Income Statement Northcliff Resources Ltd.

Stocks

NCF

CA66401Q1081

Specialty Mining & Metals

Market Closed - Toronto S.E. 11:59:40 2026-08-25 EDT			5-day change	1st Jan Change
0.3100 ^CAD	-1.59%		+3.33%	+26.53%

08-18	Northcliff Resources Settles C$7.349 Million Convertible Loan Agreement	MT
08-04	Northcliff Resources Enters into Secured Convertible Loan Agreement for C$7.35 Million	MT

ec8f895bcbadc10d9.0HMzsYPGakc0WkP5UndANCPYri00x13-CXyPfxCgCpc.4hR01O-HGwhEbSTBJz51YBLh5VxX8Te8ZCPeCXbiOOC3JQbe9-sIAkEbNA

Published financial data: NORTHCLIFF RESOURCES LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2021	2022	2023	2024	2025
Cost of Goods Sold, Total	210K	381K	438K	974K	348K
Gross Profit	-210K	-381K	-438K	-974K	-348K
Selling General & Admin Expenses, Total	877K	1.21M	1.81M	1.21M	788K
Stock-Based Compensation (IS)	114K	119K	16.99K	120K	30.26K
Other Operating Expenses, Total	991K	1.33M	1.83M	1.33M	818K
Operating Income	-1.2M	-1.71M	-2.27M	-2.3M	-1.17M
Interest Expense, Total	-116K	-260K	-686K	-21.71K	-87.04K
Interest And Investment Income	10.75K	27.29K	180K	86.39K	37.78K
Net Interest Expenses	-105K	-233K	-506K	64.68K	-49.25K
Currency Exchange Gains (Loss)	-2	-940	-1.68K	306	-12.37K
EBT, Excl. Unusual Items	-1.31M	-1.94M	-2.78M	-2.23M	-1.23M
Gain (Loss) On Sale Of Investments	-	-	-	-	-191K
EBT, Incl. Unusual Items	-1.31M	-1.94M	-2.78M	-2.23M	-1.42M
Earnings From Continuing Operations	-1.31M	-1.94M	-2.78M	-2.23M	-1.42M
Net Income to Company	-1.31M	-1.94M	-2.78M	-2.23M	-1.42M
Minority Interest	39.79K	61.99K	130K	139K	78.12K
Net Income - (IS)	-1.27M	-1.88M	-2.65M	-2.1M	-1.34M
Net Income to Common Incl Extra Items	-1.27M	-1.88M	-2.65M	-2.1M	-1.34M
Net Income to Common Excl. Extra Items	-1.27M	-1.88M	-2.65M	-2.1M	-1.34M
Per Share Items
Net EPS - Basic	-0.01	-0.01	-0.01	-0	-0
Basic EPS - Continuing Operations	-0.01	-0.01	-0.01	-0	-0
Basic Weighted Average Shares Outstanding	191M	208M	256M	579M	614M
Net EPS - Diluted	-0.01	-0.01	-0.01	-0	-0
Diluted EPS - Continuing Operations	-0.01	-0.01	-0.01	-0	-0
Diluted Weighted Average Shares Outstanding	191M	208M	256M	579M	614M
Normalized Basic EPS	-0	-0.01	-0.01	-0	-0
Normalized Diluted EPS	-0	-0.01	-0.01	-0	-0
Supplemental Items
EBITDA	-1.2M	-1.71M	-2.27M	-	-
EBITA	-1.2M	-1.71M	-2.27M	-2.3M	-1.17M
EBIT	-1.2M	-1.71M	-2.27M	-2.3M	-1.17M
Normalized Net Income	-777K	-1.15M	-1.61M	-1.26M	-689K
Supplemental Operating Expense Items
General and Administrative Expenses	877K	1.21M	1.81M	1.21M	788K
Stock-Based Comp., Other (Total)	114K	119K	16.99K	120K	30.26K
Total Stock-Based Compensation	114K	119K	16.99K	120K	30.26K

