Alimentation Couche-Tard Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 17.9B | 17.3B | 16.3B | 20.9B | 17.4B |
| Operating Revenue | 17.9B | 17.3B | 16.3B | 20.9B | 17.4B |
| Cost Of Revenue | 14.5B | 14.0B | 13.3B | 17.1B | 14.3B |
| Gross Profit | 3.4B | 3.3B | 2.9B | 3.8B | 3.2B |
| Depreciation And Amortization In Income Statement | 534.1M | 527.8M | 540.8M | 656.2M | 467.5M |
| Other Operating Expenses | 1.8B | 1.7B | 1.8B | 2.1B | 1.6B |
| Operating Expense | 2.3B | 2.2B | 2.3B | 2.8B | 2.1B |
| Operating Income | 1.1B | 1.1B | 631.1M | 972.0M | 1.0B |
| EBIT | 1.1B | 1.2B | 662.4M | 1.0B | 1.1B |
| Interest Expense | 170.1M | 161.7M | 118.0M | 209.2M | 159.2M |
| Interest Expense Non Operating | 170.1M | 161.7M | 118.0M | 209.2M | 159.2M |
| Interest Income | 25.9M | 31.7M | 25.4M | 38.4M | 34.7M |
| Interest Income Non Operating | 25.9M | 31.7M | 25.4M | 38.4M | 34.7M |
| Net Interest Income | -144.3M | -133.5M | -89.1M | -172.7M | -125.3M |
| Other Income Expense | 21.0M | 80.6M | 2.4M | 17.3M | 21.5M |
| Special Income Charges | 1.5M | 60.0M | -6.3M | -3.7M | 5.1M |
| Gain On Sale Of Security | 8.9M | 15.2M | 5.4M | 13.1M | 7.5M |
| Earnings From Equity Interest | 10.6M | 5.4M | 3.3M | 7.9M | 8.9M |
| Pretax Income | 962.4M | 1.0B | 544.4M | 816.6M | 929.8M |
| Tax Provision | 219.1M | 238.0M | 102.1M | 171.6M | 217.8M |
| Tax Effect Of Unusual Items | 2.4M | 17.5M | -168,791 | 2.0M | 3.0M |
| Net Income From Continuing And Discontinued Operation | 740.6M | 782.5M | 439.4M | 641.4M | 708.8M |
| Net Income From Continuing Operation Net Minority Interest | 740.6M | 782.5M | 439.4M | 641.4M | 708.8M |
| Net Income Including Noncontrolling Interests | 743.3M | 786.1M | 442.3M | 645.0M | 712.0M |
| Minority Interests | -2.7M | -3.6M | -2.9M | -3.6M | -3.2M |
| Net Income Common Stockholders | 740.6M | 782.5M | 439.4M | 641.4M | 708.8M |
| Net Income | 740.6M | 782.5M | 439.4M | 641.4M | 708.8M |
| EBITDA | 1.7B | 1.7B | 1.2B | 1.7B | 1.6B |
| Normalized EBITDA | 1.7B | 1.6B | 1.2B | 1.7B | 1.5B |
| Reconciled Depreciation | 535.9M | 528.6M | 542.3M | 657.4M | 470.2M |
| Basic EPS | 0.79 | 0.83 | -- | 0.68 | 0.75 |
| Diluted EPS | 0.79 | 0.82 | -- | 0.68 | 0.75 |
| Basic Average Shares | 940.1M | 948.1M | -- | 948.0M | 948.2M |
| Diluted Average Shares | 940.6M | 948.6M | -- | 948.7M | 948.9M |
| Total Unusual Items | 10.4M | 75.2M | -900,000 | 9.4M | 12.6M |
| Total Unusual Items Excluding Goodwill | 10.4M | 75.2M | -900,000 | 9.4M | 12.6M |
| Tax Rate For Calcs | 0.23 | 0.23 | 0.19 | 0.21 | 0.23 |
| Normalized Income | 732.6M | 724.8M | 440.1M | 634.0M | 699.2M |
