Northern Shield Resources Inc.
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 |
|---|---|---|---|---|---|
| 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 | -- | -- | 729.00 | 769.00 | -- |
| Gross Profit | -- | -- | -729.00 | -769.00 | -- |
| Selling General And Administration | 168,046 | 289,164 | 159,966 | 187,765 | 99,047 |
| General And Administrative Expense | 168,046 | 289,164 | 121,698 | 163,946 | 99,047 |
| Other Operating Expenses | -- | -- | 3,209 | -3,899 | -5,367 |
| Operating Expense | 168,046 | 289,164 | 163,175 | 183,866 | 93,680 |
| Operating Income | -168,046 | -289,164 | -163,904 | -184,635 | -93,680 |
| EBIT | -168,046 | -289,164 | -163,904 | -184,635 | -93,680 |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Income Non Operating | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Income Expense | 28,138 | 44,989 | 24,956 | 2,545 | 31,902 |
| Other Non Operating Income Expenses | 32,038 | 48,889 | 24,956 | 10,345 | 35,802 |
| Special Income Charges | -3,900 | -3,900 | -- | -7,800 | -3,900 |
| Pretax Income | -139,908 | -244,175 | -138,948 | -182,090 | -61,778 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -139,908 | -244,175 | -138,948 | -182,090 | -61,778 |
| Net Income From Continuing Operation Net Minority Interest | -139,908 | -244,175 | -138,948 | -182,090 | -61,778 |
| Net Income Including Noncontrolling Interests | -139,908 | -244,175 | -138,948 | -182,090 | -61,778 |
| Net Income Common Stockholders | -139,908 | -244,175 | -138,948 | -182,090 | -61,778 |
| Net Income | -139,908 | -244,175 | -138,948 | -182,090 | -61,778 |
| EBITDA | -167,392 | -288,474 | -163,175 | -183,866 | -92,867 |
| Normalized EBITDA | -163,492 | -284,574 | -163,175 | -176,066 | -88,967 |
| Reconciled Depreciation | 654.00 | 690.00 | 729.00 | 769.00 | 813.00 |
| Basic EPS | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Basic Average Shares | 113.5M | 107.5M | 93.5M | -- | 83.4M |
| Diluted Average Shares | 113.5M | 107.5M | 93.5M | -- | 83.4M |
| Total Unusual Items | -3,900 | -3,900 | -- | -7,800 | -3,900 |
| Total Unusual Items Excluding Goodwill | -3,900 | -3,900 | -- | -7,800 | -3,900 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -136,008 | -240,275 | -138,948 | -174,290 | -57,878 |
| Diluted NI Availto Com Stockholders | -139,908 | -244,175 | -138,948 | -182,090 | -61,778 |
| Impairment Of Capital Assets | 3,900 | 3,900 | -- | 7,800 | 3,900 |
| Insurance And Claims | -- | -- | 6,912 | 7,102 | -- |
| Net Income Continuous Operations | -139,908 | -244,175 | -138,948 | -182,090 | -61,778 |
| Net Non Operating Interest Income Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Gand A | 168,046 | 122,709 | 44,471 | 80,936 | 99,047 |
| Reconciled Cost Of Revenue | -- | -- | 729.00 | 769.00 | -- |
| Salaries And Wages | 0.00 | 166,455 | 70,315 | 75,908 | 0.00 |
| Selling And Marketing Expense | -- | -- | 38,268 | 23,819 | -- |
| Total Expenses | 168,046 | 289,164 | 163,904 | 184,635 | 93,680 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 154,317 | 705,369 | 239,817 | 386,939 | 111,249 |
| Cash Cash Equivalents And Short Term Investments | 154,317 | 705,369 | 239,817 | 386,939 | 111,249 |
| Cash Financial | 154,317 | 705,369 | 239,817 | 386,939 | 111,249 |
| Accounts Receivable | 109,029 | 83,630 | 34,913 | 46,819 | 16,289 |
| Receivables | 109,029 | 83,630 | 34,913 | 46,819 | 16,289 |
| Prepaid Assets | 95,699 | 117,396 | 92,476 | 68,847 | 72,746 |
| Current Assets | 359,045 | 906,395 | 367,206 | 502,605 | 200,284 |
| Gross PPE | 3.5M | 3.1M | 2.9M | 2.9M | 2.8M |
| Accumulated Depreciation | -411,898 | -410,401 | -401,221 | -407,161 | -405,409 |
| Net PPE | 3.1M | 2.7M | 2.5M | 2.5M | 2.4M |
| Investments And Advances | 833.00 | 833.00 | 833.00 | 833.00 | 833.00 |
| Total Non Current Assets | 3.1M | 2.7M | 2.5M | 2.5M | 2.4M |
| Total Assets | 3.4M | 3.6M | 2.8M | 3.0M | 2.6M |
| Payables And Accrued Expenses | 513,723 | 616,020 | 495,321 | 449,168 | 384,741 |
| Other Current Liabilities | -- | -- | -- | 100,000 | -- |
