Income Statement Orla Mining Ltd.

Equities

OLA

CA68634K1066

Gold

Market Closed - Toronto S.E. Other stock markets 04:16:11 2026-04-10 pm EDT			5-day change	1st Jan Change
25.00 ^CAD	+1.87%		+5.53%	+35.43%

Apr. 09	Orla Mining Posts Additional High-Grade Gold Mineralization at Musselwhite Mine	MT
Apr. 09	Orla Mining Adds Stacked Extension Zones Expand Mine Trend by More Than Two Kms, Providing "Significant Mine Life Extension Potential"	MT

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Published financial data: ORLA MINING LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	4.09M	193M	234M	344M	1.06B
Total Revenues	4.09M	193M	234M	344M	1.06B
Cost of Goods Sold, Total	1.36M	50.42M	63.47M	85.6M	350M
Gross Profit	2.73M	143M	170M	258M	708M
Selling General & Admin Expenses, Total	6.54M	10.61M	12.96M	16.5M	34.1M
Exploration / Drilling Costs, Total	15.11M	18.94M	34.62M	34.6M	43.34M
Stock-Based Compensation (IS)	2.33M	2.45M	3.22M	4.82M	9.48M
Depreciation & Amortization - (IS)	154K	15.23M	29.15M	41.09M	146M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	72.74M	-	-
Other Operating Expenses	223K	-	-	504K	3.07M
Other Operating Expenses, Total	24.36M	47.23M	153M	97.5M	236M
Operating Income	-21.63M	95.59M	17.49M	161M	472M
Interest Expense, Total	-1.41M	-8.89M	-11.84M	-5.9M	-27.47M
Interest And Investment Income	343K	2.17M	5.39M	10.84M	8.32M
Net Interest Expenses	-1.07M	-6.72M	-6.45M	4.95M	-19.15M
Currency Exchange Gains (Loss)	-3.13M	3.01M	-1.44M	8.25M	-8.54M
Other Non Operating Income (Expenses)	-673K	-260K	-451K	2.64M	-171M
EBT, Excl. Unusual Items	-26.5M	91.62M	9.14M	177M	273M
Merger & Related Restructuring Charges	-	-	-	-	-11.99M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	220K	-13.22M	-1.55M	-400K	-
EBT, Incl. Unusual Items	-26.28M	78.4M	7.59M	176M	261M
Income Tax Expense	-	32.63M	34.6M	87.28M	154M
Earnings From Continuing Operations	-26.28M	45.77M	-27.01M	88.98M	107M
Net Income to Company	-26.28M	45.77M	-27.01M	88.98M	107M
Net Income - (IS)	-26.28M	45.77M	-27.01M	88.98M	107M
Net Income to Common Incl Extra Items	-26.28M	45.77M	-27.01M	88.98M	107M
Net Income to Common Excl. Extra Items	-26.28M	45.77M	-27.01M	88.98M	107M
Per Share Items
Net EPS - Basic	-0.11	0.17	-0.09	0.28	0.33
Basic EPS - Continuing Operations	-0.11	0.17	-0.09	0.28	0.33
Basic Weighted Average Shares Outstanding	241M	272M	311M	319M	329M
Net EPS - Diluted	-0.11	0.16	-0.09	0.27	0.3
Diluted EPS - Continuing Operations	-0.11	0.16	-0.09	0.27	0.3
Diluted Weighted Average Shares Outstanding	241M	293M	311M	334M	352M
Normalized Basic EPS	-0.07	0.21	0.02	0.35	0.52
Normalized Diluted EPS	-0.07	0.2	0.02	0.33	0.48
Dividend Per Share	-	-	-	-	0.02
Supplemental Items
EBITDA	-21.47M	110M	118M	201M	619M
EBITA	-21.63M	95.59M	17.49M	161M	475M
EBIT	-21.63M	95.59M	17.49M	161M	472M
EBITDAR	-16.6M	126M	131M	220M	644M
Effective Tax Rate - (Ratio)	-	41.62	455.68	49.52	59.05
Total Current Taxes	-	25.66M	23.96M	53.89M	130M
Total Deferred Taxes	-	-2.4M	2.58M	15.72M	-9.42M
Normalized Net Income	-16.56M	57.26M	5.71M	110M	171M
