Firan Technology Group Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Nov 30, 2025 | FY 2024Nov 30, 2024 | FY 2023Nov 30, 2023 | FY 2022Nov 30, 2022 | FY 2021Nov 30, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 191.0M | 162.1M | 135.2M | 89.6M | 79.4M |
| Operating Revenue | 191.0M | 162.1M | 135.2M | 89.6M | 79.4M |
| Cost Of Revenue | 130.5M | 117.9M | 95.9M | 68.3M | 62.2M |
| Gross Profit | 60.5M | 44.2M | 39.3M | 21.3M | 17.1M |
| Selling General And Administration | 27.3M | 21.1M | 17.5M | 12.8M | 11.0M |
| General And Administrative Expense | 27.3M | 21.1M | 17.5M | 12.8M | 11.0M |
| Research And Development | 10.9M | 7.0M | 6.6M | 5.9M | 5.4M |
| Depreciation And Amortization In Income Statement | 1.6M | 459,000 | 462,000 | 410,000 | 551,000 |
| Other Operating Expenses | -- | -- | 30,000 | 357,000 | -- |
| Operating Expense | 38.7M | 27.8M | 24.0M | 18.8M | 16.4M |
| Operating Income | 21.9M | 16.3M | 15.3M | 2.5M | 751,000 |
| EBIT | 21.2M | 17.4M | 15.4M | 2.8M | 3.2M |
| Interest Expense | 2.7M | 2.2M | 1.3M | 464,000 | 582,000 |
| Interest Expense Non Operating | 2.7M | 2.2M | 1.3M | 464,000 | 582,000 |
| Interest Income | -- | -- | 43,000 | 21,000 | -- |
| Interest Income Non Operating | -- | -- | 43,000 | 21,000 | -- |
| Net Interest Income | -2.7M | -2.2M | -1.3M | -443,000 | -582,000 |
| Other Income Expense | -668,000 | 1.1M | 4,000 | 317,000 | 2.4M |
| Special Income Charges | 0.00 | 829,000 | 0.00 | 0.00 | 3.0M |
| Restructuring And Mergern Acquisition | 0.00 | -829,000 | 0.00 | -- | -- |
| Gain On Sale Of Security | -668,000 | 227,000 | 4,000 | 317,000 | -595,000 |
| Pretax Income | 18.5M | 15.2M | 14.1M | 2.3M | 2.6M |
| Tax Provision | 5.1M | 4.1M | 2.2M | 1.6M | 2.4M |
| Tax Effect Of Unusual Items | -185,340 | 284,862 | 632.00 | 83,086 | 638,385 |
| Net Income From Continuing And Discontinued Operation | 13.1M | 10.8M | 11.6M | 698,000 | 256,000 |
| Net Income From Continuing Operation Net Minority Interest | 13.1M | 10.8M | 11.6M | 698,000 | 256,000 |
| Net Income Including Noncontrolling Interests | 13.3M | 11.1M | 11.8M | 768,000 | 170,000 |
| Minority Interests | -259,000 | -265,000 | -204,000 | -70,000 | 86,000 |
| Net Income Common Stockholders | 13.1M | 10.8M | 11.6M | 698,000 | 256,000 |
| Net Income | 13.1M | 10.8M | 11.6M | 698,000 | 256,000 |
| EBITDA | 31.8M | 25.7M | 22.3M | 8.5M | 9.5M |
| Normalized EBITDA | 32.4M | 24.7M | 22.3M | 8.2M | 7.1M |
| Reconciled Depreciation | 10.6M | 8.3M | 6.9M | 5.7M | 6.3M |
| Basic EPS | 0.52 | 0.45 | 0.49 | 0.03 | 0.01 |
| Diluted EPS | 0.52 | 0.45 | 0.48 | 0.03 | 0.01 |
| Basic Average Shares | 25.1M | 23.9M | 23.9M | 24.3M | 24.5M |
| Diluted Average Shares | 25.4M | 24.2M | 24.2M | 24.6M | 24.5M |
