Decibel Cannabis Company 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 |
|---|---|---|---|---|---|
| Total Revenue | 32.9M | 29.8M | 21.2M | 25.3M | 24.1M |
| Operating Revenue | 47.4M | 44.4M | 31.6M | 37.3M | 36.9M |
| Cost Of Revenue | 22.6M | 17.6M | 12.4M | 16.8M | 14.0M |
| Gross Profit | 10.3M | 12.2M | 8.8M | 8.5M | 10.1M |
| Selling General And Administration | 9.2M | 8.6M | 7.9M | 8.0M | 8.2M |
| General And Administrative Expense | 6.8M | 6.8M | 6.3M | 6.4M | 6.3M |
| Depreciation And Amortization In Income Statement | 1.7M | 1.7M | 1.6M | 1.4M | 1.2M |
| Operating Expense | 11.2M | 10.3M | 9.6M | 9.4M | 9.9M |
| Operating Income | -893,000 | 2.0M | -718,000 | -871,000 | 216,000 |
| EBIT | -691,000 | 2.3M | -1.2M | 14.5M | 796,000 |
| Interest Expense | 649,000 | 660,000 | 677,000 | 636,000 | 717,000 |
| Interest Expense Non Operating | 649,000 | 660,000 | 677,000 | 636,000 | 717,000 |
| Net Interest Income | -661,000 | -672,000 | -689,000 | -649,000 | -728,000 |
| Other Income Expense | 214,000 | 347,000 | -494,000 | 15.4M | 591,000 |
| Other Non Operating Income Expenses | 357,000 | 300,000 | -293,000 | -1.2M | 27,000 |
| Special Income Charges | -28,000 | -1,000 | -5,000 | 16.7M | 668,000 |
| Restructuring And Mergern Acquisition | 28,000 | 1,000 | 5,000 | -16.0M | 4,000 |
| Write Off | 0.00 | 0.00 | 0.00 | -672,000 | -672,000 |
| Gain On Sale Of Security | -115,000 | 48,000 | -196,000 | -50,000 | -104,000 |
| Pretax Income | -1.3M | 1.6M | -1.9M | 13.9M | 79,000 |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -1.3M | 1.6M | -1.9M | 9.8M | -585,000 |
| Net Income From Continuing Operation Net Minority Interest | -1.3M | 1.6M | -1.9M | 13.9M | 79,000 |
| Net Income Including Noncontrolling Interests | -1.3M | 1.6M | -1.9M | 9.8M | -585,000 |
| Net Income Common Stockholders | -1.3M | 1.6M | -1.9M | 9.8M | -585,000 |
| Net Income | -1.3M | 1.6M | -1.9M | 9.8M | -585,000 |
| EBITDA | 985,000 | 4.0M | 418,000 | 15.9M | 2.0M |
| Normalized EBITDA | 1.1M | 3.9M | 619,000 | -659,000 | 1.5M |
| Reconciled Depreciation | 1.7M | 1.7M | 1.6M | 1.4M | 1.2M |
| Basic EPS | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Basic Average Shares | 576.9M | 576.9M | 576.8M | -- | 409.0M |
| Diluted Average Shares | 576.9M | 577.2M | 576.8M | -- | 409.0M |
| Total Unusual Items | -143,000 | 47,000 | -201,000 | 16.6M | 564,000 |
| Total Unusual Items Excluding Goodwill | -143,000 | 47,000 | -201,000 | 16.6M | 564,000 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -1.2M | 1.6M | -1.7M | -2.7M | -485,000 |
| Depreciation Amortization Depletion Income Statement | 1.7M | 1.7M | 1.6M | 1.4M | 1.2M |
| Diluted NI Availto Com Stockholders | -1.3M | 1.6M | -1.9M | 9.8M | -585,000 |
| Excise Taxes | 14.5M | 14.5M | 10.4M | 12.0M | 12.8M |
