Premium Brands Holdings 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 | 6.5B | 6.3B | 6.0B | 4.9B |
| Operating Revenue | 6.5B | 6.3B | 6.0B | 4.9B |
| Cost Of Revenue | 5.2B | 5.1B | 4.9B | 4.0B |
| Gross Profit | 1.3B | 1.2B | 1.1B | 901.9M |
| Selling General And Administration | 752.1M | 710.2M | 661.3M | 524.9M |
| General And Administrative Expense | 752.1M | 710.2M | 661.3M | 524.9M |
| Depreciation And Amortization In Income Statement | 179.5M | 160.0M | 160.3M | 134.8M |
| Other Operating Expenses | -19.3M | 2.2M | -15.0M | 7.3M |
| Operating Expense | 912.3M | 872.4M | 806.6M | 667.0M |
| Operating Income | 380.3M | 336.0M | 297.1M | 234.9M |
| EBIT | 366.0M | 308.5M | 305.2M | 243.0M |
| Interest Expense | 197.6M | 175.3M | 103.7M | 58.8M |
| Interest Expense Non Operating | 197.6M | 175.3M | 103.7M | 58.8M |
| Interest Income | 53.2M | 60.9M | 61.8M | 53.7M |
| Interest Income Non Operating | 53.2M | 60.9M | 61.8M | 53.7M |
| Net Interest Income | -146.1M | -116.4M | -44.1M | -6.8M |
| Other Income Expense | -65.8M | -86.4M | -51.5M | -43.9M |
| Other Non Operating Income Expenses | 3.6M | -1.5M | -700,000 | -- |
| Special Income Charges | -44.0M | -49.7M | -33.4M | -5.6M |
| Restructuring And Mergern Acquisition | 44.0M | 49.7M | 33.4M | 5.6M |
| Gain On Sale Of Security | 20.0M | -- | 16.0M | -30.0M |
| Earnings From Equity Interest | -45.4M | -35.2M | -17.4M | -8.3M |
| Pretax Income | 168.4M | 133.2M | 201.5M | 184.2M |
| Tax Provision | 46.9M | 39.0M | 41.4M | 51.5M |
| Tax Effect Of Unusual Items | -6.7M | -14.6M | -6.9M | -10.0M |
| Net Income From Continuing And Discontinued Operation | 121.5M | 94.2M | 160.1M | 132.7M |
| Net Income From Continuing Operation Net Minority Interest | 121.5M | 94.2M | 160.1M | 132.7M |
| Net Income Including Noncontrolling Interests | 121.5M | 94.2M | 160.1M | 132.7M |
| Net Income Common Stockholders | 121.5M | 94.2M | 160.1M | 132.7M |
| Net Income | 121.5M | 94.2M | 160.1M | 132.7M |
| EBITDA | 545.5M | 468.5M | 465.5M | 377.8M |
| Normalized EBITDA | 569.5M | 518.2M | 498.9M | 413.4M |
| Reconciled Depreciation | 179.5M | 160.0M | 160.3M | 134.8M |
| Basic EPS | 2.73 | 2.12 | 3.59 | 3.05 |
| Diluted EPS | 2.72 | 2.11 | 3.57 | 3.04 |
| Basic Average Shares | 44.4M | 44.4M | 44.6M | 43.5M |
| Diluted Average Shares | 44.6M | 44.6M | 44.8M | 43.7M |
| Total Unusual Items | -24.0M | -49.7M | -33.4M | -35.6M |
| Total Unusual Items Excluding Goodwill | -24.0M | -49.7M | -33.4M | -35.6M |
| Tax Rate For Calcs | 0.28 | 0.29 | 0.21 | 0.28 |
| Normalized Income | 138.8M | 129.3M | 186.6M | 158.3M |
| Amortization | 21.6M | 13.3M | 28.8M | 27.3M |
| Amortization Of Intangibles Income Statement | 21.6M | 13.3M | 28.8M | 27.3M |
