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Income Statement Sparton Resources Inc.

Stocks

SRI

CA8472431029

Gold

Delayed Toronto S.E. 12:14:10 2026-08-31 EDT			5-day change	1st Jan Change
0.0150 ^CAD	-25.00%		-.--%	-40.00%

08-27	Sparton Resources Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
06-18	Sparton Resources Inc Enters into Binding Letter of Intent to Acquire 100% Interest in Morrison Silver Mine	CI

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Published financial data: SPARTON RESOURCES INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Revenues	471K	1.14M	954K	-	-
Total Revenues	471K	1.14M	954K	-	-
Cost of Goods Sold, Total	415K	809K	908K	-	-
Gross Profit	56.18K	333K	45.68K	-	-
Selling General & Admin Expenses, Total	143K	189K	229K	231K	221K
Exploration / Drilling Costs, Total	122K	350K	80.92K	623K	229K
Stock-Based Compensation (IS)	87.05K	112K	49.65K	15.34K	113K
Depreciation & Amortization - (IS)	-	-	-	20.72K	20.48K
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	352K	650K	359K	891K	583K
Operating Income	-296K	-317K	-314K	-891K	-583K
Interest Expense, Total	-10.62K	-5.37K	-7.78K	-4.54K	-7.19K
Net Interest Expenses	-10.62K	-5.37K	-7.78K	-4.54K	-7.19K
Currency Exchange Gains (Loss)	-271	-	-	-	-
Other Non Operating Income (Expenses)	-36.62K	-28.24K	-15.78K	124K	-54.4K
EBT, Excl. Unusual Items	-343K	-351K	-337K	-772K	-645K
Gain (Loss) On Sale Of Investments	7.37K	-4.82K	-1.5K	-	-
Gain (Loss) On Sale Of Assets	-	-	5.33K	-	275K
Other Unusual Items	-24.58K	-	-	-	-
EBT, Incl. Unusual Items	-360K	-356K	-333K	-772K	-370K
Income Tax Expense	-	-2.38K	-	-64K	-
Earnings From Continuing Operations	-360K	-353K	-333K	-708K	-370K
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-360K	-353K	-333K	-708K	-370K
Minority Interest	121	-	2.48K	810	439
Net Income - (IS)	-360K	-353K	-331K	-707K	-369K
Net Income to Common Incl Extra Items	-360K	-353K	-331K	-707K	-369K
Net Income to Common Excl. Extra Items	-360K	-353K	-331K	-707K	-369K
Per Share Items
Net EPS - Basic	-0	-0	-0	-0	-0
Basic EPS - Continuing Operations	-0	-0	-0	-0	-0
Basic Weighted Average Shares Outstanding	143M	147M	149M	167M	171M
Net EPS - Diluted	-0	-0	-0	-0	-0
Diluted EPS - Continuing Operations	-0	-0	-0	-0	-0
Diluted Weighted Average Shares Outstanding	143M	147M	149M	167M	171M
Normalized Basic EPS	-0	-0	-0	-0	-0
Normalized Diluted EPS	-0	-0	-0	-0	-0
Supplemental Items
EBITDA	-286K	-295K	-269K	-870K	-562K
EBITA	-296K	-317K	-314K	-891K	-583K
EBIT	-296K	-317K	-314K	-891K	-583K
EBITDAR	-268K	-277K	-251K	-852K	-544K
Total Revenues (As Reported)	471K	-	-	-	-
Effective Tax Rate - (Ratio)	-	0.67	-	8.29	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-214K	-219K	-208K	-481K	-402K
Supplemental Operating Expense Items
General and Administrative Expenses	125K	171K	211K	213K	202K
Exploration/Drilling Costs	122K	350K	80.92K	623K	229K
Net Rental Expense, Total	18K	18K	18K	18K	18.72K
Imputed Operating Lease Interest Expense	5.39K	3.33K	4.97K	2.57K	3.9K
Imputed Operating Lease Depreciation	12.61K	14.67K	13.03K	15.43K	14.83K
Stock-Based Comp., Other (Total)	87.05K	112K	49.65K	15.34K	113K
Total Stock-Based Compensation	87.05K	112K	49.65K	15.34K	113K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	236K	80.56K	411K	5.25K	284K
