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Northland Power Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Total Revenue 722.8M 554.5M 509.1M 648.5M 571.9M
Operating Revenue 713.9M 547.1M 497.2M 644.8M 559.1M
Cost Of Revenue -- -- -- 64.4M --
Gross Profit -- -- -- 584.1M --
Selling General And Administration 33.3M 29.9M 28.0M 27.5M 27.2M
General And Administrative Expense 33.3M 29.9M 28.0M 27.5M 27.2M
Research And Development 20.6M 16.7M 13.2M 13.4M 19.5M
Depreciation And Amortization In Income Statement 176.1M 185.6M 181.7M 172.1M 163.5M
Other Operating Expenses 207.0M 197.3M 169.4M 113.2M 301.0M
Operating Expense 437.0M 429.5M 392.3M 326.3M 511.3M
Operating Income 285.9M 125.0M 116.8M 257.9M 209.7M
EBIT 449.0M -490.0M -30.7M 240.5M 301.9M
Interest Expense 73.4M 82.7M 87.6M 74.3M 84.9M
Interest Expense Non Operating 73.4M 82.7M 87.6M 74.3M 84.9M
Interest Income 13.3M 16.7M 16.5M 15.6M 19.9M
Interest Income Non Operating 13.3M 16.7M 16.5M 15.6M 19.9M
Net Interest Income -66.8M -72.3M -77.5M -65.3M -72.8M
Other Income Expense 156.5M -625.3M -157.6M -26.4M 80.3M
Other Non Operating Income Expenses -2.3M -575,000 -4.7M 11.2M 722,000
Special Income Charges -630,000 -526.5M 0.00 0.00 53.0M
Write Off 630,000 526.5M -- -- --
Gain On Sale Of Security 41.3M -120.5M -130.6M -113.0M 3.4M
Earnings From Equity Interest 118.2M 22.3M -22.3M 75.4M 23.1M
Pretax Income 375.6M -572.7M -118.3M 166.2M 217.1M
Tax Provision 85.8M -116.8M -65.1M 55.3M 66.6M
Tax Effect Of Unusual Items 9.3M -132.0M -19.6M -37.6M 17.3M
Net Income From Continuing And Discontinued Operation 245.3M -412.7M -62.7M 66.8M 128.3M
Net Income From Continuing Operation Net Minority Interest 245.3M -412.7M -62.7M 66.8M 128.3M
Net Income Including Noncontrolling Interests 289.8M -455.8M -53.1M 110.8M 150.5M
Minority Interests -44.5M 43.2M -9.6M -44.0M -22.2M
Net Income Common Stockholders 243.2M -414.0M -64.1M 65.4M 126.8M
Net Income 245.3M -412.7M -62.7M 66.8M 128.3M
EBITDA 625.1M -304.4M 151.1M 412.6M 465.5M
Normalized EBITDA 584.4M 342.7M 281.7M 525.6M 409.0M
Reconciled Depreciation 176.1M 185.6M 181.7M 172.1M 163.5M
Basic EPS -- -1.58 -0.25 0.25 --
Diluted EPS -- -1.58 -0.25 0.25 --
Basic Average Shares -- 261.5M 261.5M 260.7M --
Diluted Average Shares -- 261.5M 261.5M 260.7M --
Total Unusual Items 40.7M -647.1M -130.6M -113.0M 56.4M
Total Unusual Items Excluding Goodwill 40.7M -647.1M -130.6M -113.0M 56.4M
Tax Rate For Calcs 0.23 0.20 0.15 0.33 0.31
Normalized Income 213.9M 102.4M 48.3M 142.2M 89.2M
Amortization 16.0M 16.2M 15.7M 14.8M 14.7M
