The Caldwell Partners International Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Nov 30, 2025 | Q3 2025Aug 31, 2025 | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|---|---|
| Total Revenue | 29.3M | 31.6M | 27.9M | 23.2M | 21.4M | -- | -- |
| Operating Revenue | 29.1M | 31.4M | 27.7M | 23.0M | 21.2M | -- | -- |
| Cost Of Revenue | 23.4M | 24.7M | 21.6M | 18.4M | 17.1M | -- | -- |
| Gross Profit | 5.9M | 6.9M | 6.3M | 4.8M | 4.2M | -- | -- |
| Selling General And Administration | 5.1M | 4.3M | 4.4M | 5.4M | 4.2M | -- | -- |
| Other Operating Expenses | -- | -- | 112,000 | -- | -- | -- | -- |
| Operating Expense | 5.1M | 4.2M | 4.5M | 5.4M | 4.2M | -- | -- |
| Operating Income | 856,000 | 2.6M | 1.8M | -649,000 | 19,000 | -- | -- |
| EBIT | 1.2M | 2.5M | 1.2M | -196,000 | 606,000 | -- | -- |
| Interest Expense | 111,000 | 91,000 | 97,000 | 99,000 | 101,000 | -- | -- |
| Interest Expense Non Operating | 111,000 | 91,000 | 97,000 | 99,000 | 101,000 | -- | -- |
| Interest Income | 167,000 | -- | -- | -- | 149,000 | -- | -- |
| Interest Income Non Operating | 167,000 | -- | -- | -- | 149,000 | -- | -- |
| Net Interest Income | 56,000 | 418,000 | -97,000 | -99,000 | 48,000 | -- | -- |
| Other Income Expense | 200,000 | -648,000 | -628,000 | 453,000 | 438,000 | -- | -- |
| Special Income Charges | -34,000 | -- | -- | 0.00 | -28,000 | -412,000 | 0.00 |
| Restructuring And Mergern Acquisition | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Gain On Sale Of Security | 234,000 | -423,000 | -628,000 | 453,000 | 466,000 | -- | -- |
| Pretax Income | 1.1M | 2.4M | 1.1M | -295,000 | 505,000 | -- | -- |
| Tax Provision | 529,000 | 932,000 | 282,000 | -84,000 | 40,000 | -- | -- |
| Tax Effect Of Unusual Items | 30,000 | -251,745 | -157,628 | 129,105 | 34,602 | -- | -- |
| Net Income From Continuing And Discontinued Operation | 583,000 | 1.5M | 841,000 | -211,000 | 465,000 | -- | -- |
| Net Income From Continuing Operation Net Minority Interest | 583,000 | 1.5M | 841,000 | -211,000 | 465,000 | -- | -- |
| Net Income Including Noncontrolling Interests | 583,000 | 1.5M | 841,000 | -211,000 | 465,000 | -- | -- |
| Net Income Common Stockholders | 583,000 | 1.5M | 841,000 | -211,000 | 465,000 | -- | -- |
| Net Income | 583,000 | 1.5M | 841,000 | -211,000 | 465,000 | -- | -- |
| EBITDA | 1.6M | 2.9M | 1.7M | 266,000 | 1.1M | -- | -- |
| Normalized EBITDA | 1.4M | 3.5M | 2.3M | -187,000 | 615,000 | -- | -- |
| Reconciled Depreciation | 403,000 | 406,000 | 471,000 | 462,000 | 447,000 | -- | -- |
| Basic EPS | 0.02 | -- | 0.03 | -0.01 | 0.02 | -- | 0.06 |
| Diluted EPS | 0.02 | -- | 0.03 | -0.01 | 0.02 | -- | 0.06 |
| Basic Average Shares | 29.5M | -- | 29.5M | 29.6M | 29.6M | -- | 29.6M |
| Diluted Average Shares | 29.5M | -- | 29.6M | 29.7M | 29.7M | -- | 29.6M |
| Total Unusual Items | 200,000 | -648,000 | -628,000 | 453,000 | 438,000 | -- | -- |
