Nicola Mining (NICM) Income Statement

Nicola Mining reported revenue of CAD 1.12M in fiscal 2025 (fiscal year ended Mar 31, 2026), up 36.6% from CAD 818.16K a year earlier. Nicola Mining posted a net loss of CAD 4.02M, compared with a net loss of CAD 5.23M a year earlier. Gross margin was -314.2% and operating margin -641.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CAD 1.09M, up 1400.4% from the same quarter a year earlier.

Nicola Mining Income Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Nicola Mining Inc. income statement - Annual data in millions CAD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Mar 2026	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	1.12	1.54	0.82	1.62	-	-
Cost of Revenue	4.63	4.39	2.26	3.14	0.88	1.44
Gross Profit	-3.51	-1.53	-1.44	-1.52	-0.97	-
Operating Expenses
Research & Development	0.00	-	-	-	-	-
Selling, General & Administrative	2.84	3.63	2.10	1.67	0.85	0.71
Operating Expenses	3.66	-3.42	5.27	8.61	-2.95	3.63
Operating Income	-7.17	1.89	-6.71	-10.13	-2.95	-3.63
Other Income/Expense
Interest Income	0.00	0.80	1.97	8.15	-	-
Interest Expense	0.32	0.40	0.60	1.44	1.47	-
Other Income/Expense	3.15	4.32	2.07	8.18	2.75	0.22
Income
Income Before Tax	-4.02	-5.52	-5.23	-3.40	-0.20	-3.41
Income Tax Expense	0.00	-	-	-0.07	-0.15	-
Net Income	-4.02	-5.52	-5.23	-3.33	-0.05	-3.41
Net Income - Continuous Operations	-4.02	-5.52	-5.23	-3.33	-0.05	-
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	-3.34	-8.92	-4.40	-1.75	-2.51	-3.31
EBIT	-	-9.76	-4.63	-1.96	-2.98	-3.54
Depreciation & Amortization	0.36	0.06	0.01	0.01	0.00	-
Earnings Per Share
Basic EPS	-	-	-	-	-	-
Diluted EPS	-	-	-	-	-	-
Basic Shares Outstanding	185.97	185.97	13.78	13.20	146.33	138.48
Diluted Shares Outstanding	185.97	185.97	13.78	13.20	146.33	138.48

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Nicola Mining Financial Statements

What was Nicola Mining's revenue in fiscal 2025?

Nicola Mining reported revenue of CAD 1.12M in fiscal 2025 (fiscal year ended Mar 31, 2026). That was up 36.6% from CAD 818.16K a year earlier.

Is Nicola Mining profitable?

No. Nicola Mining reported a net loss of CAD 4.02M in fiscal 2025. In fiscal 2024 it lost CAD 5.23M.

What is Nicola Mining's operating margin?

Nicola Mining's operating income was −CAD 7.17M on revenue of CAD 1.12M in fiscal 2025, an operating margin of -641.4%, compared with -819.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition