Borealis Mining Company Limited
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 1.5M | 1.2M | 616,252 | 1.0M | 943,811 |
| Operating Revenue | 1.5M | 1.2M | 616,252 | 1.0M | 943,811 |
| Cost Of Revenue | 657,431 | 1.0M | 639,513 | 998,482 | 606,819 |
| Gross Profit | 887,054 | 154,229 | -23,261 | 24,597 | 336,992 |
| Selling General And Administration | 1.4M | 816,383 | 1.3M | 1.8M | 1.8M |
| General And Administrative Expense | 1.4M | 816,383 | 1.3M | 1.8M | 1.8M |
| Other Operating Expenses | 351,050 | 241,646 | 318,242 | 569,562 | 1.0M |
| Operating Expense | 1.7M | 1.1M | 1.7M | 2.3M | 2.9M |
| Operating Income | -820,291 | -903,800 | -1.7M | -2.3M | -2.5M |
| EBIT | -820,291 | -7.8M | -1.7M | -2.3M | -2.5M |
| Net Interest Income | -56,713 | -136,696 | -117,651 | -550,491 | 256,218 |
| Other Income Expense | -- | 0.00 | -- | -- | -- |
| Special Income Charges | -- | 0.00 | 0.00 | -- | -- |
| Restructuring And Mergern Acquisition | -- | 0.00 | 0.00 | -- | -- |
| Pretax Income | -877,004 | -1.0M | -1.8M | -2.9M | -2.3M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -877,004 | -1.0M | -1.8M | -2.9M | -2.3M |
| Net Income From Continuing Operation Net Minority Interest | -877,004 | -1.0M | -1.8M | -2.9M | -2.3M |
| Net Income Including Noncontrolling Interests | -877,004 | -1.0M | -1.8M | -2.9M | -2.3M |
| Net Income Common Stockholders | -877,004 | -1.0M | -1.8M | -2.9M | -2.3M |
| Net Income | -877,004 | -1.0M | -1.8M | -2.9M | -2.3M |
| EBITDA | -783,695 | -7.8M | -1.6M | -2.2M | -2.5M |
| Normalized EBITDA | -783,695 | -7.8M | -1.6M | -2.2M | -2.5M |
| Reconciled Depreciation | 36,596 | 25,478 | 67,538 | 74,435 | 68,923 |
| Basic EPS | -0.01 | -- | -0.02 | -0.03 | -0.03 |
| Diluted EPS | -0.01 | -- | -0.02 | -0.03 | -0.03 |
| Basic Average Shares | 117.5M | -- | 115.4M | 83.3M | 83.2M |
| Diluted Average Shares | 117.5M | -- | 115.4M | 83.3M | 83.2M |
| Total Unusual Items | -- | 0.00 | 0.00 | -- | -- |
| Total Unusual Items Excluding Goodwill | -- | 0.00 | 0.00 | -- | -- |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -877,004 | -1.0M | -1.8M | -2.9M | -2.3M |
| Diluted NI Availto Com Stockholders | -877,004 | -1.0M | -1.8M | -2.9M | -2.3M |
| Net Income Continuous Operations | -877,004 | -1.0M | -1.8M | -2.9M | -2.3M |
| Net Non Operating Interest Income Expense | -56,713 | -136,696 | -117,651 | -550,491 | 256,218 |
| Other Gand A | 1.4M | 816,383 | 1.3M | 1.8M | 1.8M |
| Reconciled Cost Of Revenue | 657,431 | 1.0M | 639,513 | 998,482 | 606,819 |
| Total Expenses | 2.4M | 2.1M | 2.3M | 3.3M | 3.5M |
| Total Other Finance Cost | 56,713 | -- | 117,651 | 550,491 | -256,218 |
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 8.2M | 3.2M | 4.5M | 645,256 | 378,634 |