| Depreciation Amortization Depletion Income Statement | 534.1M | 527.8M | 540.8M | 656.2M | 467.5M |
| Diluted NI Availto Com Stockholders | 740.6M | 782.5M | 439.4M | 641.4M | 708.8M |
| Gain On Sale Of Ppe | 1.5M | 60.0M | -6.3M | -3.7M | 5.1M |
| Net Income Continuous Operations | 743.3M | 786.1M | 442.3M | 645.0M | 712.0M |
| Net Non Operating Interest Income Expense | -144.3M | -133.5M | -89.1M | -172.7M | -125.3M |
| Reconciled Cost Of Revenue | 14.5B | 14.0B | 13.3B | 17.1B | 14.3B |
| Total Expenses | 16.8B | 16.3B | 15.6B | 19.9B | 16.4B |
| Total Operating Income As Reported | 1.1B | 1.1B | 661.1M | 968.3M | 1.0B |
| Total Other Finance Cost | 100,000 | 3.5M | -3.5M | 1.9M | 800,000 |
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 2.1B | 2.2B | 2.3B | 1.7B | 2.2B |
| Cash Cash Equivalents And Short Term Investments | 2.2B | 2.2B | 2.3B | 1.8B | 2.2B |
| Other Short Term Investments | 41.5M | 40.6M | 50.7M | 85.9M | 64.0M |
| Accounts Receivable | 3.0B | 3.0B | 1.8B | 2.6B | 2.8B |
| Receivables | 3.0B | 3.0B | 2.8B | 2.7B | 2.9B |
| Inventory | 2.4B | 2.3B | 2.2B | 2.3B | 2.3B |
| Prepaid Assets | 219.8M | 195.7M | 172.2M | 167.5M | 178.2M |
| Current Assets | 7.8B | 7.8B | 7.5B | 6.9B | 7.6B |
| Gross PPE | 20.0B | 19.9B | 28.0B | 18.4B | 18.3B |
| Accumulated Depreciation | -- | -- | -8.8B | -- | -- |
| Net PPE | 20.0B | 19.9B | 19.2B | 18.4B | 18.3B |
| Goodwill | 10.8B | 10.8B | 9.6B | 9.2B | 9.2B |
| Goodwill And Other Intangible Assets | 12.0B | 12.0B | 10.7B | 10.3B | 10.4B |
| Other Intangible Assets | 1.2B | 1.2B | 1.2B | 1.1B | 1.2B |
| Investments And Advances | 266.2M | 287.6M | 309.8M | 302.1M | 298.2M |
| Long Term Equity Investment | 201.7M | 193.6M | 188.4M | 201.3M | 199.2M |
| Other Investments | -- | -- | 21.8M | -- | -- |
| Other Non Current Assets | 459.5M | 437.6M | 15.7M | 447.7M | 454.3M |
| Total Non Current Assets | 32.8B | 32.8B | 30.8B | 29.6B | 29.5B |
| Total Assets | 40.6B | 40.5B | 38.3B | 36.6B | 37.1B |
| Current Debt | 1.2B | 2.4B | 690.2M | 1.0B | 1.3B |
| Current Debt And Capital Lease Obligation | 1.8B | 3.0B | 1.2B | 1.5B | 1.8B |
| Accounts Payable | 5.9B | 5.9B | 4.2B | 5.1B | 5.6B |
| Payables | 5.9B | 6.0B | 5.5B | 5.1B | 5.6B |
| Payables And Accrued Expenses | 5.9B | 6.0B | 5.9B | 5.1B | 5.6B |
| Current Accrued Expenses | -- | -- | 409.0M | -- | -- |
| Other Current Liabilities | 311.6M | 315.6M | 352.8M | 357.4M | 59.7M |
| Current Liabilities | 8.2B | 9.5B | 7.6B | 7.1B | 7.6B |
| Long Term Debt | 9.5B | 8.0B | 8.8B | 8.6B | 8.8B |
| Long Term Debt And Capital Lease Obligation | 13.8B | 12.3B | 12.7B | 12.4B | 12.4B |
