High Liner Foods Incorporated
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 239.6M | 268.4M | 235.0M | 228.9M | 218.3M |
| Operating Revenue | 239.6M | 268.4M | 235.0M | 228.9M | 218.3M |
| Cost Of Revenue | 186.3M | 204.9M | 184.1M | 180.5M | 165.8M |
| Gross Profit | 53.3M | 63.5M | 51.0M | 48.3M | 52.5M |
| Selling General And Administration | 36.5M | 39.0M | 37.4M | 33.0M | 36.2M |
| General And Administrative Expense | 25.0M | 26.5M | 26.1M | 21.8M | 25.8M |
| Operating Expense | 36.5M | 39.0M | 37.4M | 33.0M | 36.2M |
| Operating Income | 16.9M | 24.5M | 13.6M | 15.4M | 16.3M |
| EBIT | 15.1M | 24.4M | 24.9M | 15.4M | 25.9M |
| Interest Expense | 5.7M | 4.7M | 17.0M | -- | 5.1M |
| Interest Expense Non Operating | 5.7M | 4.7M | 17.0M | -- | 5.1M |
| Interest Income | -- | -- | -- | 8.0M | -- |
| Interest Income Non Operating | -- | -- | -- | 8.0M | -- |
| Net Interest Income | -5.7M | -4.7M | -18.5M | 8.0M | -5.1M |
| Other Income Expense | -1.8M | -123,000 | 12.8M | -232,000 | 9.7M |
| Special Income Charges | -1.8M | -123,000 | 12.5M | -232,000 | 9.7M |
| Restructuring And Mergern Acquisition | 1.8M | 123,000 | 232,000 | 232,000 | -9.7M |
| Pretax Income | 9.3M | 19.7M | 7.9M | 23.2M | 20.8M |
| Tax Provision | 875,000 | 4.4M | 1.9M | 4.8M | 1.5M |
| Tax Effect Of Unusual Items | -186,121 | -27,429 | 3.1M | -48,024 | 716,616 |
| Net Income From Continuing And Discontinued Operation | 8.5M | 15.3M | 5.9M | 18.3M | 19.3M |
| Net Income From Continuing Operation Net Minority Interest | 8.5M | 15.3M | 5.9M | 18.3M | 19.3M |
| Net Income Including Noncontrolling Interests | 8.5M | 15.3M | 5.9M | 18.3M | 19.3M |
| Net Income Common Stockholders | 8.5M | 15.3M | 5.9M | 18.3M | 19.3M |
| Net Income | 8.5M | 15.3M | 5.9M | 18.3M | 19.3M |
| EBITDA | 21.0M | 30.4M | 30.7M | 21.3M | 31.6M |
| Normalized EBITDA | 22.8M | 30.6M | 17.9M | 21.5M | 21.9M |
| Reconciled Depreciation | 5.9M | 6.0M | 5.8M | 5.9M | 5.7M |
| Basic EPS | 0.28 | 0.51 | -- | 0.61 | 0.59 |
| Diluted EPS | 0.28 | 0.51 | -- | 0.61 | 0.59 |
| Basic Average Shares | 29.9M | 30.2M | -- | 30.5M | 32.7M |
| Diluted Average Shares | 30.0M | 30.3M | -- | 30.5M | 32.8M |
| Total Unusual Items | -1.8M | -123,000 | 12.8M | -232,000 | 9.7M |
| Total Unusual Items Excluding Goodwill | -1.8M | -123,000 | 12.8M | -232,000 | 9.7M |
| Tax Rate For Calcs | 0.10 | 0.22 | 0.25 | 0.21 | 0.07 |
| Normalized Income | 10.1M | 15.4M | -3.7M | 18.5M | 10.3M |
| Diluted NI Availto Com Stockholders | 8.5M | 15.3M | 5.9M | 18.3M | 19.3M |
| Net Income Continuous Operations | 8.5M | 15.3M | 5.9M | 18.3M | 19.3M |
| Net Non Operating Interest Income Expense | -5.7M | -4.7M | -18.5M | 8.0M | -5.1M |
| Other Gand A | 25.0M | 26.5M | 26.1M | 21.8M | 25.8M |
| Reconciled Cost Of Revenue | 186.3M | 204.9M | 184.1M | 180.5M | 165.8M |
| Selling And Marketing Expense | 11.4M | 12.5M | 11.3M | 11.1M | 10.5M |
| Total Expenses | 222.7M | 243.9M | 221.5M | 213.5M | 202.1M |
