South Star Battery Metals Corp.
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 | 22,739 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | 22,739 | 0.00 | 0.00 | 0.00 |
| Cost Of Revenue | 3,896 | 26,455 | 3,546 | 2,476 | 3,395 |
| Gross Profit | -3,896 | -3,716 | -3,546 | -2,476 | -3,395 |
| Selling General And Administration | 548,243 | 393,763 | 888,647 | 711,252 | 790,330 |
| General And Administrative Expense | 548,243 | 393,763 | 888,647 | 711,252 | 790,330 |
| Research And Development | 11,274 | 18,103 | 17,525 | 32,269 | 52,355 |
| Depreciation And Amortization In Income Statement | 3,896 | 3,716 | 3,546 | 2,476 | 3,395 |
| Other Operating Expenses | 767,132 | 917,434 | 882,233 | 926,206 | 617,579 |
| Operating Expense | 1.3M | 1.3M | 1.8M | 1.6M | 1.4M |
| Operating Income | -1.3M | -1.3M | -1.8M | -1.6M | -1.4M |
| EBIT | -1.0M | -92,709 | -690,566 | -1.3M | -1.7M |
| Interest Expense | 11,595 | 190,215 | 0.00 | -6.46 | 68.00 |
| Interest Expense Non Operating | 11,595 | 190,215 | 0.00 | -6.46 | 68.00 |
| Interest Income | 579.00 | 3,927 | 12,262 | 12,593 | 34,430 |
| Interest Income Non Operating | 579.00 | 3,927 | 12,262 | 12,593 | 34,430 |
| Net Interest Income | -140,016 | -186,288 | -93,738 | 290,787 | -268,564 |
| Other Income Expense | 398,045 | 1.2M | 1.2M | 71,965 | -6,702 |
| Other Non Operating Income Expenses | -- | -- | 122,828 | -- | -- |
| Special Income Charges | -- | -- | 122,828 | 0.00 | 0.00 |
| Gain On Sale Of Security | 398,045 | 1.2M | 1.1M | 71,965 | -6,702 |
| Pretax Income | -1.1M | -282,924 | -690,566 | -1.3M | -1.7M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -1.1M | -282,924 | -690,566 | -1.3M | -1.7M |
| Net Income From Continuing Operation Net Minority Interest | -1.1M | -282,924 | -690,566 | -1.3M | -1.7M |
| Net Income Including Noncontrolling Interests | -1.1M | -282,924 | -690,566 | -1.3M | -1.7M |
| Net Income Common Stockholders | -1.1M | -282,924 | -690,566 | -1.3M | -1.7M |
| Net Income | -1.1M | -282,924 | -690,566 | -1.3M | -1.7M |
| EBITDA | -1.0M | -88,993 | -687,020 | -1.3M | -1.7M |
| Normalized EBITDA | -1.4M | -1.3M | -1.7M | -1.3M | -1.7M |
| Reconciled Depreciation | 3,896 | 3,716 | 3,546 | 2,476 | 3,396 |
| Basic EPS | -0.02 | 0.00 | -0.01 | -- | -0.03 |
| Diluted EPS | -0.02 | 0.00 | -0.01 | -- | -0.03 |
| Basic Average Shares | 61.9M | 60.6M | 60.0M | -- | 52.6M |
| Diluted Average Shares | 61.9M | 60.6M | 60.0M | -- | 52.6M |
| Total Unusual Items | 398,045 | 1.2M | 1.1M | 71,965 | -6,702 |
| Total Unusual Items Excluding Goodwill | 398,045 | 1.2M | 1.1M | 71,965 | -6,702 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -1.5M | -1.5M | -1.7M | -1.3M | -1.7M |
| Depreciation Amortization Depletion Income Statement | 3,896 | 3,716 | 3,546 | 2,476 | 3,395 |
| Depreciation Income Statement | 3,896 | 3,716 | 3,546 | 2,476 | 3,395 |
| Diluted NI Availto Com Stockholders | -1.1M | -282,924 | -690,566 | -1.3M | -1.7M |
| Net Income Continuous Operations | -1.1M | -282,924 | -690,566 | -1.3M | -1.7M |
| Net Non Operating Interest Income Expense | -140,016 | -186,288 | -93,738 | 290,787 | -268,564 |
| Other Gand A | 412,457 | 314,437 | 433,124 | 723,963 | 480,902 |
| Other Special Charges | -- | -- | -122,828 | -- | -- |
| Reconciled Cost Of Revenue | 3,896 | 26,455 | 3,546 | 2,476 | 3,395 |
| Rent And Landing Fees | -- | -- | 52,636 | 20,953 | 10,605 |
| Rent Expense Supplemental | -- | -- | 52,636 | 20,953 | 10,605 |
