Demonstrações financeiras detalhadas de DRDGOLD Limited (DRD): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
DRDGOLD Limited registou receitas de $10.73B no último exercício, com um CAGR de 5 anos de 15.3%. O lucro líquido atingiu $4.09B, com CAGR de 5 anos de 23.2%.
Margens dos últimos 12 meses: margem bruta 53.0%, margem operacional 50.9%, margem líquida 38.1%. O fluxo de caixa livre cresceu a CAGR de 11.9% em 5 anos.
Demonstração de Resultados (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Receita | $2.34B | $2.49B | $2.76B | $4.18B | $5.27B | $5.12B | $5.50B | $6.24B | $7.88B | $10.73B |
| Custo da Receita | $2.31B | $2.35B | $2.55B | $2.94B | $3.39B | $3.74B | $3.91B | $4.43B | $4.75B | $5.04B |
| Lucro Bruto | $32.0M | $142.7M | $208.2M | $1.25B | $1.88B | $1.38B | $1.59B | $1.81B | $3.13B | $5.69B |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $69.4M | $90.7M | $90.9M | $309.9M | $64.0M | $161.2M | $172.9M | $199.3M | $213.8M | $223.8M |
| Despesas Operacionais | $69.4M | $90.7M | $90.9M | $309.9M | $63.9M | $69.9M | $162.5M | $197.3M | $2.21B | $223.8M |
| Lucro Operacional | -$24.5M | $52.0M | $125.2M | $937.9M | $1.82B | $1.31B | $1.42B | $1.61B | $916.7M | $5.46B |
| EBITDA | $195.3M | $229.6M | $294.8M | $1.26B | $2.07B | $1.78B | $1.96B | $1.86B | $3.38B | $5.97B |
| Despesas com Juros | $52.2M | $58.4M | $78.4M | $68.8M | $58.9M | $72.9M | $70.4M | $67.6M | 0 | $96.2M |
| Lucro Antes de Impostos | -$36.7M | $32.4M | $105.1M | $978.9M | $1.96B | $1.46B | $1.69B | $1.82B | $3.07B | $5.66B |
| Imposto | -$50.4M | $25.9M | $26.6M | $343.9M | $523.7M | $334.3M | $405.0M | $488.2M | $824.4M | $1.56B |
| Lucro Líquido | $13.7M | $6.5M | $78.5M | $635.0M | $1.44B | $1.12B | $1.28B | $1.33B | $2.24B | $4.09B |
| LPA | $3.20 | $1.50 | $11.50 | $81.00 | $16.70 | $13.10 | $14.90 | $15.40 | $26.00 | $473.10 |
| LPA Diluído | $3.20 | $1.50 | $11.50 | $81.00 | $16.70 | $13.10 | $14.80 | $15.40 | $25.90 | $469.90 |
| Ações em Circulação (Diluídas) | $4.2M | $4.2M | $6.8M | $7.8M | $8.6M | $8.6M | $8.6M | $8.7M | $8.7M | $8.7M |
Demonstração de Resultados (Trimestral)
| Ano | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Receita | $3.80B | $4.08B | $4.81B | $6.05B |
| Lucro Bruto | $1.28B | $1.82B | $2.32B | $3.45B |
| Lucro Operacional | $1.18B | -$295.9M | $2.20B | $3.34B |
| EBITDA | $1.58B | $1.92B | $2.46B | $3.60B |
| Lucro Líquido | $970.1M | $1.27B | $1.84B | $2.31B |
| LPA | $112.10 | $14.80 | $211.90 | $266.70 |
| LPA Diluído | $112.10 | $14.70 | $211.90 | $265.00 |
Balanço (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caixa e Equivalentes | $253.7M | $302.1M | $279.5M | $1.72B | $2.18B | $2.51B | $2.46B | $521.5M | $1.31B | $2.75B |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $111.3M | $79.0M | $66.5M | $126.2M | $135.3M | $142.9M | $130.1M | $353.0M | $329.6M | $462.1M |
| Estoque | $180.3M | $233.0M | $304.6M | $323.4M | $340.0M | $389.3M | $413.6M | $460.0M | $522.6M | $575.5M |
| Ativos Circulantes | $548.3M | $626.3M | $656.1M | $2.19B | $2.67B | $3.08B | $3.21B | $1.49B | $2.28B | $3.79B |
