Progressive Planet Solutions Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 | Q3 2024Jul 31, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 5.0M | 5.9M | 4.6M | 4.8M | 5.5M | -- |
| Operating Revenue | 5.0M | 5.9M | 4.6M | 4.8M | 5.5M | -- |
| Cost Of Revenue | 3.1M | 3.6M | 3.6M | 3.4M | 3.4M | -- |
| Gross Profit | 1.9M | 2.3M | 1.0M | 1.4M | 2.1M | -- |
| Selling General And Administration | 982,467 | 1.4M | 966,125 | 1.0M | 1.0M | -- |
| General And Administrative Expense | 780,167 | 1.2M | 787,450 | 855,348 | 815,124 | -- |
| Research And Development | 308,384 | 138,301 | 92,629 | 91,692 | 38,738 | -- |
| Other Operating Expenses | -244,687 | -447,454 | -238,818 | -46,318 | 1,814 | -- |
| Operating Expense | 1.0M | 1.1M | 819,936 | 1.1M | 1.1M | -- |
| Operating Income | 846,827 | 1.2M | 210,193 | 277,763 | 1.1M | -- |
| EBIT | 1.2M | 1.2M | 407,792 | 206,847 | 647,827 | -- |
| Interest Expense | 91,648 | 91,630 | 137,941 | 120,685 | 142,436 | -- |
| Interest Expense Non Operating | 91,648 | 91,630 | 137,941 | 120,685 | 142,436 | -- |
| Net Interest Income | -91,648 | -91,630 | -137,941 | -120,685 | -142,436 | -- |
| Other Income Expense | 368,203 | 54,673 | 197,599 | -70,916 | -404,628 | -- |
| Other Non Operating Income Expenses | 32,046 | 30,496 | 34,664 | 32,781 | 27,876 | -- |
| Special Income Charges | 16,273 | 44,997 | 55,150 | -6,494 | 257,867 | -- |
| Restructuring And Mergern Acquisition | -- | -- | 0.00 | 0.00 | -- | 0.00 |
| Gain On Sale Of Security | 319,884 | -20,820 | 107,785 | -97,203 | -690,371 | -- |
| Pretax Income | 1.1M | 1.1M | 269,851 | 86,162 | 505,391 | -- |
| Tax Provision | 151,487 | -469,854 | -288,040 | -28,676 | -119,921 | -- |
| Tax Effect Of Unusual Items | 45,330 | 3,627 | 24,440 | -15,555 | -64,876 | -- |
| Net Income From Continuing And Discontinued Operation | 971,895 | 1.6M | 557,891 | 114,838 | 623,498 | -- |
| Net Income From Continuing Operation Net Minority Interest | 971,895 | 1.6M | 557,891 | 114,838 | 623,498 | -- |
| Net Income Including Noncontrolling Interests | 971,895 | 1.6M | 557,891 | 114,838 | 625,312 | -- |
| Net Income Common Stockholders | 971,895 | 1.6M | 557,891 | 114,838 | 623,498 | -- |
| Net Income | 971,895 | 1.6M | 557,891 | 114,838 | 623,498 | -- |
| EBITDA | 1.4M | 1.4M | 1.2M | 421,959 | 904,456 | -- |
| Normalized EBITDA | 1.1M | 1.4M | 993,707 | 525,656 | 1.3M | -- |
| Reconciled Depreciation | 231,146 | 225,071 | 748,850 | 215,112 | 256,629 | -- |
| Basic EPS | 0.01 | 0.01 | -- | 0.00 | 0.01 | 0.00 |
| Diluted EPS | 0.01 | 0.01 | -- | 0.00 | 0.01 | 0.00 |
| Basic Average Shares | 109.8M | 109.8M | -- | 109.8M | 111.1M | 112.4M |
| Diluted Average Shares | 112.0M | 110.1M | -- | 109.8M | 111.1M | 112.4M |
| Total Unusual Items | 336,157 | 24,177 | 162,935 | -103,697 | -432,504 | -- |
| Total Unusual Items Excluding Goodwill | 336,157 | 24,177 | 162,935 | -103,697 | -432,504 | -- |
| Tax Rate For Calcs | 0.13 | 0.15 | 0.15 | 0.15 | 0.15 | -- |
| Normalized Income | 681,068 | 1.6M | 419,396 | 202,980 | 991,126 | -- |
| Diluted NI Availto Com Stockholders | 971,895 | 1.6M | 557,891 | 114,838 | 623,498 | -- |
| Gain On Sale Of Ppe | 16,273 | 30,831 | 118,306 | -6,494 | 205,678 | -- |
