Balance Sheet Forge Resources Corp.

Equities

FRG

CA34630Q1090

Diversified Mining

Market Closed - Canadian Securities Exchange Other stock markets 15:56:39 2026-03-06 EST			5-day change	1st Jan Change
0.5200 ^CAD	+1.96%		+1.96%	-7.14%

02-17	Forge Resources Corp. announced that it expects to receive CAD 10.00004 million in funding	CI
01-29	Forge Resources Corp. Reports Earnings Results for the First Quarter Ended November 30, 2025	CI

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Published financial data: FORGE RESOURCES CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: August	2021	2022	2023	2024	2025
Cost of Goods Sold, Total	-	-	-	-	-
Gross Profit	-	-	-	-	-
Selling General & Admin Expenses, Total	415K	507K	319K	1.56M	1.75M
Exploration / Drilling Costs, Total	50.22K	-	-	-	-
Stock-Based Compensation (IS)	904K	766K	37.01K	1.34M	4.33M
Impairment of Oil, Gas & Mineral Properties - (IS)	734K	-	7.5M	-	-
Other Operating Expenses, Total	2.1M	1.27M	7.86M	2.9M	6.08M
Operating Income	-2.1M	-1.27M	-7.86M	-2.9M	-6.08M
Interest Expense, Total	-12.35K	-22.22K	-	-	-22.76K
Net Interest Expenses	-12.35K	-22.22K	-	-	-22.76K
Income (Loss) On Equity Invest.	-	-	-	-135K	-55.06K
Currency Exchange Gains (Loss)	-1.61K	-67.62K	-92.26K	6.45K	-84.3K
Other Non Operating Income (Expenses)	-40.86K	-44.69K	-44.77K	-62.23K	-63.21K
EBT, Excl. Unusual Items	-2.16M	-1.41M	-8M	-3.09M	-6.3M
Gain (Loss) On Sale Of Assets	-	-	-	-3.71K	-
Other Unusual Items	-331K	-757K	-	-34.78K	-
EBT, Incl. Unusual Items	-2.49M	-2.16M	-8M	-3.13M	-6.3M
Earnings From Continuing Operations	-2.49M	-2.16M	-8M	-3.13M	-6.3M
Earnings Of Discontinued Operations	-	-	-	3.71K	-
Net Income to Company	-2.49M	-2.16M	-8M	-3.12M	-6.3M
Minority Interest	-	-	-	-	56.97K
Net Income - (IS)	-2.49M	-2.16M	-8M	-3.12M	-6.25M
Net Income to Common Incl Extra Items	-2.49M	-2.16M	-8M	-3.12M	-6.25M
Net Income to Common Excl. Extra Items	-2.49M	-2.16M	-8M	-3.13M	-6.25M
Per Share Items
Net EPS - Basic	-0.07	-0.04	-0.14	-0.04	-0.07
Basic EPS - Continuing Operations	-0.07	-0.04	-0.14	-0.04	-0.07
Basic Weighted Average Shares Outstanding	35.84M	50.24M	58.64M	72.34M	85.44M
Net EPS - Diluted	-0.07	-0.04	-0.14	-0.04	-0.07
Diluted EPS - Continuing Operations	-0.07	-0.04	-0.14	-0.04	-0.07
Diluted Weighted Average Shares Outstanding	35.84M	50.24M	58.64M	72.34M	85.44M
Normalized Basic EPS	-0.04	-0.02	-0.09	-0.03	-0.05
Normalized Diluted EPS	-0.04	-0.02	-0.09	-0.03	-0.05
Supplemental Items
EBITDA	-1.37M	-538K	-356K	4.61M	-
EBITA	-2.1M	-1.27M	-7.86M	-2.9M	-6.08M
EBIT	-2.1M	-1.27M	-7.86M	-2.9M	-6.08M
EBITDAR	-1.33M	-502K	-320K	4.64M	-
Normalized Net Income	-1.35M	-879K	-5M	-1.93M	-3.88M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	930K	594K
Selling and Marketing Expenses	-	-	-	930K	594K
General and Administrative Expenses	378K	471K	283K	591K	1.12M
Exploration/Drilling Costs	50.22K	-	-	-	-
Net Rental Expense, Total	36.5K	36K	36K	36K	36K
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	904K	766K	37.01K	1.34M	4.33M
Total Stock-Based Compensation	904K	766K	37.01K	1.34M	4.33M

