EarthLabs Reports Results for the Third Quarter of 2025
EarthLabs (OTCQX:SPOFF, TSXV:SPOT) reported strong Q3 2025 results with net investment gains of $23.14M for the quarter and $31.70M for the nine months ended September 30, 2025, driving net income of $20.29M in Q3 (basic EPS $0.15) and $25.73M for nine months (basic EPS $0.19).
Advertising and sponsorships rose 55.8% YoY in Q3 to $2.19M and were $5.38M for nine months (+26.1%). Cash, cash equivalents and investments totaled $69.74M at quarter end, up 77.7% vs. prior year. Total assets were $75.18M and total liabilities $11.40M as at September 30, 2025.
EarthLabs (OTCQX:SPOFF, TSXV:SPOT) ha riportato ottimi risultati nel terzo trimestre 2025 con guadagni netti di investimento di 23,14 milioni di dollari per il trimestre e 31,70 milioni di dollari per i primi nove mesi al 30 settembre 2025, trainando un reddito netto di 20,29 milioni di dollari nel Q3 (EPS base 0,15) e 25,73 milioni di dollari per i nove mesi (EPS base 0,19).
La pubblicità e le sponsorizzazioni sono aumentate del 55,8% YoY nel Q3 a 2,19 milioni di dollari e sono state 5,38 milioni di dollari per nove mesi (+26,1%). Il contante, equivalenti di contante e investimenti ammontavano a 69,74 milioni di dollari alla fine del trimestre, in aumento del 77,7% rispetto all'anno precedente. Afferiscono attivi totali di 75,18 milioni di dollari e passività totali di 11,40 milioni di dollari al 30 settembre 2025.
EarthLabs (OTCQX:SPOFF, TSXV:SPOT) informó sólidos resultados del tercer trimestre de 2025 con ganancias netas de inversión de 23,14 millones de dólares para el trimestre y 31,70 millones de dólares para los primeros nueve meses que terminaron el 30 de septiembre de 2025, impulsando un ingreso neto de 20,29 millones de dólares en el Q3 (EPS básico 0,15) y 25,73 millones de dólares para los nueve meses (EPS básico 0,19).
La publicidad y patrocinios subieron un 55,8% interanual en el Q3 a 2,19 millones de dólares y fueron 5,38 millones de dólares para los nueve meses (+26,1%). El efectivo, equivalentes de caja e inversiones totalizaron 69,74 millones de dólares al cierre del trimestre, un incremento del 77,7% frente al año anterior. Los activos totales fueron 75,18 millones de dólares y los pasivos totales 11,40 millones de dólares al 30 de septiembre de 2025.
EarthLabs (OTCQX:SPOFF, TSXV:SPOT)는 2025년 3분기에 분기 순투자 이익 2,314만 달러, 9개월 합계 3,170만 달러를 기록하며 2025년 9월 30일 종료 기준 3분기 순이익 2,029만 달러(기본 주당순이익 0.15) 및 9개월 합계 2,573만 달러(기본 주당순이익 0.19)를 달성했습니다.
광고 및 후원은 3분기에 연간 비교 55.8% 증가하여 219만 달러였고 9개월 동안은 538만 달러(+26.1%)였습니다. 현금, 현금성 자산 및 투자자는 분기 말에 6,974만 달러로 전년 대비 77.7% 증가했습니다. 총자산은 7,518만 달러, 총부채는 1,140만 달러로 2025년 9월 30일 기준입니다.
EarthLabs (OTCQX:SPOFF, TSXV:SPOT) a publié des résultats solides au troisième trimestre 2025 avec des gains nets d'investissement de 23,14 millions de dollars pour le trimestre et de 31,70 millions de dollars pour les neuf mois se terminant le 30 septembre 2025, entraînant un résultat net de 20,29 millions de dollars au T3 (BPA de base 0,15) et 25,73 millions de dollars pour les neuf mois (BPA de base 0,19).
La publicité et les parrainages ont augmenté de 55,8% en glissement annuel au T3 pour atteindre 2,19 millions de dollars et ont été de 5,38 millions de dollars pour les neuf mois (+26,1%). La trésorerie, les équivalents de trésorerie et les investissements s'élevaient à 69,74 millions de dollars à la fin du trimestre, en hausse de 77,7% par rapport à l'année précédente. Les actifs totaux s'élevaient à 75,18 millions de dollars et les passifs totaux à 11,40 millions de dollars au 30 septembre 2025.