| Impairment Of Capital Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Income Continuous Operations | 971,895 | 1.6M | 557,891 | 114,838 | 625,312 | -- |
| Net Non Operating Interest Income Expense | -91,648 | -91,630 | -137,941 | -120,685 | -142,436 | -- |
| Other Gand A | 411,307 | 516,584 | 404,106 | 461,201 | 420,107 | -- |
| Other Special Charges | -- | -14,166 | 63,156 | -- | -52,189 | -- |
| Reconciled Cost Of Revenue | 3.1M | 3.6M | 3.6M | 3.4M | 3.4M | -- |
| Salaries And Wages | 368,860 | 711,750 | 383,344 | 394,147 | 395,017 | -- |
| Selling And Marketing Expense | 202,300 | 192,986 | 178,675 | 180,566 | 203,904 | -- |
| Total Expenses | 4.1M | 4.7M | 4.4M | 4.5M | 4.4M | -- |
| Total Operating Income As Reported | 602,140 | 717,361 | -28,625 | 231,445 | 1.1M | -- |
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 | Q3 2024Jul 31, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 2.8M | 4.7M | 5.4M | 4.8M | 2.9M | -- |
| Cash Cash Equivalents And Short Term Investments | 2.8M | 4.7M | 5.4M | 4.8M | 2.9M | -- |
| Cash Equivalents | 1.8M | 1.8M | 1.8M | 2.8M | 1.0M | -- |
| Cash Financial | 1.0M | 3.0M | 3.7M | 2.1M | 1.9M | -- |
| Accounts Receivable | 1.2M | 1.5M | 1.3M | 1.5M | 1.7M | -- |
| Receivables | 1.2M | 1.5M | 1.4M | 1.6M | 1.7M | -- |
| Inventory | 2.6M | 2.5M | 2.6M | 2.6M | 2.7M | -- |
| Other Current Assets | 329,856 | 1.1M | 602,074 | 244,716 | 219,695 | -- |
| Current Assets | 6.9M | 9.9M | 10.0M | 9.2M | 7.6M | -- |
| Gross PPE | 22.8M | 20.5M | 20.4M | 20.1M | 19.9M | -- |
| Accumulated Depreciation | -3.3M | -3.1M | -3.1M | -2.2M | -2.0M | -- |
| Net PPE | 19.5M | 17.4M | 17.3M | 17.9M | 17.9M | -- |
| Investments And Advances | 1.5M | 737,400 | 660,700 | 246,000 | 246,000 | -- |
| Total Non Current Assets | 21.3M | 18.5M | 18.0M | 18.6M | 18.6M | -- |
| Total Assets | 28.2M | 28.3M | 28.0M | 27.9M | 26.2M | -- |
| Current Debt | 130,811 | 130,811 | 304,077 | 304,077 | 304,077 | -- |
| Current Debt And Capital Lease Obligation | 227,834 | 222,067 | 407,245 | 481,290 | 481,290 | -- |
| Accounts Payable | 1.6M | 1.7M | 2.0M | 1.6M | 1.6M | -- |
| Payables | 1.6M | 2.0M | 2.1M | 1.6M | 1.6M | -- |
| Payables And Accrued Expenses | 1.6M | 2.0M | 2.1M | 1.6M | 1.6M | -- |
| Current Deferred Revenue | 858,894 | 1.4M | 1.9M | 1.5M | 0.00 | -- |
| Other Current Liabilities | -- | 13,084 | 31,063 | 214,836 | 113,325 | 59,666 |
| Current Liabilities | 2.7M | 3.7M | 4.4M | 3.9M | 2.2M | -- |
| Long Term Debt | 5.6M | 5.6M | 5.8M | 5.9M | 6.0M | -- |
| Long Term Debt And Capital Lease Obligation | 7.2M | 7.2M | 7.4M | 7.5M | 7.6M | -- |
| Long Term Capital Lease Obligation | 1.6M | 1.6M | 1.6M | 1.5M | 1.6M | -- |
| Total Non Current Liabilities Net Minority Interest | 8.6M | 8.4M | 9.2M | 10.2M | 10.3M | -- |
| Total Liabilities Net Minority Interest | 11.3M | 12.1M | 13.6M | 14.0M | 12.5M | -- |
| Common Stock | 29.9M | 29.9M | 29.9M | 29.9M | 29.9M | -- |
| Capital Stock | 29.9M | 29.9M | 29.9M | 29.9M | 29.9M | -- |
| Retained Earnings | -19.5M | -20.2M | -21.8M | -22.3M | -22.4M | -- |
| Common Stock Equity | 16.9M | 16.2M | 14.4M | 13.8M | 13.7M | -- |
| Stockholders Equity | 16.9M | 16.2M | 14.4M | 13.8M | 13.7M | -- |
