Sangoma Technologies 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 | 51.5M | 50.8M | 59.4M | 58.1M | 59.1M | -- | -- |
| Operating Revenue | 51.5M | 50.8M | 59.4M | 58.1M | 59.1M | -- | -- |
| Cost Of Revenue | 13.2M | 14.0M | 19.3M | 18.0M | 18.6M | -- | -- |
| Gross Profit | 38.2M | 36.8M | 40.0M | 40.0M | 40.5M | -- | -- |
| Selling General And Administration | 21.4M | 19.0M | 20.9M | 21.9M | 22.6M | -- | -- |
| General And Administrative Expense | 8.6M | 7.2M | 8.0M | 9.0M | 10.0M | -- | -- |
| Research And Development | 10.4M | 11.3M | 10.0M | 10.5M | 10.3M | -- | -- |
| Depreciation And Amortization In Income Statement | 8.2M | 8.2M | 8.2M | 8.2M | 8.4M | -- | -- |
| Operating Expense | 40.0M | 38.5M | 39.1M | 40.6M | 41.3M | -- | -- |
| Operating Income | -1.7M | -1.7M | 978,000 | -566,000 | -808,000 | -- | -- |
| EBIT | -1.8M | -2.1M | 581,000 | -766,000 | -1.0M | -- | -- |
| Interest Expense | 582,000 | 790,000 | 807,000 | 943,000 | 1.1M | -- | -- |
| Interest Expense Non Operating | 582,000 | 790,000 | 807,000 | 943,000 | 1.1M | -- | -- |
| Interest Income | 106,000 | 141,000 | 149,000 | 72,000 | 10,000 | -- | -- |
| Interest Income Non Operating | 106,000 | 141,000 | 149,000 | 72,000 | 10,000 | -- | -- |
| Net Interest Income | -476,000 | -649,000 | -658,000 | -871,000 | -1.1M | -- | -- |
| Other Income Expense | -139,000 | -563,000 | -546,000 | -272,000 | -242,000 | -- | -- |
| Other Non Operating Income Expenses | -- | -- | -- | -- | -- | -- | 0.00 |
| Special Income Charges | -139,000 | -563,000 | -546,000 | -272,000 | -242,000 | -- | -- |
| Restructuring And Mergern Acquisition | 139,000 | 563,000 | 447,000 | 272,000 | 242,000 | -- | -- |
| Pretax Income | -2.3M | -2.9M | -226,000 | -1.7M | -2.2M | -- | -- |
| Tax Provision | -336,000 | -526,000 | -435,000 | -281,000 | -274,000 | -- | -- |
| Tax Effect Of Unusual Items | -20,027 | -103,436 | -81,900 | -44,723 | -30,769 | -- | -- |
| Net Income From Continuing And Discontinued Operation | -2.0M | -2.3M | 209,000 | -1.4M | -1.9M | -- | -- |
| Net Income From Continuing Operation Net Minority Interest | -2.0M | -2.3M | 209,000 | -1.4M | -1.9M | -- | -- |
| Net Income Including Noncontrolling Interests | -2.0M | -2.3M | 209,000 | -1.4M | -1.9M | -- | -- |
| Net Income Common Stockholders | -2.0M | -2.3M | 209,000 | -1.4M | -1.9M | -- | -- |
| Net Income | -2.0M | -2.3M | 209,000 | -1.4M | -1.9M | -- | -- |
| EBITDA | 9.0M | 8.9M | 11.5M | 10.6M | 10.3M | -- | -- |
| Normalized EBITDA | 9.2M | 9.4M | 12.0M | 10.9M | 10.6M | -- | -- |
| Reconciled Depreciation | 10.8M | 11.0M | 10.9M | 11.4M | 11.4M | -- | -- |
| Basic EPS | -0.06 | -0.07 | -- | -0.04 | -0.06 | -0.06 | -- |
| Diluted EPS | -0.06 | -0.07 | -- | -0.04 | -0.06 | -0.06 | -- |
| Basic Average Shares | 33.1M | 33.2M | -- | 33.4M | 33.4M | 33.4M | -- |
| Diluted Average Shares | 33.1M | 33.2M | -- | 33.4M | 33.4M | 33.4M | -- |
