Titanium Transportation 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 |
|---|---|---|---|---|---|
| Total Revenue | 115.7M | 119.1M | 121.4M | 113.8M | 118.4M |
| Operating Revenue | 102.3M | 106.7M | 107.9M | 101.1M | 105.0M |
| Cost Of Revenue | 109.4M | 111.6M | 116.3M | 107.0M | 113.8M |
| Gross Profit | 6.3M | 7.5M | 5.1M | 6.8M | 4.6M |
| Other Operating Expenses | 4.0M | 3.9M | 3.7M | 1.8M | 2.9M |
| Operating Expense | 4.0M | 3.9M | 3.7M | 1.8M | 2.9M |
| Operating Income | 2.2M | 3.6M | 1.5M | 5.0M | 1.7M |
| EBIT | 2.9M | 4.4M | -1.8M | -17.0M | 2.2M |
| Interest Expense | 2.5M | 2.6M | 2.7M | 2.5M | 2.9M |
| Interest Expense Non Operating | 2.5M | 2.6M | 2.7M | 2.5M | 2.9M |
| Interest Income | 81,000 | 84,000 | 99,000 | 126,000 | 65,000 |
| Interest Income Non Operating | 81,000 | 84,000 | 99,000 | 126,000 | 65,000 |
| Net Interest Income | -2.4M | -2.5M | -2.6M | -2.4M | -2.8M |
| Other Income Expense | 606,000 | 643,000 | -3.4M | -22.1M | 412,000 |
| Special Income Charges | 724,000 | 10,000 | -3.6M | -22.8M | -324,000 |
| Restructuring And Mergern Acquisition | -- | -- | -- | 0.00 | 0.00 |
| Gain On Sale Of Security | -118,000 | 633,000 | 199,000 | 723,000 | 736,000 |
| Pretax Income | 455,000 | 1.8M | -4.5M | -19.5M | -693,000 |
| Tax Provision | -105,000 | 763,000 | -1.1M | -239,000 | -286,000 |
| Tax Effect Of Unusual Items | 90,900 | 96,450 | -838,177 | -270,425 | 61,800 |
| Net Income From Continuing And Discontinued Operation | 560,000 | 1.0M | -3.4M | -20.9M | -1.5M |
| Net Income From Continuing Operation Net Minority Interest | 560,000 | 1.0M | -3.4M | -19.3M | -407,000 |
| Net Income Including Noncontrolling Interests | 560,000 | 1.0M | -3.4M | -20.9M | -1.5M |
| Net Income Common Stockholders | 560,000 | 1.0M | -3.4M | -20.9M | -1.5M |
| Net Income | 560,000 | 1.0M | -3.4M | -20.9M | -1.5M |
| EBITDA | 9.6M | 10.7M | 5.5M | -8.8M | 10.8M |
| Normalized EBITDA | 9.0M | 10.0M | 8.9M | 13.3M | 10.4M |
| Reconciled Depreciation | 6.7M | 6.3M | 7.3M | 8.2M | 8.6M |
| Basic EPS | 0.01 | 0.02 | -0.08 | -- | -0.03 |
| Diluted EPS | 0.01 | 0.02 | -0.08 | -- | -0.03 |
| Basic Average Shares | 45.5M | 45.1M | 44.6M | -- | 44.4M |
| Diluted Average Shares | 46.5M | 46.0M | 45.5M | -- | 45.5M |
| Total Unusual Items | 606,000 | 643,000 | -3.4M | -22.1M | 412,000 |
| Total Unusual Items Excluding Goodwill | 606,000 | 643,000 | -3.4M | -22.1M | 412,000 |
| Tax Rate For Calcs | 0.15 | 0.15 | 0.25 | 0.01 | 0.15 |
| Normalized Income | 44,900 | 472,450 | -843,177 | 2.5M | -757,200 |
| Diluted NI Availto Com Stockholders | 560,000 | 1.0M | -3.4M | -20.9M | -1.5M |
| Gain On Sale Of Ppe | 724,000 | 10,000 | -3.6M | 304,000 | -324,000 |
