Atlas Engineered Products Ltd.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 55.8M | 49.4M | 61.9M | 55.0M |
| Operating Revenue | 55.8M | 49.4M | 61.9M | 55.0M |
| Cost Of Revenue | 42.3M | 35.9M | 42.1M | 38.8M |
| Gross Profit | 13.5M | 13.6M | 19.8M | 16.2M |
| Selling General And Administration | 7.6M | 6.6M | 5.9M | 4.9M |
| General And Administrative Expense | 7.6M | 6.6M | 5.9M | 4.9M |
| Depreciation And Amortization In Income Statement | 3.0M | 1.7M | 1.4M | 1.3M |
| Other Operating Expenses | -- | -- | -- | 55,246 |
| Operating Expense | 10.6M | 8.3M | 7.3M | 6.2M |
| Operating Income | 3.0M | 5.3M | 12.6M | 9.9M |
| EBIT | 2.0M | 6.0M | 12.7M | 9.7M |
| Interest Expense | 2.1M | 1.5M | 673,901 | 424,047 |
| Interest Expense Non Operating | 2.1M | 1.5M | 673,901 | 424,047 |
| Interest Income | -- | -- | -- | 26,337 |
| Interest Income Non Operating | -- | -- | -- | 26,337 |
| Net Interest Income | -2.1M | -1.5M | -673,901 | -424,047 |
| Other Income Expense | -976,808 | 702,935 | 129,567 | -203,842 |
| Other Non Operating Income Expenses | 553,493 | 723,472 | 233,984 | 31,759 |
| Special Income Charges | -1.6M | -17,474 | -93,073 | -223,035 |
| Write Off | 1.6M | 30,582 | 22,902 | 52,202 |
| Gain On Sale Of Security | 24,708 | -3,063 | -11,344 | -12,566 |
| Pretax Income | -96,156 | 4.5M | 12.0M | 9.3M |
| Tax Provision | 115,972 | 1.3M | 3.2M | 2.4M |
| Tax Effect Of Unusual Items | -229,545 | -6,015 | -27,633 | -59,525 |
| Net Income From Continuing And Discontinued Operation | -212,128 | 3.1M | 8.8M | 7.0M |
| Net Income From Continuing Operation Net Minority Interest | -212,128 | 3.1M | 8.8M | 7.0M |
| Net Income Including Noncontrolling Interests | -212,128 | 3.1M | 8.8M | 7.0M |
| Net Income Common Stockholders | -212,128 | 3.1M | 8.8M | 7.0M |
| Net Income | -212,128 | 3.1M | 8.8M | 7.0M |
| EBITDA | 7.1M | 9.5M | 15.6M | 12.4M |
| Normalized EBITDA | 8.7M | 9.5M | 15.7M | 12.6M |
| Reconciled Depreciation | 5.1M | 3.5M | 2.9M | 2.6M |
| Basic EPS | 0.00 | 0.05 | 0.15 | 0.12 |
| Diluted EPS | 0.00 | 0.05 | 0.14 | 0.09 |
| Basic Average Shares | 65.1M | 58.1M | 58.7M | 57.7M |
| Diluted Average Shares | 65.1M | 61.0M | 63.1M | 77.1M |
| Total Unusual Items | -1.5M | -20,537 | -104,417 | -235,601 |
| Total Unusual Items Excluding Goodwill | -1.5M | -20,537 | -104,417 | -235,601 |
| Tax Rate For Calcs | 0.15 | 0.29 | 0.26 | 0.25 |
| Normalized Income | 1.1M | 3.2M | 8.9M | 7.1M |
| Depreciation Amortization Depletion Income Statement | 3.0M | 1.7M | 1.4M | 1.3M |
| Diluted NI Availto Com Stockholders | -212,128 | 3.1M | 8.8M | 7.0M |
| Gain On Sale Of Ppe | -3,814 | 13,108 | -70,171 | -170,833 |
| Net Income Continuous Operations | -212,128 | 3.1M | 8.8M | 7.0M |
| Net Non Operating Interest Income Expense | -2.1M | -1.5M | -673,901 | -424,047 |
| Other Gand A | 3.2M | 3.1M | 2.3M | 1.7M |
| Reconciled Cost Of Revenue | 40.2M | 34.0M | 40.5M | 37.5M |
| Salaries And Wages | 4.4M | 3.5M | 3.6M | 3.2M |
| Total Expenses | 52.9M | 44.1M | 49.3M | 45.1M |
| Total Operating Income As Reported | 2.9M | 5.3M | 12.5M | 9.9M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 13.1M | 14.7M | 16.1M | 8.9M |
| Cash Cash Equivalents And Short Term Investments | 13.1M | 14.7M | 16.1M | 8.9M |
| Accounts Receivable | 7.5M | 6.6M | 5.8M | 6.7M |
| Receivables | 8.8M | 9.0M | 5.8M | 6.7M |
| Inventory | 8.1M | 6.8M | 4.6M | 3.4M |
| Prepaid Assets | 671,657 | 205,674 | 362,712 | 189,112 |
| Current Assets | 30.8M | 30.8M | 26.9M | 19.3M |
