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First Atlantic Nickel Corp.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Jan 31, 2025 FY 2024Jan 31, 2024 FY 2023Jan 31, 2023 FY 2022Jan 31, 2022
Total Revenue 0.00 0.00 0.00 0.00
Operating Revenue 0.00 0.00 0.00 0.00
Cost Of Revenue 20,532 20,991 19,242 0.00
Gross Profit -20,532 -20,991 -19,242 0.00
Selling General And Administration 2.3M 547,375 534,585 412,140
General And Administrative Expense 1.8M 470,085 317,678 215,495
Other Operating Expenses 292,160 186,201 132,353 80,884
Operating Expense 2.6M 733,576 666,938 493,024
Operating Income -2.6M -754,567 -686,180 -493,024
EBIT -1.8M -916,758 -2.4M -335,499
Interest Expense 5,227 2,652 5,571 0.00
Interest Expense Non Operating 5,227 2,652 5,571 0.00
Interest Income 15,486 0.00 0.00 16.00
Interest Income Non Operating 15,486 0.00 0.00 16.00
Net Interest Income 10,259 -2,652 -5,571 16.00
Other Income Expense 762,611 -162,191 -1.7M 157,509
Other Non Operating Income Expenses 753,549 15,468 -- 159,583
Special Income Charges 762,611 -162,191 -1.7M -2,074
Pretax Income -1.8M -919,410 -2.4M -335,499
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -1.8M -919,410 -2.4M -335,499
Net Income From Continuing Operation Net Minority Interest -1.8M -919,410 -2.4M -335,499
Net Income Including Noncontrolling Interests -1.8M -919,410 -2.4M -335,499
Net Income Common Stockholders -1.8M -919,410 -2.4M -335,499
Net Income -1.8M -919,410 -2.4M -335,499
EBITDA -1.8M -895,767 -2.4M -335,499
Normalized EBITDA -2.6M -733,576 -666,938 -333,425
Reconciled Depreciation 20,532 20,991 19,242 0.00
Basic EPS -0.03 -0.03 -0.36 -0.06
Diluted EPS -0.03 -0.03 -0.36 -0.06
Basic Average Shares 67.8M 28.5M 6.8M 5.5M
Diluted Average Shares 67.8M 28.5M 6.8M 5.5M
Total Unusual Items 762,611 -162,191 -1.7M -2,074
Total Unusual Items Excluding Goodwill 762,611 -162,191 -1.7M -2,074
Tax Rate For Calcs 0.00 0.00 0.00 0.00
Normalized Income -2.6M -757,219 -691,751 -333,425
Diluted NI Availto Com Stockholders -1.8M -919,410 -2.4M -335,499
Gain On Sale Of Business -- -- 0.00 -2,074
Impairment Of Capital Assets -733,251 162,191 1.7M 0.00
Net Income Continuous Operations -1.8M -919,410 -2.4M -335,499
Net Non Operating Interest Income Expense 10,259 -2,652 -5,571 16.00
Other Gand A 526,069 251,739 246,526 186,730
Other Special Charges -29,360 -- -- --
Reconciled Cost Of Revenue 20,532 20,991 19,242 0.00
Salaries And Wages 1.2M 218,346 71,152 28,765
Selling And Marketing Expense 545,611 77,290 216,907 196,645
Total Expenses 2.6M 754,567 686,180 493,024
Line Item FY 2025Jan 31, 2025 FY 2024Jan 31, 2024 FY 2023Jan 31, 2023 FY 2022Jan 31, 2022
Cash And Cash Equivalents 138,090 889,581 813,304 268,108
Cash Cash Equivalents And Short Term Investments 138,090 889,581 813,304 268,108
Cash Financial 138,090 889,581 813,304 268,108
Accounts Receivable -- 231,899 133,773 83,430
Receivables 267,790 231,899 133,773 83,430
Prepaid Assets 31,958 7,000 8,667 124,583
Current Assets 437,838 1.1M 955,744 476,121
Gross PPE 7.0M 1.7M 488,989 1.9M
Net PPE 7.0M 1.7M 488,989 1.9M
Other Non Current Assets 6,000 6,000 6,000 --
Total Non Current Assets 7.0M 1.8M 494,989 1.9M
Total Assets 7.4M 2.9M 1.5M 2.4M
Current Debt And Capital Lease Obligation 19,982 13,615 23,243 --
Accounts Payable 817,619 403,064 543,512 423,703
Payables 817,619 403,064 543,512 423,703
Payables And Accrued Expenses 846,619 482,406 590,762 423,703
Current Accrued Expenses 29,000 79,342 47,250 0.00
