Neo Performance Materials Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 475.8M | 571.5M | 640.3M | 539.3M |
| Operating Revenue | 475.8M | 571.5M | 640.3M | 539.3M |
| Cost Of Revenue | 351.9M | 472.4M | 490.9M | 388.7M |
| Gross Profit | 124.0M | 99.1M | 149.4M | 150.5M |
| Selling General And Administration | 64.5M | 62.9M | 61.4M | 63.0M |
| General And Administrative Expense | 64.5M | 62.9M | 61.4M | 63.0M |
| Research And Development | 16.9M | 16.1M | 20.8M | 19.9M |
| Depreciation And Amortization In Income Statement | 7.2M | 7.2M | 7.3M | 7.7M |
| Operating Expense | 88.5M | 86.2M | 89.5M | 90.5M |
| Operating Income | 35.4M | 12.9M | 59.8M | 60.0M |
| EBIT | 8.8M | 6.6M | 42.3M | 42.1M |
| Interest Expense | 1.8M | 455,000 | 904,000 | 323,000 |
| Interest Expense Non Operating | 1.8M | 455,000 | 904,000 | 323,000 |
| Interest Income | 429,000 | 1.5M | 586,000 | 293,000 |
| Interest Income Non Operating | 429,000 | 1.5M | 586,000 | 293,000 |
| Net Interest Income | -16.1M | 1.0M | -318,000 | -30,000 |
| Other Income Expense | -12.4M | -7.8M | -18.1M | -18.2M |
| Other Non Operating Income Expenses | 3.4M | 3.1M | -2.2M | -9.8M |
| Special Income Charges | -138,000 | -1.7M | -1.2M | -121,000 |
| Write Off | 138,000 | 1.7M | 1.2M | 121,000 |
| Gain On Sale Of Security | -15.6M | -9.2M | -14.6M | -8.3M |
| Pretax Income | 7.0M | 6.2M | 41.4M | 41.8M |
| Tax Provision | 17.9M | 11.7M | 17.8M | 9.6M |
| Tax Effect Of Unusual Items | -2.4M | -4.4M | -4.2M | -1.9M |
| Net Income From Continuing And Discontinued Operation | -12.9M | -8.4M | 25.9M | 35.2M |
| Net Income From Continuing Operation Net Minority Interest | -12.9M | -8.4M | 25.9M | 35.2M |
| Net Income Including Noncontrolling Interests | -13.0M | -8.4M | 26.4M | 36.0M |
| Minority Interests | 70,000 | -51,000 | -471,000 | -866,000 |
| Net Income Common Stockholders | -12.9M | -8.4M | 25.9M | 35.2M |
| Net Income | -12.9M | -8.4M | 25.9M | 35.2M |
| EBITDA | 24.5M | 23.4M | 59.1M | 58.0M |
| Normalized EBITDA | 40.3M | 34.3M | 74.9M | 66.4M |
| Reconciled Depreciation | 15.7M | 16.8M | 16.7M | 15.9M |
| Basic EPS | -0.31 | -0.19 | 0.62 | 0.92 |
| Diluted EPS | -0.31 | -0.19 | 0.61 | 0.91 |
| Basic Average Shares | 41.8M | 44.3M | 42.0M | 38.1M |
| Diluted Average Shares | 41.8M | 44.3M | 42.3M | 38.5M |
| Total Unusual Items | -15.8M | -10.9M | -15.9M | -8.4M |
| Total Unusual Items Excluding Goodwill | -15.8M | -10.9M | -15.9M | -8.4M |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.26 | 0.23 |
| Normalized Income | 465,300 | -1.9M | 37.7M | 41.7M |
| Depreciation Amortization Depletion Income Statement | 7.2M | 7.2M | 7.3M | 7.7M |
| Diluted NI Availto Com Stockholders | -12.9M | -8.4M | 25.9M | 35.2M |
| Earnings From Equity Interest Net Of Tax | -2.0M | -2.9M | 2.8M | 3.8M |
| Net Income Continuous Operations | -13.0M | -8.4M | 26.4M | 36.0M |
| Net Non Operating Interest Income Expense | -16.1M | 1.0M | -318,000 | -30,000 |
| Other Gand A | 61.4M | 59.2M | 58.9M | 58.4M |
| Reconciled Cost Of Revenue | 343.3M | 462.8M | 481.5M | 380.5M |
| Salaries And Wages | 3.1M | 3.7M | 2.5M | 4.5M |
