Azimut Exploration Income Statement

Financials in millions CAD. Fiscal year is September - August.

Millions CAD. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Other Revenue	0.42	0.36	0.44	0.14	0.11	0.31
Revenue	0.42	0.36	0.44	0.14	0.11	0.31
Revenue Growth (YoY)	-0.31%	-18.12%	217.85%	29.90%	-65.85%	74.75%
Gross Profit	0.42	0.36	0.44	0.14	0.11	0.31
Selling, General & Admin	1.86	1.88	2.5	1.48	1.67	1.27
Other Operating Expenses	0.05	0.06	0.06	0.1	0.07	-0
Operating Expenses	3.95	3.98	3.52	2.6	1.98	1.94
Operating Income	-3.52	-3.61	-3.07	-2.46	-1.88	-1.63
Interest Expense	-0.03	-0.02	-0.06	-0.01	-0.02	-0.02
Interest & Investment Income	0.3	0.32	0.46	0.27	0.18	0.05
Other Non Operating Income (Expenses)	0.15	0.12	0.51	0.01	-0.04	-0
EBT Excluding Unusual Items	-3.11	-3.19	-2.17	-2.19	-1.76	-1.6
Gain (Loss) on Sale of Investments	0.83	-0.22	-0.57	-0.02	-0.02	0.03
Gain (Loss) on Sale of Assets	-0.02	-	1.69	0.38	-	-
Pretax Income	-2.3	-3.41	-1.04	-1.83	-1.78	-1.57
Income Tax Expense	-0.51	-0.93	-1.08	-	-3.4	-1.02
Net Income	-1.79	-2.48	0.04	-1.83	1.62	-0.55
Net Income to Common	-1.79	-2.48	0.04	-1.83	1.62	-0.55
Shares Outstanding (Basic)	94	90	85	80	82	71
Shares Outstanding (Diluted)	94	90	86	80	82	71
Shares Change (YoY)	8.91%	4.84%	7.77%	-2.77%	16.02%	14.67%
EPS (Basic)	-0.02	-0.03	0.00	-0.02	0.02	-0.01
EPS (Diluted)	-0.02	-0.03	0.00	-0.02	0.02	-0.01
Free Cash Flow	-11.03	-7.7	-5.36	-17.58	-15.02	-13.38
Free Cash Flow Per Share	-0.12	-0.09	-0.06	-0.22	-0.18	-0.19
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	-837.37%	-994.69%	-693.15%	-1763.22%	-1745.94%	-517.95%
Profit Margin	-425.19%	-682.50%	9.60%	-1312.00%	1504.96%	-175.07%
Free Cash Flow Margin	-2620.48%	-2118.68%	-1208.36%	-12597.97%	-13976.11%	-4253.05%
EBITDA	-1.43	-1.51	-1.99	-1.51	-1.76	-1.26
D&A For EBITDA	2.1	2.1	1.08	0.95	0.12	0.37
EBIT	-3.52	-3.61	-3.07	-2.46	-1.88	-1.63
Advertising Expenses	-	0	0	0.01	0.01	0.02

Source: S&P Global Market Intelligence. Standard template. Financial Sources.