| Total Equity Gross Minority Interest | 16.9M | 16.2M | 14.4M | 13.8M | 13.7M | -- |
| Total Capitalization | 22.5M | 21.8M | 20.2M | 19.8M | 19.7M | -- |
| Net Tangible Assets | 16.9M | 16.2M | 14.4M | 13.8M | 13.7M | -- |
| Tangible Book Value | 16.9M | 16.2M | 14.4M | 13.8M | 13.7M | -- |
| Working Capital | 4.2M | 6.2M | 5.6M | 5.3M | 5.4M | -- |
| Invested Capital | 22.6M | 21.9M | 20.5M | 20.1M | 20.0M | -- |
| Total Debt | 7.4M | 7.4M | 7.8M | 7.9M | 8.0M | -- |
| Net Debt | 2.9M | 988,069 | 715,343 | 1.4M | 3.4M | -- |
| Share Issued | 109.8M | 109.8M | 109.8M | 109.8M | 109.8M | -- |
| Ordinary Shares Number | 109.8M | 109.8M | 109.8M | 109.8M | 109.8M | -- |
| Buildings And Improvements | 2.6M | 2.3M | 2.3M | 2.2M | 2.2M | -- |
| Capital Lease Obligations | 1.7M | 1.6M | 1.7M | 1.7M | 1.7M | -- |
| Current Capital Lease Obligation | 97,023 | 91,256 | 103,168 | 177,213 | 177,213 | -- |
| Current Deferred Liabilities | 858,894 | 1.4M | 1.9M | 1.5M | 0.00 | -- |
| Current Provisions | 20,000 | 20,000 | 20,000 | 25,000 | 25,000 | -- |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 1.5M | 737,400 | 660,700 | 246,000 | 246,000 | -- |
| Finished Goods | 389,322 | 344,905 | 378,199 | 393,374 | 369,264 | -- |
| Investmentin Financial Assets | 1.5M | 737,400 | 660,700 | 246,000 | 246,000 | -- |
| Land And Improvements | 8.7M | 8.7M | 8.7M | 7.2M | 7.2M | -- |
| Long Term Provisions | 245,809 | 245,491 | 250,439 | 291,239 | 284,188 | -- |
| Machinery Furniture Equipment | 269,235 | 269,235 | 269,235 | 269,235 | 269,235 | -- |
| Non Current Accounts Receivable | 256,065 | 266,963 | -- | -- | -- | -- |
| Non Current Deferred Assets | -- | -- | -- | 502,000 | 486,000 | -- |
| Non Current Deferred Liabilities | 1.2M | 1.0M | 1.5M | 2.4M | 2.4M | -- |
| Non Current Deferred Taxes Assets | -- | -- | -- | 502,000 | 486,000 | -- |
| Non Current Deferred Taxes Liabilities | 1.2M | 1.0M | 1.5M | 2.4M | 2.4M | -- |
| Other Current Borrowings | 130,811 | 130,811 | 304,077 | 304,077 | 304,077 | -- |
| Other Equity Interest | 6.5M | 6.5M | 6.2M | 6.2M | 6.2M | -- |
| Other Payable | 19,507 | 254,372 | 27,238 | 26,893 | 22,518 | -- |
| Other Properties | 11.3M | 9.3M | 9.2M | 10.4M | 10.2M | -- |
| Other Receivables | 72,747 | 69,401 | 48,998 | 54,445 | 48,719 | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Raw Materials | 2.2M | 2.1M | 2.2M | 2.2M | 2.3M | -- |
| Taxes Receivable | 6,467 | 6,439 | 6,211 | 21,525 | 6,041 | -- |
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 | Q3 2024Jul 31, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 1.5M | 501,730 | 1.4M | 2.3M | 901,061 | -- |
| Cash Flow From Continuing Operating Activities | 1.5M | 501,730 | 1.4M | 2.3M | 901,061 | -- |
| Depreciation And Amortization | 227,081 | 220,835 | 746,780 | 206,919 | 247,230 | -- |
| Depreciation Amortization Depletion | 231,146 | 225,071 | 748,850 | 215,112 | 256,629 | -- |
| Stock Based Compensation | 3,544 | 228,800 | 0.00 | 439.00 | 970.00 | -- |
| Deferred Tax | 150,146 | -469,854 | -382,193 | -29,880 | -266,360 | -- |
| Deferred Income Tax | 150,146 | -469,854 | -382,193 | -29,880 | -266,360 | -- |
| Change In Working Capital | 1.1M | -1.1M | 636,030 | 1.8M | -296,711 | -- |
