Newmont (NEM) Financials

Newmont (NYSE: NEM) Financial Highlights and Trends (Q2 2022 – Q2 2025)

Over the past three years, Newmont has shown a recovery and growth trajectory after dealing with a challenging Q4 2022. Here is a summary of key financial trends and data points extracted from Newmont’s quarterly cash flow statements, income statements, and balance sheets.

• Net Income has demonstrated a strong rebound from a net loss of approximately -$3.15 billion in Q4 2023 to positive net income of $2.075 billion in Q2 2025, reflecting improved profitability.
• Operating Revenue steadily increased from about $2.68 billion in Q2 2023 to $5.32 billion in Q2 2025, indicating growing sales and operational scale.
• Total Gross Profit improved significantly, reaching approximately $3.32 billion in Q2 2025, compared to prior levels near $1.14 billion in Q2 2023.
• Depreciation expense has been relatively stable around $600 million per quarter, consistent with strong asset base investment, which supports ongoing operations.
• Cash and cash equivalents have grown from approximately $2.83 billion in Q2 2023 to $6.19 billion by Q2 2025, improving liquidity and financial flexibility.
• Net cash from operating activities improved significantly, from $656 million in Q2 2023 to $2.38 billion in Q2 2025, indicating strong cash generation from core operations.
• Capital expenditures (Purchase of Property, Plant, & Equipment) remain substantial, reaching $674 million in Q2 2025, which pressures free cash flow but signals ongoing investments for future growth.
• Repurchase of Common Equity has increased, with $1.01 billion spent in Q2 2025, which, while returning capital to shareholders, reduces cash reserves.
• Long-term debt remains elevated around $7.1 billion as of Q2 2025, down slightly from approximately $8.7 billion in Q1 2024, but still significant, affecting leverage ratios.
• Dividends payments are steady at $0.25 per share on a quarterly basis, demonstrating a commitment to shareholder returns without excess strain on cash flows.

Summary: Newmont has successfully turned around its financial performance since Q4 2022 losses, with strong revenue and net income growth through mid-2025. Increased operating cash flow and strong gross profit margin improvements underpin this recovery. Ongoing investments in property, plant, and equipment, along with substantial equity repurchases, indicate management confidence but also represent cash outflows to monitor. The company maintains solid liquidity and continues to pay consistent dividends, supporting shareholder value. However, elevated debt levels warrant attention from investors regarding leverage risk.