| Total Unusual Items | -668,000 | 1.1M | 4,000 | 317,000 | 2.4M |
| Total Unusual Items Excluding Goodwill | -668,000 | 1.1M | 4,000 | 317,000 | 2.4M |
| Tax Rate For Calcs | 0.28 | 0.27 | 0.16 | 0.26 | 0.27 |
| Normalized Income | 13.6M | 10.0M | 11.6M | 464,086 | -1.5M |
| Amortization | 1.2M | 195,000 | 193,000 | 124,000 | 240,000 |
| Amortization Of Intangibles Income Statement | 1.2M | 195,000 | 193,000 | 124,000 | 240,000 |
| Depreciation Amortization Depletion Income Statement | 1.6M | 459,000 | 462,000 | 410,000 | 551,000 |
| Depreciation Income Statement | 327,000 | 264,000 | 269,000 | 286,000 | 311,000 |
| Diluted NI Availto Com Stockholders | 13.1M | 10.8M | 11.6M | 698,000 | 256,000 |
| Impairment Of Capital Assets | -- | -- | -- | -- | 0.00 |
| Net Income Continuous Operations | 13.3M | 11.1M | 11.8M | 768,000 | 170,000 |
| Net Non Operating Interest Income Expense | -2.7M | -2.2M | -1.3M | -443,000 | -582,000 |
| Other Gand A | 26.7M | 20.4M | 17.0M | 12.7M | 10.9M |
| Other Special Charges | -- | -- | -- | -- | -3.0M |
| Other Taxes | -1.1M | -743,000 | -646,000 | -582,000 | -536,000 |
| Reconciled Cost Of Revenue | 121.5M | 110.0M | 89.5M | 63.0M | 56.5M |
| Salaries And Wages | 659,000 | 739,000 | 512,000 | 128,000 | 66,000 |
| Total Expenses | 169.1M | 145.8M | 119.9M | 87.2M | 78.6M |
| Line Item | FY 2025Nov 30, 2025 | FY 2024Nov 30, 2024 | FY 2023Nov 30, 2023 | FY 2022Nov 30, 2022 | FY 2021Nov 30, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 10.3M | 10.0M | 6.6M | 15.7M | 20.2M |
| Cash Cash Equivalents And Short Term Investments | 10.3M | 10.0M | 6.6M | 15.7M | 20.2M |
| Accounts Receivable | 41.2M | 33.7M | 28.7M | 16.6M | 16.0M |
| Receivables | 43.6M | 35.7M | 29.0M | 17.1M | 16.8M |
| Inventory | 39.7M | 34.4M | 36.6M | 19.7M | 17.0M |
| Prepaid Assets | -- | 2.1M | 1.9M | 1.2M | 3.2M |
| Other Current Assets | 3.4M | 2.7M | -- | -- | -- |
| Current Assets | 97.0M | 82.8M | 74.0M | 53.6M | 57.1M |
| Gross PPE | 104.2M | 101.3M | 95.6M | 72.0M | 68.2M |
| Accumulated Depreciation | -65.1M | -60.5M | -56.0M | -51.8M | -47.0M |
| Net PPE | 39.2M | 40.8M | 39.6M | 20.2M | 21.2M |
| Goodwill | 23.3M | 9.3M | 9.0M | 0.00 | -- |
| Goodwill And Other Intangible Assets | 36.0M | 10.8M | 10.7M | 215,000 | 327,000 |
| Other Intangible Assets | 12.7M | 1.6M | 1.7M | 215,000 | 327,000 |
| Other Non Current Assets | -- | -- | -- | 8.5M | -- |
| Total Non Current Assets | 75.8M | 52.8M | 51.7M | 30.1M | 22.3M |
| Total Assets | 172.8M | 135.6M | 125.7M | 83.7M | 79.5M |
| Current Debt | 4.5M | 1.6M | 1.2M | 913,000 | 935,000 |
| Current Debt And Capital Lease Obligation | 8.3M | 5.5M | 5.0M | 2.3M | 2.5M |