Amortization Of Intangibles Income Statement 16.0M 16.2M 15.7M 14.8M 14.7M
Depreciation Amortization Depletion Income Statement 176.1M 185.6M 181.7M 172.1M 163.5M
Depreciation Income Statement 160.2M 169.4M 166.1M 157.3M 148.8M
Diluted NI Availto Com Stockholders 243.2M -414.0M -64.1M 65.4M 126.8M
Gain On Sale Of Business 0.00 0.00 0.00 -- 0.00
Impairment Of Capital Assets -- -- -- 0.00 --
Net Income Continuous Operations 289.8M -455.8M -53.1M 110.8M 150.5M
Net Non Operating Interest Income Expense -66.8M -72.3M -77.5M -65.3M -72.8M
Other Gand A 33.3M 29.9M 28.0M 27.5M 27.2M
Preferred Stock Dividends 2.1M 1.4M 1.4M 1.4M 1.5M
Reconciled Cost Of Revenue -- -- -- 64.4M --
Total Expenses 437.0M 429.5M 392.3M 390.6M 362.2M
Total Operating Income As Reported 290.5M -396.3M 122.1M 263.1M 216.6M
Total Other Finance Cost 6.7M 6.3M 6.3M 6.6M 7.9M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Cash And Cash Equivalents 643.3M 842.2M 737.5M 827.7M 613.3M
Cash Cash Equivalents And Short Term Investments 643.3M 842.2M 737.5M 827.7M 613.3M
Accounts Receivable 304.8M 442.5M 285.7M 524.2M 272.9M
Receivables 395.7M 442.5M 285.7M 524.2M 536.0M
Other Current Assets 114.1M 119.5M 113.1M 106.0M 119.7M
Current Assets 1.2B 1.5B 1.2B 1.6B 1.4B
Gross PPE 14.3B 8.4B 9.0B 9.0B 13.6B
Accumulated Depreciation -6.2B -- -- -- -4.7B
Net PPE 8.2B 8.4B 9.0B 9.0B 8.9B
Goodwill 669.2M 657.0M 627.1M 643.4M 617.6M
Goodwill And Other Intangible Assets 1.1B 1.0B 1.0B 1.0B 1.0B
Other Intangible Assets 392.6M 378.2M 400.1M 404.0M 393.9M
Investments And Advances 1.2B 1.2B 1.1B 1.1B 1.0B
Long Term Equity Investment 1.2B 1.2B 1.1B 1.1B 1.0B
Other Non Current Assets 149.3M 965.1M 971.6M 964.0M 18.1M
Total Non Current Assets 12.0B 11.9B 12.5B 12.5B 12.2B
Total Assets 13.2B 13.4B 13.7B 14.1B 13.6B
Current Debt 787.4M 998.7M 989.9M 1.1B 878.6M
Current Debt And Capital Lease Obligation 787.4M 998.7M 989.9M 1.1B 878.6M
Accounts Payable 74.8M 107.2M 104.3M 159.9M 169.0M
Payables 171.5M 355.5M 285.6M 436.8M 275.5M
Payables And Accrued Expenses 299.5M 355.5M 285.6M 436.8M 379.5M
Current Accrued Expenses 128.0M -- -- -- 104.0M
Other Current Liabilities 56.5M 99.7M 74.9M 98.5M 73.0M
Current Liabilities 1.1B 1.5B 1.4B 1.7B 1.3B
Long Term Debt 6.1B 6.1B 6.0B 6.2B 6.3B
Long Term Debt And Capital Lease Obligation 6.1B 6.1B 6.0B 6.2B 6.3B
Other Non Current Liabilities 701.3M 702.1M 683.8M 667.5M 648.4M
Total Non Current Liabilities Net Minority Interest 7.7B 7.7B 7.6B 7.7B 7.7B
Total Liabilities Net Minority Interest 8.8B 9.2B 9.0B 9.3B 9.0B
Common Stock 5.2B 5.2B 5.2B 5.2B 5.2B