| Gain On Sale Of Business | -- | 0.00 | -- | -- | -- |
| Gain On Sale Of Ppe | -- | -- | -- | -- | 0.00 |
| Net Income Continuous Operations | -1.3M | 1.6M | -1.9M | 13.9M | 79,000 |
| Net Income Discontinuous Operations | 0.00 | 0.00 | 0.00 | -- | -664,000 |
| Net Non Operating Interest Income Expense | -661,000 | -672,000 | -689,000 | -649,000 | -728,000 |
| Other Gand A | 2.3M | 2.8M | 2.2M | 2.1M | 2.9M |
| Provision For Doubtful Accounts | 259,000 | -- | -- | -- | 430,000 |
| Reconciled Cost Of Revenue | 22.6M | 17.6M | 12.4M | 16.8M | 14.0M |
| Salaries And Wages | 4.5M | 4.0M | 4.1M | 4.2M | 3.4M |
| Selling And Marketing Expense | 2.4M | 1.8M | 1.6M | 1.6M | 1.9M |
| Total Expenses | 33.8M | 27.9M | 22.0M | 26.2M | 23.9M |
| Total Operating Income As Reported | -921,000 | 2.0M | -723,000 | -871,000 | 212,000 |
| Total Other Finance Cost | 12,000 | 12,000 | 12,000 | 13,000 | 11,000 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 6.1M | 5.3M | 4.5M | 7.0M | 3.0M |
| Cash Cash Equivalents And Short Term Investments | 6.1M | 5.3M | 4.5M | 7.0M | 3.0M |
| Cash Financial | 6.1M | 5.3M | 4.5M | 7.0M | 3.0M |
| Accounts Receivable | 19.4M | 17.0M | 10.3M | 11.7M | 12.9M |
| Receivables | 20.6M | 17.7M | 10.7M | 11.8M | 13.0M |
| Inventory | 35.3M | 41.6M | 44.4M | 43.3M | 44.9M |
| Prepaid Assets | 2.5M | 2.0M | 2.5M | 2.4M | 3.6M |
| Current Assets | 64.5M | 66.6M | 62.1M | 64.5M | 64.6M |
| Gross PPE | 77.4M | 78.2M | 79.4M | 98.1M | 59.0M |
| Accumulated Depreciation | -- | -- | -- | -17.4M | -- |
| Net PPE | 77.4M | 78.2M | 79.4M | 80.7M | 59.0M |
| Goodwill | -- | -- | -- | 0.00 | 0.00 |
| Goodwill And Other Intangible Assets | 640,000 | 751,000 | 871,000 | 959,000 | 585,000 |
| Other Intangible Assets | 640,000 | 751,000 | 871,000 | 959,000 | 585,000 |
| Total Non Current Assets | 81.9M | 82.8M | 84.2M | 87.3M | 64.0M |
| Total Assets | 146.4M | 149.4M | 146.2M | 151.9M | 128.5M |
| Current Debt | 9.1M | 8.8M | 8.8M | 8.8M | 8.7M |
| Current Debt And Capital Lease Obligation | 11.5M | 10.9M | 10.8M | 10.6M | 10.2M |
| Accounts Payable | 36.4M | 38.4M | 35.7M | 38.2M | -- |
| Payables | 36.4M | 38.4M | 35.7M | 38.2M | -- |
| Payables And Accrued Expenses | 36.4M | 38.4M | 35.7M | 38.2M | 40.0M |
| Other Current Liabilities | 132,000 | 68,000 | 105,000 | 221,000 | 11,000 |
| Current Liabilities | 48.0M | 49.3M | 46.6M | 49.1M | 50.2M |
| Long Term Debt | 27.2M | 28.0M | 28.7M | 29.5M | 30.2M |
| Long Term Debt And Capital Lease Obligation | 34.2M | 35.0M | 36.4M | 37.7M | 34.9M |
| Long Term Capital Lease Obligation | 7.0M | 7.1M | 7.7M | 8.2M | 4.7M |
| Other Non Current Liabilities | 563,000 | 291,000 | 271,000 | 405,000 | 930,000 |
| Total Non Current Liabilities Net Minority Interest | 34.8M | 35.3M | 36.6M | 38.1M | 35.8M |
| Total Liabilities Net Minority Interest | 82.8M | 84.7M | 83.2M | 87.1M | 86.0M |
