Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Greenland Mines Ltd files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2023
FY2024
FY2025
Research and development
0
0
0.63
General and administrative
0.53
0.03
2.78
3.08
Operating expenses
0.63
5.54
7.15
Operating income
-0.66
-0.63
-5.54
-7.15
Interest expense
0.08
0.36
2.31
Interest income
1.66
3.36
Other non-operating income
-0.08
-0.61
-3.41
Pre-tax income
1.56
-0.71
-6.15
-10.6
Income tax
0.32
0.69
Net income
1.23
-0.71
-6.15
-10.6
EPS, basic
-0.05
-0.32
-0.22
EPS, diluted
-0.05
-0.32
-0.22
Shares, basic (weighted)
15.1
19.2
48.5
Shares, diluted (weighted)
15.1
19.2
48.5
Dividend per share
16.50
16.50
Balance sheet
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.34
0
0.06
7.18
Other current assets
0.1
0
0.09
0.12
Total current assets
0.44
0.01
0.16
7.29
Intangible assets
2.19
2.3
Other non-current assets
2.19
Total assets
118
2.19
2.46
9.59
Accounts payable
0.15
0.06
0.04
Accrued liabilities
0.14
0
0.91
0.03
Total current liabilities
0.51
1.62
1.25
0.08
Total liabilities
4.93
1.62
1.27
0.13
Paid-in capital
4.49
11.7
30.1
Retained earnings
-4.04
-3.92
-10.6
-21.1
Shareholders' equity
-4.04
-0.44
1.19
9.46
Total equity
-4.04
-0.44
1.19
9.46
Total liabilities and equity
118
2.19
2.46
9.59
Shares outstanding
3.41
15.1
27.1
72.5
Cash flow statement
FY2022
FY2023
FY2024
FY2025
Net income
1.23
-0.71
-6.15
-10.6
Stock-based compensation
0
2.65
1.57
Deferred income tax
0.08
Cash from operations
-0.49
-0.45
-2.95
-5.89
Purchases of investments
-116
-0.01
-0.12
Cash from investing
-116
0.02
-0.12
Stock issued
0.03
0.1
1.11
Cash from financing
117
0.35
3.13
13
Net change in cash
0.34
-0.07
0.06
7.11
Interest paid
0.08
0
0.08
Income taxes paid
0.55
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $14.66 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-37.6%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-33.5%
Net income / average total assets.
Return on invested capital (ROIC)
-30.3%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
698.4%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
290.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-56.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
151.9%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
10.1x
Current assets / current liabilities.
Quick ratio
7.69x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
7.69x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share
-$0.11
Cash from operations / diluted weighted shares.
Book value per share
$0.36
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
30.7x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
192x
Market cap / tangible book value, when positive.
Earnings yield
-1.2%
Net income / market cap (the inverse of P/E).
Was Greenland Mines Ltd profitable in fiscal 2025?
No. It reported a net loss of $10.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.