Fiscal Period: October	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.44M	4.93M	2.13M	1.34M	1.62M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	1.44M	4.93M	2.13M	1.34M	1.62M
Other Receivables	17.27K	50.43K	114K	37.29K	3.36M
Total Receivables	17.27K	50.43K	114K	37.29K	3.36M
Prepaid Expenses	32.18K	52.76K	60.06K	28.92K	65.08K
Total Current Assets	1.49M	5.03M	2.3M	1.4M	5.05M
Gross Property Plant And Equipment	26.89M	27.44M	28.72M	29.1M	29.21M
Accumulated Depreciation	-46.07K	-46.29K	-46.29K	-46.29K	-46.29K
Net Property Plant And Equipment	26.84M	27.39M	28.67M	29.05M	29.16M
Long-term Investments	12.86K	6.05K	52.21K	75.66K	-
Total Assets	28.34M	32.43M	31.03M	30.53M	34.21M
Liabilities
Accrued Expenses, Total	534K	712K	577K	769K	187K
Short-term Borrowings	1.34M	4.45M	1.32M	-	3.55M
Other Current Liabilities	671K	1.41M	500K	870K	1.5M
Total Current Liabilities	2.54M	6.57M	2.4M	1.64M	5.23M
Total Liabilities	2.54M	6.57M	2.4M	1.64M	5.23M
Common Stock, Total	58.9M	60.35M	65.36M	67.72M	68.94M
Retained Earnings	-40.73M	-42.61M	-45.26M	-47.36M	-48.7M
Comprehensive Income and Other	4.48M	4.59M	4.56M	4.7M	4.99M
Total Common Equity	22.65M	22.32M	24.66M	25.06M	25.23M
Minority Interest	3.14M	3.54M	3.97M	3.83M	3.75M
Total Equity	25.8M	25.86M	28.63M	28.89M	28.98M
Total Liabilities And Equity	28.34M	32.43M	31.03M	30.53M	34.21M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	191M	256M	552M	607M	628M
ECS Total Common Shares Outstanding	191M	232M	482M	607M	627M
Book Value / Share	0.12	0.1	0.05	0.04	0.04
Tangible Book Value	22.65M	22.32M	24.66M	25.06M	25.23M
Tangible Book Value Per Share	0.12	0.1	0.05	0.04	0.04
Total Debt	1.34M	4.45M	1.32M	0	3.55M
Net Debt	-99.7K	-482K	-810K	-1.34M	1.92M
Minority Interest, Total (Incl. Fin. Div)	3.14M	3.54M	3.97M	3.83M	3.75M
Account Code - Inventory Valuation	-	3	3	3	3
Machinery, Total	46.29K	46.29K	46.29K	46.29K	46.29K

Fiscal Period: October	2021	2022	2023	2024	2025
Net Income	-1.27M	-1.88M	-2.65M	-2.1M	-1.34M
Depreciation & Amortization - CF	658	214	-	-	-
Depreciation & Amortization, Total	658	214	-	-	-
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	114K	119K	16.99K	120K	30.26K
Other Operating Activities, Total	65.54K	171K	376K	-203K	162K
Change In Accounts Receivable	-21.73K	-53.74K	-70.68K	108K	-959K
Change In Accounts Payable	432K	919K	-1.46M	958K	-772K
Change in Other Net Operating Assets	-	-	-	-	-146K
Cash from Operations	-676K	-728K	-3.78M	-1.11M	-3.03M
Investment in Marketable and Equity Securities, Total	-	-	-	-	58.82K
Other Investing Activities, Total	-307K	-528K	-686K	-699K	-1.4M
Cash from Investing	-307K	-528K	-686K	-699K	-1.34M
Short Term Debt Issued, Total	843K	5.06M	1.19M	-	3.5M
Total Debt Issued	843K	5.06M	1.19M	-	3.5M
Short Term Debt Repaid, Total	-	-750K	-	-	-
Total Debt Repaid	-	-750K	-	-	-
Issuance of Common Stock	-	-	-	1.03M	1.21M
Repurchase of Common Stock	-38.07K	-10.09K	-24.62K	-	-
Other Financing Activities, Total	27.1K	447K	504K	-13.33K	-50.82K
Cash from Financing	832K	4.75M	1.67M	1.02M	4.66M
Foreign Exchange Rate Adjustments	-3	-646	-	-	-
Net Change in Cash	-151K	3.49M	-2.8M	-795K	289K
Supplemental Items
Cash Interest Paid	-	14.59K	-	-	-
Levered Free Cash Flow	-249K	-250K	-2.94M	-662K	-4.06M
Unlevered Free Cash Flow	-176K	-87.97K	-2.52M	-649K	-4.01M
Change In Net Working Capital	-460K	-863K	1.11M	-669K	3.31M
Net Debt Issued / Repaid	843K	4.31M	1.19M	-	3.5M

