Income Statement GFM Resources Limited

Stocks

GFM.H

CA3619731001

Diversified Mining

Market Closed - Toronto S.E. 09:30:00 2026-09-25 EDT			5-day change	1st Jan Change
0.3300 ^CAD	+6.45%		+6.45%	+1,000.00%

08-21	GFM Resources Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-13	GFM Resources Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: GFM RESOURCES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Cost of Goods Sold, Total	25.66K	28.84K	36.68K	37.69K	38.16K
Gross Profit	-25.66K	-28.84K	-36.68K	-37.69K	-38.16K
Selling General & Admin Expenses, Total	111K	126K	164K	137K	144K
Stock-Based Compensation (IS)	-	-	-	4.54K	2.02K
Other Operating Expenses	3.88K	6.36K	9.17K	28.52K	122
Other Operating Expenses, Total	115K	132K	173K	170K	146K
Operating Income	-141K	-161K	-209K	-208K	-184K
Interest Expense, Total	-37.52K	-74.57K	-148K	-156K	-161K
Net Interest Expenses	-37.52K	-74.57K	-148K	-156K	-161K
Currency Exchange Gains (Loss)	-6.55K	-57.59K	34.18K	-279K	188K
Other Non Operating Income (Expenses)	-12.04K	-12.25K	-11.91K	-19.8K	-12.96K
EBT, Excl. Unusual Items	-197K	-305K	-335K	-663K	-170K
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-197K	-305K	-335K	-663K	-170K
Earnings From Continuing Operations	-197K	-305K	-335K	-663K	-170K
Net Income to Company	-197K	-305K	-335K	-663K	-170K
Net Income - (IS)	-197K	-305K	-335K	-663K	-170K
Net Income to Common Incl Extra Items	-197K	-305K	-335K	-663K	-170K
Net Income to Common Excl. Extra Items	-197K	-305K	-335K	-663K	-170K
Per Share Items
Net EPS - Basic	-0.01	-0.02	-0.02	-0.03	-0.01
Basic EPS - Continuing Operations	-0.01	-0.02	-0.02	-0.03	-0.01
Basic Weighted Average Shares Outstanding	19.09M	19.09M	19.09M	19.09M	19.09M
Net EPS - Diluted	-0.01	-0.02	-0.02	-0.03	-0.01
Diluted EPS - Continuing Operations	-0.01	-0.02	-0.02	-0.03	-0.01
Diluted Weighted Average Shares Outstanding	19.09M	19.09M	19.09M	19.09M	19.09M
Normalized Basic EPS	-0.01	-0.01	-0.01	-0.02	-0.01
Normalized Diluted EPS	-0.01	-0.01	-0.01	-0.02	-0.01
Supplemental Items
EBITA	-141K	-161K	-209K	-208K	-184K
EBIT	-141K	-161K	-209K	-208K	-184K
Normalized Net Income	-123K	-191K	-209K	-414K	-106K
Interest on Long-Term Debt	37.52K	74.57K	148K	156K	161K
Supplemental Operating Expense Items
General and Administrative Expenses	111K	126K	164K	137K	144K
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	4.54K	2.02K
Total Stock-Based Compensation	-	-	-	4.54K	2.02K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	39.55K	54.56K	30.64K	5.34K	3.74K
Total Cash And Short Term Investments	39.55K	54.56K	30.64K	5.34K	3.74K
Other Receivables	789	1.32K	1.23K	1.24K	1.39K
Total Receivables	789	1.32K	1.23K	1.24K	1.39K
Prepaid Expenses	1.75K	1.64K	1.3K	2.94K	1.25K
Total Current Assets	42.09K	57.52K	33.17K	9.53K	6.39K
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	42.09K	57.52K	33.17K	9.53K	6.39K
Liabilities
Accounts Payable, Total	316	65	28.46K	-	-
Accrued Expenses, Total	17.72K	25.12K	25.22K	30.68K	30.47K
Short-term Borrowings	1.17M	1.54M	1.89M	2.46M	2.69M
Total Current Liabilities	1.19M	1.56M	1.94M	2.49M	2.72M
