Cash flow Ero Copper Corp.

Stocks

ERO

CA2960061091

Specialty Mining & Metals

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-07-13 pm EDT			5-day change	1st Jan Change
34.95 ^CAD	-3.53%		-6.70%	-9.99%

Jun. 10	Ero Copper Confirms High-Grade Continuity, Extends Known Mineralization at Furnas Project in Brazil	MT
Jun. 10	Ero Copper Corp. Reports Exploration Drilling Results and Extends Known Mineralization At Furnas Copper-Gold Project	CI

42d082d9.x0FLHXFlDZE1ZW8MP-VsRpB6eBeE5RlDqA-XJCQIM-Y.jXQaegULY6Z2Mg15d44VHuYwSGLpkE50yUPwQhU7eqCwBANvNhRP5AALKg

Published financial data: ERO COPPER CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	490M	426M	427M	470M	786M
Total Revenues	490M	426M	427M	470M	786M
Cost of Goods Sold, Total	171M	239M	271M	290M	441M
Gross Profit	319M	187M	157M	181M	345M
Selling General & Admin Expenses, Total	38.85M	49.46M	52.43M	49.6M	49.45M
Stock-Based Compensation (IS)	7.85M	7.93M	9.22M	9.98M	24.58M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	12.05M	-
Other Operating Expenses	1.08M	2.19M	2.7M	2.34M	3.52M
Other Operating Expenses, Total	47.77M	59.58M	64.35M	73.97M	77.55M
Operating Income	271M	128M	92.5M	107M	267M
Interest Expense, Total	-5.12M	-20.23M	-12.78M	-1.81M	-15.37M
Interest And Investment Income	2.99M	10.3M	12.46M	4.3M	5.38M
Net Interest Expenses	-2.13M	-9.94M	-311K	2.49M	-9.99M
Currency Exchange Gains (Loss)	-21.97M	19.91M	34.61M	-165M	95.74M
Other Non Operating Income (Expenses)	-8.85M	-11.19M	-14.44M	-19.5M	-21.88M
EBT, Excl. Unusual Items	238M	126M	112M	-75.44M	331M
Merger & Related Restructuring Charges	-	-	-	-	-
Other Unusual Items	-1.22M	-	-	-	-
EBT, Incl. Unusual Items	237M	126M	112M	-75.44M	331M
Income Tax Expense	34.29M	23.32M	18.05M	-7.65M	64.05M
Earnings From Continuing Operations	203M	103M	94.3M	-67.79M	267M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	203M	103M	94.3M	-67.79M	267M
Minority Interest	-1.58M	-1.24M	-1.5M	-685K	-3.18M
Net Income - (IS)	201M	102M	92.8M	-68.48M	264M
Net Income to Common Incl Extra Items	201M	102M	92.8M	-68.48M	264M
Net Income to Common Excl. Extra Items	201M	102M	92.8M	-68.48M	264M
Per Share Items
Net EPS - Basic	2.27	1.12	0.99	-0.66	2.54
Basic EPS - Continuing Operations	2.27	1.12	0.99	-0.66	2.54
Basic Weighted Average Shares Outstanding	88.6M	90.79M	94.11M	103M	104M
Net EPS - Diluted	2.21	1.1	0.98	-0.66	2.53
Diluted EPS - Continuing Operations	2.21	1.1	0.98	-0.66	2.53
Diluted Weighted Average Shares Outstanding	90.96M	92.17M	94.9M	103M	104M
Normalized Basic EPS	1.66	0.86	0.73	-0.46	1.96
Normalized Diluted EPS	1.62	0.84	0.72	-0.46	1.96
Supplemental Items
EBITDA	315M	181M	166M	192M	387M
EBITA	272M	130M	95.2M	109M	271M
EBIT	271M	128M	92.5M	107M	267M
Effective Tax Rate - (Ratio)	14.47	18.45	16.06	10.14	19.35
Current Domestic Taxes	2.94M	4.17M	6.75M	5.1M	-
Current Foreign Taxes	19.49M	10.88M	9.24M	12.56M	-
Total Current Taxes	22.43M	15.04M	15.99M	17.66M	39.7M
Deferred Domestic Taxes	-	-	-	-	-
Deferred Foreign Taxes	11.86M	8.27M	2.06M	-25.31M	-
Total Deferred Taxes	11.86M	8.27M	2.06M	-25.31M	24.35M
Normalized Net Income	147M	77.75M	68.72M	-47.84M	204M
Interest Capitalized	-	6.2M	17M	36.5M	31.8M
