Trekor Metals Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Trekor Metals Ltd files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	264	378	344	329	343	433	392	525	608	673
Cost of revenue	262	248	303	368	320	269	337	375	491	525
Gross profit	1.78	130	41.2	-39.1	23.7	164	54.2	150	117	148
Operating income	-25.7	92.1	28.2	-61.4	6.05	130	55.9	125	104	19.9
Interest expense	30	46.4	38.6	39.1	42.8	51.9	45.2	39.1	46	44.2
Interest income	1.08	0.94	1.25	1.2	0.25	0.68	1.8	2.97	5.18	3.92
Pre-tax income	-46.1	63.4	-35.3	-85.7	-32.6	70.8	-19.1	133	18.1	-49.5
Income tax	-14.7	29.2	0.45	-32.3	-9.1	34.3	6.83	50.1	31.5	-19.4
Net income	-31.4	34.3	-35.8	-53.4	-23.5	36.5	-26	82.7	-13.4	-30.1
EBITDA	27.3	140	99	48.4	101	197	108	182	178	123
EPS, basic	-0.14	0.15	-0.16	-0.22	-0.09	0.13	-0.09	0.29	-0.05	-0.09
EPS, diluted	-0.14	0.15	-0.16	-0.22	-0.09	0.13	-0.09	0.28	-0.05	-0.09

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	89	80.2	45.7	53.2	85.1	237	121	96.5	173	188
Receivables	12.9	21.6	14.7	13.8	6.69	9.6	13.2	16.5	5.64	13
Inventory	60.6	39.6	39	43.6	58.8	79.9	92.8	123	139	134
Total current assets	165	146	104	114	157	337	241	249	353	345
Property, plant and equipment	730	797	821	758	743	838	1,029	1,286	1,770	2,045
Goodwill	5.54	5.17	5.63	5.36	5.25	5.23	5.58	5.46	5.93	5.65
Total assets	949	989	973	884	910	1,183	1,279	1,584	2,195	2,472
Accounts payable	33.4	47.4	41	43.7	51.7	55.7	66.7	71.7	130	100
Total current liabilities	54.8	61.4	57.4	67.3	78.5	103	113	141	207	230
Total liabilities	611	622	626	582	593	825	922	1,150	1,692	1,694
Total debt		329	355	373	363	532	587	638	797	747
Retained earnings	-137	-103	-140	-193	-217	-180	-206	-123	-137	-108
Minority interests									0	0
Total equity	339	367	347	302	317	359	356	434	503	779
Total liabilities and equity	949	989	973	884	910	1,183	1,279	1,584	2,195	2,472

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-31.4	34.3	-35.8	-53.4	-23.5	36.5	-26	82.7	-13.4	-30.1
Depreciation and amortization	52.9	47.7	70.8	110	95.3	66.6	52	56.9	73.9	103
Cash from operations	33.9	211	94.1	42.6	106	175	81.3	151	233	220
Capital expenditures	-18.8	-97.2	-94.9	-50.8	-20.3	-27.9
Cash from investing	-19.1	-102	-94.4	-16.9	-59.6	-148	-166	-168	-318	-426
Debt issued			8.94	34		0	31.8	45.3	15.7
Debt repaid			-12.3	-18.9	-14.4	-19.7	-26.4	-32	-35.5
Stock issued								0	37.3	259
Cash from financing	6.26	-113	-33.6	-16.7	-11.9	126	-35.2	-7.05	157	225
Exchange rate effect	-0.51	-5.13	-0.66	-1.44	-2.7	-1.19	4.47	-0.82	4.37	-2.99
Net change in cash	20.5	-8.8	-34.6	7.53	31.9	152	-116	-24.4	76.3	15.2
Free cash flow	15	114	-0.79	-8.11	85.8	147

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Gross margin	22.0%	Gross profit / revenue.
Operating margin	3.0%	Operating income / revenue.
EBITDA margin	18.2%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-7.4%	Pre-tax income / revenue.
Net margin	-4.5%	Net income / revenue.
Operating cash flow margin	32.6%	Cash from operations / revenue.
Return on assets (ROA)	-1.3%	Net income / average total assets.
D&A / revenue	15.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	10.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	19.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	14.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	26.3%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	39.7%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	44.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-80.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-29.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	26.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-30.9%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	4.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	3.9%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-5.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	39.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	15.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	12.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	24.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	22.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.50x	Current assets / current liabilities.
Quick ratio	0.87x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.82x	(Cash + short-term investments) / current liabilities.
Debt / assets	30.2%	Total debt / total assets.
Liabilities / assets	68.5%	Total liabilities / total assets.
Net debt	CA$559.0M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	4.56x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	0.45x	Operating income / interest expense.
Working capital	CA$114.9M	Current assets - current liabilities.
Goodwill and intangibles / assets	0.2%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.29x	Revenue / average total assets.
Fixed asset turnover	0.35x	Revenue / average property, plant and equipment.
Inventory turnover	3.85x	Cost of revenue / average inventory.
Days inventory	95 days	365 x average inventory / cost of revenue.
Receivables turnover	72.0x	Revenue / average receivables.
Days sales outstanding	5 days	365 x average receivables / revenue.
Days payables	80 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	20 days	Days inventory + days sales outstanding - days payables.

Per share

Metric	Value	How it is calculated
EPS, diluted	-CA$0.09	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.
EPS, basic	-CA$0.09	Net income per basic share, as reported (split-adjusted).

What was Trekor Metals Ltd's revenue in fiscal 2025?

Trekor Metals Ltd reported revenue of CA$672.9M for fiscal 2025, 10.7% higher than the year before.

Was Trekor Metals Ltd profitable in fiscal 2025?

No. It reported a net loss of CA$30.1M.

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.

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