Seafarer Exploration Corp. (SFRX)

Seafarer Exploration Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	-	0.02	0.02	0.01	0.02
Revenue Growth (YoY)	-	-15.24%	48.28%	-45.41%	123.70%
Cost of Revenue	0.1	0.25	0.37	0.2	0.15
Gross Profit	-0.1	-0.23	-0.35	-0.19	-0.13
Selling, General & Admin	1.8	2.56	2.33	2.04	1.76
Research & Development	0.57	0.49	0.33	0.17	0.44
Operating Expenses	2.45	3.11	2.7	2.23	2.22
Operating Income	-2.55	-3.34	-3.05	-2.43	-2.35
Interest Expense	-0.15	-0.37	-0.1	-0.06	-0.18
EBT Excluding Unusual Items	-2.7	-3.71	-3.16	-2.49	-2.52
Gain (Loss) on Sale of Assets	-	0.01	-	-0.09	0.02
Other Unusual Items	-0.04	-0.2	-0.02	-0.04	-0.12
Pretax Income	-2.74	-3.9	-3.18	-2.62	-2.63
Net Income	-2.74	-3.9	-3.18	-2.62	-2.63
Net Income to Common	-2.74	-3.9	-3.18	-2.62	-2.63
Shares Outstanding (Basic)	9,474	8,635	7,742	6,687	5,646
Shares Outstanding (Diluted)	9,474	8,635	7,742	6,687	5,646
Shares Change (YoY)	9.71%	11.54%	15.77%	18.44%	14.13%
EPS (Basic)	-0.00	-0.00	-0.00	-0.00	-0.00
EPS (Diluted)	-0.00	-0.00	-0.00	-0.00	-0.00
Free Cash Flow	-2.02	-2.93	-2.31	-1.99	-1.72
Operating Margin	-	-20488.55%	-15864.26%	-18697.06%	-9871.72%
Profit Margin	-	-23901.85%	-16535.72%	-20171.15%	-11049.26%
Free Cash Flow Margin	-	-17955.75%	-12028.53%	-15335.64%	-7220.16%
EBITDA	-2.47	-3.28	-3	-2.4	-2.32
D&A For EBITDA	0.08	0.06	0.05	0.02	0.02
EBIT	-2.55	-3.34	-3.05	-2.43	-2.35
Revenue as Reported	-	-	0.02	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.