Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Zentek 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
FY2022
FY2022
FY2023
FY2024
FY2025
Revenue
0
0.35
0.07
Cost of revenue
0.29
0.64
Gross profit
-0.26
0.23
Research and development
0
1.54
1.65
1.78
0.47
General and administrative
0.05
0.11
Operating income
-4.31
-12.6
-15
-12.4
-9.61
Interest income
0
0.02
0.51
0.41
0.1
Income tax
0
0
0
0
0
Income from continuing operations
-4.31
-12.6
Net income
-3.87
-31.7
-14.4
-11.7
-10
EBITDA
-14.4
-11.8
-9.01
EPS, basic
-0.34
-0.14
-0.12
-0.10
EPS, diluted
0.05
-0.34
-0.14
-0.12
-0.10
Balance sheet
FY2022
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
3.09
26.7
10.4
3.52
0.12
Receivables
0.12
0.66
0.57
0.3
1.2
Inventory
0
0.67
2.85
1.42
0.89
Total current assets
3.39
32
18
6.25
4.37
Property, plant and equipment
0.71
6.03
8.34
7.77
5.28
Total assets
30.3
45
33.3
22.6
18.4
Accounts payable
0.37
1.2
1.29
1.17
2.97
Total current liabilities
2.51
2.3
2.42
1.82
3.49
Lease liabilities
0.28
0.13
0.48
0.33
0.16
Total liabilities
2.79
3.44
2.9
2.41
3.65
Retained earnings
-20.5
-52.2
-66.2
-76.6
-83.9
Total equity
27.5
41.5
30.4
20.2
14.7
Total liabilities and equity
30.3
45
33.3
22.6
18.4
Cash flow statement
FY2022
FY2022
FY2023
FY2024
FY2025
Net income
-3.87
-31.7
-14.4
-11.7
-10
Depreciation and amortization
0.54
0.61
0.6
Cash from operations
-1.79
-7.99
-13
-8.05
-6.28
Capital expenditures
-0.25
-3.99
-2.27
-0.32
-0
Cash from investing
-7.25
-2.31
1.88
0.36
Debt repaid
0
-0.95
-0.24
-0.41
Stock issued
0
33
0
3.07
Cash from financing
5.31
38.8
-1.05
-0.67
2.52
Net change in cash
2.29
23.6
-16.3
-6.84
-3.4
Free cash flow
-2.05
-12
-15.2
-8.37
-6.28
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
Return on assets (ROA)
-49.0%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Total assets growth, 1y
-18.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-25.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.25x
Current assets / current liabilities.
Quick ratio
0.38x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.03x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
19.8%
Total liabilities / total assets.
Working capital
CA$882.9K
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Inventory turnover
0.56x
Cost of revenue / average inventory.
Days inventory
654 days
365 x average inventory / cost of revenue.
Days payables
1,171 days
365 x average accounts payable / cost of revenue.
Per share
Metric
Value
How it is calculated
EPS, diluted
-CA$0.10
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$0.10
Net income per basic share, as reported (split-adjusted).
Was Zentek Ltd. profitable in fiscal 2025?
No. It reported a net loss of CA$10.0M.
How much free cash flow did Zentek Ltd. generate in fiscal 2025?
Cash from operations of CA$6.3M minus capital expenditures of CA$1.4K left free cash flow of -CA$6.3M.
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.