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Stardust Solar Energy Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 1.8M 1.2M 1.0M 767,005 896,030
Operating Revenue 1.8M 1.2M 1.0M 767,005 896,030
Cost Of Revenue 1.0M 697,035 516,935 621,483 616,029
Gross Profit 777,823 509,380 486,169 145,522 280,001
Selling General And Administration 645,095 774,389 831,053 779,641 620,881
General And Administrative Expense 427,164 492,737 554,216 593,107 534,584
Depreciation And Amortization In Income Statement 28,149 27,478 27,478 29,966 10,958
Other Operating Expenses 27,659 62,968 70,188 95,096 23,118
Operating Expense 760,707 903,980 966,087 965,573 682,840
Operating Income 17,116 -394,600 -479,918 -820,051 -402,839
EBIT -11,598 -410,287 -534,838 -442,888 -4.3M
Interest Expense 13,420 62,546 117,564 79,445 18,320
Interest Expense Non Operating 13,420 62,546 117,564 79,445 18,320
Interest Income 258.00 2,210 5,242 6,955 2,202
Interest Income Non Operating 258.00 2,210 5,242 6,955 2,202
Net Interest Income -13,162 -60,336 -112,322 -72,490 -16,118
Other Income Expense -28,972 -17,897 -60,162 369,662 -3.9M
Other Non Operating Income Expenses 10,528 -- -- -- --
Special Income Charges -38,501 -18,036 -53,779 367,059 -3.9M
Restructuring And Mergern Acquisition 0.00 -- -- 0.00 3.9M
Write Off 38,501 18,036 53,779 28.00 35,645
Gain On Sale Of Security -999.00 139.00 -6,383 2,603 -466.00
Pretax Income -25,018 -472,833 -652,402 -522,333 -4.4M
Tax Provision -- -- -- -5,583 0.00
Tax Effect Of Unusual Items 0.00 0.00 0.00 3,951 0.00
Net Income From Continuing And Discontinued Operation -25,018 -472,833 -652,402 -516,750 -4.4M
Net Income From Continuing Operation Net Minority Interest -25,018 -472,833 -652,402 -516,750 -4.4M
Net Income Including Noncontrolling Interests -25,018 -472,833 -652,402 -516,750 -4.4M
Net Income Common Stockholders -25,018 -472,833 -652,402 -516,750 -4.4M
Net Income -25,018 -472,833 -652,402 -516,750 -4.4M
EBITDA 16,551 -382,809 -507,360 -412,922 -4.3M
Normalized EBITDA 56,051 -364,912 -447,198 -782,584 -399,053
Reconciled Depreciation 28,149 27,478 27,478 29,965 10,958
Basic EPS 0.00 -0.01 -0.01 -- -0.06
Diluted EPS 0.00 -0.01 -0.01 -- -0.06
Basic Average Shares 88.8M 88.2M 84.4M -- 70.4M
Diluted Average Shares 88.8M 88.2M 84.4M -- 70.4M
Total Unusual Items -39,500 -17,897 -60,162 369,662 -3.9M
Total Unusual Items Excluding Goodwill -39,500 -17,897 -60,162 369,662 -3.9M
Tax Rate For Calcs 0.00 0.00 0.00 0.01 0.00
Normalized Income 14,482 -454,936 -592,240 -882,461 -428,331
Depreciation Amortization Depletion Income Statement 28,149 27,478 27,478 29,966 10,958
Diluted NI Availto Com Stockholders -25,018 -472,833 -652,402 -516,750 -4.4M
Impairment Of Capital Assets -- -- -- 0.00 0.00
Insurance And Claims 17,715 14,126 14,126 18,955 13,705
Net Income Continuous Operations -25,018 -472,833 -652,402 -516,750 -4.4M
Net Non Operating Interest Income Expense -13,162 -60,336 -112,322 -72,490 -16,118
Other Gand A 303,330 109,587 145,672 343,382 256,530
Other Taxes 59,804 39,145 37,368 60,870 27,883
Reconciled Cost Of Revenue 1.0M 697,035 516,935 621,484 616,029
Salaries And Wages 106,119 369,024 394,418 230,770 264,349
Selling And Marketing Expense 217,931 281,652 276,837 186,534 86,297
