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Earthworks Industries Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Aug 31, 2025 Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024
Total Revenue 0.00 0.00 0.00 0.00 0.00
Operating Revenue 0.00 0.00 0.00 0.00 0.00
Selling General And Administration 497,896 273,911 273,911 729,627 148,774
General And Administrative Expense 489,782 232,066 232,066 727,257 146,030
Depreciation And Amortization In Income Statement 527.00 264.00 264.00 264.00 232.00
Operating Expense 498,423 274,175 274,175 729,891 149,006
Operating Income -498,423 -274,175 -274,175 -729,891 -149,006
EBIT -498,423 -274,175 -274,175 -13.5M -149,006
Interest Expense 300,053 263,204 255,651 202,158 246,681
Interest Expense Non Operating 300,053 263,204 255,651 202,158 246,681
Net Interest Income -300,053 -263,204 -255,651 -312,341 -246,681
Special Income Charges -- -- 0.00 -- --
Write Off -- -- 0.00 -- --
Pretax Income -798,476 -537,379 -529,826 -13.7M -395,687
Tax Provision 0.00 0.00 0.00 -12,583 0.00
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -798,476 -537,379 -529,826 -13.6M -395,687
Net Income From Continuing Operation Net Minority Interest -798,476 -537,379 -529,826 -13.6M -395,687
Net Income Including Noncontrolling Interests -798,476 -537,379 -529,826 -13.6M -395,687
Net Income Common Stockholders -798,476 -537,379 -529,826 -13.6M -395,687
Net Income -798,476 -537,379 -529,826 -13.6M -395,687
EBITDA -497,896 -273,911 -273,911 -13.5M -148,774
Normalized EBITDA -497,896 -273,911 -273,911 -13.5M -148,774
Reconciled Depreciation 263.00 263.00 264.00 264.00 232.00
Basic EPS -0.01 -0.01 0.00 -- -0.01
Diluted EPS -0.01 -0.01 0.00 -- -0.01
Basic Average Shares 130.7M 128.5M 123.2M -- 113.2M
Diluted Average Shares 130.7M 128.5M 123.2M -- 113.2M
Total Unusual Items -- -- 0.00 -- --
Total Unusual Items Excluding Goodwill -- -- 0.00 -- --
Tax Rate For Calcs 0.00 0.00 0.00 0.00 0.00
Normalized Income -798,476 -537,379 -529,826 -13.6M -395,687
Amortization 527.00 264.00 264.00 264.00 232.00
Amortization Of Intangibles Income Statement 527.00 264.00 264.00 264.00 232.00
Depreciation Amortization Depletion Income Statement 527.00 264.00 264.00 264.00 232.00
Diluted NI Availto Com Stockholders -798,476 -537,379 -529,826 -13.6M -395,687
Net Income Continuous Operations -798,476 -537,379 -529,826 -13.6M -395,687
Net Non Operating Interest Income Expense -300,053 -263,204 -255,651 -312,341 -246,681
Other Gand A 371,731 172,821 172,821 775,435 86,111
Rent And Landing Fees 12,249 5,709 5,709 4,470 8,140
Rent Expense Supplemental 12,249 5,709 5,709 4,470 8,140
Salaries And Wages 105,802 53,536 53,536 -52,648 51,779
Selling And Marketing Expense 8,114 41,845 41,845 2,370 2,744
Total Expenses 498,423 274,175 274,175 729,891 149,006
Line Item Q3 2025Aug 31, 2025 Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024
Cash And Cash Equivalents 154,786 50,560 38,992 16,543 84,139
Cash Cash Equivalents And Short Term Investments 154,786 50,560 38,992 16,543 84,139
Cash Financial 154,786 50,560 38,992 16,543 84,139
Accounts Receivable 6,413 5,684 2,533 6,716 6,148
Receivables 6,413 5,684 2,533 6,716 6,148
Prepaid Assets 7,096 3,961 275,225 284.00 69,488
Current Assets 168,295 60,205 316,750 23,543 159,775
Gross PPE 1,947 2,210 2,474 2,737 3,001
Net PPE 1,947 2,210 2,474 2,737 3,001
Other Non Current Assets -- -- -- -- 12.3M
Total Non Current Assets 1,947 2,210 2,474 2,737 12.3M
Total Assets 170,242 62,415 319,224 26,280 12.5M
Current Debt 1.8M 1.8M 1.8M 1.5M 1.1M
Current Debt And Capital Lease Obligation 1.8M 1.8M 1.8M 1.5M 1.1M
Accounts Payable 494,176 338,952 458,741 638,373 464,736
Payables 916,444 760,144 902,396 1.1M 850,067
Payables And Accrued Expenses 1.4M 1.3M 1.4M 1.6M 1.3M
Current Accrued Expenses 529,622 518,324 507,264 496,670 486,181
Current Deferred Revenue -- -- -- 3.8M 2.8M
Other Current Liabilities -- -- -- -- 125,466
Current Liabilities 7.7M 7.2M 7.3M 6.9M 5.3M
Total Non Current Liabilities Net Minority Interest 0.00 0.00 0.00 0.00 0.00
Total Liabilities Net Minority Interest 7.7M 7.2M 7.3M 6.9M 5.3M
Common Stock 28.1M 28.0M 27.8M 27.3M 27.4M
Capital Stock 28.1M 28.0M 27.8M 27.3M 27.4M