| Accounts Payable | 25.6M | 24.2M | 24.4M | 14.9M | 13.8M |
| Payables | 25.6M | 24.2M | 25.5M | 15.6M | 13.8M |
| Payables And Accrued Expenses | 25.6M | 24.2M | 25.5M | 15.6M | 13.8M |
| Current Deferred Revenue | 4.4M | 1.0M | 1.8M | 4.4M | 335,000 |
| Other Current Liabilities | -- | 1.5M | -- | -- | -- |
| Current Liabilities | 39.2M | 32.9M | 33.0M | 23.1M | 17.1M |
| Long Term Debt | 13.9M | 9.0M | 9.0M | 2.4M | 1.3M |
| Long Term Debt And Capital Lease Obligation | 34.8M | 29.8M | 30.2M | 11.3M | 10.4M |
| Long Term Capital Lease Obligation | 20.9M | 20.8M | 21.1M | 8.9M | 9.1M |
| Other Non Current Liabilities | -- | -- | 2.2M | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 36.6M | 29.8M | 32.4M | 11.3M | 11.2M |
| Total Liabilities Net Minority Interest | 75.8M | 62.7M | 65.4M | 34.5M | 28.4M |
| Common Stock | 30.1M | 21.1M | 21.3M | 21.4M | 21.9M |
| Capital Stock | 30.1M | 21.1M | 21.3M | 21.4M | 21.9M |
| Additional Paid In Capital | 9.1M | 8.7M | 8.5M | 8.3M | 8.4M |
| Retained Earnings | 54.9M | 41.9M | 31.0M | 19.5M | 19.4M |
| Gains Losses Not Affecting Retained Earnings | 2.3M | 417,000 | -1.3M | -867,000 | 478,000 |
| Other Equity Adjustments | 2.3M | 417,000 | -1.3M | -867,000 | 478,000 |
| Common Stock Equity | 96.5M | 72.2M | 59.5M | 48.3M | 50.1M |
| Stockholders Equity | 96.5M | 72.2M | 59.5M | 48.3M | 50.1M |
| Total Equity Gross Minority Interest | 97.0M | 72.8M | 60.3M | 49.3M | 51.1M |
| Minority Interest | 564,000 | 685,000 | 788,000 | 965,000 | 940,000 |
| Total Capitalization | 110.4M | 81.1M | 68.6M | 50.7M | 51.5M |
| Net Tangible Assets | 60.5M | 61.3M | 48.8M | 48.1M | 49.8M |
| Tangible Book Value | 60.5M | 61.3M | 48.8M | 48.1M | 49.8M |
| Working Capital | 57.8M | 49.9M | 41.1M | 30.5M | 40.0M |
| Invested Capital | 114.8M | 82.8M | 69.8M | 51.7M | 52.4M |
| Total Debt | 43.1M | 35.3M | 35.2M | 13.6M | 12.9M |
| Net Debt | 8.1M | 667,000 | 3.6M | -- | -- |
| Share Issued | 25.2M | 23.9M | 23.9M | 23.9M | 24.5M |
| Ordinary Shares Number | 25.2M | 23.9M | 23.9M | 23.9M | 24.5M |
| Buildings And Improvements | 21.9M | 22.5M | 23.5M | 9.3M | 10.0M |
| Capital Lease Obligations | 24.7M | 24.7M | 24.9M | 10.3M | 10.7M |
| Current Capital Lease Obligation | 3.8M | 3.8M | 3.8M | 1.4M | 1.6M |
| Current Deferred Liabilities | 4.4M | 1.0M | 1.8M | 4.4M | 335,000 |
| Current Provisions | 799,000 | 762,000 | 653,000 | 823,000 | 545,000 |
| Finished Goods | 7.8M | 7.3M | 8.0M | 4.4M | 3.6M |
| Income Tax Payable | -- | 0.00 | 1.1M | 712,000 | 0.00 |
| Land And Improvements | -- | -- | 0.00 | 0.00 | 0.00 |
| Leases | 9.7M | 9.2M | 7.1M | 6.6M | 6.3M |
| Machinery Furniture Equipment | 72.5M | 69.5M | 64.8M | 55.9M | 51.8M |
