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Comet Industries Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Oct 31, 2025 Q3 2025Jul 31, 2025 Q2 2025Apr 30, 2025 Q1 2025Jan 31, 2025 Q4 2024Oct 31, 2024 Q3 2024Jul 31, 2024
Total Revenue 0.00 -- 0.00 3,238 0.00 0.00
Operating Revenue 0.00 -- 0.00 3,238 0.00 0.00
Cost Of Revenue 45,924 68,988 32,877 64,789 42,830 --
Gross Profit -45,924 -68,988 -32,877 -61,551 -42,830 --
Selling General And Administration 91,652 136,416 204,441 128,709 57,329 --
General And Administrative Expense 81,916 121,233 204,441 128,529 57,329 --
Research And Development 0.00 -- 0.00 0.00 0.00 0.00
Depreciation And Amortization In Income Statement 3,524 -- 3,524 3,524 675.00 675.00
Other Operating Expenses 5,682 -- 9,546 794.00 6,062 3,151
Operating Expense 100,858 145,904 217,511 133,027 64,066 --
Operating Income -146,782 -214,892 -250,388 -194,578 -106,896 --
EBIT -134,891 -229,835 -201,829 -31,870 -29,546 --
Interest Expense 602.00 8,527 686.00 843.00 0.00 --
Interest Expense Non Operating 602.00 8,527 686.00 843.00 0.00 --
Interest Income 9,646 -- 51,936 74,844 77,437 42,065
Interest Income Non Operating 9,646 -- 51,936 74,844 77,437 42,065
Net Interest Income 8,920 -- 51,156 74,001 77,350 21,978
Other Income Expense 2,369 -6,389 -3,283 -125,238 -- -18,971
Special Income Charges 1,479 -6,271 -- -17,882 0.00 -18,971
Earnings From Equity Interest 890.00 -- -3,283 -117,203 0.00 0.00
Pretax Income -135,493 -- -202,515 -245,815 -29,546 -131,588
Tax Provision -654.00 -- -- -- 0.00 --
Tax Effect Of Unusual Items 7.14 -- 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -134,839 -- -202,515 -163,815 -29,546 -131,588
Net Income From Continuing Operation Net Minority Interest -134,839 -- -202,515 -163,815 -29,546 -131,588
Net Income Including Noncontrolling Interests -134,839 -- -202,515 -163,815 -29,546 -131,588
Net Income Common Stockholders -134,839 -- -202,515 -163,815 -29,546 -131,588
Net Income -134,839 -- -202,515 -163,815 -29,546 -131,588
EBITDA -131,367 -226,312 -198,305 -28,346 -28,871 --
Normalized EBITDA -132,846 -220,041 -198,305 -20,311 -28,871 --
Reconciled Depreciation 3,524 -- 3,524 3,524 675.00 675.00
Basic EPS -0.03 -- -0.04 -- -0.01 -0.03
Diluted EPS -0.03 -- -0.04 -- -0.01 -0.03
Basic Average Shares 4.8M -- 4.8M -- 4.8M 4.8M
Diluted Average Shares 5.0M -- 4.9M -- 4.9M 4.9M
Total Unusual Items 1,479 -6,271 -- -8,035 0.00 -18,971
Total Unusual Items Excluding Goodwill 1,479 -6,271 -- -8,035 0.00 -18,971
Tax Rate For Calcs 0.00 -- 0.00 0.00 0.00 0.00
Normalized Income -136,311 -232,090 -202,515 -155,780 -29,546 --
Amortization -- -- -- 3,524 675.00 675.00
Amortization Of Intangibles Income Statement -- -- -- 3,524 675.00 675.00
Depreciation Amortization Depletion Income Statement 3,524 -- 3,524 3,524 675.00 675.00
Diluted NI Availto Com Stockholders -134,839 -- -202,515 -163,815 -29,546 -131,588
Impairment Of Capital Assets -- -- -- -- -- 0.00
Insurance And Claims -- -- -- 0.00 0.00 18,971
Net Income Continuous Operations -134,839 -- -202,515 -163,815 -29,546 -131,588
Net Non Operating Interest Income Expense 8,920 -- 51,156 74,001 77,350 21,978
