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Ionik Corporation

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 48.9M 53.5M 41.8M 48.0M 41.4M
Operating Revenue 48.9M 53.5M 41.8M 48.0M 41.4M
Cost Of Revenue 28.2M 32.2M 24.5M 28.9M 25.0M
Gross Profit 20.8M 21.4M 17.4M 19.1M 16.4M
Selling General And Administration 10.2M 10.4M 9.5M 9.2M 8.9M
General And Administrative Expense 5.3M 5.4M 5.3M 4.6M 4.7M
Research And Development 1.8M 1.9M 1.8M 2.0M 2.1M
Depreciation And Amortization In Income Statement 4.7M 4.7M 4.7M 5.9M 3.7M
Operating Expense 16.7M 17.0M 16.1M 17.1M 14.6M
Operating Income 4.1M 4.4M 1.3M 2.0M 1.8M
EBIT 3.9M 4.0M 1.5M -13.9M 1.6M
Interest Expense 4.6M 4.9M 4.5M 4.5M 3.1M
Interest Expense Non Operating 4.6M 4.9M 4.5M 4.5M 3.1M
Net Interest Income -4.6M -4.9M -4.5M -4.5M -3.1M
Other Income Expense -207,000 -420,000 215,000 -16.0M -193,000
Other Non Operating Income Expenses -204,000 -541,000 511,000 -1.6M -14,000
Special Income Charges -26,000 222,000 -162,000 -14.4M -45,000
Restructuring And Mergern Acquisition 26,000 -222,000 162,000 358,000 155,000
Gain On Sale Of Security 23,000 -101,000 -134,000 43,000 -134,000
Pretax Income -727,000 -997,000 -3.1M -18.4M -1.5M
Tax Provision 312,000 1.8M 523,000 -3.0M 1.1M
Tax Effect Of Unusual Items -450.00 18,150 -44,400 -2.3M -26,850
Net Income From Continuing And Discontinued Operation -1.0M -2.8M -3.6M -15.4M -2.6M
Net Income From Continuing Operation Net Minority Interest -1.0M -2.8M -3.6M -15.4M -2.6M
Net Income Including Noncontrolling Interests -1.0M -2.8M -3.6M -15.4M -2.6M
Net Income Common Stockholders -1.0M -2.8M -3.6M -15.4M -2.6M
Net Income -1.0M -2.8M -3.6M -15.4M -2.6M
EBITDA 8.6M 8.7M 6.2M -8.0M 5.3M
Normalized EBITDA 8.6M 8.5M 6.5M 6.4M 5.4M
Reconciled Depreciation 4.6M 4.7M 4.7M 5.9M 3.1M
Basic EPS 0.00 -0.01 -0.01 -- -0.01
Diluted EPS 0.00 -0.01 -0.01 -- -0.01
Basic Average Shares 353.8M 353.4M 352.8M -- 289.9M
Diluted Average Shares 353.8M 353.4M 352.8M -- 289.9M
Total Unusual Items -3,000 121,000 -296,000 -14.4M -179,000
Total Unusual Items Excluding Goodwill -3,000 121,000 -296,000 -14.4M -179,000
Tax Rate For Calcs 0.15 0.15 0.15 0.16 0.15
Normalized Income -1.0M -2.9M -3.3M -3.4M -2.4M
Depreciation Amortization Depletion Income Statement 4.7M 4.7M 4.7M 5.9M 3.7M
Diluted NI Availto Com Stockholders -1.0M -2.8M -3.6M -15.4M -2.6M
Gain On Sale Of Ppe 0.00 0.00 -- -- 110,000
Net Income Continuous Operations -1.0M -2.8M -3.6M -15.4M -2.6M
Net Non Operating Interest Income Expense -4.6M -4.9M -4.5M -4.5M -3.1M
Other Gand A 5.3M 5.4M 5.3M 4.6M 4.7M
Reconciled Cost Of Revenue 28.2M 32.2M 24.5M 28.9M 25.6M
Selling And Marketing Expense 4.9M 4.9M 4.2M 4.5M 4.2M
Total Expenses 44.8M 49.1M 40.6M 45.9M 39.7M
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 6.0M 5.1M 12.7M 14.6M 15.3M
Cash Cash Equivalents And Short Term Investments 6.0M 5.1M 12.7M 14.6M 15.3M
Cash Financial 6.0M 5.1M 12.7M 14.6M 15.3M
Accounts Receivable 36.3M 37.1M 36.0M 38.8M 38.7M
Receivables 36.3M 37.1M 36.0M 38.8M 38.7M
Prepaid Assets 724,000 838,000 1.0M 1.1M 1.0M
Other Current Assets 1.2M 1.3M 1.1M 1.2M 1.3M
Current Assets 45.6M 44.5M 51.0M 55.9M 56.4M
Gross PPE 432,000 715,000 780,000 740,000 883,000