| Total Operating Income As Reported | -15.1M | 24.4M | 13.4M | 15.2M | -25.9M |
| Line Item | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 337,000 | 223,000 | 15.5M | 9.6M | 15.6M |
| Cash Cash Equivalents And Short Term Investments | 2.3M | 2.9M | 20.0M | 11.4M | 18.7M |
| Cash Financial | 337,000 | 223,000 | 15.5M | 9.6M | 15.6M |
| Other Short Term Investments | 2.0M | 2.7M | 4.5M | 1.7M | 3.1M |
| Accounts Receivable | 98.4M | 118.5M | 91.1M | 100.9M | 92.0M |
| Receivables | 103.5M | 124.3M | 101.9M | 107.0M | 93.4M |
| Inventory | 299.1M | 282.4M | 289.2M | 271.2M | 251.7M |
| Prepaid Assets | 6.3M | 5.1M | 4.5M | 5.7M | 7.1M |
| Current Assets | 411.2M | 414.7M | 415.7M | 395.4M | 370.9M |
| Gross PPE | 145.6M | 143.4M | 278.1M | 143.4M | 137.9M |
| Accumulated Depreciation | -- | -- | -134.5M | -- | -- |
| Net PPE | 145.6M | 143.4M | 143.6M | 143.4M | 137.9M |
| Goodwill | 157.0M | 156.6M | 156.6M | 157.2M | 157.0M |
| Goodwill And Other Intangible Assets | 267.3M | 268.2M | 269.9M | 272.9M | 274.2M |
| Other Intangible Assets | 110.2M | 111.6M | 113.3M | 115.7M | 117.2M |
| Other Non Current Assets | 45.1M | -- | -- | -- | -- |
| Total Non Current Assets | 462.6M | 450.0M | 433.6M | 435.0M | 430.7M |
| Total Assets | 873.9M | 864.8M | 849.3M | 830.5M | 801.6M |
| Current Debt | 7.5M | 7.5M | 7.5M | 6.0M | 7.5M |
| Current Debt And Capital Lease Obligation | 11.7M | 11.6M | 11.9M | 10.1M | 11.6M |
| Accounts Payable | 132.5M | 136.3M | 134.5M | 133.3M | 111.2M |
| Payables | 132.9M | 140.2M | 140.7M | 133.8M | 113.5M |
| Payables And Accrued Expenses | 132.9M | 140.2M | 140.7M | 133.8M | 113.5M |
| Current Deferred Revenue | 488,000 | 905,000 | 2.6M | 2.8M | 2.1M |
| Other Current Liabilities | 12.4M | 10.5M | 2.6M | 1.8M | 1.2M |
| Current Liabilities | 157.6M | 163.3M | 170.7M | 148.7M | 128.7M |
| Long Term Debt | 242.0M | 238.9M | 211.3M | 212.0M | 228.8M |
| Long Term Debt And Capital Lease Obligation | 246.1M | 244.1M | 217.1M | 218.7M | 234.0M |
| Long Term Capital Lease Obligation | 4.2M | 5.2M | 5.8M | 6.7M | 5.2M |
| Other Non Current Liabilities | 3.1M | 2.1M | 9.7M | 7.7M | 7.8M |
| Total Non Current Liabilities Net Minority Interest | 297.6M | 290.3M | 272.9M | 271.9M | 275.5M |
| Total Liabilities Net Minority Interest | 455.3M | 453.6M | 443.6M | 420.7M | 404.1M |
| Common Stock | 84.5M | 84.8M | 85.5M | 85.8M | 86.1M |
| Capital Stock | 84.5M | 84.8M | 85.5M | 85.8M | 86.1M |
| Additional Paid In Capital | 15.5M | 15.4M | 15.5M | 15.4M | 15.5M |
| Retained Earnings | 348.8M | 344.8M | 338.8M | 334.2M | 321.5M |
| Gains Losses Not Affecting Retained Earnings | -30.1M | -33.8M | -34.1M | -25.6M | -25.6M |
| Other Equity Adjustments | -30.1M | -33.8M | -34.1M | -25.6M | -25.6M |
| Common Stock Equity | 418.6M | 411.2M | 405.7M | 409.8M | 397.4M |
| Stockholders Equity | 418.6M | 411.2M | 405.7M | 409.8M | 397.4M |
| Total Equity Gross Minority Interest | 418.6M | 411.2M | 405.7M | 409.8M | 397.4M |
