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Azimut Exploration Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
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 Q3 2024Aug 31, 2024 Q2 2024May 31, 2024
Total Revenue 122,566 154,457 96,668 47,243 64,835 -- --
Operating Revenue 122,566 154,457 96,668 47,243 64,835 -- --
Cost Of Revenue 22,240 20,369 27,153 26,328 27,018 -- --
Gross Profit 100,326 134,088 69,515 20,915 37,817 -- --
Selling General And Administration 311,192 464,453 152,823 836,627 329,089 -- --
General And Administrative Expense 310,754 464,040 152,557 836,264 329,089 -- --
Research And Development -- -- -- 21,635 3,103 9,883 6,438
Other Operating Expenses 19,926 -10,513 68,688 3,416 27,478 -- --
Operating Expense 331,118 488,193 221,511 793,330 356,567 -- --
Operating Income -230,792 -354,105 -151,996 -772,415 -318,750 -- --
EBIT 628,286 -2.0M -158,877 -756,585 -493,514 -- --
Interest Expense 19,774 13,410 1,541 2,730 14,346 -- --
Interest Expense Non Operating 19,774 13,410 1,541 2,730 14,346 -- --
Interest Income 75,033 100,611 51,628 69,268 99,737 -- --
Interest Income Non Operating 75,033 100,611 51,628 69,268 99,737 -- --
Net Interest Income 55,259 87,201 50,087 66,538 85,391 -- --
Other Income Expense 784,045 -1.7M -58,509 -53,438 -274,501 -- --
Special Income Charges -19,470 -2.0M 0.00 0.00 0.00 -- --
Gain On Sale Of Security 803,515 285,241 -58,509 -53,438 -274,501 -- --
Pretax Income 608,512 -2.0M -160,418 -759,315 -507,860 -- --
Tax Provision 0.00 -491,069 0.00 -15,064 -427,250 -- --
Tax Effect Of Unusual Items 0.00 -425,028 0.00 -1,060 -41,175 -- --
Net Income From Continuing And Discontinued Operation 608,512 -1.5M -160,418 -744,250 -80,610 -- --
Net Income From Continuing Operation Net Minority Interest 608,512 -1.5M -160,418 -744,250 -80,610 -- --
Net Income Including Noncontrolling Interests 608,512 -1.5M -160,418 -744,251 -80,610 -- --
Net Income Common Stockholders 608,512 -1.5M -160,418 -744,250 -80,610 -- --
Net Income 608,512 -1.5M -160,418 -744,250 -80,610 -- --
EBITDA 650,526 -2.0M -131,724 -730,257 -466,496 -- --
Normalized EBITDA -133,519 -233,125 -73,215 -676,819 -191,995 -- --
Reconciled Depreciation 22,240 20,369 27,153 26,328 27,018 -- --
Basic EPS 0.01 -- -0.00 -0.01 -0.00 -- 0.03
Diluted EPS 0.01 -- -0.00 -0.01 -0.00 -- 0.02
Basic Average Shares 100.6M -- 88.2M 85.7M 85.6M -- 85.4M
Diluted Average Shares 100.6M -- 88.2M 85.7M 85.6M -- 86.1M
Total Unusual Items 784,045 -1.7M -58,509 -53,438 -274,501 -- --
Total Unusual Items Excluding Goodwill 784,045 -1.7M -58,509 -53,438 -274,501 -- --
Tax Rate For Calcs 0.00 0.25 0.00 0.02 0.15 -- --
Normalized Income -175,533 -200,863 -101,909 -691,872 152,716 -- --
Diluted NI Availto Com Stockholders 608,512 -1.5M -160,418 -744,250 -80,610 -- --
Gain On Sale Of Ppe -19,470 0.00 0.00 0.00 0.00 -- --
Impairment Of Capital Assets -- 2.0M 0.00 0.00 -- 835,734 0.00
Insurance And Claims 21,246 21,360 18,607 18,248 18,367 -- --
Net Income Continuous Operations 608,512 -1.5M -160,418 -744,251 -80,610 -- --
Net Non Operating Interest Income Expense 55,259 87,201 50,087 66,538 85,391 -- --
Other Gand A 119,144 231,443 79,072 110,759 100,407 -- --
Other Taxes -- 34,253 0.00 -46,713 12,460 -13,334 --
Reconciled Cost Of Revenue 22,240 20,369 27,153 26,328 27,018 -- --
Rent And Landing Fees 1,525 -4,474 1,478 1,019 5,002 -- --
Rent Expense Supplemental 1,525 -4,474 1,478 1,019 5,002 -- --