| Cash Cash Equivalents And Short Term Investments | 8.2M | 3.2M | 4.5M | 645,256 | 378,634 |
| Cash Financial | 8.2M | 3.2M | 4.5M | 645,256 | 378,634 |
| Accounts Receivable | 394,173 | 381,525 | 328,014 | 233,654 | 981,821 |
| Receivables | 394,173 | 381,525 | 328,014 | 233,654 | 981,821 |
| Inventory | 3.5M | 1.9M | 1.0M | 909,961 | 1.3M |
| Prepaid Assets | 718,613 | 759,947 | 1.0M | 1.1M | 599,705 |
| Current Assets | 12.8M | 6.3M | 6.9M | 2.8M | 3.3M |
| Gross PPE | 934,966 | 934,966 | 864,164 | 864,166 | 836,403 |
| Accumulated Depreciation | -700,207 | -663,611 | -638,133 | -570,595 | -496,160 |
| Net PPE | 234,759 | 271,355 | 226,031 | 293,571 | 340,243 |
| Other Non Current Assets | -- | 2.5M | -- | 2.3M | -- |
| Total Non Current Assets | 2.8M | 2.8M | 3.0M | 2.6M | 2.6M |
| Total Assets | 15.6M | 9.0M | 9.9M | 5.4M | 5.9M |
| Payables And Accrued Expenses | 966,631 | 1.1M | 1.1M | 1.8M | 781,741 |
| Current Liabilities | 966,631 | 1.1M | 1.1M | 1.8M | 781,741 |
| Other Non Current Liabilities | 13,307 | 13,307 | 13,307 | 13,307 | 13,307 |
| Total Non Current Liabilities Net Minority Interest | 10.7M | 10.7M | 10.7M | 10.7M | 10.3M |
| Total Liabilities Net Minority Interest | 11.6M | 11.8M | 11.9M | 12.5M | 11.1M |
| Common Stock | 38.5M | 29.3M | 29.1M | 17.3M | 17.3M |
| Capital Stock | 38.5M | 29.3M | 29.1M | 17.3M | 17.3M |
| Retained Earnings | -37.6M | -37.3M | -36.3M | -27.6M | -24.7M |
| Gains Losses Not Affecting Retained Earnings | 3.0M | 5.2M | 5.2M | 3.2M | 2.3M |
| Other Equity Adjustments | 3.0M | 5.2M | 5.2M | 3.2M | 2.3M |
| Common Stock Equity | 4.0M | -2.8M | -2.0M | -7.1M | -5.2M |
| Stockholders Equity | 4.0M | -2.8M | -2.0M | -7.1M | -5.2M |
| Total Equity Gross Minority Interest | 4.0M | -2.8M | -2.0M | -7.1M | -5.2M |
| Total Capitalization | 4.0M | -2.8M | -2.0M | -7.1M | -5.2M |
| Net Tangible Assets | 4.0M | -2.8M | -2.0M | -7.1M | -5.2M |
| Tangible Book Value | 4.0M | -2.8M | -2.0M | -7.1M | -5.2M |
| Working Capital | 11.9M | 5.2M | 5.8M | 1.0M | 2.5M |
| Invested Capital | 4.0M | -2.8M | -2.0M | -7.1M | -5.2M |
| Share Issued | 130.8M | 115.7M | 115.4M | 83.3M | 83.3M |
| Ordinary Shares Number | 130.8M | 115.7M | 115.4M | 83.3M | 83.3M |
| Buildings And Improvements | 22,726 | 22,726 | 22,726 | 22,726 | 22,726 |
| Finished Goods | -- | 0.00 | -- | -- | 71,845 |
| Long Term Provisions | 10.7M | 10.7M | 10.7M | 10.7M | 10.3M |
| Machinery Furniture Equipment | 912,240 | 912,240 | 841,438 | 841,440 | 813,677 |
| Non Current Prepaid Assets | 2.5M | -- | 2.8M | -- | 2.3M |
| Other Inventories | -- | -- | 101,541 | 101,542 | -- |
| Work In Process | 3.5M | 1.9M | 943,103 | 808,419 | 1.3M |
