Algonquin Power & Utilities Corp.
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 | 582.7M | 527.8M | 692.4M | 584.8M | 573.2M |
| Operating Revenue | 566.7M | 514.5M | 677.0M | 569.2M | 560.3M |
| Cost Of Revenue | 126.3M | 124.6M | 205.0M | 166.4M | 128.4M |
| Gross Profit | 456.4M | 403.2M | 487.4M | 418.4M | 444.8M |
| Selling General And Administration | -- | -- | -- | -- | -- |
| General And Administrative Expense | -- | -- | -- | -- | -- |
| Depreciation And Amortization In Income Statement | 94.7M | 107.0M | 95.3M | 99.6M | 99.4M |
| Other Operating Expenses | 214.3M | 217.4M | 209.3M | 213.2M | 227.9M |
| Operating Expense | 309.0M | 324.4M | 304.6M | 312.9M | 327.3M |
| Operating Income | 147.4M | 78.8M | 182.8M | 105.6M | 117.5M |
| EBIT | 164.8M | 83.9M | 175.1M | 122.0M | 139.2M |
| Interest Expense | 79.1M | 77.5M | 77.8M | 95.8M | 99.4M |
| Interest Expense Non Operating | 79.1M | 77.5M | 77.8M | 95.8M | 99.4M |
| Interest Income | 11.4M | -2.7M | 6.0M | 6.7M | 10.2M |
| Interest Income Non Operating | 11.4M | -2.7M | 6.0M | 6.7M | 10.2M |
| Net Interest Income | -67.7M | -63.4M | -71.1M | -88.4M | -89.2M |
| Other Income Expense | 6.0M | -9.0M | -700,000 | 9.1M | 11.5M |
| Other Non Operating Income Expenses | 1.7M | 9.2M | 7.9M | 3.9M | 2.7M |
| Special Income Charges | -9.6M | -6.8M | -- | -5.7M | -9.5M |
| Restructuring And Mergern Acquisition | 9.6M | 6.8M | -- | 0.00 | 9.5M |
| Write Off | -- | -- | -- | 0.00 | 0.00 |
| Gain On Sale Of Security | 12.3M | -13.7M | -11.1M | 9.5M | 17.2M |
| Earnings From Equity Interest | 1.6M | 2.3M | 2.5M | 1.4M | 1.1M |
| Pretax Income | 85.7M | 6.4M | 97.3M | 26.3M | 39.8M |
| Tax Provision | 27.0M | 7.0M | 19.8M | 153.5M | 6.4M |
| Tax Effect Of Unusual Items | 850,642 | -3.1M | -2.3M | 573,150 | 1.2M |
| Net Income From Continuing And Discontinued Operation | 38.9M | 24.1M | 96.8M | -186.4M | -1.3B |
| Net Income From Continuing Operation Net Minority Interest | 73.7M | 17.4M | 95.4M | -89.7M | 58.3M |
| Net Income Including Noncontrolling Interests | 23.9M | 6.1M | 78.9M | -224.0M | -1.3B |
| Minority Interests | 15.0M | 18.0M | 17.9M | 37.6M | 24.9M |
| Net Income Common Stockholders | 36.2M | 21.5M | 94.2M | -189.1M | -1.3B |
| Net Income | 38.9M | 24.1M | 96.8M | -186.4M | -1.3B |
| EBITDA | 259.5M | 190.9M | 270.4M | 221.7M | 249.8M |
| Normalized EBITDA | 256.8M | 211.4M | 281.5M | 217.8M | 242.1M |
| Reconciled Depreciation | 94.7M | 107.0M | 95.3M | 99.6M | 110.6M |
| Basic EPS | 0.05 | 0.03 | 0.12 | -- | -1.71 |
| Diluted EPS | 0.05 | 0.03 | 0.12 | -- | -1.71 |
| Basic Average Shares | 768.2M | 768.1M | 767.7M | -- | 767.2M |
| Diluted Average Shares | 773.1M | 772.4M | 770.6M | -- | 769.7M |
