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Chorus Aviation Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Total Revenue 320.2M -- 324.6M 348.1M 353.2M
Operating Revenue 320.2M -- 294.2M 348.1M 353.2M
Cost Of Revenue 258.9M -- 259.1M 276.6M 297.1M
Gross Profit 61.3M -- 65.5M 71.5M 56.1M
Other Operating Expenses 40.5M -- 41.5M 41.8M 41.3M
Operating Expense 40.3M -- 41.5M 41.8M 42.8M
Operating Income 21.0M -- 24.1M 29.7M 13.3M
EBIT 27.1M -- 37.2M 31.6M -24.3M
Interest Expense 3.9M -- 4.3M 5.4M 22.9M
Interest Expense Non Operating 3.9M -- 4.3M 5.4M 22.9M
Interest Income 474,000 -- 838,000 1.7M 2.4M
Interest Income Non Operating 474,000 -- 838,000 1.7M 2.4M
Net Interest Income -3.4M -- -3.5M -3.7M -20.5M
Other Income Expense 5.6M -- 12.3M 153,000 -40.0M
Special Income Charges 9,000 -- 9,000 1,000 76,000
Gain On Sale Of Security 5.6M -- 12.3M 152,000 -40.1M
Pretax Income 23.2M -- 32.8M 26.1M -47.2M
Tax Provision 6.5M -- 396,000 7.2M 2.2M
Tax Effect Of Unusual Items 1.6M -1.8M 147,240 42,075 -6.0M
Net Income From Continuing And Discontinued Operation 16.7M -- 32.4M 18.9M -7.6M
Net Income From Continuing Operation Net Minority Interest 16.7M -- 32.4M 18.9M -50.4M
Net Income Including Noncontrolling Interests 16.7M -- 32.4M 18.9M -6.6M
Minority Interests 0.00 -- 0.00 0.00 -1.0M
Net Income Common Stockholders 16.7M -- 32.4M 18.9M -97.0M
Net Income 16.7M -- 32.4M 18.9M -7.6M
EBITDA 53.2M -- 64.4M 58.7M 13.4M
Normalized EBITDA 47.6M -- 52.2M 58.6M 53.4M
Reconciled Depreciation 26.1M -- 27.3M 27.2M 37.7M
Basic EPS -- -- 1.24 0.71 -0.28
Diluted EPS -- -- 1.23 0.70 -0.28
Basic Average Shares -- -- 26.2M 26.9M 27.2M
Diluted Average Shares -- -- 26.3M 26.9M 27.2M
Total Unusual Items 5.6M -- 12.3M 153,000 -40.0M
Total Unusual Items Excluding Goodwill 5.6M -- 12.3M 153,000 -40.0M
Tax Rate For Calcs 0.28 0.35 0.01 0.28 0.15
Normalized Income 12.7M 14.0M 20.3M 18.8M -16.4M
Diluted NI Availto Com Stockholders 16.7M -- 32.4M 18.9M -97.0M
Gain On Sale Of Ppe 9,000 -- 9,000 1,000 76,000
Net Income Continuous Operations 16.7M -- 32.4M 18.9M -49.4M
Net Income Discontinuous Operations 0.00 -- 0.00 0.00 42.8M
Net Non Operating Interest Income Expense -3.4M -- -3.5M -3.7M -20.5M
Preferred Stock Dividends -- -- -- -- 0.00
Reconciled Cost Of Revenue 258.9M -- 259.1M 276.6M 297.1M
Total Expenses 299.2M -- 300.5M 318.4M 339.9M
Total Operating Income As Reported 21.0M -- 24.1M 29.7M 13.3M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Cash And Cash Equivalents 28.7M -- 56.1M 74.4M 222.2M
Cash Cash Equivalents And Short Term Investments 28.7M -- 56.1M 74.4M 222.2M
Cash Financial 28.7M -- 56.1M 74.4M 222.2M
Accounts Receivable 108.6M -- 89.2M 109.0M 128.4M
Receivables 123.0M -- 99.0M 119.8M 142.1M
Inventory 159.2M -- 152.6M 155.0M 148.7M
Prepaid Assets 24.7M -- 20.7M 21.7M 24.3M
Current Assets 336.8M -- 328.4M 371.0M 540.5M
Gross PPE 1.7B -- -- -- 1.8B
Accumulated Depreciation -813.0M -- -- -- -761.2M
Net PPE 920.1M -- 968.5M 986.8M 1.0B
Goodwill 10.4M -- 7.2M 7.2M 7.2M
Goodwill And Other Intangible Assets 12.1M -- 8.8M 8.8M 8.8M
Other Intangible Assets 1.7M -- 1.7M 1.7M 1.7M
Investments And Advances -- -- -- -- 0.00
Other Non Current Assets 133,000 -- 41.8M 43.9M 241,000
Total Non Current Assets 973.7M -- 1.0B 1.0B 1.1B
