Hemisphere Energy Corporation
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 | 99.9M | 84.5M | 96.7M | 43.1M |
| Operating Revenue | 99.9M | 84.5M | 96.7M | 43.1M |
| Cost Of Revenue | 50.1M | 41.6M | 46.3M | 20.6M |
| Gross Profit | 49.9M | 42.8M | 50.4M | 22.6M |
| Selling General And Administration | 4.9M | 5.5M | 6.7M | 4.3M |
| General And Administrative Expense | 4.9M | 5.5M | 6.7M | 4.3M |
| Other Operating Expenses | 363,000 | 321,000 | 43,000 | 166,000 |
| Operating Expense | 5.3M | 5.8M | 6.7M | 4.5M |
| Operating Income | 44.6M | 37.0M | 43.7M | 18.1M |
| EBIT | 44.3M | 33.2M | 30.6M | 7.7M |
| Interest Expense | 746,000 | 731,000 | 929,000 | 1.7M |
| Interest Expense Non Operating | 746,000 | 731,000 | 929,000 | 1.7M |
| Interest Income | 306,000 | 121,000 | 0.00 | -- |
| Interest Income Non Operating | 306,000 | 121,000 | 0.00 | -- |
| Net Interest Income | -440,000 | -610,000 | -929,000 | -2.9M |
| Other Income Expense | -589,000 | -4.0M | -13.1M | -9.2M |
| Special Income Charges | 75,000 | -4.8M | -842,000 | 1.9M |
| Gain On Sale Of Security | -664,000 | 855,000 | -12.2M | -11.1M |
| Pretax Income | 43.5M | 32.5M | 29.7M | 5.9M |
| Tax Provision | 10.4M | 8.3M | 8.3M | 0.00 |
| Tax Effect Of Unusual Items | -141,046 | -1.0M | -3.7M | 0.00 |
| Net Income From Continuing And Discontinued Operation | 33.1M | 24.2M | 21.3M | 5.9M |
| Net Income From Continuing Operation Net Minority Interest | 33.1M | 24.2M | 21.3M | 5.9M |
| Net Income Including Noncontrolling Interests | 33.1M | 24.2M | 21.3M | 5.9M |
| Net Income Common Stockholders | 33.1M | 24.2M | 21.3M | 5.9M |
| Net Income | 33.1M | 24.2M | 21.3M | 5.9M |
| EBITDA | 54.5M | 42.2M | 38.5M | 12.2M |
| Normalized EBITDA | 55.1M | 46.2M | 51.5M | 21.4M |
| Reconciled Depreciation | 10.2M | 9.0M | 7.9M | 4.5M |
| Basic EPS | 0.34 | 0.24 | 0.21 | 0.07 |
| Diluted EPS | 0.33 | 0.24 | 0.21 | 0.06 |
| Basic Average Shares | 98.1M | 100.9M | 99.3M | 88.6M |
| Diluted Average Shares | 100.0M | 101.9M | 101.2M | 92.4M |
| Total Unusual Items | -589,000 | -4.0M | -13.1M | -9.2M |
| Total Unusual Items Excluding Goodwill | -589,000 | -4.0M | -13.1M | -9.2M |
| Tax Rate For Calcs | 0.24 | 0.25 | 0.28 | 0.00 |
| Normalized Income | 33.6M | 27.1M | 30.7M | 15.1M |
| Diluted NI Availto Com Stockholders | 33.1M | 24.2M | 21.3M | 5.9M |
| Gain On Sale Of Ppe | 75,000 | 0.00 | -- | 0.00 |
| Impairment Of Capital Assets | 0.00 | 4.8M | 842,000 | -1.9M |
| Net Income Continuous Operations | 33.1M | 24.2M | 21.3M | 5.9M |
| Net Non Operating Interest Income Expense | -440,000 | -610,000 | -929,000 | -2.9M |
| Other Gand A | 4.9M | 4.6M | 4.1M | 3.3M |
| Other Special Charges | -- | -- | -- | 768,680 |
| Reconciled Cost Of Revenue | 50.1M | 41.6M | 46.3M | 20.6M |
| Salaries And Wages | 25,000 | 846,000 | 2.6M | 1.0M |
| Total Expenses | 55.4M | 47.4M | 53.0M | 25.1M |
| Total Operating Income As Reported | -- | -- | 37.4M | 15.1M |
| Total Other Finance Cost | -- | -- | -- | 1.2M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 12.6M | 7.2M | 152,000 | 0.00 |
