Sandfire Resources America Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Dec 31, 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 | 83,754 | 111,668 | 106,563 | 104,793 | 96,580 |
| Gross Profit | -83,754 | -111,668 | -106,563 | -104,793 | -96,580 |
| Selling General And Administration | 587,256 | 605,213 | 505,693 | 565,097 | 415,582 |
| General And Administrative Expense | 587,256 | 605,213 | 505,693 | 565,097 | 415,582 |
| Other Operating Expenses | 2.3M | 6.2M | 6.2M | 4.1M | 3.9M |
| Operating Expense | 2.9M | 6.8M | 6.7M | 4.6M | 4.3M |
| Operating Income | -3.0M | -6.9M | -6.8M | -4.7M | -4.4M |
| EBIT | -3.0M | -6.9M | -6.8M | -4.7M | -4.4M |
| Interest Expense | 2.3M | 1.9M | 1.7M | 1.7M | 1.6M |
| Interest Expense Non Operating | 2.3M | 1.9M | 1.7M | 1.7M | 1.6M |
| Net Interest Income | -2.3M | -1.9M | -1.7M | -1.7M | -1.6M |
| Other Income Expense | -12,712 | -11,472 | -16,728 | 30,487 | 17,853 |
| Gain On Sale Of Security | -12,712 | -11,472 | -16,728 | 30,487 | 17,853 |
| Pretax Income | -5.3M | -8.8M | -8.4M | -6.4M | -6.0M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -5.3M | -8.8M | -8.4M | -6.4M | -6.0M |
| Net Income From Continuing Operation Net Minority Interest | -5.3M | -8.8M | -8.4M | -6.4M | -6.0M |
| Net Income Including Noncontrolling Interests | -5.3M | -8.8M | -8.4M | -6.4M | -6.0M |
| Net Income Common Stockholders | -5.3M | -8.8M | -8.4M | -6.4M | -6.0M |
| Net Income | -5.3M | -8.8M | -8.4M | -6.4M | -6.0M |
| EBITDA | -2.9M | -6.8M | -6.7M | -4.6M | -4.3M |
| Normalized EBITDA | -2.9M | -6.8M | -6.7M | -4.6M | -4.3M |
| Reconciled Depreciation | 83,754 | 111,668 | 106,563 | 104,793 | 96,580 |
| Basic EPS | -0.01 | -- | -0.01 | -0.01 | -0.01 |
| Diluted EPS | -0.01 | -- | -0.01 | -0.01 | -0.01 |
| Basic Average Shares | 1.0B | -- | 1.0B | 1.0B | 1.0B |
| Diluted Average Shares | 1.0B | -- | 1.0B | 1.0B | 1.0B |
| Total Unusual Items | -12,712 | -11,472 | -16,728 | 30,487 | 17,853 |
| Total Unusual Items Excluding Goodwill | -12,712 | -11,472 | -16,728 | 30,487 | 17,853 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -5.3M | -8.8M | -8.4M | -6.4M | -6.0M |
| Diluted NI Availto Com Stockholders | -5.3M | -8.8M | -8.4M | -6.4M | -6.0M |
| Net Income Continuous Operations | -5.3M | -8.8M | -8.4M | -6.4M | -6.0M |
| Net Non Operating Interest Income Expense | -2.3M | -1.9M | -1.7M | -1.7M | -1.6M |
| Other Gand A | 354,718 | 323,088 | 296,714 | 368,882 | 299,714 |
| Reconciled Cost Of Revenue | 83,754 | 111,668 | 106,563 | 104,793 | 96,580 |
| Salaries And Wages | 232,538 | 282,125 | 208,979 | 196,215 | 115,868 |
| Total Expenses | 3.0M | 6.9M | 6.8M | 4.7M | 4.4M |
| Total Operating Income As Reported | -2.9M | -- | -6.8M | -4.7M | -4.3M |
| Line Item | Q4 2025Dec 31, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 387,299 | 825,204 | 1.8M | 506,270 | 792,306 |
| Cash Cash Equivalents And Short Term Investments | 387,299 | 825,204 | 1.8M | 506,270 | 792,306 |
