Cash flow NiCAN Limited

Stocks

NICN

CA65366M1023

Specialty Mining & Metals

Market Closed - Toronto S.E. 10:30:10 2026-09-04 EDT			5-day change	1st Jan Change
0.0900 ^CAD	+5.88%		+12.50%	+125.00%

08-20	NiCAN Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-27	NiCAN Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: NICAN LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Selling General & Admin Expenses, Total	425K	1.25M	1.02M	1.19M	834K
Exploration / Drilling Costs, Total	1.11M	1.97M	2.96M	721K	1.11M
Stock-Based Compensation (IS)	259K	65.65K	-	235K	-
Other Operating Expenses, Total	1.79M	3.29M	3.98M	2.15M	1.95M
Operating Income	-1.79M	-3.29M	-3.98M	-2.15M	-1.95M
Interest And Investment Income	1.79K	90.43K	117K	47.51K	15.43K
Net Interest Expenses	1.79K	90.43K	117K	47.51K	15.43K
Other Non Operating Income (Expenses)	91.39K	746K	295K	435K	195K
EBT, Excl. Unusual Items	-1.7M	-2.45M	-3.57M	-1.67M	-1.73M
Other Unusual Items	-	-1.35M	-	256K	-
EBT, Incl. Unusual Items	-1.7M	-3.8M	-3.57M	-1.41M	-1.73M
Earnings From Continuing Operations	-1.7M	-3.8M	-3.57M	-1.41M	-1.73M
Net Income to Company	-1.7M	-3.8M	-3.57M	-1.41M	-1.73M
Net Income - (IS)	-1.7M	-3.8M	-3.57M	-1.41M	-1.73M
Net Income to Common Incl Extra Items	-1.7M	-3.8M	-3.57M	-1.41M	-1.73M
Net Income to Common Excl. Extra Items	-1.7M	-3.8M	-3.57M	-1.41M	-1.73M
Per Share Items
Net EPS - Basic	-0.04	-0.06	-0.05	-0.02	-0.02
Basic EPS - Continuing Operations	-0.04	-0.06	-0.05	-0.02	-0.02
Basic Weighted Average Shares Outstanding	42.22M	59.42M	69.4M	79.67M	88.09M
Net EPS - Diluted	-0.04	-0.06	-0.05	-0.02	-0.02
Diluted EPS - Continuing Operations	-0.04	-0.06	-0.05	-0.02	-0.02
Diluted Weighted Average Shares Outstanding	42.22M	59.42M	69.4M	79.67M	88.09M
Normalized Basic EPS	-0.03	-0.03	-0.03	-0.01	-0.01
Normalized Diluted EPS	-0.03	-0.03	-0.03	-0.01	-0.01
Supplemental Items
EBITA	-1.79M	-3.29M	-3.98M	-2.15M	-1.95M
EBIT	-1.79M	-3.29M	-3.98M	-2.15M	-1.95M
Normalized Net Income	-1.06M	-1.53M	-2.23M	-1.04M	-1.08M
Supplemental Operating Expense Items
Marketing Expenses	20.18K	119K	176K	148K	76.36K
Selling and Marketing Expenses	26.9K	119K	176K	148K	76.36K
General and Administrative Expenses	398K	1.13M	842K	1.04M	757K
Exploration/Drilling Costs	832K	1.97M	2.96M	721K	1.11M
Stock-Based Comp., Other (Total)	259K	65.65K	-	235K	-
Total Stock-Based Compensation	259K	65.65K	-	235K	-

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	2.2M	4.61M	1.15M	974K	1.19M
Total Cash And Short Term Investments	2.2M	4.61M	1.15M	974K	1.19M
Other Receivables	76.21K	80.38K	131K	15.26K	84.34K
Total Receivables	76.21K	80.38K	131K	15.26K	84.34K
Prepaid Expenses	55.37K	45.93K	59.28K	33.83K	55.64K
Total Current Assets	2.33M	4.74M	1.34M	1.02M	1.33M
Total Assets	2.33M	4.74M	1.34M	1.02M	1.33M
Liabilities
Accounts Payable, Total	110K	23.64K	460K	167K	737K
Accrued Expenses, Total	40K	47.09K	79.89K	45.17K	283K
Unearned Revenue Current, Total	726K	295K	-	195K	-
Total Current Liabilities	876K	366K	540K	407K	1.02M
Total Liabilities	876K	366K	540K	407K	1.02M
Common Stock, Total	2.53M	9.09M	9.09M	10.02M	11.4M
Retained Earnings	-1.28M	-5.07M	-8.55M	-9.96M	-11.69M
Comprehensive Income and Other	200K	356K	260K	555K	599K
Total Common Equity	1.46M	4.37M	799K	617K	311K
Total Equity	1.46M	4.37M	799K	617K	311K
Total Liabilities And Equity	2.33M	4.74M	1.34M	1.02M	1.33M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	51.76M	69.4M	69.4M	81.7M	131M
ECS Total Common Shares Outstanding	51.76M	69.4M	69.4M	81.7M	112M
Book Value / Share	0.03	0.06	0.01	0.01	0
Tangible Book Value	1.46M	4.37M	799K	617K	311K
Tangible Book Value Per Share	0.03	0.06	0.01	0.01	0
Total Debt	0	0	0	0	0
Net Debt	-2.2M	-4.61M	-1.15M	-974K	-1.19M
Account Code - Inventory Valuation	-	3	3	3	3

