Globex Mining Enterprises Inc.
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 | 1.5M | 4.1M | 2.0M | 35.3M |
| Operating Revenue | 1.5M | 4.1M | 2.0M | 35.3M |
| Cost Of Revenue | 88,565 | 84,487 | 82,847 | 40,735 |
| Gross Profit | 1.4M | 4.0M | 1.9M | 35.2M |
| Selling General And Administration | 1.8M | 1.7M | 2.1M | 1.7M |
| General And Administrative Expense | 1.7M | 1.7M | 2.0M | 1.7M |
| Other Operating Expenses | 1.6M | 994,786 | 2.1M | 1.9M |
| Operating Expense | 3.4M | 2.7M | 4.2M | 3.6M |
| Operating Income | -2.0M | 1.3M | -2.2M | 31.7M |
| EBIT | -2.0M | 1.3M | -2.2M | 31.7M |
| Interest Income | 843,019 | 529,276 | 361,667 | 65,693 |
| Interest Income Non Operating | 843,019 | 529,276 | 361,667 | 65,693 |
| Net Interest Income | 1.2M | 1.0M | 1.0M | 451,736 |
| Other Income Expense | 2.1M | -1.3M | -2.8M | -74,600 |
| Other Non Operating Income Expenses | 110,910 | 366,915 | 79,167 | 55,959 |
| Special Income Charges | 678.00 | -13,272 | -27,032 | 73,004 |
| Write Off | -678.00 | 13,272 | 27,032 | 1,055 |
| Gain On Sale Of Security | 1.4M | -1.6M | -3.2M | -201,606 |
| Earnings From Equity Interest | 576,159 | -53,333 | 369,085 | -1,957 |
| Pretax Income | 1.3M | 1.0M | -4.0M | 32.0M |
| Tax Provision | 0.00 | -345,116 | 151,145 | 8.3M |
| Tax Effect Of Unusual Items | 0.00 | -652,659 | -839,850 | -33,382 |
| Net Income From Continuing And Discontinued Operation | 1.3M | 1.4M | -4.1M | 23.7M |
| Net Income From Continuing Operation Net Minority Interest | 1.3M | 1.4M | -4.1M | 23.7M |
| Net Income Including Noncontrolling Interests | 1.3M | 1.4M | -4.1M | 23.7M |
| Net Income Common Stockholders | 1.3M | 1.4M | -4.1M | 23.7M |
| Net Income | 1.3M | 1.4M | -4.1M | 23.7M |
| EBITDA | -1.9M | 1.4M | -2.2M | 31.7M |
| Normalized EBITDA | -3.3M | 3.0M | 1.0M | 31.8M |
| Reconciled Depreciation | 88,565 | 84,487 | 82,847 | 40,735 |
| Basic EPS | 0.02 | 0.02 | -0.07 | 0.43 |
| Diluted EPS | 0.02 | 0.02 | -0.07 | 0.42 |
| Basic Average Shares | 55.8M | 55.4M | 55.5M | 55.2M |
| Diluted Average Shares | 56.4M | 56.5M | 55.5M | 56.8M |
| Total Unusual Items | 1.4M | -1.6M | -3.2M | -128,602 |
| Total Unusual Items Excluding Goodwill | 1.4M | -1.6M | -3.2M | -128,602 |
| Tax Rate For Calcs | 0.00 | 0.40 | 0.26 | 0.26 |
| Normalized Income | -121,817 | 2.4M | -1.8M | 23.8M |
| Diluted NI Availto Com Stockholders | 1.3M | 1.4M | -4.1M | 23.7M |
| Gain On Sale Of Ppe | -- | -- | 0.00 | 74,059 |
| Net Income Continuous Operations | 1.3M | 1.4M | -4.1M | 23.7M |
| Net Non Operating Interest Income Expense | 1.2M | 1.0M | 1.0M | 451,736 |
| Other Gand A | 999,992 | 808,785 | 991,607 | 1.2M |
| Reconciled Cost Of Revenue | 88,565 | 84,487 | 82,847 | 40,735 |
| Salaries And Wages | 670,541 | 885,739 | 1.1M | 509,273 |
| Selling And Marketing Expense | 120,257 | 37,331 | 40,384 | 45,314 |
| Total Expenses | 3.5M | 2.8M | 4.2M | 3.6M |
| Total Operating Income As Reported | -1.9M | 1.3M | -2.2M | 31.7M |
| Total Other Finance Cost | -333,636 | -499,603 | -651,712 | -386,043 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 9.1M | 6.6M | 1.5M | 8.3M |
| Cash Cash Equivalents And Short Term Investments | 29.0M | 24.6M | 21.6M | 26.7M |
| Cash Equivalents | 6.3M | 3.2M | 130,356 | 0.00 |
| Cash Financial | 2.8M | 3.4M | 1.4M | 8.3M |
