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Cargojet Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 992.7M 1.0B 877.5M 979.9M 757.8M
Operating Revenue 922.4M 911.2M 809.2M 936.7M 730.6M
Cost Of Revenue 793.8M 775.0M 739.4M 732.4M 525.4M
Gross Profit 198.9M 225.8M 138.1M 247.5M 232.4M
Selling General And Administration 84.6M 88.8M 71.4M 72.9M 57.0M
General And Administrative Expense 84.6M 88.8M 71.4M 70.2M 56.2M
Depreciation And Amortization In Income Statement 1.8M 1.8M 2.0M 2.2M 2.1M
Other Operating Expenses 21.5M -- -- -- --
Operating Expense 107.9M 90.6M 73.4M 75.1M 59.1M
Operating Income 91.0M 135.2M 64.7M 172.4M 173.3M
EBIT 144.3M 194.5M 108.5M 253.6M 231.7M
Interest Expense 49.7M 56.8M 56.8M 33.6M 30.9M
Interest Expense Non Operating 49.7M 56.8M 56.8M 33.6M 30.9M
Net Interest Income -49.7M -56.8M -56.8M -33.6M -30.9M
Other Income Expense 53.3M 59.3M 43.8M 81.2M 58.4M
Special Income Charges 14.7M 14.4M -6.9M 700,000 -4.5M
Gain On Sale Of Security 36.4M 44.5M 50.8M 82.5M 62.9M
Earnings From Equity Interest 2.2M 400,000 -100,000 -2.0M 0.00
Pretax Income 94.6M 137.7M 51.7M 220.0M 200.8M
Tax Provision 14.4M 29.3M 14.4M 29.4M 33.4M
Tax Effect Of Unusual Items 7.8M 12.5M 12.2M 11.1M 9.7M
Net Income From Continuing And Discontinued Operation 80.2M 108.4M 37.3M 190.6M 167.4M
Net Income From Continuing Operation Net Minority Interest 80.2M 108.4M 37.3M 190.6M 167.4M
Net Income Including Noncontrolling Interests 80.2M 108.4M 37.3M 190.6M 167.4M
Net Income Common Stockholders 80.2M 108.4M 37.3M 190.6M 167.4M
Net Income 80.2M 108.4M 37.3M 190.6M 167.4M
EBITDA 351.4M 383.7M 287.0M 395.8M 348.1M
Normalized EBITDA 300.3M 324.8M 243.1M 312.6M 289.7M
Reconciled Depreciation 207.1M 189.2M 178.5M 142.2M 116.4M
Basic EPS 5.24 6.68 2.17 11.04 9.73
Diluted EPS 5.24 6.68 2.17 10.15 9.51
Basic Average Shares 15.3M 16.2M 17.2M 17.3M 17.2M
Diluted Average Shares 15.3M 16.2M 17.2M 20.3M 17.6M
Total Unusual Items 51.1M 58.9M 43.9M 83.2M 58.4M
Total Unusual Items Excluding Goodwill 51.1M 58.9M 43.9M 83.2M 58.4M
Tax Rate For Calcs 0.15 0.21 0.28 0.13 0.17
Normalized Income 36.9M 62.0M 5.6M 118.5M 118.7M
Average Dilution Earnings 0.00 0.00 0.00 14.7M --
Depreciation Amortization Depletion Income Statement 1.8M 1.8M 2.0M 2.2M 2.1M
Depreciation Income Statement 1.8M 1.8M 2.0M 2.2M 2.1M
Diluted NI Availto Com Stockholders 80.2M 108.4M 37.3M 205.3M 167.4M
Gain On Sale Of Ppe 1.0M 17.4M -2.8M 700,000 300,000
Impairment Of Capital Assets 7.0M 2.6M 15.8M 0.00 0.00
Net Income Continuous Operations 80.2M 108.4M 37.3M 190.6M 167.4M
Net Non Operating Interest Income Expense -49.7M -56.8M -56.8M -33.6M -30.9M
