Income Statement BADR CAP

Stocks

YVR.P

CA05652M1014

Delayed Toronto S.E. 12:00:18 29/08/2026 am IST			5-day change	1st Jan Change
0.8700 ^CAD	-7.45%		+23.68%	+443.75%

16/12	Tiger Gold Corp completed the acquisition of Badger Capital Corp. (TSXV:YVR.P) from Neil Currie, James Currie, Benjamin Curry, Arlen Hansen, and other shareholders in a reverse merger transaction.	CI
31/25/31	Badger Capital Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended August 31, 2025	CI

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Published financial data: BADR CAP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: November	2020 (CAD)	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)
Selling General & Admin Expenses, Total	34T	76.75T	51.39T	57.64T	67.14T
Stock-Based Compensation (IS)	-	39.34T	-	-	-
Depreciation & Amortization - (IS)	-	-	-	770	1.16T
Other Operating Expenses, Total	34T	1L	51.39T	58.42T	68.3T
Operating Income	-34T	-1L	-51.39T	-58.42T	-68.3T
Other Non Operating Income (Expenses)	-42	-10.77T	-7.21T	-16.41T	-11.86T
EBT, Excl. Unusual Items	-34.04T	-1L	-58.61T	-74.82T	-80.16T
EBT, Incl. Unusual Items	-34.04T	-1L	-58.61T	-74.82T	-80.16T
Earnings From Continuing Operations	-34.04T	-1L	-58.61T	-74.82T	-80.16T
Net Income to Company	-34.04T	-1L	-58.61T	-74.82T	-80.16T
Net Income - (IS)	-34.04T	-1L	-58.61T	-74.82T	-80.16T
Net Income to Common Incl Extra Items	-34.04T	-1L	-58.61T	-74.82T	-80.16T
Net Income to Common Excl. Extra Items	-34.04T	-1L	-58.61T	-74.82T	-80.16T
Per Share Items
Net EPS - Basic	-	-0.15	-0.03	-0.02	-0.02
Basic EPS - Continuing Operations	-	-0.15	-0.03	-0.02	-0.02
Basic Weighted Average Shares Outstanding	-	8L	18.35L	35.35L	35.35L
Net EPS - Diluted	-	-0.15	-0.03	-0.02	-0.02
Diluted EPS - Continuing Operations	-	-0.15	-0.03	-0.02	-0.02
Diluted Weighted Average Shares Outstanding	-	8L	18.35L	35.35L	35.35L
Normalized Basic EPS	-	-0.09	-0.02	-0.01	-0.01
Normalized Diluted EPS	-	-0.09	-0.02	-0.01	-0.01
Supplemental Items
EBITDA	-	-	-	-57.64T	-67.14T
EBITA	-34T	-1L	-51.39T	-58.42T	-68.3T
EBIT	-34T	-1L	-51.39T	-58.42T	-68.3T
Normalized Net Income	-21.28T	-79.29T	-36.63T	-46.76T	-50.1T
Supplemental Operating Expense Items
General and Administrative Expenses	34T	76.75T	51.39T	57.64T	67.14T
Stock-Based Comp., Other (Total)	-	39.34T	-	-	-
Total Stock-Based Compensation	-	39.34T	-	-	-

Fiscal Period: November	2020 (CAD)	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)
Assets
Cash And Equivalents	2L	5L	4L	5L	4L
Total Cash And Short Term Investments	2L	5L	4L	5L	4L
Total Current Assets	2L	5L	4L	5L	4L
Gross Property Plant And Equipment	-	-	-	3.47T	3.47T
Accumulated Depreciation	-	-	-	-770	-1.92T
Net Property Plant And Equipment	-	-	-	2.7T	1.54T
Total Assets	2L	5L	4L	5L	4L
Liabilities
Accounts Payable, Total	11.33T	12.69T	18T	19T	23.54T
Total Current Liabilities	11.33T	12.69T	18T	19T	23.54T
Total Liabilities	11.33T	12.69T	18T	19T	23.54T
Common Stock, Total	2L	5L	5L	7L	7L
Retained Earnings	-11.35T	-1L	-2L	-3L	-4L
Comprehensive Income and Other	-	67.83T	67.83T	67.83T	67.83T
Total Common Equity	2L	5L	4L	5L	4L
Total Equity	2L	5L	4L	5L	4L
Total Liabilities And Equity	2L	5L	4L	5L	4L
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	18.35L	18.35L	35.35L	35.35L
ECS Total Common Shares Outstanding	-	18.35L	18.35L	35.35L	35.35L
Book Value / Share	-	0.25	0.22	0.14	0.11
Tangible Book Value	2L	5L	4L	5L	4L
Tangible Book Value Per Share	-	0.25	0.22	0.14	0.11
Total Debt	0	0	0	0	0
Net Debt	-2L	-5L	-4L	-5L	-4L
Account Code - Inventory Valuation	3	3	3	-	3
Machinery, Total	-	-	-	3.47T	3.47T

