Firan Technology Group Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Nov 30, 2025 | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 51.7M | 48.7M | 42.9M | 45.2M | 43.1M | 38.8M |
| Operating Revenue | 51.7M | 48.7M | 42.9M | 45.2M | 43.1M | 38.8M |
| Cost Of Revenue | 35.9M | 32.9M | 29.5M | 32.4M | 31.5M | 28.0M |
| Gross Profit | 15.7M | 15.9M | 13.3M | 12.8M | 11.6M | 10.8M |
| Selling General And Administration | 7.0M | 7.0M | 7.0M | 5.8M | 5.3M | 4.9M |
| General And Administrative Expense | 7.0M | 7.0M | 7.0M | 5.8M | 5.3M | 4.9M |
| Research And Development | 3.1M | 2.4M | 1.6M | 2.4M | 1.7M | 1.6M |
| Depreciation And Amortization In Income Statement | 366,000 | 359,000 | 380,000 | 103,000 | 117,000 | 122,000 |
| Operating Expense | 10.2M | 9.5M | 8.7M | 8.0M | 7.0M | 6.4M |
| Operating Income | 5.5M | 6.3M | 4.6M | 4.8M | 4.6M | 4.4M |
| EBIT | 5.0M | 5.9M | 5.5M | 5.9M | 4.8M | 4.3M |
| Interest Expense | 628,000 | 737,000 | 624,000 | 529,000 | 569,000 | 585,000 |
| Interest Expense Non Operating | 628,000 | 737,000 | 624,000 | 529,000 | 569,000 | 585,000 |
| Interest Income | -- | -- | 6,000 | -- | -- | -- |
| Interest Income Non Operating | -- | -- | 6,000 | -- | -- | -- |
| Net Interest Income | -628,000 | -737,000 | -618,000 | -529,000 | -569,000 | -585,000 |
| Other Income Expense | -507,000 | -417,000 | 875,000 | 1.1M | 225,000 | -46,000 |
| Gain On Sale Of Security | -507,000 | -417,000 | 875,000 | 277,000 | 225,000 | -46,000 |
| Pretax Income | 4.4M | 5.2M | 4.8M | 5.4M | 4.3M | 3.7M |
| Tax Provision | 705,000 | 1.6M | 1.6M | 836,000 | 1.4M | 1.1M |
| Tax Effect Of Unusual Items | -81,495 | -128,388 | 287,689 | 172,696 | 76,194 | -13,811 |
| Net Income From Continuing And Discontinued Operation | 3.7M | 3.5M | 3.2M | 4.4M | 2.8M | 2.6M |
| Net Income From Continuing Operation Net Minority Interest | 3.7M | 3.5M | 3.2M | 4.4M | 2.8M | 2.6M |
| Net Income Including Noncontrolling Interests | 3.7M | 3.6M | 3.2M | 4.5M | 2.8M | 2.6M |
| Minority Interests | -19,000 | -101,000 | -81,000 | -70,000 | -60,000 | -62,000 |
| Net Income Common Stockholders | 3.7M | 3.5M | 3.2M | 4.4M | 2.8M | 2.6M |
| Net Income | 3.7M | 3.5M | 3.2M | 4.4M | 2.8M | 2.6M |
| EBITDA | 7.8M | 8.6M | 8.0M | 7.9M | 7.0M | 6.4M |
| Normalized EBITDA | 8.3M | 9.0M | 7.2M | 6.8M | 6.8M | 6.5M |
| Reconciled Depreciation | 2.8M | 2.7M | 2.6M | 2.1M | 2.2M | 2.1M |
| Basic EPS | -- | 0.14 | 0.13 | -- | 0.12 | 0.11 |
| Diluted EPS | -- | 0.13 | 0.13 | -- | 0.11 | 0.11 |
| Basic Average Shares | -- | 25.2M | 24.9M | -- | 23.9M | 23.9M |
| Diluted Average Shares | -- | 25.5M | 25.2M | -- | 24.2M | 24.2M |
| Total Unusual Items | -507,000 | -417,000 | 875,000 | 1.1M | 225,000 | -46,000 |
