Reco International Group Inc.
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 |
|---|---|---|---|---|---|
| Total Revenue | 547,276 | 948,686 | 348,931 | 955,039 | 1.5M |
| Operating Revenue | 547,276 | 948,686 | 348,931 | 955,039 | 1.5M |
| Cost Of Revenue | 647,108 | 905,149 | 227,569 | 855,858 | 1.1M |
| Gross Profit | -99,832 | 43,537 | 121,362 | 99,181 | 404,770 |
| Selling General And Administration | 313,601 | 327,638 | 333,472 | 318,187 | 318,664 |
| General And Administrative Expense | 313,601 | 327,638 | 333,472 | 318,187 | 318,664 |
| Depreciation And Amortization In Income Statement | 45,835 | 71,305 | 63,219 | 62,991 | 63,600 |
| Operating Expense | 359,436 | 398,943 | 396,691 | 381,178 | 382,264 |
| Operating Income | -459,268 | -355,406 | -275,329 | -281,997 | 22,506 |
| EBIT | -477,625 | -369,359 | -286,553 | -267,689 | 17,154 |
| Interest Expense | 9,146 | 6,846 | 1,639 | 3,468 | 4,024 |
| Interest Expense Non Operating | 9,146 | 6,846 | 1,639 | 3,468 | 4,024 |
| Net Interest Income | -9,146 | -6,846 | -1,639 | -3,468 | -4,024 |
| Other Income Expense | -18,357 | -13,953 | -11,224 | 14,308 | -5,352 |
| Other Non Operating Income Expenses | 818.00 | -- | 1,407 | 7,500 | 9,000 |
| Special Income Charges | -19,175 | -13,953 | -12,631 | 6,808 | -14,352 |
| Write Off | 19,175 | 13,953 | 12,631 | -6,808 | 14,352 |
| Pretax Income | -486,771 | -376,205 | -288,192 | -271,157 | 13,130 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | -2,153 |
| Net Income From Continuing And Discontinued Operation | -486,771 | -376,205 | -288,192 | -271,157 | 13,130 |
| Net Income From Continuing Operation Net Minority Interest | -486,771 | -376,205 | -288,192 | -271,157 | 13,130 |
| Net Income Including Noncontrolling Interests | -486,771 | -376,205 | -288,192 | -271,157 | 13,130 |
| Net Income Common Stockholders | -486,771 | -376,205 | -288,192 | -271,157 | 13,130 |
| Net Income | -486,771 | -376,205 | -288,192 | -271,157 | 13,130 |
| EBITDA | -431,790 | -298,054 | -223,334 | -204,698 | 80,754 |
| Normalized EBITDA | -412,615 | -284,101 | -210,703 | -211,506 | 95,106 |
| Reconciled Depreciation | 45,835 | 71,305 | 63,219 | 62,991 | 63,600 |
| Basic EPS | -- | -0.01 | -0.01 | -0.01 | -- |
| Diluted EPS | -- | -0.01 | -0.01 | -0.01 | -- |
| Basic Average Shares | -- | 49.6M | 49.6M | 49.6M | -- |
| Diluted Average Shares | -- | 49.6M | 49.6M | 49.6M | -- |
| Total Unusual Items | -19,175 | -13,953 | -12,631 | 6,808 | -14,352 |
| Total Unusual Items Excluding Goodwill | -19,175 | -13,953 | -12,631 | 6,808 | -14,352 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 |
| Normalized Income | -467,596 | -362,252 | -275,561 | -277,965 | 25,329 |
| Depreciation Amortization Depletion Income Statement | 45,835 | 71,305 | 63,219 | 62,991 | 63,600 |
| Depreciation Income Statement | 45,835 | 71,305 | 63,219 | 62,991 | 63,600 |
| Diluted NI Availto Com Stockholders | -486,771 | -376,205 | -288,192 | -271,157 | 13,130 |
| Net Income Continuous Operations | -486,771 | -376,205 | -288,192 | -271,157 | 13,130 |
| Net Non Operating Interest Income Expense | -9,146 | -6,846 | -1,639 | -3,468 | -4,024 |
| Other Gand A | 175,988 | 180,549 | 174,142 | 162,716 | 159,607 |
| Reconciled Cost Of Revenue | 647,108 | 905,149 | 227,569 | 855,858 | 1.1M |
