Ero Copper (ERO) Financial Statements & Analysis

Ero Copper (ERO) Income Statement

Ero Copper reported revenue of $799.60M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 70.0% from $470.26M a year earlier. Net income was $268.34M, a net margin of 33.6%. Gross margin was 43.2% and operating margin 33.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $284.31M, up 73.9% from the same quarter a year earlier.

Ero Copper Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Ero Copper Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	799.60	470.26	427.48	426.39	489.92	324.08	284.84	233.11	148.24
Cost of Revenue	454.09	289.71	270.64	239.22	171.06	135.94	167.78	150.88	130.23
Gross Profit	345.51	180.55	156.85	187.18	318.86	188.14	117.06	82.23	18.01
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	72.49	57.90	60.14	57.08	46.41	27.93	39.08	31.76	18.63
Operating Expenses	75.18	61.92	64.35	59.58	47.77	29.01	117.06	82.23	18.01
Operating Income	270.33	118.63	92.50	126.70	271.09	159.13	78.46	46.23	-6.18
Other Income/Expense
Interest Income	5.47	4.30	2.12	10.30	2.99	1.35	0.70	0.00	0.00
Interest Expense	22.06	1.81	12.78	21.13	5.59	-12.87	11.60	14.97	15.99
Other Income/Expense	66.42	-194.07	19.86	-1.21	-25.61	-6.38	-3.63	-43.57	8.16
Income
Income Before Tax	336.75	-75.44	112.35	126.38	236.92	61.42	74.83	2.66	1.95
Income Tax Expense	65.17	-7.65	18.05	23.32	34.29	8.93	-17.63	5.65	-15.51
Net Income	268.34	-68.48	92.80	101.83	201.05	51.62	91.88	-3.16	22.47
Net Income - Continuous Operations	268.34	-68.48	92.80	101.83	202.63	51.62	91.88	-3.16	22.47
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	410.40	13.78	208.15	206.48	289.80	195.52	132.60	62.92	56.10
EBIT	346.32	-73.63	125.13	147.51	242.51	159.13	-	-	-
Depreciation & Amortization	140.07	87.41	83.02	58.97	0.29	36.39	46.17	45.30	38.14
Earnings Per Share
Basic EPS	3.00	-1.00	1.00	1.00	2.00	1.00	1.00	-	-
Diluted EPS	3.00	-1.00	1.00	1.00	2.00	1.00	1.00	-	-
Basic Shares Outstanding	103.68	103.24	94.11	90.79	88.60	86.37	90.97	83.93	66.00
Diluted Shares Outstanding	104.13	103.97	94.90	92.17	90.96	92.21	91.39	83.93	66.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ero Copper Financial Statements

What was Ero Copper's revenue in fiscal 2025?

Ero Copper reported revenue of $799.60M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 70.0% from $470.26M a year earlier.

Is Ero Copper profitable?

Yes. Ero Copper earned net income of $268.34M in fiscal 2025, a net margin of 33.6%. In fiscal 2024 it lost $68.47M.

What is Ero Copper's operating margin?

Ero Copper's operating income was $270.33M on revenue of $799.60M in fiscal 2025, an operating margin of 33.8%, compared with 25.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition