Gold Reserve Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Selling, General & Admin	10.19	10.92	6.08	6.57	7.26	Upgrade
Other Operating Expenses	-	-	0.15	0.17	0.32	Upgrade
Operating Expenses	10.25	10.98	6.29	6.8	8.1	Upgrade
Operating Income	-10.25	-10.98	-6.29	-6.8	-8.1	Upgrade
Interest Expense	-0.02	-	-	-	-	Upgrade
Interest & Investment Income	3.21	2.92	1.91	0.58	0.03	Upgrade
Currency Exchange Gain (Loss)	-0.03	-0.06	-0.04	-0.1	-0.02	Upgrade
Other Non Operating Income (Expenses)	-	-	-	-0.22	-2.44	Upgrade
EBT Excluding Unusual Items	-7.09	-8.13	-4.42	-6.55	-10.53	Upgrade
Merger & Restructuring Charges	-	-1	-0.7	-0.5	-	Upgrade
Gain (Loss) on Sale of Investments	0.27	0.25	1.08	-0.01	0.02	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-0.01	0.06	Upgrade
Asset Writedown	-	-	-0.19	-0.62	-	Upgrade
Other Unusual Items	-26.46	-5.4	-1.09	-0.91	-0.15	Upgrade
Pretax Income	-33.28	-14.28	-5.32	-8.6	-10.6	Upgrade
Income Tax Expense	1	0.91	17.8	-	-	Upgrade
Net Income	-34.28	-15.19	-23.12	-8.6	-10.6	Upgrade
Net Income to Common	-34.28	-15.19	-23.12	-8.6	-10.6	Upgrade
Shares Outstanding (Basic)	117	107	100	100	99	Upgrade
Shares Outstanding (Diluted)	117	107	100	100	99	Upgrade
Shares Change (YoY)	9.91%	7.04%	-	0.07%	0.09%	Upgrade
EPS (Basic)	-0.29	-0.14	-0.23	-0.09	-0.11	Upgrade
EPS (Diluted)	-0.29	-0.14	-0.23	-0.09	-0.11	Upgrade
Free Cash Flow	-30.05	-12.05	-7.43	-6.36	-8.61	Upgrade
Free Cash Flow Per Share	-0.26	-0.11	-0.07	-0.06	-0.09	Upgrade
EBITDA	-10.24	-10.97	-6.22	-6.7	-7.99	Upgrade
D&A For EBITDA	0.01	0.01	0.06	0.1	0.11	Upgrade
EBIT	-10.25	-10.98	-6.29	-6.8	-8.1	Upgrade
Revenue as Reported	3.45	3.11	2.95	0.47	0.09	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.