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Tilray Brands, Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Nov 30, 2025 Q3 2025Aug 31, 2025 Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024
Total Revenue 217.5M 209.5M 224.5M 185.8M 210.9M
Operating Revenue 243.7M 209.5M 155.3M 206.6M 236.3M
Cost Of Revenue 160.0M 152.0M 156.9M 133.8M 149.7M
Gross Profit 57.5M 57.5M 67.6M 52.0M 61.2M
Selling General And Administration 73.1M 64.4M 59.6M 60.1M 72.4M
General And Administrative Expense 51.3M 41.3M 36.3M 39.4M 46.5M
Research And Development 78,000 41,000 34,000 85,000 60,000
Depreciation And Amortization In Income Statement 4.4M 3.9M 20.7M 23.2M 22.9M
Operating Expense 77.5M 68.3M 80.3M 83.4M 95.4M
Operating Income -20.0M -10.9M -12.7M -31.4M -34.2M
EBIT -34.6M 5.9M -1.4B -784.0M -75.5M
Interest Expense 5.4M 6.7M 15.3M 8.4M 7.8M
Interest Expense Non Operating 5.4M 6.7M 15.3M 8.4M 7.8M
Net Interest Income -5.4M -6.7M -4.0M -8.4M -7.8M
Other Income Expense -14.6M 16.8M -1.4B -752.6M -41.3M
Other Non Operating Income Expenses -1.6M 543,000 -19.8M 2.4M -293,000
Special Income Charges -2.3M 13.0M -1.4B -708.5M -8.1M
Restructuring And Mergern Acquisition 1.5M -13.7M 19.0M 6.7M 7.7M
Write Off -- -- -- 699.2M --
Gain On Sale Of Security -10.7M 3.3M 73.1M -46.4M -33.0M
Pretax Income -40.0M -772,000 -1.4B -792.3M -83.2M
Tax Provision 3.5M -2.3M -125.1M 1.2M 2.0M
Tax Effect Of Unusual Items -2.7M 3.4M -121.9M -158.5M -8.6M
Net Income From Continuing And Discontinued Operation -44.9M -322,000 -1.3B -789.4M -85.3M
Net Income From Continuing Operation Net Minority Interest -44.9M -322,000 -1.3B -789.4M -85.3M
Net Income Including Noncontrolling Interests -43.5M 1.5M -1.3B -793.5M -85.3M
Minority Interests -1.4M -1.8M -4.9M 4.1M -67,000
Net Income Common Stockholders -44.9M -322,000 -1.3B -789.4M -85.3M
Net Income -44.9M -322,000 -1.3B -789.4M -85.3M
EBITDA -18.6M 21.5M -1.3B -750.4M -41.4M
Normalized EBITDA -5.7M 5.2M 13.0M 4.5M -394,000
Reconciled Depreciation 16.0M 15.6M 34.1M 33.5M 34.0M
Basic EPS -0.41 -- -13.00 -8.70 -1.00
Diluted EPS -0.41 -- -13.00 -8.70 -1.00
Basic Average Shares 110.3M 106.0M 97.8M 90.8M 85.3M
Diluted Average Shares 110.3M 106.0M 97.8M 90.8M 85.3M
Total Unusual Items -12.9M 16.3M -1.4B -755.0M -41.0M
Total Unusual Items Excluding Goodwill -12.9M 16.3M -1.4B -755.0M -41.0M
Tax Rate For Calcs 0.21 0.21 0.09 0.21 0.21
Normalized Income -34.7M -13.2M -38.1M -193.0M -52.9M
Amortization 4.4M 3.9M 20.7M 23.2M 22.9M
Amortization Of Intangibles Income Statement 4.4M 3.9M 20.7M 23.2M 22.9M
Depreciation Amortization Depletion Income Statement 4.4M 3.9M 20.7M 23.2M 22.9M
Diluted NI Availto Com Stockholders -44.9M -322,000 -1.3B -789.4M -85.3M
Excise Taxes 26.1M -- -- 20.8M 25.3M
Gain On Sale Of Ppe 134,000 241,000 -1.7M 202,000 505,000
Insurance And Claims 2.5M 2.4M 3.3M 2.9M 3.2M
Net Income Continuous Operations -43.5M 1.5M -1.3B -793.5M -85.3M
Net Non Operating Interest Income Expense -5.4M -6.7M -4.0M -8.4M -7.8M
Other Gand A 10.6M 11.2M 4.7M 9.8M 12.3M
Other Special Charges 869,000 1.0M 12.1M 2.8M 901,000
Reconciled Cost Of Revenue 148.4M 140.4M 143.5M 123.4M 138.6M
Rent And Landing Fees 1.2M 886,000 412,000 726,000 1.0M
Rent Expense Supplemental 1.2M 886,000 412,000 726,000 1.0M
Salaries And Wages 37.0M 26.8M 27.9M 25.9M 30.0M
Selling And Marketing Expense 21.8M 23.1M 23.3M 20.7M 25.9M
Total Expenses 237.5M 220.4M 237.2M 217.2M 245.1M
Total Operating Income As Reported -22.3M 2.1M -1.4B -759.9M -42.2M
Line Item Q4 2025Nov 30, 2025 Q3 2025Aug 31, 2025 Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024
Cash And Cash Equivalents 246.7M 264.8M 221.7M 200.0M 189.7M
Cash Cash Equivalents And Short Term Investments 291.6M 264.8M 256.4M 248.4M 252.2M
Other Short Term Investments 44.8M 0.00 34.7M 48.5M 62.6M
Accounts Receivable 109.1M 107.1M 121.5M 103.4M 112.7M
Receivables 109.1M 107.1M 121.5M 103.4M 112.7M
Inventory 283.2M 282.8M 270.9M 263.4M 266.0M
Other Current Assets 41.5M 40.6M 34.1M 40.1M 44.9M
Current Assets 729.3M 701.1M 688.6M 686.3M 707.3M
Gross PPE 832.2M 832.9M 827.0M 771.8M 782.3M
Accumulated Depreciation -262.3M -251.8M -236.3M -217.0M -209.7M
Net PPE 569.9M 581.2M 590.7M 554.8M 572.7M
Goodwill 752.4M 752.4M 752.4M 1.3B 2.0B
Goodwill And Other Intangible Assets 774.9M 777.5M 773.8M 2.1B 2.9B
Other Intangible Assets 22.6M 25.2M 21.4M 847.2M 866.6M
Investments And Advances 13.4M 10.2M 10.1M 10.0M 7.4M
Long Term Equity Investment -- -- -- -- --
Other Non Current Assets 11.1M 11.7M 11.1M 5.0M 5.1M
Total Non Current Assets 1.4B 1.4B 1.4B 2.7B 3.5B
Total Assets 2.1B 2.1B 2.1B 3.4B 4.2B
Current Debt 25.5M 24.5M 21.9M 23.6M 33.6M
Current Debt And Capital Lease Obligation 32.9M 32.0M 28.9M 30.2M 40.2M
Accounts Payable 114.5M 110.8M 107.3M 98.9M 99.1M
Payables 122.9M 121.4M 114.0M 104.6M 104.5M
Payables And Accrued Expenses 226.4M 230.9M 235.3M 216.6M 221.7M
Current Accrued Expenses 103.6M 109.5M 121.3M 111.9M 117.2M
Other Current Liabilities -- 4.8M 16.1M 15.4M 16.7M
Current Liabilities 259.3M 267.6M 280.3M 262.2M 278.5M
Long Term Debt 225.0M 228.4M 234.9M 253.5M 271.6M
Long Term Debt And Capital Lease Obligation 286.7M 291.8M 299.8M 313.7M 333.6M
Long Term Capital Lease Obligation 61.7M 63.3M 64.9M 60.2M 62.0M
Other Non Current Liabilities 417,000 626,000 855,000 1.3M 17,000
Total Non Current Liabilities Net Minority Interest 292.8M 294.4M 304.4M 438.9M 459.6M
Total Liabilities Net Minority Interest 552.1M 562.0M 584.8M 701.0M 738.1M
Common Stock 116,000 111,000 106,000 99,000 93,000
Capital Stock 116,000 111,000 106,000 99,000 93,000