Salaries And Wages 168,839 215,711 53,400 706,238 205,313 -- --
Selling And Marketing Expense 438.00 413.00 266.00 363.00 0.00 -- --
Total Expenses 353,358 508,562 248,664 819,658 383,585 -- --
Total Other Finance Cost -- -- -- -- -- -- 3,742
Line Item Q4 2025Nov 30, 2025 Q3 2025Aug 31, 2025 Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024 Q2 2024May 31, 2024
Cash And Cash Equivalents 7.4M 13.6M 14.9M 5.8M 9.4M -- --
Cash Cash Equivalents And Short Term Investments 7.4M 15.2M 14.9M 5.8M 9.4M -- --
Other Short Term Investments 0.00 1.6M -- -- -- 0.00 --
Accounts Receivable 100,903 25,904 462,204 444,570 343,465 -- --
Receivables 4.5M 4.1M 432,152 1.8M 1.8M -- --
Prepaid Assets 71,295 137,927 106,936 90,654 87,505 -- --
Current Assets 12.0M 19.4M 15.4M 7.8M 11.2M -- --
Gross PPE 63.6M 60.5M 48.7M 47.6M 46.0M -- --
Accumulated Depreciation -14.8M -14.7M -1.8M -1.7M -1.6M -- --
Net PPE 48.9M 45.7M 46.9M 45.9M 44.4M -- --
Goodwill And Other Intangible Assets 40,290 30,773 8,395 5,164 1,351 -- --
Investments And Advances 3.0M 725,155 439,911 567,708 637,717 -- --
Total Non Current Assets 52.6M 46.5M 49.3M 47.8M 45.4M -- --
Total Assets 64.6M 65.9M 64.7M 55.5M 56.6M -- --
Current Debt And Capital Lease Obligation 303,898 66,386 5,299 20,871 35,996 -- --
Payables And Accrued Expenses 2.7M 3.1M 1.8M 2.2M 2.7M -- --
Current Deferred Revenue 1.2M 3.0M 1.7M 430,009 829,051 -- --
Other Current Liabilities -- -- -- -- 15,064 442,314 1.4M
Current Liabilities 4.2M 6.2M 3.4M 2.7M 3.5M -- --
Long Term Debt And Capital Lease Obligation 243,227 253,941 -- -- -- -- --
Long Term Capital Lease Obligation 243,227 253,941 -- -- -- 0.00 0.00
Total Non Current Liabilities Net Minority Interest 3.2M 3.1M 3.4M 3.4M 3.4M -- --
Total Liabilities Net Minority Interest 7.4M 9.4M 6.8M 6.1M 6.9M -- --
Common Stock 74.0M 73.9M 73.8M 65.2M 65.2M -- --
Capital Stock 74.0M 73.9M 73.8M 65.2M 65.2M -- --
Additional Paid In Capital 5.2M 5.2M 5.2M 5.1M 5.0M -- --
Retained Earnings -26.9M -27.5M -26.0M -25.9M -25.1M -- --
Common Stock Equity 57.2M 56.5M 57.9M 49.5M 49.7M -- --
Stockholders Equity 57.2M 56.5M 57.9M 49.5M 49.7M -- --
Total Equity Gross Minority Interest 57.2M 56.5M 57.9M 49.5M 49.7M -- --
Total Capitalization 57.2M 56.5M 57.9M 49.5M 49.7M -- --
Net Tangible Assets 57.1M 56.5M 57.9M 49.5M 49.7M -- --
Tangible Book Value 57.1M 56.5M 57.9M 49.5M 49.7M -- --
Working Capital 7.8M 13.2M 12.0M 5.1M 7.7M -- --
Invested Capital 57.2M 56.5M 57.9M 49.5M 49.7M -- --
Total Debt 547,125 320,327 5,299 20,871 35,996 -- --
Share Issued 100.6M 100.6M 100.4M 85.7M 85.6M -- --
Ordinary Shares Number 100.6M 100.6M 100.4M 85.7M 85.6M -- --
Capital Lease Obligations 547,125 320,327 5,299 20,871 35,996 -- --
Current Capital Lease Obligation 303,898 66,386 5,299 20,871 35,996 -- --
Current Deferred Liabilities 1.2M 3.0M 1.7M 430,009 829,051 -- --
Financial Assets Designatedas Fair Value Through Profitor Loss Total -- 725,155 -- -- -- 931,242 --
Investmentin Financial Assets -- 725,155 -- -- -- 931,242 --
Long Term Provisions 2.1M 2.0M 2.0M 2.0M 2.0M -- --
Machinery Furniture Equipment 186,946 186,946 180,767 180,767 177,107 -- --
Non Current Accounts Receivable 645,335 -- 2.0M 1.4M 328,382 -- 399,744
Non Current Deferred Liabilities 860,249 860,249 1.4M 1.4M 1.4M -- --
Non Current Deferred Taxes Liabilities 860,249 860,249 1.4M 1.4M 1.4M -- --
Other Equity Interest 4.9M 4.9M 4.9M 5.0M 4.6M -- --
Other Properties 4.1M 3.2M 48.5M 47.4M 45.9M -- --
