Income Statement Carolina Rush Corporation

Stocks

RUSH

CA14416W1086

Diversified Mining

Market Closed - Toronto S.E. 01:24:49 03/09/2026 am IST			5-day change	1st Jan Change
0.1750 ^CAD	+6.06%		+45.83%	+29.63%

21/08	Carolina Rush Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
12/08	Carolina Rush Improves Commercial Terms of Brewer Option Agreement with Government	CI

644669a03.yH914rPlG6tji--2_qCvLAQlIgL6baU01FI-j64er-c.oBISr8KKIsIkyoTVuOrZWmxHVzeyGe0B5QJ07fsp-Lj-Dz-E0bRi6FXytg

Published financial data: CAROLINA RUSH CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Revenues	-	1.93T	2.03T	-	-
Total Revenues	-	1.93T	2.03T	-	-
Gross Profit	-	1.93T	2.03T	-	-
Selling General & Admin Expenses, Total	15.66L	8L	9L	10L	9L
Exploration / Drilling Costs, Total	23.27L	14.46L	8L	17.32L	6L
Stock-Based Compensation (IS)	4L	24.89T	2L	9.2T	-
Other Operating Expenses	-	-	-	-	-60T
Other Operating Expenses, Total	43.19L	23.16L	20.17L	26.99L	14.97L
Operating Income	-43.19L	-23.14L	-20.15L	-26.99L	-14.97L
Interest Expense, Total	-	-1T	-2.8T	-	-
Interest And Investment Income	2.9T	-	3T	48.85T	7.39T
Net Interest Expenses	2.9T	-1T	200	48.85T	7.39T
Currency Exchange Gains (Loss)	-31.7T	-4.98T	9.99T	-35.5T	18.2T
Other Non Operating Income (Expenses)	-	-	-	3.86T	2.4T
EBT, Excl. Unusual Items	-43.48L	-23.2L	-20.05L	-26.82L	-14.69L
Gain (Loss) On Sale Of Investments	-	-18.26T	-12.7T	-6.35T	-
Other Unusual Items	15.45T	-	25.64T	-	-
EBT, Incl. Unusual Items	-43.32L	-23.38L	-19.92L	-26.88L	-14.69L
Earnings From Continuing Operations	-43.32L	-23.38L	-19.92L	-26.88L	-14.69L
Net Income to Company	-43.32L	-23.38L	-19.92L	-26.88L	-14.69L
Net Income - (IS)	-43.32L	-23.38L	-19.92L	-26.88L	-14.69L
Net Income to Common Incl Extra Items	-43.32L	-23.38L	-19.92L	-26.88L	-14.69L
Net Income to Common Excl. Extra Items	-43.32L	-23.38L	-19.92L	-26.88L	-14.69L
Per Share Items
Net EPS - Basic	-0.17	-0.09	-0.06	-0.05	-0.02
Basic EPS - Continuing Operations	-0.17	-0.09	-0.06	-0.05	-0.02
Basic Weighted Average Shares Outstanding	2.48Cr	2.68Cr	3.33Cr	5.49Cr	6.14Cr
Net EPS - Diluted	-0.17	-0.09	-0.06	-0.05	-0.02
Diluted EPS - Continuing Operations	-0.17	-0.09	-0.06	-0.05	-0.02
Diluted Weighted Average Shares Outstanding	2.48Cr	2.68Cr	3.33Cr	5.49Cr	6.14Cr
Normalized Basic EPS	-0.11	-0.05	-0.04	-0.03	-0.01
Normalized Diluted EPS	-0.11	-0.05	-0.04	-0.03	-0.01
Supplemental Items
EBITA	-43.19L	-23.14L	-20.15L	-26.99L	-14.97L
EBIT	-43.19L	-23.14L	-20.15L	-26.99L	-14.97L
Total Revenues (As Reported)	-	-	-	-	-
Normalized Net Income	-27.17L	-14.5L	-12.53L	-16.76L	-9L
Supplemental Operating Expense Items
General and Administrative Expenses	15.66L	8L	9L	10L	9L
Exploration/Drilling Costs	21.14L	14.46L	8L	17.32L	6L
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Compensation - Exploration Costs / Drilling Costs, Total	2L	-	-	-	-
Stock-Based Comp., Other (Total)	4L	24.89T	2L	9.2T	-
Total Stock-Based Compensation	6L	24.89T	2L	9.2T	-

