Neo Performance Materials 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 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 122.2M | 114.7M | 121.6M | 134.9M | 111.3M |
| Operating Revenue | 122.2M | 114.7M | 121.6M | 134.9M | 111.3M |
| Cost Of Revenue | 88.8M | 80.8M | 90.8M | 97.0M | 78.0M |
| Gross Profit | 33.4M | 33.9M | 30.8M | 37.9M | 33.3M |
| Selling General And Administration | 19.1M | 19.8M | 16.2M | 17.2M | 16.6M |
| General And Administrative Expense | 19.1M | 19.8M | 16.2M | 17.2M | 16.6M |
| Research And Development | 4.2M | 4.1M | 3.2M | 6.9M | 3.5M |
| Depreciation And Amortization In Income Statement | 1.8M | 1.7M | 1.8M | 1.8M | 1.8M |
| Operating Expense | 25.0M | 25.7M | 21.2M | 25.9M | 21.9M |
| Operating Income | 8.4M | 8.2M | 9.6M | 12.0M | 11.4M |
| EBIT | 6.6M | 8.5M | 3.2M | -4.5M | 1.8M |
| Interest Expense | 1.0M | 1.3M | 595,000 | 742,000 | 820,000 |
| Interest Expense Non Operating | 1.0M | 1.3M | 595,000 | 742,000 | 820,000 |
| Interest Income | 210,000 | -- | -- | -476,000 | 271,000 |
| Interest Income Non Operating | 210,000 | -- | -- | -476,000 | 271,000 |
| Net Interest Income | -799,000 | -1.3M | -595,000 | -8.4M | -549,000 |
| Other Income Expense | -2.0M | 264,000 | -6.4M | -8.8M | -9.9M |
| Other Non Operating Income Expenses | 205,000 | 24,000 | -4.7M | 508,000 | -696,000 |
| Special Income Charges | 0.00 | 0.00 | -- | 335,000 | -266,000 |
| Write Off | 0.00 | 0.00 | -- | -335,000 | 266,000 |
| Gain On Sale Of Security | -2.2M | 240,000 | -1.7M | -9.7M | -8.9M |
| Pretax Income | 5.6M | 7.2M | 2.6M | -5.3M | 1.0M |
| Tax Provision | 4.6M | 1.6M | 4.4M | 7.6M | 3.0M |
| Tax Effect Of Unusual Items | -327,600 | 53,174 | -253,950 | -1.4M | -1.4M |
| Net Income From Continuing And Discontinued Operation | 1.4M | 5.8M | -1.5M | -12.1M | -2.6M |
| Net Income From Continuing Operation Net Minority Interest | 1.4M | 5.8M | -1.5M | -12.1M | -2.6M |
| Net Income Including Noncontrolling Interests | 1.4M | 5.7M | -1.4M | -12.0M | -2.7M |
| Minority Interests | 5,000 | 84,000 | -93,000 | -14,000 | 84,000 |
| Net Income Common Stockholders | 1.4M | 5.8M | -1.5M | -12.1M | -2.6M |
| Net Income | 1.4M | 5.8M | -1.5M | -12.1M | -2.6M |
| EBITDA | 10.4M | 12.2M | 6.9M | -206,000 | 5.7M |
| Normalized EBITDA | 12.6M | 12.0M | 8.6M | 9.1M | 14.9M |
| Reconciled Depreciation | 3.8M | 3.7M | 3.7M | 4.3M | 3.9M |
| Basic EPS | 0.03 | 0.14 | -0.04 | -- | -0.06 |
| Diluted EPS | 0.03 | 0.13 | -0.04 | -- | -0.06 |
| Basic Average Shares | 41.6M | 41.8M | 41.8M | -- | 41.8M |
| Diluted Average Shares | 44.0M | 43.3M | 41.8M | -- | 41.8M |
| Total Unusual Items | -2.2M | 240,000 | -1.7M | -9.3M | -9.2M |