| Total Unusual Items Excluding Goodwill | 200,000 | -648,000 | -628,000 | 453,000 | 438,000 | -- | -- |
| Tax Rate For Calcs | 0.15 | 0.39 | 0.25 | 0.28 | 0.08 | -- | -- |
| Normalized Income | 413,000 | 1.9M | 1.3M | -534,895 | 61,602 | -- | -- |
| Diluted NI Availto Com Stockholders | 583,000 | 1.5M | 841,000 | -211,000 | 465,000 | -- | -- |
| Gain On Sale Of Business | -34,000 | -- | -- | -- | -28,000 | -- | -- |
| Net Income Continuous Operations | 583,000 | 1.5M | 841,000 | -211,000 | 465,000 | -- | -- |
| Net Non Operating Interest Income Expense | 56,000 | 418,000 | -97,000 | -99,000 | 48,000 | -- | -- |
| Reconciled Cost Of Revenue | 23.4M | 24.7M | 21.6M | 18.4M | 17.1M | -- | -- |
| Total Expenses | 28.4M | 29.0M | 26.1M | 23.8M | 21.3M | -- | -- |
| Total Operating Income As Reported | 856,000 | 2.5M | 1.8M | -649,000 | 19,000 | -- | -- |
| Line Item | Q4 2025Nov 30, 2025 | Q3 2025Aug 31, 2025 | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 9.6M | 16.4M | 15.4M | 7.8M | 13.7M | -- | -- |
| Cash Cash Equivalents And Short Term Investments | 9.6M | 16.4M | 15.4M | 7.8M | 13.7M | -- | -- |
| Accounts Receivable | 17.6M | 18.3M | 14.7M | 15.5M | 14.0M | -- | -- |
| Receivables | 27.7M | 28.4M | 23.2M | 22.4M | 20.5M | -- | -- |
| Prepaid Assets | 8.4M | 4.1M | -- | -- | -- | 0.00 | -- |
| Other Current Assets | 3.8M | 3.6M | 2.2M | 2.0M | 1.7M | -- | -- |
| Current Assets | 49.4M | 52.5M | 40.8M | 32.1M | 35.9M | -- | -- |
| Gross PPE | 9.6M | 14.0M | 10.1M | 13.8M | 13.4M | -- | -- |
| Accumulated Depreciation | -3.6M | -8.2M | -5.6M | -7.0M | -6.5M | -- | -- |
| Net PPE | 6.0M | 5.8M | 4.5M | 6.8M | 6.9M | -- | -- |
| Goodwill | 11.5M | 11.4M | 11.4M | 11.8M | 11.5M | -- | -- |
| Goodwill And Other Intangible Assets | 11.5M | 11.4M | 11.4M | 11.9M | 11.6M | -- | -- |
| Other Intangible Assets | 21,000 | 34,000 | 48,000 | 65,000 | 77,000 | -- | -- |
| Investments And Advances | 1.6M | 1.6M | 1.6M | 1.7M | 1.7M | -- | -- |
| Long Term Equity Investment | 795,000 | -- | 860,000 | 912,000 | 916,000 | -- | 1.1M |
| Other Investments | -- | 1.6M | -- | -- | -- | 1.7M | -- |
| Other Non Current Assets | 314,000 | 312,000 | 1.8M | 293,000 | 286,000 | -- | -- |
| Total Non Current Assets | 28.7M | 28.3M | 27.6M | 29.8M | 28.5M | -- | -- |
| Total Assets | 78.2M | 80.8M | 68.5M | 62.0M | 64.4M | -- | -- |
| Current Debt And Capital Lease Obligation | 1.8M | 1.7M | 1.5M | 1.6M | 1.6M | -- | -- |
| Accounts Payable | 3.9M | 3.3M | 3.1M | 2.9M | 3.0M | -- | -- |
| Payables | 32.7M | 33.8M | 3.2M | 3.0M | 3.3M | -- | -- |
| Payables And Accrued Expenses | 32.7M | 33.8M | 28.0M | 21.2M | 24.0M | -- | -- |
| Current Accrued Expenses | -- | -- | 24.8M | 18.2M | 20.7M | -- | 24.3M |
| Current Deferred Revenue | 1.6M | 3.8M | -- | -- | -- | 0.00 | -- |
| Other Current Liabilities | 295,000 | 74,000 | -- | -- | -- | -- | -- |
| Current Liabilities | 36.6M | 39.7M | 29.7M | 23.1M | 25.7M | -- | -- |