| Net Income Continuous Operations | 560,000 | 1.0M | -3.4M | -19.3M | -407,000 |
| Net Income Discontinuous Operations | 0.00 | 0.00 | 0.00 | -1.6M | -1.1M |
| Net Non Operating Interest Income Expense | -2.4M | -2.5M | -2.6M | -2.4M | -2.8M |
| Reconciled Cost Of Revenue | 109.4M | 111.6M | 116.3M | 107.0M | 113.8M |
| Total Expenses | 113.5M | 115.5M | 119.9M | 108.9M | 116.7M |
| 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 | 20.7M | 16.4M | 18.3M | 4.3M | 4.6M |
| Cash Cash Equivalents And Short Term Investments | 20.7M | 16.4M | 18.3M | 4.3M | 4.6M |
| Cash Financial | 20.7M | 16.4M | 18.3M | -- | 4.6M |
| Accounts Receivable | 70.9M | 70.4M | 77.4M | 67.8M | 72.3M |
| Receivables | 74.0M | 74.4M | 81.3M | 75.1M | 75.5M |
| Prepaid Assets | 3.9M | 4.8M | 4.7M | 3.7M | 3.8M |
| Current Assets | 98.6M | 97.5M | 106.3M | 85.1M | 83.8M |
| Gross PPE | 274.0M | 272.4M | 277.3M | 285.1M | 294.3M |
| Accumulated Depreciation | -92.2M | -86.0M | -81.7M | -77.0M | -73.4M |
| Net PPE | 181.8M | 186.4M | 195.6M | 208.1M | 220.9M |
| Goodwill | -- | -- | -- | 0.00 | 8.0M |
| Goodwill And Other Intangible Assets | -- | -- | -- | 0.00 | 19.9M |
| Other Intangible Assets | -- | -- | -- | -- | 11.9M |
| Total Non Current Assets | 187.6M | 192.3M | 202.3M | 214.9M | 246.5M |
| Total Assets | 286.2M | 289.9M | 308.5M | 299.9M | 330.3M |
| Current Debt | 58.3M | 58.3M | 61.0M | 54.9M | 43.7M |
| Current Debt And Capital Lease Obligation | 65.8M | 64.5M | 67.1M | 60.9M | 50.8M |
| Accounts Payable | 50.1M | 48.6M | 54.9M | 17.4M | 49.7M |
| Payables | 50.1M | 48.6M | 54.9M | 39.8M | 49.7M |
| Payables And Accrued Expenses | 50.1M | 48.6M | 54.9M | 39.8M | 49.7M |
| Current Liabilities | 115.9M | 113.1M | 122.0M | 100.7M | 100.5M |
| Long Term Debt | 71.5M | 78.4M | 88.4M | 96.6M | 104.1M |
| Long Term Debt And Capital Lease Obligation | 82.5M | 90.3M | 102.4M | 111.4M | 118.8M |
| Long Term Capital Lease Obligation | 10.9M | 11.9M | 14.1M | 14.8M | 14.7M |
| Total Non Current Liabilities Net Minority Interest | 90.3M | 97.8M | 109.5M | 119.4M | 129.1M |
| Total Liabilities Net Minority Interest | 206.2M | 211.0M | 231.5M | 220.0M | 229.6M |
| Common Stock | 54.0M | 53.6M | 52.1M | 51.8M | 51.4M |
| Capital Stock | 54.0M | 53.6M | 52.1M | 51.8M | 51.4M |
| Additional Paid In Capital | 10.4M | 10.3M | 10.6M | 10.4M | 10.3M |
| Retained Earnings | 14.1M | 13.5M | 12.5M | 15.9M | 37.7M |
| Gains Losses Not Affecting Retained Earnings | 1.5M | 1.4M | 1.8M | 1.8M | 1.3M |
| Other Equity Adjustments | 1.5M | 1.4M | 1.8M | 1.8M | 1.3M |
| Common Stock Equity | 80.0M | 78.9M | 77.0M | 79.9M | 100.7M |
| Stockholders Equity | 80.0M | 78.9M | 77.0M | 79.9M | 100.7M |
