SECURE Waste Infrastructure Corp.

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

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	1.5B	1.4B	8.2B	8.0B	3.8B
Operating Revenue	1.5B	1.4B	8.2B	8.0B	3.8B
Cost Of Revenue	1.1B	999.0M	7.7B	7.5B	3.8B
Gross Profit	421.0M	422.0M	512.0M	493.0M	-60.0M
Selling General And Administration	126.0M	141.0M	136.0M	119.0M	92.0M
General And Administrative Expense	126.0M	141.0M	136.0M	119.0M	92.0M
Depreciation And Amortization In Income Statement	8.0M	9.0M	9.0M	13.0M	15.0M
Other Operating Expenses	9.0M	8.0M	12.0M	10.0M	7.0M
Operating Expense	143.0M	158.0M	157.0M	142.0M	114.0M
Operating Income	278.0M	264.0M	355.0M	351.0M	-174.0M
EBIT	224.0M	758.0M	339.0M	336.0M	-223.0M
Interest Expense	60.0M	45.0M	82.0M	84.0M	50.0M
Interest Expense Non Operating	60.0M	45.0M	82.0M	84.0M	50.0M
Net Interest Income	-62.0M	-47.0M	-84.0M	-87.0M	-53.0M
Other Income Expense	-52.0M	496.0M	-11.0M	-12.0M	-46.0M
Other Non Operating Income Expenses	-43.0M	-20.0M	--	25.0M	-3.0M
Special Income Charges	-9.0M	516.0M	-19.0M	-37.0M	-43.0M
Restructuring And Mergern Acquisition	9.0M	4.0M	14.0M	37.0M	39.0M
Write Off	--	--	--	--	4.0M
Gain On Sale Of Security	--	--	8.0M	--	--
Pretax Income	164.0M	713.0M	257.0M	252.0M	-273.0M
Tax Provision	41.0M	131.0M	62.0M	68.0M	-69.0M
Tax Effect Of Unusual Items	-2.2M	94.8M	-2.7M	-10.0M	-10.9M
Net Income From Continuing And Discontinued Operation	123.0M	582.0M	195.0M	184.0M	-203.0M
Net Income From Continuing Operation Net Minority Interest	123.0M	582.0M	195.0M	184.0M	-203.0M
Net Income Including Noncontrolling Interests	123.0M	582.0M	195.0M	184.0M	-204.0M
Minority Interests	--	--	--	0.00	-1.0M
Net Income Common Stockholders	123.0M	582.0M	195.0M	184.0M	-203.0M
Net Income	123.0M	582.0M	195.0M	184.0M	-203.0M
EBITDA	412.0M	931.0M	542.0M	514.0M	-50.0M
Normalized EBITDA	421.0M	415.0M	553.0M	551.0M	-7.0M
Reconciled Depreciation	188.0M	173.0M	203.0M	178.0M	173.0M
Basic EPS	0.55	2.28	0.66	0.59	-0.87
Diluted EPS	0.54	2.25	0.65	0.59	-0.87
Basic Average Shares	223.2M	254.7M	295.9M	309.6M	234.2M
Diluted Average Shares	226.4M	258.8M	299.1M	313.2M	234.2M
Total Unusual Items	-9.0M	516.0M	-11.0M	-37.0M	-43.0M
Total Unusual Items Excluding Goodwill	-9.0M	516.0M	-11.0M	-37.0M	-43.0M
Tax Rate For Calcs	0.25	0.18	0.24	0.27	0.25
Normalized Income	129.8M	160.8M	203.3M	211.0M	-170.9M
Amortization	2.0M	4.0M	4.0M	0.00	1.0M
Amortization Of Intangibles Income Statement	2.0M	4.0M	4.0M	0.00	1.0M
Depletion Income Statement	0.00	0.00	0.00	0.00	0.00
