Income Statement Magnetite Mines Limited OTC Markets

Stocks

RRSXF

AU000000MGT5

Diversified Mining

Market Closed - OTC Markets Other stock markets			5-day change	1st Jan Change
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05-25	Magnetite Mines appoints Scott Lowe as CEO and managing director; Tim Dobson steps down	RE
03-13	Magnetite Mines Limited Reports Earnings Results for the Half Year Ended December 31, 2025	CI

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Published financial data: MAGNETITE MINES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Other Revenues, Total	-	195K	213K	214K	1.22K
Total Revenues	-	195K	213K	214K	1.22K
Gross Profit	-	195K	213K	214K	1.22K
Selling General & Admin Expenses, Total	1.19M	2.31M	3.64M	3.73M	2.88M
Stock-Based Compensation (IS)	323K	1.04M	1.33M	549K	720K
Depreciation & Amortization - (IS)	9.18K	107K	256K	399K	282K
Impairment of Oil, Gas & Mineral Properties - (IS)	7.72K	7.27K	14.58K	15.29K	3.26K
Other Operating Expenses	155K	331K	437K	429K	218K
Other Operating Expenses, Total	1.69M	3.79M	5.68M	5.12M	4.1M
Operating Income	-1.69M	-3.6M	-5.47M	-4.91M	-4.1M
Interest Expense, Total	-99.8K	-108K	-133K	-93.04K	-28.53K
Interest And Investment Income	20.14K	47.66K	274K	157K	55.02K
Net Interest Expenses	-79.66K	-59.84K	141K	64.32K	26.49K
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	-1.07K	-1.87K	-4.19K	-4.17K	-3.73K
EBT, Excl. Unusual Items	-1.77M	-3.66M	-5.33M	-4.85M	-4.08M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-3.3K	-998	-2.05K	-	-53
Other Unusual Items	37.5K	-	-	-	-107K
EBT, Incl. Unusual Items	-1.73M	-3.66M	-5.33M	-4.85M	-4.19M
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-1.73M	-3.66M	-5.33M	-4.85M	-4.19M
Net Income to Company	-1.73M	-3.66M	-5.33M	-4.85M	-4.19M
Net Income - (IS)	-1.73M	-3.66M	-5.33M	-4.85M	-4.19M
Net Income to Common Incl Extra Items	-1.73M	-3.66M	-5.33M	-4.85M	-4.19M
Net Income to Common Excl. Extra Items	-1.73M	-3.66M	-5.33M	-4.85M	-4.19M
Per Share Items
Net EPS - Basic	-0.03	-0.06	-0.07	-0.05	-0.04
Basic EPS - Continuing Operations	-0.03	-0.06	-0.07	-0.05	-0.04
Basic Weighted Average Shares Outstanding	54.58M	64.48M	75.84M	89.77M	113M
Net EPS - Diluted	-0.03	-0.06	-0.07	-0.05	-0.04
Diluted EPS - Continuing Operations	-0.03	-0.06	-0.07	-0.05	-0.04
Diluted Weighted Average Shares Outstanding	54.58M	64.48M	75.84M	89.77M	113M
Normalized Basic EPS	-0.02	-0.04	-0.04	-0.03	-0.02
Normalized Diluted EPS	-0.02	-0.04	-0.04	-0.03	-0.02
Supplemental Items
EBITDA	-1.67M	-3.55M	-5.4M	-4.85M	-4.06M
EBITA	-1.69M	-3.6M	-5.47M	-4.91M	-4.1M
EBIT	-1.69M	-3.6M	-5.47M	-4.91M	-4.1M
Total Revenues (As Reported)	-	-	486K	372K	226K
Effective Tax Rate - (Ratio)	-	-	-	-	-
Normalized Net Income	-1.1M	-2.29M	-3.33M	-3.03M	-2.55M
Interest on Long-Term Debt	-	-	133K	24.64K	28.53K
Supplemental Operating Expense Items
General and Administrative Expenses	412K	873K	1.23M	1.47M	924K
Stock-Based Comp., Other (Total)	323K	1.04M	1.33M	549K	720K
Total Stock-Based Compensation	323K	1.04M	1.33M	549K	720K

