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Canada Rare Earth Corp.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Jun 30, 2025 FY 2024Jun 30, 2024 FY 2023Mar 31, 2023 FY 2022Mar 31, 2022 FY 2021Mar 31, 2021
Total Revenue 1.8M -- 5.4M 410,297 1.3M
Operating Revenue 1.8M -- 5.4M 410,297 1.3M
Cost Of Revenue 1.5M -- 4.1M 368,222 1.0M
Gross Profit 278,928 -- 1.3M 42,075 252,594
Selling General And Administration 845,053 -- 887,537 809,570 885,723
General And Administrative Expense 845,053 -- 887,537 809,570 885,723
Depreciation And Amortization In Income Statement 73,007 -- 70,074 56,310 38,703
Other Operating Expenses 537,666 -- 276,372 226,170 191,856
Operating Expense 1.8M -- 1.2M 1.1M 1.1M
Operating Income -1.5M -- 62,408 -1.0M -863,688
EBIT -2.4M -- 274,507 -1.0M -863,688
Interest Expense 115,375 -- 103,240 30,679 2,311
Interest Expense Non Operating 115,375 -- 103,240 30,679 2,311
Net Interest Income -115,375 -- -103,240 -30,679 -2,311
Other Income Expense -905,762 -- 212,099 20,700 195,690
Other Non Operating Income Expenses 63,978 -- 188,026 50,818 79,046
Special Income Charges -973,368 -- -1,570 -46,015 -12,093
Write Off 973,368 -- 0.00 30,679 2,311
Gain On Sale Of Security 8,505 -- 47,547 20,413 131,691
Earnings From Equity Interest -4,877 -- -21,904 -4,516 -2,954
Pretax Income -2.5M -- 171,267 -1.0M -667,998
Tax Effect Of Unusual Items 0.00 -- 18,391 0.00 0.00
Net Income From Continuing And Discontinued Operation -2.5M -- 171,267 -1.0M -667,998
Net Income From Continuing Operation Net Minority Interest -2.5M -- 171,267 -1.0M -667,998
Net Income Including Noncontrolling Interests -2.5M -- 171,267 -1.0M -667,998
Net Income Common Stockholders -2.5M -- 171,267 -1.0M -667,998
Net Income -2.5M -- 171,267 -1.0M -667,998
EBITDA -2.3M -- 370,905 -978,109 -805,089
Normalized EBITDA -1.4M -- 324,928 -952,507 -924,687
Reconciled Depreciation 77,448 -- 96,398 71,866 58,599
Basic EPS -0.01 -- 0.00 -0.01 -0.00
Diluted EPS -0.01 -- 0.00 -0.01 -0.00
Basic Average Shares 211.6M -- 209.7M 204.2M 200.1M
Diluted Average Shares 211.6M -- 209.7M 204.2M 200.1M
Total Unusual Items -964,863 -- 45,977 -25,602 119,598
Total Unusual Items Excluding Goodwill -964,863 -- 45,977 -25,602 119,598
Tax Rate For Calcs 0.00 -- 0.40 0.00 0.00
Normalized Income -1.6M -- 143,681 -1.0M -787,596
Depreciation Amortization Depletion Income Statement 73,007 -- 70,074 56,310 38,703
Depreciation Income Statement 73,007 -- 70,074 56,310 38,703
Diluted NI Availto Com Stockholders -2.5M -- 171,267 -1.0M -667,998
Gain On Sale Of Business -- -- -1,570 0.00 --
Impairment Of Capital Assets 0.00 -- 0.00 15,336 9,782
Net Income Continuous Operations -2.5M -- 171,267 -1.0M -667,998
Net Non Operating Interest Income Expense -115,375 -- -103,240 -30,679 -2,311
Other Gand A 807,167 -- 625,537 484,570 586,975
Provision For Doubtful Accounts 321,927 -- -- -- --
Reconciled Cost Of Revenue 1.5M -- 4.1M 352,666 1.0M
Salaries And Wages 37,886 -- 262,000 325,000 298,748
Total Expenses 3.3M -- 5.3M 1.5M 2.1M
Line Item FY 2025Jun 30, 2025 FY 2024Jun 30, 2024 FY 2023Mar 31, 2023 FY 2022Mar 31, 2022 FY 2021Mar 31, 2021
Cash And Cash Equivalents 372,714 489,591 220,630 76,982 --
