Income Statement Trilogy Metals Inc.

Equities

TMQ

CA89621C1059

Diversified Mining

Market Closed - Toronto S.E. Other stock markets 16:23:47 2026-04-15 EDT			5-day change	1st Jan Change
5.910 ^CAD	+3.32%		+3.87%	-0.51%

04-07	Trilogy Metals Upgraded to Outperform at Raymond James	MT
04-02	Trilogy Metals Up 0.25% In US After Hours Even As Reports Wider Loss for Q1 FY26; Updates on U.S. Federal Strategic Investment	MT

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Published financial data: TRILOGY METALS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: November	2021	2022	2023	2024	2025
Cost of Goods Sold, Total	-	-	-	-	-
Gross Profit	-	-	-	-	-
Selling General & Admin Expenses, Total	7.81M	6.7M	7.04M	6.59M	9.11M
Exploration / Drilling Costs, Total	143K	47K	43K	36K	166K
Amortization of Goodwill and Intangible Assets - (IS)	21K	17K	8K	4K	-
Impairment of Oil, Gas & Mineral Properties - (IS)	-	90K	-	-	-
Other Operating Expenses, Total	7.98M	6.85M	7.09M	6.63M	9.28M
Operating Income	-7.98M	-6.85M	-7.09M	-6.63M	-9.28M
Interest And Investment Income	16K	34K	120K	685K	1.16M
Net Interest Expenses	16K	34K	120K	685K	1.16M
Income (Loss) On Equity Invest.	-13.08M	-17.36M	-7.84M	-2.64M	-11.39M
Currency Exchange Gains (Loss)	-36K	18K	-5K	1K	17K
Other Non Operating Income (Expenses)	-580K	-183K	-130K	-9K	-22.75M
EBT, Excl. Unusual Items	-21.66M	-24.34M	-14.95M	-8.59M	-42.24M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	84K	-	-	-
EBT, Incl. Unusual Items	-21.66M	-24.26M	-14.95M	-8.59M	-42.24M
Earnings From Continuing Operations	-21.66M	-24.26M	-14.95M	-8.59M	-42.24M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-21.66M	-24.26M	-14.95M	-8.59M	-42.24M
Net Income - (IS)	-21.66M	-24.26M	-14.95M	-8.59M	-42.24M
Net Income to Common Incl Extra Items	-21.66M	-24.26M	-14.95M	-8.59M	-42.24M
Net Income to Common Excl. Extra Items	-21.66M	-24.26M	-14.95M	-8.59M	-42.24M
Per Share Items
Net EPS - Basic	-0.15	-0.17	-0.1	-0.05	-0.26
Basic EPS - Continuing Operations	-0.15	-0.17	-0.1	-0.05	-0.26
Basic Weighted Average Shares Outstanding	144M	146M	153M	160M	165M
Net EPS - Diluted	-0.15	-0.17	-0.1	-0.05	-0.26
Diluted EPS - Continuing Operations	-0.15	-0.17	-0.1	-0.05	-0.26
Diluted Weighted Average Shares Outstanding	144M	146M	153M	160M	165M
Normalized Basic EPS	-0.09	-0.1	-0.06	-0.03	-0.16
Normalized Diluted EPS	-0.09	-0.1	-0.06	-0.03	-0.16
Supplemental Items
EBITDA	-7.96M	-6.74M	-7.08M	-6.62M	-9.27M
EBITA	-7.98M	-6.85M	-7.09M	-6.63M	-9.28M
EBIT	-7.98M	-6.85M	-7.09M	-6.63M	-9.28M
EBITDAR	-7.65M	-6.41M	-6.73M	-6.38M	-9.2M
Normalized Net Income	-13.54M	-15.21M	-9.34M	-5.37M	-26.4M
Supplemental Operating Expense Items
General and Administrative Expenses	2.03M	1.96M	2.04M	1.9M	3.32M
Exploration/Drilling Costs	143K	47K	43K	36K	166K
Net Rental Expense, Total	309K	330K	356K	246K	71K
Stock-Based Comp., SG&A Exp. (Total)	3.47M	3.43M	3.89M	3.52M	3.34M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	3.47M	3.43M	3.89M	3.52M	3.34M

