First Phosphate (PHOS) Q3 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2026 earnings summary
29 Sep, 2026Executive summary
Focused on exploration and development of igneous rock phosphate properties in Quebec for the LFP battery industry.
Listed on Canadian, US, and German exchanges; significant equity financing activity during the period.
Financial highlights
Cash and cash equivalents rose to $19.98M as of November 30, 2025, from $1.87M at February 28, 2025.
Net loss for the nine months ended November 30, 2025, was $9.53M, compared to $6.04M for the same period in 2024.
Total assets increased to $25.13M from $7.45M at February 28, 2025.
Shareholders’ equity grew to $23.89M from $6.39M at February 28, 2025.
Weighted average shares outstanding increased to 113.1M for the nine months ended November 30, 2025.
Outlook and guidance
Material uncertainties exist regarding the ability to continue as a going concern due to accumulated losses and negative cash flows.
Ongoing expectation of further losses as development continues.
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