| Changes In Account Receivables | 313,359 | -187,185 | 248,301 | 119,610 | -144,708 | -- |
| Change In Receivables | 313,359 | -187,185 | 248,301 | 119,610 | -144,708 | -- |
| Change In Inventory | -140,635 | 140,246 | -39,434 | 151,156 | -155,472 | -- |
| Change In Payables And Accrued Expense | -329,827 | -97,309 | 420,769 | 39,444 | -71,215 | -- |
| Change In Other Working Capital | -- | -447,454 | 363,752 | 1.5M | -- | -- |
| Other Non Cash Items | -311,537 | 71,737 | 199,399 | 120,686 | 88,554 | -- |
| Capital Expenditure | -2.9M | -615,379 | -250,354 | -229,927 | -291,790 | -- |
| Purchase Of PPE | -2.9M | -615,379 | -250,354 | -229,927 | -291,790 | -- |
| Net PPE Purchase And Sale | -2.9M | -579,179 | -187,913 | -229,927 | 992,710 | -- |
| Purchase Of Business | -- | -77,265 | -- | -- | -- | 0.00 |
| Investing Cash Flow | -3.4M | -656,444 | -585,805 | -229,927 | 992,710 | -- |
| Cash Flow From Continuing Investing Activities | -3.4M | -656,444 | -585,805 | -229,927 | 992,710 | -- |
| Issuance Of Debt | 18,084 | 5.7M | 0.00 | 0.00 | 0.00 | -- |
| Repayment Of Debt | -108,537 | -6.2M | -246,611 | -206,163 | -261,452 | -- |
| Net Issuance Payments Of Debt | -90,453 | -538,037 | -246,611 | -206,163 | -261,452 | -- |
| Repurchase Of Capital Stock | 0.00 | 0.00 | -- | -- | -138,481 | -150,000 |
| Net Common Stock Issuance | 0.00 | 0.00 | -- | -- | -138,481 | -150,000 |
| Common Stock Payments | 0.00 | 0.00 | -- | -- | -138,481 | -150,000 |
| Financing Cash Flow | -97,639 | -530,851 | -246,611 | -206,163 | -399,933 | -- |
| Cash Flow From Continuing Financing Activities | -90,453 | -538,037 | -246,611 | -206,163 | -399,933 | -- |
| Changes In Cash | -2.0M | -685,565 | 608,674 | 1.9M | 1.5M | -- |
| Beginning Cash Position | 4.7M | 5.4M | 4.8M | 2.9M | 1.4M | -- |
| End Cash Position | 2.8M | 4.7M | 5.4M | 4.8M | 2.9M | -- |
| Free Cash Flow | -1.4M | -113,649 | 1.2M | 2.1M | 609,271 | -- |
| Asset Impairment Charge | -- | -- | 0.00 | 0.00 | -- | -- |
| Change In Prepaid Assets | 784,007 | -511,789 | -357,358 | -25,021 | 79,340 | -- |
| Depletion | 4,065 | 4,236 | 2,070 | 8,193 | 9,399 | -- |
| Depreciation | -- | 220,835 | -- | -- | -- | -- |
| Gain Loss On Sale Of PPE | -16,273 | -30,831 | -118,306 | 6,494 | -229,737 | -- |
| Long Term Debt Issuance | 18,084 | 5.7M | 0.00 | 0.00 | 0.00 | -- |
| Long Term Debt Payments | -108,537 | -6.2M | -246,477 | -206,072 | -261,452 | -- |
| Net Business Purchase And Sale | -- | -77,265 | -- | -- | -- | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -13,084 | -17,979 | -183,773 | 101,511 | 53,659 | -- |
| Net Income From Continuing Operations | 682,481 | 1.6M | 557,891 | 114,838 | 623,498 | -- |
| Net Long Term Debt Issuance | -90,453 | -538,031 | -246,477 | -206,072 | -261,452 | -- |
| Net Other Financing Charges | -- | 7,186 | -- | -- | -- | -- |
| Net Short Term Debt Issuance | 0.00 | -6.00 | -134.00 | -91.00 | 0.00 | -- |
| Operating Gains Losses | -29,357 | -48,810 | -324,887 | 108,005 | -176,078 | -- |
| Sale Of PPE | 17,665 | 36,200 | 62,441 | 0.00 | 1.3M | -- |
| Short Term Debt Payments | 0.00 | -6.00 | -134.00 | -91.00 | 0.00 | -- |
| Unrealized Gain Loss On Investment Securities | -311,349 | 565.00 | 6,000 | 0.00 | 646,500 | -- |