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DEFSEC Technologies Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 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 1.3M 1.4M 1.4M 1.3M 887,658 -- --
Operating Revenue 1.3M 1.4M 1.4M 1.3M 886,731 -- --
Cost Of Revenue 903,044 753,288 1.0M 950,141 483,136 -- --
Gross Profit 404,692 620,015 399,490 314,021 404,522 -- --
Selling General And Administration 1.6M 2.2M 1.5M 1.5M 2.2M -- --
General And Administrative Expense 1.3M 1.5M 1.1M 1.1M 1.6M -- --
Research And Development 649,629 993,170 402,334 299,916 672,575 -- --
Depreciation And Amortization In Income Statement 177,269 164,222 309,085 285,929 314,491 -- --
Operating Expense 2.5M 3.3M 2.2M 2.0M 3.2M -- --
Operating Income -2.1M -2.7M -1.8M -1.7M -2.8M -- --
EBIT -2.0M -2.3M -2.2M -1.4M -3.4M -- --
Interest Expense 81,857 74,985 71,809 48,361 63,863 -- --
Interest Expense Non Operating 81,857 74,985 71,809 48,361 63,863 -- --
Interest Income 44,563 31,042 29,344 19,148 2,304 -- --
Interest Income Non Operating 44,563 31,042 29,344 19,148 2,304 -- --
Net Interest Income -37,294 -37,390 -42,565 -31,361 -61,559 -- --
Other Income Expense 18,216 324,249 -442,955 306,395 -567,866 -- --
Other Non Operating Income Expenses -- 0.00 -- -- -1.8M -174,635 -366,931
Special Income Charges 0.00 0.00 -6,809 6,809 -89,096 -- --
Gain On Sale Of Security 18,216 324,249 -436,146 299,586 1.3M -- --
Pretax Income -2.1M -2.4M -2.3M -1.5M -3.5M -- --
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00 0.00 -- --
Net Income From Continuing And Discontinued Operation -2.1M -2.4M -2.3M -1.5M -3.5M -- --
Net Income From Continuing Operation Net Minority Interest -2.1M -2.4M -2.3M -1.5M -3.5M -- --
Net Income Including Noncontrolling Interests -2.1M -2.4M -2.3M -1.5M -3.5M -- --
Net Income Common Stockholders -2.1M -2.4M -2.3M -1.5M -3.5M -- --
Net Income -2.1M -2.4M -2.3M -1.5M -3.5M -- --
EBITDA -1.8M -2.2M -1.9M -1.1M -3.1M -- --
Normalized EBITDA -1.8M -2.5M -1.5M -1.4M -4.3M -- --
Reconciled Depreciation 177,269 172,085 309,085 285,929 314,491 -- --
Basic EPS -1.39 -- -3.69 -6.16 -1.14 -- -27.72
Diluted EPS -1.39 -- -3.69 -6.16 -1.14 -- -27.72
Basic Average Shares 1.5M -- 625,323 237,038 3.0M -- 41,922
Diluted Average Shares 1.5M -- 625,323 237,038 3.0M -- 41,922
Total Unusual Items 18,216 324,249 -442,955 306,395 1.2M -- --
Total Unusual Items Excluding Goodwill 18,216 324,249 -442,955 306,395 1.2M -- --
Tax Rate For Calcs 0.00 0.00 0.00 0.00 0.00 -- --
Normalized Income -2.1M -2.7M -1.9M -1.8M -4.7M -- --
Depreciation Amortization Depletion Income Statement 177,269 164,222 309,085 285,929 314,491 -- --
Diluted NI Availto Com Stockholders -2.1M -2.4M -2.3M -1.5M -3.5M -- --
Gain On Sale Of Ppe -- 0.00 0.00 -- -- -- 0.00
Impairment Of Capital Assets 0.00 0.00 6,809 -6,809 88,596 -- --
Net Income Continuous Operations -2.1M -2.4M -2.3M -1.5M -3.5M -- --
Net Non Operating Interest Income Expense -37,294 -37,390 -42,565 -31,361 -61,559 -- --
Other Gand A 1.3M 1.5M 1.1M 1.1M 1.5M -- --
Other Special Charges -- 0.00 -- -- 500.00 -- --
Reconciled Cost Of Revenue 903,044 745,425 1.0M 950,141 483,136 -- --
Salaries And Wages 0.00 14,518 21,777 26,342 51,055 -- --
Selling And Marketing Expense 303,370 645,074 375,353 334,114 682,547 -- --
Total Expenses 3.4M 4.1M 3.2M 3.0M 3.7M -- --
Total Operating Income As Reported -2.1M -2.7M -1.8M -1.7M -2.8M -- --
Total Other Finance Cost -- -- 100.00 2,148 -- -- --
