First Phosphate Corp. (PHOS) Income Statement
PHOS FY2026 at a glance
Fiscal year ended February 28, 2026 · Canadian dollarsPHOS revenue and net income
PHOS 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.
PHOS income statement in Canadian dollars
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 |
| Cost of revenue | C$13,477 | C$0 | — | — |
| Gross profit | −C$13,477 | C$0 | — | — |
| Research & development | C$2.9M | C$1.1M | C$1.3M | C$377,387 |
| Sales, general & admin | C$5.3M | C$3.3M | C$3.6M | C$1.5M |
| Total operating expenses | C$24.6M | C$8.6M | C$8.6M | C$3.3M |
| Operating income | −C$24.6M | −C$8.6M | −C$8.6M | −C$3.3M |
| Interest income | C$256,504 | C$136,788 | C$57,712 | C$0 |
| Interest expense | C$334,504 | C$399,604 | C$66,515 | C$0 |
| Income before taxes | −C$23.4M | −C$7.6M | −C$8.3M | −C$3.2M |
| Net income | −C$23.4M | −C$7.6M | −C$8.3M | −C$3.2M |
| EBITDA | −C$23.1M | −C$7.2M | −C$8.2M | −C$3.2M |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | |
|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$0 |
| Cost of revenue | C$13,547 | C$10,392 | C$3,085 | — | C$0 |
| Gross profit | −C$13,547 | −C$10,392 | −C$3,085 | — | C$0 |
| Research & development | C$1.4M | C$2.0M | C$588,515 | C$143,083 | C$131,153 |
| Sales, general & admin | C$2.2M | C$2.8M | C$1.3M | C$601,500 | C$604,733 |
| Total operating expenses | C$8.2M | C$14.5M | C$5.8M | C$2.3M | C$2.0M |
| Operating income | −C$8.2M | −C$14.5M | −C$5.8M | −C$2.3M | −C$2.0M |
| Interest income | C$96,906 | C$222,139 | C$4,131 | C$17,620 | C$12,614 |
| Interest expense | C$12,801 | C$1,926 | C$0 | C$99,774 | C$99,773 |
| Income before taxes | −C$8.0M | −C$13.9M | −C$5.8M | −C$2.0M | −C$1.7M |
| Net income | −C$8.0M | −C$13.9M | −C$5.8M | −C$2.0M | −C$1.7M |
| EBITDA | −C$8.0M | −C$13.9M | −C$5.8M | −C$1.9M | −C$1.6M |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in PHOS's financial statements (latest annual report filed —); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PHOS financial results
First Phosphate Corp. reported no revenue in fiscal year 2026 (ended February 28, 2026). It had a net loss of C$23.4 million. Figures are in Canadian dollars, the currency of its financial statements.
See the PHOS stock overview for the latest quote and news, or the PHOS chart for price history and technical indicators.
PHOS income statement FAQ
Does First Phosphate Corp. have revenue?
First Phosphate Corp. reported no revenue for fiscal year 2026, which ended on February 28, 2026.
Is First Phosphate Corp. profitable?
No. First Phosphate Corp. reported a net loss of C$23.4 million in fiscal 2026.
How much does First Phosphate Corp. spend on research and development?
First Phosphate Corp. spent C$2.9 million on research and development in fiscal 2026.
When does First Phosphate Corp.'s fiscal year end?
First Phosphate Corp.'s fiscal year ends in February. The latest annual report covers the year ended February 28, 2026.