EMC Gold (ASX:EM3) Operating Income: A$-1.57 Mil (TTM As of Dec. 2025)

What is EMC Gold Operating Income?

EMC Gold ASX:EM3 27 Operating Income is A$-1.57 Mil as of Dec. 2025. GuruFocus rates ASX:EM3 with a GF Score™ of 27/100.

EMC Gold's Operating Income for the six months ended in Dec. 2025 was A$-0.80 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was A$-1.57 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. EMC Gold's Operating Income for the six months ended in Dec. 2025 was A$-0.80 Mil. EMC Gold's Revenue for the six months ended in Dec. 2025 was A$0.00 Mil. Therefore, EMC Gold's Operating Margin % for the quarter that ended in Dec. 2025 was %.

EMC Gold's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EMC Gold's annualized ROC % for the quarter that ended in Dec. 2025 was -77.46%. EMC Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was %.

EMC Gold (ASX:EM3) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

EMC Gold's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	-1.608 * ( 1 - 0% )	/	( (1.435	+	2.717)	/ 2 )
=	-1.608	/	2.076
=	-77.46 %

where

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1.282	-	0.147	-	( 1.219	-	max(0, 1.577	-	1.277	+	1.219	))
=	1.435

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5.367	-	0.203	-	( 5.276	-	max(0, 2.915	-	5.362	+	5.276	))
=	2.717

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

EMC Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.608	/	( ( (0 + max(-1.519, 0))	+	(0 + max(-2.829, 0)) )	/	2 )
=	-1.608	/	( ( 0	+	0 )	/	2 )
=	-1.608	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.057	+	0	+	0.00099999999999989)	-	(0.147	+	0	+	1.43)
=	-1.519

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.086)	-	(0.203	+	0	+	2.712)
=	-2.829

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

EMC Gold's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2025 )	/	Revenue (Q: Dec. 2025 )
	=	-0.804	/	0
	=	%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

EMC Gold Operating Income Related Terms

EMC Gold Operating Income Historical Data

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The historical data trend for EMC Gold's Operating Income can be seen below:

EMC Gold Operating Income Chart

EMC Gold Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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-1.91

-1.65

-1.78

-1.73

-1.55

EMC Gold Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Operating Income	Get a 7-Day Free Trial										-0.82	-0.43	-1.30	-0.77	-0.80

27GF Score

EMC Gold Corp ASX:EM3

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EMC Gold Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-1.57 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of A$-1.57 Mil mean?

EMC Gold (ASX:EM3) has a Operating Income of A$-1.57 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on EMC Gold and its competitors.

Is EMC Gold's Operating Income too high?

EMC Gold's current Operating Income is A$-1.57 Mil. Overall, EMC Gold has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.

How does EMC Gold's Operating Income compare to NEM and AU?

EMC Gold's Operating Income of A$-1.57 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for a Metals & Mining company?

A good Operating Income depends on the Metals & Mining industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on EMC Gold and its competitors. EMC Gold's current Operating Income is A$-1.57 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is EMC Gold stock overvalued right now?

EMC Gold (ASX:EM3) has a current Operating Income of A$-1.57 Mil. The current Operating Income is A$-1.57 Mil. EMC Gold's overall GF Score™ is 27/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For EMC Gold (ASX:EM3), the current Operating Income is A$-1.57 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

EMC Gold Business Description

Industry Basic Materials Metals & Mining

Comparable Companies ASX:LAC ASX:SNM ASX:YRL ASX:FAL ASX:GBM ASX:PTN ASX:MAT ASX:BCM ASX:GPR ASX:WCN NEM SHSE:601899 TSX:AEM TSX:ABX TSX:WPM TSX:FNV AU HKSE:02259 JSE:GFI TSX:K

Other Exchanges JL2:Germany

Address 10 Outram Street, Level 1, West Perth, Perth, WA, AUS, GL50 1HX

Website https://www.emcgold.com.au

EMC Gold Corp is a Canada-based exploration company. The company operates undeveloped gold deposits situated in a renowned mining province with an existing road and port infrastructure. The Company's flagship project is Salave, one of the undeveloped gold projects in Europe.

27GF Score

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