Genesis Land Development Corp.
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 | 361.1M | 203.3M | 140.4M | 109.8M |
| Operating Revenue | 360.9M | 203.2M | 140.2M | 109.7M |
| Cost Of Revenue | 264.5M | 156.8M | 113.2M | 77.9M |
| Gross Profit | 96.5M | 46.5M | 27.2M | 31.8M |
| Selling General And Administration | 36.9M | 26.6M | 20.6M | 17.2M |
| General And Administrative Expense | 23.4M | 18.1M | 14.8M | 12.0M |
| Operating Expense | 36.9M | 26.6M | 20.6M | 17.2M |
| Operating Income | 59.7M | 19.9M | 6.6M | 14.7M |
| EBIT | 63.3M | 22.2M | 7.3M | 15.3M |
| Interest Expense | 7.5M | 4.0M | 1.3M | 971,000 |
| Interest Expense Non Operating | 7.5M | 4.0M | 1.3M | 971,000 |
| Interest Income | 1.8M | 1.5M | 512,000 | 338,000 |
| Interest Income Non Operating | 1.8M | 1.5M | 512,000 | 338,000 |
| Net Interest Income | -6.1M | -2.8M | -1.1M | -882,000 |
| Other Income Expense | 2.3M | 1.1M | 560,000 | 562,000 |
| Gain On Sale Of Security | 2.3M | 1.1M | 560,000 | 562,000 |
| Pretax Income | 55.8M | 18.2M | 6.0M | 14.4M |
| Tax Provision | 12.1M | 4.2M | 1.6M | 3.4M |
| Tax Effect Of Unusual Items | 502,010 | 252,575 | 151,517 | 132,132 |
| Net Income From Continuing And Discontinued Operation | 39.6M | 14.5M | 4.5M | 10.9M |
| Net Income From Continuing Operation Net Minority Interest | 39.6M | 14.5M | 4.5M | 10.9M |
| Net Income Including Noncontrolling Interests | 43.8M | 14.1M | 4.4M | 11.0M |
| Minority Interests | -4.2M | 449,000 | 131,000 | -103,000 |
| Net Income Common Stockholders | 39.6M | 14.5M | 4.5M | 10.9M |
| Net Income | 39.6M | 14.5M | 4.5M | 10.9M |
| EBITDA | 63.3M | 22.2M | 7.3M | 15.3M |
| Normalized EBITDA | 61.0M | 21.1M | 6.7M | 14.8M |
| Basic EPS | 0.70 | 0.26 | 0.08 | 0.24 |
| Diluted EPS | 0.70 | 0.26 | 0.08 | 0.24 |
| Basic Average Shares | 56.6M | 56.8M | 56.9M | 44.6M |
| Diluted Average Shares | 56.6M | 56.8M | 56.9M | 44.6M |
| Total Unusual Items | 2.3M | 1.1M | 560,000 | 562,000 |
| Total Unusual Items Excluding Goodwill | 2.3M | 1.1M | 560,000 | 562,000 |
| Tax Rate For Calcs | 0.22 | 0.23 | 0.27 | 0.24 |
| Normalized Income | 37.8M | 13.7M | 4.1M | 10.4M |
| Diluted NI Availto Com Stockholders | 39.6M | 14.5M | 4.5M | 10.9M |
| Net Income Continuous Operations | 43.8M | 14.1M | 4.4M | 11.0M |
| Net Non Operating Interest Income Expense | -6.1M | -2.8M | -1.1M | -882,000 |
| Other Gand A | 5.2M | 4.7M | 4.3M | 4.1M |
| Reconciled Cost Of Revenue | 264.5M | 156.8M | 113.2M | 77.9M |
| Salaries And Wages | 18.2M | 13.4M | 10.5M | 7.9M |
| Selling And Marketing Expense | 13.5M | 8.5M | 5.8M | 5.1M |
| Total Expenses | 301.4M | 183.4M | 133.8M | 95.1M |
| Total Operating Income As Reported | 62.0M | 21.1M | 7.1M | 15.2M |
| Total Other Finance Cost | 447,000 | 386,000 | 340,000 | 249,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 21.4M | 37.5M | 36.6M | 64.0M |
| Cash Cash Equivalents And Short Term Investments | 21.4M | 37.5M | 36.6M | 64.0M |
| Cash Financial | 21.4M | 37.5M | 36.6M | 64.0M |
| Accounts Receivable | 64.4M | 26.6M | 21.2M | 12.1M |
