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Argo Corporation

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
Total Revenue 113,836 373,405 512,172 557,329 449,480
Operating Revenue 113,836 254,524 512,172 1.5M 449,480
Cost Of Revenue 705,214 312,983 115,987 180,299 -219,702
Gross Profit -591,378 60,422 396,185 377,030 669,182
Selling General And Administration 2.8M 4.6M 3.1M 4.1M 1.5M
General And Administrative Expense 2.8M 4.6M 3.1M 3.9M 1.5M
Research And Development 284,184 396,461 224,492 307,401 479,049
Depreciation And Amortization In Income Statement 66,880 53,725 44,479 257,931 48,041
Other Operating Expenses 303,052 360,121 189,258 196,939 142,727
Operating Expense 3.5M 5.4M 3.5M 4.9M 2.2M
Operating Income -4.1M -5.3M -3.1M -4.6M -1.5M
EBIT 3.1M -10.6M -1.3M 4.2M -12.8M
Interest Expense 156,854 351,206 427,312 781,447 532,931
Interest Expense Non Operating 156,854 351,206 427,312 781,447 532,931
Interest Income 0.00 1,177 0.00 980.00 1,111
Interest Income Non Operating 0.00 1,177 0.00 980.00 1,111
Net Interest Income -156,854 -350,029 -427,312 -780,467 -531,820
Other Income Expense 7.2M -5.2M 1.8M 8.7M -11.3M
Other Non Operating Income Expenses -495,678 195,559 -- 9.8M -68,499
Special Income Charges 7.1M -2.4M -891,104 -164,891 -10.6M
Write Off 0.00 -- -- -- 10.4M
Gain On Sale Of Security 556,541 -2.8M 2.7M 210,740 177,117
Earnings From Equity Interest 0.00 0.00 0.00 -1.1M -788,466
Pretax Income 3.0M -10.9M -1.7M 3.4M -13.3M
Tax Provision 0.00 0.00 0.00 -- 0.00
Tax Effect Of Unusual Items 0.00 0.00 0.00 6,877 0.00
Net Income From Continuing And Discontinued Operation 3.0M -10.9M -1.7M -15.0M -14.0M
Net Income From Continuing Operation Net Minority Interest 3.0M -10.9M -1.7M 3.2M -13.3M
Net Income Including Noncontrolling Interests 3.0M -10.9M -1.7M -574,712 -855,725
Net Income Common Stockholders 3.0M -10.9M -1.7M -574,711 -855,725
Net Income 3.0M -10.9M -1.7M -574,711 -855,725
EBITDA 3.2M -10.5M -1.3M 4.4M -12.7M
Normalized EBITDA -4.5M -5.3M -3.1M 4.4M -2.3M
Reconciled Depreciation 66,880 53,725 44,479 261,686 -173,943
Basic EPS 0.02 -0.08 -0.01 -- -0.01
Diluted EPS 0.02 -0.08 -0.01 -- -0.01
Basic Average Shares 138.7M 138.7M 138.7M -- 133.4M
Diluted Average Shares 138.7M 138.7M 138.7M -- 133.4M
Total Unusual Items 7.7M -5.2M 1.8M 45,849 -10.4M
Total Unusual Items Excluding Goodwill 7.7M -5.2M 1.8M 45,849 -10.4M
Tax Rate For Calcs 0.00 0.00 0.00 0.15 0.00
Normalized Income -4.7M -5.7M -3.5M 3.1M -2.9M
Amortization 30,162 26,684 18,490 220,443 37,099
Amortization Of Intangibles Income Statement 30,162 26,684 18,490 220,443 37,099
Depreciation Amortization Depletion Income Statement 66,880 53,725 44,479 257,931 48,041
Depreciation Income Statement 36,718 27,041 25,989 37,488 10,942
Diluted NI Availto Com Stockholders 3.0M -10.9M -1.7M -574,711 -855,725
