Cash flow Solaris Resources Inc.

Equities

SLS

CA83419D2014

Diversified Mining

Market Closed - Toronto S.E. Other stock markets 01:30:00 06/06/2026 am IST			5-day change	1st Jan Change
12.21 ^CAD	-12.72%		-13.28%	+11.00%

14/05	Solaris Resources Inc. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
10/04	Solaris Secures EIA Technical Approval, Strengthens the Balance Sheet	MT

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Published financial data: SOLARIS RESOURCES INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Selling General & Admin Expenses, Total	95L	88.16L	1.02Cr	1.15Cr	1.29Cr
Exploration / Drilling Costs, Total	4.98Cr	5.15Cr	3.1Cr	6.15Cr	3.53Cr
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	3L	-	-
Other Operating Expenses, Total	5.94Cr	6.03Cr	4.14Cr	7.3Cr	4.83Cr
Operating Income	-5.94Cr	-6.03Cr	-4.14Cr	-7.3Cr	-4.83Cr
Interest Expense, Total	-	-	-	-50.7L	-55.82L
Interest And Investment Income	4L	4L	5L	10L	11.26L
Net Interest Expenses	4L	4L	5L	-41.05L	-44.56L
Currency Exchange Gains (Loss)	-	-	-	-	13.66L
Other Non Operating Income (Expenses)	20.95L	12.26L	-2L	-	-2L
EBT, Excl. Unusual Items	-5.69Cr	-5.87Cr	-4.11Cr	-7.71Cr	-5.15Cr
Gain (Loss) On Sale Of Assets	-	-	-	-	98.12L
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-5.69Cr	-5.87Cr	-4.11Cr	-7.71Cr	-4.17Cr
Income Tax Expense	-	-	-	-	6L
Earnings From Continuing Operations	-5.69Cr	-5.87Cr	-4.11Cr	-7.71Cr	-4.23Cr
Net Income to Company	-5.69Cr	-5.87Cr	-4.11Cr	-7.71Cr	-4.23Cr
Minority Interest	61T	59T	75T	64T	62T
Net Income - (IS)	-5.68Cr	-5.87Cr	-4.1Cr	-7.7Cr	-4.22Cr
Net Income to Common Incl Extra Items	-5.68Cr	-5.87Cr	-4.1Cr	-7.7Cr	-4.22Cr
Net Income to Common Excl. Extra Items	-5.68Cr	-5.87Cr	-4.1Cr	-7.7Cr	-4.22Cr
Per Share Items
Net EPS - Basic	-0.53	-0.52	-0.29	-0.49	-0.26
Basic EPS - Continuing Operations	-0.53	-0.52	-0.29	-0.49	-0.26
Basic Weighted Average Shares Outstanding	11Cr	11Cr	14Cr	16Cr	17Cr
Net EPS - Diluted	-0.53	-0.52	-0.29	-0.49	-0.26
Diluted EPS - Continuing Operations	-0.53	-0.52	-0.29	-0.49	-0.26
Diluted Weighted Average Shares Outstanding	11Cr	11Cr	14Cr	16Cr	17Cr
Normalized Basic EPS	-0.33	-0.32	-0.18	-0.31	-0.19
Normalized Diluted EPS	-0.33	-0.32	-0.18	-0.31	-0.19
Supplemental Items
EBITDA	-5.91Cr	-5.97Cr	-4.04Cr	-7.22Cr	-4.74Cr
EBITA	-5.94Cr	-6.03Cr	-4.14Cr	-7.3Cr	-4.83Cr
EBIT	-5.94Cr	-6.03Cr	-4.14Cr	-7.3Cr	-4.83Cr
EBITDAR	-5.88Cr	-5.94Cr	-4.01Cr	-7.18Cr	-4.72Cr
Effective Tax Rate - (Ratio)	-	-	-	-	-1.36
Total Current Taxes	-	-	-	-	6L
Normalized Net Income	-3.55Cr	-3.66Cr	-2.56Cr	-4.81Cr	-3.21Cr
Interest on Long-Term Debt	21T	28T	18T	36T	55T
Supplemental Operating Expense Items
General and Administrative Expenses	95L	88.16L	1.02Cr	1.15Cr	1.29Cr
Exploration/Drilling Costs	4.98Cr	5.15Cr	3.1Cr	6.15Cr	3.53Cr
Net Rental Expense, Total	3L	3L	3L	4L	2L
Imputed Operating Lease Interest Expense	-	-	-	4L	3L
Imputed Operating Lease Depreciation	-	-	-	-9.46T	-1L
Stock-Based Compensation - Exploration Costs / Drilling Costs, Total	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	48.99L	35.09L	51.34L	39.98L	39.03L
Total Stock-Based Compensation	48.99L	35.09L	51.34L	39.98L	39.03L