Additional Paid In Capital 6.5B 6.4B 6.4B 6.4B 6.3B
Retained Earnings -4.9B -4.8B -4.8B -3.6B -2.8B
Treasury Stock 0.00 0.00 0.00 0.00 0.00
Gains Losses Not Affecting Retained Earnings -39.3M -43.2M -43.1M -52.9M -48.0M
Other Equity Adjustments -39.3M -43.2M -43.1M -52.9M --
Common Stock Equity 1.6B 1.5B 1.5B 2.7B 3.5B
Stockholders Equity 1.6B 1.5B 1.5B 2.7B 3.5B
Total Equity Gross Minority Interest 1.5B 1.5B 1.5B 2.7B 3.5B
Minority Interest -33.3M -20.1M -21.9M -27.7M -19.3M
Total Capitalization 1.8B 1.8B 1.7B 3.0B 3.7B
Net Tangible Assets 804.9M 763.2M 737.7M 582.8M 605.7M
Tangible Book Value 804.9M 763.2M 737.7M 582.8M 605.7M
Working Capital 470.0M 433.5M 408.3M 424.1M 428.8M
Invested Capital 1.8B 1.8B 1.8B 3.0B 3.8B
Total Debt 319.6M 323.7M 328.7M 343.9M 373.8M
Net Debt 3.7M -- 35.2M 77.2M 115.5M
Share Issued 116.5M 112.2M 106.1M 98.3M 92.9M
Ordinary Shares Number 116.2M 111.8M 105.9M 97.4M 92.6M
Allowance For Doubtful Accounts Receivable -- -- -3.7M -- --
Assets Held For Sale Current 4.0M 5.8M 5.8M 31.0M 31.5M
Available For Sale Securities 13.4M 10.2M 10.1M 10.0M 7.4M
Capital Lease Obligations 69.2M 70.8M 71.9M 66.8M 68.6M
Construction In Progress 12.5M 11.2M 11.2M 12.3M 13.9M
Current Capital Lease Obligation 7.4M 7.5M 6.9M 6.6M 6.6M
Financial Assets -- 992,000 -- -- --
Finished Goods 159.7M 157.5M 152.0M 145.4M 151.7M
Foreign Currency Translation Adjustments -- -- -- -- -48.0M
Gross Accounts Receivable -- -- 125.2M -- --
Income Tax Payable 1.9M 1.0M 58,000 1.5M 1.4M
Interest Payable 3.9M 2.7M 4.2M 3.2M 5.2M
Investmentin Financial Assets 13.4M 10.2M 10.1M 10.0M 7.4M
Land And Improvements 45.2M 45.1M 44.5M 43.6M 44.2M
Leases 22.1M 20.4M 20.4M 20.2M 18.8M
Line Of Credit 8.6M 8.2M 7.2M 10.7M 17.8M
Machinery Furniture Equipment 415.1M 416.6M 407.6M 377.2M 388.5M
Non Current Deferred Liabilities 5.6M 1.9M 3.7M 123.9M 126.0M
Non Current Deferred Taxes Liabilities 5.6M 1.9M 3.7M 123.9M 126.0M
Non Current Note Receivables -- -- 0.00 0.00 32.0M
Other Current Borrowings 16.9M 16.3M 14.8M 12.9M 15.8M
Other Inventories 94.4M 98.3M 94.9M 99.9M 100.0M
Other Properties 337.4M 339.6M 343.2M 318.6M 317.0M
Preferred Stock 0.00 0.00 0.00 0.00 0.00
Properties 0.00 0.00 0.00 0.00 0.00
Raw Materials 29.1M 27.0M 24.0M 18.1M 14.3M
Total Tax Payable 8.4M 10.6M 6.7M 5.7M 5.4M
Treasury Shares Number 321,391 321,391 200,421 961,942 368,260
Line Item Q4 2025Nov 30, 2025 Q3 2025Aug 31, 2025 Q2 2025May 31, 2025 Q1 2025Feb 28, 2025 Q4 2024Nov 30, 2024
Operating Cash Flow -8.5M -1.3M -12.8M -5.8M -40.7M
Cash Flow From Continuing Operating Activities -8.5M -1.3M -12.8M -5.8M -40.7M
Depreciation And Amortization 16.0M 15.6M 34.1M 33.5M 34.0M
Depreciation Amortization Depletion 16.0M 15.6M 34.1M 33.5M 34.0M
Stock Based Compensation 12.3M 5.1M 6.1M 4.0M 7.2M
