Financial insights of AREC

MyFinsight

For the year ending 2025-12-31.

Income Statement	2025-12-31	2024-12-31
Total revenue	0	383,234
Cost of coal sales and processing	306,639	2,526,975
Accretion	-	991,520
Depreciation	122,916	2,185,332
Amortization of mining rights	-	1,235,932
General and administrative	9,557,890	21,024,382
Professional fees	478,449	2,625,898
Litigation expense	720,283	240,658
Production taxes and royalties	14,851	35,533
Development	107,507	2,148,132
Gain on sale of equipment	-	400,000
Total operating expenses	11,308,535	32,614,362
Net loss from operations	-11,308,535	-32,231,128
Losses from equity method investees	-84,063	-409,268
Loss on debt extinguishment	-5,193,382	-
Other income and (expense)	-61,927	221,471
Interest income	577,526	1,101,578
Interest expense	1,764,115	8,021,459
Total other income (expenses)	-6,525,961	-7,107,678
Loss from continuing operations	-17,834,496	-
Income (loss) from discontinued operations (note 2	73,219,707	-
Net income (loss)	55,385,211	-39,338,806
Less non-controlling interest	-	-87,814
Net loss attributable to arec shareholders	-	-39,250,992

Diluted EPS	0.63	-0.51
Diluted Average Shares	87,274,415	77,222,990