Income Statement Adex Mining Inc.

Stocks

ADE

CA0069032070

Specialty Mining & Metals

Market Closed - Toronto S.E. 14:17:26 2026-09-16 EDT			5-day change	1st Jan Change
0.0950 ^CAD	-9.52%		0.00%	+111.11%

08-12	Adex Mining Inc. Reports Earnings Results for the Half Year Ended June 30, 2026	CI
04-24	Adex Mining Inc. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: ADEX MINING INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Cost of Goods Sold, Total	332K	282K	348K	424K	1.22M
Gross Profit	-332K	-282K	-348K	-424K	-1.22M
Selling General & Admin Expenses, Total	318K	295K	204K	289K	567K
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	23.97M	-3.34M
Other Operating Expenses	22.15K	21.02K	19.4K	19.22K	18.81K
Other Operating Expenses, Total	340K	316K	223K	24.28M	-2.75M
Operating Income	-672K	-598K	-572K	-24.71M	1.54M
Interest Expense, Total	-263K	-362K	-412K	-474K	-542K
Interest And Investment Income	616	19.06K	55.99K	57.29K	39.54K
Net Interest Expenses	-263K	-343K	-356K	-417K	-503K
Currency Exchange Gains (Loss)	-12.4K	-338K	160K	-680K	423K
Other Non Operating Income (Expenses)	-	-	-	-5.76K	-
EBT, Excl. Unusual Items	-947K	-1.28M	-768K	-25.81M	1.46M
Gain (Loss) On Sale Of Assets	-	-	-	9.5K	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-947K	-1.28M	-768K	-25.8M	1.46M
Earnings From Continuing Operations	-947K	-1.28M	-768K	-25.8M	1.46M
Net Income to Company	-947K	-1.28M	-768K	-25.8M	1.46M
Net Income - (IS)	-947K	-1.28M	-768K	-25.8M	1.46M
Net Income to Common Incl Extra Items	-947K	-1.28M	-768K	-25.8M	1.46M
Net Income to Common Excl. Extra Items	-947K	-1.28M	-768K	-25.8M	1.46M
Per Share Items
Net EPS - Basic	-0	-0	-0	-0.04	0
Basic EPS - Continuing Operations	-0	-0	-0	-0.04	0
Basic Weighted Average Shares Outstanding	677M	677M	677M	677M	677M
Net EPS - Diluted	-0	-0	-0	-0.04	0
Diluted EPS - Continuing Operations	-0	-0	-0	-0.04	0
Diluted Weighted Average Shares Outstanding	677M	677M	677M	677M	677M
Normalized Basic EPS	-0	-0	-0	-0.02	0
Normalized Diluted EPS	-0	-0	-0	-0.02	0
Supplemental Items
EBITDA	-627K	-559K	-532K	-687K	1.58M
EBITA	-672K	-598K	-572K	-24.71M	2.34M
EBIT	-672K	-598K	-572K	-24.71M	1.54M
EBITDAR	-623K	-555K	-529K	-683K	1.59M
Normalized Net Income	-592K	-800K	-480K	-16.13M	912K
Interest on Long-Term Debt	263K	362K	412K	474K	542K
Supplemental Operating Expense Items
General and Administrative Expenses	314K	292K	200K	285K	564K
Net Rental Expense, Total	3.58K	3.36K	3.35K	3.63K	3.07K
Imputed Operating Lease Interest Expense	2.19K	2.32K	2.25K	2.35K	1.96K
Imputed Operating Lease Depreciation	1.39K	1.04K	1.1K	1.28K	1.11K
Maintenance & Repair Expenses, Total	52.27K	25.96K	62.53K	57.27K	89.03K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	90.22K	89.61K	83.72K	201K	225K
