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K92 Mining Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 595.2M 350.6M 200.3M 188.2M 154.3M
Operating Revenue 550.9M 353.0M 210.3M 211.5M 170.8M
Cost Of Revenue 156.9M 142.2M 111.5M 96.4M 83.4M
Gross Profit 438.3M 208.4M 88.7M 91.8M 70.9M
Selling General And Administration 19.7M 15.1M 12.2M 9.9M 11.2M
General And Administrative Expense 19.7M 15.1M 12.2M 9.9M 11.2M
Depreciation And Amortization In Income Statement -- -- 158,000 111,000 103,000
Other Operating Expenses 18.5M 17.1M 20.3M 16.3M 12.2M
Operating Expense 38.2M 32.3M 32.5M 26.2M 23.4M
Operating Income 400.1M 176.1M 56.2M 65.6M 47.6M
EBIT 388.7M 165.1M 54.6M 63.0M 48.2M
Interest Expense 622,000 362,000 3.3M 3.2M 1.6M
Interest Expense Non Operating 622,000 362,000 3.3M 3.2M 1.6M
Interest Income 5.2M 2.5M 2.9M 1.2M 166,000
Interest Income Non Operating 5.2M 2.5M 2.9M 1.2M 166,000
Net Interest Income 4.6M 2.1M -390,000 -2.0M -1.5M
Other Income Expense -16.6M -13.5M -4.5M -3.8M 499,000
Special Income Charges -9.4M -2.3M -2.8M 0.00 --
Gain On Sale Of Security -7.2M -11.2M -1.7M -3.8M 499,000
Pretax Income 388.1M 164.8M 51.3M 59.8M 46.6M
Tax Provision 117.9M 53.5M 18.1M 24.2M 19.4M
Tax Effect Of Unusual Items -5.1M -4.4M -1.6M -992,835 132,235
Net Income From Continuing And Discontinued Operation 270.2M 111.2M 33.2M 35.5M 27.2M
Net Income From Continuing Operation Net Minority Interest 270.2M 111.2M 33.2M 35.5M 27.2M
Net Income Including Noncontrolling Interests 270.2M 111.2M 33.2M 35.5M 27.2M
Net Income Common Stockholders 270.2M 111.2M 33.2M 35.5M 27.2M
Net Income 270.2M 111.2M 33.2M 35.5M 27.2M
EBITDA 416.7M 198.4M 86.5M 83.3M 62.2M
Normalized EBITDA 433.3M 211.9M 90.9M 87.1M 61.7M
Reconciled Depreciation 28.0M 33.3M 31.9M 20.3M 14.0M
Basic EPS 1.12 0.47 0.14 0.16 0.12
Diluted EPS 1.11 0.46 0.14 0.15 0.12
Basic Average Shares 241.5M 236.7M 234.2M 229.0M 221.5M
Diluted Average Shares 244.2M 240.5M 238.4M 233.3M 226.8M
Total Unusual Items -16.6M -13.5M -4.5M -3.8M 499,000
Total Unusual Items Excluding Goodwill -16.6M -13.5M -4.5M -3.8M 499,000
Tax Rate For Calcs 0.30 0.32 0.35 0.26 0.27
Normalized Income 281.8M 120.3M 36.1M 38.3M 26.9M
Depreciation Amortization Depletion Income Statement -- -- 158,000 111,000 103,000
Depreciation Income Statement -- -- 158,000 111,000 103,000
Diluted NI Availto Com Stockholders 270.2M 111.2M 33.2M 35.5M 27.2M
Gain On Sale Of Ppe -- -2.3M -2.8M 0.00 --
Impairment Of Capital Assets 9.4M 2.3M -- -- --
Net Income Continuous Operations 270.2M 111.2M 33.2M 35.5M 27.2M
Net Non Operating Interest Income Expense 4.6M 2.1M -390,000 -2.0M -1.5M
Other Gand A 15.0M 11.2M 7.5M 6.7M 6.0M
Reconciled Cost Of Revenue 156.9M 142.2M 111.5M 96.4M 83.4M
Salaries And Wages 4.8M 4.0M 4.7M 3.2M 5.2M
Total Expenses 195.1M 174.5M 144.1M 122.6M 106.8M
Total Operating Income As Reported 384.0M 163.2M 52.3M 63.4M 47.5M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 230.9M 140.1M 72.7M 109.9M 71.3M
Cash Cash Equivalents And Short Term Investments 230.9M 141.3M 79.1M 109.9M 71.3M
Other Short Term Investments 0.00 1.2M 6.5M 0.00 --
Accounts Receivable 61.1M 20.2M 15.0M 15.5M 16.7M
Receivables 67.8M 24.5M 27.8M 29.3M 23.2M