| Total Unusual Items | 2.7M | -20.5M | -11.1M | 3.8M | 7.7M |
| Total Unusual Items Excluding Goodwill | 2.7M | -20.5M | -11.1M | 3.8M | 7.7M |
| Tax Rate For Calcs | 0.32 | 0.15 | 0.20 | 0.15 | 0.16 |
| Normalized Income | 71.9M | 34.8M | 104.2M | -92.9M | 51.8M |
| Depreciation Amortization Depletion Income Statement | 94.7M | 107.0M | 95.3M | 99.6M | 99.4M |
| Diluted NI Availto Com Stockholders | 36.2M | 21.5M | 94.2M | -189.1M | -1.3B |
| Gain On Sale Of Business | -- | -- | -- | -- | -- |
| Net Income Continuous Operations | 58.7M | -600,000 | 77.5M | -127.3M | 33.4M |
| Net Income Discontinuous Operations | -34.8M | 6.7M | 1.4M | -96.8M | -1.4B |
| Net Non Operating Interest Income Expense | -67.7M | -63.4M | -71.1M | -88.4M | -89.2M |
| Preferred Stock Dividends | 2.7M | 2.6M | 2.6M | 2.7M | 2.7M |
| Reconciled Cost Of Revenue | 126.3M | 124.6M | 205.0M | 166.4M | 117.2M |
| Salaries And Wages | -- | -- | -- | -- | -- |
| Total Expenses | 435.3M | 449.0M | 509.6M | 479.3M | 455.7M |
| Total Operating Income As Reported | 149.7M | 64.8M | 178.9M | 105.9M | 111.1M |
| Total Other Finance Cost | -- | -16.8M | -700,000 | -663,000 | -1.4M |
| 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 | 62.2M | 54.3M | 72.2M | 34.8M | 64.3M |
| Cash Cash Equivalents And Short Term Investments | 62.2M | 54.3M | 72.2M | 34.8M | 64.3M |
| Cash Financial | -- | -- | -- | 34.8M | -- |
| Accounts Receivable | 489.6M | 426.6M | 451.8M | 329.4M | 318.4M |
| Receivables | 546.2M | 480.4M | 523.0M | 422.6M | 381.8M |
| Inventory | 226.6M | 214.1M | 210.3M | 223.6M | 227.5M |
| Prepaid Assets | 94.4M | 57.5M | 70.4M | 68.8M | 80.0M |
| Other Current Assets | 208.6M | 196.5M | 207.9M | 207.7M | 181.9M |
| Current Assets | 1.1B | 1.0B | 1.1B | 1.1B | 1.1B |
| Gross PPE | -- | -- | -- | 11.2B | -- |
| Accumulated Depreciation | -- | -- | -- | -1.7B | -- |
| Net PPE | 9.6B | 9.6B | 9.5B | 9.5B | 9.3B |
| Goodwill | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B |
| Goodwill And Other Intangible Assets | 1.4B | 1.4B | 1.4B | 1.4B | 1.4B |
| Other Intangible Assets | 68.7M | 69.5M | 69.3M | 69.1M | 72.4M |
| Investments And Advances | 209.2M | 215.0M | 224.9M | 67.8M | 1.1B |
| Long Term Equity Investment | 179.6M | 187.3M | 41.1M | 38.1M | 39.0M |
| Other Investments | 27.6M | 27.7M | 183.8M | 27.6M | 27.5M |
| Other Non Current Assets | 213.5M | 225.4M | 207.9M | 3.7B | 3.5B |
| Total Non Current Assets | 12.6B | 12.7B | 12.6B | 15.8B | 16.7B |
| Total Assets | 13.8B | 13.7B | 13.7B | 17.0B | 17.8B |
| Current Debt | 271.6M | 308.2M | 295.4M | 491.7M | 263.8M |
| Current Debt And Capital Lease Obligation | 271.6M | 308.2M | 295.4M | 491.7M | 263.8M |
| Accounts Payable | 92.6M | 89.9M | 108.3M | 164.2M | 107.0M |
