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Cavvy Energy Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 222.8M 377.5M 519.0M 353.2M
Operating Revenue 222.1M 372.5M 519.0M 353.2M
Cost Of Revenue 81.2M 70.9M 131.6M 79.8M
Gross Profit 141.5M 306.6M 387.4M 273.4M
Selling General And Administration 25.8M 24.5M 29.4M 26.4M
General And Administrative Expense 25.8M 24.5M 29.4M 26.4M
Research And Development -- 0.00 -4.5M 4.8M
Other Operating Expenses 206.1M 245.6M 243.8M 237.7M
Operating Expense 231.9M 270.1M 268.7M 268.8M
Operating Income -90.4M 36.5M 118.7M 4.5M
EBIT -30.2M 29.8M 98.0M -6.3M
Interest Expense 25.1M 24.7M 30.3M 33.5M
Interest Expense Non Operating 25.1M 24.7M 30.3M 33.5M
Interest Income -- -- -- 19,000
Interest Income Non Operating -- -- -- 19,000
Net Interest Income -30.2M -35.0M -51.4M -40.6M
Other Income Expense 65.3M 3.7M 393,000 -3.7M
Other Non Operating Income Expenses -- 35.1M 31.2M 18.6M
Special Income Charges 10.4M -6.9M 0.00 0.00
Gain On Sale Of Security 55.0M 10.5M 393,000 -17,000
Earnings From Equity Interest -- -- 0.00 -3.7M
Pretax Income -55.3M 5.1M 67.7M -39.8M
Tax Provision -16.4M -3.9M -78.9M 0.00
Tax Effect Of Unusual Items 19.3M 1.5M 103,005 0.00
Net Income From Continuing And Discontinued Operation -38.9M 9.0M 146.6M -39.7M
Net Income From Continuing Operation Net Minority Interest -38.9M 9.0M 146.6M -39.7M
Net Income Including Noncontrolling Interests -38.9M 9.0M 146.6M -39.8M
Minority Interests -- 0.00 -36,000 114,000
Net Income Common Stockholders -38.9M 9.0M 146.6M -39.7M
Net Income -38.9M 9.0M 146.6M -39.7M
EBITDA 29.4M 91.4M 154.2M 42.1M
Normalized EBITDA -35.9M 87.7M 153.8M 42.1M
Reconciled Depreciation 59.6M 61.5M 56.2M 48.4M
Basic EPS -0.20 0.06 0.84 -0.23
Diluted EPS -0.20 0.04 0.82 -0.23
Basic Average Shares 191.5M 159.0M 175.4M 174.7M
Diluted Average Shares 191.5M 162.9M 178.5M 174.7M
Total Unusual Items 65.3M 3.7M 393,000 -17,000
Total Unusual Items Excluding Goodwill 65.3M 3.7M 393,000 -17,000
Tax Rate For Calcs 0.30 0.40 0.26 0.00
Normalized Income -84.9M 6.8M 146.3M -39.7M
Average Dilution Earnings 0.00 -2.3M 0.00 --
Diluted NI Availto Com Stockholders -38.9M 6.7M 146.6M -39.7M
Gain On Sale Of Ppe 10.4M 0.00 -- --
Impairment Of Capital Assets -- -- -- 0.00
Net Income Continuous Operations -38.9M 9.0M 146.6M -39.8M
Net Non Operating Interest Income Expense -30.2M -35.0M -51.4M -40.6M
Other Gand A 23.4M 23.4M 28.0M 25.9M
Other Special Charges -- 6.9M -- --
Reconciled Cost Of Revenue 81.2M 70.9M 131.6M 79.8M
Salaries And Wages 2.4M 1.1M 1.4M 508,000
Total Expenses 313.2M 341.0M 400.4M 348.7M
Total Other Finance Cost 5.1M 10.3M 21.1M 7.1M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 8.6M 18.3M 22.3M 26.2M
Cash Cash Equivalents And Short Term Investments 8.6M 18.3M 22.3M 26.2M
Accounts Receivable 50.2M 61.5M 74.5M 49.6M
Receivables 50.2M 61.5M 74.5M 49.6M
Inventory 3.8M 3.7M 3.1M 2.5M
Prepaid Assets -- 9.6M 8.1M 5.1M
Other Current Assets 7.1M 9.6M 505,000 --
Current Assets 114.0M 143.1M 126.7M 84.8M
Gross PPE 700.2M 661.8M 556.8M 669.1M
Accumulated Depreciation -308.9M -249.4M -147.2M -132.0M
Net PPE 391.2M 412.4M 409.6M 537.2M
Other Non Current Assets -- -- -- 600,000
Total Non Current Assets 498.4M 495.4M 488.5M 537.8M
Total Assets 612.4M 638.5M 615.2M 622.5M
Current Debt 9.9M 30.7M 203.3M 21.7M
Current Debt And Capital Lease Obligation 11.6M 32.8M 205.1M 23.2M
Accounts Payable 95.8M 121.9M 116.8M 143.8M
Payables 95.8M 121.9M 116.8M 143.8M
Payables And Accrued Expenses 95.8M 121.9M 116.8M 143.8M
Other Current Liabilities 2.8M 4.2M 16.7M --
Current Liabilities 117.1M 163.9M 343.4M 172.4M
Long Term Debt 157.9M 141.5M -- 209.9M
Long Term Debt And Capital Lease Obligation 160.9M 142.9M 1.8M 211.1M
Long Term Capital Lease Obligation 3.0M 1.5M 1.8M 1.2M
Total Non Current Liabilities Net Minority Interest 326.9M 300.3M 157.1M 483.3M
