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TerraVest Industries Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 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 408.4M 419.4M 405.7M 311.4M 234.6M -- --
Operating Revenue 408.4M 419.4M 405.7M 311.4M 234.6M -- --
Cost Of Revenue 305.7M 305.0M 300.2M 220.7M 164.0M -- --
Gross Profit 102.7M 114.4M 105.5M 90.8M 70.6M -- --
Selling General And Administration 53.0M 28.3M 55.5M 40.4M 32.2M -- --
General And Administrative Expense 40.8M 44.3M 43.8M 30.6M 23.2M -- --
Depreciation And Amortization In Income Statement 18.9M 53.9M 21.3M 6.0M 4.0M -- --
Operating Expense 71.9M 82.2M 76.8M 46.4M 36.2M -- --
Operating Income 30.8M 32.2M 28.7M 44.4M 34.4M -- --
EBIT 65.2M 43.5M 32.8M 50.9M 42.9M -- --
Interest Expense 15.1M 16.2M 18.4M 9.2M 4.4M -- --
Interest Expense Non Operating 15.1M 16.2M 18.4M 9.2M 4.4M -- --
Net Interest Income -15.6M -16.7M -18.8M -9.8M -4.6M -- --
Other Income Expense 34.9M 11.7M 4.5M 7.1M 8.7M -- --
Special Income Charges 48.3M 13.4M 16,000 4.1M 561,000 -- --
Restructuring And Mergern Acquisition -48.3M -4.3M 0.00 -4.0M 0.00 -- --
Gain On Sale Of Security -13.2M -191,000 4.4M 2.7M 8.3M -- --
Earnings From Equity Interest -181,000 -1.5M 98,000 299,000 -211,000 -- --
Pretax Income 50.1M 27.3M 14.4M 41.7M 38.5M -- --
Tax Provision 14.8M 6.0M 1.1M 8.3M 8.1M -- --
Tax Effect Of Unusual Items 10.4M 2.9M 340,809 1.4M 1.9M -- --
Net Income From Continuing And Discontinued Operation 33.2M 18.5M 11.2M 28.2M 28.7M -- --
Net Income From Continuing Operation Net Minority Interest 33.2M 18.5M 11.2M 28.2M 28.7M -- --
Net Income Including Noncontrolling Interests 35.2M 21.3M 13.3M 33.3M 30.4M -- --
Minority Interests -2.0M -2.8M -2.1M -5.2M -1.7M -- --
Net Income Common Stockholders 33.2M 18.5M 11.2M 28.2M 28.7M -- --
Net Income 33.2M 18.5M 11.2M 28.2M 28.7M -- --
EBITDA 102.1M 97.4M 71.2M 70.0M 57.4M -- --
Normalized EBITDA 67.1M 84.2M 66.8M 63.2M 48.5M -- --
Reconciled Depreciation 36.9M 49.5M 38.4M 19.1M 14.5M -- --
Basic EPS 1.53 -- 0.55 1.45 1.47 -- 0.63
Diluted EPS 1.50 -- 0.53 1.39 1.42 -- 0.61
Basic Average Shares 21.7M -- 20.4M 19.5M 19.5M -- 18.8M
Diluted Average Shares 22.2M -- 21.1M 20.3M 20.3M -- 19.5M
Total Unusual Items 35.1M 13.2M 4.4M 6.8M 8.9M -- --
Total Unusual Items Excluding Goodwill 35.1M 13.2M 4.4M 6.8M 8.9M -- --
Tax Rate For Calcs 0.30 0.22 0.08 0.20 0.21 -- --
Normalized Income 8.5M 8.2M 7.1M 22.8M 21.7M -- --
Amortization 18.9M 47.6M 21.3M 6.0M 4.0M -- --
Amortization Of Intangibles Income Statement 18.9M 47.6M 21.3M 6.0M 4.0M -- --
Depreciation Amortization Depletion Income Statement 18.9M 53.9M 21.3M 6.0M 4.0M -- --
