Foremost Lithium Resource & Technology Ltd. (FMST) Income Statement
FMST FY2026 at a glance
Fiscal year ended March 31, 2026 · Canadian dollarsFMST revenue and net income
FMST growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FMST income statement in Canadian dollars
| FY2026 | FY2025 | FY2024 | FY2023 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Cost of revenue | C$22,935 | — | — | C$4 | — | — | — | — |
| Gross profit | −C$22,935 | — | — | −C$4 | — | — | — | — |
| Sales, general & admin | C$8.5M | C$5.2M | C$3.8M | C$3.3M | C$2.0M | C$10.4M | C$1.2M | C$180,531 |
| Total operating expenses | C$8.9M | C$5.8M | C$4.5M | C$3.5M | C$2.2M | C$10.6M | C$1.2M | C$180,531 |
| Operating income | −C$8.9M | −C$5.8M | −C$4.5M | −C$3.5M | −C$2.2M | −C$9.9M | −C$1.2M | −C$181,741 |
| Interest income | C$0 | C$0 | C$1,314 | C$8,879 | — | — | — | — |
| Interest expense | C$15,030 | C$290,621 | C$126,606 | C$104,031 | C$75,917 | C$60,429 | — | — |
| Income before taxes | −C$6.9M | −C$3.6M | −C$4.5M | C$965,376 | −C$2.7M | −C$10.7M | −C$1.3M | −C$182,531 |
| Income taxes | C$45,870 | — | −C$167,895 | C$1.0M | C$701,640 | C$2.4M | −C$1.1M | — |
| Net income | −C$6.9M | −C$3.6M | −C$4.5M | C$956,578 | −C$2.7M | −C$10.7M | −C$1.3M | −C$182,531 |
| EBITDA | −C$6.8M | −C$3.3M | −C$4.3M | C$1.1M | −C$2.6M | −C$10.5M | −C$1.2M | −C$178,531 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Cost of revenue | — | C$702,424 | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | −C$702,424 | — | — | — | — | — | — | — | — | — | — |
| Sales, general & admin | C$1.3M | C$1.1M | C$2.0M | C$3.0M | C$1.7M | C$1.0M | C$2.1M | C$1.0M | C$1.0M | C$914,316 | C$854,247 | C$1.8M |
| Total operating expenses | C$1.3M | C$1.2M | C$2.0M | C$3.2M | C$1.7M | C$1.3M | C$2.1M | C$1.3M | C$1.1M | C$1.1M | C$979,023 | C$1.8M |
| Operating income | −C$1.3M | −C$1.9M | −C$2.0M | −C$3.2M | −C$1.7M | −C$1.3M | −C$2.1M | −C$1.3M | −C$1.1M | −C$1.1M | −C$979,023 | −C$1.4M |
| Interest income | — | — | — | — | — | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$378 |
| Interest expense | C$0 | C$149,245 | C$0 | C$2,752 | C$12,241 | C$12,697 | C$20,081 | C$225,428 | C$32,415 | C$28,540 | C$33,608 | — |
| Income before taxes | −C$1.0M | −C$1.3M | −C$1.9M | −C$2.6M | C$443,276 | C$778,565 | −C$2.0M | −C$1.5M | −C$857,094 | −C$1.5M | −C$654,940 | C$148,412 |
| Income taxes | — | C$1.4M | — | — | C$37,438 | — | — | — | −C$43,812 | — | −C$979 | C$1.8M |
| Net income | −C$1.0M | −C$2.7M | −C$1.9M | −C$2.6M | C$405,838 | C$778,565 | −C$2.0M | −C$1.5M | −C$857,094 | −C$1.5M | −C$654,940 | −C$1.7M |
| EBITDA | −C$1.3M | −C$2.6M | −C$1.9M | −C$2.6M | −C$1.7M | C$791,262 | −C$2.0M | −C$1.3M | −C$824,679 | — | −C$621,332 | −C$1.8M |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in FMST's financial statements (latest annual report filed June 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FMST financial results
Foremost Lithium Resource & Technology reported no revenue in fiscal year 2026 (ended March 31, 2026). It had a net loss of C$6.9 million. Figures are in Canadian dollars, the currency of its financial statements.
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FMST income statement FAQ
Does Foremost Lithium Resource & Technology have revenue?
Foremost Lithium Resource & Technology reported no revenue for fiscal year 2026, which ended on March 31, 2026.
Is Foremost Lithium Resource & Technology profitable?
No. Foremost Lithium Resource & Technology reported a net loss of C$6.9 million in fiscal 2026.
When will Foremost Lithium Resource & Technology report its next earnings?
Foremost Lithium Resource & Technology is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Foremost Lithium Resource & Technology's fiscal year end?
Foremost Lithium Resource & Technology's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on June 30, 2026.