Sherritt International Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Total Revenue | 55.5M | 39.7M | 43.7M | 38.4M | 45.7M | -- | -- |
| Operating Revenue | 65.5M | 36.8M | 43.7M | 38.4M | 45.7M | -- | -- |
| Cost Of Revenue | 52.2M | 28.1M | 32.4M | 50.7M | 43.8M | -- | -- |
| Gross Profit | 3.3M | 11.6M | 11.3M | -12.3M | 1.9M | -- | -- |
| Selling General And Administration | 9.0M | 7.2M | 11.7M | 7.8M | 6.8M | -- | -- |
| General And Administrative Expense | 9.0M | 7.2M | 11.7M | 7.8M | 6.8M | -- | -- |
| Depreciation And Amortization In Income Statement | 200,000 | 400,000 | 200,000 | 300,000 | 200,000 | -- | -- |
| Other Operating Expenses | 100,000 | 100,000 | -- | 100,000 | 0.00 | 100,000 | -- |
| Operating Expense | 9.3M | 7.7M | 11.9M | 8.2M | 7.0M | -- | -- |
| Operating Income | -6.0M | 3.9M | -600,000 | -20.5M | -5.1M | -- | -- |
| EBIT | -7.4M | -10.3M | 18.5M | -30.9M | -11.9M | -- | -- |
| Interest Expense | 7.7M | 7.8M | 8.3M | 8.9M | 9.3M | -- | -- |
| Interest Expense Non Operating | 7.7M | 7.8M | 8.3M | 8.9M | 9.3M | -- | -- |
| Interest Income | 800,000 | 200,000 | 1.1M | 1.0M | 1.3M | -- | -- |
| Interest Income Non Operating | 800,000 | 200,000 | 1.1M | 1.0M | 1.3M | -- | -- |
| Net Interest Income | -7.4M | -7.7M | -2.3M | -12.8M | -8.0M | -- | -- |
| Other Income Expense | -2.6M | -14.3M | 13.1M | -6.5M | -8.1M | -- | -- |
| Special Income Charges | -2.2M | -900,000 | 32.3M | 0.00 | -8.4M | -- | -- |
| Restructuring And Mergern Acquisition | 2.2M | 900,000 | 100,000 | 0.00 | 0.00 | -- | -- |
| Gain On Sale Of Security | 3.1M | 2.3M | -500,000 | 4.9M | 3.7M | -- | -- |
| Earnings From Equity Interest | -3.5M | -15.7M | -18.7M | -11.4M | -3.4M | -- | -- |
| Pretax Income | -15.1M | -18.1M | 10.2M | -39.8M | -21.2M | -- | -- |
| Tax Provision | 600,000 | 1.4M | -200,000 | 800,000 | 1.3M | -- | -- |
| Tax Effect Of Unusual Items | 135,000 | 210,000 | 4.8M | 735,000 | -705,000 | -- | -- |
| Net Income From Continuing And Discontinued Operation | -15.8M | -19.5M | 10.2M | -40.6M | -22.9M | -- | -- |
| Net Income From Continuing Operation Net Minority Interest | -15.7M | -19.5M | 10.4M | -40.6M | -22.5M | -- | -- |
| Net Income Including Noncontrolling Interests | -15.8M | -19.5M | 10.2M | -40.6M | -22.9M | -- | -- |
| Net Income Common Stockholders | -15.8M | -19.5M | 10.2M | -40.6M | -22.9M | -- | -- |
| Net Income | -15.8M | -19.5M | 10.2M | -40.6M | -22.9M | -- | -- |
| EBITDA | -3.3M | -7.1M | 22.0M | -27.6M | -8.2M | -- | -- |
| Normalized EBITDA | -4.2M | -8.5M | -9.8M | -32.5M | -3.5M | -- | -- |
| Reconciled Depreciation | 4.1M | 3.2M | 3.5M | 3.3M | 3.7M | -- | -- |
| Basic EPS | -- | -0.04 | 0.02 | -0.10 | -- | 0.01 | -0.03 |
| Diluted EPS | -- | -0.04 | 0.02 | -0.10 | -- | 0.01 | -0.03 |
| Basic Average Shares | -- | 496.3M | 474.5M | 397.3M | -- | 397.3M | 397.3M |