| Total Unusual Items Excluding Goodwill | -507,000 | -417,000 | 875,000 | 1.1M | 225,000 | -46,000 |
| Tax Rate For Calcs | 0.16 | 0.31 | 0.33 | 0.16 | 0.34 | 0.30 |
| Normalized Income | 4.1M | 3.8M | 2.6M | 3.5M | 2.6M | 2.6M |
| Amortization | 303,000 | 302,000 | 308,000 | 29,000 | 50,000 | 58,000 |
| Amortization Of Intangibles Income Statement | 303,000 | 302,000 | 308,000 | 29,000 | 50,000 | 58,000 |
| Depreciation Amortization Depletion Income Statement | 366,000 | 359,000 | 380,000 | 103,000 | 117,000 | 122,000 |
| Depreciation Income Statement | 63,000 | 57,000 | 72,000 | 74,000 | 67,000 | 64,000 |
| Diluted NI Availto Com Stockholders | 3.7M | 3.5M | 3.2M | 4.4M | 2.8M | 2.6M |
| Net Income Continuous Operations | 3.7M | 3.6M | 3.2M | 4.5M | 2.8M | 2.6M |
| Net Non Operating Interest Income Expense | -628,000 | -737,000 | -618,000 | -529,000 | -569,000 | -585,000 |
| Other Gand A | 6.8M | 6.8M | 6.7M | 5.7M | 5.1M | 4.8M |
| Other Taxes | -225,000 | -243,000 | -228,000 | -254,000 | -150,000 | -173,000 |
| Reconciled Cost Of Revenue | 33.5M | 30.5M | 27.4M | 30.5M | 29.4M | 26.0M |
| Salaries And Wages | 126,000 | 143,000 | 254,000 | 106,000 | 247,000 | 138,000 |
| Total Expenses | 46.1M | 42.4M | 38.3M | 40.5M | 38.5M | 34.4M |
| Line Item | Q4 2025Nov 30, 2025 | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 10.3M | 7.1M | 10.0M | 10.0M | 8.4M | 6.3M |
| Cash Cash Equivalents And Short Term Investments | 10.3M | 7.1M | 10.0M | 10.0M | 8.4M | 6.3M |
| Accounts Receivable | 41.2M | 34.9M | 32.4M | 33.7M | 30.7M | 27.4M |
| Receivables | 43.6M | 38.2M | 34.8M | 35.7M | 31.1M | 28.2M |
| Inventory | 39.7M | 42.0M | 41.2M | 34.4M | 37.3M | 38.5M |
| Prepaid Assets | -- | -- | 2.4M | 2.1M | -- | -- |
| Other Current Assets | 3.4M | 2.1M | -- | 2.7M | 2.0M | 2.2M |
| Current Assets | 97.0M | 89.4M | 88.4M | 82.8M | 78.8M | 75.2M |
| Gross PPE | 104.2M | 40.6M | 42.9M | 101.3M | 38.7M | 40.2M |
| Accumulated Depreciation | -65.1M | -- | -- | -60.5M | -- | -- |
| Net PPE | 39.2M | 40.6M | 42.9M | 40.8M | 38.7M | 40.2M |
| Goodwill | 23.3M | 21.4M | 21.0M | 9.3M | 8.9M | 9.0M |
| Goodwill And Other Intangible Assets | 36.0M | 34.8M | 35.2M | 10.8M | 10.5M | 10.6M |
| Other Intangible Assets | 12.7M | 13.3M | 14.2M | 1.6M | 1.5M | 1.6M |
| Total Non Current Assets | 75.8M | 76.1M | 80.0M | 52.8M | 49.4M | 51.3M |
| Total Assets | 172.8M | 165.5M | 168.3M | 135.6M | 128.2M | 126.5M |
| Current Debt | 4.5M | 6.0M | 3.7M | 1.6M | 869,000 | 875,000 |
| Current Debt And Capital Lease Obligation | 8.3M | 9.8M | 7.6M | 5.5M | 4.7M | 4.7M |
| Accounts Payable | 25.6M | 22.0M | 28.0M | 24.2M | 21.0M | 20.8M |
| Payables | 25.6M | 22.2M | 29.2M | 24.2M | 21.1M | 20.8M |
| Payables And Accrued Expenses | 25.6M | 22.2M | 29.2M | 24.2M | 21.1M | 20.8M |
