Avalon Advanced Materials Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Nov 30, 2025 | Q3 2025Aug 31, 2025 | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 57,017 | 14,543 | 8,606 | 19,656 | 7,135 |
| Operating Revenue | 57,017 | 14,543 | 8,606 | 19,656 | 7,135 |
| Cost Of Revenue | 64,922 | 66,502 | 66,502 | 66,502 | 66,501 |
| Gross Profit | -7,905 | -51,959 | -57,896 | -46,846 | -59,366 |
| Selling General And Administration | 902,953 | 327,890 | 483,539 | 718,603 | 932,205 |
| General And Administrative Expense | 830,378 | 269,486 | 463,833 | 668,892 | 865,659 |
| Other Operating Expenses | 164,412 | 221,321 | 234,772 | 92,295 | 272,618 |
| Operating Expense | 1.1M | 549,211 | 718,311 | 810,898 | 1.2M |
| Operating Income | -1.1M | -601,170 | -776,207 | -857,744 | -1.3M |
| EBIT | -1.9M | -242,728 | -577,369 | -1.7M | -1.6M |
| Interest Expense | 130,649 | 782,583 | 132,299 | 129,995 | 82,004 |
| Interest Expense Non Operating | 130,649 | 782,583 | 132,299 | 129,995 | 82,004 |
| Net Interest Income | -856,722 | -362,244 | -272,412 | -270,108 | -222,117 |
| Other Income Expense | -56,214 | -61,897 | 338,951 | -655,167 | -192,422 |
| Special Income Charges | 0.00 | -350,000 | 0.00 | -14,171 | -169,556 |
| Gain On Sale Of Security | -28,355 | -334.00 | 3.00 | -2.00 | 634.00 |
| Earnings From Equity Interest | -27,859 | 288,437 | 338,948 | -640,994 | -23,500 |
| Pretax Income | -2.0M | -1.0M | -709,668 | -1.8M | -1.7M |
| Tax Provision | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -2.0M | -1.0M | -709,668 | -1.8M | -1.7M |
| Net Income From Continuing Operation Net Minority Interest | -2.0M | -1.0M | -709,668 | -1.8M | -1.7M |
| Net Income Including Noncontrolling Interests | -2.0M | -1.0M | -709,668 | -1.8M | -1.7M |
| Net Income Common Stockholders | -2.0M | -1.0M | -709,668 | -1.8M | -1.7M |
| Net Income | -2.0M | -1.0M | -709,668 | -1.8M | -1.7M |
| EBITDA | -1.9M | -242,728 | -577,369 | -1.7M | -1.6M |
| Normalized EBITDA | -1.8M | 107,606 | -577,372 | -1.6M | -1.4M |
| Basic EPS | -0.00 | -- | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -- | -0.00 | -0.00 | -0.00 |
| Basic Average Shares | 726.5M | -- | 619.6M | 601.3M | 580.4M |
| Diluted Average Shares | 726.5M | -- | 619.6M | 601.3M | 580.4M |
| Total Unusual Items | -28,355 | -350,334 | 3.00 | -14,173 | -168,922 |
| Total Unusual Items Excluding Goodwill | -28,355 | -350,334 | 3.00 | -14,173 | -168,922 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -2.0M | -674,977 | -709,671 | -1.8M | -1.5M |
| Diluted NI Availto Com Stockholders | -2.0M | -1.0M | -709,668 | -1.8M | -1.7M |
| Gain On Sale Of Ppe | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Continuous Operations | -2.0M | -1.0M | -709,668 | -1.8M | -1.7M |
| Net Non Operating Interest Income Expense | -856,722 | -362,244 | -272,412 | -270,108 | -222,117 |
| Other Gand A | 320,466 | 10,338 | 218,230 | 276,901 | 104,473 |
| Other Special Charges | -- | 350,000 | -- | 14,171 | 169,556 |
| Reconciled Cost Of Revenue | 64,922 | 66,502 | 66,502 | 66,502 | 66,501 |
| Salaries And Wages | 509,912 | 259,148 | 245,603 | 391,991 | 761,186 |
| Selling And Marketing Expense | 72,575 | 58,404 | 19,706 | 49,711 | 66,546 |
