Canadian North Resources Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Cost Of Revenue | 6,053 | 6,053 | 6,053 | -52,560 | 25,676 | -- |
| Gross Profit | -6,053 | -6,053 | -6,053 | 52,560 | -25,676 | -- |
| Selling General And Administration | 156,705 | 292,861 | 274,813 | 370,264 | 355,633 | -- |
| General And Administrative Expense | 156,705 | 292,861 | 274,813 | 370,264 | 355,633 | -- |
| Other Operating Expenses | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | -- |
| Operating Expense | 174,705 | 310,861 | 292,813 | 388,264 | 373,633 | -- |
| Operating Income | -180,758 | -316,914 | -298,866 | -335,704 | -399,309 | -- |
| EBIT | -180,758 | -316,090 | -290,887 | -312,150 | -367,026 | -- |
| Interest Expense | 10,842 | 16,385 | 22,097 | 29,491 | 36,380 | -- |
| Interest Expense Non Operating | 10,842 | 16,385 | 22,097 | 29,491 | 36,380 | -- |
| Interest Income | 0.00 | 824.00 | 7,979 | 17,554 | 32,283 | -- |
| Interest Income Non Operating | 0.00 | 824.00 | 7,979 | 17,554 | 32,283 | -- |
| Net Interest Income | -10,842 | -15,561 | -14,118 | -11,937 | -4,097 | -- |
| Pretax Income | -191,600 | -332,475 | -312,984 | -341,641 | -403,406 | -- |
| Tax Provision | -36,072 | 6,808 | -359,378 | -93,627 | 9,976 | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -155,528 | -339,283 | 46,394 | -248,014 | -413,382 | -- |
| Net Income From Continuing Operation Net Minority Interest | -155,528 | -339,283 | 46,394 | -248,014 | -413,382 | -- |
| Net Income Including Noncontrolling Interests | -155,528 | -339,283 | 46,394 | -248,014 | -413,382 | -- |
| Net Income Common Stockholders | -155,528 | -339,283 | 46,394 | -248,014 | -413,382 | -- |
| Net Income | -155,528 | -339,283 | 46,394 | -248,014 | -413,382 | -- |
| EBITDA | -174,705 | -310,036 | -284,834 | -312,150 | -341,351 | -- |
| Normalized EBITDA | -174,705 | -310,036 | -284,834 | -312,150 | -341,351 | -- |
| Reconciled Depreciation | 6,053 | 6,054 | 6,053 | -52,560 | 25,675 | -- |
| Basic EPS | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Basic Average Shares | 114.3M | 114.3M | 114.4M | -- | 114.6M | 114.6M |
| Diluted Average Shares | 114.3M | 114.3M | 114.4M | -- | 114.6M | 114.6M |
| Tax Rate For Calcs | 0.19 | 0.15 | 0.15 | 0.27 | 0.15 | -- |
| Normalized Income | -155,528 | -339,283 | 46,394 | -248,014 | -413,382 | -- |
| Diluted NI Availto Com Stockholders | -155,528 | -339,283 | 46,394 | -248,014 | -413,382 | -- |
| Net Income Continuous Operations | -155,528 | -339,283 | 46,394 | -248,014 | -413,382 | -- |
| Net Non Operating Interest Income Expense | -10,842 | -15,561 | -14,118 | -11,937 | -4,097 | -- |
| Other Gand A | 126,024 | 262,309 | 244,389 | 329,773 | 295,634 | -- |
| Reconciled Cost Of Revenue | 6,053 | 6,053 | 6,053 | -52,560 | 25,676 | -- |
| Rent And Landing Fees | 18,840 | 18,840 | 18,840 | 18,840 | 19,320 | -- |
| Rent Expense Supplemental | 18,840 | 18,840 | 18,840 | 18,840 | 19,320 | -- |
| Salaries And Wages | 11,841 | 11,712 | 11,584 | 21,651 | 40,679 | -- |