Net PPE 432,000 715,000 780,000 740,000 883,000
Goodwill 51.3M 51.3M 51.3M 51.3M 51.2M
Goodwill And Other Intangible Assets 129.3M 133.8M 138.4M 142.9M 142.6M
Other Intangible Assets 78.0M 82.6M 87.1M 91.7M 91.4M
Other Non Current Assets 643,000 691,000 933,000 979,000 1.3M
Total Non Current Assets 137.1M 141.5M 146.2M 150.3M 148.7M
Total Assets 182.7M 185.9M 197.2M 206.2M 205.1M
Current Debt 75.8M 81.0M 86.7M 21.3M 27.6M
Current Debt And Capital Lease Obligation 76.4M 81.6M 87.2M 21.6M 28.1M
Accounts Payable 35.1M 38.3M 39.2M 43.5M 43.6M
Payables 38.0M 39.5M 40.5M 43.9M 47.3M
Payables And Accrued Expenses 45.1M 47.1M 52.5M 55.4M 51.1M
Current Accrued Expenses 7.1M 7.6M 12.0M 11.5M 3.8M
Current Deferred Revenue 243,000 538,000 1.1M 388,000 390,000
Other Current Liabilities 8.4M 3.8M 3.5M 2.4M 1.9M
Current Liabilities 130.1M 133.0M 144.3M 79.7M 81.5M
Long Term Debt 44.3M 43.1M 41.7M 109.8M 95.7M
Long Term Debt And Capital Lease Obligation 44.8M 43.6M 42.4M 110.8M 96.5M
Long Term Capital Lease Obligation 437,000 517,000 755,000 1.0M 804,000
Other Non Current Liabilities 32.4M 31.3M 30.3M 31.7M 27.0M
Total Non Current Liabilities Net Minority Interest 80.1M 78.9M 76.5M 146.7M 127.1M
Total Liabilities Net Minority Interest 210.2M 211.9M 220.7M 226.4M 208.6M
Common Stock 88.5M 88.4M 88.2M 86.2M 84.5M
Capital Stock 88.5M 88.4M 88.2M 86.2M 84.5M
Additional Paid In Capital 4.2M 4.2M 4.3M 4.2M 4.3M
Retained Earnings -120.4M -118.9M -116.1M -112.5M -94.3M
Gains Losses Not Affecting Retained Earnings 237,000 289,000 65,000 2,000 52,000
Other Equity Adjustments 237,000 289,000 65,000 2,000 52,000
Common Stock Equity -27.5M -26.0M -23.5M -20.2M -3.6M
Stockholders Equity -27.5M -26.0M -23.5M -20.2M -3.6M
Total Equity Gross Minority Interest -27.5M -26.0M -23.5M -20.2M -3.6M
Total Capitalization 16.8M 17.1M 18.1M 89.6M 92.2M
Net Tangible Assets -156.8M -159.8M -161.9M -163.1M -146.1M
Tangible Book Value -156.8M -159.8M -161.9M -163.1M -146.1M
Working Capital -84.5M -88.6M -93.3M -23.8M -25.1M
Invested Capital 92.6M 98.1M 104.8M 111.0M 119.7M
Total Debt 121.1M 125.2M 129.6M 132.4M 124.6M
Net Debt 114.1M 119.0M 115.7M 116.6M 108.0M
Share Issued 356.6M 355.5M 354.0M 323.5M 294.0M
Ordinary Shares Number 356.6M 355.5M 354.0M 323.5M 294.0M
Allowance For Doubtful Accounts Receivable -543,000 -290,000 -930,000 -928,000 -490,000
Assets Held For Sale Current 1.3M 199,000 199,000 215,000 0.00
Capital Lease Obligations 1.0M 1.1M 1.2M 1.2M 1.3M
Current Capital Lease Obligation 572,000 614,000 493,000 223,000 529,000
Current Deferred Liabilities 243,000 538,000 1.1M 388,000 390,000
Derivative Product Liabilities 627,000 890,000 631,000 795,000 1.4M
Gross Accounts Receivable 36.9M 37.4M 36.9M 39.8M 39.2M
Machinery Furniture Equipment -- -- -- -- 487,000
Non Current Deferred Assets 6.8M 6.2M 6.1M 5.6M 3.9M
Non Current Deferred Liabilities 2.3M 3.1M 3.2M 3.4M 2.2M
Non Current Deferred Revenue -- -- -- 0.00 0.00
Non Current Deferred Taxes Assets 6.8M 6.2M 6.1M 5.6M 3.9M
Non Current Deferred Taxes Liabilities 2.3M 3.1M 3.2M 3.4M 2.2M
Other Current Borrowings 75.8M 81.0M 86.7M 21.3M 27.6M
Other Equity Interest -- -- -- 1.9M 1.9M
Other Properties 432,000 715,000 780,000 740,000 396,000
