Income Statement Comet Lithium Corporation

Stocks

CLIC

CA20036Y1016

Specialty Mining & Metals

Market Closed - Toronto S.E. 10:27:34 06/10/2026 pm IST			5-day change	1st Jan Change
0.3450 ^CAD	+1.47%		+4.55%	-1.43%

29/08	Comet Lithium Corporation Reports Earnings Results for the Half Year Ended June 30, 2026	CI
29/05	Azimut and NorthWest Copper Among Latest TSX Venture Cos To Adopt Semi-Annual Reporting	MT

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Published financial data: COMET LITHIUM CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Selling General & Admin Expenses, Total	7L	4L	8L	5L	4L
Exploration / Drilling Costs, Total	-	1.37T	16.7L	5L	-
Stock-Based Compensation (IS)	64.38T	-	7L	4L	3L
Depreciation & Amortization - (IS)	-	-	-	-	-
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	7L	1L	-
Other Operating Expenses, Total	7L	4L	39.35L	15.1L	7L
Operating Income	-7L	-4L	-39.35L	-15.1L	-7L
Interest And Investment Income	1.17T	5.17T	62.64T	67.71T	18.7T
Net Interest Expenses	1.17T	5.17T	62.64T	67.71T	18.7T
Other Non Operating Income (Expenses)	-38.43T	-50.42T	-68.81T	-51.23T	-42.66T
EBT, Excl. Unusual Items	-8L	-4L	-39.41L	-14.94L	-7L
Gain (Loss) On Sale Of Investments	-	-	-	-	40.5T
EBT, Incl. Unusual Items	-8L	-4L	-39.41L	-14.94L	-7L
Income Tax Expense	-37.28T	-1L	-5L	-5L	-3L
Earnings From Continuing Operations	-7L	-3L	-34.64L	-10.01L	-3L
Net Income to Company	-7L	-3L	-34.64L	-10.01L	-3L
Net Income - (IS)	-7L	-3L	-34.64L	-10.01L	-3L
Net Income to Common Incl Extra Items	-7L	-3L	-34.64L	-10.01L	-3L
Net Income to Common Excl. Extra Items	-7L	-3L	-34.64L	-10.01L	-3L
Per Share Items
Net EPS - Basic	-0.06	-0.02	-0.19	-0.04	-0.01
Basic EPS - Continuing Operations	-0.06	-0.02	-0.19	-0.04	-0.01
Basic Weighted Average Shares Outstanding	1.19Cr	1.42Cr	1.87Cr	2.56Cr	2.97Cr
Net EPS - Diluted	-0.06	-0.02	-0.19	-0.04	-0.01
Diluted EPS - Continuing Operations	-0.06	-0.02	-0.19	-0.04	-0.01
Diluted Weighted Average Shares Outstanding	1.19Cr	1.42Cr	1.87Cr	2.56Cr	2.97Cr
Normalized Basic EPS	-0.04	-0.02	-0.13	-0.04	-0.01
Normalized Diluted EPS	-0.04	-0.02	-0.13	-0.04	-0.01
Supplemental Items
EBITDA	-7L	-	-32.35L	-13.7L	-5L
EBITA	-7L	-4L	-39.35L	-15.1L	-7L
EBIT	-7L	-4L	-39.35L	-15.1L	-7L
EBITDAR	-7L	-	-32.17L	-13.4L	-5L
Effective Tax Rate - (Ratio)	4.93	23.16	12.12	32.99	49.38
Current Domestic Taxes	-	-	-	-	14.59T
Total Current Taxes	-	-	-	-	14.59T
Deferred Domestic Taxes	-37.28T	-1L	-5L	-5L	-3L
Total Deferred Taxes	-37.28T	-1L	-5L	-5L	-3L
Normalized Net Income	-5L	-3L	-24.63L	-9L	-4L
Supplemental Operating Expense Items
General and Administrative Expenses	5L	3L	7L	4L	3L
Exploration/Drilling Costs	-	1.37T	16.7L	5L	-
Net Rental Expense, Total	18T	18T	18T	30T	30T
Stock-Based Comp., Other (Total)	64.38T	-	7L	4L	3L
Total Stock-Based Compensation	64.38T	-	7L	4L	3L

