SECURE Waste Infrastructure Corp.

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	Q4 2025Dec 31, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024	Q2 2024Jun 30, 2024
Total Revenue	-6.2B	2.5B	2.7B	2.6B	2.6B	2.6B
Operating Revenue	-6.2B	2.5B	2.7B	2.6B	2.6B	2.6B
Cost Of Revenue	-6.3B	2.4B	2.6B	2.5B	2.5B	2.5B
Gross Profit	112.0M	90.0M	108.0M	98.0M	115.0M	93.0M
Selling General And Administration	26.0M	27.0M	39.0M	31.0M	37.0M	32.0M
General And Administrative Expense	26.0M	27.0M	39.0M	31.0M	37.0M	32.0M
Depreciation And Amortization In Income Statement	2.0M	2.0M	2.0M	2.0M	2.0M	2.0M
Other Operating Expenses	2.0M	2.0M	2.0M	2.0M	2.0M	2.0M
Operating Expense	30.0M	31.0M	43.0M	35.0M	41.0M	36.0M
Operating Income	82.0M	59.0M	65.0M	63.0M	74.0M	57.0M
EBIT	88.0M	59.0M	61.0M	56.0M	74.0M	53.0M
Interest Expense	18.0M	17.0M	11.0M	10.0M	10.0M	10.0M
Interest Expense Non Operating	18.0M	17.0M	11.0M	10.0M	10.0M	10.0M
Net Interest Income	-19.0M	-17.0M	-12.0M	-10.0M	-10.0M	-11.0M
Other Income Expense	7.0M	--	-3.0M	-7.0M	--	-3.0M
Other Non Operating Income Expenses	8.0M	1.0M	1.0M	--	--	-1.0M
Special Income Charges	-1.0M	-1.0M	-4.0M	-22.0M	0.00	-2.0M
Restructuring And Mergern Acquisition	1.0M	1.0M	4.0M	2.0M	0.00	2.0M
Pretax Income	70.0M	42.0M	50.0M	46.0M	64.0M	43.0M
Tax Provision	17.0M	11.0M	12.0M	12.0M	-30.0M	11.0M
Tax Effect Of Unusual Items	-242,857	-261,905	-960,000	-5.7M	0.00	-511,628
Net Income From Continuing And Discontinued Operation	53.0M	31.0M	38.0M	34.0M	94.0M	32.0M
Net Income From Continuing Operation Net Minority Interest	53.0M	31.0M	38.0M	34.0M	94.0M	32.0M
Net Income Including Noncontrolling Interests	53.0M	31.0M	38.0M	34.0M	94.0M	32.0M
Net Income Common Stockholders	53.0M	31.0M	38.0M	34.0M	94.0M	32.0M
Net Income	53.0M	31.0M	38.0M	34.0M	94.0M	32.0M
EBITDA	136.0M	105.0M	106.0M	98.0M	119.0M	94.0M
Normalized EBITDA	137.0M	106.0M	110.0M	120.0M	119.0M	96.0M
Reconciled Depreciation	48.0M	46.0M	45.0M	42.0M	45.0M	41.0M
Basic EPS	--	0.14	0.16	--	0.39	0.12
Diluted EPS	--	0.14	0.16	--	0.39	0.12
Basic Average Shares	--	224.0M	232.2M	--	239.3M	262.5M
Diluted Average Shares	--	226.7M	236.0M	--	243.1M	265.9M
Total Unusual Items	-1.0M	-1.0M	-4.0M	-22.0M	0.00	-2.0M
Total Unusual Items Excluding Goodwill	-1.0M	-1.0M	-4.0M	-22.0M	0.00	-2.0M
Tax Rate For Calcs	0.24	0.26	0.24	0.26	0.15	0.26
Normalized Income	53.8M	31.7M	41.0M	50.3M	94.0M	33.5M
Amortization	1.0M	1.0M	0.00	1.0M	1.0M	1.0M
Amortization Of Intangibles Income Statement	1.0M	1.0M	0.00	1.0M	1.0M	1.0M
