Northern Dynasty Minerals Ltd.
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 | 26,000 | 27,000 | 28,000 | 27,000 | 26,000 | -- |
| Gross Profit | -26,000 | -27,000 | -28,000 | -27,000 | -26,000 | -- |
| Selling General And Administration | 4.7M | 3.2M | 3.7M | 3.3M | 2.9M | -- |
| General And Administrative Expense | 4.7M | 3.2M | 3.7M | 3.3M | 2.9M | -- |
| Other Operating Expenses | 1.7M | 1.3M | 2.0M | 2.0M | 932,000 | -- |
| Operating Expense | 6.5M | 4.5M | 5.7M | 5.4M | 3.8M | -- |
| Operating Income | -6.5M | -4.5M | -5.8M | -5.4M | -3.9M | -- |
| EBIT | -7.6M | -11.7M | -40.1M | -22.3M | -4.3M | -- |
| Interest Expense | 213,000 | 237,000 | 229,000 | 230,000 | 207,000 | -- |
| Interest Expense Non Operating | 213,000 | 237,000 | 229,000 | 230,000 | 207,000 | -- |
| Interest Income | 179,000 | 107,000 | 128,000 | 200,000 | 225,000 | -- |
| Interest Income Non Operating | 179,000 | 107,000 | 128,000 | 200,000 | 225,000 | -- |
| Net Interest Income | -34,000 | -130,000 | -101,000 | -30,000 | 18,000 | -- |
| Other Income Expense | -1.3M | -7.3M | -34.5M | -17.1M | -708,000 | -- |
| Special Income Charges | 0.00 | 0.00 | -- | 0.00 | 227,000 | 86,000 |
| Gain On Sale Of Security | -1.3M | -7.3M | -34.5M | -17.1M | -935,000 | -- |
| Pretax Income | -7.8M | -11.9M | -40.4M | -22.5M | -4.6M | -- |
| Tax Provision | 132,000 | -- | -- | 0.00 | 65,000 | -- |
| Tax Effect Of Unusual Items | -194,700 | 0.00 | 0.00 | 0.00 | -106,200 | -- |
| Net Income From Continuing And Discontinued Operation | -7.9M | -11.9M | -40.4M | -22.5M | -4.6M | -- |
| Net Income From Continuing Operation Net Minority Interest | -7.9M | -11.9M | -40.4M | -22.5M | -4.6M | -- |
| Net Income Including Noncontrolling Interests | -7.9M | -11.9M | -40.4M | -22.5M | -4.6M | -- |
| Net Income Common Stockholders | -7.9M | -11.9M | -40.4M | -22.5M | -4.6M | -- |
| Net Income | -7.9M | -11.9M | -40.4M | -22.5M | -4.6M | -- |
| EBITDA | -7.6M | -11.7M | -40.1M | -22.3M | -4.3M | -- |
| Normalized EBITDA | -6.3M | -4.4M | -5.6M | -5.2M | -3.6M | -- |
| Reconciled Depreciation | 43,000 | 42,000 | 44,000 | 43,000 | 39,000 | -- |
| Basic EPS | -0.01 | -0.02 | -0.08 | -- | -0.01 | -0.01 |
| Diluted EPS | -0.01 | -0.02 | -0.08 | -- | -0.01 | -0.01 |
| Basic Average Shares | 550.0M | 539.2M | 538.2M | -- | 537.7M | 537.7M |
| Diluted Average Shares | 550.0M | 539.2M | 538.2M | -- | 537.7M | 537.7M |
| Total Unusual Items | -1.3M | -7.3M | -34.5M | -17.1M | -708,000 | -- |
| Total Unusual Items Excluding Goodwill | -1.3M | -7.3M | -34.5M | -17.1M | -708,000 | -- |
| Tax Rate For Calcs | 0.15 | 0.00 | 0.00 | 0.00 | 0.15 | -- |
| Normalized Income | -6.8M | -4.7M | -5.9M | -5.5M | -4.0M | -- |
| Diluted NI Availto Com Stockholders | -7.9M | -11.9M | -40.4M | -22.5M | -4.6M | -- |
| Insurance And Claims | 504,000 | 503,000 | 490,000 | 553,000 | 653,000 | -- |
| Net Income Continuous Operations | -7.9M | -11.9M | -40.4M | -22.5M | -4.6M | -- |
| Net Non Operating Interest Income Expense | -34,000 | -130,000 | -101,000 | -30,000 | 18,000 | -- |
| Other Gand A | 4.0M | 2.4M | 3.1M | 2.8M | 2.2M | -- |
| Other Special Charges | -- | -- | -- | 0.00 | -227,000 | -86,000 |
| Reconciled Cost Of Revenue | 26,000 | 27,000 | 28,000 | 27,000 | 26,000 | -- |
| Salaries And Wages | 241,000 | 303,000 | 135,000 | 7,000 | 8,000 | -- |
