FMST: Foremost Clean Energy Ltd Financial Statements
Balance sheet, income statement, and cash flow statements for Foremost Clean Energy Ltd (FMST).
$8.37M Market Cap.
FMST Market Cap. (MRY)
FMST Shares Outstanding (MRY)
FMST Assets (MRY)
Total Assets
$27.74M
Total Liabilities
$3.25M
Total Investments
$903.73K
FMST Income (MRY)
Revenue
$0
Net Income
-$3.62M
Operating Expense
$5.82M
FMST Cash Flow (MRY)
CF Operations
-$3.78M
CF Investing
-$2.67M
CF Financing
$10.46M
FMST Balance Sheet (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Total Assets | $27,741,039 (67.13%) | $16,598,857 (24.80%) | $13,300,444 (67.98%) | $7,918,078 (14.35%) |
Assets Current | $5,360,540 (260.93%) | $1,485,213 (86.74%) | $795,349 (83.21%) | $434,117 (-15.96%) |
Assets Non-Current | $22,380,499 (48.08%) | $15,113,644 (20.86%) | $12,505,095 (67.09%) | $7,483,961 (16.79%) |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $24,492,262 (85.41%) | $13,209,537 (27.17%) | $10,387,622 (54.08%) | $6,741,746 (17.26%) |
Property Plant & Equipment Net | $21,324,785 (41.28%) | $15,094,413 (20.97%) | $12,477,791 (73.52%) | $7,191,122 (14.81%) |
Cash & Equivalents | $5,005,346 (401.41%) | $998,262 (73.74%) | $574,587 (144.03%) | $235,455 (-39.97%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $903,733 (0%) | $0 (0%) | $34,437 (-64.26%) | $96,360 (-33.90%) |
Investments Current | $0 (0%) | $0 (0%) | $31,537 (-44.50%) | $56,823 (15.00%) |
Investments Non-Current | $903,733 (0%) | $0 (0%) | $2,900 (-92.67%) | $39,537 (-58.97%) |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $231,857 (58.58%) | $146,209 (10.33%) | $132,515 (54.28%) | $85,891 (0%) |
Trade & Non-Trade Payables | $306,118 (-80.65%) | $1,582,188 (-2.44%) | $1,621,721 (57.07%) | $1,032,492 (5.64%) |
Accumulated Retained Earnings (Deficit) | -$24,455,404 (-13.85%) | -$21,481,123 (-20.21%) | -$17,869,111 (9.37%) | -$19,717,089 (-26.39%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $521,368 (-54.21%) | $1,138,520 (-11.82%) | $1,291,101 (797.60%) | $143,840 (-27.25%) |
Debt Current | $521,368 (-54.21%) | $1,138,520 (-11.82%) | $1,291,101 (1758.93%) | $69,454 (13.16%) |
Debt Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $74,386 (-45.44%) |
Total Liabilities | $3,248,777 (-4.15%) | $3,389,320 (16.36%) | $2,912,822 (147.62%) | $1,176,332 (0.11%) |
Liabilities Current | $3,248,777 (-4.15%) | $3,389,320 (16.36%) | $2,912,822 (164.33%) | $1,101,946 (6.09%) |
Liabilities Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $74,386 (-45.44%) |
FMST Income Statement (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Revenues | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $4,943,661 (37.79%) | $3,587,943 (32.07%) | $2,716,692 (83.68%) | $1,479,048 (75.08%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $5,816,540 (29.24%) | $4,500,605 (28.79%) | $3,494,444 (-11.65%) | $3,955,342 (50.53%) |
Interest Expense | $97,359 (-23.10%) | $126,606 (21.70%) | $104,031 (-7.51%) | $112,478 (0%) |
Income Tax Expense | $193,262 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$3,615,375 (19.16%) | -$4,472,170 (-567.52%) | $956,578 (123.04%) | -$4,150,922 (-58.90%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$3,615,375 (19.16%) | -$4,472,170 (-567.52%) | $956,578 (123.04%) | -$4,150,922 (-58.90%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$3,615,375 (19.16%) | -$4,472,170 (-567.52%) | $956,578 (123.04%) | -$4,150,922 (-58.90%) |
Weighted Average Shares | $7,512,279 (66.26%) | $4,518,348 (17.78%) | $3,836,323 (17.08%) | $3,276,627 (17.13%) |
Weighted Average Shares Diluted | $7,512,279 (66.26%) | $4,518,348 (14.89%) | $3,932,686 (20.02%) | $3,276,627 (17.13%) |
Earning Before Interest & Taxes (EBIT) | -$3,324,754 (23.49%) | -$4,345,564 (-509.72%) | $1,060,609 (126.26%) | -$4,038,444 (-54.59%) |
Gross Profit | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Income | -$5,816,540 (-29.24%) | -$4,500,605 (-28.79%) | -$3,494,444 (11.65%) | -$3,955,342 (-50.53%) |
