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Rio2 Limited

Financial Statements (IFRS) · Amounts in CAD
5 10 All
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 0.00 0.00 0.00 0.00
Operating Revenue 0.00 0.00 0.00 0.00
Cost Of Revenue 96,000 1.9M 2.3M 76,169
Gross Profit -96,000 -1.9M -2.3M -76,169
Selling General And Administration 7.7M 5.2M 9.4M 8.8M
General And Administrative Expense 7.7M 5.2M 9.4M 8.8M
Other Operating Expenses 1.2M 861,000 2.2M 3.0M
Operating Expense 8.9M 6.1M 11.6M 11.8M
Operating Income -9.0M -8.0M -13.9M -11.9M
EBIT 2.6M -9.2M -83,530 -10.5M
Interest Expense 2.6M 3.1M 2.2M 0.00
Interest Expense Non Operating 2.6M 3.1M 2.2M 0.00
Interest Income 659,000 245,000 53,685 15,256
Interest Income Non Operating 659,000 245,000 53,685 15,256
Net Interest Income -1.9M -2.9M -2.1M 15,256
Other Income Expense 10.9M -1.5M 13.8M 1.4M
Other Non Operating Income Expenses 605,000 571,000 104,606 --
Special Income Charges 408,000 0.00 5.0M 1.6M
Gain On Sale Of Security 9.9M -2.1M 8.7M -239,110
Pretax Income -8,000 -12.3M -2.3M -10.5M
Tax Provision 13,000 16,000 33,017 16,069
Tax Effect Of Unusual Items 1.5M -829,600 3.6M 361,127
Net Income From Continuing And Discontinued Operation -21,000 -12.4M -2.3M -10.5M
Net Income From Continuing Operation Net Minority Interest -21,000 -12.4M -2.3M -10.5M
Net Income Including Noncontrolling Interests -21,000 -12.4M -2.3M -10.5M
Net Income Common Stockholders -21,000 -12.4M -2.3M -10.5M
Net Income -21,000 -12.4M -2.3M -10.5M
EBITDA 2.8M -7.2M 2.4M -10.2M
Normalized EBITDA -7.4M -5.1M -11.2M -11.6M
Reconciled Depreciation 242,000 2.0M 2.5M 293,108
Basic EPS 0.00 -0.05 -0.01 -0.05
Diluted EPS 0.00 -0.05 -0.01 -0.05
Basic Average Shares 320.0M 258.5M 256.8M 220.2M
Diluted Average Shares 320.0M 258.5M 256.8M 220.2M
Total Unusual Items 10.3M -2.1M 13.7M 1.4M
Total Unusual Items Excluding Goodwill 10.3M -2.1M 13.7M 1.4M
Tax Rate For Calcs 0.15 0.40 0.26 0.27
Normalized Income -8.8M -11.1M -12.4M -11.5M
Diluted NI Availto Com Stockholders -21,000 -12.4M -2.3M -10.5M
Gain On Sale Of Ppe 408,000 0.00 5.0M 1.6M
Net Income Continuous Operations -21,000 -12.4M -2.3M -10.5M
Net Non Operating Interest Income Expense -1.9M -2.9M -2.1M 15,256
Other Gand A 2.0M 1.4M 1.0M 980,342
Reconciled Cost Of Revenue 96,000 1.9M 2.3M 76,169
Salaries And Wages 5.7M 3.8M 8.4M 7.8M
Total Expenses 9.0M 8.0M 13.9M 11.9M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 45.0M 4.6M 4.7M 21.3M
Cash Cash Equivalents And Short Term Investments 45.0M 4.6M 4.7M 21.4M
Cash Equivalents 46,000 46,000 -- --
Cash Financial 45.0M 4.5M 4.7M 21.3M
Other Short Term Investments -- 46,000 46,000 46,000
Accounts Receivable -- 0.00 124,481 0.00
Receivables 72,000 13,000 364,124 248,738
Prepaid Assets 324,000 285,000 411,327 1.5M
Current Assets 45.4M 4.9M 5.5M 23.1M
Gross PPE 112.1M 97.3M 95.6M 62.9M
Accumulated Depreciation -3.4M -4.4M -2.5M -234,476
Net PPE 108.6M 92.9M 93.1M 62.6M
Other Non Current Assets 4.5M -- -- --
Total Non Current Assets 128.4M 103.5M 109.6M 72.6M
Total Assets 173.8M 108.4M 115.1M 95.7M
Current Debt And Capital Lease Obligation 143,000 151,000 208,827 189,799
Accounts Payable 8.8M 254,000 1.3M 2.8M
Payables 8.8M 254,000 1.3M 2.8M
Payables And Accrued Expenses 9.5M 484,000 1.5M 3.5M
Current Accrued Expenses 750,000 230,000 164,775 713,442
Current Liabilities 9.7M 635,000 1.7M 3.7M
Long Term Debt And Capital Lease Obligation 146,000 314,000 504,574 295,515
Long Term Capital Lease Obligation 146,000 314,000 504,574 295,515
Total Non Current Liabilities Net Minority Interest 39.0M 34.6M 31.5M 3.7M
Total Liabilities Net Minority Interest 48.7M 35.2M 33.2M 7.3M
Common Stock 192.8M 128.8M 128.5M 127.2M
