Great Atlantic Resources Corp.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Nov 30, 2025 | Q3 2025Aug 31, 2025 | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost Of Revenue | 21,528 | 21,528 | 21,528 | 20,767 | 24,901 |
| Gross Profit | -21,528 | -21,528 | -21,528 | -20,767 | -24,901 |
| Selling General And Administration | 227,251 | 153,122 | 138,018 | 159,568 | 156,559 |
| General And Administrative Expense | 190,391 | 95,722 | 103,018 | 129,131 | 124,159 |
| Other Operating Expenses | 610,255 | 661,155 | 160,948 | 535,199 | 477,124 |
| Operating Expense | 837,506 | 814,277 | 298,966 | 694,767 | 633,683 |
| Operating Income | -859,034 | -835,805 | -320,494 | -715,534 | -658,584 |
| EBIT | -928,627 | -821,577 | -307,424 | -702,117 | -605,031 |
| Interest Expense | 160,799 | 145,788 | 103,494 | 111,414 | 171,276 |
| Interest Expense Non Operating | 160,799 | 145,788 | 103,494 | 111,414 | 171,276 |
| Net Interest Income | -162,473 | -145,807 | -103,539 | -111,445 | -171,294 |
| Other Income Expense | -67,919 | 14,247 | 13,115 | 13,448 | 53,571 |
| Other Non Operating Income Expenses | 13,500 | 13,500 | 13,500 | 13,500 | 53,534 |
| Gain On Sale Of Security | -81,419 | 747.00 | -385.00 | -52.00 | 37.00 |
| Pretax Income | -1.1M | -967,365 | -410,918 | -813,531 | -776,307 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -1.1M | -967,365 | -410,918 | -813,531 | -776,307 |
| Net Income From Continuing Operation Net Minority Interest | -1.1M | -967,365 | -410,918 | -813,531 | -776,307 |
| Net Income Including Noncontrolling Interests | -1.1M | -967,365 | -410,918 | -813,531 | -776,307 |
| Net Income Common Stockholders | -1.1M | -967,365 | -410,918 | -813,531 | -776,307 |
| Net Income | -1.1M | -967,365 | -410,918 | -813,531 | -776,307 |
| EBITDA | -907,098 | -800,049 | -285,896 | -681,350 | -580,140 |
| Normalized EBITDA | -825,679 | -800,796 | -285,511 | -681,298 | -580,177 |
| Reconciled Depreciation | 21,529 | 21,528 | 21,528 | 20,767 | 24,891 |
| Basic EPS | -0.02 | -0.02 | -0.01 | -- | -0.01 |
| Diluted EPS | -0.02 | -0.02 | -0.01 | -- | -0.01 |
| Basic Average Shares | 64.3M | 60.4M | 57.0M | -- | 54.4M |
| Diluted Average Shares | 64.3M | 60.4M | 57.0M | -- | 54.4M |
| Total Unusual Items | -81,419 | 747.00 | -385.00 | -52.00 | 37.00 |
| Total Unusual Items Excluding Goodwill | -81,419 | 747.00 | -385.00 | -52.00 | 37.00 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -1.0M | -968,112 | -410,533 | -813,479 | -776,344 |
| Diluted NI Availto Com Stockholders | -1.1M | -967,365 | -410,918 | -813,531 | -776,307 |
| Insurance And Claims | 0.00 | 0.00 | 0.00 | 7,000 | 0.00 |
| Net Income Continuous Operations | -1.1M | -967,365 | -410,918 | -813,531 | -776,307 |
| Net Non Operating Interest Income Expense | -162,473 | -145,807 | -103,539 | -111,445 | -171,294 |
| Other Gand A | 190,391 | 95,722 | 103,018 | 122,131 | 124,159 |
| Reconciled Cost Of Revenue | 21,528 | 21,528 | 21,528 | 20,767 | 24,901 |
| Selling And Marketing Expense | 36,860 | 57,400 | 35,000 | 30,437 | 32,400 |
| Total Expenses | 859,034 | 835,805 | 320,494 | 715,534 | 658,584 |
