Canadian Spirit Resources Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Jun 30, 2025 | FY 2024Jun 30, 2024 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 64,528 | 293,811 | 284,006 | 0.00 |
| Operating Revenue | 64,528 | 293,811 | 284,006 | 0.00 |
| Cost Of Revenue | 294,125 | 455,721 | 300,672 | 290,128 |
| Gross Profit | -229,597 | -161,910 | -16,666 | -290,128 |
| Selling General And Administration | 1.1M | 1.0M | 989,714 | 622,002 |
| General And Administrative Expense | 1.1M | 1.0M | 989,714 | 622,002 |
| Other Operating Expenses | 825,090 | 543,540 | 648,015 | 162,876 |
| Operating Expense | 1.9M | 1.6M | 1.6M | 784,878 |
| Operating Income | -2.1M | -1.7M | -1.7M | -1.1M |
| EBIT | -18.5M | -9.8M | -1.8M | -805,206 |
| Interest Expense | 86,539 | 103,607 | 69,379 | 32,605 |
| Interest Expense Non Operating | 86,539 | 103,607 | 69,379 | 32,605 |
| Interest Income | 136,343 | 86,568 | 19,517 | 269,800 |
| Interest Income Non Operating | 136,343 | 86,568 | 19,517 | 269,800 |
| Net Interest Income | 49,804 | -17,039 | -49,862 | 237,195 |
| Other Income Expense | -16.6M | -8.2M | -121,695 | -- |
| Special Income Charges | -16.6M | -8.2M | -121,695 | 0.00 |
| Write Off | 16.6M | 4.9M | 121,695 | 0.00 |
| Pretax Income | -18.6M | -9.9M | -1.8M | -837,811 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -18.6M | -9.9M | -1.8M | -837,811 |
| Net Income From Continuing Operation Net Minority Interest | -18.6M | -9.9M | -1.8M | -837,811 |
| Net Income Including Noncontrolling Interests | -18.6M | -9.9M | -1.8M | -837,811 |
| Net Income Common Stockholders | -18.6M | -9.9M | -1.8M | -837,811 |
| Net Income | -18.6M | -9.9M | -1.8M | -837,811 |
| EBITDA | -18.2M | -9.4M | -1.5M | -515,078 |
| Normalized EBITDA | -1.6M | -1.2M | -1.3M | -515,078 |
| Reconciled Depreciation | 339,481 | 439,620 | 290,128 | 290,128 |
| Basic EPS | -0.06 | -0.04 | -0.01 | -0.00 |
| Diluted EPS | -0.06 | -0.04 | -0.01 | -0.00 |
| Basic Average Shares | 288.2M | 281.8M | 264.1M | 242.4M |
| Diluted Average Shares | 288.2M | 281.8M | 264.1M | 242.4M |
| Total Unusual Items | -16.6M | -8.2M | -121,695 | 0.00 |
| Total Unusual Items Excluding Goodwill | -16.6M | -8.2M | -121,695 | 0.00 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -2.1M | -1.7M | -1.7M | -837,811 |
| Diluted NI Availto Com Stockholders | -18.6M | -9.9M | -1.8M | -837,811 |
| Gain On Sale Of Ppe | 0.00 | -3.2M | 0.00 | 0.00 |
| Insurance And Claims | 90,072 | 55,448 | 13,876 | 47,866 |
| Net Income Continuous Operations | -18.6M | -9.9M | -1.8M | -837,811 |
| Net Non Operating Interest Income Expense | 49,804 | -17,039 | -49,862 | 237,195 |
| Other Gand A | 947,653 | 612,337 | 588,681 | 449,111 |
| Reconciled Cost Of Revenue | 294,125 | 455,721 | 300,672 | 290,128 |
| Rent And Landing Fees | -- | -- | -- | 0.00 |
| Rent Expense Supplemental | -- | -- | -- | 0.00 |
