Northern Graphite 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 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 6.5M | 7.0M | 4.0M | 5.0M | 6.7M | -- |
| Operating Revenue | 6.5M | 7.0M | 4.0M | 5.0M | 6.7M | -- |
| Cost Of Revenue | 8.0M | 8.6M | 4.4M | 4.3M | 7.4M | -- |
| Gross Profit | -1.5M | -1.6M | -322,000 | 747,000 | -647,000 | -- |
| Selling General And Administration | 2.4M | 1.9M | 2.5M | 2.7M | 2.4M | -- |
| General And Administrative Expense | 2.4M | 1.9M | 2.5M | 2.7M | 2.4M | -- |
| Depreciation And Amortization In Income Statement | 8,000 | 29,000 | 26,000 | 17,000 | 25,000 | -- |
| Other Operating Expenses | -277,000 | -2.5M | -600,000 | -- | -420,000 | -- |
| Operating Expense | 2.7M | -65,000 | 2.7M | 3.4M | 2.7M | -- |
| Operating Income | -4.3M | -1.6M | -3.1M | -2.7M | -3.3M | -- |
| EBIT | -6.2M | 2.3M | -2.1M | -11.7M | -2.1M | -- |
| Interest Expense | 3.8M | 3.5M | 3.2M | 3.5M | 2.9M | -- |
| Interest Expense Non Operating | 3.8M | 3.5M | 3.2M | 3.5M | 2.9M | -- |
| Interest Income | 8,000 | 10,000 | 17,000 | 70,000 | 30,000 | -- |
| Interest Income Non Operating | 8,000 | 10,000 | 17,000 | 70,000 | 30,000 | -- |
| Net Interest Income | -3.8M | -3.6M | -3.2M | -3.4M | -2.9M | -- |
| Other Income Expense | -1.9M | 3.9M | 268,000 | -9.1M | 1.2M | -- |
| Other Non Operating Income Expenses | -- | -- | -- | 0.00 | -- | -20,000 |
| Special Income Charges | -895,000 | -42,000 | -196,000 | -3.8M | -359,000 | -- |
| Gain On Sale Of Security | -1.0M | 4.0M | 464,000 | -5.2M | 1.5M | -- |
| Pretax Income | -10.0M | -1.2M | -5.3M | -15.2M | -5.0M | -- |
| Tax Provision | -685,000 | -225,000 | 30,000 | 744,000 | -272,000 | -- |
| Tax Effect Of Unusual Items | -130,577 | 720,738 | 40,200 | -1.4M | 63,202 | -- |
| Net Income From Continuing And Discontinued Operation | -9.4M | -995,000 | -5.3M | -15.9M | -4.8M | -- |
| Net Income From Continuing Operation Net Minority Interest | -9.4M | -995,000 | -5.3M | -15.9M | -4.8M | -- |
| Net Income Including Noncontrolling Interests | -9.4M | -995,000 | -5.3M | -15.9M | -4.8M | -- |
| Net Income Common Stockholders | -9.4M | -995,000 | -5.3M | -15.9M | -4.8M | -- |
| Net Income | -9.4M | -995,000 | -5.3M | -15.9M | -4.8M | -- |
| EBITDA | -3.6M | 4.7M | -1.1M | -10.6M | -395,000 | -- |
| Normalized EBITDA | -1.7M | 814,000 | -1.4M | -1.6M | -1.6M | -- |
| Reconciled Depreciation | 2.6M | 2.4M | 943,000 | 1.0M | 1.7M | -- |
| Basic EPS | -0.07 | -0.01 | -0.04 | -- | -0.04 | -0.07 |
| Diluted EPS | -0.07 | -0.01 | -0.04 | -- | -0.04 | -0.07 |
| Basic Average Shares | 134.3M | 133.9M | 131.7M | -- | 131.0M | 130.5M |
| Diluted Average Shares | 134.3M | 133.9M | 131.7M | -- | 131.0M | 130.5M |
| Total Unusual Items | -1.9M | 3.9M | 268,000 | -9.1M | 1.2M | -- |
| Total Unusual Items Excluding Goodwill | -1.9M | 3.9M | 268,000 | -9.1M | 1.2M | -- |
| Tax Rate For Calcs | 0.07 | 0.18 | 0.15 | 0.15 | 0.05 | -- |
| Normalized Income | -7.6M | -4.2M | -5.6M | -8.2M | -5.9M | -- |
| Depreciation Amortization Depletion Income Statement | 8,000 | 29,000 | 26,000 | 17,000 | 25,000 | -- |
| Depreciation Income Statement | 8,000 | 29,000 | 26,000 | 17,000 | 25,000 | -- |
| Diluted NI Availto Com Stockholders | -9.4M | -995,000 | -5.3M | -15.9M | -4.8M | -- |
