Bridgemarq Real Estate Services Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 350.7M | 48.5M | 49.9M | 50.2M |
| Operating Revenue | 333.4M | 44.8M | 45.6M | 44.8M |
| Cost Of Revenue | 284.8M | 20.2M | 21.1M | 1.0M |
| Gross Profit | 65.9M | 28.3M | 28.8M | 49.2M |
| Selling General And Administration | 8.6M | 2.9M | 1.1M | 20.8M |
| General And Administrative Expense | 6.3M | 2.9M | 1.1M | 20.8M |
| Depreciation And Amortization In Income Statement | 12.0M | 6.9M | 7.2M | 7.6M |
| Other Operating Expenses | 28.6M | -- | -- | -- |
| Operating Expense | 49.2M | 9.8M | 8.3M | 28.4M |
| Operating Income | 16.7M | 18.5M | 20.5M | 20.7M |
| EBIT | 6.0M | 15.7M | 34.1M | 17.6M |
| Interest Expense | 15.2M | 8.8M | 8.8M | 8.8M |
| Interest Expense Non Operating | 15.2M | 8.8M | 8.8M | 8.8M |
| Net Interest Income | -15.2M | -8.8M | -8.8M | -8.8M |
| Other Income Expense | -10.6M | -2.8M | 13.6M | -3.1M |
| Other Non Operating Income Expenses | -- | -- | -- | -5.8M |
| Special Income Charges | -1.4M | -323,000 | -154,000 | 0.00 |
| Restructuring And Mergern Acquisition | -1.3M | 0.00 | -- | -- |
| Gain On Sale Of Security | -9.3M | -2.5M | 13.8M | -3.1M |
| Pretax Income | -9.2M | 6.9M | 25.3M | 8.8M |
| Tax Provision | 1.1M | 2.9M | 4.4M | 4.1M |
| Tax Effect Of Unusual Items | -1.6M | -1.1M | 2.3M | -831,570 |
| Net Income From Continuing And Discontinued Operation | -10.3M | 4.0M | 21.0M | 4.8M |
| Net Income From Continuing Operation Net Minority Interest | -10.3M | 4.0M | 21.0M | 4.8M |
| Net Income Including Noncontrolling Interests | -10.3M | 4.0M | 21.0M | 4.8M |
| Net Income Common Stockholders | -10.3M | 4.0M | 21.0M | 4.8M |
| Net Income | -10.3M | 4.0M | 21.0M | 4.8M |
| EBITDA | 18.5M | 23.1M | 41.7M | 25.2M |
| Normalized EBITDA | 29.2M | 25.9M | 28.1M | 28.4M |
| Reconciled Depreciation | 12.5M | 7.4M | 7.6M | 7.6M |
| Basic EPS | -1.09 | 0.42 | 2.21 | 0.50 |
| Diluted EPS | -1.09 | 0.42 | 1.19 | 0.50 |
| Basic Average Shares | 9.5M | 9.5M | 9.5M | 9.5M |
| Diluted Average Shares | 9.5M | 9.5M | 12.8M | 12.8M |
| Total Unusual Items | -10.6M | -2.8M | 13.6M | -3.1M |
| Total Unusual Items Excluding Goodwill | -10.6M | -2.8M | 13.6M | -3.1M |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.17 | 0.27 |
| Normalized Income | -1.3M | 5.7M | 9.7M | 7.1M |
| Amortization | -- | 6.9M | 7.2M | 7.6M |
| Amortization Of Intangibles Income Statement | -- | 6.9M | 7.2M | 7.6M |
| Average Dilution Earnings | 18.9M | 6.9M | -5.7M | -- |
| Depreciation Amortization Depletion Income Statement | 12.0M | 6.9M | 7.2M | 7.6M |
| Diluted NI Availto Com Stockholders | 8.6M | 10.9M | 15.2M | 4.8M |
| Gain On Sale Of Ppe | -12,000 | 0.00 | -- | -- |
| Impairment Of Capital Assets | 2.6M | 201,000 | 154,000 | 0.00 |
| Net Income Continuous Operations | -10.3M | 4.0M | 21.0M | 4.8M |
| Net Non Operating Interest Income Expense | -15.2M | -8.8M | -8.8M | -8.8M |
| Other Gand A | 6.3M | 2.9M | 1.1M | 20.8M |
| Other Special Charges | 45,000 | 122,000 | -- | -- |
| Reconciled Cost Of Revenue | 284.3M | 19.7M | 20.6M | 1.0M |
| Selling And Marketing Expense | 2.3M | 0.00 | -- | -- |
| Total Expenses | 334.0M | 30.0M | 29.4M | 29.5M |
| Total Operating Income As Reported | 8.5M | 15.3M | 17.4M | 17.8M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 9.1M | 5.7M | 6.4M | 6.2M |
| Cash Cash Equivalents And Short Term Investments | 9.1M | 5.7M | 6.4M | 6.2M |