Interest on Long-Term Debt	10.05M	34.72M	37.09M	18.75M	54.85M
Supplemental Operating Expense Items
General and Administrative Expenses	38.85M	49.46M	52.43M	49.6M	49.45M
Maintenance & Repair Expenses, Total	18.16M	26.37M	31.02M	31.97M	53.68M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	7.85M	7.93M	9.22M	9.98M	24.58M
Total Stock-Based Compensation	7.85M	7.93M	9.22M	9.98M	24.58M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	130M	178M	112M	50.4M	105M
Short Term Investments	-	140M	-	-	-
Total Cash And Short Term Investments	130M	317M	112M	50.4M	105M
Accounts Receivable, Total	30.7M	10.29M	5.71M	18.4M	41.06M
Other Receivables	15.11M	12.25M	14.22M	17.18M	8M
Notes Receivable	-	10.24M	8.35M	4.68M	405K
Total Receivables	45.81M	32.78M	28.28M	40.26M	49.47M
Inventory	26.02M	30.96M	42.25M	42.09M	107M
Prepaid Expenses	5.86M	6.67M	4.72M	5.88M	5.84M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	860K	4.62M	12.5M	3.16M	8.34M
Total Current Assets	209M	392M	199M	142M	276M
Gross Property Plant And Equipment	638M	999M	1.61B	1.6B	2.11B
Accumulated Depreciation	-161M	-228M	-332M	-329M	-502M
Net Property Plant And Equipment	477M	771M	1.28B	1.27B	1.61B
Long-term Investments	-	-	-	-	-
Goodwill	-	-	-	-	-
Loans Receivable Long-Term	-	-	9.07M	7.33M	13M
Deferred Tax Assets Long-Term	2.32M	-	1.32M	16.66M	3.05M
Other Long-Term Assets, Total	1.3M	24.69M	19.88M	22.4M	23.7M
Total Assets	690M	1.19B	1.51B	1.46B	1.92B
Liabilities
Accounts Payable, Total	24.01M	42.93M	74.88M	58.07M	92.28M
Accrued Expenses, Total	42.53M	41.67M	45.83M	43.82M	61.84M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	4.34M	15.7M	20.38M	45.89M	55.71M
Current Portion of Leases	4.71M	6.22M	11M	10.9M	16.28M
Current Income Taxes Payable	7.19M	5.44M	4M	3.33M	14.68M
Unearned Revenue Current, Total	10.51M	16.58M	17.16M	31.71M	12.8M
Other Current Liabilities	29.36M	577K	563K	17.98M	7.12M
Total Current Liabilities	123M	129M	174M	212M	261M
Long-Term Debt	54.91M	402M	406M	556M	551M
Long-Term Leases	2.4M	4.74M	8.61M	6.98M	8.95M
Unearned Revenue Non Current	83.71M	69.48M	58.39M	48.23M	92.95M
Deferred Tax Liability Non Current	-	6.23M	10.86M	-	10.73M
Other Non Current Liabilities	30.6M	33.99M	44.84M	43.74M	61.27M
Total Liabilities	294M	646M	702M	867M	986M
Common Stock, Total	133M	148M	271M	287M	298M
Additional Paid In Capital	12.17M	11.18M	8.5M	8.18M	7.34M
Retained Earnings	355M	457M	550M	481M	745M
Comprehensive Income and Other	-107M	-77.37M	-25.11M	-189M	-115M
Total Common Equity	393M	539M	804M	587M	936M
Minority Interest	2.43M	3.57M	5.08M	3.94M	2.33M
Total Equity	395M	542M	809M	591M	938M
Total Liabilities And Equity	690M	1.19B	1.51B	1.46B	1.92B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	90.23M	92.26M	103M	104M	104M
ECS Total Common Shares Outstanding	90.2M	92.18M	103M	104M	104M
Book Value / Share	4.36	5.84	7.83	5.67	8.98
Tangible Book Value	393M	539M	804M	587M	936M
Tangible Book Value Per Share	4.36	5.84	7.83	5.67	8.98
Total Debt	66.36M	429M	446M	620M	632M
Net Debt	-63.77M	112M	334M	570M	527M
Minority Interest, Total (Incl. Fin. Div)	2.43M	3.57M	5.08M	3.94M	2.33M
Account Code - Inventory Valuation	6	-	6	6	6
