Genesis Land Development Corp.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 116.9M | 71.4M | 58.2M | 104.6M | 93.1M | -- |
| Operating Revenue | 116.8M | 71.3M | 58.1M | 104.6M | 93.1M | -- |
| Cost Of Revenue | 89.4M | 52.7M | 40.3M | 72.9M | 66.3M | -- |
| Gross Profit | 27.5M | 18.7M | 18.0M | 31.7M | 26.8M | -- |
| Selling General And Administration | 11.8M | 10.3M | 8.9M | 10.0M | 9.5M | -- |
| General And Administrative Expense | 8.1M | 6.2M | 6.5M | 6.0M | 6.0M | -- |
| Operating Expense | 11.8M | 10.3M | 8.9M | 10.0M | 9.5M | -- |
| Operating Income | 15.7M | 8.4M | 9.0M | 21.7M | 17.4M | -- |
| EBIT | 16.5M | 9.2M | 9.7M | 24.0M | 17.7M | -- |
| Interest Expense | 2.2M | 2.0M | 2.1M | 1.8M | 2.4M | -- |
| Interest Expense Non Operating | 2.2M | 2.0M | 2.1M | 1.8M | 2.4M | -- |
| Interest Income | 251,000 | 215,000 | 175,000 | 352,000 | 330,000 | -- |
| Interest Income Non Operating | 251,000 | 215,000 | 175,000 | 352,000 | 330,000 | -- |
| Net Interest Income | -2.0M | -1.8M | -1.9M | -1.9M | -2.1M | -- |
| Other Income Expense | 531,000 | 532,000 | 530,000 | -- | -- | -- |
| Gain On Sale Of Security | 531,000 | 532,000 | 530,000 | -- | -- | -- |
| Pretax Income | 14.3M | 7.2M | 7.6M | 22.1M | 15.3M | -- |
| Tax Provision | 3.5M | 1.2M | 1.9M | 4.9M | 3.6M | -- |
| Tax Effect Of Unusual Items | 128,435 | 85,496 | 134,670 | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | 8.6M | 6.7M | 6.0M | 12.6M | 12.0M | -- |
| Net Income From Continuing Operation Net Minority Interest | 8.6M | 6.7M | 6.0M | 12.6M | 12.0M | -- |
| Net Income Including Noncontrolling Interests | 10.8M | 6.0M | 5.7M | 17.2M | 11.7M | -- |
| Minority Interests | -2.2M | 662,000 | 338,000 | -4.6M | 282,000 | -- |
| Net Income Common Stockholders | 8.6M | 6.7M | 6.0M | 12.6M | 12.0M | -- |
| Net Income | 8.6M | 6.7M | 6.0M | 12.6M | 12.0M | -- |
| EBITDA | 16.5M | 9.2M | 9.7M | 24.0M | 17.7M | -- |
| Normalized EBITDA | 16.0M | 8.6M | 9.2M | 24.0M | 17.7M | -- |
| Basic EPS | 0.16 | 0.11 | 0.11 | 0.22 | 0.22 | -- |
| Diluted EPS | 0.16 | 0.11 | 0.11 | 0.22 | 0.22 | -- |
| Basic Average Shares | 56.7M | 56.7M | 56.8M | 57.4M | 56.8M | -- |
| Diluted Average Shares | 56.7M | 56.7M | 56.8M | 57.4M | 56.8M | -- |
| Total Unusual Items | 531,000 | 532,000 | 530,000 | -- | -- | -- |
| Total Unusual Items Excluding Goodwill | 531,000 | 532,000 | 530,000 | -- | -- | -- |
| Tax Rate For Calcs | 0.24 | 0.16 | 0.25 | 0.22 | 0.23 | -- |
| Normalized Income | 8.2M | 6.2M | 5.6M | 12.6M | 12.0M | -- |
| Diluted NI Availto Com Stockholders | 8.6M | 6.7M | 6.0M | 12.6M | 12.0M | -- |
