Medical Facilities Corporation
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 | 82.6M | 80.6M | 81.7M | 12.5M | 76.8M |
| Operating Revenue | 82.6M | 80.6M | 81.7M | 12.5M | 76.8M |
| Cost Of Revenue | 28.4M | 27.0M | 27.5M | 10.4M | 25.7M |
| Gross Profit | 54.2M | 53.6M | 54.2M | 2.1M | 51.1M |
| Selling General And Administration | 38.1M | 37.6M | 37.0M | -3.1M | 37.5M |
| General And Administrative Expense | 38.1M | 37.6M | 37.0M | -3.1M | 37.5M |
| Depreciation And Amortization In Income Statement | 3.9M | 4.0M | 4.3M | 2.2M | 4.2M |
| Other Operating Expenses | -- | -- | -- | 0.00 | -12.0M |
| Operating Expense | 42.0M | 41.6M | 41.2M | -903,000 | 29.7M |
| Operating Income | 12.2M | 12.0M | 13.0M | 3.0M | 21.4M |
| EBIT | 18.2M | 13.6M | 13.9M | 2.1M | 21.5M |
| Interest Expense | 2.2M | 1.8M | 5.2M | -16.1M | 7.9M |
| Interest Expense Non Operating | 2.2M | 1.8M | 5.2M | -16.1M | 7.9M |
| Interest Income | 6.1M | 1.7M | 1.0M | 1.4M | 144,000 |
| Interest Income Non Operating | 6.1M | 1.7M | 1.0M | 1.4M | 144,000 |
| Net Interest Income | 3.8M | -133,000 | -4.2M | 17.5M | -7.8M |
| Other Income Expense | -18,000 | -29,000 | -130,000 | -2.3M | -14,000 |
| Special Income Charges | -- | -- | -- | -2.3M | 0.00 |
| Write Off | -- | -- | -- | 0.00 | 0.00 |
| Gain On Sale Of Security | -18,000 | -29,000 | -130,000 | 9,000 | -14,000 |
| Earnings From Equity Interest | -- | -- | -- | 0.00 | 0.00 |
| Pretax Income | 16.0M | 11.8M | 8.7M | 18.2M | 13.6M |
| Tax Provision | 3.1M | 2.2M | -321,000 | -6.0M | -347,000 |
| Tax Effect Of Unusual Items | -3,442 | -5,343 | -19,500 | -338,400 | -2,100 |
| Net Income From Continuing And Discontinued Operation | 8.1M | 4.6M | 3.7M | 64.8M | 7.2M |
| Net Income From Continuing Operation Net Minority Interest | 8.1M | 4.6M | 3.7M | 16.1M | 3.8M |
| Net Income Including Noncontrolling Interests | 12.9M | 9.6M | 9.0M | 73.0M | 17.4M |
| Minority Interests | -4.8M | -5.0M | -5.3M | -8.2M | -10.2M |
| Net Income Common Stockholders | 8.1M | 4.6M | 3.7M | 64.8M | 7.2M |
| Net Income | 8.1M | 4.6M | 3.7M | 64.8M | 7.2M |
| EBITDA | 22.1M | 17.6M | 18.1M | 6.8M | 26.4M |
| Normalized EBITDA | 22.1M | 17.6M | 18.3M | 9.1M | 26.4M |
| Reconciled Depreciation | 3.9M | 4.0M | 4.3M | 4.7M | 4.9M |
| Basic EPS | 0.44 | 0.24 | 0.17 | -- | 0.30 |
| Diluted EPS | 0.23 | 0.20 | 0.17 | -- | 0.30 |
| Basic Average Shares | 18.6M | 20.6M | 22.2M | -- | 23.8M |
| Diluted Average Shares | 22.1M | 20.6M | 22.2M | -- | 23.8M |
| Total Unusual Items | -18,000 | -29,000 | -130,000 | -2.3M | -14,000 |
| Total Unusual Items Excluding Goodwill | -18,000 | -29,000 | -130,000 | -2.3M | -14,000 |
| Tax Rate For Calcs | 0.19 | 0.18 | 0.15 | 0.15 | 0.15 |
| Normalized Income | 8.1M | 4.7M | 3.8M | 18.0M | 3.8M |
| Amortization | 136,000 | 135,000 | 133,000 | 135,000 | 136,000 |
| Amortization Of Intangibles Income Statement | 136,000 | 135,000 | 133,000 | 135,000 | 136,000 |
| Average Dilution Earnings | -3.0M | -- | -- | 0.00 | 0.00 |
| Depreciation Amortization Depletion Income Statement | 3.9M | 4.0M | 4.3M | 2.2M | 4.2M |
