Titanium Transportation Group Inc.
Financial Statements (IFRS) · Amounts in CAD
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 | 460.2M | 413.7M | 496.4M | 399.4M |
| Operating Revenue | 406.4M | 357.9M | 428.8M | 366.1M |
| Cost Of Revenue | 439.6M | 380.8M | 450.9M | 378.8M |
| Gross Profit | 20.7M | 32.9M | 45.5M | 20.7M |
| Other Operating Expenses | 12.0M | 13.7M | 12.3M | 10.7M |
| Operating Expense | 12.0M | 13.7M | 12.3M | 10.7M |
| Operating Income | 8.6M | 19.1M | 33.2M | 10.0M |
| EBIT | -11.5M | 22.7M | 38.5M | 10.7M |
| Interest Expense | 12.3M | 9.1M | 4.9M | 3.0M |
| Interest Expense Non Operating | 12.3M | 9.1M | 4.9M | 3.0M |
| Interest Income | 390,000 | 518,000 | 204,000 | 233,000 |
| Interest Income Non Operating | 390,000 | 518,000 | 204,000 | 233,000 |
| Net Interest Income | -11.9M | -8.6M | -4.7M | -2.8M |
| Other Income Expense | -20.5M | 3.1M | 5.1M | 534,000 |
| Special Income Charges | -20.2M | 3.2M | 6.7M | 689,000 |
| Restructuring And Mergern Acquisition | 0.00 | 1.3M | 200,000 | 835,000 |
| Write Off | 12.1M | -- | -- | -- |
| Gain On Sale Of Security | -320,000 | -125,000 | -1.6M | -155,000 |
| Pretax Income | -23.8M | 13.6M | 33.6M | 7.7M |
| Tax Provision | -2.5M | 4.0M | 8.7M | 2.7M |
| Tax Effect Of Unusual Items | -2.1M | 905,961 | 1.3M | 184,320 |
| Net Income From Continuing And Discontinued Operation | -24.0M | 10.2M | 24.9M | 5.0M |
| Net Income From Continuing Operation Net Minority Interest | -21.4M | 9.6M | 24.9M | 5.0M |
| Net Income Including Noncontrolling Interests | -24.0M | 10.2M | 24.9M | 5.0M |
| Net Income Common Stockholders | -24.0M | 10.2M | 24.9M | 5.0M |
| Net Income | -24.0M | 10.2M | 24.9M | 5.0M |
| EBITDA | 23.2M | 55.3M | 66.0M | 32.1M |
| Normalized EBITDA | 43.7M | 52.3M | 60.9M | 31.5M |
| Reconciled Depreciation | 34.7M | 32.6M | 27.5M | 21.3M |
| Basic EPS | -0.54 | 0.23 | 0.56 | 0.13 |
| Diluted EPS | -0.54 | 0.22 | 0.55 | 0.12 |
| Basic Average Shares | 44.4M | 44.4M | 44.1M | 39.9M |
| Diluted Average Shares | 45.6M | 45.5M | 45.2M | 41.3M |
| Total Unusual Items | -20.5M | 3.1M | 5.1M | 534,000 |
| Total Unusual Items Excluding Goodwill | -20.5M | 3.1M | 5.1M | 534,000 |
| Tax Rate For Calcs | 0.10 | 0.30 | 0.26 | 0.35 |
| Normalized Income | -2.9M | 7.4M | 21.1M | 4.7M |
| Diluted NI Availto Com Stockholders | -24.0M | 10.2M | 24.9M | 5.0M |
| Gain On Sale Of Ppe | 2.9M | 4.5M | 6.9M | 1.5M |
| Impairment Of Capital Assets | 11.0M | 0.00 | -- | -- |
| Net Income Continuous Operations | -21.4M | 9.6M | 24.9M | 5.0M |
| Net Income Discontinuous Operations | -2.6M | 660,000 | -- | -- |
