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Healwell AI Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
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 Q2 2024Jun 30, 2024
Total Revenue 30.4M 40.5M 14.1M 15.2M 6.7M --
Operating Revenue 30.4M 40.5M 14.1M 15.2M 6.7M --
Cost Of Revenue 13.8M 19.2M 7.6M 9.1M 2.9M --
Gross Profit 16.5M 21.3M 6.5M 6.1M 3.8M --
Selling General And Administration 13.7M 17.2M 16.5M 13.5M 9.3M --
General And Administrative Expense 11.3M 14.0M 15.4M 16.3M 8.8M --
Research And Development 4.9M 5.8M 1.6M 3.9M 1.1M --
Depreciation And Amortization In Income Statement 6.5M 6.6M -- -- 1.7M 2.2M
Operating Expense 25.1M 29.6M 18.1M 17.4M 12.1M --
Operating Income -8.6M -8.3M -11.6M -11.3M -8.2M --
EBIT -12.0M -3.8M -13.0M -13.9M -8.5M --
Interest Expense 3.9M 1.9M 1.3M -358,000 470,000 --
Interest Expense Non Operating 3.9M 1.9M 1.3M -358,000 470,000 --
Interest Income 164,000 86,000 21,000 -- 137,000 159,000
Interest Income Non Operating 164,000 86,000 21,000 -- 137,000 159,000
Net Interest Income -3.8M -1.8M -1.3M 43,000 -333,000 --
Other Income Expense -3.5M 4.4M -1.4M -2.3M -400,000 --
Other Non Operating Income Expenses -- -- -- -- 158,000 159,000
Special Income Charges -804,000 -1.5M -557,000 -2.0M -150,000 --
Restructuring And Mergern Acquisition 804,000 1.5M 557,000 -2.7M 150,000 --
Write Off 0.00 0.00 -- 5.4M 0.00 850,000
Gain On Sale Of Security -2.7M 5.9M -852,000 227,000 -250,000 --
Earnings From Equity Interest -- -- -- -- -- 0.00
Pretax Income -15.9M -5.7M -14.3M -13.5M -9.0M --
Tax Provision 106,000 -1.6M -265,000 142,000 -245,000 --
Tax Effect Of Unusual Items -529,650 1.2M -26,074 -270,900 -10,913 --
Net Income From Continuing And Discontinued Operation -27.9M -4.2M -13.8M -13.4M -10.6M --
Net Income From Continuing Operation Net Minority Interest -15.8M -4.2M -13.8M -13.4M -8.2M --
Net Income Including Noncontrolling Interests -28.0M -4.1M -14.1M -13.7M -11.1M --
Minority Interests 149,000 -69,000 302,000 249,000 547,000 --
Net Income Common Stockholders -27.9M -4.2M -13.8M -13.4M -10.6M --
Net Income -27.9M -4.2M -13.8M -13.4M -10.6M --
EBITDA -5.5M 2.8M -10.8M -11.6M -6.8M --
Normalized EBITDA -1.9M -1.6M -9.4M -9.8M -6.4M --
Reconciled Depreciation 5.8M 6.6M 2.2M 2.3M 1.0M --
Basic EPS -0.12 -0.01 -0.08 -0.23 -0.07 --
Diluted EPS -0.12 -0.01 -0.08 -0.23 -0.07 --
Basic Average Shares 237.8M 296.5M 171.9M 53.7M 151.3M --
Diluted Average Shares 237.8M 296.5M 171.9M 53.7M 151.3M --
Total Unusual Items -3.5M 4.4M -1.4M -1.8M -400,000 --
Total Unusual Items Excluding Goodwill -3.5M 4.4M -1.4M -1.8M -400,000 --
Tax Rate For Calcs 0.15 0.28 0.02 0.15 0.03 --
Normalized Income -12.8M -7.3M -12.4M -11.9M -7.8M --
Amortization 5.6M 5.7M -- -- 1.5M 2.0M
Amortization Of Intangibles Income Statement 5.6M 5.7M -- -- 1.5M 2.0M
Depreciation Amortization Depletion Income Statement 6.5M 6.6M -- -- 1.7M 2.2M
Depreciation Income Statement 924,000 933,000 -- -- 133,000 186,000
Diluted NI Availto Com Stockholders -27.9M -4.2M -13.8M -13.4M -10.6M --
