Income Statement Canada Rare Earth Corp.

Stocks

LL

CA1352081063

Non-Gold Precious Metals & Minerals

Delayed Toronto S.E. 09:30:00 21/01/2026 pm IST			5-day change	1st Jan Change
0.0200 ^CAD	-.--%		+33.33%	-

01/04	Canada Rare Earth Corp. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2025	CI
28/11	Canada Rare Earth Corp. Reports Earnings Results for the First Quarter Ended September 30, 2025	CI

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Published financial data: CANADA RARE EARTH CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Revenues	12.76L	4L	53.76L	12.77L	17.58L
Total Revenues	12.76L	4L	53.76L	12.77L	17.58L
Cost of Goods Sold, Total	10.23L	4L	40.79L	10L	14.79L
Gross Profit	3L	42.08T	12.96L	3L	3L
Selling General & Admin Expenses, Total	8L	7L	9L	13.25L	13.45L
Provision for Bad Debts	-	-	-	-	4L
Stock-Based Compensation (IS)	3L	3L	3L	1L	37.89T
Depreciation & Amortization - (IS)	38.7T	56.31T	70.07T	73.01T	73.01T
Impairment of Oil, Gas & Mineral Properties - (IS)	9.78T	-	-	-	-
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	11.26L	10.92L	12.34L	15.29L	18.45L
Operating Income	-9L	-10.5L	62.41T	-12.36L	-15.66L
Interest Expense, Total	-2.31T	-30.68T	-1L	-57.04T	-1L
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-2.31T	-30.68T	-1L	-57.04T	-1L
Income (Loss) On Equity Invest.	-2.95T	-4.52T	-21.9T	-13.32T	-4.88T
Currency Exchange Gains (Loss)	-3.31T	20.41T	47.55T	3.38T	8.5T
Other Non Operating Income (Expenses)	2L	50.82T	2L	56.26T	63.98T
EBT, Excl. Unusual Items	-7L	-10.14L	2L	-12.47L	-16.14L
Gain (Loss) On Sale Of Investments	-	-	-	-	-9L
Gain (Loss) On Sale Of Assets	-	-	-1.57T	-	-
Asset Writedown	-	-15.34T	-	-11.38T	-
Other Unusual Items	-	-	-	-15.16T	-
EBT, Incl. Unusual Items	-7L	-10.29L	2L	-12.74L	-25.2L
Earnings From Continuing Operations	-7L	-10.29L	2L	-12.74L	-25.2L
Net Income to Company	-7L	-10.29L	2L	-12.74L	-25.2L
Net Income - (IS)	-7L	-10.29L	2L	-12.74L	-25.2L
Net Income to Common Incl Extra Items	-7L	-10.29L	2L	-12.74L	-25.2L
Net Income to Common Excl. Extra Items	-7L	-10.29L	2L	-12.74L	-25.2L
Per Share Items
Net EPS - Basic	-0	-0.01	0	-0.01	-0.01
Basic EPS - Continuing Operations	-0	-0.01	0	-0.01	-0.01
Basic Weighted Average Shares Outstanding	20Cr	20Cr	21Cr	21Cr	21Cr
Net EPS - Diluted	-0	-0.01	0	-0.01	-0.01
Diluted EPS - Continuing Operations	-0	-0.01	0	-0.01	-0.01
Diluted Weighted Average Shares Outstanding	20Cr	20Cr	21Cr	21Cr	21Cr
Normalized Basic EPS	-0	-0	0	-0	-0
Normalized Diluted EPS	-0	-0	0	-0	-0
Supplemental Items
EBITDA	-8L	-10.29L	95.1T	-12L	-15.52L
EBITA	-9L	-10.34L	89.08T	-12.1L	-15.61L
EBIT	-9L	-10.5L	62.41T	-12.36L	-15.66L
EBITDAR	-9L	-10L	1L	-	-
Normalized Net Income	-4L	-6L	1L	-8L	-10.09L
Interest on Long-Term Debt	2.31T	-	-	25.09T	12.45T
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	8L	7L	9L	13.25L	13.45L
Net Rental Expense, Total	-19.58T	50.82T	51.1T	-	-
Imputed Operating Lease Interest Expense	-16.69T	30.69T	41.15T	-	-
Imputed Operating Lease Depreciation	-2.88T	20.13T	9.95T	-	-
Stock-Based Comp., Other (Total)	3L	3L	3L	1L	37.89T
Total Stock-Based Compensation	3L	3L	3L	1L	37.89T