| Depreciation Income Statement | 3.8M | 3.9M | 4.1M | 2.0M | 4.0M |
| Diluted NI Availto Com Stockholders | 5.1M | 4.6M | 3.7M | 64.8M | 7.2M |
| Gain On Sale Of Business | -- | -- | -- | 0.00 | 0.00 |
| Net Income Continuous Operations | 12.9M | 9.6M | 9.0M | 24.3M | 14.0M |
| Net Income Discontinuous Operations | 0.00 | 0.00 | 0.00 | -- | 3.4M |
| Net Non Operating Interest Income Expense | 3.8M | -133,000 | -4.2M | 17.5M | -7.8M |
| Other Gand A | 14.6M | 14.5M | 14.6M | 6.9M | 15.3M |
| Reconciled Cost Of Revenue | 28.4M | 27.0M | 27.5M | 7.9M | 25.0M |
| Salaries And Wages | 23.6M | 23.0M | 22.4M | -9.9M | 22.2M |
| Total Expenses | 70.4M | 68.6M | 68.7M | 9.5M | 55.4M |
| Total Operating Income As Reported | 12.2M | 12.0M | 13.0M | 725,000 | 21.4M |
| Total Other Finance Cost | 42,000 | 55,000 | 55,000 | 49,000 | 67,000 |
| 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 | 46.8M | 49.0M | 65.7M | 108.5M | 18.7M |
| Cash Cash Equivalents And Short Term Investments | 46.8M | 49.0M | 65.7M | 108.5M | 18.7M |
| Accounts Receivable | 40.5M | 39.5M | 39.7M | 45.5M | 50.3M |
| Receivables | 44.3M | 43.6M | 44.1M | 51.0M | 57.4M |
| Inventory | 6.3M | 6.5M | 6.1M | 5.8M | 9.7M |
| Current Assets | 97.4M | 99.1M | 115.9M | 165.3M | 85.7M |
| Gross PPE | 74.6M | 77.5M | 80.2M | 136.3M | 114.2M |
| Accumulated Depreciation | -- | -- | -- | -53.3M | -- |
| Net PPE | 74.6M | 77.5M | 80.2M | 83.0M | 114.2M |
| Goodwill | 90.6M | 90.6M | 90.6M | 90.6M | 120.6M |
| Goodwill And Other Intangible Assets | 97.4M | 97.6M | 97.7M | 97.8M | 131.5M |
| Other Intangible Assets | 6.8M | 7.0M | 7.1M | 7.2M | 10.8M |
| Total Non Current Assets | 172.1M | 175.1M | 177.9M | 181.0M | 245.8M |
| Total Assets | 269.5M | 274.2M | 293.8M | 346.3M | 331.5M |
| Current Debt | 4.9M | 4.8M | 10.3M | 10.4M | 19.7M |
| Current Debt And Capital Lease Obligation | 12.1M | 12.9M | 19.0M | 19.3M | 27.7M |
| Accounts Payable | 15.0M | 13.8M | 13.4M | 16.9M | 18.9M |
| Payables | 16.2M | 15.0M | 28.9M | 32.1M | 20.7M |
| Payables And Accrued Expenses | 35.4M | 34.1M | 46.2M | 53.0M | 43.1M |
| Current Accrued Expenses | 19.2M | 19.1M | 17.3M | 20.8M | 22.4M |
| Other Current Liabilities | 6.9M | 15.6M | 14.9M | 16.7M | 3.5M |
| Current Liabilities | 54.4M | 62.6M | 80.1M | 88.9M | 74.3M |
| Long Term Debt | 27.7M | 27.6M | 23.1M | 23.8M | 35.0M |
| Long Term Debt And Capital Lease Obligation | 53.0M | 54.8M | 52.1M | 54.6M | 69.8M |
| Long Term Capital Lease Obligation | 25.3M | 27.1M | 29.0M | 30.8M | 34.7M |
| Other Non Current Liabilities | 35.0M | 40.6M | 41.8M | 39.3M | 58.8M |
| Total Non Current Liabilities Net Minority Interest | 105.0M | 111.0M | 109.1M | 109.9M | 145.1M |
| Total Liabilities Net Minority Interest | 159.4M | 173.5M | 189.1M | 198.8M | 219.5M |
| Common Stock | 268.2M | 265.2M | 272.9M | 316.9M | 335.3M |
| Capital Stock | 268.2M | 265.2M | 272.9M | 316.9M | 335.3M |
| Additional Paid In Capital | 470,000 | 470,000 | 470,000 | 470,000 | 742,000 |