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	16.59M	19.35M	5.13M	1.21M	1.49M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	16.59M	19.35M	5.13M	1.21M	1.49M
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	164K	717K	246K	117K	110K
Notes Receivable	-	-	-	-	69.18K
Total Receivables	164K	717K	246K	117K	179K
Prepaid Expenses	9.76K	21.59K	28.72K	39.93K	7.87K
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	16.76M	20.09M	5.41M	1.37M	1.67M
Gross Property Plant And Equipment	13.2M	25.98M	33.82M	36.98M	39.9M
Accumulated Depreciation	-289K	-388K	-373K	-420K	-464K
Net Property Plant And Equipment	12.91M	25.59M	33.45M	36.56M	39.43M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	54	27	-	-	-
Other Long-Term Assets, Total	32.59K	113K	113K	299K	196K
Total Assets	29.7M	45.79M	38.97M	38.23M	41.3M
Liabilities
Accounts Payable, Total	327K	3.53M	402K	420K	245K
Accrued Expenses, Total	407K	692K	831K	841K	852K
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	1.98M	-	2.86M
Current Portion of Leases	-	101K	314K	73.44K	190K
Other Current Liabilities	100K	10K	4K	4K	20.5K
Total Current Liabilities	835K	4.33M	3.53M	1.34M	4.16M
Long-Term Debt	1.98M	1.98M	-	-	-
Long-Term Leases	-	137K	135K	43.9K	149K
Total Liabilities	2.81M	6.44M	3.66M	1.38M	4.31M
Common Stock, Total	74.55M	89.55M	89.51M	95.35M	98.48M
Retained Earnings	-58.61M	-62.27M	-67.6M	-72.45M	-76.64M
Comprehensive Income and Other	10.95M	12.07M	13.4M	13.95M	15.14M
Total Common Equity	26.89M	39.35M	35.31M	36.84M	36.99M
Total Equity	26.89M	39.35M	35.31M	36.84M	36.99M
Total Liabilities And Equity	29.7M	45.79M	38.97M	38.23M	41.3M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	62.84M	75.84M	76.77M	102M	186M
ECS Total Common Shares Outstanding	62.84M	75.84M	75.96M	98.43M	121M
Book Value / Share	0.43	0.52	0.46	0.37	0.31
Tangible Book Value	26.89M	39.35M	35.31M	36.84M	36.99M
Tangible Book Value Per Share	0.43	0.52	0.46	0.37	0.31
Total Debt	1.98M	2.21M	2.42M	117K	3.2M
Net Debt	-14.61M	-17.13M	-2.71M	-1.1M	1.71M
Account Code - Inventory Valuation	3	-	3	3	3
Machinery, Total	334K	454K	481K	533K	545K

