Gulf & Pacific Equities 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 | 1.1M | 1.1M | 1.1M | 1.3M | 1.2M | -- |
| Operating Revenue | 808,238 | 773,496 | 830,467 | 854,239 | 797,705 | -- |
| Cost Of Revenue | 448,524 | 500,573 | 424,689 | 437,681 | 448,372 | -- |
| Gross Profit | 686,322 | 624,169 | 707,932 | 834,654 | 721,477 | -- |
| Selling General And Administration | 222,233 | 273,958 | 241,230 | 211,427 | 200,532 | -- |
| General And Administrative Expense | 222,233 | 273,958 | 241,230 | 211,427 | 200,532 | -- |
| Depreciation And Amortization In Income Statement | 0.00 | 4,747 | 4,747 | 4,747 | 4,747 | -- |
| Operating Expense | 222,233 | 278,705 | 245,977 | 216,174 | 205,279 | -- |
| Operating Income | 464,089 | 345,464 | 461,955 | 618,480 | 516,198 | -- |
| EBIT | 407,221 | 352,418 | 47,085 | 492,231 | 589,266 | -- |
| Interest Expense | 325,167 | 328,070 | 405,877 | 419,209 | 423,067 | -- |
| Interest Expense Non Operating | 325,167 | 328,070 | 405,877 | 419,209 | 423,067 | -- |
| Net Interest Income | -325,167 | -328,070 | -405,877 | -422,783 | -423,067 | -- |
| Other Income Expense | -56,868 | 6,954 | -414,870 | -122,676 | 73,068 | -- |
| Other Non Operating Income Expenses | -- | -- | 1,531 | -11,517 | 23,368 | 1,419 |
| Gain On Sale Of Security | -56,868 | 6,954 | -416,401 | -101,610 | 49,700 | -- |
| Pretax Income | 82,054 | 24,348 | -358,792 | 73,022 | 166,199 | -- |
| Tax Provision | 40,000 | 32,000 | -44,000 | 10,000 | 33,000 | -- |
| Tax Effect Of Unusual Items | -8,530 | 1,043 | -51,065 | -15,223 | 9,868 | -- |
| Net Income From Continuing And Discontinued Operation | 42,054 | -7,652 | -314,792 | 63,022 | 133,199 | -- |
| Net Income From Continuing Operation Net Minority Interest | 42,054 | -7,652 | -314,792 | 63,022 | 133,199 | -- |
| Net Income Including Noncontrolling Interests | 42,054 | -7,652 | -314,792 | 63,022 | 133,199 | -- |
| Net Income Common Stockholders | 42,054 | -7,652 | -314,792 | 63,022 | 133,199 | -- |
| Net Income | 42,054 | -7,652 | -314,792 | 63,022 | 133,199 | -- |
| EBITDA | 407,221 | 357,165 | 51,832 | 496,978 | 594,013 | -- |
| Normalized EBITDA | 464,089 | 350,211 | 468,233 | 608,137 | 544,313 | -- |
| Reconciled Depreciation | 0.00 | 4,747 | 4,747 | 4,747 | 4,747 | -- |
| Basic EPS | 0.00 | 0.00 | -0.01 | -- | 0.01 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | -0.01 | -- | 0.01 | 0.00 |
| Basic Average Shares | 21.4M | 21.4M | 21.4M | -- | 21.4M | 21.4M |
| Diluted Average Shares | 22.0M | 21.4M | 22.0M | -- | 22.0M | 22.0M |
| Total Unusual Items | -56,868 | 6,954 | -416,401 | -111,159 | 49,700 | -- |
| Total Unusual Items Excluding Goodwill | -56,868 | 6,954 | -416,401 | -111,159 | 49,700 | -- |
| Tax Rate For Calcs | 0.15 | 0.15 | 0.12 | 0.14 | 0.20 | -- |
| Normalized Income | 90,392 | -13,563 | 50,544 | 158,958 | 93,367 | -- |
| Amortization | 0.00 | 4,747 | 4,747 | 4,747 | 4,747 | -- |
| Amortization Of Intangibles Income Statement | 0.00 | 4,747 | 4,747 | 4,747 | 4,747 | -- |
| Depreciation Amortization Depletion Income Statement | 0.00 | 4,747 | 4,747 | 4,747 | 4,747 | -- |
| Diluted NI Availto Com Stockholders | 42,054 | -7,652 | -314,792 | 63,022 | 133,199 | -- |
| Net Income Continuous Operations | 42,054 | -7,652 | -314,792 | 63,022 | 133,199 | -- |
| Net Non Operating Interest Income Expense | -325,167 | -328,070 | -405,877 | -422,783 | -423,067 | -- |
| Other Gand A | 222,233 | 273,958 | 241,230 | -124,647 | 200,532 | -- |