| Current Deferred Revenue | 4.4M | 6.5M | 7.7M | 1.0M | 2.2M | 2.1M |
| Other Current Liabilities | -- | -- | -- | 1.5M | 2.2M | 2.2M |
| Current Liabilities | 39.2M | 39.4M | 45.5M | 32.9M | 31.0M | 30.5M |
| Long Term Debt | 13.9M | 14.6M | 14.6M | 9.0M | 9.7M | 10.8M |
| Long Term Debt And Capital Lease Obligation | 34.8M | 36.0M | 37.4M | 29.8M | 29.1M | 30.9M |
| Long Term Capital Lease Obligation | 20.9M | 21.4M | 22.8M | 20.8M | 19.4M | 20.1M |
| Total Non Current Liabilities Net Minority Interest | 36.6M | 36.0M | 37.4M | 29.8M | 29.1M | 30.9M |
| Total Liabilities Net Minority Interest | 75.8M | 75.4M | 82.9M | 62.7M | 60.1M | 61.3M |
| Common Stock | 30.1M | 30.1M | 30.1M | 21.1M | 21.1M | 21.1M |
| Capital Stock | 30.1M | 30.1M | 30.1M | 21.1M | 21.1M | 21.1M |
| Additional Paid In Capital | 9.1M | 8.8M | 8.7M | 8.7M | 8.8M | 8.7M |
| Retained Earnings | 54.9M | 48.5M | 45.0M | 41.9M | 37.4M | 34.6M |
| Gains Losses Not Affecting Retained Earnings | 2.3M | 1.9M | 848,000 | 417,000 | -231,000 | -209,000 |
| Other Equity Adjustments | 2.3M | 1.9M | 848,000 | 417,000 | -231,000 | -209,000 |
| Common Stock Equity | 96.5M | 89.3M | 84.7M | 72.2M | 67.1M | 64.3M |
| Stockholders Equity | 96.5M | 89.3M | 84.7M | 72.2M | 67.1M | 64.3M |
| Total Equity Gross Minority Interest | 97.0M | 90.1M | 85.4M | 72.8M | 68.1M | 65.2M |
| Minority Interest | 564,000 | 850,000 | 774,000 | 685,000 | 983,000 | 912,000 |
| Total Capitalization | 110.4M | 103.9M | 99.3M | 81.1M | 76.8M | 75.0M |
| Net Tangible Assets | 60.5M | 54.5M | 49.5M | 61.3M | 56.6M | 53.6M |
| Tangible Book Value | 60.5M | 54.5M | 49.5M | 61.3M | 56.6M | 53.6M |
| Working Capital | 57.8M | 50.1M | 42.9M | 49.9M | 47.8M | 44.8M |
| Invested Capital | 114.8M | 109.9M | 102.9M | 82.8M | 77.7M | 75.9M |
| Total Debt | 43.1M | 45.8M | 45.0M | 35.3M | 33.7M | 35.6M |
| Net Debt | 8.1M | 13.5M | 8.3M | 667,000 | 2.2M | 5.3M |
| Share Issued | 25.2M | 25.2M | 25.2M | 23.9M | 23.9M | 23.9M |
| Ordinary Shares Number | 25.2M | 25.2M | 25.2M | 23.9M | 23.9M | 23.9M |
| Buildings And Improvements | 21.9M | -- | -- | 22.5M | -- | -- |
| Capital Lease Obligations | 24.7M | 25.2M | 26.8M | 24.7M | 23.2M | 23.9M |
| Current Capital Lease Obligation | 3.8M | 3.8M | 3.9M | 3.8M | 3.8M | 3.8M |
| Current Deferred Liabilities | 4.4M | 6.5M | 7.7M | 1.0M | 2.2M | 2.1M |
| Current Provisions | 799,000 | 803,000 | 923,000 | 762,000 | 831,000 | 707,000 |
| Finished Goods | 7.8M | -- | -- | 7.3M | -- | -- |
| Income Tax Payable | -- | 221,000 | 1.2M | 0.00 | 55,000 | 0.00 |
| Leases | 9.7M | -- | -- | 9.2M | -- | -- |
| Machinery Furniture Equipment | 72.5M | -- | -- | 69.5M | -- | -- |
| Non Current Deferred Assets | 698,000 | 702,000 | 1.7M | 989,000 | 187,000 | 417,000 |