Total Liabilities	1.19M	1.56M	1.94M	2.49M	2.72M
Common Stock, Total	3.48M	3.48M	3.48M	3.48M	3.48M
Additional Paid In Capital	870K	870K	870K	875K	877K
Retained Earnings	-5.64M	-5.94M	-6.28M	-6.94M	-7.11M
Comprehensive Income and Other	136K	83.12K	14.9K	99.38K	30.41K
Total Common Equity	-1.15M	-1.5M	-1.91M	-2.48M	-2.72M
Total Equity	-1.15M	-1.5M	-1.91M	-2.48M	-2.72M
Total Liabilities And Equity	42.09K	57.52K	33.17K	9.53K	6.39K
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19.09M	19.09M	19.09M	19.09M	19.09M
ECS Total Common Shares Outstanding	19.09M	19.09M	19.09M	19.09M	19.09M
Book Value / Share	-0.06	-0.08	-0.1	-0.13	-0.14
Tangible Book Value	-1.15M	-1.5M	-1.91M	-2.48M	-2.72M
Tangible Book Value Per Share	-0.06	-0.08	-0.1	-0.13	-0.14
Total Debt	1.17M	1.54M	1.89M	2.46M	2.69M
Net Debt	1.13M	1.48M	1.86M	2.45M	2.69M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-197K	-305K	-335K	-663K	-170K
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	4.54K	2.02K
Other Operating Activities, Total	40.16K	128K	51.23K	427K	-31.83K
Change In Accounts Receivable	401	-532	93	-17	-148
Change In Accounts Payable	-3.48K	1.39K	36.72K	-27.65K	-214
Change in Other Net Operating Assets	-7.4K	7.51K	-7.06K	-1.64K	1.69K
Cash from Operations	-167K	-168K	-254K	-261K	-199K
Short Term Debt Issued, Total	250K	221K	733K	392K	357K
Total Debt Issued	250K	221K	733K	392K	357K
Short Term Debt Repaid, Total	-	-	-384K	-	-
Total Debt Repaid	-	-	-384K	-	-
Other Financing Activities, Total	-47.56K	-38.14K	-119K	-156K	-160K
Cash from Financing	202K	183K	230K	236K	197K
Foreign Exchange Rate Adjustments	-83	441	249	-102	122
Net Change in Cash	35.23K	15.01K	-23.92K	-25.3K	-1.6K
Supplemental Items
Cash Interest Paid	47.56K	38.14K	128K	161K	160K
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-118K	-140K	-194K	-248K	-212K
Unlevered Free Cash Flow	-94.15K	-93.77K	-102K	-150K	-112K
Change In Net Working Capital	6.18K	-6.72K	-28.92K	24.65K	-1.33K
Net Debt Issued / Repaid	250K	221K	349K	392K	357K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-356.53	-201.79	-288.72	-608.65	-1.44K
Return on Total Capital	-2.63K	-356.49	-2.21K	623.81	508.04
Return On Equity %	18.7	23.04	19.66	30.22	6.55
Return on Common Equity	18.7	23.04	19.66	30.22	6.55
Short Term Liquidity
Current Ratio	0.04	0.04	0.02	0	0
Quick Ratio	0.03	0.04	0.02	0	0
Operating Cash Flow to Current Liabilities	-0.14	-0.11	-0.13	-0.1	-0.07
Average Days Payable Outstanding	-	2.4	141.91	-	-
Long Term Solvency
Total Debt/Equity	-102.1	-102.15	-98.92	-99.15	-99.11
Total Debt / Total Capital	4.86K	4.75K	-9.2K	-11.63K	-11.18K
Total Liabilities / Total Assets	2.82K	2.71K	5.85K	26.13K	42.65K
EBIT / Interest Expense	-3.75	-2.16	-1.42	-1.33	-1.14
Growth Over Prior Year
Gross Profit, 1 Yr. Growth %	1.91	12.4	27.17	2.75	1.26
EBITA, 1 Yr. Growth %	-22.03	14.24	30.27	-0.74	-11.57
EBIT, 1 Yr. Growth %	-22.03	14.24	30.27	-0.74	-11.57
Earnings From Cont. Operations, 1 Yr. Growth %	-10.37	55.05	9.8	97.8	-74.31
Net Income, 1 Yr. Growth %	-10.37	55.05	9.8	97.8	-74.31