| Payables | 142.5M | 139.9M | 158.2M | 213.9M | 157.0M |
| Payables And Accrued Expenses | 569.0M | 512.6M | 533.1M | 717.1M | 659.2M |
| Current Accrued Expenses | 426.5M | 372.7M | 374.9M | 503.2M | 502.2M |
| Other Current Liabilities | 93.6M | 106.0M | 114.8M | 288.6M | 269.4M |
| Current Liabilities | 934.2M | 926.8M | 943.3M | 1.5B | 1.2B |
| Long Term Debt | 6.2B | 6.0B | 6.0B | 6.2B | 7.2B |
| Long Term Debt And Capital Lease Obligation | 6.2B | 6.0B | 6.0B | 6.2B | 7.2B |
| Other Non Current Liabilities | 323.1M | 317.6M | 303.7M | 273.8M | 246.9M |
| Total Non Current Liabilities Net Minority Interest | 7.8B | 7.6B | 7.6B | 9.3B | 10.2B |
| Total Liabilities Net Minority Interest | 8.7B | 8.6B | 8.5B | 10.8B | 11.4B |
| Common Stock | 7.4B | 7.4B | 7.4B | 7.4B | 7.4B |
| Capital Stock | 7.6B | 7.6B | 7.6B | 7.6B | 7.6B |
| Additional Paid In Capital | -16.0M | -19.4M | -22.6M | -19.2M | 1.8M |
| Retained Earnings | -2.9B | -2.9B | -2.9B | -2.9B | -2.7B |
| Gains Losses Not Affecting Retained Earnings | 4.1M | 32.1M | 20.0M | 81.4M | -42.8M |
| Other Equity Adjustments | 4.1M | 32.1M | 20.0M | 81.4M | -42.8M |
| Common Stock Equity | 4.5B | 4.5B | 4.5B | 4.5B | 4.7B |
| Stockholders Equity | 4.6B | 4.7B | 4.7B | 4.7B | 4.8B |
| Total Equity Gross Minority Interest | 5.1B | 5.1B | 5.1B | 6.2B | 6.4B |
| Minority Interest | 430.3M | 444.2M | 455.5M | 1.5B | 1.5B |
| Total Capitalization | 10.8B | 10.7B | 10.7B | 10.9B | 12.1B |
| Net Tangible Assets | 3.3B | 3.3B | 3.3B | 3.3B | 3.4B |
| Tangible Book Value | 3.1B | 3.1B | 3.1B | 3.1B | 3.3B |
| Working Capital | 212.5M | 86.0M | 151.4M | -362.3M | -93.6M |
| Invested Capital | 10.9B | 10.8B | 10.8B | 11.2B | 12.1B |
| Total Debt | 6.4B | 6.3B | 6.3B | 6.7B | 7.5B |
| Net Debt | 6.4B | 6.3B | 6.2B | 6.7B | 7.4B |
| Share Issued | 768.2M | 768.0M | 767.7M | 767.3M | 767.2M |
| Ordinary Shares Number | 768.2M | 768.0M | 767.7M | 767.3M | 767.2M |
| Assets Held For Sale Current | 0.00 | 0.00 | 0.00 | 166.5M | 151.8M |
| Available For Sale Securities | 2.0M | -- | -- | -- | -- |
| Construction In Progress | -- | -- | -- | 433.7M | -- |
| Derivative Product Liabilities | 17.3M | 11.2M | 19.7M | 17.5M | 10.8M |
| Dividends Payable | 49.9M | 50.0M | 49.9M | 49.7M | 50.0M |
| Employee Benefits | 60.6M | 62.7M | 66.1M | 73.6M | 100.5M |
| Financial Assets | 69.5M | 71.2M | 80.6M | 97.4M | 60.3M |
| Hedging Assets Current | 8.7M | 10.0M | 10.9M | 11.1M | 11.4M |
| Investmentin Financial Assets | 2.0M | -- | -- | 2.1M | 1.1B |
| Liabilities Heldfor Sale Non Current | 0.00 | 0.00 | 0.00 | 1.6B | 1.5B |
| Non Current Deferred Assets | 23.9M | 24.3M | 11.2M | 11.2M | 165.4M |