Interest Capitalized	14.08M	-	-	-	-
Interest on Long-Term Debt	15.5M	8.38M	11.3M	5.9M	27.47M
Supplemental Operating Expense Items
General and Administrative Expenses	3.61M	5.16M	6.27M	16.5M	34.1M
Exploration/Drilling Costs	15.11M	18.94M	34.62M	34.6M	43.34M
Net Rental Expense, Total	4.86M	15.86M	13.22M	19.41M	24.82M
Imputed Operating Lease Interest Expense	6.17M	7.24M	10.43M	19.61M	29.6M
Imputed Operating Lease Depreciation	-1.31M	8.62M	2.8M	-193K	-4.79M
Stock-Based Compensation - Exploration Costs / Drilling Costs, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	2.33M	398K	2.76M	4.82M	9.48M
Total Stock-Based Compensation	2.33M	398K	2.76M	4.82M	9.48M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	20.52M	96.28M	96.63M	161M	421M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	20.52M	96.28M	96.63M	161M	421M
Accounts Receivable, Total	306K	365K	379K	229K	9.91M
Other Receivables	16.78M	8.66M	15.57M	8.48M	16.68M
Total Receivables	17.08M	9.02M	15.95M	8.71M	26.59M
Inventory	9.66M	22.45M	29.45M	29.21M	85.72M
Prepaid Expenses	1.09M	2.82M	3.14M	3.33M	6.04M
Restricted Cash	-	2.29M	-	-	-
Other Current Assets, Total	-	-	-	2.52M	32M
Total Current Assets	48.34M	133M	145M	205M	571M
Gross Property Plant And Equipment	305M	490M	436M	477M	1.75B
Accumulated Depreciation	-1.05M	-22.47M	-54.33M	-92.41M	-245M
Net Property Plant And Equipment	304M	467M	382M	385M	1.5B
Deferred Tax Assets Long-Term	-	2.4M	-	-	-
Other Long-Term Assets, Total	12.42M	11.39M	8.88M	9.15M	4.53M
Total Assets	365M	614M	536M	598M	2.08B
Liabilities
Accounts Payable, Total	5.97M	9.85M	9.79M	11.34M	54.42M
Accrued Expenses, Total	4.07M	7.44M	9.06M	8.96M	46.46M
Current Portion of Long-Term Debt	10.29M	45M	-	-	20M
Current Portion of Leases	372K	846K	915K	833K	4.17M
Current Income Taxes Payable	-	33.1M	8M	28.97M	90.69M
Unearned Revenue Current, Total	-	-	-	-	125M
Other Current Liabilities	17.07M	1.54M	891K	1.46M	189M
Total Current Liabilities	37.77M	97.78M	28.66M	51.56M	530M
Long-Term Debt	113M	101M	88.35M	-	336M
Long-Term Leases	1.03M	2.33M	1.99M	1.35M	6.35M
Unearned Revenue Non Current	-	7.5M	8.18M	8.66M	176M
Deferred Tax Liability Non Current	-	-	193K	17.57M	245M
Other Non Current Liabilities	28.42M	8.43M	7.87M	11.76M	130M
Total Liabilities	180M	217M	135M	90.9M	1.42B
Common Stock, Total	269M	445M	474M	495M	544M
Retained Earnings	-117M	-70.76M	-97.77M	-8.79M	93.01M
Comprehensive Income and Other	31.75M	22.43M	23.95M	21.4M	18.75M
Total Common Equity	184M	397M	401M	507M	656M
Total Equity	184M	397M	401M	507M	656M
Total Liabilities And Equity	365M	614M	536M	598M	2.08B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	248M	307M	315M	322M	346M
ECS Total Common Shares Outstanding	248M	306M	315M	322M	340M
Book Value / Share	0.74	1.3	1.27	1.58	1.93
Tangible Book Value	184M	397M	401M	507M	656M
Tangible Book Value Per Share	0.74	1.3	1.27	1.58	1.93
Total Debt	125M	149M	91.26M	2.18M	366M
Net Debt	104M	52.69M	-5.37M	-159M	-54.52M
Debt Equivalent Oper. Leases	38.92M	127M	106M	155M	199M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	3.14M	5.08M	4.9M	5.68M	35.74M
