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DEFSEC Technologies Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Sep 30, 2025 FY 2024Sep 30, 2024 FY 2023Sep 30, 2023 FY 2022Sep 30, 2022 FY 2021Sep 30, 2021
Total Revenue 4.9M 1.5M 1.2M 721,519 --
Operating Revenue 4.9M 1.5M 1.2M 719,868 --
Cost Of Revenue 3.2M 1.0M 1.4M 536,735 --
Gross Profit 1.7M 486,502 -191,378 184,784 --
Selling General And Administration 7.4M 6.7M 9.4M 8.2M --
General And Administrative Expense 5.3M 5.1M 6.5M 4.9M --
Research And Development 2.4M 2.4M 1.5M 2.1M --
Depreciation And Amortization In Income Statement 1.1M 1.3M 952,508 -- --
Other Operating Expenses -- -- -- -- -3,514
Operating Expense 10.8M 10.3M 11.9M 10.3M --
Operating Income -9.1M -9.8M -12.1M -10.1M --
EBIT -9.4M -7.2M -8.6M -10.1M --
Interest Expense 254,713 252,010 723,548 511,990 --
Interest Expense Non Operating 254,713 252,010 723,548 511,990 --
Interest Income 81,838 55,687 55,514 5,988 --
Interest Income Non Operating 81,838 55,687 55,514 5,988 --
Net Interest Income -172,875 -196,323 -668,034 -506,002 --
Other Income Expense -373,368 2.6M 3.5M 27,615 --
Other Non Operating Income Expenses -1.8M -541,566 -2.0M -- --
Special Income Charges -82,287 -7,256 -291,181 -1,165 --
Gain On Sale Of Security 1.5M 3.1M 5.7M 28,780 --
Pretax Income -9.6M -7.4M -9.3M -10.6M --
Tax Provision 0.00 0.00 0.00 -49,442 --
Tax Effect Of Unusual Items 0.00 0.00 0.00 129.17 --
Net Income From Continuing And Discontinued Operation -9.6M -7.4M -9.3M -10.5M --
Net Income From Continuing Operation Net Minority Interest -9.6M -7.4M -9.3M -10.5M --
Net Income Including Noncontrolling Interests -9.6M -7.4M -9.3M -10.5M --
Net Income Common Stockholders -9.6M -7.4M -9.3M -10.5M --
Net Income -9.6M -7.4M -9.3M -10.5M --
EBITDA -8.3M -5.9M -7.6M -9.7M --
Normalized EBITDA -9.7M -9.0M -13.1M -9.8M --
Reconciled Depreciation 1.1M 1.3M 952,508 326,491 --
Basic EPS -15.78 -188.86 -478.80 -3,025 --
Diluted EPS -15.78 -188.86 -478.80 -3,025 --
Basic Average Shares 610,169 39,382 19,439 3,477 --
Diluted Average Shares 610,169 39,382 19,439 3,477 --
Total Unusual Items 1.4M 3.1M 5.5M 27,615 --
Total Unusual Items Excluding Goodwill 1.4M 3.1M 5.5M 27,615 --
Tax Rate For Calcs 0.00 0.00 0.00 0.00 --
Normalized Income -11.1M -10.5M -14.8M -10.5M --
Depreciation Amortization Depletion Income Statement 1.1M 1.3M 952,508 -- --
Diluted NI Availto Com Stockholders -9.6M -7.4M -9.3M -10.5M --
Gain On Sale Of Ppe 6,809 -7,256 -291,181 -1,165 --
Impairment Of Capital Assets 88,596 0.00 0.00 -- --
Net Income Continuous Operations -9.6M -7.4M -9.3M -10.5M --
Net Non Operating Interest Income Expense -172,875 -196,323 -668,034 -506,002 --
Other Gand A 5.2M 4.8M 6.2M 4.9M --
Other Special Charges 500.00 -- -- -- --
Reconciled Cost Of Revenue 3.2M 1.0M 1.4M 536,735 --
Salaries And Wages 113,692 291,761 373,554 -- --
Selling And Marketing Expense 2.0M 1.5M 2.9M 3.3M --
Total Expenses 14.0M 11.3M 13.3M 10.8M --
Total Operating Income As Reported -9.1M -9.8M -12.1M -10.1M --
Line Item FY 2025Sep 30, 2025 FY 2024Sep 30, 2024 FY 2023Sep 30, 2023 FY 2022Sep 30, 2022 FY 2021Sep 30, 2021
Cash And Cash Equivalents 6.7M 256,828 5.4M 170,545 --
Cash Cash Equivalents And Short Term Investments 6.7M 256,828 5.4M 170,545 --
Cash Financial -- -- -- 170,545 2.7M
Accounts Receivable 1.4M 455,049 68,530 114,877 --