Other Gand A 29.3M 28.0M 27.1M 25.3M 19.2M
Other Special Charges -20.7M 400,000 -11.7M 100,000 4.8M
Reconciled Cost Of Revenue 588.5M 587.6M 562.9M 592.4M 411.1M
Salaries And Wages 55.3M 60.8M 44.3M 44.9M 37.0M
Selling And Marketing Expense -- -- 2.5M 2.7M 800,000
Total Expenses 901.7M 865.6M 812.8M 807.5M 584.5M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 6.7M 1.5M 31.8M 6.1M 94.7M
Cash Cash Equivalents And Short Term Investments 6.7M 1.5M 31.8M 6.1M 94.7M
Cash Financial 6.7M 1.5M 31.8M 6.1M 94.7M
Accounts Receivable 91.8M 98.2M 113.7M 78.4M 68.0M
Receivables 187.7M 103.1M 119.2M 95.7M 75.1M
Inventory 4.5M 2.5M 2.6M 3.3M 2.2M
Prepaid Assets 38.1M 8.0M 8.6M 11.0M 5.2M
Current Assets 237.0M 115.1M 278.1M 116.1M 199.9M
Gross PPE 2.8B 2.6B 2.4B 2.3B 1.7B
Accumulated Depreciation -1.1B -934.1M -803.2M -643.6M -533.6M
Net PPE 1.7B 1.7B 1.6B 1.6B 1.2B
Goodwill 48.3M 48.3M 48.3M 48.3M 48.3M
Goodwill And Other Intangible Assets 50.3M 50.3M 50.3M 50.3M 50.3M
Other Intangible Assets 2.0M 2.0M 2.0M 2.0M 2.0M
Investments And Advances 9.9M 7.7M 7.3M 7.4M 9.4M
Long Term Equity Investment 9.9M 7.7M 7.3M 7.4M 9.4M
Total Non Current Assets 1.9B 1.8B 1.8B 1.9B 1.3B
Total Assets 2.1B 1.9B 2.0B 2.0B 1.5B
Current Debt -- 15.2M -- -- --
Current Debt And Capital Lease Obligation 25.7M 34.3M 22.9M 31.4M 22.0M
Accounts Payable 105.9M 142.6M 147.0M 100.4M 71.5M
Payables 105.9M 142.6M 152.3M 105.3M 76.0M
Payables And Accrued Expenses 105.9M 142.6M 152.3M 105.3M 76.0M
Other Current Liabilities 44.1M 20.7M 11.1M 13.8M --
Current Liabilities 193.0M 197.6M 186.3M 150.5M 98.0M
Long Term Debt 809.2M 636.4M 680.1M 618.0M 307.2M
Long Term Debt And Capital Lease Obligation 968.9M 720.8M 776.3M 675.6M 376.6M
Long Term Capital Lease Obligation 159.7M 84.4M 96.2M 57.6M 69.4M
Total Non Current Liabilities Net Minority Interest 1.2B 990.4M 1.1B 1.0B 715.2M
Total Liabilities Net Minority Interest 1.4B 1.2B 1.3B 1.2B 813.2M
Common Stock 567.0M 588.5M 609.8M 650.9M 655.2M
Capital Stock 567.0M 588.5M 609.8M 650.9M 655.2M
Additional Paid In Capital 1.3M 2.1M 800,000 700,000 300,000
Retained Earnings 161.0M 134.0M 160.8M 166.8M 7.8M
Gains Losses Not Affecting Retained Earnings 13.1M 13.1M 13.1M 13.1M 13.1M
Other Equity Adjustments 13.1M 13.1M 13.1M 13.1M 13.1M
Common Stock Equity 742.4M 737.7M 784.5M 831.5M 676.4M
Stockholders Equity 742.4M 737.7M 784.5M 831.5M 676.4M
Total Equity Gross Minority Interest 742.4M 737.7M 784.5M 831.5M 676.4M
Total Capitalization 1.6B 1.4B 1.5B 1.4B 983.6M
Net Tangible Assets 692.1M 687.4M 734.2M 781.2M 626.1M
