Madison Pacific Properties Inc.
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 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 11.5M | 11.0M | 11.5M | 11.4M | 11.6M |
| Operating Revenue | 11.5M | 11.0M | 11.5M | 11.4M | 11.6M |
| Cost Of Revenue | 3.5M | 3.2M | 3.7M | 2.9M | 3.7M |
| Gross Profit | 8.0M | 7.9M | 7.8M | 8.4M | 7.9M |
| Selling General And Administration | 1.1M | 1.4M | 1.2M | 1.3M | 1.3M |
| General And Administrative Expense | 1.1M | 1.4M | 1.2M | 1.3M | 1.3M |
| Operating Expense | 1.1M | 1.4M | 1.2M | 1.3M | 1.3M |
| Operating Income | 6.9M | 6.5M | 6.5M | 7.2M | 6.6M |
| EBIT | 2.9M | 22.6M | 11.4M | 4.1M | 3.9M |
| Interest Expense | 4.1M | 4.0M | 3.7M | 3.2M | 4.4M |
| Interest Expense Non Operating | 4.1M | 4.0M | 3.7M | 3.2M | 4.4M |
| Interest Income | 159,000 | 241,000 | 248,000 | 401,000 | 469,000 |
| Interest Income Non Operating | 159,000 | 241,000 | 248,000 | 401,000 | 469,000 |
| Net Interest Income | -3.9M | -3.7M | -3.4M | -2.8M | -3.9M |
| Other Income Expense | -4.2M | 15.9M | 4.6M | -3.4M | -3.2M |
| Gain On Sale Of Security | -3.7M | 16.8M | 4.5M | -3.4M | -3.3M |
| Earnings From Equity Interest | -461,000 | -916,000 | 138,000 | 5,000 | 64,000 |
| Pretax Income | -1.2M | 18.7M | 7.7M | 971,000 | -475,000 |
| Tax Provision | 319,000 | 2.5M | 1.5M | 951,000 | 325,000 |
| Tax Effect Of Unusual Items | -562,050 | 2.2M | 874,748 | -513,300 | -488,400 |
| Net Income From Continuing And Discontinued Operation | -1.6M | 12.0M | 5.8M | -42,000 | -908,000 |
| Net Income From Continuing Operation Net Minority Interest | -1.6M | 12.0M | 5.8M | -42,000 | -908,000 |
| Net Income Including Noncontrolling Interests | -1.5M | 16.2M | 6.2M | 20,000 | -800,000 |
| Minority Interests | -137,000 | -4.2M | -370,000 | -62,000 | -108,000 |
| Net Income Common Stockholders | -1.6M | 12.0M | 5.8M | -42,000 | -908,000 |
| Net Income | -1.6M | 12.0M | 5.8M | -42,000 | -908,000 |
| EBITDA | 3.4M | 23.3M | 11.7M | 4.5M | 4.3M |
| Normalized EBITDA | 7.2M | 6.5M | 7.3M | 7.9M | 7.5M |
| Reconciled Depreciation | 527,000 | 671,000 | 358,000 | 322,000 | 358,000 |
| Basic EPS | -0.03 | 0.20 | 0.10 | -- | -0.02 |
| Diluted EPS | -0.03 | 0.20 | 0.10 | -- | -0.02 |
| Basic Average Shares | 59.5M | 59.5M | 59.5M | -- | 59.5M |
| Diluted Average Shares | 59.5M | 59.5M | 59.5M | -- | 59.5M |
| Total Unusual Items | -3.7M | 16.8M | 4.5M | -3.4M | -3.3M |
| Total Unusual Items Excluding Goodwill | -3.7M | 16.8M | 4.5M | -3.4M | -3.3M |
| Tax Rate For Calcs | 0.15 | 0.13 | 0.20 | 0.15 | 0.15 |
| Normalized Income | 1.6M | -2.6M | 2.3M | 2.9M | 1.9M |
| Diluted NI Availto Com Stockholders | -1.6M | 12.0M | 5.8M | -42,000 | -908,000 |