| Imobilizado | $1.50B | $1.45B | $2.78B | $2.62B | $2.81B | $3.08B | $3.91B | $6.79B | $8.54B | $11.82B |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | 0 | 0 | $66.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Totais | $2.29B | $2.36B | $4.06B | $5.68B | $6.35B | $7.08B | $8.15B | $9.45B | $12.25B | $17.30B |
| Contas a Pagar | $135.6M | $227.0M | $324.4M | $348.0M | $352.9M | $429.1M | $525.1M | $917.4M | $954.4M | $1.00B |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $5.1M |
| Passivos Circulantes | $256.9M | $320.6M | $458.2M | $745.9M | $531.5M | $625.5M | $718.7M | $953.5M | $1.00B | $1.05B |
| Dívida de Longo Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $985.0M | $1.09B | $1.37B | $1.64B | $1.53B | $1.64B | $1.88B | $2.56B | $3.36B | $4.66B |
| Reservas | -$2.88B | -$2.91B | -$2.84B | -$2.12B | -$1.34B | -$733.4M | $86.2M | $697.2M | 0 | 0 |
| Patrimônio Líquido | $1.30B | $1.27B | $2.69B | $4.04B | $4.82B | $5.44B | $6.27B | $6.89B | $8.88B | $12.65B |
| Dívida Total | $16.8M | $14.7M | $11.0M | $47.1M | $54.8M | $52.3M | $39.7M | $29.2M | $17.4M | $11.3M |
| Dívida Líquida | -$236.9M | -$287.4M | -$268.5M | -$1.67B | -$2.13B | -$2.46B | -$2.42B | -$492.3M | -$1.29B | -$2.74B |
| Capital de Giro | $291.4M | $305.7M | $197.9M | $1.44B | $2.14B | $2.45B | $2.50B | $540.1M | $1.28B | $2.74B |
Balanço (Trimestral)
| Ano | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $661.2M | $1.31B | $1.73B | $2.75B |
| Ativos Totais | $10.32B | $12.25B | $14.63B | $17.30B |
| Passivos Totais | $2.64B | $3.36B | $3.88B | $4.66B |
| Patrimônio Líquido | $7.68B | $8.88B | $10.75B | $12.65B |
| Dívida Total | $22.2M | $17.4M | $21.5M | $11.3M |
Fluxo de Caixa (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Lucro Líquido | -$36.7M | $32.4M | $105.1M | $978.9M | $1.44B | $1.12B | $1.28B | $1.33B | $2.24B | $4.09B |
| Depreciação e Amortização | $179.8M | $168.0M | $169.1M | $270.8M | $252.5M | $267.6M | $217.5M | $270.4M | $459.2M | $508.0M |
| Compensação em Ações | $10.0M | $17.2M | $21.4M | $224.1M | -$28.3M | $18.4M | $22.0M | $26.4M | $30.1M | 0 |
| Variação Capital de Giro | -$117.8M | $14.6M | $73.8M | -$92.0M | -$194.9M | $78.1M | $56.8M | -$111.0M | $55.5M | -$211.4M |
| Fluxo de Caixa Operacional | $51.6M | $233.8M | $288.3M | $1.13B | $1.57B | $1.50B | $1.66B | $1.85B | $3.51B | $5.46B |
| CapEx | -$110.6M | -$125.9M | -$347.4M | -$181.1M | -$395.7M | -$584.1M | -$1.15B | -$2.99B | -$2.25B | -$3.40B |
| Aquisições | $20.5M | $7.0M | $5.8M | $700000 | $100000 | $12.2M | $900000 | $300000 | 0 | $141.9M |
| Recompra de Ações | 0 | 0 | -$300000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | -$50.6M | -$42.2M | 0 | -$564.5M | -$640.9M | -$513.3M | -$515.3M | -$731.7M | -$431.0M | -$749.5M |
| Fluxo de Caixa Livre | -$59.0M | $107.9M | -$59.1M | $947.8M | $1.18B | $913.7M | $510.4M | -$1.14B | $1.26B | $2.06B |
Fluxo de Caixa (Trimestral)
| Ano | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $1.28B | $2.23B | $2.20B | $3.46B |
| CapEx | -$947.6M | -$1.31B | -$1.57B | -$1.95B |
| Fluxo de Caixa Livre | $335.4M | $920.8M | $626.6M | $1.51B |
| Dividendos Pagos | -$172.3M | -$258.7M | -$329.3M | -$448.6M |