| Non Current Deferred Liabilities | 667.2M | 680.1M | 588.5M | 577.2M | 651.6M |
| Non Current Deferred Taxes Assets | 23.9M | 24.3M | 11.2M | 11.2M | 165.4M |
| Non Current Deferred Taxes Liabilities | 667.2M | 680.1M | 588.5M | 577.2M | 651.6M |
| Non Current Note Receivables | -- | -- | -- | -- | 0.00 |
| Non Current Pension And Other Postretirement Benefit Plans | 60.6M | 62.7M | 66.1M | 73.6M | 100.5M |
| Other Current Borrowings | 271.6M | 308.2M | 295.4M | 491.7M | 263.8M |
| Other Inventories | 45.2M | 34.0M | 26.6M | 43.7M | 41.2M |
| Other Properties | -- | -- | -- | 117.7M | -- |
| Preferred Shares Number | 8.8M | 8.8M | 8.8M | 8.8M | 8.8M |
| Preferred Stock | 184.3M | 184.3M | 184.3M | 184.3M | 184.3M |
| Preferred Stock Equity | 184.3M | 184.3M | 184.3M | 184.3M | 184.3M |
| Receivables Adjustments Allowances | -30.3M | -30.0M | -26.4M | -27.1M | -30.2M |
| 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 | 98.6M | 249.9M | 73.9M | 48.1M | 66.7M |
| Cash Flow From Continuing Operating Activities | 98.6M | 249.9M | 73.9M | 48.1M | 66.7M |
| Depreciation And Amortization | 94.7M | 107.0M | 95.3M | 99.6M | 110.6M |
| Depreciation Amortization Depletion | 94.7M | 107.0M | 95.3M | 99.6M | 110.6M |
| Stock Based Compensation | 3.6M | 2.6M | 3.1M | 3.7M | 4.4M |
| Deferred Tax | 18.7M | 91.0M | 13.9M | 81.2M | -700,000 |
| Deferred Income Tax | 18.7M | 91.0M | 13.9M | 81.2M | -700,000 |
| Change In Working Capital | -72.7M | 58.7M | -96.9M | -84.9M | -70.4M |
| Changes In Account Receivables | -69.0M | 44.9M | -35.8M | -56.4M | -25.3M |
| Change In Receivables | -67.4M | 46.0M | -32.3M | -64.9M | -22.7M |
| Change In Inventory | -12.6M | -3.7M | 13.3M | 3.7M | 3.8M |
| Change In Payables And Accrued Expense | 64.0M | 18.2M | -65.4M | -5.0M | 15.7M |
| Change In Payable | 64.0M | 18.2M | -65.4M | -5.0M | 15.7M |
| Change In Other Working Capital | -24.6M | -10.4M | -15.8M | -32.3M | -46.3M |
| Other Non Cash Items | 42.3M | -15.8M | -16.5M | 177.8M | 1.3B |
| Capital Expenditure | -150.8M | -185.8M | -222.6M | -273.3M | -182.3M |
| Purchase Of PPE | -150.8M | -185.8M | -222.6M | -273.3M | -182.3M |
| Net PPE Purchase And Sale | -150.8M | -185.8M | -222.6M | -273.3M | -182.3M |
| Purchase Of Business | 0.00 | 0.00 | -16.1M | -- | 0.00 |
| Sale Of Business | 0.00 | 0.00 | 2.0B | 0.00 | 0.00 |
| Purchase Of Investment | 0.00 | -4.9M | 0.00 | -33.0M | -4.0M |
| Sale Of Investment | 0.00 | -- | -- | 1.1B | 3.2M |
| Net Investment Purchase And Sale | 0.00 | -4.9M | 0.00 | 1.1B | -800,000 |
| Investing Cash Flow | -158.7M | -198.8M | 1.7B | 786.2M | -185.5M |
| Cash Flow From Continuing Investing Activities | -158.7M | -198.8M | 1.7B | 786.2M | -185.5M |
| Issuance Of Debt | 306.3M | 56.0M | 232.2M | 1.1B | 629.3M |
