Income Statement Surface Metals Inc.

Equities

SUR

CA86877C1023

Specialty Mining & Metals

Market Closed - Canadian Securities Exchange Other stock markets 14:30:01 04/06/2026 BST			5-day change	1st Jan Change
0.1800 ^CAD	0.00%		-10.00%	-33.33%

05-26	Surface Metals Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2026	CI
03-04	Surface Metals Announces Listing on Frankfurt Stock Exchange	MT

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Published financial data: SURFACE METALS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021	2022	2023	2024	2025
Revenues	-	-	-	-	-
Total Revenues	-	-	-	-	-
Cost of Goods Sold, Total	-	42.81K	55.12K	-	-
Gross Profit	-	-42.81K	-55.12K	-	-
Selling General & Admin Expenses, Total	420K	1.83M	1.51M	850K	890K
Exploration / Drilling Costs, Total	-	-	-94K	-41.41K	-
Stock-Based Compensation (IS)	823K	2.11M	-	-	-
R&D Expenses	-	-	-	-	-
Depreciation & Amortization - (IS)	-	17.5K	103K	-	-
Impairment of Oil, Gas & Mineral Properties - (IS)	-	254K	591K	-	3.22M
Other Operating Expenses, Total	1.24M	4.21M	2.11M	809K	4.11M
Operating Income	-1.24M	-4.25M	-2.17M	-809K	-4.11M
Interest Expense, Total	-6.82K	-927	-30.2K	-27.58K	-27.62K
Interest And Investment Income	2K	61.87K	131K	3.47K	1.93K
Net Interest Expenses	-4.83K	60.95K	101K	-24.11K	-25.69K
Currency Exchange Gains (Loss)	-5.51K	-3.62K	-8.97K	-478	-203
Other Non Operating Income (Expenses)	-122K	-17.61K	384K	30K	39.25K
EBT, Excl. Unusual Items	-1.37M	-4.21M	-1.69M	-803K	-4.09M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-63.3K	-	-	-	-
Gain (Loss) On Sale Of Assets	-	684K	-10.29K	-82.97K	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-1.44M	-3.52M	-1.7M	-886K	-4.09M
Earnings From Continuing Operations	-1.44M	-3.52M	-1.7M	-886K	-4.09M
Earnings Of Discontinued Operations	820K	-	-	-	-
Net Income to Company	-617K	-3.52M	-1.7M	-886K	-4.09M
Net Income - (IS)	-617K	-3.52M	-1.7M	-886K	-4.09M
Net Income to Common Incl Extra Items	-617K	-3.52M	-1.7M	-886K	-4.09M
Net Income to Common Excl. Extra Items	-1.44M	-3.52M	-1.7M	-886K	-4.09M
Per Share Items
Net EPS - Basic	-0.08	-0.23	-0.09	-0.04	-0.13
Basic EPS - Continuing Operations	-0.19	-0.23	-0.09	-0.04	-0.13
Basic Weighted Average Shares Outstanding	7.55M	15.33M	19.41M	23.31M	32.04M
Net EPS - Diluted	-0.08	-0.23	-0.09	-0.04	-0.13
Diluted EPS - Continuing Operations	-0.19	-0.23	-0.09	-0.04	-0.13
Diluted Weighted Average Shares Outstanding	7.55M	15.33M	19.41M	23.31M	32.04M
Normalized Basic EPS	-0.11	-0.17	-0.05	-0.02	-0.08
Normalized Diluted EPS	-0.11	-0.17	-0.05	-0.02	-0.08
Supplemental Items
EBITDA	-	-3.98M	-1.51M	-771K	-884K
EBITA	-1.24M	-4.25M	-2.17M	-809K	-4.11M
EBIT	-1.24M	-4.25M	-2.17M	-809K	-4.11M
EBITDAR	-	-3.94M	-1.47M	-731K	-844K
Normalized Net Income	-859K	-2.63M	-1.06M	-502K	-2.56M
Interest on Long-Term Debt	-	-	-	27.58K	22.05K
Supplemental Operating Expense Items
Advertising Expense	138K	-	-	-	-
Marketing Expenses	-	1.06M	514K	57.82K	84.15K
Selling and Marketing Expenses	138K	1.06M	514K	57.82K	84.15K
General and Administrative Expenses	226K	692K	855K	752K	765K
Research And Development Expense From Footnotes	-	-	-	-	-
Exploration/Drilling Costs	-	-	-94K	-41.41K	-
Net Rental Expense, Total	23.5K	36K	39.5K	40.43K	40.36K
Imputed Operating Lease Interest Expense	-	-	-	58.86K	74.02K
Imputed Operating Lease Depreciation	-	-	-	-18.42K	-33.65K
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	293K
Stock-Based Comp., Other (Total)	823K	2.11M	-	-	-
Total Stock-Based Compensation	823K	2.11M	-	-	293K

