Sherritt International Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 177.3M | 158.8M | 223.3M | 178.8M | -- |
| Operating Revenue | 177.3M | 158.8M | 223.3M | 178.8M | -- |
| Cost Of Revenue | 163.4M | 138.5M | 265.5M | 162.7M | -- |
| Gross Profit | 13.9M | 20.3M | -42.2M | 16.1M | -- |
| Selling General And Administration | 34.8M | 33.3M | 21.7M | 35.0M | -- |
| General And Administrative Expense | 34.8M | 33.3M | 21.7M | 35.0M | -- |
| Depreciation And Amortization In Income Statement | 1.1M | 1.2M | 1.4M | 1.7M | -- |
| Other Operating Expenses | 300,000 | 200,000 | 300,000 | 300,000 | -- |
| Operating Expense | 36.2M | 34.7M | 23.4M | 86.4M | -- |
| Operating Income | -22.3M | -14.4M | -65.6M | -70.3M | -- |
| EBIT | -30.1M | -32.6M | -26.6M | 109.5M | -- |
| Interest Expense | 32.7M | 37.9M | 35.5M | 46.2M | -- |
| Interest Expense Non Operating | 32.7M | 37.9M | 35.5M | 46.2M | -- |
| Interest Income | 3.1M | 4.4M | 7.2M | 12.0M | -- |
| Interest Income Non Operating | 3.1M | 4.4M | 7.2M | 12.0M | -- |
| Net Interest Income | -33.0M | -33.3M | -35.9M | -38.2M | -- |
| Other Income Expense | -7.5M | -22.8M | 39.4M | 171.8M | -- |
| Special Income Charges | 29.2M | -8.8M | 3.5M | 19.4M | -- |
| Restructuring And Mergern Acquisition | 3.2M | 2.2M | 0.00 | 200,000 | -- |
| Write Off | -- | -- | -14.7M | -2.4M | 0.00 |
| Gain On Sale Of Security | 12.6M | 4.7M | 14.0M | 11.6M | -- |
| Earnings From Equity Interest | -49.3M | -18.7M | 21.9M | 140.8M | -- |
| Pretax Income | -62.8M | -70.5M | -62.1M | 63.3M | -- |
| Tax Provision | 2.6M | 2.6M | 2.2M | -400,000 | -- |
| Tax Effect Of Unusual Items | 6.3M | -615,000 | 7.0M | 8.1M | -- |
| Net Income From Continuing And Discontinued Operation | -65.7M | -72.8M | -64.6M | 63.5M | -- |
| Net Income From Continuing Operation Net Minority Interest | -65.4M | -73.1M | -64.3M | 63.7M | -- |
| Net Income Including Noncontrolling Interests | -65.7M | -72.8M | -64.6M | 63.5M | -- |
| Net Income Common Stockholders | -65.7M | -72.8M | -64.6M | 63.5M | -- |
| Net Income | -65.7M | -72.8M | -64.6M | 63.5M | -- |
| EBITDA | -16.0M | -18.6M | -12.3M | 135.5M | -- |
| Normalized EBITDA | -57.8M | -14.5M | -29.8M | 104.5M | -- |
| Reconciled Depreciation | 14.1M | 14.0M | 14.3M | 26.0M | -- |
| Basic EPS | -0.14 | -0.18 | -0.16 | 0.16 | -- |
| Diluted EPS | -0.14 | -0.18 | -0.16 | 0.16 | -- |
| Basic Average Shares | 466.5M | 397.3M | 397.3M | 397.3M | -- |
| Diluted Average Shares | 466.5M | 397.3M | 397.3M | 397.3M | -- |
| Total Unusual Items | 41.8M | -4.1M | 17.5M | 31.0M | -- |
| Total Unusual Items Excluding Goodwill | 41.8M | -4.1M | 17.5M | 31.0M | -- |
| Tax Rate For Calcs | 0.15 | 0.15 | 0.40 | 0.26 | -- |
| Normalized Income | -100.9M | -69.6M | -74.8M | 40.8M | -- |
| Depreciation Amortization Depletion Income Statement | 1.1M | 1.2M | 1.4M | 1.7M | -- |
| Depreciation Income Statement | 1.1M | 1.2M | 1.4M | 1.7M | -- |
| Diluted NI Availto Com Stockholders | -65.7M | -72.8M | -64.6M | 63.5M | -- |
| Impairment Of Capital Assets | 0.00 | 8.4M | 0.00 | 1.3M | -- |
| Net Income Continuous Operations | -65.4M | -73.1M | -64.3M | 63.7M | -- |
| Net Income Discontinuous Operations | -300,000 | 300,000 | -300,000 | -200,000 | -- |