| Common Stock | 63.2M | 63.2M | 63.2M | 63.2M | 54.1M |
| Capital Stock | 63.2M | 63.2M | 63.2M | 63.2M | 54.1M |
| Additional Paid In Capital | -- | -- | -- | -- | 16.4M |
| Retained Earnings | -16.3M | -15.0M | -16.6M | -14.7M | -28.0M |
| Gains Losses Not Affecting Retained Earnings | 16.6M | 16.5M | 16.4M | 16.2M | -- |
| Common Stock Equity | 63.6M | 64.8M | 63.0M | 64.7M | 42.5M |
| Stockholders Equity | 63.6M | 64.8M | 63.0M | 64.7M | 42.5M |
| Total Equity Gross Minority Interest | 63.6M | 64.8M | 63.0M | 64.7M | 42.5M |
| Total Capitalization | 90.8M | 92.7M | 91.7M | 94.2M | 72.7M |
| Net Tangible Assets | 62.9M | 64.0M | 62.1M | 63.8M | 42.0M |
| Tangible Book Value | 62.9M | 64.0M | 62.1M | 63.8M | 42.0M |
| Working Capital | 16.5M | 17.3M | 15.5M | 15.5M | 14.4M |
| Invested Capital | 99.8M | 101.5M | 100.5M | 102.9M | 81.5M |
| Total Debt | 45.8M | 45.9M | 47.1M | 48.3M | 45.1M |
| Net Debt | 30.2M | 31.4M | 33.0M | 31.2M | 35.9M |
| Share Issued | 576.9M | 576.9M | 576.9M | 576.7M | 409.0M |
| Ordinary Shares Number | 576.9M | 576.9M | 576.9M | 576.7M | 409.0M |
| Allowance For Doubtful Accounts Receivable | -- | -- | -- | -1.7M | -- |
| Buildings And Improvements | -- | -- | -- | 50.0M | -- |
| Capital Lease Obligations | 9.5M | 9.2M | 9.6M | 10.1M | 6.2M |
| Construction In Progress | -- | -- | -- | 10.6M | -- |
| Current Capital Lease Obligation | 2.5M | 2.1M | 2.0M | 1.9M | 1.5M |
| Finished Goods | 5.2M | 5.4M | 6.8M | 6.1M | 5.6M |
| Gross Accounts Receivable | -- | -- | -- | 13.4M | -- |
| Inventories Adjustments Allowances | -1.7M | -1.5M | -1.8M | -1.7M | -- |
| Land And Improvements | -- | -- | -- | 3.8M | -- |
| Leases | -- | -- | -- | 11.5M | -- |
| Machinery Furniture Equipment | -- | -- | -- | 2.1M | -- |
| Minimum Pension Liabilities | -- | -- | -- | 16.2M | -- |
| Non Current Accounts Receivable | -- | -- | -- | -- | -- |
| Non Current Prepaid Assets | 3.9M | 3.9M | 3.9M | 5.7M | 4.4M |
| Other Current Borrowings | 9.1M | 8.8M | 8.8M | 8.8M | 8.7M |
| Other Equity Interest | -- | -- | -- | -- | -- |
| Other Inventories | 1.9M | 2.7M | 2.2M | 1.5M | 769,000 |
| Other Properties | 77.4M | 78.2M | 79.4M | 20.1M | 59.0M |
| Other Receivables | 1.2M | 615,000 | 394,000 | 62,000 | 117,000 |
| Properties | -- | -- | -- | 0.00 | -- |
| Raw Materials | 29.9M | 35.0M | 37.1M | 37.3M | 38.5M |
| Receivables Adjustments Allowances | -- | -- | -- | -- | 0.00 |
| Taxes Receivable | -- | -- | -- | 91,000 | -- |
| Work In Process | -- | -- | 107,000 | -- | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 1.8M | 2.7M | -711,000 | 214,000 | 1.9M |
| Cash Flow From Continuing Operating Activities | 1.8M | 2.7M | -711,000 | 2.4M | 2.0M |
| Depreciation And Amortization | 1.7M | 1.7M | 1.6M | 1.4M | 1.2M |
