Cash flow Artemis Gold Inc.

Equities

ARTG

CA04302L1004

Gold

Market Closed - Toronto S.E. Other stock markets 01:30:00 09/05/2026 am IST			5-day change	1st Jan Change
34.17 ^CAD	-0.38%		+0.35%	-6.87%

08/05	Artemis Gold Inc., Q1 2026 Earnings Call, May 07, 2026
07/05	Earnings Flash (ARTG.V) Artemis Gold Posted Q1 Adjusted Net Income of $129.7M, or $0.54 Per Share On a Fully Diluted Basis	MT

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Published financial data: ARTEMIS GOLD INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	-	-	-	-	91Cr
Total Revenues	-	-	-	-	91Cr
Cost of Goods Sold, Total	-	-	-	-	21Cr
Gross Profit	-	-	-	-	70Cr
Selling General & Admin Expenses, Total	52.02L	70.23L	83.13L	81.95L	1.91Cr
Stock-Based Compensation (IS)	45.79L	50.79L	44.67L	79.98L	-
Depreciation & Amortization - (IS)	3L	4L	7L	7L	3.31Cr
Other Operating Expenses	76.85T	63.46T	3L	4L	10.46L
Other Operating Expenses, Total	1.02Cr	1.26Cr	1.38Cr	1.73Cr	5.32Cr
Operating Income	-1.02Cr	-1.26Cr	-1.38Cr	-1.73Cr	65Cr
Interest Expense, Total	-81.92T	-72.54T	-1L	-67.67T	-4.5Cr
Interest And Investment Income	7L	30.49L	35.48L	-	14.32L
Net Interest Expenses	6L	29.76L	34.38L	-67.67T	-4.36Cr
Income (Loss) On Equity Invest.	-7L	-9L	-6L	-5L	-5L
Other Non Operating Income (Expenses)	-6L	-6L	-5L	-1.36Cr	-7.22Cr
EBT, Excl. Unusual Items	-1.09Cr	-1.11Cr	-1.14Cr	-3.14Cr	53Cr
Gain (Loss) On Sale Of Investments	-20.55L	-1.05Cr	-	-	-
Other Unusual Items	-8L	-	-	-	-
EBT, Incl. Unusual Items	-1.37Cr	-2.16Cr	-1.14Cr	-3.14Cr	53Cr
Income Tax Expense	-	-	-	-	18Cr
Earnings From Continuing Operations	-1.37Cr	-2.16Cr	-1.14Cr	-3.14Cr	35Cr
Net Income to Company	-1.37Cr	-2.16Cr	-1.14Cr	-3.14Cr	35Cr
Net Income - (IS)	-1.37Cr	-2.16Cr	-1.14Cr	-3.14Cr	35Cr
Net Income to Common Incl Extra Items	-1.37Cr	-2.16Cr	-1.14Cr	-3.14Cr	35Cr
Net Income to Common Excl. Extra Items	-1.37Cr	-2.16Cr	-1.14Cr	-3.14Cr	35Cr
Per Share Items
Net EPS - Basic	-0.1	-0.13	-0.06	-0.15	1.52
Basic EPS - Continuing Operations	-0.1	-0.13	-0.06	-0.15	1.52
Basic Weighted Average Shares Outstanding	14Cr	16Cr	20Cr	21Cr	23Cr
Net EPS - Diluted	-0.1	-0.13	-0.06	-0.15	1.48
Diluted EPS - Continuing Operations	-0.1	-0.13	-0.06	-0.15	1.48
Diluted Weighted Average Shares Outstanding	14Cr	16Cr	20Cr	21Cr	24Cr
Normalized Basic EPS	-0.05	-0.04	-0.04	-0.09	1.45
Normalized Diluted EPS	-0.05	-0.04	-0.04	-0.09	1.41
Supplemental Items
EBITDA	-1.01Cr	-1.24Cr	-1.27Cr	-1.62Cr	66Cr
EBITA	-1.01Cr	-1.25Cr	-1.35Cr	-1.69Cr	65Cr
EBIT	-1.02Cr	-1.26Cr	-1.38Cr	-1.73Cr	65Cr
Effective Tax Rate - (Ratio)	-	-	-	-	34.56
Current Domestic Taxes	-	-	-	-	1.5Cr
Total Current Taxes	-	-	-	-	1.5Cr
