Ivanhoe Electric Inc.

For the period ended Jun 30, 2025. Filed Aug 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 5, 2025

IE$7.66-7.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Interim Consolidated Statements of Loss and Comprehensive Loss

Condensed Interim Consolidated Statements of Loss and Comprehensive Loss (Unaudited)

(Expressed in thousands of U.S. dollars, except for share and per share amounts)

Three Months EndedJune 30, · Six Months EndedJune 30,
2025 · 2024 · 2025 · 2024
Revenue	$1,068		$538		$1,803	$898
Cost of sales	(294)		(192)		(587)	(292)
Gross profit	774		346		1,216	606
Operating expenses:
Exploration expenses	14,078		37,254		29,863	80,897
General and administrative expenses	9,721		10,694		21,307	23,295
Research and development expenses	55		842		107	1,652
Selling and marketing expenses	—		102		23	189
Impairment	2,555		—		2,555	—
Loss from operations	25,635		48,546		52,639	105,427
Other expenses (income):
Interest expense, net	1,217		387		2,747	352
Foreign exchange loss	452		692		464	687
Share of loss of equity method investees	2,258		1,453		7,247	4,465
Other expense (income), net	(590)		443		16	711
Loss before income taxes	28,972		51,521		63,113	111,642
Income tax recovery	—		—		—	(26)
Net loss	28,972		51,521		63,113	111,616
Less loss attributable to non-controlling interests	(5,121)		(4,738)		(8,747)	(9,322)
Net loss attributable to common stockholders or parent	23,851		46,783		54,366	102,294
Net loss	28,972		51,521		63,113	111,616
Other comprehensive (income) loss, net of tax:
Foreign currency translation adjustments	(503)		329		(515)	721
Other comprehensive (income) loss	(503)		329		(515)	721
Comprehensive loss	$28,469		$51,850		$62,598	$112,337
Comprehensive loss attributable to:
Common stockholders or parent	23,526		47,021		54,029	102,782
Non-controlling interests	4,943		4,829		8,569	9,555
	$28,469		$51,850		$62,598	$112,337
Net loss per share attributable to common stockholders
Basic and diluted	$0.18		$0.39		$0.42	$0.85
Weighted-average common shares outstanding
Basic and diluted	132,602,702	120,337,642	0	129,649,937	120,292,036

Condensed Interim Consolidated Statements of Changes in Equity (Unaudited)

(Expressed in thousands of U.S. dollars, except share amounts)

Additionalpaid-incapital · Accumulateddeficit · Accumulatedothercomprehensiveincome (loss) · Non-controllinginterests · Total
	Common Stock
Shares · Amount
Balance at April 1, 2025	132,590,318	$13	$870,855	$(560,642)	$(3,264)	$8,375	$315,337
Net loss	—	—	—	(23,851)	—	(5,121)	(28,972)
Other comprehensive income	—	—	—	—	325	178	503
Stock options exercised	75,450	—	188	—	—	—	188
Warrants exercised	25,000	—	175	—	—	—	175
Share-based compensation	—	—	3,338	—	—	37	3,375
Non-controlling interests investment in subsidiary	—	—	6,129	—	—	14,034	20,163
Other changes in non-controlling interests	—	—	71	—	—	(63)	8
Balance at June 30, 2025	132,690,768	$13	$880,756	$(584,493)	$(2,939)	$17,440	$310,777
Balance at January 1, 2025	120,612,112	$12	$802,032	$(530,127)	$(3,276)	$11,790	280,431
Net loss	—	—	—	(54,366)	—	(8,747)	(63,113)
Other comprehensive income	—	—	—	—	337	178	515
Issuance of common stock; public offering, net of issuance costs	11,794,872	1	53,371	—	—	—	53,372
Issuance of warrants, public offering	—	—	12,470	—	—	—	12,470
Settlement of restricted share units	150,000	—	—	—	—	—	—
Stock options exercised	108,784	—	271	—	—	—	271
Warrants exercised	25,000	—	175	—	—	—	175
Share-based compensation	—	—	6,272	—	—	76	6,348
Non-controlling interests investment in subsidiary	—	—	6,129	—	—	14,034	20,163
Other changes in non-controlling interests	—	—	36	—	—	109	145
Balance at June 30, 2025	132,690,768	$13	$880,756	$(584,493)	$(2,939)	$17,440	$310,777

Condensed Interim Consolidated Statements of Changes in Equity (Unaudited)

(Expressed in thousands of U.S. dollars, except share amounts)

Additionalpaid-incapital · Accumulateddeficit · Accumulatedothercomprehensiveincome (loss) · Non-controllinginterests · Total
	Common Stock
Shares · Amount
Balance at April 1, 2024	120,306,414	$12	$790,824	$(457,015)	$(2,323)	$18,234	$349,732
Net loss	—	—	—	(46,783)	—	(4,738)	(51,521)
Other comprehensive loss	—	—	—	—	(238)	(91)	(329)
Stock options exercised	82,187	—	694	—	—	—	694
Stock-based compensation	—	—	3,969	—	—	100	4,069
Non-controlling interests investment in subsidiary	—	—	15	—	—	364	379
Other changes in non-controlling interests	—	—	—	—	—	100	100
Balance at June 30, 2024	120,388,601	$12	$795,502	$(503,798)	$(2,561)	$13,969	$303,124
Balance at January 1, 2024	120,025,264	$12	$777,816	$(401,504)	$(2,073)	$2,030	$376,281
Net loss	—	—	—	(102,294)	—	(9,322)	(111,616)
Other comprehensive loss	—	—	—	—	(488)	(233)	(721)
Issuance of common stock; Kaizen arrangement	116,413	—	952	—	—	—	952
Issuance of common stock; earn-in payment	12,765	—	95	—	—	—	95
Settlement of restricted share units	150,000	—	—	—	—	—	—
Settlement of deferred share units	1,972	—	—	—	—	—	—
Stock options exercised	82,187	—	694	—	—	—	694
Stock-based compensation	—	—	7,284	—	—	130	7,414
Non-controlling interests investment in subsidiary	—	—	9,387	—	—	20,992	30,379
Other changes in non-controlling interests	—	—	(726)	—	—	372	(354)
Balance at June 30, 2024	120,388,601	$12	$795,502	$(503,798)	$(2,561)	$13,969	$303,124

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.