GAUNYSEMining & Quarrying of Nonmetallic Minerals (No Fuels)Fiscal year ends December 31
Galiano Gold Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Mar 12, 2026
$2.28+0.02 (+0.88%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
14.7%
Operating margin
8.2%
Net margin
-6.5%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +93.6% | – | – | – | |
| Gross profit | +20.3% | – | – | – | |
| Operating income | +78.4% | -2.5% | -5.8% | – | |
| Free cash flow | – | +189.2% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 33.7% | -12.7% | |
| Return on assets | – | 33.0% | -5.3% | |
| Current ratio | 2.53 | 18.12 | 0.92 | |
| Debt to equity | 0.37 | – | – | |
| Net debt to EBITDA | 1.40× | – | – | |
| Interest coverage | 1.0× | 1096.0× | 2.1× | |
| Inventory turnover | – | – | 6.7× | |
| Capex to revenue | 71.5% | – | 25.7% | |
| Diluted shares | 199M | 225M | 258M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Galiano Gold generated $232.09M from operations and spent $181.89M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$232.09M
Used
$181.89M
Capital expenditure$181.89M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-6.5%
×Asset turnover0.81×
×Equity multiplier2.38×
=Return on equity, FY2025-12.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -6.5% | 0.81× | 2.38× | -12.7% |
| FY2024 | 2.6% | 0.65× | 1.61× | 2.8% |
| FY2018 | -87.3% | 0.32× | 1.38× | -38.2% |
| FY2017 | 2.3% | 0.37× | 1.62× | 1.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$29.29M
- Cash generatingOperating cash flow above zero$157.99M
- Return on assets improvedROA up on the prior year2.9% → -5.9%
- Earnings backed by cashOperating cash flow above net income$157.99M vs -$29.29M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.49 → 0.92
- No dilutionShare count did not rise256M → 258M
- Gross margin improvedGross margin up on the prior year23.73% → 14.74%
- More efficientAsset turnover rose1.08 → 0.89