Capital Stock 5.4B 5.4B 5.4B 5.4B 5.3B
Additional Paid In Capital 7.3M 7.2M 6.5M 6.5M 6.3M
Retained Earnings -1.7B -1.9B -1.4B -1.2B -1.2B
Gains Losses Not Affecting Retained Earnings 363.6M 399.4M 292.3M 209.5M 43.6M
Other Equity Adjustments 363.6M 399.4M 292.3M 209.5M 43.6M
Common Stock Equity 3.9B 3.8B 4.2B 4.2B 4.0B
Stockholders Equity 4.1B 3.9B 4.3B 4.4B 4.2B
Total Equity Gross Minority Interest 4.4B 4.2B 4.7B 4.8B 4.6B
Minority Interest 363.3M 325.2M 432.2M 413.0M 370.3M
Total Capitalization 10.1B 10.0B 10.4B 10.5B 10.5B
Net Tangible Assets 3.0B 2.9B 3.3B 3.3B 3.2B
Tangible Book Value 2.9B 2.7B 3.1B 3.2B 3.0B
Working Capital 83.7M 44.7M -122.0M -87.5M 61.0M
Invested Capital 10.8B 10.9B 11.2B 11.5B 11.2B
Total Debt 6.9B 7.1B 7.0B 7.3B 7.2B
Net Debt 6.2B 6.3B 6.3B 6.4B 6.6B
Share Issued 261.5M 261.5M 261.5M 261.5M 259.9M
Ordinary Shares Number 261.5M 261.5M 261.5M 261.5M 259.9M
Construction In Progress 136.9M 121.5M 85.4M 687.6M 671.4M
Derivative Product Liabilities 393.6M 417.1M 355.0M 265.0M 187.4M
Dividends Payable 16.4M 26.8M 26.8M 26.8M 26.7M
Financial Assets 239.5M 174.0M 183.0M 240.6M 248.9M
Hedging Assets Current 38.4M 36.0M 36.5M 49.7M 64.0M
Interest Payable -- -- -- -- 0.00
Investmentsin Joint Venturesat Cost 1.2B 1.2B 1.1B 1.1B 1.0B
Non Current Accounts Receivable 163.7M 108.8M 110.5M 112.2M 165.3M
Non Current Deferred Assets 123.7M 128.6M 34.1M 34.6M 38.2M
Non Current Deferred Liabilities 504.3M 485.8M 518.3M 566.9M 557.8M
Non Current Deferred Taxes Assets 123.7M 128.6M 34.1M 34.6M 38.2M
Non Current Deferred Taxes Liabilities 504.3M 485.8M 518.3M 566.9M 557.8M
Non Current Note Receivables 783.3M -- -- -- 682.1M
Non Current Prepaid Assets 81.6M -- -- -- 146.0M
Other Current Borrowings 787.4M 998.7M 989.9M 1.1B 878.6M
Other Payable 15.9M 175.7M 122.2M 156.8M 15.3M
Other Properties 14.2B 8.2B 8.9B 8.3B 12.9B
Other Receivables 79.4M -- -- -- 255.3M
Preferred Shares Number 6.0M 6.0M 6.0M 6.0M 6.0M
Preferred Stock 144.8M 144.8M 144.8M 144.8M 144.8M
Preferred Stock Equity 144.8M 144.8M 144.8M 144.8M 144.8M
Restricted Cash 35.6M 58.3M 55.6M 57.8M 59.1M
Taxes Receivable 11.5M -- -- -- 7.8M
Total Tax Payable 64.4M 45.7M 32.3M 93.2M 64.5M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Operating Cash Flow 227.2M 325.1M 451.1M 422.8M 359.6M
Cash Flow From Continuing Operating Activities 227.2M 325.1M 451.1M 422.8M 359.6M
Depreciation And Amortization 176.1M 185.6M 181.7M 172.1M 163.5M
Depreciation Amortization Depletion 176.1M 185.6M 181.7M 172.1M 163.5M
Deferred Tax 21.5M -134.9M -48.6M 1.8M 1.2M
