Aurora Solar Technologies Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 991,581 | 551,166 | 794,710 | 1.4M | 2.2M |
| Operating Revenue | 991,581 | 551,166 | 794,710 | 1.4M | 2.2M |
| Cost Of Revenue | 343,893 | 414,565 | 251,869 | 683,360 | 946,539 |
| Gross Profit | 647,688 | 136,601 | 542,841 | 733,141 | 1.2M |
| Selling General And Administration | 887,443 | 943,801 | 1.2M | 1.1M | 1.2M |
| General And Administrative Expense | 820,557 | 849,562 | 1.0M | 958,226 | 1.0M |
| Research And Development | 143,908 | 182,630 | 186,832 | 207,647 | 227,976 |
| Depreciation And Amortization In Income Statement | 95,913 | 148,003 | 155,686 | 202,218 | 185,885 |
| Operating Expense | 1.1M | 1.3M | 679,016 | 1.5M | 1.7M |
| Operating Income | -479,576 | -1.1M | -136,175 | -787,496 | -424,007 |
| EBIT | -271,589 | -879,786 | -947,650 | -1.2M | -490,127 |
| Interest Expense | 30,658 | 1,245 | 2,854 | 3,020 | 3,933 |
| Interest Expense Non Operating | 30,658 | 1,245 | 2,854 | 3,020 | 3,933 |
| Net Interest Income | -30,658 | -1,245 | -2,854 | -3,020 | -3,933 |
| Other Income Expense | 207,986 | 258,047 | -811,475 | -427,143 | -66,120 |
| Other Non Operating Income Expenses | 198,423 | 53,191 | 9,833 | 180.00 | 6,889 |
| Special Income Charges | 1,593 | 189,126 | -599,538 | -628,927 | 0.00 |
| Write Off | -1,593 | -189,126 | -- | -- | 0.00 |
| Gain On Sale Of Security | 7,970 | 15,730 | -221,770 | 201,604 | -73,009 |
| Pretax Income | -302,247 | -881,031 | -950,504 | -1.2M | -494,060 |
| Tax Provision | 29,503 | 22,911 | 280,917 | -91,344 | -71,535 |
| Tax Effect Of Unusual Items | 1,434 | 30,728 | -123,196 | -32,056 | -10,571 |
| Net Income From Continuing And Discontinued Operation | -331,750 | -903,942 | -1.2M | -1.1M | -422,525 |
| Net Income From Continuing Operation Net Minority Interest | -331,750 | -903,942 | -1.2M | -1.1M | -422,525 |
| Net Income Including Noncontrolling Interests | -331,750 | -903,942 | -1.2M | -1.1M | -422,525 |
| Net Income Common Stockholders | -331,750 | -903,942 | -1.2M | -1.1M | -422,525 |
| Net Income | -331,750 | -903,942 | -1.2M | -1.1M | -422,525 |
| EBITDA | -175,676 | -731,783 | -791,964 | -1.0M | -304,242 |
| Normalized EBITDA | -185,239 | -936,639 | 29,344 | -585,098 | -231,233 |
| Reconciled Depreciation | 95,913 | 148,003 | 155,686 | 202,218 | 185,885 |
| Basic EPS | 0.00 | 0.00 | -- | -0.01 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | -- | -0.01 | 0.00 |
| Basic Average Shares | 222.2M | 222.2M | -- | 222.2M | 222.2M |
| Diluted Average Shares | 222.2M | 222.2M | -- | 222.2M | 222.2M |
| Total Unusual Items | 9,563 | 204,856 | -821,308 | -427,323 | -73,009 |
| Total Unusual Items Excluding Goodwill | 9,563 | 204,856 | -821,308 | -427,323 | -73,009 |
| Tax Rate For Calcs | 0.15 | 0.15 | 0.15 | 0.08 | 0.14 |
| Normalized Income | -339,879 | -1.1M | -533,309 | -731,048 | -360,087 |
