Clear Blue Technologies International Inc.
Financial Statements (IFRS) · Amounts in CAD
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 | 953,972 | 1.1M | 1.1M | 565,755 | 369,297 |
| Operating Revenue | 953,972 | 1.1M | 1.1M | 565,755 | 369,297 |
| Cost Of Revenue | 601,398 | 640,172 | 499,660 | -30,811 | 199,974 |
| Gross Profit | 352,574 | 493,824 | 551,601 | 596,566 | 169,323 |
| Selling General And Administration | 885,702 | 906,675 | 857,919 | 743,071 | 1.0M |
| General And Administrative Expense | 822,727 | 822,844 | 748,163 | 592,505 | 888,049 |
| Research And Development | -84,817 | 51,151 | 33,666 | 385,391 | 48,509 |
| Depreciation And Amortization In Income Statement | 24,796 | 24,439 | 28,543 | 211,342 | 204,391 |
| Other Operating Expenses | 35,934 | 13,061 | 32,353 | 35,418 | 59,812 |
| Operating Expense | 861,615 | 995,326 | 952,481 | 1.4M | 1.3M |
| Operating Income | -509,041 | -501,502 | -400,880 | -778,656 | -1.2M |
| EBIT | -457,009 | -122,952 | 214,107 | -6.2M | -1.1M |
| Interest Expense | 332,428 | 242,385 | 233,668 | 787,201 | 534,665 |
| Interest Expense Non Operating | 332,428 | 242,385 | 233,668 | 787,201 | 534,665 |
| Interest Income | 15,039 | 0.00 | 0.00 | 4,795 | 4,537 |
| Interest Income Non Operating | 15,039 | 0.00 | 0.00 | 4,795 | 4,537 |
| Net Interest Income | -317,389 | -242,385 | -233,668 | -782,406 | -530,128 |
| Other Income Expense | 36,992 | 378,550 | 614,987 | -5.4M | 52,645 |
| Other Non Operating Income Expenses | 1,227 | 543.00 | -- | -8,774 | 35,760 |
| Special Income Charges | -1,232 | 129,893 | 632,083 | -5.2M | -74,652 |
| Restructuring And Mergern Acquisition | -- | -- | -- | 0.00 | 0.00 |
| Write Off | 1,232 | -- | -- | 200,878 | 0.00 |
| Gain On Sale Of Security | 36,997 | 248,114 | -17,096 | -220,824 | 91,537 |
| Pretax Income | -789,437 | -365,337 | -19,561 | -7.0M | -1.6M |
| Tax Provision | 0.00 | 0.00 | -- | 0.00 | -66,418 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 682.47 |
| Net Income From Continuing And Discontinued Operation | -789,437 | -365,337 | -19,561 | -7.0M | -1.6M |
| Net Income From Continuing Operation Net Minority Interest | -789,437 | -365,337 | -19,561 | -7.0M | -1.6M |
| Net Income Including Noncontrolling Interests | -789,437 | -365,337 | -19,561 | -7.0M | -1.6M |
| Net Income Common Stockholders | -789,437 | -365,337 | -19,561 | -7.0M | -1.6M |
| Net Income | -789,437 | -365,337 | -19,561 | -7.0M | -1.6M |
| EBITDA | -432,213 | -98,513 | 242,650 | -6.0M | -904,188 |
| Normalized EBITDA | -467,978 | -476,520 | -372,337 | -571,294 | -921,073 |
| Reconciled Depreciation | 24,796 | 24,439 | 28,543 | 211,342 | 204,391 |
| Basic EPS | -0.00 | -0.01 | -0.00 | -- | -0.01 |
| Diluted EPS | -0.00 | -0.01 | -0.00 | -- | -0.01 |
| Basic Average Shares | 77.8M | 77.8M | 12.9M | -- | 20.7M |
| Diluted Average Shares | 77.8M | 77.8M | 12.9M | -- | 20.7M |
| Total Unusual Items | 35,765 | 378,007 | 614,987 | -5.4M | 16,885 |
| Total Unusual Items Excluding Goodwill | 35,765 | 378,007 | 614,987 | -5.4M | 16,885 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 |
| Normalized Income | -825,202 | -743,344 | -634,548 | -1.6M | -1.6M |
