Financials Orezone Gold Corporation

Equities

End-of-day quote Toronto S.E. Other stock markets 2025-07-11			5-day change	1st Jan Change
1.160 ^CAD	+5.45%		0.00%	+81.25%

Jun. 18	Summit Royalty Buys Royalty, Stream Portfolio from Iamgold for US$17.5 Million	MT
Jun. 13	Orezone Gold Corporation Approves Election of Julian Babarczy as Director	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	-	59.33	368.4	406.2	497	683.3
Change	-	-	-	521.06%	10.25%	22.34%	37.5%
EBITDA ¹	-22.67	-23.33	5.698	162.9	183.9	300.4	376.7
Change	-	-2.91%	124.42%	2,758.75%	12.9%	63.31%	25.41%
EBIT ¹	-	-10.76	-	111.2	149.1	253.9	386.4
Change	-	-	-	-	34.13%	70.28%	52.19%
Interest Paid ¹	-	-	-2.362	-21.39	-21.41	-13.15	-11.1
Earnings before Tax (EBT) ¹	-	-23.47	2.577	85.3	121.6	240.9	381.1
Change	-	-	110.98%	3,210.67%	42.58%	98.06%	58.19%
Net income ¹	-22.19	-23.29	1.27	58.55	79.82	170	257.3
Change	-	-4.95%	105.45%	4,509.41%	36.32%	113.04%	51.33%
Announcement Date	3/26/21	3/24/22	3/23/23	3/26/24	3/20/25	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2021 Q4	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	-	-	59.33	109.5	89.28	76.57	91.71	88.5	80.5	95.11	131.6	115.5
Change	-	-	-	84.61%	-18.48%	-14.24%	19.79%	-3.5%	-9.04%	18.15%	38.34%	-12.19%
EBITDA ¹	-	-	20.67	57.16	42.25	26.29	36.24	35.48	28.27	35.68	-	61.73
Change	-	-	-	176.54%	-26.09%	-37.76%	37.82%	-2.11%	-20.3%	26.21%	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	-	-	-	-	-	-	-	-	-	8.262	-	22.32
Change	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	3/24/22	11/14/22	3/23/23	5/9/23	8/10/23	11/14/23	3/26/24	5/13/24	8/6/24	11/6/24	3/20/25	5/14/25

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	12.8	156	99.2	-	-	-
Change	-	-	1,118.75%	-36.41%	-	-	-
Announcement Date	3/26/21	3/24/22	3/23/23	3/26/24	3/20/25	-	-

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	-	96.45	145.8	60.45	67.38	181.6	161.1
Change	-	-	51.2%	-58.55%	11.45%	169.54%	-11.27%
Free Cash Flow (FCF) ¹	-22.37	-103.9	-136.8	48.05	15.33	23.49	138.2
Change	-	-364.46%	-31.65%	135.13%	-68.1%	53.25%	488.23%
Announcement Date	3/26/21	3/24/22	3/23/23	3/26/24	3/20/25	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	-	9.61%	44.21%	45.28%	60.44%	55.12%
EBIT Margin (%)	-	-	-	-	30.17%	36.71%	51.09%	56.55%
EBT Margin (%)	-	-	-	4.34%	23.15%	29.94%	48.47%	55.76%
Net margin (%)	-	-	-	2.14%	15.89%	19.65%	34.22%	37.66%
FCF margin (%)	-	-	-	-230.57%	13.04%	3.77%	4.73%	20.22%
FCF / Net Income (%)	-	100.82%	446.15%	-10,768.04%	82.06%	19.2%	13.81%	53.69%
Profitability
ROA	-54.61%	-81.26%	-6.99%	0.41%	17.89%	15.4%	-	-
ROE	-99.52%	-169.23%	-58.9%	3.04%	45.8%	31.23%	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-0.55x	27.39x	0.61x	-	-	-
Debt / Free cash flow	-	-	-0.12x	-1.14x	2.06x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	245.83%	16.41%	16.59%	36.54%	23.58%
CAPEX / EBITDA (%)	-	-	-413.42%	2,559.3%	37.11%	36.63%	60.46%	42.78%
CAPEX / FCF (%)	-	-	-92.83%	-106.62%	125.82%	439.63%	773.21%	116.63%
Items per share
Cash flow per share ¹	-	-0.0876	-0.0234	0.0261	0.2946	0.1997	0.383	0.4915
Change	-	-	73.27%	211.57%	1,027.4%	-32.22%	91.82%	28.33%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	-	-0.088	-0.0752	-	0.1629	0.1863	0.305	-
Change	-	-	14.53%	-	-	14.37%	63.75%	-
Nbr of stocks (in thousands)	-	252,653	323,633	334,615	364,734	462,355	528,258	528,258
Announcement Date	-	3/26/21	3/24/22	3/23/23	3/26/24	3/20/25	-	-