Cash Cash Equivalents And Short Term Investments 372,714 489,591 220,630 76,982 --
Cash Financial 372,714 489,591 220,630 76,982 --
Accounts Receivable 321,927 386,450 565,159 324,742 --
Receivables 33,273 408,934 574,164 328,200 --
Prepaid Assets 20,062 1.3M 464,796 73,301 --
Current Assets 426,049 2.2M 1.3M 478,483 --
Gross PPE 408,490 217,359 311,226 327,969 --
Accumulated Depreciation -288,852 -24,714 -13,094 -7,074 --
Net PPE 119,638 192,645 298,132 320,895 --
Goodwill And Other Intangible Assets 0.00 4,441 37,776 64,445 --
Other Intangible Assets -- 4,441 37,776 64,445 1.00
Investments And Advances 0.00 910,068 679,297 331,701 --
Long Term Equity Investment 0.00 910,068 679,297 331,701 --
Other Non Current Assets -- -- 2.00 -- --
Total Non Current Assets 119,638 1.1M 1.0M 717,042 --
Total Assets 545,687 3.3M 2.3M 1.2M --
Current Debt 704,679 333,059 991,461 535,684 --
Current Debt And Capital Lease Obligation 783,932 404,445 1.0M 585,119 --
Accounts Payable 529,227 567,183 154,106 -- --
Payables 2.3M 1.0M 1.1M -- --
Payables And Accrued Expenses 2.3M 1.0M 1.1M 793,229 --
Current Deferred Revenue 0.00 1.8M 0.00 -- --
Current Liabilities 3.1M 3.2M 2.1M 1.4M --
Long Term Debt 967,918 560,430 -- -- --
Long Term Debt And Capital Lease Obligation 967,918 639,682 166,368 224,351 --
Long Term Capital Lease Obligation 0.00 79,252 166,368 224,351 --
Other Non Current Liabilities -- -- 436,355 125,000 125,000
Total Non Current Liabilities Net Minority Interest 1.3M 1.5M 166,368 349,351 --
Total Liabilities Net Minority Interest 4.4M 4.7M 2.3M 1.7M --
Common Stock 17.6M 17.6M 17.6M 17.5M --
Capital Stock 17.6M 17.6M 17.6M 17.5M --
Retained Earnings -30.7M -28.2M -26.6M -26.8M --
Gains Losses Not Affecting Retained Earnings 9.2M 9.1M 9.0M 8.8M --
Common Stock Equity -3.9M -1.4M 6,130 -532,174 --
Stockholders Equity -3.9M -1.4M 6,130 -532,174 --
Total Equity Gross Minority Interest -3.9M -1.4M 6,130 -532,174 --
Total Capitalization -2.9M -860,298 6,130 -532,174 --
Net Tangible Assets -3.9M -1.4M -31,646 -596,619 --
Tangible Book Value -3.9M -1.4M -31,646 -596,619 --
Working Capital -2.7M -1.0M -842,709 -899,865 --
Invested Capital -2.2M -527,239 997,591 3,510 --
Total Debt 1.8M 1.0M 1.2M 809,470 --
Net Debt 1.3M 403,898 770,831 458,702 --
Share Issued 211.6M 211.6M 209.9M 208.1M --
Ordinary Shares Number 211.6M 211.6M 209.9M 208.1M --
Buildings And Improvements 318,552 127,421 207,059 270,769 --
Capital Lease Obligations 79,253 150,638 224,351 273,786 --
Current Capital Lease Obligation 79,253 71,386 57,983 49,435 --
Current Deferred Liabilities 0.00 1.8M 0.00 -- --
Dueto Related Parties Current 1.8M 452,101 898,749 -- --
Dueto Related Parties Non Current 351,710 879,710 0.00 -- --
Investmentsin Associatesat Cost 0.00 910,068 679,297 331,701 --
Machinery Furniture Equipment 89,938 89,938 104,167 57,200 --
Non Current Note Receivables -- -- 1.00 1.00 1.00
Other Current Borrowings 704,679 333,059 991,461 535,684 --
Other Properties -- -- -- 54,206 69,542
Other Receivables -- -- -- -- 5,365
Receivables Adjustments Allowances -321,927 -- -- -- --
Taxes Receivable 33,273 22,484 9,005 3,458 --
Tradeand Other Payables Non Current 0.00 0.00 0.00 -- --
Line Item FY 2025Jun 30, 2025 FY 2024Jun 30, 2024 FY 2023Mar 31, 2023 FY 2022Mar 31, 2022 FY 2021Mar 31, 2021
