Northern Graphite Corporation
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 | 22.7M | 17.1M | 12.0M | 0.00 |
| Operating Revenue | 22.7M | 17.1M | 12.0M | 0.00 |
| Cost Of Revenue | 23.0M | 15.2M | 8.9M | 0.00 |
| Gross Profit | -310,000 | 1.9M | 3.0M | 0.00 |
| Selling General And Administration | 9.1M | 10.3M | 6.3M | 2.1M |
| General And Administrative Expense | 8.9M | 10.0M | 5.8M | 1.8M |
| Depreciation And Amortization In Income Statement | 91,000 | 94,000 | 46,000 | 31,000 |
| Other Operating Expenses | -1.5M | 324,000 | 1.9M | 1.5M |
| Operating Expense | 12.4M | 17.2M | 8.3M | 3.6M |
| Operating Income | -12.7M | -15.3M | -5.2M | -3.6M |
| EBIT | -26.3M | -17.8M | -10.6M | -3.2M |
| Interest Expense | 12.5M | 6.6M | 3.3M | 16,000 |
| Interest Expense Non Operating | 12.5M | 6.6M | 3.3M | 16,000 |
| Interest Income | 169,000 | 75,000 | 159,000 | 22,000 |
| Interest Income Non Operating | 169,000 | 75,000 | 159,000 | 22,000 |
| Net Interest Income | -12.3M | -6.5M | -3.2M | 6,000 |
| Other Income Expense | -13.8M | -2.6M | -5.5M | 414,000 |
| Other Non Operating Income Expenses | -22,000 | -587,000 | -- | -- |
| Special Income Charges | -8.2M | -2.7M | -3.2M | 0.00 |
| Gain On Sale Of Security | -5.6M | 692,000 | -2.3M | 414,000 |
| Pretax Income | -38.8M | -24.4M | -13.9M | -3.2M |
| Tax Provision | -10,000 | -722,000 | 664,000 | 0.00 |
| Tax Effect Of Unusual Items | -3,542 | -58,999 | -1.4M | 0.00 |
| Net Income From Continuing And Discontinued Operation | -38.8M | -23.6M | -14.6M | -3.2M |
| Net Income From Continuing Operation Net Minority Interest | -38.8M | -23.6M | -14.6M | -3.2M |
| Net Income Including Noncontrolling Interests | -38.8M | -23.6M | -14.6M | -3.2M |
| Net Income Common Stockholders | -38.8M | -23.6M | -14.6M | -3.2M |
| Net Income | -38.8M | -23.6M | -14.6M | -3.2M |
| EBITDA | -21.0M | -14.6M | -7.8M | -3.2M |
| Normalized EBITDA | -7.2M | -12.6M | -2.3M | -3.6M |
| Reconciled Depreciation | 5.3M | 3.2M | 2.8M | 31,000 |
| Basic EPS | -0.30 | -0.18 | -0.14 | -0.04 |
| Diluted EPS | -0.30 | -0.18 | -0.14 | -0.04 |
| Basic Average Shares | 130.8M | 128.7M | 107.8M | 77.5M |
| Diluted Average Shares | 130.8M | 128.7M | 107.8M | 77.5M |
| Total Unusual Items | -13.7M | -2.0M | -5.5M | 414,000 |
| Total Unusual Items Excluding Goodwill | -13.7M | -2.0M | -5.5M | 414,000 |
| Tax Rate For Calcs | 0.00 | 0.03 | 0.26 | 0.00 |
| Normalized Income | -25.1M | -21.7M | -10.5M | -3.6M |
| Depreciation Amortization Depletion Income Statement | 91,000 | 94,000 | 46,000 | 31,000 |
| Depreciation Income Statement | 91,000 | 94,000 | 46,000 | 31,000 |
| Diluted NI Availto Com Stockholders | -38.8M | -23.6M | -14.6M | -3.2M |
| Gain On Sale Of Ppe | -- | -- | -- | 0.00 |
| Impairment Of Capital Assets | 4.7M | 2.7M | 3.2M | 0.00 |
| Net Income Continuous Operations | -38.8M | -23.6M | -14.6M | -3.2M |
| Net Non Operating Interest Income Expense | -12.3M | -6.5M | -3.2M | 6,000 |
| Other Gand A | 598,000 | 894,000 | 813,000 | 249,000 |
| Other Special Charges | 3.5M | -- | -- | -- |
| Reconciled Cost Of Revenue | 17.8M | 12.0M | 6.2M | 0.00 |
| Salaries And Wages | 8.3M | 9.1M | 5.0M | 1.6M |
| Selling And Marketing Expense | 151,000 | 305,000 | 490,000 | 289,000 |
| Total Expenses | 35.4M | 32.4M | 17.2M | 3.6M |
| Total Operating Income As Reported | -7.5M | -9.5M | -4.7M | -3.6M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 373,000 | 3.1M | 5.1M | 3.6M |