Line Item Q4 2025Dec 31, 2025 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 5.0M 6.7M 2.5M 4.4M 2.9M -- --
Cash Cash Equivalents And Short Term Investments 5.0M 6.7M 2.5M 4.4M 2.9M -- --
Accounts Receivable 1.1M 1.4M 1.1M 997,553 876,501 -- --
Receivables 1.1M 1.5M 1.1M 1.1M 1.0M -- --
Inventory 587,173 519,609 508,747 581,197 529,778 -- --
Prepaid Assets -- -- 305,448 333,125 -- -- --
Other Current Assets 657,119 163,562 -- -- 140,101 179,051 396,405
Current Assets 7.5M 8.9M 4.6M 6.5M 4.6M -- --
Gross PPE 1.4M 2.2M 1.5M 311,661 401,931 -- --
Accumulated Depreciation -- -763,035 -- -- -- -589,835 --
Net PPE 1.4M 1.4M 1.5M 311,661 401,931 -- --
Goodwill And Other Intangible Assets 2.3M 2.4M 2.5M 2.7M 3.0M -- --
Other Intangible Assets 2.3M 2.4M 2.5M 2.7M 3.0M -- --
Total Non Current Assets 3.8M 4.0M 4.1M 3.1M 3.5M -- --
Total Assets 11.4M 12.9M 8.7M 9.6M 8.1M -- --
Current Debt And Capital Lease Obligation 109,552 188,907 254,313 140,972 164,376 -- --
Accounts Payable 1.3M 409,696 304,650 383,123 470,864 -- --
Payables 1.3M 1.6M 451,468 642,782 565,341 -- --
Payables And Accrued Expenses 1.5M 2.5M 1.3M 1.1M 1.1M -- --
Current Accrued Expenses 200,000 944,320 845,766 465,498 568,010 -- --
Current Deferred Revenue 29,425 7,671 78,517 122,612 92,986 -- --
Other Current Liabilities 116,239 210,965 346,918 177,327 399,420 -- --
Current Liabilities 1.8M 2.9M 2.0M 1.6M 1.8M -- --
Long Term Debt And Capital Lease Obligation 1.2M 1.1M 1.1M 38,492 103,872 -- --
Long Term Capital Lease Obligation 1.2M 1.1M 1.1M 38,492 103,872 -- --
Total Non Current Liabilities Net Minority Interest 2.3M 2.2M 2.1M 1.2M 1.3M -- --
Total Liabilities Net Minority Interest 4.1M 5.1M 4.1M 2.8M 3.1M -- --
Common Stock 47.9M 47.0M 44.2M 43.2M 42.2M -- --
Capital Stock 47.9M 47.0M 44.2M 43.2M 42.2M -- --
Additional Paid In Capital 5.4M 5.4M 5.4M 5.4M 5.3M -- --
Retained Earnings -54.4M -52.3M -49.9M -47.6M -46.1M -- --
Gains Losses Not Affecting Retained Earnings -62,232 -85,077 -55,542 -133,415 -134,796 -- --
Other Equity Adjustments -62,232 -85,077 -55,542 -133,415 -134,796 -- --
Common Stock Equity 7.3M 7.8M 4.6M 6.8M 5.0M -- --
Stockholders Equity 7.3M 7.8M 4.6M 6.8M 5.0M -- --
Total Equity Gross Minority Interest 7.3M 7.8M 4.6M 6.8M 5.0M -- --
Total Capitalization 7.3M 7.8M 4.6M 6.8M 5.0M -- --
Net Tangible Assets 5.0M 5.4M 2.1M 4.1M 2.0M -- --
Tangible Book Value 5.0M 5.4M 2.1M 4.1M 2.0M -- --
Working Capital 5.8M 6.0M 2.6M 4.9M 2.8M -- --
Invested Capital 7.3M 7.8M 4.6M 6.8M 5.0M -- --
Total Debt 1.3M 1.3M 1.3M 179,464 268,248 -- --
Share Issued 2.0M 1.4M 667,707 530,362 375,582 -- --
Ordinary Shares Number 2.0M 1.4M 667,707 530,362 375,582 -- --
Buildings And Improvements -- 1.2M -- -- -- 230,124 --
Capital Lease Obligations 1.3M 1.3M 1.3M 179,464 268,248 -- --
Current Capital Lease Obligation 109,552 188,907 254,313 140,972 164,376 -- --
Current Deferred Assets 63,599 34,773 79,442 16,354 14,843 -- --
Current Deferred Liabilities 29,425 7,671 78,517 122,612 92,986 -- --
Current Provisions -- -- 13,900 13,900 -- -- --
Finished Goods 57,030 34,463 29,958 50,538 50,839 -- --
Leases -- 131,792 -- -- -- 131,792 --
Machinery Furniture Equipment -- 443,979 -- -- -- 308,370 --
Non Current Accrued Expenses 1.1M 1.1M 1.0M 1.2M 1.2M -- --
Non Current Deferred Assets 105,466 94,976 81,364 69,030 66,278 -- --
Non Current Prepaid Assets 47,321 46,132 31,040 30,276 29,532 -- --
Other Equity Interest 8.4M 7.8M 4.9M 5.9M 3.7M -- --
Other Inventories -- -- -- 1.00 -- -- --
