Martello Technologies Group Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 14.5M | 15.8M | 16.1M | 17.5M | -- |
| Operating Revenue | 14.5M | 15.8M | 16.1M | 17.5M | -- |
| Cost Of Revenue | 2.0M | 1.9M | 1.9M | 1.6M | -- |
| Gross Profit | 12.5M | 13.8M | 14.2M | 15.9M | -- |
| Selling General And Administration | 9.3M | 9.9M | 11.0M | 12.7M | -- |
| General And Administrative Expense | 3.8M | 4.0M | 4.4M | 5.3M | -- |
| Research And Development | 5.4M | 5.6M | 5.7M | 6.6M | -- |
| Depreciation And Amortization In Income Statement | 1.9M | 1.9M | 1.9M | 2.3M | -- |
| Operating Expense | 16.7M | 17.4M | 18.6M | 21.7M | -- |
| Operating Income | -4.1M | -3.6M | -4.4M | -5.8M | -- |
| EBIT | -4.0M | -4.0M | -22.9M | -6.3M | -- |
| Interest Expense | 1.8M | 1.8M | 2.4M | 1.9M | -- |
| Interest Expense Non Operating | 1.8M | 1.8M | 2.4M | 1.9M | -- |
| Interest Income | 7,182 | 15,488 | 28,580 | 5,350 | -- |
| Interest Income Non Operating | 7,182 | 15,488 | 28,580 | 5,350 | -- |
| Net Interest Income | -1.8M | -1.9M | -2.6M | -2.3M | -- |
| Other Income Expense | 136,648 | -298,776 | -18.4M | -202,699 | -- |
| Other Non Operating Income Expenses | 56,812 | 13,957 | 57,187 | 35,260 | -- |
| Special Income Charges | 103,573 | 132,140 | -18.0M | 134,354 | -- |
| Restructuring And Mergern Acquisition | -- | -- | 0.00 | 50,000 | 1.1M |
| Gain On Sale Of Security | -23,737 | -444,873 | -396,960 | -372,313 | -- |
| Pretax Income | -5.8M | -5.8M | -25.3M | -8.2M | -- |
| Tax Provision | -127,732 | -14,847 | -138,346 | -7,663 | -- |
| Tax Effect Of Unusual Items | 1,751 | -806.28 | -100,667 | -221.65 | -- |
| Net Income From Continuing And Discontinued Operation | -5.7M | -5.7M | -25.2M | -8.2M | -- |
| Net Income From Continuing Operation Net Minority Interest | -5.7M | -5.7M | -25.2M | -8.2M | -- |
| Net Income Including Noncontrolling Interests | -5.7M | -5.7M | -25.2M | -8.2M | -- |
| Net Income Common Stockholders | -5.7M | -5.7M | -25.2M | -8.2M | -- |
| Net Income | -5.7M | -5.7M | -25.2M | -8.2M | -- |
| EBITDA | -2.1M | -2.0M | -21.0M | -4.0M | -- |
| Normalized EBITDA | -2.2M | -1.7M | -2.5M | -3.7M | -- |
| Reconciled Depreciation | 1.9M | 1.9M | 1.9M | 2.3M | -- |
| Basic EPS | -0.01 | -0.01 | -0.07 | -0.03 | -- |
| Diluted EPS | -0.01 | -0.01 | -0.07 | -0.03 | -- |
| Basic Average Shares | 545.8M | 470.2M | 337.1M | 308.7M | -- |
| Diluted Average Shares | 545.8M | 470.2M | 337.1M | 308.7M | -- |
| Total Unusual Items | 79,836 | -312,733 | -18.4M | -237,959 | -- |
| Total Unusual Items Excluding Goodwill | 79,836 | -312,733 | -18.4M | -237,959 | -- |
| Tax Rate For Calcs | 0.02 | 0.00 | 0.01 | 0.00 | -- |
| Normalized Income | -5.8M | -5.4M | -6.9M | -8.0M | -- |
| Amortization | 1.7M | 1.7M | 1.6M | 1.9M | -- |
| Amortization Of Intangibles Income Statement | 1.7M | 1.7M | 1.6M | 1.9M | -- |
| Depreciation Amortization Depletion Income Statement | 1.9M | 1.9M | 1.9M | 2.3M | -- |
| Depreciation Income Statement | 207,837 | 255,622 | 307,594 | 428,380 | -- |
| Diluted NI Availto Com Stockholders | -5.7M | -5.7M | -25.2M | -8.2M | -- |
| Impairment Of Capital Assets | -- | 0.00 | 19.2M | 0.00 | 0.00 |
