Hemisphere Energy Corporation
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 |
|---|---|---|---|---|---|
| Total Revenue | 23.1M | 24.4M | 27.3M | 23.4M | 26.7M |
| Operating Revenue | 23.1M | 24.4M | 27.3M | 23.4M | 26.7M |
| Cost Of Revenue | 12.0M | 12.5M | 13.0M | 12.2M | 13.9M |
| Gross Profit | 11.1M | 11.9M | 14.3M | 11.1M | 12.8M |
| Selling General And Administration | 1.7M | 1.9M | 1.3M | 1.5M | 1.3M |
| General And Administrative Expense | 1.7M | 1.9M | 1.3M | 1.5M | 1.3M |
| Other Operating Expenses | 98,000 | 86,000 | 85,000 | 84,000 | 87,000 |
| Operating Expense | 1.8M | 1.9M | 1.4M | 1.6M | 1.4M |
| Operating Income | 9.3M | 10.0M | 12.9M | 9.6M | 11.4M |
| EBIT | 9.5M | 9.7M | 12.0M | 9.6M | 11.6M |
| Interest Expense | 199,000 | 201,000 | 177,000 | 200,000 | 201,000 |
| Interest Expense Non Operating | 199,000 | 201,000 | 177,000 | 200,000 | 201,000 |
| Interest Income | 170,000 | 151,000 | 111,000 | 102,000 | 133,000 |
| Interest Income Non Operating | 170,000 | 151,000 | 111,000 | 102,000 | 133,000 |
| Net Interest Income | -29,000 | -50,000 | -66,000 | -98,000 | -68,000 |
| Other Income Expense | 45,000 | -398,000 | -986,000 | -111,000 | 30,000 |
| Special Income Charges | -- | -- | -- | 75,000 | 0.00 |
| Gain On Sale Of Security | 45,000 | -398,000 | -986,000 | -186,000 | 30,000 |
| Pretax Income | 9.3M | 9.5M | 11.9M | 9.4M | 11.4M |
| Tax Provision | 2.4M | 2.5M | 2.9M | 2.0M | 2.8M |
| Tax Effect Of Unusual Items | 11,574 | -103,447 | -242,404 | -24,043 | 7,373 |
| Net Income From Continuing And Discontinued Operation | 6.9M | 7.1M | 8.9M | 7.3M | 8.6M |
| Net Income From Continuing Operation Net Minority Interest | 6.9M | 7.1M | 8.9M | 7.3M | 8.6M |
| Net Income Including Noncontrolling Interests | 6.9M | 7.1M | 8.9M | 7.3M | 8.6M |
| Net Income Common Stockholders | 6.9M | 7.1M | 8.9M | 7.3M | 8.6M |
| Net Income | 6.9M | 7.1M | 8.9M | 7.3M | 8.6M |
| EBITDA | 12.4M | 12.7M | 14.9M | 12.2M | 14.4M |
| Normalized EBITDA | 12.3M | 13.1M | 15.9M | 12.3M | 14.3M |
| Reconciled Depreciation | 2.9M | 3.0M | 2.9M | 2.6M | 2.8M |
| Basic EPS | 0.07 | 0.07 | 0.09 | -- | 0.09 |
| Diluted EPS | 0.07 | 0.07 | 0.09 | -- | 0.09 |
| Basic Average Shares | 95.7M | 96.7M | 97.1M | -- | 98.4M |
| Diluted Average Shares | 97.6M | 98.3M | 99.0M | -- | 100.6M |
| Total Unusual Items | 45,000 | -398,000 | -986,000 | -111,000 | 30,000 |
| Total Unusual Items Excluding Goodwill | 45,000 | -398,000 | -986,000 | -111,000 | 30,000 |
| Tax Rate For Calcs | 0.26 | 0.26 | 0.25 | 0.22 | 0.25 |
| Normalized Income | 6.9M | 7.3M | 9.7M | 7.4M | 8.6M |
| Diluted NI Availto Com Stockholders | 6.9M | 7.1M | 8.9M | 7.3M | 8.6M |
| Impairment Of Capital Assets | -- | -- | -- | 0.00 | 0.00 |
| Net Income Continuous Operations | 6.9M | 7.1M | 8.9M | 7.3M | 8.6M |
| Net Non Operating Interest Income Expense | -29,000 | -50,000 | -66,000 | -98,000 | -68,000 |
| Other Gand A | 1.2M | 1.3M | 1.3M | 1.5M | 1.3M |
| Reconciled Cost Of Revenue | 12.0M | 12.5M | 13.0M | 12.2M | 13.9M |
| Salaries And Wages | 439,000 | 550,000 | 8,000 | 6,000 | 6,000 |
| Total Expenses | 13.8M | 14.4M | 14.4M | 13.8M | 15.2M |