| Depreciation Amortization Depletion Income Statement | 95,913 | 148,003 | 155,686 | 202,218 | 185,885 |
| Depreciation Income Statement | 95,913 | 148,003 | 155,686 | 202,218 | 185,885 |
| Diluted NI Availto Com Stockholders | -331,750 | -903,942 | -1.2M | -1.1M | -422,525 |
| Impairment Of Capital Assets | -- | -- | 425,325 | 628,927 | 0.00 |
| Net Income Continuous Operations | -331,750 | -903,942 | -1.2M | -1.1M | -422,525 |
| Net Non Operating Interest Income Expense | -30,658 | -1,245 | -2,854 | -3,020 | -3,933 |
| Other Gand A | 198,604 | 186,956 | 321,123 | 210,409 | 280,584 |
| Reconciled Cost Of Revenue | 343,893 | 414,565 | 251,869 | 683,360 | 946,539 |
| Salaries And Wages | 621,953 | 662,606 | 681,788 | 747,817 | 764,601 |
| Selling And Marketing Expense | 66,886 | 94,239 | 186,749 | 152,546 | 193,769 |
| Total Expenses | 1.5M | 1.7M | 930,885 | 2.2M | 2.6M |
| Total Operating Income As Reported | -470,012 | -932,977 | 6.4M | -1.2M | -497,016 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 613,189 | 250,500 | 1.3M | 1.2M | 1.4M |
| Cash Cash Equivalents And Short Term Investments | 613,189 | 250,500 | 1.3M | 1.2M | 1.4M |
| Cash Financial | 613,189 | 250,500 | 1.3M | 1.2M | 1.4M |
| Accounts Receivable | 274,048 | 237,811 | 158,966 | 399,257 | 150,990 |
| Receivables | 495,034 | 1.4M | 1.1M | 442,958 | 254,612 |
| Inventory | 3.7M | 3.7M | 3.9M | 3.9M | 4.2M |
| Prepaid Assets | 167,175 | 104,843 | 89,545 | 251,615 | 436,716 |
| Other Current Assets | -- | -- | -- | -- | -- |
| Current Assets | 5.0M | 5.5M | 6.3M | 5.8M | 6.3M |
| Gross PPE | 1.7M | 1.2M | 1.1M | 1.3M | 1.3M |
| Accumulated Depreciation | -879,390 | -862,025 | -791,280 | -715,765 | -611,588 |
| Net PPE | 809,011 | 353,097 | 340,985 | 583,093 | 643,594 |
| Goodwill | -- | -- | 0.00 | 0.00 | 628,927 |
| Goodwill And Other Intangible Assets | 333,147 | 354,519 | 378,868 | 656,766 | 1.3M |
| Other Intangible Assets | 333,147 | 354,519 | 378,868 | 656,766 | 705,245 |
| Other Non Current Assets | 44,174 | 44,175 | 41,838 | 68,842 | 68,922 |
| Total Non Current Assets | 1.2M | 751,791 | 761,691 | 1.7M | 2.3M |
| Total Assets | 6.2M | 6.2M | 7.1M | 7.5M | 8.7M |
| Current Debt | 7,722 | 703,020 | 686,147 | 7,247 | 7,095 |
| Current Debt And Capital Lease Obligation | 252,809 | 738,228 | 778,508 | 194,794 | 233,378 |
| Payables And Accrued Expenses | 1.8M | 1.5M | 1.4M | 922,998 | 1.0M |
| Current Deferred Revenue | 1.5M | 1.4M | 1.7M | 1.9M | 1.6M |
| Current Liabilities | 3.8M | 3.8M | 4.0M | 3.1M | 3.1M |
| Long Term Debt | 32,776 | 22,768 | 24,718 | 26,628 | 28,498 |
| Long Term Debt And Capital Lease Obligation | 277,863 | 22,768 | 24,718 | 26,628 | 28,498 |
| Long Term Capital Lease Obligation | 245,087 | -- | 0.00 | 0.00 | 0.00 |
| Other Non Current Liabilities | 5.00 | -1,199 | -- | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 366,840 | 119,661 | 121,473 | 152,196 | 76,442 |
| Total Liabilities Net Minority Interest | 4.1M | 3.9M | 4.1M | 3.3M | 3.2M |