Receivables 1.5M 567,875 300,269 171,882 --
Inventory 519,609 533,163 542,388 393,538 --
Prepaid Assets -- -- -- -- 548,042
Other Current Assets 163,562 179,051 562,408 122,166 --
Current Assets 8.9M 1.8M 6.8M 1.5M --
Gross PPE 2.2M 1.1M 1.2M 1.4M --
Accumulated Depreciation -763,035 -589,835 -419,752 -384,873 --
Net PPE 1.4M 541,836 778,332 1.0M --
Goodwill And Other Intangible Assets 2.4M 3.2M 4.1M 4.7M --
Other Intangible Assets 2.4M 3.2M 4.1M 4.7M --
Total Non Current Assets 4.0M 3.8M 4.9M 5.8M --
Total Assets 12.9M 5.6M 11.8M 7.3M --
Current Debt -- -- -- 2.2M --
Current Debt And Capital Lease Obligation 188,907 147,078 127,116 2.3M --
Accounts Payable 409,696 881,835 367,128 2.3M --
Payables 1.6M 1.1M 460,198 3.4M --
Payables And Accrued Expenses 2.5M 1.9M 1.8M 4.6M --
Current Accrued Expenses 944,320 810,558 1.3M 1.2M --
Current Deferred Revenue 7,671 120,571 120,970 47,271 --
Other Current Liabilities 210,965 847,295 4.3M -- --
Current Liabilities 2.9M 3.0M 6.4M 6.9M --
Long Term Debt -- -- -- 78,796 53,251
Long Term Debt And Capital Lease Obligation 1.1M 155,145 302,407 285,267 --
Long Term Capital Lease Obligation 1.1M 155,145 302,407 206,471 --
Total Non Current Liabilities Net Minority Interest 2.2M 1.3M 1.4M 1.4M --
Total Liabilities Net Minority Interest 5.1M 4.2M 7.8M 8.3M --
Common Stock 47.0M 37.8M 33.4M 19.5M --
Capital Stock 47.0M 37.8M 33.4M 19.5M --
Additional Paid In Capital 5.4M 5.2M 4.8M 3.6M --
Retained Earnings -52.3M -42.7M -35.2M -25.9M --
Gains Losses Not Affecting Retained Earnings -85,077 -38,520 -39,663 -101,418 --
Other Equity Adjustments -85,077 -38,520 -39,663 -101,418 --
Common Stock Equity 7.8M 1.4M 3.9M -1.0M --
Stockholders Equity 7.8M 1.4M 3.9M -1.0M --
Total Equity Gross Minority Interest 7.8M 1.4M 3.9M -1.0M --
Total Capitalization 7.8M 1.4M 3.9M -924,095 --
Net Tangible Assets 5.4M -1.8M -176,730 -5.7M --
Tangible Book Value 5.4M -1.8M -176,730 -5.7M --
Working Capital 6.0M -1.1M 458,439 -5.4M --
Invested Capital 7.8M 1.4M 3.9M 1.3M --
Total Debt 1.3M 302,223 429,523 2.6M --
Net Debt -- -- -- 2.1M --
Share Issued 1.4M 75,198 26,746 3,682 --
Ordinary Shares Number 1.4M 75,198 26,746 3,682 --
Buildings And Improvements 1.2M 230,124 361,036 208,131 --
Capital Lease Obligations 1.3M 302,223 429,523 275,621 --
Current Capital Lease Obligation 188,907 147,078 127,116 69,150 --
Current Deferred Assets 34,773 275,438 0.00 628,262 --
Current Deferred Liabilities 7,671 120,571 120,970 47,271 --
Finished Goods 34,463 55,754 116,435 49,643 --
Interest Payable -- -- 0.00 4,915 0.00
Leases 131,792 131,792 131,792 137,037 --
Machinery Furniture Equipment 443,979 308,370 258,560 212,868 --
Non Current Accrued Expenses 1.1M 1.1M 1.1M 1.1M --
Non Current Deferred Assets 94,976 29,319 0.00 -- --
Non Current Prepaid Assets 46,132 28,806 26,076 23,604 --
Other Current Borrowings -- -- -- 2.2M --
Other Equity Interest 7.8M 1.1M 1.0M 2.0M --
Other Payable 1.1M 168,244 93,070 1.1M --
Other Properties 466,396 461,385 446,696 867,449 --
Other Receivables -- 42,248 5,211 8,881 308,728
Properties 0.00 0.00 0.00 0.00 --
Raw Materials 455,732 59,519 363,223 322,545 --
Restricted Cash 47,500 30,000 30,000 30,000 --
Taxes Receivable 141,936 70,578 226,528 48,124 --
Total Tax Payable 47,427 0.00 -- 0.00 692.00
Treasury Shares Number -- -- 0.00 -- --
Work In Process 29,414 417,890 62,730 21,350 --