| Total Unusual Items | -139,000 | -563,000 | -546,000 | -272,000 | -242,000 | -- | -- |
| Total Unusual Items Excluding Goodwill | -139,000 | -563,000 | -546,000 | -272,000 | -242,000 | -- | -- |
| Tax Rate For Calcs | 0.14 | 0.18 | 0.15 | 0.16 | 0.13 | -- | -- |
| Normalized Income | -1.9M | -1.9M | 673,100 | -1.2M | -1.7M | -- | -- |
| Amortization | 8.0M | 8.2M | 8.2M | 8.2M | 8.2M | -- | -- |
| Amortization Of Intangibles Income Statement | 8.0M | 8.2M | 8.2M | 8.2M | 8.2M | -- | -- |
| Depreciation Amortization Depletion Income Statement | 8.2M | 8.2M | 8.2M | 8.2M | 8.4M | -- | -- |
| Depreciation Income Statement | 175,000 | -- | -- | -- | 209,000 | -- | -- |
| Diluted NI Availto Com Stockholders | -2.0M | -2.3M | 209,000 | -1.4M | -1.9M | -- | -- |
| Net Income Continuous Operations | -2.0M | -2.3M | 209,000 | -1.4M | -1.9M | -- | -- |
| Net Non Operating Interest Income Expense | -476,000 | -649,000 | -658,000 | -871,000 | -1.1M | -- | -- |
| Other Gand A | 8.6M | 7.2M | 8.0M | 9.0M | 10.0M | -- | -- |
| Reconciled Cost Of Revenue | 10.6M | 11.2M | 16.6M | 14.8M | 15.7M | -- | -- |
| Selling And Marketing Expense | 12.8M | 11.7M | 12.9M | 12.9M | 12.6M | -- | -- |
| Total Expenses | 53.2M | 52.5M | 58.4M | 58.6M | 59.9M | -- | -- |
| 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 | 17.1M | 15.7M | 13.5M | 16.7M | 17.1M | -- | -- |
| Cash Cash Equivalents And Short Term Investments | 17.1M | 15.7M | 13.5M | 16.7M | 17.1M | -- | -- |
| Cash Financial | 17.1M | 15.7M | 13.5M | 16.7M | 17.1M | -- | -- |
| Accounts Receivable | 9.3M | 13.1M | 10.6M | 9.9M | 14.0M | -- | -- |
| Receivables | 11.1M | 14.8M | 17.0M | 11.7M | 16.4M | -- | -- |
| Inventory | 7.3M | 7.5M | 8.2M | 9.7M | 13.1M | -- | -- |
| Other Current Assets | 4.3M | 4.5M | 3.6M | 4.0M | 3.1M | -- | -- |
| Current Assets | 39.9M | 42.7M | 42.6M | 48.4M | 50.0M | -- | -- |
| Gross PPE | 38.9M | 38.5M | 38.5M | 41.6M | 42.5M | -- | -- |
| Accumulated Depreciation | -27.0M | -25.9M | -24.8M | -26.8M | -26.5M | -- | -- |
| Net PPE | 11.9M | 12.5M | 13.6M | 14.8M | 16.0M | -- | -- |
| Goodwill | 186.8M | 186.8M | 186.8M | 186.8M | 187.5M | -- | -- |
| Goodwill And Other Intangible Assets | 270.3M | 278.2M | 286.4M | 293.9M | 303.0M | -- | -- |
| Other Intangible Assets | 83.4M | 91.4M | 99.6M | 107.0M | 115.5M | -- | -- |
| Other Non Current Assets | 724,000 | 410,000 | 369,000 | 369,000 | 369,000 | -- | -- |
| Total Non Current Assets | 285.5M | 294.1M | 303.9M | 313.1M | 323.7M | -- | -- |
| Total Assets | 325.4M | 336.8M | 346.5M | 361.4M | 373.7M | -- | -- |
| Current Debt | 20.6M | 20.6M | 20.6M | 20.6M | 22.8M | -- | -- |
| Current Debt And Capital Lease Obligation | 22.1M | 22.1M | 22.1M | 22.6M | 25.1M | -- | -- |
| Accounts Payable | 15.4M | 17.4M | 15.6M | 19.0M | 19.1M | -- | -- |
| Payables | 18.7M | 20.3M | 20.2M | 23.2M | 24.5M | -- | -- |