| Net Income Continuous Operations | -5.7M | -5.7M | -25.2M | -8.2M | -- |
| Net Income Discontinuous Operations | -- | -- | -- | 0.00 | -320,171 |
| Net Non Operating Interest Income Expense | -1.8M | -1.9M | -2.6M | -2.3M | -- |
| Other Gand A | 3.8M | 4.0M | 4.4M | 5.3M | -- |
| Other Special Charges | -103,573 | -132,140 | -1.1M | -184,354 | -- |
| Reconciled Cost Of Revenue | 2.0M | 1.9M | 1.9M | 1.6M | -- |
| Selling And Marketing Expense | 5.5M | 5.9M | 6.6M | 7.4M | -- |
| Total Expenses | 18.7M | 19.4M | 20.5M | 23.3M | -- |
| Total Operating Income As Reported | -4.1M | -3.6M | -23.5M | -5.8M | -- |
| Total Other Finance Cost | 3,160 | 80,792 | 185,972 | 318,050 | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 6.6M | 7.6M | 2.1M | 4.9M | -- |
| Cash Cash Equivalents And Short Term Investments | 6.7M | 7.7M | 2.2M | 5.0M | -- |
| Cash Financial | 6.6M | 7.6M | 2.1M | 4.9M | -- |
| Other Short Term Investments | 108,391 | 104,980 | 101,430 | 170,000 | -- |
| Accounts Receivable | 4.8M | 3.4M | 4.4M | 4.2M | -- |
| Receivables | 5.1M | 3.7M | 5.9M | 5.2M | -- |
| Inventory | 38,200 | 39,297 | 41,865 | 45,336 | -- |
| Prepaid Assets | 542,247 | 709,166 | 1.3M | 887,910 | -- |
| Current Assets | 12.4M | 12.1M | 9.4M | 11.2M | -- |
| Gross PPE | 454,747 | 1.0M | 1.2M | 2.2M | -- |
| Accumulated Depreciation | -149,723 | -379,288 | -355,143 | -888,076 | -- |
| Net PPE | 305,024 | 633,843 | 863,107 | 1.3M | -- |
| Goodwill | -- | -- | 0.00 | 18.3M | 19.4M |
| Goodwill And Other Intangible Assets | 6.5M | 7.8M | 9.5M | 29.2M | -- |
| Other Intangible Assets | 6.5M | 7.8M | 9.5M | 10.9M | -- |
| Investments And Advances | -- | 0.00 | 303,750 | 303,750 | 303,750 |
| Total Non Current Assets | 6.8M | 8.4M | 10.7M | 30.8M | -- |
| Total Assets | 19.2M | 20.6M | 20.2M | 41.9M | -- |
| Current Debt | 180,000 | -- | 8.8M | 270,000 | 219,000 |
| Current Debt And Capital Lease Obligation | 300,129 | 197,923 | 8.9M | 566,759 | -- |
| Accounts Payable | 227,962 | 332,013 | 828,155 | 302,843 | -- |
| Payables | 1.5M | 1.9M | 2.1M | 2.1M | -- |
| Payables And Accrued Expenses | 2.7M | 3.0M | 3.0M | 3.1M | -- |
| Current Accrued Expenses | 1.3M | 1.1M | 837,911 | 1.0M | -- |
| Current Deferred Revenue | 4.6M | 4.9M | 5.8M | 5.2M | -- |
| Other Current Liabilities | 54,837 | 6,560 | -- | 5,015 | -- |
| Current Liabilities | 7.7M | 8.1M | 17.7M | 8.9M | -- |
| Long Term Debt | 11.9M | 9.6M | 1.1M | 9.9M | -- |
| Long Term Debt And Capital Lease Obligation | 12.1M | 10.1M | 1.7M | 10.8M | -- |
| Long Term Capital Lease Obligation | 180,287 | 422,043 | 610,268 | 917,115 | -- |
| Total Non Current Liabilities Net Minority Interest | 14.6M | 11.7M | 3.7M | 13.4M | -- |
| Total Liabilities Net Minority Interest | 22.3M | 19.8M | 21.4M | 22.3M | -- |
| Common Stock | 61.6M | 59.6M | 52.1M | 48.8M | -- |
| Capital Stock | 61.6M | 59.6M | 52.1M | 48.8M | -- |
| Additional Paid In Capital | 4.0M | 4.0M | 3.8M | 3.6M | -- |
| Retained Earnings | -70.4M | -64.7M | -59.0M | -33.8M | -- |
| Gains Losses Not Affecting Retained Earnings | -667,357 | -486,635 | -550,281 | -1.3M | -- |