| Receivables | 67.0M | 30.1M | 22.2M | 13.6M |
| Prepaid Assets | 880,000 | 1.0M | 1.1M | 589,000 |
| Current Assets | 89.7M | 70.3M | 66.7M | 84.2M |
| Gross PPE | 3.0M | 2.1M | 2.2M | 2.1M |
| Net PPE | 3.0M | 2.1M | 2.2M | 2.1M |
| Investments And Advances | 30.6M | 10.7M | 10.3M | 6.2M |
| Long Term Equity Investment | 30.6M | 10.7M | 10.3M | 6.2M |
| Total Non Current Assets | 488.0M | 369.8M | 297.4M | 240.7M |
| Total Assets | 577.7M | 440.1M | 364.1M | 324.9M |
| Current Debt | 12.0M | 26.4M | 19.9M | 7.7M |
| Current Debt And Capital Lease Obligation | 12.0M | 26.4M | 19.9M | 7.7M |
| Accounts Payable | 90.2M | 54.9M | 30.4M | 26.4M |
| Payables | 100.3M | 56.6M | 31.1M | 28.5M |
| Payables And Accrued Expenses | 100.3M | 56.6M | 31.1M | 28.5M |
| Current Deferred Revenue | 19.6M | 17.5M | 15.8M | 9.0M |
| Current Liabilities | 131.8M | 100.5M | 66.8M | 45.2M |
| Long Term Debt | 121.5M | 77.2M | 45.2M | 25.0M |
| Long Term Debt And Capital Lease Obligation | 122.5M | 77.9M | 46.0M | 25.8M |
| Long Term Capital Lease Obligation | 953,000 | 712,000 | 841,000 | 842,000 |
| Total Non Current Liabilities Net Minority Interest | 158.7M | 98.5M | 70.0M | 43.8M |
| Total Liabilities Net Minority Interest | 290.5M | 198.9M | 136.8M | 89.0M |
| Common Stock | 82.3M | 82.3M | 82.4M | 82.4M |
| Capital Stock | 82.3M | 82.3M | 82.4M | 82.4M |
| Additional Paid In Capital | 1.1M | 1.1M | 1.1M | 1.0M |
| Retained Earnings | 183.2M | 147.8M | 141.2M | 145.2M |
| Common Stock Equity | 266.5M | 231.1M | 224.6M | 228.6M |
| Stockholders Equity | 266.5M | 231.1M | 224.6M | 228.6M |
| Total Equity Gross Minority Interest | 287.2M | 241.1M | 227.3M | 235.9M |
| Minority Interest | 20.7M | 10.0M | 2.7M | 7.3M |
| Total Capitalization | 388.0M | 308.3M | 269.8M | 253.6M |
| Net Tangible Assets | 266.5M | 231.1M | 224.6M | 228.6M |
| Tangible Book Value | 266.5M | 231.1M | 224.6M | 228.6M |
| Working Capital | -42.1M | -30.2M | -27,000 | 39.0M |
| Invested Capital | 400.0M | 334.7M | 289.7M | 261.3M |
| Total Debt | 134.4M | 104.3M | 65.9M | 33.5M |
| Net Debt | 112.1M | 66.0M | 28.5M | -- |
| Share Issued | 56.8M | 56.8M | 56.9M | 56.9M |
| Ordinary Shares Number | 56.8M | 56.8M | 56.9M | 56.9M |
| Buildings And Improvements | 221,000 | 324,000 | -- | -- |
| Capital Lease Obligations | 953,000 | 712,000 | 841,000 | 842,000 |
| Construction In Progress | -- | 6.7M | 11.1M | 6.7M |
| Current Deferred Liabilities | 19.6M | 17.5M | 15.8M | 9.0M |
| Dividends Payable | -- | -- | -- | 0.00 |
| Income Tax Payable | 10.1M | 1.7M | 704,000 | 2.1M |
| Investment Properties | 440.8M | 342.8M | 265.7M | 218.9M |
| Investments In Other Ventures Under Equity Method | 26.6M | 7.2M | 6.7M | 6.2M |
| Investmentsin Joint Venturesat Cost | 4.0M | 3.6M | 3.6M | 0.00 |
| Line Of Credit | 12.0M | 26.4M | 19.9M | 7.7M |
| Loans Receivable | 641,000 | 2.0M | 0.00 | 0.00 |
| Long Term Provisions | 36.2M | 20.6M | 24.0M | 18.0M |
| Non Current Deferred Assets | 7.6M | 7.5M | 8.1M | 6.9M |
| Non Current Deferred Liabilities | -- | -- | -- | 9.0M |