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	7L	10.86L	24.56L	13.64L	2L
Short Term Investments	-	-	-	-	78.75T
Total Cash And Short Term Investments	7L	10.86L	24.56L	13.64L	2L
Other Receivables	94.67T	96.13T	5L	2L	66.1T
Total Receivables	94.67T	96.13T	5L	2L	66.1T
Prepaid Expenses	29.75T	4.71T	4.19T	30.34T	7.43T
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	8L	11.87L	29.99L	16.09L	3L
Gross Property Plant And Equipment	37.37L	45.07L	44.81L	54.95L	63.19L
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	37.37L	45.07L	44.81L	54.95L	63.19L
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	45.33L	56.94L	74.8L	71.04L	66.38L
Liabilities
Accounts Payable, Total	75.4T	5L	5L	2L	1L
Accrued Expenses, Total	-	-	-	-	-
Other Current Liabilities	1L	5L	5L	3L	-
Total Current Liabilities	2L	10L	10.1L	5L	1L
Total Liabilities	2L	10L	10.1L	5L	1L
Common Stock, Total	94.21L	1Cr	1.4Cr	1.49Cr	1.49Cr
Additional Paid In Capital	3.12Cr	3.2Cr	3.27Cr	3.32Cr	3.4Cr
Retained Earnings	-3.73Cr	-3.76Cr	-4.11Cr	-4.21Cr	-4.24Cr
Comprehensive Income and Other	10L	3L	8L	5L	-
Total Common Equity	43.55L	46.96L	64.71L	65.8L	65.13L
Total Equity	43.55L	46.96L	64.71L	65.8L	65.13L
Total Liabilities And Equity	45.33L	56.94L	74.8L	71.04L	66.38L
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.41Cr	1.84Cr	2.5Cr	2.69Cr	2.97Cr
ECS Total Common Shares Outstanding	1.41Cr	1.84Cr	2.48Cr	2.69Cr	2.97Cr
Book Value / Share	0.31	0.25	0.26	0.24	0.22
Tangible Book Value	43.55L	46.96L	64.71L	65.8L	65.13L
Tangible Book Value Per Share	0.31	0.25	0.26	0.24	0.22
Total Debt	0	0	0	0	0
Net Debt	-7L	-10.86L	-24.56L	-13.64L	-2L
Debt Equivalent Oper. Leases	1L	1L	1L	2L	2L
Account Code - Inventory Valuation	3	-	3	3	3
Machinery, Total	-	-	-	-	-

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-7L	-3L	-34.64L	-10.01L	-3L
Depreciation & Amortization - CF	-	-	-	-	-
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	7L	1L	-
Depreciation & Amortization, Total	-	-	7L	1L	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-40.5T
Stock-Based Compensation (CF)	64.38T	-	7L	4L	3L
Other Operating Activities, Total	-37.28T	-1L	11.63L	-59.3T	-3L
Change In Accounts Receivable	-	-	-25.06T	25.06T	-
Change In Accounts Payable	-11.99T	73.8T	3L	-2L	-55.48T
Change in Other Net Operating Assets	1L	-15.41T	-63.68T	-48.08T	1L
Cash from Operations	-6L	-4L	-7L	-8L	-4L
Capital Expenditure	-72.3T	-90.57T	-60.66T	-34.58T	-24.18T
Other Investing Activities, Total	-9L	-3L	-18.74L	-10L	-8L
Cash from Investing	-10L	-4L	-19.34L	-10.21L	-8L
Issuance of Common Stock	12.69L	12.48L	41.46L	8L	-
Other Financing Activities, Total	-1L	-98.95T	-2L	-63T	-20.5T
Cash from Financing	11.64L	11.5L	39.86L	8L	-20.5T
Net Change in Cash	-4L	4L	13.7L	-10.92L	-11.98L
Supplemental Items
Levered Free Cash Flow	-3L	5L	-15.14L	-7L	-4L
Unlevered Free Cash Flow	-3L	5L	-15.14L	-7L	-4L
Change In Net Working Capital	-1L	-8L	4L	2L	2L