Inventories - Work In Process, Total	1.66M	1.23M	917K	3.05M	5.2M
Inventories - Finished Goods, Total	2.34M	4.55M	11.44M	5.04M	13.48M
Inventories - Others	22.02M	25.17M	29.89M	34M	88.43M
Buildings, Total	18.35M	22.04M	37.25M	36.59M	94.38M
Machinery, Total	145M	214M	312M	322M	532M
Full Time Employees	-	3.25K	3.37K	3.69K	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	201M	102M	92.8M	-68.48M	264M
Depreciation & Amortization - CF	47.29M	58.97M	83.02M	84.96M	134M
Amortization of Goodwill and Intangible Assets - (CF)	1.08M	2.19M	2.7M	2.34M	3.52M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	12.05M	-
Depreciation & Amortization, Total	48.37M	61.16M	85.73M	99.35M	138M
(Gain) Loss on Sale of Investments - (CF)	-469K	-896K	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	7.85M	7.93M	9.22M	9.98M	24.58M
Other Operating Activities, Total	123M	-8.61M	-16.28M	130M	20.91M
Change In Accounts Receivable	-12.18M	-1.87M	6.92M	-13.98M	-22.38M
Change In Inventories	-2.32M	-1.71M	-5.27M	-12.59M	-41.64M
Change In Accounts Payable	10.37M	-614K	1.67M	-4.14M	18.13M
Change in Unearned Revenues	-	-	-	22.65M	-
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-10.96M	-13.84M	-11.69M	-17.64M	-5.85M
Cash from Operations	365M	143M	163M	145M	395M
Capital Expenditure	-182M	-296M	-461M	-338M	-282M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	2.3M	-130M	152M	2.2M	-
Other Investing Activities, Total	-	-	-	-	3.85M
Cash from Investing	-180M	-426M	-308M	-335M	-279M
Long-Term Debt Issued, Total	5.47M	401M	14.89M	213M	57.4M
Total Debt Issued	5.47M	401M	14.89M	213M	57.4M
Long-Term Debt Repaid, Total	-118M	-63.08M	-19.66M	-54.17M	-72.71M
Total Debt Repaid	-118M	-63.08M	-19.66M	-54.17M	-72.71M
Issuance of Common Stock	5.55M	8.8M	115M	8.36M	7.25M
Other Financing Activities, Total	-8.37M	-19.92M	-32.96M	-36.3M	-51.67M
Cash from Financing	-115M	327M	77.75M	131M	-59.73M
Foreign Exchange Rate Adjustments	-2.01M	2.69M	1.35M	-2.53M	-1.78M
Net Change in Cash	67.62M	47.57M	-65.96M	-61.34M	55.04M
Supplemental Items
Cash Interest Paid	4.16M	15.38M	27.46M	32.17M	42.74M
Cash Income Tax Paid (Refund)	9.09M	-17.9M	5.56M	8.2M	1.86M
Levered Free Cash Flow	62.91M	-163M	-293M	-154M	-8.44M
Unlevered Free Cash Flow	66.12M	-150M	-285M	-153M	1.16M
Change In Net Working Capital	-22.3M	2.88M	-22.5M	-8.85M	45.57M
Net Debt Issued / Repaid	-113M	338M	-4.77M	159M	-15.31M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	28.55	8.49	4.28	4.49	9.87
Return on Total Capital	40.06	11.13	5.19	5.4	12
Return On Equity %	66.48	21.98	13.96	-9.68	34.91
Return on Common Equity	66.38	21.86	13.82	-9.84	34.64
Margin Analysis
Gross Profit Margin %	65.08	43.9	36.69	38.39	43.85
SG&A Margin	7.93	11.6	12.26	10.55	6.29
EBITDA Margin %	64.21	42.5	38.75	40.8	49.19
EBITA Margin %	55.55	30.44	22.27	23.16	34.43
EBIT Margin %	55.33	29.92	21.64	22.66	33.99
Income From Continuing Operations Margin %	41.36	24.17	22.06	-14.42	33.96
Net Income Margin %	41.04	23.88	21.71	-14.56	33.56
Net Avail. For Common Margin %	41.04	23.88	21.71	-14.56	33.56
Normalized Net Income Margin	30.06	18.24	16.08	-10.17	25.92
Levered Free Cash Flow Margin	12.84	-38.11	-68.63	-32.73	-1.07