| Net Income Continuous Operations | 10.8M | 6.0M | 5.7M | 17.2M | 11.7M | -- |
| Net Non Operating Interest Income Expense | -2.0M | -1.8M | -1.9M | -1.9M | -2.1M | -- |
| Other Gand A | 8.1M | 6.2M | 6.5M | -12.1M | 6.0M | -- |
| Reconciled Cost Of Revenue | 89.4M | 52.7M | 40.3M | 72.9M | 66.3M | -- |
| Selling And Marketing Expense | 3.7M | 4.1M | 2.4M | 4.0M | 3.5M | -- |
| Total Expenses | 101.2M | 63.0M | 49.2M | 82.9M | 75.8M | -- |
| Total Operating Income As Reported | 16.3M | 8.9M | 9.6M | 24.1M | 17.4M | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 26.4M | 20.9M | 24.1M | 21.4M | 20.8M | -- |
| Cash Cash Equivalents And Short Term Investments | 26.4M | 20.9M | 24.1M | 21.4M | 20.8M | -- |
| Cash Financial | 26.4M | 20.9M | 24.1M | 21.4M | -- | -- |
| Accounts Receivable | 71.9M | 43.8M | 64.7M | 64.4M | 54.1M | -- |
| Receivables | 77.9M | 49.9M | 68.3M | 67.0M | 57.8M | -- |
| Prepaid Assets | 653,000 | 927,000 | 1.3M | 880,000 | 578,000 | -- |
| Current Assets | 105.4M | 72.2M | 94.1M | 89.7M | 79.6M | -- |
| Gross PPE | 3.6M | 3.6M | 3.4M | 3.0M | 2.8M | -- |
| Net PPE | 3.6M | 3.6M | 3.4M | 3.0M | 2.8M | -- |
| Investments And Advances | 28.6M | 29.7M | 29.1M | 30.6M | 15.1M | -- |
| Long Term Equity Investment | 28.6M | 29.7M | 29.1M | 30.6M | 15.1M | -- |
| Total Non Current Assets | 522.6M | 524.9M | 490.9M | 488.0M | 431.0M | -- |
| Total Assets | 627.9M | 597.1M | 585.0M | 577.7M | 510.7M | -- |
| Current Debt | -- | 20.2M | 9.9M | 12.0M | 6.9M | 19.5M |
| Current Debt And Capital Lease Obligation | -- | 20.2M | 9.9M | 12.0M | 6.9M | 19.5M |
| Accounts Payable | 102.9M | 106.5M | 88.7M | 90.2M | 50.7M | -- |
| Payables | 102.9M | 106.5M | 88.7M | 100.3M | 55.6M | -- |
| Payables And Accrued Expenses | 102.9M | 106.5M | 88.7M | 100.3M | 55.6M | -- |
| Current Deferred Revenue | 19.4M | 26.7M | 25.2M | 19.6M | 33.3M | -- |
| Current Liabilities | 122.3M | 153.5M | 123.8M | 131.8M | 95.8M | -- |
| Long Term Debt | 162.7M | 118.0M | 131.1M | 121.5M | 117.4M | -- |
| Long Term Debt And Capital Lease Obligation | 163.5M | 119.0M | 132.2M | 122.5M | 118.5M | -- |
| Long Term Capital Lease Obligation | 822,000 | 990,000 | 1.1M | 953,000 | 1.0M | -- |
| Total Non Current Liabilities Net Minority Interest | 203.5M | 152.2M | 168.5M | 158.7M | 152.5M | -- |
| Total Liabilities Net Minority Interest | 325.8M | 305.6M | 292.3M | 290.5M | 248.4M | -- |
| Common Stock | 82.1M | 82.1M | 82.2M | 82.3M | 82.3M | -- |
| Capital Stock | 82.1M | 82.1M | 82.2M | 82.3M | 82.3M | -- |
| Additional Paid In Capital | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | -- |