Depreciation Amortization Depletion Income Statement	8.0M	9.0M	9.0M	13.0M	15.0M
Depreciation Income Statement	6.0M	5.0M	5.0M	13.0M	14.0M
Diluted NI Availto Com Stockholders	123.0M	582.0M	195.0M	184.0M	-203.0M
Gain On Sale Of Business	0.00	520.0M	-5.0M	--	--
Gain On Sale Of Ppe	--	-4.0M	--	--	--
Net Income Continuous Operations	123.0M	582.0M	195.0M	184.0M	-204.0M
Net Non Operating Interest Income Expense	-62.0M	-47.0M	-84.0M	-87.0M	-53.0M
Other Gand A	34.0M	35.0M	35.0M	28.0M	41.0M
Other Special Charges	--	16.0M	--	--	--
Reconciled Cost Of Revenue	871.0M	835.0M	7.5B	7.3B	3.7B
Salaries And Wages	92.0M	106.0M	101.0M	91.0M	51.0M
Total Expenses	1.2B	1.2B	7.9B	7.7B	3.9B
Total Operating Income As Reported	278.0M	268.0M	353.0M	324.0M	-210.0M
Total Other Finance Cost	2.0M	2.0M	2.0M	3.0M	3.0M

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	22.0M	26.0M	12.0M	12.0M	10.0M
Cash Cash Equivalents And Short Term Investments	22.0M	26.0M	12.0M	12.0M	10.0M
Cash Financial	22.0M	26.0M	12.0M	12.0M	10.0M
Accounts Receivable	452.0M	504.0M	357.0M	449.0M	345.0M
Receivables	452.0M	504.0M	357.0M	449.0M	345.0M
Inventory	156.0M	143.0M	144.0M	100.0M	100.0M
Prepaid Assets	--	--	--	--	11.0M
Other Current Assets	13.0M	15.0M	14.0M	15.0M	11.0M
Current Assets	643.0M	688.0M	1.2B	576.0M	466.0M
Gross PPE	3.0B	2.6B	3.0B	2.9B	2.9B
Accumulated Depreciation	-1.5B	-1.3B	-1.7B	-1.3B	-1.1B
Net PPE	1.5B	1.3B	1.3B	1.6B	1.7B
Goodwill	218.0M	204.0M	199.0M	351.0M	349.0M
Goodwill And Other Intangible Assets	328.0M	291.0M	267.0M	514.0M	529.0M
Other Intangible Assets	110.0M	87.0M	68.0M	163.0M	180.0M
Other Non Current Assets	39.0M	41.0M	27.0M	16.0M	8.0M
Total Non Current Assets	1.9B	1.6B	1.7B	2.3B	2.5B
Total Assets	2.5B	2.3B	2.8B	2.8B	2.9B
Current Debt And Capital Lease Obligation	32.0M	26.0M	27.0M	28.0M	27.0M
Accounts Payable	464.0M	553.0M	377.0M	404.0M	279.0M
Payables	471.0M	567.0M	377.0M	404.0M	279.0M
Payables And Accrued Expenses	471.0M	567.0M	377.0M	406.0M	283.0M
Current Accrued Expenses	--	--	3.0M	2.0M	4.0M
Current Deferred Revenue	0.00	70.0M	0.00	--	--
Other Current Liabilities	12.0M	3.0M	53.0M	5.0M	4.0M
Current Liabilities	530.0M	681.0M	472.0M	459.0M	333.0M
Long Term Debt	859.0M	339.0M	966.0M	919.0M	1.2B
Long Term Debt And Capital Lease Obligation	988.0M	428.0M	1.1B	1.0B	1.3B
Long Term Capital Lease Obligation	129.0M	89.0M	109.0M	84.0M	82.0M
Other Non Current Liabilities	57.0M	14.0M	15.0M	17.0M	38.0M
Total Non Current Liabilities Net Minority Interest	1.2B	558.0M	1.2B	1.1B	1.5B
