Tier One Silver Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2019
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 - 2019
Cost of Revenue	0.29	0.12	0.18	0.06	0.12	Upgrade
Gross Profit	-0.29	-0.12	-0.18	-0.06	-0.12	Upgrade
Selling, General & Admin	1.39	1.9	2.77	4.13	5.24	Upgrade
Other Operating Expenses	0.02	0.01	0.01	-	-	Upgrade
Operating Expenses	2.8	3.74	5.12	7.57	16.85	Upgrade
Operating Income	-3.09	-3.86	-5.3	-7.64	-16.97	Upgrade
Interest Expense	-0	-	-	-	-	Upgrade
Interest & Investment Income	0.03	0.03	0.04	0.04	-	Upgrade
Earnings From Equity Investments	0	-0.02	0.03	-0.02	-	Upgrade
Currency Exchange Gain (Loss)	-0.04	-0.01	-0.02	-0	-0.09	Upgrade
Other Non Operating Income (Expenses)	-0.07	-0.12	-0.09	-0.12	-0.14	Upgrade
EBT Excluding Unusual Items	-3.17	-3.98	-5.34	-7.74	-17.21	Upgrade
Gain (Loss) on Sale of Investments	0.01	0.04	-0.1	-	-	Upgrade
Gain (Loss) on Sale of Assets	-0.1	-	-	-	-	Upgrade
Asset Writedown	-	-0.03	-	-	-	Upgrade
Other Unusual Items	-	0.29	-0.03	-	-0.28	Upgrade
Pretax Income	-3.25	-3.68	-5.48	-7.74	-17.49	Upgrade
Net Income	-3.25	-3.68	-5.48	-7.74	-17.49	Upgrade
Net Income to Common	-3.25	-3.68	-5.48	-7.74	-17.49	Upgrade
Shares Outstanding (Basic)	201	167	147	134	124	Upgrade
Shares Outstanding (Diluted)	201	167	147	134	124	Upgrade
Shares Change (YoY)	19.92%	14.02%	9.90%	8.12%	9.98%	Upgrade
EPS (Basic)	-0.02	-0.02	-0.04	-0.06	-0.14	Upgrade
EPS (Diluted)	-0.02	-0.02	-0.04	-0.06	-0.14	Upgrade
Free Cash Flow	-2.41	-2.28	-4.26	-7.11	-13.26	Upgrade
Free Cash Flow Per Share	-0.01	-0.01	-0.03	-0.05	-0.11	Upgrade
EBITDA	-2.2	-2.97	-4.86	-7.53	-14.92	Upgrade
D&A For EBITDA	0.89	0.89	0.44	0.11	2.05	Upgrade
EBIT	-3.09	-3.86	-5.3	-7.64	-16.97	Upgrade

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