Fiscal Period: September	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.8M	9.82M	293K	255K	266K
Total Cash And Short Term Investments	2.8M	9.82M	293K	255K	266K
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	16.12K	61.03K	39.47K	71.46K	72.52K
Total Receivables	16.12K	61.03K	39.47K	71.46K	72.52K
Prepaid Expenses	179K	76.83K	15.93K	25.21K	46.96K
Other Current Assets, Total	-	30.56K	83.22K	-	650K
Total Current Assets	3M	9.99M	431K	352K	1.04M
Gross Property Plant And Equipment	946K	3.97M	12.62M	12.4M	9.08M
Accumulated Depreciation	-	-	-121K	-12.26K	-17.58K
Net Property Plant And Equipment	946K	3.97M	12.5M	12.39M	9.06M
Other Intangibles, Total	-	-	-	-	-
Other Long-Term Assets, Total	-	210K	114K	90.2K	105K
Total Assets	3.94M	14.17M	13.05M	12.83M	10.2M
Liabilities
Accounts Payable, Total	202K	246K	526K	250K	-
Accrued Expenses, Total	47.92K	93.7K	-	-	52.07K
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	-	-	27.83K	34.37K	42.19K
Unearned Revenue Current, Total	-	595K	-	-	-
Other Current Liabilities	-	-	-	12.22K	149K
Total Current Liabilities	250K	935K	554K	297K	243K
Long-Term Debt	-	-	-	-	-
Long-Term Leases	-	-	138K	103K	61.1K
Total Liabilities	250K	935K	692K	400K	304K
Common Stock, Total	4.81M	15.22M	16.11M	17M	17.97M
Retained Earnings	-1.89M	-5.42M	-7.12M	-8.01M	-12.1M
Comprehensive Income and Other	775K	3.43M	3.37M	3.44M	4.02M
Total Common Equity	3.69M	13.24M	12.36M	12.43M	9.9M
Total Equity	3.69M	13.24M	12.36M	12.43M	9.9M
Total Liabilities And Equity	3.94M	14.17M	13.05M	12.83M	10.2M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	14.19M	19.46M	20.32M	25.32M	45.36M
ECS Total Common Shares Outstanding	12.11M	17.83M	19.71M	25.32M	43.59M
Book Value / Share	0.3	0.74	0.63	0.49	0.23
Tangible Book Value	3.69M	13.24M	12.36M	12.43M	9.9M
Tangible Book Value Per Share	0.3	0.74	0.63	0.49	0.23
Total Debt	0	0	165K	138K	103K
Net Debt	-2.8M	-9.82M	-127K	-118K	-163K
Debt Equivalent Oper. Leases	188K	288K	316K	323K	323K
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	-	-	577K	35.6K	35.6K
Full Time Employees	-	-	-	-	-

Fiscal Period: September	2021	2022	2023	2024	2025
Net Income	-617K	-3.52M	-1.7M	-886K	-4.09M
Depreciation & Amortization - CF	-	17.5K	103K	74.79K	42.79K
Impairment of Oil, Gas & Mineral Properties - (CF)	-	254K	591K	-	3.22M
Depreciation & Amortization, Total	-	271K	694K	74.79K	3.26M
(Gain) Loss From Sale Of Asset	-	-684K	10.29K	82.97K	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	823K	2.11M	-	-	293K
Provision and Write-off of Bad Debts	-	-	-	23.31K	-23.31K
Other Operating Activities, Total	-753K	-157K	-571K	27.58K	22.05K
Change In Accounts Receivable	-14.09K	-44.91K	21.56K	19.7K	29.68K
Change In Accounts Payable	150K	138K	-164K	-103K	10.33K
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	-179K	-62.37K	-8.38K	110K	-55.76K
Cash from Operations	-591K	-1.96M	-1.72M	-651K	-557K
Capital Expenditure	-339K	-2.54M	-8.21M	-520K	-442K
Sale of Property, Plant, and Equipment	-	-	-	269K	-
Cash Acquisitions	358K	-	-	-	-
Sale (Purchase) of Intangible assets	1	-	-	-	-
Other Investing Activities, Total	-319K	834K	9.73K	-	150K
Cash from Investing	-299K	-1.71M	-8.2M	-252K	-292K
Short Term Debt Issued, Total	42K	-	-	-	180K
Total Debt Issued	42K	-	-	-	180K
Short Term Debt Repaid, Total	-92.8K	-	-	-	-180K
Long-Term Debt Repaid, Total	-	-	-45.47K	-55.41K	-56.42K
Total Debt Repaid	-92.8K	-	-45.47K	-55.41K	-236K
Issuance of Common Stock	3.92M	10.87M	478K	978K	959K
Other Financing Activities, Total	-182K	-257K	-	-46.55K	-34.26K
Cash from Financing	3.69M	10.62M	432K	876K	868K
Foreign Exchange Rate Adjustments	-	63.85K	-36.3K	-10.43K	-8.08K
Net Change in Cash	2.8M	7.01M	-9.52M	-37.11K	10.84K
Supplemental Items
Levered Free Cash Flow	-857K	-2.11M	-9.27M	-1.19M	-207K
Unlevered Free Cash Flow	-852K	-2.11M	-9.25M	-1.17M	-190K
Change In Net Working Capital	560K	-711K	379K	222K	734K
Net Debt Issued / Repaid	-50.8K	-	-45.47K	-55.41K	-56.42K

