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MTY Food Group Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024 Q2 2024May 31, 2024
Total Revenue 304.9M 284.8M 284.5M 292.8M 303.7M
Operating Revenue 301.4M 281.2M 280.6M 289.0M 299.8M
Cost Of Revenue 197.2M 185.7M 285.1M 151.0M 189.7M
Gross Profit 107.7M 99.1M -672,000 141.7M 114.0M
Selling General And Administration 11.6M 11.3M -76.8M 41.4M 11.2M
General And Administrative Expense 6.7M 6.5M 8.1M 6.5M 6.6M
Depreciation And Amortization In Income Statement 22.8M 23.2M 23.5M 23.0M 23.1M
Other Operating Expenses 26.9M 27.6M 18.2M 28.2M 29.0M
Operating Expense 61.2M 62.1M -34.0M 92.5M 63.3M
Operating Income 46.5M 36.9M 33.3M 49.2M 50.8M
EBIT 81.2M 12.5M -58.0M 52.7M 43.7M
Interest Expense 11.7M 12.0M 13.2M 14.9M 14.7M
Interest Expense Non Operating 11.7M 12.0M 13.2M 14.9M 14.7M
Interest Income 95,000 95,000 100,000 255,000 123,000
Interest Income Non Operating 95,000 95,000 100,000 255,000 123,000
Net Interest Income -11.6M -11.9M -13.1M -14.6M -14.6M
Other Income Expense 34.6M -24.6M -91.3M 3.3M -7.2M
Special Income Charges -371,000 -2.8M -64.8M -3.1M -4.5M
Restructuring And Mergern Acquisition 0.00 1.4M 797,000 847,000 356,000
Write Off -24,000 293,000 -- 405,000 639,000
Gain On Sale Of Security 35.0M -21.8M -26.5M 6.4M -2.8M
Pretax Income 69.5M 494,000 -71.2M 37.8M 29.0M
Tax Provision 12.3M -1.3M -16.0M 2.8M 1.5M
Tax Effect Of Unusual Items 6.1M -3.7M -20.5M 242,230 -375,910
Net Income From Continuing And Discontinued Operation 57.3M 1.7M -55.3M 34.9M 27.3M
Net Income From Continuing Operation Net Minority Interest 57.3M 1.7M -55.3M 34.9M 27.3M
Net Income Including Noncontrolling Interests 57.3M 1.8M -55.2M 35.0M 27.5M
Minority Interests 20,000 -82,000 -49,000 -154,000 -178,000
Net Income Common Stockholders 57.3M 1.7M -55.3M 34.9M 27.3M
Net Income 57.3M 1.7M -55.3M 34.9M 27.3M
EBITDA 104.0M 35.7M -34.4M 75.7M 66.7M
Normalized EBITDA 69.4M 60.2M 56.9M 72.4M 74.0M
Reconciled Depreciation 22.8M 23.2M 23.5M 23.0M 23.1M
Basic EPS 2.49 0.07 -2.34 1.46 1.13
Diluted EPS 2.49 0.07 -2.34 1.46 1.13
Basic Average Shares 23.0M 23.3M 23.6M 23.9M 24.1M
Diluted Average Shares 23.0M 23.3M 23.6M 23.9M 24.1M
Total Unusual Items 34.6M -24.6M -91.3M 3.3M -7.2M
Total Unusual Items Excluding Goodwill 34.6M -24.6M -91.3M 3.3M -7.2M
Tax Rate For Calcs 0.18 0.15 0.22 0.07 0.05
Normalized Income 28.8M 22.6M 15.6M 31.9M 34.1M
Amortization 8.2M 8.3M 8.3M 7.9M 8.1M
Amortization Of Intangibles Income Statement 8.2M 8.3M 8.3M 7.9M 8.1M
Depreciation Amortization Depletion Income Statement 22.8M 23.2M 23.5M 23.0M 23.1M
Depreciation Income Statement 14.6M 14.9M 15.3M 15.0M 15.0M
Diluted NI Availto Com Stockholders 57.3M 1.7M -55.3M 34.9M 27.3M
Gain On Sale Of Ppe 168,000 -250,000 -552,000 826,000 -34,000
Impairment Of Capital Assets 205,000 725,000 65.7M 3.0M 3.2M