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.39Cr	1.48Cr	3.89Cr	3.17Cr	2.52Cr
Total Cash And Short Term Investments	3.39Cr	1.48Cr	3.89Cr	3.17Cr	2.52Cr
Other Receivables	1L	3L	2L	2L	76T
Total Receivables	1L	3L	2L	2L	76T
Inventory	86T	1L	95T	1L	2L
Prepaid Expenses	7L	1L	2L	5L	5L
Total Current Assets	3.49Cr	1.53Cr	3.94Cr	3.26Cr	2.6Cr
Gross Property Plant And Equipment	2.33Cr	2.41Cr	2.39Cr	2.71Cr	3.56Cr
Accumulated Depreciation	-6L	-11.68L	-20.86L	-30.12L	-43.92L
Net Property Plant And Equipment	2.27Cr	2.3Cr	2.19Cr	2.4Cr	3.12Cr
Other Long-Term Assets, Total	74T	3L	6L	6L	8L
Total Assets	5.76Cr	3.85Cr	6.18Cr	5.72Cr	5.8Cr
Liabilities
Accounts Payable, Total	1.08Cr	83.36L	52.74L	1.28Cr	23.42L
Accrued Expenses, Total	-	-	-	-	54.33L
Current Portion of Leases	1L	1L	88T	2L	57T
Current Income Taxes Payable	-	-	-	-	6L
Other Current Liabilities	17.83L	4L	-	-	-
Total Current Liabilities	1.27Cr	88.46L	53.62L	1.31Cr	84L
Long-Term Debt	-	-	2.94Cr	4.92Cr	-
Long-Term Leases	2L	90T	3T	2L	4L
Unearned Revenue Non Current	-	-	-	-	9.37Cr
Other Non Current Liabilities	16.74L	13.69L	16.66L	40.05L	45.15L
Total Liabilities	1.45Cr	1.03Cr	3.64Cr	6.65Cr	11Cr
Common Stock, Total	12Cr	17Cr	21Cr	24Cr	25Cr
Retained Earnings	-11Cr	-16Cr	-21Cr	-28Cr	-32Cr
Comprehensive Income and Other	2.16Cr	1.49Cr	1.67Cr	2.07Cr	1.56Cr
Total Common Equity	3.52Cr	2.03Cr	1.75Cr	-1.72Cr	-5.68Cr
Minority Interest	79.11L	79.12L	79.11L	79.14L	78.52L
Total Equity	4.31Cr	2.82Cr	2.54Cr	-92.87L	-4.9Cr
Total Liabilities And Equity	5.76Cr	3.85Cr	6.18Cr	5.72Cr	5.8Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11Cr	15Cr	15Cr	16Cr	17Cr
ECS Total Common Shares Outstanding	11Cr	12Cr	15Cr	16Cr	17Cr
Book Value / Share	0.32	0.17	0.12	-0.11	-0.34
Tangible Book Value	3.52Cr	2.03Cr	1.75Cr	-1.72Cr	-5.68Cr
Tangible Book Value Per Share	0.32	0.17	0.12	-0.11	-0.34
Total Debt	3L	2L	2.95Cr	4.96Cr	5L
Net Debt	-3.36Cr	-1.45Cr	-94.11L	1.79Cr	-2.47Cr
Debt Equivalent Oper. Leases	22.96L	26.96L	27.04L	29.52L	14.56L
Minority Interest, Total (Incl. Fin. Div)	79.11L	79.12L	79.11L	79.14L	78.52L
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Others	86T	1L	95T	1L	2L
Machinery, Total	5L	6L	6L	9L	10.35L
Full Time Employees	62	64	60	66	84

