Eco (Atlantic) Oil & Gas Ltd.
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 | 0.00 | 0.00 | 66,571 | 3,556 | -- |
| Operating Revenue | 0.00 | 0.00 | 66,571 | 3,556 | -- |
| Selling General And Administration | 1.7M | 1.3M | 4.5M | 1.2M | -- |
| General And Administrative Expense | 1.7M | 1.3M | 4.5M | 1.2M | -- |
| Depreciation And Amortization In Income Statement | -- | -- | -- | -- | 24,204 |
| Other Operating Expenses | 4.0M | 3.5M | 33.9M | 2.8M | -- |
| Operating Expense | 5.7M | 4.8M | 38.4M | 3.9M | -- |
| Operating Income | -5.7M | -4.8M | -38.4M | -3.9M | -- |
| EBIT | -5.7M | -4.8M | -38.4M | -3.9M | -- |
| Interest Expense | -- | -- | -- | 0.00 | 2,275 |
| Interest Expense Non Operating | -- | -- | -- | 0.00 | 2,275 |
| Interest Income | 92,074 | 1,708 | -- | 3,556 | 47,097 |
| Interest Income Non Operating | 92,074 | 1,708 | -- | 3,556 | 47,097 |
| Net Interest Income | 81,775 | -11,413 | -26,869 | -13,889 | -- |
| Other Income Expense | 3.4M | -16.8M | 1.8M | -1.3M | -- |
| Special Income Charges | 3.4M | -17.1M | 0.00 | -- | -- |
| Write Off | 0.00 | 8.6M | 0.00 | -- | -- |
| Gain On Sale Of Security | -41,577 | 276,074 | 2.4M | -146,505 | -- |
| Earnings From Equity Interest | -- | 0.00 | -664,895 | -1.2M | 0.00 |
| Pretax Income | -2.3M | -21.7M | -36.6M | -5.3M | -- |
| Tax Provision | 0.00 | -536,694 | 0.00 | -- | -- |
| Tax Effect Of Unusual Items | 0.00 | -416,461 | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -2.3M | -21.1M | -36.7M | -6.6M | -- |
| Net Income From Continuing Operation Net Minority Interest | -2.3M | -21.1M | -36.8M | -5.3M | -- |
| Net Income Including Noncontrolling Interests | -2.3M | -21.1M | -36.6M | -6.6M | -- |
| Minority Interests | -- | -109,760 | -148,982 | 0.00 | 48,674 |
| Net Income Common Stockholders | -2.3M | -21.1M | -36.7M | -6.6M | -- |
| Net Income | -2.3M | -21.1M | -36.7M | -6.6M | -- |
| EBITDA | -5.7M | -4.8M | -38.4M | -3.9M | -- |
| Normalized EBITDA | -9.1M | 12.0M | -40.8M | -3.8M | -- |
| Reconciled Depreciation | -- | -- | -- | 0.00 | 24,204 |
| Basic EPS | -0.01 | -0.06 | -0.10 | -0.03 | -- |
| Diluted EPS | -0.01 | -0.06 | -0.10 | -0.03 | -- |
| Basic Average Shares | 358.1M | 369.3M | 349.6M | 195.9M | -- |
| Diluted Average Shares | 358.1M | 369.3M | 349.6M | 195.9M | -- |
| Total Unusual Items | 3.4M | -16.8M | 2.4M | -146,505 | -- |
| Total Unusual Items Excluding Goodwill | 3.4M | -16.8M | 2.4M | -146,505 | -- |
| Tax Rate For Calcs | 0.00 | 0.02 | 0.00 | 0.00 | -- |
| Normalized Income | -5.6M | -4.7M | -39.2M | -5.1M | -- |
| Amortization | -- | -- | -- | -- | 10,070 |
| Amortization Of Intangibles Income Statement | -- | -- | -- | -- | 10,070 |
| Depreciation Amortization Depletion Income Statement | -- | -- | -- | -- | 24,204 |
| Depreciation Income Statement | -- | -- | -- | -- | 14,134 |
| Diluted NI Availto Com Stockholders | -2.3M | -21.1M | -36.7M | -6.6M | -- |
| Gain On Sale Of Ppe | 3.4M | 0.00 | -- | -- | -- |
| Impairment Of Capital Assets | 0.00 | 8.8M | 0.00 | -- | -- |
| Insurance And Claims | 47,848 | 66,837 | 141,521 | 83,204 | -- |
| Net Income Continuous Operations | -2.3M | -21.1M | -36.6M | -5.3M | -- |
| Net Income Discontinuous Operations | -- | 0.00 | 80,204 | -1.3M | -195,522 |
| Net Non Operating Interest Income Expense | 81,775 | -11,413 | -26,869 | -13,889 | -- |
| Other Gand A | 1.1M | 1.1M | 1.4M | 1.0M | -- |
| Other Special Charges | -- | -299,360 | -- | -- | -- |