| Non Current Deferred Liabilities | 1.8M | -- | -- | 0.00 | -- | -- |
| Non Current Deferred Taxes Assets | 0.00 | 207,000 | 1.4M | 869,000 | 53,000 | 270,000 |
| Non Current Deferred Taxes Liabilities | 1.8M | -- | -- | 0.00 | -- | -- |
| Non Current Prepaid Assets | 0.00 | 59,000 | 173,000 | 130,000 | 84,000 | 0.00 |
| Other Current Borrowings | 4.5M | 6.0M | 3.7M | 1.6M | 869,000 | 875,000 |
| Other Properties | 177,000 | 40.6M | 42.9M | 143,000 | 38.7M | 40.2M |
| Other Receivables | 2.2M | 3.3M | 2.4M | 1.9M | 407,000 | 17,000 |
| Properties | 0.00 | -- | -- | 0.00 | -- | -- |
| Raw Materials | 14.2M | -- | -- | 12.7M | -- | -- |
| Taxes Receivable | 244,000 | 0.00 | 0.00 | 83,000 | -- | 716,000 |
| Total Tax Payable | -- | 221,000 | 1.2M | 0.00 | 55,000 | 0.00 |
| Treasury Shares Number | -- | -- | -- | -- | -- | 0.00 |
| Work In Process | 17.7M | -- | -- | 14.5M | -- | -- |
| Line Item | Q4 2025Nov 30, 2025 | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 3.3M | -1.3M | 10.3M | 4.1M | 5.2M | 3.7M |
| Cash Flow From Continuing Operating Activities | 3.3M | -1.3M | 10.3M | 4.1M | 5.2M | 3.7M |
| Depreciation And Amortization | 2.8M | 2.7M | 2.6M | 2.1M | 2.2M | 2.1M |
| Depreciation Amortization Depletion | 2.8M | 2.7M | 2.6M | 2.1M | 2.2M | 2.1M |
| Stock Based Compensation | 125,000 | 144,000 | 120,000 | -69,000 | 121,000 | 135,000 |
| Deferred Tax | 162,000 | 40,000 | 40,000 | -414,000 | 30,000 | 35,000 |
| Deferred Income Tax | 162,000 | 40,000 | 40,000 | -414,000 | 30,000 | 35,000 |
| Change In Working Capital | -4.2M | -7.8M | 3.6M | -1.6M | -430,000 | -1.8M |
| Change In Receivables | -7.9M | -3.4M | 4.0M | -4.6M | -3.8M | -1.4M |
| Change In Inventory | 3.3M | -1.3M | -4.1M | 2.9M | 978,000 | -700,000 |
| Change In Payables And Accrued Expense | 1.3M | -6.9M | 2.6M | 2.9M | 1.2M | -1.0M |
| Change In Payable | 1.3M | -6.9M | 2.6M | 2.9M | 1.2M | -1.0M |
| Change In Other Working Capital | -954,000 | -1.2M | 3.3M | -1.2M | 137,000 | 542,000 |
| Other Non Cash Items | 863,000 | 622,000 | 624,000 | -349,000 | 472,000 | 465,000 |
| Capital Expenditure | -777,000 | -1.5M | -879,000 | -1.8M | -771,000 | -1.2M |
| Purchase Of PPE | -1.3M | -1.3M | -879,000 | -1.8M | -771,000 | -1.2M |
| Net PPE Purchase And Sale | -1.2M | -1.3M | -879,000 | -1.8M | -771,000 | -1.2M |
| Purchase Of Business | 0.00 | 0.00 | -5.5M | 0.00 | -411,000 | 0.00 |
| Investing Cash Flow | -1.3M | -1.4M | -6.6M | -1.9M | -1.3M | -1.0M |
| Cash Flow From Continuing Investing Activities | -1.3M | -1.4M | -6.6M | -1.9M | -1.3M | -1.0M |
| Issuance Of Debt | 292,000 | 3.6M | 11.2M | 0.00 | 0.00 | 703,000 |
| Repayment Of Debt | -2.0M | -2.0M | -14.0M | -820,000 | -2.3M | -1.2M |