| Cash Financial | 9.1M | 5.7M | 6.4M | 6.2M |
| Accounts Receivable | 5.7M | 3.5M | 3.5M | 3.4M |
| Receivables | 6.0M | 3.9M | 3.7M | 3.8M |
| Prepaid Assets | -- | 805,000 | 406,000 | 139,000 |
| Other Current Assets | 3.3M | 805,000 | 5.5M | -- |
| Current Assets | 53.9M | 10.4M | 11.9M | 10.1M |
| Gross PPE | 25.3M | 0.00 | -- | -- |
| Accumulated Depreciation | -3.5M | 0.00 | -- | -- |
| Net PPE | 21.8M | 0.00 | -- | -- |
| Goodwill | 23.6M | 0.00 | -- | -- |
| Goodwill And Other Intangible Assets | 71.8M | 48.2M | 54.9M | 62.2M |
| Other Intangible Assets | 48.1M | 48.2M | 54.9M | 62.2M |
| Total Non Current Assets | 103.6M | 54.5M | 60.7M | 68.5M |
| Total Assets | 157.4M | 64.9M | 72.6M | 78.6M |
| Current Debt | -- | -- | 67.0M | -- |
| Current Debt And Capital Lease Obligation | 3.0M | -- | 67.0M | -- |
| Accounts Payable | 16.8M | 1.4M | 1.1M | 1.1M |
| Payables | 17.9M | 2.5M | 2.2M | 2.2M |
| Payables And Accrued Expenses | 18.8M | 3.0M | 2.7M | 2.7M |
| Current Accrued Expenses | 909,000 | 484,000 | 484,000 | 484,000 |
| Current Deferred Revenue | 35.5M | 356,000 | 602,000 | 573,000 |
| Other Current Liabilities | 93.9M | -- | -- | -- |
| Current Liabilities | 151.2M | 3.3M | 70.2M | 3.2M |
| Long Term Debt | 66.9M | 67.0M | -- | 68.4M |
| Long Term Debt And Capital Lease Obligation | 84.2M | 67.0M | -- | 68.4M |
| Long Term Capital Lease Obligation | 17.3M | 0.00 | -- | -- |
| Other Non Current Liabilities | -- | 43.8M | 42.7M | 54.3M |
| Total Non Current Liabilities Net Minority Interest | 86.5M | 118.7M | 50.7M | 131.8M |
| Total Liabilities Net Minority Interest | 237.7M | 122.0M | 120.9M | 135.1M |
| Common Stock | 140.1M | 140.1M | 140.1M | 140.1M |
| Capital Stock | 140.1M | 140.1M | 140.1M | 140.1M |
| Retained Earnings | -220.3M | -197.2M | -188.4M | -196.6M |
| Common Stock Equity | -80.2M | -57.1M | -48.3M | -56.5M |
| Stockholders Equity | -80.2M | -57.1M | -48.3M | -56.5M |
| Total Equity Gross Minority Interest | -80.2M | -57.1M | -48.3M | -56.5M |
| Total Capitalization | -13.3M | 9.9M | -48.3M | 11.9M |
| Net Tangible Assets | -152.0M | -105.3M | -103.3M | -118.7M |
| Tangible Book Value | -152.0M | -105.3M | -103.3M | -118.7M |
| Working Capital | -97.3M | 7.1M | -58.4M | 6.9M |
| Invested Capital | -13.3M | 9.9M | 18.6M | 11.9M |
| Total Debt | 87.2M | 67.0M | 67.0M | 68.4M |
| Net Debt | 57.8M | 61.3M | 60.5M | 62.2M |
| Share Issued | 9.5M | 9.5M | 9.5M | 9.5M |
| Ordinary Shares Number | 9.5M | 9.5M | 9.5M | 9.5M |
| Allowance For Doubtful Accounts Receivable | -407,000 | -115,000 | -73,000 | -140,000 |
| Capital Lease Obligations | 20.3M | 0.00 | -- | -- |
| Current Capital Lease Obligation | 3.0M | 0.00 | -- | -- |
| Current Deferred Liabilities | 35.5M | 356,000 | 602,000 | 573,000 |
| Derivative Product Liabilities | -- | -- | 0.00 | 817,000 |
| Dividends Payable | 1.1M | 1.1M | 1.1M | 1.1M |
| Gross Accounts Receivable | 6.1M | 3.6M | 3.6M | 3.6M |
| Hedging Assets Current | -- | 0.00 | 1.4M | 0.00 |
| Income Tax Payable | -- | -- | 0.00 | -- |
| Interest Payable | 909,000 | 484,000 | 484,000 | 484,000 |
| Leases | 24.3M | 0.00 | -- | -- |
| Line Of Credit | -- | -- | 67.0M | 0.00 |
| Machinery Furniture Equipment | 701,000 | 0.00 | -- | -- |
| Non Current Deferred Assets | 9.8M | 6.2M | 5.7M | 6.2M |
| Non Current Deferred Liabilities | 2.3M | 7.9M | 8.0M | 8.3M |