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-1.7M	-3.8M	-3.57M	-1.41M	-1.73M
Stock-Based Compensation (CF)	259K	65.65K	-	235K	-
Other Operating Activities, Total	41.94K	606K	-295K	-691K	-195K
Change In Accounts Receivable	-102K	-89	-50.31K	115K	-69.08K
Change In Accounts Payable	199K	-125K	469K	-58.09K	808K
Change in Other Net Operating Assets	-73.83K	9.44K	-13.34K	25.45K	-21.81K
Cash from Operations	-1.38M	-3.25M	-3.46M	-1.78M	-1.21M
Issuance of Common Stock	4.36M	6.13M	-	1.83M	1.5M
Other Financing Activities, Total	-48.98K	-475K	-	-221K	-70.8K
Cash from Financing	4.31M	5.66M	-	1.61M	1.43M
Net Change in Cash	2.94M	2.41M	-3.46M	-174K	216K
Supplemental Items
Levered Free Cash Flow	-	-2.49M	-2.38M	-1.1M	-694K
Unlevered Free Cash Flow	-	-2.49M	-2.38M	-1.1M	-694K
Change In Net Working Capital	-	505K	-110K	-8.22K	-521K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-	-58.14	-81.95	-113.65	-103.3
Return on Total Capital	-	-70.53	-96.31	-189.65	-262.15
Return On Equity %	-	-130.56	-138.15	-199.11	-374.02
Return on Common Equity	-	-130.56	-138.15	-199.11	-374.02
Short Term Liquidity
Current Ratio	2.66	12.95	2.48	2.51	1.31
Quick Ratio	2.6	12.82	2.37	2.43	1.25
Operating Cash Flow to Current Liabilities	-1.57	-8.88	-6.41	-4.38	-1.19
Long Term Solvency
Total Liabilities / Total Assets	37.54	7.72	40.31	39.77	76.62
Growth Over Prior Year
EBITA, 1 Yr. Growth %	-	83.32	21.12	-46.06	-9.43
EBIT, 1 Yr. Growth %	-	83.32	21.12	-46.06	-9.43
Earnings From Cont. Operations, 1 Yr. Growth %	-	123.69	-6.13	-60.52	23.08
Net Income, 1 Yr. Growth %	-	123.69	-6.13	-60.52	23.08
Normalized Net Income, 1 Yr. Growth %	-	44.14	45.67	-53.34	4.14
Diluted EPS Before Extra, 1 Yr. Growth %	-	58.92	-19.63	-65.61	11.31
Total Assets, 1 Yr. Growth %	-	102.97	-71.72	-23.55	29.98
Tangible Book Value, 1 Yr. Growth %	-	199.85	-81.71	-22.85	-49.55
Common Equity, 1 Yr. Growth %	-	199.85	-81.71	-22.85	-49.55
Cash From Operations, 1 Yr. Growth %	-	136.14	6.53	-48.46	-31.96
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-4.62	-53.77	-36.86
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-4.62	-53.77	-36.86
Compound Annual Growth Rate Over Two Years
EBITA, 2 Yr. CAGR %	-	-	49.01	-19.17	-30.11
EBIT, 2 Yr. CAGR %	-	-	49.01	-19.17	-30.11
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	44.9	-39.13	-30.29
Net Income, 2 Yr. CAGR %	-	-	44.9	-39.13	-30.29
Normalized Net Income, 2 Yr. CAGR %	-	-	44.9	-17.56	-30.29
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	13.02	-47.43	-38.13
Total Assets, 2 Yr. CAGR %	-	-	-24.24	-53.51	-0.31
Tangible Book Value, 2 Yr. CAGR %	-	-	-25.94	-62.44	-37.61
Common Equity, 2 Yr. CAGR %	-	-	-25.94	-62.44	-37.61
Cash From Operations, 2 Yr. CAGR %	-	-	58.61	-25.9	-40.78
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-33.6	-45.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-33.6	-45.97
Compound Annual Growth Rate Over Three Years
EBITA, 3 Yr. CAGR %	-	-	-	6.2	-16.05
EBIT, 3 Yr. CAGR %	-	-	-	6.2	-16.05
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-6.06	-23.02
Net Income, 3 Yr. CAGR %	-	-	-	-6.06	-23.02
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-0.68	-10.88
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-23.99	-32.49
Total Assets, 3 Yr. CAGR %	-	-	-	-24.01	-34.5
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-24.93	-58.55
Common Equity, 3 Yr. CAGR %	-	-	-	-24.93	-58.55
Cash From Operations, 3 Yr. CAGR %	-	-	-	9.04	-27.98
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-34.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-34.7