Short Term Investments	9.66K	4.84K	-	-	-
Total Cash And Short Term Investments	246K	85.39K	411K	5.25K	284K
Accounts Receivable, Total	123K	162K	223K	-	-
Other Receivables	-	-	-	193K	53.75K
Total Receivables	123K	162K	223K	193K	53.75K
Prepaid Expenses	10.17K	11.46K	11.29K	9.62K	10.1K
Restricted Cash	-	-	-	-	-
Total Current Assets	379K	259K	646K	208K	348K
Gross Property Plant And Equipment	159K	227K	214K	214K	214K
Accumulated Depreciation	-108K	-130K	-171K	-192K	-212K
Net Property Plant And Equipment	50.5K	97.18K	42.47K	21.75K	1.27K
Long-term Investments	1.49M	1.59M	1.55M	1.68M	1.6M
Total Assets	1.92M	1.94M	2.24M	1.91M	1.95M
Liabilities
Accounts Payable, Total	90.6K	149K	107K	150K	171K
Accrued Expenses, Total	221K	241K	231K	132K	118K
Short-term Borrowings	241K	224K	227K	282K	271K
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	553K	615K	565K	563K	560K
Long-Term Debt	-	-	-	-	-
Total Liabilities	553K	615K	565K	563K	560K
Common Stock, Total	19.59M	19.68M	20.16M	20.38M	20.65M
Additional Paid In Capital	350K	354K	354K	354K	354K
Retained Earnings	-19.64M	-19.99M	-20.28M	-20.72M	-20.9M
Comprehensive Income and Other	719K	934K	1.09M	981K	943K
Total Common Equity	1.02M	978K	1.32M	993K	1.04M
Minority Interest	345K	351K	348K	357K	348K
Total Equity	1.37M	1.33M	1.67M	1.35M	1.39M
Total Liabilities And Equity	1.92M	1.94M	2.24M	1.91M	1.95M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	147M	148M	163M	170M	182M
ECS Total Common Shares Outstanding	147M	148M	163M	170M	182M
Book Value / Share	0.01	0.01	0.01	0.01	0.01
Tangible Book Value	1.02M	978K	1.32M	993K	1.04M
Tangible Book Value Per Share	0.01	0.01	0.01	0.01	0.01
Total Debt	241K	224K	227K	282K	271K
Net Debt	-5.1K	139K	-184K	276K	-13.35K
Debt Equivalent Oper. Leases	144K	144K	144K	144K	150K
Minority Interest, Total (Incl. Fin. Div)	345K	351K	348K	357K	348K
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	159K	227K	214K	214K	214K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-360K	-353K	-331K	-707K	-369K
Depreciation & Amortization - CF	9.15K	22.08K	44.91K	20.72K	20.48K
Depreciation & Amortization, Total	9.15K	22.08K	44.91K	20.72K	20.48K
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-7.37K	4.82K	1.5K	-	-
Stock-Based Compensation (CF)	87.05K	112K	49.65K	15.34K	113K
Other Operating Activities, Total	65.77K	36.37K	13.8K	9.73K	5.92K
Change in Other Net Operating Assets	-90.66K	23.33K	82.18K	-152K	135K
Cash from Operations	-296K	-155K	-139K	-813K	-94.77K
Capital Expenditure	-48.65K	-68.76K	-1.2K	-	-
Sale of Property, Plant, and Equipment	-	-	16.33K	-	-
Investment in Marketable and Equity Securities, Total	-	-	4.57K	-	-
Cash from Investing	-48.65K	-68.76K	19.7K	-	-
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	60K	-	-	-	-
Total Debt Issued	60K	-	-	-	-
Short Term Debt Repaid, Total	-	-20K	-	-	-5K
Long-Term Debt Repaid, Total	-180K	-	-	-	-
Total Debt Repaid	-180K	-20K	-	-	-5K
Issuance of Common Stock	599K	88K	500K	435K	410K
Other Financing Activities, Total	-	-	-50K	-28K	-31K
Cash from Financing	479K	68K	450K	407K	374K
Net Change in Cash	134K	-156K	331K	-406K	279K
Supplemental Items
Cash Interest Paid	-	-	-	-	1.3K
Levered Free Cash Flow	-258K	-98.72K	-221K	-548K	-89.8K
Unlevered Free Cash Flow	-252K	-95.37K	-216K	-545K	-85.3K