Gain On Sale Of Business -- -- 105,864 -- --
Gain On Sale Of Ppe -60,219 0.00 -- -- 12,958
Impairment Of Capital Assets 0.00 -- -- -- 211,181
Insurance And Claims 47,676 58,339 87,795 12,133 181,254
Net Income Continuous Operations 3.0M -10.9M -1.7M 3.2M -13.3M
Net Income Discontinuous Operations -10,625 28,014 497.00 -18.2M -673,661
Net Income From Tax Loss Carryforward 0.00 0.00 0.00 -- 13.1M
Net Non Operating Interest Income Expense -156,854 -350,029 -427,312 -780,467 -531,820
Other Gand A 1.1M 2.5M 1.3M 3.0M 1.0M
Other Special Charges -7.2M 2.4M 996,968 376,072 -21,492
Provision For Doubtful Accounts -- -- -- -- --
Reconciled Cost Of Revenue 705,214 312,983 115,987 176,544 2,282
Rent And Landing Fees 174,658 155,827 205,848 176,102 175,595
Rent Expense Supplemental 174,658 155,827 205,848 176,102 175,595
Salaries And Wages 1.5M 1.9M 1.4M 773,045 129,077
Selling And Marketing Expense 5,758 12.00 -- 128,068 0.00
Total Expenses 4.2M 5.7M 3.6M 5.1M 1.9M
Total Operating Income As Reported -4.1M -5.3M -3.1M -4.6M -1.5M
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 2.2M 7.3M 712,372 66,236 103,250
Cash Cash Equivalents And Short Term Investments 2.2M 7.3M 712,372 66,236 103,250
Accounts Receivable 328,540 321,766 204,098 211,541 203,144
Receivables 1.4M 1.3M 871,400 759,273 657,675
Prepaid Assets 148,582 168,310 160,687 28,980 56,124
Current Assets 3.7M 8.7M 1.7M 854,489 969,267
Gross PPE 4.5M 666,495 666,495 529,470 496,878
Accumulated Depreciation -185,254 -172,610 -145,569 -119,580 -106,165
Net PPE 4.3M 493,885 520,926 409,890 390,713
Goodwill And Other Intangible Assets 559,687 547,455 476,007 269,270 133,127
Other Intangible Assets 559,687 547,455 476,007 269,270 133,127
Investments And Advances 16.8M 16.1M 19.1M 19.2M 20.2M
Long Term Equity Investment -- -- -- -- 20.2M
Other Non Current Assets 45,168 45,168 45,168 45,168 45,168
Total Non Current Assets 22.4M 19.7M 20.1M 20.0M 20.9M
Total Assets 26.1M 28.4M 21.9M 20.8M 21.9M
Current Debt -- 3.3M 3.6M 3.7M 375,000
Current Debt And Capital Lease Obligation 84,000 3.6M 3.9M 4.0M 651,223
Accounts Payable 5.5M 6.9M 5.3M 4.6M 3.6M
Payables 9.3M 10.7M 9.2M 8.7M 3.8M
Payables And Accrued Expenses 11.6M 16.1M 13.3M 13.0M 7.3M
Current Accrued Expenses 2.4M 5.4M 4.1M 4.3M 3.5M
Current Deferred Revenue 11.0M 11.0M 161,938 128,715 326,962
Other Current Liabilities 268,498 263,532 276,624 276,857 8.5M
Current Liabilities 22.9M 31.0M 17.6M 17.4M 16.7M
Long Term Debt 163,023 160,000 160,000 160,000 2.9M
Long Term Debt And Capital Lease Obligation 346,630 2.1M 2.2M 2.3M 5.1M
Long Term Capital Lease Obligation 183,607 1.9M 2.0M 2.1M 2.2M
Other Non Current Liabilities -- -- -- -- -1.00
Total Non Current Liabilities Net Minority Interest 346,630 2.1M 2.2M 2.3M 5.1M
Total Liabilities Net Minority Interest 23.3M 33.1M 19.8M 19.6M 21.8M
Common Stock 82.9M 79.0M 79.0M 79.0M 78.4M
