International Petroleum Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Dec 31, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 194.3M | 180.5M | 202.1M | 224.7M | 202.0M | -- |
| Operating Revenue | 194.3M | 180.5M | 202.1M | 224.7M | 202.0M | -- |
| Cost Of Revenue | 166.1M | 156.8M | 158.0M | 181.9M | 162.5M | -- |
| Gross Profit | 28.2M | 23.7M | 44.1M | 42.8M | 39.5M | -- |
| Selling General And Administration | 3.8M | 4.0M | 4.7M | 3.9M | 4.2M | -- |
| General And Administrative Expense | 3.8M | 4.0M | 4.7M | 3.9M | 4.2M | -- |
| Other Operating Expenses | 4.2M | 4.1M | 4.0M | 3.6M | 3.7M | -- |
| Operating Expense | 8.0M | 8.2M | 8.6M | 7.5M | 7.9M | -- |
| Operating Income | 20.3M | 15.5M | 35.5M | 35.3M | 31.6M | -- |
| EBIT | 12.7M | 29.0M | 29.7M | 13.3M | 40.3M | -- |
| Interest Expense | 14.2M | 9.0M | 8.8M | 9.0M | 9.1M | -- |
| Interest Expense Non Operating | 14.2M | 9.0M | 8.8M | 9.0M | 9.1M | -- |
| Interest Income | 331,000 | 694,000 | 1.6M | 3.1M | 4.1M | -- |
| Interest Income Non Operating | 331,000 | 694,000 | 1.6M | 3.1M | 4.1M | -- |
| Net Interest Income | -27.0M | -9.3M | -8.1M | -7.0M | -5.8M | -- |
| Other Non Operating Income Expenses | 137,000 | 238,000 | 285,000 | -- | -- | -- |
| Special Income Charges | -- | -- | -- | -- | 0.00 | -- |
| Pretax Income | -1.4M | 20.0M | 20.9M | 4.3M | 31.1M | -- |
| Tax Provision | 3.5M | 6.2M | 4.7M | 3.9M | 8.3M | -- |
| Tax Effect Of Unusual Items | -148,500 | -203,338 | -1.5M | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -4.9M | 13.8M | 16.2M | 414,000 | 22.9M | -- |
| Net Income From Continuing Operation Net Minority Interest | -4.9M | 13.8M | 16.2M | 414,000 | 22.9M | -- |
| Net Income Including Noncontrolling Interests | -4.9M | 13.8M | 16.2M | 415,000 | 22.9M | -- |
| Minority Interests | 1,000 | -2,000 | -2,000 | -1,000 | -1,000 | -- |
| Net Income Common Stockholders | -4.9M | 13.8M | 16.2M | 414,000 | 22.9M | -- |
| Net Income | -4.9M | 13.8M | 16.2M | 414,000 | 22.9M | -- |
| EBITDA | 46.0M | 60.1M | 60.9M | 48.1M | 73.1M | -- |
| Normalized EBITDA | 47.0M | 60.8M | 67.8M | 48.1M | 73.1M | -- |
| Reconciled Depreciation | 33.3M | 31.1M | 31.2M | 34.8M | 32.9M | -- |
| Basic EPS | -0.04 | 0.12 | 0.14 | -- | 0.19 | 0.36 |
| Diluted EPS | -0.04 | 0.12 | 0.13 | -- | 0.18 | 0.36 |
| Basic Average Shares | 112.2M | 115.2M | 119.1M | -- | 123.2M | 125.4M |
| Diluted Average Shares | 112.2M | 116.6M | 120.3M | -- | 125.2M | 127.0M |
| Total Unusual Items | -990,000 | -660,000 | -6.9M | -- | 0.00 | 0.00 |
| Total Unusual Items Excluding Goodwill | -990,000 | -660,000 | -6.9M | -- | 0.00 | 0.00 |