Deferred Domestic Taxes	-	-	-	-	17Cr
Total Deferred Taxes	-	-	-	-	17Cr
Normalized Net Income	-67.87L	-69.35L	-71.53L	-1.97Cr	33Cr
Interest Capitalized	-	-	1.99Cr	6.3Cr	2.61Cr
Interest on Long-Term Debt	81.92T	72.54T	1L	67.67T	3.19Cr
Supplemental Operating Expense Items
General and Administrative Expenses	52.02L	70.23L	83.13L	81.95L	1.91Cr
Stock-Based Comp., COGS (Total)	-	-	-	-	83.89L
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	96.9L
Stock-Based Comp., Other (Total)	45.79L	50.79L	44.67L	79.98L	-
Total Stock-Based Compensation	45.79L	50.79L	44.67L	79.98L	1.81Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	13Cr	19Cr	16Cr	2.83Cr	17Cr
Short Term Investments	11.21L	-	-	-	-
Total Cash And Short Term Investments	13Cr	19Cr	16Cr	2.83Cr	17Cr
Accounts Receivable, Total	-	-	-	-	1.33Cr
Other Receivables	7L	29.68L	1.02Cr	37.95L	-
Total Receivables	7L	29.68L	1.02Cr	37.95L	1.33Cr
Inventory	-	-	-	-	3.13Cr
Restricted Cash	-	-	-	2.08Cr	1.33Cr
Total Current Assets	13Cr	20Cr	17Cr	5.28Cr	23Cr
Gross Property Plant And Equipment	31Cr	44Cr	91Cr	166.29Cr	217.85Cr
Accumulated Depreciation	-13.45L	-23.15L	-46.75L	-1.96Cr	-11Cr
Net Property Plant And Equipment	31Cr	44Cr	90Cr	164.33Cr	206.63Cr
Long-term Investments	1.96Cr	81.76L	75.86L	71.15L	65.93L
Deferred Tax Assets Long-Term	-	-	-	-	1.15Cr
Deferred Charges Long-Term	29.78L	1.11Cr	1.2Cr	19.56L	19.15L
Other Long-Term Assets, Total	8L	47.34L	3.03Cr	11.97L	16Cr
Total Assets	47Cr	66Cr	112.08Cr	170.64Cr	246.98Cr
Liabilities
Accounts Payable, Total	50.69L	2.46Cr	5.1Cr	12Cr	16Cr
Accrued Expenses, Total	-	-	18.07L	-	-
Current Portion of Long-Term Debt	-	-	-	15Cr	1.1Cr
Current Portion of Leases	4L	7L	13.73L	89.07L	2.65Cr
Current Income Taxes Payable	-	-	-	-	90.08L
Unearned Revenue Current, Total	-	-	28.57L	1.09Cr	1.37Cr
Other Current Liabilities	-	-	-	1.44Cr	5.49Cr
Total Current Liabilities	54.31L	2.53Cr	5.7Cr	31Cr	28Cr
Long-Term Debt	-	-	14Cr	33Cr	46Cr
Long-Term Leases	9L	10.33L	2Cr	12Cr	12Cr
Unearned Revenue Non Current	-	-	25Cr	26Cr	31Cr
Deferred Tax Liability Non Current	-	-	-	-	18Cr
Other Non Current Liabilities	4.42Cr	5.3Cr	7.15Cr	10Cr	12Cr
Total Liabilities	5.05Cr	7.93Cr	54Cr	111.56Cr	145.78Cr
Common Stock, Total	42Cr	59Cr	60Cr	63Cr	68Cr
Additional Paid In Capital	1.01Cr	1.75Cr	2.23Cr	3.21Cr	5.09Cr
Retained Earnings	-1.14Cr	-3.3Cr	-4.44Cr	-7.59Cr	27Cr
Comprehensive Income and Other	33.6L	36.22L	36.22L	36.22L	36.22L
Total Common Equity	42Cr	58Cr	58Cr	59Cr	101.2Cr
Total Equity	42Cr	58Cr	58Cr	59Cr	101.2Cr
Total Liabilities And Equity	47Cr	66Cr	112.08Cr	170.64Cr	246.98Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	15Cr	19Cr	20Cr	23Cr	23Cr
