Tier One Silver Income Statement

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

Millions CAD. 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
Cost of Revenue	0.18	0.12	0.18	0.06	0.12	0.02
Gross Profit	-0.18	-0.12	-0.18	-0.06	-0.12	-0.02
Selling, General & Admin	1.36	1.9	2.77	4.13	5.24	0.58
Other Operating Expenses	0.02	0.01	0.01	-	-	-
Operating Expenses	2.03	3.74	5.12	7.57	16.85	3.21
Operating Income	-2.21	-3.86	-5.3	-7.64	-16.97	-3.23
Interest & Investment Income	0.01	0.03	0.04	0.04	-	-
Earnings From Equity Investments	0.01	-0.02	0.03	-0.02	-	-
Currency Exchange Gain (Loss)	-0.03	-0.01	-0.02	-0	-0.09	-0.03
Other Non Operating Income (Expenses)	-0.05	-0.12	-0.09	-0.12	-0.14	-0.01
EBT Excluding Unusual Items	-2.28	-3.98	-5.34	-7.74	-17.21	-3.27
Gain (Loss) on Sale of Investments	0.05	0.04	-0.1	-	-	-
Asset Writedown	-0.03	-0.03	-	-	-	-
Other Unusual Items	-	0.29	-0.03	-	-0.28	-
Pretax Income	-2.36	-3.68	-5.48	-7.74	-17.49	-3.27
Net Income	-2.36	-3.68	-5.48	-7.74	-17.49	-3.27
Net Income to Common	-2.36	-3.68	-5.48	-7.74	-17.49	-3.27
Shares Outstanding (Basic)	179	167	147	134	124	112
Shares Outstanding (Diluted)	179	167	147	134	124	112
Shares Change (YoY)	9.82%	14.02%	9.90%	8.12%	9.98%	-
EPS (Basic)	-0.01	-0.02	-0.04	-0.06	-0.14	-0.03
EPS (Diluted)	-0.01	-0.02	-0.04	-0.06	-0.14	-0.03
Free Cash Flow	-2.1	-2.28	-4.26	-7.11	-13.26	-3.32
Free Cash Flow Per Share	-0.01	-0.01	-0.03	-0.05	-0.11	-0.03
EBITDA	-1.54	-2.97	-4.86	-7.53	-14.92	-3.22
D&A For EBITDA	0.67	0.89	0.44	0.11	2.05	0.01
EBIT	-2.21	-3.86	-5.3	-7.64	-16.97	-3.23

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.