| Non Current Accounts Receivable | -- | -- | -- | -- | 600,000 |
| Non Current Deferred Assets | 698,000 | 989,000 | 836,000 | 932,000 | 205,000 |
| Non Current Deferred Liabilities | 1.8M | 0.00 | -- | 0.00 | 789,000 |
| Non Current Deferred Taxes Assets | 0.00 | 869,000 | 674,000 | 748,000 | 0.00 |
| Non Current Deferred Taxes Liabilities | 1.8M | 0.00 | -- | 0.00 | 789,000 |
| Non Current Prepaid Assets | 0.00 | 130,000 | 505,000 | 297,000 | -- |
| Other Current Borrowings | 4.5M | 1.6M | 1.2M | 913,000 | 935,000 |
| Other Properties | 177,000 | 143,000 | 144,000 | 182,000 | 89,000 |
| Other Receivables | 2.2M | 1.9M | 300,000 | 504,000 | 818,000 |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 14.2M | 12.7M | 10.3M | 8.6M | 6.2M |
| Taxes Receivable | 244,000 | 83,000 | 0.00 | 0.00 | 1,000 |
| Total Tax Payable | -- | 0.00 | 1.1M | 712,000 | 0.00 |
| Work In Process | 17.7M | 14.5M | 18.3M | 6.6M | 7.1M |
| Line Item | FY 2025Nov 30, 2025 | FY 2024Nov 30, 2024 | FY 2023Nov 30, 2023 | FY 2022Nov 30, 2022 | FY 2021Nov 30, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | 17.8M | 14.5M | 11.3M | 10.2M | 7.6M |
| Cash Flow From Continuing Operating Activities | 17.8M | 14.5M | 11.3M | 10.2M | 7.6M |
| Depreciation And Amortization | 10.6M | 8.3M | 6.9M | 5.7M | 6.3M |
| Depreciation Amortization Depletion | 10.6M | 8.3M | 6.9M | 5.7M | 6.3M |
| Stock Based Compensation | 525,000 | 294,000 | 220,000 | -32,000 | 66,000 |
| Deferred Tax | 285,000 | -316,000 | -1.3M | -281,000 | 773,000 |
| Deferred Income Tax | 285,000 | -316,000 | -1.3M | -281,000 | 773,000 |
| Change In Working Capital | -9.1M | -6.5M | -7.7M | 3.5M | 3.2M |
| Changes In Account Receivables | -- | -- | -- | -- | 943,000 |
| Change In Receivables | -4.6M | -6.6M | -5.8M | -371,000 | 943,000 |
| Change In Inventory | -3.0M | 2.1M | -5.2M | -2.8M | 2.3M |
| Change In Payables And Accrued Expense | -4.4M | -1.4M | 7.2M | 2.1M | -716,000 |
| Change In Payable | -4.4M | -1.4M | 7.2M | 2.1M | -716,000 |
| Change In Other Working Capital | 2,000 | -801,000 | -2.6M | 4.0M | -47,000 |
| Other Non Cash Items | 2.7M | 1.4M | 1.3M | 464,000 | 490,000 |
| Capital Expenditure | -4.6M | -7.2M | -6.5M | -3.8M | -2.9M |
| Purchase Of PPE | -4.6M | -7.2M | -6.5M | -3.8M | -2.9M |
| Net PPE Purchase And Sale | -4.6M | -7.2M | -6.5M | -3.8M | -2.9M |
| Purchase Of Business | -5.5M | -411,000 | -25.4M | -8.5M | -- |
| Net Investment Purchase And Sale | 129,000 | 373,000 | -203,000 | -- | -- |
| Investing Cash Flow | -10.5M | -7.2M | -23.7M | -11.1M | -3.0M |
| Cash Flow From Continuing Investing Activities | -10.5M | -7.2M | -23.7M | -11.1M | -3.0M |
| Issuance Of Debt | 15.1M | 1.9M | 7.8M | 1.9M | 0.00 |