Tangible Book Value 692.1M 687.4M 734.2M 781.2M 626.1M
Working Capital 44.0M -82.5M 91.8M -34.4M 101.9M
Invested Capital 1.6B 1.4B 1.5B 1.4B 983.6M
Total Debt 994.6M 755.1M 799.2M 707.0M 398.6M
Net Debt 802.5M 650.1M 648.3M 611.9M 212.5M
Share Issued 14.9M 15.8M 16.9M 17.2M 17.3M
Ordinary Shares Number 14.9M 15.8M 16.9M 17.2M 17.3M
Assets Held For Sale Current -- 0.00 115.9M 0.00 --
Capital Lease Obligations 185.4M 103.5M 119.1M 89.0M 91.4M
Construction In Progress 84.2M 149.3M 72.8M 383.1M 153.4M
Current Capital Lease Obligation 25.7M 19.1M 22.9M 31.4M 22.0M
Derivative Product Liabilities 23.3M 62.9M 110.1M 154.8M 172.4M
Dividends Payable -- 0.00 5.3M 4.9M 4.5M
Employee Benefits 12.7M 26.7M 21.3M 31.0M 50.9M
Hedging Assets Current -- -- -- 0.00 22.7M
Investmentsin Associatesat Cost 9.9M 7.7M 7.3M 7.4M 9.4M
Leases 26.4M 26.0M 25.4M 25.2M 24.9M
Machinery Furniture Equipment 70.3M 68.8M 66.3M 65.6M 55.1M
Non Current Accounts Receivable 96.5M 94.9M 119.0M 156.1M 61.1M
Non Current Deferred Assets -- 0.00 5.4M 3.1M 3.1M
Non Current Deferred Liabilities 193.1M 178.7M 154.8M 138.1M 108.7M
Non Current Deferred Taxes Assets -- 0.00 5.4M 3.1M 3.1M
Non Current Deferred Taxes Liabilities 193.1M 178.7M 154.8M 138.1M 108.7M
Non Current Note Receivables -- 600,000 2.9M 2.6M 0.00
Non Current Prepaid Assets 15.2M 6.6M 6.3M 7.1M 5.9M
Notes Receivable 63.8M 0.00 -- -- --
Other Current Borrowings -- 15.2M -- -- --
Other Properties 581.3M 494.1M 432.8M 369.0M 297.5M
Other Receivables 32.1M 4.9M 5.4M 17.2M 7.0M
Pensionand Other Post Retirement Benefit Plans Current 17.3M 0.00 -- -- --
Taxes Receivable -- 100,000 100,000 100,000 100,000
Tradeand Other Payables Non Current 0.00 1.3M 3.0M 4.8M 6.6M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 234.6M 328.6M 191.9M 280.5M 231.2M
Cash Flow From Continuing Operating Activities 234.6M 328.6M 191.9M 280.5M 231.2M
Depreciation And Amortization 207.1M 189.2M 178.5M 142.2M 116.4M
Depreciation Amortization Depletion 207.1M 189.2M 178.5M 142.2M 116.4M
Stock Based Compensation 4.3M 9.7M 13.9M -4.1M -11.6M
Deferred Tax 14.4M 29.3M 14.4M 29.4M 33.4M
Deferred Income Tax 14.4M 29.3M 14.4M 29.4M 33.4M
Change In Working Capital -45.5M 40.2M -39.2M -13.1M -27.5M
Changes In Account Receivables -- 16.1M -23.5M -20.6M --
Change In Receivables -21.0M 16.1M -28.9M -22.6M -32.9M
Change In Inventory -2.0M 100,000 700,000 -1.1M -700,000
Change In Payables And Accrued Expense -15.1M 23.1M -14.2M 17.6M 5.1M
Change In Payable -15.1M 23.1M -14.2M 17.6M 5.1M
Other Non Cash Items 48.3M 44.6M 64.1M 35.6M 38.2M
Capital Expenditure -358.7M -250.0M -266.7M -611.2M -277.6M