| Net Non Operating Interest Income Expense | -33.0M | -33.3M | -35.9M | -38.2M | -- |
| Other Gand A | 12.0M | 6.6M | 4.8M | 2.3M | -- |
| Other Special Charges | -32.4M | -1.8M | -3.5M | -20.9M | -- |
| Provision For Doubtful Accounts | -- | -- | 0.00 | 49.4M | 3.5M |
| Reconciled Cost Of Revenue | 150.4M | 125.7M | 252.6M | 138.4M | -- |
| Salaries And Wages | 22.8M | 26.7M | 16.9M | 32.7M | -- |
| Total Expenses | 199.6M | 173.2M | 288.9M | 249.1M | -- |
| Total Operating Income As Reported | -74.5M | -43.5M | -43.4M | 118.7M | -- |
| Total Other Finance Cost | 3.4M | -200,000 | 7.6M | 4.0M | -- |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 21.6M | 34.3M | 25.2M | 27.2M | -- |
| Cash Cash Equivalents And Short Term Investments | 21.6M | 34.3M | 25.2M | 27.2M | -- |
| Cash Equivalents | -- | -- | 100,000 | 200,000 | 16.1M |
| Cash Financial | -- | -- | 119.0M | 123.7M | 129.5M |
| Accounts Receivable | 63.2M | 92.2M | 81.1M | 136.3M | -- |
| Receivables | 100.6M | 185.0M | 230.9M | 261.2M | -- |
| Inventory | 37.8M | 43.3M | 39.8M | 37.7M | -- |
| Prepaid Assets | 11.3M | 9.4M | 7.8M | 5.1M | -- |
| Current Assets | 274.6M | 384.8M | 399.0M | 429.3M | -- |
| Gross PPE | 644.8M | 665.8M | 813.8M | 797.8M | -- |
| Accumulated Depreciation | -493.1M | -513.7M | -647.1M | -641.9M | -- |
| Net PPE | 151.7M | 152.1M | 166.7M | 155.9M | -- |
| Goodwill And Other Intangible Assets | 6.4M | 7.1M | 7.0M | 6.5M | -- |
| Other Intangible Assets | 6.4M | 7.1M | 7.0M | 6.5M | -- |
| Investments And Advances | 574.3M | 665.4M | 646.7M | 756.0M | -- |
| Long Term Equity Investment | 574.3M | 665.4M | 646.7M | 756.0M | -- |
| Other Non Current Assets | 800,000 | 700,000 | 600,000 | 800,000 | -- |
| Total Non Current Assets | 952.7M | 998.0M | 991.6M | 1.1B | -- |
| Total Assets | 1.2B | 1.4B | 1.4B | 1.6B | -- |
| Current Debt | 79.6M | 67.2M | 56.8M | 46.5M | -- |
| Current Debt And Capital Lease Obligation | 80.7M | 69.3M | 58.7M | 48.5M | -- |
| Accounts Payable | 181.8M | 172.5M | 169.2M | 209.7M | -- |
| Payables | 182.8M | 190.1M | 187.8M | 225.1M | -- |
| Payables And Accrued Expenses | 182.8M | 190.1M | 187.8M | 225.1M | -- |
| Current Deferred Revenue | 10.9M | 11.9M | 12.2M | 12.9M | -- |
| Other Current Liabilities | -- | 14.9M | 22.5M | 37.2M | 7.4M |
| Current Liabilities | 284.6M | 293.0M | 287.3M | 367.6M | -- |
| Long Term Debt | 236.4M | 305.3M | 298.8M | 304.4M | -- |
| Long Term Debt And Capital Lease Obligation | 242.9M | 313.0M | 307.9M | 315.0M | -- |
| Long Term Capital Lease Obligation | 6.5M | 7.7M | 9.1M | 10.6M | -- |
| Other Non Current Liabilities | 6.2M | 13.3M | 16.1M | 12.6M | -- |
| Total Non Current Liabilities Net Minority Interest | 430.9M | 492.4M | 489.7M | 493.1M | -- |
| Total Liabilities Net Minority Interest | 715.5M | 785.4M | 777.0M | 860.7M | -- |
| Common Stock | 2.9B | 2.9B | 2.9B | 2.9B | -- |
| Capital Stock | 2.9B | 2.9B | 2.9B | 2.9B | -- |
| Retained Earnings | -3.0B | -3.0B | -2.9B | -2.8B | -- |
| Gains Losses Not Affecting Retained Earnings | 641.1M | 674.9M | 618.3M | 635.0M | -- |
| Other Equity Adjustments | 641.1M | 674.9M | 618.3M | 635.0M | -- |
| Common Stock Equity | 511.8M | 597.4M | 613.6M | 694.9M | -- |
| Stockholders Equity | 511.8M | 597.4M | 613.6M | 694.9M | -- |
