Atlas Engineered Products Ltd.
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 | 20.3M | 13.7M | 11.0M | 15.1M | 16.6M |
| Operating Revenue | 20.3M | 13.7M | 11.0M | 15.1M | 16.6M |
| Cost Of Revenue | 15.8M | 11.3M | 9.3M | 11.5M | 12.5M |
| Gross Profit | 4.5M | 2.3M | 1.7M | 3.6M | 4.1M |
| Selling General And Administration | 2.1M | 2.2M | 1.9M | 2.1M | 1.8M |
| General And Administrative Expense | 2.1M | 2.2M | 1.9M | 2.1M | 1.8M |
| Depreciation And Amortization In Income Statement | 749,249 | 654,692 | 636,641 | 719,098 | 702,277 |
| Operating Expense | 2.9M | 2.9M | 2.5M | 2.8M | 2.5M |
| Operating Income | 1.6M | -545,412 | -770,623 | 753,020 | 1.6M |
| EBIT | 2.3M | -536,211 | -692,453 | -630,146 | 1.8M |
| Interest Expense | 422,440 | 373,433 | 376,766 | 396,972 | 479,204 |
| Interest Expense Non Operating | 422,440 | 373,433 | 376,766 | 396,972 | 479,204 |
| Net Interest Income | -422,440 | -373,433 | -376,766 | -396,972 | -479,204 |
| Other Income Expense | 647,318 | 9,201 | 78,170 | -1.4M | 198,280 |
| Other Non Operating Income Expenses | 27,998 | 69,067 | 76,176 | 130,301 | 214,200 |
| Special Income Charges | 608,402 | -938.00 | -191.00 | -1.5M | -7,450 |
| Write Off | 2,311 | 858.00 | 160.00 | 1.5M | 1,896 |
| Gain On Sale Of Security | 10,918 | -58,928 | 2,185 | 35,059 | -8,470 |
| Pretax Income | 1.9M | -909,644 | -1.1M | -1.0M | 1.3M |
| Tax Provision | 5,605 | -201,618 | -222,888 | -188,390 | 403,413 |
| Tax Effect Of Unusual Items | 1,856 | -13,269 | 415.67 | -277,594 | -4,873 |
| Net Income From Continuing And Discontinued Operation | 1.9M | -708,026 | -846,331 | -838,728 | 914,458 |
| Net Income From Continuing Operation Net Minority Interest | 1.9M | -708,026 | -846,331 | -838,728 | 914,458 |
| Net Income Including Noncontrolling Interests | 1.9M | -708,026 | -846,331 | -838,728 | 914,458 |
| Net Income Common Stockholders | 1.9M | -708,026 | -846,331 | -838,728 | 914,458 |
| Net Income | 1.9M | -708,026 | -846,331 | -838,728 | 914,458 |
| EBITDA | 3.7M | 629,646 | 438,883 | 624,373 | 3.0M |
| Normalized EBITDA | 3.1M | 689,512 | 436,889 | 2.1M | 3.0M |
| Reconciled Depreciation | 1.4M | 1.2M | 1.1M | 1.3M | 1.2M |
| Basic EPS | 0.03 | -0.01 | -0.01 | -0.01 | 0.01 |
| Diluted EPS | 0.03 | -0.01 | -0.01 | -0.01 | 0.01 |
| Basic Average Shares | 70.3M | 70.3M | 70.5M | 70.5M | 70.4M |
| Diluted Average Shares | 73.9M | 74.1M | 74.2M | 70.5M | 73.4M |
| Total Unusual Items | 619,320 | -59,866 | 1,994 | -1.5M | -15,920 |
| Total Unusual Items Excluding Goodwill | 619,320 | -59,866 | 1,994 | -1.5M | -15,920 |
| Tax Rate For Calcs | 0.00 | 0.22 | 0.21 | 0.18 | 0.31 |
| Normalized Income | 1.2M | -661,429 | -847,909 | 397,145 | 925,505 |
| Depreciation Amortization Depletion Income Statement | 749,249 | 654,692 | 636,641 | 719,098 | 702,277 |
| Diluted NI Availto Com Stockholders | 1.9M | -708,026 | -846,331 | -838,728 | 914,458 |
| Gain On Sale Of Ppe | -75.00 | -80.00 | -31.00 | 0.00 | -5,554 |