| Other Short Term Investments | 19.8M | 18.0M | 20.1M | 18.4M |
| Accounts Receivable | 49,362 | 50,394 | 139,983 | 78,689 |
| Receivables | 756,009 | 735,724 | 1.1M | 132,600 |
| Prepaid Assets | 139,856 | 82,444 | 73,416 | 92,547 |
| Current Assets | 32.7M | 28.3M | 24.7M | 29.8M |
| Gross PPE | 2.0M | 1.9M | 1.7M | 1.6M |
| Accumulated Depreciation | -977,343 | -895,755 | -818,244 | -742,374 |
| Net PPE | 974,082 | 1.0M | 929,844 | 847,772 |
| Investments And Advances | 491,487 | 75,328 | 128,661 | 5,638 |
| Long Term Equity Investment | 491,487 | 75,328 | 128,661 | 5,638 |
| Other Non Current Assets | 169,321 | 156,280 | 159,846 | 150,136 |
| Total Non Current Assets | 1.8M | 4.1M | 6.5M | 7.7M |
| Total Assets | 34.5M | 32.4M | 31.3M | 37.5M |
| Accounts Payable | 145,177 | 108,714 | 154,592 | 109,340 |
| Payables | 782,757 | 108,714 | 154,592 | 2.6M |
| Payables And Accrued Expenses | 848,506 | 171,401 | 209,834 | 2.6M |
| Current Accrued Expenses | 65,749 | 62,687 | 55,242 | 54,434 |
| Current Liabilities | 848,506 | 171,401 | 209,834 | 2.6M |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 848,506 | 171,401 | 209,834 | 2.6M |
| Common Stock | 56.5M | 56.2M | 56.7M | 56.5M |
| Capital Stock | 56.5M | 56.2M | 56.7M | 56.5M |
| Additional Paid In Capital | 4.9M | 5.1M | 5.0M | 4.9M |
| Retained Earnings | -27.7M | -29.1M | -30.6M | -26.5M |
| Common Stock Equity | 33.7M | 32.3M | 31.0M | 34.9M |
| Stockholders Equity | 33.7M | 32.3M | 31.0M | 34.9M |
| Total Equity Gross Minority Interest | 33.7M | 32.3M | 31.0M | 34.9M |
| Total Capitalization | 33.7M | 32.3M | 31.0M | 34.9M |
| Net Tangible Assets | 33.7M | 32.3M | 31.0M | 34.9M |
| Tangible Book Value | 33.7M | 32.3M | 31.0M | 34.9M |
| Working Capital | 31.9M | 28.2M | 24.5M | 27.2M |
| Invested Capital | 33.7M | 32.3M | 31.0M | 34.9M |
| Share Issued | 56.1M | 55.3M | 55.7M | 55.4M |
| Ordinary Shares Number | 56.1M | 55.3M | 55.7M | 55.4M |
| Allowance For Doubtful Accounts Receivable | 0.00 | -4,109 | -4,109 | -4,109 |
| Current Deferred Assets | 2.9M | 2.9M | 1.9M | 2.9M |
| Duefrom Related Parties Current | 0.00 | 134,152 | 63,454 | 20,217 |
| Dueto Related Parties Current | 552,373 | 0.00 | -- | -- |
| Gross Accounts Receivable | 49,362 | 54,503 | 144,092 | 82,798 |
| Income Tax Payable | 85,207 | 0.00 | 0.00 | 2.4M |
| Investment Properties | 146,874 | 153,851 | 160,827 | 167,804 |
| Investmentsin Joint Venturesat Cost | 491,487 | 75,328 | 128,661 | 5,638 |
| Machinery Furniture Equipment | 608,558 | 591,746 | 591,746 | 508,804 |
| Non Current Deferred Assets | 0.00 | 2.7M | 5.1M | 6.5M |
| Non Current Deferred Liabilities | -- | -- | -- | 0.00 |
| Non Current Deferred Revenue | -- | -- | -- | 0.00 |
| Other Properties | 1.2M | 1.2M | 1.0M | 973,132 |
| Taxes Receivable | 706,647 | 551,178 | 923,391 | 33,694 |
| Total Tax Payable | 85,207 | 0.00 | 0.00 | 2.4M |
| Treasury Shares Number | -- | 0.00 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 2.5M | 2.3M | -3.1M | 7.6M |
| Cash Flow From Continuing Operating Activities | 2.5M | 2.3M | -3.1M | 7.6M |
| Depreciation And Amortization | 88,565 | 84,487 | 82,847 | 40,735 |
| Depreciation Amortization Depletion | 88,565 | 84,487 | 82,847 | 40,735 |
| Stock Based Compensation | 0.00 | 256,933 | 65,746 | 0.00 |