| Total Equity Gross Minority Interest | 80.0M | 78.9M | 77.0M | 79.9M | 100.7M |
| Total Capitalization | 151.5M | 157.3M | 165.3M | 176.5M | 204.8M |
| Net Tangible Assets | 80.0M | 78.9M | 77.0M | 79.9M | 80.8M |
| Tangible Book Value | 80.0M | 78.9M | 77.0M | 79.9M | 80.8M |
| Working Capital | -17.3M | -15.6M | -15.8M | -15.6M | -16.7M |
| Invested Capital | 209.8M | 215.5M | 226.3M | 231.4M | 248.5M |
| Total Debt | 148.3M | 154.8M | 169.5M | 172.3M | 169.6M |
| Net Debt | 109.1M | 120.3M | 131.0M | 147.2M | 143.2M |
| Share Issued | 46.4M | 46.2M | 45.5M | 45.3M | 45.1M |
| Ordinary Shares Number | 46.4M | 46.2M | 45.5M | 45.3M | 45.1M |
| Assets Held For Sale Current | 0.00 | 1.9M | 1.9M | 1.9M | -- |
| Capital Lease Obligations | 18.5M | 18.2M | 20.2M | 20.8M | 21.8M |
| Current Capital Lease Obligation | 7.5M | 6.3M | 6.1M | 5.9M | 7.1M |
| Land And Improvements | 29.6M | 29.4M | 29.9M | 29.9M | 31.3M |
| Leases | 22.1M | 20.7M | 20.8M | 20.5M | 20.5M |
| Line Of Credit | 26.4M | 25.9M | 27.3M | 20.2M | 9.4M |
| Machinery Furniture Equipment | 4.1M | 4.1M | 4.1M | 4.1M | 4.1M |
| Non Current Accounts Receivable | 2.5M | 3.0M | 3.5M | 3.8M | 4.1M |
| Non Current Deferred Assets | 3.4M | 3.0M | 3.2M | 3.0M | 1.6M |
| Non Current Deferred Liabilities | 7.9M | 7.6M | 7.1M | 8.0M | 10.3M |
| Non Current Deferred Taxes Assets | 3.4M | 3.0M | 3.2M | 3.0M | 1.6M |
| Non Current Deferred Taxes Liabilities | 7.9M | 7.6M | 7.1M | 8.0M | 10.3M |
| Other Current Borrowings | 31.8M | 32.3M | 33.7M | 34.7M | 34.2M |
| Other Payable | -- | -- | -- | 22.4M | -- |
| Other Properties | 218.2M | 218.2M | 222.6M | 230.6M | 238.4M |
| Other Receivables | 2.6M | 2.8M | 2.6M | 6.1M | 2.0M |
| Taxes Receivable | 376,000 | 1.3M | 1.3M | 1.3M | 1.1M |
| Total Tax Payable | 0.00 | 0.00 | 0.00 | 12,000 | 0.00 |
| 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 | 9.5M | 8.6M | 14.9M | -2.7M | 7.0M |
| Cash Flow From Continuing Operating Activities | 9.5M | 8.6M | 14.9M | -2.7M | 7.0M |
| Depreciation And Amortization | 6.7M | 6.3M | 7.3M | 8.2M | 8.6M |
| Depreciation Amortization Depletion | 6.7M | 6.3M | 7.3M | 8.2M | 8.6M |
| Stock Based Compensation | 314,000 | 310,000 | 309,000 | 260,000 | 271,000 |
| Deferred Tax | -105,000 | 711,000 | -1.1M | -3.6M | -369,000 |
| Deferred Income Tax | -105,000 | 711,000 | -1.1M | -3.6M | -369,000 |
| Change In Working Capital | 1.8M | 406,000 | 9.4M | -8.6M | -1.4M |
| Other Non Cash Items | 2.4M | 2.5M | 2.6M | 2.6M | 2.8M |
| Capital Expenditure | -1.5M | -94,000 | -952,000 | -624,000 | -171,000 |
| Purchase Of PPE | -1.5M | -94,000 | -952,000 | -624,000 | -171,000 |
| Net PPE Purchase And Sale | 1.3M | 168,000 | 753,000 | 2.2M | 4.0M |