Other Gand A 65,691 102,574 37,300 102,297 35,385 --
Other Special Charges -1,479 6,271 -- -- -- 18,971
Reconciled Cost Of Revenue 45,924 68,989 32,877 64,789 42,830 --
Rent And Landing Fees 3,300 -- 3,300 3,300 3,300 --
Rent Expense Supplemental 3,300 -- 3,300 3,300 3,300 --
Salaries And Wages 12,925 -- 163,841 22,932 18,644 21,225
Selling And Marketing Expense 9,736 -- -- -- 0.00 --
Total Expenses 146,782 214,892 250,388 197,816 106,896 --
Total Operating Income As Reported -- -- -251,168 -- -106,983 -173,653
Total Other Finance Cost 124.00 8,554 94.00 -19,884 87.00 --
Line Item Q4 2025Oct 31, 2025 Q3 2025Jul 31, 2025 Q2 2025Apr 30, 2025 Q1 2025Jan 31, 2025 Q4 2024Oct 31, 2024 Q3 2024Jul 31, 2024
Cash And Cash Equivalents 1.0M -- 3.6M 3.8M 4.4M 7.0M
Cash Cash Equivalents And Short Term Investments 1.0M -- 3.6M 3.8M 4.4M 7.0M
Cash Equivalents -- -- -- 3.3M -- --
Cash Financial -- -- -- 462,492 -- --
Receivables 32,656 -- 159,264 310,875 442,986 220,909
Prepaid Assets 8,043 -- 27,286 0.00 14,470 46,297
Other Current Assets -- -- -- 3.00 -- --
Current Assets 1.1M -- 3.8M 4.1M 4.9M 7.3M
Gross PPE 7.7M -- 4.2M 4.0M 3.1M 1.2M
Accumulated Depreciation -4,725 -- -3,375 -- -2,025 -1,350
Net PPE 7.7M -- 4.2M 4.0M 3.1M 1.2M
Investments And Advances 105,432 -- 104,660 107,943 225,146 225,146
Long Term Equity Investment 105,432 -- 104,660 107,943 225,146 225,146
Total Non Current Assets 9.5M -- 6.0M 5.8M 5.0M 3.1M
Total Assets 10.6M -- 9.8M 9.9M 9.9M 10.4M
Current Debt And Capital Lease Obligation 2,684 -- 7,924 10,480 -- --
Accounts Payable 1.3M -- 98,500 191,350 21,970 541,245
Payables 1.3M -- 98,500 191,350 21,970 541,245
Payables And Accrued Expenses 1.3M -- 98,500 191,350 21,970 541,245
Current Liabilities 1.3M -- 106,424 201,830 21,970 541,245
Long Term Debt And Capital Lease Obligation 32,581 -- 32,581 32,581 -- --
Long Term Capital Lease Obligation 32,581 -- 32,581 32,581 -- --
Other Non Current Liabilities -1.00 -- -1.00 -- -- --
Total Non Current Liabilities Net Minority Interest 32,580 -- 32,580 32,581 0.00 0.00
Total Liabilities Net Minority Interest 1.3M -- 139,004 234,411 21,970 541,245
Common Stock 3.8M -- 3.8M 3.8M 3.8M 3.8M
Capital Stock 3.8M -- 3.8M 3.8M 3.8M 3.8M
Retained Earnings 4.4M -- 4.8M 5.0M 5.2M 5.2M
Common Stock Equity 9.2M -- 9.6M 9.7M 9.8M 9.8M
Stockholders Equity 9.2M -- 9.6M 9.7M 9.8M 9.8M
Total Equity Gross Minority Interest 9.2M -- 9.6M 9.7M 9.8M 9.8M
Total Capitalization 9.2M -- 9.6M 9.7M 9.8M 9.8M
Net Tangible Assets 9.2M -- 9.6M 9.7M 9.8M 9.8M
Tangible Book Value 9.2M -- 9.6M 9.7M 9.8M 9.8M
Working Capital -225,860 -- 3.7M 3.9M 4.8M 6.8M
Invested Capital 9.2M -- 9.6M 9.7M 9.8M 9.8M
Total Debt 35,265 -- 40,505 43,061 -- --
Share Issued 4.8M -- 4.8M 4.8M 4.7M 4.7M
Ordinary Shares Number 4.8M -- 4.8M 4.8M 4.7M 4.7M
Accrued Interest Receivable 0.00 -- 70,903 19,987 274,175 220,909
Capital Lease Obligations 35,265 -- 40,505 43,061 -- --
Construction In Progress 7.7M -- 4.1M 4.0M 3.1M 1.1M
Current Capital Lease Obligation 2,684 -- 7,924 10,480 -- --
Income Tax Payable -- -- -- 0.00 0.00 0.00
Investment Properties 1.7M -- 1.7M 1.7M 1.7M 1.7M