Total Expenses 1.8M 1.6M 1.5M 1.6M 1.3M
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 340,170 171,024 624,293 1.3M 1.5M
Cash Cash Equivalents And Short Term Investments 340,170 171,024 624,293 1.3M 1.5M
Cash Financial -- -- 624,293 1.3M 1.5M
Accounts Receivable 1.0M 790,879 539,484 313,776 260,580
Receivables 1.0M 796,406 548,938 313,776 260,580
Inventory 20,510 103,203 4,289 21,120 21,363
Prepaid Assets 75,453 208,375 48,598 32,739 15,657
Current Assets 1.5M 1.3M 1.2M 1.7M 1.8M
Gross PPE 213,893 225,577 243,225 260,873 35,835
Accumulated Depreciation -26,796 -24,873 -22,993 -22,370 -19,003
Net PPE 187,097 200,704 220,232 238,503 16,832
Goodwill 177,246 177,246 177,246 177,246 --
Goodwill And Other Intangible Assets 368,304 376,883 385,461 394,040 21,940
Other Intangible Assets 191,058 199,637 208,215 216,794 21,940
Total Non Current Assets 555,401 577,587 605,693 632,543 50,516
Total Assets 2.0M 1.9M 1.8M 2.3M 1.9M
Current Debt 127,074 24,501 24,519 21,069 15,819
Current Debt And Capital Lease Obligation 197,658 91,767 88,633 81,013 15,819
Accounts Payable 1.4M 1.2M 981,275 1.3M 1.6M
Payables 1.5M 1.2M 995,897 1.4M 1.7M
Payables And Accrued Expenses 1.5M 1.2M 995,897 1.4M 1.7M
Current Deferred Revenue 148,796 166,117 183,245 358,173 280,366
Other Current Liabilities 1.00 -- 25,069 23,000 --
Current Liabilities 1.9M 1.5M 1.3M 1.8M 2.0M
Long Term Debt 84,828 121,653 294,587 710,551 222,010
Long Term Debt And Capital Lease Obligation 202,055 257,779 448,896 882,105 222,010
Long Term Capital Lease Obligation 117,227 136,126 154,309 171,554 --
Total Non Current Liabilities Net Minority Interest 202,055 257,779 448,896 882,105 232,187
Total Liabilities Net Minority Interest 2.1M 1.8M 1.7M 2.7M 2.3M
Common Stock 7.7M 7.7M 7.3M 6.3M 6.0M
Capital Stock 7.7M 7.7M 7.3M 6.3M 6.0M
Retained Earnings -7.9M -7.9M -7.4M -6.8M -6.3M
Gains Losses Not Affecting Retained Earnings -305,617 -310,362 -303,314 -303,453 -305,875
Other Equity Adjustments -305,617 -310,362 -303,314 -303,453 -305,875
Common Stock Equity -32,338 104,138 89,443 -444,000 -371,074
Stockholders Equity -32,338 104,138 89,443 -444,000 -371,074
Total Equity Gross Minority Interest -32,338 104,138 89,443 -444,000 -371,074
Total Capitalization 52,490 225,791 384,030 266,551 -149,064
Net Tangible Assets -400,642 -272,745 -296,018 -838,040 -393,014
Tangible Book Value -400,642 -272,745 -296,018 -838,040 -393,014
Working Capital -385,685 -215,670 -66,726 -194,438 -189,403
Invested Capital 179,564 250,292 408,549 287,620 -133,245
Total Debt 399,713 349,546 537,529 963,118 237,829
Share Issued 88.8M 88.8M 85.4M 73.8M 70.4M
Ordinary Shares Number 88.8M 88.8M 85.4M 73.8M 70.4M
Capital Lease Obligations 187,811 203,392 218,423 231,498 0.00
Current Capital Lease Obligation 70,584 67,266 64,114 59,944 0.00
Current Deferred Liabilities 148,796 166,117 183,245 358,173 280,366
Dueto Related Parties Current 0.00 0.00 1,859 1,859 53,925
Income Tax Payable 0.00 0.00 0.00 5,265 --
Non Current Prepaid Assets -- -- -- -- 11,744
Other Current Borrowings 127,074 24,501 24,519 21,069 15,819
Other Equity Interest 504,556 625,532 548,638 363,703 201,006
Other Properties 213,893 225,577 243,225 260,873 35,835
Taxes Receivable 669.00 5,527 9,454 -- --
