Turnium Technology Group Inc.
Financial Statements (IFRS) · Amounts in CAD
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 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 215,756 | 2.3M | 2.2M | 2.0M | 1.5M | -- |
| Operating Revenue | 215,756 | 2.3M | 2.2M | 2.0M | 1.5M | -- |
| Cost Of Revenue | 70,418 | 760,835 | 909,865 | 629,481 | 620,138 | -- |
| Gross Profit | 145,338 | 1.6M | 1.3M | 1.3M | 925,672 | -- |
| Selling General And Administration | 136,782 | 2.3M | 844,402 | 2.4M | 1.6M | -- |
| General And Administrative Expense | 7,239 | 1.7M | 474,546 | 2.2M | 1.5M | -- |
| Research And Development | 952,741 | 303,365 | 348,906 | 249,623 | 267,107 | -- |
| Depreciation And Amortization In Income Statement | 144,252 | 165,149 | 172,228 | 173,553 | 105,467 | -- |
| Other Operating Expenses | -- | -- | -- | -- | 0.00 | -- |
| Operating Expense | 594,513 | 2.7M | 1.4M | 2.8M | 2.0M | -- |
| Operating Income | -449,175 | -1.2M | -85,737 | -1.5M | -1.1M | -- |
| EBIT | -6.2M | -1.0M | -62,031 | -1.5M | -1.1M | -- |
| Interest Expense | 466,749 | 425,037 | 382,511 | 389,907 | 526,600 | -- |
| Interest Expense Non Operating | 466,749 | 425,037 | 382,511 | 389,907 | 526,600 | -- |
| Net Interest Income | -466,749 | -425,037 | -382,511 | -389,907 | -526,600 | -- |
| Other Income Expense | -5.7M | 127,345 | 23,706 | -10,107 | 20,461 | -- |
| Special Income Charges | -5.2M | 0.00 | 0.00 | 0.00 | 1.00 | -- |
| Gain On Sale Of Security | -71,656 | 127,345 | 23,706 | -10,107 | 20,460 | -- |
| Pretax Income | -6.6M | -1.5M | -444,542 | -1.9M | -1.6M | -- |
| Tax Provision | 10,017 | 0.00 | 0.00 | -10,017 | -- | 0.00 |
| Tax Effect Of Unusual Items | -789,999 | 0.00 | 0.00 | -53.86 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -7.5M | -1.5M | -444,542 | -1.9M | -1.6M | -- |
| Net Income From Continuing Operation Net Minority Interest | -6.6M | -1.5M | -444,542 | -1.9M | -1.6M | -- |
| Net Income Including Noncontrolling Interests | -7.5M | -1.5M | -444,542 | -1.9M | -1.6M | -- |
| Net Income Common Stockholders | -7.5M | -1.5M | -444,542 | -1.9M | -1.6M | -- |
| Net Income | -7.5M | -1.5M | -444,542 | -1.9M | -1.6M | -- |
| EBITDA | -6.0M | -879,396 | 110,197 | -1.3M | -948,767 | -- |
| Normalized EBITDA | -714,361 | -1.0M | 86,491 | -1.3M | -969,228 | -- |
| Reconciled Depreciation | 185,656 | 165,610 | 170,995 | 173,553 | 105,465 | -- |
| Basic EPS | -- | -0.01 | 0.00 | -0.01 | -- | 0.00 |
| Diluted EPS | -- | -0.01 | 0.00 | -0.01 | -- | 0.00 |
| Basic Average Shares | -- | 165.1M | 165.0M | 165.0M | -- | 108.0M |
| Diluted Average Shares | -- | 165.1M | 165.0M | 165.0M | -- | 108.0M |
| Total Unusual Items | -5.3M | 127,345 | 23,706 | -10,107 | 20,461 | -- |
| Total Unusual Items Excluding Goodwill | -5.3M | 127,345 | 23,706 | -10,107 | 20,461 | -- |
| Tax Rate For Calcs | 0.15 | 0.00 | 0.00 | 0.01 | 0.00 | -- |
| Normalized Income | -2.2M | -1.6M | -468,248 | -1.9M | -1.6M | -- |
| Amortization | 104,242 | 125,752 | 131,744 | 135,195 | 67,109 | -- |
| Amortization Of Intangibles Income Statement | 104,242 | 125,752 | 131,744 | 135,195 | 67,109 | -- |
