CVW Sustainable Royalties Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 371,175 | 0.00 | 0.00 | -85,417 | 85,417 | -- |
| Operating Revenue | 371,175 | 0.00 | 0.00 | -85,417 | 85,417 | -- |
| Cost Of Revenue | 2,402 | 2,362 | 1,964 | 3,461 | 2,050 | -- |
| Gross Profit | 368,773 | -2,362 | -1,964 | -88,878 | 83,367 | -- |
| Selling General And Administration | 1.3M | 1.5M | 1.2M | 1.4M | 680,121 | -- |
| General And Administrative Expense | 1.3M | 1.5M | 1.2M | 1.4M | 680,121 | -- |
| Other Operating Expenses | 86,900 | 86,367 | 63,397 | 61,704 | 33,188 | -- |
| Operating Expense | 1.4M | 1.6M | 1.3M | 1.5M | 713,309 | -- |
| Operating Income | -1.0M | -1.6M | -1.3M | -1.6M | -629,942 | -- |
| EBIT | -1.0M | -1.2M | -831,176 | -1.1M | -584,297 | -- |
| Interest Expense | 75.00 | 88.00 | 100.00 | -1,035 | 123.00 | -- |
| Interest Expense Non Operating | 75.00 | 88.00 | 100.00 | -1,035 | 123.00 | -- |
| Interest Income | 22,751 | 30,242 | 102,125 | 54,199 | 46,395 | -- |
| Interest Income Non Operating | 22,751 | 30,242 | 102,125 | 54,199 | 46,395 | -- |
| Net Interest Income | 21,917 | 29,656 | 101,581 | 40,231 | 45,522 | -- |
| Other Income Expense | -- | 367,500 | 353,500 | -- | -- | -- |
| Gain On Sale Of Security | -- | 367,500 | 353,500 | -- | -- | -- |
| Pretax Income | -1.0M | -1.2M | -831,276 | -1.1M | -584,420 | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -1.0M | -1.2M | -831,276 | -1.1M | -584,420 | -- |
| Net Income From Continuing Operation Net Minority Interest | -1.0M | -1.2M | -831,276 | -1.1M | -584,420 | -- |
| Net Income Including Noncontrolling Interests | -1.0M | -1.2M | -831,276 | -1.1M | -584,420 | -- |
| Net Income Common Stockholders | -1.0M | -1.2M | -831,276 | -1.1M | -584,420 | -- |
| Net Income | -1.0M | -1.2M | -831,276 | -1.1M | -584,420 | -- |
| EBITDA | -1.0M | -1.2M | -829,212 | -1.1M | -582,247 | -- |
| Normalized EBITDA | -1.0M | -1.6M | -1.2M | -1.1M | -582,247 | -- |
| Reconciled Depreciation | 2,402 | 2,362 | 1,964 | 3,461 | 2,050 | -- |
| Basic EPS | -0.01 | -0.01 | -0.01 | -- | -0.01 | -0.01 |
| Diluted EPS | -0.01 | -0.01 | -0.01 | -- | -0.01 | -0.01 |
| Basic Average Shares | 145.4M | 145.4M | 145.2M | -- | 130.7M | 125.6M |
| Diluted Average Shares | 145.4M | 145.4M | 145.2M | -- | 130.7M | 125.6M |
| Total Unusual Items | -- | 367,500 | 353,500 | -- | -- | -- |
| Total Unusual Items Excluding Goodwill | -- | 367,500 | 353,500 | -- | -- | -- |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Normalized Income | -1.0M | -1.6M | -1.2M | -1.1M | -584,420 | -- |
| Diluted NI Availto Com Stockholders | -1.0M | -1.2M | -831,276 | -1.1M | -584,420 | -- |
| Net Income Continuous Operations | -1.0M | -1.2M | -831,276 | -1.1M | -584,420 | -- |
| Net Non Operating Interest Income Expense | 21,917 | 29,656 | 101,581 | 40,231 | 45,522 | -- |
| Other Gand A | 331,001 | 386,269 | 314,706 | 479,829 | 394,473 | -- |
| Reconciled Cost Of Revenue | 2,402 | 2,362 | 1,964 | 3,461 | 2,050 | -- |
| Salaries And Wages | 1.0M | 1.2M | 906,290 | 932,712 | 285,648 | -- |
| Total Expenses | 1.4M | 1.6M | 1.3M | 1.5M | 715,359 | -- |
| Total Operating Income As Reported | -1.0M | -1.3M | 932,857 | -1.0M | -629,942 | -- |
