Reco International Group Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Sep 30, 2025 | FY 2024Sep 30, 2024 | FY 2023Sep 30, 2023 | FY 2022Sep 30, 2022 | FY 2021Sep 30, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 2.8M | 4.0M | 3.0M | 2.6M | -- |
| Operating Revenue | 2.8M | 4.0M | 3.0M | 2.6M | -- |
| Cost Of Revenue | 2.6M | 2.8M | 2.0M | 1.5M | -- |
| Gross Profit | 164,248 | 1.2M | 1.0M | 1.1M | -- |
| Selling General And Administration | 1.3M | 1.2M | 1.3M | 1.6M | -- |
| General And Administrative Expense | 1.3M | 1.2M | 1.3M | 1.6M | -- |
| Depreciation And Amortization In Income Statement | 243,350 | 254,398 | 257,516 | 169,101 | -- |
| Other Operating Expenses | -- | -- | -- | -- | -10,000 |
| Operating Expense | 1.5M | 1.5M | 1.6M | 1.7M | -- |
| Operating Income | -1.4M | -298,898 | -533,635 | -650,379 | -- |
| EBIT | -1.4M | -413,993 | -625,110 | -770,014 | -- |
| Interest Expense | 21,099 | 25,386 | 51,063 | 35,218 | -- |
| Interest Expense Non Operating | 21,099 | 25,386 | 51,063 | 35,218 | -- |
| Net Interest Income | -21,099 | -25,386 | -51,063 | -35,218 | -- |
| Other Income Expense | -29,226 | -115,095 | -91,475 | -119,635 | -- |
| Other Non Operating Income Expenses | 9,725 | 53,654 | 24.00 | 6.00 | -- |
| Special Income Charges | -38,951 | -168,749 | -91,499 | -119,641 | -- |
| Write Off | 38,951 | 168,749 | 100,743 | 119,641 | -- |
| Pretax Income | -1.4M | -439,379 | -676,173 | -805,232 | -- |
| Tax Provision | -- | -- | -- | -- | 0.00 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -1.4M | -439,379 | -676,173 | -805,232 | -- |
| Net Income From Continuing Operation Net Minority Interest | -1.4M | -439,379 | -676,173 | -805,232 | -- |
| Net Income Including Noncontrolling Interests | -1.4M | -439,379 | -676,173 | -805,232 | -- |
| Net Income Common Stockholders | -1.4M | -439,379 | -676,173 | -805,232 | -- |
| Net Income | -1.4M | -439,379 | -676,173 | -805,232 | -- |
| EBITDA | -1.2M | -159,595 | -367,594 | -600,913 | -- |
| Normalized EBITDA | -1.1M | 9,154 | -276,095 | -481,272 | -- |
| Reconciled Depreciation | 243,350 | 254,398 | 257,516 | 169,101 | -- |
| Basic EPS | -- | -0.01 | -0.01 | -0.02 | -0.02 |
| Diluted EPS | -- | -0.01 | -0.01 | -0.02 | -0.02 |
| Basic Average Shares | -- | 49.6M | 49.6M | 34.4M | 25.6M |
| Diluted Average Shares | -- | 49.6M | 49.6M | 34.4M | 25.6M |
| Total Unusual Items | -38,951 | -168,749 | -91,499 | -119,641 | -- |
| Total Unusual Items Excluding Goodwill | -38,951 | -168,749 | -91,499 | -119,641 | -- |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Normalized Income | -1.4M | -270,630 | -584,674 | -685,591 | -- |
| Depreciation Amortization Depletion Income Statement | 243,350 | 254,398 | 257,516 | 169,101 | -- |
| Depreciation Income Statement | 243,350 | 254,398 | 257,516 | 169,101 | -- |
| Diluted NI Availto Com Stockholders | -1.4M | -439,379 | -676,173 | -805,232 | -- |
| Impairment Of Capital Assets | -- | -- | -- | 97,391 | 0.00 |
| Net Income Continuous Operations | -1.4M | -439,379 | -676,173 | -805,232 | -- |
| Net Non Operating Interest Income Expense | -21,099 | -25,386 | -51,063 | -35,218 | -- |
| Other Gand A | 693,395 | 586,511 | 586,596 | 728,852 | -- |
| Other Special Charges | -- | -- | -9,244 | -- | -- |
| Reconciled Cost Of Revenue | 2.6M | 2.8M | 2.0M | 1.5M | -- |
| Salaries And Wages | 599,503 | 615,178 | 708,140 | 842,543 | -- |
| Total Expenses | 4.2M | 4.3M | 3.6M | 3.3M | -- |
