Quartz Mountain Resources Ltd.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 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 |
| Cost Of Revenue | 2,474 | 2,474 | 2,474 | 2,473 | 2,474 |
| Gross Profit | -2,474 | -2,474 | -2,474 | -2,473 | -2,474 |
| Selling General And Administration | 46,770 | 157,953 | 377,942 | 87,413 | 20,480 |
| General And Administrative Expense | 46,770 | 157,953 | 377,942 | 87,413 | 20,480 |
| Other Operating Expenses | 477,522 | 1.0M | 1.5M | 276,485 | 89,369 |
| Operating Expense | 524,292 | 1.2M | 1.9M | 363,898 | 109,849 |
| Operating Income | -526,766 | -1.2M | -1.9M | -366,371 | -112,323 |
| EBIT | -504,161 | -1.2M | -1.9M | -348,897 | -89,474 |
| Interest Expense | 320.00 | 334.00 | 428.00 | 519.00 | 617.00 |
| Interest Expense Non Operating | 320.00 | 334.00 | 428.00 | 519.00 | 617.00 |
| Interest Income | 24,581 | 32,066 | 21,652 | 17,671 | 23,290 |
| Interest Income Non Operating | 24,581 | 32,066 | 21,652 | 17,671 | 23,290 |
| Net Interest Income | 24,261 | 31,732 | 21,224 | 17,152 | 22,673 |
| Other Income Expense | -1,976 | -197.00 | 5,229 | -197.00 | -441.00 |
| Other Non Operating Income Expenses | -- | 0.00 | 5,508 | -- | -- |
| Gain On Sale Of Security | -1,976 | -197.00 | -279.00 | -197.00 | -441.00 |
| Pretax Income | -504,481 | -1.2M | -1.9M | -349,416 | -90,091 |
| Tax Provision | 722.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax Effect Of Unusual Items | -296.40 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -505,203 | -1.2M | -1.9M | -349,416 | -90,091 |
| Net Income From Continuing Operation Net Minority Interest | -505,203 | -1.2M | -1.9M | -349,416 | -90,091 |
| Net Income Including Noncontrolling Interests | -505,203 | -1.2M | -1.9M | -349,416 | -90,091 |
| Net Income Common Stockholders | -505,203 | -1.2M | -1.9M | -349,416 | -90,091 |
| Net Income | -505,203 | -1.2M | -1.9M | -349,416 | -90,091 |
| EBITDA | -501,687 | -1.2M | -1.9M | -346,424 | -87,000 |
| Normalized EBITDA | -499,711 | -1.2M | -1.9M | -346,227 | -86,559 |
| Reconciled Depreciation | 2,474 | 2,474 | 2,474 | 2,473 | 2,474 |
| Basic EPS | -0.01 | -- | -0.03 | -0.01 | 0.00 |
| Diluted EPS | -0.01 | -- | -0.03 | -0.01 | 0.00 |
| Basic Average Shares | 69.9M | -- | 63.7M | 58.9M | 58.9M |
| Diluted Average Shares | 69.9M | -- | 63.7M | 58.9M | 58.9M |
| Total Unusual Items | -1,976 | -197.00 | -279.00 | -197.00 | -441.00 |
| Total Unusual Items Excluding Goodwill | -1,976 | -197.00 | -279.00 | -197.00 | -441.00 |
| Tax Rate For Calcs | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -503,523 | -1.2M | -1.9M | -349,219 | -89,650 |
| Diluted NI Availto Com Stockholders | -505,203 | -1.2M | -1.9M | -349,416 | -90,091 |
| Insurance And Claims | 5,668 | 6,205 | 12,869 | 0.00 | 5,855 |
| Net Income Continuous Operations | -505,203 | -1.2M | -1.9M | -349,416 | -90,091 |