| Total Operating Income As Reported | -9.8M | -- | -- | -- | -9.5M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 25.9M | 23.1M | 21.4M | 12.6M | 13.7M |
| Cash Cash Equivalents And Short Term Investments | 25.9M | 23.1M | 21.4M | 12.6M | 13.7M |
| Accounts Receivable | 392,000 | 413,000 | 3.8M | 3.6M | 248,000 |
| Receivables | 7.1M | 7.8M | 8.4M | 9.0M | 8.2M |
| Prepaid Assets | 785,000 | 1.5M | 1.3M | 1.1M | 979,000 |
| Current Assets | 33.8M | 32.4M | 31.1M | 22.7M | 22.9M |
| Gross PPE | 191.7M | 186.3M | 183.8M | 182.6M | 180.5M |
| Accumulated Depreciation | -102.8M | -100.0M | -97.0M | -94.1M | -91.5M |
| Net PPE | 88.9M | 86.3M | 86.8M | 88.5M | 88.9M |
| Other Non Current Assets | 116,000 | 116,000 | 116,000 | 116,000 | 116,000 |
| Total Non Current Assets | 89.0M | 86.4M | 86.9M | 88.7M | 89.1M |
| Total Assets | 122.8M | 118.8M | 118.1M | 111.3M | 112.0M |
| Current Debt And Capital Lease Obligation | 939,000 | 947,000 | 875,000 | 826,000 | 930,000 |
| Accounts Payable | 6.1M | 4.2M | 5.6M | 7.7M | 9.5M |
| Payables | 22.8M | 18.5M | 17.1M | 7.7M | 9.5M |
| Payables And Accrued Expenses | 22.8M | 18.5M | 17.1M | 7.7M | 9.5M |
| Other Current Liabilities | 24,000 | 430,000 | 945,000 | 132,000 | 59,000 |
| Current Liabilities | 23.9M | 20.1M | 19.1M | 8.8M | 10.7M |
| Long Term Debt And Capital Lease Obligation | 2.3M | 2.5M | 2.7M | 3.0M | 3.2M |
| Long Term Capital Lease Obligation | 2.3M | 2.5M | 2.7M | 3.0M | 3.2M |
| Total Non Current Liabilities Net Minority Interest | 19.9M | 19.6M | 19.3M | 28.2M | 27.6M |
| Total Liabilities Net Minority Interest | 43.8M | 39.7M | 38.4M | 37.0M | 38.2M |
| Common Stock | 55.3M | 57.1M | 59.4M | 60.2M | 61.4M |
| Capital Stock | 55.3M | 57.1M | 59.4M | 60.2M | 61.4M |
| Additional Paid In Capital | 4.6M | 4.7M | 4.8M | 5.2M | 5.3M |
| Retained Earnings | 19.0M | 17.3M | 15.6M | 9.0M | 7.1M |
| Common Stock Equity | 79.0M | 79.2M | 79.7M | 74.4M | 73.8M |
| Stockholders Equity | 79.0M | 79.2M | 79.7M | 74.4M | 73.8M |
| Total Equity Gross Minority Interest | 79.0M | 79.2M | 79.7M | 74.4M | 73.8M |
| Total Capitalization | 79.0M | 79.2M | 79.7M | 74.4M | 73.8M |
| Net Tangible Assets | 79.0M | 79.2M | 79.7M | 74.4M | 73.8M |
| Tangible Book Value | 79.0M | 79.2M | 79.7M | 74.4M | 73.8M |
| Working Capital | 9.8M | 12.4M | 12.1M | 13.9M | 12.3M |
| Invested Capital | 79.0M | 79.2M | 79.7M | 74.4M | 73.8M |
| Total Debt | 3.2M | 3.4M | 3.6M | 3.8M | 4.2M |
| Share Issued | 94.9M | 95.9M | 97.0M | 97.4M | 98.0M |
| Ordinary Shares Number | 94.9M | 95.9M | 97.0M | 97.4M | 98.0M |
| Capital Lease Obligations | 3.2M | 3.4M | 3.6M | 3.8M | 4.2M |
| Current Capital Lease Obligation | 939,000 | 947,000 | 875,000 | 826,000 | 930,000 |
| Current Deferred Liabilities | -- | -- | -- | -- | 0.00 |
| Current Deferred Taxes Liabilities | -- | -- | -- | -- | 0.00 |
| Current Provisions | 158,000 | 158,000 | 158,000 | 158,000 | 184,000 |
| Duefrom Related Parties Current | 11,000 | 11,000 | 11,000 | 10,000 | 27,000 |
| Hedging Assets Current | -- | -- | -- | 0.00 | 0.00 |
| Long Term Provisions | 5.8M | 5.9M | 5.9M | 5.8M | 7.0M |
| Non Current Deferred Liabilities | 11.0M | 10.9M | 10.8M | 19.4M | 17.4M |