Total Cash And Short Term Investments	90.22K	89.61K	83.72K	201K	225K
Other Receivables	34.11K	10.5K	19.49K	6.75K	21.11K
Total Receivables	34.11K	10.5K	19.49K	6.75K	21.11K
Prepaid Expenses	28.33K	33.6K	86.66K	57.2K	69.96K
Total Current Assets	153K	134K	190K	265K	316K
Gross Property Plant And Equipment	734K	552K	789K	927K	927K
Accumulated Depreciation	-143K	-	-276K	-448K	-493K
Net Property Plant And Equipment	591K	552K	513K	479K	434K
Other Long-Term Assets, Total	1.07M	1.09M	1.14M	1.19M	1.23M
Total Assets	1.82M	1.78M	1.85M	1.93M	1.98M
Liabilities
Accounts Payable, Total	126K	115K	87.32K	36.08K	164K
Accrued Expenses, Total	91.65K	1.44M	23.98K	36.3K	52.93K
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	4.61M	-	-	80K
Current Income Taxes Payable	-	-	-	-	-
Total Current Liabilities	218K	6.16M	111K	72.38K	297K
Long-Term Debt	3.8M	-	5.21M	6.52M	7M
Other Non Current Liabilities	911K	-	1.68M	26.29M	24.17M
Total Liabilities	4.92M	6.16M	7M	32.89M	31.47M
Common Stock, Total	55.89M	55.89M	55.89M	55.89M	55.89M
Additional Paid In Capital	2.88M	2.88M	2.88M	2.88M	2.88M
Retained Earnings	-61.87M	-63.15M	-63.92M	-89.72M	-88.26M
Total Common Equity	-3.11M	-4.38M	-5.15M	-30.95M	-29.49M
Total Equity	-3.11M	-4.38M	-5.15M	-30.95M	-29.49M
Total Liabilities And Equity	1.82M	1.78M	1.85M	1.93M	1.98M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	677M	677M	677M	677M	677M
ECS Total Common Shares Outstanding	677M	677M	677M	677M	677M
Book Value / Share	-0	-0.01	-0.01	-0.05	-0.04
Tangible Book Value	-3.11M	-4.38M	-5.15M	-30.95M	-29.49M
Tangible Book Value Per Share	-0	-0.01	-0.01	-0.05	-0.04
Total Debt	3.8M	4.61M	5.21M	6.52M	7.08M
Net Debt	3.71M	4.52M	5.13M	6.32M	6.86M
Debt Equivalent Oper. Leases	28.61K	26.86K	26.78K	29.02K	24.55K
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	143K	-	-	139K	139K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-947K	-1.28M	-768K	-25.8M	1.46M
Depreciation & Amortization - CF	44.83K	39.43K	39.43K	45.18K	45.18K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	798K
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	23.97M	-3.34M
Depreciation & Amortization, Total	44.83K	39.43K	39.43K	24.02M	-2.5M
(Gain) Loss From Sale Of Asset	-	-	-	-9.5K	-
Other Operating Activities, Total	276K	701K	251K	1.15M	119K
Change In Accounts Payable	-2.26K	14.68K	-122K	-38.92K	140K
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-14.03K	19.34K	-61.05K	47.42K	-27.12K
Cash from Operations	-643K	-505K	-660K	-631K	-805K
Capital Expenditure	-	-	-	-11.5K	-
Sale of Property, Plant, and Equipment	-	-	-	9.5K	-
Other Investing Activities, Total	-302	-18.07K	-52.89K	-51.82K	-35.29K
Cash from Investing	-302	-18.07K	-52.89K	-53.82K	-35.29K
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	694K	523K	707K	802K	865K
