Income Statement for BSFC

	Blue Star Foods Corp. (BSFC)
	Q2-CY2026	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014
Balance Sheet Date			2025-Dec-31	2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31											2021-Mar-31	2020-Dec-31	2020-Sep-30	2020-Jun-30	2020-Mar-31	2019-Dec-31	2019-Sep-30	2019-Jun-30	2019-Mar-31	2018-Dec-31		2018-Jul-31	2018-Apr-30	2018-Jan-31
Fiscal Period			Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024	Q4-FY2023											Q1-FY2021	Q4-FY2020	Q3-FY2020	Q2-FY2020	Q1-FY2020	Q4-FY2019	Q3-FY2019	Q2-FY2019	Q1-FY2019	Q4-FY2018		Q3-FY2018	Q2-FY2018	Q1-FY2018
Total Revenue			296,070$	462,260$	1,172,340$	960,758$	1,639,729$	259,779$	635,018$	1,059,355$	1,008,849$	1,561,679$	1,655,562$	1,898,439$								2,485,891$	2,694,500$	3,980,151$	2,865,103$	4,571,614$	4,705,051$	5,081,164$	7,532,474$	6,510,774$			8,805,238$	8,190,417$
QoQ%			(35.95%)	(60.57%)	22.02%	(41.41%)	531.20%	(59.09%)	(40.06%)	5.01%	(35.40%)	(5.67%)	(12.79%)									(7.74%)	(32.30%)	38.92%	(37.33%)	(2.84%)	(7.40%)	(32.54%)	15.69%				7.51%
YoY%			(81.94%)	77.94%	84.62%	(9.31%)	62.54%	(83.37%)	(61.64%)	(44.20%)												(45.62%)	(42.73%)	(21.67%)	(61.96%)	(29.78%)		(42.29%)	(8.03%)
Cost Of Revenue			(102,478$)	34,444$	919,650$	869,114$	2,645,251$	551,116$	587,516$	1,098,989$	1,191,350$	1,586,478$	1,574,547$	1,614,077$								2,183,112$	2,158,848$	3,433,789$	2,882,541$	4,148,398$	4,178,285$	4,409,657$	6,421,144$	5,600,914$			7,182,171$	7,507,068$
Gross Profit			398,548$	427,816$	252,690$	91,644$	(1,005,522$)	(291,337$)	47,502$	(39,634$)	(182,501$)	(24,799$)	81,015$	284,362$								302,779$	535,652$	546,362$	(17,438$)	423,216$	526,766$	671,507$	1,111,330$	909,860$			1,623,067$	683,479$
Gross Margin			134.61%	92.55%	21.55%	9.54%	(61.32%)	(112.15%)	7.48%	(3.74%)	(18.09%)	(1.59%)	4.89%	14.98%								12.18%	19.88%	13.73%	(.61%)	9.26%	11.20%	13.22%	14.75%	13.98%			18.43%	8.35%
Operating Expenses			858,914$	840,604$	746,565$	1,063,165$	4,555,602$	2,350,870$	931,015$	988,921$	1,283,035$	715,483$	1,157,267$	1,234,570$								746,867$	843,447$	713,180$	578,550$	1,000,208$	1,747,462$	1,707,095$	1,806,849$	1,910,964$	3,965,730$		1,052,748$	1,185,301$	2,500$
Operating Income			(460,366$)	(412,788$)	(493,875$)	(971,521$)	(5,561,124$)	(2,642,207$)	(883,513$)	(1,028,555$)	(1,465,536$)	(740,282$)	(1,076,252$)	(950,208$)								(444,088$)	(307,795$)	(166,818$)	(595,988$)	(576,992$)	(1,220,696$)	(1,035,588$)	(695,519$)	(1,001,104$)			570,319$	(501,822$)
Operating Margin			(155.49%)	(89.30%)	(42.13%)	(101.12%)	(339.15%)	(1,017.10%)	(139.13%)	(97.09%)	(145.27%)	(47.40%)	(65.01%)	(50.05%)								(17.86%)	(11.42%)	(4.19%)	(20.80%)	(12.62%)	(25.94%)	(20.38%)	(9.23%)	(15.38%)			6.48%	(6.13%)
Interest Income
Interest Expenses			(36,813$)	104,131$	171,923$	208,048$	415,226$	439,176$	871,249$	335,067$	301,799$	799,690$	315,787$	354,666$								110,534$	165,494$	188,501$	239,653$	276,655$	320,676$	252,650$	257,277$	238,193$			289,927$	266,297$
Income Before Tax			(1,249,799$)	(480,965$)	(651,818$)	(1,199,930$)	(6,117,720$)	(3,047,559$)	(2,033,757$)	(1,279,451$)	(622,662$)	(445,813$)	(1,451,735$)	(1,951,402$)								(478,104$)	(93,392$)	538$	(3,490,933$)	(853,647$)	(1,541,372$)	(1,288,238$)	(952,796$)	(1,239,297$)	(2,271,953$)		(6,046$)	(3,043$)	(2,500$)
Tax Expenses
Net Income			(1,249,799$)	(480,965$)	(651,818$)	(1,199,930$)	(6,117,720$)	(3,047,559$)	(2,033,757$)	(1,279,451$)	(622,662$)	(445,813$)	(1,451,735$)	(1,951,402$)								(478,104$)	(93,392$)	538$	(3,490,933$)	(853,647$)	(1,541,372$)	(1,288,238$)	(952,796$)	(1,239,297$)	(2,271,953$)		254,712$	(768,118$)	2,887$
