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Tree Island Steel Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 221.1M 254.6M 359.6M 301.8M
Operating Revenue 221.1M 254.6M 359.6M 301.8M
Cost Of Revenue 209.3M 224.3M 294.2M 233.2M
Gross Profit 11.8M 30.3M 65.3M 68.6M
Selling General And Administration 13.5M 13.6M 14.9M 16.4M
Other Operating Expenses -- -- 2.2M --
Operating Expense 13.5M 13.6M 14.9M 16.4M
Operating Income -1.7M 16.7M 50.5M 52.3M
EBIT -663,000 13.3M 46.6M 116.0M
Interest Expense 2.3M 1.8M 2.4M 2.5M
Interest Expense Non Operating 2.3M 1.8M 2.4M 2.5M
Interest Income 452,000 763,000 -- --
Interest Income Non Operating 452,000 763,000 -- --
Net Interest Income -1.9M -1.1M -2.4M -2.5M
Other Income Expense 621,000 -4.1M -3.9M 63.8M
Other Non Operating Income Expenses -- -1.3M -2.3M -7,000
Special Income Charges -37,000 -2.6M -1.7M 63.9M
Restructuring And Mergern Acquisition 44,000 2.3M 124,000 --
Gain On Sale Of Security 658,000 -222,000 95,000 -140,000
Pretax Income -2.9M 11.5M 44.2M 113.5M
Tax Provision 973,000 4.0M 11.1M 25.5M
Tax Effect Of Unusual Items 93,150 -964,032 -403,398 14.3M
Net Income From Continuing And Discontinued Operation -3.9M 7.5M 33.1M 88.0M
Net Income From Continuing Operation Net Minority Interest -3.9M 7.5M 33.1M 88.0M
Net Income Including Noncontrolling Interests -3.9M 7.5M 33.1M 88.0M
Net Income Common Stockholders -3.9M 7.5M 33.1M 88.0M
Net Income -3.9M 7.5M 33.1M 88.0M
EBITDA 4.8M 18.3M 52.1M 121.8M
Normalized EBITDA 4.2M 21.1M 53.7M 58.1M
Reconciled Depreciation 5.5M 5.0M 5.5M 5.8M
Basic EPS -0.15 0.27 1.17 3.09
Diluted EPS -0.15 0.27 1.17 3.09
Basic Average Shares 26.1M 27.8M 28.4M 28.5M
Diluted Average Shares 26.1M 27.8M 28.4M 28.5M
Total Unusual Items 621,000 -2.8M -1.6M 63.8M
Total Unusual Items Excluding Goodwill 621,000 -2.8M -1.6M 63.8M
Tax Rate For Calcs 0.15 0.34 0.25 0.22
Normalized Income -4.4M 9.4M 34.3M 38.5M
Diluted NI Availto Com Stockholders -3.9M 7.5M 33.1M 88.0M
Gain On Sale Of Ppe 7,000 -287,000 -214,000 63.9M
Impairment Of Capital Assets -- 0.00 1.4M 0.00
Net Income Continuous Operations -3.9M 7.5M 33.1M 88.0M
Net Non Operating Interest Income Expense -1.9M -1.1M -2.4M -2.5M
Reconciled Cost Of Revenue 209.3M 224.3M 294.2M 233.2M
Total Expenses 222.8M 237.9M 309.1M 249.6M
Total Operating Income As Reported -1.7M 16.7M 50.5M 52.3M
Total Other Finance Cost 47,000 45,000 28,000 12,000
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 8.7M 20.3M 15.0M 33.3M
Cash Cash Equivalents And Short Term Investments 8.7M 20.3M 15.0M 33.3M
Cash Equivalents 1.9M 12.8M 15.0M --
Cash Financial 6.8M 7.6M 15.0M 33.3M
Accounts Receivable 26.4M 23.7M 30.4M 38.1M
Receivables 32.8M 25.9M 31.6M 38.1M
Inventory 52.0M 52.1M 57.5M 77.5M
Prepaid Assets 5.4M 4.7M 5.2M 6.8M
Current Assets 98.9M 103.0M 109.3M 155.6M
Gross PPE 142.2M 136.7M 134.8M 131.3M
Accumulated Depreciation -74.9M -70.0M -69.1M -62.4M
Net PPE 67.3M 66.6M 65.7M 68.9M
Other Non Current Assets 2.6M 2.8M 1.3M 1.3M
Total Non Current Assets 69.9M 69.5M 67.0M 70.2M
Total Assets 168.8M 172.5M 176.3M 225.8M
Current Debt And Capital Lease Obligation 1.4M 739,000 2.3M 6.4M
Accounts Payable 16.5M 15.1M 16.9M 27.3M
Payables 17.3M 15.9M 18.4M 47.9M
Payables And Accrued Expenses 17.3M 15.9M 18.4M 47.9M
Other Current Liabilities -- -1,000 19,000 55,000
Current Liabilities 18.7M 16.7M 20.7M 54.3M
Long Term Debt -- -- -- 10.4M
Long Term Debt And Capital Lease Obligation 25.5M 23.1M 23.6M 34.7M
Long Term Capital Lease Obligation 25.5M 23.1M 23.6M 24.3M
Other Non Current Liabilities 166,000 219,000 456,000 517,000
Total Non Current Liabilities Net Minority Interest 31.2M 28.4M 27.6M 38.9M
Total Liabilities Net Minority Interest 50.0M 45.1M 48.2M 93.2M
Common Stock 215.5M 219.0M 222.6M 223.2M
Capital Stock 215.5M 219.0M 222.6M 223.2M
Retained Earnings -97.6M -90.5M -94.1M -88.0M