Fiscal Period: August	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	46.36K	154K	34.55K	344K	380K
Total Cash And Short Term Investments	46.36K	154K	34.55K	344K	380K
Other Receivables	9.77K	20.2K	29.99K	267K	162K
Total Receivables	9.77K	20.2K	29.99K	267K	162K
Prepaid Expenses	9.25K	16.35K	13.6K	253K	151K
Other Current Assets, Total	-	-	-	66.02K	265K
Total Current Assets	65.38K	190K	78.13K	930K	958K
Gross Property Plant And Equipment	3.27M	7.48M	557K	3.61M	16.26M
Net Property Plant And Equipment	3.27M	7.48M	557K	3.61M	16.26M
Long-term Investments	-	-	-	2.78M	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	3.34M	7.67M	635K	7.32M	17.22M
Liabilities
Accounts Payable, Total	504K	830K	1.29M	114K	751K
Accrued Expenses, Total	16.22K	17.85K	83.72K	23.51K	271K
Short-term Borrowings	1.09M	-	-	-	1.25M
Current Portion of Long-Term Debt	-	-	-	-	-
Other Current Liabilities	-	-	-	28.4K	819K
Total Current Liabilities	1.61M	848K	1.37M	166K	3.09M
Long-Term Debt	-	-	-	-	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	1.61M	848K	1.37M	166K	3.09M
Common Stock, Total	6.15M	12.17M	12.57M	22.26M	32.67M
Retained Earnings	-5.57M	-7.73M	-15.73M	-18.85M	-25.1M
Treasury Stock	-	-	-	-	-4.6M
Comprehensive Income and Other	1.15M	2.38M	2.42M	3.74M	8.46M
Total Common Equity	1.73M	6.82M	-735K	7.15M	11.44M
Minority Interest	-	-	-	-	2.69M
Total Equity	1.73M	6.82M	-735K	7.15M	14.13M
Total Liabilities And Equity	3.34M	7.67M	635K	7.32M	17.22M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	42.02M	58.2M	68.44M	82.89M	93.01M
ECS Total Common Shares Outstanding	38.56M	58.2M	61.55M	82.83M	93.01M
Book Value / Share	0.04	0.12	-0.01	0.09	0.12
Tangible Book Value	1.73M	6.82M	-735K	7.15M	11.44M
Tangible Book Value Per Share	0.04	0.12	-0.01	0.09	0.12
Total Debt	1.09M	0	0	0	1.25M
Net Debt	1.04M	-154K	-34.55K	-344K	869K
Debt Equivalent Oper. Leases	292K	288K	288K	288K	288K
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	2.69M
Equity Method Investments, Total	-	-	-	2.78M	-
Account Code - Inventory Valuation	-	3	3	3	3

Fiscal Period: August	2021	2022	2023	2024	2025
Net Income	-2.49M	-2.16M	-8M	-3.12M	-6.25M
Impairment of Oil, Gas & Mineral Properties - (CF)	734K	-	7.5M	-	-
Depreciation & Amortization, Total	734K	-	7.5M	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	135K	55.06K
Stock-Based Compensation (CF)	904K	766K	37.01K	1.34M	4.33M
Net Cash From Discontinued Operations	-	-	-	3.71K	-
Other Operating Activities, Total	331K	779K	-	34.78K	-34.21K
Change In Accounts Receivable	6.19K	-	-	-	-
Change In Accounts Payable	453K	-447K	138K	-430K	572K
Change in Other Net Operating Assets	-135K	-15.9K	58.83K	-508K	512K
Cash from Operations	-195K	-1.08M	-260K	-2.55M	-815K
Capital Expenditure	-1.34M	-1.82M	-258K	-3.08M	-2.15M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	312K
Divestitures	-	-	-	-3.71K	-
Investment in Marketable and Equity Securities, Total	-	-	-	-1.5M	-3.01M
Cash from Investing	-1.34M	-1.82M	-258K	-4.58M	-4.84M
Short Term Debt Issued, Total	1.09M	296K	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	1.09M	296K	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	496K	2.77M	402K	8.03M	5.81M
Other Financing Activities, Total	-	-55.02K	-3.7K	-599K	-108K
Cash from Financing	1.58M	3.01M	398K	7.44M	5.7M
Foreign Exchange Rate Adjustments	-	-	-	-	-9.45K
Net Change in Cash	41.64K	107K	-119K	309K	36.03K
Supplemental Items
Levered Free Cash Flow	-562K	-1.56M	2.89M	-5.29M	51.33K
Unlevered Free Cash Flow	-554K	-1.54M	2.89M	-5.29M	65.55K
Change In Net Working Capital	-466K	-310K	-515K	1.75M	-1.68M
Net Debt Issued / Repaid	1.09M	296K	-	-	-

