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Cargojet Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 284.7M 238.2M 249.9M 293.2M 245.6M
Operating Revenue 268.9M 220.5M 230.4M 271.3M 225.3M
Cost Of Revenue 217.7M 188.7M 197.1M 219.6M 183.2M
Gross Profit 67.0M 49.5M 52.8M 73.6M 62.4M
Selling General And Administration 27.5M 23.5M 16.6M 25.0M 23.6M
General And Administrative Expense 27.5M 23.5M 16.6M 46.1M 23.6M
Depreciation And Amortization In Income Statement 400,000 400,000 500,000 400,000 500,000
Operating Expense 49.4M 23.9M 17.1M 25.4M 24.1M
Operating Income 17.6M 25.6M 35.7M 48.2M 38.3M
EBIT 44.6M 13.8M 61.9M 90.9M 48.9M
Interest Expense 11.7M 11.7M 12.0M 13.6M 12.7M
Interest Expense Non Operating 11.7M 11.7M 12.0M 13.6M 12.7M
Net Interest Income -11.7M -11.7M -12.0M -13.6M -12.7M
Other Income Expense 27.0M -11.8M 26.2M 42.7M 10.6M
Special Income Charges 20.8M -7.0M 900,000 -1.9M 100,000
Gain On Sale Of Security 6.1M -6.0M 25.0M 45.1M 10.2M
Earnings From Equity Interest 100,000 1.2M 300,000 -500,000 300,000
Pretax Income 32.9M 2.1M 49.9M 77.3M 36.2M
Tax Provision 6.3M 5.3M 1.9M 6.1M 6.5M
Tax Effect Of Unusual Items 5.2M -1.9M 986,172 3.4M 1.8M
Net Income From Continuing And Discontinued Operation 26.6M -3.2M 48.0M 71.2M 29.7M
Net Income From Continuing Operation Net Minority Interest 26.6M -3.2M 48.0M 71.2M 29.7M
Net Income Including Noncontrolling Interests 26.6M -3.2M 48.0M 71.2M 29.7M
Net Income Common Stockholders 26.6M -3.2M 48.0M 71.2M 29.7M
Net Income 26.6M -3.2M 48.0M 71.2M 29.7M
EBITDA 98.0M 62.9M 110.3M 139.1M 90.4M
Normalized EBITDA 71.1M 75.9M 84.4M 95.9M 80.1M
Reconciled Depreciation 53.4M 49.1M 48.4M 48.2M 41.5M
Basic EPS -- -0.21 3.07 -- 1.85
Diluted EPS -- -0.21 2.87 -- 1.78
Basic Average Shares -- 15.4M 15.6M -- 16.0M
Diluted Average Shares -- 15.4M 17.1M -- 18.2M
Total Unusual Items 26.9M -13.0M 25.9M 43.2M 10.3M
Total Unusual Items Excluding Goodwill 26.9M -13.0M 25.9M 43.2M 10.3M
Tax Rate For Calcs 0.19 0.15 0.04 0.08 0.18
Normalized Income 4.9M 7.8M 23.1M 31.4M 21.2M
Depreciation Amortization Depletion Income Statement 400,000 400,000 500,000 400,000 500,000
Depreciation Income Statement 400,000 400,000 500,000 400,000 500,000
Diluted NI Availto Com Stockholders 26.6M -3.2M 48.0M 71.2M 29.7M
Gain On Sale Of Ppe 100,000 0.00 900,000 0.00 100,000
Impairment Of Capital Assets 0.00 7.0M 0.00 1.5M 0.00
Net Income Continuous Operations 26.6M -3.2M 48.0M 71.2M 29.7M
Net Non Operating Interest Income Expense -11.7M -11.7M -12.0M -13.6M -12.7M
Other Gand A 7.7M 8.4M 7.7M -- --
Reconciled Cost Of Revenue 164.7M 140.0M 149.2M 171.8M 142.2M
Salaries And Wages 19.8M 15.1M 8.9M 18.1M 15.9M
Selling And Marketing Expense -- -- -- -- 7.7M
Total Expenses 267.1M 212.6M 214.2M 245.0M 207.3M
Line Item Q4 2025Dec 31, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 6.7M 5.0M 7.4M 1.5M 6.7M
Cash Cash Equivalents And Short Term Investments 6.7M 5.0M 7.4M 1.5M 6.7M
Cash Financial 6.7M 5.0M 7.4M 1.5M 6.7M
Accounts Receivable 91.8M 87.9M 85.5M 98.2M 102.2M
Receivables 187.7M 102.9M 94.9M 103.1M 106.1M
Inventory 4.5M 4.0M 2.8M 2.5M 1.9M
Prepaid Assets 38.1M 32.9M 10.2M 8.0M 9.5M