Gains Losses Not Affecting Retained Earnings 984,000 -1.1M -400,000 -2.5M
Other Equity Adjustments 984,000 -1.1M -400,000 -2.5M
Common Stock Equity 118.9M 127.4M 128.1M 132.6M
Stockholders Equity 118.9M 127.4M 128.1M 132.6M
Total Equity Gross Minority Interest 118.9M 127.4M 128.1M 132.6M
Total Capitalization 118.9M 127.4M 128.1M 143.0M
Net Tangible Assets 118.9M 127.4M 128.1M 132.6M
Tangible Book Value 118.9M 127.4M 128.1M 132.6M
Working Capital 80.2M 86.4M 88.6M 101.3M
Invested Capital 118.9M 127.4M 128.1M 143.0M
Total Debt 27.0M 23.8M 25.9M 41.0M
Share Issued 26.0M 27.1M 28.3M 28.4M
Ordinary Shares Number 26.0M 27.1M 28.3M 28.4M
Allowance For Doubtful Accounts Receivable -157,000 -312,000 -430,000 -486,000
Buildings And Improvements 48.6M 47.7M 47.3M 47.0M
Capital Lease Obligations 27.0M 23.8M 25.9M 27.8M
Construction In Progress 473,000 2.2M 956,000 411,000
Current Capital Lease Obligation 1.4M 739,000 2.3M 3.5M
Dividends Payable 781,000 814,000 1.4M 2.3M
Finished Goods 24.0M 21.1M 26.6M 33.0M
Gross Accounts Receivable 26.5M 24.1M 30.9M 38.5M
Income Tax Payable -- -- 0.00 18.3M
Land And Improvements 13.3M 13.3M 13.3M 13.3M
Leases 27.6M 24.4M 25.9M 24.4M
Machinery Furniture Equipment 49.9M 46.5M 45.3M 43.8M
Non Current Deferred Liabilities 5.6M 5.2M 3.5M 3.7M
Non Current Deferred Taxes Liabilities 5.6M 5.2M 3.5M 3.7M
Other Properties 2.3M 2.5M 2.1M 2.3M
Raw Materials 27.9M 31.0M 31.0M 44.5M
Taxes Receivable 6.4M 2.2M 1.1M 0.00
Total Tax Payable -- -- 0.00 18.3M
Treasury Shares Number -- 0.00 -- --
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -1.4M 23.7M 43.2M 11.9M
Cash Flow From Continuing Operating Activities -1.4M 23.7M 43.2M 11.9M
Depreciation And Amortization 5.5M 5.0M 5.5M 5.8M
Depreciation Amortization Depletion 5.5M 5.0M 5.5M 5.8M
Deferred Tax 394,000 1.7M -253,000 155,000
Deferred Income Tax 394,000 1.7M -253,000 155,000
Change In Working Capital -5.8M 8.7M -1.1M -20.6M
Changes In Account Receivables -2.6M 6.7M 7.6M -13.2M
Change In Receivables -2.6M 6.7M 7.6M -13.2M
Change In Inventory 116,000 5.5M 20.0M -30.7M
Change In Payables And Accrued Expense 1.6M -1.9M -10.2M 9.6M
Change In Other Working Capital -4.3M -605,000 -20.0M 17.1M
Other Non Cash Items 1.9M 1.1M 2.3M 2.5M
Capital Expenditure -1.8M -5.5M -1.5M -12.1M
Purchase Of PPE -1.8M -5.5M -1.5M -12.1M
Net PPE Purchase And Sale -1.8M -5.5M -1.5M 57.1M
Investing Cash Flow -1.4M -4.8M -1.3M 57.1M
Cash Flow From Continuing Investing Activities -1.4M -4.8M -1.3M 57.1M
Repayment Of Debt -1.3M -2.7M -18.5M -29.7M
Net Issuance Payments Of Debt -1.3M -2.7M -18.5M -29.7M
Repurchase Of Capital Stock -3.4M -3.7M -534,000 -200,000
Net Common Stock Issuance -3.4M -3.7M -534,000 -200,000
Common Stock Dividend Paid -3.2M -5.0M -40.1M -4.6M
Common Stock Payments -3.4M -3.7M -534,000 -200,000
Financing Cash Flow -10.2M -13.3M -60.3M -37.0M
Cash Flow From Continuing Financing Activities -10.2M -13.3M -60.3M -37.0M
Effect Of Exchange Rate Changes 1.3M -271,000 58,000 6,000
Changes In Cash -13.0M 5.6M -18.3M 32.0M
Beginning Cash Position 20.3M 15.0M 33.3M 1.2M
End Cash Position 8.7M 20.3M 15.0M 33.3M
Free Cash Flow -3.2M 18.2M 41.8M -258,000
Asset Impairment Charge -- 0.00 1.4M 0.00
Cash Dividends Paid -3.2M -5.0M -40.1M -4.6M
Change In Prepaid Assets -539,000 -982,000 1.5M -3.4M
Depreciation 5.5M 5.0M 5.5M 5.8M
Gain Loss On Sale Of PPE -7,000 287,000 214,000 -63.9M
Interest Paid Cff -2.2M -1.8M -1.2M -2.5M
Long Term Debt Payments -1.3M -2.7M -18.5M -29.7M
Net Foreign Currency Exchange Gain Loss 504,000 -561,000 2.2M -125,000
Net Income From Continuing Operations -3.9M 7.5M 33.1M 88.0M
Net Long Term Debt Issuance -1.3M -2.7M -18.5M -29.7M
Net Other Financing Charges -14,000 -131,000 -- --
Net Other Investing Changes 422,000 763,000 131,000 --
Operating Gains Losses 497,000 -274,000 2.4M -64.0M
Sale Of PPE -- -- 0.00 69.2M
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