ECS Total Common Shares Outstanding	15Cr	19Cr	20Cr	23Cr	23Cr
Book Value / Share	2.72	2.99	2.93	2.62	4.37
Tangible Book Value	42Cr	58Cr	58Cr	59Cr	101.2Cr
Tangible Book Value Per Share	2.72	2.99	2.93	2.62	4.37
Total Debt	12.42L	17.13L	16Cr	61Cr	61Cr
Net Debt	-13Cr	-19Cr	82.48L	58Cr	44Cr
Equity Method Investments, Total	1.9Cr	81.76L	75.86L	71.15L	65.93L
Account Code - Inventory Valuation	-	3	3	6	6
Inventories - Raw Materials, Total	-	-	-	-	2.03Cr
Inventories - Work In Process, Total	-	-	-	-	73.29L
Inventories - Finished Goods, Total	-	-	-	-	36.01L
Machinery, Total	17.87L	19.54L	19.54L	-	-
Full Time Employees	29	82	-	439	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-1.37Cr	-2.16Cr	-1.14Cr	-3.14Cr	35Cr
Depreciation & Amortization - CF	3L	4L	7L	7L	3.31Cr
Amortization of Goodwill and Intangible Assets - (CF)	76.85T	63.46T	3L	4L	-
Depreciation & Amortization, Total	4L	5L	10L	10.96L	3.31Cr
(Gain) Loss on Sale of Investments - (CF)	20.55L	1.05Cr	-	-	-
(Income) Loss On Equity Investments - (CF)	7L	9L	6L	5L	5L
Stock-Based Compensation (CF)	45.79L	50.79L	44.67L	79.98L	1.81Cr
Other Operating Activities, Total	2L	-29.76L	-34.38L	1.32Cr	21Cr
Change In Accounts Receivable	2L	-1L	-4L	5L	-96.39L
Change In Inventories	-	-	-	-	-13Cr
Change In Accounts Payable	-98.95T	17L	7L	-7L	7.56Cr
Change In Income Taxes	-	-	-	-	90.08L
Change in Other Net Operating Assets	-19.91T	-	-	-	-
Cash from Operations	-57.28L	-60.54L	-85.2L	-88.11L	56Cr
Capital Expenditure	-8.36Cr	-9.69Cr	-40Cr	-48Cr	-40Cr
Investment in Marketable and Equity Securities, Total	33.2L	13.83L	-	-	-
Other Investing Activities, Total	7L	-12.61L	-2.2Cr	2.97Cr	94.17L
Cash from Investing	-7.97Cr	-9.68Cr	-42Cr	-45Cr	-39Cr
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	15Cr	32Cr	50Cr
Total Debt Issued	-	-	15Cr	32Cr	50Cr
Long-Term Debt Repaid, Total	-3L	-4L	-12.78L	-56.21L	-56Cr
Total Debt Repaid	-3L	-4L	-12.78L	-56.21L	-56Cr
Issuance of Common Stock	17Cr	18Cr	86.23L	3.02Cr	3.24Cr
Other Financing Activities, Total	-78.07L	-94.46L	23Cr	-59.49L	36.12L
Cash from Financing	16Cr	17Cr	39Cr	33Cr	-2.89Cr
Net Change in Cash	7.95Cr	6.27Cr	-3.75Cr	-13Cr	14Cr
Supplemental Items
Cash Interest Paid	-	-	-	50.19L	2.91Cr
Levered Free Cash Flow	-13Cr	-8.2Cr	-38Cr	-41Cr	9.07Cr
Unlevered Free Cash Flow	-13Cr	-8.2Cr	-38Cr	-41Cr	12Cr
Change In Net Working Capital	4.64Cr	-1.72Cr	-2.38Cr	-7.61Cr	-6.28Cr
Net Debt Issued / Repaid	-3L	-4L	15Cr	31Cr	-6.49Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-1.55	-1.4	-0.97	-0.76	19.45
Return on Total Capital	-1.87	-1.57	-1.3	-1.11	28.76
Return On Equity %	-4.04	-4.34	-1.98	-5.36	43.57
Return on Common Equity	-4.04	-4.34	-1.98	-5.36	43.57