| Common Stock | 27.7M | 27.7M | 27.7M | 27.7M | 27.7M |
| Capital Stock | 27.7M | 27.7M | 27.7M | 27.7M | 27.7M |
| Additional Paid In Capital | 3.5M | 3.5M | 3.4M | 3.4M | 3.4M |
| Retained Earnings | -29.9M | -29.5M | -28.6M | -27.4M | -26.3M |
| Gains Losses Not Affecting Retained Earnings | 780,973 | 684,087 | 442,079 | 451,426 | 651,245 |
| Other Equity Adjustments | 780,973 | 684,087 | 442,079 | 451,426 | 651,245 |
| Common Stock Equity | 2.1M | 2.3M | 3.0M | 4.2M | 5.5M |
| Stockholders Equity | 2.1M | 2.3M | 3.0M | 4.2M | 5.5M |
| Total Equity Gross Minority Interest | 2.1M | 2.3M | 3.0M | 4.2M | 5.5M |
| Total Capitalization | 2.1M | 2.3M | 3.0M | 4.2M | 5.5M |
| Net Tangible Assets | 1.8M | 2.0M | 2.6M | 3.5M | 4.1M |
| Tangible Book Value | 1.8M | 2.0M | 2.6M | 3.5M | 4.1M |
| Working Capital | 1.3M | 1.7M | 2.3M | 2.7M | 3.2M |
| Invested Capital | 2.1M | 3.0M | 3.7M | 4.2M | 5.5M |
| Total Debt | 530,672 | 760,996 | 803,226 | 221,422 | 261,876 |
| Net Debt | -- | 475,288 | -- | -- | -- |
| Share Issued | 222.2M | 222.2M | 222.2M | 222.2M | 222.2M |
| Ordinary Shares Number | 222.2M | 222.2M | 222.2M | 222.2M | 222.2M |
| Buildings And Improvements | 1.0M | 537,409 | 509,709 | 508,187 | 466,412 |
| Capital Lease Obligations | 490,174 | 35,208 | 92,361 | 187,547 | 226,283 |
| Current Capital Lease Obligation | 245,087 | 35,208 | 92,361 | 187,547 | 226,283 |
| Current Deferred Liabilities | 1.5M | 1.4M | 1.7M | 1.9M | 1.6M |
| Current Provisions | 214,551 | 198,236 | 62,681 | 86,891 | 300,872 |
| Finished Goods | 106,185 | 219,539 | 463,989 | 317,759 | 203,266 |
| Leases | 18,552 | 18,180 | 18,200 | 21,442 | 21,354 |
| Long Term Provisions | 20,771 | 29,891 | 28,554 | 125,568 | 47,944 |
| Machinery Furniture Equipment | 100,160 | 98,601 | 98,710 | 111,521 | 105,552 |
| Non Current Deferred Assets | -- | -- | 0.00 | 367,611 | 277,310 |
| Non Current Deferred Liabilities | 68,201 | 68,201 | 68,201 | -- | -- |
| Non Current Deferred Taxes Assets | -- | -- | 0.00 | 367,611 | 277,310 |
| Non Current Deferred Taxes Liabilities | 68,201 | 68,201 | 68,201 | -- | -- |
| Other Current Borrowings | 7,722 | 703,020 | 686,147 | 7,247 | 7,095 |
| Other Inventories | -- | 1.00 | -- | -- | -- |
| Other Properties | 555,494 | 560,932 | 505,646 | 657,708 | 661,864 |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 2.5M | 2.5M | 2.5M | 2.8M | 2.9M |
| Restricted Cash | 45,775 | 44,665 | 44,950 | -- | -- |
| Taxes Receivable | 220,986 | 1.1M | 912,125 | 43,701 | 103,622 |
| Work In Process | 1.1M | 1.0M | 936,176 | 839,351 | 1.1M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 1.0M | -1.0M | -349,870 | 12,618 | -711,655 |
| Cash Flow From Continuing Operating Activities | 1.0M | -1.0M | -349,870 | 12,618 | -711,655 |
| Depreciation And Amortization | 95,913 | 148,003 | 155,686 | 202,218 | 185,885 |
| Depreciation Amortization Depletion | 95,913 | 148,003 | 155,686 | 202,218 | 185,885 |