| Total Unusual Items Excluding Goodwill | -2.2M | 240,000 | -1.7M | -9.3M | -9.2M |
| Tax Rate For Calcs | 0.15 | 0.22 | 0.15 | 0.15 | 0.15 |
| Normalized Income | 3.2M | 5.6M | -40,950 | -4.1M | 5.2M |
| Depreciation Amortization Depletion Income Statement | 1.8M | 1.7M | 1.8M | 1.8M | 1.8M |
| Diluted NI Availto Com Stockholders | 1.4M | 5.8M | -1.5M | -12.1M | -2.6M |
| Earnings From Equity Interest Net Of Tax | 345,000 | 70,000 | 380,000 | 791,000 | -740,000 |
| Net Income Continuous Operations | 1.4M | 5.7M | -1.4M | -12.0M | -2.7M |
| Net Non Operating Interest Income Expense | -799,000 | -1.3M | -595,000 | -8.4M | -549,000 |
| Other Gand A | 15.0M | 16.3M | 15.3M | 16.4M | 15.7M |
| Reconciled Cost Of Revenue | 86.8M | 78.8M | 88.9M | 94.5M | 75.9M |
| Salaries And Wages | 4.1M | 3.5M | 936,000 | 771,000 | 909,000 |
| Total Expenses | 113.8M | 106.5M | 112.0M | 122.9M | 99.8M |
| Total Operating Income As Reported | 8.4M | 8.2M | 9.6M | 12.4M | 11.2M |
| Total Other Finance Cost | -- | -- | -- | 7.2M | 7.5M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 61.5M | 80.3M | 77.3M | 85.5M | 64.9M |
| Cash Cash Equivalents And Short Term Investments | 61.5M | 80.3M | 77.3M | 85.5M | 64.9M |
| Cash Financial | 61.5M | 80.3M | 77.3M | 85.5M | 64.9M |
| Accounts Receivable | 90.7M | 83.1M | 66.4M | 61.2M | 67.8M |
| Receivables | 107.6M | 99.8M | 83.4M | 76.0M | 81.9M |
| Inventory | 160.7M | 146.7M | 143.6M | 139.3M | 138.8M |
| Prepaid Assets | 9.5M | 6.7M | 6.4M | 11.8M | 18.4M |
| Other Current Assets | 1.5M | 1.8M | 3.5M | 1.8M | 2.8M |
| Current Assets | 340.8M | 335.3M | 314.3M | 355.4M | 354.7M |
| Gross PPE | 288.0M | 280.7M | 272.8M | 265.3M | 258.8M |
| Accumulated Depreciation | -92.0M | -90.4M | -87.6M | -86.3M | -94.8M |
| Net PPE | 196.0M | 190.3M | 185.2M | 178.9M | 164.0M |
| Goodwill | 65.1M | 64.8M | 64.3M | 64.0M | 65.7M |
| Goodwill And Other Intangible Assets | 96.1M | 96.7M | 97.0M | 97.6M | 101.2M |
| Other Intangible Assets | 31.0M | 32.0M | 32.7M | 33.6M | 35.4M |
| Investments And Advances | 20.4M | 19.9M | 19.8M | 16.3M | 15.4M |
| Long Term Equity Investment | 17.1M | 16.7M | 16.6M | 16.3M | 15.4M |
| Other Non Current Assets | 6.1M | 6.3M | 774,000 | 982,000 | 1.1M |
| Total Non Current Assets | 321.7M | 317.1M | 306.8M | 297.9M | 284.8M |
| Total Assets | 662.5M | 652.5M | 621.1M | 653.3M | 639.5M |
| Current Debt | 693,000 | -- | 2.8M | 2.7M | -- |
| Current Debt And Capital Lease Obligation | 6.4M | 5.5M | 8.3M | 8.6M | 6.6M |
| Accounts Payable | 79.4M | 66.6M | 62.7M | 69.5M | 63.1M |
| Payables | 93.4M | 80.0M | 74.9M | 80.0M | 69.4M |
| Payables And Accrued Expenses | 93.4M | 80.0M | 74.9M | 80.0M | 69.4M |