| Compensação em Ações | 0 | $16.1M | 0 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crescimento Receita (anual) | | +6.4% | +10.9% | +51.5% | +25.9% | -2.9% | +7.4% | +13.5% | +26.3% | +36.2% |
| Crescimento Lucro Líquido (anual) | | -52.6% | +1107.7% | +708.9% | +126.8% | -22.0% | +14.0% | +3.7% | +68.8% | +82.5% |
| Crescimento LPA (anual) | | -53.1% | +666.7% | +604.3% | -79.4% | -21.6% | +13.7% | +3.4% | +68.8% | +1719.6% |
| Variação de Ações (anual) | | +0.0% | +61.1% | +15.3% | +9.9% | -0.0% | +0.5% | +0.1% | +0.1% | +0.4% |
| Crescimento FCF (anual) | | +282.9% | -154.8% | +1703.7% | +24.3% | -22.4% | -44.1% | -323.5% | +210.1% | +64.1% |
| Margem Bruta | 1.4% | 5.7% | 7.5% | 29.8% | 35.7% | 26.9% | 28.8% | 29.0% | 39.7% | 53.0% |
| Margem Operacional | -1.0% | 2.1% | 4.5% | 22.4% | 34.5% | 25.5% | 25.9% | 25.8% | 11.6% | 50.9% |
| Margem EBITDA | 8.3% | 9.2% | 10.7% | 30.1% | 39.3% | 34.8% | 35.6% | 29.9% | 42.9% | 55.6% |
| Margem Líquida | 0.6% | 0.3% | 2.8% | 15.2% | 27.3% | 22.0% | 23.3% | 21.3% | 28.5% | 38.1% |
| Margem FCF | -2.5% | 4.3% | -2.1% | 22.6% | 22.4% | 17.9% | 9.3% | -18.3% | 15.9% | 19.2% |
| Taxa Efetiva de Imposto | 137.3% | 79.9% | 25.3% | 35.1% | 26.7% | 22.9% | 24.0% | 26.9% | 26.9% | 27.7% |
Dados por Ação (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Ação | $-13.98 | $25.56 | $-8.69 | $120.94 | $136.78 | $106.13 | $59.01 | $-131.74 | $145.00 | $237.03 |
| Dividendo por Ação | $11.99 | $10.00 | $0.00 | $72.03 | $74.43 | $59.62 | $59.57 | $84.52 | $49.75 | $86.17 |
| Ações em Circulação (Básicas) | $4.2M | $4.2M | $6.8M | $7.8M | $8.6M | $8.6M | $8.6M | $8.7M | $8.7M | $8.6M |
O que olhar em Basic Materials
Mineiras, químicas, aço. 100% commodity-driven. Analisar com P/E puro é um erro — olha posição de custos e sustentabilidade do dividendo.
- FCF yield — Em commodities o FCF é ouro — EPS engana muito
- Margem bruta — Margem bruta consistente 5 anos = sinal de moat
- Dívida líquida / EBITDA (vale) — Usar EBITDA do pior ano do ciclo, não o atual
- Cobertura dividendo — Dividendo coberto por FCF em ano médio, não no pico
- Capex / D&A — >1x = mantêm/crescem reservas. <0.7x = a descapitalizar
- Altman Z-Score — Modelo de falência (NYU 1968) — combina liquidez, alavancagem e rentabilidade. Chave em cíclicas
- P/B em ciclos — Commodities: 0.8-1.2x em vales, 2x+ em picos. <2x ainda zona razoável
Rentabilidade
| Margem bruta | 53.00% |
| Margem operacional | 50.91% |
| Margem líquida | 38.14% |
Saúde financeira
| Dívida / Patrimônio | 0.00 |
| Liquidez corrente | 3.62 |
Índices Chave (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/L | 12.85 | 23.24 | 3.56 | 3.38 | 9.28 | 7.29 | 13.41 | 10.14 | 9.06 | 0.74 |
| P/VP | 0.13 | 0.12 | 0.10 | 0.53 | 0.28 | 0.15 | 0.28 | 0.20 | 0.23 | 0.24 |
| P/V | 0.07 | 0.06 | 0.10 | 0.51 | 0.25 | 0.16 | 0.31 | 0.22 | 0.26 | 0.28 |
| Margem Bruta | 1.4% | 5.7% | 7.5% | 29.8% | 35.7% | 26.9% | 28.8% | 29.0% | 39.7% | 53.0% |
| Margem Operacional | -1.0% | 2.1% | 4.5% | 22.4% | 34.5% | 25.5% | 25.9% | 25.8% | 11.6% | 50.9% |
| Margem Líquida | 0.6% | 0.3% | 2.8% | 15.2% | 27.3% | 22.0% | 23.3% | 21.3% | 28.5% | 38.1% |