| Net Income Continuous Operations | -1.5M | 16.2M | 6.2M | 20,000 | -800,000 |
| Net Non Operating Interest Income Expense | -3.9M | -3.7M | -3.4M | -2.8M | -3.9M |
| Other Gand A | 1.1M | 1.4M | 1.2M | -1.2M | 1.3M |
| Reconciled Cost Of Revenue | 3.5M | 3.2M | 3.7M | 2.9M | 3.7M |
| Total Expenses | 4.6M | 4.5M | 5.0M | 4.2M | 5.0M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 16.7M | 22.4M | 31.7M | 14.6M | 27.0M |
| Cash Cash Equivalents And Short Term Investments | 16.7M | 22.4M | 31.7M | 14.6M | 27.0M |
| Accounts Receivable | 5.8M | 7.2M | 3.9M | 705,000 | 5.1M |
| Receivables | 6.1M | 7.6M | 5.5M | 1.8M | 6.2M |
| Prepaid Assets | -- | -- | -- | 3.7M | -- |
| Current Assets | 22.8M | 38.5M | 37.2M | 21.1M | 33.1M |
| Investments And Advances | 59.6M | 60.0M | 64.2M | 61.3M | 54.9M |
| Long Term Equity Investment | 59.6M | 60.0M | 64.2M | 61.3M | 54.9M |
| Other Non Current Assets | 643,000 | 658,000 | 521,000 | -- | -- |
| Total Non Current Assets | 819.1M | 802.2M | 796.4M | 774.4M | 761.5M |
| Total Assets | 841.8M | 840.7M | 833.6M | 795.4M | 794.6M |
| Current Debt | 93.5M | 85.0M | 68.2M | 104.1M | 102.7M |
| Current Debt And Capital Lease Obligation | 93.5M | 85.0M | 68.2M | 104.1M | 102.7M |
| Accounts Payable | 796,000 | 1.1M | 1.6M | 567,000 | 9.3M |
| Payables | 1.3M | 1.7M | 2.1M | 4.2M | 9.9M |
| Payables And Accrued Expenses | 4.8M | 6.2M | 6.5M | 6.4M | 9.9M |
| Current Accrued Expenses | 3.5M | 4.6M | 4.5M | 2.2M | -- |
| Current Deferred Revenue | 4.6M | 5.0M | 4.5M | 4.8M | -- |
| Current Liabilities | 102.8M | 96.2M | 79.2M | 115.3M | 112.5M |
| Long Term Debt | 255.9M | 254.0M | 262.0M | 198.8M | 196.9M |
| Long Term Debt And Capital Lease Obligation | 255.9M | 254.0M | 262.0M | 198.8M | 196.9M |
| Other Non Current Liabilities | -- | -- | -- | 1.1M | 327,000 |
| Total Non Current Liabilities Net Minority Interest | 317.7M | 316.6M | 322.5M | 256.4M | 253.9M |
| Total Liabilities Net Minority Interest | 420.6M | 412.8M | 401.7M | 371.7M | 366.4M |
| Common Stock | 72.7M | 72.7M | 72.7M | 72.7M | 72.7M |
| Capital Stock | 72.7M | 72.7M | 72.7M | 72.7M | 72.7M |
| Retained Earnings | 333.8M | 338.5M | 346.8M | 339.2M | 342.8M |
| Common Stock Equity | 406.5M | 411.2M | 419.5M | 411.9M | 415.5M |
| Stockholders Equity | 406.5M | 411.2M | 419.5M | 411.9M | 415.5M |
| Total Equity Gross Minority Interest | 421.2M | 427.9M | 431.9M | 423.7M | 428.2M |
| Minority Interest | 14.8M | 16.7M | 12.4M | 11.8M | 12.7M |
| Total Capitalization | 662.4M | 665.3M | 681.5M | 610.8M | 612.4M |
| Net Tangible Assets | 406.5M | 411.2M | 419.5M | 411.9M | 415.5M |
| Tangible Book Value | 406.5M | 411.2M | 419.5M | 411.9M | 415.5M |