Capital Stock 82.9M 79.0M 79.0M 79.0M 78.4M
Additional Paid In Capital 22.6M 21.6M 17.4M 14.9M 12.9M
Retained Earnings -102.7M -105.5M -94.6M -92.9M -92.3M
Gains Losses Not Affecting Retained Earnings 131,101 123,346 143,905 144,247 -133,119
Other Equity Adjustments 131,101 123,346 143,905 144,247 -323,296
Common Stock Equity 2.9M -4.8M 2.0M 1.2M 102,602
Stockholders Equity 2.9M -4.8M 2.0M 1.2M 102,602
Total Equity Gross Minority Interest 2.9M -4.8M 2.0M 1.2M 102,602
Total Capitalization 3.0M -4.6M 2.2M 1.4M 3.0M
Net Tangible Assets 2.3M -5.3M 1.5M 927,698 -30,525
Tangible Book Value 2.3M -5.3M 1.5M 927,698 -30,525
Working Capital -19.2M -22.3M -15.9M -16.5M -15.8M
Invested Capital 3.0M -1.3M 5.8M 5.0M 3.4M
Total Debt 430,630 5.7M 6.1M 6.2M 5.7M
Net Debt -- -- 3.0M 3.8M 3.2M
Share Issued 197.6M 138.7M 138.7M 138.7M 133.4M
Ordinary Shares Number 197.6M 138.7M 138.7M 138.7M 133.4M
Assets Held For Sale Current -- -- -- -- 152,218
Buildings And Improvements -- -- -- 0.00 --
Capital Lease Obligations 267,607 2.2M 2.3M 2.4M 2.4M
Current Capital Lease Obligation 84,000 295,438 288,889 282,485 276,223
Current Deferred Liabilities 11.0M 11.0M 161,938 128,715 326,962
Dueto Related Parties Current 2.4M 2.4M 2.6M 2.8M 135,314
Financial Assets Designatedas Fair Value Through Profitor Loss Total 16.8M 16.1M 19.1M 19.2M 0.00
Foreign Currency Translation Adjustments -- -- -- -- 190,177
Income Tax Payable 186,430 183,880 190,603 190,722 123,844
Investmentin Financial Assets 16.8M 16.1M 19.1M 19.2M 0.00
Investmentsin Associatesat Cost -- -- -- -- 20.2M
Machinery Furniture Equipment 4.1M 529,470 529,470 529,470 496,878
Non Current Deferred Assets -- -- -- 0.00 127,760
Non Current Deferred Taxes Assets -- -- -- 0.00 127,760
Non Current Prepaid Assets 707,435 2.5M -- -- --
Other Current Borrowings -- 3.3M 3.6M 3.7M 375,000
Other Equity Interest -- -- -- -- 1.1M
Other Payable 300,000 300,000 300,000 300,000 --
Other Properties 402,955 137,025 137,025 -- --
Other Receivables 22,735 -- -- -- 52,912
Properties -- -- -- 0.00 --
Taxes Receivable 1.0M 953,320 667,302 547,732 401,619
Total Tax Payable 1.0M 1.0M 1.0M 1.0M 123,844
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 -4.0M 9.5M -1.6M 498,717 -1.6M
Cash Flow From Continuing Operating Activities -4.0M 9.5M -1.6M 498,719 -1.6M
Depreciation And Amortization 66,880 53,725 44,479 261,686 -173,943
Depreciation Amortization Depletion 66,880 53,725 44,479 261,686 -173,943
Stock Based Compensation 1.3M 1.4M 1.3M 637,035 0.00
Deferred Tax -- -- -- 127,760 --
Deferred Income Tax -- -- -- 127,760 --
Change In Working Capital -696,837 13.3M 133,502 10.1M -4.7M
Changes In Account Receivables -113,861 -403,687 -112,126 -- -121,059
Change In Receivables -113,861 -403,687 -112,126 -131,511 -121,059
Change In Inventory -- -- -- 0.00 0.00
