Stardust Solar Energy Inc.

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023
Total Revenue	3.6M	2.6M
Operating Revenue	3.6M	2.6M
Cost Of Revenue	2.6M	1.8M
Gross Profit	967,112	876,959
Selling General And Administration	2.3M	1.2M
General And Administrative Expense	2.0M	1.0M
Depreciation And Amortization In Income Statement	72,451	64,206
Other Operating Expenses	155,696	56,371
Operating Expense	2.7M	1.3M
Operating Income	-1.7M	-451,988
EBIT	-5.3M	-509,127
Interest Expense	125,929	52,292
Interest Expense Non Operating	125,929	52,292
Interest Income	12,260	326.00
Interest Income Non Operating	12,260	326.00
Net Interest Income	-113,669	-51,966
Other Income Expense	-3.6M	-57,465
Special Income Charges	-3.6M	-57,848
Restructuring And Mergern Acquisition	3.9M	--
Write Off	47,941	29,802
Gain On Sale Of Security	1,599	383.00
Pretax Income	-5.4M	-561,419
Tax Provision	-5,583	13,617
Tax Effect Of Unusual Items	-3,684	-22,986
Net Income From Continuing And Discontinued Operation	-5.4M	-575,036
Net Income From Continuing Operation Net Minority Interest	-5.4M	-575,036
Net Income Including Noncontrolling Interests	-5.4M	-575,036
Net Income Common Stockholders	-5.4M	-575,036
Net Income	-5.4M	-575,036
EBITDA	-5.2M	-444,921
Normalized EBITDA	-1.6M	-387,456
Reconciled Depreciation	72,451	63,137
Basic EPS	-0.16	-0.01
Diluted EPS	-0.16	-0.01
Basic Average Shares	32.9M	70.4M
Diluted Average Shares	32.9M	70.4M
Total Unusual Items	-3.6M	-57,465
Total Unusual Items Excluding Goodwill	-3.6M	-57,465
Tax Rate For Calcs	0.00	0.40
Normalized Income	-1.8M	-540,557
Depreciation Amortization Depletion Income Statement	72,451	64,206
Diluted NI Availto Com Stockholders	-5.4M	-575,036
Impairment Of Capital Assets	0.00	28,046
Insurance And Claims	52,348	40,323
Net Income Continuous Operations	-5.4M	-575,036
Net Non Operating Interest Income Expense	-113,669	-51,966
Other Gand A	987,441	313,188
Other Special Charges	-367,087	--
Other Taxes	120,812	57,402
Reconciled Cost Of Revenue	2.6M	1.8M
Salaries And Wages	932,764	680,764
Selling And Marketing Expense	377,029	116,693
Total Expenses	5.3M	3.1M

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023
Cash And Cash Equivalents	1.3M	356,924
Cash Cash Equivalents And Short Term Investments	1.3M	356,924
Cash Financial	1.3M	356,924
Accounts Receivable	313,776	133,362
Receivables	313,776	133,362
Inventory	21,120	299,040
Prepaid Assets	32,739	5,700
Current Assets	1.7M	795,026
Gross PPE	260,873	73,644
Accumulated Depreciation	-22,370	-16,410
Net PPE	238,503	57,234
Goodwill	177,246	0.00
Goodwill And Other Intangible Assets	394,040	22,883
Other Intangible Assets	216,794	22,883
Total Non Current Assets	632,543	80,117
Total Assets	2.3M	875,143
Current Debt	21,069	5,383
Current Debt And Capital Lease Obligation	81,013	49,229
Accounts Payable	1.3M	701,998
Payables	1.4M	787,031
Payables And Accrued Expenses	1.4M	787,031
Current Deferred Revenue	358,173	387,744
Other Current Liabilities	23,000	315,865
Current Liabilities	1.8M	1.5M
Long Term Debt	710,551	24,873
Long Term Debt And Capital Lease Obligation	882,105	24,873
Long Term Capital Lease Obligation	171,554	0.00
Total Non Current Liabilities Net Minority Interest	882,105	24,873
Total Liabilities Net Minority Interest	2.7M	1.6M
Common Stock	6.3M	898,293
Capital Stock	6.3M	898,293
Retained Earnings	-6.8M	-1.4M
Gains Losses Not Affecting Retained Earnings	-303,453	-305,546
Other Equity Adjustments	-303,453	-305,546
Common Stock Equity	-444,000	-689,599
Stockholders Equity	-444,000	-689,599
Total Equity Gross Minority Interest	-444,000	-689,599
Total Capitalization	266,551	-664,726
Net Tangible Assets	-838,040	-712,482
Tangible Book Value	-838,040	-712,482
Working Capital	-194,438	-744,843
Invested Capital	287,620	-659,343
Total Debt	963,118	74,102
Share Issued	73.8M	70.4M
Ordinary Shares Number	73.8M	70.4M
Capital Lease Obligations	231,498	43,846
Current Capital Lease Obligation	59,944	43,846
Current Deferred Liabilities	358,173	387,744
Dueto Related Parties Current	1,859	36,430
Income Tax Payable	5,265	9,971
Other Current Borrowings	21,069	5,383
Other Equity Interest	363,703	76,000
Other Properties	260,873	73,644
Total Tax Payable	56,785	48,603

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023
Operating Cash Flow	-1.1M	-231,210
Cash Flow From Continuing Operating Activities	-1.1M	-231,210
Depreciation And Amortization	72,451	63,137
Depreciation Amortization Depletion	72,451	63,137
Stock Based Compensation	173,056	0.00
Change In Working Capital	459,848	219,244
Changes In Account Receivables	-180,279	-42,845
Change In Receivables	-180,279	-42,845
Change In Inventory	277,920	-292,802
Change In Payables And Accrued Expense	415,675	302,809
Change In Payable	415,675	302,809
Change In Other Working Capital	-29,571	252,082
Other Non Cash Items	3.6M	8,399
Capital Expenditure	-8,521	-15,397
Purchase Of PPE	-8,521	-257.00
Net PPE Purchase And Sale	-8,521	-257.00
Investing Cash Flow	1.4M	299,332
Cash Flow From Continuing Investing Activities	1.4M	299,332
Issuance Of Debt	808,000	0.00
Repayment Of Debt	-106,549	-68,403
Net Issuance Payments Of Debt	701,451	-68,403
Financing Cash Flow	645,661	247,462
Cash Flow From Continuing Financing Activities	645,661	247,462
Effect Of Exchange Rate Changes	2,093	69.00
Changes In Cash	925,747	315,584
Beginning Cash Position	356,924	41,271
End Cash Position	1.3M	356,924
Free Cash Flow	-1.1M	-246,607
Income Tax Paid Supplemental Data	0.00	0.00
Interest Paid Supplemental Data	32,646	0.00
Asset Impairment Charge	0.00	53,046
Change In Account Payable	442,064	266,672
Change In Income Tax Payable	8,182	26,100
Change In Prepaid Assets	-23,897	0.00
Change In Tax Payable	8,182	26,100
Depreciation	72,451	63,137
Long Term Debt Issuance	808,000	0.00
Long Term Debt Payments	-106,549	-68,403
Net Income From Continuing Operations	-5.4M	-575,036
Net Intangibles Purchase And Sale	0.00	-15,140
Net Long Term Debt Issuance	701,451	-68,403
Net Other Financing Charges	-55,790	315,865
Net Other Investing Changes	1.4M	314,729
Purchase Of Intangibles	0.00	-15,140