Inventories - Work In Process, Total	6.51M	15.96M	20.51M	15.01M	38.69M
Inventories - Finished Goods, Total	-	1.41M	4.04M	8.52M	11.29M
Buildings, Total	66K	72.01M	71.22M	83.48M	137M
Machinery, Total	6.07M	52.34M	54.05M	56.94M	226M
Full Time Employees	206	294	327	354	1.08K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	-26.28M	45.77M	-27.01M	88.98M	107M
Depreciation & Amortization - CF	154K	15.23M	29.15M	41.09M	146M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	3.07M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	72.74M	-	-
Depreciation & Amortization, Total	154K	15.23M	102M	41.09M	149M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	205K
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Stock-Based Compensation (CF)	2.33M	2.45M	3.22M	4.82M	9.48M
Other Operating Activities, Total	5.7M	47.64M	-9.21M	37.93M	517M
Change In Accounts Receivable	-604K	-47K	-294K	-504K	-7.57M
Change In Inventories	-10.85M	-9.18M	-5.64M	-1.4M	-1.65M
Change In Accounts Payable	3.34M	3.38M	2.9M	1.59M	37.35M
Change in Other Net Operating Assets	1.47M	-9.94M	-574K	2.1M	-7.25M
Cash from Operations	-24.74M	95.31M	65.3M	175M	803M
Capital Expenditure	-96.24M	-17.98M	-20.85M	-29.43M	-117M
Sale of Property, Plant, and Equipment	-	-	-	-	492K
Cash Acquisitions	-	-1.23M	-	-2.67M	-794M
Other Investing Activities, Total	-17.02M	5.85M	-20.87M	10.16M	-8.85M
Cash from Investing	-113M	-13.36M	-41.73M	-21.94M	-920M
Long-Term Debt Issued, Total	50M	130M	-	-	450M
Total Debt Issued	50M	130M	-	-	450M
Long-Term Debt Repaid, Total	-649K	-144M	-37.53M	-89.7M	-67.49M
Total Debt Repaid	-649K	-144M	-37.53M	-89.7M	-67.49M
Issuance of Common Stock	49.2M	20.02M	26.19M	9.02M	41.49M
Repurchase of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-12.6M	-10.94M	-11.8M	-5.89M	-47.32M
Cash from Financing	85.95M	-5.38M	-23.13M	-86.56M	377M
Foreign Exchange Rate Adjustments	393K	-814K	-83K	-1.9M	-56K
Net Change in Cash	-51.66M	75.76M	354K	64.22M	260M
Supplemental Items
Cash Interest Paid	11.31M	8.82M	11.8M	5.89M	22.55M
Cash Income Tax Paid (Refund)	-	-	22.15M	42.7M	109M
Levered Free Cash Flow	-116M	82.91M	51.18M	141M	667M
Unlevered Free Cash Flow	-115M	88.46M	58.58M	145M	685M
Change In Net Working Capital	7.4M	-31.07M	36.15M	-27.76M	-348M
Net Debt Issued / Repaid	49.35M	-14.46M	-37.53M	-89.7M	383M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	-4.47	12.21	1.9	17.72	22.03
Return on Total Capital	-5	13.38	2.11	20.07	38.49
Return On Equity %	-15.23	15.74	-6.77	19.6	18.37
Return on Common Equity	-15.23	15.74	-6.77	19.6	18.37
Margin Analysis
Gross Profit Margin %	66.81	73.91	72.84	75.11	66.92
SG&A Margin	159.99	5.49	5.55	4.8	3.22
EBITDA Margin %	-524.71	56.95	50.62	58.33	58.51
EBITA Margin %	-528.62	49.47	7.48	46.76	44.88
EBIT Margin %	-528.62	49.47	7.48	46.76	44.59
Income From Continuing Operations Margin %	-642.34	23.69	-11.56	25.87	10.1
Net Income Margin %	-642.34	23.69	-11.56	25.87	10.1
Net Avail. For Common Margin %	-642.34	23.69	-11.56	25.87	10.1
Normalized Net Income Margin	-404.82	29.63	2.45	32.1	16.13