Diluted NI Availto Com Stockholders 33.2M 18.5M 11.2M 28.2M 28.7M -- --
Gain On Sale Of Business -- 256,000 0.00 136,000 -- 0.00 105,000
Gain On Sale Of Ppe -299,000 135,000 16,000 -8,000 561,000 -- --
Impairment Of Capital Assets -285,000 -- -- -- 0.00 -- --
Net Income Continuous Operations 35.2M 21.3M 13.3M 33.3M 30.4M -- --
Net Non Operating Interest Income Expense -15.6M -16.7M -18.8M -9.8M -4.6M -- --
Other Gand A 40.8M -67.6M 43.8M 30.6M 23.2M -- --
Reconciled Cost Of Revenue 287.6M 309.4M 283.1M 207.6M 153.5M -- --
Selling And Marketing Expense 12.2M -16.0M 11.6M 9.8M 9.0M -- --
Total Expenses 377.6M 387.2M 377.0M 267.1M 200.2M -- --
Total Other Finance Cost 483,000 464,000 439,000 515,000 174,000 -- --
Line Item Q4 2025Dec 31, 2025 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 15.9M 13.9M 27.1M 17.2M 16.4M -- --
Cash Cash Equivalents And Short Term Investments 15.9M 13.9M 27.1M 17.2M 16.4M -- --
Cash Financial 15.9M 13.9M 27.1M 17.2M 16.4M -- --
Accounts Receivable 183.0M 197.7M 185.4M 202.8M 130.8M -- --
Receivables 192.0M 222.7M 191.8M 209.1M 134.1M -- --
Inventory 352.1M 351.6M 356.5M 319.1M 214.5M -- --
Prepaid Assets 21.9M 22.6M 23.4M 27.0M 47.0M -- --
Other Current Assets 1.9M 1.7M 1.0M 1.1M 1.1M -- --
Current Assets 583.9M 613.6M 601.0M 573.5M 413.1M -- --
Gross PPE 531.0M 725.7M 512.2M 451.2M 307.0M -- --
Accumulated Depreciation -- -199.8M -- -- -- -146.7M --
Net PPE 531.0M 525.9M 512.2M 451.2M 307.0M -- --
Goodwill 451.9M 461.1M 630.3M 611.7M 81.4M -- --
Goodwill And Other Intangible Assets 821.0M 851.1M 884.9M 900.2M 138.5M -- --
Other Intangible Assets 369.1M 390.1M 254.5M 288.4M 57.1M -- --
Investments And Advances 62.1M 63.1M 68.4M 26.8M 20.3M -- --
Long Term Equity Investment 1.3M 1.3M 1.5M 1.5M 1.5M -- --
Other Non Current Assets -- -- 2.6M 3.0M -- -- --
Total Non Current Assets 1.4B 1.5B 1.5B 1.4B 489.6M -- --
Total Assets 2.0B 2.1B 2.1B 2.0B 902.7M -- --
Current Debt 105.6M 106.7M 107.7M 108.1M 17.5M -- --
Current Debt And Capital Lease Obligation 121.6M 122.2M 122.0M 122.5M 27.1M -- --
Accounts Payable 147.2M 86.6M 183.0M 181.2M 84.0M -- --
Payables 152.4M 96.2M 190.3M 185.4M 90.0M -- --
Payables And Accrued Expenses 152.4M 137.1M 190.3M 185.4M 90.0M -- --
Current Accrued Expenses -- 40.9M -- -- -- 20.1M --
Current Deferred Revenue 106.5M 58.2M 72.6M 69.0M 56.4M -- --
Other Current Liabilities 5.2M 53.4M 59.9M 58.9M -- 37,000 --
Current Liabilities 385.6M 411.9M 444.9M 435.8M 173.5M -- --
Long Term Debt 588.5M 647.3M 621.8M 827.9M 161.2M -- --
Long Term Debt And Capital Lease Obligation 805.4M 868.7M 840.6M 998.4M 266.5M -- --
