Northern Dynasty Minerals Ltd. (NAK) Income Statement
NAK 2025 at a glance
Fiscal year ended December 31, 2025 · Canadian dollarsNAK revenue and net income
NAK growth rates
to 2025| 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.
NAK income statement in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Cost of revenue | C$108,000 | C$105,000 | C$123,737 | C$104,000 | C$260,107 | C$534,204 | C$647,000 | C$234,000 | C$176,000 | C$205,000 |
| Gross profit | −C$108,000 | −C$105,000 | −C$123,737 | −C$104,000 | −C$260,107 | −C$534,204 | −C$647,000 | −C$234,000 | −C$176,000 | −C$205,000 |
| Research & development | — | — | — | — | — | — | C$0 | C$0 | C$0 | C$0 |
| Sales, general & admin | C$15.7M | C$18.5M | C$18.2M | C$15.2M | C$18.8M | C$62.2M | C$15.8M | C$15.8M | C$41.6M | C$19.2M |
| Total operating expenses | C$23.1M | C$18.2M | C$16.7M | C$24.5M | C$24.4M | C$62.2M | C$68.8M | C$66.2M | C$64.2M | C$27.1M |
| Operating income | −C$23.2M | −C$18.3M | −C$16.9M | −C$24.6M | −C$24.7M | −C$62.7M | −C$68.8M | −C$66.2M | −C$64.2M | −C$27.1M |
| Interest income | C$592,000 | C$860,000 | C$312,000 | C$267,000 | C$347,000 | C$146,000 | C$441,000 | C$1.5M | C$671,000 | C$76,000 |
| Interest expense | C$902,000 | C$824,000 | C$81,000 | C$67,000 | C$67,000 | C$91,836 | C$134,000 | C$0 | C$0 | C$0 |
| Income before taxes | −C$104.0M | −C$36.1M | −C$15.9M | −C$24.3M | −C$24.9M | −C$64.0M | −C$69.2M | −C$16.0M | −C$64.9M | −C$27.0M |
| Income taxes | C$367,000 | C$65,000 | −C$82,995 | C$107,000 | C$83,000 | C$509,000 | C$147,000 | C$50.3M | C$671,000 | C$11,000 |
| Net income | −C$104.4M | −C$36.1M | −C$15.8M | −C$24.4M | −C$24.9M | −C$64.0M | −C$69.2M | −C$16.0M | −C$64.9M | −C$27.0M |
| EBITDA | −C$102.9M | −C$18.5M | −C$15.7M | −C$24.0M | −C$24.6M | −C$63.4M | −C$67.9M | −C$66.0M | −C$64.0M | −C$26.9M |
| 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$29,568 | C$42,107 | C$27,000 | C$26,000 | C$30,848 | C$28,000 | C$27,000 | C$26,000 | C$28,497 | C$30,266 | C$41,000 | C$30,180 |
| Gross profit | −C$29,568 | −C$42,107 | −C$27,000 | −C$26,000 | −C$30,848 | −C$28,000 | −C$27,000 | −C$26,000 | −C$28,497 | −C$30,266 | −C$41,000 | −C$30,180 |
| Research & development | C$1.8M | — | — | — | — | — | — | — | — | — | — | — |
| Sales, general & admin | C$6.2M | C$3.3M | C$4.1M | C$4.7M | C$3.2M | C$5.8M | C$5.4M | C$2.9M | C$3.1M | C$3.5M | C$555,000 | C$4.0M |
| Total operating expenses | C$8.0M | C$6.2M | C$6.4M | C$6.5M | C$3.3M | C$5.7M | C$5.4M | C$3.6M | C$2.9M | C$3.9M | C$4.7M | C$3.0M |
| Operating income | −C$8.0M | −C$6.2M | −C$6.4M | −C$6.5M | −C$3.3M | −C$5.8M | −C$5.4M | −C$3.6M | −C$2.9M | −C$3.9M | −C$4.7M | −C$3.1M |
| Interest income | C$130,000 | C$147,000 | C$178,000 | C$179,000 | C$107,000 | C$128,000 | C$200,000 | C$225,000 | C$194,000 | C$241,000 | — | C$20,000 |
| Interest expense | C$235,000 | C$215,554 | C$283,066 | C$152,934 | C$237,000 | C$229,000 | C$230,000 | C$207,000 | C$203,000 | C$184,000 | C$38,000 | C$14,000 |
| Income before taxes | −C$36.2M | C$21.1M | −C$43.9M | −C$7.8M | −C$8.8M | −C$40.4M | −C$22.5M | −C$4.6M | −C$2.7M | −C$3.9M | −C$3.7M | −C$3.1M |
| Income taxes | −C$5,000 | −C$70,180 | C$235,000 | C$132,000 | — | — | — | C$65,000 | — | −C$90,540 | −C$120,000 | C$7,361 |
| Net income | −C$36.2M | C$21.2M | −C$44.1M | −C$7.9M | −C$8.8M | −C$40.4M | −C$22.5M | −C$4.6M | −C$2.7M | −C$3.9M | −C$3.5M | −C$3.1M |
| EBITDA | −C$36.0M | C$21.4M | −C$43.6M | −C$7.6M | −C$8.5M | −C$40.1M | −C$22.3M | −C$4.3M | −C$2.5M | −C$3.8M | −C$4.7M | −C$3.0M |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in NAK's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NAK financial results
Northern Dynasty Minerals reported no revenue in fiscal year 2025 (ended December 31, 2025). It had a net loss of C$104.4 million. Figures are in Canadian dollars, the currency of its financial statements.
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NAK income statement FAQ
Does Northern Dynasty Minerals have revenue?
Northern Dynasty Minerals reported no revenue for fiscal year 2025, which ended on December 31, 2025.
Is Northern Dynasty Minerals profitable?
No. Northern Dynasty Minerals reported a net loss of C$104.4 million in fiscal 2025.
When will Northern Dynasty Minerals report its next earnings?
Northern Dynasty Minerals is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Northern Dynasty Minerals's fiscal year end?
Northern Dynasty Minerals's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.