Total Assets 1.3B -- 1.4B 1.4B 1.6B
Current Debt 64.3M -- 92.0M 66.2M 231.5M
Current Debt And Capital Lease Obligation 66.9M -- 94.9M 69.3M 233.7M
Accounts Payable 170.4M -- 189.4M 234.6M 254.2M
Payables 189.2M -- 192.0M 234.6M 274.9M
Payables And Accrued Expenses 189.2M -- 192.0M 234.6M 333.8M
Current Accrued Expenses 0.00 -- -- -- 58.9M
Other Current Liabilities 2.8M -- -- -- 3.6M
Current Liabilities 258.8M -- 287.3M 303.9M 571.2M
Long Term Debt 296.1M -- 278.0M 336.8M 276.3M
Long Term Debt And Capital Lease Obligation 307.3M -- 289.4M 349.1M 282.6M
Long Term Capital Lease Obligation 11.1M -- 11.4M 12.3M 6.3M
Other Non Current Liabilities 788,000 -- 50.7M 53.1M 1.1M
Total Non Current Liabilities Net Minority Interest 543.8M -- 528.9M 596.7M 524.0M
Total Liabilities Net Minority Interest 802.6M -- 816.2M 900.6M 1.1B
Common Stock 344.0M -- 376.6M 387.1M 394.8M
Capital Stock 344.0M -- 376.6M 387.1M 394.8M
Additional Paid In Capital 897.9M -- 919.2M 923.9M 925.6M
Retained Earnings -761.0M -- -787.1M -821.8M -837.0M
Gains Losses Not Affecting Retained Earnings 2.5M -- 3.2M 1.6M 1.6M
Common Stock Equity 507.8M -- 537.2M 516.2M 511.9M
Stockholders Equity 507.8M -- 537.2M 516.2M 511.9M
Total Equity Gross Minority Interest 507.8M -- 537.2M 516.2M 511.9M
Minority Interest 0.00 -- 0.00 0.00 0.00
Total Capitalization 804.0M -- 815.3M 853.0M 788.2M
Net Tangible Assets 495.8M -- 528.4M 507.4M 503.1M
Tangible Book Value 495.8M -- 528.4M 507.4M 503.1M
Working Capital 77.9M -- 41.1M 67.1M -30.7M
Invested Capital 868.3M -- 907.2M 919.2M 1.0B
Total Debt 374.2M -- 384.3M 418.4M 516.4M
Net Debt 331.8M -- 313.9M 328.6M 285.6M
Share Issued 23.4M 25.5M 25.9M 26.5M 27.2M
Ordinary Shares Number 23.4M 25.5M 25.9M 26.5M 27.2M
Allowance For Doubtful Accounts Receivable -315,000 -- -- -- -1.7M
Assets Held For Sale Current -- -- -- -- --
Capital Lease Obligations 13.7M -- 14.3M 15.4M 8.6M
Current Capital Lease Obligation 2.6M -- 2.9M 3.1M 2.2M
Defined Pension Benefit 5.7M -- -- -- 5.3M
Derivative Product Liabilities -- -- -- -- 0.00
Dividends Payable -- -- 2.1M -- 0.00
Employee Benefits 48.1M -- -- -- 45.5M
Financial Assets -- -- -- -- 0.00
Foreign Currency Translation Adjustments 2.5M -- 3.2M 1.6M 1.6M
Gross Accounts Receivable 108.9M -- -- -- 130.1M
Hedging Assets Current 1.2M -- -- -- 3.2M
Income Tax Payable 0.00 -- 520,000 15,000 2.5M
Leases 12.1M -- -- -- 16.4M
Machinery Furniture Equipment 49.6M -- -- -- 48.5M
Non Current Accounts Receivable 35.6M -- 5.8M 6.4M 41.1M
Non Current Deferred Assets -- -- -- -- 0.00
Non Current Deferred Liabilities 187.6M -- 188.8M 194.5M 194.7M
Non Current Deferred Taxes Assets -- -- -- -- 0.00
Non Current Deferred Taxes Liabilities 187.6M -- 188.8M 194.5M 194.7M
Non Current Pension And Other Postretirement Benefit Plans 10.7M -- -- -- 13.7M
Other Current Borrowings 64.3M -- 92.0M 66.2M 231.5M
Other Equity Interest 24.4M -- 25.4M 25.4M 27.0M
Other Payable 645,000 -- -- -- --
Other Properties 113.0M -- -- -- 109.0M
Other Receivables 3.9M -- 1.0M 1.0M 2.3M
Pensionand Other Post Retirement Benefit Plans Current -- -- 451,000 -- 0.00
Restricted Cash -- -- -- -- 0.00
Taxes Receivable 10.5M -- 8.8M 9.8M 11.4M