| Other Current Liabilities | 52.1M | 50.3M | 46.4M | 58.3M | 60.2M |
| Current Liabilities | 152.4M | 136.4M | 130.2M | 159.4M | 136.8M |
| Long Term Debt | 84.3M | 89.1M | 63.9M | 64.2M | 39.9M |
| Long Term Debt And Capital Lease Obligation | 87.4M | 92.2M | 67.0M | 67.4M | 43.6M |
| Long Term Capital Lease Obligation | 3.1M | 3.1M | 3.1M | 3.2M | 3.7M |
| Other Non Current Liabilities | 285,000 | 713,000 | 716,000 | 842,000 | 1.3M |
| Total Non Current Liabilities Net Minority Interest | 105.9M | 111.0M | 86.7M | 89.0M | 76.9M |
| Total Liabilities Net Minority Interest | 258.3M | 247.4M | 216.9M | 248.4M | 213.7M |
| Common Stock | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 |
| Capital Stock | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 |
| Additional Paid In Capital | 470.9M | 470.8M | 473.2M | 473.0M | 472.5M |
| Retained Earnings | -57.5M | -55.8M | -58.3M | -53.9M | -38.8M |
| Gains Losses Not Affecting Retained Earnings | -9.8M | -10.4M | -11.3M | -17.0M | -11.3M |
| Common Stock Equity | 403.7M | 404.6M | 403.7M | 402.2M | 422.5M |
| Stockholders Equity | 403.7M | 404.6M | 403.7M | 402.2M | 422.5M |
| Total Equity Gross Minority Interest | 404.2M | 405.1M | 404.3M | 404.9M | 425.8M |
| Minority Interest | 453,000 | 507,000 | 592,000 | 2.7M | 3.2M |
| Total Capitalization | 488.0M | 493.7M | 467.6M | 466.4M | 462.4M |
| Net Tangible Assets | 307.6M | 307.9M | 306.7M | 304.6M | 321.4M |
| Tangible Book Value | 307.6M | 307.9M | 306.7M | 304.6M | 321.4M |
| Working Capital | 188.4M | 198.9M | 184.1M | 195.9M | 217.9M |
| Invested Capital | 488.7M | 493.7M | 470.3M | 469.1M | 462.4M |
| Total Debt | 93.8M | 97.7M | 75.4M | 76.0M | 50.2M |
| Net Debt | 23.5M | 8.8M | -- | -- | -- |
| Share Issued | 41.6M | 41.7M | 41.8M | 41.8M | 41.8M |
| Ordinary Shares Number | 41.6M | 41.7M | 41.8M | 41.8M | 41.8M |
| Assets Held For Sale Current | 0.00 | 0.00 | 0.00 | 40.9M | 47.8M |
| Available For Sale Securities | 3.0M | 3.0M | 3.0M | -- | -- |
| Buildings And Improvements | 48.9M | 48.3M | 48.2M | 48.2M | 53.5M |
| Capital Lease Obligations | 3.8M | 4.1M | 4.2M | 4.5M | 5.1M |
| Construction In Progress | 74.5M | 68.2M | 61.6M | 53.6M | 38.4M |
| Current Capital Lease Obligation | 770,000 | 1.0M | 1.1M | 1.2M | 1.4M |
| Current Provisions | 587,000 | 584,000 | 540,000 | 12.5M | 558,000 |
| Derivative Product Liabilities | 1.4M | 1.4M | 1.4M | 1.3M | 1.4M |
| Employee Benefits | -- | -- | -- | -- | 124,000 |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 241,000 | 115,000 | 168,000 | -- | -- |
| Finished Goods | 67.0M | 61.2M | 47.6M | 49.1M | 44.0M |
| Foreign Currency Translation Adjustments | -11.8M | -12.4M | -13.3M | -18.8M | -12.8M |