Impairment Of Capital Assets 0.00 0.00 -- -- 0.00 228,000
Net Income Continuous Operations -16.0M -4.1M -14.1M -13.7M -8.7M --
Net Income Discontinuous Operations -12.0M 0.00 0.00 0.00 -2.4M --
Net Non Operating Interest Income Expense -3.8M -1.8M -1.3M 43,000 -333,000 --
Other Gand A 8.2M 10.3M 15.4M 16.3M 5.5M --
Other Special Charges -- -- -- 0.00 -- -11.0M
Reconciled Cost Of Revenue 14.5M 19.2M 7.6M 9.1M 3.5M --
Salaries And Wages 3.1M 3.7M -- -- 3.2M 702,000
Selling And Marketing Expense 2.4M 3.2M 1.1M -2.8M 556,000 --
Total Expenses 38.9M 48.8M 25.7M 26.5M 14.9M --
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Cash And Cash Equivalents 15.6M 19.1M 18.4M 9.4M 15.2M --
Cash Cash Equivalents And Short Term Investments 15.6M 19.1M 18.4M 9.7M 15.2M --
Cash Financial -- -- -- 9.4M 15.2M 19.8M
Other Short Term Investments -- -- -- 269,000 -- --
Accounts Receivable 17.0M 21.8M 7.7M 4.1M 5.7M --
Receivables 37.1M 39.7M 9.4M 6.3M 8.5M --
Prepaid Assets -- -- -- -- 0.00 8.4M
Other Current Assets 7.5M 8.7M 2.3M 2.4M 5.8M --
Current Assets 78.5M 67.5M 112.6M 18.3M 29.5M --
Gross PPE 14.9M 25.2M 19.9M 20.2M 19.0M --
Accumulated Depreciation -9.5M -16.4M -15.5M -15.3M -15.1M --
Net PPE 5.4M 8.8M 4.4M 4.9M 3.8M --
Goodwill 78.9M 98.3M 67.1M 67.1M 69.8M --
Goodwill And Other Intangible Assets 215.6M 246.4M 93.8M 95.4M 90.3M --
Other Intangible Assets 136.7M 148.0M 26.7M 28.3M 20.5M --
Investments And Advances 5.3M 5.3M 3.5M 4.5M 3.5M --
Other Investments -- -- -- 366,000 3.5M 3.2M
Other Non Current Assets 736,000 790,000 4.2M 115,000 125,000 --
Total Non Current Assets 231.3M 264.4M 108.3M 107.2M 98.5M --
Total Assets 309.8M 331.9M 220.9M 125.5M 128.0M --
Current Debt 23.6M 30.0M 6.1M 1.8M 7.2M --
Current Debt And Capital Lease Obligation 25.9M 33.0M 7.0M 2.7M 7.7M --
Accounts Payable 14.5M 21.9M 7.1M 4.3M 4.0M --
Payables 16.6M 24.3M 10.3M 11.4M 12.3M --
Payables And Accrued Expenses 28.0M 36.0M 14.8M 16.2M 16.9M --
Current Accrued Expenses 11.4M 11.6M 4.5M 4.8M 4.6M --
Current Deferred Revenue 16.8M 19.6M 5.1M 2.5M 2.2M --
Other Current Liabilities 21.4M 9.2M 2.7M 1.9M 3.7M --
Current Liabilities 92.2M 97.8M 29.7M 23.3M 30.5M --
Long Term Debt 58.8M 48.5M 74.6M 14.2M 8.6M --
Long Term Debt And Capital Lease Obligation 62.6M 56.0M 79.6M 19.5M 12.4M --
Long Term Capital Lease Obligation 3.8M 7.5M 5.0M 5.2M 3.8M --
Other Non Current Liabilities 26.3M 25.5M 2.6M 2.6M 4.1M --
Total Non Current Liabilities Net Minority Interest 93.5M 85.8M 88.4M 28.5M 19.5M --
Total Liabilities Net Minority Interest 185.7M 183.5M 118.1M 51.9M 50.0M --
Common Stock 244.8M 226.9M 172.3M 140.1M 134.9M --
Capital Stock 244.8M 226.9M 172.3M 140.1M 134.9M --
Additional Paid In Capital -- -- 20.6M 17.3M 16.6M 15.5M
Retained Earnings -150.6M -113.2M -109.0M -95.2M -81.8M --
Gains Losses Not Affecting Retained Earnings -909,000 563,000 147,000 -3,000 560,000 --
Common Stock Equity 120.3M 138.8M 93.3M 63.9M 71.9M --
Stockholders Equity 120.3M 138.8M 93.3M 63.9M 71.9M --
