Diamond Estates Wines & Spirits Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 24.5M | 28.5M | 31.7M | 30.0M | -- |
| Operating Revenue | 24.5M | 28.5M | 31.7M | 30.0M | -- |
| Cost Of Revenue | 12.4M | 17.6M | 21.6M | 19.6M | -- |
| Gross Profit | 12.1M | 10.9M | 10.1M | 10.4M | -- |
| Selling General And Administration | 13.4M | 15.0M | 15.6M | 13.3M | -- |
| General And Administrative Expense | 10.5M | 11.6M | 11.9M | 10.7M | -- |
| Depreciation And Amortization In Income Statement | 554,530 | 825,362 | 1.0M | 1.0M | -- |
| Operating Expense | 13.9M | 15.8M | 16.6M | 14.3M | -- |
| Operating Income | -1.8M | -4.9M | -6.5M | -3.9M | -- |
| EBIT | -237,806 | -7.2M | -6.6M | -1.8M | -- |
| Interest Expense | 2.2M | 3.4M | 2.3M | 1.2M | -- |
| Interest Expense Non Operating | 2.2M | 3.4M | 2.3M | 1.2M | -- |
| Net Interest Income | -2.2M | -3.4M | -2.4M | -1.5M | -- |
| Other Income Expense | 1.6M | -2.3M | 32,521 | 2.4M | -- |
| Special Income Charges | 421,179 | -1.0M | -152,743 | 2.3M | -- |
| Restructuring And Mergern Acquisition | 2,549 | 284,216 | 457,257 | -2.5M | -- |
| Write Off | 410,000 | 0.00 | -- | -- | -- |
| Gain On Sale Of Security | 1.2M | -1.3M | 185,264 | 141,068 | -- |
| Pretax Income | -2.5M | -10.7M | -8.9M | -3.0M | -- |
| Tax Provision | -- | 0.00 | -344,500 | -526,557 | 0.00 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 1,263 | 420,440 | -- |
| Net Income From Continuing And Discontinued Operation | -2.5M | -10.7M | -8.5M | -2.5M | -- |
| Net Income From Continuing Operation Net Minority Interest | -2.5M | -10.7M | -8.5M | -2.5M | -- |
| Net Income Including Noncontrolling Interests | -2.5M | -10.7M | -8.5M | -2.5M | -- |
| Net Income Common Stockholders | -2.5M | -10.7M | -8.5M | -2.5M | -- |
| Net Income | -2.5M | -10.7M | -8.5M | -2.5M | -- |
| EBITDA | 1.1M | -5.7M | -5.0M | -180,500 | -- |
| Normalized EBITDA | -458,263 | -3.4M | -5.1M | -2.6M | -- |
| Reconciled Depreciation | 1.4M | 1.5M | 1.6M | 1.6M | -- |
| Basic EPS | -0.04 | -0.30 | -0.31 | -0.11 | -- |
| Diluted EPS | -0.04 | -0.30 | -0.31 | -0.11 | -- |
| Basic Average Shares | 59.2M | 35.4M | 27.9M | 22.0M | -- |
| Diluted Average Shares | 93.5M | 72.0M | 41.8M | 35.6M | -- |
| Total Unusual Items | 1.6M | -2.3M | 32,521 | 2.4M | -- |
| Total Unusual Items Excluding Goodwill | 1.6M | -2.3M | 32,521 | 2.4M | -- |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.04 | 0.18 | -- |
| Normalized Income | -4.0M | -8.3M | -8.6M | -4.4M | -- |
| Amortization | 296,718 | 385,272 | 364,726 | 377,381 | -- |
| Amortization Of Intangibles Income Statement | 296,718 | 385,272 | 364,726 | 377,381 | -- |
| Depreciation Amortization Depletion Income Statement | 554,530 | 825,362 | 1.0M | 1.0M | -- |
| Depreciation Income Statement | 257,812 | 440,090 | 672,485 | 644,998 | -- |