| Non Current Deferred Revenue | -- | -- | -- | 9.0M |
| Non Current Deferred Taxes Assets | 7.6M | 7.5M | 8.1M | 6.9M |
| Non Current Prepaid Assets | 6.0M | 6.7M | 11.1M | 6.7M |
| Other Properties | 2.8M | 1.7M | 2.2M | 2.1M |
| Other Receivables | 2.0M | 1.5M | 958,000 | 1.5M |
| Properties | 0.00 | 0.00 | -- | -- |
| Restricted Cash | 433,000 | 1.6M | 6.8M | 6.0M |
| Taxes Receivable | -- | -- | -- | 0.00 |
| Total Tax Payable | 10.1M | 1.7M | 704,000 | 2.1M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Capital Expenditure | -1.5M | -663,000 | -607,000 | -875,000 |
| Purchase Of PPE | -1.5M | -663,000 | -607,000 | -875,000 |
| Net PPE Purchase And Sale | -1.5M | -663,000 | -607,000 | -875,000 |
| Purchase Of Business | -16.2M | 0.00 | -3.6M | -260,000 |
| Investing Cash Flow | -14.1M | 1.3M | -2.1M | -885,000 |
| Cash Flow From Continuing Investing Activities | -14.1M | 1.3M | -2.1M | -885,000 |
| Issuance Of Debt | 71.3M | 82.9M | 84.2M | 61.5M |
| Repayment Of Debt | -84.3M | -59.5M | -51.7M | -49.7M |
| Net Issuance Payments Of Debt | -13.0M | 23.4M | 32.5M | 11.8M |
| Issuance Of Capital Stock | -- | -- | 0.00 | 29.9M |
| Repurchase Of Capital Stock | -51,000 | -135,000 | 0.00 | 0.00 |
| Net Common Stock Issuance | -51,000 | -135,000 | 0.00 | 29.9M |
| Common Stock Dividend Paid | -11.1M | -9.7M | -8.5M | -6.3M |
| Common Stock Payments | -51,000 | -135,000 | 0.00 | 0.00 |
| Financing Cash Flow | -29.6M | 7.4M | 18.5M | 32.7M |
| Cash Flow From Continuing Financing Activities | -29.6M | 7.4M | 18.5M | 32.7M |
| Changes In Cash | -16.1M | 948,000 | -27.4M | 34.2M |
| Beginning Cash Position | 37.5M | 36.6M | 64.0M | 29.7M |
| End Cash Position | 21.4M | 37.5M | 36.6M | 64.0M |
| Free Cash Flow | 26.1M | -8.5M | -44.4M | 1.5M |
| Cash Dividends Paid | -11.1M | -9.7M | -8.5M | -6.3M |
| Cash Flowsfromusedin Operating Activities Direct | 27.6M | -7.8M | -43.8M | 2.4M |
| Classesof Cash Payments | -318.8M | -220.0M | -181.4M | -117.2M |
| Classesof Cash Receiptsfrom Operating Activities | 344.6M | 210.6M | 137.1M | 119.3M |
| Common Stock Issuance | -- | -- | 0.00 | 29.9M |
| Dividends Received Cfi | 3.6M | 676,000 | 0.00 | -- |
| Interest Paid Cff | -5.5M | -5.2M | -2.5M | -1.9M |
| Interest Received Direct | 1.8M | 1.5M | 512,000 | 338,000 |
| Long Term Debt Issuance | 71.3M | 82.9M | 84.2M | 61.5M |
| Long Term Debt Payments | -84.3M | -59.5M | -51.7M | -49.7M |
| Net Business Purchase And Sale | -16.2M | 0.00 | -3.6M | -260,000 |
| Net Long Term Debt Issuance | -13.0M | 23.4M | 32.5M | 11.8M |
| Net Other Financing Charges | -- | -986,000 | -3.0M | -803,000 |
| Net Other Investing Changes | 38,000 | 1.3M | 2.1M | 250,000 |
| Other Cash Paymentsfrom Operating Activities | -- | -174,000 | -- | -- |
| Other Cash Receiptsfrom Operating Activities | 16.9M | 11.8M | 311,000 | 777,000 |
| Paymentsto Suppliersfor Goodsand Services | -313.0M | -216.5M | -177.1M | -117.2M |
| Receiptsfrom Customers | 327.7M | 198.9M | 136.8M | 118.0M |
| Taxes Refund Paid Direct | -5.8M | -3.3M | -4.2M | 460,000 |