| Depreciation Amortization Depletion Income Statement | 144,252 | 165,149 | 172,228 | 173,553 | 105,467 | -- |
| Depreciation Income Statement | 40,010 | 39,397 | 40,484 | 38,358 | 38,358 | -- |
| Diluted NI Availto Com Stockholders | -7.5M | -1.5M | -444,542 | -1.9M | -1.6M | -- |
| Net Income Continuous Operations | -6.6M | -1.5M | -444,542 | -1.9M | -1.6M | -- |
| Net Non Operating Interest Income Expense | -466,749 | -425,037 | -382,511 | -389,907 | -526,600 | -- |
| Other Gand A | 435,438 | 1.7M | 465,371 | 1.2M | 960,770 | -- |
| Other Special Charges | -- | -- | -- | -- | -1.00 | -155,376 |
| Reconciled Cost Of Revenue | 29,014 | 760,374 | 911,098 | 629,481 | 620,140 | -- |
| Salaries And Wages | -428,199 | 3,681 | 9,175 | 991,083 | 581,520 | -- |
| Selling And Marketing Expense | 129,543 | 623,188 | 369,856 | 169,286 | 85,503 | -- |
| Total Expenses | 664,931 | 3.5M | 2.3M | 3.5M | 2.6M | -- |
| Line Item | 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 | 369,551 | 1.7M | 463,693 | 148,861 | 145,149 | -- |
| Cash Cash Equivalents And Short Term Investments | 369,551 | 1.7M | 463,693 | 148,861 | 145,149 | -- |
| Cash Financial | -- | 1.7M | 463,693 | 148,861 | -- | 187,426 |
| Accounts Receivable | 336,075 | 631,003 | 450,733 | 478,145 | 449,099 | -- |
| Receivables | 1.2M | 654,057 | 458,861 | 485,663 | 476,540 | -- |
| Inventory | 18,955 | 22,199 | 20,953 | 5,754 | 21,993 | -- |
| Prepaid Assets | 152,644 | 304,749 | 87,824 | 56,118 | 16,435 | -- |
| Current Assets | 2.9M | 2.6M | 1.0M | 696,396 | 660,117 | -- |
| Gross PPE | 926,708 | 924,355 | 924,564 | 923,065 | 919,974 | -- |
| Accumulated Depreciation | -645,571 | -595,534 | -549,681 | -498,587 | -447,534 | -- |
| Net PPE | 281,137 | 328,821 | 374,883 | 424,478 | 472,440 | -- |
| Goodwill | 0.00 | 6.3M | 6.3M | 6.3M | 6.3M | -- |
| Goodwill And Other Intangible Assets | 3.4M | 9.7M | 9.9M | 10.0M | 10.2M | -- |
| Other Intangible Assets | 3.4M | 3.4M | 3.5M | 3.6M | 3.9M | -- |
| Total Non Current Assets | 3.7M | 10.1M | 10.3M | 10.4M | 10.7M | -- |
| Total Assets | 6.6M | 12.7M | 11.3M | 11.1M | 11.4M | -- |
| Current Debt | 5.5M | 4.9M | 2.9M | 3.7M | 3.0M | -- |
| Current Debt And Capital Lease Obligation | 5.6M | 5.1M | 3.2M | 3.8M | 3.1M | -- |
| Accounts Payable | 4.6M | 4.2M | 4.5M | 5.2M | 4.9M | -- |
| Payables | 5.4M | 5.0M | 5.4M | 5.9M | 5.7M | -- |
| Payables And Accrued Expenses | 5.4M | 5.0M | 5.4M | 5.9M | 5.7M | -- |
| Current Deferred Revenue | 109,898 | 292,272 | 77,998 | 66,930 | 61,800 | -- |
| Other Current Liabilities | 378,616 | -- | -- | -- | 41,997 | 156,302 |
| Current Liabilities | 11.5M | 10.4M | 8.6M | 9.9M | 8.9M | -- |
| Long Term Debt | 2.6M | 3.1M | 4.2M | 2.6M | 2.3M | -- |
| Long Term Debt And Capital Lease Obligation | 2.7M | 3.2M | 4.3M | 2.8M | 2.6M | -- |
| Long Term Capital Lease Obligation | 102,482 | 105,349 | 139,809 | 239,586 | 279,214 | -- |
| Total Non Current Liabilities Net Minority Interest | 5.2M | 4.9M | 5.0M | 3.2M | 2.6M | -- |
| Total Liabilities Net Minority Interest | 16.7M | 15.3M | 13.7M | 13.0M | 11.6M | -- |