Other Current Liabilities -- 8,907 -- --
Current Liabilities 866,601 504,928 614,005 423,703
Long Term Debt And Capital Lease Obligation 26,365 -- 11,720 --
Long Term Capital Lease Obligation 26,365 0.00 11,720 0.00
Total Non Current Liabilities Net Minority Interest 26,365 0.00 11,720 0.00
Total Liabilities Net Minority Interest 892,966 504,928 625,725 423,703
Common Stock 13.8M 8.1M 6.2M 5.7M
Capital Stock 13.8M 8.1M 6.2M 5.7M
Additional Paid In Capital 3.3M 2.9M 1.6M 1.6M
Retained Earnings -10.5M -8.7M -7.8M -5.3M
Common Stock Equity 6.6M 2.4M 825,008 1.9M
Stockholders Equity 6.6M 2.4M 825,008 1.9M
Total Equity Gross Minority Interest 6.6M 2.4M 825,008 1.9M
Total Capitalization 6.6M 2.4M 825,008 1.9M
Net Tangible Assets 6.6M 2.4M 825,008 1.9M
Tangible Book Value 6.6M 2.4M 825,008 1.9M
Working Capital -428,763 623,552 341,739 52,418
Invested Capital 6.6M 2.4M 825,008 1.9M
Total Debt 46,347 13,615 34,963 0.00
Share Issued 85.8M 41.9M 7.1M 6.3M
Ordinary Shares Number 85.8M 41.9M 7.1M 6.3M
Capital Lease Obligations 46,347 13,615 34,963 0.00
Current Capital Lease Obligation 19,982 13,615 23,243 0.00
Other Equity Interest -20,000 -20,000 788,800 -20,000
Other Properties 7.0M 1.7M 488,989 1.9M
Taxes Receivable 267,790 231,899 -- --
Line Item FY 2025Jan 31, 2025 FY 2024Jan 31, 2024 FY 2023Jan 31, 2023 FY 2022Jan 31, 2022
Operating Cash Flow -1.1M -757,679 -364,240 -642,001
Cash Flow From Continuing Operating Activities -1.1M -757,679 -364,240 -642,001
Depreciation And Amortization 20,532 20,991 19,242 0.00
Depreciation Amortization Depletion 20,532 20,991 19,242 0.00
Stock Based Compensation 1.2M 218,346 71,152 28,765
Change In Working Capital 287,491 -242,449 232,632 -177,758
Change In Receivables -35,891 -98,126 -50,343 -72,664
Change In Payables And Accrued Expense 348,340 -145,990 167,059 16,972
Other Non Cash Items -777,682 -12,816 4,485 -159,583
Capital Expenditure -235,000 -150,000 -35,000 -52,000
Purchase Of PPE -235,000 -150,000 -35,000 -52,000
Net PPE Purchase And Sale -235,000 -150,000 -35,000 -52,000
Purchase Of Business -- -- 0.00 -1,775
Sale Of Business 18,193 0.00 -- --
Investing Cash Flow -3.1M -1.2M -275,849 -1.2M
Cash Flow From Continuing Investing Activities -3.1M -1.2M -275,849 -1.2M
Repayment Of Debt -24,000 -24,000 -22,000 -31,500
Net Issuance Payments Of Debt -24,000 -24,000 -22,000 -31,500
Issuance Of Capital Stock 2.1M 2.1M 1.1M 611,762
Net Common Stock Issuance 2.1M 2.1M 1.1M 611,762
Financing Cash Flow 3.4M 2.0M 1.2M 816,697
Cash Flow From Continuing Financing Activities 3.4M 2.0M 1.2M 816,697
Changes In Cash -751,491 76,277 545,196 -1.0M
Beginning Cash Position 889,581 813,304 268,108 1.3M
End Cash Position 138,090 889,581 813,304 268,108
Free Cash Flow -1.3M -907,679 -399,240 -694,001
Asset Impairment Charge 20,298 177,659 1.7M 0.00
Change In Prepaid Assets -24,958 1,667 115,916 -122,066
Common Stock Issuance 2.1M 2.1M 1.1M 611,762
Depreciation 20,532 20,991 19,242 0.00
Gain Loss On Sale Of Business -- -- 0.00 2,074
Long Term Debt Payments -24,000 -24,000 -22,000 -31,500
Net Business Purchase And Sale 18,193 0.00 0.00 -1,775
Net Income From Continuing Operations -1.8M -919,410 -2.4M -335,499
Net Long Term Debt Issuance -24,000 -24,000 -22,000 -31,500
Net Other Investing Changes -2.9M -1.1M -240,849 -1.1M
Operating Gains Losses -- -- -- 2,074
Proceeds From Stock Option Exercised 1.3M 0.00 143,485 236,435
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