Decisive Dividend Corporation
Financial Statements (IFRS) · Amounts in CAD
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 | 127.9M | 134.9M | 98.6M | 62.5M |
| Operating Revenue | 127.9M | 134.9M | 98.6M | 62.5M |
| Cost Of Revenue | 80.0M | 82.1M | 65.7M | 41.1M |
| Gross Profit | 47.9M | 52.8M | 32.9M | 21.4M |
| Selling General And Administration | 33.5M | 32.1M | 22.0M | 14.6M |
| General And Administrative Expense | 33.5M | 32.1M | 22.0M | 14.6M |
| Depreciation And Amortization In Income Statement | 6.5M | 5.1M | 3.3M | 2.2M |
| Operating Expense | 40.0M | 37.2M | 25.3M | 16.8M |
| Operating Income | 7.9M | 15.5M | 7.5M | 4.6M |
| EBIT | 8.9M | 15.5M | 8.2M | 5.0M |
| Interest Expense | 5.6M | 3.8M | 2.5M | 2.1M |
| Interest Expense Non Operating | 5.6M | 3.8M | 2.5M | 2.1M |
| Interest Income | -- | 9,000 | 20,000 | 408,000 |
| Interest Income Non Operating | -- | 9,000 | 20,000 | 408,000 |
| Net Interest Income | -5.6M | -3.8M | -2.5M | -1.7M |
| Other Income Expense | 980,000 | 10,000 | 650,000 | 18,000 |
| Other Non Operating Income Expenses | 4.5M | 9,000 | -- | -- |
| Special Income Charges | -4.4M | 97,000 | 31,000 | 72,000 |
| Gain On Sale Of Security | 854,000 | -96,000 | 619,000 | -54,000 |
| Pretax Income | 3.3M | 11.8M | 5.7M | 2.9M |
| Tax Provision | 1.2M | 3.4M | 1.6M | 658,000 |
| Tax Effect Of Unusual Items | -1.4M | 290.81 | 183,216 | 4,029 |
| Net Income From Continuing And Discontinued Operation | 2.0M | 8.3M | 4.1M | 2.3M |
| Net Income From Continuing Operation Net Minority Interest | 2.0M | 8.3M | 4.1M | 2.3M |
| Net Income Including Noncontrolling Interests | 2.0M | 8.3M | 4.1M | 2.3M |
| Net Income Common Stockholders | 2.0M | 8.3M | 4.1M | 2.3M |
| Net Income | 2.0M | 8.3M | 4.1M | 2.3M |
| EBITDA | 18.6M | 23.4M | 13.1M | 8.7M |
| Normalized EBITDA | 22.1M | 23.4M | 12.4M | 8.7M |
| Reconciled Depreciation | 9.7M | 7.9M | 4.9M | 3.7M |
| Basic EPS | 0.10 | 0.48 | 0.31 | 0.19 |
| Diluted EPS | 0.10 | 0.45 | 0.29 | 0.18 |
| Basic Average Shares | 19.4M | 17.3M | 13.0M | 11.9M |
| Diluted Average Shares | 19.8M | 18.5M | 13.9M | 12.6M |
| Total Unusual Items | -3.6M | 1,000 | 650,000 | 18,000 |
| Total Unusual Items Excluding Goodwill | -3.6M | 1,000 | 650,000 | 18,000 |
| Tax Rate For Calcs | 0.38 | 0.29 | 0.28 | 0.22 |
| Normalized Income | 4.2M | 8.3M | 3.6M | 2.3M |
| Depreciation Amortization Depletion Income Statement | 6.5M | 5.1M | 3.3M | 2.2M |
| Diluted NI Availto Com Stockholders | 2.0M | 8.3M | 4.1M | 2.3M |
| Gain On Sale Of Ppe | 44,000 | 97,000 | 31,000 | 72,000 |
| Impairment Of Capital Assets | 4.5M | 0.00 | -- | 0.00 |