| Total Other Finance Cost | 1,674 | 19.00 | 45.00 | 31.00 | 18.00 |
| Line Item | Q4 2025Nov 30, 2025 | Q3 2025Aug 31, 2025 | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 179.00 | 1,577 | 423.00 | 207.00 | 1,025 |
| Cash Cash Equivalents And Short Term Investments | 6,879 | 5,696 | 3,795 | 3,964 | 4,834 |
| Cash Financial | 179.00 | 1,577 | 423.00 | 207.00 | 1,025 |
| Other Short Term Investments | 6,700 | 4,119 | 3,372 | 3,757 | 3,809 |
| Accounts Receivable | 0.00 | 37,663 | 37,663 | 37,663 | 37,663 |
| Receivables | 121,530 | 128,066 | 104,591 | 110,992 | 172,742 |
| Prepaid Assets | 611.00 | -- | -- | -- | -- |
| Current Assets | 129,020 | 133,762 | 108,386 | 114,956 | 177,576 |
| Gross PPE | 230,795 | 252,090 | 273,383 | 294,677 | 317,194 |
| Accumulated Depreciation | -45,445 | -45,210 | -44,976 | -44,742 | -44,507 |
| Net PPE | 185,350 | 206,880 | 228,407 | 249,935 | 272,687 |
| Total Non Current Assets | 185,350 | 206,880 | 228,407 | 249,935 | 272,687 |
| Total Assets | 314,371 | 340,642 | 336,793 | 364,891 | 450,263 |
| Current Debt | 671,046 | 684,907 | 627,858 | 460,306 | 438,953 |
| Current Debt And Capital Lease Obligation | 753,309 | 767,711 | 711,211 | 544,214 | 525,416 |
| Accounts Payable | 2.0M | 1.6M | 1.3M | 1.3M | 893,687 |
| Payables | 5.3M | 4.6M | 3.9M | 3.7M | 3.0M |
| Payables And Accrued Expenses | 5.3M | 4.6M | 3.9M | 3.7M | 3.0M |
| Current Liabilities | 6.1M | 5.4M | 4.6M | 4.3M | 3.5M |
| Long Term Debt And Capital Lease Obligation | 88,219 | 108,845 | 129,724 | 150,859 | 172,253 |
| Long Term Capital Lease Obligation | 88,219 | 108,845 | 129,724 | 150,859 | 172,253 |
| Other Non Current Liabilities | -1.00 | -- | -- | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 88,218 | 108,845 | 129,724 | 150,859 | 172,253 |
| Total Liabilities Net Minority Interest | 6.1M | 5.5M | 4.7M | 4.4M | 3.7M |
| Common Stock | 27.7M | 27.2M | 27.0M | 27.0M | 27.0M |
| Capital Stock | 27.7M | 27.2M | 27.0M | 27.0M | 27.0M |
| Retained Earnings | -33.8M | -32.8M | -32.1M | -31.6M | -30.8M |
| Common Stock Equity | -5.8M | -5.2M | -4.4M | -4.0M | -3.2M |
| Stockholders Equity | -5.8M | -5.2M | -4.4M | -4.0M | -3.2M |
| Total Equity Gross Minority Interest | -5.8M | -5.2M | -4.4M | -4.0M | -3.2M |
| Total Capitalization | -5.8M | -5.2M | -4.4M | -4.0M | -3.2M |
| Net Tangible Assets | -5.8M | -5.2M | -4.4M | -4.0M | -3.2M |
| Tangible Book Value | -5.8M | -5.2M | -4.4M | -4.0M | -3.2M |
| Working Capital | -5.9M | -5.2M | -4.5M | -4.1M | -3.3M |
| Invested Capital | -5.2M | -4.5M | -3.7M | -3.6M | -2.8M |
| Total Debt | 841,528 | 876,556 | 840,935 | 695,073 | 697,669 |
| Net Debt | 670,867 | 683,330 | 627,435 | 460,099 | 437,928 |
| Share Issued | 65.5M | 60.9M | 57.3M | 57.0M | 57.0M |
| Ordinary Shares Number | 65.5M | 60.9M | 57.3M | 57.0M | 57.0M |
| Capital Lease Obligations | 170,482 | 191,649 | 213,077 | 234,767 | 258,716 |
| Current Capital Lease Obligation | 82,263 | 82,804 | 83,353 | 83,908 | 86,463 |
| Dueto Related Parties Current | 3.3M | 3.0M | 2.6M | 2.4M | 2.1M |
| Machinery Furniture Equipment | 43,570 | 43,570 | 43,570 | 43,570 | 43,570 |