| Gain On Sale Of Ppe | 220,000 | -- | -- | -- | 0.00 | -- |
| Impairment Of Capital Assets | 1.2M | 771,000 | 196,000 | 333,000 | 359,000 | -- |
| Net Income Continuous Operations | -9.4M | -995,000 | -5.3M | -15.9M | -4.8M | -- |
| Net Non Operating Interest Income Expense | -3.8M | -3.6M | -3.2M | -3.4M | -2.9M | -- |
| Other Gand A | 2.3M | 1.8M | 2.5M | -5.3M | 2.3M | -- |
| Other Special Charges | -66,000 | -729,000 | -- | -- | -- | -- |
| Reconciled Cost Of Revenue | 5.4M | 6.3M | 3.4M | 3.3M | 5.7M | -- |
| Salaries And Wages | 64,000 | 52,000 | 49,000 | 8.0M | 97,000 | -- |
| Selling And Marketing Expense | 53,000 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Total Expenses | 10.7M | 8.6M | 7.1M | 7.7M | 10.0M | -- |
| Total Operating Income As Reported | -3.0M | -1.3M | -1.2M | -794,000 | -2.0M | -- |
| Total Other Finance Cost | 14,000 | 11,000 | -- | -- | 20,000 | 23,000 |
| 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 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 585,000 | 2.1M | 323,000 | 373,000 | 309,000 | -- |
| Cash Cash Equivalents And Short Term Investments | 585,000 | 2.1M | 323,000 | 373,000 | 309,000 | -- |
| Other Short Term Investments | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Accounts Receivable | 1.5M | 1.2M | 464,000 | 846,000 | 2.1M | -- |
| Receivables | 2.0M | 1.9M | 1.2M | 1.5M | 2.8M | -- |
| Inventory | 2.1M | 5.7M | 9.1M | 8.9M | 8.3M | -- |
| Prepaid Assets | 1.7M | 1.5M | 963,000 | 1.1M | 2.2M | -- |
| Current Assets | 6.4M | 11.2M | 11.5M | 11.8M | 13.5M | -- |
| Gross PPE | 76.9M | 75.4M | 75.9M | 73.8M | 73.1M | -- |
| Accumulated Depreciation | -20.4M | -18.6M | -16.5M | -16.0M | -14.6M | -- |
| Net PPE | 56.4M | 56.7M | 59.4M | 57.8M | 58.5M | -- |
| Goodwill | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M | -- |
| Goodwill And Other Intangible Assets | 3.7M | 2.7M | 2.7M | 2.7M | 2.8M | -- |
| Other Intangible Assets | 985,000 | 14,000 | 28,000 | -- | 56,000 | 70,000 |
| Other Non Current Assets | 2.0M | 2.0M | 2.0M | 4.9M | 4.1M | -- |
| Total Non Current Assets | 63.8M | 63.2M | 65.8M | 65.4M | 67.2M | -- |
| Total Assets | 70.2M | 74.4M | 77.4M | 77.2M | 80.7M | -- |
| Current Debt | 44.7M | 41.4M | 41.8M | 39.9M | 31.7M | -- |
| Current Debt And Capital Lease Obligation | 44.9M | 41.6M | 42.2M | 40.3M | 32.1M | -- |
| Accounts Payable | 8.0M | 9.5M | 9.5M | 8.3M | 7.0M | -- |
| Payables | 8.3M | 10.1M | 9.7M | 8.5M | 7.7M | -- |
| Payables And Accrued Expenses | 8.8M | 10.6M | 10.3M | 9.0M | 8.5M | -- |
| Current Accrued Expenses | 524,000 | 496,000 | 606,000 | 493,000 | 769,000 | -- |
| Current Deferred Revenue | 808,000 | -- | -- | -- | -- | -- |
| Other Current Liabilities | 224,000 | 224,000 | 224,000 | -- | 500,000 | 500,000 |
| Current Liabilities | 54.7M | 52.4M | 52.7M | 49.3M | 41.1M | -- |
| Long Term Debt | 247,000 | 114,000 | -- | -- | -- | -- |
| Long Term Debt And Capital Lease Obligation | 1.1M | 839,000 | 760,000 | 778,000 | 826,000 | -- |
| Long Term Capital Lease Obligation | 813,000 | 725,000 | 760,000 | 778,000 | 826,000 | -- |
| Total Non Current Liabilities Net Minority Interest | 50.9M | 49.1M | 50.6M | 49.4M | 44.5M | -- |