| Net Income Continuous Operations | 2.0M | 8.3M | 4.1M | 2.3M |
| Net Non Operating Interest Income Expense | -5.6M | -3.8M | -2.5M | -1.7M |
| Other Gand A | 10.7M | 10.9M | 7.5M | 5.3M |
| Reconciled Cost Of Revenue | 76.8M | 79.4M | 64.2M | 39.7M |
| Rent And Landing Fees | 2.2M | 1.9M | 1.4M | 535,000 |
| Rent Expense Supplemental | 2.2M | 1.9M | 1.4M | 535,000 |
| Salaries And Wages | 20.5M | 19.3M | 13.2M | 8.8M |
| Selling And Marketing Expense | -- | -- | 5.7M | 4.5M |
| Total Expenses | 119.9M | 119.3M | 91.0M | 57.9M |
| Total Operating Income As Reported | 2.3M | 11.7M | 5.0M | 2.5M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 3.3M | 4.0M | 4.7M | 2.1M |
| Cash Cash Equivalents And Short Term Investments | 3.3M | 4.0M | 4.7M | 2.1M |
| Cash Financial | 3.3M | 4.0M | 4.7M | 2.1M |
| Accounts Receivable | 25.6M | 22.4M | 15.9M | 10.0M |
| Receivables | 26.7M | 22.6M | 16.4M | 10.6M |
| Inventory | 24.9M | 24.4M | 14.9M | 10.1M |
| Prepaid Assets | 2.6M | 1.4M | 2.4M | 988,000 |
| Current Assets | 57.4M | 52.4M | 38.5M | 23.9M |
| Gross PPE | 46.7M | 36.9M | 22.8M | 15.5M |
| Accumulated Depreciation | -16.3M | -13.1M | -10.5M | -7.9M |
| Net PPE | 30.4M | 23.8M | 12.3M | 7.6M |
| Goodwill | 44.3M | 43.7M | 26.5M | 18.7M |
| Goodwill And Other Intangible Assets | 77.4M | 76.3M | 47.6M | 28.8M |
| Other Intangible Assets | 33.1M | 32.6M | 21.2M | 10.1M |
| Total Non Current Assets | 107.8M | 100.1M | 59.9M | 36.4M |
| Total Assets | 165.2M | 152.6M | 98.4M | 60.3M |
| Current Debt | 202,000 | 224,000 | -- | -- |
| Current Debt And Capital Lease Obligation | 2.6M | 1.9M | 1.3M | 1.1M |
| Accounts Payable | 7.2M | 7.5M | 8.3M | 3.3M |
| Payables | 10.7M | 12.0M | 11.6M | 6.3M |
| Payables And Accrued Expenses | 23.1M | 26.9M | 18.4M | 9.1M |
| Current Accrued Expenses | 12.4M | 14.9M | 6.7M | 2.8M |
| Current Deferred Revenue | 227,000 | 1.3M | 344,000 | 363,000 |
| Current Liabilities | 26.4M | 30.8M | 20.6M | 11.1M |
| Long Term Debt | 60.3M | 45.0M | 32.7M | 22.6M |
| Long Term Debt And Capital Lease Obligation | 70.8M | 54.1M | 37.7M | 24.1M |
| Long Term Capital Lease Obligation | 10.6M | 9.0M | 5.1M | 1.5M |
| Total Non Current Liabilities Net Minority Interest | 82.0M | 64.1M | 43.7M | 26.9M |
| Total Liabilities Net Minority Interest | 108.3M | 94.8M | 64.3M | 38.1M |
| Common Stock | 72.1M | 66.6M | 44.1M | 32.8M |
| Capital Stock | 72.1M | 66.6M | 44.1M | 32.8M |
| Additional Paid In Capital | 2.1M | 1.4M | 1.0M | 1.3M |
| Retained Earnings | 17.2M | 15.2M | 6.9M | 2.8M |
| Gains Losses Not Affecting Retained Earnings | -34.5M | -25.4M | -17.9M | -14.7M |