| Diluted NI Availto Com Stockholders | -2.5M | -10.7M | -8.5M | -2.5M | -- |
| Gain On Sale Of Ppe | 501,137 | -1.1M | 129,530 | 136,223 | -- |
| Impairment Of Capital Assets | 198,240 | 0.00 | 50,000 | 0.00 | -- |
| Net Income Continuous Operations | -2.5M | -10.7M | -8.5M | -2.5M | -- |
| Net Non Operating Interest Income Expense | -2.2M | -3.4M | -2.4M | -1.5M | -- |
| Other Gand A | 4.6M | 4.7M | 4.5M | 3.8M | -- |
| Other Special Charges | -530,831 | -326,319 | -224,984 | 373,734 | -- |
| Reconciled Cost Of Revenue | 11.6M | 16.9M | 21.1M | 19.0M | -- |
| Salaries And Wages | 5.9M | 6.9M | 7.4M | 6.9M | -- |
| Selling And Marketing Expense | 2.9M | 3.4M | 3.7M | 2.6M | -- |
| Total Expenses | 26.3M | 33.4M | 38.2M | 33.9M | -- |
| Total Other Finance Cost | -- | 88,700 | 102,576 | 276,598 | 341,337 |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Accounts Receivable | 3.1M | 2.4M | 3.1M | 3.9M | -- |
| Receivables | 8.1M | 4.8M | 3.2M | 4.1M | -- |
| Inventory | 15.2M | 18.3M | 26.3M | 28.9M | -- |
| Prepaid Assets | 751,409 | 904,557 | 341,667 | 383,727 | -- |
| Current Assets | 28.1M | 28.7M | 29.8M | 34.5M | -- |
| Gross PPE | 34.5M | 35.5M | 44.0M | 43.9M | -- |
| Accumulated Depreciation | -16.4M | -16.0M | -16.3M | -15.1M | -- |
| Net PPE | 18.1M | 19.5M | 27.7M | 28.8M | -- |
| Goodwill And Other Intangible Assets | 4.9M | 3.9M | 4.5M | 4.9M | -- |
| Other Intangible Assets | 4.9M | 3.9M | 4.5M | 4.9M | -- |
| Total Non Current Assets | 23.2M | 23.9M | 32.2M | 33.7M | -- |
| Total Assets | 51.2M | 52.6M | 62.0M | 68.2M | -- |
| Current Debt | 20.4M | 21.2M | 30.0M | 26.0M | -- |
| Current Debt And Capital Lease Obligation | 20.7M | 21.6M | 30.5M | 26.4M | -- |
| Accounts Payable | 3.1M | 4.0M | 4.5M | 6.7M | -- |
| Payables | 3.2M | 4.1M | 4.6M | 6.7M | -- |
| Payables And Accrued Expenses | 5.8M | 6.5M | 6.7M | 8.8M | -- |
| Current Accrued Expenses | 2.6M | 2.4M | 2.1M | 2.1M | -- |
| Other Current Liabilities | 1.6M | 3.0M | 590,327 | -- | -- |
| Current Liabilities | 28.1M | 31.1M | 37.8M | 35.2M | -- |
| Long Term Debt | -- | -- | -- | -- | 23.0M |
| Long Term Debt And Capital Lease Obligation | 462,297 | 601,224 | 1.9M | 2.3M | -- |
| Long Term Capital Lease Obligation | 462,297 | 601,224 | 1.9M | 2.3M | -- |
| Total Non Current Liabilities Net Minority Interest | 462,297 | 601,224 | 1.9M | 2.7M | -- |
| Total Liabilities Net Minority Interest | 28.5M | 31.7M | 39.7M | 37.9M | -- |
| Common Stock | 53.8M | 49.8M | 40.8M | 40.8M | -- |
| Capital Stock | 53.8M | 49.8M | 40.8M | 40.8M | -- |
| Additional Paid In Capital | 4.1M | 3.8M | 3.5M | 3.0M | -- |
| Retained Earnings | -35.2M | -32.7M | -22.1M | -13.6M | -- |
| Common Stock Equity | 22.7M | 20.9M | 22.3M | 30.3M | -- |
| Stockholders Equity | 22.7M | 20.9M | 22.3M | 30.3M | -- |