| Working Capital | -80.1M | -57.8M | -42.0M | -94.2M | -79.4M |
| Invested Capital | 755.9M | 750.3M | 749.7M | 714.9M | 715.0M |
| Total Debt | 349.4M | 339.1M | 330.2M | 302.9M | 299.5M |
| Net Debt | 332.7M | 316.7M | 298.5M | 288.3M | 272.6M |
| Share Issued | 59.5M | 59.5M | 59.5M | 59.5M | 59.5M |
| Ordinary Shares Number | 59.5M | 59.5M | 59.5M | 59.5M | 59.5M |
| Accrued Interest Receivable | -- | -- | -- | 83,000 | -- |
| Assets Held For Sale Current | -- | 8.5M | -- | -- | -- |
| Current Deferred Liabilities | 4.6M | 5.0M | 4.5M | 4.8M | -- |
| Derivative Product Liabilities | 2.2M | 1.9M | 1.8M | -- | -- |
| Dividends Payable | -- | -- | -- | 3.1M | -- |
| Financial Assets | -- | -- | -- | 0.00 | 0.00 |
| Hedging Assets Current | -- | -- | -- | 942,000 | -- |
| Income Tax Payable | 25,000 | 59,000 | 0.00 | 10,000 | 7,000 |
| Interest Payable | 1.1M | 964,000 | 835,000 | 705,000 | -- |
| Investment Properties | 758.2M | 741.0M | 731.2M | 708.3M | 706.3M |
| Investmentsin Associatesat Cost | 23.7M | 24.0M | 24.7M | 24.4M | 24.6M |
| Investmentsin Joint Venturesat Cost | 36.0M | 36.0M | 39.5M | 36.9M | 30.3M |
| Line Of Credit | -- | 4.1M | -- | -- | -- |
| Non Current Deferred Assets | 626,000 | 507,000 | 397,000 | 0.00 | -- |
| Non Current Deferred Liabilities | 59.6M | 60.6M | 58.7M | 56.5M | 56.7M |
| Non Current Deferred Taxes Assets | 626,000 | 507,000 | 397,000 | 0.00 | -- |
| Non Current Deferred Taxes Liabilities | 59.6M | 60.6M | 58.7M | 56.5M | 56.7M |
| Non Current Note Receivables | -- | -- | -- | 337,000 | 299,000 |
| Non Current Prepaid Assets | -- | -- | -- | 4.4M | 0.00 |
| Other Current Borrowings | -- | 80.9M | -- | -- | -- |
| Other Payable | -- | -- | 2.2M | 1.9M | -- |
| Taxes Receivable | 264,000 | 381,000 | 1.7M | 1.0M | 1.1M |
| Total Tax Payable | 525,000 | 559,000 | 500,000 | 510,000 | 507,000 |
| Treasury Shares Number | -- | -- | -- | -- | 0.00 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 3.4M | 506,000 | 2.6M | 1.2M | -1.6M |
| Cash Flow From Continuing Operating Activities | 3.4M | 506,000 | 2.6M | 1.2M | -1.6M |
| Depreciation And Amortization | 527,000 | 671,000 | 358,000 | 322,000 | 358,000 |
| Depreciation Amortization Depletion | 527,000 | 671,000 | 358,000 | 322,000 | 358,000 |
| Deferred Tax | -1.1M | 1.9M | 1.4M | -208,000 | 668,000 |
| Deferred Income Tax | -1.1M | 1.9M | 1.4M | -208,000 | 668,000 |
| Change In Working Capital | 1.4M | -2.2M | -647,000 | -2.3M | -5.2M |
| Changes In Account Receivables | 2.2M | -3.3M | -2.2M | -1.2M | -576,000 |
| Change In Receivables | 2.3M | -2.0M | -3.0M | -1.1M | -711,000 |
| Change In Payables And Accrued Expense | -952,000 | -168,000 | 2.3M | -1.3M | -4.5M |
