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GFI

Gold Fields Limited

GFI

Gold Fields Limited • NYSE
$42.81 ▼ -0.94% (-0.41)
Market Cap $38.32 B
52w High $47.18
52w Low $12.98
Dividend Yield 0.78%
P/E 20.49
Volume 4.26M
Outstanding Shares 895.02M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $3.487B ▲ $138.564M ▲ $1.029B ▲ 29.524% ▲ $1.15 ▲ $2.062B ▲
Q4-2024 $3.078B ▲ $81.1M ▼ $856M ▲ 27.813% ▲ $0.95 ▲ $1.735B ▲
Q2-2024 $2.124B ▼ $82.4M ▲ $389M ▲ 18.315% ▲ $0.43 ▲ $972M ▲
Q4-2023 $2.234B ▼ $-9.83M ▼ $264.4M ▼ 11.833% ▼ $0.3 ▼ $824.555M ▼
Q2-2023 $2.266B $510M $457.8M 20.2% $0.51 $1.184B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.066B ▲ $10.858B ▲ $4.612B ▼ $6.083B ▲
Q4-2024 $860.2M ▲ $10.143B ▲ $4.776B ▲ $5.201B ▲
Q2-2024 $527.7M ▼ $8.365B ▲ $3.561B ▼ $4.66B ▲
Q4-2023 $648.7M ▼ $8.226B ▲ $3.607B ▲ $4.476B ▲
Q2-2023 $650.5M $7.847B $3.432B $4.278B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $1.029B ▲ $1.692B ▲ $-657.828M ▲ $-875.5M ▼ $206.355M ▲ $1.022B ▲
Q4-2024 $856M ▲ $1.329B ▲ $-2.077B ▼ $1.095B ▲ $-527.7M ▼ $681.1M ▲
Q2-2024 $389M ▲ $645.2M ▼ $-513.3M ▲ $-249.8M ▼ $-121M ▼ $44.4M ▼
Q4-2023 $267.716M ▼ $859.461M ▲ $-613.878M ▲ $-239.067M ▼ $-1.8M ▲ $299.033M ▲
Q2-2023 $457.8M $726.7M $-773M $-55.9M $-118.9M $219.2M

Five-Year Company Overview

Income Statement

Income Statement Revenue has trended steadily higher over the past five years, with a particularly strong step-up in the most recent year. Profitability looks solid: operating profit and cash-style earnings have stayed healthy throughout the period and have improved alongside revenue. Net earnings were fairly stable for a few years and then moved meaningfully higher recently, suggesting better margins and operating leverage as new projects ramp up and costs are controlled. Overall, the income statement reflects a mature gold producer with robust profitability, but still naturally exposed to swings in gold prices and operating costs like energy and labor.

Balance Sheet

Balance Sheet The balance sheet has grown as the company has invested in new assets, with total assets and shareholders’ equity both moving higher over time. Debt has also increased, especially in the most recent year, indicating that growth projects are being partly funded with borrowing rather than only with internal cash. Cash on hand has improved, which provides some cushion, but the higher debt load does introduce more financial risk if gold prices weaken or projects underperform. In simple terms, the company is stronger and larger than it was a few years ago, but it is also carrying more leverage to support that growth.

Cash Flow

Cash Flow Operating cash flow is consistently solid and has grown over the five-year period, showing that the company is turning its profits into real cash. At the same time, spending on new mines and equipment is heavy and has been rising, which reduces the amount of free cash left after investments. Free cash flow remains positive but not large compared with earnings, underscoring how capital-intensive the business is and how dependent it is on continued strong operations to fund both growth projects and returns to shareholders. If gold prices soften while investment needs stay high, cash flow could come under pressure.

Competitive Edge

Competitive Edge Gold Fields operates as a sizable, established gold producer with a portfolio of mines across different regions, which helps spread operational and political risk. Its focus on digitalization, automation, and ESG performance gives it a notable edge versus more traditional miners that are slower to adopt new technology. The ability to run complex, remote, or high-altitude operations using advanced control centers and data analytics is a meaningful strength that can support lower costs and better safety. However, the industry remains highly competitive, sensitive to commodity prices, and exposed to regulatory, environmental, and social pressures in host countries.

Innovation and R&D

Innovation and R&D Innovation is a clear highlight. Gold Fields is deploying advanced tools like AI-driven exploration, digital twins of mines, remote operations centers, and automation of underground equipment. These efforts aim to raise productivity, cut downtime, and improve safety. At the same time, the company is pushing sustainable mining technologies such as filtered tailings, major water recycling, and on-site renewable energy, tying innovation directly to its ESG targets. Its flexible, supplier-agnostic approach to automation and strong digital backbone create a platform for further advances in autonomy, predictive analytics, and possibly future traceability solutions, reinforcing a technology-focused moat.

Summary

Gold Fields shows the financial profile of a mature, profitable gold miner that is actively investing for future growth. Revenue and earnings have improved, and cash generation is solid, though heavy investment means only modest excess cash after growth spending. The balance sheet is stronger in terms of asset base and equity, but higher debt raises the importance of successful project execution and supportive gold prices. Strategically, the company stands out for its commitment to technology and ESG, using automation, remote operations, and sustainability initiatives to sharpen its competitive position. The main tensions to watch are between growth ambitions and leverage, and between high capital needs and the inherent volatility of the gold market.

NEWS

November 10, 2025 · 8:50 AM UTC

Founders Metals Closes $50,000,000 Strategic Investment by Gold Fields

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November 3, 2025 · 7:00 AM UTC

Founders Metals Announces $50,000,000 Strategic Investment by Gold Fields

Read more