| Salaries And Wages | 21,050 | 338,770 | 387,157 | 125,025 |
| Total Expenses | 2.2M | 2.0M | 1.9M | 1.1M |
| Line Item | FY 2025Jun 30, 2025 | FY 2024Jun 30, 2024 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 4.1M | 5.6M | 770,283 | 1.3M |
| Cash Cash Equivalents And Short Term Investments | 4.1M | 5.6M | 770,283 | 1.3M |
| Cash Financial | 4.1M | 5.6M | 770,283 | 1.3M |
| Receivables | 9,619 | 17,388 | 185,345 | 23,172 |
| Prepaid Assets | 79,404 | 47,743 | 28,890 | 48,893 |
| Current Assets | 4.2M | 5.7M | 984,518 | 1.4M |
| Gross PPE | 30.8M | 47.2M | 60.5M | 59.5M |
| Accumulated Depreciation | -24.8M | -24.5M | -23.7M | -23.4M |
| Net PPE | 6.0M | 22.7M | 36.8M | 36.1M |
| Other Non Current Assets | 1.5M | 1.5M | 1.5M | 1.5M |
| Total Non Current Assets | 7.5M | 24.2M | 38.3M | 37.6M |
| Total Assets | 11.7M | 29.9M | 39.3M | 39.0M |
| Current Debt And Capital Lease Obligation | 6,974 | 6,227 | 4,006 | 4,006 |
| Accounts Payable | 224,846 | 310,674 | 487,257 | 441,362 |
| Payables | 224,846 | 310,674 | 487,257 | 441,362 |
| Payables And Accrued Expenses | 224,846 | 310,674 | 487,257 | 441,362 |
| Current Accrued Expenses | -- | -- | -- | 0.00 |
| Current Liabilities | 265,552 | 459,442 | 724,949 | 445,368 |
| Long Term Debt And Capital Lease Obligation | 9,906 | 16,904 | 29,119 | 33,605 |
| Long Term Capital Lease Obligation | 9,906 | 16,904 | 29,119 | 33,605 |
| Total Non Current Liabilities Net Minority Interest | 2.4M | 1.8M | 2.0M | 1.6M |
| Total Liabilities Net Minority Interest | 2.7M | 2.3M | 2.8M | 2.1M |
| Common Stock | 124.0M | 124.0M | 122.4M | 121.4M |
| Capital Stock | 124.0M | 124.0M | 122.4M | 121.4M |
| Additional Paid In Capital | 10.6M | 10.6M | 10.0M | 9.7M |
| Retained Earnings | -125.6M | -107.0M | -95.9M | -94.1M |
| Common Stock Equity | 9.0M | 27.7M | 36.5M | 36.9M |
| Stockholders Equity | 9.0M | 27.7M | 36.5M | 36.9M |
| Total Equity Gross Minority Interest | 9.0M | 27.7M | 36.5M | 36.9M |
| Total Capitalization | 9.0M | 27.7M | 36.5M | 36.9M |
| Net Tangible Assets | 9.0M | 27.7M | 36.5M | 36.9M |
| Tangible Book Value | 9.0M | 27.7M | 36.5M | 36.9M |
| Working Capital | 3.9M | 5.2M | 259,569 | 909,492 |
| Invested Capital | 9.0M | 27.7M | 36.5M | 36.9M |
| Total Debt | 16,880 | 23,131 | 33,125 | 37,611 |
| Share Issued | 288.2M | 288.2M | 268.2M | 248.2M |
| Ordinary Shares Number | 288.2M | 288.2M | 268.2M | 248.2M |
| Capital Lease Obligations | 16,880 | 23,131 | 33,125 | 37,611 |
| Current Capital Lease Obligation | 6,974 | 6,227 | 4,006 | 4,006 |
| Current Provisions | 33,732 | 142,541 | 233,686 | -- |
| Duefrom Related Parties Current | 9,503 | 3,229 | 171,233 | 457.00 |
| Leases | 48,387 | 48,387 | 48,387 | 48,387 |
| Long Term Provisions | 2.4M | 1.8M | 2.0M | 1.6M |
| Machinery Furniture Equipment | 9.6M | 9.4M | 9.4M | 9.1M |
| Properties | 21.2M | 37.7M | 51.0M | 50.4M |
