Trilogy Metals Inc. (TMQ) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — TMQ

Balance Sheet

(in millions USD)

Metric	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	38.84	47.78	23.37	24.62	25.21	25.74	14.02	2.01	3.05	4.17	1.68	3.13	3.50	4.85	6.83	8.45	9.63
Accounts Receivable	0.11	0.11	0.02	0.02	0.02	0.01	0.02	0.01	0.01	0.02	0.03	0.01	0.01	0.02	0.02	0.02	0.02
Total Current Assets	39.01	48.02	23.73	24.70	25.33	26.10	14.08	2.15	3.52	4.24	1.87	3.63	4.14	5.11	7.33	9.17	9.87
Property, Plant & Equipment	--	--	--	--	--	--	0.00	0.00	0.01	0.01	0.01	0.01	0.02	0.02	0.03	0.04	0.19
Total Non-current Assets*	112.18	106.53	105.39	106.29	107.06	108.28	121.26	134.41	137.06	140.02	141.67	147.19	156.16	158.79	164.93	170.92	172.66
Total Assets	151.20	154.54	129.12	130.98	132.39	134.38	135.34	136.56	140.58	144.26	143.54	150.82	160.30	163.90	172.26	180.09	182.53
Accounts Payable	0.65	0.70	0.33	0.84	0.67	0.39	0.46	0.46	0.48	0.60	0.67	0.50	0.55	0.57	0.39	0.91	0.55
Total Current Liabilities	35.22	33.00	0.37	0.87	0.70	0.43	0.46	0.46	0.56	0.73	0.85	0.69	0.75	0.76	0.56	1.09	0.72
Total Non-current Liabilities*	0.05	0.06	0.08	0.09	0.10	0.13	0.00	0.00	0.00	0.00	0.00	0.09	0.14	0.19	0.29	0.35	0.37
Total Liabilities	35.27	33.06	0.46	0.97	0.80	0.55	0.46	0.46	0.56	0.73	0.85	0.78	0.88	0.95	0.85	1.43	1.09
Retained Earnings	(146.05)	(139.70)	(97.95)	(96.20)	(94.02)	(88.76)	(87.17)	(85.41)	(78.79)	(74.74)	(71.93)	(61.64)	(51.70)	(47.63)	(36.54)	(28.87)	(25.46)
Total Stockholder Equity	115.92	121.48	128.67	130.02	131.59	133.82	134.88	136.10	140.01	143.53	142.69	150.05	159.42	162.95	171.41	178.66	181.44

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Selling, General & Admin	0.43	0.57	0.42	0.21	0.35	0.34	0.19	0.29	0.32	0.42	0.31	0.28	0.33	0.41	0.27	0.28	0.34	0.40	0.39	0.43
Total Operating Expenses	--	--	--	--	--	--	--	--	--	--	--	--	1.23	3.61	1.15	1.17	1.50	3.12	1.88	1.60
Net Income	(6.34)	(7.06)	(34.69)	(1.75)	(2.18)	(3.62)	(1.64)	(1.59)	(1.76)	(3.60)	(3.02)	(4.05)	(2.80)	(5.07)	(5.22)	(9.94)	(4.07)	(5.02)	(6.07)	(7.66)
Basic EPS	(0.04)	(0.04)	(0.22)	(0.01)	(0.01)	(0.02)	(0.01)	(0.01)	(0.01)	(0.02)	(0.02)	(0.03)	(0.02)	(0.03)	(0.04)	(0.07)	(0.03)	(0.03)	(0.05)	(0.05)
Diluted EPS	(0.04)	(0.04)	(0.22)	(0.01)	(0.01)	(0.02)	(0.01)	(0.01)	(0.01)	(0.02)	(0.02)	(0.03)	(0.02)	(0.03)	(0.04)	(0.07)	(0.03)	(0.03)	(0.05)	(0.05)

Cash Flow Statement

(in millions USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Operating Cash Flow	(1.04)	(2.74)	(0.56)	(1.26)	(0.68)	(0.75)	0.03	(0.78)	(0.49)	(0.58)	(0.46)	(1.12)	(0.63)	(0.88)	(0.57)	(0.50)	(1.39)	(1.48)	(0.83)	(1.50)
Investing Cash Flow	(8.00)	(2.50)	--	--	--	--	0.00	12.50	12.50	--	--	--	--	--	0.00	0.14	--	--	0.00	(0.12)
Financing Cash Flow	0.11	1.33	29.79	0.02	0.07	0.13	--	--	--	--	0.00	0.00	3.12	--	0.00	0.00	0.04	0.02	0.31	0.00