Levered Free Cash Flow Margin	-2.82K	42.91	21.91	41.02	63.08
Unlevered Free Cash Flow Margin	-2.8K	45.78	25.07	42.09	64.71
Asset Turnover
Asset Turnover	0.01	0.39	0.41	0.61	0.79
Fixed Assets Turnover	0.02	0.5	0.55	0.9	1.12
Receivables Turnover (Average Receivables)	-	575.95	628.07	1.13K	208.76
Inventory Turnover (Average Inventory)	-	3.14	2.45	2.92	6.09
Short Term Liquidity
Current Ratio	1.28	1.36	5.07	3.97	1.08
Quick Ratio	1	1.08	3.93	3.29	0.84
Operating Cash Flow to Current Liabilities	-0.66	0.97	2.28	3.39	1.52
Days Sales Outstanding (Average Receivables)	-	0.63	0.58	0.32	1.75
Days Outstanding Inventory (Average Inventory)	-	116.21	149.23	125.42	59.94
Average Days Payable Outstanding	-	51.56	50.86	45.31	29.53
Cash Conversion Cycle (Average Days)	-	65.28	98.95	80.44	32.16
Long Term Solvency
Total Debt/Equity	67.76	37.52	22.78	0.43	55.82
Total Debt / Total Capital	40.39	27.29	18.56	0.43	35.82
LT Debt/Equity	61.97	25.98	22.56	0.27	52.13
Long-Term Debt / Total Capital	36.94	18.89	18.37	0.26	33.46
Total Liabilities / Total Assets	49.46	35.33	25.24	15.19	68.43
EBIT / Interest Expense	-15.29	10.75	1.48	27.27	17.17
EBITDA / Interest Expense	-14.93	12.47	10.08	34.23	22.6
(EBITDA - Capex) / Interest Expense	-83	10.44	8.32	29.24	18.32
Total Debt / EBITDA	-5.92	1.34	0.76	0.01	0.59
Net Debt / EBITDA	-4.95	0.48	-0.05	-0.79	-0.09
Total Debt / (EBITDA - Capex)	-1.06	1.6	0.93	0.01	0.73
Net Debt / (EBITDA - Capex)	-0.89	0.57	-0.05	-0.92	-0.11
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	4.59K	20.91	47.2	207.6
Gross Profit, 1 Yr. Growth %	-	5.13K	19.16	51.8	174.07
EBITDA, 1 Yr. Growth %	-6.88	-618.06	7.46	71.06	208.36
EBITA, 1 Yr. Growth %	-6.46	-546.6	-81.71	874.9	195.06
EBIT, 1 Yr. Growth %	-6.46	-546.6	-81.71	874.9	194.08
Earnings From Cont. Operations, 1 Yr. Growth %	-5.11	-274.18	-159.01	-429.44	20.13
Net Income, 1 Yr. Growth %	-5.11	-274.18	-159.01	-429.44	20.13
Normalized Net Income, 1 Yr. Growth %	-7.76	-448.65	-90.02	2.23K	54.9
Diluted EPS Before Extra, 1 Yr. Growth %	-14.66	-245.45	-156.25	-400	11.11
Accounts Receivable, 1 Yr. Growth %	-	19.28	3.84	-39.58	4.23K
Inventory, 1 Yr. Growth %	-	132.43	31.21	-0.81	193.43
Net Property, Plant and Equip., 1 Yr. Growth %	96.56	53.61	-18.29	0.75	290.74
Total Assets, 1 Yr. Growth %	52.55	68.22	-12.71	11.68	247.34
Tangible Book Value, 1 Yr. Growth %	14.84	115.26	0.9	26.69	29.31
Common Equity, 1 Yr. Growth %	14.84	115.26	0.9	26.69	29.31
Cash From Operations, 1 Yr. Growth %	36.5	-485.22	-31.49	167.43	360.01
Capital Expenditures, 1 Yr. Growth %	207.47	-81.32	16	41.11	299.22
Levered Free Cash Flow, 1 Yr. Growth %	180.08	-163.5	-38.27	172.4	372.22
Unlevered Free Cash Flow, 1 Yr. Growth %	196.65	-168.29	-33.78	147.75	372.06
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	652.69	33.41	112.79
Gross Profit, 2 Yr. CAGR %	-	-	689.1	34.49	103.97
EBITDA, 2 Yr. CAGR %	2.13	118.5	135.95	35.02	129.73
EBITA, 2 Yr. CAGR %	2.37	103.34	-9.61	29.71	436.51
EBIT, 2 Yr. CAGR %	2.37	103.34	-9.61	29.71	434.77
