The company has recorded zero commercial revenue over the last five quarters, resulting in a consistent net loss that reached $4.3M in 2025Q2.
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - |
| Cost of Goods Sold | 3.95K | 3.88K | 3.82K | 0 | 0 |
| COGS % of Revenue | - | - | - | - | - |
| Gross Profit | -3.95K | -3.88K | -3.82K | 0 | 0 |
| Gross Margin % | - | - | - | - | - |
| Gross Profit Growth % | - | -1.52% | - | - | - |
| Operating Expenses | 12.54M | 11.35M | 11.22M | 9.11M | 6.96M |
| OpEx % of Revenue | - | - | - | - | - |
| Selling, General & Admin | 5.41M | 5.15M | 6.21M | 7.75M | 4.25M |
| SG&A % of Revenue | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 17.34K | 5K |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 4M | 6.2M | 5.02M | 1.35M | 2.7M |
| Operating Income | -12.54M | -11.35M | -11.23M | 0 | 0 |
| Operating Margin % | - | - | - | - | - |
| Operating Income Growth % | - | -1.13% | - | - | - |
| EBITDA | -12.54M | -11.35M | -11.22M | -8.58M | -8.73M |
| EBITDA Margin % | - | - | - | - | - |
| EBITDA Growth % | - | -1.13% | -30.8% | 1.7% | - |
| D&A (Non-Cash Add-back) | 3.95K | 3.88K | 3.82K | 0 | 0 |
| EBIT | -12.42M | -10.58M | 13.32M | -8.58M | -8.73M |
| Net Interest Income | -471.03K | -347.43K | 496.93K | -277.44K | -1.14M |
| Interest Income | 286.35K | 513.69K | 637.81K | 0 | 0 |
| Interest Expense | 1.27M | 861.12K | 140.88K | 277.44K | 1.14M |
| Other Income/Expense | -1.15M | -92.05K | 24.4M | -8.86M | -9.86M |
| Pretax Income | -13.69M | -11.45M | 13.18M | -8.86M | -9.86M |
| Pretax Margin % | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
| Net Income | -13.69M | -11.45M | 13.18M | -8.86M | -9.86M |
| Net Margin % | - | - | - | - | - |
| Net Income Growth % | - | -186.87% | 248.74% | 10.21% | - |
| Net Income (Continuing) | -13.69M | -11.45M | 13.18M | -8.86M | -9.86M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -67.01 | -0.75 | 1.50 | -1.50 | -3.00 |
| EPS Growth % | - | -150% | 200% | 50% | - |
| EPS (Basic) | - | -0.75 | 1.50 | -1.50 | -3.00 |
| Diluted Shares Outstanding | 204.29K | 13.59M | 10.68M | 6.88M | 3.33M |
| Basic Shares Outstanding | 204.29K | 13.59M | 10.67M | 6.88M | 3.33M |
| Dividend Payout Ratio | - | - | - | - | - |
Pre-revenue liquidity dependency
As indicated by the company's financial filings, Anfield Energy remains in a pre-revenue state, with zero commercial sales recorded across the last five quarters, underscoring the binary nature of its business model which relies entirely on the future commissioning of the Shootaring Canyon Mill for any potential income.
The absence of top-line growth reflects the company's current development-stage focus rather than market demand dynamics. Investors should monitor the transition from exploration to production, as the current lack of revenue necessitates ongoing reliance on external capital to fund regulatory and maintenance requirements.
Based on reported quarterly figures, the company consistently incurs SG&A expenses ranging from approximately $0.9M to $2.3M per quarter, which, when combined with ongoing care and maintenance costs, highlights a structural cash burn that persists in the absence of any offsetting commercial revenue streams.
The variability in SG&A expenses suggests that administrative and regulatory overhead remains sensitive to corporate activities, such as the recent merger negotiations. This cost structure places significant pressure on the company's limited cash reserves, necessitating disciplined expense management until the mill reaches operational status.
According to recent financial statements, Anfield Energy has reported consistent net losses, including a $4.3M deficit in 2025Q2, which primarily reflects the high cost of maintaining regulatory compliance and corporate overhead without the benefit of any operational revenue to mitigate these recurring financial outflows.
The reported net losses are characteristic of a junior mining entity in the pre-production phase, where earnings quality is secondary to the preservation of the radioactive materials license. The lack of stock-based compensation in the provided data suggests that management has relied heavily on cash-based or equity-dilutive funding to sustain operations.
As evidenced by the recent definitive agreement for IsoEnergy to acquire the company, the standalone income statement narrative appears to have reached a terminal point, suggesting that management recognized the inability to sustain the high cash burn required for mill refurbishment without a larger capital partner.
The shift from a standalone developer to an acquisition target implies that the market's valuation of the Shootaring Canyon Mill's regulatory moat was insufficient to offset the company's internal liquidity risks. Investors should consider whether the all-stock nature of the merger provides adequate long-term value compared to the risks of continued standalone dilution.
Quick answers to the most common questions about buying AEC stock.
For fiscal year 2024, Anfield Energy Inc. Common Shares (AEC) reported total revenue of $0.0M.
Anfield Energy Inc. Common Shares (AEC) reported a net loss of $11.4M for the fiscal year ending 2024.