| Total Expenses | 440.4M | 558.7M | 580.5M | 479.2M |
| Total Operating Income As Reported | 35.3M | 11.2M | 58.6M | 59.9M |
| Total Other Finance Cost | 14.7M | -- | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 85.5M | 86.9M | 147.5M | 89.0M |
| Cash Cash Equivalents And Short Term Investments | 85.5M | 86.9M | 147.5M | 89.0M |
| Cash Equivalents | -- | 0.00 | 7.5M | -- |
| Cash Financial | 85.5M | 86.9M | 140.0M | -- |
| Accounts Receivable | 61.2M | 67.6M | 81.4M | 65.2M |
| Receivables | 76.0M | 80.1M | 88.3M | 66.9M |
| Inventory | 139.3M | 197.5M | 212.7M | 201.0M |
| Prepaid Assets | 11.8M | 7.0M | 15.8M | -- |
| Other Current Assets | 1.8M | 3.8M | 1.0M | 19.2M |
| Current Assets | 355.4M | 378.6M | 466.4M | 377.4M |
| Gross PPE | 265.3M | 213.8M | 146.7M | 136.6M |
| Accumulated Depreciation | -86.3M | -94.9M | -70.9M | -63.2M |
| Net PPE | 178.9M | 118.9M | 75.8M | 73.4M |
| Goodwill | 64.0M | 65.2M | 66.0M | 70.1M |
| Goodwill And Other Intangible Assets | 97.6M | 103.7M | 109.0M | 120.0M |
| Other Intangible Assets | 33.6M | 38.5M | 43.0M | 50.0M |
| Investments And Advances | 16.3M | 18.0M | 16.4M | 13.8M |
| Long Term Equity Investment | 16.3M | 18.0M | 16.4M | 13.8M |
| Other Non Current Assets | 982,000 | 1.1M | 1.9M | 2.9M |
| Total Non Current Assets | 297.9M | 248.4M | 210.0M | 216.7M |
| Total Assets | 653.3M | 627.0M | 676.5M | 594.1M |
| Current Debt | 2.7M | -- | 17.3M | 6.5M |
| Current Debt And Capital Lease Obligation | 8.6M | 3.9M | 19.3M | 8.1M |
| Accounts Payable | 69.5M | 72.0M | 69.1M | 94.2M |
| Payables | 80.0M | 81.2M | 79.1M | 101.3M |
| Payables And Accrued Expenses | 80.0M | 81.2M | 79.1M | 101.3M |
| Other Current Liabilities | 58.3M | 37.0M | 28.8M | 16.2M |
| Current Liabilities | 159.4M | 122.9M | 128.6M | 131.1M |
| Long Term Debt | 64.2M | 23.1M | 29.9M | -- |
| Long Term Debt And Capital Lease Obligation | 67.4M | 25.5M | 30.7M | 1.4M |
| Long Term Capital Lease Obligation | 3.2M | 2.4M | 813,000 | 1.4M |
| Other Non Current Liabilities | 842,000 | 1.7M | 1.4M | 1.4M |
| Total Non Current Liabilities Net Minority Interest | 89.0M | 68.8M | 70.2M | 32.5M |
| Total Liabilities Net Minority Interest | 248.4M | 191.7M | 198.8M | 163.6M |
| Common Stock | 42,000 | 42,000 | 45,000 | 41,000 |
| Capital Stock | 42,000 | 42,000 | 45,000 | 41,000 |
| Additional Paid In Capital | 473.0M | 473.8M | 490.8M | 439.8M |
| Retained Earnings | -53.9M | -28.5M | -6.7M | -19.3M |
| Gains Losses Not Affecting Retained Earnings | -17.0M | -13.1M | -9.7M | 7.0M |
| Common Stock Equity | 402.2M | 432.1M | 474.4M | 427.6M |
| Stockholders Equity | 402.2M | 432.1M | 474.4M | 427.6M |
| Total Equity Gross Minority Interest | 404.9M | 435.3M | 477.6M | 430.5M |
| Minority Interest | 2.7M | 3.2M | 3.2M | 2.9M |
| Total Capitalization | 466.4M | 455.2M | 504.3M | 427.6M |
| Net Tangible Assets | 304.6M | 328.5M | 365.4M | 307.6M |
| Tangible Book Value | 304.6M | 328.5M | 365.4M | 307.6M |
| Working Capital | 195.9M | 255.7M | 337.8M | 246.3M |
| Invested Capital | 469.1M | 455.2M | 521.6M | 434.1M |