| Retained Earnings | -182.5M | -189.5M | -192.9M | -195.4M | -258.8M |
| Common Stock Equity | 86.1M | 76.2M | 80.5M | 122.0M | 77.3M |
| Stockholders Equity | 86.1M | 76.2M | 80.5M | 122.0M | 77.3M |
| Total Equity Gross Minority Interest | 110.1M | 100.7M | 104.7M | 147.5M | 112.0M |
| Minority Interest | 24.0M | 24.5M | 24.2M | 25.4M | 34.7M |
| Total Capitalization | 113.8M | 103.8M | 103.6M | 145.9M | 112.4M |
| Net Tangible Assets | -11.3M | -21.4M | -17.2M | 24.2M | -54.2M |
| Tangible Book Value | -11.3M | -21.4M | -17.2M | 24.2M | -54.2M |
| Working Capital | 43.0M | 36.6M | 35.9M | 76.4M | 11.4M |
| Invested Capital | 118.7M | 108.6M | 113.9M | 156.2M | 132.1M |
| Total Debt | 65.1M | 67.6M | 71.1M | 73.9M | 97.4M |
| Net Debt | -- | -- | -- | -- | 36.1M |
| Share Issued | 18.3M | 18.9M | 19.5M | 23.0M | 23.5M |
| Ordinary Shares Number | 18.3M | 18.9M | 19.5M | 23.0M | 23.5M |
| Allowance For Doubtful Accounts Receivable | -- | -- | -- | -5.4M | -- |
| Buildings And Improvements | -- | -- | -- | 48.3M | -- |
| Capital Lease Obligations | 32.5M | 35.2M | 37.7M | 39.7M | 42.7M |
| Construction In Progress | -- | -- | -- | 196,000 | -- |
| Current Capital Lease Obligation | 7.2M | 8.1M | 8.7M | 8.9M | 8.0M |
| Dividends Payable | 1.2M | 1.2M | 1.2M | 1.4M | 1.6M |
| Gross Accounts Receivable | -- | -- | -- | 50.9M | -- |
| Income Tax Payable | 0.00 | 0.00 | 14.3M | 13.8M | 264,000 |
| Land And Improvements | -- | -- | -- | 9.4M | -- |
| Leases | -- | -- | -- | 26.9M | -- |
| Machinery Furniture Equipment | -- | -- | -- | 46.6M | -- |
| Non Current Deferred Assets | 27,000 | 21,000 | 16,000 | 129,000 | 124,000 |
| Non Current Deferred Liabilities | 17.1M | 15.6M | 15.1M | 16.0M | 16.6M |
| Non Current Deferred Taxes Assets | 27,000 | 21,000 | 16,000 | 129,000 | 124,000 |
| Non Current Deferred Taxes Liabilities | 17.1M | 15.6M | 15.1M | 16.0M | 16.6M |
| Other Current Borrowings | 4.9M | 4.8M | 10.3M | 10.4M | 19.7M |
| Other Payable | -- | -- | -- | -- | -- |
| Other Properties | 74.6M | 77.5M | 80.2M | 4.8M | 114.2M |
| Other Receivables | 3.1M | 2.7M | 4.3M | 5.5M | 5.1M |
| Properties | -- | -- | -- | 0.00 | -- |
| Raw Materials | 6.3M | 6.5M | 6.1M | 5.8M | 9.7M |
| Taxes Receivable | 708,000 | 1.5M | 138,000 | 87,000 | 1.9M |
| Total Tax Payable | 0.00 | 0.00 | 14.3M | 13.8M | 264,000 |
| 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 | 13.9M | 1.5M | 15.8M | 22.0M | 22.0M |
| Cash Flow From Continuing Operating Activities | 13.9M | 1.5M | 15.8M | 22.0M | 22.0M |
| Depreciation And Amortization | 3.9M | 4.0M | 4.3M | 4.7M | 4.9M |
| Depreciation Amortization Depletion | 3.9M | 4.0M | 4.3M | 4.7M | 4.9M |
| Stock Based Compensation | 0.00 | 0.00 | 0.00 | -272,000 | 0.00 |
| Deferred Tax | 3.1M | 2.2M | -321,000 | -4.0M | 141,000 |
| Deferred Income Tax | 3.1M | 2.2M | -321,000 | -4.0M | 141,000 |
| Change In Working Capital | 79,000 | 3.6M | -386,000 | 111,000 | -4.4M |
| Changes In Account Receivables | -953,000 | 185,000 | 5.8M | -6.2M | 6.2M |
| Change In Receivables | -953,000 | 185,000 | 5.8M | -6.2M | 6.2M |
