Firm Capital Mortgage Investment Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 50.8M | 50.5M | 43.1M | 34.2M |
| Operating Revenue | 50.8M | 50.5M | 43.1M | 34.2M |
| Selling General And Administration | 1.7M | 1.8M | 3.2M | 1.2M |
| General And Administrative Expense | 1.7M | 1.8M | 3.2M | 1.2M |
| Interest Expense | 14.2M | 15.7M | 14.9M | 11.1M |
| Interest Income | 65.7M | 70.9M | 59.6M | 47.2M |
| Net Interest Income | 51.5M | 55.2M | 44.7M | 36.1M |
| Gain On Sale Of Security | -3.7M | -5.7M | -2.1M | -2.6M |
| Pretax Income | 35.2M | 34.2M | 32.2M | 30.0M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | 35.2M | 34.2M | 32.2M | 30.0M |
| Net Income From Continuing Operation Net Minority Interest | 35.2M | 34.2M | 32.2M | 30.0M |
| Net Income Including Noncontrolling Interests | 35.2M | 34.2M | 32.2M | 30.0M |
| Net Income Common Stockholders | 35.2M | 34.2M | 32.2M | 30.0M |
| Net Income | 35.2M | 34.2M | 32.2M | 30.0M |
| Basic EPS | 1.00 | 0.99 | 0.94 | 0.95 |
| Diluted EPS | 0.99 | 0.98 | 0.93 | 0.94 |
| Basic Average Shares | 35.4M | 34.5M | 34.3M | 31.6M |
| Diluted Average Shares | 39.9M | 41.1M | 40.9M | 40.5M |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.26 | 0.27 |
| Normalized Income | 35.2M | 34.2M | 32.2M | 30.0M |
| Average Dilution Earnings | 4.3M | 6.3M | 5.8M | 8.1M |
| Diluted NI Availto Com Stockholders | 39.5M | 40.4M | 38.1M | 38.1M |
| Net Income Continuous Operations | 35.2M | 34.2M | 32.2M | 30.0M |
| Other Gand A | 1.6M | 1.7M | 1.5M | 1.2M |
| Other Non Interest Expense | 4.6M | 4.8M | 4.7M | 4.2M |
| Salaries And Wages | 82,665 | 82,439 | 1.7M | 71,003 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 0.00 | 9.4M | 0.00 | -- |
| Accounts Receivable | 6.8M | 5.5M | 5.7M | 4.7M |
| Receivables | 7.6M | 5.5M | 5.7M | 4.7M |
| Prepaid Assets | 496,982 | 297,212 | 637,567 | 169,225 |
| Investments And Advances | 623.2M | 574.5M | 649.8M | 635.4M |
| Total Assets | 631.2M | 589.6M | 656.2M | 640.3M |
| Current Debt | 66.3M | 24.7M | 73.0M | 74.5M |
| Current Debt And Capital Lease Obligation | 66.3M | 24.7M | 73.0M | 74.5M |
| Accounts Payable | 3.0M | 3.1M | 2.7M | 2.2M |
| Payables | 7.9M | 7.6M | 5.9M | 5.3M |
| Payables And Accrued Expenses | 7.9M | 7.6M | 5.9M | 5.3M |
| Long Term Debt | 133.6M | 158.1M | 178.3M | 177.8M |
| Long Term Debt And Capital Lease Obligation | 133.6M | 158.1M | 178.3M | 177.8M |
| Total Liabilities Net Minority Interest | 207.8M | 190.4M | 257.1M | 257.6M |
| Common Stock | 413.1M | 389.0M | 388.9M | 376.8M |
| Capital Stock | 413.1M | 389.0M | 388.9M | 376.8M |
| Additional Paid In Capital | 2.9M | 2.6M | 2.3M | 1.9M |
| Retained Earnings | -1.7M | -1.7M | -1.8M | -1.4M |
| Common Stock Equity | 423.4M | 399.2M | 399.0M | 382.7M |
| Stockholders Equity | 423.4M | 399.2M | 399.0M | 382.7M |
| Total Equity Gross Minority Interest | 423.4M | 399.2M | 399.0M | 382.7M |
| Total Capitalization | 557.0M | 557.3M | 577.3M | 560.5M |
| Net Tangible Assets | 423.4M | 399.2M | 399.0M | 382.7M |
| Tangible Book Value | 423.4M | 399.2M | 399.0M | 382.7M |
| Invested Capital | 623.3M | 582.0M | 650.3M | 635.0M |
| Total Debt | 199.9M | 182.8M | 251.2M | 252.4M |
| Net Debt | 199.9M | 173.4M | 251.2M | 252.4M |