Depletion Income Statement	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation Amortization Depletion Income Statement	2.0M	2.0M	2.0M	2.0M	2.0M	2.0M
Depreciation Income Statement	1.0M	1.0M	2.0M	1.0M	1.0M	1.0M
Diluted NI Availto Com Stockholders	53.0M	31.0M	38.0M	34.0M	94.0M	32.0M
Gain On Sale Of Business	0.00	0.00	0.00	0.00	0.00	0.00
Net Income Continuous Operations	53.0M	31.0M	38.0M	34.0M	94.0M	32.0M
Net Non Operating Interest Income Expense	-19.0M	-17.0M	-12.0M	-10.0M	-10.0M	-11.0M
Other Gand A	8.0M	7.0M	11.0M	6.0M	11.0M	9.0M
Reconciled Cost Of Revenue	-6.3B	2.3B	2.5B	2.4B	2.5B	2.5B
Salaries And Wages	18.0M	20.0M	28.0M	25.0M	26.0M	23.0M
Total Expenses	-6.3B	2.4B	2.6B	2.5B	2.5B	2.6B
Total Operating Income As Reported	83.0M	60.0M	63.0M	63.0M	76.0M	57.0M
Total Other Finance Cost	1.0M	--	1.0M	0.00	--	1.0M

Line Item	Q4 2025Dec 31, 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	22.0M	31.0M	20.0M	26.0M	19.0M	7.0M
Cash Cash Equivalents And Short Term Investments	22.0M	31.0M	20.0M	26.0M	19.0M	7.0M
Cash Financial	22.0M	31.0M	20.0M	26.0M	--	--
Accounts Receivable	452.0M	486.0M	446.0M	504.0M	430.0M	495.0M
Receivables	452.0M	486.0M	446.0M	504.0M	430.0M	495.0M
Inventory	156.0M	143.0M	146.0M	143.0M	122.0M	172.0M
Other Current Assets	13.0M	20.0M	17.0M	15.0M	14.0M	19.0M
Current Assets	643.0M	680.0M	629.0M	688.0M	585.0M	713.0M
Gross PPE	3.0B	1.4B	1.4B	2.6B	1.3B	1.3B
Accumulated Depreciation	-1.5B	--	--	-1.3B	--	--
Net PPE	1.5B	1.4B	1.4B	1.3B	1.3B	1.3B
Goodwill	218.0M	218.0M	218.0M	204.0M	204.0M	204.0M
Goodwill And Other Intangible Assets	328.0M	335.0M	340.0M	291.0M	293.0M	296.0M
Other Intangible Assets	110.0M	117.0M	122.0M	87.0M	89.0M	92.0M
Other Non Current Assets	39.0M	31.0M	30.0M	41.0M	42.0M	28.0M
Total Non Current Assets	1.9B	1.8B	1.8B	1.6B	1.6B	1.6B
Total Assets	2.5B	2.5B	2.4B	2.3B	2.2B	2.3B
Current Debt And Capital Lease Obligation	32.0M	30.0M	30.0M	26.0M	26.0M	26.0M
Accounts Payable	464.0M	465.0M	494.0M	553.0M	460.0M	541.0M
Payables	471.0M	471.0M	495.0M	567.0M	479.0M	577.0M
Payables And Accrued Expenses	471.0M	471.0M	495.0M	567.0M	479.0M	577.0M
Current Deferred Revenue	0.00	8.0M	83.0M	70.0M	--	--
Other Current Liabilities	12.0M	4.0M	4.0M	3.0M	4.0M	4.0M
Current Liabilities	530.0M	523.0M	627.0M	681.0M	517.0M	618.0M
Long Term Debt	859.0M	843.0M	549.0M	339.0M	385.0M	413.0M
Long Term Debt And Capital Lease Obligation	988.0M	975.0M	681.0M	428.0M	482.0M	513.0M
Long Term Capital Lease Obligation	129.0M	132.0M	132.0M	89.0M	97.0M	100.0M
Other Non Current Liabilities	57.0M	13.0M	12.0M	14.0M	14.0M	14.0M
Total Non Current Liabilities Net Minority Interest	1.2B	1.1B	807.0M	558.0M	616.0M	658.0M