| Total Expenses | 180,758 | 316,914 | 298,866 | 335,704 | 399,309 | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 27,949 | 143,233 | 771,839 | 1.6M | 2.9M | -- |
| Cash Cash Equivalents And Short Term Investments | 27,949 | 143,233 | 771,839 | 1.6M | 2.9M | -- |
| Receivables | 66,839 | 83,502 | 87,879 | 90,900 | 92,660 | -- |
| Prepaid Assets | 157,692 | 208,723 | 148,164 | 148,135 | 186,752 | -- |
| Current Assets | 252,480 | 435,458 | 1.0M | 1.9M | 3.1M | -- |
| Gross PPE | 46.1M | 46.3M | 45.9M | 47.6M | 45.5M | -- |
| Accumulated Depreciation | -516,578 | -490,389 | -464,349 | -2.5M | -412,870 | -- |
| Net PPE | 45.6M | 45.8M | 45.4M | 45.2M | 45.1M | -- |
| Total Non Current Assets | 45.6M | 45.8M | 45.4M | 45.2M | 45.1M | -- |
| Total Assets | 45.9M | 46.2M | 46.4M | 47.1M | 48.2M | -- |
| Current Debt And Capital Lease Obligation | -- | 513,700 | 724,264 | 834,740 | 895,184 | 943,446 |
| Payables And Accrued Expenses | 749,003 | 412,857 | 74,823 | 117,103 | 245,053 | -- |
| Current Liabilities | 749,003 | 926,557 | 799,087 | 951,843 | 1.1M | -- |
| Long Term Debt And Capital Lease Obligation | -- | -- | -- | 129,377 | 318,892 | 513,700 |
| Long Term Capital Lease Obligation | 0.00 | 0.00 | 0.00 | 129,377 | 318,892 | -- |
| Total Non Current Liabilities Net Minority Interest | 2.2M | 2.3M | 2.3M | 2.7M | 3.0M | -- |
| Total Liabilities Net Minority Interest | 3.0M | 3.2M | 3.1M | 3.7M | 4.2M | -- |
| Common Stock | 50.3M | 50.3M | 50.3M | 50.3M | 50.5M | -- |
| Capital Stock | 50.3M | 50.3M | 50.3M | 50.3M | 50.5M | -- |
| Additional Paid In Capital | 7.7M | 7.7M | 7.7M | 4.1M | 8.0M | -- |
| Retained Earnings | -15.1M | -14.9M | -14.6M | -14.6M | -14.4M | -- |
| Common Stock Equity | 42.9M | 43.0M | 43.4M | 43.4M | 44.0M | -- |
| Stockholders Equity | 42.9M | 43.0M | 43.4M | 43.4M | 44.0M | -- |
| Total Equity Gross Minority Interest | 42.9M | 43.0M | 43.4M | 43.4M | 44.0M | -- |
| Total Capitalization | 42.9M | 43.0M | 43.4M | 43.4M | 44.0M | -- |
| Net Tangible Assets | 42.9M | 43.0M | 43.4M | 43.4M | 44.0M | -- |
| Tangible Book Value | 42.9M | 43.0M | 43.4M | 43.4M | 44.0M | -- |
| Working Capital | -496,523 | -491,099 | 208,795 | 933,418 | 2.0M | -- |
| Invested Capital | 42.9M | 43.0M | 43.4M | 43.4M | 44.0M | -- |
| Total Debt | 0.00 | 513,700 | 724,264 | 964,117 | 1.2M | -- |
| Share Issued | 114.3M | 114.3M | 114.4M | 114.4M | 114.5M | -- |
| Ordinary Shares Number | 114.3M | 114.3M | 114.4M | 114.4M | 114.5M | -- |
| Capital Lease Obligations | 0.00 | 513,700 | 724,264 | 964,117 | 1.2M | -- |
| Current Capital Lease Obligation | 0.00 | 513,700 | 724,264 | 834,740 | 895,184 | -- |
| Non Current Deferred Liabilities | 2.2M | 2.3M | 2.3M | 2.6M | 2.7M | -- |
| Non Current Deferred Taxes Liabilities | 2.2M | 2.3M | 2.3M | 2.6M | 2.7M | -- |
| Other Equity Interest | -- | -- | -- | 3.5M | -- | -- |
| Other Properties | 46.1M | 46.3M | 45.9M | 47.6M | 45.5M | -- |
