Dolly Varden Silver Corporation
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 |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling General And Administration | 1.6M | 2.6M | 1.4M | 1.0M | 1.9M |
| General And Administrative Expense | 1.2M | 1.7M | 1.1M | 765,917 | 1.3M |
| Other Operating Expenses | 15.7M | 7.9M | 1.2M | 1.9M | 9.6M |
| Operating Expense | 17.2M | 10.7M | 2.7M | 2.9M | 11.5M |
| Operating Income | -17.2M | -10.7M | -2.7M | -2.9M | -11.5M |
| EBIT | -17.2M | -10.7M | -2.7M | -2.9M | -11.5M |
| Interest Income | 313,495 | 239,544 | 256,399 | 348,496 | 243,245 |
| Interest Income Non Operating | 313,495 | 239,544 | 256,399 | 348,496 | 243,245 |
| Net Interest Income | 313,495 | 239,544 | 256,399 | 348,496 | 243,245 |
| Other Income Expense | 3.0M | 1.1M | 58,916 | 398,310 | 2.3M |
| Other Non Operating Income Expenses | 3.0M | 1.1M | 58,916 | 398,310 | 2.3M |
| Pretax Income | -14.0M | -9.3M | -2.3M | -2.2M | -9.0M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -14.0M | -9.3M | -2.3M | -2.2M | -9.0M |
| Net Income From Continuing Operation Net Minority Interest | -14.0M | -9.3M | -2.3M | -2.2M | -9.0M |
| Net Income Including Noncontrolling Interests | -14.0M | -9.3M | -2.3M | -2.2M | -9.0M |
| Net Income Common Stockholders | -14.0M | -9.3M | -2.3M | -2.2M | -9.0M |
| Net Income | -14.0M | -9.3M | -2.3M | -2.2M | -9.0M |
| EBITDA | -17.2M | -10.7M | -2.7M | -2.9M | -11.5M |
| Normalized EBITDA | -17.2M | -10.7M | -2.7M | -2.9M | -11.5M |
| Reconciled Depreciation | 9,169 | 9,168 | 9,059 | 11,848 | 11,710 |
| Basic EPS | -0.16 | -0.12 | -0.03 | -- | -0.12 |
| Diluted EPS | -0.16 | -0.12 | -0.03 | -- | -0.12 |
| Basic Average Shares | 87.1M | 80.6M | 79.3M | -- | 73.4M |
| Diluted Average Shares | 87.1M | 80.6M | 79.3M | -- | 73.4M |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -14.0M | -9.3M | -2.3M | -2.2M | -9.0M |
| Diluted NI Availto Com Stockholders | -14.0M | -9.3M | -2.3M | -2.2M | -9.0M |
| Net Income Continuous Operations | -14.0M | -9.3M | -2.3M | -2.2M | -9.0M |
| Net Non Operating Interest Income Expense | 313,495 | 239,544 | 256,399 | 348,496 | 243,245 |
| Other Gand A | 577,485 | 1.1M | 428,625 | 125,618 | 656,294 |
| Other Taxes | 19,927 | 157,759 | 128,771 | 0.00 | 0.00 |
| Rent And Landing Fees | 39,050 | 38,409 | 38,376 | 30,776 | 34,215 |
| Rent Expense Supplemental | 39,050 | 38,409 | 38,376 | 30,776 | 34,215 |
| Salaries And Wages | 587,577 | 590,695 | 657,974 | 609,523 | 612,110 |
| Selling And Marketing Expense | 361,123 | 915,178 | 233,204 | 250,839 | 560,619 |
| Total Expenses | 17.2M | 10.7M | 2.7M | 2.9M | 11.5M |
| Total Operating Income As Reported | -17.2M | -10.5M | -2.5M | -2.9M | -11.5M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 34.5M | 52.5M | 14.3M | 32.1M | 38.2M |
| Cash Cash Equivalents And Short Term Investments | 34.5M | 52.5M | 32.4M | 34.2M | 38.2M |
| Cash Equivalents | -- | -- | -- | -- | -- |
| Cash Financial | 34.5M | 52.5M | 14.3M | 32.1M | 38.2M |
| Other Short Term Investments | 0.00 | 0.00 | 18.2M | 2.1M | -- |
| Receivables | 1.8M | 450,789 | 83,708 | 67,552 | 621,736 |
| Prepaid Assets | 815,999 | 1.0M | 327,137 | 328,093 | 405,222 |
| Current Assets | 37.1M | 54.0M | 32.8M | 34.6M | 39.3M |
| Gross PPE | 80.7M | 80.7M | 71.9M | 71.9M | 71.8M |
| Accumulated Depreciation | -435,502 | -426,333 | -417,165 | -411,879 | -400,031 |
| Net PPE | 80.3M | 80.3M | 71.5M | 71.5M | 71.4M |
| Total Non Current Assets | 80.5M | 80.5M | 71.7M | 71.7M | 71.5M |
| Total Assets | 117.5M | 134.4M | 104.5M | 106.3M | 110.8M |
| Accounts Payable | 3.2M | 4.0M | 270,315 | 118,521 | 3.8M |
| Payables | 3.2M | 4.0M | 270,315 | 118,521 | 3.8M |
| Payables And Accrued Expenses | 4.5M | 5.2M | 832,330 | 921,177 | 4.2M |
| Current Accrued Expenses | 1.3M | 1.2M | 562,015 | 802,656 | 446,128 |
| Other Current Liabilities | 3.6M | 6.5M | 3.4M | 3.5M | 3.9M |