| Other Taxes | 0.00 | -536,694 | 0.00 | -- | -- |
| Rent And Landing Fees | 47,383 | 20,271 | 23,242 | 9,875 | -- |
| Rent Expense Supplemental | 47,383 | 20,271 | 23,242 | 9,875 | -- |
| Salaries And Wages | 426,897 | 95,695 | 3.0M | 14,495 | -- |
| Total Expenses | 5.7M | 4.8M | 38.4M | 3.9M | -- |
| Total Operating Income As Reported | -2.3M | -4.8M | -39.0M | -3.8M | -- |
| Total Other Finance Cost | 10,299 | 13,121 | 26,869 | 13,889 | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 4.7M | 3.0M | 4.1M | 3.4M | -- |
| Cash Cash Equivalents And Short Term Investments | 4.8M | 3.0M | 4.1M | 3.5M | -- |
| Other Short Term Investments | 69,676 | 13,107 | 13,107 | 52,618 | -- |
| Accounts Receivable | 54,550 | 38,539 | 1.5M | 257,911 | -- |
| Receivables | 320,301 | 115,087 | 2.0M | 285,398 | -- |
| Current Assets | 5.1M | 3.1M | 6.2M | 5.8M | -- |
| Gross PPE | -- | -- | -- | 0.00 | 332,495 |
| Net PPE | -- | -- | -- | 0.00 | 332,495 |
| Goodwill And Other Intangible Assets | 16.4M | 28.2M | 40.9M | 30.8M | -- |
| Other Intangible Assets | 16.4M | 28.2M | 40.9M | 30.8M | -- |
| Investments And Advances | -- | 0.00 | 8.6M | 9.3M | 0.00 |
| Long Term Equity Investment | -- | 0.00 | 8.6M | 9.3M | 0.00 |
| Other Non Current Assets | -- | -- | -- | -- | 490,455 |
| Total Non Current Assets | 16.4M | 28.2M | 49.5M | 40.0M | -- |
| Total Assets | 21.6M | 31.3M | 55.6M | 45.9M | -- |
| Current Debt And Capital Lease Obligation | -- | -- | -- | -- | 22,987 |
| Accounts Payable | 1.0M | 1.0M | 4.3M | 1.8M | -- |
| Payables | 1.2M | 1.2M | 4.7M | 1.9M | -- |
| Payables And Accrued Expenses | 1.2M | 1.2M | 4.7M | 1.9M | -- |
| Other Current Liabilities | -- | -- | 261,720 | 3.7M | -- |
| Current Liabilities | 1.2M | 1.2M | 5.0M | 5.6M | -- |
| Long Term Debt And Capital Lease Obligation | -- | -- | -- | 0.00 | 325,917 |
| Long Term Capital Lease Obligation | -- | -- | -- | 0.00 | 325,917 |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Total Liabilities Net Minority Interest | 1.2M | 1.2M | 5.0M | 5.6M | -- |
| Common Stock | 107.1M | 122.1M | 121.6M | 63.1M | -- |
| Capital Stock | 107.1M | 122.1M | 121.6M | 63.1M | -- |
| Retained Earnings | -100.1M | -109.1M | -88.0M | -51.4M | -- |
| Gains Losses Not Affecting Retained Earnings | -488,449 | -647,816 | -538,056 | -1.0M | -- |
| Other Equity Adjustments | 1.0M | 920,653 | 920,653 | 267,669 | -- |
| Common Stock Equity | 20.4M | 30.0M | 50.7M | 40.2M | -- |
| Stockholders Equity | 20.4M | 30.0M | 50.7M | 40.2M | -- |
| Total Equity Gross Minority Interest | 20.4M | 30.0M | 50.7M | 40.2M | -- |
| Minority Interest | -- | -- | -- | 0.00 | -48,674 |
| Total Capitalization | 20.4M | 30.0M | 50.7M | 40.2M | -- |
| Net Tangible Assets | 3.9M | 1.8M | 9.8M | 9.5M | -- |
| Tangible Book Value | 3.9M | 1.8M | 9.8M | 9.5M | -- |
| Working Capital | 3.9M | 1.8M | 1.2M | 191,745 | -- |
| Invested Capital | 20.4M | 30.0M | 50.7M | 40.2M | -- |
| Total Debt | -- | -- | -- | 0.00 | 348,904 |
| Share Issued | 315.2M | 370.2M | 367.3M | 202.7M | -- |
| Ordinary Shares Number | 315.2M | 370.2M | 367.3M | 202.7M | -- |
| Assets Held For Sale Current | -- | -- | 0.00 | 2.1M | 0.00 |
| Capital Lease Obligations | -- | -- | -- | 0.00 | 348,904 |
| Current Capital Lease Obligation | -- | -- | -- | 0.00 | 22,987 |
| Duefrom Related Parties Current | 206,818 | 49,578 | 477,578 | 0.00 | -- |
| Dueto Related Parties Current | 148,501 | 200,881 | 436,133 | 156,860 | -- |