| Impairment Of Capital Assets | -610,788 | -- | -- | -- | 0.00 |
| Net Income Continuous Operations | 1.9M | -708,026 | -846,331 | -838,728 | 914,458 |
| Net Non Operating Interest Income Expense | -422,440 | -373,433 | -376,766 | -396,972 | -479,204 |
| Other Gand A | 845,548 | 1.1M | 705,074 | 950,910 | 770,161 |
| Reconciled Cost Of Revenue | 15.2M | 10.8M | 8.8M | 10.9M | 11.9M |
| Salaries And Wages | 1.3M | 1.1M | 1.2M | 1.2M | 1.0M |
| Total Expenses | 18.7M | 14.2M | 11.8M | 14.3M | 15.0M |
| Total Operating Income As Reported | 1.6M | -546,270 | -770,783 | 689,446 | 1.6M |
| 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 | 3.8M | 5.3M | 8.4M | 13.1M | 16.5M |
| Cash Cash Equivalents And Short Term Investments | 3.8M | 5.3M | 8.4M | 13.1M | 16.5M |
| Accounts Receivable | 10.3M | 8.4M | 7.6M | 7.5M | 8.6M |
| Receivables | 11.6M | 10.9M | 9.2M | 8.8M | 9.9M |
| Inventory | 8.9M | 9.8M | 10.5M | 8.1M | 7.9M |
| Prepaid Assets | 3.3M | 504,818 | 583,527 | 671,657 | 2.0M |
| Current Assets | 27.5M | 26.5M | 28.6M | 30.8M | 36.3M |
| Gross PPE | 45.3M | 40.0M | 35.7M | 34.3M | 31.0M |
| Accumulated Depreciation | -14.9M | -14.1M | -13.3M | -12.5M | -11.6M |
| Net PPE | 30.4M | 25.9M | 22.5M | 21.7M | 19.4M |
| Goodwill | 20.3M | 20.0M | 19.8M | 19.8M | 19.8M |
| Goodwill And Other Intangible Assets | 26.6M | 26.6M | 26.8M | 27.1M | 27.5M |
| Other Intangible Assets | 6.3M | 6.6M | 7.0M | 7.4M | 7.7M |
| Total Non Current Assets | 57.7M | 53.3M | 50.3M | 49.9M | 47.4M |
| Total Assets | 85.1M | 79.8M | 78.9M | 80.7M | 83.7M |
| Current Debt | 3.1M | 3.1M | 3.1M | 3.1M | 3.1M |
| Current Debt And Capital Lease Obligation | 4.3M | 4.0M | 4.1M | 4.2M | 4.2M |
| Accounts Payable | 4.2M | 3.8M | 1.6M | 1.7M | 1.7M |
| Payables | 5.9M | 3.9M | 1.7M | 1.9M | 2.1M |
| Payables And Accrued Expenses | 7.6M | 5.4M | 3.0M | 3.0M | 3.4M |
| Current Accrued Expenses | 1.7M | 1.5M | 1.3M | 1.1M | 1.3M |
| Current Deferred Revenue | 1.3M | 1.1M | 841,286 | 585,379 | 1.0M |
| Current Liabilities | 13.2M | 10.4M | 7.9M | 7.8M | 8.7M |
| Long Term Debt | 15.5M | 16.3M | 17.1M | 17.9M | 19.1M |
| Long Term Debt And Capital Lease Obligation | 18.7M | 18.4M | 19.4M | 20.3M | 21.8M |
| Long Term Capital Lease Obligation | 3.1M | 2.1M | 2.3M | 2.5M | 2.8M |
| Total Non Current Liabilities Net Minority Interest | 22.8M | 22.2M | 23.1M | 24.3M | 25.9M |
| Total Liabilities Net Minority Interest | 36.0M | 32.6M | 31.1M | 32.1M | 34.6M |
| Common Stock | 35.3M | 35.3M | 35.4M | 35.6M | 35.6M |
| Capital Stock | 35.3M | 35.3M | 35.4M | 35.6M | 35.6M |
| Additional Paid In Capital | 2.5M | 2.4M | 2.3M | 2.0M | 1.8M |
| Retained Earnings | 11.3M | 9.4M | 10.1M | 11.0M | 11.8M |
| Common Stock Equity | 49.2M | 47.2M | 47.8M | 48.6M | 49.2M |
| Stockholders Equity | 49.2M | 47.2M | 47.8M | 48.6M | 49.2M |
| Total Equity Gross Minority Interest | 49.2M | 47.2M | 47.8M | 48.6M | 49.2M |