| Purchase Of Business | -- | -- | -- | -- | 0.00 |
| Purchase Of Investment | -- | -- | -- | -- | 0.00 |
| Sale Of Investment | -- | -- | -- | -- | 0.00 |
| Net Investment Purchase And Sale | -- | -- | -- | -- | 0.00 |
| Investing Cash Flow | 2.0M | 880,000 | 1.5M | 2.9M | 4.7M |
| Cash Flow From Continuing Investing Activities | 2.0M | 880,000 | 1.5M | 2.9M | 4.7M |
| Issuance Of Debt | 2.3M | 0.00 | 8.0M | 818,000 | 0.00 |
| Repayment Of Debt | -9.6M | -12.4M | -10.7M | -2.0M | -13.0M |
| Net Issuance Payments Of Debt | -7.3M | -12.4M | -2.7M | -1.2M | -13.0M |
| Issuance Of Capital Stock | 180,000 | 948,000 | 187,000 | 204,000 | 203,000 |
| Repurchase Of Capital Stock | 0.00 | 0.00 | 0.00 | 1,000 | 0.00 |
| Net Common Stock Issuance | 180,000 | 948,000 | 187,000 | 205,000 | 203,000 |
| Common Stock Dividend Paid | -- | 0.00 | 0.00 | -- | -- |
| Common Stock Payments | 0.00 | 0.00 | 0.00 | 1,000 | 0.00 |
| Financing Cash Flow | -7.2M | -11.4M | -2.5M | -1.9M | -13.7M |
| Cash Flow From Continuing Financing Activities | -7.2M | -11.4M | -2.5M | -1.9M | -13.7M |
| Changes In Cash | 4.4M | -1.9M | 14.0M | -1.7M | -2.0M |
| Beginning Cash Position | 16.4M | 18.3M | 4.3M | 4.6M | 6.5M |
| End Cash Position | 20.7M | 16.4M | 18.3M | 4.3M | 4.6M |
| Free Cash Flow | 8.0M | 8.6M | 14.0M | -3.4M | 6.8M |
| Amortization Cash Flow | 0.00 | 0.00 | 0.00 | 406,000 | 459,000 |
| Amortization Of Intangibles | 0.00 | 0.00 | 0.00 | 406,000 | 459,000 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | -903,000 | -900,000 |
| Common Stock Issuance | 180,000 | 948,000 | 187,000 | 204,000 | 203,000 |
| Depreciation | 6.7M | 6.3M | 7.3M | 7.8M | 8.1M |
| Gain Loss On Sale Of PPE | -724,000 | -10,000 | 3.6M | 647,000 | 1.4M |
| Interest Paid Cfo | -2.4M | -2.6M | -2.7M | -2.9M | -2.7M |
| Interest Received Cfo | 81,000 | 84,000 | 99,000 | 126,000 | 65,000 |
| Long Term Debt Issuance | 1.5M | 0.00 | 952,000 | 409,000 | 0.00 |
| Long Term Debt Payments | -9.6M | -10.1M | -10.7M | -13.1M | -12.7M |
| Net Business Purchase And Sale | -- | -- | -- | 0.00 | 0.00 |
| Net Income From Continuing Operations | 560,000 | 1.0M | -3.4M | -20.9M | -1.5M |
| Net Long Term Debt Issuance | -8.1M | -10.1M | -9.8M | -12.6M | -12.7M |
| Net Other Investing Changes | 676,000 | 712,000 | 767,000 | 752,000 | 716,000 |
| Net Short Term Debt Issuance | 763,000 | -2.2M | 7.1M | 11.5M | -261,000 |
| Operating Gains Losses | -724,000 | -10,000 | 3.6M | 647,000 | 1.4M |
| Sale Of PPE | 2.8M | 262,000 | 1.7M | 2.8M | 4.1M |
| Short Term Debt Issuance | 763,000 | -- | 7.1M | 409,000 | 0.00 |
| Short Term Debt Payments | 0.00 | -2.2M | -- | -- | -261,000 |
| Taxes Refund Paid | 924,000 | -67,000 | -1.1M | -1.8M | -139,000 |