| Total Expenses | 1.1M | 615,713 | 784,813 | 877,400 | 1.3M |
| Total Other Finance Cost | 726,073 | -- | 140,113 | 140,113 | 140,113 |
| Line Item | Q4 2025Nov 30, 2025 | Q3 2025Aug 31, 2025 | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 15.6M | 1.5M | 909,545 | 1.6M | 3.1M |
| Cash Cash Equivalents And Short Term Investments | 15.6M | 1.5M | 909,545 | 1.6M | 3.1M |
| Cash Equivalents | 40,055 | 95,161 | -- | -- | -- |
| Cash Financial | 15.5M | 1.4M | -- | -- | -- |
| Receivables | 235,926 | 76,343 | 74,663 | 87,013 | 77,040 |
| Prepaid Assets | 199,121 | 223,587 | 76,016 | 136,224 | 126,947 |
| Current Assets | 16.0M | 1.8M | 1.1M | 1.8M | 3.3M |
| Gross PPE | 113.5M | 113.2M | 113.1M | 112.9M | 112.8M |
| Accumulated Depreciation | -1.2M | -1.1M | -1.1M | -1.0M | -939,850 |
| Net PPE | 112.3M | 112.1M | 112.0M | 111.9M | 111.9M |
| Investments And Advances | 22.6M | 22.7M | 22.4M | 22.0M | 22.7M |
| Long Term Equity Investment | 22.6M | 22.7M | 22.4M | 22.0M | 22.7M |
| Total Non Current Assets | 135.0M | 135.5M | 134.9M | 134.6M | 135.3M |
| Total Assets | 151.0M | 137.2M | 135.9M | 136.4M | 138.6M |
| Current Debt | 7.3M | 2.7M | 1.5M | 2.0M | 2.5M |
| Current Debt And Capital Lease Obligation | 7.5M | 2.9M | 1.7M | 2.1M | 2.6M |
| Accounts Payable | 675,828 | 460,662 | 230,041 | 468,690 | 526,215 |
| Payables | 675,828 | 460,662 | 230,041 | 468,690 | 526,215 |
| Payables And Accrued Expenses | 1.6M | 1.4M | 832,411 | 785,116 | 1.4M |
| Current Accrued Expenses | 965,658 | 916,743 | 602,370 | 316,426 | 887,929 |
| Other Current Liabilities | 28,691 | 336.00 | 2.00 | 5.00 | 3.00 |
| Current Liabilities | 9.8M | 4.3M | 2.5M | 2.9M | 4.0M |
| Long Term Debt | -- | 7.2M | 7.1M | 6.9M | 6.8M |
| Long Term Debt And Capital Lease Obligation | 457,654 | 7.7M | 7.6M | 7.5M | 7.5M |
| Long Term Capital Lease Obligation | 457,654 | 509,637 | 560,721 | 610,921 | 659,891 |
| Total Non Current Liabilities Net Minority Interest | 661,254 | 7.9M | 7.8M | 7.8M | 7.7M |
| Total Liabilities Net Minority Interest | 10.4M | 12.2M | 10.3M | 10.7M | 11.7M |
| Common Stock | 217.2M | 203.9M | 203.5M | 203.0M | 202.3M |
| Capital Stock | 217.2M | 203.9M | 203.5M | 203.0M | 202.3M |
| Retained Earnings | -105.6M | -103.6M | -102.6M | -101.9M | -100.1M |
| Common Stock Equity | 140.5M | 125.0M | 125.6M | 125.7M | 126.9M |
| Stockholders Equity | 140.5M | 125.0M | 125.6M | 125.7M | 126.9M |
| Total Equity Gross Minority Interest | 140.5M | 125.0M | 125.6M | 125.7M | 126.9M |
| Total Capitalization | 140.5M | 132.2M | 132.6M | 132.7M | 133.7M |
| Net Tangible Assets | 140.5M | 125.0M | 125.6M | 125.7M | 126.9M |
| Tangible Book Value | 140.5M | 125.0M | 125.6M | 125.7M | 126.9M |
| Working Capital | 6.2M | -2.5M | -1.5M | -1.1M | -699,415 |
| Invested Capital | 147.8M | 134.9M | 134.1M | 134.6M | 136.2M |
| Total Debt | 8.0M | 10.6M | 9.3M | 9.7M | 10.1M |
| Net Debt | -- | 8.4M | 7.6M | 7.3M | 6.2M |
| Share Issued | 834.6M | 644.5M | 630.3M | 608.5M | 590.0M |
| Ordinary Shares Number | 834.6M | 644.5M | 630.3M | 608.5M | 590.0M |
| Assets Held For Sale Current | -- | -- | -- | -- | -- |
| Capital Lease Obligations | 659,890 | 707,296 | 753,881 | 777,473 | 800,427 |
| Current Capital Lease Obligation | 202,236 | 197,659 | 193,160 | 166,552 | 140,536 |