| Other Equity Adjustments | -34.5M | -25.4M | -17.9M | -14.7M |
| Common Stock Equity | 56.9M | 57.8M | 34.1M | 22.2M |
| Stockholders Equity | 56.9M | 57.8M | 34.1M | 22.2M |
| Total Equity Gross Minority Interest | 56.9M | 57.8M | 34.1M | 22.2M |
| Total Capitalization | 117.1M | 102.8M | 66.8M | 44.8M |
| Net Tangible Assets | -20.5M | -18.6M | -13.5M | -6.6M |
| Tangible Book Value | -20.5M | -18.6M | -13.5M | -6.6M |
| Working Capital | 31.1M | 21.7M | 17.9M | 12.8M |
| Invested Capital | 117.3M | 103.0M | 66.8M | 44.8M |
| Total Debt | 73.4M | 56.0M | 39.0M | 25.3M |
| Net Debt | 57.2M | 41.2M | 27.9M | 20.4M |
| Share Issued | 19.7M | 18.9M | 14.9M | 12.1M |
| Ordinary Shares Number | 19.7M | 18.9M | 14.9M | 12.1M |
| Allowance For Doubtful Accounts Receivable | -234,000 | -177,000 | -114,000 | -8,000 |
| Capital Lease Obligations | 13.0M | 10.7M | 6.3M | 2.7M |
| Current Capital Lease Obligation | 2.4M | 1.7M | 1.3M | 1.1M |
| Current Deferred Liabilities | 227,000 | 1.3M | 344,000 | 363,000 |
| Current Provisions | 480,000 | 700,000 | 579,000 | 496,000 |
| Dividends Payable | 886,000 | 756,000 | 447,000 | 302,000 |
| Finished Goods | 9.8M | 10.5M | 5.9M | 3.8M |
| Gross Accounts Receivable | 25.8M | 22.6M | 16.0M | 10.0M |
| Income Tax Payable | 1.1M | 2.4M | 1.9M | 989,000 |
| Inventories Adjustments Allowances | -503,000 | -276,000 | -459,000 | -312,000 |
| Leases | 2.2M | 1.7M | 707,000 | 514,000 |
| Machinery Furniture Equipment | 3.1M | 2.5M | 2.0M | 1.6M |
| Non Current Deferred Liabilities | 11.1M | 10.0M | 6.0M | 2.8M |
| Non Current Deferred Taxes Liabilities | 11.1M | 10.0M | 6.0M | 2.8M |
| Other Current Borrowings | 202,000 | 224,000 | -- | -- |
| Other Payable | 1.5M | 1.4M | 1.0M | 1.7M |
| Other Properties | 41.4M | 32.7M | 20.1M | 13.4M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 11.4M | 10.7M | 7.1M | 4.3M |
| Taxes Receivable | 1.1M | 219,000 | 463,000 | 658,000 |
| Total Tax Payable | 1.1M | 2.4M | 1.9M | 989,000 |
| Work In Process | 4.1M | 3.4M | 2.4M | 2.3M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 12.8M | 15.8M | 8.4M | 3.9M |
| Cash Flow From Continuing Operating Activities | 12.8M | 15.8M | 8.4M | 3.9M |
| Depreciation And Amortization | 9.7M | 7.9M | 4.9M | 3.7M |
| Depreciation Amortization Depletion | 9.7M | 7.9M | 4.9M | 3.7M |
| Stock Based Compensation | 1.3M | 745,000 | 143,000 | 256,000 |
| Deferred Tax | 1.2M | 3.4M | 1.6M | 658,000 |
| Deferred Income Tax | 1.2M | 3.4M | 1.6M | 658,000 |
| Change In Working Capital | -4.5M | -4.1M | -3.2M | -3.8M |
| Changes In Account Receivables | -3.0M | -307,000 | -2.0M | -3.1M |
