SEDAR Interim Financial Statements

[
  {
    "metadata": {
      "companyName": "TVI Pacific Inc.",
      "reportingPeriodEnd": "2025-09-30",
      "reportStatus": "Unaudited",
      "auditorName": null,
      "auditorKeyMatters": []
    },
    "balanceSheet": {
      "cashAndCashEquivalents": 189435,
      "accountsReceivable": 7308,
      "prepaidExpenses": 44683,
      "totalCurrentAssets": 241426,
      "investmentInJointVenture": 52553680,
      "propertyAndEquipment": 7792,
      "otherAssets": 6,
      "totalNonCurrentAssets": 52561478,
      "totalAssets": 52802904,
      "accountsPayableAndAccruedLiabilities": 190278,
      "dueToRelatedParties": 3849595,
      "loansAndAccruedInterestPayable": 1315370,
      "totalCurrentLiabilities": 5355243,
      "loans": 0,
      "deferredTaxLiability": 453208,
      "totalNonCurrentLiabilities": 453208,
      "totalLiabilities": 5808451,
      "shareCapital": 34374277,
      "contributedSurplus": 7326748,
      "retainedEarningsDeficit": 11123662,
      "translationReserves": -5830234,
      "totalEquity": 46994453,
      "totalLiabilitiesAndEquity": 52802904,
      "cashPerShare": 0.0003,
      "workingCapitalPerShare": -0.0070
    },
    "incomeStatement": {
      "depreciationExpense": 1994,
      "administrativeAndGeneralCosts": 919476,
      "totalExpenses": 921470,
      "operatingLoss": -921470,
      "interestIncomeExpenseNet": -77687,
      "foreignExchangeGainLoss": -7826,
      "shareOfIncomeOfJointVenture": 26017742,
      "otherIncomeExpensesNet": 25932229,
      "netIncomeLossBeforeIncomeTax": 25010759,
      "deferredIncomeTaxExpenseRecovery": 0,
      "netIncomeLoss": 25010759,
      "foreignCurrencyTranslationAdjustmentForeignOperations": 19378,
      "foreignCurrencyTranslationAdjustmentJointVenture": -1412061,
      "comprehensiveIncomeLoss": 23618076,
      "basicIncomeLossPerShare": 0.0343,
      "dilutedIncomeLossPerShare": 0.0343,
      "weightedAverageNumberOfCommonSharesBasic": 728587039,
      "weightedAverageNumberOfCommonSharesDiluted": 728587039
    },
    "cashFlowStatement": {
      "netIncomeLoss": 25010759,
      "depreciationExpense": 1994,
      "unrealizedForeignExchangeGainLoss": -7924,
      "interestExpense": 76872,
      "shareOfLossGainsOfJointVenture": -26017742,
      "changesInNonCashWorkingCapital": -27270,
      "changesInRetirementBenefitPayable": 0,
      "distributionFromInvestmentInJointVentureNetOfTax": 966667,
      "incomeTaxPaid": 0,
      "netCashUsedInOperatingActivities": 3356,
      "proceedsFromPromissoryNotes": 0,
      "netCashUsedFromFinancingActivities": 0,
      "expendituresOnPropertyAndEquipmentAndOtherAssets": 0,
      "netCashUsedInInvestingActivities": 0,
      "effectOfForeignExchangeRatesOnCash": 1769,
      "netIncreaseDecreaseInCashAndCashEquivalents": 5125,
      "cashAndCashEquivalentsAtBeginningOfPeriod": 184310,
      "cashAndCashEquivalentsAtEndOfPeriod": 189435
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Joint Venture",
        "description": "30.66% interest in TVI Resource Development Phils., Inc. (TVIRD), which operates the Balabag gold-silver mine, Siana gold mine, and holds interests in Agata and Mabilo projects.",
        "ownershipPercentage": 30.66,
        "value": 52553680,
        "notes": "Accounted for using the equity method. Carrying value increased by share of net income and decreased by distributions received."
      },
      {
        "type": "Equity Investment",
        "description": "14.4% equity interest in Mindoro Resources Ltd., engaged in mining and exploration in the Philippines.",
        "ownershipPercentage": 14.4,
        "value": 0,
        "notes": "Shares delisted. Book value reduced to nil due to accumulated share of losses."
      },
      {
        "type": "Mineral Property",
        "description": "Various mineral properties in the Philippines held through TVIRD, at different stages of exploration.",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Mentioned in corporate information; specific values not isolated in statements."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited common voting shares; Unlimited preferred non-voting shares",
      "issuedShares": 728587039,
      "classesOfShares": [
        "Common Voting Shares",
        "Preferred Non-Voting Shares (none issued)"
      ],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEndedSep302025": {
          "salariesAndFees": 269000,
          "shareBasedCompensation": 0,
          "interestAccruedOnUnpaidFees": 76872,
          "otherBenefits": 0,
          "total": 345872
        }
      },
      "namedIndividuals": [
        {
          "name": "Seajay Management (former President)",
          "title": "Management Services",
          "period": "Nine months ended Sep 30, 2025",
          "components": {
            "salary": 0,
            "bonus": 0,
            "total": 0
          }
        },
        {
          "name": "Directors (collective)",
          "title": "Directors",
          "period": "Nine months ended Sep 30, 2025",
          "components": {
            "salary": 134000,
            "bonus": 0,
            "total": 134000
          }
        },
        {
          "name": "Officers (CEO & CFO)",
          "title": "Chief Executive Officer & Chief Financial Officer",
          "period": "Nine months ended Sep 30, 2025",
          "components": {
            "salary": 135000,
            "bonus": 0,
            "total": 135000
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Prime Resource Holdings, Inc.",
          "description": "Bridge loans provided to TVI Pacific to pay past due accounts.",
          "amount": 1181348,
          "period": "Outstanding as of Sep 30, 2025"
        },
        {
          "counterparty": "TVIRD",
          "description": "Dividend distributions received, net of withholding tax.",
          "amount": 966667,
          "period": "Nine months ended Sep 30, 2025"
        },
        {
          "counterparty": "Regent Parkway",
          "description": "Administrative services provided by a corporation controlled by the chairman of TVIRD.",
          "amount": 0,
          "period": "Nine months ended Sep 30, 2025"
        }
      ]
    },
    "subsequentEvents": []
  }
]