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Cogeco 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
Total Revenue 735.6M 731.4M 758.5M 753.2M 765.0M
Operating Revenue 688.6M 691.0M 711.9M 713.6M 717.5M
Selling General And Administration 126.3M 124.0M 130.6M 134.0M 134.4M
General And Administrative Expense 126.3M 124.0M 130.6M 134.0M 134.4M
Depreciation And Amortization In Income Statement 173.4M 174.9M 183.6M 184.2M 177.2M
Other Operating Expenses 247.6M 250.3M 260.1M 262.3M 259.5M
Operating Expense 547.3M 549.2M 574.3M 580.6M 571.1M
Operating Income 188.4M 182.1M 184.3M 172.7M 193.9M
EBIT 188.4M 163.7M 163.7M 168.5M 203.7M
Interest Expense 65.4M 70.2M 69.1M 69.6M 68.0M
Interest Expense Non Operating 65.4M 70.2M 69.1M 69.6M 68.0M
Interest Income 1.2M 2.6M 1.7M 2.8M 2.7M
Interest Income Non Operating 1.2M 2.6M 1.7M 2.8M 2.7M
Net Interest Income -64.9M -69.0M -68.5M -68.1M -65.8M
Other Income Expense -441,000 -19.7M -21.2M -5.6M 7.7M
Special Income Charges -2.0M -17.2M -11.6M -8.6M 9.6M
Restructuring And Mergern Acquisition 2.0M 3.5M 9.0M 8.6M 4.2M
Gain On Sale Of Security 1.5M -2.5M -9.7M 3.0M -2.0M
Pretax Income 123.0M 93.5M 94.6M 98.9M 135.7M
Tax Provision 26.9M 17.3M 20.6M 22.3M 27.3M
Tax Effect Of Unusual Items -96,579 -3.6M -4.6M -1.3M 1.5M
Net Income From Continuing And Discontinued Operation 28.2M 16.5M 20.5M 18.2M 29.8M
Net Income From Continuing Operation Net Minority Interest 28.2M 16.5M 20.5M 18.2M 29.8M
Net Income Including Noncontrolling Interests 96.1M 76.2M 74.0M 76.6M 108.4M
Minority Interests -67.9M -59.7M -53.5M -58.4M -78.6M
Net Income Common Stockholders 28.2M 16.5M 20.5M 18.2M 29.8M
Net Income 28.2M 16.5M 20.5M 18.2M 29.8M
EBITDA 361.8M 338.6M 347.2M 352.8M 381.0M
Normalized EBITDA 362.2M 358.3M 368.5M 358.4M 373.3M
Reconciled Depreciation 173.4M 174.9M 183.6M 184.2M 177.2M
Basic EPS 2.97 -- 2.16 1.91 3.13
Diluted EPS 2.92 -- 2.13 1.88 3.09
Basic Average Shares 9.5M -- 9.5M 9.5M 9.5M
Diluted Average Shares 9.7M -- 9.6M 9.6M 9.6M
Total Unusual Items -441,000 -19.7M -21.2M -5.6M 7.7M
Total Unusual Items Excluding Goodwill -441,000 -19.7M -21.2M -5.6M 7.7M
Tax Rate For Calcs 0.22 0.18 0.22 0.23 0.20
Normalized Income 28.6M 32.5M 37.1M 22.5M 23.7M
Depreciation Amortization Depletion Income Statement 173.4M 174.9M 183.6M 184.2M 177.2M
Depreciation Income Statement -- -- -- -- 177.2M
Diluted NI Availto Com Stockholders 28.2M 16.5M 20.5M 18.2M 29.8M
Gain On Sale Of Ppe -- -- 0.00 0.00 --
Impairment Of Capital Assets -- -132,000 2.6M -- --
Net Income Continuous Operations 96.1M 76.2M 74.0M 76.6M 108.4M
Net Non Operating Interest Income Expense -64.9M -69.0M -68.5M -68.1M -65.8M