| Total Capitalization | 64.7M | 63.5M | 64.9M | 66.5M | 68.2M |
| Net Tangible Assets | 22.6M | 20.5M | 21.1M | 21.5M | 21.7M |
| Tangible Book Value | 22.6M | 20.5M | 21.1M | 21.5M | 21.7M |
| Working Capital | 14.3M | 16.0M | 20.7M | 23.0M | 27.7M |
| Invested Capital | 67.8M | 66.6M | 68.0M | 69.5M | 71.3M |
| Total Debt | 23.0M | 22.4M | 23.5M | 24.6M | 26.0M |
| Net Debt | 14.9M | 14.1M | 11.8M | 7.8M | 5.7M |
| Share Issued | 70.3M | 70.3M | 70.4M | 70.5M | 70.5M |
| Ordinary Shares Number | 70.3M | 70.3M | 70.4M | 70.5M | 70.5M |
| Capital Lease Obligations | 4.4M | 3.0M | 3.3M | 3.6M | 3.9M |
| Current Capital Lease Obligation | 1.2M | 959,257 | 1.0M | 1.1M | 1.1M |
| Current Deferred Liabilities | 1.3M | 1.1M | 841,286 | 585,379 | 1.0M |
| Finished Goods | 1.1M | 1.9M | 1.5M | 532,799 | 1.1M |
| Land And Improvements | 24.0M | 22.2M | 18.9M | 18.2M | 14.9M |
| Machinery Furniture Equipment | 8.7M | 7.4M | 7.1M | 6.9M | 6.9M |
| Non Current Deferred Assets | 739,089 | 732,525 | 1.1M | 1.1M | 573,480 |
| Non Current Deferred Liabilities | 4.1M | 3.8M | 3.8M | 4.0M | 4.1M |
| Non Current Deferred Taxes Assets | 739,089 | 732,525 | 1.1M | 1.1M | 573,480 |
| Non Current Deferred Taxes Liabilities | 4.1M | 3.8M | 3.8M | 4.0M | 4.1M |
| Other Current Borrowings | 3.1M | 3.1M | 3.1M | 3.1M | 3.1M |
| Other Inventories | 118,685 | 129,323 | 148,357 | 159,983 | 165,017 |
| Other Payable | 1.6M | -11,845 | 25,416 | 50,953 | 55,945 |
| Other Properties | 12.6M | 10.4M | 9.8M | 9.2M | 9.1M |
| Other Receivables | 409,642 | 1.6M | 182,694 | 490,073 | 367,353 |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 7.1M | 7.6M | 8.4M | 7.2M | 6.4M |
| Receivables Adjustments Allowances | -12,088 | -9,778 | -8,920 | -8,760 | -7,082 |
| Taxes Receivable | 892,868 | 946,522 | 1.4M | 838,736 | 965,760 |
| Total Tax Payable | 132,776 | 41,662 | 10,010 | 172,713 | 382,748 |
| Work In Process | 521,733 | 201,989 | 358,405 | 216,543 | 210,186 |
| 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 | 2.5M | 2.9M | -2.0M | -161,241 | 820,147 |
| Cash Flow From Continuing Operating Activities | 2.5M | 2.9M | -2.0M | -161,241 | 820,147 |
| Depreciation And Amortization | 1.4M | 1.2M | 1.1M | 1.3M | 1.2M |
| Depreciation Amortization Depletion | 1.4M | 1.2M | 1.1M | 1.3M | 1.2M |
| Stock Based Compensation | 116,622 | 155,747 | 226,113 | 274,518 | 115,207 |
| Deferred Tax | -418,066 | 317,946 | -196,218 | -2.2M | -243,866 |
| Deferred Income Tax | -418,066 | 317,946 | -196,218 | -2.2M | -243,866 |
| Change In Working Capital | 118,618 | 2.0M | -2.4M | -139,200 | -1.2M |
| Changes In Account Receivables | 1.2M | -2.0M | 201,721 | 991,240 | -1.2M |
| Change In Receivables | 1.2M | -1.5M | 201,721 | 1.1M | -10,286 |
| Change In Inventory | 1.8M | 825,370 | -2.3M | -240,571 | 642,631 |
| Change In Payables And Accrued Expense | -402,890 | 2.3M | -621,796 | -423,216 | -959,687 |
| Change In Payable | -402,890 | 2.3M | -621,796 | -423,216 | -959,687 |
