NYSE : SKE
Skeena Resources Limited — Financial statements
Materials · Other Industrial Metals & Mining · Canada
Last price 26.81 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.36B
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Financial statements
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 69.88M | 49.11M | 27.72M | 15.55M | 16.48M | 21.64M |
| Other Operating Expenses | 722.00K | 581.00K | 201.00K | 168.00K | 18.00K | 8.00K |
| Operating Expenses | 77.82M | 57.24M | 175.71M | 115.33M | 112.49M | 129.85M |
| Operating Income | -77.82M | -57.24M | -175.71M | -115.33M | -112.49M | -129.85M |
| Interest Expense | -21.05M | -2.73M | -1.57M | -171.00K | -73.00K | -90.00K |
| Interest & Investment Income | 3.52M | 3.06M | 3.69M | 2.04M | 361.00K | 228.00K |
| Currency Exchange Gain (Loss) | -17.39M | -70.00K | 532.00K | |||
| Other Non Operating Income (Expenses) | -120.93M | -139.25M | 24.83M | 4.55M | 12.84M | 12.20M |
| EBT Excluding Unusual Items | -233.66M | -196.23M | -148.22M | -108.92M | -99.36M | -117.52M |
| Gain (Loss) on Sale of Investments | -3.79M | 13.64M | -567.00K | -544.00K | 1.01M | -52.00K |
| Gain (Loss) on Sale of Assets | 3.22M | 9.46M | ||||
| Other Unusual Items | -3.15M | -164.00K | ||||
| Pretax Income | -248.24M | -179.38M | -151.94M | -109.62M | -88.89M | -117.57M |
| Income Tax Expense | 3.46M | -644.00K | ||||
| Net Income | -248.24M | -182.84M | -151.94M | -108.98M | -88.89M | -117.57M |
| Net Income to Common | -248.24M | -182.84M | -151.94M | -108.98M | -88.89M | -117.57M |
| Shares Outstanding (Basic) | 120.25M | 115.22M | 99.13M | 84.35M | 70.35M | 59.82M |
| Shares Outstanding (Diluted) | 120.25M | 115.22M | 99.13M | 84.35M | 70.35M | 59.82M |
| EPS (Basic) | -2.06 | -1.59 | -1.53 | -1.29 | -1.26 | -1.97 |
| EPS (Diluted) | -2.06 | -1.59 | -1.53 | -1.29 | -1.26 | -1.97 |
| Free Cash Flow | -453.42M | -351.70M | -138.91M | -113.70M | -112.60M | -136.32M |
| Free Cash Flow Per Share | -3.77 | -3.05 | -1.40 | -1.35 | -1.60 | -2.28 |
| EBITDA | -76.05M | -55.42M | -168.14M | -113.88M | -111.11M | -128.53M |
| D&A For EBITDA | 1.77M | 1.82M | 7.57M | 1.45M | 1.38M | 1.33M |
| EBIT | -77.82M | -57.24M | -175.71M | -115.33M | -112.49M | -129.85M |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 134.81M | 121.89M | 96.94M | 91.14M | 40.60M | 40.31M |
| Short-Term Investments | 14.24M | 29.67M | 949.00K | 1.55M | 2.49M | 840.00K |
| Cash & Short-Term Investments | 149.05M | 151.56M | 97.89M | 92.69M | 43.10M | 41.15M |
| Accounts Receivable | 905.00K | |||||
| Other Receivables | 7.57M | 5.50M | 2.35M | 2.32M | 5.68M | 7.25M |
| Receivables | 7.57M | 5.50M | 2.35M | 3.23M | 5.68M | 7.25M |
| Prepaid Expenses | 1.40M | 5.79M | ||||
| Other Current Assets | 1.62M | 1.93M | 698.00K | 1.59M | ||
| Total Current Assets | 612.17M | 158.99M | 100.94M | 97.50M | 50.18M | 54.20M |
| Property, Plant & Equipment | 1.23B | 576.34M | 162.88M | 95.38M | 115.67M | 94.31M |
| Long-Term Investments | 4.25M | |||||
| Other Long-Term Assets | 76.78M | 34.86M | 10.57M | 2.10M | 2.13M | 2.21M |