Total Debt Issued	694K	523K	707K	802K	865K
Cash from Financing	694K	523K	707K	802K	865K
Miscellaneous Cash Flow Adjustments	-	-1	-	-	-
Net Change in Cash	51.47K	-616	-5.88K	117K	24.38K
Supplemental Items
Levered Free Cash Flow	-556K	791K	-759K	8.27M	-1.76M
Unlevered Free Cash Flow	-391K	1.02M	-501K	8.57M	-1.42M
Change In Net Working Capital	16.3K	-1.35M	184K	-3.28K	-117K
Net Debt Issued / Repaid	694K	523K	707K	802K	865K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-23.22	-20.78	-19.71	-816.96	49.19
Return on Total Capital	-51.68	-81.59	-251.65	126.71	-4.11
Return On Equity %	35.99	34.17	16.1	142.92	-4.83
Return on Common Equity	35.99	34.17	16.1	142.92	-4.83
Short Term Liquidity
Current Ratio	0.7	0.02	1.71	3.66	1.07
Quick Ratio	0.57	0.02	0.93	2.87	0.83
Operating Cash Flow to Current Liabilities	-2.95	-0.08	-5.93	-8.72	-2.71
Average Days Payable Outstanding	142.23	156.48	105.95	53.22	30.01
Long Term Solvency
Total Debt/Equity	-122.23	-105.15	-101.13	-21.07	-24.01
Total Debt / Total Capital	549.83	2.04K	8.97K	-26.69	-31.6
LT Debt/Equity	-122.23	-	-101.13	-21.07	-23.74
Long-Term Debt / Total Capital	549.83	-	8.97K	-26.69	-31.25
Total Liabilities / Total Assets	270.7	346.65	379.06	1.7K	1.59K
EBIT / Interest Expense	-2.55	-1.65	-1.39	-52.11	2.84
EBITDA / Interest Expense	-2.38	-1.54	-1.29	-1.45	2.92
(EBITDA - Capex) / Interest Expense	-2.38	-1.54	-1.29	-1.47	2.92
Total Debt / EBITDA	-6.05	-8.25	-9.79	-9.49	4.47
Net Debt / EBITDA	-5.91	-8.09	-9.63	-9.2	4.33
Total Debt / (EBITDA - Capex)	-6.05	-8.25	-9.79	-9.34	4.47
Net Debt / (EBITDA - Capex)	-5.91	-8.09	-9.63	-9.05	4.33
Growth Over Prior Year
Gross Profit, 1 Yr. Growth %	7.05	-15.1	23.72	21.82	186.4
EBITDA, 1 Yr. Growth %	15.01	-10.91	-4.73	29.09	-330.54
EBITA, 1 Yr. Growth %	13.75	-10.99	-4.42	4.22K	-419.19
EBIT, 1 Yr. Growth %	13.75	-10.99	-4.42	4.22K	-106.23
Earnings From Cont. Operations, 1 Yr. Growth %	30.91	35.1	-40	3.26K	-105.65
Net Income, 1 Yr. Growth %	30.91	35.1	-40	3.26K	-105.65
Normalized Net Income, 1 Yr. Growth %	30.91	35.1	-40	3.26K	-105.65
Diluted EPS Before Extra, 1 Yr. Growth %	30.9	35.12	-40.02	3.26K	-105.65
Net Property, Plant and Equip., 1 Yr. Growth %	-7.04	-6.67	-7.14	-6.57	-9.43
Total Assets, 1 Yr. Growth %	1.17	-2.27	3.86	4.75	2.15
Tangible Book Value, 1 Yr. Growth %	43.88	41.21	17.51	500.74	-4.71
Common Equity, 1 Yr. Growth %	43.88	41.21	17.51	500.74	-4.71
Cash From Operations, 1 Yr. Growth %	19.23	-21.34	30.58	-4.42	27.59
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-41.24	-242.31	43.78	-1.19K	-121.23
Unlevered Free Cash Flow, 1 Yr. Growth %	-50.68	-360.06	66.41	-1.81K	-116.54
Compound Annual Growth Rate Over Two Years
Gross Profit, 2 Yr. CAGR %	-3.99	-4.67	2.49	22.77	86.78
EBITDA, 2 Yr. CAGR %	-0.43	1.22	-7.87	10.9	72.51
EBITA, 2 Yr. CAGR %	-0.45	0.62	-7.76	542.78	102.2