| Net Non Operating Interest Income Expense | -11.9M | -8.6M | -4.7M | -2.8M |
| Reconciled Cost Of Revenue | 439.6M | 380.8M | 450.9M | 378.8M |
| Total Expenses | 451.6M | 394.6M | 463.2M | 389.5M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 4.3M | 9.3M | 34.9M | 18.0M |
| Cash Cash Equivalents And Short Term Investments | 4.3M | 9.3M | 34.9M | 18.0M |
| Cash Financial | -- | 9.3M | 34.9M | 18.0M |
| Accounts Receivable | 67.8M | 61.5M | 64.4M | 66.2M |
| Receivables | 75.1M | 66.0M | 72.6M | 69.6M |
| Prepaid Assets | 3.7M | 4.1M | 3.4M | 3.7M |
| Current Assets | 85.1M | 79.5M | 110.9M | 100.5M |
| Gross PPE | 285.1M | 315.2M | 211.0M | 167.4M |
| Accumulated Depreciation | -77.0M | -65.1M | -53.7M | -47.1M |
| Net PPE | 208.1M | 250.2M | 157.3M | 120.2M |
| Goodwill | 0.00 | 8.0M | 4.3M | 3.5M |
| Goodwill And Other Intangible Assets | 0.00 | 21.1M | 9.7M | 10.2M |
| Other Intangible Assets | -- | 13.1M | 5.4M | 6.7M |
| Total Non Current Assets | 214.9M | 276.5M | 170.2M | 133.2M |
| Total Assets | 299.9M | 356.0M | 281.1M | 233.7M |
| Current Debt | 54.9M | 56.6M | 32.4M | 46.5M |
| Current Debt And Capital Lease Obligation | 60.9M | 65.5M | 37.4M | 55.2M |
| Accounts Payable | 17.4M | 11.6M | 15.2M | 20.7M |
| Payables | 39.8M | 33.2M | 42.1M | 41.2M |
| Payables And Accrued Expenses | 39.8M | 33.2M | 42.1M | 41.2M |
| Current Liabilities | 100.7M | 98.7M | 79.5M | 96.4M |
| Long Term Debt | 96.6M | 123.1M | 74.9M | 23.8M |
| Long Term Debt And Capital Lease Obligation | 111.4M | 141.7M | 93.0M | 49.7M |
| Long Term Capital Lease Obligation | 14.8M | 18.6M | 18.1M | 25.9M |
| Total Non Current Liabilities Net Minority Interest | 119.4M | 152.8M | 103.5M | 63.6M |
| Total Liabilities Net Minority Interest | 220.0M | 251.4M | 182.9M | 160.0M |
| Common Stock | 51.8M | 50.7M | 51.0M | 48.2M |
| Capital Stock | 51.8M | 50.7M | 51.0M | 48.2M |
| Additional Paid In Capital | 10.4M | 9.8M | 9.2M | 8.8M |
| Retained Earnings | 15.9M | 43.7M | 38.0M | 16.7M |
| Gains Losses Not Affecting Retained Earnings | 1.8M | 390,000 | 0.00 | -- |
| Other Equity Adjustments | 1.8M | 390,000 | -- | -- |
| Common Stock Equity | 79.9M | 104.5M | 98.2M | 73.7M |
| Stockholders Equity | 79.9M | 104.5M | 98.2M | 73.7M |
| Total Equity Gross Minority Interest | 79.9M | 104.5M | 98.2M | 73.7M |
| Total Capitalization | 176.5M | 227.7M | 173.1M | 97.5M |
| Net Tangible Assets | 79.9M | 83.5M | 88.5M | 63.5M |
| Tangible Book Value | 79.9M | 83.5M | 88.5M | 63.5M |
| Working Capital | -15.6M | -19.2M | 31.5M | 4.1M |
| Invested Capital | 231.4M | 284.3M | 205.5M | 144.0M |