| Tax Rate For Calcs | 0.15 | 0.31 | 0.22 | 0.15 | 0.27 | -- |
| Normalized Income | -4.1M | 14.3M | 21.6M | 414,000 | 22.9M | -- |
| Diluted NI Availto Com Stockholders | -4.9M | 13.8M | 16.2M | 414,000 | 22.9M | -- |
| Net Income Continuous Operations | -4.9M | 13.8M | 16.2M | 415,000 | 22.9M | -- |
| Net Non Operating Interest Income Expense | -27.0M | -9.3M | -8.1M | -7.0M | -5.8M | -- |
| Otherunder Preferred Stock Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Reconciled Cost Of Revenue | 166.1M | 156.8M | 158.0M | 181.9M | 162.5M | -- |
| Total Expenses | 174.0M | 165.0M | 166.6M | 189.4M | 170.4M | -- |
| Total Other Finance Cost | 13.2M | 995,000 | 931,000 | 1.0M | 797,000 | -- |
| Line Item | Q4 2025Dec 31, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 7.0M | 78.9M | 140.2M | 246.6M | 299.2M | -- |
| Cash Cash Equivalents And Short Term Investments | 7.0M | 78.9M | 140.2M | 246.6M | 299.2M | -- |
| Cash Financial | 7.0M | 78.9M | 140.2M | 246.6M | 299.2M | -- |
| Accounts Receivable | 73.2M | 75.7M | 80.8M | 94.3M | 74.8M | -- |
| Inventory | 20.0M | 26.9M | 25.0M | 20.1M | 24.4M | -- |
| Current Assets | 130.3M | 242.9M | 273.6M | 398.8M | 456.3M | -- |
| Gross PPE | 3.5B | 3.3B | 3.1B | 3.0B | 3.0B | -- |
| Accumulated Depreciation | -1.7B | -1.6B | -1.5B | -1.5B | -1.5B | -- |
| Net PPE | 1.8B | 1.7B | 1.6B | 1.5B | 1.5B | -- |
| Goodwill And Other Intangible Assets | 11.7M | 14.8M | 13.9M | 13.9M | 15.1M | -- |
| Total Non Current Assets | 1.8B | 1.8B | 1.6B | 1.6B | 1.6B | -- |
| Total Assets | 2.0B | 2.0B | 1.9B | 2.0B | 2.0B | -- |
| Current Debt | 1.9M | 3.9M | 3.5M | 3.4M | 3.7M | -- |
| Current Debt And Capital Lease Obligation | 2.9M | 4.7M | 4.3M | 4.0M | 4.2M | -- |
| Accounts Payable | 39.4M | 37.3M | 37.3M | 42.6M | 18.2M | -- |
| Payables | 55.5M | 75.2M | 47.8M | 58.2M | 34.1M | -- |
| Current Liabilities | 160.2M | 206.5M | 189.9M | 208.1M | 156.3M | -- |
| Long Term Debt | 481.0M | 442.3M | 442.0M | 441.6M | 441.4M | -- |
| Long Term Debt And Capital Lease Obligation | 484.0M | 445.4M | 444.3M | 444.3M | 444.3M | -- |
| Long Term Capital Lease Obligation | 3.0M | 3.1M | 2.4M | 2.7M | 2.9M | -- |
| Total Non Current Liabilities Net Minority Interest | 890.2M | 854.8M | 817.4M | 806.1M | 806.9M | -- |
| Total Liabilities Net Minority Interest | 1.1B | 1.1B | 1.0B | 1.0B | 963.2M | -- |
| Common Stock | 40.9M | 62.5M | 88.0M | 141.2M | 125.7M | -- |
| Capital Stock | 40.9M | 62.5M | 88.0M | 141.2M | 125.7M | -- |
| Retained Earnings | 896.7M | 897.8M | 884.0M | 876.0M | 910.6M | -- |
| Common Stock Equity | 927.0M | 962.5M | 893.6M | 939.3M | 1.0B | -- |