| Change In Payable | -952,000 | -168,000 | 2.3M | -1.3M | -4.5M |
| Other Non Cash Items | -94,000 | -177,000 | -81,000 | 0.00 | -12,000 |
| Capital Expenditure | -778,000 | -463,000 | -731,000 | -218,000 | -- |
| Purchase Of Business | -100,000 | -446,000 | -1.1M | -6.5M | -2.6M |
| Investing Cash Flow | -10.1M | 1.7M | -2.4M | -15.4M | -3.0M |
| Cash Flow From Continuing Investing Activities | -10.1M | 1.7M | -2.4M | -15.4M | -3.0M |
| Issuance Of Debt | 24.9M | 47.2M | 57.7M | 6.0M | 11.9M |
| Repayment Of Debt | -18.7M | -38.5M | -42.1M | -2.7M | -11.7M |
| Net Issuance Payments Of Debt | 6.2M | 8.7M | 15.6M | 3.3M | 166,000 |
| Financing Cash Flow | 1.0M | -11.5M | 12.4M | 1.9M | 166,000 |
| Cash Flow From Continuing Financing Activities | 1.0M | -11.5M | 12.4M | 1.9M | 166,000 |
| Changes In Cash | -- | -9.3M | 12.6M | -12.4M | -4.5M |
| Beginning Cash Position | 22.4M | 31.7M | 19.1M | 27.0M | 31.4M |
| End Cash Position | -- | 22.4M | 31.7M | 14.6M | 27.0M |
| Free Cash Flow | 2.6M | 43,000 | 1.9M | 959,000 | -1.5M |
| Income Tax Paid Supplemental Data | 217,000 | 402,000 | 1.3M | -- | -- |
| Interest Paid Supplemental Data | 3.9M | 3.7M | 3.5M | 1.1M | 7.3M |
| Amortization Cash Flow | 527,000 | 671,000 | 358,000 | 322,000 | 358,000 |
| Amortization Of Intangibles | 527,000 | 671,000 | 358,000 | 322,000 | 358,000 |
| Capital Expenditure Reported | -778,000 | -463,000 | -731,000 | -218,000 | 64,000 |
| Cash Dividends Paid | -3.1M | -20.2M | -3.1M | 0.00 | 0.00 |
| Change In Account Payable | -918,000 | -227,000 | 2.7M | -1.3M | 1.0M |
| Change In Income Tax Payable | -34,000 | 59,000 | -365,000 | 3,000 | -5.5M |
| Change In Tax Payable | -34,000 | 59,000 | -365,000 | 3,000 | -5.5M |
| Dividends Received Cfi | 0.00 | -- | -- | 0.00 | 0.00 |
| Earnings Losses From Equity Investments | 461,000 | 916,000 | -138,000 | -5,000 | -64,000 |
| Gain Loss On Investment Securities | 3.7M | -16.8M | -4.5M | 3.4M | 3.3M |
| Long Term Debt Issuance | 24.9M | 47.2M | 57.7M | 6.0M | 11.9M |
| Long Term Debt Payments | -18.7M | -38.5M | -42.1M | -2.7M | -11.7M |
| Net Business Purchase And Sale | -100,000 | -446,000 | -1.1M | -6.5M | -2.6M |
| Net Income From Continuing Operations | -1.5M | 16.2M | 6.2M | 20,000 | -800,000 |
| Net Investment Properties Purchase And Sale | -9.3M | -1.2M | -587,000 | -8.7M | -437,000 |
| Net Long Term Debt Issuance | 6.2M | 8.7M | 15.6M | 3.3M | 166,000 |
| Net Other Investing Changes | -- | -- | -- | 1,000 | 2,000 |
| Operating Gains Losses | 4.2M | -15.9M | -4.6M | 3.4M | 3.2M |
| Provisionand Write Offof Assets | 33,000 | 5,000 | -42,000 | -44,000 | 200,000 |
| Purchase Of Investment Properties | -17.7M | -1.2M | -587,000 | -8.7M | -437,000 |