| Depreciation Amortization Depletion Income Statement | 179.5M | 160.0M | 160.3M | 134.8M |
| Depreciation Income Statement | 157.9M | 146.7M | 131.5M | 107.5M |
| Diluted NI Availto Com Stockholders | 121.5M | 94.2M | 160.1M | 132.7M |
| Net Income Continuous Operations | 121.5M | 94.2M | 160.1M | 132.7M |
| Net Non Operating Interest Income Expense | -146.1M | -116.4M | -44.1M | -6.8M |
| Other Gand A | 410.8M | 384.6M | 363.5M | 270.4M |
| Reconciled Cost Of Revenue | 5.2B | 5.1B | 4.9B | 4.0B |
| Salaries And Wages | 341.3M | 325.6M | 297.8M | 254.5M |
| Total Expenses | 6.1B | 5.9B | 5.7B | 4.7B |
| Total Other Finance Cost | 1.7M | 2.0M | 2.2M | 1.7M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 49.2M | 27.6M | 11.4M | 16.5M |
| Cash Cash Equivalents And Short Term Investments | 49.2M | 27.6M | 11.4M | 16.5M |
| Accounts Receivable | 490.4M | 460.1M | 547.9M | 511.4M |
| Receivables | 495.8M | 509.9M | 590.8M | 521.7M |
| Inventory | 900.7M | 746.7M | 786.1M | 645.2M |
| Prepaid Assets | -- | -- | -- | 28.6M |
| Other Current Assets | 56.2M | 43.8M | 38.0M | 28.6M |
| Current Assets | 1.5B | 1.3B | 1.4B | 1.2B |
| Gross PPE | 3.3B | 2.8B | 2.4B | 1.8B |
| Accumulated Depreciation | -1.2B | -1.1B | -912.2M | -720.8M |
| Net PPE | 2.1B | 1.7B | 1.4B | 1.1B |
| Goodwill | 1.1B | 1.1B | 1.1B | 1.0B |
| Goodwill And Other Intangible Assets | 1.7B | 1.6B | 1.7B | 1.5B |
| Other Intangible Assets | 555.9M | 540.6M | 558.5M | 526.3M |
| Investments And Advances | 457.1M | 453.5M | 538.9M | 568.8M |
| Long Term Equity Investment | 457.1M | 453.5M | 538.9M | 568.8M |
| Other Non Current Assets | 51.4M | 22.7M | 23.7M | 18.8M |
| Total Non Current Assets | 4.3B | 3.8B | 3.7B | 3.2B |
| Total Assets | 5.8B | 5.2B | 5.1B | 4.4B |
| Current Debt | 191.8M | 2.0M | 24.5M | 20.9M |
| Current Debt And Capital Lease Obligation | 253.7M | 55.9M | 69.9M | 53.8M |
| Accounts Payable | 579.3M | 470.9M | 419.4M | 445.5M |
| Payables | 617.4M | 505.3M | 450.7M | 473.9M |
| Payables And Accrued Expenses | 617.4M | 505.3M | 450.7M | 473.9M |
| Other Current Liabilities | 61.6M | 46.8M | 42.4M | 45.8M |
| Current Liabilities | 932.7M | 637.9M | 564.8M | 581.2M |
| Long Term Debt | 2.2B | 2.0B | 1.9B | 1.4B |
| Long Term Debt And Capital Lease Obligation | 2.9B | 2.6B | 2.5B | 1.9B |
| Long Term Capital Lease Obligation | 695.0M | 583.4M | 589.3M | 477.4M |
| Total Non Current Liabilities Net Minority Interest | 3.1B | 2.8B | 2.7B | 2.1B |
| Total Liabilities Net Minority Interest | 4.0B | 3.4B | 3.3B | 2.6B |
| Common Stock | 1.7B | 1.7B | 1.7B | 1.7B |
| Capital Stock | 1.7B | 1.7B | 1.7B | 1.7B |
| Retained Earnings | -6.8M | 18.8M | 63.8M | 35.6M |