| Total Debt | 76.0M | 29.4M | 50.0M | 9.5M |
| Share Issued | 41.8M | 42.0M | 45.2M | 40.7M |
| Ordinary Shares Number | 41.8M | 42.0M | 45.2M | 40.7M |
| Assets Held For Sale Current | 40.9M | 0.00 | -- | -- |
| Buildings And Improvements | 48.2M | 37.6M | 35.1M | 36.1M |
| Capital Lease Obligations | 4.5M | 4.1M | 2.1M | 3.0M |
| Construction In Progress | 53.6M | 47.7M | 11.1M | 4.9M |
| Current Capital Lease Obligation | 1.2M | 1.7M | 1.3M | 1.6M |
| Current Provisions | 12.5M | 823,000 | 1.4M | 5.6M |
| Derivative Product Liabilities | 1.3M | 1.1M | 0.00 | -- |
| Employee Benefits | -- | 108,000 | 489,000 | 1.2M |
| Finished Goods | 49.1M | 75.3M | 91.6M | 78.4M |
| Foreign Currency Translation Adjustments | -18.8M | -14.8M | -11.1M | 6.0M |
| Income Tax Payable | 10.5M | 9.2M | 10.0M | 7.1M |
| Investmentsin Associatesat Cost | 16.3M | 18.0M | 16.4M | 13.8M |
| Land And Improvements | 10.0M | 10.0M | 2.5M | 2.5M |
| Line Of Credit | 2.7M | 0.00 | 17.3M | 6.5M |
| Long Term Provisions | 6.7M | 26.2M | 23.6M | 15.1M |
| Machinery Furniture Equipment | 138.4M | 104.0M | 86.5M | 86.3M |
| Minimum Pension Liabilities | 1.9M | 1.7M | 1.5M | 1.0M |
| Non Current Deferred Assets | 4.0M | 6.8M | 7.0M | 6.6M |
| Non Current Deferred Liabilities | 12.6M | 14.3M | 13.9M | 13.4M |
| Non Current Deferred Taxes Assets | 4.0M | 6.8M | 7.0M | 6.6M |
| Non Current Deferred Taxes Liabilities | 12.6M | 14.3M | 13.9M | 13.4M |
| Notes Receivable | 1.3M | 4.3M | 954,000 | -- |
| Other Current Borrowings | -- | -- | -- | 6.5M |
| Other Properties | 15.2M | 14.6M | 11.4M | 6.8M |
| Raw Materials | 72.6M | 85.9M | 65.5M | 80.5M |
| Restricted Cash | 0.00 | 3.4M | 1.2M | 1.3M |
| Taxes Receivable | 13.4M | 8.2M | 5.9M | 1.7M |
| Total Tax Payable | 10.5M | 9.2M | 10.0M | 7.1M |
| Work In Process | 17.7M | 36.2M | 55.6M | 42.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 51.5M | 61.0M | 3.7M | -2.2M |
| Cash Flow From Continuing Operating Activities | 51.5M | 61.0M | 3.7M | -2.2M |
| Depreciation And Amortization | 15.7M | 16.8M | 16.7M | 15.9M |
| Depreciation Amortization Depletion | 15.7M | 16.8M | 16.7M | 15.9M |
| Stock Based Compensation | 3.1M | 3.7M | 2.5M | 4.5M |
| Deferred Tax | 17.9M | 11.7M | 17.8M | 9.6M |
| Deferred Income Tax | 17.9M | 11.7M | 17.8M | 9.6M |
| Change In Working Capital | 18.3M | 39.2M | -67.8M | -70.7M |
| Changes In Account Receivables | 4.6M | 17.4M | -19.2M | -13.3M |
| Change In Receivables | 4.6M | 17.4M | -19.2M | -13.3M |
| Change In Inventory | 28.9M | 20.3M | -18.9M | -69.4M |
| Change In Payables And Accrued Expense | -17.3M | -1.8M | -23.3M | 16.8M |
| Change In Other Current Assets | 2.1M | 3.0M | -5.4M | -5.2M |
| Change In Other Current Liabilities | -42,000 | 339,000 | -999,000 | 464,000 |
| Other Non Cash Items | 24.4M | 2.9M | 14.0M | 3.3M |
| Capital Expenditure | -64.2M | -41.7M | -17.5M | -9.5M |
| Purchase Of PPE | -64.2M | -41.7M | -17.4M | -9.2M |
| Net PPE Purchase And Sale | -64.2M | -41.7M | -17.4M | -9.2M |
| Purchase Of Business | -250,000 | -16.4M | 0.00 | -- |
| Sale Of Business | 181,000 | 0.00 | -- | -- |