EarthLabs (OTCQX:SPOFF, TSXV:SPOT) meldete starke Ergebnisse im dritten Quartal 2025 mit Nettogewinnen aus Investitionen von 23,14 Mio. USD im Quartal und 31,70 Mio. USD für die neun Monate bis zum 30. September 2025, was zu einem Nettogewinn von 20,29 Mio. USD im Q3 (Grund-AEPS 0,15) und 25,73 Mio. USD für neun Monate (Grund-AEPS 0,19) führte.
Werbung und Sponsoring stiegen im Q3 um 55,8% gegenüber dem Vorjahr auf 2,19 Mio. USD und betrugen für die neun Monate 5,38 Mio. USD (+26,1%). Bargeld, Bar- und Investmentmittel beliefen sich am Quartalsende auf 69,74 Mio. USD, gegenüber dem Vorjahr um 77,7% gestiegen. Die Gesamtaktiva betrugen 75,18 Mio. USD, die Gesamtverbindlichkeiten 11,40 Mio. USD zum 30. September 2025.
EarthLabs (OTCQX:SPOFF, TSXV:SPOT) أبلغت عن نتائج قوية في الربع الثالث من عام 2025 مع أرباح صافية من الاستثمارات قدرها 23.14 مليون دولار للربع و31.70 مليون دولار للـ تسعة أشهر المنتهية في 30 سبتمبر 2025، مما أدى إلى صافي دخل قدره 20.29 مليون دولار في الربع الثالث (هبوط السهم الأساسي 0.15 دولار) و25.73 مليون دولار للـ تسعة أشهر (هبوط السهم الأساسي 0.19 دولار).
أرتفعت الإعلانات والرعاية بنسبة 55.8% على أساس سنوي في الربع الثالث إلى 2.19 مليون دولار وكانت 5.38 مليون دولار للـ تسعة أشهر (+26.1%). بلغت السيولة النقدية وما يعادلها والاستثمارات 69.74 مليون دولار في نهاية الربع، بزيادة 77.7% مقارنة بالعام السابق. وبلغت الأصول الإجمالية 75.18 مليون دولار والالتزامات الإجمالية 11.40 مليون دولار حتى 30 سبتمبر 2025.
- Net investment gains of $23.14M in Q3 2025
- Nine-month net investment gains of $31.70M (+728.2% vs 2024)
- Advertising and sponsorships revenue $2.19M in Q3 (+55.8% YoY)
- Ending cash, cash equivalents and investments of $69.74M (Sept 30, 2025)
- Total expenses for nine months of $11.07M
- Research and development expense nine months of $1.65M
- Net investment gains of
$23,138,120 for the quarter and$31,701,678 for the nine months ended September 30, 2025, from our investment portfolio, a109.7% return on investments; 55.8% increase in advertising and sponsorships revenue as compared to Q3 2024 with advertising and sponsorship revenue of$5,379,047 for the nine months period ended September 30, 2025 (26.1% increase);- Ended the quarter with total cash, cash equivalents, and investments of
$69,736,066.
Toronto, Ontario--(Newsfile Corp. - November 20, 2025) - EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0) ("EarthLabs" or the "Company") is pleased to announce the unaudited consolidated financial results for three and nine months ended September 30, 2025 of the Company (the "Financial Results").
Highlights for the three-months period ended September 30, 2025:
- Advertising and sponsorships revenue of
$2,189,792 as compared to$1,405,283 for the three months ended September 30, 2024, an increase of55.8% ; - Net investment gains of
$23,138,120 from our investment portfolio as compared to$944,686 for the three months ended September 30, 2024, an increase of 2,349.3% ; - Net income and comprehensive income of
$20,288,958 (basic earnings per share of$0.15) as compared to net loss and comprehensive loss of$871,536 (basic loss per share of$0.01) for the three months ended September 30, 2024.
Highlights for the nine-months period ended September 30, 2025:
- Completed the nine-month period with total cash and cash equivalents, due from brokers, investments and equity investments of
$69,736,066 as compared to$39,234,437 , an increase of77.7% ; - Advertising and sponsorships revenue of
$5,379,047 as compared to$4,265,753 for the nine months ended September 30, 2024, an increase of26.1% ; - Net investment gains of
$31,701,678 from our investment portfolio as compared to$3,827,914 for the nine months ended September 30, 2024, an increase of728.2% ; - Net income and comprehensive income of
$25,726,512 (basic earnings per share of$0.19) as compared to net loss and comprehensive loss of$1,228,107 (basic loss per share of$0.01) for the nine months ended September 30, 2024.
During the quarter, EarthLabs expanded its media reach through strategic content partnerships and innovative engagement programs. The Northern Miner's Great Canadian Treasure Hunt campaign drew thousands of participants across Canada, reinforcing the Company's position as a leading connector between investors, explorers, and the broader mining ecosystem. Additionally, EarthLabs continues to invest in technology and data-driven storytelling across its platforms, integrating new analytics tools and deepening relationships with partners in the mining sector.