Long Term Capital Lease Obligation 216.9M 221.4M 218.8M 170.4M 105.4M -- --
Other Non Current Liabilities 1.1M -- -- 4.0M 4.0M 4.0M 4.0M
Total Non Current Liabilities Net Minority Interest 850.0M 906.4M 912.2M 1.1B 296.8M -- --
Total Liabilities Net Minority Interest 1.2B 1.3B 1.4B 1.5B 470.3M -- --
Common Stock 564.0M 564.0M 564.0M 250.6M 250.6M -- --
Capital Stock 564.0M 564.0M 564.0M 250.6M 250.6M -- --
Additional Paid In Capital -10.7M -10.7M -10.7M 14.8M 14.8M -- --
Retained Earnings 199.6M 170.7M 155.6M 148.5M 124.0M -- --
Gains Losses Not Affecting Retained Earnings -9.9M -3.3M -12.2M 6.5M 7.0M -- --
Other Equity Adjustments -9.9M -3.3M -12.2M 6.5M 7.0M -- --
Common Stock Equity 744.3M 722.0M 698.0M 422.7M 398.8M -- --
Stockholders Equity 744.3M 722.0M 698.0M 422.7M 398.8M -- --
Total Equity Gross Minority Interest 790.6M 762.2M 738.0M 460.8M 432.5M -- --
Minority Interest 46.3M 40.1M 40.0M 38.1M 33.7M -- --
Total Capitalization 1.3B 1.4B 1.3B 1.3B 559.9M -- --
Net Tangible Assets -76.7M -129.1M -186.8M -477.4M 260.3M -- --
Tangible Book Value -76.7M -129.1M -186.8M -477.4M 260.3M -- --
Working Capital 198.3M 201.7M 156.1M 137.6M 239.7M -- --
Invested Capital 1.4B 1.5B 1.4B 1.4B 577.4M -- --
Total Debt 927.0M 990.9M 962.6M 1.1B 293.6M -- --
Net Debt 678.3M 740.0M 702.4M 918.8M 162.3M -- --
Share Issued 21.7M 21.7M 21.7M 19.5M 19.5M -- --
Ordinary Shares Number 21.7M 21.7M 21.7M 19.5M 19.5M -- --
Allowance For Doubtful Accounts Receivable -- -2.7M -- -- -- -1.3M --
Capital Lease Obligations 232.8M 237.0M 233.1M 184.8M 115.0M -- --
Construction In Progress -- 27.9M -- -- -- 13.1M --
Current Capital Lease Obligation 15.9M 15.5M 14.3M 14.4M 9.6M -- --
Current Deferred Liabilities 106.5M 58.2M 72.6M 69.0M 56.4M -- --
Defined Pension Benefit 12.7M 12.9M 9.1M 9.6M 9.5M -- --
Dividends Payable 4.3M 3.8M 3.8M 3.4M 3.4M -- --
Employee Benefits 4.6M 4.6M 4.9M 4.9M 3.6M -- --
Financial Assets Designatedas Fair Value Through Profitor Loss Total 60.8M 61.8M 66.9M 25.3M 18.8M -- --
Finished Goods -- 76.2M -- -- -- 55.7M --
Gross Accounts Receivable -- 200.4M -- -- -- 123.4M --
Hedging Assets Current 96,000 1.0M 1.2M 0.00 85,000 -- --
Income Tax Payable 843,000 2.6M 3.5M 807,000 2.5M -- --
Interest Payable -- 2.5M -- -- -- 968,000 --
Investmentin Financial Assets 60.8M 61.8M 66.9M 25.3M 18.8M -- --
Investments In Other Ventures Under Equity Method -- -- -- -- -- 7.7M --
Investmentsin Associatesat Cost 1.2M 1.2M 1.2M 1.2M 1.2M -- --
Investmentsin Joint Venturesat Cost 111,000 76,000 299,000 316,000 295,000 -- --
Land And Improvements -- 60.5M -- -- -- 42.7M --
Leases -- 254.8M -- -- -- 121.8M --
Line Of Credit -- -- -- -- -- 0.00 0.00
