Income Statement Brunswick Exploration Inc.

Stocks

BRW

CA1170881041

Specialty Mining & Metals

Market Closed - Toronto S.E. 15:25:20 2026-09-04 EDT			5-day change	1st Jan Change
0.1350 ^CAD	-3.57%		-12.90%	-32.50%

08-13	Brunswick Exploration Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
07-06	Brunswick Exploration Launches Summer Drill Program For Quebec Projects	MT

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Published financial data: BRUNSWICK EXPLORATION INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Selling General & Admin Expenses, Total	1.36M	1.18M	2.58M	2.36M	2.19M
Exploration / Drilling Costs, Total	-	-	-	373K	321K
Stock-Based Compensation (IS)	114K	189K	701K	1.09M	644K
Depreciation & Amortization - (IS)	-	15.69K	30.13K	24.43K	19.11K
Amortization of Goodwill and Intangible Assets - (IS)	8.76K	-	-	-	-
Impairment of Oil, Gas & Mineral Properties - (IS)	-	4.31M	3.1M	5.06M	82.76K
Other Operating Expenses, Total	1.49M	5.69M	6.41M	8.91M	3.26M
Operating Income	-1.49M	-5.69M	-6.41M	-8.91M	-3.26M
Interest Expense, Total	-180K	-68.47K	-31.55K	-	-
Interest And Investment Income	4.87K	72.67K	635K	310K	84.96K
Net Interest Expenses	-176K	4.2K	604K	310K	84.96K
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-	-109K	-43.48K	-
EBT, Excl. Unusual Items	-1.66M	-5.69M	-5.92M	-8.64M	-3.17M
Gain (Loss) On Sale Of Investments	359K	-	-	-	-
Other Unusual Items	132K	-	-	-	-
EBT, Incl. Unusual Items	-1.17M	-5.69M	-5.92M	-8.64M	-3.17M
Income Tax Expense	-	-139K	-719K	-313K	-1.81M
Earnings From Continuing Operations	-1.17M	-5.55M	-5.2M	-8.33M	-1.36M
Earnings Of Discontinued Operations	1.11M	-	-	-	-
Net Income to Company	-64.19K	-5.55M	-5.2M	-8.33M	-1.36M
Net Income - (IS)	-64.19K	-5.55M	-5.2M	-8.33M	-1.36M
Net Income to Common Incl Extra Items	-64.19K	-5.55M	-5.2M	-8.33M	-1.36M
Net Income to Common Excl. Extra Items	-1.17M	-5.55M	-5.2M	-8.33M	-1.36M
Per Share Items
Net EPS - Basic	-0	-0.04	-0.03	-0.04	-0.01
Basic EPS - Continuing Operations	-0.01	-0.04	-0.03	-0.04	-0.01
Basic Weighted Average Shares Outstanding	131M	147M	186M	197M	236M
Net EPS - Diluted	-0	-0.04	-0.03	-0.04	-0.01
Diluted EPS - Continuing Operations	-0.01	-0.04	-0.03	-0.04	-0.01
Diluted Weighted Average Shares Outstanding	131M	147M	186M	197M	236M
Normalized Basic EPS	-0.01	-0.02	-0.02	-0.03	-0.01
Normalized Diluted EPS	-0.01	-0.02	-0.02	-0.03	-0.01
Supplemental Items
EBITDA	-1.48M	-1.37M	-3.28M	-3.83M	-3.15M
EBITA	-1.48M	-5.69M	-6.41M	-8.91M	-3.26M
EBIT	-1.49M	-5.69M	-6.41M	-8.91M	-3.26M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	-	2.44	12.14	3.62	56.99
Total Deferred Taxes	-	-139K	-719K	-313K	-1.81M
Normalized Net Income	-1.04M	-3.56M	-3.7M	-5.4M	-1.98M
Interest on Long-Term Debt	180K	68.47K	31.55K	-	-
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	1.36M	1.18M	2.58M	2.36M	2.19M
Exploration/Drilling Costs	-	-	-	373K	321K
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	114K	189K	701K	1.09M	644K
Total Stock-Based Compensation	114K	189K	701K	1.09M	644K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	1.49M	8.05M	12.19M	5.63M	2.95M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	1.49M	8.05M	12.19M	5.63M	2.95M
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	727K	265K	979K	1.73M	294K
Total Receivables	727K	265K	979K	1.73M	294K
Inventory	-	-	-	-	-
Prepaid Expenses	91.64K	162K	322K	362K	353K