Fiscal Period: October	2021	2022	2023	2024	2025
Profitability
Return on Assets	-2.66	-3.52	-4.47	-4.67	-2.25
Return on Total Capital	-2.75	-3.72	-4.71	-4.88	-2.37
Return On Equity %	-4.95	-7.53	-10.19	-7.77	-4.9
Return on Common Equity	-5.45	-8.37	-11.27	-8.43	-5.33
Short Term Liquidity
Current Ratio	0.59	0.77	0.96	0.86	0.97
Quick Ratio	0.57	0.76	0.94	0.84	0.95
Operating Cash Flow to Current Liabilities	-0.27	-0.11	-1.58	-0.68	-0.58
Long Term Solvency
Total Debt/Equity	5.2	17.2	4.61	-	12.23
Total Debt / Total Capital	4.94	14.68	4.41	-	10.9
Total Liabilities / Total Assets	8.98	20.26	7.73	5.37	15.29
EBIT / Interest Expense	-10.35	-6.58	-3.31	-105.9	-13.4
EBITDA / Interest Expense	-10.34	-6.58	-3.31	-	-
(EBITDA - Capex) / Interest Expense	-10.34	-6.58	-3.31	-	-
Total Debt / EBITDA	-1.12	-2.6	-0.58	-	-
Net Debt / EBITDA	0.08	0.28	0.36	-	-
Total Debt / (EBITDA - Capex)	-1.12	-2.6	-0.58	-	-
Net Debt / (EBITDA - Capex)	0.08	0.28	0.36	-	-
Growth Over Prior Year
Gross Profit, 1 Yr. Growth %	4.85	81.18	14.79	122.52	-64.25
EBITDA, 1 Yr. Growth %	5.35	42.5	32.59	-	-
EBITA, 1 Yr. Growth %	5.34	42.44	32.59	1.36	-49.29
EBIT, 1 Yr. Growth %	5.34	42.44	32.59	1.36	-49.29
Earnings From Cont. Operations, 1 Yr. Growth %	16.43	48.83	42.77	-19.51	-36.5
Net Income, 1 Yr. Growth %	16.96	48.61	40.58	-20.8	-36.03
Normalized Net Income, 1 Yr. Growth %	17.3	48.47	39.2	-21.64	-45.22
Diluted EPS Before Extra, 1 Yr. Growth %	14.38	36.82	14.12	-65.04	-39.65
Net Property, Plant and Equip., 1 Yr. Growth %	1.39	2.06	4.67	1.32	0.37
Total Assets, 1 Yr. Growth %	0.82	14.43	-4.33	-1.61	12.05
Tangible Book Value, 1 Yr. Growth %	-5.02	-1.47	10.49	1.61	0.66
Common Equity, 1 Yr. Growth %	-5.02	-1.47	10.49	1.61	0.66
Cash From Operations, 1 Yr. Growth %	31.88	7.55	419.7	-70.54	171.63
Levered Free Cash Flow, 1 Yr. Growth %	1.17	0.69	1.08K	-77.5	513.77
Unlevered Free Cash Flow, 1 Yr. Growth %	-28.34	-50.05	2.76K	-74.21	518.23
Compound Annual Growth Rate Over Two Years
Gross Profit, 2 Yr. CAGR %	-27.45	37.83	44.21	59.82	-10.81
EBITDA, 2 Yr. CAGR %	-10.46	22.52	37.46	-	-
EBITA, 2 Yr. CAGR %	-10.46	22.49	37.42	15.93	-28.31
EBIT, 2 Yr. CAGR %	-10.46	22.49	37.42	15.93	-28.31
Earnings From Cont. Operations, 2 Yr. CAGR %	-5.3	31.64	45.77	7.2	-28.51
Net Income, 2 Yr. CAGR %	-4.92	31.84	44.54	5.52	-28.82
Normalized Net Income, 2 Yr. CAGR %	-4.68	31.97	43.76	4.44	-34.48