Fiscal Period: August	2021	2022	2023	2024	2025
Profitability
Return on Assets	-52.63	-14.45	-118.32	-45.51	-30.96
Return on Total Capital	-59.41	-16.51	-161.43	-56.4	-33.72
Return On Equity %	-149.05	-50.61	-262.79	-97.38	-59.23
Return on Common Equity	-149.05	-50.61	-262.79	-97.38	-67.2
Short Term Liquidity
Current Ratio	0.04	0.22	0.06	5.61	0.31
Quick Ratio	0.03	0.21	0.05	3.68	0.18
Operating Cash Flow to Current Liabilities	-0.12	-1.28	-0.19	-15.37	-0.26
Average Days Payable Outstanding	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	62.76	-	-	-	8.84
Total Debt / Total Capital	38.56	-	-	-	8.12
LT Debt/Equity	-	-	-	-	-
Long-Term Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	48.14	11.05	215.66	2.26	17.94
EBIT / Interest Expense	-170.3	-57.26	-	-	-267.04
EBITDA / Interest Expense	-110.83	-24.21	-	-	-
(EBITDA - Capex) / Interest Expense	-219.69	-106.31	-	-	-
Total Debt / EBITDA	-0.79	-	-	-	-
Net Debt / EBITDA	-0.76	0.29	0.1	-0.07	-
Total Debt / (EBITDA - Capex)	-0.4	-	-	-	-
Net Debt / (EBITDA - Capex)	-0.38	0.07	0.06	-0.22	-
Growth Over Prior Year
Gross Profit, 1 Yr. Growth %	-	-	-	-	-
EBITDA, 1 Yr. Growth %	84.83	-60.7	-33.76	39.08	-
EBITA, 1 Yr. Growth %	7.52	-39.5	517.76	-30.9	109.9
EBIT, 1 Yr. Growth %	7.52	-39.5	517.76	-30.9	109.9
Earnings From Cont. Operations, 1 Yr. Growth %	25.18	-13.06	269.62	-26.21	101.45
Net Income, 1 Yr. Growth %	25.18	-13.06	269.62	-60.97	99.87
Normalized Net Income, 1 Yr. Growth %	8.54	-34.81	468.43	-27.12	101.01
Diluted EPS Before Extra, 1 Yr. Growth %	-10.97	-37.99	216.7	-40.19	69.03
Net Property, Plant and Equip., 1 Yr. Growth %	125.35	128.71	-92.55	548.44	350.28
Total Assets, 1 Yr. Growth %	100.88	129.93	-91.72	1.05K	135.31
Tangible Book Value, 1 Yr. Growth %	7.45	294.35	-110.77	-1.07K	59.92
Common Equity, 1 Yr. Growth %	7.45	294.35	-110.77	-1.07K	59.92
Cash From Operations, 1 Yr. Growth %	-77.49	454.15	-76	880.67	-68.01
Capital Expenditures, 1 Yr. Growth %	47.25	35.71	-85.88	1.09K	-30.22
Levered Free Cash Flow, 1 Yr. Growth %	-32.01	177.34	-285.2	-202.18	-100.97
Unlevered Free Cash Flow, 1 Yr. Growth %	-32.94	178.7	-286.86	-202.18	-101.24
Compound Annual Growth Rate Over Two Years
Gross Profit, 2 Yr. CAGR %	-	-	-	-	-
EBITDA, 2 Yr. CAGR %	-	-14.77	-48.98	192.68	-
EBITA, 2 Yr. CAGR %	116.1	-19.35	93.32	50.86	20.43
EBIT, 2 Yr. CAGR %	116.1	-19.35	93.32	50.86	20.43
Earnings From Cont. Operations, 2 Yr. CAGR %	127.22	4.32	79.26	20.18	22
Net Income, 2 Yr. CAGR %	127.22	4.32	79.26	20.11	-11.62
Normalized Net Income, 2 Yr. CAGR %	111.58	-15.88	92.51	48.12	21.11