Insurance And Claims 1.7M 2.6M 2.4M 2.6M 2.3M
Net Income Continuous Operations 57.3M 1.8M -55.2M 35.0M 27.5M
Net Non Operating Interest Income Expense -11.6M -11.9M -13.1M -14.6M -14.6M
Other Gand A 5.0M 3.9M 5.7M 3.9M 4.3M
Other Special Charges 358,000 134,000 -259,000 -319,000 251,000
Provision For Doubtful Accounts -- -- -- -- 639,000
Reconciled Cost Of Revenue 197.2M 185.7M 285.1M 151.0M 189.7M
Selling And Marketing Expense 4.9M 4.8M -84.9M 34.9M 4.6M
Total Expenses 258.4M 247.9M 251.2M 243.5M 253.0M
Line Item Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024 Q2 2024May 31, 2024
Cash And Cash Equivalents 47.2M 68.8M 50.4M 51.0M 52.3M
Cash Cash Equivalents And Short Term Investments 47.2M 68.8M 50.4M 51.0M 52.3M
Cash Financial 47.2M 68.8M 50.4M 51.0M 52.3M
Accounts Receivable 85.1M 81.6M 81.2M 82.3M 82.5M
Receivables 166.6M 163.9M 165.6M 169.3M 179.5M
Inventory 16.0M 18.4M 20.0M 19.3M 19.3M
Prepaid Assets 16.0M 16.5M 13.9M 14.4M 16.1M
Other Current Assets 6.5M 8.1M 5.2M 6.0M 5.3M
Current Assets 256.7M 284.8M 263.1M 261.1M 277.4M
Gross PPE 262.3M 278.2M 343.9M 284.0M 291.5M
Accumulated Depreciation -- -- -54.8M -- --
Net PPE 262.3M 278.2M 289.1M 284.0M 291.5M
Goodwill 685.0M 708.8M 693.8M 715.7M 721.3M
Goodwill And Other Intangible Assets 1.7B 1.8B 1.8B 1.8B 1.8B
Other Intangible Assets 1.1B 1.1B 1.1B 1.1B 1.1B
Total Non Current Assets 2.3B 2.3B 2.3B 2.3B 2.4B
Total Assets 2.5B 2.6B 2.6B 2.6B 2.6B
Current Debt 1.3M 1.2M 2.5M 8.4M 8.4M
Current Debt And Capital Lease Obligation 110.9M 113.7M 113.4M 116.4M 117.9M
Accounts Payable 126.3M 140.9M 134.4M 137.7M 140.6M
Payables 134.7M 144.3M 139.5M 140.0M 141.5M
Payables And Accrued Expenses 134.7M 144.3M 139.5M 140.0M 141.5M
Current Deferred Revenue 177.8M 190.8M 173.4M 164.1M 169.9M
Other Current Liabilities 3.6M 3.6M 3.0M 5.8M 1.3M
Current Liabilities 431.2M 456.9M 433.0M 430.3M 434.3M
Long Term Debt 669.4M 711.5M 704.1M 682.0M 724.6M
Long Term Debt And Capital Lease Obligation 1.1B 1.1B 1.1B 1.1B 1.1B
Long Term Capital Lease Obligation 390.0M 394.5M 404.2M 392.3M 402.7M
Total Non Current Liabilities Net Minority Interest 1.3B 1.3B 1.3B 1.3B 1.4B
Total Liabilities Net Minority Interest 1.7B 1.8B 1.8B 1.7B 1.8B
Common Stock 283.3M 287.0M 290.6M 294.4M 297.6M
Capital Stock 283.3M 287.0M 290.6M 294.4M 297.6M
Additional Paid In Capital 6.4M 6.4M 6.3M 6.2M 6.0M
Retained Earnings 470.8M 430.0M 446.1M 518.2M 498.2M
Gains Losses Not Affecting Retained Earnings 33.7M 93.6M 58.9M 15.8M 27.9M
Other Equity Adjustments -850,000 93.6M -850,000 -850,000 -850,000
Common Stock Equity 794.2M 816.9M 801.8M 834.5M 829.7M
Stockholders Equity 794.2M 816.9M 801.8M 834.5M 829.7M
Total Equity Gross Minority Interest 795.8M 818.5M 803.5M 836.1M 831.2M
Minority Interest 1.6M 1.6M 1.6M 1.6M 1.4M
Total Capitalization 1.5B 1.5B 1.5B 1.5B 1.6B