| Change In Other Working Capital | 219,223 | 212,395 | 255,907 | -461,579 | 99,869 |
| Other Non Cash Items | -610,788 | -- | -- | -- | -- |
| Capital Expenditure | -1.1M | -3.4M | -1.5M | -3.3M | -493,465 |
| Purchase Of PPE | -1.1M | -3.4M | -1.5M | -3.3M | -493,465 |
| Net PPE Purchase And Sale | -1.1M | -3.4M | -1.5M | -3.3M | -491,965 |
| Purchase Of Business | -2.0M | -1.4M | -- | 1.5M | 0.00 |
| Investing Cash Flow | -3.1M | -4.9M | -1.5M | -1.7M | -491,965 |
| Cash Flow From Continuing Investing Activities | -3.1M | -4.9M | -1.5M | -1.7M | -491,965 |
| Issuance Of Debt | 234,999 | -- | -- | 6,259 | 104,983 |
| Repayment Of Debt | -1.1M | -1.1M | -1.1M | -1.5M | -3.9M |
| Net Issuance Payments Of Debt | -881,415 | -1.1M | -1.1M | -1.5M | -3.8M |
| Issuance Of Capital Stock | 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Repurchase Of Capital Stock | 0.00 | -118,674 | -138,631 | 0.00 | 0.00 |
| Net Common Stock Issuance | 0.00 | -118,674 | -138,631 | 0.00 | 0.00 |
| Common Stock Payments | 0.00 | -118,674 | -138,631 | 0.00 | 0.00 |
| Financing Cash Flow | -881,415 | -1.2M | -1.2M | -1.5M | -3.8M |
| Cash Flow From Continuing Financing Activities | -881,415 | -1.2M | -1.2M | -1.5M | -3.8M |
| Changes In Cash | -1.5M | -3.1M | -4.7M | -3.4M | -3.5M |
| Beginning Cash Position | 5.3M | 8.4M | 13.1M | 16.5M | 20.0M |
| End Cash Position | 3.8M | 5.3M | 8.4M | 13.1M | 16.5M |
| Free Cash Flow | 1.4M | -536,576 | -3.5M | -3.4M | 326,682 |
| Income Tax Paid Supplemental Data | 201,819 | -- | 653,523 | 25,011 | 306,129 |
| Interest Paid Supplemental Data | 422,440 | 373,433 | 376,767 | 396,972 | 479,204 |
| Amortization Cash Flow | 361,157 | 361,155 | -- | -- | 361,320 |
| Amortization Of Intangibles | 361,157 | 361,155 | -- | -- | 361,320 |
| Change In Account Payable | -373,210 | 2.3M | -15,729 | -423,216 | -959,687 |
| Change In Income Tax Payable | -29,680 | -- | -606,067 | 0.00 | 0.00 |
| Change In Prepaid Assets | -2.8M | 87,771 | 88,130 | -132,098 | -980,527 |
| Change In Tax Payable | -29,680 | -- | -606,067 | 0.00 | 0.00 |
| Common Stock Issuance | 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Depreciation | 1.0M | 804,702 | -- | -- | 873,043 |
| Long Term Debt Issuance | 234,999 | -- | -- | 6,259 | 104,983 |
| Long Term Debt Payments | -1.1M | -1.1M | -1.1M | -1.5M | -3.9M |
| Net Business Purchase And Sale | -2.0M | -1.4M | -- | 1.5M | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -5,497 | 8,605 | 27,273 | -32,126 | 2,431 |
| Net Income From Continuing Operations | 1.9M | -708,026 | -846,331 | -838,728 | 914,458 |
| Net Long Term Debt Issuance | -881,415 | -1.1M | -1.1M | -1.5M | -3.8M |
| Net Other Financing Charges | -- | -- | -- | 4,735 | -77,228 |
| Operating Gains Losses | -5,422 | 8,685 | 27,304 | -32,126 | 7,985 |
| Proceeds From Stock Option Exercised | 0.00 | 0.00 | 0.00 | 8,300 | 124,925 |
| Sale Of PPE | 0.00 | 1,500 | 2,000 | 0.00 | 1,500 |