Other Payable -- 1.1M 146,818 259,659 94,477 168,244 --
Other Properties 1.4M 466,396 1.5M 311,661 401,931 -- --
Other Receivables -- -- 388.00 150.00 7,412 42,248 28,582
Properties -- 0.00 -- -- -- 0.00 --
Raw Materials 473,503 455,732 442,712 481,242 420,701 -- --
Restricted Cash 47,500 47,500 30,000 30,000 30,000 -- --
Taxes Receivable -- 141,936 32,094 84,161 156,021 70,578 --
Total Tax Payable -- 47,427 -- -- -- 0.00 --
Work In Process 56,640 29,414 36,077 49,416 58,238 -- --
Line Item Q4 2025Dec 31, 2025 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 -3.1M -1.4M -1.7M -1.6M -3.2M -- --
Cash Flow From Continuing Operating Activities -3.1M -1.4M -1.7M -1.6M -3.2M -- --
Depreciation And Amortization 177,269 172,085 309,085 285,929 314,491 -- --
Depreciation Amortization Depletion 177,269 172,085 309,085 285,929 314,491 -- --
Stock Based Compensation 0.00 14,518 21,777 26,342 51,055 -- --
Change In Working Capital -1.2M 848,476 21,313 -270,800 -957,235 -- --
Change In Receivables 356,915 -363,327 -48,598 -41,930 -472,059 -- --
Change In Inventory -67,564 -10,862 72,450 -51,419 3,385 -- --
Change In Payables And Accrued Expense -39,316 1.2M 66,827 -9,790 -454,401 -- --
Change In Other Working Capital -956,016 -39,789 -119,517 25,363 -73,110 -- --
Change In Other Current Assets -- -- -- -- -- -- 0.00
Other Non Cash Items 37,294 37,890 42,565 31,361 1.9M -- --
Capital Expenditure -17,983 -20,445 -88,140 -6,815 -51,895 -- --
Purchase Of PPE -17,983 -20,445 -88,140 -6,815 -25,220 -- --
Net PPE Purchase And Sale -17,983 -20,445 -88,140 -6,815 -25,220 -- --
Investing Cash Flow -17,983 -33,558 -88,140 -6,815 -51,895 -- --
Cash Flow From Continuing Investing Activities -17,983 -33,558 -88,140 -6,815 -51,895 -- --
Repayment Of Debt -41,100 -55,117 -49,482 -33,071 -34,483 -- --
Net Issuance Payments Of Debt -41,100 -55,117 -49,482 -33,071 -34,483 -- --
Issuance Of Capital Stock 2.1M 6.8M 0.00 3.7M 8.3M -- --
Net Common Stock Issuance 2.1M 6.8M 0.00 3.7M 8.3M -- --
Financing Cash Flow 1.5M 5.6M -46,382 3.2M 5.9M -- --
Cash Flow From Continuing Financing Activities 1.5M 5.6M -46,382 3.2M 5.9M -- --
Effect Of Exchange Rate Changes 10,375 -- -- -- 0.00 -- --
Changes In Cash -1.7M 4.2M -1.9M 1.6M 2.6M -- --
Beginning Cash Position 6.7M 2.5M 4.4M 2.9M 256,828 -- --
End Cash Position 5.0M 6.7M 2.5M 4.4M 2.9M -- --
Free Cash Flow -3.1M -1.4M -1.8M -1.6M -3.3M -- --
Asset Impairment Charge 0.00 -15,728 5,642 -5,642 88,596 -- --
Change In Prepaid Assets -494,746 104,320 50,151 -193,024 38,950 -- --
Common Stock Issuance 2.1M 6.8M 0.00 3.7M 8.3M -- --
Gain Loss On Investment Securities -94,726 -135,953 169,591 -222,093 -1.1M -- --
Interest Paid Cfo 44,370 84,478 -18.00 6,696 -16,260 -- --
Interest Received Cfo -- -- -- -- -- -- -5,659
Long Term Debt Payments -41,100 -55,117 -49,482 -33,071 -34,483 -- --
Net Foreign Currency Exchange Gain Loss -4,797 -- -- -- 0.00 -- --
Net Income From Continuing Operations -2.1M -2.4M -2.3M -1.5M -3.5M -- --
Net Intangibles Purchase And Sale 0.00 0.00 0.00 0.00 -26,675 -- --
Net Long Term Debt Issuance -41,100 -55,117 -49,482 -33,071 -34,483 -- --
Net Other Financing Charges -535,451 -1.2M 0.00 -816,059 -2.4M -- --
Operating Gains Losses -99,523 -106,816 169,591 -222,093 -1.1M -- --
Proceeds From Stock Option Exercised -911.00 29,642 3,100 362,489 7,606 -- --
Purchase Of Intangibles 0.00 0.00 0.00 0.00 -26,675 -- --
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