Fiscal Period: September	2021	2022	2023	2024	2025
Profitability
Return on Assets	-38.89	-29.32	-9.97	-3.9	-22.29
Return on Total Capital	-50.43	-31.37	-10.53	-4.03	-22.74
Return On Equity %	-107	-41.64	-13.32	-7.15	-36.66
Return on Common Equity	-107	-41.64	-13.32	-7.15	-36.66
Margin Analysis
Gross Profit Margin %	-	-	-	-	-
SG&A Margin	-	-	-	-	-
EBITDA Margin %	-	-	-	-	-
EBITA Margin %	-	-	-	-	-
EBIT Margin %	-	-	-	-	-
Income From Continuing Operations Margin %	-	-	-	-	-
Net Income Margin %	-	-	-	-	-
Net Avail. For Common Margin %	-	-	-	-	-
Normalized Net Income Margin	-	-	-	-	-
Levered Free Cash Flow Margin	-	-	-	-	-
Unlevered Free Cash Flow Margin	-	-	-	-	-
Asset Turnover
Asset Turnover	-	-	-	-	-
Fixed Assets Turnover	-	-	-	-	-
Receivables Turnover (Average Receivables)	-	-	-	-	-
Short Term Liquidity
Current Ratio	11.98	10.68	0.78	1.19	4.26
Quick Ratio	11.26	10.57	0.6	1.1	1.39
Operating Cash Flow to Current Liabilities	-2.36	-2.09	-3.11	-2.19	-2.29
Days Sales Outstanding (Average Receivables)	-	-	-	-	-
Average Days Payable Outstanding	-	1.91K	2.56K	-	-
Long Term Solvency
Total Debt/Equity	-	-	1.34	1.11	1.04
Total Debt / Total Capital	-	-	1.32	1.1	1.03
LT Debt/Equity	-	-	1.11	0.83	0.62
Long-Term Debt / Total Capital	-	-	1.1	0.82	0.61
Total Liabilities / Total Assets	6.35	6.6	5.3	3.12	2.98
EBIT / Interest Expense	-182.09	-4.58K	-71.85	-29.32	-148.71
EBITDA / Interest Expense	-	-4.29K	-48.86	-26.6	-30.66
(EBITDA - Capex) / Interest Expense	-	-7.03K	-320.61	-45.47	-46.66
Total Debt / EBITDA	-	-	-0.11	-0.19	-0.12
Net Debt / EBITDA	-	2.47	0.09	0.16	0.19
Total Debt / (EBITDA - Capex)	-	-	-0.02	-0.11	-0.08
Net Debt / (EBITDA - Capex)	-	1.51	0.01	0.09	0.13
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	-	-	-
Gross Profit, 1 Yr. Growth %	-	-	28.76	-	-
EBITDA, 1 Yr. Growth %	-	-	-62.11	-55.49	14.65
EBITA, 1 Yr. Growth %	354	246.31	-48.92	-66.25	407.93
EBIT, 1 Yr. Growth %	354	246.31	-48.92	-66.25	407.93
Earnings From Cont. Operations, 1 Yr. Growth %	381.64	145.08	-51.63	-48.02	361.96
Net Income, 1 Yr. Growth %	135.04	470.73	-51.63	-48.02	361.96
Normalized Net Income, 1 Yr. Growth %	360.44	206.15	-59.74	-52.6	409.69
Diluted EPS Before Extra, 1 Yr. Growth %	-87.04	20.69	-60.85	-56.72	236.08
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-	320.23	214.59	-0.88	-26.88
Total Assets, 1 Yr. Growth %	7.69K	259.38	-7.92	-1.63	-20.52
Tangible Book Value, 1 Yr. Growth %	-467.48	258.43	-6.64	0.63	-20.41
Common Equity, 1 Yr. Growth %	-467.48	258.43	-6.64	0.63	-20.41
Cash From Operations, 1 Yr. Growth %	6.17K	231.01	-11.95	-62.21	-14.35
Capital Expenditures, 1 Yr. Growth %	-	650.98	222.63	-93.66	-15.06
Levered Free Cash Flow, 1 Yr. Growth %	-1.81K	149.12	339.28	-87.36	-82.6
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.46K	150.31	338.51	-87.51	-83.82
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	-	-
Gross Profit, 2 Yr. CAGR %	-	-	-	-	-
EBITDA, 2 Yr. CAGR %	-	-	-	-55.96	-28.56
