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Canlan Ice Sports Corp.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
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 21.1M 23.5M 28.0M 26.0M 20.0M
Operating Revenue 21.1M 23.3M 27.8M 25.8M 20.0M
Cost Of Revenue 1.1M 1.5M 1.6M 1.5M 1.0M
Gross Profit 20.0M 22.0M 26.4M 24.6M 18.9M
Selling General And Administration 14.0M 15.5M 13.8M 14.5M 13.5M
General And Administrative Expense 10.8M 11.7M 10.9M 11.0M 10.6M
Depreciation And Amortization In Income Statement 2.0M 2.0M 2.0M 2.0M 1.9M
Other Operating Expenses 5.5M 3.8M 3.2M 4.1M 5.3M
Operating Expense 22.4M 21.9M 19.9M 21.4M 21.5M
Operating Income -2.4M 27,000 6.5M 3.2M -2.6M
EBIT -2.3M 330,000 6.4M 3.4M -3.5M
Interest Expense 772,000 744,000 729,000 810,000 645,000
Interest Expense Non Operating 772,000 744,000 729,000 810,000 645,000
Interest Income 79,000 119,000 136,000 138,000 135,000
Interest Income Non Operating 79,000 119,000 136,000 138,000 135,000
Net Interest Income -693,000 -625,000 -593,000 -672,000 -510,000
Other Income Expense -36,000 184,000 -294,000 92,000 -1.1M
Special Income Charges 0.00 -- -- 0.00 9,000
Gain On Sale Of Security -36,000 184,000 -294,000 92,000 -1.1M
Pretax Income -3.1M -414,000 5.6M 2.6M -4.2M
Tax Provision -621,000 -236,000 1.4M 278,000 -1.5M
Tax Effect Of Unusual Items -7,230 27,600 -74,701 9,695 -395,802
Net Income From Continuing And Discontinued Operation -2.5M -178,000 4.2M 2.4M -2.6M
Net Income From Continuing Operation Net Minority Interest -2.5M -178,000 4.2M 2.4M -2.6M
Net Income Including Noncontrolling Interests -2.5M -178,000 4.2M 2.4M -2.6M
Net Income Common Stockholders -2.5M -178,000 4.2M 2.4M -2.6M
Net Income -2.5M -178,000 4.2M 2.4M -2.6M
EBITDA -338,000 2.3M 8.3M 5.4M -1.7M
Normalized EBITDA -302,000 2.1M 8.6M 5.3M -595,000
Reconciled Depreciation 2.0M 2.0M 2.0M 2.0M 1.9M
Basic EPS -0.19 -0.01 0.32 0.18 -0.20
Diluted EPS -0.19 -0.01 0.32 0.18 -0.20
Basic Average Shares 13.3M 13.3M 13.3M 13.1M 13.3M
Diluted Average Shares 13.3M 13.3M 13.3M 13.1M 13.3M
Total Unusual Items -36,000 184,000 -294,000 92,000 -1.1M
Total Unusual Items Excluding Goodwill -36,000 184,000 -294,000 92,000 -1.1M
Tax Rate For Calcs 0.20 0.15 0.25 0.11 0.37
Normalized Income -2.4M -334,400 4.4M 2.3M -1.9M
Depreciation Amortization Depletion Income Statement 2.0M 2.0M 2.0M 2.0M 1.9M
Depreciation Income Statement 2.0M 2.0M 2.0M 2.0M 1.9M
Diluted NI Availto Com Stockholders -2.5M -178,000 4.2M 2.4M -2.6M
Gain On Sale Of Ppe 0.00 -- -- 0.00 9,000
Net Income Continuous Operations -2.5M -178,000 4.2M 2.4M -2.6M
Net Non Operating Interest Income Expense -693,000 -625,000 -593,000 -672,000 -510,000
Other Gand A 1.1M 1.1M 1.1M 971,000 1.1M
Other Taxes 825,000 707,000 836,000 829,000 810,000
Reconciled Cost Of Revenue 1.1M 1.5M 1.6M 1.5M 1.0M
Salaries And Wages 9.7M 10.6M 9.8M 10.1M 9.5M
Selling And Marketing Expense 3.2M 3.8M 2.9M 3.4M 2.9M
Total Expenses 23.5M 23.5M 21.5M 22.8M 22.5M
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 14.6M 19.9M 19.8M 21.2M 17.8M
