Kelt Exploration Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	492.98	466.99	413.7	436.41	547.79	289.35
Revenue Growth (YoY)	14.75%	12.88%	-5.21%	-20.33%	89.32%	47.02%
Cost of Revenue	218.43	208.15	180.35	164.8	153.47	102.11
Gross Profit	274.56	258.84	233.35	271.62	394.32	187.24
Selling, General & Admin	20.93	21.31	21.12	18.25	17.32	13.47
Depreciation & Amortization Expenses	196.44	183.57	141.49	125.81	116.18	91.25
Exploration Expenses	0.16	0.16	0.21	1.41	14.48	0.93
Total Operating Expenses	217.53	205.03	162.83	145.47	147.98	105.65
Operating Income	57.03	53.81	70.52	126.14	246.34	81.6
Interest Expense	-15.44	-14.59	-6.76	-4.19	-3.91	-2.44
Other Non-Operating Income (Expense)	7.03	44.78	-0.61	-7.48	-32.23	-13.59
Total Non-Operating Income (Expense)	-8.42	30.18	-7.37	-11.67	-36.14	-16.03
Pretax Income	60.47	83.99	63.16	114.48	210.2	135.69
Provision for Income Taxes	15.31	20.93	17.73	28.5	51.44	21.44
Net Income	45.16	63.06	45.42	85.97	158.76	114.26
Net Income to Common	45.16	63.06	45.42	85.97	158.76	114.26
Net Income Growth	-24.12%	38.82%	-47.17%	-45.85%	38.95%	-
Shares Outstanding (Basic)	200	199	196	193	191	189
Shares Outstanding (Diluted)	203	202	200	197	195	191
Shares Change (YoY)	1.30%	1.24%	1.30%	0.82%	2.44%	1.44%
EPS (Basic)	0.22	0.32	0.23	0.45	0.83	0.61
EPS (Diluted)	0.21	0.31	0.23	0.44	0.81	0.60
EPS Growth	-16.00%	34.78%	-47.73%	-45.68%	35.00%	-
Shares Outstanding	202.2	199.81	196.76	194.51	191.97	189.16
Free Cash Flow	-66.6	-49.15	-116.87	6.75	-3.57	-58.39
Free Cash Flow Per Share	-0.33	-0.24	-0.59	0.03	-0.02	-0.31
Gross Margin	55.69%	55.43%	56.41%	62.24%	71.98%	64.71%
Operating Margin	11.57%	11.52%	17.05%	28.90%	44.97%	28.20%
Profit Margin	9.16%	13.50%	10.98%	19.70%	28.98%	39.49%
FCF Margin	-13.51%	-10.53%	-28.25%	1.55%	-0.65%	-20.18%
EBITDA	253.47	237.38	212.02	251.96	362.52	172.85
EBITDA Margin	51.42%	50.83%	51.25%	57.73%	66.18%	59.74%
EBIT	57.03	53.81	70.52	126.14	246.34	81.6
EBIT Margin	11.57%	11.52%	17.05%	28.90%	44.97%	28.20%
Effective Tax Rate	25.32%	24.92%	28.08%	24.90%	24.47%	15.80%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.