Revenue for the year was $87.3 million, a decrease of 2% from 2024. Revenue for 2025-Q4 was $18.2 million, a decrease of 27% from 2024-Q4.
Production, revenue, and net income were negatively affected by the labour disruption, which shut down operations from September 9 through November 5, 2025, resulting in a loss of 58 production days between Q3 and Q4.
Total Comprehensive Income for the year, net of foreign currency translation adjustments, was $1,285,198, compared to $984,418 in the prior year.
The net loss for the year was $2.9 million, compared to a net income of $4.2 million in 2024. The net loss for 2025-Q4 was $8.1 million, compared to a net income of $3.7 million in 2024-Q4.
Adjusted EBITDA(1) per share was $0.31 for the year and $0.02 for 2025-Q4, compared to $0.36 for 2024 and $0.11 for 2024-Q4.
Soma sold 18,869 AuEq ounces in 2025 compared to 27,668 AuEq ounces in 2024. In 2025-Q4, 2,758 AuEq ounces were sold, compared to 6,823 AuEq ounces in 2024-Q4.
The average realized cash margin per gold ounce sold(1) for the year was US$1,588, compared to US$1,152 in 2024.
In 2025, Soma raised gross proceeds of $17.3 million in a private placement by issuing 14,997,826 units at $1.15 per unit (see news release dated August 20, 2025).
The Company reduced its long-term debt during the year by making cash payments of $5.0 million and converting $10.0 million into equity on the same terms as the private placement (see news release dated August 18, 2025).
VANCOUVER, BC, May 1, 2026 /CNW/ - Soma Gold Corp. (TSXV:SOMA) (WKN: A2P4DU) (OTC:SMAGF) (the "Company" or "Soma") is pleased to announce that its Financial Statements and MD&A for the years ended December 31, 2025 and 2024 have been filed on SEDAR+ and are also available on the Company's website.
Operations Review, Year Ended December 31, 2025
The Company's unionized workers at its El Bagre Gold Mining Complex were on strike from September 9 until a new agreement was reached on November 5. Operations were halted during this period, including 22 production days in 2025-Q3 and 36 production days in 2025-Q4 (see news release dated November 5, 2025). The shutdown also resulted in additional maintenance requirements to restart the mill. The Mill returned to full production levels in Q1 2026.
Soma produced 2,502 AuEq ounces in 2025-Q4 and 18,669 AuEq ounces for the year ended December 31, 2025 (compared to 27,460 AuEq ounces for the ...