| Total Equity Gross Minority Interest | 511.8M | 597.4M | 613.6M | 694.9M | -- |
| Total Capitalization | 748.2M | 902.7M | 912.4M | 999.3M | -- |
| Net Tangible Assets | 505.4M | 590.3M | 606.6M | 688.4M | -- |
| Tangible Book Value | 505.4M | 590.3M | 606.6M | 688.4M | -- |
| Working Capital | -10.0M | 91.8M | 111.7M | 61.7M | -- |
| Invested Capital | 827.8M | 969.9M | 969.2M | 1.0B | -- |
| Total Debt | 323.6M | 382.3M | 366.6M | 363.5M | -- |
| Net Debt | 294.4M | 338.2M | 330.4M | 323.7M | -- |
| Share Issued | 496.3M | 397.3M | 397.3M | 397.3M | -- |
| Ordinary Shares Number | 496.3M | 397.3M | 397.3M | 397.3M | -- |
| Allowance For Doubtful Accounts Receivable | -19.5M | -20.3M | -18.9M | -19.5M | -- |
| Available For Sale Securities | -- | -- | 170.2M | 207.1M | 190.2M |
| Capital Lease Obligations | 7.6M | 9.8M | 11.0M | 12.6M | -- |
| Current Capital Lease Obligation | 1.1M | 2.1M | 1.9M | 2.0M | -- |
| Current Deferred Liabilities | 10.9M | 11.9M | 12.2M | 12.9M | -- |
| Current Provisions | 5.3M | 4.8M | 24.4M | 15.7M | -- |
| Duefrom Related Parties Current | 16.9M | 37.6M | 44.7M | 27.4M | -- |
| Employee Benefits | 1.5M | 1.2M | 2.5M | 6.4M | -- |
| Finished Goods | 6.9M | 10.8M | 9.7M | 14.6M | -- |
| Gross Accounts Receivable | 82.7M | 112.5M | 100.0M | 155.8M | -- |
| Hedging Assets Current | -- | -- | -- | -- | 0.00 |
| Income Tax Payable | 1.0M | 1.7M | 2.2M | 1.0M | -- |
| Investmentin Financial Assets | -- | -- | 170.2M | 207.1M | 190.2M |
| Investmentsin Joint Venturesat Cost | 574.3M | 665.4M | 646.7M | 756.0M | -- |
| Line Of Credit | -- | 67.2M | 56.8M | 46.5M | 0.00 |
| Loans Receivable | -- | 0.00 | 30.3M | 0.00 | 17.3M |
| Long Term Provisions | 105.7M | 104.7M | 103.6M | 90.5M | -- |
| Machinery Furniture Equipment | 630.4M | 651.3M | 622.8M | 608.2M | -- |
| Non Current Accounts Receivable | 218.4M | 171.6M | 170.2M | 207.1M | -- |
| Non Current Deferred Assets | 1.1M | 1.1M | 400,000 | 0.00 | -- |
| Non Current Deferred Liabilities | 1.0M | 900,000 | 600,000 | 400,000 | -- |
| Non Current Deferred Taxes Assets | 1.1M | 1.1M | 400,000 | 0.00 | -- |
| Non Current Deferred Taxes Liabilities | 1.0M | 900,000 | 600,000 | 400,000 | -- |
| Non Current Note Receivables | -- | -- | 170.2M | 207.1M | 187.4M |
| Non Current Prepaid Assets | -- | -- | -- | -- | 190.2M |
| Other Current Borrowings | 79.6M | -- | -- | 46.5M | -- |
| Other Payable | -- | 15.9M | 16.4M | 14.4M | -- |
| Other Properties | 14.4M | 14.5M | 14.4M | 13.9M | -- |
| Other Receivables | 20.5M | 55.2M | 74.8M | 97.5M | -- |
| Pensionand Other Post Retirement Benefit Plans Current | 4.9M | 2.0M | 4.2M | 28.2M | -- |
| Raw Materials | 30.5M | 32.3M | 28.9M | 22.8M | -- |
| Restricted Cash | 103.3M | 112.8M | 95.3M | 98.1M | -- |
| Total Tax Payable | 1.0M | 1.7M | 2.2M | 1.0M | -- |
| Tradeand Other Payables Non Current | 73.6M | 59.3M | 59.0M | 68.2M | -- |
| Work In Process | 400,000 | 200,000 | 1.2M | 300,000 | -- |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | 21.0M | -26.1M | 27.3M | 88.7M | -- |
| Cash Flow From Continuing Operating Activities | 21.2M | -25.9M | 28.2M | 90.3M | -- |
| Depreciation And Amortization | -- | 14.0M | 14.3M | 26.0M | 35.0M |
| Depreciation Amortization Depletion | 14.1M | 14.0M | 14.3M | 26.0M | -- |
