Financials NovaGold Resources Inc.

Equities

Market Closed - Toronto S.E. Other stock markets 16:15:46 2026-03-12 EDT			5-day change	1st Jan Change
15.33 ^CAD	-3.46%		-7.37%	+19.77%

03-12	NOVAGOLD & Paulson Award Engineering Contracts to WSP, Worley, and Hatch for Key Infrastructure and Unit Operations in Bankable Feasibility Study	MT
03-12	RBC Raises Price Target on Novagold Resources to $18 From $15, Keeps Outperform, Speculative Risk	MT

Fiscal Period: November	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBITDA ¹	-	-26.99	-29.37	-54.44	-65.3	-72.01	-87.28	-58.55
Change	-	-	-8.82%	-85.37%	-19.97%	-10.26%	-21.21%	32.92%
EBIT ¹	-46.42	-64.81	-29.37	-	-65.3	-110.5	-86.1	-58.55
Change	-	-39.62%	54.69%	-	-	-69.16%	22.06%	32%
Interest Paid ¹	-7.462	-10.69	-	-	-20.39	-7.445	-4.846	-
Earnings before Tax (EBT) ¹	-50.91	-	-63.04	-	-130.7	-128.3	-105	-
Change	-	-	-	-	-	1.81%	18.19%	-
Net income ¹	-51.08	-71.62	-63.1	-65.6	-130.7	-128.3	-105	-
Change	-	-40.21%	11.9%	-3.97%	-99.27%	1.81%	18.19%	-
Announcement Date	1/26/22	1/25/23	1/24/24	1/23/25	1/22/26	-	-	-

¹CAD in Million

Estimates

Fiscal Period: November	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2024 Q2	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA ¹	-	-	-	-	-	-	-6.297	-	-16.83	-19.12	-19.58	-27.62	-27.62	-27.62	-27.62
Change	-	-	-	-	-	-	-	-	-	-13.64%	-2.38%	-41.05%	0%	0%	0%
EBIT ¹	-11.38	-14.82	-10.98	-11.48	-17.81	-19.37	-14.71	-	-16.83	-19.12	-19.58	-27.62	-27.62	-27.62	-27.62
Change	-	-30.23%	25.89%	-4.55%	-55.08%	-8.76%	24.04%	-	-	-13.64%	-2.38%	-41.05%	0%	0%	0%
Charge d'intérêts ¹	-1.833	-1.919	-1.893	-1.884	-2.171	-2.981	-3.448	-	-5.079	-5.331	-5.07	-0.3019	-0.3019	-0.3019	-0.3019
Earnings before Tax (EBT) ¹	-13.03	-14.88	-12.91	-12.45	-	-	-	-	-74.36	-21.79	-21.57	-32.09	-32.09	-32.09	-32.09
Change	-	-14.24%	13.28%	3.51%	-	-	-	-	-	70.69%	1.01%	-48.74%	0%	0%	0%
Net income ¹	-13.03	-15.02	-12.94	-12.45	-	-	-	-18.76	-74.36	-21.79	-21.57	-32.09	-32.09	-32.09	-32.09
Change	-	-15.31%	13.87%	3.76%	-	-	-	-	-296.34%	70.69%	1.01%	-48.74%	0%	0%	0%
Announcement Date	6/29/21	9/29/21	1/26/22	4/5/22	6/29/22	10/4/22	1/25/23	6/26/24	6/25/25	10/1/25	1/22/26	-	-	-	-

¹CAD in Million

Estimates

Fiscal Period: November	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	1/26/22	1/25/23	1/24/24	1/23/25	1/22/26	-	-	-

Estimates

Fiscal Period: November	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	22.16	38.18	-	-	31	35.96	132.8
Change	-	72.26%	-	-	-	16%	269.23%
Free Cash Flow (FCF) ¹	-	-54.79	-10.5	-18.09	-19.36	-30.12	-51.04
Change	-	-	80.84%	-72.3%	-7.04%	-55.62%	-69.41%
Announcement Date	1/26/22	1/25/23	1/24/24	1/23/25	1/22/26	-	-

¹CAD in Million

Estimates

Fiscal Period: November	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	-	-	-	-	-	-	-
EBT Margin (%)	-	-	-	-	-	-	-	-
Net margin (%)	-	-	-	-	-	-	-	-
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	76.5%	16.64%	27.57%	14.81%	23.47%	48.6%	-
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	-	-	-431.76%	-	-162.68%	-16.09%	-41.5%	-16.17%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-141.47%	-	-	-47.48%	-49.94%	-152.15%	-
CAPEX / FCF (%)	-	-69.68%	-	-	-160.16%	-119.38%	-260.19%	-
Items per share
Cash flow per share ¹	-0.0375	-0.0498	-0.0314	-0.0544	-0.0516	-0.061	-0.0777	-0.061
Change	-	-32.86%	36.94%	-73.03%	5.04%	-18.19%	-27.33%	21.46%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	-0.1512	-0.2148	-0.1887	-0.2013	-0.3452	-0.34	-0.274	-
Change	-	-42.05%	12.14%	-6.66%	-71.5%	1.52%	19.41%	-
Nbr of stocks (in thousands)	331,855	333,390	334,181	334,567	406,927	438,015	438,015	438,015
Announcement Date	1/26/22	1/25/23	1/24/24	1/23/25	1/22/26	-	-	-