Total Equity Gross Minority Interest 124.1M 148.4M 102.8M 73.7M 78.0M --
Minority Interest 3.8M 9.6M 9.5M 9.8M 6.1M --
Total Capitalization 179.1M 187.3M 167.9M 78.1M 80.5M --
Net Tangible Assets -95.3M -107.6M -471,000 -31.6M -18.3M --
Tangible Book Value -95.3M -107.6M -471,000 -31.6M -18.3M --
Working Capital -13.7M -30.3M 82.9M -5.0M -1.1M --
Invested Capital 202.7M 217.3M 174.0M 79.9M 87.7M --
Total Debt 88.5M 89.0M 86.7M 22.2M 20.1M --
Net Debt 66.8M 59.4M 62.2M 6.6M 546,000 --
Share Issued 309.2M 296.5M 256.7M 199.6M 196.7M --
Ordinary Shares Number 309.2M 296.5M 256.7M 199.6M 196.7M --
Allowance For Doubtful Accounts Receivable -- -- -172,000 -190,000 -16,000 -48,000
Assets Held For Sale Current 18.2M -- -- 0.00 0.00 0.00
Available For Sale Securities -- -- 3.5M 4.1M -- --
Capital Lease Obligations 6.1M 10.5M 6.0M 6.2M 4.4M --
Current Capital Lease Obligation 2.3M 3.0M 950,000 946,000 533,000 --
Current Deferred Liabilities 16.8M 19.6M 5.1M 2.5M 2.2M --
Current Notes Payable 0.00 2.6M -- -- -- --
Dividends Payable -- -- -- -- 0.00 --
Duefrom Related Parties Current 232,000 403,000 -- -- -- --
Dueto Related Parties Current 63,000 63,000 -- -- -- --
Financial Assets 997,000 1.5M 2.0M 2.3M 600,000 --
Financial Assets Designatedas Fair Value Through Profitor Loss Total 5.3M 5.3M 3.5M 4.1M -- --
Foreign Currency Translation Adjustments -909,000 563,000 147,000 -3,000 560,000 --
Gross Accounts Receivable -- -- 7.8M 6.2M 8.4M 4.1M
Income Tax Payable 2.0M 2.3M 411,000 373,000 420,000 --
Investmentin Financial Assets 5.3M 5.3M 3.5M 4.1M -- --
Leases 965,000 4.0M 3.8M 3.8M 4.6M --
Machinery Furniture Equipment 1.8M 3.9M 3.2M 3.0M 3.8M --
Non Current Accounts Receivable 2.3M 687,000 366,000 -- 225,000 225,000
Non Current Deferred Assets 957,000 977,000 -- -- -- --
Non Current Deferred Liabilities 4.7M 4.3M 6.2M 6.5M 2.9M --
Non Current Deferred Taxes Assets 957,000 977,000 -- -- -- --
Non Current Deferred Taxes Liabilities 4.7M 4.3M 6.2M 6.5M 2.9M --
Other Current Borrowings 23.6M 27.3M 6.1M 1.8M 7.2M --
Other Equity Interest 27.0M 24.5M 9.3M 1.7M 1.7M --
Other Payable 74,000 74,000 2.8M 6.7M 7.9M --
Other Properties 12.2M 17.4M 12.9M 13.4M 10.6M --
Other Receivables 19.9M 22.0M 1.8M 2.4M 2.8M --
Properties 0.00 0.00 0.00 0.00 0.00 --
Receivables Adjustments Allowances -- -4.6M -172,000 -190,000 -16,000 -48,000
Restricted Cash -- -- 82.4M -- -- --
Total Tax Payable 2.0M 2.3M 411,000 373,000 420,000 --
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Operating Cash Flow -10.5M -5.6M -4.0M -3.5M -5.9M --
Cash Flow From Continuing Operating Activities -11.5M -5.6M -4.0M -3.5M -5.8M --
Depreciation And Amortization 5.8M 6.6M 2.2M 2.3M 1.0M --
Depreciation Amortization Depletion 5.8M 6.6M 2.2M 2.3M 1.0M --
Stock Based Compensation 3.1M 3.7M 3.4M 2.7M 3.2M --
Deferred Tax 808,000 -1.6M -265,000 146,000 -376,000 --
Deferred Income Tax 808,000 -1.6M -265,000 146,000 -376,000 --
Change In Working Capital -9.6M -6.6M 2.3M 3.8M -899,000 --
Changes In Account Receivables -2.2M 10.2M -1.7M 2.2M 611,000 --