| Total Other Finance Cost | 759.00 | 498.00 | 444.00 | 15,003 | 750.00 | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 3.1M | 3.8M | 4.6M | 5.2M | 6.2M | -- |
| Cash Cash Equivalents And Short Term Investments | 3.1M | 3.8M | 4.6M | 5.2M | 6.2M | -- |
| Accounts Receivable | -- | -- | 0.00 | 0.00 | 0.00 | 17,360 |
| Receivables | 10,948 | 17,186 | 49,264 | 63,656 | 35,873 | -- |
| Other Current Assets | 59,637 | 98,843 | 104,396 | 94,689 | 83,023 | -- |
| Current Assets | 3.2M | 3.9M | 4.8M | 5.4M | 6.3M | -- |
| Gross PPE | 32,557 | 32,557 | 30,973 | 29,134 | 27,634 | -- |
| Accumulated Depreciation | -20,963 | -18,561 | -16,199 | -14,235 | -10,774 | -- |
| Net PPE | 11,594 | 13,996 | 14,774 | 14,899 | 16,860 | -- |
| Investments And Advances | 15.5M | 15.1M | -- | -- | -- | -- |
| Total Non Current Assets | 15.5M | 15.2M | 14.8M | 14.4M | 14.1M | -- |
| Total Assets | 18.7M | 19.0M | 19.5M | 19.8M | 20.4M | -- |
| Current Debt And Capital Lease Obligation | 1,811 | 1,856 | 1,903 | 1,951 | 2,050 | -- |
| Payables And Accrued Expenses | 463,990 | 356,435 | 362,301 | 398,802 | 409,352 | -- |
| Current Liabilities | 465,801 | 358,291 | 364,204 | 400,753 | 411,402 | -- |
| Long Term Debt And Capital Lease Obligation | 1,064 | 1,516 | 1,955 | 2,381 | 2,744 | -- |
| Long Term Capital Lease Obligation | 1,064 | 1,516 | 1,955 | 2,381 | 2,744 | -- |
| Total Non Current Liabilities Net Minority Interest | 1,064 | 1,516 | 1,955 | 2,381 | 2,744 | -- |
| Total Liabilities Net Minority Interest | 466,865 | 359,807 | 366,159 | 403,134 | 414,146 | -- |
| Common Stock | 103.5M | 103.1M | 103.1M | 102.8M | 102.7M | -- |
| Capital Stock | 103.5M | 103.1M | 103.1M | 102.8M | 102.7M | -- |
| Additional Paid In Capital | 25.6M | 25.4M | 24.6M | 24.3M | 23.9M | -- |
| Retained Earnings | -110.8M | -109.8M | -108.5M | -107.7M | -106.6M | -- |
| Common Stock Equity | 18.3M | 18.7M | 19.2M | 19.4M | 20.0M | -- |
| Stockholders Equity | 18.3M | 18.7M | 19.2M | 19.4M | 20.0M | -- |
| Total Equity Gross Minority Interest | 18.3M | 18.7M | 19.2M | 19.4M | 20.0M | -- |
| Total Capitalization | 18.3M | 18.7M | 19.2M | 19.4M | 20.0M | -- |
| Net Tangible Assets | 18.3M | 18.7M | 19.2M | 19.4M | 20.0M | -- |
| Tangible Book Value | 18.3M | 18.7M | 19.2M | 19.4M | 20.0M | -- |
| Working Capital | 2.7M | 3.5M | 4.4M | 5.0M | 5.9M | -- |
| Invested Capital | 18.3M | 18.7M | 19.2M | 19.4M | 20.0M | -- |
| Total Debt | 2,875 | 3,372 | 3,858 | 4,332 | 4,794 | -- |
| Share Issued | 145.9M | 145.4M | 145.4M | 144.9M | 144.7M | -- |
| Ordinary Shares Number | 145.9M | 145.4M | 145.4M | 144.9M | 144.7M | -- |
| Buildings And Improvements | 5,835 | 5,835 | 5,835 | 5,835 | 5,835 | -- |
| Capital Lease Obligations | 2,875 | 3,372 | 3,858 | 4,332 | 4,794 | -- |
| Current Capital Lease Obligation | 1,811 | 1,856 | 1,903 | 1,951 | 2,050 | -- |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 15.5M | 15.1M | -- | -- | -- | -- |
| Investmentin Financial Assets | 15.5M | 15.1M | -- | -- | -- | -- |
| Machinery Furniture Equipment | 26,722 | 26,722 | 25,138 | 23,299 | 21,799 | -- |
| Non Current Note Receivables | -- | -- | 14.8M | 14.4M | 14.1M | -- |