| Common Stock | 19.2M | 19.2M | 18.3M | 18.3M | 18.3M | -- |
| Capital Stock | 19.2M | 19.2M | 18.3M | 18.3M | 18.3M | -- |
| Retained Earnings | -37.7M | -30.2M | -28.7M | -28.3M | -26.4M | -- |
| Gains Losses Not Affecting Retained Earnings | 599,155 | 646,220 | 654,464 | 703,807 | 545,677 | -- |
| Other Equity Adjustments | 599,155 | 646,220 | 654,464 | 703,807 | 545,677 | -- |
| Common Stock Equity | -10.1M | -2.6M | -2.4M | -1.9M | -201,817 | -- |
| Stockholders Equity | -10.1M | -2.6M | -2.4M | -1.9M | -201,817 | -- |
| Total Equity Gross Minority Interest | -10.1M | -2.6M | -2.4M | -1.9M | -201,817 | -- |
| Total Capitalization | -7.4M | 456,351 | 1.8M | 671,870 | 2.1M | -- |
| Net Tangible Assets | -13.5M | -12.3M | -12.2M | -11.8M | -10.4M | -- |
| Tangible Book Value | -13.5M | -12.3M | -12.2M | -11.8M | -10.4M | -- |
| Working Capital | -8.6M | -7.7M | -7.6M | -9.2M | -8.3M | -- |
| Invested Capital | -2.0M | 5.4M | 4.7M | 4.3M | 5.1M | -- |
| Total Debt | 8.3M | 8.3M | 7.5M | 6.6M | 5.8M | -- |
| Net Debt | 7.7M | 6.3M | 6.7M | 6.1M | 5.2M | -- |
| Share Issued | 184.8M | 182.8M | 165.0M | 165.0M | 165.0M | -- |
| Ordinary Shares Number | 184.8M | 182.8M | 165.0M | 165.0M | 165.0M | -- |
| Assets Held For Sale Current | 1.1M | -- | -- | -- | 0.00 | -- |
| Capital Lease Obligations | 278,649 | 320,683 | 362,603 | 405,933 | 445,566 | -- |
| Current Capital Lease Obligation | 176,167 | 215,334 | 222,794 | 166,347 | 166,352 | -- |
| Current Deferred Liabilities | 109,898 | 292,272 | 77,998 | 66,930 | 61,800 | -- |
| Current Notes Payable | -- | -- | -- | -- | -- | 700,000 |
| Derivative Product Liabilities | 2.2M | 1.7M | 568,540 | 352,384 | 0.00 | -- |
| Dueto Related Parties Current | 792,702 | 787,505 | 893,248 | 738,736 | 843,826 | -- |
| Machinery Furniture Equipment | 189,600 | 189,051 | 189,233 | 187,790 | 184,283 | -- |
| Non Current Deferred Liabilities | 64,420 | 126,004 | 126,395 | -- | 0.00 | 84,780 |
| Non Current Deferred Revenue | 64,420 | 126,004 | 126,395 | -- | 0.00 | -- |
| Non Current Deferred Taxes Liabilities | -- | -- | -- | -- | 0.00 | 84,780 |
| Non Current Prepaid Assets | 12,884 | 30,648 | 31,847 | 34,356 | 22,086 | -- |
| Other Current Borrowings | 5.5M | 4.9M | 2.9M | 3.7M | 3.0M | -- |
| Other Equity Interest | 7.9M | 7.8M | 7.4M | 7.4M | 7.4M | -- |
| Other Properties | 737,108 | 735,304 | 735,331 | 735,275 | 735,691 | -- |
| Other Receivables | 823,656 | -- | -- | -- | -- | -- |
| Taxes Receivable | 21,930 | 23,054 | 8,128 | 7,518 | 27,441 | -- |
| Tradeand Other Payables Non Current | 166,196 | -- | -- | -- | 0.00 | -- |
| Line Item | 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 | -730,921 | -1.7M | -626,130 | -845,791 | -694,118 | -- |
| Cash Flow From Continuing Operating Activities | -730,921 | -1.7M | -626,130 | -845,791 | -694,118 | -- |
| Depreciation And Amortization | 185,656 | 165,610 | 170,995 | 173,553 | 105,465 | -- |
| Depreciation Amortization Depletion | 185,656 | 165,610 | 170,995 | 173,553 | 105,465 | -- |
| Stock Based Compensation | 30,485 | 3,680 | 9,176 | 23,664 | 11,910 | -- |
