Bayhorse Silver Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2022	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Selling, General & Admin	4.18	2.15	1.24	3.41	1.43
Exploration Expenses	-1.63	-2.24	1.55	2.76	1.7
Other Operating Expenses	-0.05	0.1	0.06	0.01	0.02
Total Operating Expenses	2.49	0.01	2.86	6.18	3.15
Operating Income	-5.76	-4.49	-2.86	-6.18	-3.15
Total Non-Operating Income (Expense)	0.36	0.51	-0.2	0.23	-0
Pretax Income	-5.39	-3.99	-3.05	-5.95	-3.15
Provision for Income Taxes	-	-	-0.03	-0.1	-0.05
Net Income	-5.39	-3.99	-3.02	-5.85	-3.1
Net Income to Common	-5.39	-3.99	-3.02	-5.85	-3.1
Shares Outstanding (Basic)	321	283	225	181	127
Shares Outstanding (Diluted)	321	283	225	181	127
Shares Change (YoY)	13.72%	25.73%	24.41%	42.57%	37.33%
EPS (Basic)	-0.02	-0.01	-0.01	-0.03	-0.02
EPS (Diluted)	-0.02	-0.01	-0.01	-0.03	-0.02
Free Cash Flow	-2.13	-1.27	-1.99	-4.51	-2.4
Free Cash Flow Per Share	-0.01	-0.00	-0.01	-0.02	-0.02
EBITDA	-5.48	-4.22	-2.58	-5.9	-2.83
EBIT	-5.76	-4.49	-2.86	-6.18	-3.15
Effective Tax Rate	0.00%	0.00%	0.91%	1.62%	1.68%