| Current Liabilities | 533,751 | 668,086 | 592,776 | 671,579 | 437,497 |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 533,751 | 668,086 | 592,776 | 671,579 | 437,497 |
| Common Stock | 34.9M | 34.8M | 34.0M | 33.9M | 33.6M |
| Capital Stock | 34.9M | 34.8M | 34.0M | 33.9M | 33.6M |
| Retained Earnings | -36.9M | -36.7M | -36.5M | -36.4M | -36.2M |
| Common Stock Equity | 2.9M | 3.0M | 2.3M | 2.3M | 2.2M |
| Stockholders Equity | 2.9M | 3.0M | 2.3M | 2.3M | 2.2M |
| Total Equity Gross Minority Interest | 2.9M | 3.0M | 2.3M | 2.3M | 2.2M |
| Total Capitalization | 2.9M | 3.0M | 2.3M | 2.3M | 2.2M |
| Net Tangible Assets | 2.9M | 3.0M | 2.3M | 2.3M | 2.2M |
| Tangible Book Value | 2.9M | 3.0M | 2.3M | 2.3M | 2.2M |
| Working Capital | -174,706 | 238,309 | -225,570 | -168,974 | -237,213 |
| Invested Capital | 2.9M | 3.0M | 2.3M | 2.3M | 2.2M |
| Share Issued | 113.5M | 112.7M | 93.9M | 91.4M | 83.4M |
| Ordinary Shares Number | 113.5M | 112.7M | 93.9M | 91.4M | 83.4M |
| Available For Sale Securities | 833.00 | 833.00 | 833.00 | 833.00 | 833.00 |
| Current Deferred Liabilities | 20,028 | 52,066 | 97,455 | 122,411 | 52,756 |
| Investmentin Financial Assets | 833.00 | 833.00 | 833.00 | 833.00 | 833.00 |
| Machinery Furniture Equipment | 216,637 | 216,637 | 216,637 | 216,637 | 216,637 |
| Other Equity Interest | 4.9M | 4.9M | 4.7M | 4.7M | 4.7M |
| Other Properties | 3.3M | 2.9M | 2.7M | 2.7M | 2.6M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -183,758 | -275,280 | -122,941 | -131,695 | 302,425 |
| Cash Flow From Continuing Operating Activities | -183,758 | -275,280 | -122,941 | -127,795 | 302,425 |
| Depreciation And Amortization | 654.00 | 690.00 | 729.00 | 769.00 | 813.00 |
| Depreciation Amortization Depletion | 654.00 | 690.00 | 729.00 | 769.00 | 813.00 |
| Stock Based Compensation | 0.00 | -- | -- | -- | 0.00 |
| Change In Working Capital | -12,866 | -156,761 | 36,334 | 56,071 | 395,292 |
| Changes In Account Receivables | -25,399 | -- | -- | -- | 64,956 |
| Change In Receivables | -25,399 | -48,717 | 11,906 | -30,530 | 774,491 |
| Change In Payables And Accrued Expense | -9,164 | -83,124 | 48,057 | 82,702 | -386,270 |
| Other Non Cash Items | -35,538 | -45,389 | -24,956 | -14,245 | -31,902 |
| Capital Expenditure | -445,794 | -40,733 | -12,658 | -- | -225,911 |
| Investing Cash Flow | -445,794 | -40,733 | -12,658 | -40,307 | -225,911 |
| Cash Flow From Continuing Investing Activities | -445,794 | -40,733 | -12,658 | -40,307 | -225,911 |
| Repayment Of Debt | -- | -- | 0.00 | -- | -- |
| Net Issuance Payments Of Debt | -- | -- | 0.00 | -- | -- |
| Issuance Of Capital Stock | 78,500 | 681,565 | 88,477 | 347,692 | 0.00 |
| Net Common Stock Issuance | 78,500 | 681,565 | 88,477 | 347,692 | 0.00 |
| Financing Cash Flow | 78,500 | 781,565 | -11,523 | 447,692 | 0.00 |
| Cash Flow From Continuing Financing Activities | 78,500 | 781,565 | -11,523 | 447,692 | 0.00 |
| Changes In Cash | -551,052 | 465,552 | -147,122 | 275,690 | 76,514 |
| Beginning Cash Position | 705,369 | 239,817 | 386,939 | 111,249 | 76,180 |
| End Cash Position | 154,317 | 705,369 | 239,817 | 386,939 | 111,249 |
| Free Cash Flow | -629,552 | -316,013 | -135,599 | 188,442 | 76,514 |
| Amortization Cash Flow | -- | -- | 27.00 | -- | -- |
| Amortization Of Intangibles | -- | -- | 27.00 | -- | -- |
| Asset Impairment Charge | 3,900 | 3,900 | 3,900 | 7,800 | 0.00 |
| Capital Expenditure Reported | -445,794 | -40,733 | -12,658 | -- | -225,911 |
| Change In Prepaid Assets | 21,697 | -24,920 | -23,629 | 3,899 | 7,071 |
| Common Stock Issuance | 78,500 | 681,565 | 88,477 | 347,692 | 0.00 |
| Depreciation | -- | 717.00 | 702.00 | -- | -- |
| Long Term Debt Payments | -- | -- | 0.00 | -- | -- |
| Net Income From Continuing Operations | -139,908 | -244,175 | -138,948 | -182,090 | -61,778 |
| Net Long Term Debt Issuance | -- | -- | 0.00 | -- | -- |
| Net Other Financing Charges | -- | -- | -100,000 | -- | -- |
| Net Other Investing Changes | -- | -- | -- | -360,444 | 0.00 |