| Depreciation Amortization Depletion | 1.7M | 1.7M | 1.6M | 1.4M | 1.2M |
| Stock Based Compensation | 478,000 | 167,000 | 187,000 | -246,000 | 162,000 |
| Change In Working Capital | -3.9M | -2.6M | -2.4M | 594,000 | -1.5M |
| Changes In Account Receivables | -- | -7.0M | 1.1M | 1.8M | -45,000 |
| Change In Receivables | -- | -7.0M | 1.1M | 1.8M | -45,000 |
| Change In Inventory | -- | 1.2M | -2.6M | 1.8M | 149,000 |
| Change In Payables And Accrued Expense | -- | 2.6M | -2.5M | -2.5M | -689,000 |
| Change In Other Current Assets | -- | 522,000 | 1.7M | -340,000 | -960,000 |
| Change In Other Current Liabilities | -- | 77,000 | -189,000 | -83,000 | 0.00 |
| Other Non Cash Items | 5.5M | 2.5M | 2.4M | 4.0M | 3.4M |
| Capital Expenditure | -237,000 | -490,000 | -518,000 | -264,000 | -133,000 |
| Purchase Of PPE | -175,000 | -490,000 | -518,000 | -264,000 | -133,000 |
| Net PPE Purchase And Sale | -175,000 | -490,000 | -518,000 | 1.8M | -133,000 |
| Investing Cash Flow | -237,000 | -490,000 | -518,000 | 1.9M | -133,000 |
| Cash Flow From Continuing Investing Activities | -237,000 | -490,000 | -518,000 | 2.0M | -133,000 |
| Issuance Of Debt | -- | -- | -- | 0.00 | 0.00 |
| Repayment Of Debt | -975,000 | -1.2M | -1.2M | -1.2M | -1.2M |
| Net Issuance Payments Of Debt | -975,000 | -1.2M | -1.2M | -1.2M | -1.2M |
| Financing Cash Flow | -798,000 | -1.3M | -1.3M | 1.8M | -1.2M |
| Cash Flow From Continuing Financing Activities | -798,000 | -1.3M | -1.3M | 1.8M | -1.2M |
| Changes In Cash | 735,000 | 861,000 | -2.5M | 4.0M | 617,000 |
| Beginning Cash Position | 5.3M | 4.5M | 7.0M | 3.0M | 2.4M |
| End Cash Position | 6.1M | 5.3M | 4.5M | 7.0M | 3.0M |
| Free Cash Flow | 1.5M | 2.2M | -1.2M | -50,000 | 1.8M |
| Asset Impairment Charge | 0.00 | 0.00 | 0.00 | -- | -672,000 |
| Cash From Discontinued Financing Activities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash From Discontinued Investing Activities | 0.00 | 0.00 | 0.00 | -82,000 | 0.00 |
| Cash From Discontinued Operating Activities | 0.00 | 0.00 | 0.00 | -2.2M | -54,000 |
| Gain Loss On Sale Of Business | -- | -- | -- | -16.0M | 0.00 |
| Interest Paid Cfo | -649,000 | -660,000 | -677,000 | -636,000 | -717,000 |
| Long Term Debt Issuance | -- | -- | -- | 0.00 | 0.00 |
| Long Term Debt Payments | -975,000 | -1.2M | -1.2M | -1.2M | -1.2M |
| Net Income From Continuing Operations | -1.3M | 1.6M | -1.9M | 13.9M | 79,000 |
| Net Intangibles Purchase And Sale | -62,000 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Long Term Debt Issuance | -975,000 | -1.2M | -1.2M | -1.2M | -1.2M |
| Net Other Financing Charges | 177,000 | -105,000 | -72,000 | -- | -- |
| Operating Gains Losses | -- | -- | -- | -16.0M | -- |
| Proceeds From Stock Option Exercised | -- | -- | -- | 3.2M | 0.00 |
| Purchase Of Intangibles | -62,000 | 0.00 | 0.00 | 0.00 | 0.00 |