Fiscal Period: November	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	6.31M	2.57M	2.59M	25.83M	51.61M
Short Term Investments	285K	320K	259K	195K	193K
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	6.59M	2.89M	2.85M	26.03M	51.81M
Other Receivables	19K	17K	33K	16K	118K
Total Receivables	19K	17K	33K	16K	118K
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	6.61M	2.91M	2.88M	26.04M	51.92M
Gross Property Plant And Equipment	832K	372K	-	-	-
Accumulated Depreciation	-202K	-41K	-	-	-
Net Property Plant And Equipment	630K	331K	117K	155K	117K
Long-term Investments	160M	143M	135M	107M	105M
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	167M	146M	138M	134M	157M
Liabilities
Accounts Payable, Total	205K	188K	146K	196K	646K
Accrued Expenses, Total	647K	157K	286K	560K	1.68M
Current Portion of Leases	179K	189K	33K	37K	41K
Other Current Liabilities	-	-	-	-	30.74M
Total Current Liabilities	1.03M	534K	465K	793K	33.11M
Long-Term Leases	235K	33K	-	110K	70K
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	1.27M	567K	465K	903K	33.18M
Common Stock, Total	181M	182M	188M	191M	225M
Additional Paid In Capital	27.82M	30.11M	31.48M	32.69M	31.52M
Retained Earnings	-42.6M	-66.86M	-81.81M	-90.4M	-133M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	166M	145M	138M	133M	124M
Total Equity	166M	145M	138M	133M	124M
Total Liabilities And Equity	167M	146M	138M	134M	157M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	145M	149M	160M	164M	173M
ECS Total Common Shares Outstanding	145M	146M	156M	161M	171M
Book Value / Share	1.15	0.99	0.88	0.82	0.73
Tangible Book Value	166M	145M	138M	133M	124M
Tangible Book Value Per Share	1.15	0.99	0.88	0.82	0.73
Total Debt	414K	222K	33K	147K	111K
Net Debt	-6.18M	-2.67M	-2.82M	-25.88M	-51.7M
Debt Equivalent Oper. Leases	2.47M	2.64M	2.85M	1.97M	568K
Equity Method Investments, Total	160M	143M	135M	107M	105M
Account Code - Inventory Valuation	-	3	3	3	3
Machinery, Total	178K	-	-	-	-
Full Time Employees	7	5	5	5	5

Fiscal Period: November	2021	2022	2023	2024	2025
Net Income	-21.66M	-24.26M	-14.95M	-8.59M	-42.24M
Depreciation & Amortization - CF	21K	17K	8K	4K	-
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Impairment of Oil, Gas & Mineral Properties - (CF)	-	90K	-	-	-
Depreciation & Amortization, Total	21K	107K	8K	4K	-
(Gain) Loss From Sale Of Asset	-	-84K	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	13.08M	17.36M	7.84M	2.64M	11.39M
Stock-Based Compensation (CF)	3.47M	3.43M	3.89M	3.52M	3.34M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-5K	80K	138K	194K	22.6M
Change In Accounts Receivable	110K	2K	-16K	17K	8K
Change In Accounts Payable	-36K	-506K	-64K	324K	1.66M
Change in Other Net Operating Assets	-101K	-64K	61K	64K	2K
Cash from Operations	-5.12M	-3.94M	-3.09M	-1.83M	-3.25M
Capital Expenditure	-119K	-	-	-	-
Sale of Property, Plant, and Equipment	-	142K	-	-	-
Cash Acquisitions	-	-	-	-	-1M
Investment in Marketable and Equity Securities, Total	-	-	-	25M	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-119K	142K	-	25M	-1M
Issuance of Common Stock	416K	54K	3.12M	74K	30.01M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	416K	54K	3.12M	74K	30.01M
Foreign Exchange Rate Adjustments	3K	4K	-5K	-2K	17K
Net Change in Cash	-4.82M	-3.74M	17K	23.24M	25.78M
Supplemental Items
Levered Free Cash Flow	-1.54M	-1.25M	-466K	-278K	29.75M
Unlevered Free Cash Flow	-1.54M	-1.25M	-466K	-278K	29.75M
Change In Net Working Capital	-74K	505K	-71K	-341K	-32.21M