Total Tax Payable 71,330 33,402 12,763 56,785 94,956
Tradeand Other Payables Non Current -- -- -- -- 10,177
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow 130,565 -590,848 -1.2M -932,961 -203,126
Cash Flow From Continuing Operating Activities 130,565 -590,848 -1.2M -932,963 -4.1M
Depreciation And Amortization 28,149 27,478 27,478 29,965 10,958
Depreciation Amortization Depletion 28,149 27,478 27,478 29,965 10,958
Stock Based Compensation -116,203 106,654 152,397 127,750 45,306
Change In Working Capital 233,269 -282,459 -797,803 -277,662 194,903
Changes In Account Receivables -246,601 -251,395 -225,708 -53,196 -40,945
Change In Receivables -246,601 -251,395 -225,708 -53,196 -40,945
Change In Inventory 82,693 -98,914 16,831 243.00 -9,653
Change In Payables And Accrued Expense 281,576 244,755 -398,139 -285,434 48,455
Change In Payable 281,576 244,755 -398,139 -285,434 48,455
Change In Other Working Capital -17,321 -17,128 -174,928 77,807 193,373
Other Non Cash Items 10,368 30,312 89,746 -296,264 3.9M
Capital Expenditure -5,964 -- -- -7,380 --
Purchase Of PPE -5,964 0.00 0.00 -7,380 0.00
Net PPE Purchase And Sale -5,964 0.00 0.00 -7,380 0.00
Investing Cash Flow -5,964 0.00 0.00 305,360 1.1M
Cash Flow From Continuing Investing Activities -5,964 0.00 0.00 305,360 0.00
Issuance Of Debt -- -- -- 528,000 --
Repayment Of Debt -60,200 -218,295 -515,335 -58,447 -11,400
Net Issuance Payments Of Debt -60,200 -218,295 -515,335 469,553 -11,400
Issuance Of Capital Stock 0.00 401,250 1.1M -- 39,000
Net Common Stock Issuance 0.00 401,250 1.1M -- 39,000
Financing Cash Flow 39,800 144,627 519,974 374,763 307,600
Cash Flow From Continuing Financing Activities -60,200 144,627 519,974 374,763 27,600
Effect Of Exchange Rate Changes 4,745 -7,048 139.00 2,422 -267.00
Changes In Cash 164,401 -446,221 -660,610 -252,838 1.2M
Beginning Cash Position 171,024 624,293 1.3M 1.5M 347,428
End Cash Position 340,170 171,024 624,293 1.3M 1.5M
Free Cash Flow 124,601 -590,848 -1.2M -940,341 -203,126
Income Tax Paid Supplemental Data 0.00 10,235 10,235 0.00 0.00
Interest Paid Supplemental Data 6,271 15,285 32,646 31,109 561.00
Amortization Cash Flow -- -- -- -- -30,585
Amortization Of Intangibles -- -- -- -- -30,585
Asset Impairment Charge -- -- -- 0.00 0.00
Change In Account Payable 238,790 222,048 -344,663 -185,020 30,752
Change In Income Tax Payable 42,786 24,566 -53,476 -48,348 19,759
Change In Prepaid Assets 132,922 -159,777 -15,859 -17,082 3,673
Change In Tax Payable 42,786 24,566 -53,476 -48,348 19,759
Common Stock Issuance 0.00 401,250 1.1M -- 39,000
Depreciation 28,149 27,478 27,478 30,908 10,958
Long Term Debt Issuance -- -- -- 528,000 --
Long Term Debt Payments -60,200 -218,295 -515,335 -58,447 -11,400
Net Income From Continuing Operations -25,018 -472,833 -652,402 -516,750 -4.4M
Net Intangibles Purchase And Sale -- -- -- 0.00 0.00
Net Long Term Debt Issuance -60,200 -218,295 -515,335 469,553 -11,400
Net Other Financing Charges 100,000 -38,328 -101,301 -94,790 280,000
Net Other Investing Changes -- -- -- 312,740 1.1M
Net Short Term Debt Issuance -- -- -- -- --
Purchase Of Intangibles -- -- -- 0.00 0.00
Short Term Debt Payments -- -- -- -- --
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