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-10.51	-4.87	-37.34	-12.94	-6.08
Return on Total Capital	-10.95	-5.5	-44.05	-14.46	-6.38
Return On Equity %	-17.52	-7.53	-62.04	-15.34	-5.04
Return on Common Equity	-17.52	-7.53	-62.04	-15.34	-5.04
Short Term Liquidity
Current Ratio	4.47	1.19	2.97	3.07	2.55
Quick Ratio	4.3	1.18	2.97	3.01	2.49
Operating Cash Flow to Current Liabilities	-3.29	-0.39	-0.68	-1.6	-2.82
Long Term Solvency
Total Liabilities / Total Assets	3.93	17.53	13.5	7.38	1.88
Net Debt / EBITDA	0.94	-	0.76	1	0.46
Net Debt / (EBITDA - Capex)	0.85	-	0.75	0.97	0.44
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	-32.75	-	-	-57.66	-61.49
EBITA, 1 Yr. Growth %	-32.71	-44.54	889.93	-61.62	-55.77
EBIT, 1 Yr. Growth %	-32.71	-44.54	889.93	-61.62	-55.77
Earnings From Cont. Operations, 1 Yr. Growth %	-32.22	-52.54	916.21	-71.1	-67.06
Net Income, 1 Yr. Growth %	-32.22	-52.54	916.21	-71.1	-67.06
Normalized Net Income, 1 Yr. Growth %	-31.78	-41.28	790.15	-62.1	-53.68
Diluted EPS Before Extra, 1 Yr. Growth %	-46.79	-60.24	672.28	-78.91	-71.61
Net Property, Plant and Equip., 1 Yr. Growth %	36.92	20.6	-0.57	22.62	14.99
Total Assets, 1 Yr. Growth %	13.11	25.6	31.38	-5.03	-6.57
Tangible Book Value, 1 Yr. Growth %	13.34	7.82	37.81	1.68	-1.02
Common Equity, 1 Yr. Growth %	13.34	7.82	37.81	1.68	-1.02
Cash From Operations, 1 Yr. Growth %	-39.84	-34.34	77.05	23.25	-58.01
Capital Expenditures, 1 Yr. Growth %	-1.83	25.26	-33.02	-42.99	-30.09
Levered Free Cash Flow, 1 Yr. Growth %	-43.69	-244.38	-400.01	-55.42	-40.27
Unlevered Free Cash Flow, 1 Yr. Growth %	-43.69	-244.38	-400.01	-55.42	-40.27
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	-0.69	-	112.44	-	-59.62
EBITA, 2 Yr. CAGR %	-0.62	-38.91	134.08	94.91	-58.8
EBIT, 2 Yr. CAGR %	-0.62	-38.91	134.08	94.91	-58.8
Earnings From Cont. Operations, 2 Yr. CAGR %	-0.51	-43.28	119.61	71.36	-69.15
Net Income, 2 Yr. CAGR %	-0.51	-43.28	119.61	71.36	-69.15
Normalized Net Income, 2 Yr. CAGR %	-0.24	-36.71	128.41	83.67	-58.1
Diluted EPS Before Extra, 2 Yr. CAGR %	-30.85	-54	75.23	27.63	-75.53
Net Property, Plant and Equip., 2 Yr. CAGR %	85.04	28.5	9.51	10.42	18.75
Total Assets, 2 Yr. CAGR %	30.92	19.19	28.46	11.7	-5.8
Tangible Book Value, 2 Yr. CAGR %	33.37	10.55	21.89	18.37	0.32
Common Equity, 2 Yr. CAGR %	33.37	10.55	21.89	18.37	0.32
Cash From Operations, 2 Yr. CAGR %	-11.51	-37.15	7.81	47.72	-28.06
Capital Expenditures, 2 Yr. CAGR %	-12.07	10.89	-8.4	-38.21	-36.87
Levered Free Cash Flow, 2 Yr. CAGR %	21.14	-9.83	108.23	15.65	-48.4
Unlevered Free Cash Flow, 2 Yr. CAGR %	21.14	-9.83	108.23	15.65	-48.4
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	4.66	-	44.79	24.09	-
EBITA, 3 Yr. CAGR %	-38.64	-18.18	54.49	28.11	18.88
EBIT, 3 Yr. CAGR %	-38.64	-18.18	54.49	28.11	18.88
Earnings From Cont. Operations, 3 Yr. CAGR %	-38.88	-22.26	48.41	11.7	-1.1
Net Income, 3 Yr. CAGR %	-38.88	-22.26	48.41	11.7	-1.1
Normalized Net Income, 3 Yr. CAGR %	-37.84	-16.4	52.68	25.51	16.04
Diluted EPS Before Extra, 3 Yr. CAGR %	-55.82	-42.5	17.78	-13.48	-22.67
Net Property, Plant and Equip., 3 Yr. CAGR %	129.5	60.43	17.97	13.72	11.92
Total Assets, 3 Yr. CAGR %	70.42	29.12	23.12	16.15	5.25
Tangible Book Value, 3 Yr. CAGR %	82.96	24.24	18.97	14.75	11.52
Common Equity, 3 Yr. CAGR %	82.96	24.24	18.97	14.75	11.52
Cash From Operations, 3 Yr. CAGR %	6.69	-19.89	-11.24	12.73	-2.87
Capital Expenditures, 3 Yr. CAGR %	-20.53	-1.06	-6.26	-21.79	-35.61
Levered Free Cash Flow, 3 Yr. CAGR %	-14.48	28.44	34.65	24.57	-7.21
Unlevered Free Cash Flow, 3 Yr. CAGR %	-14.48	28.44	34.65	24.57	-7.21
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	13.56	-	38.92	13.52	-13.12
EBITA, 5 Yr. CAGR %	12.47	-14.94	4.82	15.74	-8.95
EBIT, 5 Yr. CAGR %	12.47	-14.94	4.82	15.74	-8.95
Earnings From Cont. Operations, 5 Yr. CAGR %	11.09	-18.11	1.95	6.65	-20.82
Net Income, 5 Yr. CAGR %	11.09	-18.11	1.95	6.65	-20.82
Normalized Net Income, 5 Yr. CAGR %	12.22	-13.68	4.62	14.5	-8.98
Diluted EPS Before Extra, 5 Yr. CAGR %	-25.81	-39.74	-23.34	-20.9	-37.18
Net Property, Plant and Equip., 5 Yr. CAGR %	84.66	17.22	70.71	38.16	18.28
Total Assets, 5 Yr. CAGR %	43.2	12.35	52.2	21.85	10.62
Tangible Book Value, 5 Yr. CAGR %	44.41	11.99	55.53	21.86	11.13
Common Equity, 5 Yr. CAGR %	44.41	11.99	55.53	21.86	11.13
Cash From Operations, 5 Yr. CAGR %	12.13	-8.38	7.14	2.33	-18.39
Capital Expenditures, 5 Yr. CAGR %	15	-11.39	-15.88	-18.04	-19.97
Levered Free Cash Flow, 5 Yr. CAGR %	11.31	-1.83	22.08	23.19	-8.25
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.31	-1.83	22.08	23.19	-8.25