| Total Equity Gross Minority Interest | 22.7M | 20.9M | 22.3M | 30.3M | -- |
| Total Capitalization | 22.7M | 20.9M | 22.3M | 30.3M | -- |
| Net Tangible Assets | 17.8M | 17.0M | 17.8M | 25.4M | -- |
| Tangible Book Value | 17.8M | 17.0M | 17.8M | 25.4M | -- |
| Working Capital | 6,039 | -2.4M | -8.0M | -696,908 | -- |
| Invested Capital | 43.1M | 42.1M | 52.3M | 56.3M | -- |
| Total Debt | 21.1M | 22.2M | 32.4M | 28.7M | -- |
| Net Debt | 20.4M | 21.2M | 30.0M | 26.0M | -- |
| Share Issued | 65.8M | 48.1M | 27.9M | 27.9M | -- |
| Ordinary Shares Number | 65.8M | 48.1M | 27.9M | 27.9M | -- |
| Assets Held For Sale Current | 4.0M | 4.7M | 0.00 | -- | -- |
| Buildings And Improvements | 18.5M | 19.5M | 22.8M | 22.8M | -- |
| Capital Lease Obligations | 705,709 | 967,732 | 2.4M | 2.8M | -- |
| Current Capital Lease Obligation | 243,412 | 366,508 | 456,930 | 449,617 | -- |
| Finished Goods | 14.3M | 17.6M | 25.3M | 28.0M | -- |
| Land And Improvements | 2.3M | 2.3M | 5.3M | 5.3M | -- |
| Leases | 147,655 | 130,559 | 192,421 | 153,289 | -- |
| Loans Receivable | 500,000 | 0.00 | -- | -- | -- |
| Machinery Furniture Equipment | 12.7M | 12.6M | 14.8M | 14.7M | -- |
| Non Current Accounts Receivable | 178,375 | 500,000 | -- | -- | -- |
| Non Current Deferred Liabilities | -- | -- | 0.00 | 344,500 | 0.00 |
| Non Current Deferred Taxes Liabilities | -- | -- | 0.00 | 344,500 | 0.00 |
| Non Current Note Receivables | -- | 500,000 | 0.00 | -- | -- |
| Other Current Borrowings | 20.4M | 21.2M | 30.0M | 26.0M | -- |
| Other Payable | 105,285 | 97,513 | 101,651 | 62,438 | -- |
| Other Properties | 857,428 | 838,342 | 838,342 | 940,854 | -- |
| Other Receivables | 4.5M | 2.4M | 44,877 | 168,999 | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Raw Materials | 869,734 | 761,698 | 968,194 | 904,908 | -- |
| Restricted Cash | -- | -- | 0.00 | 1.1M | 0.00 |
| Taxes Receivable | -- | -- | -- | 0.00 | 21,000 |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -1.1M | -2.7M | -4.2M | -2.3M | -- |
| Cash Flow From Continuing Operating Activities | -1.1M | -2.7M | -4.2M | -2.3M | -- |
| Depreciation And Amortization | 1.4M | 1.5M | 1.6M | 1.6M | -- |
| Depreciation Amortization Depletion | 1.4M | 1.5M | 1.6M | 1.6M | -- |
| Stock Based Compensation | 366,894 | 342,187 | 502,181 | 568,232 | -- |
| Deferred Tax | -- | 0.00 | -344,500 | -526,557 | 0.00 |
| Deferred Income Tax | -- | 0.00 | -344,500 | -526,557 | 0.00 |
| Change In Working Capital | 11,369 | 2.7M | 1.8M | 100,650 | -- |
| Changes In Account Receivables | -1.9M | -1.7M | 2.0M | -2.3M | -- |
| Change In Receivables | -1.9M | -1.7M | 2.0M | -2.3M | -- |
| Change In Inventory | 3.1M | 5.5M | 2.0M | -1.4M | -- |
| Change In Payables And Accrued Expense | -1.3M | -538,535 | -2.3M | 3.8M | -- |
| Other Non Cash Items | 2.0M | 3.3M | 3.4M | -690,801 | -- |