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	2.31M	8.48M	13.5M	7.71M	3.6M
Gross Property Plant And Equipment	3.96M	3.08M	10.19M	14.36M	21.5M
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	3.96M	3.08M	10.19M	14.36M	21.5M
Other Intangibles, Total	23.71K	-	-	-	-
Total Assets	6.29M	11.56M	23.69M	22.08M	25.1M
Liabilities
Accounts Payable, Total	812K	497K	1.08M	947K	808K
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	265K	302K	-	-	-
Current Portion of Leases	-	-	51K	-	-
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	-	671K	313K	1.81M	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	1.08M	1.47M	1.44M	2.75M	808K
Long-Term Debt	302K	-	-	-	-
Long-Term Leases	85K	42.5K	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Total Liabilities	1.46M	1.51M	1.44M	2.75M	808K
Common Stock, Total	23.15M	33.66M	49.73M	54.07M	59.28M
Additional Paid In Capital	2.51M	2.54M	2.54M	2.54M	3.91M
Retained Earnings	-21.83M	-28.05M	-34.6M	-43.08M	-45.02M
Comprehensive Income and Other	997K	1.9M	4.57M	5.8M	6.12M
Total Common Equity	4.82M	10.05M	22.24M	19.32M	24.29M
Total Equity	4.82M	10.05M	22.24M	19.32M	24.29M
Total Liabilities And Equity	6.29M	11.56M	23.69M	22.08M	25.1M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	131M	186M	194M	218M	261M
ECS Total Common Shares Outstanding	131M	173M	194M	218M	259M
Book Value / Share	0.04	0.06	0.11	0.09	0.09
Tangible Book Value	4.8M	10.05M	22.24M	19.32M	24.29M
Tangible Book Value Per Share	0.04	0.06	0.11	0.09	0.09
Total Debt	652K	344K	51K	0	0
Net Debt	-838K	-7.71M	-12.14M	-5.63M	-2.95M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	-	42.44K	40.51K	23.89K	4.78K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-64.19K	-5.55M	-5.2M	-8.33M	-1.36M
Depreciation & Amortization - CF	-	15.69K	30.13K	24.43K	19.11K
Amortization of Goodwill and Intangible Assets - (CF)	8.76K	-	-	-	-
Impairment of Oil, Gas & Mineral Properties - (CF)	-	4.31M	3.1M	5.06M	82.76K
Depreciation & Amortization, Total	8.76K	4.32M	3.13M	5.08M	102K
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-359K	-	-	-	-
Stock-Based Compensation (CF)	114K	189K	701K	1.09M	644K
Net Cash From Discontinued Operations	-462K	-	-	-	-
Other Operating Activities, Total	-58.17K	-70.26K	-687K	-313K	-1.81M
Change In Accounts Receivable	-	-	-	-	-
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-4.27K	-40.95K	476K	-126K	-16.64K
Change in Other Net Operating Assets	-438K	392K	-95.65K	15.09K	36.5K
Cash from Operations	-1.26M	-757K	-1.68M	-2.58M	-2.4M
Capital Expenditure	-2.88M	-3.88M	-9.21M	-9.66M	-7.16M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-7.83K	-	-	-	-
Investment in Marketable and Equity Securities, Total	1.73M	-	-	-	-
Other Investing Activities, Total	-	130K	70.58K	887K	1.85M
Cash from Investing	-1.16M	-3.75M	-9.14M	-8.78M	-5.31M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-933K	-	-	-	-
Total Debt Repaid	-933K	-	-	-	-
Issuance of Common Stock	-	9.85M	16.19M	4.95M	4.7M
Other Financing Activities, Total	-	1.21M	-1.23M	-163K	336K
Cash from Financing	-933K	11.07M	14.96M	4.79M	5.04M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	1	-
Net Change in Cash	-3.36M	6.56M	4.14M	-6.57M	-2.68M
Supplemental Items
Cash Interest Paid	420K	102K	-	-	-
Levered Free Cash Flow	-4.91M	-2.22M	-10.06M	-8.48M	-8.95M
Unlevered Free Cash Flow	-4.8M	-2.17M	-10.04M	-8.48M	-8.95M
Change In Net Working Capital	1.1M	-748K	650K	-576K	505K
Net Debt Issued / Repaid	-933K	-	-	-	-