| Non Current Deferred Taxes Liabilities | 11.0M | 10.9M | 10.8M | 19.4M | 17.4M |
| Other Payable | 625,000 | 422,000 | -- | -- | -- |
| Other Properties | 6.9M | 6.9M | 6.8M | 6.8M | 7.0M |
| Other Receivables | 6.7M | 7.4M | 4.6M | 5.4M | 8.0M |
| Properties | 184.8M | 179.4M | 177.0M | 175.8M | 173.5M |
| Total Tax Payable | 16.1M | 13.9M | 11.5M | 0.00 | 0.00 |
| Tradeand Other Payables Non Current | 760,000 | 350,000 | -- | -- | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 15.3M | 11.8M | 16.2M | 12.3M | 16.8M |
| Cash Flow From Continuing Operating Activities | 15.3M | 11.8M | 16.2M | 12.3M | 16.8M |
| Depreciation And Amortization | -- | -- | -- | 273,000 | -- |
| Depreciation Amortization Depletion | 2.9M | 3.0M | 2.9M | 2.6M | 2.8M |
| Stock Based Compensation | 439,000 | 550,000 | 8,000 | 6,000 | 6,000 |
| Deferred Tax | 135,000 | 117,000 | 8,000 | 2.0M | 2.8M |
| Deferred Income Tax | 135,000 | 117,000 | 8,000 | 2.0M | 2.8M |
| Change In Working Capital | 5.5M | 1.6M | 3.5M | 513,000 | 2.7M |
| Other Non Cash Items | -150,000 | 74,000 | 60,000 | -152,000 | 80,000 |
| Capital Expenditure | -4.2M | -1.9M | -1.1M | -2.7M | -6.5M |
| Investing Cash Flow | -5.1M | -2.3M | -3.5M | -6.5M | -5.2M |
| Cash Flow From Continuing Investing Activities | -5.1M | -2.3M | -3.5M | -6.5M | -5.2M |
| Repayment Of Debt | -224,000 | -224,000 | -222,000 | -221,000 | -350,000 |
| Net Issuance Payments Of Debt | -224,000 | -224,000 | -222,000 | -221,000 | -350,000 |
| Repurchase Of Capital Stock | -1.9M | -2.3M | -1.3M | -1.4M | -1.3M |
| Net Common Stock Issuance | -1.9M | -2.3M | -1.3M | -1.4M | -1.3M |
| Common Stock Dividend Paid | -5.2M | -5.3M | -2.4M | -5.4M | -5.4M |
| Common Stock Payments | -1.9M | -2.3M | -1.3M | -1.4M | -1.3M |
| Financing Cash Flow | -7.4M | -7.8M | -3.9M | -7.0M | -6.9M |
| Cash Flow From Continuing Financing Activities | -7.4M | -7.8M | -3.9M | -7.0M | -6.9M |
| Changes In Cash | 2.7M | 1.8M | 8.8M | -1.2M | 4.7M |
| Beginning Cash Position | 23.1M | 21.4M | 12.6M | 13.7M | 9.1M |
| End Cash Position | 25.9M | 23.1M | 21.4M | 12.6M | 13.7M |
| Free Cash Flow | 11.1M | 9.9M | 15.1M | 9.6M | 10.3M |
| Asset Impairment Charge | -- | -- | -- | 0.00 | 0.00 |
| Capital Expenditure Reported | -4.2M | -1.9M | -1.1M | -2.7M | -6.5M |
| Cash Dividends Paid | -5.2M | -5.3M | -2.4M | -5.4M | -5.4M |
| Depletion | -- | -- | -- | 2.3M | -- |
| Depreciation | -- | -- | -- | 273,000 | -- |
| Gain Loss On Investment Securities | -406,000 | -515,000 | -- | -- | -208,000 |
| Long Term Debt Payments | -224,000 | -224,000 | -222,000 | -221,000 | -350,000 |
| Net Foreign Currency Exchange Gain Loss | -9,000 | -2,000 | -41,000 | -- | 0.00 |
| Net Income From Continuing Operations | 6.9M | 7.1M | 8.9M | 7.3M | 8.6M |
| Net Long Term Debt Issuance | -224,000 | -224,000 | -222,000 | -221,000 | -350,000 |
| Net Other Investing Changes | -956,000 | -376,000 | -2.3M | -3.9M | 1.3M |
| Operating Gains Losses | -415,000 | -517,000 | -41,000 | -- | -208,000 |
| Proceeds From Stock Option Exercised | 20,000 | 69,000 | 74,000 | 0.00 | 75,000 |
| Unrealized Gain Loss On Investment Securities | -- | -- | 813,000 | 72,000 | -208,000 |