| Purchase Of Investment | -- | -- | 0.00 | -776,000 |
| Net Investment Purchase And Sale | -- | -- | 0.00 | -776,000 |
| Investing Cash Flow | -59.4M | -59.1M | -17.4M | -7.0M |
| Cash Flow From Continuing Investing Activities | -59.4M | -59.1M | -17.4M | -7.0M |
| Issuance Of Debt | 51.9M | 4.5M | 30.9M | 4.1M |
| Repayment Of Debt | -8.5M | -32.5M | -2.0M | -1.7M |
| Net Issuance Payments Of Debt | 43.4M | -28.0M | 41.3M | 2.3M |
| Issuance Of Capital Stock | -- | 0.00 | 47.7M | 38.0M |
| Repurchase Of Capital Stock | -2.2M | -19.9M | 0.00 | -37,000 |
| Net Common Stock Issuance | -2.2M | -19.9M | 47.7M | 38.0M |
| Common Stock Dividend Paid | -12.3M | -13.4M | -13.4M | -12.8M |
| Common Stock Payments | -2.2M | -19.9M | 0.00 | -37,000 |
| Financing Cash Flow | 13.1M | -61.4M | 74.8M | 26.2M |
| Cash Flow From Continuing Financing Activities | 13.1M | -61.4M | 74.8M | 26.2M |
| Effect Of Exchange Rate Changes | -1.6M | -1.1M | -2.6M | -220,000 |
| Changes In Cash | 5.2M | -59.5M | 61.1M | 17.0M |
| Beginning Cash Position | 86.9M | 147.5M | 89.0M | 72.2M |
| End Cash Position | 85.5M | 86.9M | 147.5M | 89.0M |
| Free Cash Flow | -12.7M | 19.2M | -13.8M | -11.6M |
| Amortization Cash Flow | 4.4M | 4.4M | 4.5M | -- |
| Amortization Of Intangibles | 4.4M | 4.4M | 4.5M | -- |
| Asset Impairment Charge | 140,000 | 1.7M | 1.2M | 121,000 |
| Cash Dividends Paid | -12.3M | -13.4M | -13.4M | -12.8M |
| Common Stock Issuance | -- | 0.00 | 47.7M | 38.0M |
| Depreciation | 11.3M | 12.4M | 12.2M | -- |
| Dividends Received Cfi | 0.00 | 332,000 | 0.00 | 103,000 |
| Earnings Losses From Equity Investments | 2.0M | 2.9M | -2.8M | -3.8M |
| Gain Loss On Investment Securities | -475,000 | -19,000 | -- | -- |
| Gain Loss On Sale Of Business | -- | -2.3M | 0.00 | -- |
| Interest Paid Cfo | -586,000 | 1.0M | -197,000 | 168,000 |
| Interest Received Cfo | -- | 1.0M | -- | 168,000 |
| Long Term Debt Issuance | 49.2M | 0.00 | 30.9M | 0.00 |
| Long Term Debt Payments | -8.5M | -10.6M | -2.0M | -1.7M |
| Net Business Purchase And Sale | -69,000 | -16.4M | 0.00 | -- |
| Net Foreign Currency Exchange Gain Loss | 3.7M | 694,000 | -658,000 | 1.2M |
| Net Income From Continuing Operations | -13.0M | -8.4M | 26.4M | 36.0M |
| Net Intangibles Purchase And Sale | -- | -14,000 | -116,000 | -305,000 |
| Net Long Term Debt Issuance | 40.7M | -10.6M | 28.9M | -1.7M |
| Net Other Financing Charges | -15.7M | -153,000 | -865,000 | -1.3M |
| Net Other Investing Changes | 4.9M | -1.3M | 39,000 | 3.1M |
| Net Short Term Debt Issuance | 2.7M | -17.3M | 12.4M | 4.1M |
| Operating Gains Losses | 6.4M | 3.4M | -3.0M | -2.8M |
| Other Cash Adjustment Outside Changein Cash | -5.1M | 0.00 | -- | -- |
| Pension And Employee Benefit Expense | -53,000 | -15,000 | 59,000 | 80,000 |
| Provisionand Write Offof Assets | 1.6M | 2.3M | 8.5M | 11.1M |
| Purchase Of Intangibles | -- | -14,000 | -116,000 | -305,000 |
| Short Term Debt Issuance | 2.7M | 4.5M | 12.4M | 4.1M |
| Short Term Debt Payments | 0.00 | -21.9M | -- | -- |
| Taxes Refund Paid | -22.4M | -13.4M | -12.4M | -9.4M |