| Salaries And Wages | 137,613 | 147,089 | 159,330 | 155,471 | 159,057 |
| Total Expenses | 1.0M | 1.3M | 624,260 | 1.2M | 1.5M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 35,863 | 16,749 | 81,931 | 252,540 | 134,384 |
| Cash Cash Equivalents And Short Term Investments | 35,863 | 16,749 | 81,931 | 252,540 | 134,384 |
| Cash Financial | 35,863 | 16,749 | 81,931 | 252,540 | 134,384 |
| Accounts Receivable | 628,810 | 496,184 | 638,672 | 774,501 | 1.0M |
| Receivables | 479,517 | 554,147 | 498,963 | 648,784 | 883,110 |
| Other Current Assets | 23,610 | 16,357 | 18,935 | 20,907 | 22,840 |
| Current Assets | 538,990 | 587,253 | 599,829 | 922,231 | 1.0M |
| Gross PPE | 1.2M | 1.2M | 952,674 | 1.0M | 1.1M |
| Accumulated Depreciation | -872,211 | -868,846 | -865,835 | -862,586 | -859,566 |
| Net PPE | 311,287 | 357,122 | 86,839 | 150,058 | 213,049 |
| Total Non Current Assets | 345,131 | 392,832 | 97,944 | 161,163 | 224,154 |
| Total Assets | 884,121 | 980,085 | 697,773 | 1.1M | 1.3M |
| Current Debt | 235,751 | 33,949 | -- | -- | -- |
| Current Debt And Capital Lease Obligation | 403,638 | 195,481 | 49,131 | 121,808 | 193,282 |
| Accounts Payable | 1.1M | 1.2M | 931,818 | 1.0M | 878,918 |
| Payables | 2.2M | 2.1M | 1.8M | 1.8M | 1.7M |
| Payables And Accrued Expenses | 2.4M | 2.2M | 1.9M | 1.9M | 1.8M |
| Current Accrued Expenses | 201,901 | 82,982 | 79,803 | 84,516 | 104,802 |
| Current Deferred Revenue | 652,333 | 616,845 | 575,387 | 572,982 | 564,541 |
| Current Liabilities | 3.5M | 3.0M | 2.5M | 2.6M | 2.5M |
| Long Term Debt And Capital Lease Obligation | 107,148 | 152,608 | -- | -- | 0.00 |
| Long Term Capital Lease Obligation | 107,148 | 152,608 | -- | -- | 0.00 |
| Total Non Current Liabilities Net Minority Interest | 107,148 | 152,608 | 0.00 | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 3.6M | 3.2M | 2.5M | 2.6M | 2.5M |
| Common Stock | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M |
| Capital Stock | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M |
| Retained Earnings | -5.4M | -4.9M | -4.5M | -4.2M | -4.0M |
| Common Stock Equity | -2.7M | -2.2M | -1.8M | -1.5M | -1.3M |
| Stockholders Equity | -2.7M | -2.2M | -1.8M | -1.5M | -1.3M |
| Total Equity Gross Minority Interest | -2.7M | -2.2M | -1.8M | -1.5M | -1.3M |
| Total Capitalization | -2.7M | -2.2M | -1.8M | -1.5M | -1.3M |
| Net Tangible Assets | -2.7M | -2.2M | -1.8M | -1.5M | -1.3M |
| Tangible Book Value | -2.7M | -2.2M | -1.8M | -1.5M | -1.3M |
| Working Capital | -2.9M | -2.4M | -1.9M | -1.7M | -1.5M |
| Invested Capital | -2.5M | -2.2M | -1.8M | -1.5M | -1.3M |
| Total Debt | 510,786 | 348,089 | 49,131 | 121,808 | 193,282 |
| Net Debt | 199,888 | 17,200 | -- | -- | -- |
| Share Issued | 49.6M | 49.6M | 49.6M | 49.6M | 49.6M |
| Ordinary Shares Number | 49.6M | 49.6M | 49.6M | 49.6M | 49.6M |
| Buildings And Improvements | -- | 311,444 | 39,981 | 99,951 | -- |
| Capital Lease Obligations | 275,035 | 314,140 | 49,131 | 121,808 | 193,282 |
| Current Capital Lease Obligation | 167,887 | 161,532 | 49,131 | 121,808 | 193,282 |
| Current Deferred Liabilities | 652,333 | 616,845 | 575,387 | 572,982 | 564,541 |
| Dueto Related Parties Current | 1.1M | 954,752 | 884,490 | 812,373 | 759,385 |
| Leases | -- | -- | -- | 99,951 | -- |
| Line Of Credit | 235,751 | 33,949 | -- | -- | 0.00 |