| Salaries And Wages | 135,786 | 79,326 | 455,523 | -12,711 | 309,428 |
| Total Expenses | 1.3M | 1.3M | 1.8M | 1.6M | 1.4M |
| Total Operating Income As Reported | -1.1M | -1.3M | -1.7M | -1.3M | -1.4M |
| Total Other Finance Cost | 129,000 | -- | 106,000 | -278,188 | 302,926 |
| 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 | 16,010 | 64,229 | 1.3M | 2.1M | 2.4M |
| Cash Cash Equivalents And Short Term Investments | 16,010 | 64,229 | 1.3M | 2.1M | 2.4M |
| Accounts Receivable | 20,481 | 26,183 | 20,619 | 25,244 | 58,627 |
| Receivables | 20,481 | 26,183 | 20,619 | 25,244 | 58,627 |
| Inventory | 501,110 | 565,198 | 582,236 | 308,176 | 339,378 |
| Prepaid Assets | 73,715 | 77,339 | 65,235 | 137,388 | 93,787 |
| Current Assets | 611,316 | 732,949 | 1.9M | 2.6M | 2.9M |
| Gross PPE | 20.6M | 19.9M | 18.9M | 17.7M | 18.7M |
| Accumulated Depreciation | -34,347 | -29,637 | -24,510 | -19,364 | -7,286 |
| Net PPE | 20.5M | 19.9M | 18.9M | 17.6M | 18.7M |
| Total Non Current Assets | 20.5M | 19.9M | 18.9M | 17.6M | 18.7M |
| Total Assets | 21.1M | 20.6M | 20.8M | 20.2M | 21.6M |
| Current Debt | 461,595 | -- | -- | -- | -- |
| Current Debt And Capital Lease Obligation | 461,595 | -- | -- | -- | -- |
| Accounts Payable | 1.5M | 1.1M | -- | 954,116 | 1.2M |
| Payables | 1.5M | 1.1M | -- | 954,116 | 1.2M |
| Payables And Accrued Expenses | 1.5M | 1.1M | 797,405 | 954,116 | 1.2M |
| Current Deferred Revenue | 91,875 | 917,236 | 1.2M | 865,642 | 1.1M |
| Other Current Liabilities | 104,681 | 359,637 | 1.6M | 2.6M | -- |
| Current Liabilities | 2.2M | 2.4M | 3.5M | 4.5M | 2.2M |
| Long Term Debt | 212,196 | -- | -- | -- | -- |
| Long Term Debt And Capital Lease Obligation | 212,196 | -- | -- | -- | -- |
| Long Term Capital Lease Obligation | -- | -- | -- | 0.00 | -- |
| Total Non Current Liabilities Net Minority Interest | 13.0M | 11.8M | 11.3M | 11.5M | 11.2M |
| Total Liabilities Net Minority Interest | 15.1M | 14.1M | 14.9M | 16.0M | 13.4M |
| Common Stock | 39.1M | 38.9M | 38.9M | 37.8M | 34.5M |
| Capital Stock | 39.1M | 38.9M | 38.9M | 37.8M | 34.5M |
| Retained Earnings | -34.3M | -33.2M | -32.9M | -32.2M | -29.6M |
| Gains Losses Not Affecting Retained Earnings | 1.2M | 808,304 | -25,627 | -1.4M | 3.3M |
| Other Equity Adjustments | 1.2M | 808,304 | -25,627 | -1.4M | 3.3M |
| Common Stock Equity | 6.0M | 6.5M | 6.0M | 4.2M | 8.2M |
| Stockholders Equity | 6.0M | 6.5M | 6.0M | 4.2M | 8.2M |
| Total Equity Gross Minority Interest | 6.0M | 6.5M | 6.0M | 4.2M | 8.2M |
| Total Capitalization | 6.2M | 6.5M | 6.0M | 4.2M | 8.2M |
| Net Tangible Assets | 6.0M | 6.5M | 6.0M | 4.2M | 8.2M |
| Tangible Book Value | 6.0M | 6.5M | 6.0M | 4.2M | 8.2M |
| Working Capital | -1.5M | -1.6M | -1.6M | -1.9M | 646,132 |
| Invested Capital | 6.7M | 6.5M | 6.0M | 4.2M | 8.2M |
| Total Debt | 673,791 | -- | -- | 0.00 | 0.00 |
| Net Debt | 657,781 | -- | -- | -- | -- |
| Share Issued | 61.9M | 60.6M | 60.6M | 57.7M | 52.6M |
| Ordinary Shares Number | 61.9M | 60.6M | 60.6M | 57.7M | 52.6M |
| Capital Lease Obligations | -- | -- | -- | 0.00 | 0.00 |
| Construction In Progress | 0.00 | 0.00 | 0.00 | 0.00 | 8.5M |
| Current Capital Lease Obligation | -- | -- | -- | 0.00 | 0.00 |
| Current Deferred Liabilities | 91,875 | 917,236 | 1.2M | 865,642 | 1.1M |
| Land And Improvements | 1.6M | 1.5M | 1.5M | 1.4M | 1.5M |
| Leases | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Provisions | 486,295 | 446,267 | 424,347 | 438,125 | -- |