| Total Debt | 172.3M | 207.2M | 130.3M | 104.8M |
| Net Debt | 147.2M | 170.4M | 72.4M | 52.2M |
| Share Issued | 45.3M | 44.8M | 45.1M | 44.0M |
| Ordinary Shares Number | 45.3M | 44.8M | 45.1M | 44.0M |
| Assets Held For Sale Current | 1.9M | 0.00 | -- | 0.00 |
| Capital Lease Obligations | 20.8M | 27.5M | 23.1M | 34.6M |
| Current Capital Lease Obligation | 5.9M | 8.9M | 5.0M | 8.6M |
| Land And Improvements | 29.9M | 32.1M | 23.6M | 16.3M |
| Leases | 20.5M | 20.5M | 19.3M | 18.3M |
| Line Of Credit | 20.2M | 20.8M | 11.1M | 21.8M |
| Machinery Furniture Equipment | 4.1M | 4.1M | 3.7M | 3.6M |
| Non Current Accounts Receivable | 3.8M | 4.7M | 2.8M | 2.3M |
| Non Current Deferred Assets | 3.0M | 564,000 | 484,000 | 392,000 |
| Non Current Deferred Liabilities | 8.0M | 11.1M | 10.5M | 13.9M |
| Non Current Deferred Taxes Assets | 3.0M | 564,000 | 484,000 | 392,000 |
| Non Current Deferred Taxes Liabilities | 8.0M | 11.1M | 10.5M | 13.9M |
| Other Current Borrowings | 34.7M | 35.8M | 21.3M | 24.7M |
| Other Payable | 22.4M | 21.1M | 21.9M | 16.5M |
| Other Properties | 230.6M | 258.5M | 164.4M | 129.2M |
| Other Receivables | 6.1M | 3.3M | 2.4M | 3.0M |
| Restricted Cash | -- | -- | 0.00 | 9.2M |
| Taxes Receivable | 1.3M | 1.3M | 5.8M | 413,000 |
| Total Tax Payable | 12,000 | 517,000 | 5.0M | 4.1M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 25.7M | 37.2M | 43.5M | 11.1M |
| Cash Flow From Continuing Operating Activities | 25.7M | 37.2M | 43.5M | 11.1M |
| Depreciation And Amortization | 34.7M | 32.6M | 27.5M | 21.3M |
| Depreciation Amortization Depletion | 34.7M | 32.6M | 27.5M | 21.3M |
| Stock Based Compensation | 1.1M | 974,000 | 733,000 | 647,000 |
| Deferred Tax | -5.4M | 4.3M | -3.9M | -1.8M |
| Deferred Income Tax | -5.4M | 4.3M | -3.9M | -1.8M |
| Change In Working Capital | 2.1M | 149,000 | 12.8M | -12.6M |
| Change In Receivables | -8.4M | 12.2M | -393,000 | -20.7M |
| Change In Payables And Accrued Expense | 10.1M | -11.4M | 12.3M | 8.1M |
| Change In Payable | 10.1M | -11.2M | 12.3M | 8.1M |
| Other Non Cash Items | 12.1M | 8.9M | 4.7M | 2.8M |
| Capital Expenditure | -12.1M | -79.0M | -70.5M | -17.7M |
| Purchase Of PPE | -12.1M | -79.0M | -70.5M | -17.7M |
| Net PPE Purchase And Sale | 8.9M | -64.5M | -48.7M | -13.5M |
| Purchase Of Business | -- | -- | -8.6M | -27.0M |
| Sale Of Investment | -- | -- | 0.00 | 2.1M |
| Net Investment Purchase And Sale | -- | -- | 0.00 | 2.1M |
| Investing Cash Flow | 11.5M | -108.3M | -46.1M | -45.7M |
| Cash Flow From Continuing Investing Activities | 11.5M | -108.3M | -46.1M | -45.7M |
| Issuance Of Debt | 12.1M | 90.7M | 76.7M | 53.4M |