| Gross PPE | 34.3M | 30.0M | 21.2M | 15.8M |
| Accumulated Depreciation | -12.5M | -9.1M | -9.3M | -7.3M |
| Net PPE | 21.7M | 20.9M | 11.9M | 8.5M |
| Goodwill | 19.8M | 18.2M | 6.7M | 3.8M |
| Goodwill And Other Intangible Assets | 27.1M | 27.3M | 11.3M | 7.7M |
| Other Intangible Assets | 7.4M | 9.1M | 4.6M | 3.9M |
| Total Non Current Assets | 49.9M | 48.6M | 23.6M | 16.5M |
| Total Assets | 80.7M | 79.4M | 50.5M | 35.8M |
| Current Debt | 3.1M | 3.5M | 1.8M | 951,983 |
| Current Debt And Capital Lease Obligation | 4.2M | 4.5M | 2.7M | 1.9M |
| Accounts Payable | 1.7M | 1.2M | 573,251 | 1.3M |
| Payables | 1.9M | 1.6M | 2.0M | 3.2M |
| Payables And Accrued Expenses | 3.0M | 2.9M | 3.7M | 4.4M |
| Current Accrued Expenses | 1.1M | 1.3M | 1.8M | 1.2M |
| Current Deferred Revenue | 585,379 | 464,760 | 375,636 | 411,054 |
| Current Liabilities | 7.8M | 7.9M | 6.9M | 6.8M |
| Long Term Debt | 17.9M | 30.2M | 11.7M | 6.0M |
| Long Term Debt And Capital Lease Obligation | 20.3M | 33.7M | 12.5M | 7.4M |
| Long Term Capital Lease Obligation | 2.5M | 3.5M | 842,680 | 1.4M |
| Other Non Current Liabilities | -- | -- | 31,517 | 65,921 |
| Total Non Current Liabilities Net Minority Interest | 24.3M | 37.1M | 14.8M | 9.2M |
| Total Liabilities Net Minority Interest | 32.1M | 45.0M | 21.6M | 16.0M |
| Common Stock | 35.6M | 21.5M | 19.4M | 19.1M |
| Capital Stock | 35.6M | 21.5M | 19.4M | 19.1M |
| Additional Paid In Capital | 2.0M | 1.8M | 1.4M | 1.5M |
| Retained Earnings | 11.0M | 11.2M | 8.1M | -778,137 |
| Common Stock Equity | 48.6M | 34.4M | 28.9M | 19.8M |
| Stockholders Equity | 48.6M | 34.4M | 28.9M | 19.8M |
| Total Equity Gross Minority Interest | 48.6M | 34.4M | 28.9M | 19.8M |
| Total Capitalization | 66.5M | 64.6M | 40.5M | 25.8M |
| Net Tangible Assets | 21.5M | 7.2M | 17.6M | 12.1M |
| Tangible Book Value | 21.5M | 7.2M | 17.6M | 12.1M |
| Working Capital | 23.0M | 22.9M | 20.0M | 12.5M |
| Invested Capital | 69.5M | 68.1M | 42.4M | 26.8M |
| Total Debt | 24.6M | 38.3M | 15.2M | 9.4M |
| Net Debt | 7.8M | 18.9M | -- | -- |
| Share Issued | 70.5M | 59.2M | 57.8M | 57.7M |
| Ordinary Shares Number | 70.5M | 59.2M | 57.8M | 57.7M |
| Assets Held For Sale Current | -- | -- | 0.00 | 69,954 |
| Capital Lease Obligations | 3.6M | 4.6M | 1.8M | 2.4M |
| Current Capital Lease Obligation | 1.1M | 1.1M | 918,593 | 989,229 |
| Current Deferred Liabilities | 585,379 | 464,760 | 375,636 | 411,054 |
| Finished Goods | 532,799 | 581,889 | 422,077 | 720,682 |
| Income Tax Payable | -- | 0.00 | 912,371 | 1.4M |
| Land And Improvements | 18.2M | 14.5M | 10.7M | 6.9M |
| Machinery Furniture Equipment | 6.9M | 6.4M | 3.6M | 3.3M |
| Non Current Deferred Assets | 1.1M | 501,699 | 406,773 | 289,441 |
| Non Current Deferred Liabilities | 4.0M | 3.4M | 2.2M | 1.7M |
| Non Current Deferred Taxes Assets | 1.1M | 501,699 | 406,773 | 289,441 |
| Non Current Deferred Taxes Liabilities | 4.0M | 3.4M | 2.2M | 1.7M |
| Other Current Borrowings | 3.1M | 3.5M | 1.8M | 951,983 |
| Other Inventories | 159,983 | 155,631 | -- | -- |
| Other Payable | 50,953 | 36,851 | 112,353 | 102,626 |
| Other Properties | 9.2M | 9.1M | 6.9M | 5.6M |
| Other Receivables | 490,073 | 83,925 | 39,926 | 55,714 |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 7.2M | 5.9M | 4.0M | 2.5M |
| Receivables Adjustments Allowances | -8,760 | -5,412 | -4,914 | -5,866 |
| Taxes Receivable | 838,736 | 2.3M | 0.00 | -- |
| Total Tax Payable | 172,713 | 348,743 | 1.3M | 1.8M |