| Other Equity Adjustments | -667,357 | -486,635 | -550,281 | -1.3M | -- |
| Common Stock Equity | -3.1M | 738,683 | -1.3M | 19.7M | -- |
| Stockholders Equity | -3.1M | 738,683 | -1.3M | 19.7M | -- |
| Total Equity Gross Minority Interest | -3.1M | 738,683 | -1.3M | 19.7M | -- |
| Total Capitalization | 8.8M | 10.4M | -176,465 | 29.6M | -- |
| Net Tangible Assets | -9.6M | -7.0M | -10.8M | -9.5M | -- |
| Tangible Book Value | -9.6M | -7.0M | -10.8M | -9.5M | -- |
| Working Capital | 4.7M | 4.0M | -8.2M | 2.3M | -- |
| Invested Capital | 9.0M | 10.4M | 8.6M | 29.8M | -- |
| Total Debt | 12.4M | 10.3M | 10.6M | 11.4M | -- |
| Net Debt | 5.5M | 2.0M | 7.7M | 5.3M | -- |
| Share Issued | 583.7M | 543.7M | 392.7M | 326.7M | -- |
| Ordinary Shares Number | 583.7M | 543.7M | 392.7M | 326.7M | -- |
| Allowance For Doubtful Accounts Receivable | -- | -- | -- | -18,481 | -12,080 |
| Capital Lease Obligations | 300,416 | 619,966 | 785,989 | 1.2M | -- |
| Current Capital Lease Obligation | 120,129 | 197,923 | 175,721 | 296,759 | -- |
| Current Deferred Liabilities | 4.6M | 4.9M | 5.8M | 5.2M | -- |
| Employee Benefits | 0.00 | 96,327 | 155,782 | 358,643 | -- |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | -- | -- | -- | 303,750 | 303,750 |
| Gross Accounts Receivable | -- | -- | -- | 4.2M | 5.2M |
| Hedging Assets Current | -- | 0.00 | 15,649 | 0.00 | 8,465 |
| Investmentin Financial Assets | -- | -- | -- | 303,750 | 303,750 |
| Leases | 7,410 | 11,285 | 11,412 | 152,420 | -- |
| Machinery Furniture Equipment | 197,002 | 446,643 | 455,213 | 915,821 | -- |
| Non Current Accounts Receivable | -- | -- | -- | -- | 41,631 |
| Non Current Deferred Liabilities | 2.5M | 1.5M | 1.9M | 2.2M | -- |
| Non Current Deferred Revenue | 2.5M | 1.4M | 1.8M | 2.1M | -- |
| Non Current Deferred Taxes Liabilities | 0.00 | 114,153 | 128,964 | 79,621 | -- |
| Non Current Pension And Other Postretirement Benefit Plans | 0.00 | 96,327 | 155,782 | 358,643 | -- |
| Other Current Borrowings | 180,000 | -- | 8.8M | 270,000 | 219,000 |
| Other Equity Interest | 2.3M | 2.3M | 2.3M | 2.3M | -- |
| Other Payable | 1.2M | 1.5M | 1.2M | 1.7M | -- |
| Other Properties | 250,335 | 555,203 | 751,625 | 1.1M | -- |
| Other Receivables | -- | -- | -- | 35,394 | 67,127 |
| Pensionand Other Post Retirement Benefit Plans Current | -- | -- | -- | 326,316 | 158,248 |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Taxes Receivable | 298,464 | 271,419 | 1.5M | 944,816 | -- |
| Total Tax Payable | 69,722 | 70,411 | 110,585 | 73,034 | -- |
| Treasury Shares Number | -- | 0.00 | -- | -- | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -3.1M | -253,393 | -4.8M | -4.7M | -- |
| Cash Flow From Continuing Operating Activities | -3.1M | -253,393 | -4.8M | -4.7M | -- |
| Depreciation And Amortization | 1.9M | 1.9M | 1.9M | 2.3M | -- |
| Depreciation Amortization Depletion | 1.9M | 1.9M | 1.9M | 2.3M | -- |
| Stock Based Compensation | 203,951 | 184,390 | 233,468 | 592,826 | -- |
| Change In Working Capital | -1.2M | 1.7M | -1.4M | -736,919 | -- |
| Changes In Account Receivables | -1.3M | 974,822 | -46,031 | 843,316 | -- |
| Change In Receivables | -1.3M | 2.2M | -489,874 | 631,459 | -- |