| Line Item | FY 2025Sep 30, 2025 | FY 2024Sep 30, 2024 | FY 2023Sep 30, 2023 | FY 2022Sep 30, 2022 | FY 2021Sep 30, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 35,863 | 134,384 | 232,233 | 750,107 | -- |
| Cash Cash Equivalents And Short Term Investments | 35,863 | 134,384 | 232,233 | 750,107 | -- |
| Cash Financial | 35,863 | 134,384 | 232,233 | 750,107 | -- |
| Accounts Receivable | 628,810 | 1.0M | 329,968 | 916,517 | -- |
| Receivables | 479,517 | 883,110 | 298,134 | 894,267 | -- |
| Prepaid Assets | -- | -- | 32,465 | 41,868 | 29,530 |
| Other Current Assets | 23,610 | 22,840 | 32,465 | 41,868 | -- |
| Current Assets | 538,990 | 1.0M | 562,832 | 1.7M | -- |
| Gross PPE | 1.2M | 1.1M | 1.3M | 1.5M | -- |
| Accumulated Depreciation | -872,211 | -859,566 | -845,051 | -827,419 | -- |
| Net PPE | 311,287 | 213,049 | 464,654 | 718,263 | -- |
| Total Non Current Assets | 345,131 | 224,154 | 475,759 | 738,343 | -- |
| Total Assets | 884,121 | 1.3M | 1.0M | 2.4M | -- |
| Current Debt | 235,751 | -- | 70,000 | 74,509 | 73,288 |
| Current Debt And Capital Lease Obligation | 403,638 | 193,282 | 320,514 | 286,435 | -- |
| Accounts Payable | 1.1M | 878,918 | 551,947 | 513,552 | -- |
| Payables | 2.2M | 1.7M | 1.1M | 1.2M | -- |
| Payables And Accrued Expenses | 2.4M | 1.8M | 1.2M | 1.5M | -- |
| Current Accrued Expenses | 201,901 | 104,802 | 114,787 | 252,375 | -- |
| Current Deferred Revenue | 652,333 | 564,541 | 176,781 | 387,913 | -- |
| Current Liabilities | 3.5M | 2.5M | 1.7M | 2.2M | -- |
| Long Term Debt | -- | -- | -- | 70,000 | 70,000 |
| Long Term Debt And Capital Lease Obligation | 107,148 | 0.00 | 193,282 | 513,796 | -- |
| Long Term Capital Lease Obligation | 107,148 | 0.00 | 193,282 | 443,796 | -- |
| Total Non Current Liabilities Net Minority Interest | 107,148 | 0.00 | 193,282 | 513,796 | -- |
| Total Liabilities Net Minority Interest | 3.6M | 2.5M | 1.9M | 2.7M | -- |
| Common Stock | 2.3M | 2.3M | 2.3M | 2.3M | -- |
| Capital Stock | 2.3M | 2.3M | 2.3M | 2.3M | -- |
| Retained Earnings | -5.4M | -4.0M | -3.5M | -2.8M | -- |
| Common Stock Equity | -2.7M | -1.3M | -849,322 | -252,375 | -- |
| Stockholders Equity | -2.7M | -1.3M | -849,322 | -252,375 | -- |
| Total Equity Gross Minority Interest | -2.7M | -1.3M | -849,322 | -252,375 | -- |
| Total Capitalization | -2.7M | -1.3M | -849,322 | -182,375 | -- |
| Net Tangible Assets | -2.7M | -1.3M | -849,322 | -252,375 | -- |
| Tangible Book Value | -2.7M | -1.3M | -849,322 | -252,375 | -- |
| Working Capital | -2.9M | -1.5M | -1.1M | -476,922 | -- |
| Invested Capital | -2.5M | -1.3M | -779,322 | -107,866 | -- |
| Total Debt | 510,786 | 193,282 | 513,796 | 800,231 | -- |
| Net Debt | 199,888 | -- | -- | -- | 143,288 |
| Share Issued | 49.6M | 49.6M | 49.6M | 49.6M | -- |
| Ordinary Shares Number | 49.6M | 49.6M | 49.6M | 49.6M | -- |
| Capital Lease Obligations | 275,035 | 193,282 | 443,796 | 655,722 | -- |
| Current Capital Lease Obligation | 167,887 | 193,282 | 250,514 | 211,926 | -- |
| Current Deferred Assets | -- | -- | 11,141 | 0.00 | -- |
| Current Deferred Liabilities | 652,333 | 564,541 | 176,781 | 387,913 | -- |
| Dueto Related Parties Current | 1.1M | 759,385 | 530,602 | 670,420 | -- |
| Line Of Credit | 235,751 | 0.00 | 0.00 | 74,509 | -- |
| Machinery Furniture Equipment | 337,575 | 337,575 | 334,782 | 330,875 | -- |
| Non Current Prepaid Assets | 33,844 | 11,105 | 11,105 | 20,080 | -- |
| Other Current Borrowings | -- | -- | 70,000 | -- | -- |
| Other Equity Interest | 423,162 | 423,162 | 397,968 | 318,742 | -- |
| Other Properties | 845,923 | 735,040 | 974,923 | 1.2M | -- |