| Long Term Capital Lease Obligation | 4.3B | 4.3B | 4.0B | 3.8B | 3.6B |
| Other Non Current Liabilities | 204.7M | 91.6M | 11.9M | 211.2M | 493.4M |
| Total Non Current Liabilities Net Minority Interest | 16.9B | 15.3B | 15.6B | 15.1B | 15.4B |
| Total Liabilities Net Minority Interest | 25.1B | 24.8B | 23.2B | 22.2B | 23.0B |
| Common Stock | 634.4M | 642.5M | 642.5M | 642.5M | 639.6M |
| Capital Stock | 634.4M | 642.5M | 642.5M | 642.5M | 639.6M |
| Additional Paid In Capital | 30.2M | 28.8M | 28.3M | 27.1M | 26.4M |
| Retained Earnings | 15.5B | 15.8B | 15.1B | 14.8B | 14.3B |
| Gains Losses Not Affecting Retained Earnings | -775.1M | -779.1M | -858.3M | -1.3B | -1.0B |
| Other Equity Adjustments | -775.1M | -779.1M | -858.3M | -1.3B | -1.0B |
| Common Stock Equity | 15.4B | 15.6B | 14.9B | 14.2B | 14.0B |
| Stockholders Equity | 15.4B | 15.6B | 14.9B | 14.2B | 14.0B |
| Total Equity Gross Minority Interest | 15.5B | 15.8B | 15.1B | 14.3B | 14.1B |
| Minority Interest | 135.7M | 134.1M | 146.5M | 132.2M | 127.8M |
| Total Capitalization | 24.9B | 23.6B | 23.7B | 22.8B | 22.7B |
| Net Tangible Assets | 3.4B | 3.6B | 4.2B | 3.9B | 3.6B |
| Tangible Book Value | 3.4B | 3.6B | 4.2B | 3.9B | 3.6B |
| Working Capital | -434.4M | -1.7B | -89.5M | -141.7M | -84.6M |
| Invested Capital | 26.1B | 26.1B | 24.4B | 23.8B | 24.0B |
| Total Debt | 15.6B | 15.2B | 14.0B | 13.9B | 14.2B |
| Net Debt | 8.6B | 8.2B | 7.2B | 7.9B | 7.9B |
| Share Issued | 931.9M | 948.1M | 948.1M | 948.1M | 948.0M |
| Ordinary Shares Number | 931.9M | 948.1M | 948.1M | 948.1M | 948.0M |
| Available For Sale Securities | 64.5M | 94.0M | 99.6M | 100.8M | 99.0M |
| Buildings And Improvements | -- | -- | 6.8B | -- | -- |
| Capital Lease Obligations | 4.9B | 4.8B | 4.5B | 4.3B | 4.2B |
| Current Capital Lease Obligation | 552.8M | 550.0M | 523.9M | 495.3M | 502.1M |
| Current Provisions | 188.4M | 183.3M | 183.1M | 158.5M | 178.6M |
| Defined Pension Benefit | -- | -- | 81.6M | -- | -- |
| Derivative Product Liabilities | 100.0M | -- | 68.9M | -- | -- |
| Employee Benefits | 64.1M | 65.2M | 75.9M | 78.8M | 85.6M |
| Financial Assets | 24.9M | -- | -- | -- | -- |
| Finished Goods | -- | -- | 1.0B | -- | -- |
| Gross Accounts Receivable | -- | -- | 1.8B | -- | -- |
| Hedging Assets Current | 13.7M | -- | -- | -- | -- |
| Income Tax Payable | 84.0M | -- | -- | 11.0M | 46.5M |
| Investmentin Financial Assets | 64.5M | 94.0M | 99.6M | 100.8M | 99.0M |
| Investmentsin Joint Venturesat Cost | 201.7M | -- | 188.4M | -- | -- |
| Land And Improvements | -- | -- | 4.2B | -- | -- |