| Diluted Average Shares | -- | 496.3M | 474.5M | 397.3M | -- | 397.3M | 397.3M |
| Total Unusual Items | 900,000 | 1.4M | 31.8M | 4.9M | -4.7M | -- | -- |
| Total Unusual Items Excluding Goodwill | 900,000 | 1.4M | 31.8M | 4.9M | -4.7M | -- | -- |
| Tax Rate For Calcs | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | -- | -- |
| Normalized Income | -16.5M | -20.7M | -16.6M | -44.8M | -18.5M | -- | -- |
| Depreciation Amortization Depletion Income Statement | 200,000 | 400,000 | 200,000 | 300,000 | 200,000 | -- | -- |
| Depreciation Income Statement | 200,000 | 400,000 | 200,000 | 300,000 | 200,000 | -- | -- |
| Diluted NI Availto Com Stockholders | -15.8M | -19.5M | 10.2M | -40.6M | -22.9M | -- | -- |
| Net Income Continuous Operations | -15.7M | -19.5M | 10.4M | -40.6M | -22.5M | -- | -- |
| Net Income Discontinuous Operations | -100,000 | 0.00 | -200,000 | 0.00 | -400,000 | -- | -- |
| Net Non Operating Interest Income Expense | -7.4M | -7.7M | -2.3M | -12.8M | -8.0M | -- | -- |
| Other Gand A | 2.5M | 2.2M | 6.1M | 1.2M | 2.2M | -- | -- |
| Other Special Charges | 0.00 | -- | -32.4M | -- | 0.00 | -1.1M | -700,000 |
| Reconciled Cost Of Revenue | 48.3M | 25.3M | 29.1M | 47.7M | 40.3M | -- | -- |
| Salaries And Wages | 6.5M | 5.0M | 5.6M | 6.6M | 4.6M | -- | -- |
| Total Expenses | 61.5M | 35.8M | 44.3M | 58.9M | 50.8M | -- | -- |
| Total Other Finance Cost | 500,000 | 100,000 | -4.9M | 4.9M | -- | 4.0M | -- |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 21.6M | 8.8M | 17.8M | 28.4M | 34.3M | -- | -- |
| Cash Cash Equivalents And Short Term Investments | 21.6M | 8.8M | 17.8M | 28.4M | 34.3M | -- | -- |
| Accounts Receivable | 63.2M | 42.6M | 52.1M | 62.2M | 92.2M | -- | -- |
| Receivables | 100.6M | 78.6M | 117.8M | 137.4M | 185.0M | -- | -- |
| Inventory | 37.8M | 49.4M | 42.4M | 42.4M | 43.3M | -- | -- |
| Prepaid Assets | 11.3M | 13.9M | 9.5M | 7.1M | 9.4M | -- | -- |
| Other Current Assets | -- | -- | 100,000 | -- | -- | -- | -- |
| Current Assets | 274.6M | 262.4M | 291.7M | 323.9M | 384.8M | -- | -- |
| Gross PPE | 644.8M | -- | -- | -- | 665.8M | -- | -- |
| Accumulated Depreciation | -493.1M | -- | -- | -- | -513.7M | -- | -- |
| Net PPE | 151.7M | 151.7M | 151.6M | 154.5M | 152.1M | -- | -- |
| Goodwill And Other Intangible Assets | 6.4M | 6.6M | 6.6M | 7.0M | 7.1M | -- | -- |
| Other Intangible Assets | 6.4M | -- | -- | -- | 7.1M | -- | -- |
| Investments And Advances | 574.3M | 585.3M | 593.1M | 637.8M | 665.4M | -- | -- |
| Long Term Equity Investment | 574.3M | 585.3M | 593.1M | 637.8M | 665.4M | -- | -- |
| Other Non Current Assets | 800,000 | 800,000 | 800,000 | 900,000 | 700,000 | -- | -- |
| Total Non Current Assets | 952.7M | 956.3M | 939.3M | 989.6M | 998.0M | -- | -- |
| Total Assets | 1.2B | 1.2B | 1.2B | 1.3B | 1.4B | -- | -- |
| Current Debt | 79.6M | 67.3M | 66.8M | 67.5M | 67.2M | -- | -- |