Margin Analysis
Gross Profit Margin %	-	-	-	-	76.93
SG&A Margin	-	-	-	-	2.09
EBITDA Margin %	-	-	-	-	71.88
EBITA Margin %	-	-	-	-	71.11
EBIT Margin %	-	-	-	-	71.11
Income From Continuing Operations Margin %	-	-	-	-	38.2
Net Income Margin %	-	-	-	-	38.2
Net Avail. For Common Margin %	-	-	-	-	38.2
Normalized Net Income Margin	-	-	-	-	36.49
Levered Free Cash Flow Margin	-	-	-	-	9.92
Unlevered Free Cash Flow Margin	-	-	-	-	13
Asset Turnover
Asset Turnover	-	-	-	-	0.44
Fixed Assets Turnover	-	-	-	-	0.49
Receivables Turnover (Average Receivables)	-	-	-	-	106.87
Short Term Liquidity
Current Ratio	24.52	7.79	2.92	0.17	0.81
Quick Ratio	24.52	7.79	2.92	0.1	0.65
Operating Cash Flow to Current Liabilities	-1.05	-0.24	-0.15	-0.03	2
Days Sales Outstanding (Average Receivables)	-	-	-	-	3.42
Long Term Solvency
Total Debt/Equity	0.3	0.3	28.35	103.26	60.19
Total Debt / Total Capital	0.3	0.3	22.09	50.8	37.58
LT Debt/Equity	0.21	0.18	28.12	76.1	56.49
Long-Term Debt / Total Capital	0.21	0.18	21.91	37.44	35.26
Total Liabilities / Total Assets	10.74	12.08	48.13	65.37	59.02
EBIT / Interest Expense	-124.49	-173.38	-124.96	-255.48	14.44
EBITDA / Interest Expense	-119.4	-166.82	-99.9	-64.39	15.18
(EBITDA - Capex) / Interest Expense	-1.14T	-1.5T	-3.7T	-7.2T	6.26
Total Debt / EBITDA	-0.13	-0.14	-14.98	-140.02	0.89
Net Debt / EBITDA	13.42	15.9	-0.75	-133.53	0.65
Total Debt / (EBITDA - Capex)	-0.01	-0.02	-0.4	-1.25	2.16
Net Debt / (EBITDA - Capex)	1.4	1.76	-0.02	-1.19	1.57
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	70.08	23.27	0.47	26.66	-4.06T
EBITA, 1 Yr. Growth %	70.74	23.63	6	25.37	-3.86T
EBIT, 1 Yr. Growth %	72.04	23.33	7.89	25.57	-3.86T
Earnings From Cont. Operations, 1 Yr. Growth %	248.66	57.76	-47.09	174.72	-1.21T
Net Income, 1 Yr. Growth %	248.66	57.76	-47.09	174.72	-1.21T
Normalized Net Income, 1 Yr. Growth %	61.51	2.17	3.15	174.72	-1.8T
Diluted EPS Before Extra, 1 Yr. Growth %	91.32	38.09	-56.27	155.36	-1.09T
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	250.58
Net Property, Plant and Equip., 1 Yr. Growth %	15.09	39.09	107.5	81.76	25.65
Total Assets, 1 Yr. Growth %	33.21	39.8	70.65	52.25	44.74
Tangible Book Value, 1 Yr. Growth %	61.75	37.7	0.68	1.63	71.28
Common Equity, 1 Yr. Growth %	61.75	37.7	0.68	1.63	71.28
Cash From Operations, 1 Yr. Growth %	38.56	5.68	40.74	3.42	-6.46T
Capital Expenditures, 1 Yr. Growth %	-42.25	15.86	309.05	21.78	-17.07
Levered Free Cash Flow, 1 Yr. Growth %	37.84	-37.59	357.47	8.66	-122.12
Unlevered Free Cash Flow, 1 Yr. Growth %	37.83	-37.6	357.64	8.67	-128.98
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	153.01	44.79	12.11	13.44	616.49