| Long Term Debt And Capital Lease Obligation | 5.1M | 5.4M | 4.5M | 4.6M | 4.7M | -- | -- |
| Long Term Capital Lease Obligation | 5.1M | 5.4M | 4.5M | 4.6M | 4.7M | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 6.0M | 6.1M | 5.2M | 5.3M | 5.5M | -- | -- |
| Total Liabilities Net Minority Interest | 42.6M | 45.8M | 34.9M | 28.5M | 31.2M | -- | -- |
| Common Stock | 15.3M | 15.3M | 15.4M | 15.4M | 15.4M | -- | -- |
| Capital Stock | 15.3M | 15.3M | 15.4M | 15.4M | 15.4M | -- | -- |
| Additional Paid In Capital | 15.8M | 15.8M | 15.7M | 15.7M | 15.6M | -- | -- |
| Retained Earnings | 1.9M | 1.7M | 264,000 | -503,000 | -217,000 | -- | -- |
| Treasury Stock | 4,000 | 2,000 | 2,000 | 6,000 | -- | 0.00 | -- |
| Gains Losses Not Affecting Retained Earnings | 2.5M | 2.2M | 2.2M | 3.0M | 2.4M | -- | -- |
| Other Equity Adjustments | 2.5M | 2.2M | 2.2M | 3.0M | 2.4M | -- | -- |
| Common Stock Equity | 35.6M | 35.0M | 33.6M | 33.5M | 33.2M | -- | -- |
| Stockholders Equity | 35.6M | 35.0M | 33.6M | 33.5M | 33.2M | -- | -- |
| Total Equity Gross Minority Interest | 35.6M | 35.0M | 33.6M | 33.5M | 33.2M | -- | -- |
| Total Capitalization | 35.6M | 35.0M | 33.6M | 33.5M | 33.2M | -- | -- |
| Net Tangible Assets | 24.0M | 23.6M | 22.2M | 21.6M | 21.6M | -- | -- |
| Tangible Book Value | 24.0M | 23.6M | 22.2M | 21.6M | 21.6M | -- | -- |
| Working Capital | 12.8M | 12.8M | 11.1M | 9.0M | 10.2M | -- | -- |
| Invested Capital | 35.6M | 35.0M | 33.6M | 33.5M | 33.2M | -- | -- |
| Total Debt | 6.9M | 7.2M | 6.0M | 6.2M | 6.3M | -- | -- |
| Share Issued | 29.5M | 29.5M | 29.5M | 29.6M | 29.6M | -- | -- |
| Ordinary Shares Number | 29.4M | 29.5M | 29.5M | 29.6M | 29.6M | -- | -- |
| Allowance For Doubtful Accounts Receivable | -- | -651,000 | -- | -- | -- | -1.4M | -- |
| Available For Sale Securities | 100,000 | -- | 98,000 | 103,000 | 101,000 | -- | 99,000 |
| Capital Lease Obligations | 6.9M | 7.2M | 6.0M | 6.2M | 6.3M | -- | -- |
| Current Capital Lease Obligation | 1.8M | 1.7M | 1.5M | 1.6M | 1.6M | -- | -- |
| Current Deferred Liabilities | 1.6M | 3.8M | -- | -- | -- | 0.00 | -- |
| Dividends Payable | -- | -- | 74,000 | 74,000 | 73,000 | -- | -- |
| Employee Benefits | 481,000 | -- | 320,000 | 348,000 | -- | -- | 243,000 |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 699,000 | -- | 688,000 | 722,000 | 701,000 | -- | 682,000 |
| Foreign Currency Translation Adjustments | -- | -- | -- | -- | -- | -- | 2.0M |
| Gross Accounts Receivable | -- | 18.9M | -- | -- | -- | 13.8M | -- |
| Income Tax Payable | 39,000 | -- | -- | -- | -- | -- | -- |
| Investmentin Financial Assets | 799,000 | -- | 786,000 | 825,000 | 802,000 | -- | 781,000 |
| Investmentsin Associatesat Cost | 795,000 | -- | 860,000 | 912,000 | 916,000 | -- | 1.1M |
| Leases | -- | 640,000 | -- | -- | -- | 5.0M | -- |
| Machinery Furniture Equipment | -- | 5.4M | -- | -- | -- | 7.9M | -- |