| Stock Based Compensation | 23,758 | 29,520 | 11,830 | 51,644 | 72,685 |
| Deferred Tax | 0.00 | 0.00 | 489,985 | -91,345 | -216,207 |
| Deferred Income Tax | 0.00 | 0.00 | 489,985 | -91,345 | -216,207 |
| Change In Working Capital | 1.2M | -117,945 | -364,419 | 313,220 | -327,560 |
| Changes In Account Receivables | 856,907 | -- | -- | -187,302 | 538,119 |
| Change In Receivables | 856,907 | -90,131 | -875,381 | -187,302 | 538,119 |
| Change In Inventory | -13,054 | 156,966 | 37,327 | 298,436 | -74,734 |
| Change In Payables And Accrued Expense | 295,509 | 62,370 | 612,499 | -192,184 | 258,482 |
| Change In Other Working Capital | 140,404 | -231,852 | -300,934 | 209,167 | -1.1M |
| Other Non Cash Items | 985.00 | 1,245 | -11,069 | 34,269 | -3,933 |
| Capital Expenditure | -20,574 | -134,524 | -57,129 | -81,794 | -66,917 |
| Purchase Of PPE | -15,938 | -134,524 | -57,139 | -81,767 | -66,917 |
| Net PPE Purchase And Sale | -15,938 | -134,524 | -57,139 | -81,767 | -66,917 |
| Investing Cash Flow | -20,574 | -136,861 | -57,129 | -81,794 | -75,173 |
| Cash Flow From Continuing Investing Activities | -20,574 | -136,861 | -57,129 | -81,794 | -75,173 |
| Repayment Of Debt | -739,336 | -58,945 | -61,164 | -46,647 | -57,293 |
| Net Issuance Payments Of Debt | -739,336 | -58,945 | 617,581 | -46,647 | -57,293 |
| Financing Cash Flow | -767,763 | -60,190 | 603,044 | -46,647 | -57,293 |
| Cash Flow From Continuing Financing Activities | -767,763 | -60,190 | 603,044 | -46,647 | -57,293 |
| Effect Of Exchange Rate Changes | 146,280 | 221,839 | -108,065 | -153,671 | 133,279 |
| Changes In Cash | 216,409 | -1.2M | 196,045 | -115,823 | -844,121 |
| Beginning Cash Position | 250,500 | 1.3M | 1.2M | 1.4M | 2.2M |
| End Cash Position | 613,189 | 250,500 | 1.3M | 1.2M | 1.4M |
| Free Cash Flow | 984,172 | -1.2M | -406,999 | -69,176 | -778,572 |
| Asset Impairment Charge | -1,593 | -189,126 | 599,538 | 628,927 | 0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | -- | -- | 0.00 |
| Change In Prepaid Assets | -62,333 | -15,298 | 162,070 | 185,103 | 62,359 |
| Depreciation | 95,913 | 148,003 | 155,686 | 202,218 | 185,885 |
| Gain Loss On Sale Of PPE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Paid Cff | -28,427 | -1,245 | -- | -- | 0.00 |
| Long Term Debt Payments | -739,336 | -58,945 | -61,164 | -46,647 | -57,293 |
| Net Income From Continuing Operations | -331,750 | -903,942 | -1.2M | -1.1M | -422,525 |
| Net Intangibles Purchase And Sale | -4,636 | 0.00 | 10.00 | -27.00 | 0.00 |
| Net Long Term Debt Issuance | -739,336 | -58,945 | 617,581 | -46,647 | -57,293 |
| Net Other Financing Charges | -- | -- | -- | -- | -- |
| Net Other Investing Changes | -- | -2,337 | 0.00 | -- | -8,256 |
| Operating Gains Losses | -- | -- | -- | -- | -- |
| Purchase Of Intangibles | -4,636 | 0.00 | 10.00 | -27.00 | 0.00 |
| Sale Of PPE | -- | -- | -- | -- | -- |