$TECK

TECK RESOURCES LTD

CIK:0000886986|SEC Filings

Consolidated Statements of Income - CAD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Profit or loss [abstract]
Revenue (Note 6)	$ 10,756	$ 9,065
Cost of sales	(8,099)	(7,458)
Gross profit	2,657	1,607
Other operating income (expenses)
General and administration	(269)	(275)
Exploration	(90)	(87)
Research and innovation	(35)	(50)
Asset impairment (Note 8)	0	(1,053)
Other operating income (expense) (Note 9)	(15)	(151)
Profit (loss) from operations	2,248	(9)
Finance income (Note 10)	271	234
Finance expense (Note 10)	(912)	(953)
Non-operating income (expense) (Note 11)	52	7
Share of profit (loss) of joint venture and associate (Note 15)	(3)	3
Profit (loss) from continuing operations before taxes	1,656	(718)
Provision for income taxes from continuing operations (Note 23(a))	(584)	(205)
Profit (loss) from continuing operations for the year	1,072	(923)
Profit from discontinued operations (Note 5(c))	0	1,206
Profit for the year	1,072	283
Profit (loss) from continuing operations attributable to:
Shareholders of the company	1,401	(467)
Non-controlling interests	(329)	(456)
Profit (loss) from continuing operations for the year	1,072	(923)
Profit (loss) attributable to:
Shareholders of the company	1,401	406
Non-controlling interests	$ (329)	$ (123)
Earnings (loss) per share from continuing operations
Basic (in dollars per share)	$ 2.84	$ (0.90)
Diluted (in dollars per share)	2.83	(0.90)
Earnings per share from discontinued operations
Basic (in dollars per share)	0	1.69
Diluted (in dollars per share)	0	1.68
Earnings per share
Basic (in dollars per share)	2.84	0.79
Diluted (in dollars per share)	$ 2.83	$ 0.78
Weighted average shares outstanding (millions) (in shares)	493,778	516,011
Weighted average diluted shares outstanding (millions) (in shares)	495,352	520,042
Shares outstanding at end of year (millions) (in shares)	488,500	506,300

Consolidated Statements of Cash Flows - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Operating activities
Profit (loss) from continuing operations	$ 1,072	$ (923)
Depreciation and amortization	1,757	1,726
Provision for income taxes from continuing operations	584	205
Asset impairment	0	1,053
Net finance expense	641	719
Income taxes paid	(1,235)	(1,833)
Expenditures on decommissioning and restoration provisions	(106)	(76)
QB variable consideration to IMSA and Codelco	(142)	51
Foreign exchange (gains) losses	41	(146)
Embedded derivatives and other	(155)	(70)
Net change in non-cash working capital items	(978)	(276)
Net cash provided by continuing operating activities	1,479	430
Net cash provided by discontinued operating activities	0	2,360
Net cash from operating activities	1,479	2,790
Investing activities
Expenditures on property, plant and equipment	(1,838)	(2,262)
Capitalized stripping costs	(224)	(373)
Expenditures on investments and other assets	(187)	(68)
Net proceeds from sale of steelmaking coal business	0	9,483
Proceeds from sale of investments and other assets	88	55
Proceeds from interest and dividend income	251	194
Net cash provided by (used in) continuing investing activities	(1,910)	7,029
Net cash used in discontinued investing activities	0	(856)
Net cash used in investing activities	(1,910)	6,173
Financing activities
Proceeds from debt	308	77
Redemption, purchase or repayment of debt	(733)	(2,549)
Repayment of lease liabilities	(112)	(68)
QB advances from SMM/SC	476	652
Sale of minority interest in steelmaking coal business	0	1,675
Interest and finance charges paid	(686)	(863)
Issuance of Class B subordinate voting shares	26	172
Purchase and cancellation of Class B subordinate voting shares	(1,011)	(1,240)
Dividends paid	(246)	(514)
Net contributions from non-controlling interests	157	263
Settlement of other liabilities	(25)	(102)
Net cash used in continuing financing activities	(1,846)	(2,497)
Net cash used in discontinued financing activities	0	(68)
Net cash used in financing activities	(1,846)	(2,565)
Increase (decrease) in cash and cash equivalents	(2,277)	6,398
Effect of exchange rate changes on cash and cash equivalents	(298)	445
Cash and cash equivalents at beginning of year	7,587	744
Cash and cash equivalents at end of year	$ 5,012	$ 7,587

Consolidated Balance Sheets - CAD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents (Note 12)	$ 5,012	$ 7,587
Current income taxes receivable	317	267
Trade and settlement receivables	2,564	1,661
Inventories (Note 13)	2,748	2,598
Prepaids and other current assets	523	461
Total current assets	11,164	12,574
Financial assets (Note 14)	1,058	764
Investment in joint venture and associate (Note 15)	1,231	1,223
Property, plant and equipment (Note 16)	29,721	30,568
Intangible assets (Note 17)	169	196
Deferred income tax assets (Note 23(b))	931	572
Goodwill	421	442
Other assets (Note 18)	741	698
Total assets	45,436	47,037
Current liabilities
Trade accounts payable and other liabilities (Note 19)	3,404	2,735
Current portion of debt (Note 20)	403	423
Current portion of lease liabilities (Note 21(c))	169	175
Current income taxes payable	182	850
Current portion of provisions (Note 25)	245	187
Total current liabilities	4,403	4,370
Debt (Note 20)	3,501	4,108
Lease liabilities (Note 21(c))	789	776
QB advances from SMM/SC (Note 22)	4,745	4,483
Deferred income tax liabilities (Note 23(b))	2,460	2,293
Retirement benefit liabilities (Note 24(a))	351	373
Provisions (Note 25)	2,340	2,439
Financial and other liabilities (Note 26)	840	1,099
Total liabilities	19,429	19,941
Equity
Attributable to shareholders of the company	25,096	26,077
Attributable to non-controlling interests (Note 28)	911	1,019
Total equity	26,007	27,096
Total equity and liabilities	$ 45,436	$ 47,037