Current Assets 237.0M 213.8M 115.3M 115.1M 133.3M
Gross PPE 2.8B 2.7B 2.7B 2.6B 2.5B
Accumulated Depreciation -1.1B -979.7M -971.4M -934.1M -901.8M
Net PPE 1.7B 1.7B 1.7B 1.7B 1.6B
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 9.2M 8.0M 7.7M 8.2M
Long Term Equity Investment 9.9M 9.2M 8.0M 7.7M 8.2M
Total Non Current Assets 1.9B 1.9B 1.9B 1.8B 1.7B
Total Assets 2.1B 2.1B 2.0B 1.9B 1.9B
Current Debt -- 114.0M 15.2M 15.2M 114.3M
Current Debt And Capital Lease Obligation 25.7M 134.6M 33.1M 34.3M 134.2M
Accounts Payable 105.9M 90.8M 100.5M 142.6M 99.2M
Payables 105.9M 96.1M 105.9M 142.6M 104.8M
Payables And Accrued Expenses 105.9M 96.1M 105.9M 142.6M 104.8M
Other Current Liabilities 44.1M 45.5M 35.0M 20.7M --
Current Liabilities 193.0M 276.8M 174.0M 197.6M 239.0M
Long Term Debt 809.2M 752.8M 727.6M 636.4M 483.8M
Long Term Debt And Capital Lease Obligation 968.9M 825.1M 807.3M 720.8M 568.8M
Long Term Capital Lease Obligation 159.7M 72.3M 79.7M 84.4M 85.0M
Total Non Current Liabilities Net Minority Interest 1.2B 1.1B 1.0B 990.4M 905.5M
Total Liabilities Net Minority Interest 1.4B 1.3B 1.2B 1.2B 1.1B
Common Stock 567.0M 574.1M 590.4M 588.5M 603.1M
Capital Stock 567.0M 574.1M 590.4M 588.5M 603.1M
Additional Paid In Capital 1.3M 1.0M 900,000 2.1M 1.5M
Retained Earnings 161.0M 143.5M 175.9M 134.0M 94.6M
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 731.7M 780.3M 737.7M 712.3M
Stockholders Equity 742.4M 731.7M 780.3M 737.7M 712.3M
Total Equity Gross Minority Interest 742.4M 731.7M 780.3M 737.7M 712.3M
Total Capitalization 1.6B 1.5B 1.5B 1.4B 1.2B
Net Tangible Assets 692.1M 681.4M 730.0M 687.4M 662.0M
Tangible Book Value 692.1M 681.4M 730.0M 687.4M 662.0M
Working Capital 44.0M -63.0M -58.7M -82.5M -105.7M
Invested Capital 1.6B 1.6B 1.5B 1.4B 1.3B
Total Debt 994.6M 959.7M 840.4M 755.1M 703.0M
Net Debt 802.5M 861.8M 735.4M 650.1M 591.4M
Share Issued 14.9M 15.1M 15.5M 15.8M 15.9M
Ordinary Shares Number 14.9M 15.1M 15.5M 15.8M 15.9M
Assets Held For Sale Current -- 69.0M -- 0.00 0.00
Capital Lease Obligations 185.4M 92.9M 97.6M 103.5M 104.9M
Construction In Progress 84.2M 127.2M 210.4M 149.3M 100.0M
Current Capital Lease Obligation 25.7M 20.6M 17.9M 19.1M 19.9M
Derivative Product Liabilities 23.3M 22.6M 23.3M 62.9M 130.7M
Dividends Payable -- 5.3M 5.4M 0.00 5.6M
Employee Benefits 12.7M 26.5M 22.0M 26.7M 31.6M
Hedging Assets Current -- -- -- -- 9.1M
Investmentsin Associatesat Cost 9.9M 9.2M 8.0M 7.7M 8.2M
Leases 26.4M 25.9M 25.8M 26.0M 25.6M
Machinery Furniture Equipment 70.3M 69.6M 69.6M 68.8M 68.6M
Non Current Accounts Receivable 96.5M 84.3M 89.0M 94.9M 101.6M
Non Current Deferred Assets -- -- -- 0.00 0.00
Non Current Deferred Liabilities 193.1M 185.9M 180.6M 178.7M 172.6M
Non Current Deferred Taxes Assets -- -- -- 0.00 0.00
Non Current Deferred Taxes Liabilities 193.1M 185.9M 180.6M 178.7M 172.6M
Non Current Note Receivables -- 600,000 500,000 600,000 700,000
Non Current Prepaid Assets 15.2M 6.0M 6.0M 6.6M 7.0M
Notes Receivable 63.8M -- -- 0.00 --
Other Current Borrowings -- 114.0M 15.2M 15.2M 114.3M
Other Properties 581.3M 536.9M 510.9M 494.1M 473.6M
Other Receivables 32.1M 14.9M 9.3M 4.9M 3.8M