Fiscal Period: November	2020 (CAD)	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)
Net Income	-34.04T	-1L	-58.61T	-74.82T	-80.16T
Depreciation & Amortization - CF	-	-	-	770	1.16T
Depreciation & Amortization, Total	-	-	-	770	1.16T
Stock-Based Compensation (CF)	-	39.34T	-	-	-
Change In Accounts Payable	34T	1.35T	5.31T	1T	4.55T
Cash from Operations	-42	-86.17T	-53.3T	-73.05T	-74.45T
Capital Expenditure	-	-	-	-3.47T	-
Cash from Investing	-	-	-	-3.47T	-
Issuance of Common Stock	7L	4L	-	2L	-
Other Financing Activities, Total	-	-72.02T	-	-11.54T	-
Cash from Financing	7L	3L	-	2L	-
Net Change in Cash	7L	3L	-53.3T	81.94T	-74.45T
Supplemental Items
Levered Free Cash Flow	-	-31.86T	-26.81T	-38.2T	-36.98T
Unlevered Free Cash Flow	-	-31.86T	-26.81T	-38.2T	-36.98T
Change In Net Working Capital	-	-1.35T	-5.31T	-1T	-4.55T

Fiscal Period: November	2020 (CAD)	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)
Profitability
Return on Assets	-	-20.98	-7.22	-7.92	-9.17
Return on Total Capital	-	-21.73	-7.47	-8.25	-9.61
Return On Equity %	-	-38	-13.64	-16.92	-18.05
Return on Common Equity	-	-38	-13.64	-16.92	-18.05
Short Term Liquidity
Current Ratio	19.41	37.19	23.26	26.35	18.09
Quick Ratio	19.41	37.19	23.26	26.35	18.09
Operating Cash Flow to Current Liabilities	-0	-6.79	-2.96	-3.85	-3.16
Long Term Solvency
Total Liabilities / Total Assets	5.15	2.69	4.3	3.78	5.51
Net Debt / EBITDA	-	-	-	8.68	6.34
Net Debt / (EBITDA - Capex)	-	-	-	8.19	6.34
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	-	-	-	-	16.47
EBITA, 1 Yr. Growth %	-	241.42	-55.73	13.55	16.92
EBIT, 1 Yr. Growth %	-	241.42	-55.73	13.55	16.92
Earnings From Cont. Operations, 1 Yr. Growth %	-	272.64	-53.8	27.67	7.13
Net Income, 1 Yr. Growth %	-	272.64	-53.8	27.67	7.13
Normalized Net Income, 1 Yr. Growth %	-	272.63	-53.8	27.67	7.13
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-78.61	-33.73	7.12
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	-	-	-42.84
Total Assets, 1 Yr. Growth %	-	114.46	-11.3	20.22	-15.03
Tangible Book Value, 1 Yr. Growth %	-	120.03	-12.77	20.88	-16.56
Common Equity, 1 Yr. Growth %	-	120.03	-12.77	20.88	-16.56
Cash From Operations, 1 Yr. Growth %	-	2L	-38.14	37.06	1.92
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-15.84	42.32	-3.2
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-15.84	42.32	-3.2
Compound Annual Growth Rate Over Two Years
EBITA, 2 Yr. CAGR %	-	-	22.94	-29.06	15.22
EBIT, 2 Yr. CAGR %	-	-	22.94	-29.06	15.22
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	31.21	-23.2	16.95
Net Income, 2 Yr. CAGR %	-	-	31.21	-23.2	16.95
Normalized Net Income, 2 Yr. CAGR %	-	-	31.2	-23.2	16.95
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-62.35	-15.74
Total Assets, 2 Yr. CAGR %	-	-	37.93	3.27	1.07
Tangible Book Value, 2 Yr. CAGR %	-	-	38.54	2.69	0.43
Common Equity, 2 Yr. CAGR %	-	-	38.54	2.69	0.43
Cash From Operations, 2 Yr. CAGR %	-	-	3.46T	-7.92	18.19
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	9.51	17.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	9.51	17.37
Compound Annual Growth Rate Over Three Years
EBITA, 3 Yr. CAGR %	-	-	-	19.77	-16.21
EBIT, 3 Yr. CAGR %	-	-	-	19.77	-16.21
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	30.02	-14.19
Net Income, 3 Yr. CAGR %	-	-	-	30.02	-14.19
Normalized Net Income, 3 Yr. CAGR %	-	-	-	30.02	-14.19
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-	-46.65
Total Assets, 3 Yr. CAGR %	-	-	-	31.75	-3.23
Tangible Book Value, 3 Yr. CAGR %	-	-	-	32.39	-4.17
Common Equity, 3 Yr. CAGR %	-	-	-	32.39	-4.17
Cash From Operations, 3 Yr. CAGR %	-	-	-	1.1T	-4.75
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	5.09
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	5.09