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	9L	3L	10.43L	9L	27.64L
Short Term Investments	-	-	-	12.7T	12.7T
Total Cash And Short Term Investments	9L	3L	10.43L	10L	27.77L
Accounts Receivable, Total	-	1.93T	-	2.27T	2.4T
Other Receivables	16.79T	10.96T	8.1T	7.52T	15.38T
Total Receivables	16.79T	12.88T	8.1T	9.79T	17.78T
Prepaid Expenses	2L	42.06T	52.06T	49.72T	57.29T
Restricted Cash	-	-	-	-	2L
Other Current Assets, Total	-	-	-	2L	1L
Total Current Assets	10.98L	3L	11.03L	12.33L	31.77L
Long-term Investments	50T	31.75T	19.05T	-	-
Total Assets	11.48L	4L	11.22L	12.33L	31.77L
Liabilities
Accounts Payable, Total	2L	1L	2L	35.96T	41.77T
Accrued Expenses, Total	2L	2L	5L	7L	7L
Short-term Borrowings	-	-	-	-	-
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	-	1L	1L	-	-
Total Current Liabilities	4L	5L	8L	8L	7L
Total Liabilities	4L	5L	8L	8L	7L
Common Stock, Total	2.55Cr	2.65Cr	2.79Cr	2.95Cr	3.21Cr
Additional Paid In Capital	54.84L	56.11L	68.34L	73.2L	88.79L
Retained Earnings	-3.28Cr	-3.52Cr	-3.72Cr	-3.99Cr	-4.13Cr
Comprehensive Income and Other	25.78L	29.42L	27.74L	35.44L	27.79L
Total Common Equity	8L	-1L	3L	5L	24.42L
Total Equity	8L	-1L	3L	5L	24.42L
Total Liabilities And Equity	11.48L	4L	11.22L	12.33L	31.77L
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.54Cr	2.74Cr	5.9Cr	5.9Cr	9.08Cr
ECS Total Common Shares Outstanding	2.54Cr	2.74Cr	4.29Cr	5.9Cr	9.08Cr
Book Value / Share	0.03	-0	0.01	0.01	0.03
Tangible Book Value	8L	-1L	3L	5L	24.42L
Tangible Book Value Per Share	0.03	-0	0.01	0.01	0.03
Total Debt	0	0	0	0	0
Net Debt	-9L	-3L	-10.43L	-10L	-27.77L
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-43.32L	-23.38L	-19.92L	-26.88L	-14.69L
(Gain) Loss on Sale of Investments - (CF)	-	18.26T	12.7T	6.35T	-
Stock-Based Compensation (CF)	4L	24.89T	2L	9.2T	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	1L	4.34T	-31.85T	18.5T	-18.08T
Change In Accounts Receivable	-	-1.93T	1.93T	-2.27T	-131
Change In Accounts Payable	-98.99T	38.54T	4L	24.42T	-1L
Change in Other Net Operating Assets	2L	1L	18.36T	-3L	2L
Cash from Operations	-36.34L	-21.05L	-13.37L	-29.54L	-14.13L
Short Term Debt Issued, Total	-	1L	1L	-	-
Total Debt Issued	-	1L	1L	-	-
Short Term Debt Repaid, Total	-	-1L	-1L	-	-
Total Debt Repaid	-	-1L	-1L	-	-
Issuance of Common Stock	9L	16.36L	22.36L	32.27L	34.98L
Other Financing Activities, Total	-	-2L	-1L	-4L	-50.2T
Cash from Financing	9L	14.43L	21.25L	28.48L	34.48L
Foreign Exchange Rate Adjustments	-843	7.6T	-10.74T	7.97T	-9.52T
Net Change in Cash	-27.27L	-7L	8L	-97.59T	20.25L
Supplemental Items
Cash Interest Paid	-	1T	2.8T	-	-
Levered Free Cash Flow	-19.36L	-12.24L	-7L	-19.51L	-10.95L
Unlevered Free Cash Flow	-19.36L	-12.23L	-7L	-19.51L	-10.95L
Change In Net Working Capital	-1L	-2L	-4L	3L	2L
Net Debt Issued / Repaid	-	0	0	-	-