Change In Receivables -220,000 4.2M -1.7M 2.2M 611,000 --
Change In Payables And Accrued Expense -7.9M -1.8M 2.1M 982,000 -833,000 --
Change In Other Working Capital -2.8M -2.6M 1.8M -- -- --
Change In Other Current Assets 1.3M -6.5M 40,000 2.3M -677,000 --
Other Non Cash Items 1.7M 3.6M 1.6M -2.5M 426,000 --
Capital Expenditure -1.3M -1.1M -333,000 -- -870,000 -598,000
Purchase Of PPE -161,000 -222,000 -73,000 -54,000 -20,000 --
Net PPE Purchase And Sale -161,000 -222,000 -73,000 -54,000 -20,000 --
Purchase Of Business 365,000 -72.2M 0.00 -562,000 -7.3M --
Sale Of Business -- -- -- 0.00 0.00 --
Purchase Of Investment 0.00 4.1M -4.1M -348,000 8.1M --
Net Investment Purchase And Sale 0.00 4.1M -4.1M -348,000 8.1M --
Investing Cash Flow -610,000 13.2M -86.8M -401,000 -28,000 --
Cash Flow From Continuing Investing Activities -941,000 13.2M -86.8M -401,000 -28,000 --
Issuance Of Debt 9.2M 41.3M 29.8M 123,000 -85,000 --
Repayment Of Debt 420,000 -1.4M -3.9M -314,000 -269,000 --
Net Issuance Payments Of Debt 9.6M 39.9M 25.9M -191,000 -354,000 --
Issuance Of Capital Stock 0.00 0.00 23.6M 0.00 0.00 --
Net Common Stock Issuance 0.00 0.00 23.6M -625,000 0.00 --
Financing Cash Flow 5.4M -5.4M 99.8M -1.4M 840,000 --
Cash Flow From Continuing Financing Activities 6.2M -5.4M 99.8M -1.4M 840,000 --
Effect Of Exchange Rate Changes 2.2M -1.6M 99,000 -- 460,000 367,000
Changes In Cash -5.7M 2.2M 8.9M -5.3M -5.0M --
Beginning Cash Position 19.1M 18.4M 9.4M 15.2M 19.8M --
End Cash Position 15.6M 19.1M 18.4M 9.4M 15.2M --
Free Cash Flow -11.8M -6.7M -4.4M -3.0M -6.7M --
Asset Impairment Charge 0.00 -- -- 4.5M 1,000 1.1M
Cash From Discontinued Financing Activities -- -- -- 0.00 0.00 --
Cash From Discontinued Investing Activities -- -- -- 0.00 0.00 --
Cash From Discontinued Operating Activities 1.1M 0.00 0.00 0.00 -60,000 --
Common Stock Issuance 0.00 0.00 23.6M 0.00 0.00 --
Gain Loss On Investment Securities 782,000 -2.8M 211,000 50,000 250,000 --
Interest Paid Cfo -1.8M -- -- -- 71,000 --
Long Term Debt Issuance 9.2M 41.3M 29.8M 123,000 -85,000 --
Long Term Debt Payments 420,000 -1.4M -3.9M -314,000 -269,000 --
Net Business Purchase And Sale 365,000 -72.2M 0.00 -562,000 -7.3M --
Net Foreign Currency Exchange Gain Loss 1.9M -- -- -- 0.00 --
Net Income From Continuing Operations -14.2M -4.1M -14.1M -14.2M -9.5M --
Net Intangibles Purchase And Sale -1.1M -878,000 -260,000 563,000 -850,000 --
Net Long Term Debt Issuance 9.6M 39.9M 25.9M -191,000 -354,000 --
Net Other Financing Charges -131,000 -48.9M 45.7M -1.4M 1.1M --
Net Other Investing Changes -- -- -82.4M -- -- --
Operating Gains Losses 2.7M -4.1M 211,000 50,000 250,000 --
Proceeds From Stock Option Exercised -3.3M 3.6M 4.6M 828,000 59,000 --
Provisionand Write Offof Assets -109,000 61,000 0.00 21,000 -32,000 --
Purchase Of Intangibles -1.1M -878,000 -260,000 563,000 -850,000 --
Unrealized Gain Loss On Investment Securities 18,000 -1.9M 641,000 -277,000 0.00 --
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