Velocity Minerals Ltd. (TSXV:VLC)

Velocity Minerals Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Selling, General & Admin	-3.26	-1.69	-1.36	-1.88	-1.78
Depreciation & Amortization Expenses	0.03	0.02	0.06	0.04	0.01
Exploration Expenses	-0.04	-0.6	-0.35	-0.56	-0.25
Other Operating Expenses	0.76	-0.23	-0.18	-0.25	-0.09
Total Operating Expenses	-2.51	-2.51	-1.83	-2.65	-2.11
Operating Income	2.51	2.51	1.83	2.65	2.11
Interest Income	0.39	0.03	0.01	0.03	0.02
Interest Expense	-0.16	-0.02	-0.02	-0.02	-0.1
Other Non-Operating Income (Expense)	2.01	0.87	0.25	-0.04	-0.2
Total Non-Operating Income (Expense)	2.24	0.88	0.24	-0.03	-0.28
Pretax Income	-2.28	-1.66	-1.85	2.62	1.83
Provision for Income Taxes	-	0.26	-	-	-
Net Income	-2.28	-1.92	-1.85	-2.75	-2.51
Minority Interest in Earnings	-0.08	-0.01	-	-	-
Net Income to Common	-2.28	-1.92	-1.85	-2.75	-2.51
Shares Outstanding (Basic)	197	196	175	160	153
Shares Outstanding (Diluted)	197	196	175	160	153
Shares Change (YoY)	0.49%	12.08%	9.25%	4.46%	33.69%
EPS (Basic)	-0.01	-0.01	-0.01	-0.02	-0.02
EPS (Diluted)	-0.01	-0.01	-0.01	-0.02	-0.02
Shares Outstanding	197.21	196.25	175.1	160.28	160.28
Free Cash Flow	21.23	-1.03	-1.43	-2.32	-2.39
Free Cash Flow Per Share	0.11	-0.01	-0.01	-0.01	-0.02
EBITDA	2.54	2.53	1.89	2.7	2.12
EBIT	2.51	2.51	1.83	2.65	2.11
Effective Tax Rate	0.00%	-15.65%	0.00%	0.00%	0.00%

Updated Apr 21, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.