Income Statement Cartier Resources Inc.

Stocks

ECR

CA1467721082

Diversified Mining

Delayed Toronto S.E. 09:56:04 2026-10-02 EDT			5-day change	1st Jan Change
0.2550 ^CAD	-1.92%		-10.53%	+2.00%

09-17	Cartier Resources Inc. Announces Updated Preliminary Economic Assessment for Cadillac Project	CI
08-20	Cartier Resources Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

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Published financial data: CARTIER RESOURCES INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Selling General & Admin Expenses, Total	1.26M	1.28M	1.48M	1.28M	1.85M
Exploration / Drilling Costs, Total	21K	55.41K	7.36K	2.18K	11.03K
Depreciation & Amortization - (IS)	20.33K	23.56K	22.74K	24.34K	26.31K
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	9.92M	3.39M
Other Operating Expenses, Total	1.3M	1.36M	1.51M	11.22M	5.28M
Operating Income	-1.3M	-1.36M	-1.51M	-11.22M	-5.28M
Interest Expense, Total	-18.21K	-12.3K	-7.3K	-6.32K	-43.1K
Interest And Investment Income	38.58K	110K	141K	99.06K	162K
Net Interest Expenses	20.36K	97.24K	133K	92.74K	119K
Other Non Operating Income (Expenses)	-120K	-201K	-210K	-152K	-287K
EBT, Excl. Unusual Items	-1.4M	-1.46M	-1.59M	-11.28M	-5.45M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	52K	11K	94K	26.86K	258K
EBT, Incl. Unusual Items	-1.35M	-1.45M	-1.49M	-11.26M	-5.19M
Income Tax Expense	-1.06M	-398K	-105K	-1.11M	-850K
Earnings From Continuing Operations	-290K	-1.05M	-1.39M	-10.14M	-4.34M
Net Income to Company	-290K	-1.05M	-1.39M	-10.14M	-4.34M
Net Income - (IS)	-290K	-1.05M	-1.39M	-10.14M	-4.34M
Net Income to Common Incl Extra Items	-290K	-1.05M	-1.39M	-10.14M	-4.34M
Net Income to Common Excl. Extra Items	-290K	-1.05M	-1.39M	-10.14M	-4.34M
Per Share Items
Net EPS - Basic	-0	-0	-0	-0.03	-0.01
Basic EPS - Continuing Operations	-0	-0	-0	-0.03	-0.01
Basic Weighted Average Shares Outstanding	217M	267M	324M	355M	418M
Net EPS - Diluted	-0	-0	-0	-0.03	-0.01
Diluted EPS - Continuing Operations	-0	-0	-0	-0.03	-0.01
Diluted Weighted Average Shares Outstanding	217M	267M	324M	355M	418M
Normalized Basic EPS	-0	-0	-0	-0.02	-0.01
Normalized Diluted EPS	-0	-0	-0	-0.02	-0.01
Supplemental Items
EBITDA	-1.3M	-1.36M	-1.51M	-11.22M	-1.89M
EBITA	-1.3M	-1.36M	-1.51M	-11.22M	-5.28M
EBIT	-1.3M	-1.36M	-1.51M	-11.22M	-5.28M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	78.5	27.44	7.06	9.9	16.39
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-877K	-914K	-992K	-7.05M	-3.4M
Interest Capitalized	2.67K	2.34K	1.05K	-	-