| Other Current Borrowings | 671,046 | 684,907 | 627,858 | 460,306 | 438,953 |
| Other Equity Interest | 273,761 | 462,979 | 695,994 | 636,994 | 650,113 |
| Other Properties | 177,851 | 199,146 | 220,439 | 241,733 | 264,250 |
| Properties | -- | -- | -- | -- | 9,374 |
| Taxes Receivable | 121,530 | 90,403 | 66,928 | 73,329 | 135,079 |
| Line Item | Q4 2025Nov 30, 2025 | Q3 2025Aug 31, 2025 | Q2 2025May 31, 2025 | Q1 2025Feb 28, 2025 | Q4 2024Nov 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -557,972 | -541,126 | -329,686 | -135,603 | -139,443 |
| Cash Flow From Continuing Operating Activities | -557,971 | -541,126 | -329,686 | -135,604 | -139,452 |
| Depreciation And Amortization | 21,529 | 21,528 | 21,528 | 20,767 | 24,891 |
| Depreciation Amortization Depletion | 21,529 | 21,528 | 21,528 | 20,767 | 24,891 |
| Change In Working Capital | 512,507 | 405,458 | 59,319 | 657,108 | 586,139 |
| Change In Receivables | 6,536 | -23,475 | 6,401 | 61,750 | -57,264 |
| Change In Payables And Accrued Expense | 370,442 | 342,666 | 69,004 | 551,875 | 567,563 |
| Change In Payable | 438,884 | 244,424 | -19,548 | 439,409 | 464,416 |
| Change In Other Working Capital | 136,140 | 86,267 | -16,086 | 43,483 | 75,840 |
| Issuance Of Debt | 241,080 | 460,700 | 287,700 | 158,550 | 290,000 |
| Repayment Of Debt | -94,306 | -112,721 | -30,798 | -23,765 | -162,130 |
| Net Issuance Payments Of Debt | 146,774 | 347,979 | 256,902 | 134,785 | 127,870 |
| Issuance Of Capital Stock | 0.00 | -- | -- | 0.00 | 275,000 |
| Net Common Stock Issuance | 0.00 | -- | -- | 7,900 | 267,100 |
| Financing Cash Flow | 556,574 | 542,280 | 329,902 | 134,785 | 140,251 |
| Cash Flow From Continuing Financing Activities | 556,574 | 542,280 | 329,902 | 134,785 | 140,071 |
| Changes In Cash | -1,398 | 1,154 | 216.00 | -818.00 | 808.00 |
| Beginning Cash Position | 1,577 | 423.00 | 207.00 | 1,025 | 217.00 |
| End Cash Position | 179.00 | 1,577 | 423.00 | 207.00 | 1,025 |
| Free Cash Flow | -557,972 | -541,126 | -329,686 | -135,603 | -139,443 |
| Change In Account Payable | 438,884 | 244,424 | -19,548 | 439,409 | 464,416 |
| Change In Accrued Expense | -68,442 | 98,242 | 88,552 | 112,466 | 103,147 |
| Change In Interest Payable | -68,442 | 98,242 | 88,552 | 112,466 | 103,147 |
| Common Stock Issuance | 0.00 | -- | -- | 0.00 | 275,000 |
| Depreciation | 21,529 | 21,528 | 21,528 | 20,767 | 24,891 |
| Long Term Debt Payments | -21,167 | -21,427 | -21,691 | -21,965 | -22,430 |
| Net Income From Continuing Operations | -1.1M | -967,365 | -410,918 | -813,531 | -750,445 |
| Net Long Term Debt Issuance | -21,167 | -21,427 | -21,691 | -21,965 | -22,430 |
| Net Other Financing Charges | -- | -70,574 | 58,000 | -- | -- |
| Net Short Term Debt Issuance | 167,941 | 369,406 | 278,593 | 156,750 | 150,300 |
| Proceeds From Stock Option Exercised | 397,226 | 15,000 | 15,000 | 0.00 | 10,731 |
| Short Term Debt Issuance | 241,080 | 460,700 | 287,700 | 158,550 | 290,000 |
| Short Term Debt Payments | -73,139 | -91,294 | -9,107 | -1,800 | -139,700 |
| Unrealized Gain Loss On Investment Securities | -2,581 | -747.00 | 385.00 | 52.00 | -37.00 |