| Amortization | 0.00 | 0.00 | -- | 180,571 | 180,570 |
| Amortization Of Intangibles Income Statement | 0.00 | 0.00 | -- | 180,571 | 180,570 |
| Depreciation Amortization Depletion Income Statement | 24,796 | 24,439 | 28,543 | 211,342 | 204,391 |
| Depreciation Income Statement | 24,796 | 24,439 | 28,543 | 30,771 | 23,821 |
| Diluted NI Availto Com Stockholders | -789,437 | -365,337 | -19,561 | -7.0M | -1.6M |
| Gain On Sale Of Ppe | 0.00 | 0.00 | -- | 674.00 | -11.00 |
| Net Income Continuous Operations | -789,437 | -365,337 | -19,561 | -7.0M | -1.6M |
| Net Non Operating Interest Income Expense | -317,389 | -242,385 | -233,668 | -782,406 | -530,128 |
| Other Gand A | 337,103 | 394,072 | 349,387 | 788,918 | 409,916 |
| Other Special Charges | -- | -129,893 | -632,083 | 672,211 | 74,641 |
| Reconciled Cost Of Revenue | 601,398 | 640,172 | 499,660 | -30,811 | 199,974 |
| Rent And Landing Fees | 38,145 | 28,143 | 38,889 | 41,617 | 28,218 |
| Rent Expense Supplemental | 38,145 | 28,143 | 38,889 | 41,617 | 28,218 |
| Salaries And Wages | 447,479 | 400,629 | 359,887 | -238,030 | 449,915 |
| Selling And Marketing Expense | 62,975 | 83,831 | 109,756 | 150,566 | 134,323 |
| Total Expenses | 1.5M | 1.6M | 1.5M | 1.3M | 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 | 125,535 | 526,823 | 128,971 | 339,905 | 219,669 |
| Cash Cash Equivalents And Short Term Investments | 125,535 | 526,823 | 128,971 | 339,905 | 219,669 |
| Cash Financial | 125,535 | 526,823 | 128,971 | 339,905 | 219,669 |
| Accounts Receivable | 901,429 | 518,023 | 138,339 | 447,994 | 365,740 |
| Receivables | 1.7M | 913,981 | 1.7M | 1.8M | 2.0M |
| Inventory | 2.8M | 2.8M | 3.0M | 3.1M | 3.9M |
| Prepaid Assets | 188,844 | 237,097 | 352,314 | 236,880 | 296,282 |
| Current Assets | 5.0M | 4.6M | 5.4M | 5.6M | 6.6M |
| Gross PPE | 886,483 | 582,677 | 582,620 | 583,620 | 913,760 |
| Accumulated Depreciation | -555,990 | -531,194 | -506,743 | -478,408 | -787,726 |
| Net PPE | 330,493 | 51,483 | 75,877 | 105,212 | 126,034 |
| Goodwill And Other Intangible Assets | 452,565 | 460,225 | 108,061 | 0.00 | 4.7M |
| Other Intangible Assets | 452,565 | 460,225 | 108,061 | -- | 4.7M |
| Total Non Current Assets | 961,462 | 629,869 | 306,316 | 178,403 | 5.1M |
| Total Assets | 6.0M | 5.2M | 5.7M | 5.8M | 11.7M |
| Current Debt | 520,405 | 135,274 | 134,015 | 1.3M | 1.3M |
| Current Debt And Capital Lease Obligation | 600,604 | 144,899 | 171,232 | 1.4M | 1.4M |
| Accounts Payable | 2.1M | 1.7M | 2.2M | 2.2M | 3.5M |
| Payables | 2.1M | 1.7M | 2.2M | 2.2M | 3.5M |
| Payables And Accrued Expenses | 2.1M | 1.7M | 2.2M | 2.2M | 3.5M |
| Current Deferred Revenue | 1.2M | 1.3M | 1.3M | 1.1M | 838,757 |
| Current Liabilities | 3.9M | 3.2M | 3.7M | 4.7M | 5.7M |
| Long Term Debt | 5.5M | 5.6M | 5.7M | 5.3M | 11.7M |
| Long Term Debt And Capital Lease Obligation | 5.7M | 5.6M | 5.7M | 5.3M | 11.7M |
| Long Term Capital Lease Obligation | 198,250 | -- | -- | 0.00 | 9,429 |
| Other Non Current Liabilities | 316,114 | 779,738 | 316,114 | -- | 375,000 |
| Total Non Current Liabilities Net Minority Interest | 7.4M | 6.7M | 6.3M | 5.6M | 14.0M |
| Total Liabilities Net Minority Interest | 11.3M | 9.9M | 10.0M | 10.3M | 19.6M |
