North American Construction Group Ltd.
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 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 317.2M | 320.6M | 340.8M | 305.6M | 286.9M | -- |
| Operating Revenue | 317.2M | 320.6M | 340.8M | 305.6M | 286.9M | -- |
| Cost Of Revenue | 267.5M | 284.8M | 302.9M | 263.6M | 220.9M | -- |
| Gross Profit | 49.7M | 35.8M | 37.9M | 42.0M | 65.9M | -- |
| Selling General And Administration | 12.9M | 12.7M | 7.7M | 19.3M | 10.6M | -- |
| General And Administrative Expense | 12.9M | 12.7M | 7.7M | 19.3M | 10.6M | -- |
| Depreciation And Amortization In Income Statement | 366,000 | 489,000 | 601,000 | -- | 322,000 | 308,000 |
| Operating Expense | 13.2M | 13.2M | 8.3M | 19.3M | 10.9M | -- |
| Operating Income | 36.5M | 22.7M | 29.6M | 22.7M | 55.0M | -- |
| EBIT | 38.0M | 29.5M | 23.3M | 18.1M | 35.7M | -- |
| Interest Expense | 14.5M | 13.4M | 12.9M | 13.7M | 14.2M | -- |
| Interest Expense Non Operating | 14.5M | 13.4M | 12.9M | 13.7M | 14.2M | -- |
| Net Interest Income | -15.3M | -14.1M | -13.5M | -14.4M | -15.0M | -- |
| Other Income Expense | 2.3M | 7.5M | -5.7M | -3.8M | -18.5M | -- |
| Special Income Charges | -1.2M | 13.3M | -2.1M | -14.4M | -22.3M | -- |
| Restructuring And Mergern Acquisition | 505,000 | -13.2M | 3.0M | 14.3M | 22.0M | -- |
| Gain On Sale Of Security | -1.7M | -750,000 | -6.9M | 4.8M | -572,000 | -- |
| Earnings From Equity Interest | 5.2M | -5.1M | 3.3M | 5.8M | 4.4M | -- |
| Pretax Income | 23.5M | 16.0M | 10.4M | 4.4M | 21.5M | -- |
| Tax Provision | 6.2M | 5.8M | 4.2M | -375,000 | 7.0M | -- |
| Tax Effect Of Unusual Items | -775,547 | 4.5M | -1.3M | -1.4M | -7.5M | -- |
| Net Income From Continuing And Discontinued Operation | 17.3M | 10.2M | 6.2M | 4.8M | 14.5M | -- |
| Net Income From Continuing Operation Net Minority Interest | 17.3M | 10.2M | 6.2M | 4.8M | 14.5M | -- |
| Net Income Including Noncontrolling Interests | 17.3M | 10.2M | 6.2M | 4.8M | 14.5M | -- |
| Net Income Common Stockholders | 17.3M | 10.2M | 6.2M | 4.8M | 14.5M | -- |
| Net Income | 17.3M | 10.2M | 6.2M | 4.8M | 14.5M | -- |
| EBITDA | 87.5M | 84.0M | 84.1M | 62.9M | 79.6M | -- |
| Normalized EBITDA | 90.4M | 71.4M | 93.0M | 72.5M | 102.5M | -- |
| Reconciled Depreciation | 49.5M | 54.5M | 60.7M | 44.8M | 43.9M | -- |
| Basic EPS | 0.59 | 0.35 | 0.22 | -- | 0.54 | 0.54 |
| Diluted EPS | 0.56 | 0.33 | 0.21 | -- | 0.48 | 0.48 |
| Basic Average Shares | 29.2M | 29.4M | 27.9M | -- | 26.8M | 26.7M |
| Diluted Average Shares | 32.3M | 32.6M | 28.9M | -- | 32.6M | 33.0M |
| Total Unusual Items | -2.9M | 12.6M | -9.0M | -9.6M | -22.9M | -- |
| Total Unusual Items Excluding Goodwill | -2.9M | 12.6M | -9.0M | -9.6M | -22.9M | -- |
| Tax Rate For Calcs | 0.26 | 0.36 | 0.15 | 0.15 | 0.33 | -- |
| Normalized Income | 19.4M | 2.2M | 13.8M | 13.0M | 29.9M | -- |
