Mineral Road Discovery Income Statement

Financials in millions CAD. Fiscal year is June - May.

Millions CAD. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Revenue	-	-	-	0.05	0.32	1.03
Revenue Growth (YoY)	-	-	-	-83.41%	-68.80%	1042.49%
Cost of Revenue	0.12	0.15	-	-	-	-
Gross Profit	-0.12	-0.15	-	0.05	0.32	1.03
Selling, General & Admin	1.65	1.47	1.28	2.18	2.01	6.23
Amortization of Goodwill & Intangibles	0.01	0.02	0.01	0.01	0.01	0
Operating Expenses	1.67	1.73	1.25	2.98	2.2	8.73
Operating Income	-1.78	-1.88	-1.25	-2.93	-1.88	-7.7
Interest Expense	-	-	-	-	-	-0.04
Interest & Investment Income	0.01	0	0.04	0.04	0.14	0.02
Earnings From Equity Investments	-0.03	-0.04	-0.34	-1.03	-3.35	-0.94
Currency Exchange Gain (Loss)	0.01	0	-0	-0.04	-0.07	0.05
Other Non Operating Income (Expenses)	0.32	-0	-0.63	-0.13	0.24	0.03
EBT Excluding Unusual Items	-1.48	-1.91	-2.18	-4.09	-4.92	-8.57
Gain (Loss) on Sale of Investments	1.35	-0.71	-0.97	-1.96	8.3	4.6
Gain (Loss) on Sale of Assets	0.88	0.88	-	-4.09	-	7.37
Asset Writedown	-0.06	-0.06	-	-	-0.84	-
Other Unusual Items	-	-	-	0.51	-0.03	-
Pretax Income	0.69	-1.8	-3.14	-9.63	2.5	3.4
Income Tax Expense	0.01	-	-	-	-1.01	1.01
Earnings From Continuing Operations	0.68	-1.8	-3.14	-9.63	3.51	2.39
Minority Interest in Earnings	0.09	0.13	0.1	0.26	0.47	0.39
Net Income	0.77	-1.67	-3.04	-9.37	3.98	2.78
Net Income to Common	0.77	-1.67	-3.04	-9.37	3.98	2.78
Net Income Growth	-	-	-	-	43.40%	-
Shares Outstanding (Basic)	32	25	11	4	3	2
Shares Outstanding (Diluted)	32	25	11	4	3	3
Shares Change (YoY)	82.43%	133.84%	167.24%	39.72%	-17.05%	216.82%
EPS (Basic)	0.02	-0.07	-0.29	-2.36	1.40	1.39
EPS (Diluted)	0.02	-0.07	-0.29	-2.36	1.40	0.81
EPS Growth	-	-	-	-	72.88%	-
Free Cash Flow	-0.58	-0.41	-1.33	-1.76	-7	0.12
Free Cash Flow Per Share	-0.02	-0.02	-0.13	-0.44	-2.46	0.03
Gross Margin	-	-	-	100.00%	100.00%	100.00%
Operating Margin	-	-	-	-5500.36%	-586.90%	-748.61%
Profit Margin	-	-	-	-17607.52%	1240.95%	269.97%
Free Cash Flow Margin	-	-	-	-3300.14%	-2183.71%	11.41%
EBITDA	-1.67	-1.8	-1.23	-2.92	-0.95	-7.7
EBITDA Margin	-	-	-	-	-295.29%	-
D&A For EBITDA	0.11	0.08	0.01	0.01	0.94	0
EBIT	-1.78	-1.88	-1.25	-2.93	-1.88	-7.7
Effective Tax Rate	2.07%	-	-	-	-	29.75%
Revenue as Reported	-	-	-	0.05	0.32	1.03

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.