Hemlo Mining Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	426.07	345.14	272.88
Revenue Growth (YoY)	-	26.48%	-
Cost of Revenue	255.08	250.79	221.68
Gross Profit	170.99	94.35	51.2
Other Operating Expenses	2.12	1.72	1.82
Operating Expenses	2.33	1.88	2.12
Operating Income	168.66	92.48	49.08
Interest Expense	-1.2	-0.81	-0.12
Interest & Investment Income	0.09	0.09	0.02
Currency Exchange Gain (Loss)	-2.16	-1.46	-2.04
Other Non Operating Income (Expenses)	-4.23	-1.94	-0.97
Pretax Income	161.17	88.35	45.98
Income Tax Expense	53.47	27.11	19.86
Net Income	107.7	61.24	26.12
Net Income to Common	107.7	61.24	26.12
Net Income Growth	-	134.47%	-
Free Cash Flow	129.15	82.8	17.09
Gross Margin	40.13%	27.34%	18.76%
Operating Margin	39.59%	26.79%	17.99%
Profit Margin	25.28%	17.74%	9.57%
Free Cash Flow Margin	30.31%	23.99%	6.26%
EBITDA	203.98	127.11	75.45
EBITDA Margin	47.88%	36.83%	27.65%
D&A For EBITDA	35.32	34.63	26.37
EBIT	168.66	92.48	49.08
EBIT Margin	39.59%	26.79%	17.99%
Effective Tax Rate	33.18%	30.69%	43.20%

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