| Amortization | 366,000 | 489,000 | 601,000 | -- | 322,000 | 308,000 |
| Amortization Of Intangibles Income Statement | 366,000 | 489,000 | 601,000 | -- | 322,000 | 308,000 |
| Average Dilution Earnings | 624,000 | 616,000 | 0.00 | 1.5M | 1.5M | -- |
| Depreciation Amortization Depletion Income Statement | 366,000 | 489,000 | 601,000 | -- | 322,000 | 308,000 |
| Diluted NI Availto Com Stockholders | 17.9M | 10.9M | 6.2M | 6.3M | 16.0M | -- |
| Gain On Sale Of Ppe | -740,000 | 110,000 | 974,000 | -126,000 | -348,000 | -- |
| Net Income Continuous Operations | 17.3M | 10.2M | 6.2M | 4.8M | 14.5M | -- |
| Net Non Operating Interest Income Expense | -15.3M | -14.1M | -13.5M | -14.4M | -15.0M | -- |
| Other Gand A | 12.9M | 12.7M | 7.7M | 19.3M | 10.6M | -- |
| Reconciled Cost Of Revenue | 218.4M | 230.8M | 242.8M | 263.6M | 177.4M | -- |
| Rent Expense Supplemental | 6.9M | 5.8M | 6.9M | 7.3M | 6.8M | -- |
| Total Expenses | 280.8M | 298.0M | 311.2M | 282.9M | 231.9M | -- |
| Total Operating Income As Reported | 35.7M | 22.8M | 30.6M | 22.5M | 54.6M | -- |
| Total Other Finance Cost | 776,000 | 692,000 | 582,000 | 697,000 | 780,000 | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 101.6M | 79.0M | 78.2M | 77.9M | 77.7M | -- |
| Cash Cash Equivalents And Short Term Investments | 101.6M | 79.0M | 78.2M | 77.9M | 77.7M | -- |
| Cash Financial | 101.6M | 79.0M | 78.2M | 77.9M | 77.7M | -- |
| Accounts Receivable | 144.7M | 162.9M | 156.9M | 141.3M | 134.9M | -- |
| Receivables | 188.1M | 211.0M | 206.5M | 170.2M | 174.3M | -- |
| Inventory | 74.2M | 74.2M | 74.2M | 74.1M | 77.2M | -- |
| Prepaid Assets | 8.7M | 5.5M | 6.5M | 7.7M | 8.5M | -- |
| Current Assets | 372.8M | 370.4M | 366.3M | 330.5M | 345.0M | -- |
| Gross PPE | 2.0B | 1.9B | 1.8B | 1.7B | 1.7B | -- |
| Accumulated Depreciation | -576.4M | -539.5M | -503.5M | -482.0M | -474.7M | -- |
| Net PPE | 1.4B | 1.4B | 1.3B | 1.3B | 1.2B | -- |
| Goodwill | -- | -- | -- | 520,000 | -- | -- |
| Goodwill And Other Intangible Assets | 10.7M | 10.2M | 10.1M | 10.4M | 10.1M | -- |
| Other Intangible Assets | -- | -- | -- | 9.9M | -- | -- |
| Investments And Advances | 85.4M | 79.2M | 86.3M | 84.7M | 85.2M | -- |
| Long Term Equity Investment | 85.4M | 79.2M | 86.3M | 84.7M | 85.2M | -- |
| Other Non Current Assets | 5.5M | 5.8M | 5.6M | -- | 5.1M | 5.7M |
| Total Non Current Assets | 1.5B | 1.5B | 1.4B | 1.4B | 1.3B | -- |
| Total Assets | 1.9B | 1.8B | 1.8B | 1.7B | 1.7B | -- |
| Current Debt | 152.4M | 149.5M | 150.3M | 92.5M | 94.5M | -- |
| Current Debt And Capital Lease Obligation | 154.0M | 151.0M | 151.8M | 94.3M | 96.3M | -- |
| Accounts Payable | 122.7M | 143.0M | 138.7M | 110.8M | 123.1M | -- |
| Payables | 122.7M | 143.0M | 138.7M | 134.2M | 123.1M | -- |
| Payables And Accrued Expenses | 200.1M | 204.0M | 198.2M | 180.4M | 170.8M | -- |