| Income Tax Payable | 14.0M | 13.4M | 12.2M | 10.5M | 6.3M |
| Investmentin Financial Assets | 3.3M | 3.2M | 3.2M | -- | -- |
| Investmentsin Associatesat Cost | 17.1M | 16.7M | 16.6M | 16.3M | 15.4M |
| Land And Improvements | 10.0M | 10.0M | 10.0M | 10.0M | 10.0M |
| Line Of Credit | 693,000 | 0.00 | 2.8M | 2.7M | -- |
| Long Term Provisions | 6.6M | 6.6M | 5.9M | 6.7M | 19.2M |
| Machinery Furniture Equipment | 139.3M | 139.0M | 138.0M | 138.4M | 141.8M |
| Minimum Pension Liabilities | 2.0M | 2.0M | 2.0M | 1.9M | 1.6M |
| Non Current Deferred Assets | 3.1M | 3.9M | 4.1M | 4.0M | 3.1M |
| Non Current Deferred Liabilities | 10.2M | 10.0M | 11.7M | 12.6M | 11.3M |
| Non Current Deferred Taxes Assets | 3.1M | 3.9M | 4.1M | 4.0M | 3.1M |
| Non Current Deferred Taxes Liabilities | 10.2M | 10.0M | 11.7M | 12.6M | 11.3M |
| Notes Receivable | 1.9M | 948,000 | 892,000 | 1.3M | 1.1M |
| Other Properties | 15.3M | 15.2M | 15.1M | 15.2M | 15.2M |
| Raw Materials | 73.3M | 66.6M | 81.1M | 72.6M | 78.5M |
| Restricted Cash | -- | -- | -- | 0.00 | 0.00 |
| Taxes Receivable | 15.0M | 15.7M | 16.1M | 13.4M | 13.0M |
| Total Tax Payable | 14.0M | 13.4M | 12.2M | 10.5M | 6.3M |
| Work In Process | 20.4M | 18.9M | 15.0M | 17.7M | 16.4M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -2.5M | -5.2M | -17.7M | 21.3M | 5.0M |
| Cash Flow From Continuing Operating Activities | -2.5M | -5.2M | -17.7M | 21.3M | 5.0M |
| Depreciation And Amortization | 3.8M | 3.7M | 3.7M | 4.3M | 3.9M |
| Depreciation Amortization Depletion | 3.8M | 3.7M | 3.7M | 4.3M | 3.9M |
| Stock Based Compensation | 4.1M | 3.5M | 936,000 | 771,000 | 909,000 |
| Deferred Tax | 4.6M | 1.6M | 4.4M | 7.6M | 3.0M |
| Deferred Income Tax | 4.6M | 1.6M | 4.4M | 7.6M | 3.0M |
| Change In Working Capital | -13.7M | -12.6M | -14.5M | 9.3M | -4.7M |
| Changes In Account Receivables | -7.5M | -16.3M | -10.0M | 5.6M | -8.9M |
| Change In Receivables | -7.5M | -16.3M | -10.0M | 5.6M | -8.9M |
| Change In Inventory | -14.1M | -2.4M | -4.2M | 6.2M | -9.3M |
| Change In Payables And Accrued Expense | 10.1M | 6.6M | -5.7M | -2.9M | 9.2M |
| Change In Other Current Assets | -2.3M | 38,000 | 5.0M | 650,000 | 5.0M |
| Change In Other Current Liabilities | 73,000 | -556,000 | 313,000 | -269,000 | -686,000 |
| Other Non Cash Items | 2.1M | 3.6M | -6.0M | 12.3M | 10.6M |
| Capital Expenditure | -7.8M | -8.9M | -11.4M | -12.0M | -25.5M |
| Purchase Of PPE | -7.8M | -8.9M | -11.4M | -12.1M | -25.5M |
| Net PPE Purchase And Sale | -7.8M | -8.9M | -11.4M | -12.1M | -25.5M |
| Purchase Of Business | -29,000 | 0.00 | -212,000 | 0.00 | -250,000 |
| Sale Of Business | 0.00 | -449,000 | 25.7M | 0.00 | 0.00 |
| Investing Cash Flow | -7.9M | -9.3M | 14.0M | -10.5M | -25.7M |