| Capital Expenditure | -241,996 | -148,519 | -295,020 | -476,757 | -- |
| Purchase Of PPE | -241,996 | -148,519 | -295,020 | -476,757 | -- |
| Net PPE Purchase And Sale | -241,996 | 60,645 | -295,020 | -340,534 | -- |
| Purchase Of Business | -- | -- | 0.00 | -2.8M | 0.00 |
| Sale Of Business | 0.00 | 3.3M | 0.00 | -- | -- |
| Investing Cash Flow | -189,974 | 3.3M | -295,020 | -3.1M | -- |
| Cash Flow From Continuing Investing Activities | -189,974 | 3.3M | -295,020 | -3.1M | -- |
| Issuance Of Debt | 3.6M | 0.00 | 6.1M | 1.6M | -- |
| Repayment Of Debt | -4.6M | -9.4M | -1.6M | -2.4M | -- |
| Net Issuance Payments Of Debt | -1.0M | -9.4M | 4.5M | -857,318 | -- |
| Issuance Of Capital Stock | 2.3M | 8.9M | 0.00 | 6.3M | -- |
| Net Common Stock Issuance | 2.3M | 8.9M | 0.00 | 6.3M | -- |
| Financing Cash Flow | 1.2M | -628,146 | 4.5M | 5.4M | -- |
| Cash Flow From Continuing Financing Activities | 1.2M | -628,146 | 4.5M | 5.4M | -- |
| Beginning Cash Position | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| End Cash Position | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Free Cash Flow | -1.3M | -2.8M | -4.5M | -2.8M | -- |
| Amortization Cash Flow | 296,718 | 385,272 | 364,726 | 377,381 | -- |
| Amortization Of Intangibles | 296,718 | 385,272 | 364,726 | 377,381 | -- |
| Asset Impairment Charge | 410,000 | 0.00 | 50,000 | 0.00 | -- |
| Change In Prepaid Assets | 154,949 | -603,130 | 42,060 | -60,853 | -- |
| Common Stock Issuance | 2.3M | 8.9M | 0.00 | 6.3M | -- |
| Depreciation | 1.1M | 1.2M | 1.2M | 1.3M | -- |
| Gain Loss On Investment Securities | -1.2M | 1.3M | -185,264 | -141,068 | -- |
| Gain Loss On Sale Of Business | 0.00 | 1.3M | 0.00 | -- | -- |
| Gain Loss On Sale Of PPE | -302,897 | -209,164 | -129,530 | -136,223 | -- |
| Interest Paid Cfo | -1.3M | -2.3M | -2.2M | -1.0M | -- |
| Long Term Debt Issuance | 3.6M | 0.00 | 6.1M | 1.6M | -- |
| Long Term Debt Payments | -4.6M | -9.4M | -317,801 | -2.4M | -- |
| Net Business Purchase And Sale | 0.00 | 3.3M | 0.00 | -2.8M | -- |
| Net Income From Continuing Operations | -2.5M | -10.7M | -8.5M | -2.5M | -- |
| Net Intangibles Purchase And Sale | -- | -- | -- | -83,321 | -120,169 |
| Net Long Term Debt Issuance | -1.0M | -9.4M | -317,801 | -857,318 | -- |
| Net Other Financing Charges | -- | -190,096 | -- | -- | -88,325 |
| Net Other Investing Changes | 52,022 | -- | -- | -- | -- |
| Net Short Term Debt Issuance | -- | -9.0M | 4.9M | -- | -- |
| Operating Gains Losses | -1.5M | 2.4M | -539,778 | 96,443 | -- |
| Proceeds From Stock Option Exercised | -- | -- | -- | -- | 0.00 |
| Purchase Of Intangibles | -- | -- | -- | -83,321 | -120,169 |
| Sale Of PPE | 0.00 | 209,164 | 0.00 | 136,223 | -- |
| Short Term Debt Issuance | -- | 0.00 | 6.1M | -- | -- |
| Short Term Debt Payments | -- | -9.0M | -1.2M | -- | -- |