EBITA, 2 Yr. CAGR %	150.5	45.29	15.32	15.28	594.85
EBIT, 2 Yr. CAGR %	151.45	45.66	16.19	16.4	587.04
Earnings From Cont. Operations, 2 Yr. CAGR %	47.81	134.53	-8.64	20.57	452.33
Net Income, 2 Yr. CAGR %	47.81	134.53	-8.64	20.57	452.33
Normalized Net Income, 2 Yr. CAGR %	137.68	28.46	2.66	68.33	582.77
Diluted EPS Before Extra, 2 Yr. CAGR %	-37.98	59.59	-22.29	5.68	404.19
Net Property, Plant and Equip., 2 Yr. CAGR %	1.56T	26.52	69.89	94.2	51.18
Total Assets, 2 Yr. CAGR %	203.31	36.46	54.46	61.19	48.45
Tangible Book Value, 2 Yr. CAGR %	192.77	49.24	17.75	1.16	31.94
Common Equity, 2 Yr. CAGR %	192.77	49.24	17.75	1.16	31.94
Cash From Operations, 2 Yr. CAGR %	170.23	21.01	21.96	20.65	711.24
Capital Expenditures, 2 Yr. CAGR %	2.48T	-18.2	117.7	123.19	0.62
Levered Free Cash Flow, 2 Yr. CAGR %	-	-7.25	69.09	122.95	-50.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-7.26	69.1	123	-43.77
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-	99.09	28.82	17.2	273.62
EBITA, 3 Yr. CAGR %	-	97.96	31.43	18.57	271.28
EBIT, 3 Yr. CAGR %	-	98.3	32.43	19.24	270.66
Earnings From Cont. Operations, 3 Yr. CAGR %	-	51.05	42.78	31.87	152.73
Net Income, 3 Yr. CAGR %	-	51.05	42.78	31.87	152.73
Normalized Net Income, 3 Yr. CAGR %	-	79.38	19.4	42.53	263.64
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-20	3.66	15.53	123.19
Net Property, Plant and Equip., 3 Yr. CAGR %	-	625.27	49.21	73.76	68.01
Total Assets, 3 Yr. CAGR %	-	134.29	47.02	53.72	55.51
Tangible Book Value, 3 Yr. CAGR %	-	127.69	30.89	12.11	20.57
Common Equity, 3 Yr. CAGR %	-	127.69	30.89	12.11	20.57
Cash From Operations, 3 Yr. CAGR %	-	97.62	27.26	15.44	352.46
Capital Expenditures, 3 Yr. CAGR %	-	816.37	39.88	79.38	60.59
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	57.95	45.91	3.34
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	57.96	45.93	13.1
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	-	-	59.44	156.47
EBITA, 5 Yr. CAGR %	-	-	-	59.93	155.85
EBIT, 5 Yr. CAGR %	-	-	-	60.7	155.85
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	38.03	145.29
Net Income, 5 Yr. CAGR %	-	-	-	38.03	145.29
Normalized Net Income, 5 Yr. CAGR %	-	-	-	74.88	139.83
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-10.58	95.17
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	328.16	49.99
Total Assets, 5 Yr. CAGR %	-	-	-	101.74	47.59
Tangible Book Value, 5 Yr. CAGR %	-	-	-	64.59	31.31
Common Equity, 5 Yr. CAGR %	-	-	-	64.59	31.31
Cash From Operations, 5 Yr. CAGR %	-	-	-	62.22	166.98
Capital Expenditures, 5 Yr. CAGR %	-	-	-	420.85	22.61
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-1
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	4.5