| Payables And Accrued Expenses | 18.7M | 20.3M | 20.2M | 23.2M | 24.5M | -- | -- |
| Current Deferred Revenue | 4.8M | 6.5M | 7.0M | 7.1M | 8.3M | -- | -- |
| Other Current Liabilities | -- | -- | -- | 2.5M | -- | -- | -- |
| Current Liabilities | 45.8M | 49.1M | 49.5M | 55.7M | 58.3M | -- | -- |
| Long Term Debt | 17.0M | 22.1M | 27.3M | 32.5M | 37.6M | -- | -- |
| Long Term Debt And Capital Lease Obligation | 23.1M | 28.5M | 34.1M | 39.7M | 45.3M | -- | -- |
| Long Term Capital Lease Obligation | 6.1M | 6.4M | 6.8M | 7.2M | 7.7M | -- | -- |
| Other Non Current Liabilities | 1.2M | 1.8M | 1.8M | 1.9M | 2.3M | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 29.6M | 36.3M | 42.9M | 50.5M | 58.0M | -- | -- |
| Total Liabilities Net Minority Interest | 75.4M | 85.4M | 92.3M | 106.2M | 116.4M | -- | -- |
| Common Stock | 380.3M | 380.9M | 380.1M | 382.6M | 382.4M | -- | -- |
| Capital Stock | 380.3M | 380.9M | 380.1M | 382.6M | 382.4M | -- | -- |
| Additional Paid In Capital | 21.2M | 19.7M | 20.9M | 19.7M | 20.4M | -- | -- |
| Retained Earnings | -151.3M | -149.3M | -146.9M | -147.2M | -145.7M | -- | -- |
| Gains Losses Not Affecting Retained Earnings | -159,000 | 77,000 | 65,000 | 116,000 | 228,000 | -- | -- |
| Other Equity Adjustments | -159,000 | 77,000 | 65,000 | 116,000 | 228,000 | -- | -- |
| Common Stock Equity | 250.0M | 251.4M | 254.2M | 255.3M | 257.3M | -- | -- |
| Stockholders Equity | 250.0M | 251.4M | 254.2M | 255.3M | 257.3M | -- | -- |
| Total Equity Gross Minority Interest | 250.0M | 251.4M | 254.2M | 255.3M | 257.3M | -- | -- |
| Total Capitalization | 267.0M | 273.6M | 281.5M | 287.7M | 294.9M | -- | -- |
| Net Tangible Assets | -20.2M | -26.8M | -32.2M | -38.6M | -45.7M | -- | -- |
| Tangible Book Value | -20.2M | -26.8M | -32.2M | -38.6M | -45.7M | -- | -- |
| Working Capital | -5.9M | -6.3M | -6.9M | -7.4M | -8.4M | -- | -- |
| Invested Capital | 287.6M | 294.2M | 302.1M | 308.3M | 317.7M | -- | -- |
| Total Debt | 45.2M | 50.6M | 56.1M | 62.3M | 70.3M | -- | -- |
| Net Debt | 20.5M | 27.1M | 34.4M | 36.4M | 43.3M | -- | -- |
| Share Issued | 33.2M | 33.3M | 33.3M | 33.6M | 33.6M | -- | -- |
| Ordinary Shares Number | 33.2M | 33.3M | 33.3M | 33.6M | 33.6M | -- | -- |
| Allowance For Doubtful Accounts Receivable | -348,000 | -457,000 | -496,000 | -895,000 | -1.1M | -- | -- |
| Assets Held For Sale Current | -- | -- | -- | 5.3M | -- | -- | -- |
| Capital Lease Obligations | 7.6M | 7.8M | 8.2M | 9.2M | 9.9M | -- | -- |
| Current Capital Lease Obligation | 1.5M | 1.5M | 1.5M | 2.0M | 2.3M | -- | -- |
| Current Deferred Liabilities | 4.8M | 6.5M | 7.0M | 7.1M | 8.3M | -- | -- |
| Current Provisions | 166,000 | 166,000 | 172,000 | 290,000 | 405,000 | -- | -- |
| Financial Assets | 4,000 | 19,000 | 41,000 | 86,000 | 166,000 | -- | -- |
| Finished Goods | 3.4M | 3.5M | 4.3M | 5.8M | 9.2M | -- | -- |
| Gross Accounts Receivable | 9.7M | 13.5M | 11.1M | 10.8M | 15.1M | -- | -- |