Other Special Charges -- -- -- -- -13.8M
Salaries And Wages 126.3M 124.0M 130.6M 134.0M 134.4M
Total Expenses 547.3M 549.2M 574.3M 580.6M 571.1M
Total Other Finance Cost 779,000 1.4M 1.1M 1.4M 571,000
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 65.4M 75.6M 240.9M 137.0M 86.5M
Cash Cash Equivalents And Short Term Investments 65.4M 75.6M 240.9M 137.0M 86.5M
Cash Equivalents -- -- -- -- --
Cash Financial -- 75.6M 240.9M 137.0M 86.5M
Accounts Receivable 169.8M 94.2M 141.1M 164.2M 149.3M
Receivables 176.3M 154.4M 145.1M 183.6M 167.8M
Other Current Assets 62.6M 49.6M 49.7M 52.0M 48.9M
Current Assets 310.1M 282.5M 449.6M 390.8M 326.6M
Gross PPE -- 8.6B -- -- --
Accumulated Depreciation -- -5.3B -- -- --
Net PPE 3.3B 3.3B 3.3B 3.4B 3.4B
Goodwill 2.2B 2.2B 2.2B 2.3B 2.2B
Goodwill And Other Intangible Assets 6.1B 6.0B 6.0B 6.2B 6.1B
Other Intangible Assets 3.9B 3.8B 3.8B 4.0B 3.9B
Other Non Current Assets 179.2M 3.0M 152.7M 149.8M 145.7M
Total Non Current Assets 9.6B 9.5B 9.5B 9.9B 9.7B
Total Assets 9.9B 9.8B 10.0B 10.3B 10.0B
Current Debt 256.6M 49.1M 326.5M 381.6M 357.8M
Current Debt And Capital Lease Obligation 256.6M 49.1M 341.6M 381.6M 357.8M
Accounts Payable 350.2M 396.1M 388.0M 321.3M 344.0M
Payables 363.4M 426.3M 410.5M 334.7M 355.2M
Payables And Accrued Expenses 363.4M 426.3M 410.5M 334.7M 355.2M
Current Deferred Revenue -- 0.00 4.8M 5.1M 6.3M
Other Current Liabilities 61.5M 62.1M 70.6M 58.9M 55.2M
Current Liabilities 712.4M 579.1M 869.8M 820.1M 817.6M
Long Term Debt 4.5B 4.7B 4.5B 4.8B 4.8B
Long Term Debt And Capital Lease Obligation 4.5B 4.7B 4.6B 4.8B 4.8B
Long Term Capital Lease Obligation -- -- 74.8M -- --
Other Non Current Liabilities 17.1M 17.7M 19.0M 20.3M --
Total Non Current Liabilities Net Minority Interest 5.5B 5.6B 5.5B 5.8B 5.7B
Total Liabilities Net Minority Interest 6.2B 6.2B 6.4B 6.6B 6.5B
Common Stock 53.3M 55.1M 55.1M 54.9M 54.9M
Capital Stock 53.3M 55.1M 55.1M 54.9M 54.9M
Retained Earnings 770.5M 749.9M 739.2M 727.5M 718.3M
Gains Losses Not Affecting Retained Earnings 53.0M 45.6M 48.1M 71.6M 60.8M
Other Equity Adjustments 53.0M 45.6M 48.1M 71.6M 60.8M
Common Stock Equity 887.9M 863.0M 853.8M 865.0M 844.4M
Stockholders Equity 887.9M 863.0M 853.8M 865.0M 844.4M
Total Equity Gross Minority Interest 3.7B 3.6B 3.6B 3.6B 3.5B
Minority Interest 2.8B 2.7B 2.7B 2.8B 2.7B
Total Capitalization 5.4B 5.5B 5.4B 5.7B 5.6B
Net Tangible Assets -5.2B -5.1B -5.2B -5.4B -5.3B
Tangible Book Value -5.2B -5.1B -5.2B -5.4B -5.3B
Working Capital -402.3M -296.5M -420.2M -429.3M -491.0M
Invested Capital 5.7B 5.6B 5.7B 6.1B 6.0B
Total Debt 4.8B 4.7B 4.9B 5.2B 5.1B
