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Electrovaya 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 63.6M 44.6M 43.4M 15.6M --
Operating Revenue 63.6M 44.0M 42.4M 15.3M --
Cost Of Revenue 44.1M 30.9M 32.2M 12.4M --
Gross Profit 19.5M 13.7M 11.2M 3.2M --
Selling General And Administration 8.4M 9.0M 6.8M 7.4M --
General And Administrative Expense 5.4M 6.1M 4.9M 6.3M --
Research And Development 4.4M 3.0M 3.4M 3.4M --
Depreciation And Amortization In Income Statement 1.5M 1.2M 907,000 503,000 --
Other Operating Expenses -339,000 -342,000 -1.1M -860,000 --
Operating Expense 13.9M 12.9M 10.0M 10.5M --
Operating Income 5.5M 729,000 1.2M -7.3M --
EBIT 3.9M 1.7M 341,000 -6.9M --
Interest Expense 2.6M 3.2M 2.5M 2.3M --
Interest Expense Non Operating 2.6M 3.2M 2.5M 2.3M --
Net Interest Income -2.8M -3.7M -2.8M -3.0M --
Other Income Expense -1.5M 1.5M -526,000 1.1M --
Gain On Sale Of Security -1.5M 1.5M -526,000 1.1M --
Pretax Income 1.3M -1.5M -2.2M -9.2M --
Tax Provision -2.1M 0.00 -679,000 0.00 --
Tax Effect Of Unusual Items -221,250 0.00 -165,502 0.00 --
Net Income From Continuing And Discontinued Operation 3.4M -1.5M -1.5M -9.2M --
Net Income From Continuing Operation Net Minority Interest 3.4M -1.5M -1.5M -9.2M --
Net Income Including Noncontrolling Interests 3.4M -1.5M -1.5M -9.2M --
Net Income Common Stockholders 3.4M -1.5M -1.5M -9.2M --
Net Income 3.4M -1.5M -1.5M -9.2M --
EBITDA 5.4M 2.9M 1.2M -6.4M --
Normalized EBITDA 6.9M 1.4M 1.8M -7.5M --
Reconciled Depreciation 1.5M 1.2M 907,000 503,000 --
Basic EPS 0.09 -0.04 -0.04 -0.31 --
Diluted EPS 0.08 -0.04 -0.04 -0.31 --
Basic Average Shares 39.1M 34.0M 33.8M 29.3M --
Diluted Average Shares 41.4M 34.0M 33.8M 29.3M --
Total Unusual Items -1.5M 1.5M -526,000 1.1M --
Total Unusual Items Excluding Goodwill -1.5M 1.5M -526,000 1.1M --
Tax Rate For Calcs 0.15 0.00 0.31 0.00 --
Normalized Income 4.6M -3.0M -1.1M -10.3M --
Amortization -- -- -- 399,000 319,000
Amortization Of Intangibles Income Statement -- -- -- 399,000 319,000
Depreciation Amortization Depletion Income Statement 1.5M 1.2M 907,000 503,000 --
Depreciation Income Statement -- -- 907,000 503,000 --
Diluted NI Availto Com Stockholders 3.4M -1.5M -1.5M -9.2M --
Net Income Continuous Operations 3.4M -1.5M -1.5M -9.2M --
Net Non Operating Interest Income Expense -2.8M -3.7M -2.8M -3.0M --
Other Gand A 3.7M 3.9M 3.7M 3.0M --
Reconciled Cost Of Revenue 44.2M 30.9M 32.2M 12.4M --
Salaries And Wages 1.8M 2.2M 1.2M 3.2M --
Selling And Marketing Expense 2.9M 2.9M 1.9M 1.1M --
Total Expenses 58.0M 43.9M 42.2M 22.9M --
Total Operating Income As Reported 5.5M 729,000 1.2M -7.3M --
Total Other Finance Cost 151,000 500,000 336,000 742,000 --
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 6.4M 781,000 1.0M 626,000 --
Cash Cash Equivalents And Short Term Investments 6.4M 781,000 1.0M 626,000 --
Accounts Receivable 13.7M 10.5M 9.1M 2.9M --
Receivables 16.5M 11.3M 10.6M 2.9M --
Inventory 12.5M 9.7M 8.3M 7.4M --
Prepaid Assets 6.0M 7.6M 6.0M 3.9M --
Current Assets 42.0M 29.4M 25.9M 14.8M --
Gross PPE 17.8M 13.8M 12.8M 9.0M --