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-10.8	-39.88	-22.75	-24.34	-8.63
Return on Total Capital	-15.74	-44.86	-24.53	-26.76	-9.33
Return On Equity %	-24.41	-74.66	-32.21	-40.08	-6.25
Return on Common Equity	-24.41	-74.66	-32.21	-40.08	-6.25
Short Term Liquidity
Current Ratio	2.14	5.77	9.35	2.8	4.45
Quick Ratio	2.06	5.66	9.13	2.67	4.01
Operating Cash Flow to Current Liabilities	-1.17	-0.52	-1.16	-0.94	-2.97
Long Term Solvency
Total Debt/Equity	13.51	3.43	0.23	-	-
Total Debt / Total Capital	11.9	3.31	0.23	-	-
LT Debt/Equity	8.02	0.42	-	-	-
Long-Term Debt / Total Capital	7.06	0.41	-	-	-
Total Liabilities / Total Assets	23.28	13.08	6.09	12.47	3.22
EBIT / Interest Expense	-8.24	-83.17	-203.27	-	-
EBITDA / Interest Expense	-8.19	-20.01	-104.06	-	-
(EBITDA - Capex) / Interest Expense	-24.19	-76.62	-395.99	-	-
Total Debt / EBITDA	-0.44	-0.25	-0.02	-	-
Net Debt / EBITDA	0.57	5.63	3.7	1.47	0.93
Total Debt / (EBITDA - Capex)	-0.15	-0.07	-0	-	-
Net Debt / (EBITDA - Capex)	0.19	1.47	0.97	0.42	0.29
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	118.08	-7.3	139.61	16.59	-17.62
EBITA, 1 Yr. Growth %	115.41	282.93	12.64	38.92	-63.46
EBIT, 1 Yr. Growth %	116.69	282.93	12.64	38.92	-63.46
Earnings From Cont. Operations, 1 Yr. Growth %	-32.91	373.89	-6.32	60.19	-83.63
Net Income, 1 Yr. Growth %	-129.08	8.55K	-6.32	60.19	-83.63
Normalized Net Income, 1 Yr. Growth %	42.23	242.25	4.03	46.02	-63.32
Diluted EPS Before Extra, 1 Yr. Growth %	-54.14	322.49	-25.62	50.87	-86.31
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	-
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	639.07	-22.65	230.98	40.96	49.69
Total Assets, 1 Yr. Growth %	-42.45	83.82	104.92	-6.79	13.68
Tangible Book Value, 1 Yr. Growth %	1.12	108.24	121.39	-13.13	25.7
Common Equity, 1 Yr. Growth %	1.09	108.24	121.39	-13.13	25.7
Cash From Operations, 1 Yr. Growth %	14.51	-40.05	121.34	53.9	-6.81
Capital Expenditures, 1 Yr. Growth %	558.93	33.98	137.68	4.89	-25.9
Levered Free Cash Flow, 1 Yr. Growth %	339.29	-54.89	353.82	-15.68	5.57
Unlevered Free Cash Flow, 1 Yr. Growth %	483.09	-54.72	361.84	-15.52	5.57
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	25.9	42.18	49.04	67.14	-2
EBITA, 2 Yr. CAGR %	25.27	188.06	107.68	25.09	-28.76
EBIT, 2 Yr. CAGR %	25.64	188.06	107.68	25.09	-28.76
Earnings From Cont. Operations, 2 Yr. CAGR %	-12.75	78.3	110.7	22.5	-48.8
Net Income, 2 Yr. CAGR %	-87.06	401.5	800.14	22.5	-48.8
Normalized Net Income, 2 Yr. CAGR %	3.94	120.63	88.69	23.25	-26.81