Deferred Tax 3.5M -2.3M -123.7M 1.2M 1.1M
Deferred Income Tax 3.5M -2.3M -123.7M 1.2M 1.1M
Change In Working Capital -7.8M -9.8M -11.1M 3.6M -18.3M
Changes In Account Receivables -2.0M 14.4M -18.1M 9.4M -6.7M
Change In Receivables -2.0M 14.4M -18.1M 9.4M -6.7M
Change In Inventory -411,000 -11.9M -8.0M 2.5M 4.3M
Change In Payables And Accrued Expense -5.2M -5.1M 15.0M -13.1M -16.4M
Other Non Cash Items 3.5M -12.7M 67,000 21.0M 5.5M
Capital Expenditure -9.7M -9.5M -6.3M -14.4M -5.4M
Purchase Of PPE -9.7M -9.5M -6.3M -14.4M -5.4M
Net PPE Purchase And Sale -9.6M -9.2M -340,000 -14.2M -4.8M
Purchase Of Business -- -- 100,000 0.00 --
Sale Of Business -- -- -- -- --
Purchase Of Investment -13.7M -1.0M -- -- 12.3M
Sale Of Investment -- 34.7M -- -- --
Net Investment Purchase And Sale -48.4M 33.7M 13.8M 14.1M 12.3M
Investing Cash Flow -58.0M 24.5M 13.5M -119,000 -10.7M
Cash Flow From Continuing Investing Activities -58.0M 24.5M 13.5M -119,000 -10.7M
Issuance Of Debt 382,000 1.0M 0.00 3.5M -101,000
Repayment Of Debt -5.2M -3.6M 7.6M -13.6M -6.7M
Net Issuance Payments Of Debt -4.8M -2.6M -3.3M -10.2M -6.8M
Issuance Of Capital Stock 50.6M 22.5M 21.4M 28.2M 45.0M
Repurchase Of Capital Stock -- -- -- -- --
Net Common Stock Issuance 50.6M 22.5M 21.4M 28.2M 45.0M
Common Stock Payments -- -- -- -- --
Financing Cash Flow 48.1M 19.8M 16.6M 18.1M 38.2M
Cash Flow From Continuing Financing Activities 48.1M 19.8M 16.6M 18.1M 38.2M
Effect Of Exchange Rate Changes 317,000 188,000 4.4M -1.9M -2.2M
Changes In Cash -18.4M 43.0M 17.4M 12.2M -13.2M
Beginning Cash Position 264.8M 221.7M 200.0M 189.7M 205.2M
End Cash Position 246.7M 264.8M 221.7M 200.0M 189.7M
Free Cash Flow -18.2M -10.9M -19.1M -20.2M -46.2M
Amortization Cash Flow 16.0M 15.6M 34.1M 33.5M 34.0M
Amortization Of Intangibles 16.0M 15.6M 34.1M 33.5M 34.0M
Asset Impairment Charge -- -- 1.4B -- --
Change In Prepaid Assets -261,000 -7.1M -6,000 4.8M 524,000
Common Stock Issuance 50.6M 22.5M 21.4M 28.2M 45.0M
Gain Loss On Investment Securities 170,000 3.6M 745,000 4.1M -297,000
Long Term Debt Issuance -- -- 0.00 3.5M 0.00
Long Term Debt Payments -5.2M -3.6M 295,000 -6.6M -6.5M
Net Business Purchase And Sale -- -- 100,000 0.00 -18.2M
Net Foreign Currency Exchange Gain Loss 7.2M -2.3M -48.9M 21.1M 15.2M
Net Income From Continuing Operations -43.5M 1.5M -1.3B -793.5M -85.3M
Net Long Term Debt Issuance -5.2M -3.6M 295,000 -3.1M -6.5M
Net Short Term Debt Issuance 382,000 1.0M -3.6M -7.0M -383,000
Operating Gains Losses 7.4M 1.3M -47.3M 25.2M 14.9M
Sale Of PPE 134,000 293,000 6.0M 202,000 603,000
Short Term Debt Issuance 382,000 1.0M -- -- --
Short Term Debt Payments -- -- -- -7.0M --
Unrealized Gain Loss On Investment Securities 164,000 8,000 -- -- 0.00
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