Novagold Res | 10-Q: FY2025 Q3 Revenue: USD 0

Revenue: As of FY2025 Q3, the actual value is USD 0.

EPS: As of FY2025 Q3, the actual value is USD -0.04.

EBIT: As of FY2025 Q3, the actual value is USD -11.14 M.

Operational Metrics

• Net Loss: For the three months ended August 31, 2025, the net loss was - $15.6 million, compared to - $10.7 million for the same period in 2024. For the nine months ended August 31, 2025, the net loss was - $79.0 million, compared to - $34.8 million in 2024.
• General & Administrative Expenses: For the three months ended August 31, 2025, expenses were $6.3 million, compared to $5.1 million in 2024. For the nine months ended August 31, 2025, expenses were $16.9 million, compared to $19.0 million in 2024.

Cash Flow

• Net Cash Used in Operating Activities: For the nine months ended August 31, 2025, net cash used was - $7.99 million, compared to - $10.6 million in 2024.
• Net Cash Provided by Investing Activities: For the nine months ended August 31, 2025, net cash used was - $235.6 million, compared to $10.6 million provided in 2024.
• Net Cash Provided by Financing Activities: For the nine months ended August 31, 2025, net cash provided was $259.5 million, compared to - $0.2 million used in 2024.

Unique Metrics

• Investment in Donlin Gold: The company increased its ownership interest in Donlin Gold to 60% on June 3, 2025, with an additional investment of $210.1 million.

Future Outlook and Strategy

• Core Business Focus: The company aims to complete the Bankable Feasibility Study (BFS) for the Donlin Gold project and move towards a construction decision. The 2025 Donlin Gold budget remains at $43.0 million, with NOVAGOLD’s share increased to $24.0 million due to the additional 10% ownership.
• Non-Core Business: The company is exploring opportunities to deliver natural gas to Southcentral Alaska, which could benefit Donlin Gold and its stakeholders.

Revised 2025 Guidance

• Corporate General and Administrative Costs: Expected to increase to $18.0 million from the previous guidance of $16.0 million due to higher professional fees related to the Donlin Gold Transaction.