| Hedging Assets Current | 129,000 | 185,000 | 254,000 | 312,000 | 385,000 | -- | -- |
| Income Tax Payable | 237,000 | 214,000 | 647,000 | 138,000 | 145,000 | -- | -- |
| Inventories Adjustments Allowances | -835,000 | -944,000 | -1.3M | -1.6M | -1.7M | -- | -- |
| Leases | 701,000 | 510,000 | 510,000 | 510,000 | 510,000 | -- | -- |
| Machinery Furniture Equipment | 7.2M | 7.1M | 7.1M | 6.6M | 6.7M | -- | -- |
| Non Current Accounts Receivable | 1.5M | 1.6M | 1.8M | 1.9M | 2.1M | -- | -- |
| Non Current Deferred Assets | 1.1M | 1.3M | 1.7M | 2.0M | 2.0M | -- | -- |
| Non Current Deferred Liabilities | 5.3M | 6.0M | 7.0M | 8.9M | 10.5M | -- | -- |
| Non Current Deferred Revenue | 2.7M | 2.8M | 2.7M | 2.7M | 2.8M | -- | -- |
| Non Current Deferred Taxes Assets | 1.1M | 1.3M | 1.7M | 2.0M | 2.0M | -- | -- |
| Non Current Deferred Taxes Liabilities | 2.5M | 3.2M | 4.3M | 6.2M | 7.7M | -- | -- |
| Other Current Borrowings | 20.6M | 20.6M | 20.6M | 20.6M | 22.8M | -- | -- |
| Other Properties | 31.0M | 30.8M | 30.9M | 34.5M | 35.3M | -- | -- |
| Other Receivables | 1.1M | 1.1M | 5.7M | 1.2M | 1.3M | -- | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- |
| Raw Materials | 4.7M | 4.9M | 5.3M | 5.6M | 5.6M | -- | -- |
| Restricted Cash | 16,000 | -- | -- | 623,000 | -- | -- | -- |
| Taxes Receivable | 673,000 | 593,000 | 715,000 | 540,000 | 1.0M | -- | -- |
| Total Tax Payable | 3.2M | 3.0M | 4.7M | 4.2M | 5.4M | -- | -- |
| 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 | 10.1M | 4.9M | 7.1M | 10.6M | 11.9M | -- | -- |
| Cash Flow From Continuing Operating Activities | 10.1M | 4.9M | 7.1M | 10.6M | 11.9M | -- | -- |
| Depreciation And Amortization | 10.8M | 11.0M | 10.9M | 11.4M | 11.4M | -- | -- |
| Depreciation Amortization Depletion | 10.8M | 11.0M | 10.9M | 11.4M | 11.4M | -- | -- |
| Stock Based Compensation | 830,000 | 529,000 | 625,000 | 517,000 | 1.0M | -- | -- |
| Deferred Tax | -336,000 | -526,000 | -435,000 | -281,000 | -274,000 | -- | -- |
| Deferred Income Tax | -336,000 | -526,000 | -435,000 | -281,000 | -274,000 | -- | -- |
| Change In Working Capital | 1.0M | -3.2M | -3.2M | 1.1M | 1.1M | -- | -- |
| Changes In Account Receivables | 3.7M | -2.4M | -1.0M | 2.3M | 2.3M | -- | -- |
| Change In Receivables | 3.8M | -2.0M | -757,000 | 2.8M | 2.4M | -- | -- |
| Change In Inventory | 293,000 | 677,000 | 972,000 | 1.0M | 671,000 | -- | -- |
| Change In Payables And Accrued Expense | -675,000 | -458,000 | -3.3M | -154,000 | -2.2M | -- | -- |
| Change In Payable | -675,000 | -458,000 | -3.3M | -154,000 | -2.2M | -- | -- |
| Change In Other Working Capital | -1.7M | -410,000 | -230,000 | -1.5M | -408,000 | -- | -- |
| Change In Other Current Assets | -101,000 | -901,000 | 359,000 | -1.1M | 608,000 | -- | -- |
| Change In Other Current Liabilities | -570,000 | -16,000 | -184,000 | -68,000 | -11,000 | -- | -- |