| Gains Losses Not Affecting Retained Earnings | 54.5M | 43.8M | 46.6M | 25.0M |
| Common Stock Equity | 1.8B | 1.8B | 1.8B | 1.8B |
| Stockholders Equity | 1.8B | 1.8B | 1.8B | 1.8B |
| Total Equity Gross Minority Interest | 1.8B | 1.8B | 1.8B | 1.8B |
| Total Capitalization | 4.0B | 3.8B | 3.7B | 3.2B |
| Net Tangible Assets | 79.4M | 141.8M | 161.5M | 246.4M |
| Tangible Book Value | 79.4M | 141.8M | 161.5M | 246.4M |
| Working Capital | 569.2M | 690.1M | 861.5M | 630.8M |
| Invested Capital | 4.2B | 3.8B | 3.7B | 3.2B |
| Total Debt | 3.2B | 2.6B | 2.6B | 1.9B |
| Net Debt | 2.4B | 2.0B | 1.9B | 1.4B |
| Share Issued | 44.6M | 44.4M | 44.4M | 44.6M |
| Ordinary Shares Number | 44.6M | 44.4M | 44.4M | 44.6M |
| Allowance For Doubtful Accounts Receivable | -4.1M | -4.3M | -4.0M | -3.2M |
| Capital Lease Obligations | 756.9M | 637.3M | 634.7M | 510.3M |
| Current Capital Lease Obligation | 61.9M | 53.9M | 45.4M | 32.9M |
| Current Provisions | -- | 29.9M | 1.8M | 7.7M |
| Derivative Product Liabilities | 45.3M | 42.4M | 43.9M | 0.00 |
| Dividends Payable | 38.1M | 34.4M | 31.3M | 28.4M |
| Finished Goods | 526.3M | 443.2M | 472.0M | 379.9M |
| Gross Accounts Receivable | 494.5M | 464.4M | 551.9M | 514.6M |
| Investmentsin Associatesat Cost | 457.1M | 453.5M | 538.9M | 568.8M |
| Land And Improvements | 942.1M | 798.5M | 579.6M | 432.0M |
| Leases | 971.9M | 792.4M | 753.5M | 592.1M |
| Line Of Credit | 19.1M | 0.00 | 18.0M | 16.3M |
| Long Term Provisions | 24.2M | 14.5M | 44.2M | 63.4M |
| Machinery Furniture Equipment | 1.4B | 1.2B | 1.0B | 778.5M |
| Non Current Deferred Liabilities | 117.1M | 118.5M | 123.4M | 108.0M |
| Non Current Deferred Revenue | 200,000 | 2.8M | 2.8M | 2.8M |
| Non Current Deferred Taxes Liabilities | 116.9M | 115.7M | 120.6M | 105.2M |
| Other Current Borrowings | 172.7M | 2.0M | 6.5M | 4.6M |
| Other Inventories | 6.1M | 6.1M | 5.7M | 5.2M |
| Other Properties | 57.0M | 46.0M | 1.4B | -- |
| Other Receivables | 5.4M | 49.8M | 42.9M | 10.3M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 368.3M | 297.4M | 308.4M | 260.1M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 253.1M | 433.9M | 96.5M | 66.3M |
| Cash Flow From Continuing Operating Activities | 253.1M | 433.9M | 96.5M | 66.3M |
| Depreciation And Amortization | 179.5M | 160.0M | 160.3M | 134.8M |
| Depreciation Amortization Depletion | 179.5M | 160.0M | 160.3M | 134.8M |
| Deferred Tax | -6.7M | -4.1M | 5.0M | -14.8M |
| Deferred Income Tax | -6.7M | -4.1M | 5.0M | -14.8M |
| Change In Working Capital | -74.9M | 110.6M | -263.3M | -253.8M |
| Changes In Account Receivables | 12.0M | 78.1M | -36.6M | -122.8M |
| Change In Receivables | -35.4M | 23.4M | -90.9M | -122.8M |
| Change In Inventory | -89.7M | 35.1M | -104.8M | -153.1M |