Net Debt 4.7B 4.6B 4.6B 5.1B 5.0B
Share Issued 9.6M 9.6M 9.6M 9.6M 9.6M
Ordinary Shares Number 9.5M 9.5M 9.5M 9.5M 9.5M
Allowance For Doubtful Accounts Receivable -- -6.6M -- -- --
Capital Lease Obligations -- -- 89.9M -- --
Construction In Progress -- 173.8M -- -- --
Current Capital Lease Obligation -- -- 15.1M -- --
Current Deferred Liabilities -- 0.00 4.8M 5.1M 6.3M
Current Provisions 31.0M 41.6M 42.3M 40.0M 43.1M
Defined Pension Benefit -- 19.2M -- -- --
Derivative Product Liabilities 13.0M 12.0M 7.5M 6.0M 3.6M
Employee Benefits 14.2M 14.4M 14.7M 13.1M 14.8M
Financial Assets 8.3M 17.6M 22.6M 27.3M 30.9M
Gross Accounts Receivable -- 100.8M -- -- --
Hedging Assets Current 5.9M 2.9M 9.1M 13.2M 17.1M
Income Tax Payable 13.2M 30.2M 22.6M 13.4M 11.1M
Line Of Credit 886,000 3.5M 1.1M 18.3M 6.1M
Machinery Furniture Equipment -- 549.0M -- -- --
Non Current Deferred Assets 1.9M 147.8M 5.0M 5.2M 5.5M
Non Current Deferred Liabilities 926.5M 905.2M 903.4M 922.2M 906.8M
Non Current Deferred Revenue -- -- -- -- 10.1M
Non Current Deferred Taxes Assets 1.9M 3.8M 5.0M 5.2M 5.5M
Non Current Deferred Taxes Liabilities 926.5M 905.2M 903.4M 922.2M 896.8M
Non Current Pension And Other Postretirement Benefit Plans 14.2M 14.4M -- -- --
Other Current Borrowings 255.7M 45.5M 325.4M 363.3M 351.7M
Other Equity Interest 11.1M 12.3M 11.4M 10.9M 10.4M
Other Properties -- 7.6B -- -- --
Other Receivables -- 54.6M -- -- --
Properties -- 277.2M -- -- --
Restricted Cash -- 0.00 4.8M 5.1M 6.3M
Taxes Receivable 6.5M 5.7M 4.0M 19.4M 18.5M
Total Tax Payable 13.2M 30.2M 22.6M 13.4M 11.1M
Treasury Shares Number 174,858 144,073 144,073 147,628 147,628
Line Item Q4 2025Nov 30, 2025 Q3 2025Aug 31, 2025 Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024
Operating Cash Flow 174.6M 266.7M 401.4M 250.1M 208.7M
Cash Flow From Continuing Operating Activities 174.6M 266.7M 401.4M 250.1M 208.7M
Depreciation And Amortization 173.4M 174.9M 183.6M 184.2M 177.2M
Depreciation Amortization Depletion 173.4M 174.9M 183.6M 184.2M 177.2M
Stock Based Compensation 1.8M 1.4M 3.4M -1.1M 3.4M
Deferred Tax 26.9M 17.3M 20.6M 22.3M 27.3M
Deferred Income Tax 26.9M 17.3M 20.6M 22.3M 27.3M
Change In Working Capital -98.5M 8.2M 98.1M -24.0M -80.7M
Change In Receivables -20.2M -7.7M 20.9M -13.1M -14.8M
Change In Payables And Accrued Expense -43.3M 27.4M 77.2M -15.4M -28.2M
Change In Payable -43.3M 27.4M 77.2M -15.4M -28.2M
Change In Other Working Capital -13.3M -4.2M 4.2M 10.3M -24.8M
Change In Other Current Assets -9.0M -7.4M -5.5M -3.3M -5.4M
Other Non Cash Items 64.9M 58.2M 79.3M 68.1M 65.8M
Capital Expenditure -160.2M -162.1M -129.1M -163.4M -157.0M