Earnings From Cont. Operations, 2 Yr. CAGR %	8.87	28.56	1.38	39.43	98.94
Net Income, 2 Yr. CAGR %	8.87	28.56	1.38	39.43	98.94
Normalized Net Income, 2 Yr. CAGR %	9.32	78.59	-41.02	38.86	499.62
Diluted EPS Before Extra, 2 Yr. CAGR %	-5.32	11.99	-9.55	29.9	82.57
Accounts Receivable, 2 Yr. CAGR %	-	-	11.29	-20.79	411.25
Inventory, 2 Yr. CAGR %	-	-	74.63	14.08	70.6
Net Property, Plant and Equip., 2 Yr. CAGR %	55.41	73.76	12.03	-9.27	98.41
Total Assets, 2 Yr. CAGR %	55.44	60.19	21.17	-1.27	96.95
Tangible Book Value, 2 Yr. CAGR %	21.39	57.23	47.37	13.06	27.99
Common Equity, 2 Yr. CAGR %	21.39	57.23	47.37	13.06	27.99
Cash From Operations, 2 Yr. CAGR %	13.05	129.31	62.45	35.36	250.74
Capital Expenditures, 2 Yr. CAGR %	7.91K	-24.21	-53.45	27.94	137.35
Levered Free Cash Flow, 2 Yr. CAGR %	221.42	41.76	-37.39	30.44	258.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	232.25	51.28	-32.75	27.92	242.28
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	336.9	76.25
Gross Profit, 3 Yr. CAGR %	-	-	-	355.52	70.51
EBITDA, 3 Yr. CAGR %	-2.92	74.88	72.47	111.37	77.83
EBITA, 3 Yr. CAGR %	-2.85	66.69	-8.89	95.86	70.63
EBIT, 3 Yr. CAGR %	-2.85	66.69	-8.89	95.86	70.26
Earnings From Cont. Operations, 3 Yr. CAGR %	3.59	27.33	-0.83	50.16	32.68
Net Income, 3 Yr. CAGR %	3.59	27.33	-0.83	50.16	32.68
Normalized Net Income, 3 Yr. CAGR %	4.47	60.47	-31.73	88.73	43.91
Diluted EPS Before Extra, 3 Yr. CAGR %	-6.64	9.63	-10.98	34.89	23.31
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-9.21	200.52
Inventory, 3 Yr. CAGR %	-	-	-	44.62	56.31
Net Property, Plant and Equip., 3 Yr. CAGR %	31.4	54.8	35.12	8.14	47.62
Total Assets, 3 Yr. CAGR %	34.93	59.59	30.84	17.92	50.16
Tangible Book Value, 3 Yr. CAGR %	9.56	46.93	35.62	40.13	18.23
Common Equity, 3 Yr. CAGR %	9.56	46.93	35.62	40.13	18.23
Cash From Operations, 3 Yr. CAGR %	7.16	70.12	53.3	91.82	103.5
Capital Expenditures, 3 Yr. CAGR %	474.89	962.23	-12.66	-32.63	86.96
Levered Free Cash Flow, 3 Yr. CAGR %	121.67	94.97	7.45	2.61	100.41
Unlevered Free Cash Flow, 3 Yr. CAGR %	121.1	104.21	14.86	3.77	97.79
Compound Annual Growth Rate Over Five Years
Gross Profit, 5 Yr. CAGR %	88.49	-	-	-	-
EBITDA, 5 Yr. CAGR %	71.64	53.03	39.38	57.69	93.1
EBITA, 5 Yr. CAGR %	71.87	48.04	-5	50.78	83.03
EBIT, 5 Yr. CAGR %	71.87	48.04	-5	50.78	82.79
Earnings From Cont. Operations, 5 Yr. CAGR %	63	27.07	3.58	32.04	31.01
Net Income, 5 Yr. CAGR %	63	27.07	3.58	32.04	31.01
Normalized Net Income, 5 Yr. CAGR %	77.17	45.99	-16.31	51.45	56.89
Diluted EPS Before Extra, 5 Yr. CAGR %	8.05	7.9	-6.83	17.33	18.65
Net Property, Plant and Equip., 5 Yr. CAGR %	27.97	32.39	24.34	25.02	57.57
Total Assets, 5 Yr. CAGR %	27.13	38.55	30.36	31.7	54.1
Tangible Book Value, 5 Yr. CAGR %	11.35	27.34	24.41	32.31	32.51
Common Equity, 5 Yr. CAGR %	11.35	27.34	24.41	32.31	32.51
Cash From Operations, 5 Yr. CAGR %	66.1	53.59	27.65	55.25	113.46
Capital Expenditures, 5 Yr. CAGR %	220.29	34.3	112.14	355.55	30.28
Levered Free Cash Flow, 5 Yr. CAGR %	172.92	52.99	38.16	66.02	74.49
Unlevered Free Cash Flow, 5 Yr. CAGR %	172.47	54.99	41.94	69.36	77.68