Total Liabilities Net Minority Interest 444.0M 464.1M 500.5M 655.8M
Common Stock 306.3M 275.9M 275.9M 274.3M
Capital Stock 306.3M 275.9M 275.9M 274.3M
Additional Paid In Capital 13.6M 13.2M 12.8M 12.9M
Retained Earnings -208.0M -168.8M -177.8M -324.3M
Gains Losses Not Affecting Retained Earnings 55.2M 53.0M 2.8M 3.0M
Common Stock Equity 168.4M 174.7M 115.1M -32.8M
Stockholders Equity 168.4M 174.7M 115.1M -32.8M
Total Equity Gross Minority Interest 168.4M 174.4M 114.8M -33.2M
Minority Interest 0.00 -341,000 -341,000 -377,000
Total Capitalization 326.3M 316.2M 115.1M 177.1M
Net Tangible Assets 168.4M 174.7M 115.1M -32.8M
Tangible Book Value 168.4M 174.7M 115.1M -32.8M
Working Capital -3.2M -20.8M -216.7M -87.7M
Invested Capital 336.2M 347.0M 318.4M 198.7M
Total Debt 172.5M 175.7M 206.9M 234.3M
Net Debt 159.2M 153.9M 181.0M 205.4M
Share Issued 290.4M 176.3M 176.2M 174.7M
Ordinary Shares Number 290.4M 176.3M 176.2M 174.7M
Assets Held For Sale Current -- 0.00 17.7M 0.00
Capital Lease Obligations 4.7M 3.5M 3.7M 2.7M
Current Capital Lease Obligation 1.7M 2.0M 1.8M 1.5M
Current Provisions 7.0M 5.0M 4.7M 5.4M
Financial Assets 23.5M 15.1M 0.00 --
Hedging Assets Current 44.2M 49.3M 251,000 --
Long Term Provisions 165.2M 156.9M 154.8M 269.1M
Non Current Deferred Assets 83.6M 67.9M 78.9M 0.00
Non Current Deferred Taxes Assets 83.6M 67.9M 78.9M 0.00
Other Current Borrowings 9.9M 30.7M 203.3M 21.7M
Other Equity Interest 1.3M 1.3M 1.3M 1.3M
Other Payable -- -- -- 1.5M
Other Properties 700.2M 661.8M 556.8M 669.1M
Restricted Cash 188,000 670,000 670,000 1.3M
Tradeand Other Payables Non Current 727,000 401,000 509,000 3.1M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 7.1M 104.2M 88.2M 51.1M
Cash Flow From Continuing Operating Activities 7.1M 104.2M 88.2M 51.1M
Depreciation And Amortization 59.6M 61.5M 56.2M --
Depreciation Amortization Depletion 59.6M 61.5M 56.2M 48.4M
Stock Based Compensation 448,000 394,000 460,000 508,000
Deferred Tax -16.4M -3.9M -78.9M 0.00
Deferred Income Tax -16.4M -3.9M -78.9M 0.00
Change In Working Capital -5.4M 21.6M -66.2M 38.1M
Other Non Cash Items 6.0M 11.5M 30.3M 139,000
Capital Expenditure -25.7M -55.5M -39.5M -34.9M
Purchase Of PPE -25.7M -55.5M -39.5M -34.9M
Net PPE Purchase And Sale -25.7M -55.5M -39.5M -34.9M
Investing Cash Flow -18.2M -58.9M -28.9M -33.5M
Cash Flow From Continuing Investing Activities -18.2M -58.9M -28.9M -33.5M
Issuance Of Debt 24.4M 201.4M 0.00 --
Repayment Of Debt -53.1M -238.5M -63.7M -2.3M
Net Issuance Payments Of Debt -28.7M -37.1M -63.7M -2.3M
Issuance Of Capital Stock 33.5M 0.00 -- 0.00
Net Common Stock Issuance 33.5M 0.00 -- 0.00
Financing Cash Flow 1.3M -49.2M -63.1M -2.8M
Cash Flow From Continuing Financing Activities 1.3M -49.2M -63.1M -2.8M
Effect Of Exchange Rate Changes -- 0.00 -149,000 339,000
Changes In Cash -9.8M -3.9M -3.8M 14.8M
Beginning Cash Position 18.3M 22.3M 26.2M 11.1M
End Cash Position 8.6M 18.3M 22.3M 26.2M
Free Cash Flow -18.6M 48.7M 48.6M 16.2M
Interest Paid Supplemental Data 20.9M 18.2M 16.4M 25.3M
Asset Impairment Charge -- -- -- 0.00
Cash Dividends Paid -- -- 0.00 0.00
Common Stock Issuance 33.5M 0.00 -- 0.00
Depreciation 59.6M 61.5M 56.2M --
Earnings Losses From Equity Investments -- -- 0.00 3.7M
Gain Loss On Investment Securities -2.1M -2.7M -251,000 --
Gain Loss On Sale Of Business -10.4M 0.00 -- --
Interest Paid Cff -- -- -1.1M -1.1M
Long Term Debt Issuance 24.4M 201.4M 0.00 --
Long Term Debt Payments -53.1M -238.5M -63.7M -2.3M
Net Foreign Currency Exchange Gain Loss 14.3M -131,000 0.00 0.00
Net Income From Continuing Operations -38.9M 9.0M 146.6M -39.8M
Net Long Term Debt Issuance -28.7M -37.1M -63.7M -2.3M
Net Other Financing Charges -3.5M -12.2M -425,000 -453,000
Net Other Investing Changes 7.5M -3.4M 10.7M 1.4M
Operating Gains Losses 1.9M 4.0M -251,000 3.7M
Proceeds From Stock Option Exercised 8,000 38,000 1.0M 0.00
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