| Non Current Accounts Receivable | 1.5M | 1.6M | -- | -- | -- | -- | -- |
| Non Current Deferred Assets | 6.3M | 6.6M | 7.0M | 7.9M | 7.2M | -- | -- |
| Non Current Deferred Liabilities | 393,000 | -- | 314,000 | 382,000 | -- | -- | 318,000 |
| Non Current Deferred Taxes Assets | 6.3M | 6.6M | 7.0M | 7.9M | 7.2M | -- | -- |
| Non Current Prepaid Assets | 1.5M | 1.0M | 1.2M | 1.3M | 742,000 | -- | -- |
| Other Payable | 28.7M | 30.6M | -- | 67,000 | 262,000 | 25.9M | -- |
| Other Properties | 9.6M | 7.9M | 10.1M | 13.8M | 13.4M | -- | -- |
| Other Receivables | 10.1M | 9.9M | 8.0M | 6.7M | 6.3M | -- | -- |
| Pensionand Other Post Retirement Benefit Plans Current | 268,000 | 217,000 | 216,000 | 268,000 | 103,000 | -- | -- |
| Properties | -- | 0.00 | -- | -- | -- | 0.00 | -- |
| Taxes Receivable | 0.00 | 159,000 | 547,000 | 244,000 | 250,000 | -- | -- |
| Total Tax Payable | 39,000 | -- | -- | -- | -- | -- | -- |
| Tradeand Other Payables Non Current | -- | 671,000 | -- | -- | 818,000 | 692,000 | 0.00 |
| Treasury Shares Number | 6,400 | 3,300 | -- | -- | -- | -- | 0.00 |
| Line Item | Q4 2025Nov 30, 2025 | Q3 2025Aug 31, 2025 | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -640,000 | 5.6M | 8.7M | -4.5M | -6.2M | -- | -- |
| Cash Flow From Continuing Operating Activities | -640,000 | 5.6M | 8.7M | -4.5M | -6.2M | -- | -- |
| Depreciation And Amortization | 403,000 | 406,000 | 471,000 | 462,000 | 447,000 | -- | -- |
| Depreciation Amortization Depletion | 403,000 | 406,000 | 471,000 | 462,000 | 447,000 | -- | -- |
| Stock Based Compensation | 0.00 | 64,000 | 65,000 | 65,000 | 65,000 | -- | -- |
| Change In Working Capital | -1.9M | 3.6M | 6.3M | -5.3M | -7.1M | -- | -- |
| Changes In Account Receivables | 1.1M | -4.1M | 192,000 | -689,000 | -1.4M | -- | -- |
| Change In Receivables | 1.7M | -1.3M | -1.8M | -878,000 | -1.7M | -- | -- |
| Change In Payables And Accrued Expense | -935,000 | 6.2M | 7.4M | -3.7M | -5.3M | -- | -- |
| Change In Payable | -935,000 | 6.2M | 7.4M | -3.7M | -5.3M | -- | -- |
| Change In Other Working Capital | -2.4M | -144,000 | -- | 249,000 | -812,000 | -- | -- |
| Change In Other Current Liabilities | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Other Non Cash Items | 316,000 | 46,000 | -126,000 | 632,000 | 255,000 | -- | -- |
| Capital Expenditure | -610,000 | -168,000 | -104,000 | -73,000 | -46,000 | -- | -- |
| Purchase Of PPE | -610,000 | -168,000 | -104,000 | -73,000 | -46,000 | -- | -- |
| Net PPE Purchase And Sale | -610,000 | -168,000 | -104,000 | -73,000 | -46,000 | -- | -- |
| Purchase Of Business | -- | -- | -- | -- | -- | 0.00 | 0.00 |
| Purchase Of Investment | -4.2M | -4.1M | 0.00 | 0.00 | 0.00 | -- | -- |
| Sale Of Investment | -- | 0.00 | 0.00 | -- | -- | 0.00 | 0.00 |
| Net Investment Purchase And Sale | -4.2M | -4.1M | 0.00 | 0.00 | 0.00 | -- | -- |
| Investing Cash Flow | -5.7M | -4.1M | -367,000 | -963,000 | 573,000 | -- | -- |