| Stockholders Equity | 927.0M | 962.5M | 893.6M | 939.3M | 1.0B | -- |
| Total Equity Gross Minority Interest | 927.2M | 962.6M | 893.8M | 939.5M | 1.0B | -- |
| Minority Interest | 148,000 | 148,000 | 160,000 | 155,000 | 158,000 | -- |
| Total Capitalization | 1.4B | 1.4B | 1.3B | 1.4B | 1.5B | -- |
| Net Tangible Assets | 915.4M | 947.7M | 879.8M | 925.4M | 1.0B | -- |
| Tangible Book Value | 915.4M | 947.7M | 879.8M | 925.4M | 1.0B | -- |
| Working Capital | -29.9M | 36.4M | 83.7M | 190.8M | 299.9M | -- |
| Invested Capital | 1.4B | 1.4B | 1.3B | 1.4B | 1.5B | -- |
| Total Debt | 486.9M | 450.1M | 448.6M | 448.3M | 448.6M | -- |
| Net Debt | 475.9M | 367.2M | 305.3M | 198.4M | 145.9M | -- |
| Share Issued | 112.2M | 113.4M | 115.2M | 119.2M | 120.8M | -- |
| Ordinary Shares Number | 112.2M | 113.4M | 115.2M | 119.1M | 120.7M | -- |
| Capital Lease Obligations | 3.9M | 4.0M | 3.1M | 3.3M | 3.5M | -- |
| Current Capital Lease Obligation | 930,000 | 882,000 | 761,000 | 573,000 | 587,000 | -- |
| Current Provisions | 7.0M | 6.0M | 6.9M | 6.7M | 8.3M | -- |
| Defined Pension Benefit | -- | -- | -- | -- | -- | 40.9M |
| Derivative Product Liabilities | 0.00 | 0.00 | 1.5M | 562,000 | 1.4M | -- |
| Financial Assets | 1.3M | 1.0M | -- | 0.00 | 831,000 | 502,000 |
| Hedging Assets Current | 1.6M | 23.0M | 377,000 | 3.2M | 19.6M | -- |
| Investment Properties | 11.6M | 4.0M | 2.3M | 480,000 | 1.4M | -- |
| Investmentin Financial Assets | 34.5M | 37.3M | 34.8M | 34.8M | 37.4M | -- |
| Long Term Provisions | 284.2M | 290.2M | 272.6M | 268.5M | 257.5M | -- |
| Machinery Furniture Equipment | 204.9M | 204.9M | 204.9M | 204.9M | 204.9M | -- |
| Non Current Deferred Taxes Assets | 1.6M | 1.1M | 889,000 | 1.7M | 1.3M | -- |
| Non Current Deferred Taxes Liabilities | 122.0M | 119.2M | 98.8M | 92.8M | 103.6M | -- |
| Other Equity Interest | 19.5M | 14.6M | 11.6M | 18.1M | 17.1M | -- |
| Other Payable | 15.9M | 37.3M | 10.2M | 14.4M | 13.8M | -- |
| Other Properties | 14.3M | 14.5M | 12.9M | 2.8B | 13.5M | -- |
| Other Receivables | 24.0M | 36.0M | 24.6M | 33.2M | 37.4M | -- |
| Properties | 3.2B | 3.1B | 2.9B | -- | 2.8B | 2.6B |
| Raw Materials | 20.0M | 26.9M | 25.0M | 20.1M | 24.4M | -- |
| Taxes Receivable | 4.4M | 2.3M | 2.6M | 1.5M | 823,000 | -- |
| Total Tax Payable | 216,000 | 497,000 | 402,000 | 1.1M | 2.2M | -- |
| Treasury Shares Number | -- | 0.00 | 0.00 | 110,156 | 30,000 | 0.00 |
| Line Item | Q4 2025Dec 31, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 30.9M | 73.0M | 46.6M | 87.1M | 66.1M | -- |
| Depreciation And Amortization | 33.3M | 31.1M | 31.2M | 34.8M | 32.9M | -- |