| Other Receivables | -- | -- | 11,141 | -- | -- |
| Receivables Adjustments Allowances | -152,546 | -156,854 | -48,127 | -22,250 | -- |
| Taxes Receivable | 3,253 | 17,631 | 5,152 | 0.00 | -- |
| Total Tax Payable | 11,002 | 27,067 | 0.00 | 52,469 | -- |
| Line Item | FY 2025Sep 30, 2025 | FY 2024Sep 30, 2024 | FY 2023Sep 30, 2023 | FY 2022Sep 30, 2022 | FY 2021Sep 30, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | 7,507 | 300,063 | -67,017 | -64,510 | -- |
| Cash Flow From Continuing Operating Activities | 7,507 | 300,063 | -67,017 | -64,510 | -- |
| Depreciation And Amortization | 243,350 | 254,398 | 257,516 | 169,101 | -- |
| Depreciation Amortization Depletion | 243,350 | 254,398 | 257,516 | 169,101 | -- |
| Stock Based Compensation | 0.00 | 25,194 | 79,226 | 109,807 | -- |
| Change In Working Capital | 1.1M | 268,697 | 134,022 | 324,786 | -- |
| Changes In Account Receivables | 407,902 | -712,665 | 581,397 | -540,425 | -- |
| Change In Receivables | 407,902 | -701,524 | 570,256 | -540,425 | -- |
| Change In Payables And Accrued Expense | 636,662 | 572,836 | -243,480 | 528,116 | -- |
| Change In Payable | 636,662 | 572,836 | -243,480 | 528,116 | -- |
| Change In Other Working Capital | 87,792 | 387,760 | -211,132 | 357,913 | -- |
| Other Non Cash Items | 15,945 | 22,404 | 37,649 | 17,387 | -- |
| Capital Expenditure | -1,831 | -2,793 | -3,907 | -- | -1,433 |
| Purchase Of PPE | -1,831 | -2,793 | -3,907 | 0.00 | -- |
| Net PPE Purchase And Sale | -1,831 | -2,793 | -3,907 | 0.00 | -- |
| Investing Cash Flow | -67,830 | -54,994 | -78,773 | -41,800 | -- |
| Cash Flow From Continuing Investing Activities | -67,830 | -54,994 | -78,773 | -41,800 | -- |
| Issuance Of Debt | -- | -- | -- | 0.00 | 20,000 |
| Repayment Of Debt | -258,004 | -320,514 | -211,926 | -146,273 | -- |
| Net Issuance Payments Of Debt | -258,004 | -320,514 | -211,926 | -146,273 | -- |
| Issuance Of Capital Stock | -- | -- | 0.00 | 1.2M | 0.00 |
| Net Common Stock Issuance | -- | -- | 0.00 | 1.2M | 0.00 |
| Financing Cash Flow | -273,949 | -342,918 | -297,575 | 855,196 | -- |
| Cash Flow From Continuing Financing Activities | -273,949 | -342,918 | -297,575 | 855,196 | -- |
| Changes In Cash | -334,272 | -97,849 | -443,365 | 748,886 | -- |
| Beginning Cash Position | 134,384 | 232,233 | 675,598 | -73,288 | -- |
| End Cash Position | -199,888 | 134,384 | 232,233 | 675,598 | -- |
| Free Cash Flow | 5,676 | 297,270 | -70,924 | -64,510 | -- |
| Interest Paid Supplemental Data | 5,154 | 2,982 | 13,414 | 17,830 | -- |
| Asset Impairment Charge | 38,951 | 168,749 | 100,743 | 22,250 | -- |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Change In Account Payable | 323,610 | 344,053 | -151,662 | 528,116 | -- |
| Change In Prepaid Assets | -770.00 | 9,625 | 18,378 | -20,818 | -- |
| Common Stock Issuance | -- | -- | 0.00 | 1.2M | 0.00 |
| Depreciation | 243,350 | 254,398 | 257,516 | 169,101 | -- |
| Interest Paid Cff | -15,945 | -22,404 | -37,649 | -17,387 | -- |
| Long Term Debt Issuance | -- | -- | -- | 0.00 | 20,000 |
| Long Term Debt Payments | -258,004 | -320,514 | -211,926 | -146,273 | -- |
| Net Income From Continuing Operations | -1.4M | -439,379 | -676,173 | -805,232 | -- |
| Net Long Term Debt Issuance | -258,004 | -320,514 | -211,926 | -146,273 | -- |
| Net Other Financing Charges | -- | -- | -48,000 | -148,362 | -- |
| Net Other Investing Changes | -65,999 | -52,201 | -74,866 | -41,800 | -- |
| Operating Gains Losses | -- | -- | 74,866 | 97,391 | -- |