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-5.68Cr	-5.87Cr	-4.1Cr	-7.7Cr	-4.22Cr
Depreciation & Amortization - CF	4L	8L	9L	10.12L	10.99L
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	3L	-	-
Depreciation & Amortization, Total	4L	8L	11.79L	10.12L	10.99L
(Gain) Loss From Sale Of Asset	-6L	1L	-	-	-
Stock-Based Compensation (CF)	48.99L	35.09L	51.34L	39.98L	39.03L
Other Operating Activities, Total	-14.25L	-19.1L	-2L	62.57L	44.73L
Change In Accounts Receivable	-	-	-	-	-
Change In Accounts Payable	74.75L	-25.43L	-33.95L	75.65L	-89.92L
Change in Unearned Revenues	-	-	-	-	9Cr
Change in Other Net Operating Assets	-6L	3L	-67T	-2L	9T
Cash from Operations	-4.67Cr	-5.84Cr	-3.83Cr	-5.84Cr	4.83Cr
Capital Expenditure	-16.82L	-11.16L	-89T	-26.56L	-41.69L
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Real Estate properties	6L	-	-	-	-
Other Investing Activities, Total	-4T	-2L	-3L	-	9L
Cash from Investing	-10.86L	-13.55L	-3L	-26.56L	-32.93L
Long-Term Debt Issued, Total	-	-	3Cr	1.5Cr	1.5Cr
Total Debt Issued	-	-	3Cr	1.5Cr	1.5Cr
Long-Term Debt Repaid, Total	-3L	-2L	-2L	-2L	-6.02Cr
Total Debt Repaid	-3L	-2L	-2L	-2L	-6.02Cr
Issuance of Common Stock	69.95L	4.09Cr	3.23Cr	3.97Cr	7L
Other Financing Activities, Total	5L	5L	94T	60T	-73.1L
Cash from Financing	72.13L	4.13Cr	6.23Cr	5.45Cr	-5.19Cr
Foreign Exchange Rate Adjustments	8L	-6L	5L	-5L	4L
Net Change in Cash	-3.97Cr	-1.91Cr	2.41Cr	-71.27L	-65.28L
Supplemental Items
Levered Free Cash Flow	-2.89Cr	-3.79Cr	-2.31Cr	-3.92Cr	-3.72Cr
Unlevered Free Cash Flow	-2.89Cr	-3.79Cr	-2.31Cr	-3.6Cr	-3.38Cr
Change In Net Working Capital	-45.28L	33.65L	34.6L	-72.46L	44.05L
Net Debt Issued / Repaid	-3L	-2L	2.98Cr	1.48Cr	-4.52Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-48.62	-78.38	-51.59	-76.65	-52.38
Return on Total Capital	-57.01	-104.84	-62.12	-95.79	740.43
Return On Equity %	-87.69	-164.59	-153.13	-955.21	145.15
Return on Common Equity	-99.77	-211.28	-216.78	-49.06T	114.07
Short Term Liquidity
Current Ratio	2.75	1.73	7.35	2.5	3.09
Quick Ratio	2.69	1.7	7.29	2.44	3.01
Operating Cash Flow to Current Liabilities	-3.68	-6.6	-7.15	-4.47	5.75
Long Term Solvency
Total Debt/Equity	0.75	0.83	115.84	-534.5	-0.97
Total Debt / Total Capital	0.75	0.83	53.67	123.01	-0.98
LT Debt/Equity	0.44	0.32	115.5	-532.17	-0.86
Long-Term Debt / Total Capital	0.43	0.32	53.51	122.48	-0.87
Total Liabilities / Total Assets	25.21	26.74	58.87	116.24	184.41
EBIT / Interest Expense	-	-	-	-14.39	-8.65
EBITDA / Interest Expense	-	-	-	-14.19	-8.45
(EBITDA - Capex) / Interest Expense	-	-	-	-14.72	-9.2
Total Debt / EBITDA	-0.01	-0	-0.73	-0.69	-0.01
Net Debt / EBITDA	0.57	0.24	0.23	-0.25	0.52
Total Debt / (EBITDA - Capex)	-0.01	-0	-0.73	-0.67	-0.01
Net Debt / (EBITDA - Capex)	0.55	0.24	0.23	-0.24	0.48
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	205.76	1.11	-32.3	78.64	-34.32
EBITA, 1 Yr. Growth %	206.89	1.61	-31.32	76.18	-33.83
EBIT, 1 Yr. Growth %	206.89	1.61	-31.32	76.18	-33.83
Earnings From Cont. Operations, 1 Yr. Growth %	118.76	3.27	-30.03	87.62	-45.14
Net Income, 1 Yr. Growth %	119.13	3.28	-30.09	87.81	-45.17
Normalized Net Income, 1 Yr. Growth %	119.35	3.28	-30.12	87.92	-33.18
Diluted EPS Before Extra, 1 Yr. Growth %	57.65	-2.19	-44.12	69.66	-47.76
Inventory, 1 Yr. Growth %	3.61	18.6	-6.86	50.53	9.09
Net Property, Plant and Equip., 1 Yr. Growth %	8.12	1.06	-4.79	9.99	29.95
Total Assets, 1 Yr. Growth %	-39.27	-33.16	60.43	-7.48	1.45
