Income Statement for WSTRF

	Western Uranium & Vanadium Corp. (WSTRF)
	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-Sep-30	2018-Jun-30	2018-Mar-31	2017-Dec-31	2017-Sep-30	2017-Jun-30	2017-Mar-31	2016-Dec-31	2016-Sep-30	2016-Jun-30
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	Q4-FY2017	Q3-FY2017	Q2-FY2017	Q1-FY2017	Q4-FY2016	Q3-FY2016	Q2-FY2016
Total Revenue			25,326$	328,392$	30,509$	41,221$	36,768$	52,981$	39,781$	54,273$	73,157$	89,144$	102,789$	165,975$								16,155$	21,155$	11,155$	11,155$	11,155$	11,155$	11,155$	11,155$	11,155$	14,780$	11,155$	11,155$	11,155$	10,000$	10,000$	0$	28,164$				20,080$
QoQ%			(92.29%)	976.38%	(25.99%)	12.11%	(30.60%)	33.18%	(26.70%)	(25.81%)	(17.93%)	(13.28%)	(38.07%)									(23.64%)	89.65%	.00%	.00%	.00%	.00%	.00%	.00%	(24.53%)	32.50%	.00%	.00%	11.55%	.00%	.00%	(100.00%)
YoY%			(31.12%)	519.83%	(23.31%)	(24.05%)	(49.74%)	(40.57%)	(61.30%)	(67.30%)												44.82%	89.65%	.00%	.00%	.00%	(24.53%)	.00%	.00%	.00%	47.80%	11.55%	.00%	(60.39%)				40.26%
Cost Of Revenue			0$	0$	0$	0$	0$	0$	0$	0$	0$	0$	0$	0$								0$	0$	0$	0$	0$	0$	210,282$	17,500$	8,480$	15,979$	0$	300$	0$	(101,307$)	36,062$	32,222$	0$				0$
Gross Profit			25,326$	328,392$	30,509$	41,221$	36,768$	52,981$	39,781$	54,273$	73,157$	89,144$	102,789$	165,975$								16,155$	21,155$	11,155$	11,155$	11,155$	11,155$	(199,127$)	(6,345$)	2,675$	(1,199$)	11,155$	10,855$	11,155$	111,307$	(26,062$)	(32,222$)	28,164$				20,080$
Gross Margin			100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%								100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	(1,785.09%)	(56.88%)	23.98%	(8.11%)	100.00%	97.31%	100.00%	1,113.07%	(260.62%)		100.00%				100.00%
Operating Expenses			1,492,000$	1,500,184$	2,009,193$	2,709,995$	2,830,761$	2,354,645$	2,751,934$	2,581,240$	1,797,846$	1,188,684$	1,234,133$	1,306,302$								305,427$	311,358$	372,668$	458,441$	725,809$	379,235$	726,289$	456,842$	527,136$	723,430$	481,597$	356,879$	494,414$	352,072$	336,146$	463,219$	577,062$	612,115$	519,036$	137,846$	227,664$	234,181$	51,591$	88,535$
Operating Income			(1,466,674$)	(1,171,792$)	(1,978,684$)	(2,668,774$)	(2,793,993$)	(2,301,664$)	(2,712,153$)	(2,526,967$)	(1,724,689$)	(1,099,540$)	(1,131,344$)	(1,140,327$)								(289,272$)	(290,203$)	(361,513$)	(447,286$)	(714,654$)	(368,080$)	(715,134$)	(445,687$)	(515,981$)	(708,650$)	(470,442$)	(345,724$)	(483,259$)	(342,072$)	(326,146$)	(463,219$)	(577,062$)	(612,115$)	(519,036$)	(533,567$)	(207,584$)	(552,433$)	(435,462$)	(295,105$)
Operating Margin			(5,791.18%)	(356.83%)	(6,485.58%)	(6,474.31%)	(7,598.98%)	(4,344.32%)	(6,817.71%)	(4,656.03%)	(2,357.52%)	(1,233.44%)	(1,100.65%)	(687.05%)								(1,790.60%)	(1,371.79%)	(3,240.82%)	(4,009.74%)	(6,406.58%)	(3,299.69%)	(6,410.88%)	(3,995.40%)	(4,625.56%)	(4,794.66%)	(4,217.32%)	(3,099.27%)	(4,332.22%)	(3,420.72%)	(3,261.46%)		(2,048.94%)				(1,033.79%)