| Total Capitalization | 660.6M | 650.0M | 617.0M | 621.8M | 626.2M |
| Net Tangible Assets | 151.3M | 142.9M | 135.8M | 136.9M | 123.2M |
| Tangible Book Value | 151.3M | 142.9M | 135.8M | 136.9M | 123.2M |
| Working Capital | 253.6M | 251.4M | 245.0M | 246.7M | 242.2M |
| Invested Capital | 668.1M | 657.5M | 624.5M | 627.8M | 633.7M |
| Total Debt | 257.9M | 255.7M | 229.0M | 228.8M | 245.6M |
| Net Debt | 249.1M | 246.1M | 203.3M | 208.4M | 220.7M |
| Share Issued | 29.1M | 29.2M | 29.7M | 29.8M | 30.0M |
| Ordinary Shares Number | 29.1M | 29.2M | 29.7M | 29.8M | 30.0M |
| Capital Lease Obligations | 8.4M | 9.3M | 10.2M | 10.8M | 9.4M |
| Current Capital Lease Obligation | 4.2M | 4.1M | 4.4M | 4.1M | 4.1M |
| Current Deferred Assets | 0.00 | 0.00 | 145,000 | 134,000 | -- |
| Current Deferred Liabilities | 488,000 | 905,000 | 2.6M | 2.8M | 2.1M |
| Current Provisions | 146,000 | 160,000 | 121,000 | 327,000 | 282,000 |
| Employee Benefits | 8.4M | 8.4M | 8.2M | 9.9M | 8.6M |
| Finished Goods | -- | -- | 175.6M | -- | -- |
| Income Tax Payable | 431,000 | 3.9M | 6.2M | 447,000 | 2.3M |
| Land And Improvements | -- | -- | 93.6M | -- | -- |
| Leases | -- | -- | 27.7M | -- | -- |
| Line Of Credit | -- | -- | 0.00 | 0.00 | 0.00 |
| Machinery Furniture Equipment | -- | -- | 156.8M | -- | -- |
| Non Current Accounts Receivable | -- | 35.5M | 18.7M | 18.5M | 18.2M |
| Non Current Deferred Assets | 4.6M | 2.9M | 1.3M | 208,000 | 375,000 |
| Non Current Deferred Liabilities | 36.0M | 35.8M | 35.1M | 34.7M | 24.9M |
| Non Current Deferred Taxes Assets | 4.6M | 2.9M | 1.2M | -- | -- |
| Non Current Deferred Taxes Liabilities | 36.0M | 35.8M | 35.1M | 34.7M | 24.9M |
| Other Current Borrowings | 7.5M | 7.5M | 7.5M | 6.0M | 7.5M |
| Other Properties | 145.6M | 143.4M | -- | 143.4M | 137.9M |
| Other Receivables | -- | -- | 1.1M | -- | -- |
| Pensionand Other Post Retirement Benefit Plans Current | -- | -- | 12.7M | -- | -- |
| Properties | -- | -- | 0.00 | -- | -- |
| Raw Materials | -- | -- | 113.5M | -- | -- |
| Taxes Receivable | 5.1M | 5.9M | 9.7M | 6.1M | 1.4M |
| Total Tax Payable | 431,000 | 3.9M | 6.2M | 447,000 | 2.3M |
| Tradeand Other Payables Non Current | 4.0M | 0.00 | 2.8M | 867,000 | 293,000 |
| Line Item | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 15.6M | -10.6M | 20.6M | 13.4M | 39.0M |
| Cash Flow From Continuing Operating Activities | 15.6M | -10.6M | 20.6M | 13.4M | 39.0M |
| Depreciation And Amortization | 5.9M | 6.0M | 5.8M | 5.9M | 5.7M |
| Depreciation Amortization Depletion | 5.9M | 6.0M | 5.8M | 5.9M | 5.7M |
| Stock Based Compensation | 2.3M | 1.6M | 4.0M | 55,000 | 1.7M |
| Deferred Tax | 875,000 | 4.4M | 1.9M | 4.8M | 1.5M |
| Deferred Income Tax | 875,000 | 4.4M | 1.9M | 4.8M | 1.5M |
| Change In Working Capital | -70,000 | -32.1M | -147,000 | -2.1M | 25.1M |
| Changes In Account Receivables | 21.2M | -26.0M | 6.9M | -8.6M | 22.6M |