| Net Non Operating Interest Income Expense | 24,261 | 31,732 | 21,224 | 17,152 | 22,673 |
| Other Gand A | 27,844 | 115,701 | 47,471 | 24,320 | 14,625 |
| Reconciled Cost Of Revenue | 2,474 | 2,474 | 2,474 | 2,473 | 2,474 |
| Salaries And Wages | 13,258 | 36,047 | 317,602 | 63,093 | 0.00 |
| Total Expenses | 526,766 | 1.2M | 1.9M | 366,371 | 112,323 |
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 2.6M | 3.1M | 4.1M | 1.3M | 1.6M |
| Cash Cash Equivalents And Short Term Investments | 2.6M | 3.1M | 4.1M | 1.3M | 1.6M |
| Cash Financial | 2.6M | 3.1M | 4.1M | 1.3M | 1.6M |
| Receivables | 31,967 | 47,746 | 76,756 | 14,985 | 9,137 |
| Prepaid Assets | 45,223 | 19,393 | 36,205 | 21,474 | 17,724 |
| Current Assets | 2.7M | 3.2M | 4.3M | 1.3M | 1.6M |
| Gross PPE | 1.0M | 1.0M | 1.0M | 999,419 | 1.0M |
| Net PPE | 1.0M | 1.0M | 1.0M | 999,419 | 1.0M |
| Total Non Current Assets | 1.0M | 1.0M | 1.0M | 999,419 | 1.0M |
| Total Assets | 3.7M | 4.2M | 5.3M | 2.3M | 2.6M |
| Current Debt And Capital Lease Obligation | 6,880 | 10,169 | 13,361 | 12,968 | 12,586 |
| Accounts Payable | 46,974 | 125,561 | 310,104 | 12,423 | 14,011 |
| Payables | 67,409 | 130,020 | 320,967 | 15,079 | 28,248 |
| Payables And Accrued Expenses | 71,934 | 271,274 | 320,967 | 15,079 | 28,248 |
| Current Accrued Expenses | 4,525 | 141,254 | 0.00 | 0.00 | -- |
| Current Liabilities | 78,814 | 281,443 | 334,328 | 28,047 | 40,834 |
| Long Term Debt And Capital Lease Obligation | -- | -- | -- | 3,491 | 6,880 |
| Long Term Capital Lease Obligation | -- | 0.00 | 0.00 | 3,491 | 6,880 |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 0.00 | 11,491 | 6,880 |
| Total Liabilities Net Minority Interest | 78,814 | 281,443 | 334,328 | 39,538 | 47,714 |
| Common Stock | 37.8M | 37.6M | 37.5M | 33.3M | 33.3M |
| Capital Stock | 37.8M | 37.6M | 37.5M | 33.3M | 33.3M |
| Retained Earnings | -36.1M | -35.5M | -34.4M | -32.5M | -32.2M |
| Common Stock Equity | 3.6M | 3.9M | 5.0M | 2.3M | 2.6M |
| Stockholders Equity | 3.6M | 3.9M | 5.0M | 2.3M | 2.6M |
| Total Equity Gross Minority Interest | 3.6M | 3.9M | 5.0M | 2.3M | 2.6M |
| Total Capitalization | 3.6M | 3.9M | 5.0M | 2.3M | 2.6M |
| Net Tangible Assets | 3.6M | 3.9M | 5.0M | 2.3M | 2.6M |
| Tangible Book Value | 3.6M | 3.9M | 5.0M | 2.3M | 2.6M |
| Working Capital | 2.6M | 2.9M | 3.9M | 1.3M | 1.6M |
| Invested Capital | 3.6M | 3.9M | 5.0M | 2.3M | 2.6M |
| Total Debt | 6,880 | 10,169 | 13,361 | 16,459 | 19,466 |
| Share Issued | 70.0M | 69.6M | 68.9M | 58.9M | 58.9M |
| Ordinary Shares Number | 70.0M | 69.6M | 68.9M | 58.9M | 58.9M |
| Buildings And Improvements | 4,948 | 7,421 | 9,895 | 12,369 | 14,843 |
| Capital Lease Obligations | 6,880 | 10,169 | 13,361 | 16,459 | 19,466 |
| Current Capital Lease Obligation | 6,880 | 10,169 | 13,361 | 12,968 | 12,586 |