| Cash Cash Equivalents And Short Term Investments | 373,000 | 3.6M | 5.6M | 4.3M |
| Other Short Term Investments | 0.00 | 490,000 | 560,000 | 750,000 |
| Accounts Receivable | 846,000 | 980,000 | 1.6M | 0.00 |
| Receivables | 1.5M | 2.2M | 4.1M | 79,000 |
| Inventory | 8.9M | 17.1M | 18.3M | 0.00 |
| Prepaid Assets | 1.1M | 1.9M | 1.7M | 65,000 |
| Current Assets | 11.8M | 24.9M | 29.7M | 5.2M |
| Gross PPE | 73.8M | 69.7M | 67.6M | 14.8M |
| Accumulated Depreciation | -16.0M | -11.7M | -8.7M | -1.2M |
| Net PPE | 57.8M | 58.0M | 59.0M | 13.6M |
| Goodwill | 2.7M | 2.7M | 2.7M | 0.00 |
| Goodwill And Other Intangible Assets | 2.7M | 2.7M | 2.7M | 0.00 |
| Investments And Advances | -- | -- | -- | 0.00 |
| Other Non Current Assets | 4.9M | 5.6M | 10.4M | 846,000 |
| Total Non Current Assets | 65.4M | 66.3M | 72.1M | 14.4M |
| Total Assets | 77.2M | 91.2M | 101.8M | 19.7M |
| Current Debt | 39.9M | 6.9M | 4.7M | -- |
| Current Debt And Capital Lease Obligation | 40.3M | 7.4M | 5.2M | -- |
| Accounts Payable | 8.3M | 5.4M | 4.0M | 1.6M |
| Payables | 8.5M | 6.3M | 4.9M | 1.6M |
| Payables And Accrued Expenses | 9.0M | 6.9M | 5.0M | 1.6M |
| Current Accrued Expenses | 493,000 | 576,000 | 112,000 | 0.00 |
| Other Current Liabilities | -- | 500,000 | -- | -- |
| Current Liabilities | 49.3M | 14.8M | 10.3M | 1.6M |
| Long Term Debt | -- | 19.2M | 15.6M | -- |
| Long Term Debt And Capital Lease Obligation | 778,000 | 20.1M | 16.7M | -- |
| Long Term Capital Lease Obligation | 778,000 | 964,000 | 1.1M | 0.00 |
| Total Non Current Liabilities Net Minority Interest | 49.4M | 60.6M | 55.3M | 362,000 |
| Total Liabilities Net Minority Interest | 98.6M | 75.4M | 65.6M | 1.9M |
| Common Stock | 67.9M | 57.4M | 52.6M | 30.9M |
| Capital Stock | 67.9M | 57.4M | 52.6M | 30.9M |
| Additional Paid In Capital | 5.3M | 5.0M | 4.0M | 2.5M |
| Retained Earnings | -93.2M | -54.4M | -30.7M | -16.3M |
| Gains Losses Not Affecting Retained Earnings | -1.6M | -2.6M | -454,000 | 0.00 |
| Other Equity Adjustments | -1.6M | -2.6M | -454,000 | -- |
| Common Stock Equity | -21.4M | 15.8M | 36.2M | 17.7M |
| Stockholders Equity | -21.4M | 15.8M | 36.2M | 17.7M |
| Total Equity Gross Minority Interest | -21.4M | 15.8M | 36.2M | 17.7M |
| Total Capitalization | -21.4M | 34.9M | 51.8M | 17.7M |
| Net Tangible Assets | -24.1M | 13.1M | 33.5M | 17.7M |
| Tangible Book Value | -24.1M | 13.1M | 33.5M | 17.7M |
| Working Capital | -37.4M | 10.1M | 19.4M | 3.7M |
| Invested Capital | 18.5M | 41.9M | 56.5M | 17.7M |
| Total Debt | 41.1M | 27.5M | 21.9M | 0.00 |
| Net Debt | 39.5M | 23.0M | 15.2M | -- |
| Share Issued | 131.1M | 130.3M | 121.3M | 81.4M |
| Ordinary Shares Number | 131.1M | 130.3M | 121.3M | 81.4M |
| Buildings And Improvements | -- | -- | -- | 729,098 |
| Capital Lease Obligations | 1.2M | 1.5M | 1.6M | 0.00 |
| Construction In Progress | 20.1M | 19.0M | 18.0M | 0.00 |
| Current Capital Lease Obligation | 411,000 | 506,000 | 519,000 | 0.00 |
| Current Deferred Assets | -- | -- | 0.00 | 750,000 |
| Income Tax Payable | 188,000 | 962,000 | 961,000 | 0.00 |
| Investmentin Financial Assets | -- | -- | -- | 0.00 |
| Long Term Provisions | 6.8M | 6.4M | 6.6M | 362,000 |
| Non Current Deferred Liabilities | 41.8M | 34.1M | 32.0M | 0.00 |
| Non Current Deferred Revenue | 39.6M | 32.3M | 29.4M | 0.00 |
| Non Current Deferred Taxes Liabilities | 2.2M | 1.8M | 2.7M | 0.00 |
| Other Current Borrowings | 39.9M | 6.9M | 4.7M | -- |
| Other Equity Interest | 223,000 | 10.4M | 10.8M | 627,000 |