| Change In Payables And Accrued Expense | 64.3M | 57.4M | -60.1M | 27.1M |
| Other Non Cash Items | 27.6M | 35.8M | 32.0M | 21.8M |
| Capital Expenditure | -364.8M | -399.7M | -228.4M | -143.2M |
| Purchase Of PPE | -364.8M | -399.7M | -228.4M | -143.2M |
| Net PPE Purchase And Sale | -244.9M | -399.7M | -228.4M | 6.8M |
| Purchase Of Business | -65.1M | -9.0M | -125.2M | -802.2M |
| Sale Of Business | 3.9M | 113.3M | 29.9M | -- |
| Investing Cash Flow | -315.3M | -299.2M | -343.6M | -808.9M |
| Cash Flow From Continuing Investing Activities | -315.3M | -299.2M | -343.6M | -808.9M |
| Issuance Of Debt | 749.0M | 430.0M | 440.1M | 546.8M |
| Repayment Of Debt | -549.7M | -391.8M | -64.2M | -58.4M |
| Net Issuance Payments Of Debt | 231.9M | 17.3M | 378.2M | 504.3M |
| Repurchase Of Capital Stock | 0.00 | -1.4M | -13.7M | 0.00 |
| Net Common Stock Issuance | 0.00 | -1.4M | -13.7M | 0.00 |
| Common Stock Dividend Paid | -148.1M | -134.4M | -122.5M | -108.2M |
| Common Stock Payments | 0.00 | -1.4M | -13.7M | 0.00 |
| Financing Cash Flow | 83.8M | -118.5M | 242.0M | 396.1M |
| Cash Flow From Continuing Financing Activities | 83.8M | -118.5M | 242.0M | 396.1M |
| Changes In Cash | 21.6M | 16.2M | -5.1M | -346.5M |
| Beginning Cash Position | 27.6M | 11.4M | 16.5M | 363.0M |
| End Cash Position | 49.2M | 27.6M | 11.4M | 16.5M |
| Free Cash Flow | -111.7M | 34.2M | -131.9M | -76.9M |
| Income Tax Paid Supplemental Data | 47.8M | 33.2M | 81.2M | 51.8M |
| Interest Paid Supplemental Data | 165.2M | 145.3M | 70.0M | 40.4M |
| Amortization Cash Flow | 21.6M | 13.3M | 28.8M | 27.3M |
| Amortization Of Intangibles | 21.6M | 13.3M | 28.8M | 27.3M |
| Cash Dividends Paid | -148.1M | -134.4M | -122.5M | -108.2M |
| Change In Prepaid Assets | -14.1M | -5.3M | -7.5M | -5.0M |
| Depreciation | 157.9M | 146.7M | 131.5M | 107.5M |
| Earnings Losses From Equity Investments | 39.7M | 25.0M | 11.9M | 7.8M |
| Gain Loss On Investment Securities | -20.0M | -- | -- | 30.0M |
| Gain Loss On Sale Of Business | 5.7M | 10.2M | 5.5M | 500,000 |
| Long Term Debt Issuance | 749.0M | 430.0M | 440.1M | 546.8M |
| Long Term Debt Payments | -549.7M | -391.8M | -64.2M | -58.4M |
| Net Business Purchase And Sale | -61.2M | 104.3M | -95.3M | -802.2M |
| Net Income From Continuing Operations | 121.5M | 94.2M | 160.1M | 132.7M |
| Net Long Term Debt Issuance | 199.3M | 38.2M | 375.9M | 488.4M |
| Net Other Investing Changes | -9.2M | -3.8M | -19.9M | -13.5M |
| Net Short Term Debt Issuance | 32.6M | -20.9M | 2.3M | 15.9M |
| Operating Gains Losses | 25.4M | 35.2M | 17.4M | 38.3M |
| Provisionand Write Offof Assets | -19.3M | 2.2M | -15.0M | 7.3M |
| Sale Of PPE | 119.9M | 0.00 | 0.00 | 150.0M |