| Share Issued | 36.7M | 34.5M | 34.5M | 33.6M |
| Ordinary Shares Number | 36.7M | 34.5M | 34.5M | 33.6M |
| Available For Sale Securities | 623.2M | 574.5M | 649.8M | 635.4M |
| Cash Cash Equivalents And Federal Funds Sold | -- | 9.4M | -- | -- |
| Dividends Payable | 4.9M | 4.6M | 3.2M | 3.0M |
| Line Of Credit | 66.3M | 24.7M | 73.0M | 74.5M |
| Non Current Deferred Liabilities | -- | -- | -- | 1.4M |
| Non Current Deferred Revenue | -- | -- | -- | 1.4M |
| Other Equity Interest | 9.2M | 9.3M | 9.6M | 5.3M |
| Other Receivables | 792,485 | 21,707 | 34,320 | 22,778 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -13.8M | 112.9M | 51.9M | 41.0M |
| Cash Flow From Continuing Operating Activities | -13.8M | 112.9M | 51.9M | 41.0M |
| Stock Based Compensation | 82,665 | 82,439 | 1.7M | 71,002 |
| Change In Working Capital | 125,738 | -1.9M | -2.0M | -1.6M |
| Change In Receivables | -202,264 | -2.2M | -2.2M | -1.8M |
| Change In Payables And Accrued Expense | 328,002 | 367,721 | 183,989 | 114,527 |
| Change In Payable | 328,002 | 367,721 | 183,989 | 114,527 |
| Other Non Cash Items | -49.6M | 78.5M | 14.9M | 11.1M |
| Purchase Of Investment | -- | -249.5M | -461.8M | -515.2M |
| Sale Of Investment | -- | 312.3M | 443.1M | 432.0M |
| Net Investment Purchase And Sale | -- | 62.8M | -18.8M | -83.2M |
| Investing Cash Flow | -- | 62.8M | -18.8M | -83.2M |
| Cash Flow From Continuing Investing Activities | -- | 62.8M | -18.8M | -83.2M |
| Issuance Of Debt | 87.4M | 54.7M | 47.4M | 46.0M |
| Repayment Of Debt | -84.0M | -110.2M | -29.3M | 0.00 |
| Net Issuance Payments Of Debt | 3.4M | -55.5M | 18.2M | 46.4M |
| Issuance Of Capital Stock | 25.4M | 38,475 | 418,932 | 24.6M |
| Net Common Stock Issuance | 25.4M | 38,475 | 418,932 | 24.6M |
| Common Stock Dividend Paid | -34.8M | -32.8M | -32.5M | -29.6M |
| Financing Cash Flow | -7.3M | -88.3M | -27.7M | 40.4M |
| Cash Flow From Continuing Financing Activities | -7.3M | -88.3M | -27.7M | 40.4M |
| Changes In Cash | -21.1M | 24.6M | 5.3M | -1.9M |
| Beginning Cash Position | 9.4M | -15.2M | -20.6M | -18.7M |
| End Cash Position | -11.7M | 9.4M | -15.2M | -20.6M |
| Free Cash Flow | -13.8M | 112.9M | 51.9M | 41.0M |
| Cash Dividends Paid | -34.8M | -32.8M | -32.5M | -29.6M |
| Change In Account Payable | 328,002 | 367,721 | 183,989 | 114,527 |
| Common Stock Issuance | 25.4M | 38,475 | 418,932 | 24.6M |
| Interest Paid Cff | -- | -13.4M | -12.3M | -8.9M |
| Interest Paid Cfo | -12.6M | -13.4M | -- | -- |
| Long Term Debt Issuance | -- | 0.00 | 43.7M | 46.0M |
| Long Term Debt Payments | -26.5M | -22.5M | -29.3M | 0.00 |
| Net Income From Continuing Operations | 35.2M | 34.2M | 32.2M | 30.0M |
| Net Long Term Debt Issuance | -26.5M | -22.5M | 14.4M | 46.0M |
| Net Other Financing Charges | -1.3M | 1,176 | -2.1M | -3.3M |
| Net Short Term Debt Issuance | 29.9M | -33.0M | 3.7M | 412,106 |
| Operating Gains Losses | -- | -- | -- | -1.2M |
| Proceeds From Stock Option Exercised | -- | 0.00 | 530,100 | 11.2M |
| Short Term Debt Issuance | 87.4M | 54.7M | 3.7M | 412,106 |
| Short Term Debt Payments | -57.5M | -87.7M | 0.00 | -- |
| Unrealized Gain Loss On Investment Securities | 3.7M | 5.7M | 2.1M | 2.6M |