| Net Issuance Payments Of Debt | -1.8M | 1.6M | -2.8M | -820,000 | -2.3M | -516,000 |
| Repurchase Of Capital Stock | 0.00 | 0.00 | -646,000 | 0.00 | 0.00 | 0.00 |
| Net Common Stock Issuance | 0.00 | 0.00 | -646,000 | 0.00 | 0.00 | 0.00 |
| Common Stock Payments | 0.00 | 0.00 | -646,000 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -2.1M | 1.6M | -3.8M | -1.3M | -2.3M | -516,000 |
| Cash Flow From Continuing Financing Activities | -2.1M | 1.6M | -3.8M | -1.3M | -2.3M | -516,000 |
| Effect Of Exchange Rate Changes | 680,000 | -1.8M | 19,000 | 641,000 | 300,000 | 233,000 |
| Changes In Cash | -126,000 | -1.0M | 2,000 | 957,000 | 1.7M | 2.2M |
| Beginning Cash Position | 9.7M | 10.0M | 10.0M | 8.4M | 6.3M | 3.9M |
| End Cash Position | 10.3M | 7.1M | 10.0M | 10.0M | 8.4M | 6.3M |
| Free Cash Flow | 2.6M | -2.8M | 9.5M | 2.2M | 4.5M | 2.5M |
| Income Tax Paid Supplemental Data | -- | 2.2M | 158,000 | 1.0M | 671,000 | 871,000 |
| Interest Paid Supplemental Data | -- | 135,000 | 6,000 | 70,000 | 97,000 | 120,000 |
| Amortization Cash Flow | 408,000 | 275,000 | 265,000 | -38,000 | 74,000 | 5,000 |
| Amortization Of Intangibles | 408,000 | 275,000 | 265,000 | -38,000 | 74,000 | 5,000 |
| Change In Account Payable | 2.3M | -5.9M | 1.4M | 2.9M | 474,000 | -1.0M |
| Change In Income Tax Payable | -1.1M | -977,000 | 1.2M | 54,000 | 772,000 | 37,000 |
| Change In Prepaid Assets | 159,000 | 4.9M | -2.1M | -1.7M | 973,000 | 792,000 |
| Change In Tax Payable | -1.1M | -977,000 | 1.2M | 54,000 | 772,000 | 37,000 |
| Depreciation | 2.4M | 2.4M | 2.3M | 2.1M | 2.1M | 2.1M |
| Gain Loss On Sale Of PPE | 2,000 | 6,000 | -- | 0.00 | 0.00 | 75,000 |
| Interest Received Cfi | -- | -- | -- | -- | 0.00 | 0.00 |
| Long Term Debt Issuance | 292,000 | 3.6M | 11.2M | 0.00 | 0.00 | 703,000 |
| Long Term Debt Payments | -2.0M | -2.0M | -14.0M | -820,000 | -2.3M | -1.2M |
| Net Business Purchase And Sale | 0.00 | 0.00 | -5.5M | 0.00 | -411,000 | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -92,000 | -127,000 | 138,000 | -43,000 | 73,000 | 74,000 |
| Net Income From Continuing Operations | 3.7M | 3.6M | 3.2M | 4.5M | 2.8M | 2.6M |
| Net Intangibles Purchase And Sale | -- | -191,000 | -- | -- | -- | 11,000 |
| Net Long Term Debt Issuance | -1.8M | 1.6M | -2.8M | -820,000 | -2.3M | -516,000 |
| Net Other Financing Charges | -15,000 | 6,000 | -343,000 | -- | -- | -- |
| Net Other Investing Changes | -706,000 | 114,000 | -227,000 | -405,000 | -84,000 | 182,000 |
| Operating Gains Losses | -90,000 | -517,000 | 138,000 | -43,000 | 73,000 | 149,000 |
| Proceeds From Stock Option Exercised | -- | -- | -- | -- | -- | 0.00 |
| Provisionand Write Offof Assets | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Sale Of PPE | -- | -- | -- | -- | 0.00 | -- |