| Other Current Assets | 351,895 | 412,956 | 400,783 | 271,910 | 342,415 |
| Current Assets | 739,194 | 1.2M | 2.2M | 778,180 | 1.1M |
| Gross PPE | 27.1M | 26.3M | 28.6M | 27.4M | 25.4M |
| Accumulated Depreciation | -1.9M | -1.8M | -1.7M | -1.6M | -1.4M |
| Net PPE | 25.1M | 24.5M | 26.9M | 25.8M | 24.0M |
| Other Non Current Assets | 617,781 | 603,436 | 638,155 | 637,881 | 599,737 |
| Total Non Current Assets | 26.3M | 25.7M | 28.1M | 27.1M | 25.2M |
| Total Assets | 27.1M | 27.0M | 30.3M | 27.8M | 26.3M |
| Current Debt | 71.7M | 61.8M | 63.8M | 54.9M | 45.7M |
| Current Debt And Capital Lease Obligation | 71.7M | 61.8M | 63.8M | 54.9M | 45.7M |
| Accounts Payable | 650,796 | 640,900 | 852,231 | 434,592 | 538,581 |
| Payables | 650,796 | 640,900 | 852,231 | 434,592 | 538,581 |
| Payables And Accrued Expenses | 8.8M | 8.1M | 7.4M | 5.6M | 4.9M |
| Current Accrued Expenses | 8.1M | 7.5M | 6.5M | 5.2M | 4.4M |
| Other Current Liabilities | 546,068 | 385,819 | 204,194 | 95,715 | -- |
| Current Liabilities | 81.0M | 70.3M | 71.4M | 60.6M | 50.6M |
| Long Term Capital Lease Obligation | -- | -- | -- | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 2.2M | 2.2M | 3.1M | 3.1M | 2.8M |
| Total Liabilities Net Minority Interest | 83.2M | 72.4M | 74.5M | 63.7M | 53.4M |
| Common Stock | 140.1M | 140.1M | 140.1M | 140.1M | 140.1M |
| Capital Stock | 140.1M | 140.1M | 140.1M | 140.1M | 140.1M |
| Additional Paid In Capital | 14.5M | 14.1M | 9.1M | 8.9M | 9.4M |
| Retained Earnings | -211.5M | -200.8M | -191.9M | -183.5M | -177.1M |
| Gains Losses Not Affecting Retained Earnings | 768,361 | 1.0M | -1.5M | -1.4M | 493,722 |
| Common Stock Equity | -56.2M | -45.5M | -44.2M | -35.8M | -27.1M |
| Stockholders Equity | -56.2M | -45.5M | -44.2M | -35.8M | -27.1M |
| Total Equity Gross Minority Interest | -56.2M | -45.5M | -44.2M | -35.8M | -27.1M |
| Total Capitalization | -56.2M | -45.5M | -44.2M | -35.8M | -27.1M |
| Net Tangible Assets | -56.2M | -45.5M | -44.2M | -35.8M | -27.1M |
| Tangible Book Value | -56.2M | -45.5M | -44.2M | -35.8M | -27.1M |
| Working Capital | -80.3M | -69.1M | -69.2M | -59.8M | -49.4M |
| Invested Capital | 15.5M | 16.3M | 19.6M | 19.1M | 18.6M |
| Total Debt | 71.7M | 61.8M | 63.8M | 54.9M | 45.7M |
| Net Debt | 71.3M | 61.0M | 62.1M | 54.4M | 44.9M |
| Share Issued | 1.0B | 1.0B | 1.0B | 1.0B | 1.0B |
| Ordinary Shares Number | 1.0B | 1.0B | 1.0B | 1.0B | 1.0B |
| Buildings And Improvements | 3.5M | 3.5M | 3.0M | 3.0M | 2.8M |
| Capital Lease Obligations | -- | -- | -- | -- | -- |
| Construction In Progress | 8.6M | 8.3M | 10.3M | 10.0M | 9.1M |
| Current Capital Lease Obligation | -- | -- | -- | -- | -- |
| Foreign Currency Translation Adjustments | 768,361 | 1.0M | -1.5M | -1.4M | 493,722 |
| Interest Payable | 7.4M | 5.5M | 5.0M | 4.2M | 3.3M |
| Land And Improvements | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M |
| Long Term Provisions | 2.2M | 2.2M | 3.1M | 3.1M | 2.8M |
| Machinery Furniture Equipment | 565,234 | 560,428 | 592,672 | 539,914 | 507,628 |