Fiscal Period: November	2021	2022	2023	2024	2025
Profitability
Return on Assets	-2.83	-2.73	-3.12	-3.05	-3.99
Return on Total Capital	-2.84	-2.74	-3.13	-3.06	-4.51
Return On Equity %	-12.38	-15.58	-10.57	-6.35	-32.88
Return on Common Equity	-12.38	-15.58	-10.57	-6.35	-32.88
Short Term Liquidity
Current Ratio	6.41	5.45	6.2	32.84	1.57
Quick Ratio	6.41	5.45	6.2	32.84	1.57
Operating Cash Flow to Current Liabilities	-4.96	-7.37	-6.65	-2.31	-0.1
Average Days Payable Outstanding	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	0.25	0.15	0.02	0.11	0.09
Total Debt / Total Capital	0.25	0.15	0.02	0.11	0.09
LT Debt/Equity	0.14	0.02	-	0.08	0.06
Long-Term Debt / Total Capital	0.14	0.02	-	0.08	0.06
Total Liabilities / Total Assets	0.76	0.39	0.34	0.68	21.09
Total Debt / EBITDA	-0.05	-0.03	-0	-0.02	-0.01
Net Debt / EBITDA	0.81	0.42	0.42	4.06	5.62
Total Debt / (EBITDA - Capex)	-0.05	-0.03	-0	-0.02	-0.01
Net Debt / (EBITDA - Capex)	0.8	0.42	0.42	4.06	5.62
Growth Over Prior Year
Gross Profit, 1 Yr. Growth %	-	-	-	-	-
EBITDA, 1 Yr. Growth %	-30.69	-15.26	5.06	-6.49	40.01
EBITA, 1 Yr. Growth %	-31.05	-14.14	3.53	-6.54	39.98
EBIT, 1 Yr. Growth %	-31.05	-14.14	3.53	-6.54	39.98
Earnings From Cont. Operations, 1 Yr. Growth %	-113.39	11.99	-38.36	-42.57	391.92
Net Income, 1 Yr. Growth %	-113.39	11.99	-38.36	-42.57	391.92
Normalized Net Income, 1 Yr. Growth %	54.68	12.38	-38.58	-42.57	391.92
Diluted EPS Before Extra, 1 Yr. Growth %	-113.39	13.33	-41.18	-46.27	383.94
Net Property, Plant and Equip., 1 Yr. Growth %	-7.62	-47.46	-64.65	32.48	-24.52
Total Assets, 1 Yr. Growth %	-9.69	-12.74	-5.46	-3.13	17.66
Tangible Book Value, 1 Yr. Growth %	-9.67	-12.41	-5.41	-3.46	-6.53
Common Equity, 1 Yr. Growth %	-9.67	-12.41	-5.41	-3.46	-6.53
Cash From Operations, 1 Yr. Growth %	-37.98	-23.1	-21.4	-40.9	77.68
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-68.66	-18.59	-62.75	-40.51	-10.82K
Unlevered Free Cash Flow, 1 Yr. Growth %	-68.66	-18.59	-62.75	-40.51	-10.82K
Compound Annual Growth Rate Over Two Years
Gross Profit, 2 Yr. CAGR %	-	-	-	-	-
EBITDA, 2 Yr. CAGR %	-46.3	-23.36	-5.65	-0.89	14.42
EBITA, 2 Yr. CAGR %	-46.43	-23.06	-5.72	-1.63	14.38
EBIT, 2 Yr. CAGR %	-46.43	-23.06	-5.72	-1.63	14.38
Earnings From Cont. Operations, 2 Yr. CAGR %	-11.9	-61.28	-16.92	-40.5	68.09
Net Income, 2 Yr. CAGR %	-11.9	-61.28	-16.92	-40.5	68.09
Normalized Net Income, 2 Yr. CAGR %	-11.9	31.84	-16.92	-40.6	68.09
Diluted EPS Before Extra, 2 Yr. CAGR %	-15.48	-61.04	-18.35	-43.78	61.25
Net Property, Plant and Equip., 2 Yr. CAGR %	-85.82	-30.33	-56.91	-31.57	0