| Repayment Of Debt | -188.7M | -70.6M | -2.0B | -1.9B | -428.7M |
| Net Issuance Payments Of Debt | 117.6M | -14.6M | -1.8B | -792.0M | 200.6M |
| Issuance Of Capital Stock | 0.00 | 0.00 | 800,000 | 698,000 | 900,000 |
| Repurchase Of Capital Stock | -- | -- | -- | 0.00 | 0.00 |
| Net Common Stock Issuance | 0.00 | 0.00 | 800,000 | 698,000 | 900,000 |
| Common Stock Dividend Paid | -50.5M | -50.4M | -50.1M | -50.5M | -83.8M |
| Financing Cash Flow | 64.8M | -59.5M | -1.9B | -856.8M | 126.3M |
| Cash Flow From Continuing Financing Activities | 64.8M | -59.5M | -1.9B | -856.8M | 126.3M |
| Effect Of Exchange Rate Changes | -600,000 | 500,000 | 900,000 | -2.8M | 1.3M |
| Changes In Cash | 4.7M | -8.4M | -41.5M | -22.4M | 7.5M |
| Beginning Cash Position | 82.6M | 90.5M | 131.1M | 156.3M | 147.5M |
| End Cash Position | 86.7M | 82.6M | 90.5M | 131.1M | 156.3M |
| Free Cash Flow | -52.2M | 64.1M | -148.7M | -225.1M | -115.6M |
| Income Tax Paid Supplemental Data | 9.4M | -- | 10.4M | -- | 1.0M |
| Interest Paid Supplemental Data | 81.3M | 70.8M | 90.0M | 102.5M | 123.8M |
| Cash Dividends Paid | -53.2M | -53.0M | -52.7M | -53.2M | -86.5M |
| Change In Account Payable | 67.9M | 17.3M | -58.9M | -14.6M | 16.5M |
| Change In Income Tax Payable | -3.9M | 900,000 | -6.5M | 9.6M | -800,000 |
| Change In Prepaid Assets | -32.1M | 8.6M | 3.3M | 13.7M | -20.9M |
| Change In Tax Payable | -3.9M | 900,000 | -6.5M | 9.6M | -800,000 |
| Common Stock Issuance | 0.00 | 0.00 | 800,000 | 698,000 | 900,000 |
| Dividend Received Cfo | 900,000 | 1.0M | -1.3M | 4.2M | 3.6M |
| Gain Loss On Investment Securities | -8.6M | -300,000 | -300,000 | -7.7M | 4.9M |
| Long Term Debt Issuance | 306.3M | 56.0M | 232.2M | 1.1B | 629.3M |
| Long Term Debt Payments | -188.7M | -70.6M | -2.0B | -1.9B | -428.7M |
| Net Business Purchase And Sale | 0.00 | 0.00 | 2.0B | 0.00 | 0.00 |
| Net Income From Continuing Operations | 23.9M | 6.1M | 78.9M | -224.0M | -1.3B |
| Net Long Term Debt Issuance | 117.6M | -14.6M | -1.8B | -792.0M | 200.6M |
| Net Other Financing Charges | 600,000 | 8.1M | -35.8M | -12.2M | 12.2M |
| Net Other Investing Changes | -7.9M | -8.1M | 200,000 | -4.4M | -2.4M |
| Net Preferred Stock Issuance | -- | -- | -- | 0.00 | 0.00 |
| Operating Gains Losses | -12.8M | -700,000 | -2.6M | -11.6M | 6.0M |
| Pension And Employee Benefit Expense | -4.2M | -400,000 | -2.3M | -3.9M | 1.1M |
| Preferred Stock Dividend Paid | -2.7M | -2.6M | -2.6M | -2.7M | -2.7M |
| Preferred Stock Payments | -- | -- | -- | 0.00 | 0.00 |
| Proceeds From Stock Option Exercised | -200,000 | -- | -- | -- | -900,000 |
| Unrealized Gain Loss On Investment Securities | 0.00 | 0.00 | 0.00 | 2.0M | 50.5M |