Steppe Gold Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	254.13	178.13	132.06	62.37	24.05
Revenue Growth (YoY)	42.66%	34.89%	111.74%	159.32%	-58.61%
Cost of Revenue	115.9	82.07	61.23	31.55	14.4
Gross Profit	138.23	96.07	70.82	30.82	9.65
Selling, General & Admin	11.72	9.22	2.55	12.98	9.15
Exploration Expenses	0.13	0.03	0.21	2.13	1.33
Other Operating Expenses	10.64	-	-	-	-
Total Operating Expenses	22.5	9.25	2.76	15.11	10.48
Operating Income	115.74	86.81	68.07	15.71	-0.82
Interest Income	-	-	-	-	-22.1
Interest Expense	-48.34	-7.2	4.71	4.65	-
Other Non-Operating Income (Expense)	0.88	0.53	-0.52	-2.82	-0.03
Total Non-Operating Income (Expense)	-47.46	-6.68	4.19	1.83	-22.12
Pretax Income	68.27	80.13	72.26	17.54	-22.95
Provision for Income Taxes	35.57	18.81	15.92	1.82	-0.27
Net Income	32.73	61.35	56.34	15.96	-22.62
Minority Interest in Earnings	-0.04	-0.03	-	-0.24	-0.06
Net Income to Common	32.73	61.35	56.34	15.96	-22.62
Net Income Growth	-46.64%	8.90%	253.08%	-	-
Shares Outstanding (Basic)	253	189	144	70	69
Shares Outstanding (Diluted)	257	191	144	86	93
Shares Change (YoY)	34.63%	32.87%	67.58%	-7.77%	66.10%
EPS (Basic)	0.13	0.32	0.39	0.23	-0.33
EPS (Diluted)	0.13	0.32	0.39	0.19	-0.24
EPS Growth	-60.44%	-18.11%	110.75%	-	-
Shares Outstanding	252.83	252.83	104.53	70.09	69.55
Free Cash Flow	84.59	52.53	61.73	12.79	-15.95
Free Cash Flow Growth	61.03%	-14.91%	382.55%	-	-
Free Cash Flow Per Share	0.33	0.27	0.43	0.15	-0.17
Dividends Per Share	-	-	10.000	-	-
Gross Margin	54.39%	53.93%	53.63%	49.42%	40.14%
Operating Margin	45.54%	48.73%	51.55%	25.19%	-3.43%
Profit Margin	12.87%	34.43%	42.66%	25.20%	-94.28%
FCF Margin	33.28%	29.49%	46.75%	20.51%	-66.34%
EBITDA	132.03	102.54	86.3	19.92	1.96
EBITDA Margin	51.95%	57.56%	65.35%	31.94%	8.14%
EBIT	115.74	86.81	68.07	15.71	-0.82
EBIT Margin	45.54%	48.73%	51.55%	25.19%	-3.43%
Effective Tax Rate	52.11%	23.47%	22.03%	10.39%	1.19%

Updated Apr 1, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.