MINR Minerva Gold Inc.

Overview and Growth

Fiscal 2026 results for Minerva Gold Inc. combined $33.50K of revenue with net loss of $9.39K and an operating cash outflow of $10.10K. The $33.50K revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 28.8% above fiscal 2025 revenue of $26.00K, marking a year-over-year increase. The company reported diluted EPS of $0.00, adding a shareholder-level measure to the absolute income figures considered below. Diluted shares averaged 6.57M; this is the reported share base over which the company’s diluted per-share earnings were spread. Diluted shares moved 0.0% from 6.57M in fiscal 2025, leaving the current share base higher year over year. Total assets stood at $10.12K, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 3.31x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The bottom-line result was a net loss of $9.39K after operating, financing, tax, and other recognized items. The net loss equaled 28.0% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported a pretax loss of $9.39K, before the effect of income taxes. The pretax loss equaled 28.0% of revenue, measuring the pre-tax deficit against sales. The reported income-tax provision was $0.00, the amount recognized between pretax income and the final net-income result. Relative to total assets, the net loss represented 92.8%. The net loss widened to $9.39K from $7.12K in fiscal 2025.

Liquidity and Capital Structure

Total assets were $10.12K, supported by $60.28K of liabilities and -$50.16K of shareholder equity. With total equity at -$50.16K, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. Current assets were $7.49K against $60.28K of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 0.12x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $7.08K, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 11.7%, excluding receivables and other current assets. The equity-to-assets relationship was -495.9%, placing book capital against the total resource base. The liabilities-to-assets relationship was 595.9%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 70.0%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 62.5% lower than fiscal 2025 assets of $27.00K, measuring the company’s own balance-sheet change. The reported cash balance changed 58.8% from $17.18K in fiscal 2025, ending lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $10.10K, showing that operations absorbed cash during the period. Operating cash flow and capital spending combined to leave a $10.10K cash deficit after capital spending. Relative to revenue, the post-investment cash deficit represented 30.2%. Relative to total assets, the post-investment cash deficit measured 99.9%. The operating cash outflow widened to $10.10K from $1.39K in fiscal 2025.

Based on the annual report for the fiscal year ending Feb 28, 2026. Analysis generated Sep 24, 2026.