| Other Non Cash Items | 70,000 | 51,000 | 67,000 | 73,000 | 78,000 | -- | -- |
| Capital Expenditure | -2.1M | -1.7M | -2.3M | -2.3M | -2.1M | -- | -- |
| Purchase Of PPE | -422,000 | -241,000 | -822,000 | -622,000 | -511,000 | -- | -- |
| Net PPE Purchase And Sale | -4.9M | 4.3M | -822,000 | -622,000 | -511,000 | -- | -- |
| Investing Cash Flow | -2.1M | 2.8M | -2.3M | -2.3M | -2.1M | -- | -- |
| Cash Flow From Continuing Investing Activities | -2.1M | 2.8M | -2.3M | -2.3M | -2.1M | -- | -- |
| Issuance Of Debt | -- | -- | -- | -- | -- | -- | 0.00 |
| Repayment Of Debt | -5.6M | -5.6M | -5.8M | -8.1M | -9.5M | -- | -- |
| Net Issuance Payments Of Debt | -5.6M | -5.6M | -5.8M | -8.1M | -9.5M | -- | -- |
| Repurchase Of Capital Stock | -984,000 | -44,000 | -2.8M | -78,000 | 0.00 | -- | -- |
| Net Common Stock Issuance | -984,000 | -44,000 | -2.8M | -78,000 | 0.00 | -- | -- |
| Common Stock Payments | -984,000 | -44,000 | -2.8M | -78,000 | 0.00 | -- | -- |
| Financing Cash Flow | -6.6M | -5.5M | -8.6M | -8.1M | -9.5M | -- | -- |
| Cash Flow From Continuing Financing Activities | -6.6M | -5.5M | -8.6M | -8.1M | -9.5M | -- | -- |
| Changes In Cash | 1.4M | 2.2M | -3.8M | 226,000 | 316,000 | -- | -- |
| Beginning Cash Position | 15.7M | 13.5M | 17.3M | 17.1M | 16.7M | -- | -- |
| End Cash Position | 17.1M | 15.7M | 13.5M | 17.3M | 17.1M | -- | -- |
| Free Cash Flow | 8.0M | 3.2M | 4.8M | 8.4M | 9.8M | -- | -- |
| Amortization Cash Flow | 9.6M | 9.7M | 9.3M | 9.8M | 9.7M | -- | -- |
| Amortization Of Intangibles | 9.6M | 9.7M | 9.3M | 9.8M | 9.7M | -- | -- |
| Change In Account Payable | -924,000 | 810,000 | -3.3M | 1.1M | 407,000 | -- | -- |
| Change In Income Tax Payable | 249,000 | -1.3M | -23,000 | -1.2M | -2.6M | -- | -- |
| Change In Tax Payable | 249,000 | -1.3M | -23,000 | -1.2M | -2.6M | -- | -- |
| Depreciation | 1.2M | 1.2M | 1.6M | 1.6M | 1.7M | -- | -- |
| Gain Loss On Sale Of PPE | 22,000 | 113,000 | 34,000 | 55,000 | 55,000 | -- | -- |
| Long Term Debt Issuance | -- | -- | -- | -- | -- | -- | 0.00 |
| Long Term Debt Payments | -5.6M | -5.6M | -5.8M | -8.1M | -9.5M | -- | -- |
| Net Foreign Currency Exchange Gain Loss | -203,000 | 78,000 | -22,000 | -45,000 | 46,000 | -- | -- |
| Net Income From Continuing Operations | -2.0M | -2.3M | 209,000 | -1.4M | -1.9M | -- | -- |
| Net Intangibles Purchase And Sale | -1.7M | -1.5M | -1.5M | -1.6M | -1.6M | -- | -- |
| Net Long Term Debt Issuance | -5.6M | -5.6M | -5.8M | -8.1M | -9.5M | -- | -- |
| Net Other Financing Charges | -- | -- | -- | -- | -- | -- | 0.00 |
| Operating Gains Losses | -181,000 | 191,000 | 111,000 | 10,000 | 101,000 | -- | -- |
| Proceeds From Stock Option Exercised | 0.00 | 72,000 | -- | -- | 0.00 | 0.00 | 0.00 |
| Purchase Of Intangibles | -- | -- | -- | -1.6M | -1.6M | -1.7M | -- |
| Sale Of PPE | -- | 4.5M | -- | -- | -- | 0.00 | -- |
| Taxes Refund Paid | -89,000 | -773,000 | -1.2M | -735,000 | 397,000 | -- | -- |