Diluted EPS Before Extra, 2 Yr. CAGR %	43.68	-25.7	40.14	0.15	0.61
Net Property, Plant and Equip., 2 Yr. CAGR %	94.02	127.03	-58.73	-30.51	440.35
Total Assets, 2 Yr. CAGR %	69.86	114.91	-56.36	-2.31	420.72
Tangible Book Value, 2 Yr. CAGR %	57.82	105.85	-34.83	2.4	294.61
Common Equity, 2 Yr. CAGR %	57.82	105.85	-34.83	2.4	294.61
Cash From Operations, 2 Yr. CAGR %	-2.95	11.69	15.33	53.42	77.13
Capital Expenditures, 2 Yr. CAGR %	106.76	41.36	-56.23	29.82	188.64
Levered Free Cash Flow, 2 Yr. CAGR %	31.78	37.32	126.63	84.3	-90.05
Unlevered Free Cash Flow, 2 Yr. CAGR %	30.87	36.71	128.21	85.12	-88.75
Compound Annual Growth Rate Over Three Years
Gross Profit, 3 Yr. CAGR %	-	-	-	-	-
EBITDA, 3 Yr. CAGR %	-	-	-21.64	49.88	-
EBITA, 3 Yr. CAGR %	121.88	41.37	58.98	11.25	68.42
EBIT, 3 Yr. CAGR %	121.88	41.37	58.98	11.25	68.42
Earnings From Cont. Operations, 3 Yr. CAGR %	127.71	64.95	59.04	7.88	42.82
Net Income, 3 Yr. CAGR %	127.71	64.95	59.04	7.84	42.39
Normalized Net Income, 3 Yr. CAGR %	117.14	42.91	59.04	12.67	64.06
Diluted EPS Before Extra, 3 Yr. CAGR %	38.3	8.58	20.47	-14.64	19.29
Net Property, Plant and Equip., 3 Yr. CAGR %	102.72	104.95	-27.32	3.37	29.56
Total Assets, 3 Yr. CAGR %	83.48	87.9	-27.41	29.95	30.95
Tangible Book Value, 3 Yr. CAGR %	231.19	114.16	-23.01	60.51	18.81
Common Equity, 3 Yr. CAGR %	231.19	114.16	-23.01	60.51	18.81
Cash From Operations, 3 Yr. CAGR %	26.13	73.46	-33.1	135.4	-9.02
Capital Expenditures, 3 Yr. CAGR %	100.08	79.69	-34.42	31.76	5.55
Levered Free Cash Flow, 3 Yr. CAGR %	120.79	68.88	51.72	111.2	-67.94
Unlevered Free Cash Flow, 3 Yr. CAGR %	119.78	68.37	51.72	112.17	-65.12
Compound Annual Growth Rate Over Five Years
EBITA, 5 Yr. CAGR %	71.27	57.06	109.98	45.09	25.45
EBIT, 5 Yr. CAGR %	71.27	57.06	109.98	45.09	25.45
Earnings From Cont. Operations, 5 Yr. CAGR %	78.97	74.11	106.93	45.33	25.96
Net Income, 5 Yr. CAGR %	78.97	74.11	106.93	45.29	25.73
Normalized Net Income, 5 Yr. CAGR %	73.94	59.75	106.93	44.97	25.59
Diluted EPS Before Extra, 5 Yr. CAGR %	31.1	19.2	39.03	5.13	-1.29
Net Property, Plant and Equip., 5 Yr. CAGR %	72.48	100.45	7.25	32.98	62.15
Total Assets, 5 Yr. CAGR %	67.12	89.12	3.3	44.64	59.65
Tangible Book Value, 5 Yr. CAGR %	132	143.25	72.85	59.43	48.02
Common Equity, 5 Yr. CAGR %	132	143.25	72.85	59.43	48.02
Cash From Operations, 5 Yr. CAGR %	50.09	81.52	21.69	65.15	-1.24
Capital Expenditures, 5 Yr. CAGR %	208.9	155.04	8.94	57.78	18.64
Levered Free Cash Flow, 5 Yr. CAGR %	97.04	46.2	123.11	74.88	-42.64
Unlevered Free Cash Flow, 5 Yr. CAGR %	96.5	45.94	123.11	74.88	-39.76