Fortuna (FSM) Q4 2025 Earnings Call Transcript | The Motley Fool
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 19, 2026
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Fortuna (FSM) reported a strong Q4 2025 earnings performance, driven by significant increases in net income and free cash flow. Adjusted net income reached $71.3 million, or $0.23 per share, marking a substantial rise from the prior-year quarter's $0.06 per share. The company also achieved record-breaking free cash flow of $132 million for Q4 and $330 million for the full year, reflecting improved operational efficiency. Liquidity totaled $704 million at year-end, up by $327 million from 2024, supported by asset sales and strong cash generation.
Fortuna's gold production exceeded expectations across its key mines, with the Seguela Mine delivering 152,420 ounces for the year—4% above guidance. The mine also saw a Q4 output of 36,942 ounces, ahead of projections. Additionally, the Lindero Mine produced 87,489 ounces annually, meeting its lower-end guidance despite some mechanical downtime in Q4. These results highlight Fortuna's ability to maintain or exceed production targets across its portfolio.
The company also emphasized its commitment to growth and efficiency through capital projects and exploration. The Diamba Sud project is progressing rapidly, with a $100 million budget for 2026, including
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Originally published on The Motley Fool on 2/19/2026