Fiscal Period: June	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	33.84T	76.98T	2L	5L	4L
Total Cash And Short Term Investments	33.84T	76.98T	2L	5L	4L
Accounts Receivable, Total	-	3L	6L	4L	0
Other Receivables	5.36T	3.46T	9T	22.48T	33.27T
Total Receivables	5.36T	3L	6L	4L	33.27T
Inventory	-	59.67T	5L	12.68L	-
Prepaid Expenses	35.3T	13.63T	11.68T	9.65T	20.06T
Other Current Assets, Total	3L	-	-	-	-
Total Current Assets	4L	5L	12.6L	21.76L	4L
Gross Property Plant And Equipment	72.63T	3L	3L	4L	4L
Accumulated Depreciation	-1.64T	-7.07T	-13.09T	-2L	-3L
Net Property Plant And Equipment	71T	3L	3L	2L	1L
Long-term Investments	2L	3L	7L	9L	-
Other Intangibles, Total	1	64.44T	37.78T	4.44T	0
Loans Receivable Long-Term	1	1	1	-	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	6L	11.96L	22.75L	32.83L	5L
Liabilities
Accounts Payable, Total	1L	1L	6L	5L	4L
Accrued Expenses, Total	5L	6L	-	3L	12.56L
Short-term Borrowings	-	5L	10.18L	2L	5L
Current Portion of Long-Term Debt	-	-	-	1L	3L
Current Portion of Leases	3.26T	49.44T	57.98T	71.39T	79.25T
Unearned Revenue Current, Total	-	-	-	17.61L	-
Other Current Liabilities	-	-	-	1L	7L
Total Current Liabilities	7L	13.78L	16.66L	31.84L	31.29L
Long-Term Debt	-	-	-	6L	10L
Long-Term Leases	-	2L	2L	79.25T	-
Other Non Current Liabilities	1L	1L	4L	9L	4L
Total Liabilities	8L	17.28L	22.69L	47.04L	44.48L
Common Stock, Total	1.7Cr	1.75Cr	1.76Cr	1.76Cr	1.76Cr
Retained Earnings	-2.57Cr	-2.68Cr	-2.66Cr	-2.82Cr	-3.07Cr
Comprehensive Income and Other	85.27L	87.71L	90.31L	91.46L	91.84L
Total Common Equity	-2L	-5L	6.13T	-14.21L	-39.03L
Total Equity	-2L	-5L	6.13T	-14.21L	-39.03L
Total Liabilities And Equity	6L	11.96L	22.75L	32.83L	5L
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20Cr	21Cr	21Cr	21Cr	21Cr
ECS Total Common Shares Outstanding	20Cr	21Cr	21Cr	21Cr	21Cr
Book Value / Share	-0	-0	0	-0.01	-0.02
Tangible Book Value	-2L	-6L	-31.65T	-14.25L	-39.03L
Tangible Book Value Per Share	-0	-0	-0	-0.01	-0.02
Total Debt	3.26T	8L	12.42L	10.44L	17.52L
Net Debt	-30.57T	7L	10.21L	6L	13.79L
Debt Equivalent Oper. Leases	-2L	4L	4L	-	-
Equity Method Investments, Total	2L	3L	7L	9L	-
Account Code - Inventory Valuation	3	3	-	3	3
Machinery, Total	-	2.99T	2.99T	2.99T	2.99T
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	3L