Interest on Long-Term Debt	979	809	491	1.06K	1.01K
Supplemental Operating Expense Items
Advertising Expense	14.89K	78.31K	100K	29.16K	229K
Marketing Expenses	179K	276K	389K	151K	226K
Selling and Marketing Expenses	194K	354K	490K	180K	455K
General and Administrative Expenses	182K	191K	186K	485K	711K
Exploration/Drilling Costs	21K	55.41K	7.36K	2.18K	11.03K
Net Rental Expense, Total	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	27.5K	13.76K	1.29K	288K	484K
Stock-Based Comp., SG&A Exp. (Total)	414K	173K	226K	-	-
Stock-Based Comp., Other (Total)	30.23K	6.81K	28.38K	35.63K	33.58K
Total Stock-Based Compensation	472K	193K	256K	324K	517K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	6.2M	6.97M	4.74M	1.23M	7.75M
Short Term Investments	80.5K	40.8K	110K	145K	131K
Total Cash And Short Term Investments	6.28M	7.01M	4.85M	1.37M	7.88M
Other Receivables	124K	360K	287K	974K	1.07M
Total Receivables	124K	360K	287K	974K	1.07M
Prepaid Expenses	66.93K	73.01K	41.09K	21.47K	130K
Restricted Cash	-	-	-	-	-
Total Current Assets	6.47M	7.45M	5.18M	2.37M	9.08M
Gross Property Plant And Equipment	26.83M	37.69M	42.09M	35.44M	35.35M
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	26.83M	37.69M	42.09M	35.44M	35.35M
Total Assets	33.3M	45.14M	47.26M	37.81M	44.43M
Liabilities
Accounts Payable, Total	212K	869K	162K	162K	526K
Current Portion of Long-Term Debt	-	40K	-	-	-
Current Portion of Leases	39.42K	36.03K	35.66K	36.2K	37.3K
Unearned Revenue Current, Total	814K	647K	148K	346K	820K
Total Current Liabilities	1.07M	1.59M	345K	545K	1.38M
Long-Term Debt	40K	-	-	-	-
Long-Term Leases	40.57K	9.21K	83K	46.8K	9.5K
Deferred Tax Liability Non Current	3.41M	4.03M	4.72M	3.76M	3.86M
Total Liabilities	4.55M	5.63M	5.14M	4.35M	5.26M
Common Stock, Total	43.93M	55.13M	59M	60.56M	70.02M
Additional Paid In Capital	3.59M	3.82M	4.1M	4.47M	4.84M
Retained Earnings	-18.82M	-19.88M	-21.26M	-31.41M	-35.75M
Comprehensive Income and Other	52.07K	435K	283K	-155K	58.39K
Total Common Equity	28.75M	39.51M	42.12M	33.46M	39.18M
Total Equity	28.75M	39.51M	42.12M	33.46M	39.18M
Total Liabilities And Equity	33.3M	45.14M	47.26M	37.81M	44.43M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	218M	315M	352M	441M	446M
ECS Total Common Shares Outstanding	218M	315M	352M	365M	444M
Book Value / Share	0.13	0.13	0.12	0.09	0.09
Tangible Book Value	28.75M	39.51M	42.12M	33.46M	39.18M
Tangible Book Value Per Share	0.13	0.13	0.12	0.09	0.09
Total Debt	120K	85.24K	119K	83K	46.8K
Net Debt	-6.16M	-6.93M	-4.73M	-1.29M	-7.83M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	-	-	-	-	-