Additional Paid In Capital 4.3M 4.3M 4.3M -- 4.1M
Retained Earnings -41.1M -40.7M -40.1M -39.5M -25.3M
Gains Losses Not Affecting Retained Earnings 860,700 898,954 651,037 5.4M 836,524
Other Equity Adjustments -- -- -- 5.4M --
Common Stock Equity -7.5M -7.2M -7.0M -6.8M 7.2M
Stockholders Equity -7.5M -7.2M -7.0M -6.8M 7.2M
Total Equity Gross Minority Interest -7.5M -7.2M -7.0M -6.8M 7.2M
Total Capitalization -7.5M -7.2M -7.0M -6.8M 7.2M
Net Tangible Assets -7.5M -7.2M -7.0M -6.8M 7.2M
Tangible Book Value -7.5M -7.2M -7.0M -6.8M 7.2M
Working Capital -7.5M -7.2M -7.0M -6.8M -5.1M
Invested Capital -5.7M -5.4M -5.2M -5.4M 8.3M
Total Debt 1.8M 1.8M 1.8M 1.5M 1.1M
Net Debt 1.6M 1.7M 1.7M 1.5M 970,563
Share Issued 130.7M 128.5M 123.2M 113.2M 113.2M
Ordinary Shares Number 130.7M 128.5M 123.2M 113.2M 113.2M
Current Deferred Liabilities 4.4M 4.2M 4.2M 3.8M 2.8M
Current Notes Payable -- -- 1.4M 1.3M 837,089
Foreign Currency Translation Adjustments 860,700 898,954 651,037 -- 836,524
Income Tax Payable 422,268 421,192 443,655 431,916 385,331
Interest Payable 529,622 518,324 507,264 496,670 486,181
Non Current Accrued Expenses 0.00 0.00 0.00 0.00 0.00
Non Current Deferred Liabilities 0.00 0.00 0.00 -- 0.00
Non Current Deferred Revenue -- -- -- -- 0.00
Other Current Borrowings 1.8M 1.8M 1.8M 1.5M 1.1M
Other Equity Interest 289,599 314,599 289,599 -- 289,599
Other Properties 1,947 2,210 2,474 2,737 3,001
Total Tax Payable 422,268 421,192 443,655 431,916 385,331
Line Item Q3 2025Aug 31, 2025 Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024
Operating Cash Flow 28,126 -254,132 -608,551 -2.3M -913,111
Cash Flow From Continuing Operating Activities 28,126 -254,132 -608,551 -860,122 186,543
Depreciation And Amortization 263.00 263.00 264.00 264.00 232.00
Depreciation Amortization Depletion 263.00 263.00 264.00 264.00 232.00
Stock Based Compensation 0.00 0.00 0.00 27,000 0.00
Change In Working Capital -492,997 421,280 -78,989 865,802 325,456
Changes In Account Receivables -729.00 -3,151 4,183 -- --
Change In Receivables -729.00 -3,151 4,183 -- --
Change In Payables And Accrued Expense -489,133 703,049 -358,113 -- --
Change In Payable 151,513 -463,603 167,893 -- --
Other Non Cash Items -- -- -- -2.1M -843,112
Purchase Of PPE -- -- 0.00 -- --
Net PPE Purchase And Sale -- -- 0.00 -- --
Investing Cash Flow 0.00 0.00 0.00 389,011 -389,166
Cash Flow From Continuing Investing Activities 0.00 0.00 0.00 389,011 -389,166
Issuance Of Debt 0.00 0.00 131,000 400,000 0.00
Repayment Of Debt 0.00 -- -- -- 0.00
Net Issuance Payments Of Debt 0.00 0.00 131,000 400,000 0.00
Issuance Of Capital Stock 112,500 277,100 486,400 0.00 0.00
Net Common Stock Issuance 112,500 277,100 486,400 0.00 0.00
Financing Cash Flow 76,100 265,700 631,000 403,515 0.00
Cash Flow From Continuing Financing Activities 76,100 265,700 631,000 403,515 0.00
Changes In Cash 104,226 11,568 22,449 -67,596 -222,625
Beginning Cash Position 50,560 38,992 16,543 84,139 306,764
End Cash Position 154,786 50,560 38,992 16,543 84,139
Free Cash Flow 28,126 -254,132 -608,551 -2.3M -913,111
Income Tax Paid Supplemental Data 0.00 0.00 0.00 0.00 0.00
Interest Paid Supplemental Data 0.00 0.00 0.00 0.00 0.00
Amortization Cash Flow 263.00 263.00 264.00 264.00 232.00
Amortization Of Intangibles 263.00 263.00 264.00 264.00 232.00
Asset Impairment Charge 0.00 -- -- -- 0.00
Capital Expenditure Reported -- -- 0.00 -- --
Change In Account Payable 151,513 -475,342 179,632 -- --
Change In Accrued Expense -640,646 1.2M -526,006 -- --
Change In Income Tax Payable 0.00 11,739 -11,739 -- --
Change In Interest Payable -640,646 1.2M -526,006 -- --
Change In Prepaid Assets -3,135 -278,618 274,941 -- --
Change In Tax Payable 0.00 11,739 -11,739 -- --
Common Stock Issuance 112,500 277,100 486,400 0.00 0.00
Long Term Debt Issuance -- -- 131,000 400,000 0.00
Long Term Debt Payments -- -- -- -- 0.00
Net Foreign Currency Exchange Gain Loss -7,890 -- -- -- 0.00
Net Income From Continuing Operations -361,196 -675,675 -529,826 -13.6M -395,687
Net Long Term Debt Issuance -- -- 131,000 400,000 0.00
Net Other Financing Charges -36,400 -11,400 13,600 -- 0.00
Net Other Investing Changes -- -- -- 392,526 -389,166
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