Interest Income			20,818$	44,080$	10,150$	31,159$	25,536$	62,492$	86,631$	50,079$
Interest Expenses																						2,342$	2,717$	4,920$	1,885$	3,816$	57,272$	2,267$	2,912$	2,894$	2,391$	7,863$	11,265$	14,605$	10,577$	10,911$	10,580$	28,164$	39,589$	25,135$	217,185$	20,080$	69,563$	31,756$	31,756$
Income Before Tax			(1,447,182$)	(1,122,592$)	(1,968,534$)	(2,637,615$)	(2,768,457$)	(2,241,170$)	(2,625,522$)	(2,476,888$)	(1,702,362$)	(1,060,042$)	(1,076,659$)	(1,103,531$)								(291,614$)	(219,804$)	(366,433$)	(1,088,183$)	(718,470$)	(425,352$)	(717,401$)	(448,599$)	(518,875$)	(711,041$)	(478,305$)	(356,989$)	(497,864$)	1,001,794$	(337,057$)	(473,799$)	(605,226$)	(651,704$)	(544,171$)	(750,752$)	(227,664$)	(598,484$)	(458,974$)	(326,861$)
Tax Expenses
Net Income			(1,447,182$)	(1,122,592$)	(1,968,534$)	(2,637,615$)	(2,768,457$)	(2,241,170$)	(2,625,522$)	(2,476,888$)	(1,702,362$)	(1,060,042$)	(1,076,659$)	(1,103,531$)								(291,614$)	(219,804$)	(366,433$)	(1,088,183$)	(718,470$)	(425,352$)	(717,401$)	(448,599$)	(518,875$)	(711,041$)	(478,305$)	(356,989$)	(497,864$)	1,001,794$	(337,057$)	(473,799$)	(605,226$)	(651,704$)	(544,171$)	(750,752$)	(227,664$)	(598,484$)	(458,974$)	(326,861$)
Profit Margin			(5,714.22%)	(341.85%)	(6,452.31%)	(6,398.72%)	(7,529.53%)	(4,230.14%)	(6,599.94%)	(4,563.76%)	(2,327.00%)	(1,189.13%)	(1,047.45%)	(664.88%)								(1,805.10%)	(1,039.02%)	(3,284.92%)	(9,755.11%)	(6,440.79%)	(3,813.11%)	(6,431.21%)	(4,021.51%)	(4,651.50%)	(4,810.83%)	(4,287.81%)	(3,200.26%)	(4,463.15%)	10,017.94%	(3,370.57%)		(2,148.94%)				(1,133.79%)
TTM			(1,686.68%)	(1,944.93%)	(5,954.82%)	(6,016.23%)	(5,501.56%)	(4,108.21%)	(3,067.94%)	(1,977.67%)	(1,146.60%)											(3,297.61%)	(4,380.98%)	(5,823.48%)	(6,610.05%)	(5,176.65%)	(4,729.33%)	(4,966.14%)	(4,470.56%)	(4,280.67%)	(4,237.12%)	(762.37%)	(449.34%)	(985.16%)	(860.16%)
Earnings to Minority
Earnings to Common Shareholders			(1,447,182$)	(1,122,592$)	(1,968,534$)	(2,637,615$)	(2,768,457$)	(2,241,170$)	(2,625,522$)	(2,476,888$)	(1,702,362$)	(1,060,042$)	(1,076,659$)	(1,103,531$)								(291,614$)	(219,804$)	(366,433$)	(1,088,183$)	(718,470$)	(425,352$)	(717,401$)	(448,599$)	(518,875$)	(711,041$)	(478,305$)	(356,989$)	(497,864$)	1,001,794$	(337,057$)	(473,799$)	(605,226$)	(651,704$)	(544,171$)	(750,752$)	(227,664$)	(598,484$)	(458,974$)	(326,861$)
QoQ%			(28.91%)	42.97%	25.37%	4.73%	(23.53%)	14.64%	(6.00%)	(45.50%)	(60.59%)	1.54%	2.44%									(32.67%)	40.02%	66.33%	(51.46%)	(68.91%)	40.71%	(59.92%)	13.54%	27.03%	(48.66%)	(33.98%)	28.30%	(149.70%)	397.22%	28.86%	21.72%	7.13%	(19.76%)	27.52%	(229.76%)	61.96%	(30.40%)	(40.42%)
YoY%			47.73%	49.91%	25.02%	(6.49%)	(62.62%)	(111.42%)	(143.86%)	(124.45%)												59.41%	48.32%	48.92%	(142.57%)	(38.47%)	40.18%	(49.99%)	(25.66%)	(4.22%)	(170.98%)	(41.91%)	24.65%	17.74%	253.72%	38.06%	36.89%	(165.84%)	(8.89%)	(18.56%)	(129.69%)