| Machinery Furniture Equipment | 13.3M | 13.0M | 12.3M | 11.4M | 4.1M |
| Non Current Deferred Liabilities | 12.3M | 11.3M | 10.9M | 11.1M | 11.2M |
| Non Current Deferred Revenue | 12.3M | 11.3M | 10.9M | 11.1M | 11.2M |
| Non Current Prepaid Assets | -- | -- | -- | 0.00 | 0.00 |
| Other Current Borrowings | 461,595 | -- | -- | -- | -- |
| Other Equity Interest | -- | -- | -- | 51,507 | -- |
| Raw Materials | 501,110 | 565,198 | 582,236 | -- | 339,378 |
| 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 | -549,775 | -981,043 | -1.5M | -2.3M | -1.2M |
| Cash Flow From Continuing Operating Activities | -549,775 | -981,044 | -1.5M | -2.3M | -1.2M |
| Depreciation And Amortization | 3,896 | 3,716 | 3,546 | 2,476 | 3,396 |
| Depreciation Amortization Depletion | 3,896 | 3,716 | 3,546 | 2,476 | 3,396 |
| Stock Based Compensation | -75,351 | 79,326 | 455,523 | 48,294 | 46,176 |
| Deferred Tax | 40,549 | 43,029 | 34,416 | -- | 0.00 |
| Deferred Income Tax | 40,549 | 43,029 | 34,416 | -- | 0.00 |
| Change In Working Capital | 539,493 | 210,900 | -260,452 | -1.1M | 111,401 |
| Change In Receivables | -34,669 | -48,375 | -29,763 | -269,863 | -41,883 |
| Change In Inventory | 69,483 | 40,496 | -244,635 | -278,007 | -235,197 |
| Change In Payables And Accrued Expense | 501,624 | 238,265 | -60,962 | -530,122 | 399,571 |
| Change In Other Working Capital | 1.00 | -- | -- | -- | -- |
| Other Non Cash Items | 291,950 | 190,216 | -4,082 | -278,194 | 302,995 |
| Capital Expenditure | -122,954 | -249,015 | -76,840 | -- | -1.9M |
| Purchase Of PPE | -122,954 | -249,015 | -76,840 | 1.3M | -1.9M |
| Net PPE Purchase And Sale | -122,954 | -249,015 | -76,840 | 1.3M | -1.9M |
| Investing Cash Flow | -123,120 | -249,015 | -84,917 | 242,925 | -803,486 |
| Cash Flow From Continuing Investing Activities | -123,120 | -249,015 | -84,917 | 242,925 | -803,486 |
| Repayment Of Debt | 0.00 | 0.00 | 0.00 | 102.47 | 213.00 |
| Net Issuance Payments Of Debt | 450,000 | 0.00 | 0.00 | 102.47 | 213.00 |
| Issuance Of Capital Stock | 302,610 | 0.00 | 827,942 | 2.2M | 0.00 |
| Net Common Stock Issuance | 302,610 | 0.00 | 827,942 | 2.2M | 0.00 |
| Financing Cash Flow | 744,742 | 0.00 | 782,334 | 2.1M | 213.00 |
| Cash Flow From Continuing Financing Activities | 744,742 | 0.00 | 782,334 | 2.1M | 213.00 |
| Effect Of Exchange Rate Changes | -120,066 | 19,621 | -1,372 | -380,566 | 2,382 |
| Changes In Cash | 71,847 | -1.2M | -815,261 | -19,085 | -2.0M |
| Beginning Cash Position | 64,229 | 1.3M | 2.1M | 2.4M | 4.4M |
| End Cash Position | 16,010 | 64,229 | 1.3M | 2.1M | 2.4M |
| Free Cash Flow | -672,729 | -1.2M | -1.6M | -996,839 | -3.1M |
| Capital Expenditure Reported | -- | -- | -8,077 | -- | -- |
| Change In Prepaid Assets | 3,054 | -9,119 | 74,908 | -55,685 | -11,090 |
| Common Stock Issuance | 302,610 | 0.00 | 827,942 | 2.2M | 0.00 |
| Depreciation | 3,896 | 3,716 | 3,546 | 2,476 | 3,396 |
| Gain Loss On Investment Securities | -254,956 | -1.2M | -1.1M | -- | -- |
| Long Term Debt Payments | 0.00 | 0.00 | 0.00 | 102.47 | 213.00 |
| Net Income From Continuing Operations | -1.1M | -282,924 | -690,566 | -1.3M | -1.7M |
| Net Long Term Debt Issuance | 450,000 | 0.00 | 0.00 | 102.47 | 213.00 |
| Net Other Financing Charges | -7,868 | 0.00 | -45,608 | -83,984 | 0.00 |
| Net Other Investing Changes | -166.00 | 0.00 | -8,077 | -- | 1.2M |
| Operating Gains Losses | -254,956 | -1.2M | -1.1M | -- | -- |
| Proceeds From Stock Option Exercised | 0.00 | 0.00 | 0.00 | -3,768 | 0.00 |