| Current Deferred Liabilities | 615,385 | -- | -- | -- | -- |
| Derivative Product Liabilities | -- | -- | -- | -- | -- |
| Investmentsin Associatesat Cost | 22.6M | 22.7M | 22.4M | 22.0M | 22.7M |
| Land And Improvements | 7.8M | 7.8M | 7.8M | 7.8M | 7.8M |
| Leases | 182,887 | 178,868 | 178,868 | 178,868 | 178,868 |
| Long Term Provisions | 203,600 | 203,600 | 203,600 | 203,600 | 203,600 |
| Machinery Furniture Equipment | 2.9M | 2.9M | 2.9M | 2.9M | 2.9M |
| Non Current Deferred Assets | 0.00 | 726,073 | 467,040 | 607,153 | 747,266 |
| Other Current Borrowings | 7.3M | 2.7M | 1.5M | 2.0M | 2.5M |
| Other Equity Interest | 29.0M | 24.8M | 24.7M | 24.6M | 24.8M |
| Other Receivables | 235,926 | 76,343 | 74,663 | 87,013 | 77,040 |
| Line Item | Q4 2025Nov 30, 2025 | Q3 2025Aug 31, 2025 | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 |
|---|---|---|---|---|---|
| Capital Expenditure | -346,523 | -189,218 | -139,370 | -73,653 | -38,061 |
| Purchase Of PPE | -346,523 | -189,218 | -139,370 | -73,653 | -38,061 |
| Net PPE Purchase And Sale | -346,523 | -189,218 | -139,370 | -73,653 | -38,061 |
| Investing Cash Flow | -346,523 | -189,218 | -139,370 | -73,653 | -38,061 |
| Cash Flow From Continuing Investing Activities | -346,523 | -189,218 | -139,370 | -73,653 | -38,061 |
| Issuance Of Debt | 0.00 | 1.2M | 0.00 | 0.00 | 3.5M |
| Repayment Of Debt | -1.6M | -59,507 | -37,126 | -36,765 | -58,424 |
| Net Issuance Payments Of Debt | -1.6M | 1.2M | -37,126 | -36,765 | 3.4M |
| Issuance Of Capital Stock | 16.8M | 1.00 | 0.00 | 0.00 | 310,824 |
| Net Common Stock Issuance | 16.8M | 1.00 | 0.00 | 0.00 | 310,824 |
| Financing Cash Flow | 15.2M | 1.2M | -37,126 | -124,690 | 3.8M |
| Cash Flow From Continuing Financing Activities | 15.2M | 1.2M | -37,126 | -124,690 | 3.8M |
| Changes In Cash | 14.1M | 544,327 | -704,274 | -1.5M | 2.4M |
| Beginning Cash Position | 1.5M | 909,545 | 1.6M | 3.1M | 712,306 |
| End Cash Position | 15.6M | 1.5M | 909,545 | 1.6M | 3.1M |
| Free Cash Flow | -1.0M | -615,805 | -667,148 | -1.4M | -1.3M |
| Cash Flowsfromusedin Operating Activities Direct | -698,716 | -426,587 | -527,778 | -1.3M | -1.3M |
| Classesof Cash Payments | -755,733 | -441,130 | -536,384 | -1.3M | -1.3M |
| Classesof Cash Receiptsfrom Operating Activities | -- | -- | -- | -- | -- |
| Common Stock Issuance | 16.8M | 1.00 | 0.00 | 0.00 | 310,824 |
| Interest Received Direct | 57,017 | 14,543 | 8,606 | 19,656 | 7,135 |
| Long Term Debt Issuance | 0.00 | 1.2M | 0.00 | 0.00 | 3.5M |
| Long Term Debt Payments | -1.6M | -59,507 | -37,126 | -36,765 | -58,424 |
| Net Long Term Debt Issuance | -1.6M | 1.2M | -37,126 | -36,765 | 3.4M |
| Net Other Financing Charges | -- | -- | -- | -87,925 | -- |
| Net Other Investing Changes | -- | -- | -- | -- | -- |
| Net Short Term Debt Issuance | -- | -- | -- | -- | -- |
| Other Cash Receiptsfrom Operating Activities | -- | -- | -- | -- | -- |
| Paymentson Behalfof Employees | -415,873 | -293,204 | -301,337 | -869,301 | -655,655 |
| Paymentsto Suppliersfor Goodsand Services | -339,860 | -147,926 | -235,047 | -464,474 | -651,844 |
| Sale Of PPE | -- | 0.00 | 0.00 | -- | -- |
| Short Term Debt Issuance | -- | -- | -- | -- | -- |