EBITA, 2 Yr. CAGR %	83.51	293.98	33.01	-56.37	30.93
EBIT, 2 Yr. CAGR %	83.51	293.98	33.01	-56.37	30.93
Earnings From Cont. Operations, 2 Yr. CAGR %	90.2	243.57	8.88	-49.86	54.96
Net Income, 2 Yr. CAGR %	24.63	266.25	66.16	-49.86	54.96
Normalized Net Income, 2 Yr. CAGR %	85.96	275.45	11.03	-56.31	55.43
Diluted EPS Before Extra, 2 Yr. CAGR %	-69.28	-60.45	-31.26	-59.34	20.61
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	263.59	76.58	-14.87
Total Assets, 2 Yr. CAGR %	789.65	1.57K	81.91	-4.83	-11.58
Tangible Book Value, 2 Yr. CAGR %	123.06	262.93	82.92	-3.07	-10.5
Common Equity, 2 Yr. CAGR %	123.06	262.93	82.92	-3.07	-10.5
Cash From Operations, 2 Yr. CAGR %	264.82	1.34K	70.72	-42.32	-43.11
Capital Expenditures, 2 Yr. CAGR %	-	-	392.23	-54.78	-76.8
Levered Free Cash Flow, 2 Yr. CAGR %	207.54	548.92	230.81	-24.91	-85.17
Unlevered Free Cash Flow, 2 Yr. CAGR %	187.7	480.07	231.31	-25.44	-85.79
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	-	-
Gross Profit, 3 Yr. CAGR %	-	-1.42	-	-	-
EBITDA, 3 Yr. CAGR %	-	-	-	-	-39.42
EBITA, 3 Yr. CAGR %	93.92	125.81	99.41	-12.97	-1.12
EBIT, 3 Yr. CAGR %	93.92	125.81	99.41	-12.97	-1.12
Earnings From Cont. Operations, 3 Yr. CAGR %	36.68	106.97	78.74	-14.9	5.12
Net Income, 3 Yr. CAGR %	3.12	106.97	86.52	12.8	5.12
Normalized Net Income, 3 Yr. CAGR %	92.71	119.58	78.38	-16.4	-0.92
Diluted EPS Before Extra, 3 Yr. CAGR %	-66.41	-51.52	-60.59	-41.56	-17.79
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	135.75	31.61
Total Assets, 3 Yr. CAGR %	311.09	557.66	536.48	48.2	-10.38
Tangible Book Value, 3 Yr. CAGR %	114.32	161.27	130.81	49.89	-9.24
Common Equity, 3 Yr. CAGR %	114.32	161.27	130.81	49.89	-9.24
Cash From Operations, 3 Yr. CAGR %	43.01	253.18	467.53	3.27	-34.19
Capital Expenditures, 3 Yr. CAGR %	-	-	-	15.37	-44.2
Levered Free Cash Flow, 3 Yr. CAGR %	129.64	185.57	469.78	12	-53.88
Unlevered Free Cash Flow, 3 Yr. CAGR %	140.83	173.58	428.42	11.64	-55.19
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	-
Gross Profit, 5 Yr. CAGR %	-	-	-2.03	-	-
EBITA, 5 Yr. CAGR %	67.23	827.17	66.34	16.99	71.89
EBIT, 5 Yr. CAGR %	67.23	827.17	66.34	16.99	71.89
Earnings From Cont. Operations, 5 Yr. CAGR %	58.61	114.71	24.8	17.39	68.82
Net Income, 5 Yr. CAGR %	33.94	114.71	24.8	17.39	73.19
Normalized Net Income, 5 Yr. CAGR %	68.33	824.24	54.56	15.1	68.82
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-55.27	-54.81	-38.65
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	219.18	-	-	-	-
Total Assets, 5 Yr. CAGR %	115.87	255.21	196.69	203.53	189
Tangible Book Value, 5 Yr. CAGR %	80.54	246.55	101.16	75.72	58.01
Common Equity, 5 Yr. CAGR %	80.54	246.55	101.16	75.72	58.01
Cash From Operations, 5 Yr. CAGR %	139	122.26	53.51	71.09	126.16
Capital Expenditures, 5 Yr. CAGR %	190.48	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	57	56.89	165.12	67.37	32.81
Unlevered Free Cash Flow, 5 Yr. CAGR %	56.85	56.88	172.96	62.65	24.8