| Change In Receivables | 21.2M | -26.0M | 6.9M | -8.6M | 22.6M |
| Change In Inventory | -12.5M | 7.7M | -24.0M | -18.3M | 6.5M |
| Change In Payables And Accrued Expense | -7.7M | -13.3M | 16.2M | 23.4M | -4.0M |
| Change In Other Working Capital | -17,000 | 39,000 | -201,000 | 44,000 | -51,000 |
| Other Non Cash Items | 5.7M | 4.7M | 5.7M | -8.0M | -4.7M |
| Capital Expenditure | -4.8M | -3.1M | -6.6M | -7.1M | -7.7M |
| Purchase Of PPE | -4.8M | -3.1M | -6.6M | -6.8M | -7.7M |
| Net PPE Purchase And Sale | -4.8M | -3.1M | -6.6M | -6.8M | -7.7M |
| Purchase Of Investment | -6.9M | -17.7M | -- | 0.00 | -10.0M |
| Net Investment Purchase And Sale | -6.9M | -17.7M | -- | 0.00 | -10.0M |
| Investing Cash Flow | -11.7M | -20.8M | -8.1M | -7.1M | -17.7M |
| Cash Flow From Continuing Investing Activities | -11.7M | -20.8M | -8.1M | -7.1M | -17.7M |
| Issuance Of Debt | 3.0M | 28.5M | -- | -- | -- |
| Repayment Of Debt | -2.7M | -3.1M | -2.0M | -2.8M | -10.6M |
| Net Issuance Payments Of Debt | 328,000 | 25.3M | -915,000 | -1.7M | -10.6M |
| Repurchase Of Capital Stock | -2.3M | -- | -- | -1.5M | -5.5M |
| Net Common Stock Issuance | -2.3M | -- | -- | -1.5M | -5.5M |
| Common Stock Dividend Paid | -3.6M | -3.5M | -3.6M | -3.3M | -3.3M |
| Common Stock Payments | -2.3M | -- | -- | -1.5M | -5.5M |
| Financing Cash Flow | -5.6M | 16.3M | -6.0M | -12.3M | -19.4M |
| Cash Flow From Continuing Financing Activities | -5.6M | 16.3M | -6.0M | -12.3M | -19.4M |
| Effect Of Exchange Rate Changes | 1.8M | -163,000 | -742,000 | -44,000 | -228,000 |
| Changes In Cash | -1.7M | -15.1M | 6.6M | -5.9M | 1.9M |
| Beginning Cash Position | 223,000 | 15.5M | 9.6M | 15.6M | 13.9M |
| End Cash Position | 337,000 | 223,000 | 15.5M | 9.6M | 15.6M |
| Free Cash Flow | 10.7M | -13.7M | 14.0M | 6.4M | 31.3M |
| Cash Dividends Paid | -3.6M | -3.5M | -3.6M | -3.3M | -3.3M |
| Change In Prepaid Assets | -1.0M | -538,000 | 985,000 | 1.4M | 24,000 |
| Interest Paid Cff | -- | -74,000 | -- | -5.8M | 0.00 |
| Interest Paid Cfo | -5.6M | -3.7M | -2.3M | -5.7M | -4.6M |
| Long Term Debt Issuance | 3.0M | 28.5M | -- | -- | -- |
| Long Term Debt Payments | -2.7M | -3.1M | -2.0M | -2.8M | -10.6M |
| Net Foreign Currency Exchange Gain Loss | -1.0M | -223,000 | -991,000 | -119,000 | -233,000 |
| Net Income From Continuing Operations | 8.5M | 15.3M | 5.9M | 18.3M | 19.3M |
| Net Long Term Debt Issuance | 328,000 | 25.3M | -901,000 | -1.7M | -10.6M |
| Net Other Financing Charges | 21,000 | -5.4M | -- | -- | -- |
| Net Short Term Debt Issuance | -- | -- | -14,000 | -20,000 | -7.3M |
| Operating Gains Losses | -1.5M | -484,000 | -775,000 | -161,000 | -316,000 |
| Pension And Employee Benefit Expense | -446,000 | -277,000 | -163,000 | -172,000 | -327,000 |
| Proceeds From Stock Option Exercised | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Debt Payments | -- | -- | -14,000 | -20,000 | -7.3M |
| Taxes Refund Paid | -489,000 | -6.4M | 471,000 | 182,000 | -4.7M |