| Leases | -- | -- | 6.1B | -- | -- |
| Long Term Provisions | 888.9M | 884.7M | 862.0M | 837.5M | 828.4M |
| Machinery Furniture Equipment | -- | -- | 128.2M | -- | -- |
| Non Current Accounts Receivable | -- | -- | 67.6M | -- | -- |
| Non Current Deferred Assets | 104.1M | 119.0M | 293.3M | 100.2M | 87.9M |
| Non Current Deferred Liabilities | 1.8B | 2.0B | 1.8B | 1.6B | 1.6B |
| Non Current Deferred Revenue | -- | -- | 39.7M | -- | -- |
| Non Current Deferred Taxes Assets | 104.1M | 119.0M | 125.6M | 100.2M | 87.9M |
| Non Current Deferred Taxes Liabilities | 1.8B | 1.8B | 1.7B | 1.6B | 1.6B |
| Non Current Note Receivables | -- | -- | 13.7M | -- | -- |
| Non Current Pension And Other Postretirement Benefit Plans | 64.1M | 65.2M | 65.5M | 78.8M | 85.6M |
| Non Current Prepaid Assets | -- | -- | 71.0M | -- | -- |
| Other Current Borrowings | 1.2B | 2.4B | 690.2M | 1.0B | 1.3B |
| Other Inventories | -- | -- | 1.2B | -- | -- |
| Other Payable | -- | -- | 352.9M | -- | -- |
| Other Properties | 20.0B | 19.9B | 10.7B | 18.4B | 18.3B |
| Other Receivables | -- | -- | 950.6M | -- | -- |
| Properties | -- | -- | 0.00 | -- | -- |
| Receivables Adjustments Allowances | -- | -- | -38.7M | -- | -- |
| Restricted Cash | 10.5M | 12.8M | 5.7M | 8.5M | 9.0M |
| Taxes Receivable | 8.2M | 26.4M | 180.1M | 76.2M | 41.3M |
| Total Tax Payable | 84.0M | 45.2M | 948.3M | 11.0M | 46.5M |
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 1.2B | 1.3B | 1.8B | 938.0M | 1.3B |
| Cash Flow From Continuing Operating Activities | 1.2B | 1.3B | 1.8B | 938.0M | 1.3B |
| Depreciation And Amortization | 535.9M | 528.6M | 542.3M | 657.4M | 470.2M |
| Depreciation Amortization Depletion | 535.9M | 528.6M | 542.3M | 657.4M | 470.2M |
| Deferred Tax | 57.2M | 113.9M | 9.7M | 67.9M | 37.4M |
| Deferred Income Tax | 57.2M | 113.9M | 9.7M | 67.9M | 37.4M |
| Change In Working Capital | -140.7M | -129.5M | 699.5M | -408.2M | 95.9M |
| Other Non Cash Items | 32.0M | 15.2M | 49.7M | -16.7M | 24.5M |
| Capital Expenditure | -461.9M | -416.6M | -701.3M | -713.7M | -511.0M |
| Purchase Of PPE | -461.9M | -416.6M | -701.3M | -713.7M | -511.0M |
| Net PPE Purchase And Sale | -445.1M | -255.1M | -683.6M | -689.8M | -486.6M |
| Purchase Of Business | -38.9M | -1.6B | -3.9M | -148.2M | -3.0M |
| Sale Of Business | 0.00 | 0.00 | 0.00 | 28.6M | 0.00 |
| Purchase Of Investment | 0.00 | 0.00 | -300,000 | 0.00 | 0.00 |
| Sale Of Investment | 0.00 | 8.0M | 0.00 | 0.00 | 520.9M |
| Net Investment Purchase And Sale | 0.00 | 8.0M | -300,000 | 0.00 | 520.9M |
| Investing Cash Flow | -485.4M | -1.9B | -680.5M | -813.7M | 37.6M |