| Current Debt And Capital Lease Obligation | 80.7M | 69.1M | 69.4M | 69.4M | 69.3M | -- | -- |
| Accounts Payable | 181.8M | 137.5M | 155.8M | 136.7M | 172.5M | -- | -- |
| Payables | 182.8M | 140.9M | 164.5M | 143.6M | 190.1M | -- | -- |
| Payables And Accrued Expenses | 182.8M | 140.9M | 164.5M | 143.6M | 190.1M | -- | -- |
| Current Deferred Revenue | 10.9M | 23.0M | 5.7M | 26.2M | 11.9M | -- | -- |
| Other Current Liabilities | -- | -- | -- | -- | 14.9M | 17.6M | 12.5M |
| Current Liabilities | 284.6M | 237.9M | 248.4M | 250.8M | 293.0M | -- | -- |
| Long Term Debt | 236.4M | 248.9M | 248.9M | 309.1M | 305.3M | -- | -- |
| Long Term Debt And Capital Lease Obligation | 242.9M | 255.3M | 255.0M | 316.5M | 313.0M | -- | -- |
| Long Term Capital Lease Obligation | 6.5M | 6.4M | 6.1M | 7.4M | 7.7M | -- | -- |
| Other Non Current Liabilities | 6.2M | 7.3M | 8.1M | 10.7M | 13.3M | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 430.9M | 445.2M | 438.4M | 508.2M | 492.4M | -- | -- |
| Total Liabilities Net Minority Interest | 715.5M | 683.1M | 686.8M | 759.0M | 785.4M | -- | -- |
| Common Stock | 2.9B | 2.9B | 2.9B | 2.9B | 2.9B | -- | -- |
| Capital Stock | 2.9B | 2.9B | 2.9B | 2.9B | 2.9B | -- | -- |
| Retained Earnings | -3.0B | -3.0B | -3.0B | -3.0B | -3.0B | -- | -- |
| Gains Losses Not Affecting Retained Earnings | 641.1M | 649.1M | 638.2M | 672.6M | 674.9M | -- | -- |
| Other Equity Adjustments | 641.1M | 649.1M | 638.2M | 672.6M | 674.9M | -- | -- |
| Common Stock Equity | 511.8M | 535.6M | 544.2M | 554.5M | 597.4M | -- | -- |
| Stockholders Equity | 511.8M | 535.6M | 544.2M | 554.5M | 597.4M | -- | -- |
| Total Equity Gross Minority Interest | 511.8M | 535.6M | 544.2M | 554.5M | 597.4M | -- | -- |
| Total Capitalization | 748.2M | 784.5M | 793.1M | 863.6M | 902.7M | -- | -- |
| Net Tangible Assets | 505.4M | 529.0M | 537.6M | 547.5M | 590.3M | -- | -- |
| Tangible Book Value | 505.4M | 529.0M | 537.6M | 547.5M | 590.3M | -- | -- |
| Working Capital | -10.0M | 24.5M | 43.3M | 73.1M | 91.8M | -- | -- |
| Invested Capital | 827.8M | 851.8M | 859.9M | 931.1M | 969.9M | -- | -- |
| Total Debt | 323.6M | 324.4M | 324.4M | 385.9M | 382.3M | -- | -- |
| Net Debt | 294.4M | 307.4M | 297.9M | 348.2M | 338.2M | -- | -- |
| Share Issued | 496.3M | 496.3M | 496.3M | 397.3M | 397.3M | -- | -- |
| Ordinary Shares Number | 496.3M | 496.3M | 496.3M | 397.3M | 397.3M | -- | -- |
| Allowance For Doubtful Accounts Receivable | -19.5M | -20.1M | -19.7M | -20.4M | -20.3M | -- | -- |
| Capital Lease Obligations | 7.6M | 8.2M | 8.7M | 9.3M | 9.8M | -- | -- |
| Current Capital Lease Obligation | 1.1M | 1.8M | 2.6M | 1.9M | 2.1M | -- | -- |
| Current Deferred Liabilities | 10.9M | 23.0M | 5.7M | 26.2M | 11.9M | -- | -- |
| Current Provisions | 5.3M | 3.3M | 7.3M | 10.2M | 4.8M | -- | -- |
| Duefrom Related Parties Current | 16.9M | 8.4M | 21.3M | 30.0M | 37.6M | -- | -- |