Change In Net Working Capital	115K	-37.99K	114K	24.6K	-146K
Net Debt Issued / Repaid	-120K	-20K	-	-	-5K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-10.45	-10.26	-9.38	-26.83	-18.85
Return on Total Capital	-12.64	-12.54	-11.36	-31.55	-22.11
Return On Equity %	-30.6	-26.19	-22.23	-46.86	-26.94
Return on Common Equity	-43.27	-35.29	-28.77	-61.07	-36.23
Margin Analysis
Gross Profit Margin %	11.93	29.17	4.79	-	-
SG&A Margin	30.4	16.52	23.98	-	-
EBITDA Margin %	-60.86	-25.86	-28.17	-	-
EBITA Margin %	-62.8	-27.79	-32.87	-	-
EBIT Margin %	-62.8	-27.79	-32.87	-	-
Income From Continuing Operations Margin %	-76.55	-30.95	-34.94	-	-
Net Income Margin %	-76.52	-30.95	-34.68	-	-
Net Avail. For Common Margin %	-76.52	-30.95	-34.68	-	-
Normalized Net Income Margin	-45.53	-19.21	-21.83	-	-
Levered Free Cash Flow Margin	-54.9	-8.65	-23.17	-	-
Unlevered Free Cash Flow Margin	-53.49	-8.35	-22.66	-	-
Asset Turnover
Asset Turnover	0.27	0.59	0.46	-	-
Fixed Assets Turnover	15.31	15.46	13.66	-	-
Receivables Turnover (Average Receivables)	-	8.03	4.96	-	-
Short Term Liquidity
Current Ratio	0.68	0.42	1.14	0.37	0.62
Quick Ratio	0.67	0.4	1.12	0.35	0.6
Operating Cash Flow to Current Liabilities	-0.54	-0.25	-0.25	-1.44	-0.17
Days Sales Outstanding (Average Receivables)	-	45.45	73.64	-	-
Average Days Payable Outstanding	68.13	54.15	51.54	-	-
Long Term Solvency
Total Debt/Equity	17.59	16.87	13.6	20.87	19.46
Total Debt / Total Capital	14.96	14.43	11.97	17.27	16.29
LT Debt/Equity	-	-	-	-	-
Long-Term Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	28.76	31.64	25.29	29.45	28.68
EBIT / Interest Expense	-27.83	-59.06	-40.29	-196.17	-81.04
EBITDA / Interest Expense	-26.97	-54.95	-34.52	-191.61	-78.19
(EBITDA - Capex) / Interest Expense	-31.55	-67.75	-34.67	-191.61	-78.19
Total Debt / EBITDA	-0.84	-0.76	-0.85	-0.32	-0.48
Net Debt / EBITDA	0.02	-0.47	0.69	-0.32	0.02
Total Debt / (EBITDA - Capex)	-0.72	-0.62	-0.84	-0.32	-0.48
Net Debt / (EBITDA - Capex)	0.02	-0.38	0.68	-0.32	0.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	142.55	-16.44	-	-
Gross Profit, 1 Yr. Growth %	-	492.79	-86.28	-	-
EBITDA, 1 Yr. Growth %	-57.25	3.06	-8.98	223.71	-35.34
EBITA, 1 Yr. Growth %	-56.24	7.33	-1.16	183.97	-34.55
EBIT, 1 Yr. Growth %	-56.24	7.33	-1.16	183.97	-34.55
Earnings From Cont. Operations, 1 Yr. Growth %	-44.81	-1.94	-5.67	112.28	-47.78
Net Income, 1 Yr. Growth %	-44.83	-1.91	-6.37	113.63	-47.79
Normalized Net Income, 1 Yr. Growth %	-53.68	-4.52	-5.05	131.18	-16.43
Diluted EPS Before Extra, 1 Yr. Growth %	-48.46	-4.61	-7.32	90.35	-48.97
Accounts Receivable, 1 Yr. Growth %	-	32.04	37.88	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	359.14	92.42	-56.29	-48.79	-94.17
Total Assets, 1 Yr. Growth %	19.21	1.03	15.07	-14.43	2.1
Tangible Book Value, 1 Yr. Growth %	60.13	-4.61	35.24	-24.92	5.23
Common Equity, 1 Yr. Growth %	60.13	-4.61	35.24	-24.92	5.23
Cash From Operations, 1 Yr. Growth %	-36.41	-47.64	-10.5	485.64	-88.34
Capital Expenditures, 1 Yr. Growth %	-	41.32	-98.25	-	-
Levered Free Cash Flow, 1 Yr. Growth %	8.04	-61.8	123.94	147.88	-83.61
Unlevered Free Cash Flow, 1 Yr. Growth %	9.22	-62.13	126.72	152.14	-84.35
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	217.95	-	42.36	-	-