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	-1.73M	-3.66M	-5.33M	-4.85M	-4.19M
Depreciation & Amortization - CF	9.13K	107K	256K	399K	282K
Impairment of Oil, Gas & Mineral Properties - (CF)	7.72K	7.27K	14.58K	15.29K	3.26K
Depreciation & Amortization, Total	16.86K	114K	270K	414K	286K
Amortization of Deferred Charges, Total - (CF)	53	27	-	-	-
(Gain) Loss From Sale Of Asset	3.3K	998	2.05K	-	53
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	323K	1.04M	1.33M	549K	720K
Other Operating Activities, Total	-	8.75K	-	-	167K
Change In Accounts Receivable	-141K	-565K	464K	118K	-30.62K
Change In Accounts Payable	397K	766K	-609K	102K	236K
Cash from Operations	-1.13M	-2.29M	-3.87M	-3.67M	-2.81M
Capital Expenditure	-3.18M	-9.97M	-9.99M	-3.59M	-3.01M
Sale of Property, Plant, and Equipment	3K	3.91K	4.75K	-	500
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-80K	-	-187K	102K
Cash from Investing	-3.17M	-10.04M	-9.98M	-3.77M	-2.91M
Long-Term Debt Issued, Total	-	-	-	-	3.54M
Total Debt Issued	-	-	-	-	3.54M
Long-Term Debt Repaid, Total	-100K	-69.62K	-234K	-2.31M	-244K
Total Debt Repaid	-100K	-69.62K	-234K	-2.31M	-244K
Issuance of Common Stock	21.02M	16.12M	833	6.5M	3.58M
Other Financing Activities, Total	-855K	-956K	-125K	-668K	-885K
Cash from Financing	20.06M	15.1M	-358K	3.52M	5.99M
Miscellaneous Cash Flow Adjustments	-	-	-1	-	-
Net Change in Cash	15.76M	2.76M	-14.21M	-3.92M	273K
Supplemental Items
Cash Interest Paid	102K	98.75K	133K	175K	-
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-3.47M	-8.3M	-14.41M	-5.61M	-4.76M
Unlevered Free Cash Flow	-3.4M	-8.23M	-14.33M	-5.55M	-4.75M
Change In Net Working Capital	-485K	-2.83M	2.53M	-146K	179K
Net Debt Issued / Repaid	-100K	-69.62K	-234K	-2.31M	3.3M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	-5.25	-5.96	-8.06	-7.95	-6.45
Return on Total Capital	-5.39	-6.39	-8.62	-8.21	-6.65
Return On Equity %	-9.89	-11.06	-14.28	-13.44	-11.34
Return on Common Equity	-9.89	-11.06	-14.28	-13.44	-11.34
Margin Analysis
Gross Profit Margin %	-	100	100	100	100
SG&A Margin	-	1.18K	1.71K	1.74K	236K
EBITDA Margin %	-	-1.81K	-2.54K	-2.26K	-332K
EBITA Margin %	-	-1.84K	-2.57K	-2.29K	-336K
EBIT Margin %	-	-1.84K	-2.57K	-2.29K	-336K
Income From Continuing Operations Margin %	-	-1.87K	-2.51K	-2.26K	-342K
Net Income Margin %	-	-1.87K	-2.51K	-2.26K	-342K
Net Avail. For Common Margin %	-	-1.87K	-2.51K	-2.26K	-342K
Normalized Net Income Margin	-	-1.17K	-1.57K	-1.41K	-209K
Levered Free Cash Flow Margin	-	-4.24K	-6.78K	-2.61K	-390K
Unlevered Free Cash Flow Margin	-	-4.21K	-6.74K	-2.59K	-388K
Asset Turnover
Asset Turnover	-	0.01	0.01	0.01	0
Fixed Assets Turnover	-	0.01	0.01	0.01	0
Short Term Liquidity
Current Ratio	20.08	4.64	1.53	1.02	0.4
Quick Ratio	20.07	4.63	1.53	0.99	0.38
Operating Cash Flow to Current Liabilities	-1.36	-0.53	-1.1	-2.74	-0.67
Long Term Solvency
Total Debt/Equity	7.34	5.62	6.87	0.32	8.64
Total Debt / Total Capital	6.84	5.32	6.42	0.32	7.95
LT Debt/Equity	7.34	5.37	0.38	0.12	0.4
Long-Term Debt / Total Capital	6.84	5.08	0.36	0.12	0.37
Total Liabilities / Total Assets	9.46	14.07	9.39	3.62	10.44
EBIT / Interest Expense	-16.9	-33.48	-41.08	-52.75	-143.83
EBITDA / Interest Expense	-16.73	-32.42	-39.05	-48.3	-133.81
(EBITDA - Capex) / Interest Expense	-48.54	-125.13	-114.11	-86.87	-239.26
Total Debt / EBITDA	-1.18	-0.63	-0.47	-0.03	-0.84
Net Debt / EBITDA	8.75	4.92	0.52	0.24	-0.45
Total Debt / (EBITDA - Capex)	-0.41	-0.16	-0.16	-0.01	-0.47
Net Debt / (EBITDA - Capex)	3.02	1.27	0.18	0.14	-0.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	8.77	0.9	-99.43
Gross Profit, 1 Yr. Growth %	-	-	8.77	0.9	-99.43
EBITDA, 1 Yr. Growth %	50.95	112.47	52.23	-10.26	-16.32
EBITA, 1 Yr. Growth %	29.95	113.42	51.87	-10.21	-16.39
EBIT, 1 Yr. Growth %	29.95	113.42	51.87	-10.21	-16.39
Earnings From Cont. Operations, 1 Yr. Growth %	363.93	111.31	45.6	-9.07	-13.62