Total Liabilities Net Minority Interest	1.7B	1.7B	1.4B	1.2B	1.1B	1.3B
Common Stock	595.0M	637.0M	801.0M	863.0M	908.0M	962.0M
Capital Stock	595.0M	637.0M	801.0M	863.0M	908.0M	962.0M
Retained Earnings	105.0M	95.0M	86.0M	71.0M	60.0M	-10.0M
Gains Losses Not Affecting Retained Earnings	29.0M	28.0M	34.0M	34.0M	29.0M	31.0M
Common Stock Equity	792.0M	817.0M	974.0M	1.0B	1.1B	1.0B
Stockholders Equity	792.0M	817.0M	974.0M	1.0B	1.1B	1.0B
Total Equity Gross Minority Interest	792.0M	817.0M	974.0M	1.0B	1.1B	1.0B
Total Capitalization	1.7B	1.7B	1.5B	1.4B	1.4B	1.4B
Net Tangible Assets	464.0M	482.0M	634.0M	751.0M	760.0M	740.0M
Tangible Book Value	464.0M	482.0M	634.0M	751.0M	760.0M	740.0M
Working Capital	113.0M	157.0M	2.0M	7.0M	68.0M	95.0M
Invested Capital	1.7B	1.7B	1.5B	1.4B	1.4B	1.4B
Total Debt	1.0B	1.0B	711.0M	454.0M	508.0M	539.0M
Net Debt	837.0M	812.0M	529.0M	313.0M	366.0M	406.0M
Share Issued	217.4M	219.8M	230.9M	234.1M	236.9M	241.2M
Ordinary Shares Number	217.4M	219.8M	230.9M	234.1M	236.9M	241.2M
Assets Held For Sale Current	--	--	--	0.00	0.00	0.00
Buildings And Improvements	105.0M	--	--	55.0M	--	--
Capital Lease Obligations	161.0M	162.0M	162.0M	115.0M	123.0M	126.0M
Construction In Progress	106.0M	--	--	69.0M	--	--
Current Capital Lease Obligation	32.0M	30.0M	30.0M	26.0M	26.0M	26.0M
Current Deferred Liabilities	0.00	8.0M	83.0M	70.0M	--	--
Current Provisions	15.0M	10.0M	15.0M	15.0M	8.0M	11.0M
Foreign Currency Translation Adjustments	29.0M	28.0M	34.0M	34.0M	29.0M	31.0M
Inventories Adjustments Allowances	--	--	--	0.00	0.00	0.00
Land And Improvements	240.0M	--	--	225.0M	--	--
Long Term Provisions	152.0M	151.0M	110.0M	110.0M	117.0M	113.0M
Machinery Furniture Equipment	2.2B	--	--	2.0B	--	--
Non Current Deferred Assets	--	4.0M	2.0M	0.00	0.00	0.00
Non Current Deferred Liabilities	9.0M	5.0M	4.0M	6.0M	3.0M	18.0M
Non Current Deferred Taxes Assets	--	4.0M	2.0M	0.00	0.00	0.00
Non Current Deferred Taxes Liabilities	9.0M	5.0M	4.0M	6.0M	3.0M	18.0M
Other Equity Interest	63.0M	57.0M	53.0M	74.0M	56.0M	53.0M
Other Inventories	45.0M	--	--	13.0M	12.0M	9.0M
Other Properties	288.0M	1.4B	1.4B	208.0M	1.3B	1.3B
Properties	0.00	--	--	0.00	--	--
Raw Materials	111.0M	--	--	130.0M	110.0M	163.0M
Restricted Cash	--	--	--	--	--	20.0M
Total Tax Payable	7.0M	6.0M	1.0M	14.0M	19.0M	36.0M

Line Item	Q4 2025Dec 31, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024	Q2 2024Jun 30, 2024
Operating Cash Flow	122.0M	-43.0M	101.0M	150.0M	149.0M	190.0M
Cash Flow From Continuing Operating Activities	122.0M	-43.0M	101.0M	150.0M	149.0M	190.0M