Purchase Of PPE -358.7M -250.0M -266.7M -611.2M -277.6M
Net PPE Purchase And Sale -349.6M -144.9M -139.7M -610.5M -277.3M
Purchase Of Business -- -- -- 0.00 -9.4M
Sale Of Investment -- -- -- 0.00 6.3M
Net Investment Purchase And Sale -- -- -- 0.00 6.3M
Investing Cash Flow -349.6M -142.7M -127.5M -613.1M -280.4M
Cash Flow From Continuing Investing Activities -349.6M -142.7M -127.5M -613.1M -280.4M
Issuance Of Debt 271.0M 84.2M 145.5M 308.4M 0.00
Repayment Of Debt -151.7M -146.0M -129.0M -28.5M -189.7M
Net Issuance Payments Of Debt 119.3M -61.8M 16.5M 279.9M -189.7M
Issuance Of Capital Stock -- -- -- 0.00 349.8M
Repurchase Of Capital Stock -86.6M -127.7M -35.5M -16.7M 0.00
Net Common Stock Issuance -86.6M -127.7M -35.5M -16.7M 349.8M
Common Stock Dividend Paid -- -26.7M -19.7M -18.9M -17.1M
Common Stock Payments -86.6M -127.7M -35.5M -16.7M 0.00
Financing Cash Flow 120.2M -216.2M -38.7M 244.0M 140.2M
Cash Flow From Continuing Financing Activities 120.2M -216.2M -38.7M 244.0M 140.2M
Changes In Cash 5.2M -30.3M 25.7M -88.6M 91.0M
Beginning Cash Position 1.5M 31.8M 6.1M 94.7M 3.7M
End Cash Position 6.7M 1.5M 31.8M 6.1M 94.7M
Free Cash Flow -124.1M 78.6M -74.8M -330.7M -46.4M
Amortization Cash Flow -- 2.0M -- -- --
Amortization Of Intangibles -- 2.0M -- -- --
Asset Impairment Charge 7.0M 2.6M 15.8M 0.00 0.00
Cash Dividends Paid -16.0M -26.7M -19.7M -18.9M -17.1M
Change In Prepaid Assets -7.4M 900,000 3.2M -7.0M 1.0M
Common Stock Issuance -- -- -- 0.00 349.8M
Depreciation 207.1M 189.2M 178.5M 142.2M 116.4M
Earnings Losses From Equity Investments -2.2M -400,000 100,000 2.0M 0.00
Gain Loss On Investment Securities -32.8M -37.6M -47.4M -85.6M -63.4M
Gain Loss On Sale Of PPE -1.0M -17.4M 2.8M -700,000 -300,000
Interest Paid Cfo -40.8M -46.6M -46.5M -24.1M -20.0M
Long Term Debt Issuance 271.0M 84.2M 145.5M 308.4M 0.00
Long Term Debt Payments -151.7M -146.0M -129.0M -28.5M -189.7M
Net Business Purchase And Sale -- -- -- 0.00 -9.4M
Net Foreign Currency Exchange Gain Loss -4.8M 6.4M -2.8M 4.4M -1.2M
Net Income From Continuing Operations 80.2M 108.4M 37.3M 190.6M 167.4M
Net Long Term Debt Issuance 119.3M -61.8M 16.5M 279.9M -189.7M
Net Other Financing Charges 103.5M -- -900,000 -300,000 -2.8M
Net Other Investing Changes -- 2.2M 12.2M -2.6M 6.3M
Operating Gains Losses -39.1M -48.3M -46.4M -76.0M -65.1M
Pension And Employee Benefit Expense 900,000 300,000 400,000 3.9M -5.0M
Proceeds From Stock Option Exercised -- -- -- -- -13.8M
Sale Of PPE 9.1M 105.1M 127.0M 700,000 300,000
Taxes Refund Paid -1.3M -500,000 -- -- --
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