Net Tangible Assets -950.1M -997.7M -980.3M -966.7M -995.0M
Tangible Book Value -950.1M -997.7M -980.3M -966.7M -995.0M
Working Capital -174.5M -172.2M -169.9M -169.2M -157.0M
Invested Capital 1.5B 1.5B 1.5B 1.5B 1.6B
Total Debt 1.2B 1.2B 1.2B 1.2B 1.2B
Net Debt 623.5M 643.9M 656.2M 639.4M 680.8M
Share Issued 22.8M 23.2M 23.4M 23.6M 23.9M
Ordinary Shares Number 22.8M 23.2M 23.4M 23.6M 23.9M
Allowance For Doubtful Accounts Receivable -7.7M -8.2M -8.1M -9.8M -9.5M
Assets Held For Sale Current 4.3M 4.5M 4.4M 222,000 130,000
Buildings And Improvements 160.1M 170.3M 187.9M 166.9M 171.1M
Capital Lease Obligations 499.6M 506.9M 515.1M 500.2M 512.2M
Current Capital Lease Obligation 109.5M 112.4M 110.9M 108.0M 109.4M
Current Deferred Liabilities 177.8M 190.8M 173.4M 164.1M 169.9M
Current Provisions 4.2M 4.6M 3.9M 4.1M 3.8M
Derivative Product Liabilities 635,000 795,000 -- 158,000 --
Financial Assets 16,000 14,000 177,000 0.00 4.1M
Finished Goods -- -- 7.7M -- --
Foreign Currency Translation Adjustments 34.6M -- 59.7M 16.6M 28.8M
Gross Accounts Receivable 92.9M 89.8M 89.3M 92.1M 92.0M
Hedging Assets Current 62,000 4.6M 3.7M 772,000 4.8M
Income Tax Payable 8.4M 3.4M 5.1M -- 944,000
Land And Improvements -- -- 7.5M -- --
Leases -- -- 68.6M -- --
Loans Receivable 1.6M 1.4M 1.5M 1.6M 808,000
Machinery Furniture Equipment -- -- 10.6M -- --
Non Current Accounts Receivable 235.7M 231.4M 231.7M 229.0M 233.8M
Non Current Deferred Assets 12.8M 9.2M 17.6M 7.7M 7.6M
Non Current Deferred Liabilities 227.6M 238.2M 241.5M 244.7M 250.5M
Non Current Deferred Revenue 58.8M 59.6M 57.7M 55.5M 54.4M
Non Current Deferred Taxes Assets 4.7M 887,000 9.7M 93,000 93,000
Non Current Deferred Taxes Liabilities 168.8M 178.6M 183.8M 189.2M 196.1M
Non Current Note Receivables 2.9M 2.4M 2.5M 2.5M 4.3M
Other Current Borrowings 1.3M 1.2M 2.5M 8.4M 8.4M
Other Inventories -- -- 8.3M -- --
Other Properties 102.2M 107.9M 69.3M 117.1M 120.3M
Other Receivables 74.9M 75.9M 76.2M 75.9M 77.0M
Properties 0.00 0.00 0.00 0.00 0.00
Raw Materials -- -- 2.3M -- --
Taxes Receivable 5.0M 5.0M 6.8M 9.6M 19.2M
Total Tax Payable 8.4M 3.4M 5.1M 2.3M 944,000
Work In Process -- -- 1.7M -- --
Line Item Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024 Q3 2024Aug 31, 2024 Q2 2024May 31, 2024
Operating Cash Flow 40.2M 58.8M 43.7M 66.4M 40.6M
Cash Flow From Continuing Operating Activities 40.2M 58.8M 43.7M 66.4M 40.6M
Depreciation And Amortization 22.8M 23.2M 23.5M 23.0M 23.1M
Depreciation Amortization Depletion 22.8M 23.2M 23.5M 23.0M 23.1M
Stock Based Compensation 40,000 60,000 122,000 164,000 179,000
Deferred Tax 12.3M -1.3M -16.0M 2.8M 1.5M
Deferred Income Tax 12.3M -1.3M -16.0M 2.8M 1.5M
Change In Working Capital -13.0M 12.3M 1.5M -997,000 -13.4M
Changes In Account Receivables -6.8M 2.1M -- -- -3.4M
Change In Receivables -6.8M 2.1M 4.5M -155,000 -3.4M
