Evolution Mining (ASX:EVN) EBIT: A$2,026 Mil (TTM As of Dec. 2025)


ASX:EVN Evolution Mining Ltd ASX:EVN
92 GF Score
Price A$11.88
GF Value A$8.32
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Evolution Mining EBIT?

Evolution Mining ASX:EVN -3.81% 92 EBIT is A$2,026 Mil as of Dec. 2025. GuruFocus rates ASX:EVN with a GF Score™ of 92/100 and a GF Value™ of A$8.32 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Evolution Mining's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was A$1,189 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was A$2,026 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Evolution Mining's annualized ROC % for the quarter that ended in Dec. 2025 was 18.93%. Evolution Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 30.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Evolution Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.92%.

Evolution Mining  (ASX:EVN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Evolution Mining's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=2391.428 * ( 1 - 31.55% )/( (8557.941 + 8732.171)/ 2 )
=1636.932466/8645.056
=18.93 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9637.154 - 576.998 - ( 759.542 - max(0, 951.803 - 1454.018+759.542))
=8557.941

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10021.907 - 510.806 - ( 966.489 - max(0, 906.743 - 1685.673+966.489))
=8732.171

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Evolution Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2377.732/( ( (7671.464 + max(-300.552, 0)) + (7812.871 + max(-157.63, 0)) )/ 2 )
=2377.732/( ( 7671.464 + 7812.871 )/ 2 )
=2377.732/7742.1675
=30.71 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(137.827 + 450.179 + 33.829) - (576.998 + 209.883 + 135.506)
=-300.552

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(303.024 + 406.156 + 10.004) - (510.806 + 211.759 + 154.249)
=-157.63

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Evolution Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=2025.793/25593.290
=7.92 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Evolution Mining EBIT Related Terms

Evolution Mining EBIT Historical Data

* Premium members only.

The historical data trend for Evolution Mining's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Evolution Mining EBIT Chart

Evolution Mining Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 516.16 466.27 322.15 761.83 1,431.90

Evolution Mining Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 201.08 560.75 594.97 836.93 1,188.87

ASX:EVN vs NEM, AU: EBIT Comparison

For the Gold subindustry, Evolution Mining's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Evolution Mining EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Evolution Mining's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Evolution Mining's EV-to-EBIT falls into.


ASX:EVN
92GF Score
Evolution Mining Ltd ASX:EVN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Evolution Mining EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$2,026 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of A$2,026 Mil mean?
Evolution Mining (ASX:EVN) has a EBIT of A$2,026 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Evolution Mining.
Is Evolution Mining's EBIT too high?
Evolution Mining's current EBIT is A$2,026 Mil. Overall, Evolution Mining has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evolution Mining's EBIT compare to NEM and AU?
Evolution Mining's EBIT of A$2,026 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Evolution Mining. Evolution Mining's current EBIT is A$2,026 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution Mining stock overvalued right now?
Based on GuruFocus' analysis, Evolution Mining (ASX:EVN) is currently considered Significantly Overvalued. The stock's GF Value™ is A$8.32, compared to a current price of A$11.88 — trading 42.8% above its estimated fair value. The current EBIT is A$2,026 Mil. Evolution Mining's overall GF Score™ is 92/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Evolution Mining (ASX:EVN), the current EBIT is A$2,026 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Evolution Mining (ASX:EVN) Overvalued in 2026?

Based on GuruFocus' analysis, Evolution Mining stock appears to be overvalued. The current stock price of A$11.88 is trading 42.8% above its estimated GF Value™ of A$8.32. GuruFocus considers Evolution Mining to be Significantly Overvalued.

Key valuation signals for ASX:EVN:

  • EBIT: A$2,026 Mil
  • GF Value™: A$8.32 vs. price of A$11.88 (42.8% above fair value)
  • GF Score™: 92/100 with 1 warning sign

No single metric tells the full story. See the ASX:EVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Evolution Mining Business Description

Address 175 Liverpool Street, Level 24, Sydney, NSW, AUS, 2000
Evolution Mining is an Australia-based gold miner. It sold around 750,000 ounces of gold in fiscal 2025 from six wholly or majority owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were purchased in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, the rest of Ernest Henry in 2022 and an 80% stake in the Northparkes copper and gold mine in December 2023. It had roughly 15 years of gold reserves and two decades of copper reserves at the end of December 2024.
92GF Score

Get the complete analysis for ASX:EVN

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$11.88
Price
A$8.32
GF Value