Total Assets, 2 Yr. CAGR %	80.04	-11.23	-9.17	-4.3	6.76
Tangible Book Value, 2 Yr. CAGR %	201.52	-11.05	-8.98	-4.44	-5.01
Common Equity, 2 Yr. CAGR %	201.52	-11.05	-8.98	-4.44	-5.01
Cash From Operations, 2 Yr. CAGR %	-53.33	-30.94	-22.25	-31.84	2.48
Capital Expenditures, 2 Yr. CAGR %	-57.05	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-66.26	-49.49	-42.67	-52.93	698.6
Unlevered Free Cash Flow, 2 Yr. CAGR %	-66.26	-49.49	-42.67	-52.93	698.6
Compound Annual Growth Rate Over Three Years
Gross Profit, 3 Yr. CAGR %	-	-	-	-	-
EBITDA, 3 Yr. CAGR %	-28.07	-37.48	-14.86	-5.93	11.21
EBITA, 3 Yr. CAGR %	-28.19	-37.31	-15.06	-5.99	10.64
EBIT, 3 Yr. CAGR %	-28.19	-37.31	-15.06	-5.99	10.64
Earnings From Cont. Operations, 3 Yr. CAGR %	-0.29	-4.56	-54.79	-26.54	20.31
Net Income, 3 Yr. CAGR %	-0.29	-4.56	-54.79	-26.54	20.31
Normalized Net Income, 3 Yr. CAGR %	0.13	-4.45	2.21	-26.54	20.17
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.9	-6.8	-55.31	-28.98	15.22
Net Property, Plant and Equip., 3 Yr. CAGR %	-72.68	-78.06	-44.44	-37.34	-29.29
Total Assets, 3 Yr. CAGR %	45.19	41.42	-9.35	-7.2	2.52
Tangible Book Value, 3 Yr. CAGR %	72.76	99.69	-9.21	-7.18	-5.14
Common Equity, 3 Yr. CAGR %	72.76	99.69	-9.21	-7.18	-5.14
Cash From Operations, 3 Yr. CAGR %	-38.57	-44.88	-27.9	-29.04	-6.2
Capital Expenditures, 3 Yr. CAGR %	157.13	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-52.12	-54.74	-54.36	-41.96	187.48
Unlevered Free Cash Flow, 3 Yr. CAGR %	-52.12	-54.74	-54.36	-41.96	187.48
Compound Annual Growth Rate Over Five Years
Gross Profit, 5 Yr. CAGR %	-	-	-	-	-
EBITDA, 5 Yr. CAGR %	-1.16	-18.6	-19.82	-24.82	-4.18
EBITA, 5 Yr. CAGR %	-1.29	-18.44	-19.93	-24.93	-4.32
EBIT, 5 Yr. CAGR %	-1.29	-18.44	-19.93	-24.93	-4.32
Earnings From Cont. Operations, 5 Yr. CAGR %	19.98	2.82	-7.31	-21	-23.55
Net Income, 5 Yr. CAGR %	34.82	2.82	-7.31	-21	-23.55
Normalized Net Income, 5 Yr. CAGR %	19.58	5.22	-7.07	-21	24.71
Diluted EPS Before Extra, 5 Yr. CAGR %	12.59	-3.19	-11.09	-23.86	-25.33
Net Property, Plant and Equip., 5 Yr. CAGR %	-54.06	-59.68	-67.22	-65.42	-29.71
Total Assets, 5 Yr. CAGR %	29.05	29.38	20.35	20.97	-3.22
Tangible Book Value, 5 Yr. CAGR %	29.18	41.47	33.7	48.7	-7.55
Common Equity, 5 Yr. CAGR %	29.18	41.47	33.7	48.7	-7.55
Cash From Operations, 5 Yr. CAGR %	-10.05	-23.89	-32.5	-39.99	-17.01
Capital Expenditures, 5 Yr. CAGR %	-0.5	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-20.14	-31.03	-49.37	-54.02	43.39
Unlevered Free Cash Flow, 5 Yr. CAGR %	-20.14	-31.03	-49.37	-54.02	43.39