Midland Exploration Inc. (TSXV:MD)

Midland Exploration Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Revenue	0.37	0.16	0.19	0.31	0.21	0.2
Revenue Growth (YoY)	120.17%	-15.63%	-38.11%	49.69%	4.05%	751.30%
Gross Profit	0.37	0.16	0.19	0.31	0.21	0.2
Selling, General & Admin	1.75	1.73	1.81	1.62	1.55	1.47
Operating Expenses	3.23	2.97	3.44	2.8	2.95	1.88
Operating Income	-2.86	-2.81	-3.24	-2.48	-2.74	-1.67
Interest Expense	-0.02	-0.01	-0	-0	-0.01	-0.01
Interest & Investment Income	0.28	0.23	0.31	0.25	0.08	0.1
Other Non Operating Income (Expenses)	-0.05	-0.05	-0.04	-0.04	-0.05	-0.05
EBT Excluding Unusual Items	-2.64	-2.63	-2.98	-2.28	-2.72	-1.63
Gain (Loss) on Sale of Investments	0.11	0.08	-0	0.03	-0.04	0.01
Pretax Income	-2.53	-2.55	-2.98	-2.25	-2.76	-1.63
Income Tax Expense	-0.56	-0.43	-1.03	-1.14	-0.86	-0.6
Net Income	-1.97	-2.12	-1.95	-1.11	-1.9	-1.02
Net Income to Common	-1.97	-2.12	-1.95	-1.11	-1.9	-1.02
Shares Outstanding (Basic)	100	95	86	82	75	72
Shares Outstanding (Diluted)	100	95	86	82	75	72
Shares Change (YoY)	14.38%	10.03%	5.66%	8.91%	4.05%	2.85%
EPS (Basic)	-0.02	-0.02	-0.02	-0.01	-0.03	-0.01
EPS (Diluted)	-0.02	-0.02	-0.02	-0.01	-0.03	-0.01
Free Cash Flow	-6.44	-5.63	-4.52	-4.64	-5.37	-6.84
Free Cash Flow Per Share	-0.06	-0.06	-0.05	-0.06	-0.07	-0.10
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	-771.18%	-1707.07%	-1663.97%	-787.61%	-1303.86%	-828.06%
Profit Margin	-531.98%	-1291.43%	-1001.88%	-352.16%	-903.03%	-506.29%
Free Cash Flow Margin	-1735.31%	-3422.38%	-2319.48%	-1472.06%	-2549.97%	-3382.24%
EBITDA	-1.56	-1.73	-1.89	-1.5	-1.54	-1.47
D&A For EBITDA	1.3	1.07	1.35	0.98	1.21	0.2
EBIT	-2.86	-2.81	-3.24	-2.48	-2.74	-1.67
Revenue as Reported	0.21	-	-	-	-	-

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