| Common Stock | 31.4M | 31.4M | 31.5M | 31.2M | 24.5M |
| Capital Stock | 31.4M | 31.4M | 31.5M | 31.2M | 24.5M |
| Retained Earnings | -49.2M | -48.4M | -48.1M | -48.1M | -41.2M |
| Gains Losses Not Affecting Retained Earnings | 12.5M | 12.4M | 12.3M | 12.3M | 7.4M |
| Common Stock Equity | -5.4M | -4.7M | -4.3M | -4.5M | -7.9M |
| Stockholders Equity | -5.4M | -4.7M | -4.3M | -4.5M | -7.9M |
| Total Equity Gross Minority Interest | -5.4M | -4.7M | -4.3M | -4.5M | -7.9M |
| Total Capitalization | 118,213 | 930,079 | 1.4M | 835,876 | 3.8M |
| Net Tangible Assets | -5.8M | -5.2M | -4.4M | -4.5M | -12.6M |
| Tangible Book Value | -5.8M | -5.2M | -4.4M | -4.5M | -12.6M |
| Working Capital | 1.1M | 1.4M | 1.7M | 928,283 | 916,526 |
| Invested Capital | 638,618 | 1.1M | 1.5M | 2.1M | 5.1M |
| Total Debt | 6.3M | 5.8M | 5.9M | 6.7M | 13.1M |
| Net Debt | 5.9M | 5.2M | 5.7M | 6.3M | 12.8M |
| Share Issued | 78.6M | 78.6M | 77.3M | 77.3M | 20.8M |
| Ordinary Shares Number | 78.6M | 78.6M | 77.2M | 77.2M | 20.8M |
| Capital Lease Obligations | 278,449 | 9,625 | 37,217 | 64,132 | 91,076 |
| Current Capital Lease Obligation | 80,199 | 9,625 | 37,217 | 64,132 | 81,647 |
| Current Deferred Assets | 172,574 | 154,068 | 152,030 | 139,644 | 119,050 |
| Current Deferred Liabilities | 1.2M | 1.3M | 1.3M | 1.1M | 838,757 |
| Dueto Related Parties Non Current | 678,301 | -- | -- | 0.00 | 1.6M |
| Finished Goods | 1.3M | 959,108 | 1.2M | 1.5M | 1.5M |
| Leases | 64,935 | 64,935 | 64,870 | 66,006 | 65,897 |
| Line Of Credit | 0.00 | 0.00 | 0.00 | 750,000 | 841,833 |
| Loans Receivable | -- | -- | -- | 0.00 | 400,569 |
| Machinery Furniture Equipment | 231,901 | 222,751 | 222,759 | 222,623 | 212,783 |
| Non Current Accounts Receivable | -- | -- | -- | -- | 187,775 |
| Non Current Deferred Assets | 178,404 | 118,161 | 122,378 | 73,191 | 94,082 |
| Non Current Deferred Liabilities | 701,582 | 343,409 | 271,664 | 270,810 | 279,203 |
| Non Current Deferred Revenue | 701,582 | 343,409 | 271,664 | 270,810 | 279,203 |
| Other Current Borrowings | 520,405 | 135,274 | 134,015 | 555,825 | 441,598 |
| Other Equity Interest | -- | -- | -- | -- | 1.4M |
| Other Properties | 589,647 | 294,991 | 294,991 | 294,991 | 635,080 |
| Other Receivables | 375,000 | -- | 1.3M | 1.0M | 1.0M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 1.5M | 1.8M | 1.8M | 1.6M | 2.5M |
| Taxes Receivable | 473,306 | 395,958 | 302,185 | 346,832 | 215,129 |
| Tradeand Other Payables Non Current | 0.00 | -- | -- | 0.00 | 0.00 |
| Treasury Shares Number | 38,986 | 38,986 | 38,985 | 38,985 | 75,364 |
| 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 | -675,284 | -1.1M | 198,615 | 1.1M | -625,674 |
| Cash Flow From Continuing Operating Activities | -675,284 | -1.1M | 198,615 | 1.1M | -625,674 |
| Depreciation And Amortization | 24,796 | 24,439 | 28,543 | 211,342 | 204,391 |
| Depreciation Amortization Depletion | 24,796 | 24,439 | 28,543 | 211,342 | 204,391 |
| Stock Based Compensation | 114,989 | 2,972 | 2,972 | 51,956 | 52,712 |
| Deferred Tax | 0.00 | -- | -- | 0.00 | -66,418 |
| Deferred Income Tax | 0.00 | -- | -- | 0.00 | -66,418 |