| Other Properties | 10.3M | 9.7M | 8.6M | 1.3M |
| Other Receivables | 3,000 | 18,000 | 35,000 | -- |
| Restricted Cash | -- | 0.00 | 7,000 | 0.00 |
| Taxes Receivable | 686,000 | 1.2M | 2.5M | 79,000 |
| Total Tax Payable | 188,000 | 962,000 | 961,000 | 0.00 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -1.2M | -4.7M | -10.5M | -1.4M |
| Cash Flow From Continuing Operating Activities | -1.2M | -4.7M | -10.5M | -1.4M |
| Depreciation And Amortization | -- | -- | -- | 31,496 |
| Depreciation Amortization Depletion | 5.3M | 3.2M | 2.8M | 31,000 |
| Stock Based Compensation | 556,000 | 1.3M | 1.7M | 844,000 |
| Deferred Tax | -10,000 | -613,000 | 524,000 | 0.00 |
| Deferred Income Tax | -10,000 | -613,000 | 524,000 | 0.00 |
| Change In Working Capital | 5.9M | 5.6M | -9.9M | 1.3M |
| Change In Receivables | 531,000 | 731,000 | -5.3M | -63,915 |
| Change In Inventory | 4.6M | 3.8M | -6.2M | 0.00 |
| Change In Payables And Accrued Expense | 758,000 | 1.1M | 1.6M | 1.4M |
| Other Non Cash Items | 15.9M | 6.4M | 3.1M | 15,517 |
| Capital Expenditure | -526,000 | -3.0M | -5.1M | -- |
| Purchase Of PPE | -526,000 | -3.0M | -5.1M | 0.00 |
| Net PPE Purchase And Sale | -526,000 | -3.0M | -5.1M | 0.00 |
| Purchase Of Business | -- | 0.00 | -45.6M | -619,000 |
| Sale Of Business | -- | -- | -- | 0.00 |
| Sale Of Investment | 400,000 | 220,000 | -- | -- |
| Net Investment Purchase And Sale | 400,000 | 220,000 | -- | -- |
| Investing Cash Flow | -563,000 | -4.5M | -51.6M | -1.3M |
| Cash Flow From Continuing Investing Activities | -563,000 | -4.5M | -51.6M | -1.3M |
| Issuance Of Debt | 0.00 | 3.9M | 19.7M | 0.00 |
| Repayment Of Debt | -1.1M | -2.2M | -3.7M | 0.00 |
| Net Issuance Payments Of Debt | -1.1M | 1.7M | 16.0M | 0.00 |
| Issuance Of Capital Stock | 0.00 | 2.2M | 21.4M | 2.8M |
| Net Common Stock Issuance | 0.00 | 2.2M | 21.4M | 2.8M |
| Financing Cash Flow | -1.0M | 7.3M | 63.4M | 5.1M |
| Cash Flow From Continuing Financing Activities | -1.0M | 7.3M | 63.4M | 5.1M |
| Effect Of Exchange Rate Changes | 5,000 | -98,000 | 199,000 | 0.00 |
| Changes In Cash | -2.7M | -1.9M | 1.3M | 2.4M |
| Beginning Cash Position | 3.1M | 5.1M | 3.6M | 1.2M |
| End Cash Position | 373,000 | 3.1M | 5.1M | 3.6M |
| Free Cash Flow | -1.7M | -7.7M | -15.6M | -1.4M |
| Asset Impairment Charge | 4.7M | 2.7M | 3.2M | 0.00 |
| Change In Prepaid Assets | -- | -- | -5.3M | -40,000 |
| Common Stock Issuance | 0.00 | 2.2M | 21.4M | 2.8M |
| Depreciation | -- | -- | -- | 31,496 |
| Gain Loss On Investment Securities | 90,000 | 70,000 | 190,000 | -414,000 |
| Gain Loss On Sale Of PPE | -- | -- | -- | 0.00 |
| Long Term Debt Issuance | 0.00 | 3.9M | 19.7M | 0.00 |
| Long Term Debt Payments | -1.1M | -2.2M | -3.7M | 0.00 |
| Net Business Purchase And Sale | -- | 0.00 | -45.6M | -619,000 |
| Net Foreign Currency Exchange Gain Loss | 5.1M | 29,000 | 2.2M | 0.00 |
| Net Income From Continuing Operations | -38.8M | -23.6M | -14.6M | -3.2M |
| Net Long Term Debt Issuance | -1.1M | 1.7M | 16.0M | 0.00 |
| Net Other Financing Charges | -- | 950,000 | 25.7M | -131,000 |
| Net Other Investing Changes | -437,000 | -1.7M | -819,000 | -678,000 |
| Operating Gains Losses | 5.2M | 99,000 | 2.4M | -414,000 |
| Proceeds From Stock Option Exercised | 100,000 | 2.5M | 349,000 | 2.4M |
| Provisionand Write Offof Assets | 90,000 | 186,000 | 356,000 | 16,000 |
| Sale Of PPE | -- | -- | -- | 0.00 |
| Unrealized Gain Loss On Investment Securities | -- | -- | -- | -413,685 |