| Stock Based Compensation | 2.4M | 2.4M | 2.3M | 2.1M | 2.3M | -- |
| Deferred Tax | 3.5M | 6.2M | 4.7M | 3.9M | 8.3M | -- |
| Change In Working Capital | -7.2M | 20.6M | -2.3M | 9.7M | 14.2M | -- |
| Other Non Cash Items | 19.1M | 14.7M | 11.8M | 10.4M | 9.5M | -- |
| Capital Expenditure | -68.9M | -98.1M | -98.9M | -126.4M | -99.2M | -- |
| Purchase Of PPE | -68.9M | -98.1M | -98.9M | -126.4M | -99.2M | -- |
| Net PPE Purchase And Sale | -68.9M | -98.1M | -98.9M | -126.2M | -99.2M | -- |
| Purchase Of Business | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -68.9M | -98.1M | -98.9M | -126.2M | -99.2M | -- |
| Issuance Of Debt | 462.1M | -- | -- | 0.00 | 0.00 | -- |
| Repayment Of Debt | -451.2M | -497,000 | -672,000 | -1.3M | -586,000 | -- |
| Net Issuance Payments Of Debt | 10.9M | -497,000 | -672,000 | -1.3M | -586,000 | -- |
| Repurchase Of Capital Stock | 0.00 | -25.5M | -53.2M | -21.2M | -35.2M | -- |
| Net Common Stock Issuance | 0.00 | -25.5M | -53.2M | -21.2M | -35.2M | -- |
| Common Stock Dividend Paid | 0.00 | -16,000 | -- | -- | -- | 0.00 |
| Common Stock Payments | 0.00 | -25.5M | -53.2M | -21.2M | -35.2M | -- |
| Financing Cash Flow | 2.5M | -27.0M | -54.1M | -22.9M | -36.0M | -- |
| Effect Of Exchange Rate Changes | -2.1M | -9.2M | 3,000 | 9.3M | -462,000 | -- |
| Changes In Cash | -35.5M | -52.1M | -106.4M | -61.9M | -69.1M | -- |
| Beginning Cash Position | 44.7M | 140.2M | 246.6M | 299.2M | 368.8M | -- |
| End Cash Position | 7.0M | 78.9M | 140.2M | 246.6M | 299.2M | -- |
| Free Cash Flow | -38.0M | -25.1M | -52.3M | -39.2M | -33.1M | -- |
| Cash Dividends Paid | 0.00 | -16,000 | -- | -- | -- | -- |
| Depreciation | 33.3M | 31.1M | 31.2M | 34.8M | 32.9M | -- |
| Gain Loss On Sale Of PPE | -- | -- | -- | -400,000 | 0.00 | -- |
| Interest Paid Cfo | -8.0M | -55,000 | -16.4M | -49,000 | -16.4M | -- |
| Interest Received Cfo | 176,000 | 492,000 | 2.1M | 6.7M | 3.7M | -- |
| Long Term Debt Issuance | 462.1M | -- | -- | 0.00 | 0.00 | -- |
| Long Term Debt Payments | -451.2M | -497,000 | -672,000 | -1.3M | -586,000 | -- |
| Net Business Purchase And Sale | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -6.2M | -14.2M | -18,000 | 25.2M | -5.4M | -- |
| Net Income From Continuing Operations | -4.9M | 13.8M | 16.2M | 415,000 | 22.9M | -- |
| Net Long Term Debt Issuance | 10.9M | -497,000 | -672,000 | -1.3M | -586,000 | -- |
| Net Other Financing Charges | -- | -246,000 | -218,000 | -275,000 | -217,000 | -249,000 |
| Sale Of PPE | -- | -- | -- | 221,000 | 0.00 | -- |
| Taxes Refund Paid | 29,000 | 46,000 | -2.1M | -3.4M | -3.2M | -- |