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-290K	-1.05M	-1.39M	-10.14M	-4.34M
Depreciation & Amortization - CF	20.33K	23.56K	22.74K	24.34K	26.31K
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	3.39M
Depreciation & Amortization, Total	20.33K	23.56K	22.74K	24.34K	3.41M
(Gain) Loss From Sale Of Asset	-52K	-11K	-94K	9.92M	-258K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	442K	187K	227K	288K	484K
Other Operating Activities, Total	-1.06M	-400K	-106K	-1.14M	-857K
Change In Accounts Receivable	-8.26K	-225K	292K	-162K	-84.11K
Change In Accounts Payable	24.56K	49.61K	-61.26K	-9.42K	17.75K
Change in Other Net Operating Assets	71.63K	-6.09K	31.92K	19.62K	-109K
Cash from Operations	-857K	-1.44M	-1.08M	-1.2M	-1.73M
Capital Expenditure	-7.39M	-3.72M	-5.27M	-4.01M	-2.89M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	156K
Other Investing Activities, Total	1.09M	150K	10.33K	266K	200K
Cash from Investing	-6.3M	-3.57M	-5.26M	-3.74M	-2.54M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-37.16K	-34.74K	-76.03K	-35.66K	-36.2K
Total Debt Repaid	-37.16K	-34.74K	-76.03K	-35.66K	-36.2K
Issuance of Common Stock	125K	6.02M	4.26M	1.49M	11.66M
Other Financing Activities, Total	-	-211K	-88.15K	-21.98K	-833K
Cash from Financing	87.84K	5.77M	4.1M	1.43M	10.79M
Net Change in Cash	-7.07M	773K	-2.23M	-3.51M	6.52M
Supplemental Items
Cash Interest Paid	3.65K	2.34K	1.05K	2.26K	2K
Levered Free Cash Flow	-9.04M	-4.11M	-7.04M	-11.14M	-1.65M
Unlevered Free Cash Flow	-9.03M	-4.1M	-7.03M	-11.14M	-1.63M
Change In Net Working Capital	1.31M	-249K	1.1M	468K	-635K
Net Debt Issued / Repaid	-37.16K	-34.74K	-76.03K	-35.66K	-36.2K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-2.43	-2.17	-2.04	-16.49	-8.02
Return on Total Capital	-2.86	-2.48	-2.31	-18.51	-9.07
Return On Equity %	-1.02	-3.09	-3.4	-26.84	-11.95
Return on Common Equity	-1.02	-3.09	-3.4	-26.84	-11.95
Short Term Liquidity
Current Ratio	6.08	4.68	15.01	4.35	6.56
Quick Ratio	6.01	4.63	14.89	4.31	6.47
Operating Cash Flow to Current Liabilities	-0.8	-0.9	-3.12	-2.21	-1.25
Long Term Solvency
Total Debt/Equity	0.42	0.22	0.28	0.25	0.12
Total Debt / Total Capital	0.42	0.22	0.28	0.25	0.12
LT Debt/Equity	0.28	0.02	0.2	0.14	0.02
Long-Term Debt / Total Capital	0.28	0.02	0.2	0.14	0.02
Total Liabilities / Total Assets	13.67	12.47	10.89	11.5	11.83
EBIT / Interest Expense	-71.55	-110.49	-206.89	-1.78K	-122.5
EBITDA / Interest Expense	-70.43	-108.57	-203.78	-1.77K	-43.27
(EBITDA - Capex) / Interest Expense	-476.47	-410.68	-924.77	-2.4K	-110.44
Total Debt / EBITDA	-0.09	-0.06	-0.08	-0.01	-0.03
Net Debt / EBITDA	4.8	5.19	3.18	0.12	4.2
Total Debt / (EBITDA - Capex)	-0.01	-0.02	-0.02	-0.01	-0.01
Net Debt / (EBITDA - Capex)	0.71	1.37	0.7	0.08	1.65
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	13.89	4.15	11.17	644.08	45.31
EBITA, 1 Yr. Growth %	13.89	4.31	11.16	642.78	-52.96
EBIT, 1 Yr. Growth %	13.89	4.31	11.16	642.78	-52.96
Earnings From Cont. Operations, 1 Yr. Growth %	-65.92	262.8	31.72	630.72	-57.22
Net Income, 1 Yr. Growth %	-65.92	262.8	31.72	630.72	-57.22
Normalized Net Income, 1 Yr. Growth %	12.69	4.32	8.49	610.78	-51.72
Diluted EPS Before Extra, 1 Yr. Growth %	-68.52	195.06	8.86	567.12	-63.74
Net Property, Plant and Equip., 1 Yr. Growth %	38.46	40.48	11.66	-15.78	-0.25
Total Assets, 1 Yr. Growth %	-1.35	35.54	4.71	-20	17.51