Purchase Of PPE -157.4M -159.2M -126.2M -160.3M -153.5M
Net PPE Purchase And Sale -154.6M -158.6M -124.0M -159.4M -133.9M
Purchase Of Business -- -- 0.00 -- --
Sale Of Business -- 0.00 -- 1.1M --
Investing Cash Flow -157.3M -161.3M -126.8M -161.2M -137.2M
Cash Flow From Continuing Investing Activities -157.3M -161.3M -126.8M -161.2M -137.2M
Issuance Of Debt 53.3M 1.7M 490,000 323.4M 31.8M
Repayment Of Debt -28.8M -229.0M -126.3M -342.4M -54.6M
Net Issuance Payments Of Debt 24.5M -239.2M -125.8M -6.7M -22.7M
Issuance Of Capital Stock -- -- -- -- --
Repurchase Of Capital Stock -- 0.00 0.00 0.00 --
Net Common Stock Issuance -- 0.00 0.00 0.00 --
Common Stock Dividend Paid -9.3M -- -- -8.7M -8.7M
Common Stock Payments -- 0.00 0.00 0.00 --
Financing Cash Flow -28.1M -275.2M -162.5M -42.6M -58.9M
Cash Flow From Continuing Financing Activities -28.1M -275.2M -162.5M -42.6M -58.9M
Effect Of Exchange Rate Changes 537,000 -330,000 -8.4M 2.9M 2.6M
Changes In Cash -10.7M -169.8M 112.1M 46.3M 12.5M
Beginning Cash Position 75.6M 245.7M 142.0M 92.8M 77.7M
End Cash Position 65.4M 75.6M 245.7M 142.0M 92.8M
Free Cash Flow 14.4M 104.6M 272.2M 86.7M 51.6M
Asset Impairment Charge -- -132,000 2.6M -- --
Cash Dividends Paid -9.3M -8.7M -8.7M -8.7M -8.7M
Change In Prepaid Assets -12.7M 120,000 1.3M -2.6M -7.4M
Common Stock Issuance -- -- -- -- --
Depreciation -- -- -- -- --
Gain Loss On Sale Of PPE -564,000 -39,000 -454,000 -1.2M -16.5M
Interest Paid Cfo -59.3M -77.3M -72.1M -64.3M -63.8M
Long Term Debt Issuance 53.3M 1.7M 490,000 323.4M 31.8M
Long Term Debt Payments -26.2M -229.0M -126.3M -342.4M -45.2M
Net Business Purchase And Sale -- 0.00 0.00 1.1M --
Net Foreign Currency Exchange Gain Loss -1.5M -1.6M -1.1M -3.0M 2.0M
Net Income From Continuing Operations 96.1M 76.2M 74.0M 76.6M 108.4M
Net Intangibles Purchase And Sale -2.9M -2.9M -2.9M -3.1M -3.5M
Net Long Term Debt Issuance 27.2M -227.3M -125.8M -18.9M -13.4M
Net Other Financing Charges -29.6M -26.9M -28.0M -27.6M -24.7M
Net Other Investing Changes 188,000 189,000 188,000 193,000 187,000
Net Short Term Debt Issuance -2.6M -- -- 12.2M -9.3M
Operating Gains Losses -1.9M 13.7M -1.1M -3.9M -14.0M
Pension And Employee Benefit Expense 215,000 396,000 478,000 351,000 478,000
Proceeds From Stock Option Exercised -13.8M -409,000 0.00 409,000 -2.8M
Purchase Of Intangibles -2.9M -2.9M -2.9M -3.1M -3.5M
Sale Of PPE 2.8M 606,000 2.2M 931,000 19.6M
Short Term Debt Issuance -- -- -- -- --
Short Term Debt Payments -2.6M -- -- -- -9.3M
Taxes Refund Paid -28.9M -5.7M 13.1M -7.9M -15.0M
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