Financials Endeavour Silver Corp.

Equities

EDR

CA29258Y1034

Non-Gold Precious Metals & Minerals

Market Closed - Toronto S.E. Other stock markets 01:30:00 12/07/2025 am IST			5-day change	1st Jan Change
7.970 ^CAD	+7.27%		+16.69%	+51.23%

11/07	Endeavour Silver to Raise US$60 Million in Share Offering	MT
11/07	Endeavour Silver Launches $60 Million At-the-Market Equity Program	MT

Projected Income Statement: Endeavour Silver Corp.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	175.8	211.8	286.2	276.8	314.2	548	839.9	850.4
Change	-	20.46%	35.09%	-3.27%	13.48%	74.43%	53.26%	1.26%
EBITDA ¹	37.34	41.45	71.58	58.47	14.48	176	376.1	398.6
Change	-	11.02%	72.68%	-18.32%	-75.23%	1,115.6%	113.64%	6%
EBIT ¹	-0.4672	28.49	31.94	49.33	11.98	111	236.4	253.2
Change	-	6,197.77%	12.13%	54.41%	-75.71%	826.22%	112.99%	7.12%
Interest Paid ¹	-1.718	-1.259	-1.769	-	-2.235	-12.2	-6.129	-2.909
Earnings before Tax (EBT) ¹	-1.339	38.05	33.97	24.59	-31.76	50.56	234.8	274.2
Change	-	2,942.18%	-10.72%	-27.6%	-229.15%	259.2%	364.37%	16.76%
Net income ¹	1.467	17.88	8.442	8.25	-45.44	32.54	179.4	182.8
Change	-	1,118.73%	-52.79%	-2.28%	-650.84%	171.61%	451.15%	1.94%
Announcement Date	01/03/21	10/03/22	02/03/23	11/03/24	11/03/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	27.08	46.75	77.73	41.65	60.08	43.01	62.15	75.18	39.53	53.48	111.6	74.13	66.99	67.6	68.04	87.17	80.53	74.17	60.93	88.92	115.6	139.4	178.8
Change	-	72.65%	66.26%	-46.41%	44.24%	-28.4%	44.49%	20.96%	-47.42%	35.29%	108.74%	-33.59%	-9.64%	0.91%	0.65%	28.11%	-7.62%	-7.9%	-17.85%	45.94%	30.01%	20.58%	28.25%
EBITDA	1.608	-	-	29	-	-	-	-	4.311	8.396	-	30.11	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	94.75%	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-6.162	0.5163	15.77	17.26	1.046	3.781	5.227	16.36	-1.732	-1.751	18.44	9.282	7.211	-5.226	7.211	4.516	14.12	5.269	-0.7219	5.643	25.82	44.84	69.99
Change	-	108.38%	2,953.83%	9.47%	-93.94%	261.37%	38.25%	212.99%	-110.59%	-1.07%	1,153.24%	-49.67%	-22.31%	-172.46%	237.99%	-37.37%	212.61%	-62.67%	-113.7%	881.73%	357.47%	73.69%	56.1%
Charge d'intérêts ¹	-0.4755	-0.4681	-0.4203	-0.3516	-0.2707	-0.2431	-0.3618	-0.3856	-0.4329	-0.4184	-0.4832	-0.5347	-0.5037	-0.435	-	-	-	-0.7052	-0.6426	-0.5826	-0.6321	-0.6321	-0.6321
Earnings before Tax (EBT) ¹	-4.836	2.105	18.73	19.39	11.21	-0.9994	7.082	24.61	-11.36	2.347	17.91	16.81	5.558	1.108	0.9593	5.747	-15.63	-18.46	-2.31	-38.99	8.687	27.77	52.89
Change	-	143.52%	789.98%	3.54%	-42.17%	-108.91%	808.61%	247.47%	-146.17%	120.66%	663.13%	-6.14%	-66.94%	-80.07%	-13.4%	499.13%	-372.03%	-18.05%	87.48%	-1,587.73%	122.28%	219.7%	90.43%
Net income ¹	-4.409	0.5925	25.27	14.8	8.37	-5.574	-0.6036	15.18	-15.31	-2.022	10.84	8.63	-1.41	-3.184	10.73	-1.634	-19.35	-24.03	1.48	-46.08	8.687	27.77	52.89
Change	-	113.44%	4,165.66%	-41.43%	-43.46%	-166.6%	89.17%	2,615.6%	-200.84%	86.79%	636.03%	-20.38%	-116.34%	-125.77%	436.9%	-115.23%	-1,084.16%	-24.19%	106.16%	-3,213.78%	118.85%	219.7%	90.43%
Announcement Date	04/08/20	05/11/20	01/03/21	11/05/21	10/08/21	09/11/21	10/03/22	11/05/22	09/08/22	08/11/22	02/03/23	10/05/23	08/08/23	07/11/23	11/03/24	09/05/24	01/08/24	05/11/24	11/03/25	13/05/25	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: Endeavour Silver Corp.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	18.4	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	01/03/21	10/03/22	02/03/23	11/03/24	11/03/25	-	-	-