Normalized Net Income, 1 Yr. Growth %	-10.37	55.05	9.8	97.8	-74.31
Diluted EPS Before Extra, 1 Yr. Growth %	-10.37	55.04	9.8	97.8	-74.31
Total Assets, 1 Yr. Growth %	479.87	36.66	-42.33	-71.27	-32.98
Tangible Book Value, 1 Yr. Growth %	19.36	31.23	26.83	30.1	9.56
Common Equity, 1 Yr. Growth %	19.36	31.23	26.83	30.1	9.56
Cash From Operations, 1 Yr. Growth %	-24.7	0.79	50.83	2.66	-23.81
Levered Free Cash Flow, 1 Yr. Growth %	-15.99	19.37	38.51	27.32	-14.21
Unlevered Free Cash Flow, 1 Yr. Growth %	-18.94	-0.4	8.77	47.12	-25.65
Compound Annual Growth Rate Over Two Years
Gross Profit, 2 Yr. CAGR %	-32.1	7.03	19.56	14.31	2
EBITA, 2 Yr. CAGR %	-18.19	-5.62	21.99	13.71	-6.31
EBIT, 2 Yr. CAGR %	-18.19	-5.62	21.99	13.71	-6.31
Earnings From Cont. Operations, 2 Yr. CAGR %	-12.23	17.88	30.48	47.37	-28.71
Net Income, 2 Yr. CAGR %	-12.23	17.88	30.48	47.37	-28.71
Normalized Net Income, 2 Yr. CAGR %	-12.23	17.88	30.48	47.37	-28.71
Diluted EPS Before Extra, 2 Yr. CAGR %	-12.23	17.88	30.47	47.37	-28.72
Total Assets, 2 Yr. CAGR %	13.2	181.5	-11.22	-59.29	-56.12
Tangible Book Value, 2 Yr. CAGR %	22.65	25.15	29.01	28.45	19.39
Common Equity, 2 Yr. CAGR %	22.65	25.15	29.01	28.45	19.39
Cash From Operations, 2 Yr. CAGR %	-11.51	-12.88	23.3	24.44	-11.56
Levered Free Cash Flow, 2 Yr. CAGR %	-12.33	0.14	28.59	32.8	4.51
Unlevered Free Cash Flow, 2 Yr. CAGR %	-13.32	-10.14	4.08	26.5	4.59
Compound Annual Growth Rate Over Three Years
Gross Profit, 3 Yr. CAGR %	-34.21	-19.68	13.36	13.67	9.78
EBITA, 3 Yr. CAGR %	-20.06	-8.56	5.08	13.89	4.57
EBIT, 3 Yr. CAGR %	-20.06	-8.56	5.08	13.89	4.57
Earnings From Cont. Operations, 3 Yr. CAGR %	-16.09	6.1	15.12	49.89	-17.67
Net Income, 3 Yr. CAGR %	-16.09	6.1	15.12	49.89	-17.67
Normalized Net Income, 3 Yr. CAGR %	-16.09	6.1	15.12	49.89	-17.67
Diluted EPS Before Extra, 3 Yr. CAGR %	-16.09	6.1	15.13	49.89	-17.68
Total Assets, 3 Yr. CAGR %	22.92	20.54	65.95	-39.05	-51.93
Tangible Book Value, 3 Yr. CAGR %	31.12	25.45	25.71	29.37	21.82
Common Equity, 3 Yr. CAGR %	31.12	25.45	25.71	29.37	21.82
Cash From Operations, 3 Yr. CAGR %	-13.46	-7.59	4.61	15.99	5.67
Levered Free Cash Flow, 3 Yr. CAGR %	-17.24	-2.83	11.57	28.16	14.8
Unlevered Free Cash Flow, 3 Yr. CAGR %	-21.12	-9.21	-4.24	16.81	5.96
Compound Annual Growth Rate Over Five Years
Gross Profit, 5 Yr. CAGR %	1.3	-25.17	-16.45	-7.5	8.67
EBITA, 5 Yr. CAGR %	2.64	-9.52	-5.33	-0.23	0.37
EBIT, 5 Yr. CAGR %	2.64	-9.52	-5.33	-0.23	0.37
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.47	-23.79	0.11	21	-4.96
Net Income, 5 Yr. CAGR %	-2.47	-23.79	0.11	21	-4.96
Normalized Net Income, 5 Yr. CAGR %	-2.47	-1.86	0.11	21	-4.96
Diluted EPS Before Extra, 5 Yr. CAGR %	-2.47	-23.79	0.11	21	-4.96
Total Assets, 5 Yr. CAGR %	26.52	19.35	7.92	-21.92	-2.52
Tangible Book Value, 5 Yr. CAGR %	-3.69	46.55	30.27	26.64	23.14
Common Equity, 5 Yr. CAGR %	-3.69	46.55	30.27	26.64	23.14
Cash From Operations, 5 Yr. CAGR %	4.14	-8.36	-0.29	4.09	-2.18
Levered Free Cash Flow, 5 Yr. CAGR %	-30.85	-0.41	-1.29	10.1	8.69
Unlevered Free Cash Flow, 5 Yr. CAGR %	-34.04	-8.62	-11.87	3.67	-0.8