| Change In Working Capital | -460,218 | -591,513 | -569,088 | 287,138 | 928,200 | -- |
| Change In Receivables | -1.3M | -195,196 | 26,802 | -9,123 | 28,279 | -- |
| Change In Inventory | 3,244 | -1,246 | -15,199 | 16,239 | -14,011 | -- |
| Change In Payables And Accrued Expense | 844,131 | -393,228 | -688,957 | 326,845 | 967,134 | -- |
| Change In Other Working Capital | -198,063 | 213,883 | 137,463 | 5,130 | -125,685 | -- |
| Other Non Cash Items | 416,332 | 326,804 | 236,985 | 347,342 | 306,274 | -- |
| Capital Expenditure | -219,020 | -- | -1,162 | -53,735 | -- | -- |
| Purchase Of PPE | 0.00 | 0.00 | -1,162 | -5,435 | -3,601 | -- |
| Net PPE Purchase And Sale | 0.00 | 0.00 | -1,162 | -5,435 | -3,601 | -- |
| Investing Cash Flow | -219,020 | 0.00 | -1,162 | -53,735 | 87,944 | -- |
| Cash Flow From Continuing Investing Activities | -219,020 | 0.00 | -1,162 | -53,735 | 87,944 | -- |
| Issuance Of Debt | 500,213 | 2.2M | 1.0M | 1.8M | 0.00 | -- |
| Repayment Of Debt | -707,489 | -464,931 | -244,999 | -768,808 | -14,602 | -- |
| Net Issuance Payments Of Debt | -207,276 | 1.7M | 787,613 | 1.1M | -14,602 | -- |
| Issuance Of Capital Stock | 0.00 | 1.2M | -- | -- | -- | 0.00 |
| Net Common Stock Issuance | 0.00 | 1.2M | -- | -- | -- | 0.00 |
| Financing Cash Flow | -266,360 | 2.9M | 942,125 | 903,238 | 563,897 | -- |
| Cash Flow From Continuing Financing Activities | -266,360 | 2.9M | 942,125 | 903,238 | 563,897 | -- |
| Changes In Cash | -1.2M | 1.2M | 314,832 | 3,712 | -42,277 | -- |
| Beginning Cash Position | 1.7M | 463,693 | 148,861 | 145,149 | 187,426 | -- |
| End Cash Position | 369,551 | 1.7M | 463,693 | 148,861 | 145,149 | -- |
| Free Cash Flow | -949,941 | -1.7M | -627,292 | -899,526 | -697,719 | -- |
| Interest Paid Supplemental Data | -- | -- | 507,127 | 252,561 | 156,418 | -- |
| Change In Prepaid Assets | 169,869 | -215,726 | -29,197 | -51,953 | 72,483 | -- |
| Common Stock Issuance | 0.00 | 1.2M | -- | -- | -- | 0.00 |
| Depreciation | 185,656 | 165,610 | 170,995 | 173,553 | 105,465 | -- |
| Gain Loss On Investment Securities | -- | -110,914 | 27,744 | 11,509 | 0.00 | -8.00 |
| Long Term Debt Issuance | -2.9M | 2.2M | 1.0M | 1.8M | 300,000 | -- |
| Long Term Debt Payments | -707,489 | -464,931 | -244,999 | -768,808 | -14,602 | -- |
| Net Foreign Currency Exchange Gain Loss | -67,632 | -3,996 | -57,400 | 180,845 | -- | 0.00 |
| Net Income From Continuing Operations | -7.5M | -1.5M | -444,542 | -1.9M | -1.6M | -- |
| Net Intangibles Purchase And Sale | -219,020 | 0.00 | 0.00 | -48,300 | -- | 0.00 |
| Net Long Term Debt Issuance | -3.6M | 1.7M | 787,613 | 1.1M | 285,398 | -- |
| Net Other Financing Charges | -59,084 | -105,743 | 154,512 | -147,087 | -311,252 | -- |
| Net Short Term Debt Issuance | 3.4M | 0.00 | -- | -- | -300,000 | 300,000 |
| Operating Gains Losses | 4,029 | -114,910 | -29,656 | 192,354 | -470,352 | -- |
| Proceeds From Stock Option Exercised | 0.00 | 0.00 | -- | -- | 110,000 | 38,000 |
| Purchase Of Intangibles | -219,020 | 0.00 | 0.00 | -48,300 | -- | 0.00 |
| Short Term Debt Issuance | 3.4M | 0.00 | -- | -- | -300,000 | 300,000 |