Inventory 67.9M 38.9M 36.0M 28.5M 25.4M
Prepaid Assets 8.7M 3.6M 3.9M 5.6M 1.5M
Other Current Assets 2.2M 965,000 597,000 -- --
Current Assets 377.4M 209.3M 147.5M 173.3M 121.5M
Gross PPE 707.4M 504.5M 346.7M 252.8M 180.0M
Accumulated Depreciation -130.3M -108.5M -81.4M -58.0M -38.2M
Net PPE 577.0M 396.0M 265.3M 194.8M 141.7M
Other Non Current Assets -- 20.5M -- -- --
Total Non Current Assets 580.4M 419.0M 265.3M 197.4M 151.5M
Total Assets 957.8M 628.3M 412.8M 370.7M 273.0M
Current Debt And Capital Lease Obligation 21.5M 28.4M 4.2M 5.3M 4.8M
Accounts Payable 18.5M 9.0M 13.7M 11.5M 9.8M
Payables 54.0M 35.5M 21.9M 22.6M 14.2M
Payables And Accrued Expenses 77.7M 53.0M 33.8M 32.5M 21.8M
Current Accrued Expenses 23.6M 17.5M 11.8M 9.9M 7.5M
Current Deferred Revenue 6.0M 0.00 -- -- --
Other Current Liabilities -- 1.4M 1.2M 1.7M 425,000
Current Liabilities 115.1M 92.3M 47.9M 48.2M 33.0M
Long Term Debt 29.6M 32.8M -- -- --
Long Term Debt And Capital Lease Obligation 33.1M 37.6M 604,000 4.8M 9.3M
Long Term Capital Lease Obligation 3.5M 4.8M 604,000 4.8M 9.3M
Total Non Current Liabilities Net Minority Interest 75.1M 61.2M 14.1M 13.3M 14.9M
Total Liabilities Net Minority Interest 190.3M 153.5M 61.9M 61.4M 47.9M
Common Stock 191.8M 160.3M 146.2M 142.1M 92.0M
Capital Stock 191.8M 160.3M 146.2M 142.1M 92.0M
Additional Paid In Capital 20.6M 29.5M 31.0M 26.6M 28.0M
Retained Earnings 555.4M 285.2M 174.0M 140.9M 105.3M
Gains Losses Not Affecting Retained Earnings -257,000 -257,000 -257,000 -257,000 -257,000
Other Equity Adjustments -257,000 -257,000 -257,000 -257,000 -257,000
Common Stock Equity 767.6M 474.7M 350.9M 309.3M 225.1M
Stockholders Equity 767.6M 474.7M 350.9M 309.3M 225.1M
Total Equity Gross Minority Interest 767.6M 474.7M 350.9M 309.3M 225.1M
Total Capitalization 797.1M 507.5M 350.9M 309.3M 225.1M
Net Tangible Assets 767.6M 474.7M 350.9M 309.3M 225.1M
Tangible Book Value 767.6M 474.7M 350.9M 309.3M 225.1M
Working Capital 262.3M 117.0M 99.6M 125.2M 88.5M
Invested Capital 797.1M 507.5M 350.9M 309.3M 225.1M
Total Debt 54.5M 65.9M 4.8M 10.1M 14.1M
Share Issued 243.9M 238.5M 234.9M 233.4M 224.2M
Ordinary Shares Number 243.9M 238.5M 234.9M 233.4M 224.2M
Capital Lease Obligations 5.2M 6.7M 4.8M 10.1M 14.1M
Construction In Progress 65.5M 80.5M 82.8M 41.4M 18.4M
Current Capital Lease Obligation 1.7M 2.0M 4.2M 5.3M 4.8M
Current Deferred Liabilities 6.0M 0.00 -- -- --
Hedging Assets Current -- -- -- 0.00 118,000
Income Tax Payable 13.5M 11.9M 0.00 4.1M 644,000
Long Term Provisions 8.4M 6.9M 8.9M 8.5M 5.6M
Machinery Furniture Equipment 201.8M 162.2M 126.6M 97.9M 70.8M
Non Current Deferred Assets -- -- 0.00 2.6M 9.8M
Non Current Deferred Liabilities 33.7M 16.8M 4.6M 0.00 --
Non Current Deferred Taxes Assets -- -- 0.00 2.6M 9.8M
Non Current Deferred Taxes Liabilities 33.7M 16.8M 4.6M 0.00 --
Non Current Prepaid Assets 3.4M 2.4M 0.00 -- --
Other Inventories 20.4M 3.6M 5.1M 3.0M 4.0M
Other Payable 22.1M 14.6M 8.2M 6.9M 3.8M
Other Properties 198.1M 121.7M 17.1M 16.8M 15.9M
Other Receivables 1.3M 642,000 362,000 321,000 333,000
Pensionand Other Post Retirement Benefit Plans Current 10.0M 9.5M 8.7M 8.6M 6.0M