| Current Accrued Expenses | 77.4M | 61.0M | 59.5M | 46.1M | 47.7M | -- |
| Current Deferred Revenue | 22.9M | 6.4M | 6.7M | 1.9M | 300,000 | -- |
| Other Current Liabilities | 31.4M | 33.0M | 40.1M | 39.3M | 37.6M | -- |
| Current Liabilities | 408.4M | 394.5M | 396.8M | 315.9M | 305.1M | -- |
| Long Term Debt | 746.9M | 723.1M | 663.6M | 719.4M | 723.5M | -- |
| Long Term Debt And Capital Lease Obligation | 756.8M | 733.3M | 674.2M | 730.8M | 735.5M | -- |
| Long Term Capital Lease Obligation | 9.9M | 10.3M | 10.6M | 11.4M | 12.0M | -- |
| Other Non Current Liabilities | 96.4M | 106.7M | 133.9M | 90.2M | 143.5M | -- |
| Total Non Current Liabilities Net Minority Interest | 992.3M | 972.5M | 935.7M | 989.5M | 997.1M | -- |
| Total Liabilities Net Minority Interest | 1.4B | 1.4B | 1.3B | 1.3B | 1.3B | -- |
| Common Stock | 288.5M | 295.1M | 298.9M | 229.0M | 229.5M | -- |
| Capital Stock | 288.5M | 295.1M | 298.9M | 229.0M | 229.5M | -- |
| Additional Paid In Capital | 7.7M | 16.8M | 20.9M | 20.8M | 22.5M | -- |
| Retained Earnings | 179.6M | 165.7M | 158.9M | 156.1M | 154.4M | -- |
| Treasury Stock | 14.7M | 16.2M | 16.0M | 15.9M | 15.8M | -- |
| Gains Losses Not Affecting Retained Earnings | 10.0M | -1.2M | -624,000 | -1.1M | 1.3M | -- |
| Other Equity Adjustments | 10.0M | -1.2M | -624,000 | -1.1M | 1.3M | -- |
| Common Stock Equity | 471.1M | 460.2M | 461.9M | 388.9M | 391.9M | -- |
| Stockholders Equity | 471.1M | 460.2M | 461.9M | 388.9M | 391.9M | -- |
| Total Equity Gross Minority Interest | 471.1M | 460.2M | 461.9M | 388.9M | 391.9M | -- |
| Total Capitalization | 1.2B | 1.2B | 1.1B | 1.1B | 1.1B | -- |
| Net Tangible Assets | 460.4M | 450.1M | 451.9M | 378.5M | 381.9M | -- |
| Tangible Book Value | 460.4M | 450.1M | 451.9M | 378.5M | 381.9M | -- |
| Working Capital | -35.7M | -24.1M | -30.5M | 14.7M | 39.9M | -- |
| Invested Capital | 1.4B | 1.3B | 1.3B | 1.2B | 1.2B | -- |
| Total Debt | 910.8M | 884.4M | 826.0M | 825.1M | 831.8M | -- |
| Net Debt | 797.7M | 793.6M | 735.7M | 734.0M | 740.3M | -- |
| Share Issued | 29.4M | 30.2M | 30.6M | 27.7M | 27.8M | -- |
| Ordinary Shares Number | 28.6M | 29.2M | 29.6M | 26.7M | 26.8M | -- |
| Assets Held For Sale Current | 112,000 | 683,000 | 782,000 | 683,000 | 7.4M | -- |
| Buildings And Improvements | -- | -- | -- | 45.5M | -- | -- |
| Capital Lease Obligations | 11.5M | 11.8M | 12.1M | 13.2M | 13.9M | -- |
| Construction In Progress | -- | -- | -- | 118.8M | -- | -- |
| Current Capital Lease Obligation | 1.6M | 1.5M | 1.5M | 1.8M | 1.9M | -- |
| Current Deferred Liabilities | 22.9M | 6.4M | 6.7M | 1.9M | 300,000 | -- |
| Dividends Payable | -- | -- | -- | 3.0M | -- | -- |
| Employee Benefits | -- | -- | -- | 24.1M | -- | -- |
| Financial Assets | -- | -- | -- | 4.0M | -- | -- |
| Land And Improvements | -- | -- | -- | 10.5M | -- | -- |