Line Item FY 2025Sep 30, 2025 FY 2024Sep 30, 2024 FY 2023Sep 30, 2023 FY 2022Sep 30, 2022 FY 2021Sep 30, 2021
Operating Cash Flow -8.0M -9.1M -14.1M -4.3M --
Cash Flow From Continuing Operating Activities -8.0M -9.1M -14.1M -4.3M --
Depreciation And Amortization 1.1M 1.3M 952,508 326,491 --
Depreciation Amortization Depletion 1.1M 1.3M 952,508 326,491 --
Stock Based Compensation 113,692 291,761 373,554 2.0M --
Deferred Tax -- 0.00 0.00 -49,442 0.00
Deferred Income Tax -- 0.00 0.00 -49,442 0.00
Change In Working Capital -358,246 -343,671 -2.3M 3.6M --
Change In Receivables -925,914 -267,606 -128,387 631,801 --
Change In Inventory 13,554 9,225 -148,850 49,446 --
Change In Payables And Accrued Expense 760,770 -407,257 -1.7M 2.5M --
Change In Payable 960,770 -257,257 -1.7M 2.5M --
Change In Other Working Capital -207,053 -35,995 73,699 17,410 --
Change In Other Current Liabilities 0.00 -25,395 0.00 0.00 --
Other Non Cash Items 2.0M 196,323 668,034 506,002 --
Capital Expenditure -167,295 -111,153 -1.3M -1.4M --
Purchase Of PPE -140,620 -101,330 -176,949 -187,478 --
Net PPE Purchase And Sale -140,620 -101,330 -176,949 -187,478 --
Sale Of Business 4,387 0.00 7,811 250,349 --
Investing Cash Flow -180,408 -111,153 -1.4M -1.1M --
Cash Flow From Continuing Investing Activities -180,408 -111,153 -1.4M -1.1M --
Issuance Of Debt -- 0.00 0.00 2.5M 326,000
Repayment Of Debt -172,153 -197,651 -2.4M -42,504 --
Net Issuance Payments Of Debt -172,153 -197,651 -2.4M 2.5M --
Issuance Of Capital Stock 18.7M 5.0M 23.7M 344,000 --
Net Common Stock Issuance 18.7M 5.0M 23.7M 344,000 --
Financing Cash Flow 14.6M 4.0M 20.8M 2.9M --
Cash Flow From Continuing Financing Activities 14.6M 4.0M 20.8M 2.9M --
Effect Of Exchange Rate Changes -35,116 0.00 0.00 -- --
Changes In Cash 6.5M -5.2M 5.2M -2.5M --
Beginning Cash Position 256,828 5.4M 170,545 2.7M --
End Cash Position 6.7M 256,828 5.4M 170,545 --
Free Cash Flow -8.1M -9.2M -15.4M -5.6M --
Amortization Cash Flow 807,090 947,341 576,440 10,927 --
Amortization Of Intangibles 807,090 947,341 576,440 10,927 --
Asset Impairment Charge 72,868 0.00 1.2M 0.00 --
Change In Account Payable 960,770 -257,257 -1.7M 2.5M --
Change In Accrued Expense -200,000 -150,000 0.00 0.00 --
Change In Prepaid Assets 397.00 383,357 -440,242 425,876 --
Common Stock Issuance 18.7M 5.0M 23.7M 344,000 --
Depreciation 274,500 330,570 376,068 315,564 --
Gain Loss On Investment Securities -1.3M -3.0M -5.8M -- --
Gain Loss On Sale Of PPE 0.00 7,256 291,181 1,165 --
Interest Paid Cfo 74,896 -4,997 -130,127 -120,416 --
Interest Received Cfo 74,896 -- -- -- --
Long Term Debt Issuance -- 0.00 0.00 2.5M 326,000
Long Term Debt Payments -172,153 -197,651 -2.4M -42,504 --
Net Business Purchase And Sale 4,387 0.00 7,811 250,349 --
Net Foreign Currency Exchange Gain Loss 29,637 0.00 0.00 0.00 --
Net Income From Continuing Operations -9.6M -7.4M -9.3M -10.5M --
Net Intangibles Purchase And Sale -26,675 -9,823 -1.1M -1.2M --
Net Long Term Debt Issuance -172,153 -197,651 -2.4M 2.5M --
Net Other Financing Charges -4.3M -747,926 -543,203 -207,822 --
Net Other Investing Changes -17,500 -- -148,410 -- -180,000
Operating Gains Losses -1.3M -3.0M -5.5M 1,165 --
Proceeds From Stock Option Exercised 402,837 1,613 4,052 215,925 --
Purchase Of Intangibles -26,675 -9,823 -1.1M -1.2M --
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