Taxes Receivable 4.4M 4.0M -30,052 1.4M 1.4M -- --
Line Item Q4 2025Nov 30, 2025 Q3 2025Aug 31, 2025 Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024 Q2 2024May 31, 2024
Operating Cash Flow -2.2M 1.7M 357,533 -649,902 647,354 -- --
Cash Flow From Continuing Operating Activities -2.2M 1.7M 357,533 -649,902 647,354 -- --
Depreciation And Amortization 22,240 20,369 27,153 26,328 27,018 -- --
Depreciation Amortization Depletion 22,240 20,369 27,153 26,328 27,018 -- --
Stock Based Compensation 6,254 3,250 8,675 394,552 9,750 -- --
Deferred Tax 0.00 -491,069 0.00 -15,064 -427,250 -- --
Deferred Income Tax 0.00 -491,069 0.00 -15,064 -427,250 -- --
Change In Working Capital -2.1M 1.9M 409,809 -378,455 827,867 -- --
Change In Receivables -845,358 -726,460 485,438 171,099 32,970 -- --
Change In Payables And Accrued Expense -1.8M 323,512 -59,347 -404,465 639,202 -- --
Change In Other Working Capital 553,931 -- -- -- 141,940 -- --
Other Non Cash Items 13,099 14,478 13,805 13,549 16,078 -- --
Capital Expenditure -3.6M -- -2.4M -4.4M -3.1M -5.4M --
Purchase Of PPE -3.6M 105,657 -2.4M -4.4M -3.1M -- --
Net PPE Purchase And Sale -3.6M 105,657 -2.4M -4.3M -3.0M -- --
Sale Of Investment -- -1.00 -- -- -- 0.00 --
Net Investment Purchase And Sale -- -1.00 -- -- -- 0.00 --
Investing Cash Flow -3.6M -2.9M 108,088 -2.9M -3.0M -- --
Cash Flow From Continuing Investing Activities -3.6M -2.9M 108,088 -2.9M -3.0M -- --
Repayment Of Debt -475,833 -18,541 -15,572 -15,125 -14,677 -- --
Net Issuance Payments Of Debt -475,833 -18,541 -15,572 -15,125 -14,677 -- --
Issuance Of Capital Stock -- 0.00 8.7M 0.00 0.00 0.00 --
Net Common Stock Issuance -- 0.00 8.7M 0.00 0.00 0.00 --
Financing Cash Flow -451,333 -56,464 8.6M 10,875 -14,677 -- --
Cash Flow From Continuing Financing Activities -451,333 -56,464 8.6M 10,875 -14,677 -- --
Changes In Cash -6.3M -1.2M 9.0M -3.5M -2.4M -- --
Beginning Cash Position 13.6M 14.9M 5.8M 9.4M 11.8M -- --
End Cash Position 7.4M 13.6M 14.9M 5.8M 9.4M -- --
Free Cash Flow -5.8M 1.8M -2.0M -5.0M -2.5M -- --
Interest Paid Supplemental Data 19,267 7,443 475.00 922.00 1,371 -- --
Amortization Cash Flow 0.00 -2,389 2,590 1,150 579.00 -- --
Amortization Of Intangibles 0.00 -2,389 2,590 1,150 579.00 -- --
Asset Impairment Charge -- 2.0M 0.00 -- -- 835,734 0.00
Change In Prepaid Assets 66,632 -30,991 -16,282 -3,149 13,755 -- --
Common Stock Issuance -- 0.00 8.7M 0.00 0.00 0.00 --
Depreciation 22,240 22,758 24,563 25,178 26,439 -- --
Gain Loss On Investment Securities -43,658 2.00 -2.00 -101,571 -19,024 -- --
Gain Loss On Sale Of PPE 19,470 0.00 -- -- 0.00 0.00 -1.7M
Long Term Debt Payments -475,833 -18,541 -15,572 -15,125 -14,677 -- --
Net Income From Continuing Operations 608,512 -1.5M -160,418 -744,250 -80,610 -- --
Net Intangibles Purchase And Sale -9,517 -19,989 -5,821 -4,963 0.00 -- --
Net Long Term Debt Issuance -475,833 -18,541 -15,572 -15,125 -14,677 -- --
Net Other Financing Charges -- -37,923 -- -- -- 0.00 1.00
Net Other Investing Changes -- -3.0M 2.4M 0.00 1.5M -2.2M --
Operating Gains Losses -24,188 2.00 -2.00 -101,571 -19,024 -- --
Proceeds From Stock Option Exercised 24,500 0.00 22,000 26,000 0.00 -- --
Purchase Of Intangibles -9,517 -19,989 -5,821 -4,963 0.00 -- --
Sale Of PPE 0.00 0.00 0.00 25,000 75,000 -- --
Unrealized Gain Loss On Investment Securities -759,858 -285,243 58,511 155,009 293,525 -- --
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