Earnings Per Share, Basic			(0.02$)	(0.02$)	(0.03$)	(0.04$)	(0.05$)	(0.04$)	(0.05$)	(0.05$)	(0.04$)	(0.02$)	(0.02$)	(0.03$)								(0.01$)	(0.01$)	(0.01$)	(0.04$)	(0.02$)	(0.01$)	(0.02$)	(0.02$)	(0.02$)	(0.03$)	(0.02$)	(0.02$)	(0.02$)	0.05$	(0.02$)	(0.02$)	(0.03$)	(0.04$)	(0.03$)	(0.05$)	(0.01$)		(0.04$)	(0.03$)
Earnings Per Share, Diluted			(0.02$)	(0.02$)	(0.03$)	(0.04$)	(0.05$)	(0.04$)	(0.05$)	(0.05$)	(0.04$)	(0.02$)	(0.02$)	(0.03$)								(0.01$)	(0.01$)	(0.01$)	(0.04$)	(0.02$)	(0.01$)	(0.02$)	(0.02$)	(0.02$)	(0.03$)	(0.02$)	(0.02$)	(0.02$)	0.05$	(0.02$)	(0.02$)	(0.03$)	(0.04$)	(0.03$)	(0.05$)	(0.01$)		(0.04$)	(0.03$)
Unlevered FCF Per Share, Basic			(0.01$)	(0.02$)	(0.02$)	(0.04$)	(0.04$)	(0.04$)	(0.04$)	(0.03$)	(0.03$)	(0.03$)	(0.02$)	(0.01$)								(0.01$)	(0.01$)	(0.02$)	0.00$	(0.02$)	(0.01$)	(0.02$)	(0.02$)	(0.01$)	(0.01$)	(0.03$)	(0.02$)	(0.02$)	(0.02$)	(0.01$)	(0.02$)	(0.03$)	(0.03$)	(0.04$)		(0.01$)		(0.03$)
Unlevered FCF Per Share, Diluted			(0.01$)	(0.02$)	(0.02$)	(0.04$)	(0.04$)	(0.04$)	(0.04$)	(0.03$)	(0.03$)	(0.03$)	(0.02$)	(0.01$)								(0.01$)	(0.01$)	(0.02$)	0.00$	(0.02$)	(0.01$)	(0.02$)	(0.02$)	(0.01$)	(0.01$)	(0.03$)	(0.02$)	(0.02$)	(0.02$)	(0.01$)	(0.02$)	(0.03$)	(0.03$)	(0.04$)		(0.01$)		(0.03$)
Average Shares, Basic			71,035,063	65,298,332	60,503,217	59,385,248	57,350,908	55,223,113	55,223,113	52,539,766	45,479,716	43,609,774	43,602,565	43,602,565								32,707,343	30,083,747	30,083,747	30,083,747	30,083,747	30,102,219	30,083,747	29,275,781	25,976,837	26,035,452	24,391,393	21,129,031	20,510,500	20,111,953	19,663,144	19,574,709	18,928,210	17,931,915	17,301,151	16,621,904	16,327,302		12,720,697	11,916,703
Average Shares, Diluted			71,035,063	65,298,332	60,503,217	59,385,248	57,350,908	55,223,113	55,223,113	52,539,766	45,479,716	43,609,774	43,602,565	43,602,565								32,707,343	30,083,747	30,083,747	30,083,747	30,083,747	30,102,219	30,083,747	29,275,781	25,976,837	26,035,452	24,391,393	21,129,031	20,510,500	20,111,953	19,663,144	19,574,709	18,928,210	17,931,915	17,301,151	16,621,904	16,327,302		12,720,697	11,916,703
EBIT			(1,447,182$)	(1,122,592$)	(1,968,534$)	(2,637,615$)	(2,768,457$)	(2,241,170$)	(2,625,522$)	(2,476,888$)	(1,702,362$)	(1,060,042$)	(1,076,659$)	(1,103,531$)								(289,272$)	(217,087$)	(361,513$)	(1,086,298$)	(714,654$)	(368,080$)	(715,134$)	(445,687$)	(515,981$)	(708,650$)	(470,442$)	(345,724$)	(483,259$)	1,012,371$	(326,146$)	(463,219$)	(577,062$)	(612,115$)	(519,036$)	(533,567$)	(207,584$)	(528,921$)	(427,218$)	(295,105$)
EBITDA			(1,447,182$)	(1,122,592$)	(1,968,534$)	(2,637,615$)	(2,768,457$)	(2,241,170$)	(2,625,522$)	(2,476,888$)	(1,702,362$)	(1,060,042$)	(1,076,659$)	(1,103,531$)								(289,272$)	(217,087$)	(361,513$)	(1,086,298$)	(714,654$)	(368,080$)	(715,134$)	(445,687$)	(515,981$)	(708,650$)	(470,442$)	(345,724$)	(483,259$)	1,012,371$	(326,146$)	(463,219$)	(577,062$)	(612,115$)	(519,036$)	(533,567$)	(207,584$)	(528,921$)	(427,218$)	(295,105$)