Cash Cash Equivalents And Short Term Investments 14.6M 19.9M 19.8M 21.2M 17.8M
Accounts Receivable 3.5M 2.0M 3.7M 3.3M 3.5M
Receivables 3.5M 2.0M 3.7M 3.3M 3.5M
Inventory 655,000 638,000 650,000 637,000 549,000
Prepaid Assets 2.3M 2.4M 2.3M 1.6M 2.3M
Current Assets 21.0M 24.9M 26.4M 27.2M 24.2M
Gross PPE 225.0M 222.8M 223.6M 222.4M 217.0M
Accumulated Depreciation -130.1M -127.9M -126.7M -124.8M -122.1M
Net PPE 94.9M 94.9M 96.9M 97.7M 94.9M
Other Non Current Assets 1.0M 1.0M 979,000 965,000 905,000
Total Non Current Assets 100.9M 100.7M 102.4M 103.3M 100.0M
Total Assets 121.9M 125.7M 128.8M 130.5M 124.2M
Current Debt 2.1M 2.1M 2.0M 2.0M 2.1M
Current Debt And Capital Lease Obligation 3.2M 3.1M 2.9M 2.8M 2.9M
Accounts Payable -- -- -- 5.0M --
Payables -- -- -- 10.8M --
Payables And Accrued Expenses 13.1M 19.5M 12.8M 15.2M 13.1M
Current Accrued Expenses -- -- -- 4.5M --
Current Deferred Revenue 14.9M 10.0M 10.5M 14.5M 13.9M
Current Liabilities 31.2M 32.6M 26.2M 32.5M 29.9M
Long Term Debt 38.6M 39.1M 38.5M 39.0M 39.4M
Long Term Debt And Capital Lease Obligation 46.2M 46.7M 45.6M 45.7M 46.3M
Long Term Capital Lease Obligation 7.6M 7.6M 7.2M 6.7M 6.9M
Other Non Current Liabilities 1.5M 1.3M 2.5M 2.0M 1.8M
Total Non Current Liabilities Net Minority Interest 49.4M 49.6M 50.0M 49.2M 49.7M
Total Liabilities Net Minority Interest 80.6M 82.2M 76.2M 81.7M 79.6M
Common Stock 63.1M 63.1M 63.1M 63.1M 63.1M
Capital Stock 63.1M 63.1M 63.1M 63.1M 63.1M
Additional Paid In Capital 543,000 543,000 543,000 543,000 543,000
Retained Earnings -26.9M -24.1M -16.8M -20.6M -22.6M
Gains Losses Not Affecting Retained Earnings 4.6M 3.9M 5.8M 5.8M 3.5M
Common Stock Equity 41.3M 43.4M 52.6M 48.8M 44.6M
Stockholders Equity 41.3M 43.4M 52.6M 48.8M 44.6M
Total Equity Gross Minority Interest 41.3M 43.4M 52.6M 48.8M 44.6M
Total Capitalization 79.9M 82.5M 91.0M 87.8M 84.0M
Net Tangible Assets 41.3M 43.4M 52.6M 48.8M 44.6M
Tangible Book Value 41.3M 43.4M 52.6M 48.8M 44.6M
Working Capital -10.2M -7.7M 152,000 -5.3M -5.7M
Invested Capital 82.0M 84.6M 93.1M 89.8M 86.1M
Total Debt 49.4M 49.9M 48.6M 48.5M 49.2M
Net Debt 26.1M 21.3M 20.7M 19.8M 23.7M
Share Issued 13.3M 13.3M 13.3M 13.3M 13.3M
Ordinary Shares Number 13.3M 13.3M 13.3M 13.3M 13.3M
Buildings And Improvements 121.6M 121.1M 122.4M 122.5M 120.3M
Capital Lease Obligations 8.7M 8.7M 8.1M 7.5M 7.7M
Construction In Progress 745,000 426,000 379,000 652,000 2.1M
Current Capital Lease Obligation 1.1M 1.1M 900,000 781,000 789,000
Current Deferred Liabilities 14.9M 10.0M 10.5M 14.5M 13.9M
Derivative Product Liabilities 688,000 647,000 841,000 550,000 611,000
Dividends Payable -- -- -- 400,000 --
Financial Assets -- -- 0.00 0.00 0.00
Finished Goods -- -- -- 637,000 --
Foreign Currency Translation Adjustments 4.6M 3.9M 5.8M 5.8M 3.5M
Income Tax Payable -- -- -- 1.0M --
Land And Improvements 20.1M 19.9M 20.3M 20.3M 19.8M
Leases 593,000 593,000 593,000 594,000 593,000
Machinery Furniture Equipment 41.8M 40.7M 40.4M 40.3M 37.0M
Non Current Deferred Assets 4.9M 4.8M 4.5M 4.6M 4.2M