| Reconciled Cost Of Revenue | 448,524 | 500,573 | 424,689 | 437,681 | 448,372 | -- |
| Total Expenses | 670,757 | 779,278 | 670,666 | 653,855 | 653,651 | -- |
| 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 | 126,107 | 160,545 | 387,990 | 356,810 | 243,704 | -- |
| Cash Cash Equivalents And Short Term Investments | 126,107 | 160,545 | 387,990 | 356,810 | 243,704 | -- |
| Cash Financial | 126,107 | 160,545 | -- | -- | -- | -- |
| Accounts Receivable | 293,686 | 318,469 | 303,424 | 300,555 | 367,301 | -- |
| Receivables | 293,686 | 318,469 | 303,424 | 300,555 | 367,301 | -- |
| Prepaid Assets | 177,943 | 350,213 | 15,880 | 19,282 | 155,545 | -- |
| Current Assets | 597,736 | 829,227 | 707,294 | 676,647 | 766,550 | -- |
| Gross PPE | 126,478 | 126,478 | 126,478 | 126,478 | 126,478 | -- |
| Accumulated Depreciation | -126,478 | -126,478 | -121,731 | -116,984 | -112,237 | -- |
| Net PPE | 0.00 | 0.00 | 4,747 | 9,494 | 14,241 | -- |
| Investments And Advances | 65,088 | 48,816 | 48,816 | 32,544 | 40,680 | -- |
| Other Non Current Assets | 58,691 | 58,691 | 58,691 | 58,691 | 56,121 | -- |
| Total Non Current Assets | 50.0M | 50.0M | 50.0M | 50.5M | 50.5M | -- |
| Total Assets | 50.6M | 50.9M | 50.7M | 51.2M | 51.2M | -- |
| Accounts Payable | 2.5M | 2.5M | 2.5M | 2.4M | 2.3M | -- |
| Payables | 2.5M | 2.5M | 2.5M | 2.4M | 2.3M | -- |
| Payables And Accrued Expenses | 2.5M | 2.5M | 2.5M | 2.4M | 2.3M | -- |
| Current Liabilities | 2.5M | 2.5M | 2.5M | 2.4M | 2.3M | -- |
| Long Term Debt | 24.4M | 24.7M | 24.5M | 24.7M | 24.9M | -- |
| Long Term Debt And Capital Lease Obligation | 24.4M | 24.7M | 24.5M | 24.7M | 24.9M | -- |
| Long Term Capital Lease Obligation | 0.00 | 0.00 | 5,113 | 10,137 | 15,074 | -- |
| Total Non Current Liabilities Net Minority Interest | 26.2M | 26.5M | 26.3M | 26.5M | 26.7M | -- |
| Total Liabilities Net Minority Interest | 28.7M | 29.0M | 28.8M | 28.9M | 29.1M | -- |
| Common Stock | 7.5M | 7.5M | 7.5M | 7.5M | 7.5M | -- |
| Capital Stock | 7.5M | 7.5M | 7.5M | 7.5M | 7.5M | -- |
| Additional Paid In Capital | 2.9M | 2.9M | 2.9M | 2.9M | 2.9M | -- |
| Retained Earnings | 11.5M | 11.5M | 11.5M | 11.8M | 11.7M | -- |
| Common Stock Equity | 21.9M | 21.9M | 21.9M | 22.2M | 22.2M | -- |
| Stockholders Equity | 21.9M | 21.9M | 21.9M | 22.2M | 22.2M | -- |
| Total Equity Gross Minority Interest | 21.9M | 21.9M | 21.9M | 22.2M | 22.2M | -- |
| Total Capitalization | 46.3M | 46.6M | 46.5M | 47.0M | 47.1M | -- |
| Net Tangible Assets | 21.9M | 21.9M | 21.9M | 22.2M | 22.2M | -- |
| Tangible Book Value | 21.9M | 21.9M | 21.9M | 22.2M | 22.2M | -- |
| Working Capital | -1.9M | -1.6M | -1.8M | -1.7M | -1.6M | -- |
| Invested Capital | 46.3M | 46.6M | 46.5M | 47.0M | 47.1M | -- |
| Total Debt | 24.4M | 24.7M | 24.5M | 24.7M | 24.9M | -- |
| Net Debt | 24.2M | 24.6M | 24.2M | 24.4M | 24.7M | -- |
| Share Issued | 21.4M | 21.4M | 21.4M | 21.4M | 21.4M | -- |
| Ordinary Shares Number | 21.4M | 21.4M | 21.4M | 21.4M | 21.4M | -- |
| Accrued Interest Receivable | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Available For Sale Securities | 65,088 | 48,816 | 48,816 | -- | -- | -- |
| Buildings And Improvements | 126,478 | 126,478 | 126,478 | 126,478 | 126,478 | -- |
| Capital Lease Obligations | 0.00 | 0.00 | 5,113 | 10,137 | 15,074 | -- |
| Investment Properties | 49.9M | 49.9M | 49.9M | 50.4M | 50.4M | -- |