Raw Materials 47.5M 35.3M 31.0M 25.5M 21.4M
Taxes Receivable 5.4M 3.7M 12.5M 13.5M 6.2M
Total Tax Payable 13.5M 11.9M 0.00 4.1M 644,000
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 280.9M 185.1M 74.4M 73.1M 61.2M
Cash Flow From Continuing Operating Activities 280.9M 185.1M 74.4M 73.1M 61.2M
Depreciation Amortization Depletion 28.0M 33.3M 31.9M 20.3M 14.0M
Stock Based Compensation 7.5M 6.3M 6.7M 4.4M 11.1M
Deferred Tax 16.9M 12.2M 7.3M 7.2M 6.6M
Deferred Income Tax 16.9M 12.2M 7.3M 7.2M 6.6M
Change In Working Capital -48.4M 14.7M -7.6M 601,000 1.4M
Change In Receivables -43.2M 3.2M 213,000 -7.3M 2.3M
Change In Inventory -25.9M -3.6M -6.5M -2.5M -4.3M
Change In Payables And Accrued Expense 20.8M 16.6M -2.5M 14.6M 3.5M
Change In Payable 20.8M 16.6M -2.5M 14.6M 3.5M
Change In Other Working Capital 6.0M -- -- -- --
Other Non Cash Items -10.7M -8.2M -944,000 1.4M 807,000
Capital Expenditure -215.9M -159.8M -102.3M -71.7M -39.8M
Purchase Of PPE -215.9M -159.8M -102.3M -71.7M -39.8M
Net PPE Purchase And Sale -215.9M -159.8M -102.3M -71.7M -39.8M
Purchase Of Investment 0.00 -21.2M -6.4M 0.00 --
Sale Of Investment 22.2M 6.6M 0.00 -- --
Net Investment Purchase And Sale 22.2M -14.6M -6.4M 0.00 --
Investing Cash Flow -193.7M -174.5M -108.7M -71.7M -39.8M
Cash Flow From Continuing Investing Activities -193.7M -174.5M -108.7M -71.7M -39.8M
Issuance Of Debt 20.0M 60.0M 0.00 -- --
Repayment Of Debt -31.9M -4.5M -5.3M -4.9M -7.0M
Net Issuance Payments Of Debt -11.9M 55.5M -5.3M -4.9M -7.0M
Issuance Of Capital Stock -- -- 0.00 38.3M 0.00
Net Common Stock Issuance -- -- 0.00 38.3M 0.00
Financing Cash Flow 3.0M 60.6M -3.5M 39.4M -1.7M
Cash Flow From Continuing Financing Activities 3.0M 60.6M -3.5M 39.4M -1.7M
Effect Of Exchange Rate Changes 630,000 -3.8M 445,000 -2.1M 83,000
Changes In Cash 90.2M 71.3M -37.7M 40.8M 19.7M
Beginning Cash Position 140.1M 72.7M 109.9M 71.3M 51.5M
End Cash Position 230.9M 140.1M 72.7M 109.9M 71.3M
Free Cash Flow 65.0M 25.3M -27.8M 1.4M 21.4M
Income Tax Paid Supplemental Data 90.2M 11.9M 6.5M 13.6M 11.6M
Interest Paid Supplemental Data 10.9M 3.6M 3.5M 2.4M 1.5M
Asset Impairment Charge 9.4M 2.3M 2.8M -- 216,000
Change In Account Payable 19.2M 4.7M 1.6M 11.2M 2.3M
Change In Income Tax Payable 1.6M 11.9M -4.1M 3.5M 1.2M
Change In Prepaid Assets -6.1M -1.5M 1.1M -4.2M -54,000
Change In Tax Payable 1.6M 11.9M -4.1M 3.5M 1.2M
Common Stock Issuance -- -- 0.00 38.3M 0.00
Gain Loss On Investment Securities 8.7M 9.6M 2.1M 1.5M 27,000
Gain Loss On Sale Of PPE -- -- -- 71,000 216,000
Long Term Debt Issuance 20.0M 60.0M 0.00 -- --
Long Term Debt Payments -31.9M -4.5M -5.3M -4.9M -7.0M
Net Foreign Currency Exchange Gain Loss -715,000 3.7M -887,000 2.2M -126,000
Net Income From Continuing Operations 270.2M 111.2M 33.2M 35.5M 27.2M
Net Long Term Debt Issuance -11.9M 55.5M -5.3M -4.9M -7.0M
Net Other Financing Charges -200,000 -1.1M -- -2.3M --
Net Other Investing Changes -- -20.0M -- -- --
Net Short Term Debt Issuance -- -- -- -- -5.0M
Operating Gains Losses 8.0M 13.3M 1.2M 3.7M 117,000
Proceeds From Stock Option Exercised 15.1M 6.2M 1.8M 8.3M 5.3M
Short Term Debt Payments -- -- -- -- -5.0M
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