Tangible Book Value, 1 Yr. Growth %	2.66	37.41	6.61	-20.55	17.07
Common Equity, 1 Yr. Growth %	2.66	37.41	6.61	-20.55	17.07
Cash From Operations, 1 Yr. Growth %	-13.82	67.59	-25.09	11.8	43.98
Capital Expenditures, 1 Yr. Growth %	136.58	-49.74	41.67	-23.93	-27.73
Levered Free Cash Flow, 1 Yr. Growth %	472.47	-54.56	71.36	58.32	35.41
Unlevered Free Cash Flow, 1 Yr. Growth %	475.78	-54.59	71.57	58.37	33.64
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	-45.77	8.91	7.6	187.6	11.86
EBITA, 2 Yr. CAGR %	14.41	8.99	7.68	187.35	86.93
EBIT, 2 Yr. CAGR %	14.41	8.99	7.68	187.35	86.93
Earnings From Cont. Operations, 2 Yr. CAGR %	-45.69	11.19	118.6	210.24	76.81
Net Income, 2 Yr. CAGR %	-45.69	11.19	118.6	210.24	76.81
Normalized Net Income, 2 Yr. CAGR %	13.59	8.42	6.38	177.69	85.24
Diluted EPS Before Extra, 2 Yr. CAGR %	-50.68	-3.63	79.22	169.49	55.53
Net Property, Plant and Equip., 2 Yr. CAGR %	25.58	39.47	25.24	-3.03	-8.35
Total Assets, 2 Yr. CAGR %	14.3	15.63	19.13	-8.47	-3.04
Tangible Book Value, 2 Yr. CAGR %	13.4	18.77	21.04	-7.97	-3.56
Common Equity, 2 Yr. CAGR %	13.4	18.77	21.04	-7.97	-3.56
Cash From Operations, 2 Yr. CAGR %	7.64	20.18	12.05	-8.48	26.88
Capital Expenditures, 2 Yr. CAGR %	60	9.04	-15.62	3.81	-25.86
Levered Free Cash Flow, 2 Yr. CAGR %	106.47	61.29	-11.76	64.71	-51.51
Unlevered Free Cash Flow, 2 Yr. CAGR %	106.7	61.7	-11.73	64.84	-51.89
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	2.24	-32.59	9.66	105	11.63
EBITA, 3 Yr. CAGR %	-41.9	10.94	9.71	104.98	57.19
EBIT, 3 Yr. CAGR %	-41.9	10.94	9.71	104.98	57.19
Earnings From Cont. Operations, 3 Yr. CAGR %	-61.24	2.28	17.65	226.85	60.28
Net Income, 3 Yr. CAGR %	-61.24	2.28	17.65	226.85	60.28
Normalized Net Income, 3 Yr. CAGR %	-40.98	10.41	8.44	100.37	54.98
Diluted EPS Before Extra, 3 Yr. CAGR %	-64.56	-10.47	0.37	177.75	38.09
Net Property, Plant and Equip., 3 Yr. CAGR %	22.98	30.36	29.5	9.73	-2.11
Total Assets, 3 Yr. CAGR %	12.73	20.98	11.87	4.32	-0.52
Tangible Book Value, 3 Yr. CAGR %	10.75	20.9	14.57	5.19	-0.28
Common Equity, 3 Yr. CAGR %	10.75	20.9	14.57	5.19	-0.28
Cash From Operations, 3 Yr. CAGR %	-6.4	24.76	2.66	11.97	6.44
Capital Expenditures, 3 Yr. CAGR %	1.29	8.76	18.99	-18.49	-7.99
Levered Free Cash Flow, 3 Yr. CAGR %	3.43	24.66	64.58	7.22	-26.14
Unlevered Free Cash Flow, 3 Yr. CAGR %	3.44	24.72	64.93	7.26	-26.5
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	9.8	0.1	4.35	20.43	10.53
EBITA, 5 Yr. CAGR %	9.72	-5.92	-25.63	62.34	35.77
EBIT, 5 Yr. CAGR %	9.72	-5.92	-25.63	62.34	35.77
Earnings From Cont. Operations, 5 Yr. CAGR %	-15.95	-10.81	-22.58	59.42	38.47
Net Income, 5 Yr. CAGR %	-15.95	-10.81	-22.58	59.42	38.47
Normalized Net Income, 5 Yr. CAGR %	12.8	-4.25	-25.29	59.67	34.34
Diluted EPS Before Extra, 5 Yr. CAGR %	-33.15	-21.14	-32.23	39.13	19.59
Net Property, Plant and Equip., 5 Yr. CAGR %	21.62	22.75	23.88	15.81	12.78
Total Assets, 5 Yr. CAGR %	16.11	8.83	15.25	8.21	5.65
Tangible Book Value, 5 Yr. CAGR %	15.48	8.99	14.76	8.4	6.94
Common Equity, 5 Yr. CAGR %	15.48	8.99	14.76	8.4	6.94
Cash From Operations, 5 Yr. CAGR %	7.75	6.22	0.58	10.22	11.74
Capital Expenditures, 5 Yr. CAGR %	57.06	0.72	-5.84	6.75	-1.52
Levered Free Cash Flow, 5 Yr. CAGR %	56.32	13.68	-2.94	39.35	0.94
Unlevered Free Cash Flow, 5 Yr. CAGR %	56.83	13.79	-2.92	39.44	0.75