| Total Expenses | 6.5M | 4.5M | 5.8M | 5.4M | 3.9M | -- |
| Total Operating Income As Reported | -6.5M | -4.5M | -5.8M | -5.4M | -3.6M | -- |
| 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 | 44.8M | 25.2M | 11.8M | 16.1M | 21.8M | -- |
| Cash Cash Equivalents And Short Term Investments | 44.8M | 25.2M | 11.8M | 16.1M | 21.8M | -- |
| Cash Financial | 44.8M | 25.2M | 11.8M | -- | 21.8M | 11.7M |
| Receivables | 133,000 | 113,000 | 183,000 | 152,000 | 182,000 | -- |
| Prepaid Assets | 516,000 | 969,000 | 1.5M | 1.8M | 369,000 | -- |
| Current Assets | 45.5M | 26.2M | 13.5M | 18.1M | 22.4M | -- |
| Gross PPE | 81.6M | 96.1M | 118.8M | 120.4M | 113.3M | -- |
| Accumulated Depreciation | -788,000 | -745,000 | -703,000 | -2.3M | -2.2M | -- |
| Net PPE | 80.8M | 95.4M | 118.1M | 118.1M | 111.1M | -- |
| Other Non Current Assets | 983,000 | 949,000 | 992,000 | 984,000 | 924,000 | -- |
| Total Non Current Assets | 81.8M | 96.3M | 119.1M | 119.1M | 112.0M | -- |
| Total Assets | 127.3M | 122.5M | 132.6M | 137.2M | 134.4M | -- |
| Current Debt | 2.6M | 2.8M | 2.9M | 2.8M | 2.5M | -- |
| Current Debt And Capital Lease Obligation | 2.7M | 3.0M | 3.0M | 2.9M | 2.6M | -- |
| Accounts Payable | 2.4M | 1.6M | 1.9M | 917,000 | 1.1M | -- |
| Payables | 3.3M | 2.3M | 2.4M | 1.2M | 1.2M | -- |
| Payables And Accrued Expenses | 3.3M | 2.3M | 2.4M | 1.2M | 1.2M | -- |
| Other Current Liabilities | 60.4M | 76.9M | 69.8M | 35.3M | 17.6M | -- |
| Current Liabilities | 66.5M | 82.2M | 75.2M | 39.4M | 21.4M | -- |
| Long Term Debt And Capital Lease Obligation | 407,000 | 441,000 | 507,000 | 548,000 | -- | 323,000 |
| Long Term Capital Lease Obligation | 407,000 | 441,000 | 507,000 | 548,000 | -- | 323,000 |
| Total Non Current Liabilities Net Minority Interest | 407,000 | 441,000 | 507,000 | 548,000 | 522,000 | -- |
| Total Liabilities Net Minority Interest | 66.9M | 82.6M | 75.7M | 40.0M | 22.0M | -- |
| Common Stock | 736.8M | 705.1M | 703.3M | 702.8M | 702.7M | -- |
| Capital Stock | 736.8M | 705.1M | 703.3M | 702.8M | 702.7M | -- |
| Retained Earnings | -793.1M | -785.2M | -773.2M | -732.9M | -710.3M | -- |
| Gains Losses Not Affecting Retained Earnings | 116.7M | 120.0M | 126.8M | 127.3M | 120.0M | -- |
| Common Stock Equity | 60.4M | 40.0M | 56.9M | 97.2M | 112.4M | -- |
| Stockholders Equity | 60.4M | 40.0M | 56.9M | 97.2M | 112.4M | -- |
| Total Equity Gross Minority Interest | 60.4M | 40.0M | 56.9M | 97.2M | 112.4M | -- |
| Total Capitalization | 60.4M | 40.0M | 56.9M | 97.2M | 112.4M | -- |
| Net Tangible Assets | 60.4M | 40.0M | 56.9M | 97.2M | 112.4M | -- |
| Tangible Book Value | 60.4M | 40.0M | 56.9M | 97.2M | 112.4M | -- |
| Working Capital | -21.0M | -55.9M | -61.7M | -21.4M | 947,000 | -- |
| Invested Capital | 63.0M | 42.8M | 59.7M | 99.9M | 114.9M | -- |
| Total Debt | 3.1M | 3.4M | 3.5M | 3.5M | 2.6M | -- |
| Share Issued | 551.8M | 541.3M | 538.6M | 537.8M | 537.7M | -- |
| Ordinary Shares Number | 551.8M | 541.3M | 538.6M | 537.8M | 537.7M | -- |
| Accrued Interest Receivable | 64,000 | 50,000 | 101,000 | 103,000 | 125,000 | -- |
| Capital Lease Obligations | 582,000 | 605,000 | 676,000 | 724,000 | 138,000 | -- |
| Current Capital Lease Obligation | 175,000 | 164,000 | 169,000 | 176,000 | 138,000 | -- |