Fiscal Period: June	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-7L	-10.29L	2L	-12.74L	-25.2L
Depreciation & Amortization - CF	38.7T	56.31T	69.73T	73.01T	73.01T
Amortization of Goodwill and Intangible Assets - (CF)	19.9T	15.56T	26.67T	26.67T	4.44T
Impairment of Oil, Gas & Mineral Properties - (CF)	9.78T	-	-	-	-
Depreciation & Amortization, Total	68.38T	71.87T	96.4T	99.67T	77.45T
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	9L
Asset Writedown & Restructuring Costs	-	15.34T	-	11.38T	-
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	2.95T	4.52T	21.9T	13.32T	4.88T
Stock-Based Compensation (CF)	3L	3L	3L	1L	37.89T
Provision and Write-off of Bad Debts	-	-	-	-	4L
Other Operating Activities, Total	-1L	22.87T	88.23T	1L	1L
Change In Accounts Receivable	68.18T	-3L	-2L	1L	-17.65T
Change In Inventories	-	-	-	-33.08T	-
Change In Accounts Payable	3L	4L	1L	7L	7L
Change in Unearned Revenues	-	-	-	14.08L	-17.61L
Change in Other Net Operating Assets	-907	2L	-4L	-7L	12.57L
Cash from Operations	-74T	-3L	1L	6L	-8L
Capital Expenditure	-79.32T	-2.99T	-46.97T	-	-
Sale of Property, Plant, and Equipment	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-2L	-4L	-2L	-4.84T
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-79.32T	-2L	-4L	-2L	-4.84T
Short Term Debt Issued, Total	-	5L	16.47L	1L	2L
Long-Term Debt Issued, Total	-	-	-	10.31L	9L
Total Debt Issued	-	5L	16.47L	9L	11.29L
Short Term Debt Repaid, Total	-	-	-12.12L	-28.47T	-
Long-Term Debt Repaid, Total	-36.84T	-60.15T	-75.85T	-13.3L	-4L
Total Debt Repaid	-36.84T	-60.15T	-12.88L	-10.87L	-4L
Issuance of Common Stock	30T	59.25T	1L	-	-
Other Financing Activities, Total	-	-1.9T	-54.61T	-40.02T	-10.87T
Cash from Financing	-6.84T	5L	4L	-2L	7L
Foreign Exchange Rate Adjustments	-10.27T	6.31T	38.8T	-	-
Net Change in Cash	-2L	43.14T	1L	2L	-1L
Supplemental Items
Cash Interest Paid	-	1.9T	53.27T	40.02T	10.87T
Levered Free Cash Flow	-9L	-2L	-6L	-	3L
Unlevered Free Cash Flow	-9L	-2L	-5L	-	3L
Change In Net Working Capital	6L	-62.29T	8L	-	-11.98L
Net Debt Issued / Repaid	-36.84T	5L	4L	-2L	7L