| Cash Flow From Continuing Investing Activities | -485.4M | -1.9B | -685.5M | -813.7M | 37.6M |
| Issuance Of Debt | 1.6B | -- | 0.00 | 200,000 | 0.00 |
| Repayment Of Debt | -141.4M | -629.2M | -527.6M | -182.2M | -633.4M |
| Net Issuance Payments Of Debt | 216.3M | 745.4M | -492.2M | -433.0M | -104.8M |
| Repurchase Of Capital Stock | -854.0M | -10.2M | 0.00 | 0.00 | -508.7M |
| Net Common Stock Issuance | -854.0M | -10.2M | 0.00 | 0.00 | -508.7M |
| Common Stock Dividend Paid | -- | -134.8M | -- | -- | -- |
| Common Stock Payments | -854.0M | -10.2M | 0.00 | 0.00 | -508.7M |
| Financing Cash Flow | -767.1M | 519.0M | -622.7M | -560.3M | -785.2M |
| Cash Flow From Continuing Financing Activities | -767.1M | 519.0M | -622.7M | -560.3M | -785.2M |
| Effect Of Exchange Rate Changes | -21.1M | 9.7M | 83.4M | -30.9M | -25.2M |
| Changes In Cash | -47.7M | -79.3M | 483.5M | -436.0M | 581.7M |
| Beginning Cash Position | 2.2B | 2.3B | 1.7B | 2.2B | 1.6B |
| End Cash Position | 2.1B | 2.2B | 2.3B | 1.7B | 2.2B |
| Free Cash Flow | 742.9M | 848.1M | 1.1B | 224.3M | 818.3M |
| Income Tax Paid Supplemental Data | 102.4M | 66.6M | 67.9M | 164.1M | 201.3M |
| Interest Paid Supplemental Data | 198.6M | 143.7M | 152.1M | 180.0M | 190.2M |
| Cash Dividends Paid | -131.8M | -134.8M | -130.3M | -129.5M | -123.1M |
| Depreciation | 535.9M | 528.6M | 542.3M | 657.4M | 470.2M |
| Earnings Losses From Equity Investments | -8.2M | -4.8M | 13.9M | -2.3M | -5.9M |
| Gain Loss On Investment Securities | -13.2M | 41.6M | -- | -9.4M | 300,000 |
| Gain Loss On Sale Of PPE | -1.5M | -60.0M | 6.3M | 3.7M | -5.1M |
| Long Term Debt Issuance | 1.6B | -- | 0.00 | 200,000 | 0.00 |
| Long Term Debt Payments | -141.4M | -629.2M | -527.6M | -182.2M | -633.4M |
| Net Business Purchase And Sale | -38.9M | -1.6B | -3.9M | -119.6M | -3.0M |
| Net Foreign Currency Exchange Gain Loss | -- | -- | -7.7M | 600,000 | -800,000 |
| Net Income From Continuing Operations | 743.3M | 786.1M | 442.3M | 645.0M | 712.0M |
| Net Long Term Debt Issuance | 1.4B | -629.2M | -527.6M | -182.0M | -633.4M |
| Net Other Financing Charges | -- | -81.4M | -200,000 | -- | -48.6M |
| Net Other Investing Changes | -1.4M | -7.6M | 7.3M | -4.3M | 6.3M |
| Net Short Term Debt Issuance | -1.2B | 1.4B | -- | -251.0M | 528.6M |
| Operating Gains Losses | -22.9M | -23.2M | 30.3M | -7.4M | -10.7M |
| Proceeds From Stock Option Exercised | 2.4M | 0.00 | 0.00 | 2.2M | 0.00 |
| Sale Of PPE | 16.8M | 161.5M | 17.7M | 23.9M | 24.4M |
| Unrealized Gain Loss On Investment Securities | -- | -26.4M | -- | -- | -- |