EBIT, 2 Yr. CAGR %	-0.45	0.62	-7.76	542.78	64.06
Earnings From Cont. Operations, 2 Yr. CAGR %	11.07	32.99	-9.97	349.04	37.85
Net Income, 2 Yr. CAGR %	11.07	32.99	-9.97	349.04	37.85
Normalized Net Income, 2 Yr. CAGR %	11.07	32.99	-9.97	349.12	37.85
Diluted EPS Before Extra, 2 Yr. CAGR %	11.08	32.99	-9.98	349.08	37.88
Net Property, Plant and Equip., 2 Yr. CAGR %	-6.86	-6.86	-6.91	-6.86	-8.01
Total Assets, 2 Yr. CAGR %	-0.99	-0.57	0.75	4.3	3.44
Tangible Book Value, 2 Yr. CAGR %	47.12	42.54	28.81	165.69	139.25
Common Equity, 2 Yr. CAGR %	47.12	42.54	28.81	165.69	139.25
Cash From Operations, 2 Yr. CAGR %	5.85	-3.16	1.35	11.72	10.43
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	70.41	-8.56	16.82	295.95	52.13
Unlevered Free Cash Flow, 2 Yr. CAGR %	142.79	13.26	13.19	433.33	68.14
Compound Annual Growth Rate Over Three Years
Gross Profit, 3 Yr. CAGR %	3.63	-7.85	3.99	8.57	62.82
EBITDA, 3 Yr. CAGR %	0.09	-4.05	-0.8	3.09	41.53
EBITA, 3 Yr. CAGR %	0.05	-4.09	-1.09	232.55	57.51
EBIT, 3 Yr. CAGR %	0.05	-4.09	-1.09	232.55	37.02
Earnings From Cont. Operations, 3 Yr. CAGR %	17.39	18.56	2	200.89	4.47
Net Income, 3 Yr. CAGR %	17.39	18.56	2	200.89	4.47
Normalized Net Income, 3 Yr. CAGR %	-1.36	18.56	2	200.93	4.47
Diluted EPS Before Extra, 3 Yr. CAGR %	17.4	18.58	1.99	200.92	4.47
Net Property, Plant and Equip., 3 Yr. CAGR %	-6.65	-6.79	-6.95	-6.79	-7.72
Total Assets, 3 Yr. CAGR %	-2.23	-1.42	0.89	2.07	3.58
Tangible Book Value, 3 Yr. CAGR %	66.98	45.12	33.65	115.21	88.77
Common Equity, 3 Yr. CAGR %	66.98	45.12	33.65	115.21	88.77
Cash From Operations, 3 Yr. CAGR %	-5.61	-4.13	6.99	-0.61	16.78
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-13.46	60.48	-7.1	145.96	49.3
Unlevered Free Cash Flow, 3 Yr. CAGR %	-20.1	148.42	-14.19	179.77	67.56
Compound Annual Growth Rate Over Five Years
Gross Profit, 5 Yr. CAGR %	0.3	-2.21	3.17	3.36	31.44
EBITDA, 5 Yr. CAGR %	-7.75	-8.31	-3.18	1.67	23.77
EBITA, 5 Yr. CAGR %	-45.84	-8	-3.15	105.28	31.66
EBIT, 5 Yr. CAGR %	-45.84	-8	-3.15	105.28	21.1
Earnings From Cont. Operations, 5 Yr. CAGR %	-42.02	6.76	5.57	101.97	15.06
Net Income, 5 Yr. CAGR %	-42.02	6.76	5.57	101.97	15.06
Normalized Net Income, 5 Yr. CAGR %	-42.02	6.76	-4.9	101.98	15.06
Diluted EPS Before Extra, 5 Yr. CAGR %	-42.02	6.76	5.57	101.99	15.06
Net Property, Plant and Equip., 5 Yr. CAGR %	-6.28	-6.5	-6.75	-6.82	-7.38
Total Assets, 5 Yr. CAGR %	-2.13	-2.22	-1.05	0.83	1.9
Tangible Book Value, 5 Yr. CAGR %	29.85	121.94	50.52	84.84	68.71
Common Equity, 5 Yr. CAGR %	29.85	121.94	50.52	84.84	68.71
Cash From Operations, 5 Yr. CAGR %	-1.52	-4.94	-2.89	1.92	8.35
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-34.74	18.03	-2.43	112.38	13.16
Unlevered Free Cash Flow, 5 Yr. CAGR %	-39.19	28.04	-8.16	164.35	12.31