| Retained Earnings | 198.3M | 189.8M | 189.1M | 183.2M | 169.4M | -- |
| Common Stock Equity | 281.4M | 273.0M | 272.4M | 266.5M | 252.7M | -- |
| Stockholders Equity | 281.4M | 273.0M | 272.4M | 266.5M | 252.7M | -- |
| Total Equity Gross Minority Interest | 302.1M | 291.4M | 292.7M | 287.2M | 262.3M | -- |
| Minority Interest | 20.7M | 18.5M | 20.4M | 20.7M | 9.6M | -- |
| Total Capitalization | 444.1M | 391.0M | 403.4M | 388.0M | 370.1M | -- |
| Net Tangible Assets | 281.4M | 273.0M | 272.4M | 266.5M | 252.7M | -- |
| Tangible Book Value | 281.4M | 273.0M | 272.4M | 266.5M | 252.7M | -- |
| Working Capital | -16.9M | -81.3M | -29.7M | -42.1M | -16.2M | -- |
| Invested Capital | 444.1M | 411.2M | 413.3M | 400.0M | 377.0M | -- |
| Total Debt | 163.5M | 139.2M | 142.1M | 134.4M | 125.4M | -- |
| Net Debt | 136.2M | 117.3M | 116.9M | 112.1M | 103.5M | -- |
| Share Issued | 56.7M | 56.7M | 56.7M | 56.8M | 56.8M | -- |
| Ordinary Shares Number | 56.7M | 56.7M | 56.7M | 56.8M | 56.8M | -- |
| Buildings And Improvements | -- | -- | -- | 221,000 | -- | -- |
| Capital Lease Obligations | 822,000 | 990,000 | 1.1M | 953,000 | 1.0M | -- |
| Current Deferred Liabilities | 19.4M | 26.7M | 25.2M | 19.6M | 33.3M | -- |
| Income Tax Payable | 0.00 | 0.00 | 0.00 | 10.1M | 4.9M | -- |
| Investment Properties | 473.0M | 475.5M | 445.1M | 440.8M | 390.6M | -- |
| Investments In Other Ventures Under Equity Method | 24.6M | 25.6M | 25.1M | 26.6M | 11.1M | -- |
| Investmentsin Joint Venturesat Cost | 4.0M | 4.0M | 4.0M | 4.0M | 4.0M | -- |
| Line Of Credit | -- | 20.2M | 9.9M | 12.0M | 6.9M | 19.5M |
| Loans Receivable | 679,000 | 666,000 | 653,000 | 641,000 | 628,000 | -- |
| Long Term Provisions | 40.0M | 33.2M | 36.3M | 36.2M | 33.2M | -- |
| Non Current Deferred Assets | 9.2M | 8.1M | 7.2M | 7.6M | 8.1M | -- |
| Non Current Deferred Taxes Assets | 9.2M | 8.1M | 7.2M | 7.6M | 8.1M | -- |
| Non Current Prepaid Assets | 8.1M | 8.0M | 6.1M | 6.0M | 14.4M | -- |
| Other Properties | 3.6M | 3.6M | 3.4M | 2.8M | 2.8M | -- |
| Other Receivables | 2.6M | 2.4M | 2.1M | 2.0M | 3.0M | -- |
| Properties | -- | -- | -- | 0.00 | -- | -- |
| Restricted Cash | 429,000 | 431,000 | 433,000 | 433,000 | 472,000 | -- |
| Taxes Receivable | 2.6M | 2.9M | 829,000 | -- | -- | -- |
| Total Tax Payable | 0.00 | 0.00 | 0.00 | 10.1M | 4.9M | -- |
| Tradeand Other Payables Non Current | -- | -- | -- | -- | 849,000 | 4.4M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Capital Expenditure | -387,000 | -663,000 | -453,000 | -473,000 | -187,000 | -- |
| Purchase Of PPE | -387,000 | -663,000 | -453,000 | -473,000 | -187,000 | -- |