| Stock Based Compensation | 3.3M | -2.7M | -1.5M | 17.5M | -- |
| Deferred Tax | 2.6M | 2.6M | 2.2M | -400,000 | -- |
| Deferred Income Tax | 2.6M | 2.6M | 2.2M | -400,000 | -- |
| Change In Working Capital | 44.9M | 1.4M | -93.6M | -10.6M | -- |
| Changes In Account Receivables | 44.9M | 9.7M | -45.2M | -11.0M | -- |
| Change In Receivables | 44.9M | 9.7M | -45.2M | -11.0M | -- |
| Change In Inventory | -800,000 | 1.2M | -10.5M | -7.2M | -- |
| Change In Payables And Accrued Expense | 7.6M | -4.9M | -37.0M | 7.4M | -- |
| Change In Other Working Capital | -4.9M | -3.3M | 1.9M | 1.1M | -- |
| Other Non Cash Items | 13.5M | 34.2M | 227.3M | 41.2M | -- |
| Capital Expenditure | -16.0M | -6.8M | -21.3M | -28.5M | -- |
| Net PPE Purchase And Sale | -- | -- | 0.00 | 1.3M | 0.00 |
| Investing Cash Flow | -13.5M | 36.1M | -18.4M | -23.4M | -- |
| Cash Flow From Continuing Investing Activities | -13.5M | 36.1M | -18.4M | -23.4M | -- |
| Issuance Of Debt | 0.00 | 11.0M | 13.0M | 37.0M | -- |
| Repayment Of Debt | 0.00 | -1.9M | -7.8M | -125.2M | -- |
| Net Issuance Payments Of Debt | 0.00 | 9.1M | 5.2M | -88.2M | -- |
| Financing Cash Flow | -22.9M | 7.1M | -11.7M | -93.3M | -- |
| Cash Flow From Continuing Financing Activities | -22.9M | 7.1M | -11.7M | -93.3M | -- |
| Effect Of Exchange Rate Changes | -5.4M | 9.5M | -2.0M | 6.3M | -- |
| Changes In Cash | -15.4M | 17.1M | -2.8M | -28.0M | -- |
| Beginning Cash Position | 145.7M | 119.1M | 123.9M | 145.6M | -- |
| End Cash Position | 124.9M | 145.7M | 119.1M | 123.9M | -- |
| Free Cash Flow | 5.0M | -32.9M | 6.0M | 60.2M | -- |
| Interest Paid Supplemental Data | 27.1M | 25.9M | 28.3M | 32.0M | -- |
| Amortization Cash Flow | -- | 500,000 | 400,000 | 11.5M | 13.7M |
| Amortization Of Intangibles | -- | 500,000 | 400,000 | 11.5M | 13.7M |
| Asset Impairment Charge | 400,000 | 9.4M | 9.8M | 2.0M | -- |
| Capital Expenditure Reported | -16.0M | -6.8M | -21.3M | -28.5M | -- |
| Cash From Discontinued Operating Activities | -200,000 | -200,000 | -900,000 | -1.6M | -- |
| Change In Prepaid Assets | -1.9M | -1.3M | -2.8M | -900,000 | -- |
| Depreciation | -- | 13.5M | 13.9M | 14.5M | 21.3M |
| Dividend Received Cfo | -- | -- | 32.0M | 100.6M | 35.9M |
| Earnings Losses From Equity Investments | 49.3M | 18.7M | -21.9M | -140.8M | -- |
| Gain Loss On Investment Securities | -12.3M | -6.3M | -14.7M | -2.4M | -- |
| Interest Paid Cfo | -27.1M | -25.9M | -28.3M | -32.0M | -- |
| Interest Received Cfo | 1.5M | 5.0M | 2.8M | 2.8M | -- |
| Long Term Debt Issuance | 0.00 | 11.0M | 13.0M | 37.0M | -- |
| Long Term Debt Payments | 0.00 | -1.9M | -7.8M | -125.2M | -- |
| Net Foreign Currency Exchange Gain Loss | -500,000 | 2.4M | 700,000 | -5.2M | -- |
| Net Income From Continuing Operations | -65.4M | -73.1M | -64.3M | 63.7M | -- |
| Net Long Term Debt Issuance | 0.00 | 9.1M | 5.2M | -88.2M | -- |
| Net Other Financing Charges | -22.9M | -2.0M | -16.9M | -5.1M | -- |
| Net Other Investing Changes | 2.5M | 42.9M | 2.9M | 3.8M | -- |
| Operating Gains Losses | 36.5M | 13.0M | -39.4M | -169.3M | -- |
| Provisionand Write Offof Assets | -- | -- | 0.00 | 49.4M | 2.4M |
| Sale Of PPE | -- | -- | 0.00 | 1.3M | 0.00 |
| Taxes Refund Paid | -3.1M | -3.8M | -1.1M | -600,000 | -- |