| Machinery Furniture Equipment | -- | -- | -- | 37.9M | -- | -- |
| Non Current Deferred Assets | -- | -- | -- | 4.8M | -- | -- |
| Non Current Deferred Liabilities | 139.1M | 132.4M | 127.6M | 144.4M | 118.1M | -- |
| Non Current Deferred Revenue | -- | -- | -- | 19.0M | -- | -- |
| Non Current Deferred Taxes Liabilities | 139.1M | 132.4M | 127.6M | 125.4M | 118.1M | -- |
| Non Current Note Receivables | -- | -- | -- | 112,000 | -- | -- |
| Non Current Prepaid Assets | -- | -- | -- | 416,000 | -- | -- |
| Other Current Borrowings | 152.4M | 149.5M | 150.3M | 92.5M | 94.5M | -- |
| Other Properties | 2.0B | 1.9B | 1.8B | 1.5B | 1.7B | -- |
| Other Receivables | 43.4M | 48.1M | 49.7M | 28.9M | 39.4M | -- |
| Properties | -- | -- | -- | 0.00 | -- | -- |
| Raw Materials | 74.0M | 73.6M | 73.6M | 73.1M | 75.7M | -- |
| Total Tax Payable | -- | -- | -- | 20.4M | -- | -- |
| Treasury Shares Number | 873,970 | 1.0M | 1.0M | 1.0M | 996,435 | -- |
| Work In Process | 209,000 | 598,000 | 633,000 | 1.0M | 1.4M | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 91.8M | 64.7M | 51.4M | 98.5M | 55.3M | -- |
| Cash Flow From Continuing Operating Activities | 91.8M | 64.7M | 51.4M | 98.5M | 55.3M | -- |
| Depreciation And Amortization | 49.5M | 54.5M | 60.7M | 44.8M | 43.9M | -- |
| Depreciation Amortization Depletion | 49.5M | 54.5M | 60.7M | 44.8M | 43.9M | -- |
| Stock Based Compensation | -156,000 | 964,000 | -3.4M | 5.6M | 1.3M | -- |
| Deferred Tax | 6.0M | 5.0M | 2.5M | 7.9M | 4.5M | -- |
| Deferred Income Tax | 6.0M | 5.0M | 2.5M | 7.9M | 4.5M | -- |
| Change In Working Capital | 19.5M | 788,000 | -24.5M | 39.0M | -31.3M | -- |
| Changes In Account Receivables | 21.2M | -8.6M | -20.0M | -10.0M | -14.2M | -- |
| Change In Receivables | 24.7M | -4.5M | -35.5M | 1.9M | -17.3M | -- |
| Change In Inventory | 516,000 | -296,000 | -4.8M | 6.3M | -7.8M | -- |
| Change In Payables And Accrued Expense | -5.3M | 4.9M | 9.8M | 26.0M | -6.9M | -- |
| Change In Payable | -21.1M | 3.0M | 27.4M | -7.5M | 1.4M | -- |
| Change In Other Working Capital | 2.7M | -352,000 | 5.0M | 4.6M | 1.5M | -- |
| Other Non Cash Items | 1.2M | -12.0M | 4.3M | 5.9M | 20.8M | -- |
| Capital Expenditure | -66.8M | -75.2M | -93.8M | -76.6M | -69.7M | -- |
| Purchase Of PPE | -66.1M | -74.7M | -93.1M | -76.4M | -67.4M | -- |
| Net PPE Purchase And Sale | -63.7M | -73.4M | -91.0M | -73.9M | -58.0M | -- |
| Purchase Of Business | -- | -- | -- | -3.9M | 0.00 | 0.00 |
| Sale Of Investment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Investment Purchase And Sale | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Investing Cash Flow | -65.9M | -71.8M | -93.8M | -75.8M | -65.9M | -- |
| Cash Flow From Continuing Investing Activities | -65.9M | -71.8M | -93.8M | -75.8M | -65.9M | -- |