| Non Current Prepaid Assets | 599,770 | 594,670 | 628,884 | 628,614 | 591,024 |
| Other Current Borrowings | 71.7M | 61.8M | 63.8M | 54.9M | 45.7M |
| Other Properties | 13.0M | 12.5M | 13.3M | 12.5M | 11.6M |
| Line Item | Q4 2025Dec 31, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -2.8M | -6.5M | -5.8M | -4.3M | -4.6M |
| Cash Flow From Continuing Operating Activities | -2.8M | -6.5M | -5.8M | -4.3M | -4.6M |
| Depreciation And Amortization | 83,754 | 111,668 | 106,563 | 104,793 | 96,580 |
| Depreciation Amortization Depletion | 83,754 | 111,668 | 106,563 | 104,793 | 96,580 |
| Stock Based Compensation | 132,038 | 181,625 | 108,479 | 95,715 | 15,368 |
| Change In Working Capital | 832,535 | 911,115 | 1.6M | 799,992 | 193,443 |
| Change In Payables And Accrued Expense | 723,915 | 929,684 | 1.7M | 744,855 | 144,762 |
| Change In Payable | -107,491 | 222,005 | 1.0M | -187,386 | -404,626 |
| Change In Other Current Liabilities | 0.00 | -6,396 | 6,396 | -15,368 | -97,611 |
| Other Non Cash Items | 1.4M | 1.1M | 869,234 | 1.0M | 1.0M |
| Capital Expenditure | -59,132 | -- | -1.2M | -399,880 | -791,373 |
| Purchase Of PPE | -59,132 | 25,827 | -1.2M | -399,880 | -791,373 |
| Net PPE Purchase And Sale | -59,132 | 25,827 | -1.2M | -399,880 | -791,373 |
| Investing Cash Flow | -59,132 | 25,827 | -1.2M | -399,880 | -791,373 |
| Cash Flow From Continuing Investing Activities | -59,132 | 25,827 | -1.2M | -399,880 | -791,373 |
| Issuance Of Debt | 2.7M | 5.5M | 8.1M | 4.7M | 5.5M |
| Repayment Of Debt | -- | -- | -- | -- | -- |
| Net Issuance Payments Of Debt | 2.7M | 5.5M | 8.1M | 4.7M | 5.5M |
| Financing Cash Flow | 2.7M | 5.5M | 8.1M | 4.7M | 5.5M |
| Cash Flow From Continuing Financing Activities | 2.7M | 5.5M | 8.1M | 4.7M | 5.5M |
| Effect Of Exchange Rate Changes | 102,163 | 62,885 | 66,238 | -262,502 | 144,496 |
| Changes In Cash | -195,555 | -1.0M | 1.2M | -23,534 | 77,336 |
| Beginning Cash Position | 480,691 | 1.8M | 506,270 | 792,306 | 570,474 |
| End Cash Position | 387,299 | 825,204 | 1.8M | 506,270 | 792,306 |
| Free Cash Flow | -2.9M | -6.5M | -6.9M | -4.7M | -5.4M |
| Change In Account Payable | -107,491 | 222,005 | 1.0M | -187,386 | -404,626 |
| Change In Accrued Expense | 831,406 | 707,679 | 706,252 | 932,241 | 549,388 |
| Change In Interest Payable | 831,406 | 707,679 | 706,252 | 932,241 | 549,388 |
| Change In Prepaid Assets | 108,620 | -12,173 | -128,873 | 70,505 | 146,292 |
| Depreciation | 83,754 | 111,668 | 106,563 | 104,793 | 96,580 |
| Interest Paid Cfo | -- | -- | -- | -- | -- |
| Long Term Debt Payments | -- | -- | -- | -- | -- |
| Net Foreign Currency Exchange Gain Loss | -- | -- | -- | -- | -17,853 |
| Net Income From Continuing Operations | -5.3M | -8.8M | -8.4M | -6.4M | -6.0M |
| Net Long Term Debt Issuance | -- | -18.3M | -- | -- | -- |
| Net Short Term Debt Issuance | 2.7M | -- | -- | 4.7M | 5.5M |
| Operating Gains Losses | -- | -- | -- | -- | -17,853 |
| Short Term Debt Issuance | 2.7M | -- | -- | 4.7M | 5.5M |