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -2.6M | -1.7M | -2.8M | 354,502 | -2.2M |
| Cash Flow From Continuing Operating Activities | -2.6M | -1.7M | -2.8M | 354,502 | -2.2M |
| Depreciation And Amortization | 36,596 | 25,478 | 67,538 | 74,435 | 68,923 |
| Depreciation Amortization Depletion | 36,596 | 25,478 | 67,538 | 74,435 | 68,923 |
| Stock Based Compensation | 16,360 | 49,593 | 49,532 | 994,787 | 1.0M |
| Change In Working Capital | -1.7M | -698,866 | -1.1M | 1.7M | -660,040 |
| Changes In Account Receivables | -12,648 | -53,511 | -89,936 | 748,167 | -852,491 |
| Change In Receivables | -12,648 | -53,511 | -89,936 | 748,167 | -852,491 |
| Change In Inventory | -1.6M | -889,362 | -134,683 | 419,591 | -20,587 |
| Change In Payables And Accrued Expense | -131,706 | -37,872 | -922,744 | 1.0M | 134,559 |
| Other Non Cash Items | -52,379 | 9,653 | 6.9M | 423,447 | -383,260 |
| Capital Expenditure | -- | -70,802 | -- | -27,763 | -69,603 |
| Purchase Of PPE | 0.00 | -70,802 | 2.00 | -27,763 | -69,603 |
| Net PPE Purchase And Sale | 0.00 | -100,413 | 29,613 | -27,763 | -69,603 |
| Purchase Of Business | -- | -- | -- | -- | 0.00 |
| Sale Of Business | -- | -- | -- | -- | 0.00 |
| Investing Cash Flow | -46,411 | 200,265 | 29,613 | -27,763 | -69,603 |
| Cash Flow From Continuing Investing Activities | -46,411 | 200,265 | 29,613 | -27,763 | -69,603 |
| Issuance Of Capital Stock | -- | -1.00 | 7.0M | -- | -- |
| Repurchase Of Capital Stock | -81,105 | -- | -- | -- | 0.00 |
| Net Common Stock Issuance | -81,105 | -1.00 | 7.0M | 0.00 | 0.00 |
| Common Stock Payments | -81,105 | -- | -- | -- | 0.00 |
| Financing Cash Flow | 7.7M | 100,752 | 6.5M | 0.00 | 14,661 |
| Cash Flow From Continuing Financing Activities | 7.7M | 100,752 | 6.5M | 0.00 | 14,661 |
| Effect Of Exchange Rate Changes | -112,807 | 21,616 | 169,080 | -60,117 | 15,780 |
| Changes In Cash | 5.1M | -1.4M | 3.7M | 326,739 | -2.3M |
| Beginning Cash Position | 3.2M | 4.5M | 645,256 | 378,634 | 2.6M |
| End Cash Position | 8.2M | 3.2M | 4.5M | 645,256 | 378,634 |
| Free Cash Flow | -2.6M | -1.7M | -2.8M | 326,739 | -2.3M |
| Change In Prepaid Assets | 41,335 | 281,879 | 65,426 | -457,225 | 78,479 |
| Common Stock Issuance | -- | -1.00 | 7.0M | -- | -- |
| Depreciation | 36,596 | 25,478 | 67,538 | 74,435 | 68,923 |
| Net Business Purchase And Sale | -- | -- | -- | -- | 0.00 |
| Net Income From Continuing Operations | -877,004 | -1.0M | -8.7M | -2.9M | -2.3M |
| Net Other Financing Charges | -- | 0.00 | -- | -- | -- |
| Net Other Investing Changes | -46,411 | -- | -- | -- | -- |
| Proceeds From Stock Option Exercised | 7.8M | 100,753 | 74,475 | 0.00 | 14,661 |