Machinery Furniture Equipment -- 286.7M -- -- -- 206.1M --
Non Current Accounts Receivable 4.6M 2.7M 2.8M 2.9M 970,000 -- --
Non Current Deferred Assets 10.9M 11.2M 14.2M 13.3M 13.3M -- --
Non Current Deferred Liabilities 38.8M 33.1M 66.7M 76.5M 22.7M -- --
Non Current Deferred Taxes Assets 10.9M 11.2M 14.2M 13.3M 13.3M -- --
Non Current Deferred Taxes Liabilities 38.8M 33.1M 66.7M 76.5M 22.7M -- --
Non Current Pension And Other Postretirement Benefit Plans 4.6M 4.6M 4.9M 4.9M 3.6M -- --
Other Current Borrowings 105.6M 106.7M 107.7M 108.1M 17.5M -- --
Other Equity Interest 1.5M 1.4M 1.4M 2.3M 2.2M -- --
Other Properties 531.0M 95.7M 512.2M 451.2M 307.0M -- --
Other Receivables 794,000 9.3M 469,000 427,000 71,000 -- --
Pensionand Other Post Retirement Benefit Plans Current -- 41.1M -- -- -- 20.7M --
Properties -- 0.00 -- -- -- 0.00 --
Raw Materials -- 172.3M -- -- -- 92.2M --
Taxes Receivable 8.2M 15.7M 5.9M 5.9M 3.2M -- --
Total Tax Payable 843,000 5.8M 3.5M 807,000 2.5M -- --
Work In Process -- 103.1M -- -- -- 63.2M --
Line Item Q4 2025Dec 31, 2025 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 96.5M 12.3M 28.0M 34.2M 36.6M -- --
Cash Flow From Continuing Operating Activities 96.5M 12.3M 28.0M 34.2M 36.6M -- --
Depreciation And Amortization 36.9M 49.5M 38.4M 19.1M 14.5M -- --
Depreciation Amortization Depletion 36.9M 49.5M 38.4M 19.1M 14.5M -- --
Stock Based Compensation 178,000 194,000 210,000 257,000 286,000 -- --
Deferred Tax 14.8M 6.0M 1.1M 8.3M 8.1M -- --
Deferred Income Tax 14.8M 6.0M 1.1M 8.3M 8.1M -- --
Change In Working Capital 50.9M -41.8M -14.9M -9.6M 3.8M -- --
Changes In Account Receivables 28.5M -23.9M 30.9M -8.4M -2.3M -- --
Change In Receivables 26.3M -23.8M 30.9M -10.7M -3.3M -- --
Change In Inventory -3.8M 9.6M -20.7M 2.3M 3.4M -- --
Change In Payables And Accrued Expense -22.0M -11.6M -3.8M -3.4M 2.8M -- --
Change In Other Working Capital 49.8M -15.3M -23.2M -1.6M 6.7M -- --
Change In Other Current Assets 614,000 -719,000 1.9M 3.8M -5.7M -- --
Other Non Cash Items -33.0M 3.1M 18.8M 5.7M 4.5M -- --
Capital Expenditure -22.2M -21.0M -13.1M -18.3M -16.0M -- --
Purchase Of PPE -22.0M -20.7M -12.3M -18.0M -15.7M -- --
Net PPE Purchase And Sale -19.6M -18.4M -10.8M -16.9M -8.9M -- --
Purchase Of Business -12.7M -14.4M -68.5M -758.9M -23.1M -- --
Sale Of Business -- 0.00 0.00 -- -- 0.00 -515,000
Net Investment Purchase And Sale -- -- -- -- -- -2.3M -34,000
Investing Cash Flow -32.4M -33.1M -111.2M -778.1M -32.3M -- --
Cash Flow From Continuing Investing Activities -32.4M -33.1M -111.2M -778.1M -32.3M -- --
Issuance Of Debt 0.00 25.9M -20.9M 783.2M 12.0M -- --