| Deferred Tax | -- | -- | -- | 0.00 |
| Deferred Income Tax | -- | -- | -- | 0.00 |
| Change In Working Capital | 3.6M | 2.3M | -374,150 | -6.5M |
| Changes In Account Receivables | 2.9M | 2.1M | 2.9M | -8.9M |
| Change In Receivables | 3.5M | 2.4M | 2.0M | -8.9M |
| Change In Payables And Accrued Expense | 124,732 | -38,433 | -2.4M | 2.4M |
| Change In Payable | 124,732 | -38,433 | -2.4M | 2.4M |
| Other Non Cash Items | -334,314 | -536,239 | -477,841 | -276,343 |
| Capital Expenditure | -16,812 | -186,525 | -157,942 | -522,965 |
| Purchase Of PPE | -16,812 | -186,525 | -157,942 | -522,965 |
| Net PPE Purchase And Sale | -16,812 | -186,525 | -157,942 | -418,140 |
| Sale Of Business | 160,000 | 0.00 | 246,062 | 0.00 |
| Purchase Of Investment | -4.4M | -4.6M | -9.1M | -4.6M |
| Sale Of Investment | 4.2M | 8.0M | 5.2M | 1.2M |
| Net Investment Purchase And Sale | -245,106 | 3.4M | -3.9M | -3.3M |
| Investing Cash Flow | -101,918 | 3.2M | -3.8M | -3.9M |
| Cash Flow From Continuing Investing Activities | -101,918 | 3.2M | -3.8M | -3.9M |
| Issuance Of Debt | -- | -- | -- | 0.00 |
| Repayment Of Debt | -- | -- | 0.00 | -50,000 |
| Net Issuance Payments Of Debt | -- | -- | 0.00 | -50,000 |
| Repurchase Of Capital Stock | -313,743 | -565,642 | -36,572 | -138,888 |
| Net Common Stock Issuance | -313,743 | -565,642 | -36,572 | -138,888 |
| Common Stock Payments | -313,743 | -565,642 | -36,572 | -138,888 |
| Financing Cash Flow | 92,657 | -422,692 | 40,653 | -104,588 |
| Cash Flow From Continuing Financing Activities | 92,657 | -422,692 | 40,653 | -104,588 |
| Effect Of Exchange Rate Changes | 16,298 | -12,837 | 36,575 | -1,411 |
| Changes In Cash | 2.5M | 5.1M | -6.8M | 3.6M |
| Beginning Cash Position | 6.6M | 1.5M | 8.3M | 4.8M |
| End Cash Position | 9.1M | 6.6M | 1.5M | 8.3M |
| Free Cash Flow | 2.5M | 2.1M | -3.2M | 7.1M |
| Income Tax Paid Supplemental Data | -- | 0.00 | 4.9M | -- |
| Change In Account Payable | 39,525 | -38,433 | 46,060 | -22,058 |
| Change In Income Tax Payable | 85,207 | 0.00 | -2.4M | 2.4M |
| Change In Prepaid Assets | -57,412 | -9,028 | 19,131 | 40,902 |
| Change In Tax Payable | 85,207 | 0.00 | -2.4M | 2.4M |
| Depreciation | 88,565 | 84,487 | 82,847 | 40,735 |
| Earnings Losses From Equity Investments | -576,159 | 53,333 | -369,085 | 1,957 |
| Gain Loss On Investment Securities | 126,844 | 310,032 | -404,307 | -216,523 |
| Gain Loss On Sale Of PPE | -198,019 | -2.9M | -1.1M | -9.6M |
| Long Term Debt Issuance | -- | -- | -- | 0.00 |
| Long Term Debt Payments | -- | -- | 0.00 | -50,000 |
| Net Business Purchase And Sale | 160,000 | 0.00 | 246,062 | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -29,339 | 16,403 | -46,285 | 2,016 |
| Net Income From Continuing Operations | 1.3M | 1.4M | -4.1M | 23.7M |
| Net Investment Properties Purchase And Sale | -- | -- | 0.00 | -174,418 |
| Net Long Term Debt Issuance | -- | -- | 0.00 | -50,000 |
| Net Other Investing Changes | -- | -- | -43,237 | -2,429 |
| Operating Gains Losses | -676,673 | -2.5M | -1.9M | -9.9M |
| Proceeds From Stock Option Exercised | 406,400 | 142,950 | 77,225 | 84,300 |
| Purchase Of Investment Properties | -- | -- | 0.00 | -174,418 |
| Sale Of PPE | -- | -- | 0.00 | 104,825 |
| Unrealized Gain Loss On Investment Securities | -1.5M | 1.3M | 3.6M | 425,702 |