| Cash Cash Equivalents And Short Term Investments | 12.6M | 7.2M | 152,000 | 0.00 |
| Other Short Term Investments | -- | -- | -- | 433,370 |
| Accounts Receivable | 3.6M | 1.2M | 142,000 | 202,000 |
| Receivables | 9.0M | 5.8M | 4.8M | 4.2M |
| Prepaid Assets | 1.1M | 1.2M | 828,000 | 592,000 |
| Current Assets | 22.7M | 14.3M | 5.8M | 5.2M |
| Gross PPE | 182.6M | 160.2M | 142.8M | 124.6M |
| Accumulated Depreciation | -94.1M | -83.9M | -70.7M | -62.9M |
| Net PPE | 88.5M | 76.3M | 72.1M | 61.8M |
| Other Non Current Assets | 116,000 | 116,000 | 116,000 | 116,000 |
| Total Non Current Assets | 88.7M | 76.4M | 72.2M | 61.9M |
| Total Assets | 111.3M | 90.7M | 78.0M | 67.1M |
| Current Debt And Capital Lease Obligation | 826,000 | 702,000 | 633,000 | 403,000 |
| Accounts Payable | 7.7M | 3.3M | 6.4M | 7.2M |
| Payables | 7.7M | 10.5M | 6.6M | 7.2M |
| Payables And Accrued Expenses | 7.7M | 10.5M | 6.6M | 7.2M |
| Other Current Liabilities | 132,000 | -- | 417,000 | 6.9M |
| Current Liabilities | 8.8M | 11.4M | 7.8M | 14.6M |
| Long Term Debt | -- | -- | -- | 15.5M |
| Long Term Debt And Capital Lease Obligation | 3.0M | 2.7M | 3.3M | 17.7M |
| Long Term Capital Lease Obligation | 3.0M | 2.7M | 3.3M | 2.2M |
| Total Non Current Liabilities Net Minority Interest | 28.2M | 18.1M | 17.2M | 26.8M |
| Total Liabilities Net Minority Interest | 37.0M | 29.5M | 25.0M | 41.3M |
| Common Stock | 60.2M | 63.2M | 67.1M | 56.5M |
| Capital Stock | 60.2M | 63.2M | 67.1M | 56.5M |
| Additional Paid In Capital | 5.2M | 6.4M | 5.3M | 2.6M |
| Retained Earnings | 9.0M | -8.4M | -19.5M | -33.3M |
| Common Stock Equity | 74.4M | 61.2M | 53.0M | 25.8M |
| Stockholders Equity | 74.4M | 61.2M | 53.0M | 25.8M |
| Total Equity Gross Minority Interest | 74.4M | 61.2M | 53.0M | 25.8M |
| Total Capitalization | 74.4M | 61.2M | 53.0M | 41.3M |
| Net Tangible Assets | 74.4M | 61.2M | 53.0M | 25.8M |
| Tangible Book Value | 74.4M | 61.2M | 53.0M | 25.8M |
| Working Capital | 13.9M | 2.9M | -2.0M | -9.3M |
| Invested Capital | 74.4M | 61.2M | 53.0M | 41.3M |
| Total Debt | 3.8M | 3.4M | 3.9M | 18.1M |
| Net Debt | -- | -- | -- | 15.5M |
| Share Issued | 97.4M | 99.3M | 102.0M | 91.3M |
| Ordinary Shares Number | 97.4M | 99.3M | 102.0M | 91.3M |
| Capital Lease Obligations | 3.8M | 3.4M | 3.9M | 2.6M |
| Current Capital Lease Obligation | 826,000 | 702,000 | 633,000 | 403,000 |
| Current Deferred Liabilities | -- | 7.2M | 212,000 | 0.00 |
| Current Deferred Taxes Liabilities | -- | 7.2M | 212,000 | 0.00 |
| Current Provisions | 158,000 | 184,000 | 198,000 | -- |
| Duefrom Related Parties Current | 10,000 | 20,000 | 18,000 | 36,000 |
| Hedging Assets Current | 0.00 | 208,000 | 0.00 | 433,000 |
| Long Term Provisions | 5.8M | 6.4M | 5.8M | 9.1M |
| Non Current Deferred Assets | -- | -- | -- | 0.00 |
| Non Current Deferred Liabilities | 19.4M | 9.0M | 8.1M | 0.00 |
| Non Current Deferred Taxes Liabilities | 19.4M | 9.0M | 8.1M | 0.00 |
| Other Properties | 6.8M | 5.5M | 5.4M | 3.3M |