| Duefrom Related Parties Current | -- | -- | -- | 0.00 | 4,000 | 0.00 |
| Dueto Related Parties Current | 899,000 | 648,000 | 566,000 | 267,000 | 153,000 | -- |
| Leases | 1.2M | 1.2M | 1.2M | 1.2M | -- | -- |
| Machinery Furniture Equipment | -- | -- | -- | 1.6M | 2.8M | 2.8M |
| Other Current Borrowings | 2.6M | 2.8M | 2.9M | 2.8M | 2.5M | -- |
| Other Properties | 47,000 | 46,000 | 47,000 | 46,000 | -- | -- |
| Taxes Receivable | 69,000 | 63,000 | 82,000 | 49,000 | 53,000 | -- |
| Tradeand Other Payables Non Current | -- | -- | -- | -- | 522,000 | -- |
| 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 | -5.4M | -3.9M | -4.7M | -6.5M | -3.5M | -- |
| Cash Flow From Continuing Operating Activities | -5.4M | -3.9M | -4.7M | -6.5M | -3.5M | -- |
| Depreciation And Amortization | 43,000 | 42,000 | 44,000 | 43,000 | 39,000 | -- |
| Depreciation Amortization Depletion | 43,000 | 42,000 | 44,000 | 43,000 | 39,000 | -- |
| Stock Based Compensation | 241,000 | 303,000 | 135,000 | 7,000 | 8,000 | -- |
| Change In Working Capital | 1.3M | 559,000 | 1.1M | -1.1M | 147,000 | -- |
| Changes In Account Receivables | 430,000 | 664,000 | 217,000 | -1.5M | 662,000 | -- |
| Change In Receivables | 430,000 | 664,000 | 217,000 | -1.4M | 658,000 | -- |
| Change In Payables And Accrued Expense | 862,000 | -105,000 | 933,000 | 298,000 | -511,000 | -- |
| Change In Payable | 862,000 | -105,000 | 933,000 | 298,000 | -511,000 | -- |
| Other Non Cash Items | -179,000 | -107,000 | -128,000 | -200,000 | -225,000 | -- |
| Net PPE Purchase And Sale | 16.7M | -- | -- | 0.00 | 13.8M | 0.00 |
| Investing Cash Flow | 16.9M | 16.6M | 85,000 | 223,000 | 14.0M | -- |
| Cash Flow From Continuing Investing Activities | 16.9M | 16.6M | 85,000 | 223,000 | 14.0M | -- |
| Repayment Of Debt | -53,000 | -35,000 | -48,000 | -32,000 | -37,000 | -- |
| Net Issuance Payments Of Debt | -53,000 | -35,000 | -48,000 | -32,000 | -37,000 | -- |
| Financing Cash Flow | 7.5M | 1.2M | 281,000 | -9,000 | -37,000 | -- |
| Cash Flow From Continuing Financing Activities | 7.5M | 1.2M | 281,000 | -9,000 | -37,000 | -- |
| Effect Of Exchange Rate Changes | 668,000 | -558,000 | 3,000 | 626,000 | -348,000 | -- |
| Changes In Cash | 19.0M | 13.9M | -4.3M | -6.3M | 10.5M | -- |
| Beginning Cash Position | 25.2M | 11.8M | 16.1M | 21.8M | 11.7M | -- |
| End Cash Position | 44.8M | 25.2M | 11.8M | 16.1M | 21.8M | -- |
| Free Cash Flow | -5.4M | -3.9M | -4.7M | -6.5M | -3.5M | -- |
| Change In Account Payable | 816,000 | 100,000 | 761,000 | 177,000 | -479,000 | -- |
| Depreciation | 43,000 | 42,000 | 44,000 | 43,000 | 39,000 | -- |
| Gain Loss On Investment Securities | 1.3M | 7.1M | 34.5M | 17.7M | 736,000 | -- |
| Interest Received Cfi | 156,000 | 92,000 | 85,000 | 223,000 | 186,000 | -- |
| Long Term Debt Payments | -53,000 | -35,000 | -48,000 | -32,000 | -37,000 | -- |
| Net Foreign Currency Exchange Gain Loss | -131,000 | 136,000 | -1,000 | -426,000 | 397,000 | -- |
| Net Income From Continuing Operations | -7.9M | -11.9M | -40.4M | -22.5M | -4.6M | -- |
| Net Long Term Debt Issuance | -53,000 | -35,000 | -48,000 | -32,000 | -37,000 | -- |
| Operating Gains Losses | 1.2M | 7.3M | 34.5M | 17.3M | 1.1M | -- |
| Proceeds From Stock Option Exercised | 7.6M | 1.3M | 329,000 | -- | 0.00 | 0.00 |
| Sale Of PPE | 16.7M | -- | -- | 0.00 | 13.8M | 0.00 |