Accumulated Depreciation -4.8M -3.9M -2.6M -1.7M --
Net PPE 13.0M 10.0M 10.1M 7.3M --
Total Non Current Assets 22.0M 10.1M 10.6M 7.4M --
Total Assets 63.9M 39.5M 36.5M 22.2M --
Current Debt -- 18.4M 16.3M 17.3M 8.6M
Current Debt And Capital Lease Obligation 358,000 18.9M 16.7M 17.4M --
Accounts Payable 6.8M 7.0M 6.0M 3.1M --
Payables 7.5M 7.7M 7.2M 4.7M --
Payables And Accrued Expenses 9.6M 9.5M 8.4M 5.2M --
Current Accrued Expenses 2.0M 1.7M 1.2M 545,000 --
Current Deferred Revenue -- -- -- 70,000 1.0M
Other Current Liabilities 144,000 155,000 1.5M -- --
Current Liabilities 10.1M 28.5M 26.6M 22.7M --
Long Term Debt 20.7M -- -- 3.5M --
Long Term Debt And Capital Lease Obligation 22.2M 1.9M 2.3M 5.7M --
Long Term Capital Lease Obligation 1.5M 1.9M 2.3M 2.2M --
Total Non Current Liabilities Net Minority Interest 22.7M 2.4M 2.8M 6.2M --
Total Liabilities Net Minority Interest 32.8M 30.9M 29.4M 28.9M --
Common Stock 134.9M 116.4M 115.0M 103.3M --
Capital Stock 134.9M 116.4M 115.0M 103.3M --
Additional Paid In Capital 11.5M 10.9M 9.2M 8.1M --
Retained Earnings -125.9M -129.2M -127.8M -129.0M --
Gains Losses Not Affecting Retained Earnings 5.9M 5.8M 5.9M 6.1M --
Other Equity Adjustments 5.9M 5.8M 5.9M 6.1M --
Common Stock Equity 31.1M 8.6M 7.1M -6.7M --
Stockholders Equity 31.1M 8.6M 7.1M -6.7M --
Total Equity Gross Minority Interest 31.1M 8.6M 7.1M -6.7M --
Total Capitalization 51.9M 8.6M 7.1M -3.2M --
Net Tangible Assets 31.1M 8.6M 7.1M -6.7M --
Tangible Book Value 31.1M 8.6M 7.1M -6.7M --
Working Capital 31.9M 887,000 -705,000 -7.9M --
Invested Capital 51.9M 27.0M 23.4M 14.0M --
Total Debt 22.6M 20.8M 19.0M 23.1M --
Net Debt 14.4M 17.7M 15.3M 20.1M --
Share Issued 42.1M 34.1M 33.8M 29.4M --
Ordinary Shares Number 42.1M 34.1M 33.8M 29.4M --
Allowance For Doubtful Accounts Receivable -82,000 -64,000 -257,000 -54,000 --
Buildings And Improvements 7.5M 7.5M 3.2M 2.6M --
Capital Lease Obligations 1.8M 2.3M 2.7M 2.4M --
Construction In Progress 2.0M 0.00 -- -- --
Current Capital Lease Obligation 358,000 471,000 389,000 164,000 --
Current Deferred Liabilities -- -- -- 70,000 1.0M
Current Notes Payable 0.00 519,000 1.0M 4.4M --
Duefrom Related Parties Current -- -- -- 374,000 0.00
Dueto Related Parties Current -- -- 0.00 531,000 --
Finished Goods 1.1M 941,000 1.5M 2.4M --
Gross Accounts Receivable 13.8M 10.6M 9.4M 2.9M --
Land And Improvements 215,000 215,000 7.7M 5.1M --
Leases 329,000 76,000 76,000 39,000 --
Line Of Credit 0.00 16.3M 11.8M 11.6M --
Machinery Furniture Equipment 120,000 105,000 73,000 56,000 --
Non Current Deferred Assets 2.1M 0.00 -- -- --
Non Current Deferred Taxes Assets 2.1M 0.00 -- -- --
Non Current Prepaid Assets 6.9M 90,000 459,000 88,000 --
Other Current Borrowings -- 1.6M 3.5M 1.3M 4.7M
Other Equity Interest 4.7M 4.7M 4.7M 4.7M --
Other Payable 776,000 704,000 1.2M 1.0M --
Other Properties 7.6M 6.0M 1.7M 1.2M --
Other Receivables 2.8M 779,000 1.5M 51,000 --
Properties 0.00 0.00 0.00 0.00 --
Raw Materials 11.3M 8.4M 6.6M 4.2M --
Restricted Cash 656,000 0.00 -- -- --
Tradeand Other Payables Non Current 525,000 495,000 419,000 542,000 --