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-103.94	-192.9	-170.97	-143.25	-42.42
Return on Total Capital	-125.36	-455	-1.43T	-446.1	-64.42
Return On Equity %	-206.13	-735.62	-2.26T	-710.89	-101.14
Return on Common Equity	-206.13	-735.62	-2.26T	-710.89	-101.14
Margin Analysis
Gross Profit Margin %	-	100	100	-	-
SG&A Margin	-	43.83T	46.55T	-	-
EBITA Margin %	-	-1L	-99.42T	-	-
EBIT Margin %	-	-1L	-99.42T	-	-
Income From Continuing Operations Margin %	-	-1L	-98.28T	-	-
Net Income Margin %	-	-1L	-98.28T	-	-
Net Avail. For Common Margin %	-	-1L	-98.28T	-	-
Normalized Net Income Margin	-	-75.2T	-61.82T	-	-
Levered Free Cash Flow Margin	-	-63.49T	-32.59T	-	-
Unlevered Free Cash Flow Margin	-	-63.46T	-32.5T	-	-
Asset Turnover
Asset Turnover	-	0	0	-	-
Receivables Turnover (Average Receivables)	-	-	-	-	-
Short Term Liquidity
Current Ratio	2.78	0.68	1.33	1.6	4.32
Quick Ratio	2.37	0.59	1.27	1.26	3.8
Operating Cash Flow to Current Liabilities	-9.19	-4.49	-1.61	-3.83	-1.92
Days Sales Outstanding (Average Receivables)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	-	-	-	-	-
Total Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	34.43	133.27	73.84	62.47	23.16
EBIT / Interest Expense	-	-2.31T	-719.72	-	-
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	5.13	-	-
Gross Profit, 1 Yr. Growth %	-	-	5.13	-	-
EBITA, 1 Yr. Growth %	49.92	-46.43	-12.9	33.8	-44.54
EBIT, 1 Yr. Growth %	49.92	-46.43	-12.9	33.8	-44.54
Earnings From Cont. Operations, 1 Yr. Growth %	43.15	-46.04	-14.79	34.94	-45.36
Net Income, 1 Yr. Growth %	43.15	-46.04	-14.79	34.94	-45.36
Normalized Net Income, 1 Yr. Growth %	44.09	-46.65	-13.56	33.75	-45.23
Diluted EPS Before Extra, 1 Yr. Growth %	24.96	-50.08	-31.49	-18.1	-51.17
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	5.77
Total Assets, 1 Yr. Growth %	-71.64	-69.38	219.22	9.92	157.66
Tangible Book Value, 1 Yr. Growth %	-78.19	-115.54	-350.96	57.68	427.62
Common Equity, 1 Yr. Growth %	-78.19	-115.54	-350.96	57.68	427.62
Cash From Operations, 1 Yr. Growth %	61.15	-42.08	-36.49	120.98	-52.15
Levered Free Cash Flow, 1 Yr. Growth %	65.52	-36.77	-46.04	194.76	-43.86
Unlevered Free Cash Flow, 1 Yr. Growth %	65.52	-36.81	-46.15	195.54	-43.86
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-28.17	-	-	-
Gross Profit, 2 Yr. CAGR %	-	-28.17	-	-	-
EBITA, 2 Yr. CAGR %	39.72	-10.38	-31.69	8.01	-13.86
EBIT, 2 Yr. CAGR %	39.72	-10.38	-31.69	8.01	-13.86
Earnings From Cont. Operations, 2 Yr. CAGR %	56.7	-12.11	-32.19	7.23	-14.13
