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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 Q4 2025Oct 31, 2025 Q3 2025Jul 31, 2025 Q2 2025Apr 30, 2025 Q1 2025Jan 31, 2025 Q4 2024Oct 31, 2024
Total Revenue 0.00 -- 0.00 0.00 0.00
Operating Revenue 0.00 -- 0.00 0.00 0.00
Cost Of Revenue 5,110 -- 5,110 5,110 4,926
Gross Profit -5,110 -- -5,110 -5,110 -4,926
Selling General And Administration 574,199 -- 793,842 1.3M 424,490
General And Administrative Expense 398,279 -- 603,763 769,802 419,372
Other Operating Expenses 267,244 -- 307,855 -260,876 122,340
Operating Expense 841,443 -- 1.1M 1.0M 546,830
Operating Income -846,553 -- -1.1M -1.0M -551,756
EBIT -918,389 -- -1.0M -723,640 -188,646
Interest Expense 946.00 -- 59,761 1,361 3,481
Interest Expense Non Operating 946.00 -- 59,761 1,361 3,481
Interest Income 0.00 -- -- 0.00 15,427
Interest Income Non Operating 0.00 -- -- 0.00 15,427
Net Interest Income -946.00 -- -59,761 -1,361 11,946
Other Income Expense -71,836 -- 62,697 297,857 347,683
Other Non Operating Income Expenses -71,836 801,745 40,897 305,003 347,683
Special Income Charges 0.00 -- 21,800 746,403 0.00
Gain On Sale Of Security -71,836 -- -- -- --
Pretax Income -919,335 -- -1.1M -725,001 -192,127
Tax Effect Of Unusual Items 0.00 12,864 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -919,335 -- -1.1M -725,001 -192,127
Net Income From Continuing Operation Net Minority Interest -919,335 -- -1.1M -725,001 -192,127
Net Income Including Noncontrolling Interests -919,335 -- -1.1M -725,001 -192,127
Net Income Common Stockholders -919,335 -- -1.1M -725,001 -192,127
Net Income -919,335 -- -1.1M -725,001 -192,127
EBITDA -913,280 -- -1.0M -718,530 -183,720
Normalized EBITDA -913,280 -422,630 -1.1M -1.5M -183,720
Reconciled Depreciation 5,109 -- 5,110 5,110 4,926
Basic EPS -0.01 -- -0.01 -- 0.00
Diluted EPS -0.01 -- -0.01 -- 0.00
Basic Average Shares 95.1M -- 89.3M -- 72.6M
Diluted Average Shares 95.1M -- 89.3M -- 72.6M
Total Unusual Items 0.00 85,762 21,800 746,403 0.00
Total Unusual Items Excluding Goodwill 0.00 85,762 21,800 746,403 0.00
Tax Rate For Calcs 0.00 -- 0.00 0.00 0.00
Normalized Income -919,335 530,106 -1.1M -1.5M -192,127
Diluted NI Availto Com Stockholders -919,335 -- -1.1M -725,001 -192,127
Impairment Of Capital Assets 0.00 -- 0.00 -746,403 0.00
Net Income Continuous Operations -919,335 -- -1.1M -725,001 -192,127
Net Non Operating Interest Income Expense -946.00 -- -59,761 -1,361 11,946
Other Gand A 121,600 -- 134,913 144,785 139,549
Other Special Charges -- -- -21,800 0.00 --
Reconciled Cost Of Revenue 5,110 -- 5,110 5,110 4,926
Salaries And Wages 276,679 -- 468,850 625,017 279,823
Selling And Marketing Expense 175,920 -- 190,079 507,461 5,118
Total Expenses 846,553 -- 1.1M 1.0M 551,756
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 810,546 -- 3.1M 138,090 639,517
Cash Cash Equivalents And Short Term Investments 810,546 -- 3.1M 138,090 639,517
Cash Financial 810,546 -- 3.1M 138,090 639,517
Accounts Receivable -- -- -- -- --
Receivables 144,980 -- 251,678 267,790 158,446
Prepaid Assets 180,801 -- 150,921 31,958 148,304
Current Assets 1.1M -- 3.5M 437,838 1.6M
Gross PPE 9.7M -- 7.9M 7.0M 5.0M
Net PPE 9.7M -- 7.9M 7.0M 5.0M
Other Non Current Assets 8,500 -- 6,000 6,000 6,000
Total Non Current Assets 9.8M -- 7.9M 7.0M 5.0M
Total Assets 10.9M -- 11.4M 7.4M 6.7M
Current Debt And Capital Lease Obligation 21,750 -- 20,542 19,982 19,420
Accounts Payable 176,538 -- 591,493 817,619 729,530
Payables 156,618 -- 591,493 817,619 729,530
Payables And Accrued Expenses 200,118 -- 627,743 846,619 751,280
Current Accrued Expenses 43,500 -- 36,250 29,000 21,750
Other Current Liabilities -- -- 495,653 -- 305,003
Current Liabilities 221,868 -- 1.1M 866,601 1.1M