| Change In Working Capital | -65,851 | -647,302 | 582,144 | 1.4M | 208,080 |
| Changes In Account Receivables | -572,133 | -237,548 | 440,900 | 957,224 | 1.2M |
| Change In Receivables | -671,991 | -260,405 | 431,399 | 1.2M | 1.2M |
| Change In Inventory | 15,725 | 256,114 | 63,066 | 309,632 | 158,224 |
| Change In Payables And Accrued Expense | 638,604 | -870,741 | 70,962 | -465,248 | -1.1M |
| Change In Other Working Capital | -96,442 | 112,513 | 132,151 | 325,676 | 97,800 |
| Change In Other Current Liabilities | -- | -- | -- | -- | 0.00 |
| Other Non Cash Items | 186,269 | 241,842 | -398,415 | 1.7M | 603,552 |
| Capital Expenditure | -456,380 | -339,633 | -335,486 | -295,028 | -735,554 |
| Purchase Of PPE | -303,806 | 8.00 | -136.00 | 11.00 | -631.00 |
| Net PPE Purchase And Sale | -303,806 | 8.00 | -136.00 | 11.00 | -631.00 |
| Investing Cash Flow | -456,380 | 982,853 | -334,558 | -767,642 | -735,554 |
| Cash Flow From Continuing Investing Activities | -456,380 | 982,853 | -334,558 | -767,642 | -735,554 |
| Issuance Of Debt | 294,656 | 0.00 | 0.00 | -13,608 | 500,000 |
| Repayment Of Debt | -28,287 | -28,287 | -29,288 | 14,024 | -78,104 |
| Net Issuance Payments Of Debt | 266,369 | -28,287 | -29,288 | 416.00 | 421,896 |
| Issuance Of Capital Stock | -- | -- | -- | 0.00 | 0.00 |
| Net Common Stock Issuance | -- | -- | -- | 0.00 | 0.00 |
| Financing Cash Flow | 730,376 | 481,040 | -74,991 | -223,111 | 526,281 |
| Cash Flow From Continuing Financing Activities | 730,376 | 481,040 | -74,991 | -223,111 | 526,281 |
| Changes In Cash | -401,288 | 397,852 | -210,934 | 120,236 | -834,947 |
| Beginning Cash Position | 526,823 | 128,971 | 339,905 | 219,669 | 1.1M |
| End Cash Position | 125,535 | 526,823 | 128,971 | 339,905 | 219,669 |
| Free Cash Flow | -1.1M | -1.4M | -136,871 | 815,961 | -1.4M |
| Amortization Cash Flow | 0.00 | 0.00 | 0.00 | 180,571 | 180,570 |
| Amortization Of Intangibles | 0.00 | 0.00 | 0.00 | 180,571 | 180,570 |
| Asset Impairment Charge | -- | -- | -- | 4.5M | 0.00 |
| Change In Prepaid Assets | 48,253 | 115,217 | -115,434 | 59,402 | -188,607 |
| Common Stock Issuance | -- | -- | -- | 0.00 | 0.00 |
| Depreciation | 24,796 | 24,439 | 28,543 | 30,771 | 23,821 |
| Gain Loss On Sale Of PPE | -- | -- | -- | 674.00 | -- |
| Interest Paid Cfo | -110,285 | -74,541 | -14,164 | -52,500 | 41,046 |
| Interest Received Cfo | -- | -- | -- | 0.00 | 0.00 |
| Long Term Debt Issuance | 294,656 | 0.00 | 0.00 | -13,608 | 500,000 |
| Long Term Debt Payments | -28,287 | -28,287 | -29,288 | 14,024 | -78,104 |
| Net Foreign Currency Exchange Gain Loss | -36,997 | -248,114 | 17,096 | 220,824 | -91,537 |
| Net Income From Continuing Operations | -789,437 | -365,337 | -19,561 | -7.0M | -1.6M |
| Net Intangibles Purchase And Sale | -152,574 | -339,641 | -335,350 | -295,039 | -734,923 |
| Net Long Term Debt Issuance | 266,369 | -28,287 | -29,288 | 416.00 | 421,896 |
| Net Other Financing Charges | 464,007 | 509,327 | -45,703 | -223,527 | 104,385 |
| Net Other Investing Changes | 0.00 | 1.3M | 928.00 | -472,614 | 0.00 |
| Operating Gains Losses | -36,997 | -248,114 | 17,096 | 221,498 | -92,211 |
| Purchase Of Intangibles | -152,574 | -339,641 | -335,350 | -295,039 | -734,923 |