| Issuance Of Debt | 52.7M | 468.3M | 97.2M | 33.2M | 50.0M | -- |
| Repayment Of Debt | -38.3M | -420.6M | -46.8M | -28.7M | -25.3M | -- |
| Net Issuance Payments Of Debt | 14.4M | 47.7M | 50.3M | 4.4M | 24.7M | -- |
| Repurchase Of Capital Stock | -16.6M | -9.6M | -2.6M | -4.4M | -2.1M | -- |
| Net Common Stock Issuance | -16.6M | -9.6M | -2.6M | -4.4M | -2.1M | -- |
| Common Stock Dividend Paid | -3.4M | -3.6M | -3.0M | -2.7M | -2.6M | -- |
| Common Stock Payments | -16.6M | -9.6M | -2.6M | -4.4M | -2.1M | -- |
| Financing Cash Flow | -5.6M | 7.0M | 43.8M | -22.4M | 20.0M | -- |
| Cash Flow From Continuing Financing Activities | -5.6M | 7.0M | 43.8M | -22.4M | 20.0M | -- |
| Effect Of Exchange Rate Changes | 2.3M | 915,000 | -1.1M | -155,000 | -73,000 | -- |
| Changes In Cash | 20.3M | -131,000 | 1.4M | 360,000 | 9.4M | -- |
| Beginning Cash Position | 79.0M | 78.2M | 77.9M | 77.7M | 68.3M | -- |
| End Cash Position | 101.6M | 79.0M | 78.2M | 77.9M | 77.7M | -- |
| Free Cash Flow | 25.0M | -10.6M | -42.4M | 21.9M | -14.4M | -- |
| Income Tax Paid Supplemental Data | 201,000 | 2.4M | 3.8M | 318,000 | 9.3M | -- |
| Interest Paid Supplemental Data | 13.5M | 12.5M | 16.2M | 30.5M | 11.0M | -- |
| Cash Dividends Paid | -3.4M | -3.6M | -3.0M | -2.7M | -2.6M | -- |
| Change In Account Payable | -21.1M | 3.0M | 27.4M | -7.5M | 1.4M | -- |
| Change In Accrued Expense | 15.8M | 1.9M | -17.7M | 33.5M | -8.3M | -- |
| Change In Prepaid Assets | -3.0M | 987,000 | 1.1M | 320,000 | -763,000 | -- |
| Depreciation | 49.5M | 54.5M | 60.7M | 44.8M | 43.9M | -- |
| Dividend Received Cfo | 94,000 | 87,000 | 1.1M | 3.8M | 82,000 | -- |
| Earnings Losses From Equity Investments | -5.2M | 5.1M | -3.3M | -5.8M | -4.4M | -- |
| Gain Loss On Investment Securities | 1.7M | 750,000 | 6.9M | -4.8M | 572,000 | -- |
| Gain Loss On Sale Of PPE | 740,000 | -110,000 | -974,000 | 126,000 | 348,000 | -- |
| Long Term Debt Issuance | 52.7M | 468.3M | 97.2M | 33.2M | 50.0M | -- |
| Long Term Debt Payments | -38.3M | -420.6M | -46.8M | -28.7M | -25.3M | -- |
| Net Business Purchase And Sale | -- | -- | -- | -3.9M | 0.00 | 0.00 |
| Net Foreign Currency Exchange Gain Loss | 1.2M | -637,000 | 2.0M | -- | 5.0M | 6.4M |
| Net Income From Continuing Operations | 17.3M | 10.2M | 6.2M | 4.8M | 14.5M | -- |
| Net Intangibles Purchase And Sale | -728,000 | -586,000 | -713,000 | -246,000 | -2.3M | -- |
| Net Long Term Debt Issuance | 14.4M | 47.7M | 50.3M | 4.4M | 24.7M | -- |
| Net Other Financing Charges | -48,000 | -27.5M | -865,000 | -19.8M | -13,000 | -- |
| Net Other Investing Changes | -1.5M | 2.2M | -2.1M | 2.2M | -5.6M | -- |
| Operating Gains Losses | -1.6M | 5.1M | 4.6M | -13.3M | 1.5M | -- |
| Purchase Of Intangibles | -728,000 | -586,000 | -713,000 | -246,000 | -2.3M | -- |
| Sale Of PPE | 2.4M | 1.2M | 2.1M | 2.5M | 9.5M | -- |