Net Income, 2 Yr. CAGR %	56.7	-12.11	-32.19	7.23	-14.13
Normalized Net Income, 2 Yr. CAGR %	56.98	-12.32	-32.09	7.52	-14.41
Diluted EPS Before Extra, 2 Yr. CAGR %	29.17	-21.02	-41.52	-25.09	-36.76
Accounts Receivable, 2 Yr. CAGR %	-	-	-	8.51	-
Total Assets, 2 Yr. CAGR %	96.04	-70.53	-1.13	87.31	68.29
Tangible Book Value, 2 Yr. CAGR %	460.04	-81.59	-37.55	98.92	188.43
Common Equity, 2 Yr. CAGR %	460.04	-81.59	-37.55	98.92	188.43
Cash From Operations, 2 Yr. CAGR %	32.13	-3.39	-39.35	18.47	2.83
Levered Free Cash Flow, 2 Yr. CAGR %	6.7	2.3	-41.59	26.24	28.63
Unlevered Free Cash Flow, 2 Yr. CAGR %	6.82	2.27	-41.67	26.27	28.8
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-31.14	-18.45	-	-
Gross Profit, 3 Yr. CAGR %	-	-31.14	-18.45	-	-
EBITA, 3 Yr. CAGR %	27.82	1.5	-11.23	-14.51	-13.51
EBIT, 3 Yr. CAGR %	27.82	1.5	-11.23	-14.51	-13.51
Earnings From Cont. Operations, 3 Yr. CAGR %	27.83	9.84	-13.01	-14.71	-14.35
Net Income, 3 Yr. CAGR %	27.83	9.84	-13.01	-14.71	-14.35
Normalized Net Income, 3 Yr. CAGR %	27.98	9.55	-12.74	-14.88	-14.13
Diluted EPS Before Extra, 3 Yr. CAGR %	3.72	-5.91	-24.68	-34.57	-35.05
Accounts Receivable, 3 Yr. CAGR %	-	-31.4	-	-	7.59
Total Assets, 3 Yr. CAGR %	-14.28	5.58	-34.79	2.42	108.32
Tangible Book Value, 3 Yr. CAGR %	-10.02	69.55	-56.02	-14.96	175.36
Common Equity, 3 Yr. CAGR %	-10.02	69.55	-56.02	-14.96	175.36
Cash From Operations, 3 Yr. CAGR %	24.38	0.37	-16	-6.67	-12.43
Levered Free Cash Flow, 3 Yr. CAGR %	38.76	-10.38	-17.34	0.25	-3.64
Unlevered Free Cash Flow, 3 Yr. CAGR %	38.76	-10.33	-17.41	0.25	-3.63
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-38.42	-24.17	-	-
Gross Profit, 5 Yr. CAGR %	-	-38.42	-24.17	-	-
EBITA, 5 Yr. CAGR %	21.03	17.98	-0.52	4.06	-12.27
EBIT, 5 Yr. CAGR %	21.03	17.98	-0.52	4.06	-12.27
Earnings From Cont. Operations, 5 Yr. CAGR %	21.63	18.38	-0.81	8.79	-13.46
Net Income, 5 Yr. CAGR %	21.63	18.38	-0.81	8.79	-13.46
Normalized Net Income, 5 Yr. CAGR %	21.15	18.2	-0.68	8.73	-13.41
Diluted EPS Before Extra, 5 Yr. CAGR %	-1.07	-2.84	-17.53	-14.11	-29.77
Accounts Receivable, 5 Yr. CAGR %	-	-38.55	-	-17.59	-
Total Assets, 5 Yr. CAGR %	10.21	30.42	-9.25	32.79	-4.72
Tangible Book Value, 5 Yr. CAGR %	12.14	-20.56	-22.25	80.74	-6.69
Common Equity, 5 Yr. CAGR %	12.14	-20.56	-22.25	80.74	-6.69
Cash From Operations, 5 Yr. CAGR %	31.53	21.2	-6.68	7.25	-8.92
Levered Free Cash Flow, 5 Yr. CAGR %	34.2	22.37	-1.83	2.79	-1.31
Unlevered Free Cash Flow, 5 Yr. CAGR %	34.2	22.36	-1.88	2.83	-1.31