FMST Cash Flow Statement (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$2,673,424 (-14.02%) | -$2,344,600 (-193.87%) | -$797,824 (3.38%) | -$825,706 (-163.00%) |
Net Cash Flow from Financing | $10,460,902 (59.39%) | $6,563,039 (81.65%) | $3,613,065 (74.42%) | $2,071,417 (37.55%) |
Net Cash Flow from Operations | -$3,780,394 (0.38%) | -$3,794,764 (-53.26%) | -$2,476,109 (-76.55%) | -$1,402,469 (-74.67%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $4,007,084 (845.79%) | $423,675 (24.93%) | $339,132 (316.34%) | -$156,758 (-140.30%) |
Net Cash Flow - Business Acquisitions and Disposals | -$656,450 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $3,571 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$2,016,974 (15.29%) | -$2,381,022 (-175.73%) | -$863,526 (3.13%) | -$891,408 (-183.92%) |
Issuance (Repayment) of Debt Securities | -$713,920 (-196.71%) | -$240,614 (-126.32%) | $914,115 (1376.22%) | -$71,627 (-267.47%) |
Issuance (Purchase) of Equity Shares | $11,850,379 (65.68%) | $7,152,668 (330.42%) | $1,661,807 (180.54%) | $592,365 (16.67%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $872,879 (-4.15%) | $910,700 (11.68%) | $815,428 (-67.15%) | $2,482,219 (39.23%) |
Depreciation Amortization & Accretion | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
FMST Financial Metrics (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Gross Margin | - | - | - | - |
Profit Margin | - | - | - | - |
EBITDA Margin | - | - | - | - |
Return on Average Equity (ROAE) | -18.90% (47.50%) | -36.00% (-421.43%) | 11.20% (116.84%) | -66.50% |
Return on Average Assets (ROAA) | -15.90% (45.92%) | -29.40% (-426.67%) | 9.00% (116.10%) | -55.90% |
Return on Sales (ROS) | - | - | - | - |
Return on Invested Capital (ROIC) | -19.20% (44.19%) | -34.40% (-389.08%) | 11.90% (118.28%) | -65.10% |
Dividend Yield | 0% (0%) | 0% | - | - |
Price to Earnings Ratio (P/E) | -2.43 (26.30%) | -3.3 | - | - |
Price to Sales Ratio (P/S) | - | - | - | - |
Price to Book Ratio (P/B) | 0.49 (-59.07%) | 1.2 | - | - |
Debt to Equity Ratio (D/E) | 0.13 (-48.25%) | 0.26 (-8.21%) | 0.28 (60.92%) | 0.17 (-14.71%) |
Earnings Per Share (EPS) | -0.48 (51.52%) | -0.99 (-496.00%) | 0.25 (119.69%) | -1.27 (-27.00%) |
Sales Per Share (SPS) | 0 (0%) | 0 (0%) | 0 (0%) | 0 (0%) |
Free Cash Flow Per Share (FCFPS) | -0.77 (43.53%) | -1.37 (-56.95%) | -0.87 (-24.43%) | -0.7 (-75.44%) |
Book Value Per Share (BVPS) | 3.26 (11.49%) | 2.92 (7.98%) | 2.71 (31.58%) | 2.06 (0.15%) |
Tangible Assets Book Value Per Share (TABVPS) | 3.69 (0.52%) | 3.67 (5.97%) | 3.47 (43.44%) | 2.42 (-2.34%) |
Enterprise Value Over EBIT (EV/EBIT) | -2 (50.00%) | -4 | - | - |
Enterprise Value Over EBITDA (EV/EBITDA) | -1.87 (47.71%) | -3.58 | - | - |
Asset Turnover | 0 (0%) | 0 (0%) | 0 (0%) | 0 |
Current Ratio | 1.65 (276.71%) | 0.44 (60.44%) | 0.27 (-30.71%) | 0.39 (-20.72%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$5,797,368 (6.13%) | -$6,175,786 (-84.92%) | -$3,339,635 (-45.59%) | -$2,293,877 (-105.38%) |
Enterprise Value (EV) | $4,323,702 (-62.23%) | $11,446,410 | - | - |
Earnings Before Tax (EBT) | -$3,422,113 (23.48%) | -$4,472,170 (-567.52%) | $956,578 (123.04%) | -$4,150,922 (-58.90%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$3,324,754 (23.49%) | -$4,345,564 (-509.72%) | $1,060,609 (126.26%) | -$4,038,444 (-54.59%) |
Invested Capital | $20,008,284 (49.88%) | $13,349,795 (20.22%) | $11,104,136 (65.13%) | $6,724,517 (18.15%) |
Working Capital | $2,111,763 (210.91%) | -$1,904,107 (10.08%) | -$2,117,473 (-217.07%) | -$667,829 (-27.90%) |
Tangible Asset Value | $27,741,039 (67.13%) | $16,598,857 (24.80%) | $13,300,444 (67.98%) | $7,918,078 (14.35%) |
Market Capitalization | $8,373,291 (-28.31%) | $11,679,401 | - | - |
Average Equity | $19,179,619 (54.51%) | $12,412,973 (44.93%) | $8,564,684 (37.13%) | $6,245,628 |
Average Assets | $22,777,623 (49.83%) | $15,202,225 (43.29%) | $10,609,261 (42.96%) | $7,421,326 |
Invested Capital Average | $17,313,489 (37.18%) | $12,620,876 (41.58%) | $8,914,326 (43.60%) | $6,207,936 |
Shares | 10,337,396 (112.42%) | 4,866,417 (22.26%) | 3,980,316 | - |