Capital Stock 192.8M 128.8M 128.5M 127.2M
Retained Earnings -63.5M -63.4M -51.1M -48.8M
Gains Losses Not Affecting Retained Earnings -4.2M 7.8M 4.4M 9.9M
Other Equity Adjustments -4.2M 7.8M 4.4M 9.9M
Common Stock Equity 125.1M 73.2M 81.8M 88.4M
Stockholders Equity 125.1M 73.2M 81.8M 88.4M
Total Equity Gross Minority Interest 125.1M 73.2M 81.8M 88.4M
Total Capitalization 125.1M 73.2M 81.8M 88.4M
Net Tangible Assets 125.1M 73.2M 81.8M 88.4M
Tangible Book Value 125.1M 73.2M 81.8M 88.4M
Working Capital 35.7M 4.3M 3.8M 19.4M
Invested Capital 125.1M 73.2M 81.8M 88.4M
Total Debt 289,000 465,000 713,401 485,314
Share Issued 426.4M 259.2M 257.6M 254.3M
Ordinary Shares Number 426.4M 259.2M 257.6M 254.3M
Buildings And Improvements -- 454,263 703,501 491,995
Capital Lease Obligations 289,000 465,000 713,401 485,314
Construction In Progress 1.5M 0.00 -- --
Current Capital Lease Obligation 143,000 151,000 208,827 189,799
Land And Improvements -- 2,174 2,174 2,174
Leases -- -- -- 491,995
Long Term Provisions 4.9M 4.0M 3.8M 3.4M
Machinery Furniture Equipment -- 668,246 601,998 556,423
Non Current Accounts Receivable 12.0M 10.6M 16.5M 9.9M
Non Current Deferred Assets 3.2M 0.00 -- --
Non Current Deferred Liabilities 34.0M 30.3M 27.2M 0.00
Non Current Deferred Revenue 34.0M 30.3M 27.2M 0.00
Other Properties 1.4M 1.1M -- 491,995
Other Receivables -- -- 126,084 --
Taxes Receivable 72,000 13,000 113,559 248,738
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -12.0M 2.0M -3.9M -9.3M
Cash Flow From Continuing Operating Activities -12.0M 2.0M -3.9M -9.3M
Depreciation And Amortization 242,000 2.0M 2.5M 293,108
Depreciation Amortization Depletion 242,000 2.0M 2.5M 293,108
Stock Based Compensation 572,000 1.1M 1.7M 1.9M
Change In Working Capital -1.3M 5.3M -8.5M -1.3M
Changes In Account Receivables -121,000 251,000 -250,565 0.00
Change In Receivables -1.6M 6.3M -6.7M -242,286
Change In Payables And Accrued Expense 195,000 -1.0M -2.9M 184,851
Other Non Cash Items -352,000 3.6M 2.7M 302,600
Capital Expenditure -4.5M -1.9M -31.6M -5.9M
Purchase Of PPE -4.5M -1.9M -31.6M -5.9M
Net PPE Purchase And Sale -4.5M -1.9M -31.6M -5.9M
Sale Of Investment -- -- 0.00 785,415
Net Investment Purchase And Sale -- -- 0.00 785,415
Investing Cash Flow -9.0M -1.9M -31.6M -2.1M
Cash Flow From Continuing Investing Activities -9.0M -1.9M -31.6M -2.1M
Repayment Of Debt -155,000 -181,000 -264,484 -232,264
Net Issuance Payments Of Debt -155,000 -181,000 -264,484 -232,264
Issuance Of Capital Stock 65.8M 0.00 0.00 26.5M
Net Common Stock Issuance 65.8M 0.00 0.00 26.5M
Financing Cash Flow 61.9M -181,000 25.9M 31.0M
Cash Flow From Continuing Financing Activities 61.9M -181,000 25.9M 31.0M
Effect Of Exchange Rate Changes -484,000 7,000 -7.1M -762,435
Changes In Cash 40.9M -137,000 -9.6M 19.5M
Beginning Cash Position 4.6M 4.7M 21.3M 2.6M
End Cash Position 45.0M 4.6M 4.7M 21.3M
Free Cash Flow -16.5M 44,000 -35.5M -15.2M
Amortization Cash Flow -- 2.0M 2.5M 293,108
Amortization Of Intangibles -- 2.0M 2.5M 293,108
Change In Prepaid Assets 82,000 126,000 1.1M -1.3M
Common Stock Issuance 65.8M 0.00 0.00 26.5M
Depreciation 242,000 2.0M -- --
Gain Loss On Sale Of PPE -408,000 0.00 -- --
Long Term Debt Payments -155,000 -181,000 -264,484 -232,264
Net Foreign Currency Exchange Gain Loss -10.7M 2.3M -- --
Net Income From Continuing Operations -21,000 -12.4M -2.3M -10.5M
Net Long Term Debt Issuance -155,000 -181,000 -264,484 -232,264
Net Other Financing Charges -4.5M -- 25.0M --
Net Other Investing Changes -4.5M -- -- 2.9M
Operating Gains Losses -11.1M 2.3M -- --
Proceeds From Stock Option Exercised 752,000 0.00 1.1M 4.7M
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