Total Tax Payable 2.9M 1.2M 1.4M 427,000 3.7M
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 14.1M 366,000 4.3M 8.5M 1.1M
Cash Flow From Continuing Operating Activities 14.2M 291,000 4.3M 8.5M 1.1M
Depreciation And Amortization 4.6M 4.7M 4.7M 5.9M 3.1M
Depreciation Amortization Depletion 4.6M 4.7M 4.7M 5.9M 3.1M
Stock Based Compensation 106,000 130,000 163,000 30,000 202,000
Deferred Tax -1.3M -171,000 -694,000 -2.8M 103,000
Deferred Income Tax -1.3M -171,000 -694,000 -2.8M 103,000
Change In Working Capital 6.6M -7.1M -408,000 923,000 -3.3M
Changes In Account Receivables -2.3M -1.3M 3.1M 8.9M 2.0M
Change In Receivables -2.3M -1.3M 3.1M 8.9M 2.0M
Change In Payables And Accrued Expense 8.9M -5.5M -4.5M -9.2M -6.1M
Change In Payable 8.9M -5.5M -4.5M -9.2M -6.1M
Change In Other Working Capital -111,000 -535,000 685,000 -2,000 -106,000
Change In Other Current Assets 120,000 23,000 144,000 1.4M 795,000
Other Non Cash Items 4.5M 5.0M 4.6M 4.9M 2.8M
Capital Expenditure -74,000 -91,000 -89,000 -87,000 -76,000
Purchase Of PPE -4,000 -16,000 -13,000 -12,000 -6,000
Net PPE Purchase And Sale -4,000 -16,000 -13,000 -12,000 -6,000
Purchase Of Business 0.00 -- -- -6.9M -13.1M
Sale Of Business 0.00 -- -- 0.00 83,000
Investing Cash Flow -74,000 -91,000 -89,000 -7.0M -13.1M
Cash Flow From Continuing Investing Activities -74,000 -91,000 -89,000 -7.0M -13.1M
Issuance Of Debt 2.6M 5.4M 17.0M 13.0M 28.0M
Repayment Of Debt -8.0M -11.4M -21.1M -12.0M -6.5M
Net Issuance Payments Of Debt -5.4M -6.0M -4.1M 1.0M 21.5M
Financing Cash Flow -7.0M -8.0M -6.2M -1.0M 19.6M
Cash Flow From Continuing Financing Activities -7.0M -8.0M -6.2M -1.0M 19.6M
Effect Of Exchange Rate Changes -31,000 237,000 83,000 -82,000 8,000
Changes In Cash 976,000 -7.8M -2.0M -679,000 8.5M
Beginning Cash Position 5.1M 12.7M 14.6M 15.3M 6.8M
End Cash Position 6.0M 5.1M 12.7M 14.6M 15.3M
Free Cash Flow 14.1M 275,000 4.2M 8.4M 1.0M
Income Tax Paid Supplemental Data 87,000 1.9M 144,000 -- 2.3M
Cash Dividends Paid 0.00 0.00 0.00 0.00 0.00
Cash Flow From Discontinued Operation -6.0M -64,000 35,000 -1.2M 910,000
Change In Account Payable 7.3M -5.3M -5.4M -6.0M -6.7M
Change In Income Tax Payable 1.6M -162,000 930,000 -3.3M 658,000
Change In Prepaid Assets -13,000 195,000 128,000 -60,000 20,000
Change In Tax Payable 1.6M -162,000 930,000 -3.3M 658,000
Interest Paid Cff -1.7M -2.0M -2.2M -2.0M -1.9M
Long Term Debt Issuance 2.6M -- -- 24.5M 28.0M
Long Term Debt Payments -8.0M -11.4M -21.1M -12.0M -6.5M
Net Business Purchase And Sale 0.00 -- -- -6.9M -13.0M
Net Foreign Currency Exchange Gain Loss 132,000 -61,000 -18,000 -7,000 1,000
Net Income From Continuing Operations -650,000 -2.8M -3.6M -15.4M -1.7M
Net Intangibles Purchase And Sale -70,000 -75,000 -76,000 -75,000 -70,000
Net Long Term Debt Issuance -5.4M 11.0M -21.1M 12.5M 21.5M
Net Short Term Debt Issuance -- -- 17.0M -- --
Operating Gains Losses 132,000 -61,000 -18,000 -7,000 -109,000
Purchase Of Intangibles -70,000 -75,000 -76,000 -75,000 -70,000
Short Term Debt Issuance -- -- 17.0M -- --
Unrealized Gain Loss On Investment Securities 207,000 594,000 -478,000 1.7M 58,000
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