Change In Payables And Accrued Expense 150,643 2.8M 344,607 8.8M -4.1M
Change In Payable 150,643 2.8M 344,607 -- -4.1M
Change In Other Working Capital -45,912 10.8M 33,224 261,460 -123,442
Change In Other Current Liabilities -- -- -497.00 -- --
Other Non Cash Items -5.1M 3.0M 1.4M 379,834 3.4M
Capital Expenditure -956,416 -2.6M -258,486 -74,057 -510,540
Purchase Of PPE -823,198 -2.6M 0.00 -44,315 -374,874
Net PPE Purchase And Sale -822,198 -2.6M 0.00 -65,963 -353,226
Sale Of Business 0.00 -1.00 2.5M -- 0.00
Investing Cash Flow -955,416 -2.6M 2.2M 654,295 -488,892
Cash Flow From Continuing Investing Activities -955,416 -2.6M 2.2M 654,295 -488,892
Issuance Of Debt 0.00 0.00 500,000 85,696 375,000
Repayment Of Debt -17,043 -250,000 -255,000 321,591 366,619
Net Issuance Payments Of Debt -17,043 -250,000 245,000 407,287 741,619
Financing Cash Flow -99,750 -340,793 -23,739 -1.5M 1.5M
Cash Flow From Continuing Financing Activities -99,750 -340,793 -23,739 -1.5M 1.5M
Effect Of Exchange Rate Changes 0.00 0.00 0.00 271,560 42,962
Changes In Cash -5.1M 6.5M 646,136 -308,573 -641,947
Beginning Cash Position 7.3M 712,372 66,236 103,249 702,235
End Cash Position 2.2M 7.3M 712,372 66,236 103,250
Free Cash Flow -5.0M 6.9M -1.8M 424,660 -2.1M
Asset Impairment Charge 195,559 -- -- -- 296,476
Cash Dividends Paid 0.00 0.00 0.00 -- 0.00
Change In Account Payable 148,093 2.8M 344,726 -- -4.1M
Change In Income Tax Payable 2,550 -6,723 -119.00 -- -1,679
Change In Prepaid Assets -687,707 -7,624 -131,706 7,499 -344,361
Change In Tax Payable 2,550 -6,723 -119.00 -- -1,679
Earnings Losses From Equity Investments 0.00 0.00 0.00 -- 788,466
Gain Loss On Investment Securities 0.00 1.9M -105,864 318,126 -148,048
Gain Loss On Sale Of Business -- -- 0.00 -- --
Gain Loss On Sale Of PPE -- -- -- 5,696 --
Interest Paid Cff -82,707 -90,793 -268,739 -- 0.00
Long Term Debt Issuance 0.00 0.00 0.00 -2.8M 375,000
Long Term Debt Payments -17,043 0.00 -125,000 321,591 366,619
Net Business Purchase And Sale 0.00 -1.00 2.5M -- 0.00
Net Foreign Currency Exchange Gain Loss 24,665 -111,104 70,891 -- 0.00
Net Income From Continuing Operations 3.0M -10.9M -1.7M -574,711 -855,725
Net Intangibles Purchase And Sale -133,218 33,450 -258,486 -29,742 -135,666
Net Long Term Debt Issuance -17,043 0.00 -125,000 -2.5M 741,619
Net Other Financing Charges -- -- -- -- 0.00
Net Other Investing Changes 0.00 -- -- -- --
Net Short Term Debt Issuance 0.00 -250,000 370,000 -- 0.00
Operating Gains Losses -2.1M 1.8M -34,973 -10.0M 659,908
Purchase Of Intangibles -133,218 33,450 -258,486 -29,742 -135,666
Sale Of PPE -- -- -- -21,648 21,648
Short Term Debt Issuance 0.00 0.00 500,000 -- 0.00
Short Term Debt Payments 0.00 -250,000 -130,000 -- 0.00
Unrealized Gain Loss On Investment Securities -683,000 1.1M -2.7M -271,041 -297,361
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