Tier One Silver Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Cost of Revenue	0.18	0.12	0.18	0.06	0.12	0.02	Upgrade
Gross Profit	-0.18	-0.12	-0.18	-0.06	-0.12	-0.02	Upgrade
Selling, General & Admin	1.36	1.9	2.77	4.13	5.24	0.58	Upgrade
Other Operating Expenses	0.02	0.01	0.01	-	-	-	Upgrade
Operating Expenses	2.03	3.74	5.12	7.57	16.85	3.21	Upgrade
Operating Income	-2.21	-3.86	-5.3	-7.64	-16.97	-3.23	Upgrade
Interest & Investment Income	0.01	0.03	0.04	0.04	-	-	Upgrade
Earnings From Equity Investments	0.01	-0.02	0.03	-0.02	-	-	Upgrade
Currency Exchange Gain (Loss)	-0.03	-0.01	-0.02	-0	-0.09	-0.03	Upgrade
Other Non Operating Income (Expenses)	-0.05	-0.12	-0.09	-0.12	-0.14	-0.01	Upgrade
EBT Excluding Unusual Items	-2.28	-3.98	-5.34	-7.74	-17.21	-3.27	Upgrade
Gain (Loss) on Sale of Investments	0.05	0.04	-0.1	-	-	-	Upgrade
Asset Writedown	-0.03	-0.03	-	-	-	-	Upgrade
Other Unusual Items	-	0.29	-0.03	-	-0.28	-	Upgrade
Pretax Income	-2.36	-3.68	-5.48	-7.74	-17.49	-3.27	Upgrade
Net Income	-2.36	-3.68	-5.48	-7.74	-17.49	-3.27	Upgrade
Net Income to Common	-2.36	-3.68	-5.48	-7.74	-17.49	-3.27	Upgrade
Shares Outstanding (Basic)	179	167	147	134	124	112	Upgrade
Shares Outstanding (Diluted)	179	167	147	134	124	112	Upgrade
Shares Change (YoY)	9.82%	14.02%	9.90%	8.12%	9.98%	-	Upgrade
EPS (Basic)	-0.01	-0.02	-0.04	-0.06	-0.14	-0.03	Upgrade
EPS (Diluted)	-0.01	-0.02	-0.04	-0.06	-0.14	-0.03	Upgrade
Free Cash Flow	-2.1	-2.28	-4.26	-7.11	-13.26	-3.32	Upgrade
Free Cash Flow Per Share	-0.01	-0.01	-0.03	-0.05	-0.11	-0.03	Upgrade
EBITDA	-1.54	-2.97	-4.86	-7.53	-14.92	-3.22	Upgrade
D&A For EBITDA	0.67	0.89	0.44	0.11	2.05	0.01	Upgrade
EBIT	-2.21	-3.86	-5.3	-7.64	-16.97	-3.23	Upgrade

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