Investmentsin Associatesat Cost 105,432 -- 104,660 107,943 225,146 225,146
Machinery Furniture Equipment 18,000 -- 18,000 -- 18,000 18,000
Other Equity Interest 990,395 -- 990,395 844,619 835,604 826,590
Other Properties 34,182 -- 39,879 58,027 -- --
Taxes Receivable 32,656 -- 88,361 290,888 168,811 --
Total Tax Payable -- -- -- 0.00 0.00 0.00
Line Item Q4 2025Oct 31, 2025 Q3 2025Jul 31, 2025 Q2 2025Apr 30, 2025 Q1 2025Jan 31, 2025 Q4 2024Oct 31, 2024 Q3 2024Jul 31, 2024
Operating Cash Flow -916,090 -- -17,764 290,652 -729,383 -827,964
Cash Flow From Continuing Operating Activities -869,090 -- -17,764 290,652 -729,383 -827,964
Depreciation And Amortization 3,524 -- 3,524 3,524 675.00 675.00
Depreciation Amortization Depletion 3,524 -- 3,524 3,524 675.00 675.00
Stock Based Compensation 0.00 -- 145,776 9,015 9,014 9,014
Change In Working Capital -762,739 -- 82,392 136,774 -656,260 -663,999
Changes In Account Receivables -- -- -- -- 0.00 --
Change In Receivables -- -- 202,527 -55,307 -168,811 --
Change In Payables And Accrued Expense -772,537 -- -92,849 177,611 -519,276 -622,582
Change In Payable -772,537 -- -- 24,718 -- -622,582
Other Non Cash Items -21,146 -- -50,224 179,916 -53,266 -42,066
Capital Expenditure -- -- -- -- -- -602,101
Purchase Of PPE -- -- -- -- -- -602,101
Net PPE Purchase And Sale -- -- -- -- -- -602,101
Investing Cash Flow -717,320 -- -182,152 -898,334 -1.9M -602,101
Cash Flow From Continuing Investing Activities -717,320 -- -182,152 -898,334 -1.9M -602,101
Repayment Of Debt 0.00 -- -3,243 -3,243 0.00 0.00
Net Issuance Payments Of Debt 0.00 -- -3,243 -3,243 0.00 0.00
Financing Cash Flow 0.00 -- -3,243 -3,243 0.00 0.00
Cash Flow From Continuing Financing Activities 0.00 -- -3,243 -3,243 0.00 0.00
Changes In Cash -1.6M -- -203,167 -610,925 -2.6M -1.4M
Beginning Cash Position 2.7M -- 3.8M 4.4M 7.0M 8.5M
End Cash Position 1.0M -- 3.6M 3.8M 4.4M 7.0M
Free Cash Flow -916,090 -- -17,764 290,652 -729,383 -1.4M
Interest Paid Supplemental Data 0.00 -- -- -- -- 20,000
Amortization Cash Flow -- -- -- -- -- 675.00
Amortization Of Intangibles -- -- -- -- -- 675.00
Change In Account Payable -987,230 -- -- -- -- 437,418
Change In Accrued Expense -- -- -- -- -519,276 --
Change In Income Tax Payable 214,693 -- -- 0.00 0.00 -1.1M
Change In Prepaid Assets 9,798 -- -27,286 14,470 31,827 -41,417
Change In Tax Payable 214,693 -- -- 0.00 0.00 -1.1M
Depreciation 3,524 -- 3,524 3,524 675.00 675.00
Earnings Losses From Equity Investments -890.00 -- 3,283 117,203 0.00 0.00
Gain Loss On Investment Securities -- -- -- 8,035 -- --
Long Term Debt Payments 0.00 -- -3,243 -3,243 0.00 0.00
Net Income From Continuing Operations -134,839 -- -202,515 -163,815 -29,546 -131,588
Net Investment Properties Purchase And Sale -714,679 -- -182,152 -898,334 -1.9M 0.00
Net Long Term Debt Issuance 0.00 -- -3,243 -3,243 0.00 0.00
Net Other Investing Changes -2,641 -- -- -- -- --
Operating Gains Losses -890.00 -- 3,283 125,238 -- --
Purchase Of Investment Properties -714,679 -- -182,152 -888,898 -1.9M 0.00
Sale Of Investment Properties 0.00 -- 0.00 -9,436 0.00 0.00
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