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Q2 Metals Corp.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Nov 30, 2025 Q3 2025Aug 31, 2025 Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024 Q2 2024May 31, 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 --
Selling General And Administration 2.1M -- 825,649 2.4M 2.9M 315,706 --
General And Administrative Expense 1.6M -- 495,344 2.2M 2.7M 167,851 --
Operating Expense 2.1M -- 825,649 2.4M 2.9M 315,706 --
Operating Income -2.1M -- -825,649 -2.4M -2.9M -315,706 --
EBIT -2.1M -- -642,729 -1.9M -2.9M -315,706 --
Interest Expense -- -- 2,280 1,504 1,689 1,456 1,607
Interest Expense Non Operating -- -- 2,280 1,504 1,689 1,456 1,607
Interest Income 185,647 -- 92,063 66,744 62,160 14,779 --
Interest Income Non Operating 185,647 -- 92,063 66,744 62,160 14,779 --
Net Interest Income 185,647 -- 89,783 65,240 62,160 14,779 --
Other Income Expense 2.2M -- 90,857 413,701 304,508 331,224 --
Other Non Operating Income Expenses 2.2M -- 90,857 413,701 304,508 331,224 --
Special Income Charges -20,981 -- -- -- 0.00 -- --
Pretax Income 349,281 -- -645,009 -1.9M -2.6M 30,297 --
Tax Effect Of Unusual Items -3,147 -- 0.00 0.00 0.00 0.00 --
Net Income From Continuing And Discontinued Operation 349,281 -- -644,887 -2.2M -2.6M 50,955 --
Net Income From Continuing Operation Net Minority Interest 349,281 -- -644,887 -2.2M -2.6M 50,955 --
Net Income Including Noncontrolling Interests 349,281 -- -645,009 -2.1M -2.6M 50,875 --
Minority Interests 0.00 -- 122.00 -277.00 6.00 80.00 --
Net Income Common Stockholders 349,281 -- -644,887 -2.2M -2.6M 50,955 --
Net Income 349,281 -- -644,887 -2.2M -2.6M 50,955 --
EBITDA -2.1M -- -642,729 -1.9M -2.9M -315,706 --
Normalized EBITDA -2.0M -- -642,729 -1.9M -2.9M -315,706 --
Basic EPS 0.00 -- 0.00 -- -0.02 0.00 -0.01
Diluted EPS 0.00 -- 0.00 -- -0.02 0.00 -0.01
Basic Average Shares 191.0M -- 147.6M -- 131.6M 183.5M 89.4M
Diluted Average Shares 191.0M -- 147.6M -- 131.6M 183.5M 89.4M
Total Unusual Items -20,981 -- -- -- 0.00 -- --
Total Unusual Items Excluding Goodwill -20,981 -- -- -- 0.00 -- --
Tax Rate For Calcs 0.15 -- 0.00 0.00 0.00 0.15 --
Normalized Income 367,115 -- -644,887 -2.2M -2.6M 50,955 --
Diluted NI Availto Com Stockholders 349,281 -- -644,887 -2.2M -2.6M 50,955 --
Impairment Of Capital Assets 20,981 -- -- -- 0.00 -- --
Insurance And Claims 27,015 -- 18,805 15,303 16,352 14,401 --
Net Income Continuous Operations 349,281 -- -645,009 -2.1M -2.6M 30,297 --
Net Non Operating Interest Income Expense 185,647 -- 89,783 65,240 62,160 14,779 --
Other Gand A 238,980 162,014 306,587 220,291 275,071 -- --
Salaries And Wages 1.3M -- 169,952 2.0M 2.4M 45,000 --
Selling And Marketing Expense 489,548 -- 330,305 174,469 267,113 147,855 --
Total Expenses 2.1M -- 825,649 2.4M 2.9M 315,706 --
Line Item Q4 2025Nov 30, 2025 Q3 2025Aug 31, 2025 Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024 Q2 2024May 31, 2024
Cash And Cash Equivalents 22.4M -- 7.8M 12.4M 6.6M 6.8M --
Cash Cash Equivalents And Short Term Investments 22.4M -- 7.8M 12.4M 6.6M 6.8M --
Accounts Receivable 15,257 -- 7,214 0.00 0.00 0.00 --
Receivables 885,243 -- 605,017 268,252 120,396 465,116 --
Prepaid Assets 377,763 -- 516,916 536,396 166,301 274,680 --
Current Assets 23.6M -- 8.9M 13.2M 6.9M 7.6M --
Net PPE 62.9M -- 38.8M 35.7M 33.9M 32.7M --
Other Non Current Assets 17,437 -- 17,437 17,437 17,437 17,437 --
Total Non Current Assets 62.9M -- 38.8M 35.7M 33.9M 32.7M --
Total Assets 86.5M -- 47.8M 48.9M 40.7M 40.3M --
Accounts Payable 3.5M -- 1.2M 1.8M 402,556 1.7M --