Fiscal Period: June	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-51.43	-72.97	2.25	-	-51.13
Return on Total Capital	586.61	-1.35T	5.11	-	77.45
Return On Equity %	582.15	287.62	-65.12	-	94.67
Return on Common Equity	582.15	287.62	-65.12	-	94.67
Margin Analysis
Gross Profit Margin %	19.8	10.25	24.12	22.89	15.87
SG&A Margin	61.05	173.23	16.78	103.79	76.51
EBITDA Margin %	-66.01	-250.79	1.77	-94	-88.3
EBITA Margin %	-66.91	-252.11	1.66	-94.73	-88.83
EBIT Margin %	-68.47	-255.91	1.16	-96.81	-89.08
Income From Continuing Operations Margin %	-52.36	-250.86	3.19	-99.73	-143.35
Net Income Margin %	-52.36	-250.86	3.19	-99.73	-143.35
Net Avail. For Common Margin %	-52.36	-250.86	3.19	-99.73	-143.35
Normalized Net Income Margin	-32.73	-154.45	2.01	-61.03	-57.38
Levered Free Cash Flow Margin	-69.25	-53.44	-10.31	-	14.93
Unlevered Free Cash Flow Margin	-69.14	-48.76	-9.11	-	19.03
Asset Turnover
Asset Turnover	1.2	0.46	3.1	-	0.92
Fixed Assets Turnover	2.63	2.09	17.37	-	11.26
Receivables Turnover (Average Receivables)	-	-	12.08	-	9.1
Inventory Turnover (Average Inventory)	-	2.12	15.91	-	-
Short Term Liquidity
Current Ratio	0.55	0.35	0.76	0.68	0.14
Quick Ratio	0.06	0.29	0.48	0.28	0.13
Operating Cash Flow to Current Liabilities	-0.11	-0.23	0.07	0.19	-0.26
Days Sales Outstanding (Average Receivables)	-	-	30.21	-	40.12
Days Outstanding Inventory (Average Inventory)	-	172.45	22.94	-	-
Average Days Payable Outstanding	76.99	367.7	56.45	-	-
Cash Conversion Cycle (Average Days)	-	-	-3.3	-	-
Long Term Solvency
Total Debt/Equity	-1.78	-152.11	20.26T	-73.49	-44.89
Total Debt / Total Capital	-1.81	291.92	99.51	-277.25	-81.45
LT Debt/Equity	-	-42.16	2.71T	-45.02	-24.8
Long-Term Debt / Total Capital	-	80.91	13.33	-169.86	-45
Total Liabilities / Total Assets	130.43	144.51	99.73	143.28	815.19
EBIT / Interest Expense	-377.96	-34.22	0.6	-21.67	-13.57
EBITDA / Interest Expense	-348.37	-31.88	1.54	-19.93	-12.9
(EBITDA - Capex) / Interest Expense	-382.7	-31.98	1.08	-19.93	-12.9
Total Debt / EBITDA	-0	-0.83	7.82	-0.92	-1.18
Net Debt / EBITDA	0.04	-0.75	6.43	-0.49	-0.93
Total Debt / (EBITDA - Capex)	-0	-0.83	11.11	-0.92	-1.18
Net Debt / (EBITDA - Capex)	0.03	-0.75	9.13	-0.49	-0.93
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	113.62	-67.84	1.21T	-	37.65
Gross Profit, 1 Yr. Growth %	72	-83.34	2.98T	-	-4.57
EBITDA, 1 Yr. Growth %	-2.14	22.18	-109.24	-	29.31
EBITA, 1 Yr. Growth %	-1.92	21.19	-108.61	-	29.08
EBIT, 1 Yr. Growth %	-6.07	20.21	-105.94	-	26.66
Earnings From Cont. Operations, 1 Yr. Growth %	-0.94	54.08	-116.64	-	97.85
Net Income, 1 Yr. Growth %	-0.94	54.08	-116.64	-	97.85
Normalized Net Income, 1 Yr. Growth %	-0.94	51.79	-117.05	-	29.4
Diluted EPS Before Extra, 1 Yr. Growth %	-7.1	50.96	-116.19	-	97.1
Accounts Receivable, 1 Yr. Growth %	-	-	74.03	-	-100
Inventory, 1 Yr. Growth %	-	-79.3	659.41	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-92.11	352	-7.09	-	-37.9
Total Assets, 1 Yr. Growth %	-60.31	98.23	90.28	-	-83.38
Tangible Book Value, 1 Yr. Growth %	178.71	225.06	-94.7	-	173.84
Common Equity, 1 Yr. Growth %	299.39	189.95	-101.15	-	174.7
Cash From Operations, 1 Yr. Growth %	-45.78	335.03	-134.41	-	-231.55
Capital Expenditures, 1 Yr. Growth %	-89.91	-96.23	1.47T	-	-