| Net PPE Purchase And Sale | -387,000 | -663,000 | -453,000 | -473,000 | -187,000 | -- |
| Purchase Of Business | 0.00 | 0.00 | 0.00 | -15.7M | 0.00 | -- |
| Investing Cash Flow | 1.2M | -661,000 | 1.5M | -8.4M | -4.5M | -- |
| Cash Flow From Continuing Investing Activities | 1.2M | -661,000 | 1.5M | -8.4M | -4.5M | -- |
| Issuance Of Debt | 35.7M | 22.6M | 18.2M | 24.3M | 8.0M | -- |
| Repayment Of Debt | -12.9M | -26.9M | -12.3M | -21.9M | -18.5M | -- |
| Net Issuance Payments Of Debt | 22.9M | -4.2M | 5.9M | 2.5M | -10.5M | -- |
| Repurchase Of Capital Stock | -117,000 | -136,000 | -157,000 | -11,000 | 0.00 | -- |
| Net Common Stock Issuance | -117,000 | -136,000 | -157,000 | -11,000 | 0.00 | -- |
| Common Stock Dividend Paid | -1.5M | -8.8M | -- | -5.7M | 0.00 | -5.4M |
| Common Stock Payments | -117,000 | -136,000 | -157,000 | -11,000 | 0.00 | -- |
| Financing Cash Flow | 20.4M | -14.0M | 4.9M | -4.3M | -11.9M | -- |
| Cash Flow From Continuing Financing Activities | 20.4M | -14.0M | 4.9M | -4.3M | -11.9M | -- |
| Changes In Cash | 5.5M | -3.2M | 2.7M | 641,000 | -18.6M | -- |
| Beginning Cash Position | 20.9M | 24.1M | 21.4M | 20.8M | 39.4M | -- |
| End Cash Position | 26.4M | 20.9M | 24.1M | 21.4M | 20.8M | -- |
| Free Cash Flow | -16.5M | 10.8M | -4.2M | 12.9M | -2.4M | -- |
| Cash Dividends Paid | -1.5M | -8.8M | 0.00 | -5.7M | 0.00 | -- |
| Cash Flowsfromusedin Operating Activities Direct | -16.1M | 11.5M | -3.7M | 13.3M | -2.2M | -- |
| Classesof Cash Payments | -97.9M | -82.5M | -67.5M | -84.7M | -77.4M | -- |
| Classesof Cash Receiptsfrom Operating Activities | 81.5M | 93.8M | 63.5M | 97.7M | 74.9M | -- |
| Dividends Received Cfi | 1.6M | 0.00 | 2.0M | 2.5M | 640,000 | -- |
| Interest Paid Cff | -908,000 | -809,000 | -849,000 | -1.1M | -1.4M | -- |
| Interest Received Direct | 274,000 | 157,000 | 209,000 | 352,000 | 330,000 | -- |
| Long Term Debt Issuance | 35.7M | 22.6M | 18.2M | 24.3M | 8.0M | -- |
| Long Term Debt Payments | -12.9M | -26.9M | -12.3M | -21.9M | -18.5M | -- |
| Net Business Purchase And Sale | 0.00 | 0.00 | 0.00 | -15.7M | 0.00 | -- |
| Net Long Term Debt Issuance | 22.9M | -4.2M | 5.9M | 2.5M | -10.5M | -- |
| Net Other Investing Changes | 2,000 | 2,000 | -- | 5.2M | -5.0M | 1.1M |
| Other Cash Receiptsfrom Operating Activities | 100,000 | 70,000 | 60,000 | 8.4M | 31,000 | -- |
| Paymentsto Suppliersfor Goodsand Services | -93.6M | -78.3M | -55.0M | -83.5M | -76.7M | -- |
| Receiptsfrom Customers | 81.4M | 93.7M | 63.5M | 89.3M | 74.9M | -- |
| Taxes Refund Paid Direct | -4.2M | -4.2M | -12.4M | -1.3M | -690,000 | -- |