| Dueto Related Parties Current | 20,435 | 4,459 | 10,863 | 2,656 | 14,237 |
| Other Equity Interest | 1.9M | 1.9M | 1.8M | 1.5M | 1.4M |
| Other Properties | 1.0M | 1.0M | 996,350 | 987,050 | 987,050 |
| Restricted Cash | 19,100 | 19,100 | 19,100 | 19,100 | 19,100 |
| Taxes Receivable | 31,967 | 47,746 | 76,756 | 14,985 | 9,137 |
| Tradeand Other Payables Non Current | -- | -- | 0.00 | 8,000 | -- |
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -723,207 | -1.1M | -1.4M | -315,768 | -335,328 |
| Cash Flow From Continuing Operating Activities | -723,207 | -1.1M | -1.4M | -315,768 | -335,328 |
| Depreciation And Amortization | 2,474 | 2,474 | 2,474 | 2,473 | 2,474 |
| Depreciation Amortization Depletion | 2,474 | 2,474 | 2,474 | 2,473 | 2,474 |
| Stock Based Compensation | 13,258 | 36,047 | 317,602 | 63,093 | 0.00 |
| Change In Working Capital | -209,392 | 12,129 | 221,386 | -14,766 | -225,028 |
| Change In Receivables | -10,051 | 45,822 | -76,502 | -9,598 | 57,381 |
| Change In Payables And Accrued Expense | -199,341 | -33,693 | 297,888 | -5,168 | -282,409 |
| Change In Payable | -199,341 | -33,693 | 297,888 | -5,168 | -282,409 |
| Other Non Cash Items | -24,344 | -31,732 | -21,224 | -17,152 | -22,683 |
| Capital Expenditure | -- | -- | -- | -- | -- |
| Purchase Of PPE | -- | -- | -- | -- | -- |
| Net PPE Purchase And Sale | -- | -- | -- | -- | -- |
| Investing Cash Flow | 24,581 | -8,934 | 21,652 | 17,671 | 23,290 |
| Cash Flow From Continuing Investing Activities | 24,581 | -8,934 | 21,652 | 17,671 | 23,290 |
| Repayment Of Debt | -3,526 | -3,526 | -3,526 | -3,526 | -3,526 |
| Net Issuance Payments Of Debt | -3,526 | -3,526 | -3,526 | -3,526 | -3,526 |
| Issuance Of Capital Stock | -- | -72,958 | -- | -- | -- |
| Net Common Stock Issuance | -- | -72,958 | -- | -- | -- |
| Financing Cash Flow | 226,005 | 73,516 | 4.2M | -3,526 | -3,526 |
| Cash Flow From Continuing Financing Activities | 226,005 | 73,516 | 4.2M | -3,526 | -3,526 |
| Changes In Cash | -472,621 | -1.1M | 2.9M | -301,623 | -315,564 |
| Beginning Cash Position | 3.1M | 4.1M | 1.3M | 1.6M | 1.9M |
| End Cash Position | 2.6M | 3.1M | 4.1M | 1.3M | 1.6M |
| Free Cash Flow | -723,207 | -1.2M | -1.4M | -315,768 | -335,328 |
| Change In Account Payable | -215,317 | -27,289 | 289,681 | 6,413 | -289,683 |
| Common Stock Issuance | -- | -72,958 | -- | -- | -- |
| Depreciation | 2,474 | 2,474 | 2,474 | 2,473 | 2,474 |
| Interest Received Cfi | 24,581 | 32,066 | 21,652 | 17,671 | 23,290 |
| Long Term Debt Payments | -3,526 | -3,526 | -3,526 | -3,526 | -3,526 |
| Net Income From Continuing Operations | -505,203 | -1.2M | -1.9M | -349,416 | -90,091 |
| Net Long Term Debt Issuance | -3,526 | -3,526 | -3,526 | -3,526 | -3,526 |
| Proceeds From Stock Option Exercised | 229,531 | 150,000 | 0.00 | 0.00 | 0.00 |