Levered Free Cash Flow, 1 Yr. Growth %	115.16	-75.18	152.89	-	-
Unlevered Free Cash Flow, 1 Yr. Growth %	141.56	-77.32	144.88	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.55	-17.11	105.27	-	-
Gross Profit, 2 Yr. CAGR %	839.78	-46.47	126.55	-	-
EBITDA, 2 Yr. CAGR %	-2.95	9.35	-66.4	-	-
EBITA, 2 Yr. CAGR %	-2.81	9.03	-67.7	-	-
EBIT, 2 Yr. CAGR %	-4.78	6.26	-73.27	-	-
Earnings From Cont. Operations, 2 Yr. CAGR %	-8.12	23.54	-49.37	-	-
Net Income, 2 Yr. CAGR %	-8.12	23.54	-49.37	-	-
Normalized Net Income, 2 Yr. CAGR %	-23.25	22.62	-49.13	-	-
Diluted EPS Before Extra, 2 Yr. CAGR %	-14.87	18.42	-50.56	-	-
Accounts Receivable, 2 Yr. CAGR %	-	118.24	-	-	-
Inventory, 2 Yr. CAGR %	-	-	25.37	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-40.27	104.92	-	-
Total Assets, 2 Yr. CAGR %	-26.23	-11.31	94.21	-	-
Tangible Book Value, 2 Yr. CAGR %	-56.31	201	-58.48	-	-
Common Equity, 2 Yr. CAGR %	-54.39	240.3	-81.72	-	-
Cash From Operations, 2 Yr. CAGR %	-72.31	53.58	22.35	-	-
Capital Expenditures, 2 Yr. CAGR %	186.98	-93.83	-23.05	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-24.11	-26.93	-20.78	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-14.38	-25.98	-25.47	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-10.11	-27.64	108.02	-	-
Gross Profit, 3 Yr. CAGR %	33.1	145.03	106.67	-	-
EBITDA, 3 Yr. CAGR %	-3.46	4.8	-52.01	-	-
EBITA, 3 Yr. CAGR %	-3.36	4.61	-53.22	-	-
EBIT, 3 Yr. CAGR %	-4.58	2.91	-59.36	-	-
Earnings From Cont. Operations, 3 Yr. CAGR %	-38.04	9.16	-36.67	-	-
Net Income, 3 Yr. CAGR %	-38.04	9.16	-36.67	-	-
Normalized Net Income, 3 Yr. CAGR %	-17.56	-3.66	-36.48	-	-
Diluted EPS Before Extra, 3 Yr. CAGR %	-41.67	3.04	-38.99	-	-
Accounts Receivable, 3 Yr. CAGR %	-	-2.13	102.38	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-30.79	-	-
Total Assets, 3 Yr. CAGR %	-32.74	2.56	14.39	-	-
Tangible Book Value, 3 Yr. CAGR %	-41.49	-14.71	-21.67	-	-
Common Equity, 3 Yr. CAGR %	-38.18	-15.5	-48.91	-	-
Cash From Operations, 3 Yr. CAGR %	9.43	-30.65	-6.72	-	-
Capital Expenditures, 3 Yr. CAGR %	101.94	-32.26	-60.91	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	10.93	-47.71	10.53	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.24	-45.01	10.3	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	69.06	20.63	25.07	-	-
Gross Profit, 5 Yr. CAGR %	50.83	-1.85	64.65	-	-
EBITDA, 5 Yr. CAGR %	3.44	24.61	-36.7	-	-
EBITA, 5 Yr. CAGR %	-19.67	24.05	-37.65	-	-
EBIT, 5 Yr. CAGR %	-19.29	23.07	-42.64	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-20.73	26.66	-42.84	-	-
Net Income, 5 Yr. CAGR %	-20.73	26.66	-42.84	-	-
Normalized Net Income, 5 Yr. CAGR %	-23.79	25.81	-32.04	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-24.66	21.66	-45.4	-	-
Accounts Receivable, 5 Yr. CAGR %	-	39.07	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	-
Total Assets, 5 Yr. CAGR %	-22.74	-11.44	2.8	-	-
Tangible Book Value, 5 Yr. CAGR %	-37.29	-18.33	-48.99	-	-
Common Equity, 5 Yr. CAGR %	-38.95	-22.39	-62.03	-	-
Cash From Operations, 5 Yr. CAGR %	-29.6	-5.75	14.43	-	-
Capital Expenditures, 5 Yr. CAGR %	49.5	-20.84	37.28	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	14.58	-5.43	-3.04	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	14.54	-7.14	-7.81	-	-