Diluted EPS Before Extra, 2 Yr. CAGR %	-9.35	25.1	24.95	-36.84	-54.07
Net Property, Plant and Equip., 2 Yr. CAGR %	1.24	1.72	3.36	2.98	0.85
Total Assets, 2 Yr. CAGR %	1.71	7.41	4.63	-2.98	5
Tangible Book Value, 2 Yr. CAGR %	-2.63	-3.26	4.34	5.96	1.14
Common Equity, 2 Yr. CAGR %	-2.63	-3.26	4.34	5.96	1.14
Cash From Operations, 2 Yr. CAGR %	-21.5	19.1	136.42	23.73	-10.55
Levered Free Cash Flow, 2 Yr. CAGR %	-30.01	0.93	244.08	62.64	17.51
Unlevered Free Cash Flow, 2 Yr. CAGR %	-41.1	-40.17	277.9	171.55	26.28
Compound Annual Growth Rate Over Three Years
Gross Profit, 3 Yr. CAGR %	-18.62	-1.57	29.68	66.65	-2.98
EBITDA, 3 Yr. CAGR %	-7.73	4.54	25.79	-	-
EBITA, 3 Yr. CAGR %	-7.74	4.52	25.77	24.17	-12
EBIT, 3 Yr. CAGR %	-7.74	4.52	25.77	24.17	-12
Earnings From Cont. Operations, 3 Yr. CAGR %	-3.7	10.1	35.25	19.59	-9.97
Net Income, 3 Yr. CAGR %	-3.23	10.34	34.69	18.28	-10.7
Normalized Net Income, 3 Yr. CAGR %	-2.92	10.5	34.33	17.43	-15.77
Diluted EPS Before Extra, 3 Yr. CAGR %	-6.41	3.99	21.32	-18.28	-37.79
Net Property, Plant and Equip., 3 Yr. CAGR %	1.65	1.51	2.7	2.68	2.11
Total Assets, 3 Yr. CAGR %	0.01	5.79	3.35	2.51	1.79
Tangible Book Value, 3 Yr. CAGR %	-3.37	-2.24	1.12	3.42	4.16
Common Equity, 3 Yr. CAGR %	-3.37	-2.24	1.12	3.42	4.16
Cash From Operations, 3 Yr. CAGR %	-19.85	-12.81	94.62	18.08	60.8
Levered Free Cash Flow, 3 Yr. CAGR %	-25.73	-20.99	128.8	38.62	153.22
Unlevered Free Cash Flow, 3 Yr. CAGR %	-33.8	-44.25	117.11	54.44	257.23
Compound Annual Growth Rate Over Five Years
Gross Profit, 5 Yr. CAGR %	-	-	2.31	19.49	11.65
EBITDA, 5 Yr. CAGR %	-2.33	2.26	8.22	-	-
EBITA, 5 Yr. CAGR %	-2.36	2.24	8.2	8.94	0.45
EBIT, 5 Yr. CAGR %	-2.36	2.24	8.2	8.94	0.45
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.21	4.97	13.67	8.93	4.8
Net Income, 5 Yr. CAGR %	-2.24	4.94	13.62	8.39	4.36
Normalized Net Income, 5 Yr. CAGR %	-2.26	4.92	13.59	8.03	0.8
Diluted EPS Before Extra, 5 Yr. CAGR %	-13.05	-1.24	5.06	-14.82	-17.74
Net Property, Plant and Equip., 5 Yr. CAGR %	2.29	2.03	2.33	2.1	1.95
Total Assets, 5 Yr. CAGR %	2.8	2.02	1.84	2.19	4
Tangible Book Value, 5 Yr. CAGR %	2.13	-3.09	-0.36	0.96	1.13
Common Equity, 5 Yr. CAGR %	2.13	-3.09	-0.36	0.96	1.13
Cash From Operations, 5 Yr. CAGR %	7.34	-18.82	23.54	0.29	42.61
Levered Free Cash Flow, 5 Yr. CAGR %	18.82	-31.21	37.13	5.46	75.27
Unlevered Free Cash Flow, 5 Yr. CAGR %	10.87	-44.2	32.88	5.03	74.8