Repayment Of Debt -56.5M -15.7M -159.6M -35.1M -27.6M -- --
Net Issuance Payments Of Debt -56.5M 10.2M -180.5M 748.0M -15.6M -- --
Issuance Of Capital Stock -- -6,000 -- -- -- -11,000 --
Repurchase Of Capital Stock -- -- -- -- -- 0.00 0.00
Net Common Stock Issuance -- -6,000 -- -- -- -11,000 91.9M
Common Stock Dividend Paid -3.8M -3.8M -3.4M -3.4M -2.9M -- --
Common Stock Payments -- -- -- -- -- 0.00 0.00
Financing Cash Flow -60.3M 6.4M 97.2M 744.6M -18.6M -- --
Cash Flow From Continuing Financing Activities -60.3M 6.4M 97.2M 744.6M -18.6M -- --
Effect Of Exchange Rate Changes -1.9M 1.2M -4.0M 28,000 2.3M -- --
Changes In Cash 3.8M -14.4M 13.9M 740,000 -14.2M -- --
Beginning Cash Position 13.9M 27.1M 17.2M 16.4M 28.4M -- --
End Cash Position 15.9M 13.9M 27.1M 17.2M 16.4M -- --
Free Cash Flow 74.4M -8.8M 14.8M 16.0M 20.6M -- --
Amortization Cash Flow 18.9M 31.3M 21.3M 6.0M 4.0M -- --
Amortization Of Intangibles 18.9M 31.3M 21.3M 6.0M 4.0M -- --
Asset Impairment Charge 67,000 301,000 44,000 35,000 33,000 -- --
Cash Dividends Paid -3.8M -3.8M -3.4M -3.4M -2.9M -- --
Common Stock Issuance -- -6,000 -- -- -- -11,000 --
Depreciation 18.1M 18.2M 17.1M 13.1M 10.5M -- --
Earnings Losses From Equity Investments 0.00 1.3M 16,000 0.00 -12,000 -- --
Gain Loss On Investment Securities 497,000 566,000 -2.4M 18,000 2.2M -- --
Gain Loss On Sale Of Business -- -256,000 0.00 -- -- 0.00 -105,000
Gain Loss On Sale Of PPE 299,000 -135,000 -16,000 8,000 -561,000 -- --
Interest Paid Cfo -15.5M -15.8M -18.7M -7.6M -4.5M -- --
Long Term Debt Issuance 0.00 25.9M -20.9M 783.2M 12.0M -- --
Long Term Debt Payments -56.5M -15.7M -159.6M -35.1M -27.6M -- --
Net Business Purchase And Sale -12.7M -14.4M -99.6M -760.9M -23.1M -- --
Net Foreign Currency Exchange Gain Loss 3.3M -3.8M 9.5M 273,000 -10.5M -- --
Net Income From Continuing Operations 35.2M 21.3M 13.3M 33.3M 30.4M -- --
Net Intangibles Purchase And Sale -104,000 -331,000 -832,000 -288,000 -281,000 -- --
Net Long Term Debt Issuance -56.5M 10.2M -180.5M 748.0M -15.6M -- --
Net Short Term Debt Issuance -- 0.00 0.00 0.00 0.00 0.00 --
Operating Gains Losses 4.1M -2.1M 7.3M 201,000 -8.9M -- --
Pension And Employee Benefit Expense -7,000 246,000 170,000 38,000 37,000 -- --
Proceeds From Stock Option Exercised -- 0.00 -26.0M -- -- -63,000 -2.1M
Purchase Of Intangibles -170,000 -331,000 -832,000 -288,000 -281,000 -- --
Sale Of Intangibles 66,000 -- -- -- 0.00 -- --
Sale Of PPE 2.4M 2.3M 1.5M 1.1M 6.8M -- --
Taxes Refund Paid -7.7M -12.9M -5.9M -11.9M -12.0M -- --
Unrealized Gain Loss On Investment Securities 10.6M 4.5M -11.7M -3.6M 264,000 -- --
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