Profit Margin			(422.13%)	(104.05%)	(55.60%)	(124.89%)	(373.09%)	(1,173.14%)	(320.27%)	(120.78%)	(61.72%)	(28.55%)	(87.69%)	(102.79%)								(19.23%)	(3.47%)	.01%	(121.84%)	(18.67%)	(32.76%)	(25.35%)	(12.65%)	(19.04%)			2.89%	(9.38%)
TTM			(123.90%)	(199.53%)	(273.20%)	(354.73%)	(347.22%)	(235.69%)	(102.74%)	(71.89%)	(73.01%)											(33.78%)	(31.45%)	(36.51%)	(41.66%)	(21.18%)	(21.07%)
Earnings to Minority																						28,260$	28,260$	28,260$	39,078$	25,019$	(7,804$)	5,677$	70,759$	8,992$			10,262$	(52,660$)
Earnings to Common Shareholders			(1,249,799$)	(480,965$)	(651,818$)	(1,199,930$)	(6,117,720$)	(3,047,559$)	(2,033,757$)	(1,279,451$)	(622,662$)	(445,813$)	(1,451,735$)	(1,951,402$)								(506,364$)	(121,652$)	(27,722$)	(3,530,011$)	(878,666$)	(1,533,568$)	(1,293,915$)	(1,023,555$)	(1,248,289$)	(2,271,953$)		244,450$	(715,458$)	2,887$
QoQ%			(159.85%)	26.21%	45.68%	80.39%	(100.74%)	(49.85%)	(58.96%)	(105.48%)	(39.67%)	69.29%	25.61%									(316.24%)	(338.83%)	99.22%	(301.75%)	42.70%	(18.52%)	(26.41%)	18.00%	45.06%	(1,029.41%)		134.17%	(24,882.06%)
YoY%			79.57%	84.22%	67.95%	6.22%	(882.51%)	(583.60%)	(40.09%)	34.43%												42.37%	92.07%	97.86%	(244.88%)	29.61%	32.50%	(629.32%)	(43.06%)	(43,338.28%)
Earnings Per Share, Basic			(0.01$)	(0.03$)	(0.04$)	(0.08$)	(0.81$)	(1.11$)	(1.68$)	(2.42$)	(0.04$)	(0.13$)	(30.68$)	(1.16$)								(0.03$)	(0.01$)	0.00$	(0.20$)	(0.05$)	(0.09$)	(0.08$)	(0.06$)	(0.08$)	(0.11$)		0.02$	(0.05$)	0.00$
Earnings Per Share, Diluted			(0.01$)	(0.03$)	(0.04$)	(0.08$)	(0.81$)	(1.11$)	(1.68$)	(2.42$)	0.13$	(0.13$)	(30.68$)	(1.16$)								(0.03$)	(0.01$)	0.00$	(0.20$)	(0.05$)	(0.09$)	(0.08$)	(0.06$)	(0.08$)	(0.11$)		0.02$	(0.05$)	0.00$
Unlevered FCF Per Share, Basic			0.00$	(0.01$)	0.01$	(0.03$)	(0.25$)	(0.61$)	(1.65$)	(1.33$)	(0.03$)	(0.48$)	(3.52$)	(0.84$)								0.02$	0.03$	0.04$	0.07$	0.10$	0.04$	(0.02$)	0.19$	(0.11$)	0.18$		0.00$	0.07$	0.00$
Unlevered FCF Per Share, Diluted			0.00$	(0.01$)	0.01$	(0.03$)	(0.25$)	(0.61$)	(1.65$)	(1.33$)	0.09$	(0.48$)	(3.52$)	(0.84$)								0.02$	0.03$	0.04$	0.07$	0.10$	0.04$	(0.02$)	0.19$	(0.11$)	0.18$		0.00$	0.07$	0.00$
Average Shares, Basic			100,515,533	18,087,244	16,640,461	14,452,810	7,536,246	2,749,904	1,209,792	527,750	15,156,791	3,437,050	47,316	1,688,843								19,594,888	18,916,365	18,701,736	17,822,158	17,589,705	16,689,446	16,045,616	16,045,616	16,026,386	20,589,536		15,000,000	15,000,000	10,000,000
Average Shares, Diluted			100,515,533	18,087,244	16,640,461	14,452,810	7,536,246	2,749,904	1,209,792	527,750	-4,766,609	3,437,050	47,316	1,688,843								19,594,888	18,916,365	18,701,736	17,822,158	17,589,705	16,689,446	16,045,616	16,045,616	16,026,386	20,589,536		15,000,000	15,000,000	10,000,000
EBIT			(1,286,612$)	(376,834$)	(479,895$)	(991,882$)	(5,702,494$)	(2,608,383$)	(1,162,508$)	(944,384$)	(320,863$)	353,877$	(1,135,948$)	(1,596,736$)								(367,570$)	72,102$	189,039$	(3,251,280$)	(576,992$)	(1,220,696$)	(1,035,588$)	(695,519$)	(1,001,104$)	(2,271,953$)		283,881$	263,254$	(2,500$)
EBITDA			(1,279,211$)	(370,565$)	(472,963$)	(985,496$)	(5,700,839$)	(2,606,848$)	(1,161,131$)	(943,085$)	(349,433$)	356,631$	(1,108,280$)	(1,594,067$)								(323,491$)	72,102$	189,039$	(3,251,280$)	(499,227$)	(1,220,696$)	(1,035,588$)	(695,519$)	(1,001,104$)	(2,271,953$)		283,881$	263,254$	(2,500$)