Depreciation Amortization Depletion	48.0M	46.0M	45.0M	42.0M	45.0M	41.0M
Stock Based Compensation	3.0M	6.0M	10.0M	9.0M	5.0M	6.0M
Deferred Tax	16.0M	-2.0M	-3.0M	11.0M	-30.0M	-4.0M
Deferred Income Tax	16.0M	-2.0M	-3.0M	11.0M	-30.0M	-4.0M
Change In Working Capital	4.0M	-126.0M	20.0M	44.0M	43.0M	99.0M
Change In Other Working Capital	--	-126.0M	20.0M	--	--	99.0M
Other Non Cash Items	8.0M	12.0M	8.0M	16.0M	6.0M	20.0M
Capital Expenditure	-69.0M	-38.0M	-40.0M	-43.0M	-29.0M	-43.0M
Purchase Of PPE	-69.0M	-38.0M	-40.0M	-43.0M	-29.0M	-43.0M
Net PPE Purchase And Sale	-67.0M	-35.0M	-39.0M	-1.2B	-24.0M	-43.0M
Purchase Of Business	-9.0M	0.00	-152.0M	0.00	0.00	-31.0M
Investing Cash Flow	-79.0M	-47.0M	-191.0M	-28.0M	-25.0M	-95.0M
Cash Flow From Continuing Investing Activities	-79.0M	-47.0M	-191.0M	-28.0M	-25.0M	-95.0M
Issuance Of Debt	13.0M	296.0M	208.0M	0.00	0.00	121.0M
Repayment Of Debt	-7.0M	-6.0M	-7.0M	-51.0M	-34.0M	-8.0M
Net Issuance Payments Of Debt	6.0M	290.0M	201.0M	-51.0M	-34.0M	113.0M
Repurchase Of Capital Stock	-16.0M	-162.0M	-79.0M	-45.0M	-53.0M	-434.0M
Net Common Stock Issuance	-16.0M	-162.0M	-79.0M	-45.0M	-53.0M	-434.0M
Common Stock Dividend Paid	-22.0M	--	--	-28.0M	-24.0M	--
Common Stock Payments	-16.0M	-162.0M	-79.0M	-45.0M	-53.0M	-434.0M
Financing Cash Flow	-44.0M	102.0M	83.0M	-113.0M	-112.0M	-352.0M
Cash Flow From Continuing Financing Activities	-44.0M	102.0M	83.0M	-113.0M	-112.0M	-352.0M
Effect Of Exchange Rate Changes	-1.0M	-1.0M	1.0M	-2.0M	0.00	0.00
Changes In Cash	-1.0M	12.0M	-7.0M	9.0M	12.0M	-257.0M
Beginning Cash Position	24.0M	20.0M	26.0M	19.0M	7.0M	264.0M
End Cash Position	22.0M	31.0M	20.0M	26.0M	19.0M	7.0M
Free Cash Flow	53.0M	-81.0M	61.0M	107.0M	120.0M	147.0M
Income Tax Paid Supplemental Data	5.0M	7.0M	26.0M	3.0M	3.0M	3.0M
Cash Dividends Paid	-22.0M	-22.0M	-23.0M	-28.0M	-24.0M	-24.0M
Interest Paid Cfo	-10.0M	-10.0M	-17.0M	-6.0M	-14.0M	-4.0M
Long Term Debt Issuance	13.0M	296.0M	208.0M	0.00	0.00	121.0M
Long Term Debt Payments	-7.0M	-6.0M	-7.0M	-51.0M	-34.0M	-8.0M
Net Business Purchase And Sale	-9.0M	0.00	-152.0M	0.00	0.00	-31.0M
Net Income From Continuing Operations	53.0M	31.0M	38.0M	34.0M	94.0M	32.0M
Net Long Term Debt Issuance	6.0M	290.0M	201.0M	-51.0M	-34.0M	113.0M
Net Other Financing Charges	-12.0M	-4.0M	-16.0M	11.0M	-1.0M	-7.0M
Net Other Investing Changes	-3.0M	-12.0M	--	1.1B	-1.0M	-21.0M
Net Short Term Debt Issuance	--	--	--	--	--	0.00
Operating Gains Losses	--	--	--	0.00	--	--
Sale Of PPE	2.0M	3.0M	1.0M	--	5.0M	0.00
Short Term Debt Payments	--	--	--	--	--	0.00