| Repayment Of Debt | -20.6M | -5.5M | -3.7M | -2.5M | -2.7M |
| Net Issuance Payments Of Debt | -5.6M | -3.6M | 4.1M | -596,000 | -2.7M |
| Repurchase Of Capital Stock | -646,000 | -258,000 | -156,000 | -1.1M | 0.00 |
| Net Common Stock Issuance | -646,000 | -258,000 | -156,000 | -1.1M | 0.00 |
| Common Stock Payments | -646,000 | -258,000 | -156,000 | -1.1M | 0.00 |
| Financing Cash Flow | -7.3M | -4.7M | 3.5M | -1.7M | -2.7M |
| Cash Flow From Continuing Financing Activities | -7.3M | -4.7M | 3.5M | -1.7M | -2.7M |
| Effect Of Exchange Rate Changes | 224,000 | 789,000 | -143,000 | -1.9M | -823,000 |
| Changes In Cash | 74,000 | 2.6M | -8.9M | -2.7M | 2.0M |
| Beginning Cash Position | 10.0M | 6.6M | 15.7M | 20.2M | 19.0M |
| End Cash Position | 10.3M | 10.0M | 6.6M | 15.7M | 20.2M |
| Free Cash Flow | 13.2M | 7.2M | 4.8M | 6.4M | 4.7M |
| Income Tax Paid Supplemental Data | -- | 4.9M | 2.6M | 1.1M | 1.2M |
| Interest Paid Supplemental Data | -- | 374,000 | 271,000 | 85,000 | 128,000 |
| Amortization Cash Flow | 1.1M | 60,000 | 70,000 | 130,000 | 283,000 |
| Amortization Of Intangibles | 1.1M | 60,000 | 70,000 | 130,000 | 283,000 |
| Cash Dividends Paid | 0.00 | 0.00 | -- | -- | -- |
| Change In Account Payable | -4.1M | -246,000 | 6.6M | 1.4M | -436,000 |
| Change In Income Tax Payable | -281,000 | -1.2M | 568,000 | 712,000 | -280,000 |
| Change In Prepaid Assets | 2.9M | 288,000 | -1.3M | 467,000 | 689,000 |
| Change In Tax Payable | -281,000 | -1.2M | 568,000 | 712,000 | -280,000 |
| Depreciation | 9.5M | 8.3M | 6.8M | 5.6M | 6.0M |
| Gain Loss On Sale Of PPE | 8,000 | 75,000 | 27,000 | 5,000 | -252,000 |
| Interest Paid Cff | -356,000 | -353,000 | -- | -- | -- |
| Interest Received Cfi | -- | -- | -80,000 | -5,000 | -65,000 |
| Long Term Debt Issuance | 15.1M | 1.9M | 7.8M | 1.9M | 0.00 |
| Long Term Debt Payments | -20.6M | -5.5M | -3.7M | -2.5M | -2.7M |
| Net Business Purchase And Sale | -5.5M | -411,000 | -25.4M | -8.5M | -- |
| Net Foreign Currency Exchange Gain Loss | -91,000 | 96,000 | -89,000 | -290,000 | -133,000 |
| Net Income From Continuing Operations | 13.3M | 11.1M | 11.8M | 768,000 | 170,000 |
| Net Intangibles Purchase And Sale | -- | -- | -- | -8.5M | -- |
| Net Long Term Debt Issuance | -5.6M | -3.6M | 4.1M | -596,000 | -2.7M |
| Net Other Financing Charges | -720,000 | -440,000 | -476,000 | -- | -- |
| Net Other Investing Changes | -577,000 | 43,000 | 8.4M | 1.2M | 15,000 |
| Operating Gains Losses | -479,000 | 171,000 | -62,000 | -285,000 | -3.4M |
| Provisionand Write Offof Assets | -- | 0.00 | 30,000 | 357,000 | 0.00 |
| Purchase Of Intangibles | -- | -- | -- | -8.5M | -- |
| Sale Of PPE | 23,000 | 0.00 | -- | 294,000 | 15,000 |