| Change In Receivables | -3.0M | -307,000 | -2.0M | -3.1M |
| Change In Inventory | -385,000 | -2.6M | -1.8M | -2.6M |
| Change In Payables And Accrued Expense | 1.2M | -4.1M | 812,000 | 2.2M |
| Change In Other Working Capital | -1.2M | 1.0M | -350,000 | -74,000 |
| Other Non Cash Items | 1.2M | 3.8M | 2.5M | 1.7M |
| Capital Expenditure | -6.8M | -3.9M | -2.1M | -1.8M |
| Purchase Of PPE | -6.8M | -3.9M | -2.1M | -1.8M |
| Net PPE Purchase And Sale | -6.7M | -3.7M | -2.1M | -1.8M |
| Purchase Of Business | -7.9M | -30.1M | -15.1M | 0.00 |
| Investing Cash Flow | -14.6M | -33.8M | -17.2M | -1.8M |
| Cash Flow From Continuing Investing Activities | -14.6M | -33.8M | -17.2M | -1.8M |
| Issuance Of Debt | 60.9M | 23.6M | 9.9M | 2.1M |
| Repayment Of Debt | -47.7M | -13.1M | -1.2M | -1.2M |
| Net Issuance Payments Of Debt | 13.1M | 10.4M | 8.7M | 863,000 |
| Issuance Of Capital Stock | 2.1M | 15.8M | 8.3M | 421,000 |
| Net Common Stock Issuance | 2.1M | 15.8M | 8.3M | 421,000 |
| Common Stock Dividend Paid | -8.4M | -5.2M | -- | -- |
| Financing Cash Flow | 726,000 | 17.3M | 11.1M | -3.0M |
| Cash Flow From Continuing Financing Activities | 726,000 | 17.3M | 11.1M | -3.0M |
| Effect Of Exchange Rate Changes | 257,000 | 94,000 | 298,000 | -29,000 |
| Changes In Cash | -1.1M | -778,000 | 2.3M | -827,000 |
| Beginning Cash Position | 4.0M | 4.7M | 2.1M | 3.0M |
| End Cash Position | 3.3M | 4.0M | 4.7M | 2.1M |
| Free Cash Flow | 6.0M | 11.9M | 6.3M | 2.1M |
| Amortization Cash Flow | -- | 3.7M | -- | -- |
| Amortization Of Intangibles | -- | 3.7M | -- | -- |
| Asset Impairment Charge | 4.8M | 28,000 | 22,000 | 27,000 |
| Cash Dividends Paid | -8.4M | -5.2M | -3.6M | -1.9M |
| Change In Prepaid Assets | -1.1M | 1.9M | 154,000 | -111,000 |
| Common Stock Issuance | 2.1M | 15.8M | 8.3M | 421,000 |
| Depreciation | -- | 4.2M | -- | -- |
| Gain Loss On Sale Of PPE | -44,000 | -97,000 | -31,000 | -72,000 |
| Interest Paid Cff | -5.4M | -3.6M | -2.4M | -2.0M |
| Long Term Debt Issuance | 60.9M | 23.6M | 9.9M | 2.1M |
| Long Term Debt Payments | -47.7M | -13.1M | -1.2M | -1.2M |
| Net Business Purchase And Sale | -7.9M | -30.1M | -15.1M | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -854,000 | 96,000 | -619,000 | 54,000 |
| Net Income From Continuing Operations | 2.0M | 8.3M | 4.1M | 2.3M |
| Net Long Term Debt Issuance | 13.1M | 10.4M | 8.7M | 863,000 |
| Net Other Financing Charges | -705,000 | -71,000 | -28,000 | -406,000 |
| Operating Gains Losses | -898,000 | -1,000 | -650,000 | -18,000 |
| Sale Of PPE | 78,000 | 173,000 | 40,000 | 91,000 |
| Taxes Refund Paid | -2.1M | -4.3M | -991,000 | -859,000 |