Tangible Book Value, 1 Yr. Growth %	-55.23	-42.29	-13.8	-198.21	230.41
Common Equity, 1 Yr. Growth %	-55.23	-42.29	-13.8	-198.21	230.41
Cash From Operations, 1 Yr. Growth %	230.65	25.13	-34.38	52.41	-182.65
Capital Expenditures, 1 Yr. Growth %	145.91	-33.65	-92.03	2.88T	56.97
Levered Free Cash Flow, 1 Yr. Growth %	559.26	30.89	-38.96	68.76	-4.68
Unlevered Free Cash Flow, 1 Yr. Growth %	559.26	30.89	-38.96	55.72	-6.27
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	229.93	75.82	-17.27	9.97	8.32
EBITA, 2 Yr. CAGR %	230.54	76.59	-16.46	10	7.97
EBIT, 2 Yr. CAGR %	230.54	76.59	-16.46	10	7.97
Earnings From Cont. Operations, 2 Yr. CAGR %	353.14	50.3	-15	14.58	1.46
Net Income, 2 Yr. CAGR %	357.38	50.44	-15.03	14.59	1.48
Normalized Net Income, 2 Yr. CAGR %	344.43	50.52	-15.05	14.59	12.05
Diluted EPS Before Extra, 2 Yr. CAGR %	198.14	24.18	-26.07	-2.63	-5.86
Inventory, 2 Yr. CAGR %	-	10.86	5.1	18.4	28.14
Net Property, Plant and Equip., 2 Yr. CAGR %	5.74	4.53	-1.91	2.33	19.55
Total Assets, 2 Yr. CAGR %	37.3	-36.28	3.55	21.83	-3.12
Tangible Book Value, 2 Yr. CAGR %	30.33	-49.17	-29.47	-7.99	80.13
Common Equity, 2 Yr. CAGR %	30.33	-49.17	-29.47	-7.99	80.13
Cash From Operations, 2 Yr. CAGR %	220.24	103.41	-9.39	0	12.24
Capital Expenditures, 2 Yr. CAGR %	1.45T	27.73	-77	54.27	584.42
Levered Free Cash Flow, 2 Yr. CAGR %	213.96	193.76	-10.61	1.7	26.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	213.96	193.76	-10.61	-2.5	20.81
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	170.24	122.44	27.91	6.93	-7.39
EBITA, 3 Yr. CAGR %	170.52	123.09	28.9	7.13	-7.14
EBIT, 3 Yr. CAGR %	170.52	123.09	28.9	7.13	-7.14
Earnings From Cont. Operations, 3 Yr. CAGR %	202.06	176.79	16.49	10.68	-10.36
Net Income, 3 Yr. CAGR %	204.08	178.52	16.52	10.69	-10.38
Normalized Net Income, 3 Yr. CAGR %	205.32	173.24	16.55	10.69	-4.27
Diluted EPS Before Extra, 3 Yr. CAGR %	113.48	105.63	-4.84	-2.48	-20.88
Inventory, 3 Yr. CAGR %	-	-	4.6	18.47	15.21
Net Property, Plant and Equip., 3 Yr. CAGR %	3.96	4.16	1.32	1.9	10.81
Total Assets, 3 Yr. CAGR %	37.43	8.01	-13.32	-0.26	14.62
Tangible Book Value, 3 Yr. CAGR %	39.74	-0.67	-39.39	-21.24	40.9
Common Equity, 3 Yr. CAGR %	39.74	-0.67	-39.39	-21.24	40.9
Cash From Operations, 3 Yr. CAGR %	152.31	134.12	39.5	7.76	-6.15
Capital Expenditures, 3 Yr. CAGR %	494.63	442.24	-49.33	16.45	55.16
Levered Free Cash Flow, 3 Yr. CAGR %	150.16	134.54	74	10.62	-0.57
Unlevered Free Cash Flow, 3 Yr. CAGR %	150.16	134.54	74	7.56	-3.77
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	100.15	68.32	67.82	19.68
EBITA, 5 Yr. CAGR %	-	100.51	69.08	68.13	20.08
EBIT, 5 Yr. CAGR %	-	100.51	69.08	68.13	20.08
Earnings From Cont. Operations, 5 Yr. CAGR %	-	99.59	81.9	94.5	10.23
Net Income, 5 Yr. CAGR %	-	99.55	82.6	95.24	10.25
Normalized Net Income, 5 Yr. CAGR %	-	99.52	83.03	93.01	14.73
Diluted EPS Before Extra, 5 Yr. CAGR %	-	59.63	39.68	52.48	-5.25
Inventory, 5 Yr. CAGR %	-	-	-	-	13.45
Net Property, Plant and Equip., 5 Yr. CAGR %	-	2.57	1.57	3.42	8.26
Total Assets, 5 Yr. CAGR %	-	13.62	22.72	13.34	-9.37
Tangible Book Value, 5 Yr. CAGR %	-	10.58	6.3	-3.66	-6.29
Common Equity, 5 Yr. CAGR %	-	10.58	6.3	-3.66	-6.29
Cash From Operations, 5 Yr. CAGR %	-	101.4	67.51	66.6	27.88
Capital Expenditures, 5 Yr. CAGR %	-	-	61.9	227.96	43.55
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	65.74	67.9	53.36
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	65.74	65.09	50.37