Non Current Deferred Liabilities 974,000 964,000 952,000 942,000 994,000
Non Current Deferred Taxes Assets 4.9M 4.8M 4.5M 4.6M 4.2M
Non Current Deferred Taxes Liabilities 974,000 964,000 952,000 942,000 994,000
Other Current Borrowings 2.1M 2.1M 2.0M 2.0M 2.1M
Other Payable -- -- -- 3.7M --
Other Properties 40.2M 40.0M 39.5M 38.1M 37.2M
Properties 0.00 0.00 0.00 0.00 0.00
Restricted Cash -- -- -- 500,000 --
Total Tax Payable -- -- -- 1.6M --
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 3.5M 1.2M -336,000 7.4M 4.9M
Cash Flow From Continuing Operating Activities 3.5M 1.2M -336,000 7.4M 4.9M
Depreciation And Amortization 2.0M 2.0M 2.0M 2.0M 1.9M
Depreciation Amortization Depletion 2.0M 2.0M 2.0M 2.0M 1.9M
Deferred Tax -189,000 -204,000 84,000 -419,000 -861,000
Deferred Income Tax -189,000 -204,000 84,000 -419,000 -861,000
Change In Working Capital 3.6M -545,000 -7.4M 3.6M 5.1M
Changes In Account Receivables -1.5M 1.7M -377,000 205,000 -1.2M
Change In Receivables -1.5M 1.7M -377,000 205,000 -1.2M
Change In Inventory -17,000 12,000 -13,000 -88,000 -16,000
Change In Payables And Accrued Expense -17,000 -1.6M -2.4M 2.1M 1.2M
Change In Other Working Capital 4.9M -463,000 -4.0M 654,000 5.5M
Other Non Cash Items 1.1M 784,000 1.4M 840,000 1.2M
Capital Expenditure -1.1M -780,000 -879,000 -2.6M -2.3M
Investing Cash Flow -1.1M -895,000 -943,000 -2.7M -2.4M
Cash Flow From Continuing Investing Activities -1.1M -895,000 -943,000 -2.7M -2.4M
Issuance Of Debt 0.00 1.1M 645,000 0.00 0.00
Repayment Of Debt -773,000 -668,000 -836,000 -690,000 -743,000
Net Issuance Payments Of Debt -773,000 458,000 -191,000 -690,000 -743,000
Common Stock Dividend Paid -7.1M -400,000 -400,000 -400,000 -400,000
Financing Cash Flow -7.8M 58,000 -591,000 -1.1M -1.1M
Cash Flow From Continuing Financing Activities -7.8M 58,000 -591,000 -1.1M -1.1M
Effect Of Exchange Rate Changes 112,000 -296,000 -5,000 304,000 -64,000
Changes In Cash -5.4M 390,000 -1.9M 3.6M 1.4M
Beginning Cash Position 19.9M 19.8M 21.7M 17.8M 16.4M
End Cash Position 14.6M 19.9M 19.8M 21.7M 17.8M
Free Cash Flow 2.5M 447,000 -1.2M 4.8M 2.6M
Capital Expenditure Reported -1.1M -780,000 -879,000 -2.6M -2.3M
Cash Dividends Paid -7.1M -400,000 -400,000 -400,000 -400,000
Change In Prepaid Assets 133,000 -137,000 -620,000 713,000 -433,000
Depreciation 2.0M 2.0M 2.0M 2.0M 1.9M
Gain Loss On Investment Securities -- -- -- -61,000 --
Interest Paid Cfo -764,000 -728,000 -717,000 -800,000 -665,000
Interest Received Cfo 79,000 119,000 136,000 138,000 135,000
Long Term Debt Issuance 0.00 1.1M 645,000 0.00 0.00
Long Term Debt Payments -773,000 -668,000 -836,000 -690,000 -743,000
Net Foreign Currency Exchange Gain Loss 70,000 24,000 8,000 -208,000 16,000
Net Income From Continuing Operations -2.5M -178,000 4.2M 2.4M -2.6M
Net Long Term Debt Issuance -773,000 458,000 -191,000 -690,000 -743,000
Net Other Investing Changes -31,000 -115,000 -64,000 -128,000 -84,000
Operating Gains Losses 208,000 24,000 8,000 -269,000 780,000
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