| Foreign Currency Translation Adjustments | -1.5M | -1.6M | -1.5M | -1.3M | -- |
| Investmentsin Associatesat Cost | -- | 0.00 | 8.6M | 9.3M | 0.00 |
| Land And Improvements | -- | -- | -- | 0.00 | 332,495 |
| Non Current Prepaid Assets | -- | -- | -- | -- | 490,455 |
| Other Equity Interest | 13.8M | 17.7M | 17.6M | 29.5M | -- |
| Other Properties | -- | -- | -- | -- | 332,495 |
| Other Receivables | 58,933 | 26,970 | 22,494 | 27,487 | -- |
| Properties | -- | -- | -- | 0.00 | 0.00 |
| 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 | -5.5M | -5.3M | -35.8M | -4.6M | -- |
| Cash Flow From Continuing Operating Activities | -5.5M | -5.3M | -35.0M | -3.6M | -- |
| Depreciation And Amortization | -- | -- | -- | 0.00 | 24,204 |
| Depreciation Amortization Depletion | -- | -- | -- | 0.00 | 24,204 |
| Stock Based Compensation | 426,897 | 95,695 | 3.0M | 14,495 | -- |
| Change In Working Capital | -271,927 | -1.4M | 1.0M | 200,712 | -- |
| Changes In Account Receivables | -16,011 | 1.5M | -1.3M | 530,121 | -- |
| Change In Receivables | -47,974 | 1.5M | -1.3M | 525,331 | -- |
| Change In Payables And Accrued Expense | 15,239 | -3.1M | 2.5M | -7,279 | -- |
| Change In Other Working Capital | -239,192 | 223,399 | -191,025 | -317,340 | -- |
| Other Non Cash Items | -3.4M | -- | -- | -- | 2,672 |
| Capital Expenditure | -- | -- | -1.6M | -- | -- |
| Purchase Of PPE | -- | -- | -1.6M | 0.00 | -- |
| Net PPE Purchase And Sale | 7.4M | 5.0M | -1.6M | 0.00 | -- |
| Purchase Of Business | 0.00 | -700,000 | 0.00 | 0.00 | -- |
| Purchase Of Investment | -- | -- | -- | -- | -1.5M |
| Net Investment Purchase And Sale | -56,569 | 0.00 | 39,511 | 1.5M | -- |
| Investing Cash Flow | 7.2M | 4.3M | 948,238 | -8.5M | -- |
| Cash Flow From Continuing Investing Activities | 7.2M | 4.3M | -1.6M | -8.5M | -- |
| Issuance Of Capital Stock | -- | 0.00 | 35.7M | 4.8M | 0.00 |
| Net Common Stock Issuance | -- | 0.00 | 35.7M | 4.8M | 0.00 |
| Financing Cash Flow | -- | 0.00 | 35.7M | 4.9M | 0.00 |
| Cash Flow From Continuing Financing Activities | -- | 0.00 | 35.7M | 4.9M | 0.00 |
| Effect Of Exchange Rate Changes | 41,298 | -109,760 | -148,982 | -111,725 | -- |
| Changes In Cash | 1.7M | -1.0M | 820,882 | -8.3M | -- |
| Beginning Cash Position | 3.0M | 4.1M | 3.4M | 11.8M | -- |
| End Cash Position | 4.7M | 3.0M | 4.1M | 3.4M | -- |
| Free Cash Flow | -5.5M | -5.3M | -37.4M | -4.6M | -- |
| Asset Impairment Charge | 0.00 | 17.4M | 0.00 | -- | -- |
| Cash From Discontinued Investing Activities | -- | 0.00 | 2.5M | 0.00 | -- |
| Cash From Discontinued Operating Activities | -- | 0.00 | -839,029 | -1.0M | 0.00 |
| Common Stock Issuance | -- | 0.00 | 35.7M | 4.8M | 0.00 |
| Earnings Losses From Equity Investments | -- | 0.00 | 664,895 | 1.2M | 0.00 |
| Gain Loss On Investment Securities | -- | -261,720 | -3.0M | 263,136 | -- |
| Net Business Purchase And Sale | 0.00 | -700,000 | 0.00 | -10.0M | -- |
| Net Income From Continuing Operations | -2.3M | -21.1M | -36.6M | -5.3M | -- |
| Net Investment Properties Purchase And Sale | -150,000 | 0.00 | -- | -- | -- |
| Net Other Financing Charges | -- | -- | -- | 2,590 | -- |
| Net Other Investing Changes | -- | -- | -- | -- | -490,455 |
| Operating Gains Losses | -- | -261,720 | -2.3M | 1.4M | -- |
| Proceeds From Stock Option Exercised | -- | -- | 0.00 | 74,212 | 0.00 |
| Purchase Of Investment Properties | -150,000 | 0.00 | -- | -- | -- |
| Sale Of PPE | 7.4M | 5.0M | 0.00 | -- | -- |