| Change In Inventory | 1,098 | 2,567 | 3,471 | -1,094 | -- |
| Change In Payables And Accrued Expense | -499,219 | 198.00 | -322,630 | -1.3M | -- |
| Change In Payable | -- | -- | -- | -- | -1.6M |
| Change In Other Working Capital | 382,079 | -1.1M | -214,789 | 324,980 | -- |
| Other Non Cash Items | 1.7M | 1.3M | -95,664 | 1.1M | -- |
| Capital Expenditure | -13,879 | -20,378 | -9,791 | -14,342 | -- |
| Purchase Of PPE | -13,879 | -20,378 | -9,791 | -14,342 | -- |
| Net PPE Purchase And Sale | -13,879 | -20,378 | -9,791 | -14,342 | -- |
| Purchase Of Business | -- | -- | -- | 0.00 | -11.6M |
| Sale Of Business | -- | -- | -- | 0.00 | 424,702 |
| Purchase Of Investment | -- | 0.00 | -100,000 | 0.00 | -350,000 |
| Sale Of Investment | -- | 0.00 | 170,000 | 0.00 | 3.2M |
| Net Investment Purchase And Sale | -- | 0.00 | 70,000 | 0.00 | 2.8M |
| Investing Cash Flow | -13,879 | -20,378 | 60,209 | -14,342 | -- |
| Cash Flow From Continuing Investing Activities | -13,879 | -20,378 | 60,209 | -14,342 | -- |
| Issuance Of Debt | 250,000 | 5.2M | 4.1M | 0.00 | -- |
| Repayment Of Debt | -232,431 | -6.9M | -5.3M | -751,842 | -- |
| Net Issuance Payments Of Debt | 17,569 | -1.6M | -1.2M | -751,842 | -- |
| Issuance Of Capital Stock | 2.0M | 7.5M | 3.3M | 2.5M | -- |
| Net Common Stock Issuance | 2.0M | 7.5M | 3.3M | 2.5M | -- |
| Financing Cash Flow | 2.0M | 5.8M | 2.0M | 1.2M | -- |
| Cash Flow From Continuing Financing Activities | 2.0M | 5.8M | 2.0M | 1.2M | -- |
| Effect Of Exchange Rate Changes | 40,392 | -24,811 | 28,541 | -60,848 | -- |
| Changes In Cash | -1.1M | 5.5M | -2.8M | -3.4M | -- |
| Beginning Cash Position | 7.6M | 2.1M | 4.9M | 8.3M | -- |
| End Cash Position | 6.6M | 7.6M | 2.1M | 4.9M | -- |
| Free Cash Flow | -3.1M | -273,771 | -4.9M | -4.7M | -- |
| Amortization Cash Flow | 1.7M | 1.7M | 1.6M | 1.9M | -- |
| Amortization Of Intangibles | 1.7M | 1.7M | 1.6M | 1.9M | -- |
| Asset Impairment Charge | -- | 0.00 | 19.2M | 0.00 | 0.00 |
| Change In Account Payable | -- | -- | -- | -- | -1.6M |
| Change In Prepaid Assets | 183,640 | 594,833 | -364,411 | -415,150 | -- |
| Common Stock Issuance | 2.0M | 7.5M | 3.3M | 2.5M | -- |
| Depreciation | 207,837 | 255,622 | 307,594 | 428,380 | -- |
| Gain Loss On Investment Securities | 48,278 | 325,959 | -20,664 | 13,480 | -- |
| Gain Loss On Sale Of PPE | -- | -- | 3,087 | 890.00 | 31,741 |
| Long Term Debt Issuance | 250,000 | 5.2M | 4.1M | 0.00 | -- |
| Long Term Debt Payments | -232,431 | -6.9M | -5.3M | -751,842 | -- |
| Net Business Purchase And Sale | -- | -- | -- | 0.00 | -11.1M |
| Net Foreign Currency Exchange Gain Loss | 110,351 | 19,219 | 543,992 | 169,095 | -- |
| Net Income From Continuing Operations | -5.8M | -5.8M | -25.3M | -8.2M | -- |
| Net Long Term Debt Issuance | 17,569 | -1.6M | -1.2M | -751,842 | -- |
| Net Other Financing Charges | -18,500 | -130,257 | -70,938 | -529,720 | -- |
| Operating Gains Losses | 169,034 | 406,593 | 656,711 | 321,737 | -- |
| Pension And Employee Benefit Expense | 10,405 | 61,415 | 133,383 | 138,272 | -- |
| Proceeds From Stock Option Exercised | -- | -- | 0.00 | 25,200 | 4.3M |