| Employee Benefits | 1.5M | 1.2M | 1.3M | 900,000 | 1.2M | -- | -- |
| Finished Goods | 6.9M | -- | -- | -- | 10.8M | -- | -- |
| Gross Accounts Receivable | 82.7M | 62.7M | 71.8M | 82.6M | 112.5M | -- | -- |
| Hedging Assets Current | -- | -- | -- | -- | -- | 2.9M | 5.6M |
| Income Tax Payable | 1.0M | 1.5M | 200,000 | 1.0M | 1.7M | -- | -- |
| Investmentsin Joint Venturesat Cost | 574.3M | 585.3M | 593.1M | 637.8M | 665.4M | -- | -- |
| Line Of Credit | -- | 67.3M | 66.8M | 67.5M | 67.2M | 66.6M | -- |
| Loans Receivable | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Long Term Provisions | 105.7M | 108.9M | 107.6M | 114.2M | 104.7M | -- | -- |
| Machinery Furniture Equipment | 630.4M | -- | -- | -- | 651.3M | -- | -- |
| Non Current Accounts Receivable | 218.4M | 210.8M | 186.1M | 188.3M | 171.6M | -- | -- |
| Non Current Deferred Assets | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | -- | -- |
| Non Current Deferred Liabilities | 1.0M | 900,000 | 900,000 | 900,000 | 900,000 | -- | -- |
| Non Current Deferred Taxes Assets | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | -- | -- |
| Non Current Deferred Taxes Liabilities | 1.0M | 900,000 | 900,000 | 900,000 | 900,000 | -- | -- |
| Other Current Borrowings | 79.6M | -- | -- | -- | -- | -- | -- |
| Other Payable | -- | 1.9M | 8.5M | 5.9M | 15.9M | -- | -- |
| Other Properties | 14.4M | -- | -- | -- | 14.5M | -- | -- |
| Other Receivables | 20.5M | 27.6M | 44.4M | 45.2M | 55.2M | -- | -- |
| Pensionand Other Post Retirement Benefit Plans Current | 4.9M | 1.6M | 1.5M | 1.4M | 2.0M | -- | -- |
| Raw Materials | 30.5M | -- | -- | -- | 32.3M | -- | -- |
| Restricted Cash | 103.3M | 111.7M | 104.1M | 108.6M | 112.8M | -- | -- |
| Total Tax Payable | 1.0M | 1.5M | 200,000 | 1.0M | 1.7M | -- | -- |
| Tradeand Other Payables Non Current | 73.6M | 71.6M | 65.5M | 65.0M | 59.3M | -- | -- |
| Work In Process | 400,000 | -- | -- | -- | 200,000 | -- | -- |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 12.1M | 2.4M | 5.6M | 900,000 | -21.5M | -- | -- |
| Cash Flow From Continuing Operating Activities | 12.1M | 2.5M | 5.6M | 1.0M | -21.5M | -- | -- |
| Depreciation Amortization Depletion | 4.1M | 3.2M | 3.5M | 3.3M | 3.7M | -- | -- |
| Stock Based Compensation | 1.8M | 500,000 | 600,000 | 400,000 | -3.2M | -- | -- |
| Deferred Tax | 600,000 | 1.4M | -200,000 | 800,000 | 1.3M | -- | -- |
| Deferred Income Tax | 600,000 | 1.4M | -200,000 | 800,000 | 1.3M | -- | -- |
| Change In Working Capital | 23.0M | -400,000 | 21.2M | 1.1M | -30.0M | -- | -- |
| Changes In Account Receivables | -27.9M | 21.4M | 19.4M | 32.0M | -14.0M | -- | -- |
| Change In Receivables | -27.9M | 21.4M | 19.4M | 32.0M | -14.0M | -- | -- |
| Change In Inventory | 10.7M | -6.5M | -1.0M | -4.0M | 3.0M | -- | -- |
| Change In Payables And Accrued Expense | 50.7M | -27.1M | 26.7M | -42.7M | 0.00 | -- | -- |