| Total Assets | 1.92B | 770.19M | 274.39M | 194.99M | 167.98M | 154.96M |
| Accounts Payable | 83.63M | 66.18M | 55.18M | 19.58M | 13.98M | 12.54M |
| Accrued Expenses | 1.10M | 3.88M | 2.11M | 1.00M | ||
| Current Portion of Leases | 17.32M | 15.75M | 6.30M | 1.06M | 545.00K | 494.00K |
| Current Unearned Revenue | 5.71M | 3.14M | 4.56M | 12.41M | ||
| Other Current Liabilities | 2.69M | 1.66M | 721.00K | 449.00K | 1.81M | |
| Total Current Liabilities | 194.10M | 87.47M | 70.02M | 25.23M | 20.89M | 25.44M |
| Long-Term Debt | 966.62M | 22.77M | ||||
| Long-Term Leases | 49.17M | 47.33M | 7.23M | 8.55M | 3.02M | 818.00K |
| Long-Term Deferred Tax Liabilities | 3.46M | 3.46M | ||||
| Other Long-Term Liabilities | 532.95M | 472.80M | 106.53M | 13.90M | 6.85M | 5.15M |
| Total Liabilities | 1.75B | 611.07M | 183.78M | 70.45M | 30.75M | 31.41M |
| Common Stock | 952.65M | 903.04M | 670.13M | 552.40M | 464.03M | 361.98M |
| Retained Earnings | -949.63M | -809.95M | -627.11M | -476.91M | -367.93M | -279.04M |
| Comprehensive Income & Other | 167.78M | 66.03M | 47.60M | 49.05M | 41.13M | 40.61M |
| Shareholders' Equity | 170.80M | 159.12M | 90.61M | 124.53M | 137.23M | 123.55M |
| Total Liabilities & Equity | 1.92B | 770.19M | 274.39M | 194.99M | 167.98M | 154.96M |
| Total Debt | 1.12B | 63.08M | 13.53M | 32.38M | 3.56M | 1.31M |
| Net Cash (Debt) | -973.40M | 88.47M | 84.36M | 60.31M | 39.53M | 44.09M |
| Net Cash Per Share | -8.09 | 0.77 | 0.85 | 0.71 | 0.56 | 0.74 |
| Filing Date Shares Outstanding | 125.46M | 121.74M | 114.33M | 90.37M | 78.02M | 68.69M |
| Total Common Shares Outstanding | 125.14M | 121.30M | 107.62M | 90.30M | 77.66M | 65.39M |
| Working Capital | 418.07M | 71.52M | 30.92M | 72.27M | 29.29M | 28.75M |
| Book Value Per Share | 1.36 | 1.31 | 0.84 | 1.38 | 1.77 | 1.89 |
| Tangible Book Value | 170.80M | 159.12M | 90.61M | 124.53M | 137.23M | 123.55M |
| Tangible Book Value Per Share | 1.36 | 1.31 | 0.84 | 1.38 | 1.77 | 1.89 |
| Buildings | 17.72M | 12.63M | ||||
| Machinery | 38.50M | 35.66M | 31.83M | 25.97M | 2.85M | 2.94M |
| Construction In Progress | 531.07M | 322.13M | 46.94M | |||
| Leasehold Improvements | 2.80M |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -248.24M | -182.84M | -151.94M | -108.98M | -88.89M | -117.57M |
| Depreciation & Amortization | 1.76M | 1.82M | 7.57M | 2.47M | 1.91M | 2.02M |
| Loss (Gain) From Sale of Assets | -3.22M | -9.38M | ||||
| Asset Writedown & Restructuring Costs | 10.78M | 65.00K | ||||
| Loss (Gain) From Sale of Investments | 3.79M | -13.64M | 567.00K | 544.00K | -1.01M | 52.00K |
| Stock-Based Compensation | 34.72M | 24.92M | 13.13M | 11.99M | 10.97M | 14.11M |
| Other Operating Activities | 159.87M | 145.34M | -20.07M | -5.04M | -13.17M | -12.73M |
| Change in Accounts Receivable | -2.12M | -2.90M | 666.00K | 3.36M | 1.78M | -4.45M |
| Change in Accounts Payable | -8.81M | -25.36M | 21.63M | 5.18M | -34.00K | -1.14M |
| Change in Other Net Operating Assets | -592.00K | -1.42M | 554.00K | -188.00K | 4.43M | -4.71M |
| Operating Cash Flow | -48.83M | -57.29M | -127.90M | -90.60M | -93.38M | -124.41M |