Total Liabilities Net Minority Interest	1.7B	1.2B	1.7B	1.6B	1.8B
Common Stock	595.0M	863.0M	1.5B	1.7B	1.7B
Capital Stock	595.0M	863.0M	1.5B	1.7B	1.7B
Retained Earnings	105.0M	71.0M	-412.0M	-490.0M	-636.0M
Gains Losses Not Affecting Retained Earnings	29.0M	34.0M	27.0M	30.0M	24.0M
Common Stock Equity	792.0M	1.0B	1.2B	1.3B	1.1B
Stockholders Equity	792.0M	1.0B	1.2B	1.3B	1.1B
Total Equity Gross Minority Interest	792.0M	1.0B	1.2B	1.3B	1.1B
Minority Interest	--	--	--	--	0.00
Total Capitalization	1.7B	1.4B	2.2B	2.2B	2.3B
Net Tangible Assets	464.0M	751.0M	919.0M	752.0M	577.0M
Tangible Book Value	464.0M	751.0M	919.0M	752.0M	577.0M
Working Capital	113.0M	7.0M	718.0M	117.0M	133.0M
Invested Capital	1.7B	1.4B	2.2B	2.2B	2.3B
Total Debt	1.0B	454.0M	1.1B	1.0B	1.3B
Net Debt	837.0M	313.0M	954.0M	907.0M	1.2B
Share Issued	217.4M	234.1M	287.6M	309.4M	308.2M
Ordinary Shares Number	217.4M	234.1M	287.6M	309.4M	308.2M
Assets Held For Sale Current	--	0.00	663.0M	0.00	--
Buildings And Improvements	105.0M	55.0M	61.0M	51.0M	52.0M
Capital Lease Obligations	161.0M	115.0M	136.0M	112.0M	109.0M
Construction In Progress	106.0M	69.0M	42.0M	45.0M	35.0M
Current Capital Lease Obligation	32.0M	26.0M	27.0M	28.0M	27.0M
Current Deferred Liabilities	0.00	70.0M	0.00	--	--
Current Provisions	15.0M	15.0M	15.0M	20.0M	19.0M
Foreign Currency Translation Adjustments	29.0M	34.0M	27.0M	30.0M	24.0M
Interest Payable	--	--	3.0M	2.0M	4.0M
Inventories Adjustments Allowances	--	0.00	-1.0M	0.00	--
Land And Improvements	240.0M	225.0M	290.0M	286.0M	291.0M
Long Term Provisions	152.0M	110.0M	96.0M	95.0M	171.0M
Machinery Furniture Equipment	2.2B	2.0B	2.4B	2.3B	2.3B
Non Current Deferred Assets	--	0.00	89.0M	150.0M	217.0M
Non Current Deferred Liabilities	9.0M	6.0M	0.00	--	0.00
Non Current Deferred Taxes Assets	--	0.00	89.0M	150.0M	217.0M
Non Current Deferred Taxes Liabilities	9.0M	6.0M	0.00	--	0.00
Other Equity Interest	63.0M	74.0M	54.0M	50.0M	48.0M
Other Inventories	45.0M	13.0M	5.0M	33.0M	26.0M
Other Properties	288.0M	208.0M	215.0M	216.0M	224.0M
Properties	0.00	0.00	0.00	0.00	0.00
Raw Materials	111.0M	130.0M	140.0M	67.0M	74.0M
Total Tax Payable	7.0M	14.0M	0.00	--	--
Treasury Shares Number	--	--	0.00	--	--

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	273.0M	497.0M	430.0M	411.0M	74.0M
Cash Flow From Continuing Operating Activities	273.0M	497.0M	430.0M	411.0M	74.0M
Depreciation And Amortization	170.0M	152.0M	--	--	--
Depreciation Amortization Depletion	188.0M	173.0M	203.0M	178.0M	173.0M