| Repayment Of Debt | -52.6M | -40.3M | -54.6M | -24.8M |
| Net Issuance Payments Of Debt | -40.5M | 50.4M | 22.1M | 28.6M |
| Issuance Of Capital Stock | 836,000 | 956,000 | 970,000 | 24.3M |
| Repurchase Of Capital Stock | -368,000 | -2.6M | 0.00 | -- |
| Net Common Stock Issuance | 468,000 | -1.7M | 970,000 | 24.3M |
| Common Stock Dividend Paid | -3.6M | -3.6M | -3.6M | -3.4M |
| Common Stock Payments | -368,000 | -2.6M | 0.00 | -- |
| Financing Cash Flow | -43.6M | 45.1M | 19.5M | 49.5M |
| Cash Flow From Continuing Financing Activities | -43.6M | 45.1M | 19.5M | 49.5M |
| Effect Of Exchange Rate Changes | 1.5M | 380,000 | -- | -- |
| Changes In Cash | -6.5M | -25.9M | 16.8M | 15.0M |
| Beginning Cash Position | 9.3M | 34.9M | 18.0M | 3.1M |
| End Cash Position | 4.3M | 9.3M | 34.9M | 18.0M |
| Free Cash Flow | 13.6M | -41.8M | -27.1M | -6.7M |
| Amortization Cash Flow | 1.8M | 1.5M | 1.3M | 967,000 |
| Amortization Of Intangibles | 1.8M | 1.5M | 1.3M | 967,000 |
| Asset Impairment Charge | 23.1M | 0.00 | -- | -- |
| Cash Dividends Paid | -3.6M | -3.6M | -3.6M | -3.4M |
| Change In Account Payable | 7.2M | -10.2M | -341,000 | 5.0M |
| Change In Accrued Expense | -23,000 | -211,000 | 14,000 | -41,000 |
| Change In Income Tax Payable | 3.0M | -936,000 | 12.6M | 3.1M |
| Change In Interest Payable | -23,000 | -211,000 | 14,000 | -41,000 |
| Change In Prepaid Assets | 418,000 | -656,000 | 915,000 | 36,000 |
| Change In Tax Payable | 3.0M | -936,000 | 12.6M | 3.1M |
| Common Stock Issuance | 836,000 | 956,000 | 970,000 | 24.3M |
| Depreciation | 32.9M | 31.1M | 26.2M | 20.4M |
| Gain Loss On Investment Securities | -- | -- | -- | -111,000 |
| Gain Loss On Sale Of PPE | -2.2M | -4.5M | -6.9M | -1.5M |
| Interest Paid Cfo | -12.5M | -9.2M | -4.9M | -3.0M |
| Interest Received Cfo | 390,000 | 518,000 | 204,000 | 233,000 |
| Long Term Debt Issuance | 11.7M | 81.3M | 76.7M | 19.3M |
| Long Term Debt Payments | -52.6M | -40.3M | -44.8M | -24.8M |
| Net Business Purchase And Sale | 0.00 | -46.1M | -8.6M | -27.0M |
| Net Income From Continuing Operations | -24.0M | 10.2M | 24.9M | 5.0M |
| Net Long Term Debt Issuance | -40.9M | 40.9M | 31.9M | -5.5M |
| Net Other Investing Changes | 2.6M | 2.3M | 11.2M | -7.2M |
| Net Short Term Debt Issuance | 409,000 | 9.5M | -9.8M | 34.1M |
| Operating Gains Losses | -2.2M | -4.5M | -6.9M | -1.6M |
| Sale Of PPE | 21.0M | 14.5M | 21.8M | 4.2M |
| Short Term Debt Issuance | 409,000 | 9.5M | 0.00 | 34.1M |
| Short Term Debt Payments | -- | 0.00 | -9.8M | 0.00 |
| Taxes Refund Paid | -3.6M | -6.7M | -11.7M | 22,000 |