| Non Current Deferred Revenue | 0.00 | 1.6M | 2.0M | 2.6M |
| Non Current Deferred Taxes Assets | 9.8M | 6.2M | 5.7M | 6.2M |
| Non Current Deferred Taxes Liabilities | 2.3M | 0.00 | -- | -- |
| Non Current Note Receivables | 210,000 | 61,000 | 55,000 | 74,000 |
| Notes Receivable | 145,000 | 287,000 | 21,000 | 33,000 |
| Other Current Borrowings | -- | -- | 67.0M | -- |
| Other Properties | 317,000 | -- | -- | -- |
| Properties | 0.00 | 0.00 | -- | -- |
| Restricted Cash | 35.5M | 0.00 | -- | -- |
| Taxes Receivable | 155,000 | 85,000 | 154,000 | 320,000 |
| Total Tax Payable | -- | -- | 0.00 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 17.1M | 13.7M | 15.6M | 15.1M |
| Cash Flow From Continuing Operating Activities | 17.1M | 13.7M | 15.6M | 15.1M |
| Depreciation And Amortization | 12.5M | 7.4M | 7.6M | 7.6M |
| Depreciation Amortization Depletion | 12.5M | 7.4M | 7.6M | 7.6M |
| Deferred Tax | 1.1M | 2.9M | 4.4M | 4.1M |
| Deferred Income Tax | 1.1M | 2.9M | 4.4M | 4.1M |
| Change In Working Capital | 4.3M | 289,000 | 241,000 | -358,000 |
| Other Non Cash Items | 12.4M | 8.7M | 8.8M | 8.6M |
| Capital Expenditure | -1.5M | -873,000 | -481,000 | -- |
| Purchase Of PPE | -1.5M | -873,000 | -- | -- |
| Net PPE Purchase And Sale | -1.5M | -873,000 | -- | -- |
| Sale Of Business | 4.0M | 0.00 | -- | -- |
| Investing Cash Flow | 2.5M | -1.5M | -1.1M | -275,000 |
| Cash Flow From Continuing Investing Activities | 2.5M | -1.5M | -1.1M | -275,000 |
| Repayment Of Debt | -3.3M | 0.00 | -1.5M | -5.0M |
| Net Issuance Payments Of Debt | -3.3M | 0.00 | -1.5M | -5.0M |
| Common Stock Dividend Paid | -12.8M | -12.8M | -- | -12.8M |
| Financing Cash Flow | -16.2M | -12.9M | -14.3M | -17.8M |
| Cash Flow From Continuing Financing Activities | -16.2M | -12.9M | -14.3M | -17.8M |
| Changes In Cash | 3.3M | -676,000 | 202,000 | -2.9M |
| Beginning Cash Position | 5.7M | 6.4M | 6.2M | 9.2M |
| End Cash Position | 9.1M | 5.7M | 6.4M | 6.2M |
| Free Cash Flow | 15.6M | 12.8M | 15.1M | 15.1M |
| Amortization Cash Flow | 8.8M | 7.4M | 7.6M | 7.6M |
| Amortization Of Intangibles | 8.8M | 7.4M | 7.6M | 7.6M |
| Asset Impairment Charge | 2.6M | 201,000 | 154,000 | 0.00 |
| Cash Dividends Paid | -12.8M | -12.8M | -12.8M | -12.8M |
| Depreciation | 3.7M | -- | -- | -- |
| Gain Loss On Investment Securities | -- | 1.4M | -2.2M | -1.9M |
| Gain Loss On Sale Of PPE | 12,000 | 0.00 | -- | -- |
| Interest Paid Cfo | -13.4M | -9.4M | -8.9M | -8.4M |
| Interest Received Cfi | -- | -- | 0.00 | 0.00 |
| Interest Received Cfo | 1.5M | 404,000 | 129,000 | 28,000 |
| Long Term Debt Payments | -3.3M | 0.00 | -1.5M | -5.0M |
| Net Business Purchase And Sale | 4.0M | 0.00 | -- | -- |
| Net Foreign Currency Exchange Gain Loss | -- | 1.1M | -11.5M | 5.0M |
| Net Income From Continuing Operations | -10.3M | 4.0M | 21.0M | 4.8M |
| Net Intangibles Purchase And Sale | -- | -873,000 | -481,000 | 274,000 |
| Net Long Term Debt Issuance | -3.3M | 0.00 | -1.5M | -5.0M |
| Net Other Financing Charges | -158,000 | -63,000 | -- | -- |
| Net Other Investing Changes | -4,000 | -604,000 | -573,000 | -549,000 |
| Operating Gains Losses | 12,000 | 1.5M | -13.8M | 3.1M |
| Purchase Of Intangibles | -- | -873,000 | -481,000 | -- |
| Sale Of Intangibles | -- | -- | -- | 274,000 |
| Taxes Refund Paid | -2.9M | -3.5M | -4.1M | -4.3M |
| Unrealized Gain Loss On Investment Securities | 9.3M | 1.1M | -- | 5.0M |