Metalla Royalty & Streaming Ltd.
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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Jun 30, 2024 · Filed Aug 14, 2024
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EX-99.6 · (e) Adjusted EBITDA
(e) Adjusted EBITDA
Adjusted EBITDA is a non-IFRS financial measure which excludes from net income taxes, finance costs, depletion, impairment charges, foreign currency gains/losses, share based payments, and non-recurring items. Management uses Adjusted EBITDA to evaluate the Company's operating performance, to plan and forecast its operations, and assess leverage levels and liquidity measures. The Company presents Adjusted EBITDA as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry who present results on a similar basis. However, Adjusted EBITDA does not represent, and should not be considered an alternative to net income (loss) or cash flow provided by operating activities as determined under IFRS. The Company's adjusted EBITDA for three and six months ended June 30, 2024, was:
| Three months | Six months | |
|---|---|---|
| ended | ended | |
| June 30, 2024 | June 30, 2024 | |
| Net loss | $(1,491) | $(3,223) |
| Adjusted for: | ||
| Interest expense | 475 | 979 |
| Finance charges | 85 | 170 |
| Income tax provision | 14 | 24 |
| Depletion | 521 | 1,284 |
| Foreign exchange gain | (79) | (180) |
| Share-based payments | 640 | 1,189 |
| Adjusted EBITDA | $165 | $243 |
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