Deferred Income Tax 21.5M -134.9M -48.6M 1.8M 1.2M
Change In Working Capital -174.2M 27.9M 134.6M 39.8M 43.3M
Other Non Cash Items 74.7M 78.6M 83.2M 60.0M 26.1M
Capital Expenditure -51.7M -34.7M -27.0M -22.2M -42.4M
Purchase Of PPE -51.7M -34.7M -27.0M -22.2M -42.4M
Net PPE Purchase And Sale -51.7M -34.7M -27.0M -22.2M -42.4M
Purchase Of Business -28.7M 0.00 0.00 0.00 0.00
Sale Of Business 0.00 0.00 0.00 -- 42.1M
Investing Cash Flow -41.2M -28.7M -19.0M -10.4M 74.0M
Cash Flow From Continuing Investing Activities -41.2M -28.7M -19.0M -10.4M 74.0M
Issuance Of Debt 468.7M 304.8M 33.9M 58.7M 356.7M
Repayment Of Debt -678.1M -279.5M -376.0M -137.0M -580.7M
Net Issuance Payments Of Debt -209.4M 25.2M -342.1M -78.3M -224.0M
Issuance Of Capital Stock -- -- -- -- 0.00
Net Common Stock Issuance -- -- -- -- 0.00
Common Stock Dividend Paid -78.5M -78.5M -78.5M -50.7M -49.3M
Financing Cash Flow -380.1M -200.9M -529.7M -212.4M -418.8M
Cash Flow From Continuing Financing Activities -380.1M -200.9M -529.7M -212.4M -418.8M
Effect Of Exchange Rate Changes -4.8M 9.3M 7.5M 14.4M 2.3M
Changes In Cash -194.1M 95.4M -97.7M 200.0M 14.8M
Beginning Cash Position 842.2M 737.5M 827.7M 613.3M 596.2M
End Cash Position 643.3M 842.2M 737.5M 827.7M 613.3M
Free Cash Flow 175.5M 290.4M 424.1M 400.6M 317.3M
Amortization Cash Flow 16.0M 16.2M 15.7M 14.8M 14.7M
Amortization Of Intangibles 16.0M 16.2M 15.7M 14.8M 14.7M
Asset Impairment Charge 630,000 526.5M -- -- --
Cash Dividends Paid -80.6M -79.8M -79.8M -52.1M -50.8M
Common Stock Issuance -- -- -- -- 0.00
Depreciation 160.2M 169.4M 166.1M 157.3M 148.8M
Earnings Losses From Equity Investments -118.2M -22.3M 22.3M -75.4M -23.1M
Gain Loss On Investment Securities -- -- 144.4M 143.5M --
Gain Loss On Sale Of Business 0.00 0.00 0.00 -- 0.00
Interest Paid Cff -86.2M -67.4M -106.3M -54.1M -129.1M
Long Term Debt Issuance 468.7M 304.8M 33.9M 58.7M 356.7M
Long Term Debt Payments -678.1M -279.5M -376.0M -137.0M -580.7M
Net Business Purchase And Sale -28.7M 0.00 0.00 0.00 42.1M
Net Foreign Currency Exchange Gain Loss 6.3M -20.7M -13.4M -29.9M 7.9M
Net Income From Continuing Operations 289.8M -455.8M -53.1M 110.8M 150.5M
Net Long Term Debt Issuance -209.4M 25.2M -342.1M -78.3M -224.0M
Net Other Financing Charges -3.9M -79.0M -1.5M -27.9M -15.0M
Net Other Investing Changes 39.1M 6.0M 8.0M 11.8M 74.3M
Operating Gains Losses -111.8M -43.0M 153.3M 38.3M -15.2M
Preferred Stock Dividend Paid -2.1M -1.4M -1.4M -1.4M -1.5M
Unrealized Gain Loss On Investment Securities -49.6M 140.2M -- -- -9.8M
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