| Taxes Receivable | 116.00 | 14,159 | 14,112 | 22,715 |
| Line Item | FY 2025Jun 30, 2025 | FY 2024Jun 30, 2024 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -1.5M | -1.3M | -1.3M | -1.5M |
| Cash Flow From Continuing Operating Activities | -1.5M | -1.3M | -1.3M | -1.5M |
| Depreciation And Amortization | 313,748 | 344,260 | -- | -- |
| Depreciation Amortization Depletion | 339,481 | 439,620 | 290,128 | 290,128 |
| Stock Based Compensation | 13,050 | 322,770 | 369,157 | 109,545 |
| Change In Working Capital | -115,239 | -318,391 | -192,906 | -487,201 |
| Changes In Account Receivables | 7,769 | 5,920 | -162,173 | -15,417 |
| Change In Receivables | 7,769 | 5,920 | -162,173 | -15,417 |
| Change In Payables And Accrued Expense | -85,853 | -237,953 | -50,735 | 101,054 |
| Change In Other Current Assets | -5,494 | -48,245 | 0.00 | -- |
| Change In Other Current Liabilities | -- | -- | 0.00 | -555,513 |
| Other Non Cash Items | 364,942 | -37,371 | -94,336 | -596,121 |
| Capital Expenditure | -4,709 | -- | -369,697 | -- |
| Net PPE Purchase And Sale | 0.00 | 5.0M | 147,750 | 0.00 |
| Investing Cash Flow | -48,120 | 5.0M | -221,298 | -111,512 |
| Cash Flow From Continuing Investing Activities | -48,120 | 5.0M | -221,298 | -111,512 |
| Issuance Of Debt | -- | -- | -- | 0.00 |
| Repayment Of Debt | -9,000 | -9,000 | -9,000 | -9,001 |
| Net Issuance Payments Of Debt | -9,000 | -9,000 | -9,000 | -9,001 |
| Issuance Of Capital Stock | 0.00 | 800,000 | 1.1M | 1.6M |
| Net Common Stock Issuance | 0.00 | 800,000 | 1.1M | 1.6M |
| Financing Cash Flow | -9,000 | 791,000 | 1.0M | 1.6M |
| Cash Flow From Continuing Financing Activities | -9,000 | 791,000 | 1.0M | 1.6M |
| Changes In Cash | -1.5M | 4.4M | -512,512 | -41,973 |
| Beginning Cash Position | 5.6M | 1.2M | 1.3M | 1.3M |
| End Cash Position | 4.1M | 5.6M | 770,283 | 1.3M |
| Free Cash Flow | -1.5M | -1.3M | -1.7M | -1.5M |
| Income Tax Paid Supplemental Data | -- | -- | 0.00 | 0.00 |
| Interest Paid Supplemental Data | -- | -- | 0.00 | 0.00 |
| Asset Impairment Charge | 16.6M | 4.9M | 121,695 | 0.00 |
| Capital Expenditure Reported | -4,709 | 630.00 | -369,697 | 0.00 |
| Change In Prepaid Assets | -31,661 | -38,113 | 20,002 | -17,325 |
| Common Stock Issuance | 0.00 | 800,000 | 1.1M | 1.6M |
| Depletion | 25,734 | 95,360 | -- | -- |
| Depreciation | 313,748 | 344,260 | -- | -- |
| Gain Loss On Sale Of PPE | 0.00 | 3.2M | 0.00 | 0.00 |
| Long Term Debt Payments | -9,000 | -9,000 | -9,000 | -9,001 |
| Net Income From Continuing Operations | -18.6M | -9.9M | -1.8M | -837,811 |
| Net Long Term Debt Issuance | -9,000 | -9,000 | -9,000 | -9,001 |
| Net Other Investing Changes | -43,411 | -37,772 | 649.00 | -111,512 |
| Net Short Term Debt Issuance | -- | -- | -- | 0.00 |
| Operating Gains Losses | -- | 3.2M | -- | -- |
| Sale Of PPE | 0.00 | 5.0M | 147,750 | 0.00 |
| Short Term Debt Issuance | -- | -- | -- | 0.00 |