Payables 3.5M -- 1.2M 1.8M 402,556 1.7M --
Payables And Accrued Expenses 3.5M -- 1.2M 1.8M 402,556 1.7M --
Other Current Liabilities 1.9M -- -- 90,857 518,986 823,494 --
Current Liabilities 5.4M -- 1.2M 1.9M 921,542 2.5M --
Total Non Current Liabilities Net Minority Interest 266,000 -- 266,000 266,000 0.00 0.00 --
Total Liabilities Net Minority Interest 5.7M -- 1.4M 2.1M 921,542 2.5M --
Common Stock 87.9M -- 55.5M 55.4M 48.0M 45.9M --
Capital Stock 87.9M -- 55.5M 55.4M 48.0M 45.9M --
Retained Earnings -17.8M -- -17.7M -17.1M -14.9M -12.4M --
Gains Losses Not Affecting Retained Earnings 10.6M -- 8.4M 8.3M 6.3M 4.0M --
Other Equity Adjustments 10.6M -- 8.4M 8.3M 6.3M 4.0M --
Common Stock Equity 80.7M -- 46.2M 46.6M 39.6M 37.6M --
Stockholders Equity 80.7M -- 46.2M 46.6M 39.6M 37.6M --
Total Equity Gross Minority Interest 80.9M -- 46.4M 46.8M 39.8M 37.8M --
Minority Interest 166,608 -- 166,642 166,764 166,487 166,493 --
Total Capitalization 80.7M -- 46.2M 46.6M 39.6M 37.6M --
Net Tangible Assets 80.7M -- 46.2M 46.6M 39.6M 37.6M --
Tangible Book Value 80.7M -- 46.2M 46.6M 39.6M 37.6M --
Working Capital 18.3M -- 7.8M 11.3M 5.9M 5.1M --
Invested Capital 80.7M -- 46.2M 46.6M 39.6M 37.6M --
Share Issued 194.5M -- 147.7M 147.6M 134.5M 129.2M --
Ordinary Shares Number 194.5M -- 147.7M 147.6M 134.5M 129.2M --
Non Current Deferred Liabilities 266,000 -- 266,000 266,000 -- -- --
Non Current Deferred Taxes Liabilities 266,000 -- 266,000 266,000 -- -- --
Other Equity Interest -- -- -- -- 200,000 7,625 --
Taxes Receivable 869,986 -- 597,803 268,252 120,396 465,116 --
Line Item Q4 2025Nov 30, 2025 Q3 2025Aug 31, 2025 Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024 Q2 2024May 31, 2024
Operating Cash Flow -734,313 -- -943,184 -981,397 21,421 -146,632 --
Cash Flow From Continuing Operating Activities -734,313 -- -943,184 -981,397 21,421 -146,632 --
Stock Based Compensation 1.3M -- 147,452 1.9M 2.4M 0.00 --
Change In Working Capital -290,755 -- -354,770 -599,646 495,297 133,713 --
Changes In Account Receivables -- -- -- -147,856 -- -- --
Change In Receivables -305,845 -- -336,765 -147,856 344,720 36,951 --
Change In Payables And Accrued Expense 582.00 -- -37,485 -81,695 42,198 0.00 --
Change In Payable 582.00 -- -37,485 -81,695 42,198 0.00 --
Other Non Cash Items -2.1M -- -90,857 -428,129 -304,508 -- --
Capital Expenditure -- -- -3.7M -397,153 -- -- -2.1M
Investing Cash Flow -5.4M -- -3.7M -397,153 -2.5M -3.2M --
Cash Flow From Continuing Investing Activities -5.4M -- -3.7M -397,153 -2.5M -3.2M --
Net Issuance Payments Of Debt -- -- -- 0.00 0.00 -- --
Issuance Of Capital Stock 0.00 -- -- -186,834 0.00 -- --
Net Common Stock Issuance 0.00 -- -- -186,834 0.00 -- --
Financing Cash Flow 271,919 -- 61,525 7.2M 2.2M 6.8M --
Cash Flow From Continuing Financing Activities 271,919 -- 61,525 7.2M 2.2M 6.8M --
Changes In Cash -5.8M -- -4.6M 5.8M -242,767 3.4M --
Beginning Cash Position 28.2M -- 12.4M 6.6M 6.8M 3.4M --
End Cash Position 22.4M -- 7.8M 12.4M 6.6M 6.8M --
Free Cash Flow -13.4M -- -4.6M -1.4M -7.8M 2.0M --
Capital Expenditure Reported -- -- -3.7M -397,153 -- -- -2.1M
Change In Prepaid Assets 14,508 -- 19,480 -370,095 108,379 96,762 --
Common Stock Issuance 0.00 -- -- -186,834 0.00 -- --
Net Income From Continuing Operations 349,281 -- -645,009 -2.1M -2.6M 50,879 --
Net Other Financing Charges -74,281 -- -- -- 190,825 -- --
Net Short Term Debt Issuance -- -- -- 0.00 0.00 -- --
Proceeds From Stock Option Exercised 346,200 -- 61,525 7.4M 2.0M 120,125 --
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