| Cash Flow From Continuing Investing Activities | -7.9M | -9.3M | 14.0M | -10.5M | -25.7M |
| Issuance Of Debt | 721,000 | 25.0M | 0.00 | 26.9M | 0.00 |
| Repayment Of Debt | -2.3M | -2.7M | 0.00 | -404,000 | -5.0M |
| Net Issuance Payments Of Debt | -4.3M | 22.3M | 0.00 | 26.5M | -5.0M |
| Repurchase Of Capital Stock | -1.5M | -2.3M | 0.00 | 0.00 | 0.00 |
| Net Common Stock Issuance | -715,000 | -2.3M | 0.00 | 0.00 | 0.00 |
| Common Stock Dividend Paid | -3.0M | -3.2M | -2.9M | -3.1M | -3.1M |
| Common Stock Payments | -1.5M | -2.3M | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -8.4M | 16.3M | -10.6M | 15.7M | -15.9M |
| Cash Flow From Continuing Financing Activities | -8.4M | 16.3M | -10.6M | 15.7M | -15.9M |
| Effect Of Exchange Rate Changes | -20,000 | 1.2M | 974,000 | -2.3M | 2.5M |
| Changes In Cash | -18.8M | 1.8M | -14.2M | 26.5M | -36.7M |
| Beginning Cash Position | 80.3M | 77.3M | 90.6M | 64.9M | 100.5M |
| End Cash Position | 61.5M | 80.3M | 77.3M | 85.5M | 64.9M |
| Free Cash Flow | -10.4M | -14.1M | -29.1M | 9.3M | -20.5M |
| Asset Impairment Charge | -- | -- | -- | -333,000 | 266,000 |
| Cash Dividends Paid | -3.0M | -3.2M | -2.9M | -3.1M | -3.1M |
| Dividends Received Cfi | -- | -- | -- | 0.00 | -- |
| Earnings Losses From Equity Investments | -345,000 | -70,000 | -380,000 | -791,000 | 740,000 |
| Gain Loss On Sale Of Business | 0.00 | 0.00 | 5.9M | -- | 178,000 |
| Interest Paid Cfo | -- | -943,000 | -948,000 | -- | -- |
| Interest Received Cfo | -- | -- | -- | -- | 159,000 |
| Long Term Debt Issuance | 721,000 | 25.0M | 0.00 | 24.2M | 0.00 |
| Long Term Debt Payments | -5.0M | 0.00 | 0.00 | -404,000 | -5.0M |
| Net Business Purchase And Sale | -29,000 | -449,000 | 25.4M | 0.00 | -250,000 |
| Net Foreign Currency Exchange Gain Loss | -649,000 | -7.0M | -3.4M | 4.4M | -2.6M |
| Net Income From Continuing Operations | 1.4M | 5.7M | -1.4M | -12.0M | -2.7M |
| Net Intangibles Purchase And Sale | -- | -- | -- | -- | -30,000 |
| Net Long Term Debt Issuance | -4.3M | 25.0M | 0.00 | 23.8M | -5.0M |
| Net Other Financing Charges | -411,000 | -443,000 | -7.6M | -7.7M | -7.9M |
| Net Other Investing Changes | -- | -- | -- | 1.5M | 52,000 |
| Net Short Term Debt Issuance | -28,000 | -- | -- | -- | 0.00 |
| Operating Gains Losses | -994,000 | -7.1M | 2.2M | 4.1M | -1.7M |
| Other Cash Adjustment Outside Changein Cash | -- | -- | -- | -3.7M | -- |
| Pension And Employee Benefit Expense | -- | -- | -- | -76,000 | 11,000 |
| Provisionand Write Offof Assets | 111,000 | 265,000 | -725,000 | 34,000 | 546,000 |
| Purchase Of Intangibles | -- | -- | -- | -- | -30,000 |
| Taxes Refund Paid | -3.0M | -3.0M | -5.2M | -3.6M | -5.5M |