Long Term Debt 2.8M -- 3.1M -- --
Long Term Debt And Capital Lease Obligation 2.8M -- 3.1M 26,365 31,566
Long Term Capital Lease Obligation 9,816 -- 20,991 26,365 31,566
Total Non Current Liabilities Net Minority Interest 2.8M -- 3.1M 26,365 31,566
Total Liabilities Net Minority Interest 3.0M -- 4.2M 892,966 1.1M
Common Stock 16.4M -- 15.4M 13.8M 12.1M
Capital Stock 16.4M -- 15.4M 13.8M 12.1M
Additional Paid In Capital 3.5M -- 3.5M 3.3M 3.3M
Retained Earnings -11.9M -- -11.6M -10.5M -9.8M
Common Stock Equity 7.9M -- 7.2M 6.6M 5.5M
Stockholders Equity 7.9M -- 7.2M 6.6M 5.5M
Total Equity Gross Minority Interest 7.9M -- 7.2M 6.6M 5.5M
Total Capitalization 10.7M -- 10.3M 6.6M 5.5M
Net Tangible Assets 7.9M -- 7.2M 6.6M 5.5M
Tangible Book Value 7.9M -- 7.2M 6.6M 5.5M
Working Capital 914,459 -- 2.4M -428,763 570,564
Invested Capital 10.7M -- 10.3M 6.6M 5.5M
Total Debt 2.8M -- 3.1M 46,347 50,986
Net Debt 2.0M -- -- -- --
Share Issued 97.2M -- 92.9M 85.8M 77.0M
Ordinary Shares Number 97.2M -- 92.9M 85.8M 77.0M
Capital Lease Obligations 31,566 -- 41,533 46,347 50,986
Current Capital Lease Obligation 21,750 -- 20,542 19,982 19,420
Machinery Furniture Equipment 28,956 -- 39,175 -- 49,395
Other Equity Interest -20,000 -- -20,000 -20,000 -20,000
Other Properties -- -- -- 7.0M 5.0M
Restricted Cash -- -- -- -- 700,000
Taxes Receivable 144,980 -- 251,678 267,790 158,446
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 -519,704 -- -932,787 -333,224 104,563
Cash Flow From Continuing Operating Activities -519,704 -- -932,787 -333,224 104,563
Depreciation And Amortization 5,109 -- 5,110 5,110 4,926
Depreciation Amortization Depletion 5,109 -- 5,110 5,110 4,926
Stock Based Compensation 276,679 -- 468,850 625,017 279,823
Change In Working Capital 45,061 -- -299,926 58,175 356,144
Change In Receivables 55,262 -- 16,112 -109,344 125,582
Change In Payables And Accrued Expense -19,920 -- -197,075 51,173 245,782
Other Non Cash Items 946.00 -- -2,950 -303,641 -344,203
Capital Expenditure -- -- -- -190,000 -25,000
Purchase Of PPE 0.00 -- 0.00 -190,000 -25,000
Net PPE Purchase And Sale 0.00 -- 0.00 -190,000 -25,000
Sale Of Business 0.00 -- 0.00 0.00 0.00
Investing Cash Flow -422,298 -- -831,287 -1.7M -1.0M
Cash Flow From Continuing Investing Activities -422,298 -- -831,287 -1.7M -1.0M
Issuance Of Debt 0.00 -- 3.0M -- 0.00
Repayment Of Debt -6,000 -- -6,000 -6,000 -6,000
Net Issuance Payments Of Debt -6,000 -- 3.0M -6,000 -6,000
Issuance Of Capital Stock 0.00 -- 1.1M 0.00 0.00
Net Common Stock Issuance 0.00 -- 1.1M 0.00 0.00
Financing Cash Flow 346,650 -- 4.8M 813,950 154,000
Cash Flow From Continuing Financing Activities 346,650 -- 4.8M 813,950 154,000
Changes In Cash -595,352 -- 3.0M -1.2M -762,640
Beginning Cash Position 1.4M -- 138,090 1.3M 2.1M
End Cash Position 810,546 -- 3.1M 138,090 1.3M
Free Cash Flow -519,704 -- -932,787 -523,224 79,563
Income Tax Paid Supplemental Data 0.00 -- 0.00 -- --
Interest Paid Supplemental Data 0.00 -- 0.00 -- --
Asset Impairment Charge 0.00 -- -- 7,116 0.00
Change In Prepaid Assets 9,719 -- -118,963 116,346 -15,220
Common Stock Issuance 0.00 -- 1.1M 0.00 0.00
Depreciation 5,109 -- 5,110 5,110 4,926
Long Term Debt Issuance 0.00 -- 3.0M -- 0.00
Long Term Debt Payments -6,000 -- -6,000 -6,000 -6,000
Net Business Purchase And Sale 0.00 -- 0.00 0.00 0.00
Net Income From Continuing Operations -919,335 -- -1.1M -725,001 -192,127
Net Long Term Debt Issuance -6,000 -- 3.0M -6,000 -6,000
Net Other Investing Changes -422,298 -- -831,287 -1.5M -996,203
Operating Gains Losses 0.00 -- -- -- --
Proceeds From Stock Option Exercised 352,650 -- 689,500 819,950 160,000
Unrealized Gain Loss On Investment Securities 71,836 -- -- -- 0.00
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