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Financials · NAK

Northern Dynasty Minerals Ltd. (NAK) financials

For fiscal 2025 (ended Dec 31, 2025), Northern Dynasty Minerals Ltd. reported -C$104.37M of net income. Figures are in CAD, the currency of its SEC filings.

Net income, FY2025
-C$104.37M
Cash
C$54.73M
Annual revenueC$146.0K
FY2016FY2020
Annual net income-C$104.37M
FY2016FY2025
Annual free cash flow-C$64.12M
FY2017FY2018

NAK revenue and earnings growth

NAK net incomeFY2025-C$104.37M

NAK net income was -C$104.37M for fiscal 2025 (ended Dec 31, 2025), compared with -C$36.15M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue-----C$146.0KC$237.0KC$684.0KC$462.0K-C$33.0K
Cost of revenue----C$635.0K-----
Gross profit----C$688.0K-----
Selling, general and adminC$3.17MC$3.13MC$3.15MC$2.95MC$3.8K-C$11.54M-C$9.37MC$8.65MC$9.38M-C$6.73M
Operating income-C$23.22M-C$18.34MC$22.35MC$24.61MC$31.23MC$62.54MC$68.77MC$66.21MC$64.19MC$27.10M
Interest expenseC$71.0KC$65.0KC$55.0KC$67.0KC$67.0KC$108.0KC$134.0K---
Pre-tax income-C$104.00M-C$36.08MC$21.11MC$24.34MC$31.54MC$63.87MC$69.19MC$15.96MC$64.86MC$26.98M
Income taxC$367.0KC$65.0K-C$110.0KC$107.0KC$0C$0C$0---
Net income-C$104.37M-C$36.15MC$21.00MC$24.44MC$31.54MC$63.87MC$69.19MC$15.96MC$64.86MC$26.98M
Diluted shares545,437537,851530,272529,779521.5M473.7M358,343312.3M300.5M246.2M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalentsC$54.73MC$16.14MC$18.20MC$14.17MC$22.29MC$42.46MC$14.04MC$14.87MC$67.16MC$7.20M
ReceivablesC$2.11MC$1.91MC$2.91MC$2.66MC$1.87MC$1.48MC$914.0KC$1.39MC$994.0KC$679.0K
Current assetsC$56.84MC$18.05MC$21.13MC$16.84MC$24.16MC$43.94MC$14.95MC$16.26MC$68.15MC$7.88M
Total assetsC$120.98MC$137.16MC$143.85MC$145.22MC$159.28MC$180.37MC$154.62MC$161.92MC$202.62MC$150.35M
Current liabilitiesC$102.90MC$39.41MC$20.23MC$2.07MC$2.42MC$7.41MC$15.19MC$6.52MC$11.32MC$1.50M
Total liabilitiesC$103.26MC$39.96MC$20.56MC$2.53MC$3.79MC$8.07MC$16.12MC$13.71MC$65.12MC$1.50M
Shareholders' equityC$17.73MC$97.20MC$123.28MC$142.69MC$155.49MC$172.31MC$138.50MC$148.21MC$137.50MC$148.85M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-C$23.21M-C$17.14M-C$22.11M-C$23.96M-C$32.48M-C$57.82M-C$64.74M-C$64.10M-C$43.02M-C$24.01M
Capital expenditures-------C$20.0KC$473.0K-
Free cash flow--------C$64.12M-C$43.49M-
Investing cash flowC$50.54MC$14.59MC$2.95MC$15.67MC$164.0KC$130.0KC$220.0KC$652.0K-C$59.0KC$1.80M
Financing cash flowC$11.96M-C$123.0KC$23.31M-C$129.0KC$12.19MC$87.97MC$63.83MC$10.59MC$104.69MC$21.97M
Stock-based compensation----C$11.46MC$21.61M--C$232.0KC$209.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY------38.4%-65.4%48.1%--
Net income growth, YoY---14.1%-22.5%-50.6%-7.7%333.6%-75.4%140.4%-
Operating margin-----42838.4%29014.8%9680.4%13894.8%-
Net margin-----43747.9%29195.4%2332.9%14040.0%-
Free cash flow margin--------9374.6%-9413.9%-
Return on equity-588.7%-37.2%17.0%17.1%20.3%37.1%50.0%10.8%47.2%18.1%
Return on assets-86.3%-26.4%14.6%16.8%19.8%35.4%44.7%9.9%32.0%17.9%
Current ratio0.550.461.048.139.975.930.982.496.025.25

Source: XBRL data Northern Dynasty Minerals Ltd. files with the SEC, latest filing dated Mar 31, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

NAK peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NAK---C$104.37M-$368.1M
NEM$26.61B+23.7%$9.24B34.7%$130.07B
AEM$11.91B+43.7%$4.46B37.5%$101.51B
B$16.96B+31.2%$4.99B29.4%$69.56B
WPM$2.31B+80.2%$1.47B63.6%$65.38B
FNV$1.82B+63.7%$1.11B61.0%$50.81B
AU$9.89B+70.8%$3.17B32.1%$50.26B
GFI$8.75B+68.2%$3.57B40.8%$36.73B
KGC$7.05B+36.9%$2.39B33.9%$26.92B

NAK FAQ

4 questions
  • Is NAK profitable?
    No. Northern Dynasty Minerals Ltd. reported a net loss of C$104.37M for fiscal 2025 (ended Dec 31, 2025).
  • How much cash and debt does NAK have?
    Northern Dynasty Minerals Ltd. reported C$54.73M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • When did NAK last report financial results?
    The latest statements here come from Northern Dynasty Minerals Ltd.'s 40-F filed on Mar 31, 2026, covering the period ended Dec 31, 2025.
  • Where does this NAK financial data come from?
    Quantisnow builds these statements from the structured XBRL data Northern Dynasty Minerals Ltd. files with the SEC. It is provided for information only and is not investment advice.