Ivanhoe Electric Inc.

For the period ended Sep 30, 2025. Filed Nov 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.

Sep 30, 2025 · Filed Nov 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 EndedSeptember 30, · Nine Months EndedSeptember 30,
2025 · 2024 · 2025 · 2024
Revenue	$545		$671		$2,348	$1,569
Cost of sales	(266)		(256)		(853)	(548)
Gross profit	279		415		1,495	1,021
Operating expenses:
Exploration expenses	14,688		30,459		44,551	111,356
General and administrative expenses	9,126		10,859		30,433	34,154
Research and development expenses	54		871		161	2,523
Selling and marketing expenses	—		55		23	244
Impairment	—		—		2,555	—
Loss from operations	23,589		41,829		76,228	147,256
Other expenses (income):
Interest expense, net	1,010		972		3,757	1,324
Foreign exchange loss (gain)	262		(133)		726	554
Share of (income) loss of equity method investees	(4,384)		4,260		2,863	8,725
Other expense, net	1,133		196		1,149	907
Loss before income taxes	21,610		47,124		84,723	158,766
Income tax recovery	—		—		—	(26)
Net loss	21,610		47,124		84,723	158,740
Less loss attributable to non-controlling interests	(4,089)		(3,888)		(12,836)	(13,210)
Net loss attributable to common stockholders or parent	17,521		43,236		71,887	145,530
Net loss	21,610		47,124		84,723	158,740
Other comprehensive loss (income), net of tax:
Foreign currency translation adjustments	83		(133)		(432)	210
Other comprehensive loss (income)	83		(133)		(432)	210
Comprehensive loss	$21,693		$46,991		$84,291	$158,950
Comprehensive loss attributable to:
Common stockholders or parent	17,680		43,095		71,709	145,877
Non-controlling interests	4,013		3,896		12,582	13,073
	$21,693		$46,991		$84,291	$158,950
Net loss per share attributable to common stockholders
Basic and diluted	$0.13		$0.36		$0.55	$1.21
Weighted-average common shares outstanding
Basic and diluted	132,909,795	120,406,215	0	130,748,497	120,330,374

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 July 1, 2025	132,690,768	$13	$880,756	$(584,493)	$(2,939)	$17,440	$310,777
Net loss	—	—	—	(17,521)	—	(4,089)	(21,610)
Other comprehensive (loss) income	—	—	—	—	(159)	76	(83)
Settlement of deferred share units	17,532	—	—	—	—	—	—
Stock options exercised	332,752	—	876	—	—	—	876
Warrants exercised	125,000	—	875	—	—	—	875
Share-based compensation	—	—	2,680	—	—	48	2,728
Other changes in non-controlling interests	—	—	40	—	—	158	198
Balance at September 30, 2025	133,166,052	$13	$885,227	$(602,014)	$(3,098)	$13,633	$293,761
Balance at January 1, 2025	120,612,112	$12	$802,032	$(530,127)	$(3,276)	$11,790	$280,431
Net loss	—	—	—	(71,887)	—	(12,836)	(84,723)
Other comprehensive income	—	—	—	—	178	254	432
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	—	—	—	—	—	—
Settlement of deferred share units	17,532	—	—	—	—	—	—
Stock options exercised	441,536	—	1,147	—	—	—	1,147
Warrants exercised	150,000	—	1,050	—	—	—	1,050
Share-based compensation	—	—	8,952	—	—	124	9,076
Non-controlling interests investment in subsidiary	—	—	6,129	—	—	14,034	20,163
Other changes in non-controlling interests	—	—	76	—	—	267	343
Balance at September 30, 2025	133,166,052	$13	$885,227	$(602,014)	$(3,098)	$13,633	$293,761

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 July 1, 2024	120,388,601	$12	$795,502	$(503,798)	$(2,561)	$13,969	$303,124
Net loss	—	—	—	(43,236)	—	(3,888)	(47,124)
Other comprehensive income (loss)	—	—	—	—	141	(8)	133
Stock options exercised	54,131	—	135	—	—	—	135
Stock-based compensation	—	—	3,947	—	—	81	4,028
Other changes in non-controlling interests	—	—	(68)	—	—	23	(45)
Balance at September 30, 2024	120,442,732	$12	$799,516	$(547,034)	$(2,420)	$10,177	$260,251
Balance at January 1, 2024	120,025,264	$12	$777,816	$(401,504)	$(2,073)	$2,030	$376,281
Net loss	—	—	—	(145,530)	—	(13,210)	(158,740)
Other comprehensive (loss) income	—	—	—	—	(347)	137	(210)
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	136,318	—	829	—	—	—	829
Stock-based compensation	—	—	11,231	—	—	211	11,442
Non-controlling interests investment in subsidiary	—	—	9,387	—	—	20,992	30,379
Other changes in non-controlling interests	—	—	(794)	—	—	17	(777)
Balance at September 30, 2024	120,442,732	$12	$799,516	$(547,034)	$(2,420)	$10,177	$260,251

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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.