Total Tax Payable 18.1M -- 520,000 15,000 20.8M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Operating Cash Flow 23.2M -- 22.8M -22.5M 31.7M
Cash Flow From Continuing Operating Activities 23.2M -- 22.8M -22.5M 21.1M
Depreciation And Amortization 26.1M -- 27.3M 27.2M 37.7M
Depreciation Amortization Depletion 26.1M -- 27.3M 27.2M 37.7M
Deferred Tax -3.6M -- -7.4M 1.2M -5.2M
Deferred Income Tax -3.6M -- -7.4M 1.2M -5.2M
Change In Working Capital -10.8M -- -17.4M -69.5M -16.9M
Changes In Account Receivables -10.3M -- 19.8M 27.5M -40.6M
Change In Receivables -3.1M -- 20.8M 26.5M -41.6M
Change In Inventory 2.4M -- 759,000 756,000 -6.9M
Change In Payables And Accrued Expense -7.3M -- -45.6M -99.7M 50.9M
Change In Payable -7.3M -- -45.6M -99.7M 50.9M
Change In Other Working Capital -- -- 451,000 -- -20.6M
Change In Other Current Assets 5.1M -- 2.1M 1.7M 5.4M
Change In Other Current Liabilities -2.5M -- 3.1M 1.8M 629,000
Other Non Cash Items 88,000 -- 159,000 -817,000 15.4M
Capital Expenditure -8.9M -- -7.1M -6.4M -12.8M
Purchase Of PPE -8.9M -- -7.1M -6.4M -12.8M
Net PPE Purchase And Sale -1.8M -- -6.9M -6.1M -13.7M
Purchase Of Business 45,000 -- -- -- --
Investing Cash Flow -753,000 -- -6.9M -6.1M 700.5M
Cash Flow From Continuing Investing Activities -753,000 -- -6.9M -6.1M 680.0M
Issuance Of Debt -- -- -- -- --
Repayment Of Debt -18.0M -- -17.5M -105.3M -199.4M
Net Issuance Payments Of Debt 32.0M -- -17.5M -105.3M -172.4M
Repurchase Of Capital Stock -50.3M -- -14.4M -13.3M -526.3M
Net Common Stock Issuance -50.3M -- -14.4M -13.3M -2.7M
Common Stock Dividend Paid -1.9M -- -- -- --
Common Stock Payments -50.3M -- -14.4M -13.3M -2.7M
Financing Cash Flow -20.1M -- -31.8M -118.5M -722.5M
Cash Flow From Continuing Financing Activities -20.1M -- -31.8M -118.5M -732.7M
Effect Of Exchange Rate Changes -240,000 -- -2.4M -693,000 21.5M
Changes In Cash 2.4M -- -15.9M -147.2M 9.6M
Beginning Cash Position 26.5M -- 74.4M 222.2M 191.0M
End Cash Position 28.7M -- 56.1M 74.4M 222.2M
Free Cash Flow 14.3M -- 15.7M -28.9M 18.9M
Income Tax Paid Supplemental Data -- -- 6.4M 9.5M --
Interest Paid Supplemental Data -- -- 5.7M 4.5M --
Cash Dividends Paid -1.9M -- 0.00 0.00 0.00
Cash From Discontinued Financing Activities 0.00 -- 0.00 0.00 10.2M
Cash From Discontinued Investing Activities 0.00 -- 0.00 0.00 20.4M
Cash From Discontinued Operating Activities 0.00 -- 0.00 0.00 10.6M
Change In Account Payable -7.3M -- -46.0M -97.2M 49.9M
Change In Income Tax Payable -10,000 -- 384,000 -2.5M 977,000
Change In Prepaid Assets -5.5M -- 1.1M -533,000 -4.6M
Change In Tax Payable -10,000 -- 384,000 -2.5M 977,000
Depreciation 26.1M -- 27.3M 27.2M 37.7M
Gain Loss On Sale Of PPE -8,000 -- -9,000 -1,000 -76,000
Long Term Debt Issuance -- -- -- -- --
Long Term Debt Payments -18.0M -- -17.5M -105.3M -199.4M
Net Business Purchase And Sale 45,000 -- -- -- --
Net Foreign Currency Exchange Gain Loss -5.3M -- -12.3M 468,000 39.6M
Net Income From Continuing Operations 16.7M -- 32.4M 18.9M -49.4M
Net Long Term Debt Issuance 32.0M -- -17.5M -105.3M -199.4M
Net Short Term Debt Issuance -- -- -- -- --
Operating Gains Losses -5.3M -- -12.3M 467,000 39.5M
Preferred Stock Dividend Paid 0.00 -- 0.00 0.00 0.00
Sale Of PPE 7.1M -- 255,000 251,000 -969,000
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