"Our strategy is paying off, plain and simple," said Denis Laviolette, Executive Chairman and CEO of EarthLabs. "These quarterly results are the outcome of disciplined capital allocation, operational focus, and years of investment in the right platforms and people. EarthLabs has built real leverage to the mining sector's next cycle, and it's showing up in the numbers. We plan to continue updating the market quarterly as we execute on our strategy. The train's moving, investors paying attention can see where it's headed."
Summary of financial results
The following are selected interim condensed consolidated financial results as at and for the three and nine months ended September 30, 2025, with comparatives:
| Interim condensed consolidated statements of income (loss) and comprehensive income (loss) highlights | Three months ended September 30, | Nine months ended September 30, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||
| Advertising and sponsorships revenue | $ | 2,189,792 | $ | 1,405,283 | $ | 5,379,047 | $ | 4,265,753 | |||||
| Subscriptions revenue | 313,641 | 310,090 | 937,661 | 914,697 | |||||||||
| Sales of exploration maps | 41,640 | 35,027 | 118,252 | 140,108 | |||||||||
| Net investment gains | 23,138,120 | 944,686 | 31,701,678 | 3,827,914 | |||||||||
| Other income | 322,536 | 98,654 | 902,295 | 575,882 | |||||||||
| Operating, general and administrative | (3,151,437 | ) | (2,776,548 | ) | (9,323,710 | ) | (8,099,814 | ) | |||||
| Research and development expenses | (350,535 | ) | (840,751 | ) | (1,648,280 | ) | (2,430,756 | ) | |||||
| Total expenses | (3,532,212 | ) | (3,653,424 | ) | (11,065,005 | ) | (10,640,481 | ) | |||||
| Loss from equity investment | (5,185 | ) | (13,874 | ) | (25,333 | ) | (30,385 | ) | |||||
| Income tax recovery (expense) | (2,179,374 | ) | 2,022 | (2,222,083 | ) | (281,595 | ) | ||||||
| Net income (loss) and comprehensive income (loss) for the period | 20,288,958 | (871,536 | ) | 25,726,512 | (1,228,017 | ) | |||||||
| Earnings (loss) per common share for the period – basic and diluted | 0.15 | (0.01 | ) | 0.19 | (0.01 | ) | |||||||
| Interim condensed consolidated statements of financial position highlights | September 30, 2025 | December 31, 2024 | ||||
| Cash and cash equivalents | $ | 4,789,682 | $ | 4,122,474 | ||
| Due from brokers | 2,635,213 | 416,907 | ||||
| Accounts receivable, net of expected credit losses | 309,152 | 519,491 | ||||
| Investments, at fair value | 60,553,876 | 32,912,428 | ||||
| Equity investment | 1,757,295 | 1,782,628 | ||||
| Right-of-use assets, net | 858,503 | 992,417 | ||||
| Intangible Assets | 2,737,333 | 2,826,438 | ||||
| Goodwill | 624,290 | 624,290 | ||||
| Total assets | 75,184,993 | 44,930,710 | ||||
| Accounts payable and accrued liabilities | 1,116,489 | 1,697,947 | ||||
| Deferred revenue | 6,113,649 | 3,452,044 | ||||
| Total promissory note | 766,950 | 726,458 | ||||
| Total lease liabilities | 926,830 | 1,031,645 | ||||
| Deferred tax liabilities | 2,220,060 | - | ||||
| Total liabilities | 11,400,208 | 7,105,575 | ||||
| Share capital, contributed surplus, and warrants | 52,808,281 | 52,575,143 | ||||
| Retained earnings (deficit) | 10,976,504 | (14,750,008 | ) |
About EarthLabs Inc.
EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0) is a mining investment, technology, and media company that aims to provide strategic leverage to the metals and mining sector through investments, royalties and a full suite of data-driven media SaaS tools and services including CEO.CA, The Northern Miner, MINING.COM, Canadian Mining Journal and DigiGeoData.
For further information please contact:
Denis Laviolette
Executive Chairman and CEO
EarthLabs Inc.
Tel: 647-345-7720
Email: investors@earthlabs.com
Neither the TSX Venture Exchange ("TSXV"), OTC Best Market ("OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Forward-Looking Information
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements. Often, but not always, these forward-looking statements can be identified by the use of words such as "estimate", "estimates", "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "upgraded", "offset", "limited", "contained", "reflecting", "containing", "remaining", "to be", "periodically", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations.
Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, risks detailed from time to time in the Company's filings with securities regulators and available under the Company's profile on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275198
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