Estimates

Cash Flow Forecast: Endeavour Silver Corp.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	32.33	69.16	149.3	158.8	282.8	153.4	86	91.11
Change	-	113.88%	115.93%	6.34%	78.09%	-45.75%	-43.94%	5.94%
Free Cash Flow (FCF) ¹	4.162	-27.94	-75.8	-108.9	-243.4	-150.3	167.7	133.4
Change	-	-771.39%	-171.28%	-43.67%	-123.48%	38.24%	211.58%	-20.43%
Announcement Date	01/03/21	10/03/22	02/03/23	11/03/24	11/03/25	-	-	-

¹CAD in Million

Estimates

Forecast Financial Ratios: Endeavour Silver Corp.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	21.23%	19.57%	25.01%	21.12%	4.61%	32.12%	44.78%	46.87%
EBIT Margin (%)	-0.27%	13.45%	11.16%	17.82%	3.81%	20.25%	28.15%	29.78%
EBT Margin (%)	-0.76%	17.96%	11.87%	8.88%	-10.11%	9.23%	27.96%	32.24%
Net margin (%)	0.83%	8.44%	2.95%	2.98%	-14.47%	5.94%	21.36%	21.5%
FCF margin (%)	2.37%	-13.19%	-26.49%	-39.34%	-77.47%	-27.43%	19.97%	15.69%
FCF / Net Income (%)	283.61%	-156.24%	-897.85%	-1,320.01%	535.54%	-461.85%	93.5%	72.99%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	0.8%	7.04%	2.24%	-	1.84%	2.6%	18.7%	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	1.27x	-	-	-
Debt / Free cash flow	-	-	-	-	-0.08x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	18.39%	32.65%	52.18%	57.36%	90.02%	28%	10.24%	10.71%
CAPEX / EBITDA (%)	86.6%	166.83%	208.62%	271.59%	1,952.98%	87.16%	22.87%	22.86%
CAPEX / FCF (%)	776.97%	-247.52%	-197.01%	-145.82%	-116.21%	-102.08%	51.28%	68.28%
Items per share
Cash flow per share ¹	0.2368	0.2415	0.3968	0.2523	0.1592	0.4766	1.077	0.942
Change	-	2.01%	64.28%	-36.4%	-36.9%	199.33%	125.98%	-12.53%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	0.0127	0.1025	0.0408	0.0404	-0.1877	0.101	0.6942	0.6753
Change	-	709.79%	-60.16%	-1.03%	-564.35%	153.81%	587.33%	-2.72%
Nbr of stocks (in thousands)	1,57,472	1,70,522	1,89,990	2,14,934	2,62,311	2,89,949	2,89,949	2,89,949
Announcement Date	01/03/21	10/03/22	02/03/23	11/03/24	11/03/25	-	-	-