Net Income, 1 Yr. Growth %	363.93	111.31	45.6	-9.07	-13.62
Normalized Net Income, 1 Yr. Growth %	283.54	107.16	45.58	-9.03	-15.82
Diluted EPS Before Extra, 1 Yr. Growth %	94.35	79.56	23.33	-23.18	-31.49
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	35.47	98.27	30.69	9.29	7.86
Total Assets, 1 Yr. Growth %	184.93	54.17	-14.9	-1.91	8.05
Tangible Book Value, 1 Yr. Growth %	230.41	46.32	-10.27	4.34	0.39
Common Equity, 1 Yr. Growth %	230.41	46.32	-10.27	4.34	0.39
Cash From Operations, 1 Yr. Growth %	29.21	102.28	68.18	-5.36	-23.37
Capital Expenditures, 1 Yr. Growth %	840.19	213.89	0.19	-64.07	-16.16
Levered Free Cash Flow, 1 Yr. Growth %	233.27	139.34	73.74	-61.11	-15.01
Unlevered Free Cash Flow, 1 Yr. Growth %	252.4	141.75	74.15	-61.29	-14.44
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	4.76	-92.42
Gross Profit, 2 Yr. CAGR %	-	-	-	4.76	-92.42
EBITDA, 2 Yr. CAGR %	21.68	79.09	79.85	16.88	-13.34
EBITA, 2 Yr. CAGR %	20.78	66.54	80.04	16.78	-13.35
EBIT, 2 Yr. CAGR %	20.78	66.54	80.04	16.78	-13.35
Earnings From Cont. Operations, 2 Yr. CAGR %	13.52	213.1	75.4	15.06	-11.37
Net Income, 2 Yr. CAGR %	13.52	213.1	75.4	15.06	-11.37
Normalized Net Income, 2 Yr. CAGR %	14.9	181.88	73.66	15.08	-12.49
Diluted EPS Before Extra, 2 Yr. CAGR %	-40.64	86.81	48.81	-2.66	-27.45
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	18.73	63.89	60.98	19.51	8.58
Total Assets, 2 Yr. CAGR %	77.46	109.59	14.54	-8.63	2.95
Tangible Book Value, 2 Yr. CAGR %	100.82	119.88	14.59	-3.24	2.35
Common Equity, 2 Yr. CAGR %	100.81	119.88	14.59	-3.24	2.35
Cash From Operations, 2 Yr. CAGR %	-12.63	61.67	84.79	26.16	-14.84
Capital Expenditures, 2 Yr. CAGR %	279.48	443.25	77.34	-40	-45.11
Levered Free Cash Flow, 2 Yr. CAGR %	63.91	182.43	103.92	-17.8	-42.51
Unlevered Free Cash Flow, 2 Yr. CAGR %	69.79	191.88	105.18	-17.9	-42.45
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	-	-81.57
Gross Profit, 3 Yr. CAGR %	-	-	-	-	-81.57
EBITDA, 3 Yr. CAGR %	-13.47	46.53	69.65	42.65	4.56
EBITA, 3 Yr. CAGR %	-14.03	46.02	61.5	42.78	4.47
EBIT, 3 Yr. CAGR %	-14.03	46.02	61.5	42.78	4.47
Earnings From Cont. Operations, 3 Yr. CAGR %	-21.07	39.64	142.57	40.91	4.58
Net Income, 3 Yr. CAGR %	-21.07	39.64	142.57	40.91	4.58
Normalized Net Income, 3 Yr. CAGR %	-21.56	39.85	126.16	39.99	3.69
Diluted EPS Before Extra, 3 Yr. CAGR %	-53.22	-14.15	62.66	19.38	-13.42
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	13.01	40.86	51.98	41.48	15.5
Total Assets, 3 Yr. CAGR %	39.93	69.33	55.2	8.77	-3.38
Tangible Book Value, 3 Yr. CAGR %	51.72	80.7	63.09	11.06	-2.04
Common Equity, 3 Yr. CAGR %	51.72	80.7	63.09	11.06	-2.04
Cash From Operations, 3 Yr. CAGR %	-16.4	15.58	64.02	47.85	6.84
Capital Expenditures, 3 Yr. CAGR %	79.81	256.22	209.23	4.16	-32.92
Levered Free Cash Flow, 3 Yr. CAGR %	26.53	85.96	140.2	17.38	-16.88
Unlevered Free Cash Flow, 3 Yr. CAGR %	28.56	91.01	145.72	17.68	-16.76
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	0.64	-3.15	15.95	33.86	29.68
EBITA, 5 Yr. CAGR %	0.06	-3.13	15.54	33.54	25.89
EBIT, 5 Yr. CAGR %	0.06	-3.13	15.54	33.54	25.89
Earnings From Cont. Operations, 5 Yr. CAGR %	-1	-3.76	8.63	29.24	62.16
Net Income, 5 Yr. CAGR %	-1	-3.76	8.63	29.24	62.16
Normalized Net Income, 5 Yr. CAGR %	0.66	-5.2	7.79	29.36	54.69
Diluted EPS Before Extra, 5 Yr. CAGR %	-33	-34.87	-25.68	-9.73	17.77
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	8.94	23.82	30.19	31.9	32.85
Total Assets, 5 Yr. CAGR %	24.42	32.15	29.16	32.3	31.7
Tangible Book Value, 5 Yr. CAGR %	31.11	37.65	35.61	40.76	35.36
Common Equity, 5 Yr. CAGR %	31.07	37.63	35.6	40.75	35.36
Cash From Operations, 5 Yr. CAGR %	-0.56	6.56	14.81	19.79	26.19
Capital Expenditures, 5 Yr. CAGR %	18.17	85.85	78.82	74.7	54.87
Levered Free Cash Flow, 5 Yr. CAGR %	12.18	62.82	53.14	34.15	35.58
Unlevered Free Cash Flow, 5 Yr. CAGR %	12.85	67.96	55	36.26	37.49