Unlevered Free Cash Flow Margin	13.5	-35.15	-66.76	-32.49	0.15
Asset Turnover
Asset Turnover	0.83	0.45	0.32	0.32	0.46
Fixed Assets Turnover	1.18	0.68	0.42	0.37	0.55
Receivables Turnover (Average Receivables)	19.19	20.8	53.44	39.01	26.43
Inventory Turnover (Average Inventory)	6.64	8.4	7.39	6.87	5.91
Short Term Liquidity
Current Ratio	1.7	3.04	1.15	0.67	1.06
Quick Ratio	1.43	2.63	0.76	0.41	0.59
Operating Cash Flow to Current Liabilities	2.97	1.11	0.94	0.69	1.52
Days Sales Outstanding (Average Receivables)	19.02	17.55	6.83	9.38	13.81
Days Outstanding Inventory (Average Inventory)	54.96	43.47	49.37	53.28	61.72
Average Days Payable Outstanding	40.94	51.08	79.45	84.02	54.2
Cash Conversion Cycle (Average Days)	33.04	9.93	-23.26	-21.36	21.32
Long Term Solvency
Total Debt/Equity	16.78	79.13	55.09	104.91	67.42
Total Debt / Total Capital	14.37	44.17	35.52	51.2	40.27
LT Debt/Equity	14.49	75.09	51.21	95.3	59.75
Long-Term Debt / Total Capital	12.41	41.92	33.02	46.51	35.69
Total Liabilities / Total Assets	42.66	54.37	46.46	59.46	51.25
EBIT / Interest Expense	52.94	6.31	7.24	58.76	17.38
EBITDA / Interest Expense	62.38	9.33	13.95	113.53	26.34
(EBITDA - Capex) / Interest Expense	26.87	-5.29	-22.11	-72.57	7.96
Total Debt / EBITDA	0.21	2.27	2.5	3.01	1.56
Net Debt / EBITDA	-0.2	0.59	1.87	2.77	1.3
Total Debt / (EBITDA - Capex)	0.48	-4.01	-1.58	-4.71	5.17
Net Debt / (EBITDA - Capex)	-0.46	-1.04	-1.18	-4.33	4.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	51.17	-12.97	0.26	10.01	67.11
Gross Profit, 1 Yr. Growth %	69.48	-41.3	-16.2	15.12	90.87
EBITDA, 1 Yr. Growth %	60.9	-42.39	-8.59	12.73	101.48
EBITA, 1 Yr. Growth %	70.07	-52.31	-26.65	14.42	148.44
EBIT, 1 Yr. Growth %	70.36	-52.93	-27.51	15.23	150.59
Earnings From Cont. Operations, 1 Yr. Growth %	285.98	-49.14	-8.5	-171.88	-493.72
Net Income, 1 Yr. Growth %	289.47	-49.35	-8.86	-173.78	-485.14
Normalized Net Income, 1 Yr. Growth %	292.55	-47.2	-11.62	-169.61	-525.76
Diluted EPS Before Extra, 1 Yr. Growth %	294.64	-50.23	-10.91	-167.77	-480.96
Accounts Receivable, 1 Yr. Growth %	50.86	-66.49	-44.5	222.22	123.17
Inventory, 1 Yr. Growth %	2.05	18.97	36.5	-0.38	154.46
Net Property, Plant and Equip., 1 Yr. Growth %	34.6	61.47	66.28	-0.94	26.62
Total Assets, 1 Yr. Growth %	38.76	72.24	27.24	-3.55	31.95
Tangible Book Value, 1 Yr. Growth %	84.79	37.03	49.32	-27	59.34
Common Equity, 1 Yr. Growth %	84.79	37.03	49.32	-27	59.34
Cash From Operations, 1 Yr. Growth %	123.9	-60.67	13.75	-10.84	171.72
Capital Expenditures, 1 Yr. Growth %	54.35	62.69	55.72	-26.72	-16.34
Levered Free Cash Flow, 1 Yr. Growth %	96.25	-358.29	79.91	-46.71	-94.51
Unlevered Free Cash Flow, 1 Yr. Growth %	64.87	-326.66	90.44	-45.6	-100.76
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	31.15	14.7	-6.59	5.02	35.58
Gross Profit, 2 Yr. CAGR %	65.04	-0.26	-29.86	-1.78	48.23
EBITDA, 2 Yr. CAGR %	50.53	-3.72	-27.43	2.89	50.71
EBITA, 2 Yr. CAGR %	67.91	-9.94	-40.86	-8.39	68.6
EBIT, 2 Yr. CAGR %	67.58	-10.46	-41.59	-8.6	69.93
Earnings From Cont. Operations, 2 Yr. CAGR %	48.04	40.12	-31.78	-18.9	68.23
Net Income, 2 Yr. CAGR %	47.92	40.45	-32.06	-18	68.57