| Total Liabilities Net Minority Interest | 105.7M | 101.5M | 103.3M | 98.6M | 85.6M | -- |
| Common Stock | 68.4M | 68.4M | 68.2M | 67.9M | 67.9M | -- |
| Capital Stock | 68.4M | 68.4M | 68.2M | 67.9M | 67.9M | -- |
| Additional Paid In Capital | 5.2M | 5.2M | 5.3M | 5.3M | 5.2M | -- |
| Retained Earnings | -108.9M | -99.5M | -98.5M | -93.2M | -77.3M | -- |
| Gains Losses Not Affecting Retained Earnings | -773,000 | -1.4M | -1.1M | -1.6M | -872,000 | -- |
| Other Equity Adjustments | -- | -- | -- | -1.6M | -- | -- |
| Common Stock Equity | -35.4M | -27.1M | -25.9M | -21.4M | -4.9M | -- |
| Stockholders Equity | -35.4M | -27.1M | -25.9M | -21.4M | -4.9M | -- |
| Total Equity Gross Minority Interest | -35.4M | -27.1M | -25.9M | -21.4M | -4.9M | -- |
| Total Capitalization | -35.2M | -27.0M | -25.9M | -21.4M | -4.9M | -- |
| Net Tangible Assets | -39.1M | -29.8M | -28.7M | -24.1M | -7.7M | -- |
| Tangible Book Value | -39.1M | -29.8M | -28.7M | -24.1M | -7.7M | -- |
| Working Capital | -48.3M | -41.2M | -41.2M | -37.4M | -27.6M | -- |
| Invested Capital | 9.5M | 14.4M | 15.9M | 18.5M | 26.8M | -- |
| Total Debt | 45.9M | 42.4M | 43.0M | 41.1M | 33.0M | -- |
| Net Debt | 44.4M | 39.4M | 41.5M | 39.5M | 31.4M | -- |
| Share Issued | 134.3M | 134.3M | 133.9M | 131.1M | 131.1M | -- |
| Ordinary Shares Number | 134.3M | 134.3M | 133.9M | 131.1M | 131.1M | -- |
| Capital Lease Obligations | 957,000 | 961,000 | 1.1M | 1.2M | 1.3M | -- |
| Construction In Progress | 22.2M | 21.3M | 21.7M | 20.1M | 20.7M | -- |
| Current Capital Lease Obligation | 144,000 | 236,000 | 361,000 | 411,000 | 465,000 | -- |
| Current Deferred Liabilities | 808,000 | -- | -- | -- | -- | -- |
| Finished Goods | 1.0M | 2.7M | 6.6M | -- | 5.6M | 6.0M |
| Foreign Currency Translation Adjustments | -773,000 | -1.4M | -1.1M | -- | -872,000 | -1.7M |
| Income Tax Payable | 326,000 | 535,000 | 224,000 | 188,000 | 735,000 | -- |
| Long Term Provisions | 6.9M | 6.8M | 6.9M | 6.8M | 6.7M | -- |
| Non Current Accounts Receivable | 1.7M | 1.7M | 1.7M | -- | 1.7M | 1.7M |
| Non Current Deferred Liabilities | 43.0M | 41.4M | 42.9M | 41.8M | 36.9M | -- |
| Non Current Deferred Revenue | 41.9M | 39.9M | 40.8M | 39.6M | 36.1M | -- |
| Non Current Deferred Taxes Liabilities | 1.1M | 1.6M | 2.2M | 2.2M | 827,000 | -- |
| Other Current Borrowings | 44.7M | 41.4M | 41.8M | 39.9M | 31.7M | -- |
| Other Equity Interest | 587,000 | 223,000 | 223,000 | 223,000 | 223,000 | -- |
| Other Properties | 10.5M | 10.4M | 10.4M | 10.3M | 10.1M | -- |
| Other Receivables | 6,000 | 4,000 | 4,000 | 3,000 | 7,000 | -- |
| Raw Materials | 1.1M | 3.0M | 2.5M | -- | 2.7M | 2.9M |
| Taxes Receivable | 464,000 | 688,000 | 733,000 | 686,000 | 709,000 | -- |
| Total Tax Payable | 326,000 | 535,000 | 224,000 | 188,000 | 735,000 | -- |
| 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 | -747,000 | 2.5M | -295,000 | 444,000 | -28,000 | -- |
| Cash Flow From Continuing Operating Activities | -747,000 | 2.5M | -295,000 | 444,000 | -28,000 | -- |
| Depreciation Amortization Depletion | 2.6M | 2.4M | 943,000 | 1.0M | 1.7M | -- |
| Stock Based Compensation | 39,000 | 81,000 | 78,000 | 132,000 | 119,000 | -- |
| Deferred Tax | -685,000 | -224,000 | 30,000 | 744,000 | -272,000 | -- |