| Current Liabilities | 8.1M | 11.8M | 4.3M | 4.4M | 8.1M |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 8.1M | 11.8M | 4.3M | 4.4M | 8.1M |
| Common Stock | 257.3M | 256.8M | 225.3M | 224.4M | 223.0M |
| Capital Stock | 257.3M | 256.8M | 225.3M | 224.4M | 223.0M |
| Retained Earnings | -160.6M | -146.7M | -137.4M | -135.0M | -132.8M |
| Gains Losses Not Affecting Retained Earnings | 12.8M | 12.5M | 12.3M | 12.5M | 12.6M |
| Common Stock Equity | 109.5M | 122.6M | 100.2M | 101.9M | 102.7M |
| Stockholders Equity | 109.5M | 122.6M | 100.2M | 101.9M | 102.7M |
| Total Equity Gross Minority Interest | 109.5M | 122.6M | 100.2M | 101.9M | 102.7M |
| Total Capitalization | 109.5M | 122.6M | 100.2M | 101.9M | 102.7M |
| Net Tangible Assets | 109.5M | 122.6M | 100.2M | 101.9M | 102.7M |
| Tangible Book Value | 109.5M | 122.6M | 100.2M | 101.9M | 102.7M |
| Working Capital | 29.0M | 42.2M | 28.6M | 30.2M | 31.2M |
| Invested Capital | 109.5M | 122.6M | 100.2M | 101.9M | 102.7M |
| Share Issued | 87.2M | 87.1M | 79.5M | 79.3M | 78.6M |
| Ordinary Shares Number | 87.2M | 87.1M | 79.5M | 79.3M | 78.6M |
| Machinery Furniture Equipment | 342,160 | 342,160 | 339,944 | 339,944 | 339,944 |
| Non Current Prepaid Assets | 208,000 | 208,000 | 159,000 | 159,000 | 159,000 |
| Other Properties | 80.4M | 80.3M | 71.6M | 71.6M | 71.4M |
| Other Receivables | -- | -- | -- | 220.00 | 115,305 |
| Taxes Receivable | 1.8M | 450,789 | 83,708 | 67,332 | 506,431 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -18.3M | -6.6M | -1.9M | -4.7M | -10.4M |
| Cash Flow From Continuing Operating Activities | -18.3M | -6.6M | -1.9M | -4.7M | -10.4M |
| Depreciation And Amortization | 9,169 | 9,168 | 9,059 | 11,848 | 11,710 |
| Depreciation Amortization Depletion | 9,169 | 9,168 | 9,059 | 11,848 | 11,710 |
| Stock Based Compensation | 529,077 | 532,195 | 600,474 | 552,023 | 554,610 |
| Deferred Tax | 19,927 | 157,759 | 128,771 | -- | 0.00 |
| Deferred Income Tax | 19,927 | 157,759 | 128,771 | -- | 0.00 |
| Change In Working Capital | -1.9M | 3.2M | -232,818 | -2.7M | 246,675 |
| Change In Receivables | -1.3M | -367,081 | -16,156 | 554,184 | -249,807 |
| Change In Payables And Accrued Expense | -770,264 | 4.3M | -217,618 | -3.3M | 240,985 |
| Change In Other Working Capital | 0.00 | -- | -- | -- | -- |
| Other Non Cash Items | -3.0M | -1.1M | -58,916 | -398,310 | -2.3M |
| Capital Expenditure | -3,432 | -231,358 | -3,764 | -152,769 | -- |
| Purchase Of PPE | -3,432 | -231,358 | -3,764 | -152,769 | 0.00 |
| Net PPE Purchase And Sale | -3,432 | -231,358 | -3,764 | -152,769 | 0.00 |
| Net Investment Purchase And Sale | 0.00 | 18.2M | -16.0M | -- | 0.00 |
| Investing Cash Flow | -3,432 | 17.9M | -16.0M | -2.3M | 0.00 |
| Cash Flow From Continuing Investing Activities | -3,432 | 17.9M | -16.0M | -2.3M | 0.00 |
| Issuance Of Capital Stock | -75,490 | -- | -- | -12,237 | 30.2M |
| Repurchase Of Capital Stock | -- | -- | -25,910 | -- | -- |
| Net Common Stock Issuance | -75,490 | 26.9M | -25,910 | -12,237 | 30.2M |
| Common Stock Payments | -- | -- | -25,910 | -- | -- |
| Financing Cash Flow | 264,197 | 26.9M | 139,652 | 773,774 | 30.4M |
| Cash Flow From Continuing Financing Activities | 264,197 | 26.9M | 139,652 | 773,774 | 30.4M |
| Changes In Cash | -18.0M | 38.2M | -17.8M | -6.2M | 19.9M |
| Beginning Cash Position | 52.5M | 14.3M | 32.1M | 38.2M | 18.3M |
| End Cash Position | 34.5M | 52.5M | 14.3M | 32.1M | 38.2M |
| Free Cash Flow | -18.3M | -6.8M | -1.9M | -4.8M | -10.4M |
| Change In Prepaid Assets | 185,372 | -674,234 | 956.00 | 77,129 | 255,497 |
| Common Stock Issuance | -75,490 | -- | -- | -12,237 | 30.2M |
| Depreciation | 9,169 | 9,168 | 9,059 | 11,848 | 11,710 |
| Gain Loss On Sale Of PPE | 0.00 | 0.00 | 5,089 | -- | 0.00 |
| Net Income From Continuing Operations | -14.0M | -9.3M | -2.3M | -2.2M | -9.0M |
| Operating Gains Losses | 0.00 | 0.00 | 5,089 | -- | -- |
| Proceeds From Stock Option Exercised | 339,687 | 15,456 | 165,562 | 786,011 | 113,596 |