Diluted EPS Before Extra, 2 Yr. CAGR %	-34.75	39.2	77.27	5.93	-54.55
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	86.53	139.81	60.01	116	45.26
Total Assets, 2 Yr. CAGR %	17.18	2.86	94.08	38.2	2.94
Tangible Book Value, 2 Yr. CAGR %	1.73	45.47	114.72	38.68	4.5
Common Equity, 2 Yr. CAGR %	1.98	45.09	114.72	38.68	4.5
Cash From Operations, 2 Yr. CAGR %	-6.12	-17.14	15.2	84.56	19.76
Capital Expenditures, 2 Yr. CAGR %	385.2	197.53	78.45	57.89	-11.84
Levered Free Cash Flow, 2 Yr. CAGR %	103.66	40.78	43.09	95.61	-5.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	76.55	62.49	44.62	97.53	-5.56
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-0.21	13.69	69.2	37.32	32.03
EBITA, 3 Yr. CAGR %	-0.48	82.16	110.64	81.63	-17
EBIT, 3 Yr. CAGR %	-0.29	82.16	110.64	81.63	-17
Earnings From Cont. Operations, 3 Yr. CAGR %	-11.18	53.37	43.88	92.3	-37.37
Net Income, 3 Yr. CAGR %	-80.38	13.14	186.68	406.31	-37.37
Normalized Net Income, 3 Yr. CAGR %	-0.19	54.63	71.73	73.24	-17.71
Diluted EPS Before Extra, 3 Yr. CAGR %	-27.24	21.62	12.95	67.99	-46.44
Net Property, Plant and Equip., 3 Yr. CAGR %	53.77	39.38	167	53.39	91.15
Total Assets, 3 Yr. CAGR %	-3.17	36.15	29.42	51.99	29.49
Tangible Book Value, 3 Yr. CAGR %	81.27	29.38	67.33	58.81	34.21
Common Equity, 3 Yr. CAGR %	81.57	29.38	67.04	58.81	34.21
Cash From Operations, 3 Yr. CAGR %	-4.35	-19.16	14.97	26.87	46.97
Capital Expenditures, 3 Yr. CAGR %	8.41	216.24	176.07	49.48	22.7
Levered Free Cash Flow, 3 Yr. CAGR %	-1.14	23.23	107.96	19.96	59.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.17	12.17	130.17	20.89	60.3
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	1.26	0.18	17.15	32.64	36
EBITA, 5 Yr. CAGR %	0.93	33.08	33.72	56.73	36.53
EBIT, 5 Yr. CAGR %	1.05	33.08	33.72	56.73	36.53
Earnings From Cont. Operations, 5 Yr. CAGR %	-5.14	27.14	25.48	40.18	-4.83
Net Income, 5 Yr. CAGR %	-46.93	27.14	-9.34	16.8	43.93
Normalized Net Income, 5 Yr. CAGR %	1.91	27.97	28.77	41.22	22.09
Diluted EPS Before Extra, 5 Yr. CAGR %	-19.83	8.33	3.89	15.08	-21.52
Net Property, Plant and Equip., 5 Yr. CAGR %	-12.35	-19.98	56.42	66.07	109.3
Total Assets, 5 Yr. CAGR %	-10.99	1.53	27.88	36.97	18.1
Tangible Book Value, 5 Yr. CAGR %	-5.13	15.25	94.16	33.03	38.61
Common Equity, 5 Yr. CAGR %	-5.04	15.25	94.16	33.03	38.46
Cash From Operations, 5 Yr. CAGR %	-10.53	7.89	3.04	12.47	16.86
Capital Expenditures, 5 Yr. CAGR %	21.11	17.46	32.4	139.53	74.87
Levered Free Cash Flow, 5 Yr. CAGR %	12.05	5.66	14.62	48.25	51.59
Unlevered Free Cash Flow, 5 Yr. CAGR %	12.58	6.6	15.08	40.67	61.17