| Cash Flow From Continuing Investing Activities | -5.7M | -4.1M | -367,000 | -963,000 | 573,000 | -- | -- |
| Issuance Of Debt | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Repayment Of Debt | -427,000 | -445,000 | -440,000 | -449,000 | -432,000 | -- | -- |
| Net Issuance Payments Of Debt | -427,000 | -445,000 | -440,000 | -449,000 | -432,000 | -- | -- |
| Repurchase Of Capital Stock | -11,000 | -42,000 | -30,000 | -6,000 | 0.00 | -- | -- |
| Net Common Stock Issuance | -11,000 | -42,000 | -30,000 | -6,000 | 0.00 | -- | -- |
| Common Stock Dividend Paid | -74,000 | -73,000 | -75,000 | -74,000 | 0.00 | -- | -- |
| Common Stock Payments | -11,000 | -42,000 | -30,000 | -6,000 | 0.00 | -- | -- |
| Financing Cash Flow | -512,000 | -560,000 | -545,000 | -529,000 | -432,000 | -- | -- |
| Cash Flow From Continuing Financing Activities | -512,000 | -560,000 | -545,000 | -529,000 | -432,000 | -- | -- |
| Effect Of Exchange Rate Changes | 13,000 | -16,000 | -144,000 | 112,000 | 119,000 | -- | -- |
| Changes In Cash | -6.9M | 1.0M | 7.8M | -6.0M | -6.0M | -- | -- |
| Beginning Cash Position | 16.4M | 15.4M | 7.8M | 13.7M | 19.6M | -- | -- |
| End Cash Position | 9.6M | 16.4M | 15.4M | 7.8M | 13.7M | -- | -- |
| Free Cash Flow | -1.2M | 5.5M | 8.6M | -4.6M | -6.2M | -- | -- |
| Amortization Cash Flow | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | -- | -- |
| Amortization Of Intangibles | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | -- | -- |
| Asset Impairment Charge | -- | 0.00 | -- | -- | -- | 0.00 | 0.00 |
| Cash Dividends Paid | -74,000 | -73,000 | -75,000 | -74,000 | 0.00 | -- | -- |
| Change In Account Payable | 636,000 | 474,000 | 992,000 | -1.2M | -459,000 | -- | -- |
| Change In Income Tax Payable | -- | -- | -- | -- | -- | 0.00 | -- |
| Change In Prepaid Assets | -263,000 | -1.2M | 197,000 | -897,000 | 646,000 | -- | -- |
| Change In Tax Payable | -- | -- | -- | -- | -- | 0.00 | -- |
| Depreciation | 389,000 | 392,000 | 457,000 | 448,000 | 433,000 | -- | -- |
| Earnings Losses From Equity Investments | 34,000 | 41,000 | 12,000 | 32,000 | 28,000 | -- | -- |
| Gain Loss On Investment Securities | -- | -- | -- | -- | -- | 0.00 | -- |
| Long Term Debt Issuance | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Long Term Debt Payments | -427,000 | -445,000 | -440,000 | -449,000 | -432,000 | -- | -- |
| Net Business Purchase And Sale | -- | -- | -- | -- | -- | 0.00 | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -58,000 | 0.00 | 532,000 | -265,000 | -311,000 | -- | -- |
| Net Income From Continuing Operations | 583,000 | 1.5M | 841,000 | -211,000 | 465,000 | -- | -- |
| Net Long Term Debt Issuance | -427,000 | -445,000 | -440,000 | -449,000 | -432,000 | -- | -- |
| Net Other Investing Changes | -896,000 | 195,000 | -242,000 | -890,000 | 619,000 | -- | -- |
| Operating Gains Losses | -24,000 | 41,000 | 544,000 | -233,000 | -283,000 | -- | -- |