Gross Profit, 2 Yr. CAGR %	9	-	-9.83	-	-
EBITDA, 2 Yr. CAGR %	34.02	-33.62	-3.15	71.65	44.67
EBITA, 2 Yr. CAGR %	30.83	-31.47	3	67.53	36.33
EBIT, 2 Yr. CAGR %	30.83	-31.47	3	67.53	36.33
Earnings From Cont. Operations, 2 Yr. CAGR %	38.3	-26.43	-3.82	41.51	5.28
Net Income, 2 Yr. CAGR %	29.55	-26.44	-4.16	41.43	5.61
Normalized Net Income, 2 Yr. CAGR %	30.06	-31.16	-4.78	48.16	39
Diluted EPS Before Extra, 2 Yr. CAGR %	33.19	-29.88	-5.97	32.82	-1.45
Accounts Receivable, 2 Yr. CAGR %	301.17	-	34.93	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	74.95	197.23	-8.29	-52.69	-82.72
Total Assets, 2 Yr. CAGR %	11.19	9.74	7.82	-0.77	-6.53
Tangible Book Value, 2 Yr. CAGR %	25.73	23.59	13.58	0.76	-11.12
Common Equity, 2 Yr. CAGR %	25.73	23.59	13.58	0.76	-11.12
Cash From Operations, 2 Yr. CAGR %	44.38	-42.3	-31.54	128.95	-17.38
Capital Expenditures, 2 Yr. CAGR %	-	-	-84.3	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	136.39	-35.76	-7.51	135.61	-36.27
Unlevered Free Cash Flow, 2 Yr. CAGR %	149.19	-35.69	-7.34	139.1	-37.19
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	84.43	190.52	-	-	-
Gross Profit, 3 Yr. CAGR %	210.16	91.68	-	-	-
EBITDA, 3 Yr. CAGR %	-18.2	22.78	-26.26	44.81	23.96
EBITA, 3 Yr. CAGR %	-17.76	22.47	-22.57	44.42	22.47
EBIT, 3 Yr. CAGR %	-17.76	22.47	-22.57	44.42	22.47
Earnings From Cont. Operations, 3 Yr. CAGR %	-16.17	23.32	-20.08	25.22	1.5
Net Income, 3 Yr. CAGR %	-15.53	18.08	-20.28	25.19	1.46
Normalized Net Income, 3 Yr. CAGR %	-15.43	20.07	-23.37	27.98	22.42
Diluted EPS Before Extra, 3 Yr. CAGR %	-19.73	19.17	-23.05	18.94	-3.45
Accounts Receivable, 3 Yr. CAGR %	73.33	176.98	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.49	80.59	56.88	-24.48	-76.46
Total Assets, 3 Yr. CAGR %	6.85	7.7	11.49	-0.18	0.17
Tangible Book Value, 3 Yr. CAGR %	12.48	14.67	27.36	-1.06	2.23
Common Equity, 3 Yr. CAGR %	12.48	14.67	27.36	-1.06	2.23
Cash From Operations, 3 Yr. CAGR %	-13.63	2.96	-33.21	40.01	-15.15
Capital Expenditures, 3 Yr. CAGR %	81.98	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	3.3	28.75	-2.6	28.47	-3.11
Unlevered Free Cash Flow, 3 Yr. CAGR %	3.26	32.98	-2.12	29.36	-3.65
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	60.85	66.28	-	-
Gross Profit, 5 Yr. CAGR %	-	47.31	89.23	-	-
EBITDA, 5 Yr. CAGR %	-15.86	-11.81	-12.48	40.39	-3.44
EBITA, 5 Yr. CAGR %	-15.69	-10.81	-10.01	38.82	-2.91
EBIT, 5 Yr. CAGR %	-15.69	-10.81	-10.01	38.82	-2.91
Earnings From Cont. Operations, 5 Yr. CAGR %	-15.99	36.18	-11.43	30.3	-10.76
Net Income, 5 Yr. CAGR %	-12.51	30.86	-11.16	26.92	-10.78
Normalized Net Income, 5 Yr. CAGR %	-19.79	0.56	-10.09	30.6	-2.76
Diluted EPS Before Extra, 5 Yr. CAGR %	-16.77	24.48	-14.49	24.45	-15.04
Accounts Receivable, 5 Yr. CAGR %	-	49.34	56.81	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-3.94	12.98	-4.27	5.68	-35.08
Total Assets, 5 Yr. CAGR %	-11.78	2.28	7.24	4.23	3.9
Tangible Book Value, 5 Yr. CAGR %	12.85	0	12.92	8.89	10.29
Common Equity, 5 Yr. CAGR %	12.85	0	12.92	8.89	10.29
Cash From Operations, 5 Yr. CAGR %	-5.47	-21.29	-21.3	41.74	-27.28
Capital Expenditures, 5 Yr. CAGR %	4.81	-	-31.7	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	0.57	-39.59	-1.17	63.96	-17.8
Unlevered Free Cash Flow, 5 Yr. CAGR %	2.5	-39.84	-1.12	68.15	-18.03