| Capital Expenditures | -404.60M | -294.41M | -11.01M | -23.10M | -19.22M | -11.91M |
| Sale of Property, Plant & Equipment | 56.00M | 27.22M | 36.00K | |||
| Cash Acquisitions | -13.71M | |||||
| Divestitures | 19.34M | |||||
| Investment in Securities | -4.00M | -10.52M | 38.00K | 396.00K | -1.64M | -2.16M |
| Other Investing Activities | -280.22M | -28.43M | -12.86M | -2.02M | -584.00K | 483.00K |
| Investing Cash Flow | -688.82M | -333.36M | -23.83M | 31.27M | 11.40M | -13.55M |
| Long-Term Debt Issued | 98.54M | 34.50M | 57.50M | |||
| Total Debt Issued | 265.25M | 98.54M | 34.50M | 57.50M | ||
| Long-Term Debt Repaid | -12.11M | -34.51M | -991.00K | -477.00K | -1.57M | |
| Lease Payments | -14.12M | -12.11M | -8.58M | -991.00K | -477.00K | -1.57M |
| Net Debt Issued (Repaid) | 251.13M | -12.11M | -34.51M | 97.55M | 34.02M | 55.93M |
| Issuance of Common Stock | 251.30M | 241.78M | 125.63M | 16.37M | 50.90M | 87.75M |
| Other Financing Activities | 275.14M | 185.91M | 65.65M | -4.06M | -2.65M | -3.23M |
| Financing Cash Flow | 777.56M | 415.58M | 156.77M | 109.86M | 82.27M | 140.45M |
| Foreign Exchange Rate Adjustments | 439.00K | 16.00K | 765.00K | |||
| Net Cash Flow | 40.36M | 24.95M | 5.81M | 50.53M | 289.00K | 2.49M |
| Free Cash Flow | -453.42M | -351.70M | -138.91M | -113.70M | -112.60M | -136.32M |
| Free Cash Flow Per Share | -3.77 | -3.05 | -1.40 | -1.35 | -1.60 | -2.28 |
| Levered Free Cash Flow | -859.30M | -301.53M | -59.81M | -74.73M | -75.34M | -82.29M |
| Unlevered Free Cash Flow | -846.15M | -299.82M | -58.83M | -74.62M | -75.29M | -82.24M |
| Free Cash Flow After Leases | -467.54M | -363.81M | -147.49M | -114.69M | -113.08M | -137.89M |
| Change in Working Capital | -11.52M | -29.68M | 22.85M | 8.35M | 6.18M | -10.30M |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.41B | 2.88B | 933.54M | 440.63M | 403.64M | 679.98M |
| Enterprise Value | 4.11B | 2.81B | 885.78M | 412.74M | 383.97M | 643.05M |
| Last Close Price | 26.81 | 23.73 | 8.72 | 4.88 | 5.32 | 10.43 |
| PB Ratio | 27.98 | 24.81 | 14.82 | 4.67 | 3.98 | 6.96 |
| P/TBV Ratio | 27.98 | 24.81 | 14.82 | 4.67 | 3.98 | 6.96 |
| Debt / Equity Ratio | 6.57 | 0.40 | 0.15 | 0.26 | 0.03 | 0.01 |
| Net Debt / Equity Ratio | 5.70 | -0.56 | -0.93 | -0.48 | -0.29 | -0.36 |
| Net Debt / EBITDA Ratio | -12.80 | 1.60 | 0.50 | 0.53 | 0.36 | 0.34 |
| Net Debt / FCF Ratio | -2.15 | 0.25 | 0.61 | 0.53 | 0.35 | 0.32 |
| Quick Ratio | 0.81 | 1.80 | 1.43 | 3.80 | 2.34 | 1.90 |
| Current Ratio | 3.15 | 1.82 | 1.44 | 3.86 | 2.40 | 2.13 |
| Return on Equity (ROE) | -175.17% | -146.43% | -141.24% | -83.27% | -68.17% | -101.13% |
| Return on Assets (ROA) | -4.10% | -6.85% | -46.79% | -39.72% | -43.54% | -55.44% |
| Return on Capital Employed (ROCE) | -4.50% | -8.40% | -86.00% | -67.90% | -76.50% | -100.30% |
| Earnings Yield | -5.43% | -4.63% | -11.31% | -18.73% | -16.27% | -13.66% |
| FCF Yield | -9.64% | -8.91% | -10.34% | -19.54% | -20.61% | -15.84% |
| Buyback Yield / Dilution | -9.43% | -16.23% | -17.52% | -19.91% | -17.60% | -41.58% |