| Taxes Receivable | 66,839 | 83,502 | 87,879 | 90,900 | 92,660 | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -325,649 | -16,473 | -312,537 | -430,633 | -155,557 | -- |
| Cash Flow From Continuing Operating Activities | -325,649 | -16,473 | -312,537 | -430,633 | -155,557 | -- |
| Depreciation And Amortization | 6,053 | 6,054 | 6,053 | -52,560 | 25,675 | -- |
| Depreciation Amortization Depletion | 6,053 | 6,054 | 6,053 | -52,560 | 25,675 | -- |
| Stock Based Compensation | 11,841 | 11,712 | 11,584 | 21,651 | 40,678 | -- |
| Deferred Tax | -36,072 | 6,808 | -359,378 | -93,627 | 9,976 | -- |
| Deferred Income Tax | -36,072 | 6,808 | -359,378 | -93,627 | 9,976 | -- |
| Change In Working Capital | -162,784 | 281,851 | -39,287 | -87,574 | 145,177 | -- |
| Change In Payables And Accrued Expense | -230,478 | 338,033 | -42,279 | -127,950 | 155,404 | -- |
| Other Non Cash Items | 10,842 | 16,386 | 22,097 | 29,491 | 36,380 | -- |
| Capital Expenditure | -- | -351,915 | -256,551 | -375,613 | -658,140 | -318,898 |
| Purchase Of PPE | 0.00 | -- | -- | 0.00 | -3,815 | 0.00 |
| Net PPE Purchase And Sale | 0.00 | -- | -- | 0.00 | -3,815 | 0.00 |
| Investing Cash Flow | 241,015 | -351,915 | -256,551 | -375,613 | -483,702 | -- |
| Cash Flow From Continuing Investing Activities | 241,015 | -351,915 | -256,551 | -375,613 | -483,702 | -- |
| Repayment Of Debt | -30,650 | -226,950 | -261,950 | -279,450 | -279,450 | -- |
| Net Issuance Payments Of Debt | -30,650 | -226,950 | -261,950 | -279,450 | -279,450 | -- |
| Issuance Of Capital Stock | -- | -- | 0.00 | 181,698 | 0.00 | -181,698 |
| Repurchase Of Capital Stock | 0.00 | -33,268 | -43,349 | -- | 0.00 | 0.00 |
| Net Common Stock Issuance | 0.00 | -33,268 | -43,349 | 56,772 | 0.00 | -- |
| Common Stock Payments | 0.00 | -33,268 | -43,349 | -- | 0.00 | 0.00 |
| Financing Cash Flow | -30,650 | -260,218 | -305,299 | -404,376 | -279,450 | -- |
| Cash Flow From Continuing Financing Activities | -30,650 | -260,218 | -305,299 | -404,376 | -279,450 | -- |
| Changes In Cash | -115,284 | -628,606 | -874,387 | -1.2M | -918,709 | -- |
| Beginning Cash Position | 143,233 | 771,839 | 1.6M | 2.9M | 3.8M | -- |
| End Cash Position | 27,949 | 143,233 | 771,839 | 1.6M | 2.9M | -- |
| Free Cash Flow | -84,634 | -368,388 | -569,088 | -806,246 | -813,697 | -- |
| Capital Expenditure Reported | 241,015 | -333,915 | -256,551 | -375,613 | -654,325 | -- |
| Change In Prepaid Assets | 67,694 | -56,182 | 2,992 | 40,376 | -10,227 | -- |
| Common Stock Issuance | -- | -- | 0.00 | 181,698 | 0.00 | -181,698 |
| Depreciation | 6,053 | 6,054 | 6,053 | -52,560 | 25,675 | -- |
| Long Term Debt Payments | -30,650 | -226,950 | -261,950 | -279,450 | -279,450 | -- |
| Net Income From Continuing Operations | -155,529 | -339,284 | 46,394 | -248,014 | -413,443 | -- |
| Net Long Term Debt Issuance | -30,650 | -226,950 | -261,950 | -279,450 | -279,450 | -- |
| Net Other Investing Changes | -- | -- | -- | 0.00 | -- | -- |
| Proceeds From Stock Option Exercised | 0.00 | -- | -- | -- | 0.00 | -- |