| Investmentin Financial Assets | 65,088 | 48,816 | 48,816 | -- | 40,680 | 40,680 |
| Non Current Deferred Liabilities | 1.8M | 1.8M | 1.8M | 1.8M | 1.8M | -- |
| Non Current Deferred Taxes Liabilities | 1.8M | 1.8M | 1.8M | 1.8M | 1.8M | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Trading Securities | -- | -- | -- | -- | 40,680 | 40,680 |
| 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 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 919,516 | -69,975 | 490,124 | 760,940 | 647,583 | -- |
| Cash Flow From Continuing Operating Activities | 919,516 | -69,975 | 490,124 | 760,940 | 647,583 | -- |
| Depreciation And Amortization | 0.00 | 4,747 | 4,747 | 4,747 | 4,747 | -- |
| Depreciation Amortization Depletion | 0.00 | 4,747 | 4,747 | 4,747 | 4,747 | -- |
| Deferred Tax | 40,000 | 32,000 | -44,000 | 10,000 | 33,000 | -- |
| Deferred Income Tax | 40,000 | 32,000 | -44,000 | 10,000 | 33,000 | -- |
| Change In Working Capital | 459,825 | -417,147 | -7,907 | 216,363 | 51,266 | -- |
| Changes In Account Receivables | 24,783 | -2,575 | -15,339 | 66,746 | -21,136 | -- |
| Change In Receivables | 24,783 | -2,575 | -15,339 | 66,746 | -21,136 | -- |
| Change In Payables And Accrued Expense | 262,772 | -80,239 | 4,030 | 15,924 | -77,470 | -- |
| Other Non Cash Items | 320,769 | 337,501 | 423,205 | 365,198 | 475,071 | -- |
| Investing Cash Flow | -72,277 | -2,477 | 0.00 | -54,463 | -2,305 | -- |
| Cash Flow From Continuing Investing Activities | -72,277 | -2,477 | 0.00 | -54,463 | -2,305 | -- |
| Repayment Of Debt | -211,836 | -207,268 | -201,200 | -198,672 | -184,974 | -- |
| Net Issuance Payments Of Debt | -592,824 | 173,720 | -201,200 | -198,672 | -184,974 | -- |
| Financing Cash Flow | -881,677 | -154,993 | -458,944 | -593,371 | -568,250 | -- |
| Cash Flow From Continuing Financing Activities | -881,677 | -154,993 | -458,944 | -593,371 | -568,250 | -- |
| Changes In Cash | -34,438 | -227,445 | 31,180 | 113,106 | 77,028 | -- |
| Beginning Cash Position | 160,545 | 387,990 | 356,810 | 243,704 | 166,676 | -- |
| End Cash Position | 126,107 | 160,545 | 387,990 | 356,810 | 243,704 | -- |
| Free Cash Flow | 919,516 | -69,975 | 490,124 | 760,940 | 647,583 | -- |
| Amortization Cash Flow | -- | -- | -- | -- | 4,747 | -- |
| Amortization Of Intangibles | -- | -- | -- | -- | 4,747 | -- |
| Asset Impairment Charge | -- | -- | 12,470 | -- | -- | -- |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Change In Prepaid Assets | 172,270 | -334,333 | 3,402 | 136,263 | 149,872 | -- |
| Depreciation | 0.00 | 4,747 | 4,747 | 4,747 | 4,747 | -- |
| Gain Loss On Investment Securities | 56,868 | -6,954 | 416,401 | 101,610 | -49,700 | -- |
| Interest Paid Cff | -288,853 | -323,713 | -257,744 | -394,699 | -378,276 | -- |
| Long Term Debt Payments | -211,836 | -207,268 | -201,200 | -198,672 | -184,974 | -- |
| Net Income From Continuing Operations | 42,054 | -7,652 | -314,792 | 63,022 | 133,199 | -- |
| Net Investment Properties Purchase And Sale | -72,277 | -2,477 | 0.00 | -54,463 | -2,305 | -- |
| Net Long Term Debt Issuance | -592,824 | 173,720 | -201,200 | -198,672 | -184,974 | -- |
| Net Other Financing Charges | 0.00 | -- | -- | 0.00 | -- | -- |
| Operating Gains Losses | 56,868 | -6,954 | 416,401 | 101,610 | -49,700 | -- |
| Proceeds From Stock Option Exercised | 0.00 | -- | -- | 0.00 | 0.00 | -- |
| Purchase Of Investment Properties | -72,277 | -2,477 | 0.00 | -54,463 | -2,305 | -- |