| Work In Process | 216,543 | 175,033 | 206,834 | 135,071 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 2.5M | 4.5M | 11.3M | 9.6M |
| Cash Flow From Continuing Operating Activities | 2.5M | 4.5M | 11.3M | 9.6M |
| Depreciation And Amortization | 5.1M | 3.5M | 2.9M | 2.6M |
| Depreciation Amortization Depletion | 5.1M | 3.5M | 2.9M | 2.6M |
| Stock Based Compensation | 456,050 | 511,316 | 254,368 | 91,141 |
| Deferred Tax | -1.5M | -546,058 | -352,335 | 739,603 |
| Deferred Income Tax | -1.5M | -546,058 | -352,335 | 739,603 |
| Change In Working Capital | -2.9M | -2.1M | -447,843 | -1.0M |
| Changes In Account Receivables | -1.2M | 1.6M | 1.5M | -1.6M |
| Change In Receivables | 241,224 | -118,756 | 1.5M | -1.6M |
| Change In Inventory | -1.3M | 1.4M | -540,865 | -1.3M |
| Change In Payables And Accrued Expense | 60,721 | -3.0M | -1.2M | 1.5M |
| Change In Payable | 60,721 | -3.0M | -1.2M | 1.5M |
| Change In Other Working Capital | 120,619 | -678,548 | -35,418 | 262,538 |
| Capital Expenditure | -4.3M | -626,302 | -3.6M | -1.3M |
| Purchase Of PPE | -4.3M | -626,302 | -3.6M | -1.3M |
| Net PPE Purchase And Sale | -4.3M | -602,302 | -3.6M | -1.2M |
| Purchase Of Business | 0.00 | -24.3M | -5.9M | 0.00 |
| Investing Cash Flow | -4.3M | -24.9M | -9.6M | -1.2M |
| Cash Flow From Continuing Investing Activities | -4.3M | -24.9M | -9.6M | -1.2M |
| Issuance Of Debt | 111,242 | 31.1M | 8.2M | 963,091 |
| Repayment Of Debt | -13.8M | -11.9M | -2.7M | -2.0M |
| Net Issuance Payments Of Debt | -13.7M | 19.2M | 5.5M | -1.1M |
| Issuance Of Capital Stock | 14.6M | 0.00 | -- | 0.00 |
| Repurchase Of Capital Stock | -21,774 | -270,771 | -1.7M | -178,128 |
| Net Common Stock Issuance | 14.5M | -270,771 | -1.7M | -178,128 |
| Common Stock Payments | -21,774 | -270,771 | -1.7M | -178,128 |
| Financing Cash Flow | 217,718 | 19.1M | 5.5M | -1.2M |
| Cash Flow From Continuing Financing Activities | 217,718 | 19.1M | 5.5M | -1.2M |
| Changes In Cash | -1.6M | -1.4M | 7.2M | 7.1M |
| Beginning Cash Position | 14.7M | 16.1M | 8.9M | 1.8M |
| End Cash Position | 13.1M | 14.7M | 16.1M | 8.9M |
| Free Cash Flow | -1.9M | 3.9M | 7.6M | 8.3M |
| Income Tax Paid Supplemental Data | 145,051 | 4.5M | 3.9M | 510,571 |
| Interest Paid Supplemental Data | 2.1M | 1.5M | 673,901 | 424,047 |
| Amortization Cash Flow | 1.7M | -- | -- | -- |
| Amortization Of Intangibles | 1.7M | -- | -- | -- |
| Asset Impairment Charge | 1.5M | 0.00 | -- | -- |
| Change In Account Payable | 60,721 | -2.1M | -721,792 | 275,486 |
| Change In Income Tax Payable | 0.00 | -912,371 | -467,422 | 1.2M |
| Change In Prepaid Assets | -2.0M | 268,678 | -149,217 | 95,550 |
| Change In Tax Payable | 0.00 | -912,371 | -467,422 | 1.2M |
| Common Stock Issuance | 14.6M | 0.00 | -- | 0.00 |
| Depreciation | 3.5M | -- | -- | 2.6M |
| Long Term Debt Issuance | 111,242 | 31.1M | 8.2M | 963,091 |
| Long Term Debt Payments | -13.8M | -11.9M | -2.7M | -2.0M |
| Net Business Purchase And Sale | 0.00 | -24.3M | -5.9M | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -29,695 | 0.00 | -- | 0.00 |
| Net Income From Continuing Operations | -212,128 | 3.1M | 8.8M | 7.0M |
| Net Long Term Debt Issuance | -13.7M | 19.2M | 5.5M | -1.1M |
| Net Other Financing Charges | -831,953 | -- | -- | -- |
| Net Other Investing Changes | -- | -- | -- | 29,003 |
| Operating Gains Losses | -25,881 | -13,108 | 70,171 | 170,833 |
| Proceeds From Stock Option Exercised | 223,225 | 166,500 | 1.7M | 15,000 |
| Sale Of PPE | 15,000 | 24,000 | 0.00 | 84,960 |