| Taxes Receivable | 10,948 | 17,186 | 49,264 | 63,656 | 35,873 | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -672,678 | -846,923 | -744,131 | -940,846 | -802,273 | -- |
| Cash Flow From Continuing Operating Activities | -672,678 | -846,923 | -744,131 | -940,846 | -802,273 | -- |
| Depreciation And Amortization | 2,402 | 2,362 | 1,964 | 3,461 | 2,050 | -- |
| Depreciation Amortization Depletion | 2,402 | 2,362 | 1,964 | 3,461 | 2,050 | -- |
| Stock Based Compensation | 570,285 | 721,652 | 470,397 | 543,056 | -99,136 | -- |
| Change In Working Capital | 152,997 | 31,765 | -31,816 | -49,999 | -50,890 | -- |
| Change In Receivables | 6,238 | 32,078 | 14,392 | -27,783 | -18,513 | -- |
| Change In Payables And Accrued Expense | 107,557 | -5,866 | -36,501 | -10,550 | -70,230 | -- |
| Other Non Cash Items | 75.00 | 88.00 | 100.00 | 85,528 | 123.00 | -- |
| Capital Expenditure | -- | -1,584 | -1,839 | -1,500 | -4,904 | -- |
| Purchase Of PPE | 0.00 | -1,584 | -1,839 | -1,500 | -4,904 | -- |
| Net PPE Purchase And Sale | 0.00 | -1,584 | -1,839 | -1,500 | -4,904 | -- |
| Purchase Of Investment | 0.00 | -- | -- | 0.00 | -14.0M | -- |
| Net Investment Purchase And Sale | 0.00 | -- | -- | 0.00 | -14.0M | -- |
| Investing Cash Flow | 0.00 | -1,584 | -1,839 | -1,500 | -14.0M | -- |
| Cash Flow From Continuing Investing Activities | 0.00 | -1,584 | -1,839 | -1,500 | -14.0M | -- |
| Repayment Of Debt | -572.00 | -574.00 | -574.00 | -573.00 | -573.00 | -- |
| Net Issuance Payments Of Debt | -572.00 | -574.00 | -574.00 | -573.00 | -573.00 | -- |
| Issuance Of Capital Stock | 0.00 | -- | -- | 0.00 | 16.7M | 0.00 |
| Net Common Stock Issuance | 0.00 | -- | -- | 0.00 | 16.7M | 0.00 |
| Financing Cash Flow | 55,780 | -574.00 | 149,428 | -54,620 | 16.4M | -- |
| Cash Flow From Continuing Financing Activities | 55,780 | -574.00 | 149,428 | -54,620 | 16.4M | -- |
| Changes In Cash | -616,898 | -849,081 | -596,542 | -996,966 | 1.6M | -- |
| Beginning Cash Position | 3.8M | 4.6M | 5.2M | 6.2M | 4.6M | -- |
| End Cash Position | 3.1M | 3.8M | 4.6M | 5.2M | 6.2M | -- |
| Free Cash Flow | -672,678 | -848,507 | -745,970 | -942,346 | -807,177 | -- |
| Amortization Cash Flow | -- | -- | 1,964 | -- | 2,050 | 1,782 |
| Amortization Of Intangibles | -- | -- | 1,964 | -- | 2,050 | 1,782 |
| Change In Prepaid Assets | 39,202 | 5,553 | -9,707 | -11,666 | 37,853 | -- |
| Common Stock Issuance | 0.00 | -- | -- | 0.00 | 16.7M | 0.00 |
| Depreciation | 2,402 | 2,362 | 1,964 | 3,461 | 2,050 | -- |
| Long Term Debt Payments | -572.00 | -574.00 | -574.00 | -573.00 | -573.00 | -- |
| Net Income From Continuing Operations | -1.0M | -1.2M | -831,276 | -1.1M | -584,420 | -- |
| Net Intangibles Purchase And Sale | -- | -- | -- | -- | -14.0M | -- |
| Net Long Term Debt Issuance | -572.00 | -574.00 | -574.00 | -573.00 | -573.00 | -- |
| Net Other Financing Charges | -- | -- | -- | -120,001 | -721,301 | -42,429 |
| Proceeds From Stock Option Exercised | 56,352 | 0.00 | 150,002 | 65,954 | 350,400 | -- |
| Purchase Of Intangibles | -- | -- | -- | -- | -14.0M | -- |
| Unrealized Gain Loss On Investment Securities | -371,175 | -367,500 | -353,500 | -- | -70,000 | 0.00 |