| Other Receivables | 5.4M | 4.5M | 4.7M | 4.0M |
| Properties | 175.8M | 154.7M | 137.4M | 121.3M |
| Total Tax Payable | 0.00 | 7.2M | 212,000 | 0.00 |
| 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 | 46.5M | 44.2M | 45.1M | 18.4M |
| Cash Flow From Continuing Operating Activities | 46.5M | 44.2M | 45.1M | 18.4M |
| Depreciation And Amortization | 952,000 | 808,000 | 668,000 | -- |
| Depreciation Amortization Depletion | 10.2M | 9.0M | 7.9M | 4.5M |
| Stock Based Compensation | 25,000 | 846,000 | 2.6M | 1.0M |
| Deferred Tax | 10.4M | 842,000 | 8.1M | 0.00 |
| Deferred Income Tax | 10.4M | 842,000 | 8.1M | 0.00 |
| Change In Working Capital | -7.6M | 5.3M | -911,000 | -65,000 |
| Other Non Cash Items | 91,000 | -115,000 | -641,000 | 1.3M |
| Capital Expenditure | -11.4M | -14.1M | -17.1M | -10.9M |
| Purchase Of PPE | -- | -14.1M | -17.1M | -10.9M |
| Net PPE Purchase And Sale | 75,000 | 0.00 | -17.1M | -10.9M |
| Investing Cash Flow | -20.3M | -19.5M | -18.8M | -8.3M |
| Cash Flow From Continuing Investing Activities | -20.3M | -19.5M | -18.8M | -8.3M |
| Issuance Of Debt | -- | -- | -- | 15.5M |
| Repayment Of Debt | -946,000 | -636,000 | -689,000 | -26.2M |
| Net Issuance Payments Of Debt | -946,000 | -636,000 | -16.2M | -10.7M |
| Issuance Of Capital Stock | -- | -- | -- | 375,700 |
| Repurchase Of Capital Stock | -5.5M | -4.1M | -3.4M | -164,000 |
| Net Common Stock Issuance | -5.5M | -4.1M | -3.4M | -164,000 |
| Common Stock Dividend Paid | -15.7M | -13.1M | -7.7M | 0.00 |
| Common Stock Payments | -5.5M | -4.1M | -3.4M | -164,000 |
| Financing Cash Flow | -20.9M | -17.7M | -26.1M | -10.5M |
| Cash Flow From Continuing Financing Activities | -20.9M | -17.7M | -26.1M | -10.5M |
| Changes In Cash | 5.4M | 7.0M | 152,000 | -435,000 |
| Beginning Cash Position | 7.2M | 152,000 | 0.00 | 435,000 |
| End Cash Position | 12.6M | 7.2M | 152,000 | 0.00 |
| Free Cash Flow | 35.2M | 30.1M | 28.0M | 7.4M |
| Interest Paid Supplemental Data | 500,000 | 500,000 | 700,000 | -- |
| Asset Impairment Charge | 0.00 | 4.8M | 842,000 | -1.9M |
| Capital Expenditure Reported | -11.4M | -14.1M | -17.1M | -10.9M |
| Cash Dividends Paid | -15.7M | -13.1M | -7.7M | 0.00 |
| Common Stock Issuance | -- | -- | -- | 375,700 |
| Depletion | 9.3M | 8.2M | 7.2M | -- |
| Depreciation | 952,000 | 808,000 | 668,000 | -- |
| Gain Loss On Investment Securities | -- | -- | 6.8M | 6.1M |
| Long Term Debt Issuance | -- | -- | -- | 15.5M |
| Long Term Debt Payments | -946,000 | -636,000 | -689,000 | -26.2M |
| Net Foreign Currency Exchange Gain Loss | -- | -- | -- | 0.00 |
| Net Income From Continuing Operations | 33.1M | 24.2M | 21.3M | 5.9M |
| Net Long Term Debt Issuance | -946,000 | -636,000 | -16.2M | -10.7M |
| Net Other Investing Changes | -9.0M | -5.3M | -1.7M | 2.7M |
| Operating Gains Losses | -75,000 | -- | 6.8M | 6.1M |
| Proceeds From Stock Option Exercised | 1.3M | 66,000 | 1.2M | 376,000 |
| Sale Of PPE | 75,000 | 0.00 | -- | -- |
| Unrealized Gain Loss On Investment Securities | 340,000 | -625,000 | -932,000 | 1.5M |