| Change In Inventory | 154,000 | -377,000 | -299,000 | 191,000 | -243,000 |
| Change In Payables And Accrued Expense | 1.3M | 2.2M | -7.1M | 7.2M | -10.6M |
| Change In Payable | 1.2M | 385,000 | -3.5M | 3.7M | -11.9M |
| Other Non Cash Items | -3.9M | 140,000 | 4.2M | -16.9M | 8.0M |
| Capital Expenditure | -1.1M | -1.2M | -785,000 | -1.1M | -448,000 |
| Purchase Of PPE | -1.1M | -1.2M | -785,000 | -1.1M | -448,000 |
| Net PPE Purchase And Sale | -1.1M | -1.2M | -785,000 | -1.1M | -448,000 |
| Purchase Of Business | -- | -- | -- | 0.00 | 0.00 |
| Sale Of Business | -- | -- | -- | 92.5M | -- |
| Investing Cash Flow | -1.1M | -1.2M | -785,000 | 91.3M | -448,000 |
| Cash Flow From Continuing Investing Activities | -1.1M | -1.2M | -785,000 | 91.3M | -448,000 |
| Repayment Of Debt | -3.8M | -4.0M | -3.9M | -9.4M | -6.2M |
| Net Issuance Payments Of Debt | -2.7M | -4.0M | -3.9M | -9.4M | -6.2M |
| Repurchase Of Capital Stock | -5.7M | -7.0M | -45.8M | -5.3M | -5.7M |
| Net Common Stock Issuance | -5.7M | -7.0M | -45.8M | -5.3M | -5.7M |
| Common Stock Dividend Paid | -1.2M | -1.2M | -1.4M | -1.6M | -1.6M |
| Common Stock Payments | -5.7M | -7.0M | -45.8M | -5.3M | -5.7M |
| Financing Cash Flow | -15.0M | -16.9M | -57.6M | -23.5M | -20.8M |
| Cash Flow From Continuing Financing Activities | -15.0M | -16.9M | -57.6M | -23.5M | -20.8M |
| Effect Of Exchange Rate Changes | -18,000 | -29,000 | -130,000 | 9,000 | -14,000 |
| Changes In Cash | -2.2M | -16.7M | -42.6M | 89.8M | 701,000 |
| Beginning Cash Position | 49.0M | 65.7M | 108.5M | 18.7M | 18.0M |
| End Cash Position | 46.8M | 49.0M | 65.7M | 108.5M | 18.7M |
| Free Cash Flow | 12.8M | 254,000 | 15.0M | 20.8M | 21.5M |
| Amortization Cash Flow | 136,000 | 135,000 | 133,000 | 135,000 | 136,000 |
| Amortization Of Intangibles | 136,000 | 135,000 | 133,000 | 135,000 | 136,000 |
| Asset Impairment Charge | -- | -- | -- | 2.3M | -- |
| Cash Dividends Paid | -1.2M | -1.2M | -1.4M | -1.6M | -1.6M |
| Change In Account Payable | 1.2M | 385,000 | -3.5M | 3.7M | 85,000 |
| Change In Accrued Expense | 92,000 | 1.8M | -3.5M | 3.5M | 1.3M |
| Change In Prepaid Assets | -450,000 | 1.6M | 1.2M | -1.1M | 198,000 |
| Depreciation | 3.8M | 3.9M | 4.1M | 4.6M | 4.7M |
| Earnings Losses From Equity Investments | -- | -- | -- | 0.00 | -- |
| Gain Loss On Sale Of Business | -- | -- | -- | -33.6M | -- |
| Interest Paid Cfo | -1.3M | -864,000 | -1.1M | -1.9M | -2.5M |
| Long Term Debt Payments | -3.8M | -4.0M | -3.9M | -19.8M | -6.2M |
| Net Business Purchase And Sale | -- | -- | -- | 92.5M | 0.00 |
| Net Foreign Currency Exchange Gain Loss | 18,000 | 29,000 | 130,000 | -9,000 | 14,000 |
| Net Income From Continuing Operations | 12.9M | 9.6M | 9.0M | 73.0M | 17.4M |
| Net Long Term Debt Issuance | -2.7M | -4.0M | -3.9M | -19.8M | -6.2M |
| Net Other Financing Charges | -5.3M | -4.7M | -6.5M | -7.3M | -7.4M |
| Operating Gains Losses | 18,000 | 29,000 | 130,000 | -33.7M | 14,000 |
| Taxes Refund Paid | -864,000 | -17.3M | 30,000 | -1.4M | -1.6M |