Zentek Income Statement

Financials in millions CAD. Fiscal year is April - March.

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	0.94	0.87	0.03	0.07	0.34	-
Other Revenue	-	-	-	-	0.01	0
Revenue	0.94	0.87	0.03	0.07	0.35	0
Revenue Growth (YoY)	1358.30%	2826.26%	-59.08%	-79.02%	14642.38%	-
Cost of Revenue	0.47	0.73	0.41	0.93	0.41	0.2
Gross Profit	0.48	0.14	-0.39	-0.86	-0.06	-0.19
Selling, General & Admin	6.11	6.63	7.04	7.8	4.8	1.51
Research & Development	1.36	0.47	1.78	1.65	1.54	-
Amortization of Goodwill & Intangibles	-	-	-	-	0.61	0.13
Other Operating Expenses	0.22	0.21	0.42	0.34	0.21	0.24
Operating Expenses	9.23	9.43	11.64	13.66	31.57	3.89
Operating Income	-8.75	-9.29	-12.02	-14.52	-31.63	-4.09
Interest Expense	-0.01	-0.09	-0.11	-0.12	-0.06	-0.01
Interest & Investment Income	0.04	0.1	0.41	0.51	0.02	0
Other Non Operating Income (Expenses)	0.25	-0.75	0.08	-0.28	-0.02	0.22
EBT Excluding Unusual Items	-8.47	-10.03	-11.65	-14.4	-31.69	-3.87
Gain (Loss) on Sale of Assets	0.39	-0.01	-0.16	-0.01	-	-
Pretax Income	-8.08	-10.04	-11.8	-14.41	-31.69	-3.87
Income Tax Expense	-	-	-0.1	-	-	-
Net Income	-8.08	-10.04	-11.7	-14.41	-31.69	-3.87
Net Income to Common	-8.08	-10.04	-11.7	-14.41	-31.69	-3.87
Shares Outstanding (Basic)	105	103	101	99	92	84
Shares Outstanding (Diluted)	105	103	101	99	92	84
Shares Change (YoY)	2.89%	2.46%	1.07%	7.98%	9.60%	9.32%
EPS (Basic)	-0.08	-0.10	-0.12	-0.14	-0.34	-0.05
EPS (Diluted)	-0.08	-0.10	-0.12	-0.14	-0.34	-0.05
Free Cash Flow	-6.23	-6.47	-8.64	-15.23	-12.29	-2.05
Free Cash Flow Per Share	-0.06	-0.06	-0.09	-0.15	-0.13	-0.02
Gross Margin	50.48%	16.54%	-	-	-17.61%	-
Operating Margin	-928.40%	-1064.54%	-40319.97%	-19925.32%	-9110.09%	-173474.40%
Profit Margin	-857.10%	-1150.68%	-39254.06%	-19784.87%	-9128.92%	-164273.89%
Free Cash Flow Margin	-661.15%	-741.21%	-28989.62%	-20904.27%	-3540.35%	-87004.88%
EBITDA	-8.37	-8.85	-11.57	-14.14	-11.5	-4
D&A For EBITDA	0.38	0.44	0.45	0.38	20.13	0.08
EBIT	-8.75	-9.29	-12.02	-14.52	-31.63	-4.09
Revenue as Reported	-	-	-	-	0.35	0

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q