Pensionand Other Post Retirement Benefit Plans Current 17.3M 600,000 -- 0.00 --
Taxes Receivable -- 100,000 100,000 100,000 100,000
Tradeand Other Payables Non Current 0.00 400,000 900,000 1.3M 1.8M
Line Item Q4 2025Dec 31, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow 29.7M 28.0M 64.8M 103.6M 96.2M
Cash Flow From Continuing Operating Activities 29.7M 28.0M 64.8M 103.1M 96.2M
Depreciation And Amortization 53.4M 49.1M 48.4M 48.2M 41.5M
Depreciation Amortization Depletion 53.4M 49.1M 48.4M 48.2M 41.5M
Stock Based Compensation 300,000 3.8M -3.4M -4.4M 5.8M
Deferred Tax 6.3M 5.3M 1.9M 6.1M 6.5M
Deferred Income Tax 6.3M 5.3M 1.9M 6.1M 6.5M
Change In Working Capital -53.7M -42.1M -4.0M 10.8M 22.3M
Changes In Account Receivables -- -8.0M 8.2M 3.0M 2.2M
Change In Receivables -76.6M -8.0M 8.2M 3.0M 2.2M
Change In Inventory -800,000 -1.2M -300,000 -600,000 -100,000
Change In Payables And Accrued Expense -4.1M -10.2M -9.7M 5.9M 17.9M
Change In Payable -4.1M -10.2M -9.7M 5.9M 17.9M
Other Non Cash Items 11.4M 11.5M 10.9M 13.6M 10.8M
Capital Expenditure -78.8M -100.5M -111.9M -136.9M -52.2M
Purchase Of PPE -78.8M -100.5M -111.9M -136.9M -52.2M
Net PPE Purchase And Sale -75.2M -100.5M -110.7M -136.9M -48.4M
Investing Cash Flow -39.5M -100.5M -110.7M -136.9M -46.2M
Cash Flow From Continuing Investing Activities -39.5M -100.5M -110.7M -136.9M -46.2M
Issuance Of Debt 22.1M -- -- -- --
Repayment Of Debt 9.1M -42.3M -7.5M -39.1M -4.9M
Net Issuance Payments Of Debt 31.2M 115.7M 83.4M 45.1M -4.9M
Repurchase Of Capital Stock -14.8M -40.2M -31.6M -5.8M -38.0M
Net Common Stock Issuance -14.8M -40.2M -31.6M -5.8M -38.0M
Common Stock Dividend Paid -- -- -- -- --
Common Stock Payments -14.8M -40.2M -31.6M -5.8M -38.0M
Financing Cash Flow 12.8M 70.1M 51.8M 28.1M -47.9M
Cash Flow From Continuing Financing Activities 12.8M 70.1M 51.8M 28.6M -47.9M
Changes In Cash 3.0M -2.4M 5.9M -5.2M 2.1M
Beginning Cash Position 3.7M 7.4M 1.5M 6.7M 4.6M
End Cash Position 6.7M 5.0M 7.4M 1.5M 6.7M
Free Cash Flow -49.1M -72.5M -47.1M -33.3M 44.0M
Asset Impairment Charge 0.00 7.0M 0.00 1.5M 0.00
Cash Dividends Paid -5.3M -5.4M 0.00 -11.2M -5.0M
Change In Prepaid Assets 27.8M -22.7M -2.2M 2.5M 2.3M
Depreciation 53.4M -- -- 48.2M 41.5M
Earnings Losses From Equity Investments -100,000 -1.2M -300,000 500,000 -300,000
Gain Loss On Investment Securities -5.5M 9.9M -25.3M -38.1M -8.4M
Gain Loss On Sale Of PPE -100,000 0.00 0.00 0.00 -100,000
Interest Paid Cfo -8.7M -9.9M -10.0M -11.2M -10.1M
Long Term Debt Issuance 22.1M -- -- -- --
Long Term Debt Payments 9.1M -42.3M -7.5M -39.1M -4.9M
Net Foreign Currency Exchange Gain Loss -1.7M -3.7M -100,000 4.7M -1.0M
Net Income From Continuing Operations 26.6M -3.2M 48.0M 71.2M 29.7M
Net Long Term Debt Issuance 31.2M 115.7M 83.4M 45.1M -4.9M
Net Other Financing Charges 1.7M -- -- -- --
Net Other Investing Changes -- -- -- 0.00 --
Operating Gains Losses -5.9M 5.2M -25.7M -32.2M -9.8M
Pension And Employee Benefit Expense 700,000 -- -- 300,000 0.00
Sale Of PPE 3.6M 0.00 1.2M 0.00 3.8M
Taxes Refund Paid 0.00 -- -1.3M -- --
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