Work In Process 0.00 324,000 165,000 755,000 --
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 1.7M 1.0M -5.2M -8.8M --
Cash Flow From Continuing Operating Activities 1.7M 1.0M -5.2M -8.8M --
Depreciation And Amortization 1.5M 1.2M 907,000 503,000 --
Depreciation Amortization Depletion 1.5M 1.2M 907,000 503,000 --
Stock Based Compensation 1.8M 2.2M 1.2M 3.2M --
Deferred Tax -2.1M 0.00 -679,000 -- --
Deferred Income Tax -2.1M 0.00 -679,000 -- --
Change In Working Capital -7.1M -2.3M -8.1M -6.4M --
Change In Receivables -5.2M -732,000 -7.8M -1.6M --
Change In Inventory -3.0M -1.4M -724,000 -2.8M --
Change In Payables And Accrued Expense 68,000 1.6M 2.6M 116,000 --
Change In Payable 68,000 1.6M 2.6M 116,000 --
Change In Other Working Capital -- -- -- -934,000 -1.1M
Other Non Cash Items 2.8M 3.7M 3.0M 3.0M --
Capital Expenditure -11.2M -666,000 -505,000 -203,000 --
Purchase Of PPE -11.2M -666,000 -505,000 -203,000 --
Net PPE Purchase And Sale -11.2M -666,000 -505,000 -203,000 --
Net Investment Purchase And Sale -- -541,000 -398,000 -9,000 --
Investing Cash Flow -12.0M -666,000 -903,000 -212,000 --
Cash Flow From Continuing Investing Activities -12.0M -666,000 -903,000 -212,000 --
Issuance Of Debt 84.1M 52.2M 35.7M 21.5M --
Repayment Of Debt -80.8M -50.4M -40.6M -12.3M --
Net Issuance Payments Of Debt 3.4M 1.8M -4.9M 9.2M --
Issuance Of Capital Stock 11.6M 0.00 7.2M 780,000 --
Net Common Stock Issuance 11.6M 0.00 7.2M 780,000 --
Financing Cash Flow 15.9M -629,000 6.6M 7.9M --
Cash Flow From Continuing Financing Activities 15.9M -629,000 6.6M 7.9M --
Effect Of Exchange Rate Changes 0.00 6,000 -9,000 -2.4M --
Changes In Cash 5.6M -257,000 415,000 -1.2M --
Beginning Cash Position 781,000 1.0M 626,000 4.2M --
End Cash Position 6.4M 781,000 1.0M 626,000 --
Free Cash Flow -9.5M 372,000 -5.7M -9.0M --
Income Tax Paid Supplemental Data 0.00 0.00 0.00 0.00 --
Interest Paid Supplemental Data 2.1M 2.2M 1.8M 2.3M --
Asset Impairment Charge 0.00 51,000 0.00 -- --
Cash Dividends Paid 0.00 0.00 0.00 0.00 --
Change In Account Payable -- -- 3.1M 43,000 -665,000
Change In Prepaid Assets 1.0M -1.7M -2.1M -2.1M --
Common Stock Issuance 11.6M 0.00 7.2M 780,000 --
Depreciation -- 1.2M 907,000 503,000 319,000
Gain Loss On Investment Securities 915,000 -1.3M -- -- --
Interest Paid Cff -2.1M -2.5M -2.0M -2.1M --
Long Term Debt Issuance 4.4M 0.00 -- -- --
Long Term Debt Payments -732,000 -735,000 -707,000 -744,000 --
Net Foreign Currency Exchange Gain Loss 576,000 -67,000 1,000 -- --
Net Income From Continuing Operations 3.4M -1.5M -1.5M -9.2M --
Net Long Term Debt Issuance 3.6M -735,000 -707,000 -744,000 --
Net Other Financing Charges -1.7M -55,000 -28,000 -17,000 --
Net Other Investing Changes -823,000 -- -- -374,000 --
Net Short Term Debt Issuance -287,000 2.6M -4.2M 9.9M --
Operating Gains Losses 1.6M -2.3M 1,000 -- --
Proceeds From Stock Option Exercised 4.8M 131,000 6.3M 27,000 --
Short Term Debt Issuance 79.8M 52.2M 35.7M 21.5M --
Short Term Debt Payments -80.0M -49.7M -39.9M -11.6M --
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