| Change In Other Working Capital | -13.0M | 16.1M | -21.5M | 13.5M | -23.0M | -- | -- |
| Other Non Cash Items | 25.7M | 4.9M | -34.0M | 16.9M | 33.1M | -- | -- |
| Capital Expenditure | -5.8M | -2.7M | -4.4M | -3.1M | -200,000 | -- | -- |
| Investing Cash Flow | -5.2M | -2.5M | -2.9M | -2.9M | 11.9M | -- | -- |
| Cash Flow From Continuing Investing Activities | -5.2M | -2.5M | -2.9M | -2.9M | 11.9M | -- | -- |
| Issuance Of Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- |
| Repayment Of Debt | 0.00 | 0.00 | 0.00 | -- | 0.00 | -1.1M | -- |
| Net Issuance Payments Of Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- |
| Financing Cash Flow | -500,000 | -3.5M | -10.9M | -8.0M | -600,000 | -- | -- |
| Cash Flow From Continuing Financing Activities | -500,000 | -3.5M | -10.9M | -8.0M | -600,000 | -- | -- |
| Effect Of Exchange Rate Changes | -1.7M | 2.2M | -5.8M | -100,000 | 7.3M | -- | -- |
| Changes In Cash | 6.4M | -3.6M | -8.2M | -10.0M | -10.2M | -- | -- |
| Beginning Cash Position | 120.2M | 121.6M | 135.6M | 145.7M | 148.6M | -- | -- |
| End Cash Position | 124.9M | 120.2M | 121.6M | 135.6M | 145.7M | -- | -- |
| Free Cash Flow | 6.3M | -300,000 | 1.2M | -2.2M | -21.7M | -- | -- |
| Asset Impairment Charge | 200,000 | 200,000 | 0.00 | -2.6M | 8.5M | -- | -- |
| Capital Expenditure Reported | -5.8M | -2.7M | -4.4M | -3.1M | -200,000 | -- | -- |
| Cash From Discontinued Operating Activities | 0.00 | -100,000 | 0.00 | -100,000 | 0.00 | -- | -- |
| Change In Prepaid Assets | 2.5M | -4.3M | -2.4M | 2.3M | 4.0M | -- | -- |
| Dividend Received Cfo | -- | -- | -- | -- | -- | 0.00 | 0.00 |
| Earnings Losses From Equity Investments | 3.5M | 15.7M | 18.7M | 11.4M | 3.4M | -- | -- |
| Gain Loss On Investment Securities | -1.0M | -2.7M | -600,000 | -3.6M | -5.0M | -- | -- |
| Interest Paid Cfo | -14.0M | -1.4M | -10.2M | -1.5M | -11.5M | -- | -- |
| Interest Received Cfo | 500,000 | 200,000 | 200,000 | 600,000 | 1.1M | -- | -- |
| Long Term Debt Issuance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- |
| Long Term Debt Payments | 0.00 | 0.00 | 0.00 | -- | 0.00 | -1.1M | -- |
| Net Foreign Currency Exchange Gain Loss | -1.1M | 1.0M | -1.0M | 600,000 | 1.5M | -- | -- |
| Net Income From Continuing Operations | -15.7M | -19.5M | 10.4M | -40.6M | -22.5M | -- | -- |
| Net Long Term Debt Issuance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- |
| Net Other Financing Charges | -500,000 | -3.5M | -10.9M | -8.0M | -600,000 | -- | -- |
| Net Other Investing Changes | 600,000 | 200,000 | 1.5M | 200,000 | 12.1M | -- | -- |
| Operating Gains Losses | 1.4M | 14.0M | 17.1M | 8.4M | -100,000 | -- | -- |
| Provisionand Write Offof Assets | -- | 0.00 | -2.4M | 15.7M | -- | -1.8M | -500,000 |
| Taxes Refund Paid | -1.0M | 0.00 | -600,000 | -1.5M | -600,000 | -- | -- |
| Unrealized Gain Loss On Investment Securities | -- | -600,000 | -- | -- | -- | 0.00 | -- |