Stock Based Compensation	30.0M	34.0M	26.0M	19.0M	13.0M
Deferred Tax	0.00	103.0M	62.0M	68.0M	-69.0M
Deferred Income Tax	0.00	103.0M	62.0M	68.0M	-69.0M
Change In Working Capital	-105.0M	86.0M	-44.0M	8.0M	-102.0M
Other Non Cash Items	93.0M	80.0M	75.0M	46.0M	56.0M
Capital Expenditure	-225.0M	-134.0M	-203.0M	-96.0M	-43.0M
Purchase Of PPE	-225.0M	-134.0M	-203.0M	-96.0M	-43.0M
Net PPE Purchase And Sale	-218.0M	1.0B	-203.0M	-40.0M	-35.0M
Purchase Of Business	-161.0M	-38.0M	0.00	-6.0M	--
Sale Of Business	--	--	--	--	10.0M
Investing Cash Flow	-365.0M	954.0M	-155.0M	-58.0M	-43.0M
Cash Flow From Continuing Investing Activities	-365.0M	954.0M	-155.0M	-58.0M	-43.0M
Issuance Of Debt	525.0M	300.0M	70.0M	0.00	341.0M
Repayment Of Debt	-27.0M	-971.0M	-47.0M	-334.0M	-337.0M
Net Issuance Payments Of Debt	498.0M	-671.0M	23.0M	-334.0M	4.0M
Repurchase Of Capital Stock	-284.0M	-657.0M	-163.0M	-6.0M	0.00
Net Common Stock Issuance	-284.0M	-657.0M	-163.0M	-6.0M	0.00
Common Stock Dividend Paid	-89.0M	-104.0M	-117.0M	-38.0M	-7.0M
Common Stock Payments	-284.0M	-657.0M	-163.0M	-6.0M	0.00
Financing Cash Flow	90.0M	-1.4B	-272.0M	-346.0M	-26.0M
Cash Flow From Continuing Financing Activities	90.0M	-1.4B	-272.0M	-346.0M	-26.0M
Effect Of Exchange Rate Changes	-2.0M	-2.0M	-3.0M	-5.0M	-2.0M
Changes In Cash	-2.0M	16.0M	3.0M	7.0M	5.0M
Beginning Cash Position	26.0M	12.0M	12.0M	10.0M	7.0M
End Cash Position	22.0M	26.0M	12.0M	12.0M	10.0M
Free Cash Flow	48.0M	363.0M	227.0M	315.0M	31.0M
Income Tax Paid Supplemental Data	41.0M	13.0M	0.00	--	--
Amortization Cash Flow	38.0M	33.0M	--	--	--
Amortization Of Intangibles	38.0M	33.0M	--	--	--
Asset Impairment Charge	--	--	--	0.00	269.0M
Cash Dividends Paid	-89.0M	-104.0M	-117.0M	-38.0M	-7.0M
Depletion	18.0M	21.0M	--	--	--
Depreciation	132.0M	119.0M	--	--	--
Interest Paid Cfo	-56.0M	-41.0M	-87.0M	-92.0M	-61.0M
Long Term Debt Issuance	525.0M	300.0M	70.0M	0.00	341.0M
Long Term Debt Payments	-27.0M	-971.0M	-47.0M	-334.0M	-337.0M
Net Business Purchase And Sale	-161.0M	-38.0M	0.00	-6.0M	10.0M
Net Income From Continuing Operations	123.0M	582.0M	195.0M	184.0M	-204.0M
Net Long Term Debt Issuance	498.0M	-671.0M	23.0M	-334.0M	4.0M
Net Other Financing Charges	-35.0M	-3.0M	-15.0M	32.0M	-23.0M
Net Other Investing Changes	14.0M	-17.0M	48.0M	-12.0M	-18.0M
Net Short Term Debt Issuance	--	--	--	--	-57.0M
Operating Gains Losses	--	-520.0M	--	--	--
Sale Of PPE	7.0M	1.1B	48.0M	56.0M	8.0M
Taxes Refund Paid	--	--	--	0.00	-1.0M