Change In Inventory 1.7M 2.2M -557,000 -51,000 222,000
Change In Payables And Accrued Expense -9.8M 4.3M -6.3M -1.3M -8.1M
Change In Other Working Capital 1.5M 778,000 2.3M -348,000 -409,000
Change In Other Current Assets 1.2M -2.6M -2.8M 2.9M 655,000
Change In Other Current Liabilities 85,000 7.3M 3.5M -3.4M -3.0M
Other Non Cash Items 12.9M 11.9M 13.8M 14.5M 14.7M
Capital Expenditure -5.2M -4.6M -5.6M -7.2M -7.6M
Purchase Of PPE -4.4M -3.7M -4.0M -6.4M -7.3M
Net PPE Purchase And Sale -4.2M -2.6M -3.4M -5.6M -4.9M
Purchase Of Business -- -- 0.00 0.00 0.00
Sale Of Business -- -- 0.00 0.00 0.00
Investing Cash Flow -5.7M -3.2M -2.7M -9.1M -5.1M
Cash Flow From Continuing Investing Activities -5.7M -3.2M -2.7M -9.1M -5.1M
Issuance Of Debt 0.00 -- 8.0M 0.00 14.8M
Repayment Of Debt -28.6M -20.6M -29.2M -44.6M -27.3M
Net Issuance Payments Of Debt -28.6M -20.6M -21.2M -44.6M -12.5M
Repurchase Of Capital Stock -12.6M -13.8M -14.0M -11.4M -12.8M
Net Common Stock Issuance -12.6M -13.8M -14.0M -11.4M -12.8M
Common Stock Dividend Paid -7.6M -7.7M -6.6M -6.7M -6.7M
Common Stock Payments -12.6M -13.8M -14.0M -11.4M -12.8M
Financing Cash Flow -48.7M -42.1M -41.8M -56.1M -33.1M
Cash Flow From Continuing Financing Activities -48.7M -42.1M -41.8M -56.1M -33.1M
Effect Of Exchange Rate Changes -7.3M 4.9M 119,000 -2.4M -710,000
Changes In Cash -14.3M 13.5M -699,000 1.2M 2.4M
Beginning Cash Position 68.8M 50.4M 51.0M 52.3M 50.6M
End Cash Position 47.2M 68.8M 50.4M 51.0M 52.3M
Free Cash Flow 35.0M 54.2M 38.1M 59.2M 32.9M
Amortization Cash Flow 8.2M 8.3M 8.3M 7.9M 8.1M
Amortization Of Intangibles 8.2M 8.3M 8.3M 7.9M 8.1M
Asset Impairment Charge 205,000 725,000 65.7M 3.0M 3.2M
Cash Dividends Paid -7.6M -7.7M -6.6M -6.7M -6.7M
Change In Prepaid Assets -855,000 -1.8M 911,000 1.3M 664,000
Depreciation 14.6M 14.9M 15.3M 15.0M 15.0M
Gain Loss On Sale Of PPE -168,000 250,000 552,000 -826,000 34,000
Interest Paid Cfo -9.2M -9.9M -11.1M -12.3M -11.3M
Long Term Debt Issuance 0.00 -- 8.0M 0.00 14.8M
Long Term Debt Payments -28.6M -20.6M -29.2M -44.6M -27.3M
Net Business Purchase And Sale -- -- 0.00 0.00 0.00
Net Foreign Currency Exchange Gain Loss -35.0M 21.5M 26.3M -7.4M 3.4M
Net Income From Continuing Operations 57.3M 1.8M -55.2M 35.0M 27.5M
Net Intangibles Purchase And Sale -827,000 -889,000 -1.3M -808,000 -356,000
Net Long Term Debt Issuance -28.6M -20.6M -21.2M -44.6M -12.5M
Net Other Financing Charges -21,000 -75,000 0.00 6.6M -1.1M
Net Other Investing Changes -713,000 250,000 2.0M -2.7M 215,000
Operating Gains Losses -35.2M 21.7M 26.8M -8.2M 3.4M
Purchase Of Intangibles -827,000 -889,000 -1.6M -808,000 -356,000
Sale Of PPE 213,000 1.1M 617,000 801,000 2.3M
Taxes Refund Paid -8.0M -2.1M -5.1M 8.3M -7.7M
Unrealized Gain Loss On Investment Securities 31,000 299,000 -- 1.0M -611,000
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