| Deferred Income Tax | -685,000 | -224,000 | 30,000 | 744,000 | -272,000 | -- |
| Change In Working Capital | 1.0M | 1.5M | 1.2M | 3.2M | 38,000 | -- |
| Change In Receivables | -340,000 | -- | 444,000 | 1.2M | -756,000 | 1.8M |
| Change In Inventory | 1.6M | 2.3M | -782,000 | 1.7M | 1.6M | -- |
| Change In Payables And Accrued Expense | -277,000 | 227,000 | 1.5M | 261,000 | -760,000 | -- |
| Other Non Cash Items | 3.7M | 2.8M | 3.2M | 6.9M | 3.1M | -- |
| Capital Expenditure | -955,000 | -72,000 | -- | -294,000 | -35,000 | -91,000 |
| Purchase Of PPE | -955,000 | -72,000 | -- | -294,000 | -35,000 | -91,000 |
| Net PPE Purchase And Sale | -677,000 | -72,000 | 7,000 | -294,000 | -35,000 | -- |
| Sale Of Investment | 0.00 | 0.00 | -- | 400,000 | 0.00 | 400,000 |
| Net Investment Purchase And Sale | 0.00 | 0.00 | -- | 400,000 | 0.00 | 400,000 |
| Investing Cash Flow | -1.2M | -773,000 | -125,000 | -299,000 | -299,000 | -- |
| Cash Flow From Continuing Investing Activities | -1.2M | -773,000 | -125,000 | -299,000 | -299,000 | -- |
| Issuance Of Debt | -- | 114,000 | -- | -- | -- | 0.00 |
| Repayment Of Debt | -58,000 | -57,000 | 0.00 | -787,000 | -103,000 | -- |
| Net Issuance Payments Of Debt | -58,000 | 57,000 | 0.00 | -787,000 | -103,000 | -- |
| Issuance Of Capital Stock | 0.00 | 0.00 | 500,000 | 0.00 | 0.00 | -- |
| Net Common Stock Issuance | 0.00 | 0.00 | 500,000 | 0.00 | 0.00 | -- |
| Financing Cash Flow | 439,000 | 57,000 | 386,000 | -129,000 | -103,000 | -- |
| Cash Flow From Continuing Financing Activities | 439,000 | 57,000 | 386,000 | -129,000 | -103,000 | -- |
| Effect Of Exchange Rate Changes | -49,000 | 40,000 | -16,000 | 48,000 | 2,000 | -- |
| Changes In Cash | -1.5M | 1.8M | -34,000 | 16,000 | -430,000 | -- |
| Beginning Cash Position | 2.1M | 323,000 | 373,000 | 309,000 | 737,000 | -- |
| End Cash Position | 585,000 | 2.1M | 323,000 | 373,000 | 309,000 | -- |
| Free Cash Flow | -1.7M | 2.4M | -295,000 | 150,000 | -63,000 | -- |
| Asset Impairment Charge | 1.2M | 771,000 | 196,000 | 333,000 | 359,000 | -- |
| Change In Prepaid Assets | -- | -1.1M | -- | -- | -- | 1.8M |
| Common Stock Issuance | 0.00 | 0.00 | 500,000 | 0.00 | 0.00 | -- |
| Gain Loss On Investment Securities | -- | -- | -- | 0.00 | -- | -- |
| Gain Loss On Sale Of PPE | -- | -- | -- | -- | 0.00 | 0.00 |
| Long Term Debt Issuance | -- | 114,000 | -- | -- | -- | 0.00 |
| Long Term Debt Payments | -58,000 | -57,000 | 0.00 | -787,000 | -103,000 | -- |
| Net Foreign Currency Exchange Gain Loss | 966,000 | -3.8M | -534,000 | 4.0M | -343,000 | -- |
| Net Income From Continuing Operations | -9.4M | -995,000 | -5.3M | -15.9M | -4.8M | -- |
| Net Long Term Debt Issuance | -58,000 | 57,000 | 0.00 | -787,000 | -103,000 | -- |
| Net Other Financing Charges | 497,000 | -- | -114,000 | -- | -- | -- |
| Net Other Investing Changes | -504,000 | -701,000 | -132,000 | -405,000 | -264,000 | -- |
| Operating Gains Losses | 746,000 | -3.8M | -534,000 | 4.0M | -343,000 | -- |
| Proceeds From Stock Option Exercised | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Provisionand Write Offof Assets | -- | -- | 12,000 | -- | -- | -- |
| Sale Of PPE | 278,000 | -- | 7,000 | -- | 0.00 | -- |