividend growth
3
Frequency
Quarterly
Last payment
0.72 USD
Last ex-dividend date
21 Aug 2026
Last payment date
4 Sept 2026

Dividends per share

Year2025202420232022202120202019201820172012
Dividends per share2.530.410.210.440.540.110.070.060.100.56

AngloGold Ashanti ownership

Institutions
46.40%
Institutional holders
611 (-1)
Free float
99.63%

Who owns the shares

Institutions 46.4% Others 53.6%
As of 30 Jun 2026

Shares free to trade

Free float 503.89M shares ·99.6% Closely held 1.88M shares ·0.4%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202600967.000.00
Q2 20260115.01K400.00
Q1 2026000.000.00

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025507.90M507.90M+17.86%
FY2024430.13M430.92M+2.33%
FY2023419.64M421.11M+0.06%
FY2022420.87M420.87M+0.19%
FY2021420.06M420.06M+0.14%

Common questions about AngloGold Ashanti's financials

Source: Financial Modeling Prep

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