Operating Cash Flow -804,310 -- 149,588 -321,945 -74,005
Cash Flow From Continuing Operating Activities -804,310 -- 149,588 -321,945 -74,005
Depreciation And Amortization 77,448 -- 96,398 71,866 58,599
Depreciation Amortization Depletion 77,448 -- 96,398 71,866 58,599
Stock Based Compensation 37,886 -- 262,000 325,000 298,748
Change In Working Capital 198,146 -- -529,011 259,933 376,173
Changes In Account Receivables -- -- -240,417 -324,742 68,183
Change In Receivables -17,649 -- -245,964 -322,835 192,405
Change In Inventory 0.00 -- 0.00 -- --
Change In Payables And Accrued Expense 719,143 -- 108,448 351,235 298,631
Change In Other Working Capital -1.8M -- -15,014 -7,807 10,266
Other Non Cash Items 111,801 -- 103,240 30,679 -17,263
Capital Expenditure -- -- -46,967 -2,994 -79,324
Purchase Of PPE -- -- -46,967 -2,994 -79,324
Net PPE Purchase And Sale -- -- -46,967 -2,994 -79,324
Investing Cash Flow -4,839 -- -416,467 -169,881 -79,324
Cash Flow From Continuing Investing Activities -4,839 -- -416,467 -169,881 -79,324
Issuance Of Debt 1.1M -- 1.6M 531,461 0.00
Repayment Of Debt -426,006 -- -1.3M -62,053 -36,838
Net Issuance Payments Of Debt 703,143 -- 305,490 469,408 -36,838
Issuance Of Capital Stock -- -- 102,537 0.00 30,000
Net Common Stock Issuance -- -- 102,537 0.00 30,000
Financing Cash Flow 692,272 -- 410,527 528,658 -6,838
Cash Flow From Continuing Financing Activities 692,272 -- 410,527 528,658 -6,838
Effect Of Exchange Rate Changes -- -- 38,804 6,313 -10,266
Changes In Cash -116,877 -- 143,648 36,832 -160,167
Beginning Cash Position 489,591 -- 76,982 33,837 204,270
End Cash Position 372,714 -- 220,630 76,982 33,837
Free Cash Flow -804,310 -- 102,621 -324,939 -153,329
Income Tax Paid Supplemental Data 0.00 -- 0.00 -- --
Interest Paid Supplemental Data 10,871 -- 0.00 -- --
Amortization Cash Flow 4,441 -- 26,668 15,556 19,896
Amortization Of Intangibles 4,441 -- 26,668 15,556 19,896
Asset Impairment Charge 973,368 -- 0.00 15,336 9,782
Cash Dividends Paid 0.00 -- 0.00 -- --
Change In Prepaid Assets 1.3M -- -391,495 239,340 -125,129
Common Stock Issuance -- -- 102,537 0.00 30,000
Depreciation 73,007 -- 69,730 56,310 38,703
Earnings Losses From Equity Investments 4,877 -- 21,904 4,516 2,954
Gain Loss On Investment Securities -- -- -- -- -135,000
Gain Loss On Sale Of Business -- -- 21,904 4,516 2,954
Interest Paid Cff -10,871 -- 0.00 -- --
Long Term Debt Issuance 901,291 -- 1.6M 531,461 --
Long Term Debt Payments -426,006 -- -1.3M -62,053 -36,838
Net Business Purchase And Sale -4,839 -- -369,500 -166,887 0.00
Net Foreign Currency Exchange Gain Loss -9,901 -- 23,790 -- --
Net Income From Continuing Operations -2.5M -- 171,267 -1.0M -667,998
Net Long Term Debt Issuance 475,285 -- 305,490 469,408 -36,838
Net Other Financing Charges -- -- -1,333 -- --
Net Short Term Debt Issuance 227,858 -- 0.00 529,557 0.00
Operating Gains Losses -5,024 -- 45,694 4,516 -132,046
Proceeds From Stock Option Exercised -- -- 2,500 59,250 --
Provisionand Write Offof Assets 321,927 -- -- -- --
Short Term Debt Issuance 227,858 -- 0.00 531,461 0.00
Short Term Debt Payments 0.00 -- 0.00 -1,904 0.00
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