Gold Reserve Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Selling, General & Admin	11.52	11.92	6.78	7.07	7.26	5.85
Exploration Expenses	0.06	0.06	0.06	0.06	0.12	0.07
Other Operating Expenses	19.06	5.4	1.23	1.93	3.3	6.98
Total Operating Expenses	30.64	17.38	8.07	9.06	10.69	12.9
Operating Income	-30.64	-17.38	-8.07	-9.06	-10.69	-12.9
Interest Income	3.31	2.92	1.91	0.58	0.03	0.29
Interest Expense	-0.01	-	-	-	-	-
Other Non-Operating Income (Expense)	-0.08	0.19	1.04	-0.12	0.06	-0
Total Non-Operating Income (Expense)	3.22	3.11	2.95	0.47	0.09	0.29
Pretax Income	-27.43	-14.28	-5.32	-8.6	-10.6	-12.61
Provision for Income Taxes	1	0.91	17.8	-	-	-1.09
Net Income	-28.43	-15.19	-23.12	-8.6	-10.6	-11.52
Net Income to Common	-28.43	-15.19	-23.12	-8.6	-10.6	-11.52
Shares Outstanding (Basic)	115	107	100	100	99	99
Shares Outstanding (Diluted)	115	107	100	100	99	99
Shares Change (YoY)	11.18%	7.04%	-	0.07%	0.09%	-
EPS (Basic)	-0.26	-0.14	-0.23	-0.09	-0.11	-0.12
EPS (Diluted)	-0.26	-0.14	-0.23	-0.09	-0.11	-0.12
Free Cash Flow	-20.59	-12.05	-7.43	-6.36	-8.61	-4.61
Free Cash Flow Per Share	-0.18	-0.11	-0.07	-0.06	-0.09	-0.05
EBITDA	-30.56	-17.37	-8.01	-8.96	-10.58	-12.78
EBIT	-30.64	-17.38	-8.07	-9.06	-10.69	-12.9
Effective Tax Rate	-3.65%	-6.39%	-334.56%	0.00%	0.00%	8.64%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.