| Machinery Furniture Equipment | 337,575 | 337,575 | 337,575 | 337,575 | 337,575 |
| Non Current Prepaid Assets | 33,844 | 35,710 | 11,105 | 11,105 | 11,105 |
| Other Equity Interest | 423,162 | 423,162 | 423,162 | 423,162 | 423,162 |
| Other Properties | 845,923 | 576,949 | 575,118 | 575,118 | 735,040 |
| Other Receivables | -- | 202,000 | -- | -- | -- |
| Properties | -- | 0.00 | 0.00 | 0.00 | -- |
| Receivables Adjustments Allowances | -152,546 | -148,045 | -148,045 | -148,044 | -156,854 |
| Taxes Receivable | 3,253 | 4,008 | 8,336 | 22,327 | 17,631 |
| Total Tax Payable | 11,002 | 7,484 | 0.00 | 0.00 | 27,067 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -100,061 | -3,239 | -83,665 | 194,472 | 7,848 |
| Cash Flow From Continuing Operating Activities | -100,061 | -3,239 | -83,665 | 194,472 | 7,848 |
| Depreciation And Amortization | 45,835 | 71,305 | 63,219 | 62,991 | 63,600 |
| Depreciation Amortization Depletion | 45,835 | 71,305 | 63,219 | 62,991 | 63,600 |
| Stock Based Compensation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Working Capital | 315,591 | 282,348 | 127,041 | 406,606 | -87,258 |
| Changes In Account Receivables | -131,871 | 146,816 | 149,821 | 243,136 | -592,101 |
| Change In Receivables | 70,129 | -55,184 | 149,821 | 243,136 | -551,961 |
| Change In Payables And Accrued Expense | 192,622 | 318,101 | -27,157 | 153,096 | 232,122 |
| Change In Payable | 192,622 | 318,101 | -27,157 | 153,096 | 232,122 |
| Change In Other Working Capital | 35,488 | 41,458 | 2,405 | 8,441 | 118,332 |
| Other Non Cash Items | 6,109 | 5,360 | 1,636 | 2,840 | 4,024 |
| Purchase Of PPE | 0.00 | -- | -- | -- | -2,793 |
| Net PPE Purchase And Sale | 0.00 | -- | -- | -- | -2,793 |
| Investing Cash Flow | -37,413 | -15,784 | -12,631 | -2,002 | -17,995 |
| Cash Flow From Continuing Investing Activities | -37,413 | -15,784 | -12,631 | -2,002 | -17,995 |
| Repayment Of Debt | -39,105 | -74,748 | -72,677 | -71,474 | -70,290 |
| Net Issuance Payments Of Debt | -39,105 | -74,748 | -72,677 | -71,474 | -70,290 |
| Financing Cash Flow | -45,214 | -80,108 | -74,313 | -74,314 | -74,314 |
| Cash Flow From Continuing Financing Activities | -45,214 | -80,108 | -74,313 | -74,314 | -74,314 |
| Changes In Cash | -182,688 | -99,131 | -170,609 | 118,156 | -84,461 |
| Beginning Cash Position | -17,200 | 81,931 | 252,540 | 134,384 | 218,845 |
| End Cash Position | -199,888 | -17,200 | 81,931 | 252,540 | 134,384 |
| Free Cash Flow | -100,061 | -5,070 | -83,665 | 194,472 | 5,055 |
| Interest Paid Supplemental Data | 2,784 | 1,739 | 3.00 | 628.00 | 0.00 |
| Asset Impairment Charge | 19,175 | 28,586 | -2,002 | -6,808 | 14,352 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Account Payable | -120,430 | 443,206 | -99,274 | 100,108 | 3,339 |
| Change In Prepaid Assets | 17,352 | -22,027 | 1,972 | 1,933 | 114,249 |
| Depreciation | 45,835 | 71,305 | 63,219 | 62,991 | 63,600 |
| Interest Paid Cff | -6,109 | -5,360 | -1,636 | -2,840 | -4,024 |
| Long Term Debt Payments | -39,105 | -74,748 | -72,677 | -71,474 | -70,290 |
| Net Income From Continuing Operations | -486,771 | -376,205 | -288,192 | -271,157 | 13,130 |
| Net Long Term Debt Issuance | -39,105 | -74,748 | -72,677 | -71,474 | -70,290 |
| Net Other Investing Changes | -37,413 | -13,953 | -12,631 | -2,002 | -15,202 |