Normalized Net Income, 2 Yr. CAGR %	76.43	43.97	-31.69	-21.56	72.15
Diluted EPS Before Extra, 2 Yr. CAGR %	47.92	40.15	-33.41	-22.3	60.67
Accounts Receivable, 2 Yr. CAGR %	99.95	-28.9	-56.88	33.72	168.16
Inventory, 2 Yr. CAGR %	15.88	10.19	27.44	16.61	59.21
Net Property, Plant and Equip., 2 Yr. CAGR %	14.31	47.42	63.86	28.34	12
Total Assets, 2 Yr. CAGR %	22.1	54.6	48.04	10.78	12.81
Tangible Book Value, 2 Yr. CAGR %	40.82	59.13	43.04	4.41	7.85
Common Equity, 2 Yr. CAGR %	40.82	59.13	43.04	4.41	7.85
Cash From Operations, 2 Yr. CAGR %	68.88	-6.16	-33.12	0.71	55.65
Capital Expenditures, 2 Yr. CAGR %	30.8	58.46	59.17	6.83	-21.7
Levered Free Cash Flow, 2 Yr. CAGR %	95.88	125.14	115.94	-2.84	-82.9
Unlevered Free Cash Flow, 2 Yr. CAGR %	187.1	93.31	107.76	0.97	-93.57
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	28.09	14.39	9.67	-1.36	22.61
Gross Profit, 3 Yr. CAGR %	57.11	16.93	-5.88	-17.27	22.57
EBITDA, 3 Yr. CAGR %	50.91	9.29	-5.37	-15.2	28.73
EBITA, 3 Yr. CAGR %	80.56	10.37	-15.9	-26.31	27.75
EBIT, 3 Yr. CAGR %	80.32	9.75	-16.54	-26.74	27.92
Earnings From Cont. Operations, 3 Yr. CAGR %	307.66	3.69	21.56	-30.58	37.32
Net Income, 3 Yr. CAGR %	299.43	3.49	21.59	-30.16	37.33
Normalized Net Income, 3 Yr. CAGR %	210.45	18.01	22.36	-31.26	37.85
Diluted EPS Before Extra, 3 Yr. CAGR %	280.87	2.89	20.51	-33.02	32
Accounts Receivable, 3 Yr. CAGR %	62.02	10.24	-34.54	-15.69	58.62
Inventory, 3 Yr. CAGR %	21.12	16.9	18.34	17.39	51.25
Net Property, Plant and Equip., 3 Yr. CAGR %	15.94	28.26	53.46	38.55	27.76
Total Assets, 3 Yr. CAGR %	24.15	36.94	44.88	28.34	17.43
Tangible Book Value, 3 Yr. CAGR %	56	39.54	55.79	14.31	20.21
Common Equity, 3 Yr. CAGR %	56	39.54	55.79	14.31	20.21
Cash From Operations, 3 Yr. CAGR %	63.81	3.9	0.05	-26.39	40.2
Capital Expenditures, 3 Yr. CAGR %	21.58	40.67	57.54	22.91	-1.53
Levered Free Cash Flow, 3 Yr. CAGR %	50.67	114.8	109.17	34.75	-62.73
Unlevered Free Cash Flow, 3 Yr. CAGR %	94.1	165.35	92.35	32.21	-80.22
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	23.53	12.89	10.55	19.38
Gross Profit, 5 Yr. CAGR %	-	59.72	13.79	9.05	12.87
EBITDA, 5 Yr. CAGR %	113.62	41.16	12.6	6.68	14.61
EBITA, 5 Yr. CAGR %	101	86.11	15.54	2.44	11.08
EBIT, 5 Yr. CAGR %	100.84	85.48	14.88	2	10.91
Earnings From Cont. Operations, 5 Yr. CAGR %	109.01	42.59	99.41	-6.02	38.43
Net Income, 5 Yr. CAGR %	113.16	35.29	96.66	-5.71	38.57
Normalized Net Income, 5 Yr. CAGR %	122.84	45.96	69.43	0.22	40.26
Diluted EPS Before Extra, 5 Yr. CAGR %	27.89	26.47	89.6	-8.04	35.2
Accounts Receivable, 5 Yr. CAGR %	-	35.93	-4.58	19.09	15.07
Inventory, 5 Yr. CAGR %	38.09	29.56	23.6	16.78	33.25
Net Property, Plant and Equip., 5 Yr. CAGR %	12.8	22.4	33.14	28.29	35.29
Total Assets, 5 Yr. CAGR %	16.67	25.52	33.21	25.81	31.08
Tangible Book Value, 5 Yr. CAGR %	73.81	32.88	50.68	24.26	34.48
Common Equity, 5 Yr. CAGR %	73.81	32.88	50.68	24.26	34.48
Cash From Operations, 5 Yr. CAGR %	94.55	32.79	14.48	2.61	19.4
Capital Expenditures, 5 Yr. CAGR %	259.46	35.8	35.41	26.01	19.11
Levered Free Cash Flow, 5 Yr. CAGR %	-	16.79	74	56.5	-23.42
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	18.09	99.46	80.29	-50.76